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Thelloy Development Group Limited
(1546)
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Rating:43Neutral
Price Target:
HK$0.12
▲(105.00% Upside)
Action:Reiterated
Date:10/25/26
The score is primarily dragged down by weak financial performance—recent losses, higher leverage, and persistent negative operating/free cash flow. Technicals further weigh on the outlook as the price sits below key moving averages with negative MACD, despite near-oversold RSI. Valuation does not provide clear support due to the negative P/E and lack of a provided dividend yield.
Positive Factors
Revenue Growth
Reported revenue growth indicates the company has retained some ability to expand its top line despite recent operating volatility. If sustained, this can support greater scale, improve fixed-cost absorption, and provide a base for restoring profitability over the next several quarters.
Negative Factors
Sustained Losses
Persistent losses and thin gross profit indicate that current revenue is not translating into adequate operating returns. Negative operating and net margins reduce internal funding capacity, make earnings recovery more dependent on execution, and leave the business vulnerable if project economics remain weak.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Reported revenue growth indicates the company has retained some ability to expand its top line despite recent operating volatility. If sustained, this can support greater scale, improve fixed-cost absorption, and provide a base for restoring profitability over the next several quarters.
Read all positive factors
Thelloy Development Group Limited (1546) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$101.60M
Dividend Yield9.46%
Average Volume (3M)517.44K
Price to Earnings (P/E)―
Beta (1Y)0.42
Revenue Growth17.56%
EPS Growth34.89%
CountryHK
Employees96
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.04
Shares Outstanding800,000,000
10 Day Avg. Volume211,200
30 Day Avg. Volume517,440
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)2.55
Price to Sales (P/S)0.46
P/FCF Ratio-4.25
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Thelloy Development Group Limited Business Overview & Revenue Model
Company Description
Operating predominantly in Hong Kong, Thelloy Development Group Limited functions as an investment holding company that specializes in construction and project management services. Its extensive service portfolio includes general building construc...
Thelloy Development Group Limited Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
33
Negative
Cash Flow
18
Very Negative
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 470.43M | 400.17M | 257.99M | 259.14M | 204.34M |
| Gross Profit | 11.67M | 8.27M | 30.23M | 46.31M | 39.84M |
| EBITDA | -19.22M | -36.07M | 4.57M | 25.32M | 12.74M |
| Net Income | -33.48M | -51.36M | 8.28M | 12.66M | 4.26M |
Balance Sheet | |||||
| Total Assets | 367.91M | 399.78M | 352.85M | 341.27M | 272.35M |
| Cash, Cash Equivalents and Short-Term Investments | 31.73M | 31.38M | 32.07M | 66.03M | 56.56M |
| Total Debt | 143.87M | 155.79M | 73.82M | 65.39M | 23.07M |
| Total Liabilities | 283.07M | 281.46M | 183.17M | 179.87M | 123.61M |
| Stockholders Equity | 84.84M | 118.32M | 169.68M | 161.40M | 148.74M |
Cash Flow | |||||
| Free Cash Flow | -50.83M | -64.64M | -16.67M | -25.84M | -7.36M |
| Operating Cash Flow | -50.68M | -63.83M | -5.27M | -20.50M | -2.90M |
| Investing Cash Flow | 10.66M | -10.29M | -32.36M | -8.85M | -13.05M |
| Financing Cash Flow | 38.30M | 73.44M | 3.68M | 38.82M | -18.80M |
Thelloy Development Group Limited Technical Analysis
Negative
0.06
Price Trends
0.13
Positive
0.14
Negative
0.19
Negative
Market Momentum
>-0.01
Negative
51.20
Neutral
115.47
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1546, the sentiment is Negative. The current price of 0.06 is below the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.13, and below the 200-day MA of 0.19, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 51.20 is Neutral, neither overbought nor oversold. The STOCH value of 115.47 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1546.
Thelloy Development Group Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | HK$159.45M | 20.00 | 3.07% | 10.00% | 11.22% | ― | |
54 Neutral | HK$141.59M | -2.36 | -2.95% | 4.20% | -24.47% | -220.53% | |
45 Neutral | HK$102.34M | -1.15 | -26.71% | ― | -51.29% | 43.87% | |
45 Neutral | HK$126.71M | -1.04 | -113.83% | ― | -9.47% | 39.22% | |
43 Neutral | HK$101.60M | -3.04 | -35.81% | 9.46% | 17.56% | 34.89% | |
43 Neutral | HK$161.60M | -1.06 | 848.01% | 1.96% | -25.29% | 7.74% |
* Industrials Sector Average
HK:1546
Thelloy Development Group Limited
0.13
0.07
115.25%
HK:0385
Chinney Alliance Group Limited
0.24
-0.13
-36.02%
HK:1413
Kwong Luen Engineering Holdings Limited
0.21
-0.22
-51.40%
HK:1559
Kwan On Holdings Ltd.
0.05
-0.03
-39.47%
HK:2193
Man King Holdings Limited
0.38
0.17
77.57%
HK:6816
Prosper Construction Holdings Limited
0.20
<0.01
1.00%
Thelloy Development Group Limited Corporate Events
Thelloy Shareholders Approve Service Pact and Rebrand to Fortune Peace
Oct 9, 2026
Shareholders of Thelloy Development Group Limited have approved all resolutions at an extraordinary general meeting held on 9 October 2026, including a mutual master service agreement that sets annual fee caps for intra-group services. The ordinar...
Thelloy Calls EGM to Approve New Service Agreement and Name Change
Sep 17, 2026
Thelloy Development Group Limited has called an extraordinary general meeting to be held via an eVoting portal on 9 October 2026 at 11:00 a.m. Shareholders will be asked to approve, confirm, and ratify a Mutual Master Service Agreement, including ...
Thelloy Extends Circular Timeline and Long Stop Date for Service Agreement
Aug 31, 2026
Thelloy Development Group Limited has announced a further delay in sending a shareholder circular related to its Mutual Master Service Agreement, pushing the expected despatch date from on or before 31 August 2026 to on or before 30 September 2026...
Thelloy Shareholders Back All Resolutions at 2026 AGM
Aug 25, 2026
Thelloy Development Group Limited reported that all resolutions proposed at its annual general meeting on 25 August 2026 were approved by shareholders via electronic voting. The meeting covered key governance items, including the adoption of audit...
Thelloy Development Relocates Hong Kong Head Office Without Changing Registered Domicile
Aug 17, 2026
Thelloy Development Group Limited has relocated its head office and principal place of business in Hong Kong to Portion B of 11/F, Sui Ying Industrial Building, 1 Yuk Yat Street, To Kwa Wan, Kowloon, effective 17 August 2026. The company’s r...
Thelloy Development Further Delays Shareholder Circular on Service Agreement
Jul 31, 2026
Thelloy Development Group Limited is a construction and building services company listed on the Hong Kong Stock Exchange. It provides contracting and development services in Hong Kong under the oversight of a board that includes four executive dir...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.