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Thelloy Development Group Limited (1546) AI Stock Analysis
Thelloy Development Group Limited
(HKEX:1546)
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.
Thelloy Development Group Limited (1546) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 101.60M
- Dividend Yield
- ―
- Average Volume (3M)
- 410.38K
- Price to Earnings (P/E)
- -3.0
- Beta (1Y)
- 0.42
- Revenue Growth
- 17.56%
- EPS Growth
- 34.89%
- Country
- Hong Kong
- Employees
- 96
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Engineering & Construction
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 constructio...
Thelloy Development Group Limited Financial Statement Overview
Summary
Financial quality is weak: profitability deteriorated into sustained losses (2025–2026), leverage rose materially with debt-to-equity moving to elevated levels, and operating/free cash flow have been consistently negative (2022–2026), indicating ongoing cash burn. A modest positive is that 2026 losses and cash burn improved versus 2025, but the overall profile remains pressured.
Income Statement
24NegativeBalance Sheet
33NegativeCash Flow
18Very Negative| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 470.43M | 470.43M | 400.17M | 257.99M | 259.14M | 204.34M |
| Gross Profit | 11.67M | 11.67M | 8.27M | 30.23M | 46.31M | 39.84M |
| EBITDA | -18.30M | -19.22M | -36.07M | 4.57M | 25.32M | 12.74M |
| Net Income | -33.48M | -33.48M | -51.36M | 8.28M | 12.66M | 4.26M |
Balance Sheet | ||||||
| Total Assets | 367.91M | 367.91M | 399.78M | 352.85M | 341.27M | 272.35M |
| Cash, Cash Equivalents and Short-Term Investments | 31.73M | 31.73M | 31.38M | 32.07M | 66.03M | 56.56M |
| Total Debt | 143.87M | 143.87M | 155.79M | 73.82M | 65.39M | 23.07M |
| Total Liabilities | 283.07M | 283.07M | 281.46M | 183.17M | 179.87M | 123.61M |
| Stockholders Equity | 84.84M | 84.84M | 118.32M | 169.68M | 161.40M | 148.74M |
Cash Flow | ||||||
| Free Cash Flow | 0 | -50.83M | -64.64M | -16.67M | -25.84M | -7.36M |
| Operating Cash Flow | 0 | -50.68M | -63.83M | -5.27M | -20.50M | -2.90M |
| Investing Cash Flow | 0 | 10.66M | -10.29M | -32.36M | -8.85M | -13.05M |
| Financing Cash Flow | 0 | 38.30M | 73.44M | 3.68M | 38.82M | -18.80M |
Thelloy Development Group Limited Technical Analysis
Price Trends
Market Momentum
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 0.13 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 -0.00 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
Overall Rating
HK:219358Neutral
HK:038554Neutral
HK:141346Neutral
HK:681643Neutral- HK:154643Neutral
HK:155939Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| HK:2193 | 58Neutral | HKD 159.45M | 20.00 | 3.07% | ― | 11.22% | ― |
| HK:0385 | 54Neutral | HKD 141.59M | -2.36 | -2.95% | 4.20% | -24.47% | -220.53% |
| HK:1413 | 46Neutral | HKD 102.34M | -1.15 | -26.71% | ― | -51.29% | 43.87% |
| HK:6816 | 43Neutral | HKD 161.60M | -1.06 | 848.01% | ― | -25.29% | 7.74% |
| HK:1546 | 43Neutral | HKD 101.60M | -3.04 | -35.81% | ― | 17.56% | 34.89% |
| HK:1559 | 39Underperform | HKD 126.71M | -1.04 | -113.83% | ― | -9.47% | 39.22% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| 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 | -0.20 | -48.77% | |
| HK:1559 | Kwan On Holdings Ltd. | 0.05 | -0.03 | -37.84% | |
| HK:2193 | Man King Holdings Limited | 0.38 | 0.17 | 77.57% | |
| HK:6816 | Prosper Construction Holdings Limited | 0.20 | 0.00 | 1.00% |
Thelloy Development Group Limited Corporate Events
Thelloy Shareholders Approve Service Pact and Rebrand to Fortune Peace
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 ordinary r...
Thelloy Calls EGM to Approve New Service Agreement and Name Change
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 Gro...
Thelloy Extends Circular Timeline and Long Stop Date for Service Agreement
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. T...
Thelloy Shareholders Back All Resolutions at 2026 AGM
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 audited...
Thelloy Development Relocates Hong Kong Head Office Without Changing Registered Domicile
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 regi...
Thelloy Development Further Delays Shareholder Circular on Service Agreement
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 direct...
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.
Date of analysis: Oct 25, 2026