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Hygieia Group Limited (1650) AI Stock Analysis

HK:1650

Hygieia Group Limited

(HKEX:1650)

Select Model
Rating:74.5Outperform
Price Target:HKD 0.20â–²(19.41% Upside)
Action:reiterated
Date:09/19/26

The overall score reflects strengthening fundamentals as the main driver, with revenue growth, margin expansion, and disciplined deleveraging supporting improving profitability despite still modest margins and volatile cash flow growth. Strong upward price momentum and low beta further support the score, though technically stretched conditions signal limited near-term upside and possible pullbacks. A relatively high P/E multiple is balanced by a healthy dividend yield, yielding a moderately attractive but not compelling valuation.

Positive Factors
Steady revenue and profit recoverySteady revenue growth combined with a meaningful profitability rebound indicates that the business is recovering operational traction. Continued top-line expansion can support broader earnings capacity, while the improvement from prior losses provides a stronger base for performance over the coming quarters.
Negative Factors
Modest and incompletely recovered marginsThe margin rebound is encouraging, but profitability remains modest and below earlier peak performance. This limits the earnings buffer available if revenue growth slows, and it suggests that further operational improvement is still needed before the business can demonstrate fully normalized earnings power.

Hygieia Group Limited (1650) vs. iShares MSCI Hong Kong ETF (EWH)

-25%0%25%50%75%100%125%HK:1650+104.82%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 340.00M
Dividend Yield
5.46%
Average Volume (3M)
1.48M
Price to Earnings (P/E)
30.8
Beta (1Y)
0.27
Revenue Growth
12.20%
EPS Growth
7.84%
Country
Hong Kong
Employees
3,201
Sector
Industrials
Sector Strength
63
Industry
Specialty Business Services

Hygieia Group Limited Business Overview & Revenue Model

Company Description

Hygieia Group Limited operates as an investment holding company, specializing in comprehensive cleaning services throughout Singapore and Thailand. The company's diverse offerings cater to a wide array of public and private sector locations, includin...

Hygieia Group Limited Financial Statement Overview

Summary

Financial performance is solid with steady revenue growth, improving margins, sharp deleveraging, and better cash generation, though profitability and cash flow growth remain moderate and somewhat volatile.

Income Statement

72Positive

Balance Sheet

85Very Positive

Cash Flow

68Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue83.88M79.52M74.70M66.54M63.42M71.61M
Gross Profit12.94M13.39M9.65M8.99M8.60M14.45M
EBITDA2.05M5.09M2.15M3.24M1.48M9.02M
Net Income1.82M2.63M756.00K454.00K-1.60M5.14M
Balance Sheet
Total Assets37.91M37.88M40.99M44.48M46.87M56.53M
Cash, Cash Equivalents and Short-Term Investments10.09M14.25M18.43M22.58M27.52M31.02M
Total Debt2.48M1.93M3.90M6.04M7.52M9.47M
Total Liabilities12.12M11.34M13.06M14.38M15.27M18.84M
Stockholders Equity25.69M26.49M27.82M30.05M31.60M37.70M
Cash Flow
Free Cash Flow-1.23M3.33M1.50M146.00K4.14M8.79M
Operating Cash Flow-320.66K3.98M2.17M1.04M5.08M9.87M
Investing Cash Flow-773.42K2.44M2.60M-815.00K-10.41M1.72M
Financing Cash Flow-3.66M-6.95M-6.64M-5.52M-8.19M-675.00K

Hygieia Group Limited Technical Analysis

Technical Analysis SentimentPositive
Last Price0.17

Price Trends

50DMA0.16Positive
100DMA0.15Positive
200DMA0.14Positive

Market Momentum

MACD0.00Positive
RSI57.00Neutral
STOCH82.50Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1650, the sentiment is Positive. The current price of 0.17 is equal to the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.16, and above the 200-day MA of 0.14, indicating a neutral trend. The MACD of 0.00 indicates Positive momentum. The RSI at 57.00 is Neutral, neither overbought nor oversold. The STOCH value of 82.50 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1650.

Hygieia Group Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

HK:1650 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:1650HK:165075OutperformHKD 340.00M30.786.98%5.46%12.20%7.84%
HK:1568HK:156871OutperformHKD 1.32B4.617.71%8.26%1.92%-2.09%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
HK:8040HK:804050NeutralHKD 163.20M-16.97-27.66%―27.86%75.80%
HK:3893HK:389346NeutralHKD 1.41B-1.97436.38%―17.87%-306.00%
HK:1376HK:137642NeutralHKD 96.00M26.07-40.37%―――
HK:1867HK:186741NeutralHKD 283.86M-17.27-32.10%―-33.88%67.16%

* Industrials Sector Average

Performance Comparison

-50%0%50%100%HK:1650HK:1376HK:1568HK:1867HK:3893HK:8040Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:1650 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:1650Hygieia Group Limited0.170.09104.82%
HK:1376Raffles Interior Ltd.0.10-0.14-59.66%
HK:1568Sundart Holdings Ltd.0.60-0.07-10.64%
HK:1867Standard Development Group Limited0.19-0.09-32.14%
HK:3893CROSSTEC Group Holdings Ltd.1.330.4551.70%
HK:8040Coolpoint Innonism Holding Limited0.480.1860.00%

Hygieia Group Limited Corporate Events

Hygieia Group Declares Interim Cash Dividend for First Half of 2026

Sep 1, 2026

Hygieia Group Limited has declared an interim ordinary cash dividend of SGD 0.0005 per share for the six months ended 30 June 2026, corresponding to HKD 0.003114 per share based on an exchange rate of SGD 1 to HKD 6.228. The dividend, for the financi...

Hygieia Group Declares Interim Cash Dividend for First Half of 2026

Aug 28, 2026

Hygieia Group Limited, listed in Hong Kong under stock code 01650, has disclosed limited information on its business focus in this announcement but confirms standard listing arrangements through its share registrar, Tricor Investor Services Limited....

Hygieia Revenue Rises but Profit Falls in First-Half 2026

Aug 28, 2026

Hygieia Group Limited reported unaudited revenue of about S$42.2 million for the six months ended 30 June 2026, a 7.3% increase from a year earlier, but profit after tax fell to roughly S$1.3 million from S$2.1 million as higher costs eroded margins....

Hygieia Warns of Over 35% Profit Slide on Lower Grants and Rising Labour Costs

Aug 18, 2026

Hygieia Group Limited, a Hong Kong-listed company with significant operations in Singapore, relies on a labour-intensive business model in which government employment credits and workforce costs materially affect its earnings profile. The group&#8217...

Hygieia Group Sets Board Meeting to Review Interim Results and Dividend

Aug 17, 2026

Hygieia Group Limited has scheduled a board meeting for 28 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026. The board will also consider the potential payment of an interim dividend, a decision th...

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.

Date of analysis: Sep 19, 2026