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Yield Go Holdings Ltd.
(1796)
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Rating:41Neutral
Price Target:
HK$0.63
▼(-77.09% Downside)
Action:Reiterated
Date:04/10/26
The score is primarily held down by weak and volatile financial performance (sharp 2025 revenue decline, thin margins, renewed operating losses, and inconsistent cash flow). Technicals add significant downside pressure as the stock trades well below major moving averages with negative momentum indicators. Valuation provides limited support because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Balance-sheet leverage
Moderate debt-to-equity provides structural financial flexibility versus highly leveraged peers. With total equity remaining positive, the firm is less likely to face immediate solvency stress, helping preserve access to credit and allowing time to execute turnarounds or operational fixes.
Negative Factors
Sharp revenue decline
A large year-over-year revenue drop materially reduces economies of scale and recurring cash flow, increasing per-unit costs and fixed-cost pressure. Sustained top-line contraction undermines recovery prospects, forces tighter liquidity, and can necessitate restructuring or external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet leverage
Moderate debt-to-equity provides structural financial flexibility versus highly leveraged peers. With total equity remaining positive, the firm is less likely to face immediate solvency stress, helping preserve access to credit and allowing time to execute turnarounds or operational fixes.
Read all positive factors
Yield Go Holdings Ltd. (1796) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$172.80M
Dividend Yield12.7%
Average Volume (3M)5.34M
Price to Earnings (P/E)―
Beta (1Y)0.29
Revenue Growth-30.37%
EPS Growth59.55%
CountryHK
Employees47
SectorIndustrials
Sector Strength72
IndustryResidential Construction
Share Statistics
EPS (TTM)-0.05
Shares Outstanding480,000,000
10 Day Avg. Volume8,264,195
30 Day Avg. Volume5,341,198
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)10.53
Price to Sales (P/S)3.06
P/FCF Ratio-245.78
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
Yield Go Holdings Ltd. Business Overview & Revenue Model
Company Description
Metaspacex Limited, an investment holding company, provides fitting-out contract services for residential and commercial properties primarily in Hong Kong. The company's fitting-out services include fitting-out works conducted on new buildings; an...
How the Company Makes Money
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Yield Go Holdings Ltd. Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
48
Neutral
Cash Flow
27
Negative
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 235.54M | 263.93M | 460.27M | 205.87M | 232.20M | 278.18M |
| Gross Profit | 4.44M | 5.52M | 19.14M | 11.01M | 8.78M | -30.65M |
| EBITDA | -20.13M | -26.14M | 2.54M | -12.02M | -1.46M | -28.31M |
| Net Income | -25.46M | -32.18M | -4.44M | -18.66M | -4.02M | -32.52M |
Balance Sheet | ||||||
| Total Assets | 167.41M | 165.07M | 205.64M | 195.23M | 207.85M | 210.55M |
| Cash, Cash Equivalents and Short-Term Investments | 49.93M | 43.09M | 49.73M | 20.13M | 20.66M | 26.59M |
| Total Debt | 55.08M | 52.53M | 48.95M | 49.78M | 44.41M | 45.24M |
| Total Liabilities | 94.60M | 88.51M | 96.89M | 82.05M | 76.00M | 74.68M |
| Stockholders Equity | 72.81M | 76.56M | 108.74M | 113.18M | 131.84M | 135.87M |
Cash Flow | ||||||
| Free Cash Flow | 5.75M | -3.28M | 33.44M | -2.81M | -3.53M | 1.38M |
| Operating Cash Flow | 5.75M | -3.28M | 33.44M | -2.81M | -3.53M | 1.38M |
| Investing Cash Flow | 1.00K | 2.00K | 2.00K | 1.00K | 1.00K | 1.00K |
| Financing Cash Flow | -147.00K | -3.16M | -999.00K | 2.28M | -2.40M | -3.10M |
Yield Go Holdings Ltd. Technical Analysis
Negative
2.75
Price Trends
0.33
Positive
0.42
Negative
1.58
Negative
Market Momentum
0.03
Positive
47.03
Neutral
2.26
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1796, the sentiment is Negative. The current price of 2.75 is above the 20-day moving average (MA) of 0.42, above the 50-day MA of 0.33, and above the 200-day MA of 1.58, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 47.03 is Neutral, neither overbought nor oversold. The STOCH value of 2.26 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1796.
Yield Go Holdings Ltd. 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% | |
60 Neutral | HK$260.00M | -55.00 | -2.42% | ― | -14.83% | -129.76% | |
55 Neutral | HK$254.81M | -0.77 | 118.96% | 3.51% | -50.93% | 41.77% | |
54 Neutral | HK$391.48M | -21.79 | -13.58% | ― | 4.31% | -426.67% | |
54 Neutral | HK$177.49M | 29.93 | 1.14% | 2.05% | -22.26% | -33.78% | |
41 Neutral | HK$172.80M | -13.28 | -19.11% | 12.70% | -30.37% | 59.55% |
* Industrials Sector Average
HK:1796
Yield Go Holdings Ltd.
0.36
-2.87
-88.85%
HK:9938
Wah Wo Holdings Group Limited
0.28
0.16
145.54%
HK:1592
Anchorstone Holdings Limited
0.18
-0.06
-25.21%
HK:1653
MOS House Group Limited
1.36
0.63
86.30%
HK:1897
Million Hope Industries Holdings Ltd.
0.44
0.03
7.06%
Yield Go Holdings Ltd. Corporate Events
Metaspacex Faces Default Notice After Missing Bond Interest Payment
Jul 16, 2026
Metaspacex Limited has disclosed that a bondholder has issued a notice of default over a HK$5 million bond issued in April 2025, after the company failed to pay all interest due. As of the announcement date, around HK$210,000 of interest remains u...
Metaspacex Partial Takeover Offer Lapses After Weak Shareholder Response
Jul 3, 2026
Metaspacex Limited faced a conditional voluntary cash partial offer led by Chan Yuen Tung, acting through Rainbow Capital (HK) Limited, to acquire 15,800,000 shares from qualifying shareholders. By the first closing date on July 3, 2026, only 152,...
Metaspacex Narrows Annual Loss Despite Revenue Decline
Jun 29, 2026
Metaspacex Limited reported revenue of HK$183.8 million for the year ended 31 March 2026, down from HK$263.9 million a year earlier, but managed to improve gross profit to HK$6.7 million from HK$5.5 million. The company remained loss-making, altho...
Metaspacex Sets June Board Meeting to Approve Annual Results and Mull Dividend
Jun 15, 2026
Metaspacex Limited has scheduled a board meeting for 29 June 2026 to review and approve the annual results of the company and its subsidiaries for the financial year ended 31 March 2026. The board will also consider the declaration of a final divi...
Metaspacex Sends Response on Conditional Partial Cash Offer to Shareholders
Jun 1, 2026
Metaspacex Limited has issued and despatched a detailed response document to its qualifying shareholders regarding a conditional voluntary cash partial offer for up to 15,800,000 shares. The offer is being made by Rainbow Capital (HK) Limited on b...
Metaspacex Scraps HK$500 Million New Business Plan After Share Price Slump
May 21, 2026
Metaspacex Limited, a Cayman Islands-incorporated company listed in Hong Kong, announced changes to its previously disclosed strategic plans. While the firm’s core operations remain unchanged, the board emphasized that no new legally binding...
Metaspacex Appoints Independent Adviser for Partial Offer Review
May 20, 2026
Metaspacex Limited has appointed Messis Capital Limited as independent financial adviser to its independent board committee in connection with a partial offer made by offeror Chan Yuen Tung. Messis Capital, licensed under Hong Kong’s Securit...
Metaspacex Scraps Controlling Stake Sale, Trading to Resume in Hong Kong
May 14, 2026
Metaspacex Limited has announced the termination of a planned sale of a 53.3% controlling stake by China Sports Asset Management to Shenzhen Haoyi Investment for HK$63.97 million, after key conditions linked to releasing pledged shares from a lend...
Metaspacex Sets Independent Review Framework for Partial Cash Offer
May 11, 2026
Metaspacex Limited has announced details related to a pre-conditional voluntary cash partial offer for its shares by controlling shareholder Chan Yuen Tung, clarifying that the company’s share capital consists solely of 480,000,000 issued sh...
Regulatory Green Light Clears Way for Chan Yuen Tung’s Partial Offer for Metaspacex
May 5, 2026
Hong Kong-based investor Chan Yuen Tung has moved a step closer to increasing his stake in Metaspacex Limited, after Hong Kong’s takeover regulator granted consent for a voluntary partial cash offer. The offer, to be made through Rainbow Cap...
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.