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FDB Holdings Limited
(1826)
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Rating:48Neutral
Price Target:
HK$0.53
â–˛(341.67% Upside)
Action:Reiterated
Date:09/11/26
Overall score is held back primarily by weak financial performance (shrinking revenue, losses, high leverage versus a very small equity base, and negative free cash flow). Technicals provide some support due to strong trend and positive MACD, but the move appears overheated (RSI/Stoch extremely high). Valuation is not supportive given the negative P/E and lack of dividend yield data.
Positive Factors
Prior Profitability
Positive net income and margins in 2024 demonstrate that the company has previously been capable of profitable operations. Although performance later reversed, this evidence provides a foundation for assessing whether operational improvements or better contract execution can restore earnings over the coming quarters.
Negative Factors
Revenue and Earnings Decline
Falling TTM revenue combined with deeply negative profitability indicates weakening operating performance and limited earnings visibility. Negative EBIT, EBITDA, and net margins reduce internal funding capacity and suggest that durable recovery depends on reversing weak demand or improving contract economics.
Read all positive and negative factors
Positive Factors
Negative Factors
Prior Profitability
Positive net income and margins in 2024 demonstrate that the company has previously been capable of profitable operations. Although performance later reversed, this evidence provides a foundation for assessing whether operational improvements or better contract execution can restore earnings over the coming quarters.
Read all positive factors
FDB Holdings Limited (1826) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.05B
Dividend Yield2.5%
Average Volume (3M)3.73M
Price to Earnings (P/E)―
Beta (1Y)0.14
Revenue Growth-41.71%
EPS Growth-4650.00%
CountryHK
Employees56
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.03
Shares Outstanding2,397,600,000
10 Day Avg. Volume3,826,500
30 Day Avg. Volume3,731,500
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)-5.28
Price to Sales (P/S)0.30
P/FCF Ratio-3.31
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
FDB Holdings Limited Business Overview & Revenue Model
Company Description
Operating within Hong Kong, FDB Holdings Limited delivers comprehensive contracting and project management solutions. Their service portfolio encompasses a variety of construction activities, including significant alterations and additions, genera...
FDB Holdings Limited Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
27
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 340.78M | 406.74M | 468.46M | 193.77M | 357.15M | 382.27M |
| Gross Profit | 3.92M | 7.71M | 17.30M | -7.15M | 7.33M | -29.92M |
| EBITDA | -35.30M | -20.19M | 12.22M | -56.41M | 1.14M | -62.53M |
| Net Income | -36.22M | -22.41M | 9.87M | -59.28M | -969.00K | 40.10M |
Balance Sheet | ||||||
| Total Assets | 263.73M | 239.32M | 169.40M | 196.53M | 226.86M | 240.88M |
| Cash, Cash Equivalents and Short-Term Investments | 37.77M | 11.09M | 32.60M | 35.21M | 31.59M | 9.55M |
| Total Debt | 58.53M | 11.87M | 10.01M | 12.92M | 599.00K | 4.38M |
| Total Liabilities | 257.29M | 262.27M | 169.94M | 206.95M | 177.99M | 190.98M |
| Stockholders Equity | 6.45M | -22.94M | -548.00K | -10.42M | 48.87M | 49.78M |
Cash Flow | ||||||
| Free Cash Flow | -6.04M | -36.65M | -27.30M | -19.92M | 31.51M | -29.92M |
| Operating Cash Flow | -6.04M | -36.62M | -27.25M | -19.77M | 32.20M | -29.67M |
| Investing Cash Flow | 3.56M | -33.00K | 16.29M | -2.51M | -16.73M | 27.64M |
| Financing Cash Flow | 57.20M | 15.13M | 871.00K | 25.90M | 5.18M | -10.53M |
FDB Holdings Limited Technical Analysis
Positive
0.12
Price Trends
0.19
Positive
0.15
Positive
0.14
Positive
Market Momentum
0.07
Negative
90.10
Negative
94.39
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1826, the sentiment is Positive. The current price of 0.12 is below the 20-day moving average (MA) of 0.28, below the 50-day MA of 0.19, and below the 200-day MA of 0.14, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 90.10 is Negative, neither overbought nor oversold. The STOCH value of 94.39 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1826.
FDB Holdings 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% | |
56 Neutral | HK$227.50M | 17.11 | 1.82% | 7.25% | 28.02% | -68.80% | |
53 Neutral | HK$216.00M | 9.18 | 6.28% | 3.70% | -5.52% | -3.29% | |
48 Neutral | HK$1.05B | -20.19 | 439.08% | 2.50% | -41.71% | -4650.00% | |
46 Neutral | HK$162.40M | -1.06 | 848.01% | 1.96% | -25.29% | 7.74% | |
45 Neutral | HK$175.20M | 12.88 | 7.59% | 2.28% | 79.24% | 61.90% |
* Industrials Sector Average
HK:1826
FDB Holdings Limited
0.54
0.47
686.76%
HK:1447
SFK Construction Holdings Ltd.
0.54
0.04
8.00%
HK:1547
IBI Group Holdings Limited
0.22
-0.01
-6.28%
HK:1582
CR Construction Group Holdings Limited
0.45
0.06
15.38%
HK:1615
AB Builders Group Limited
0.40
0.15
59.27%
HK:6816
Prosper Construction Holdings Limited
0.20
-0.08
-28.77%
FDB Holdings Limited Corporate Events
FDB Holdings Publishes Unaudited Interim Results for First Half of 2026
Aug 28, 2026
FDB Holdings Limited has released its unaudited consolidated interim results for the six months ended 30 June 2026, fulfilling disclosure obligations under Hong Kong listing rules. The interim report includes standard financial statements, managem...
FDB Holdings Raises HK$76.9 Million in Fully Placed Rights Issue for Overseas Expansion
Aug 19, 2026
FDB Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong under stock code 1826, operates in sectors served by capital markets and is expanding its business footprint overseas. The company is pursuing projects such as its Ka...
FDB Holdings Sets Board Meeting to Review Interim Results and Possible Dividend
Aug 14, 2026
FDB Holdings Limited has announced that its board of directors will convene a meeting on 28 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026. The board will also consider whether to recommend th...
FDB Holdings flags wider interim loss amid project slowdown and rising costs
Aug 7, 2026
FDB Holdings Limited has warned shareholders and potential investors that it expects to post a significantly wider net loss of between HK$9 million and HK$12 million for the six months ended 30 June 2026, compared with a net loss of about HK$5.2 m...
FDB Holdings Revises Placing Terms and Timetable for Rights Issue
Jul 31, 2026
FDB Holdings Limited has updated investors on changes to its ongoing capital-raising exercise on the Hong Kong market. The company is progressing with a rights issue offering one rights share for every two existing shares held, aiming to complete ...
FDB Holdings’ Rights Issue Heavily Undersubscribed, Unplaced Shares to Be Reduced
Jul 23, 2026
FDB Holdings Limited has disclosed the outcome of its recent rights issue, launched on the basis of one rights share for every two existing shares held by qualifying shareholders. As of the latest acceptance deadline, only 23.53% of the available ...
FDB Holdings switches auditor as it targets Belt and Road expansion
Jun 29, 2026
FDB Holdings Limited, an engineering, procurement and construction specialist, is gearing up for overseas expansion into infrastructure projects across Belt and Road markets such as Central Asia. The company’s move underscores a shift toward...
FDB Holdings Secures Shareholder Backing for All AGM Resolutions
Jun 23, 2026
FDB Holdings Limited said shareholders approved all resolutions at its 23 June 2026 annual general meeting, with votes cast in respect of 832.59 million shares. Investors endorsed the 2025 audited financial statements and granted management contin...
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.