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FDB Holdings Limited
(1826)
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Rating:52Neutral
Price Target:
HK$0.88
â–²(632.50% Upside)
Action:Reiterated
Date:10/30/26
The score is held down primarily by weak financial performance (shrinking revenue, losses, thin equity/high leverage, and negative free cash flow). Technicals are the main offset, showing strong momentum above key moving averages, but overbought indicators temper that support. Valuation remains unattractive due to negative earnings and no dividend yield provided.
Positive Factors
Demonstrated Profitability
Positive net income and margins in 2024 show that the company has demonstrated an ability to operate profitably under at least some conditions. This provides a factual foundation for potential recovery, although the subsequent reversal means profitability has not yet proven durable.
Negative Factors
Revenue and Earnings Contraction
Declining TTM revenue combined with negative net, EBIT, and EBITDA margins points to weakened demand or contract economics and reduces the company’s ability to fund operations internally. The sharp reversal after 2024 also indicates that earnings power is not stable across reporting periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Demonstrated Profitability
Positive net income and margins in 2024 show that the company has demonstrated an ability to operate profitably under at least some conditions. This provides a factual foundation for potential recovery, although the subsequent reversal means profitability has not yet proven durable.
Read all positive factors
FDB Holdings Limited (1826) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.10B
Dividend Yield2.5%
Average Volume (3M)3.77M
Price to Earnings (P/E)―
Beta (1Y)-0.76
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. Volume4,389,500
30 Day Avg. Volume3,768,235
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 | -32.67M | -20.19M | 12.22M | -56.41M | 1.14M | -62.45M |
| 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
0.54
Positive
0.34
Positive
0.24
Positive
Market Momentum
0.09
Negative
70.19
Negative
80.01
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 0.73, below the 50-day MA of 0.54, and below the 200-day MA of 0.24, indicating a bullish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 70.19 is Negative, neither overbought nor oversold. The STOCH value of 80.01 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% | |
52 Neutral | HK$2.10B | -33.02 | 439.08% | 2.50% | -41.71% | -4650.00% | |
49 Neutral | HK$197.50M | 15.02 | 1.82% | 7.10% | 28.02% | -68.80% | |
45 Neutral | HK$179.20M | 13.18 | 7.59% | 2.23% | 79.24% | 61.90% | |
44 Neutral | HK$224.00M | 9.52 | 6.28% | 3.57% | -5.52% | -3.29% | |
43 Neutral | HK$161.60M | -1.06 | 848.01% | 1.96% | -25.29% | 7.74% |
* Industrials Sector Average
HK:1826
FDB Holdings Limited
0.88
0.83
1650.00%
HK:1447
SFK Construction Holdings Ltd.
0.56
0.10
21.21%
HK:1547
IBI Group Holdings Limited
0.22
-0.02
-7.82%
HK:1582
CR Construction Group Holdings Limited
0.40
<0.01
1.28%
HK:1615
AB Builders Group Limited
0.42
0.19
82.82%
HK:6816
Prosper Construction Holdings Limited
0.20
<0.01
1.00%
FDB Holdings Limited Corporate Events
FDB Holdings Deploys Rights Issue Funds into First Kazakhstan Power EPC Project
Oct 14, 2026
FDB Holdings Limited has moved to deploy proceeds from its recent rights issue into its first EPC project in Kazakhstan, underscoring a strategic pivot toward overseas expansion. Through its Kazakh subsidiary Dalan Stroy Service LLP, the company w...
FDB Holdings Relocates Hong Kong Head Office to COSCO Tower
Oct 9, 2026
FDB Holdings Limited has relocated its head office and principal place of business in Hong Kong to Unit 4112 on the 41st floor of the High Block at COSCO Tower, Grand Millennium Plaza on Queen’s Road Central, effective 9 October 2026. The co...
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 ...
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.