Standard Development Group Limited (1867) AI Stock Analysis

Standard Development Group Limited

(HKEX:1867)

Select Model

Rating:41Neutral

Price Target:HKD 0.18▼(-7.37% Downside)

Action:upgraded

Date:10/06/26

The score is held down primarily by weak financial performance—sharp multi-year revenue contraction, continued net losses, high leverage, and negative operating/free cash flow—raising funding and downside risk. Technicals add further pressure as the stock trades below major moving averages with negative momentum. Valuation provides limited support due to negative earnings and no dividend yield data.

Positive Factors

Margin and EBITDA RecoveryThe rebound in gross margin and positive EBITDA indicate some operational repair despite the company’s weak top line. If maintained, better project economics could improve earnings conversion, strengthen internal funding capacity, and provide a foundation for recovery over the next several quarters.

Negative Factors

Sharp Revenue ContractionThe steep multi-year revenue decline indicates substantial loss of business scale and weak demand conversion. Lower volume reduces the company’s ability to absorb fixed costs, limits operating leverage, and makes the recent margin improvement less durable unless top-line stabilization or renewed growth emerges.

Standard Development Group Limited (1867) vs. iShares MSCI Hong Kong ETF (EWH)

Market Cap: HKD 283.86M
Dividend Yield: ―
Average Volume (3M): 143.74K
Price to Earnings (P/E): -17.3
Beta (1Y): 0.20
Revenue Growth: -33.88%
EPS Growth: 67.16%
Country: Hong Kong
Employees: 126
Sector: Industrials
Sector Strength: 63
Industry: Engineering & Construction

Standard Development Group Limited Business Overview & Revenue Model

Company Description

Standard Development Group Limited is an investment holding company that engages in construction and engineering-related businesses in Mainland China and Hong Kong. It provides interior fitting-out, renovation, alteration, and addition services for r...

Standard Development Group Limited Financial Statement Overview

Summary

Financials remain weak despite some margin repair: revenue has contracted sharply (HK$661.2M in 2023 to HK$199.0M in 2026) and the company is still loss-making (net margin ~-8.3% in 2026). Balance-sheet risk is elevated with rising leverage (debt-to-equity ~2.95x in 2026) and negative returns (ROE ~-20.6%). Cash flow is pressured, with 2026 operating cash flow turning negative (-HK$17.5M) and free cash flow remaining materially negative (-HK$40.0M).

Income Statement

28Negative

Balance Sheet

22Negative

Cash Flow

18Very Negative

Financial statement breakdown
Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	228.87M	199.03M	301.03M	489.79M	661.23M	306.56M
Gross Profit	19.95M	39.67M	763.00K	3.25M	22.12M	10.18M
EBITDA	-18.35M	15.27M	-30.87M	-16.77M	-4.31M	-19.16M
Net Income	-59.55M	-16.46M	-50.03M	-19.94M	-8.83M	-21.01M
Balance Sheet
Total Assets	428.93M	428.93M	380.56M	291.71M	273.98M	253.75M
Cash, Cash Equivalents and Short-Term Investments	37.08M	37.08M	39.03M	23.93M	153.35M	139.55M
Total Debt	235.68M	235.68M	187.58M	75.30M	16.55M	16.34M
Total Liabilities	343.06M	343.06M	277.31M	137.32M	104.66M	108.43M
Stockholders Equity	79.78M	79.78M	94.63M	144.81M	169.32M	145.32M
Cash Flow
Free Cash Flow	-87.13M	-36.51M	-90.42M	-125.45M	-18.44M	72.11M
Operating Cash Flow	-21.71M	-13.94M	17.84M	-56.69M	-17.54M	74.47M
Investing Cash Flow	-27.53M	-22.56M	-108.24M	-90.48M	-907.00K	-2.36M
Financing Cash Flow	37.10M	33.61M	105.48M	24.62M	33.62M	35.97M

Standard Development Group Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price0.19

Price Trends

50DMA0.21Negative

100DMA0.21Negative

200DMA0.22Negative

Market Momentum

MACD-0.00Negative

RSI43.06Neutral

STOCH83.33Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1867, the sentiment is Negative. The current price of 0.19 is below the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.21, and below the 200-day MA of 0.22, indicating a bearish trend. The MACD of -0.00 indicates Negative momentum. The RSI at 43.06 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1867.

Standard Development Group Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

HK:1867 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HK:1650	76Outperform	HKD 340.00M	30.78	6.98%	5.46%	12.20%	7.84%
HK:1568	71Outperform	HKD 1.32B	4.61	7.71%	8.26%	1.92%	-2.09%
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
HK:3893	46Neutral	HKD 1.41B	-1.97	436.38%	―	17.87%	-306.00%
HK:1376	42Neutral	HKD 96.00M	26.07	-40.37%	―	―	―
HK:1867	41Neutral	HKD 283.86M	-17.27	-32.10%	―	-33.88%	67.16%
HK:8455	19Underperform	HKD 23.04M	-1.65	423.51%	―	9.01%	38.27%

* Industrials Sector Average

Performance Comparison

HK:1867 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:1867	Standard Development Group Limited	0.19	-0.09	-32.14%
HK:1376	Raffles Interior Ltd.	0.10	-0.14	-59.66%
HK:1568	Sundart Holdings Ltd.	0.60	-0.07	-10.64%
HK:1650	Hygieia Group Limited	0.17	0.09	104.82%
HK:3893	CROSSTEC Group Holdings Ltd.	1.33	0.45	51.70%
HK:8455	Lai Group Holding Co Ltd	0.02	-0.03	-52.00%

Standard Development Group Limited Corporate Events

Standard Development Group Shareholders Approve All AGM Resolutions

Sep 30, 2026

Standard Development Group Limited reported that all resolutions proposed at its annual general meeting on 30 September 2026 were passed by shareholders through a poll. The meeting, attended by all directors in person or electronically, endorsed the...

Standard Development Group Sets 2026 AGM to Approve Results and Share Issue Mandate

Sep 3, 2026

Standard Development Group Limited, a Cayman Islands-incorporated company listed in Hong Kong under stock code 1867, operates with a conventional Hong Kong corporate governance structure featuring executive and independent non-executive directors and...

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: Oct 06, 2026

Standard Development Group Limited AI Stock Analysis