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JBB Builders International Ltd.
(1903)
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Rating:48Neutral
Price Target:
HK$2.00
â–²(7.53% Upside)
Action:Reiterated
Date:10/21/26
The score is held up mainly by a strong, low-leverage balance sheet and improved 2026 cash flow, but is weighed down by weak technicals (price below all major moving averages with negative MACD) and limited valuation clarity due to a negative P/E and no dividend yield data. Persistently thin margins and inconsistent profitability remain the key fundamental risk.
Positive Factors
Low Leverage
Extremely low leverage gives JBB Builders a substantial financial cushion in a cyclical construction environment. The sizable equity base relative to assets can support resilience during weaker contract conditions and preserves flexibility to fund operations without significant debt servicing pressure.
Negative Factors
Persistently Thin Margins
Very low gross margins leave limited room to absorb project overruns, cost increases, or execution setbacks. This constrains the amount of revenue that can convert into profit and makes sustainable earnings improvement dependent on consistently disciplined project management.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Extremely low leverage gives JBB Builders a substantial financial cushion in a cyclical construction environment. The sizable equity base relative to assets can support resilience during weaker contract conditions and preserves flexibility to fund operations without significant debt servicing pressure.
Read all positive factors
JBB Builders International Ltd. (1903) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$992.50M
Dividend Yield1.67%
Average Volume (3M)53.07K
Price to Earnings (P/E)―
Beta (1Y)0.72
Revenue Growth4.76%
EPS Growth-144.68%
CountryHK
Employees71
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding500,000,000
10 Day Avg. Volume60,400
30 Day Avg. Volume53,066
Financial Highlights & Ratios
PEG Ratio10.07
Price to Book (P/B)5.65
Price to Sales (P/S)1.68
P/FCF Ratio45.57
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
JBB Builders International Ltd. Business Overview & Revenue Model
Company Description
JBB Builders International Limited functions as an engineering contractor, providing a comprehensive range of marine construction, building, and infrastructure solutions to developers and other contractors throughout Malaysia and Singapore. Its ma...
JBB Builders International Ltd. Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
78
Positive
Cash Flow
54
Neutral
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 411.23M | 426.98M | 329.33M | 217.78M | 512.30M |
| Gross Profit | 14.27M | 17.67M | 8.33M | 12.29M | 29.16M |
| EBITDA | ― | ― | 4.68M | -4.99M | 19.00M |
| Net Income | -534.00K | 1.33M | 2.99M | -8.23M | 12.53M |
Balance Sheet | |||||
| Total Assets | 268.45M | 296.82M | 276.81M | 218.87M | 294.79M |
| Cash, Cash Equivalents and Short-Term Investments | 116.07M | 77.15M | 94.09M | 89.08M | 91.22M |
| Total Debt | 372.16K | 7.08M | 11.18M | 14.58M | 14.17M |
| Total Liabilities | 145.71M | 165.16M | 140.46M | 85.54M | 155.53M |
| Stockholders Equity | 122.19M | 124.96M | 129.15M | 125.53M | 129.97M |
Cash Flow | |||||
| Free Cash Flow | 15.14M | -25.80M | -184.00K | -15.19M | -3.85M |
| Operating Cash Flow | 15.21M | -24.67M | 42.00K | -15.01M | -3.74M |
| Investing Cash Flow | 28.50M | 4.98M | 20.97M | 4.55M | -1.07M |
| Financing Cash Flow | -6.60M | -7.77M | -4.92M | -2.27M | 2.21M |
JBB Builders International Ltd. Technical Analysis
Negative
1.86
Price Trends
2.15
Negative
2.39
Negative
2.45
Negative
Market Momentum
-0.05
Negative
47.65
Neutral
97.34
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1903, the sentiment is Negative. The current price of 1.86 is below the 20-day moving average (MA) of 1.96, below the 50-day MA of 2.15, and below the 200-day MA of 2.45, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 47.65 is Neutral, neither overbought nor oversold. The STOCH value of 97.34 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1903.
JBB Builders International Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | HK$1.73B | 3.76 | 15.72% | 12.19% | -12.79% | -0.62% | |
67 Neutral | HK$45.85B | 5.36 | 10.83% | 7.08% | -14.20% | -12.79% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
51 Neutral | HK$1.48B | 16.04 | 0.59% | 3.46% | 8.21% | -57.24% | |
48 Neutral | HK$992.50M | -935.84 | -0.44% | 1.67% | 4.76% | -144.68% | |
43 Neutral | HK$316.56M | -0.35 | -31.01% | 7.32% | -22.33% | -203.23% | |
42 Neutral | HK$216.84M | -1.07 | -15.28% | 5.18% | 13.50% | -106.11% |
* Industrials Sector Average
HK:1903
JBB Builders International Ltd.
1.99
0.20
10.89%
HK:0240
Build King Holdings
1.39
>-0.01
-0.43%
HK:3311
China State Construction International Holdings
8.68
0.33
3.90%
HK:0896
Hanison Construction Holdings
0.30
0.05
19.43%
HK:0406
Yau Lee Holdings Limited
0.50
-0.20
-29.29%
HK:2355
Baoye Group Co., Ltd. Class H
2.84
-1.18
-29.34%
JBB Builders International Ltd. Corporate Events
JBB Builders Sets 2026 AGM to Approve Director Mandates and Share Issuance Authority
Oct 15, 2026
JBB Builders International Ltd. has convened its annual general meeting for 18 November 2026 in Johor Bahru, Malaysia, where shareholders will review the audited consolidated financial statements for the year ended 30 June 2026 and the accompanyin...
JBB Builders International Refreshes Company Secretary and Governance Roles
Oct 9, 2026
JBB Builders International Ltd. has announced a change in key corporate governance roles, with company secretary, authorised representative and Hong Kong process agent Ms. Lam Lam stepping down effective 9 October 2026. The board noted that Ms. La...
JBB Builders International Swings to Loss as Margins Narrow in 2026
Sep 24, 2026
JBB Builders International reported audited results for the year to 30 June 2026 showing a slight decline in revenue to RM412.8 million from RM427.0 million, with gross profit slipping to RM14.8 million and margin narrowing to 3.6%. The company...
JBB Builders Issues Profit Warning as Marine Projects Slow
Sep 15, 2026
JBB Builders International Ltd., incorporated in the Cayman Islands and listed in Hong Kong, operates in the marine construction and infrastructure sector. The Group’s activities include marine transportation, reclamation and related works, ...
JBB Builders Sets Board Meeting to Approve 2026 Annual Results and Consider Dividend
Sep 7, 2026
JBB Builders International Ltd., a Cayman Islands-incorporated construction and engineering group listed on the Hong Kong Stock Exchange, provides building and infrastructure services through its subsidiaries. Its diversified board includes execut...
JBB Builders International reshapes board with new independent director
Jul 23, 2026
JBB Builders International Ltd. has appointed corporate finance specialist Mr. Tam Ka Hei Raymond as an independent non-executive director, effective 23 July 2026, alongside his roles on the audit and nomination committees. His extensive experienc...
JBB Builders International Sets Out Board and Committee Structure
Jul 23, 2026
JBB Builders International has outlined the current composition of its board of directors, detailing the mix of executive, non-executive and independent non-executive members and confirming leadership roles, including the chairman and lead indepen...
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.