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JBB Builders International Ltd. (1903) AI Stock Analysis

HK:1903

JBB Builders International Ltd.

(HKEX:1903)

Select Model
Rating:45Neutral
Price Target:HKD 2.00â–²(5.26% Upside)
Action:reiterated
Date:10/21/26

Mixed financial performance driven by a strong balance sheet offset by weak profitability and cash flow volatility is the primary factor. Bearish technical indicators and unattractive valuation due to negative P/E further limit the score.

Positive Factors
Low LeverageExtremely 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 MarginsVery 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.

JBB Builders International Ltd. (1903) vs. iShares MSCI Hong Kong ETF (EWH)

-50%-25%0%25%50%75%HK:1903+0.53%EWH+8.19%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
HKD 925.00M
Dividend Yield
―
Average Volume (3M)
65.72K
Price to Earnings (P/E)
-897.1
Beta (1Y)
0.72
Revenue Growth
4.76%
EPS Growth
-144.68%
Country
Hong Kong
Employees
71
Sector
Industrials
Sector Strength
63
Industry
Engineering & Construction

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 marin...

JBB Builders International Ltd. Financial Statement Overview

Summary

Strong balance sheet with minimal debt provides stability, but this is offset by volatile revenue, thin margins, and inconsistent cash flows.

Income Statement

32Negative

Balance Sheet

88Very Positive

Cash Flow

38Negative
Financial statement breakdown
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue414.97M411.23M426.98M329.33M217.78M141.04M
Gross Profit14.66M14.27M17.67M8.33M12.29M6.68M
EBITDA-3.25M――4.68M-4.99M-6.46M
Net Income-542.37K-534.00K1.33M2.99M-8.23M-9.42M
Balance Sheet
Total Assets268.45M268.45M296.82M276.81M218.87M269.87M
Cash, Cash Equivalents and Short-Term Investments116.07M116.07M77.15M94.09M89.08M91.56M
Total Debt372.16K372.16K7.08M11.18M14.58M11.38M
Total Liabilities145.71M145.71M165.16M140.46M85.54M147.50M
Stockholders Equity122.19M122.19M124.96M129.15M125.53M114.05M
Cash Flow
Free Cash Flow15.10M15.14M-25.80M-184.00K-15.19M3.50M
Operating Cash Flow15.16M15.21M-24.67M42.00K-15.01M3.79M
Investing Cash Flow29.09M28.50M4.98M20.97M4.55M-1.98M
Financing Cash Flow-6.72M-6.60M-7.77M-4.92M-2.27M9.63M

JBB Builders International Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price1.90

Price Trends

50DMA2.13Negative
100DMA2.39Negative
200DMA2.45Negative

Market Momentum

MACD-0.05Negative
RSI41.39Neutral
STOCH90.17Negative

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 1.90 is below the 20-day moving average (MA) of 1.94, below the 50-day MA of 2.13, and below the 200-day MA of 2.45, indicating a bearish trend. The MACD of -0.05 indicates Negative momentum. The RSI at 41.39 is Neutral, neither overbought nor oversold. The STOCH value of 90.17 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

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

HK:1903 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:0240HK:024084OutperformHKD 1.73B3.7815.72%12.10%-12.79%-0.62%
HK:3311HK:331174OutperformHKD 45.85B5.3510.83%7.09%-14.20%-12.79%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
HK:2355HK:235551NeutralHKD 1.48B16.020.59%3.46%8.21%-57.24%
HK:0896HK:089647NeutralHKD 316.56M-0.35-31.01%―-22.33%-203.23%
HK:1903HK:190345NeutralHKD 992.50M-897.11-0.44%―4.76%-144.68%
HK:0406HK:040634UnderperformHKD 216.84M-1.07-15.28%―13.50%-106.11%

* Industrials Sector Average

Performance Comparison

-25%0%25%50%75%HK:1903HK:0240HK:3311HK:0896HK:0406HK:2355Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
HK:1903 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:1903JBB Builders International Ltd.1.900.116.15%
HK:0240Build King Holdings1.400.053.63%
HK:3311China State Construction International Holdings 8.670.182.07%
HK:0896Hanison Construction Holdings 0.290.0519.43%
HK:0406Yau Lee Holdings Limited0.49-0.20-29.29%
HK:2355Baoye Group Co., Ltd. Class H2.83-1.18-29.46%

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 accompanying d...

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. Lam h...

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&#8217...

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, as...

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 executive...

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 experience a...

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 independen...

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 21, 2026