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Dalipal Holdings Limited
(1921)
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Rating:48Neutral
Price Target:
HK$3.50
▼(-52.89% Downside)
Action:Reiterated
Date:08/17/26
The score is weighed down primarily by weaker financial quality (thin margins, elevated/rising leverage, and negative recent free cash flow) and very expensive valuation (P/E ~255). Technicals are supportive in the near term (price above key moving averages and positive MACD), but overbought momentum signals (high RSI/Stochastic) temper the outlook.
Positive Factors
Revenue rebound
The strong 2025 revenue rebound indicates renewed demand and improved commercial activity after a weaker period. If sustained, this top-line expansion can broaden operating scale, support customer and market-position gains, and provide a foundation for improved earnings over the next several quarters.
Negative Factors
Thin profitability
A net margin of roughly 0.4% leaves very little room to absorb cost increases, execution setbacks, or weaker industry conditions. Thin profitability also limits retained cash generation and makes stronger revenue growth less valuable unless the company can sustainably improve its operating margin.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
The strong 2025 revenue rebound indicates renewed demand and improved commercial activity after a weaker period. If sustained, this top-line expansion can broaden operating scale, support customer and market-position gains, and provide a foundation for improved earnings over the next several quarters.
Read all positive factors
Dalipal Holdings Limited (1921) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$5.42B
Dividend Yield0.72%
Average Volume (3M)1.49M
Price to Earnings (P/E)280.9
Beta (1Y)0.09
Revenue Growth2.40%
EPS GrowthN/A
CountryHK
Employees1,908
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.01
Shares Outstanding1,581,118,000
10 Day Avg. Volume1,158,200
30 Day Avg. Volume1,494,762
Financial Highlights & Ratios
PEG Ratio-5.97
Price to Book (P/B)7.12
Price to Sales (P/S)2.77
P/FCF Ratio-36.54
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)0.18
Revenue Forecast (FY)HK$5.07B
Dalipal Holdings Limited Business Overview & Revenue Model
Company Description
Dalipal Holdings Limited functions as an investment holding company, with its core business revolving around the creation, production, and distribution of key oilfield products. These offerings include oil country tubular goods (OCTG), various oth...
Dalipal Holdings Limited Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
45
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.39B | 3.46B | 3.29B | 3.85B | 4.23B | 3.76B |
| Gross Profit | 387.91M | 357.27M | 263.36M | 528.18M | 610.93M | 417.51M |
| EBITDA | 217.01M | 213.04M | 133.26M | 368.23M | 396.66M | 322.36M |
| Net Income | 14.76M | 13.72M | -77.07M | 134.52M | 151.58M | 82.94M |
Balance Sheet | ||||||
| Total Assets | 5.28B | 4.78B | 4.51B | 4.13B | 4.19B | 4.75B |
| Cash, Cash Equivalents and Short-Term Investments | 504.42M | 404.42M | 412.14M | 432.59M | 464.89M | 551.61M |
| Total Debt | 2.88B | 2.61B | 2.22B | 1.78B | 1.95B | 2.47B |
| Total Liabilities | 3.68B | 3.43B | 3.19B | 2.67B | 2.78B | 3.40B |
| Stockholders Equity | 1.60B | 1.35B | 1.32B | 1.46B | 1.40B | 1.35B |
Cash Flow | ||||||
| Free Cash Flow | 99.96M | -262.57M | -318.04M | 308.24M | 681.20M | -370.97M |
| Operating Cash Flow | 314.05M | 420.26M | 10.92M | 434.97M | 764.14M | -286.31M |
| Investing Cash Flow | -212.97M | -676.55M | -292.54M | -147.98M | -79.10M | -26.33M |
| Financing Cash Flow | -69.26M | 144.31M | 271.89M | -318.36M | -739.51M | 431.50M |
Dalipal Holdings Limited Technical Analysis
Negative
7.43
Price Trends
3.57
Negative
3.60
Negative
5.07
Negative
Market Momentum
-0.10
Positive
39.13
Neutral
21.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1921, the sentiment is Negative. The current price of 7.43 is above the 20-day moving average (MA) of 3.74, above the 50-day MA of 3.57, and above the 200-day MA of 5.07, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 39.13 is Neutral, neither overbought nor oversold. The STOCH value of 21.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1921.
Dalipal Holdings Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$2.73B | 7.33 | 8.59% | 4.60% | 11.66% | 11.67% | |
66 Neutral | HK$17.12B | 12.90 | 8.76% | 3.88% | 6.18% | -5.47% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | HK$56.90B | 15.27 | 8.30% | 4.22% | 6.80% | 14.80% | |
60 Neutral | HK$448.94M | -1,300.00 | -0.18% | 2.03% | -12.54% | 98.82% | |
48 Neutral | HK$5.42B | 280.91 | 1.00% | 0.72% | 2.40% | ― | |
44 Neutral | HK$6.28B | -2,250.00 | -0.56% | 2.15% | 48.39% | 98.65% |
* Energy Sector Average
HK:1921
Dalipal Holdings Limited
3.35
-2.95
-46.83%
HK:3337
Anton Oilfield Services Group
0.93
-0.34
-26.94%
HK:2883
China Oilfield Services
7.66
0.97
14.55%
HK:3899
CIMC Enric Holdings
8.00
0.61
8.26%
HK:0568
Shandong Molong Petroleum Machinery
4.83
0.61
14.45%
HK:2178
Petro-king Oilfield Services Ltd.
0.26
0.19
271.43%
Dalipal Holdings Limited Corporate Events
Dalipal Narrows Loss on Stronger Margins Despite Lower Revenue
Aug 28, 2026
Dalipal Holdings Limited reported interim results for the six months ended 30 June 2026, showing revenue of RMB1.64 billion, down 2.9% year on year, while gross profit improved 21.7% to RMB185.9 million as cost of sales declined. The company remai...
Dalipal Holdings Revamps Key Governance Roles in Hong Kong
Aug 28, 2026
Dalipal Holdings Limited has announced changes to key governance roles within its Hong Kong operations, with company secretary and authorised representative Mr. Lau Ying Kit resigning effective 1 September 2026. The board noted that Mr. Lau leaves...
Dalipal Secures 25-Year Saudi Industrial Lease for Major Manufacturing Expansion
Aug 24, 2026
Dalipal Holdings Limited, a Cayman-incorporated industrial manufacturer listed on the Hong Kong Stock Exchange, is expanding its international manufacturing presence through a wholly owned subsidiary in Saudi Arabia. The group is targeting energy-...
Dalipal Sets Board Meeting to Review Interim Results and Dividend
Aug 14, 2026
Dalipal Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong under stock code 1921, is led by a mixed board of executive, non-executive and independent non-executive directors, with Chairman and Executive Director Meng Fany...
Dalipal advances Saudi Dammam project with local engineering deal
Jul 6, 2026
Dalipal Holdings Limited has advanced its Middle East expansion strategy by securing key utility quotas from Saudi Arabia’s Ministry of Energy for its Dammam project and appointing Dalipal International for Industry as the project vehicle. T...
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.