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KPa-BM Holdings Ltd
(2663)
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Rating:56Neutral
Price Target:
HK$0.40
â–²(43.57% Upside)
Action:Reiterated
Date:09/16/26
The score is driven mainly by weakening operating performance and volatile FY2026 cash flow, partially offset by a low-leverage balance sheet. Technicals are notably bearish (price below key moving averages with negative MACD), while valuation is moderately supportive due to the strong dividend yield and a mid-range P/E.
Positive Factors
Low leverage
The conservatively levered balance sheet gives KPa-BM meaningful financial flexibility in a cyclical contracting environment. Low debt reduces pressure from interest obligations and leaves greater capacity to withstand weaker activity, fund operations, or pursue opportunities over the next several quarters.
Negative Factors
Revenue contraction
The sharp FY2026 revenue contraction signals weaker demand or project activity and reduces the scale from which KPa-BM can generate profits. A smaller revenue base can also limit operating leverage, make overhead absorption harder, and prolong the time needed to restore prior earnings capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
The conservatively levered balance sheet gives KPa-BM meaningful financial flexibility in a cyclical contracting environment. Low debt reduces pressure from interest obligations and leaves greater capacity to withstand weaker activity, fund operations, or pursue opportunities over the next several quarters.
Read all positive factors
KPa-BM Holdings Ltd (2663) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$208.85M
Dividend Yield8%
Average Volume (3M)1.01M
Price to Earnings (P/E)15.8
Beta (1Y)0.10
Revenue Growth-41.26%
EPS Growth-64.71%
CountryHK
Employees214
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.01
Shares Outstanding556,930,000
10 Day Avg. Volume662,000
30 Day Avg. Volume1,006,666
Financial Highlights & Ratios
PEG Ratio-0.19
Price to Book (P/B)0.60
Price to Sales (P/S)0.40
P/FCF Ratio9.60
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
KPa-BM Holdings Ltd Business Overview & Revenue Model
Company Description
KPa-BM Holdings Limited functions as an investment holding company, predominantly engaged in providing structural engineering solutions. The firm concentrates specifically on design-and-build projects for both private and government entities, prim...
KPa-BM Holdings Ltd Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
74
Positive
Cash Flow
48
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 392.24M | 667.71M | 666.04M | 568.49M | 494.17M |
| Gross Profit | 68.88M | 107.09M | 115.23M | 100.77M | 60.71M |
| EBITDA | 19.64M | 52.49M | 68.52M | 56.18M | 25.80M |
| Net Income | 12.76M | 36.16M | 46.38M | 37.15M | 11.51M |
Balance Sheet | |||||
| Total Assets | 385.72M | 437.82M | 526.63M | 497.98M | 402.13M |
| Cash, Cash Equivalents and Short-Term Investments | 112.23M | 119.97M | 170.23M | 124.94M | 105.40M |
| Total Debt | 20.99M | 12.98M | 18.76M | 54.77M | 16.22M |
| Total Liabilities | 126.60M | 176.42M | 234.28M | 234.18M | 154.76M |
| Stockholders Equity | 259.11M | 261.40M | 292.35M | 263.79M | 247.37M |
Cash Flow | |||||
| Free Cash Flow | 16.25M | 32.06M | 106.85M | 3.67M | 6.14M |
| Operating Cash Flow | 21.61M | 33.07M | 109.48M | 4.65M | 7.44M |
| Investing Cash Flow | -5.36M | -381.00K | 7.55M | -11.11M | 20.46M |
| Financing Cash Flow | -24.36M | -83.02M | -61.23M | 15.78M | -38.75M |
KPa-BM Holdings Ltd Technical Analysis
Negative
0.28
Price Trends
0.47
Negative
0.41
Negative
0.34
Positive
Market Momentum
-0.02
Positive
23.54
Positive
17.46
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2663, the sentiment is Negative. The current price of 0.28 is below the 20-day moving average (MA) of 0.46, below the 50-day MA of 0.47, and below the 200-day MA of 0.34, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 23.54 is Positive, neither overbought nor oversold. The STOCH value of 17.46 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2663.
KPa-BM Holdings Ltd Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | HK$205.22M | 6.70 | 22.32% | 21.13% | -39.08% | 1675.00% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | HK$305.00M | 22.43 | 1.82% | 5.41% | 28.02% | -68.80% | |
56 Neutral | HK$208.85M | 15.76 | 5.14% | 8.00% | -41.26% | -64.71% | |
53 Neutral | HK$212.00M | 9.01 | 6.28% | 3.77% | -5.52% | -3.29% |
* Industrials Sector Average
HK:2663
KPa-BM Holdings Ltd
0.38
0.05
17.19%
HK:1408
Macau E&M Holding Limited
0.39
0.16
71.05%
HK:1447
SFK Construction Holdings Ltd.
0.53
0.05
10.19%
HK:1582
CR Construction Group Holdings Limited
0.59
0.19
49.37%
HK:1615
AB Builders Group Limited
0.40
0.17
75.44%
HK:1690
Lap Kei Engineering (Holdings) Limited
0.14
0.09
167.92%
KPa-BM Holdings Ltd Corporate Events
KPa-BM Holdings Wins Unanimous Shareholder Backing at 2026 AGM
Aug 14, 2026
KPa-BM Holdings Ltd announced that all resolutions proposed at its annual general meeting on 14 August 2026 were approved by shareholders through poll voting. All directors attended the meeting in person, and no shareholders were required to absta...
KPa-BM Sets August 2026 AGM to Renew Share Issuance Mandate and Board Appointments
Jul 23, 2026
KPa-BM Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, maintains a conventional governance framework for a small-cap listed entity. The Board comprises executive and independent non-executive directors, and the compan...
KPa-BM Posts Profit Slump, Scraps Final Dividend Amid Revenue Slide
Jun 26, 2026
KPa-BM Holdings reported a sharp revenue decline for the year ended 31 March 2026, with sales falling to HK$392.2 million from HK$667.7 million and profit dropping to HK$12.8 million from HK$36.2 million, although gross margin improved to 17.6% fr...
KPa-BM Holdings Schedules Board Meeting to Approve 2026 Final Results and Dividend
Jun 16, 2026
KPa-BM Holdings Ltd has scheduled a board meeting for 26 June 2026 to review and approve the consolidated final results for the financial year ended 31 March 2026. The directors will also consider the declaration of a dividend, which may affect sh...
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.