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Huabang Technology Holdings Limited
(3638)
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Rating:59Neutral
Price Target:
HK$1.50
â–¼(-89.04% Downside)
Action:Reiterated
Date:10/29/26
The score is driven primarily by improving financial performance (profitability turning positive, stronger balance sheet, and a sharp jump in operating/free cash flow), but is materially weighed down by very weak technicals (price well below all major moving averages with negative MACD). Low P/E supports the score, though financial and cash-flow volatility and still-negative EBIT keep overall risk elevated.
Positive Factors
2026 earnings rebound
The latest period shows a broad operating rebound, with strong revenue expansion, positive net income, and materially higher gross margin. If these improvements persist, they can strengthen internal funding capacity and provide a more durable base for rebuilding profitability over the next several quarters.
Negative Factors
Negative operating profit
Despite positive net income, negative EBIT shows that core operations have not yet established consistent profitability. A near-breakeven EBITDA margin leaves limited operating cushion, so the earnings recovery may remain vulnerable if revenue growth slows or operating costs rise.
Read all positive and negative factors
Positive Factors
Negative Factors
2026 earnings rebound
The latest period shows a broad operating rebound, with strong revenue expansion, positive net income, and materially higher gross margin. If these improvements persist, they can strengthen internal funding capacity and provide a more durable base for rebuilding profitability over the next several quarters.
Read all positive factors
Huabang Technology Holdings Limited (3638) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$44.81M
Dividend Yield0.09%
Average Volume (3M)28.56K
Price to Earnings (P/E)3.4
Beta (1Y)0.91
Revenue Growth-4.25%
EPS GrowthN/A
CountryHK
Employees108
SectorIndustrials
Sector Strength72
IndustryTechnology Distributors
Share Statistics
EPS (TTM)0.37
Shares Outstanding76,948,780
10 Day Avg. Volume27,100
30 Day Avg. Volume28,563
Financial Highlights & Ratios
PEG Ratio-0.19
Price to Book (P/B)3.28
Price to Sales (P/S)3.09
P/FCF Ratio5.15
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
Huabang Technology Holdings Limited Business Overview & Revenue Model
Company Description
Hunlicar Group Limited, an investment holding company, engages in the computer and electronic products trading business in Hong Kong and the People's Republic of China. It operates through three segments: Computer and Electronic Products Trading B...
How the Company Makes Money
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Huabang Technology Holdings Limited Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
63
Positive
Cash Flow
72
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 228.83M | 238.98M | 357.11M | 456.56M | 1.70B |
| Gross Profit | 88.64M | 97.75M | 14.20M | -53.84M | -207.02M |
| EBITDA | 294.00K | -48.91M | 38.70M | -89.61M | -242.34M |
| Net Income | 28.17M | -76.09M | 14.76M | -127.61M | -241.02M |
Balance Sheet | |||||
| Total Assets | 669.87M | 559.69M | 478.16M | 437.89M | 514.77M |
| Cash, Cash Equivalents and Short-Term Investments | 279.03M | 22.93M | 67.92M | 74.56M | 78.16M |
| Total Debt | 93.66M | 93.61M | 132.66M | 184.57M | 177.37M |
| Total Liabilities | 423.33M | 361.56M | 198.92M | 251.60M | 220.07M |
| Stockholders Equity | 215.35M | 192.91M | 282.97M | 179.94M | 285.98M |
Cash Flow | |||||
| Free Cash Flow | 137.35M | -580.00K | 38.17M | -4.57M | 22.83M |
| Operating Cash Flow | 145.65M | 1.57M | 39.03M | -785.00K | 23.28M |
| Investing Cash Flow | -8.88M | 5.04M | -19.26M | -10.44M | 120.59M |
| Financing Cash Flow | -20.10M | -52.80M | 16.54M | -4.38M | -165.24M |
Huabang Technology Holdings Limited Technical Analysis
Negative
13.68
Price Trends
2.99
Negative
5.33
Negative
7.91
Negative
Market Momentum
-0.44
Positive
10.26
Positive
14.07
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3638, the sentiment is Negative. The current price of 13.68 is above the 20-day moving average (MA) of 2.22, above the 50-day MA of 2.99, and above the 200-day MA of 7.91, indicating a bearish trend. The MACD of -0.44 indicates Positive momentum. The RSI at 10.26 is Positive, neither overbought nor oversold. The STOCH value of 14.07 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3638.
Huabang Technology Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | HK$44.81M | 3.40 | 13.85% | 0.09% | -4.25% | ― | |
44 Neutral | HK$578.93M | -4.79 | -32.24% | 2.94% | 5.37% | -206.61% | |
43 Neutral | HK$1.65B | -23.69 | 88.11% | 2.03% | 3.00% | 6.72% | |
40 Underperform | HK$1.78B | -1.45 | -29.05% | 3.94% | -2.67% | -127.19% | |
40 Underperform | HK$47.48M | -7.04 | -424.45% | 1.02% | -26.68% | -37.04% | |
34 Underperform | HK$442.99M | -18.64 | -17.54% | 3.45% | -4.56% | 14.91% |
* Industrials Sector Average
HK:3638
Huabang Technology Holdings Limited
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Huabang Technology Holdings Limited Corporate Events
Hunlicar Group Names CEO Chan Wing Sum Acting Chairman to Bolster Governance
Sep 11, 2026
Hunlicar Group Limited has appointed existing Executive Director and Chief Executive Officer Mr Chan Wing Sum as acting chairman of the board and chairman of its executive committee, effective 11 September 2026. Chan brings nearly two decades of a...
Huabang Technology Details Board and Committee Structure
Sep 11, 2026
Huabang Technology Holdings Limited has outlined its current board composition, naming Chan Wing Sum as acting chairman and chief executive officer alongside two other executive directors and three independent non-executive directors. The disclosu...
Huabang Technology Shareholders Approve AGM Resolutions but Reject Director’s Re-election
Sep 7, 2026
Huabang Technology Holdings Limited reported the poll results of its annual general meeting held on 7 September 2026, where shareholders voted on a slate of ordinary resolutions covering governance and capital management. The company confirmed tha...
Hunlicar Group Reschedules AGM and Adjusts Share Register Closure
Aug 14, 2026
Hunlicar Group Limited has rescheduled its annual general meeting, originally planned for 24 September 2026, to 7 September 2026, and moved the venue to Room 901, Lee Garden One, 33 Hysan Avenue, Hong Kong. The change is attributed to administrati...
Hunlicar Group Seeks to Reappoint Baker Tilly as Auditor With Stable Fee Range
Aug 13, 2026
Hunlicar Group Limited has issued a supplemental announcement to its AGM circular, clarifying plans for the re-appointment of Baker Tilly Hong Kong Limited as auditor for the financial year ending 31 March 2027. The move underscores continuity in ...
Hunlicar Group Sets 2026 AGM to Approve Governance Matters and Share Issuance Mandate
Jul 30, 2026
Hunlicar Group Limited has convened its annual general meeting for 24 September 2026 in Hong Kong, where shareholders will review the audited consolidated financial statements for the year ended 31 March 2026 and consider key governance matters. 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.