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Ching Lee Holdings Ltd.
(3728)
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Rating:53Neutral
Price Target:
HK$0.06
▲(3.33% Upside)
Action:Reiterated
Date:10/21/26
The score is held back primarily by weakening FY2026 financial performance (revenue drop, margin compression, and lower free cash flow), partially offset by improving leverage. Technicals are broadly neutral with limited momentum, while the low P/E provides some valuation support.
Positive Factors
Improving Leverage
The substantial reduction in debt relative to equity improves financial flexibility and lowers balance-sheet pressure. For a cyclical construction business, this provides a stronger base for managing periods of weaker activity, although leverage remains meaningful and still requires disciplined capital management.
Negative Factors
Revenue Contraction
The sharp FY2026 revenue decline signals a meaningful slowdown in business activity or project conversion after several years of growth. Sustained lower revenue would reduce operating scale, weaken overhead absorption, and make recovery in earnings dependent on renewed project wins and execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Leverage
The substantial reduction in debt relative to equity improves financial flexibility and lowers balance-sheet pressure. For a cyclical construction business, this provides a stronger base for managing periods of weaker activity, although leverage remains meaningful and still requires disciplined capital management.
Read all positive factors
Ching Lee Holdings Ltd. (3728) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$58.75M
Dividend Yield3.8%
Average Volume (3M)174.67K
Price to Earnings (P/E)5.6
Beta (1Y)0.46
Revenue Growth14.45%
EPS Growth-25.81%
CountryHK
Employees146
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.01
Shares Outstanding1,013,000,000
10 Day Avg. Volume294,000
30 Day Avg. Volume174,666
Financial Highlights & Ratios
PEG Ratio-0.34
Price to Book (P/B)0.42
Price to Sales (P/S)0.04
P/FCF Ratio3.01
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
Ching Lee Holdings Ltd. Business Overview & Revenue Model
Company Description
Ching Lee Holdings Limited operates primarily as an investment holding firm, providing construction, consulting, and project management services across Hong Kong. Its operational scope includes a variety of building endeavors, specifically foundat...
Ching Lee Holdings Ltd. Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
54
Neutral
Cash Flow
49
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.47B | 1.28B | 896.69M | 708.78M | 536.50M |
| Gross Profit | 70.81M | 87.05M | 76.58M | 71.67M | 24.24M |
| EBITDA | 17.94M | 28.43M | 26.75M | 23.33M | -14.59M |
| Net Income | 7.01M | 9.42M | 10.69M | 11.56M | -18.16M |
Balance Sheet | |||||
| Total Assets | 625.33M | 633.14M | 580.86M | 582.41M | 321.80M |
| Cash, Cash Equivalents and Short-Term Investments | 55.22M | 50.11M | 68.01M | 57.37M | 32.28M |
| Total Debt | 120.82M | 133.08M | 166.16M | 140.29M | 70.20M |
| Total Liabilities | 481.69M | 496.46M | 453.85M | 465.86M | 217.06M |
| Stockholders Equity | 143.64M | 136.68M | 127.01M | 116.55M | 104.74M |
Cash Flow | |||||
| Free Cash Flow | 20.19M | 38.63M | -29.68M | -10.99M | -9.16M |
| Operating Cash Flow | 20.95M | 40.39M | -28.57M | -10.62M | -9.16M |
| Investing Cash Flow | -995.00K | 13.52M | 717.00K | -19.79M | 7.34M |
| Financing Cash Flow | -14.85M | -46.80M | 13.86M | 60.16M | -29.47M |
Ching Lee Holdings Ltd. Technical Analysis
Negative
0.06
Price Trends
0.06
Negative
0.06
Negative
0.06
Negative
Market Momentum
>-0.01
Negative
48.10
Neutral
80.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3728, the sentiment is Negative. The current price of 0.06 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.06, and below the 200-day MA of 0.06, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.10 is Neutral, neither overbought nor oversold. The STOCH value of 80.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3728.
Ching Lee Holdings 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% | |
74 Outperform | HK$91.98M | 1.63 | 10.81% | 10.96% | -5.20% | 420.03% | |
67 Neutral | HK$86.00M | 15.64 | 3.13% | 6.37% | 9.25% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
53 Neutral | HK$58.75M | 5.62 | 7.43% | 3.80% | 14.45% | -25.81% | |
51 Neutral | HK$106.67M | -1.20 | -4.67% | 6.67% | -10.46% | -582.88% |
* Industrials Sector Average
HK:3728
Ching Lee Holdings Ltd.
0.06
>-0.01
-7.94%
HK:0240
Build King Holdings
1.39
0.01
0.87%
HK:1459
Jujiang Construction Group Co., Ltd. Class H
0.20
-0.07
-24.53%
HK:3822
Sam Woo Construction Group Ltd.
1.10
0.35
46.00%
HK:8616
Sunray Engineering Group Limited
0.09
0.04
72.00%
Ching Lee Holdings Ltd. Corporate Events
Ching Lee Shareholders Ratify Superstructure Contract at Extraordinary Meeting
Sep 10, 2026
Shareholders of Ching Lee Holdings Limited have approved an ordinary resolution at an extraordinary general meeting held on 10 September 2026 in Hong Kong. The resolution, passed by poll with 99.99% of votes in favour, ratifies a Superstructure Le...
Ching Lee Calls EGM to Approve Key Superstructure Contract
Aug 25, 2026
Ching Lee Holdings Ltd. has called an extraordinary general meeting for 10 September 2026 in Hong Kong to seek shareholder approval of a Superstructure Letter of Award between its subsidiary Ching Lee Engineering Ltd. and Maxfield International In...
Ching Lee Shareholders Approve All AGM Resolutions, Renew Capital Mandates
Aug 24, 2026
Ching Lee Holdings Ltd. reported that all resolutions at its 24 August 2026 annual general meeting in Hong Kong were approved by shareholders via poll, with voting representatives holding about 736.7 million shares out of 1.013 billion entitled sh...
Ching Lee Delays Circular and Sets EGM Date for Connected Superstructure Deal
Aug 21, 2026
Ching Lee Holdings Limited has announced a delay in sending a shareholder circular related to a connected transaction for the provision of superstructure services, pushing the expected despatch date from on or before 21 August 2026 to on or before...
Ching Lee Wins HK$81.5 Million Connected Superstructure Contract
Jul 31, 2026
Ching Lee Engineering, an indirect wholly owned subsidiary of Ching Lee Holdings Ltd., has been conditionally awarded a HK$81.5 million superstructure construction contract by Maxfield International for a specified project. The contract covers 360...
Ching Lee Holdings Sets 2026 AGM to Approve Results and Share Issuance Mandate
Jul 24, 2026
Ching Lee Holdings Ltd., a Hong Kong-listed construction and contracting group incorporated in the Cayman Islands, provides building and civil engineering services to clients in the Hong Kong market. The company operates under the oversight of the...
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.