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Royal Deluxe Holdings Ltd.
(3789)
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Rating:63Neutral
Price Target:
HK$0.24
▲(247.14% Upside)
Action:Reiterated
Date:08/03/26
The score is primarily driven by solid financial resilience (near-zero leverage and improved cash flow), offset by weak operating consistency (contracting revenue and negative operating profit). Technicals are mixed with short-term softness but a better medium/longer-term trend, while valuation is reasonable on P/E but lacks dividend support.
Positive Factors
Near-zero leverage
An essentially debt-free balance sheet gives Royal Deluxe financial flexibility in a cyclical construction industry. The sizable equity cushion can help absorb project volatility, support ongoing operations, and preserve capacity for investment without relying heavily on external financing.
Negative Factors
Declining revenue
Two consecutive years of revenue contraction point to weaker business activity or reduced project throughput rather than a temporary quarterly fluctuation. Persistent top-line pressure can reduce operating leverage, limit scale benefits, and make future profit improvement more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Near-zero leverage
An essentially debt-free balance sheet gives Royal Deluxe financial flexibility in a cyclical construction industry. The sizable equity cushion can help absorb project volatility, support ongoing operations, and preserve capacity for investment without relying heavily on external financing.
Read all positive factors
Royal Deluxe Holdings Ltd. (3789) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$273.60M
Dividend Yield2.19%
Average Volume (3M)319.07K
Price to Earnings (P/E)18.7
Beta (1Y)0.59
Revenue Growth-5.09%
EPS GrowthN/A
CountryHK
Employees69
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.01
Shares Outstanding1,200,000,000
10 Day Avg. Volume534,000
30 Day Avg. Volume319,066
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.37
Price to Sales (P/S)0.17
P/FCF Ratio4.34
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
Royal Deluxe Holdings Ltd. Business Overview & Revenue Model
Company Description
Royal Deluxe Holdings Limited operates as an investment holding entity, primarily delivering formwork installation and associated support services across Hong Kong. The company undertakes significant formwork construction for a range of architectu...
Royal Deluxe Holdings Ltd. Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
78
Positive
Cash Flow
61
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 693.74M | 730.96M | 783.58M | 702.11M | 470.42M |
| Gross Profit | 48.38M | 41.54M | 66.45M | 61.35M | 64.86M |
| EBITDA | 3.19M | 7.51M | 27.01M | 40.72M | 22.49M |
| Net Income | 14.62M | -6.05M | 9.77M | 21.40M | 6.78M |
Balance Sheet | |||||
| Total Assets | 434.95M | 467.24M | 480.00M | 405.37M | 415.71M |
| Cash, Cash Equivalents and Short-Term Investments | 76.01M | 48.64M | 88.22M | 68.96M | 70.53M |
| Total Debt | 0.00 | 396.00K | 632.00K | 16.17M | 34.71M |
| Total Liabilities | 109.77M | 156.66M | 163.37M | 98.51M | 130.27M |
| Stockholders Equity | 325.18M | 310.58M | 316.63M | 306.86M | 285.50M |
Cash Flow | |||||
| Free Cash Flow | 27.66M | -40.44M | 35.39M | 16.85M | -6.82M |
| Operating Cash Flow | 27.75M | -39.72M | 40.24M | 25.47M | 576.00K |
| Investing Cash Flow | -39.00K | 428.00K | -11.74M | -8.49M | -7.40M |
| Financing Cash Flow | -340.00K | -255.00K | -16.26M | -18.55M | -8.52M |
Royal Deluxe Holdings Ltd. Technical Analysis
Positive
0.07
Price Trends
0.21
Positive
0.19
Positive
0.14
Positive
Market Momentum
<0.01
Negative
62.93
Neutral
63.51
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3789, the sentiment is Positive. The current price of 0.07 is below the 20-day moving average (MA) of 0.22, below the 50-day MA of 0.21, and below the 200-day MA of 0.14, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 62.93 is Neutral, neither overbought nor oversold. The STOCH value of 63.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3789.
Royal Deluxe 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$206.67M | 6.70 | 22.32% | 13.42% | -39.08% | 1675.00% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$273.60M | 18.69 | 4.57% | 2.19% | -5.09% | ― | |
58 Neutral | HK$215.00M | 16.35 | 1.82% | 7.67% | 28.02% | -68.80% | |
53 Neutral | HK$216.00M | 9.18 | 6.28% | 3.70% | -5.52% | -3.29% |
* Industrials Sector Average
HK:3789
Royal Deluxe Holdings Ltd.
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152.54%
Royal Deluxe Holdings Ltd. Corporate Events
Royal Deluxe Shareholders Approve All AGM Resolutions, Including Dividend and Issuance Mandate
Aug 21, 2026
Royal Deluxe Holdings reported that all resolutions at its 21 August 2026 annual general meeting in Hong Kong were approved by shareholders through a poll, with near-unanimous support for the company’s audited financial statements, auditor r...
Royal Deluxe Sets August AGM to Approve Results, Board Mandates and Dividend
Jul 29, 2026
Royal Deluxe Holdings Limited has convened its annual general meeting for 21 August 2026 in Hong Kong, where shareholders will vote on receiving the audited financial statements for the year ended 31 March 2026 and reappointing BDO Limited as the ...
Royal Deluxe Chairman Raises Stake While Maintaining Public Float Compliance
Jul 10, 2026
Royal Deluxe Holdings Limited has disclosed that its chairman and controlling shareholder, Wang Kei Ming, purchased 10,052,000 shares on the open market at an average price of HK$0.205 per share, increasing his and fellow executive director spouse...
Royal Deluxe Swings to Profit and Lifts Margins Despite Revenue Dip
Jun 26, 2026
Royal Deluxe Holdings Limited reported revenue of HK$693.7 million for the year ended 31 March 2026, down 5.1% from a year earlier, but significantly improved profitability with gross profit rising 30.2% to HK$54.1 million and gross margin widenin...
Royal Deluxe Holdings Declares Final Cash Dividend for FY2026
Jun 26, 2026
Royal Deluxe Holdings Limited has declared a final ordinary cash dividend of HKD 0.005 per share for the financial year ended 31 March 2026, reinforcing a continued commitment to returning capital to shareholders. The payout will be made in Hong K...
Royal Deluxe Sets June Board Meeting to Approve Annual Results and Dividend Plan
Jun 12, 2026
Royal Deluxe Holdings Ltd. has scheduled a board meeting for 26 June 2026 to review and approve the group’s final results for the financial year ended 31 March 2026. The board will also consider the declaration of a final dividend, signaling...
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.