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Royal Deluxe Holdings Ltd.
(3789)
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Rating:66Neutral
Price Target:
HK$0.31
▲(340.00% Upside)
Action:Reiterated
Date:09/30/26
The score is driven primarily by solid financial resilience (notably the debt-free balance sheet and improved 2026 cash flow), but held back by weakening operating fundamentals (two years of revenue decline and negative operating profit). Technicals are supportive with price trading above key moving averages, while valuation is neutral with a moderate P/E and modest dividend yield.
Positive Factors
Debt-free balance sheet
The absence of debt gives Royal Deluxe substantial financial flexibility and reduces interest and refinancing pressure. A sizable equity cushion is particularly valuable in cyclical construction, helping the company absorb project volatility and preserve capacity to fund operations.
Negative Factors
Two consecutive years of revenue decline
Back-to-back revenue declines indicate weakening business activity rather than a single-quarter fluctuation. Continued contraction could reduce operating leverage, limit the company’s ability to absorb fixed costs, and make it harder to rebuild consistent earnings across future construction cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of debt gives Royal Deluxe substantial financial flexibility and reduces interest and refinancing pressure. A sizable equity cushion is particularly valuable in cyclical construction, helping the company absorb project volatility and preserve capacity to fund operations.
Read all positive factors
Royal Deluxe Holdings Ltd. (3789) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$336.00M
Dividend Yield1.92%
Average Volume (3M)417.87K
Price to Earnings (P/E)21.3
Beta (1Y)0.67
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. Volume421,600
30 Day Avg. Volume417,866
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
0.23
Positive
0.21
Positive
0.16
Positive
Market Momentum
0.01
Negative
54.86
Neutral
60.78
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 0.25, below the 50-day MA of 0.23, and below the 200-day MA of 0.16, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 54.86 is Neutral, neither overbought nor oversold. The STOCH value of 60.78 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$189.33M | 6.46 | 22.32% | 21.90% | -39.08% | 1675.00% | |
66 Neutral | HK$336.00M | 21.31 | 4.57% | 1.92% | -5.09% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | HK$275.00M | 19.58 | 1.82% | 6.00% | 28.02% | -68.80% | |
44 Neutral | HK$212.00M | 9.01 | 6.28% | 3.77% | -5.52% | -3.29% |
* Industrials Sector Average
HK:3789
Royal Deluxe Holdings Ltd.
0.26
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149.09%
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...
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.