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Ming Fai International Holdings
(3828)
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Rating:76Outperform
Price Target:
HK$0.86
â–¼(-6.09% Downside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by strong financial stability (very low leverage and improved 2025 cash generation) and attractive valuation (low P/E and high dividend yield). These positives are tempered by weaker technical positioning (below longer-term moving averages and slightly negative MACD) and softer 2025 operating performance versus 2024 (revenue decline and margin pressure).
Positive Factors
Conservative Balance Sheet
Very low leverage gives Ming Fai a substantial equity cushion and reduces the burden of interest and refinancing costs. This financial flexibility can help the company withstand hospitality demand fluctuations while preserving capacity to fund operations, dividends, or selective growth.
Negative Factors
Revenue Decline
The reversal from multi-year revenue growth to a decline in 2025 signals weaker demand, pricing, or product-mix conditions in the company’s addressable hospitality market. If sustained, slower sales would limit operating leverage and make consistent earnings growth more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage gives Ming Fai a substantial equity cushion and reduces the burden of interest and refinancing costs. This financial flexibility can help the company withstand hospitality demand fluctuations while preserving capacity to fund operations, dividends, or selective growth.
Read all positive factors
Ming Fai International Holdings (3828) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$484.68M
Dividend Yield9.77%
Average Volume (3M)179.93K
Price to Earnings (P/E)5.7
Beta (1Y)0.49
Revenue Growth2.24%
EPS Growth-39.98%
CountryHK
Employees7,800
SectorConsumer Defensive
Sector Strength42
IndustryHousehold & Personal Products
Share Statistics
EPS (TTM)0.12
Shares Outstanding734,262,700
10 Day Avg. Volume339,600
30 Day Avg. Volume179,933
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)0.48
Price to Sales (P/S)0.30
P/FCF Ratio3.70
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
Ming Fai International Holdings Business Overview & Revenue Model
Company Description
Ming Fai International Holdings Limited operates as an investment holding company that specializes in providing a comprehensive range of supplies to the hospitality industry. It manufactures and distributes these products, while also trading in es...
How the Company Makes Money
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Ming Fai International Holdings Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
88
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.37B | 2.24B | 2.31B | 2.07B | 1.79B | 1.44B |
| Gross Profit | 471.63M | 484.67M | 579.89M | 501.74M | 424.81M | 269.64M |
| EBITDA | 161.93M | 181.27M | 247.66M | 211.83M | 159.46M | -25.84M |
| Net Income | 84.51M | 100.73M | 143.23M | 104.18M | 75.51M | -93.53M |
Balance Sheet | ||||||
| Total Assets | 1.98B | 2.00B | 2.00B | 1.97B | 1.75B | 1.74B |
| Cash, Cash Equivalents and Short-Term Investments | 365.83M | 439.54M | 339.44M | 376.79M | 307.08M | 252.68M |
| Total Debt | 14.96M | 22.58M | 46.06M | 74.77M | 137.24M | 164.59M |
| Total Liabilities | 630.73M | 690.09M | 732.00M | 772.01M | 617.98M | 644.28M |
| Stockholders Equity | 1.41B | 1.38B | 1.32B | 1.25B | 1.18B | 1.14B |
Cash Flow | ||||||
| Free Cash Flow | -20.08M | 179.75M | 35.34M | 168.03M | 104.74M | -143.42M |
| Operating Cash Flow | 21.33M | 210.13M | 113.13M | 228.66M | 129.75M | -98.65M |
| Investing Cash Flow | -38.33M | -30.30M | -69.52M | -53.28M | -23.64M | -38.79M |
| Financing Cash Flow | -66.05M | -92.46M | -86.45M | -103.41M | -45.39M | -8.03M |
Ming Fai International Holdings Technical Analysis
Negative
0.92
Price Trends
0.70
Negative
0.72
Negative
0.77
Negative
Market Momentum
-0.01
Positive
32.88
Neutral
10.19
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3828, the sentiment is Negative. The current price of 0.92 is above the 20-day moving average (MA) of 0.70, above the 50-day MA of 0.70, and above the 200-day MA of 0.77, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 32.88 is Neutral, neither overbought nor oversold. The STOCH value of 10.19 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3828.
Ming Fai International Holdings Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$484.68M | 5.70 | 6.06% | 9.77% | 2.24% | -39.98% | |
74 Outperform | HK$2.69B | 8.65 | 8.51% | 8.28% | 25.14% | 39.67% | |
71 Outperform | HK$9.03B | 11.18 | 25.77% | 6.20% | 23.19% | -22.44% | |
68 Neutral | HK$24.47B | 8.48 | 10.98% | 7.60% | 2.19% | 10.78% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
46 Neutral | HK$880.92M | -15.33 | -12.81% | 0.53% | 13.43% | 7.72% | |
33 Underperform | HK$13.52B | -148.17 | -1.21% | 7.41% | -2.44% | 81.73% |
* Consumer Defensive Sector Average
HK:3828
Ming Fai International Holdings
0.67
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Ming Fai International Holdings Corporate Events
Ming Fai Delivers Revenue Growth but Margin Squeeze in 2026 Interim Results
Aug 25, 2026
Ming Fai International Holdings reported interim results for the six months ended 30 June 2026 showing solid top‑line growth but weaker profitability. Revenue rose 12.6% year‑on‑year to HK$1,158.2 million, yet gross profit fell 5...
Ming Fai Declares Interim Dividend for First Half of 2026
Aug 25, 2026
Ming Fai International Holdings Limited has declared an interim ordinary cash dividend of HKD 0.025 per share for the six months ended 30 June 2026, for the financial year ending 31 December 2026. The shares will trade ex-dividend on 15 September ...
Ming Fai Revises Share Award Scheme to Use Only Existing Shares
Aug 25, 2026
Ming Fai International Holdings has amended the rules of its share award scheme so that the scheme will now be funded exclusively by existing shares purchased on the market, rather than through the issue of new shares. The trust period has been re...
Ming Fai Board to Review Interim Results and Consider Dividend
Aug 12, 2026
Ming Fai International Holdings Limited has announced that its board of directors will convene on 25 August 2026 to review and approve the interim financial results for the six months ended 30 June 2026. The meeting will also consider whether to d...
Ming Fai flags lower first-half profit on cost pressures and competition
Aug 11, 2026
Ming Fai International Holdings has warned that profit attributable to shareholders for the six months ended 30 June 2026 will be no less than HK$34 million, down from about HK$50.9 million a year earlier. Management attributed the expected declin...
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.