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Ming Fai International Holdings (3828) AI Stock Analysis

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HK:3828

Ming Fai International Holdings

(HKEX:3828)

Select Model
Rating:76Outperform
Price Target:HKD 0.86â–²(29.92% Upside)
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 SheetVery 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 DeclineThe 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.

Ming Fai International Holdings (3828) vs. iShares MSCI Hong Kong ETF (EWH)

-30%-20%-10%0%10%20%HK:3828-25.36%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 481.35M
Dividend Yield
9.77%
Average Volume (3M)
251.92K
Price to Earnings (P/E)
5.7
Beta (1Y)
0.49
Revenue Growth
2.24%
EPS Growth
-39.98%
Country
Hong Kong
Employees
7,800
Sector
Consumer Defensive
Sector Strength
62
Industry
Household & Personal Products

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 essen...

How the Company Makes Money

null

Ming Fai International Holdings Financial Statement Overview

Summary

Financials are supported by a very conservative balance sheet (minimal leverage; strong equity cushion) and improved operating/free cash flow in 2025. Offsetting this, 2025 saw revenue decline and margin compression versus 2024, and cash-flow and profitability have been volatile across years (including a loss year in 2021), keeping the score below the high end.

Income Statement

68Positive

Balance Sheet

88Very Positive

Cash Flow

74Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue2.37B2.24B2.31B2.07B1.79B1.44B
Gross Profit471.63M484.67M579.89M501.74M424.81M269.64M
EBITDA161.93M181.27M247.66M211.83M159.46M-25.84M
Net Income84.51M100.73M143.23M104.18M75.51M-93.53M
Balance Sheet
Total Assets1.98B2.00B2.00B1.97B1.75B1.74B
Cash, Cash Equivalents and Short-Term Investments365.83M439.54M339.44M376.79M307.08M252.68M
Total Debt14.96M22.58M46.06M74.77M137.24M164.59M
Total Liabilities630.73M690.09M732.00M772.01M617.98M644.28M
Stockholders Equity1.41B1.38B1.32B1.25B1.18B1.14B
Cash Flow
Free Cash Flow-20.08M179.75M35.34M168.03M104.74M-143.42M
Operating Cash Flow21.33M210.13M113.13M228.66M129.75M-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

Technical Analysis SentimentNegative
Last Price0.67

Price Trends

50DMA0.70Negative
100DMA0.72Negative
200DMA0.77Negative

Market Momentum

MACD-0.01Positive
RSI32.88Neutral
STOCH10.19Positive

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 0.67 is below the 20-day moving average (MA) of 0.70, below the 50-day MA of 0.70, and below 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

Overall Rating

UnderperformOutperform
Sector (62)

Financial Indicators

HK:3828 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:3828HK:382876OutperformHKD 484.68M5.706.06%9.77%2.24%-39.98%
HK:6601HK:660174OutperformHKD 2.69B8.658.51%8.28%25.14%39.67%
HK:2145HK:214571OutperformHKD 9.03B11.1825.77%6.20%23.19%-22.44%
HK:1044HK:104468NeutralHKD 24.47B8.4610.98%7.60%2.19%10.78%
Sector *62Neutral$20.33B14.63-3.31%3.23%1.93%-12.26%
HK:0157HK:015746NeutralHKD 880.92M-15.33-12.81%―13.43%7.72%
HK:6993HK:699333UnderperformHKD 13.52B-148.17-1.21%6.58%-2.44%81.73%

* Consumer Defensive Sector Average

Performance Comparison

-75%-50%-25%0%25%HK:3828HK:1044HK:0157HK:6601HK:2145HK:6993Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:3828 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:3828Ming Fai International Holdings 0.67-0.23-25.36%
HK:1044Hengan International Group Co 21.08-4.88-18.80%
HK:0157Natural Beauty Bio-Technology 0.44-0.10-18.52%
HK:6601Cheerwin Group Limited2.02-0.11-5.31%
HK:2145Shanghai Chicmax Cosmetics Co., Ltd. Class H22.66-60.79-72.85%
HK:6993Blue Moon Group Holdings Ltd.2.43-0.36-13.03%

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 5.4%...

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 202...

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 redef...

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 decl...

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 decline m...

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.

Date of analysis: Aug 04, 2026