Global Sweeteners Holdings Limited (3889) AI Stock Analysis

• Market Cap: HK$169.96M
• Dividend Yield: N/A
• Average Volume (3M): 102.60K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.22
• Revenue Growth: -6.04%
• EPS Growth: -340.00%
• Country: HK
• Employees: 530
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): -0.03
• Shares Outstanding: 1,931,374,900
• 10 Day Avg. Volume: 46,400
• 30 Day Avg. Volume: 102,600
• PEG Ratio: -0.02
• Price to Book (P/B): -0.96
• Price to Sales (P/S): 0.34
• P/FCF Ratio: -1.09
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 40 Underperform
• Price Target: HK$0.00 ▼(-100.00% Downside)

The overall stock score is primarily impacted by the company's weak financial performance, characterized by negative equity, high leverage, and liquidity concerns. Technical analysis indicates some stability but overall bearish momentum. Valuation metrics further highlight potential overvaluation and lack of income generation through dividends.

Global Sweeteners Holdings Limited Business Overview & Revenue Model

Company Description

Global Sweeteners Holdings Limited (3889) is a leading manufacturer and supplier of sweeteners and food additives, primarily focused on the production of high-quality corn-based sweeteners, including glucose syrup and fructose syrup. The company operates in the food and beverage industry, catering to a diverse clientele that includes food manufacturers and distributors. With a commitment to innovation and sustainability, Global Sweeteners Holdings is dedicated to providing a range of products that meet the evolving needs of consumers and businesses worldwide.

How the Company Makes Money

Global Sweeteners Holdings Limited generates revenue primarily through the production and sale of sweeteners and food additives. The company's core revenue streams include the sale of glucose syrup, fructose syrup, and other corn-derived products to various sectors such as food and beverage, pharmaceuticals, and consumer goods. By establishing strong relationships with food manufacturers and leveraging its production capabilities, the company is able to secure long-term contracts and bulk orders, providing a stable income source. Additionally, the company may benefit from strategic partnerships with major distributors and collaborations that enhance its market reach and operational efficiency, contributing to its overall earnings.

Global Sweeteners Holdings Limited Financial Statement Overview

Summary

Global Sweeteners Holdings Limited is in a financially fragile state. Despite revenue growth, profitability is weak with negative operational margins. The balance sheet is concerning due to negative equity and high leverage. Cash flow issues further exacerbate the risk, with zero operating and free cash flow suggesting liquidity concerns.

Income Statement

The income statement shows a challenging financial situation. The Net Profit Margin is positive at about 10.7%, but this is misleading as it is skewed by a one-time item boosting net income, given prior negative results. Revenue growth is volatile but showed improvement from 2022 to 2023 with a 50.1% increase. However, EBIT and EBITDA margins are negative, indicating operational challenges. Overall, profitability is weak.

Balance Sheet

The balance sheet reflects financial instability. The Debt-to-Equity ratio is negative due to negative equity, highlighting high leverage and risk. The Equity Ratio is also negative, indicating more liabilities than assets. The company's financial structure is precarious, with significant liabilities overshadowing its assets.

Cash Flow

Cash flow analysis indicates severe weaknesses. Operating Cash Flow is zero in the latest year, a decline from positive cash flow in 2023. The Free Cash Flow is also zero, showing a lack of cash available after capital expenditures. This raises concerns about liquidity and the ability to sustain operations without external financing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	544.63M	623.46M	440.81M	359.57M	728.10M	769.02M
Gross Profit	45.27M	31.30M	36.62M	27.27M	41.59M	77.87M
EBITDA	-94.09M	120.27M	-23.12M	-31.48M	48.22M	201.39M
Net Income	-162.28M	66.62M	289.52M	-212.49M	-96.26M	-8.73M
Balance Sheet
Total Assets	575.25M	568.84M	575.36M	687.11M	935.08M	1.30B
Cash, Cash Equivalents and Short-Term Investments	8.16M	5.10M	13.55M	4.28M	7.83M	21.28M
Total Debt	318.26M	299.74M	441.08M	796.48M	929.61M	996.66M
Total Liabilities	859.66M	787.09M	957.21M	1.37B	1.44B	1.73B
Stockholders Equity	-284.42M	-218.25M	-375.92M	-675.04M	-494.19M	-418.63M
Cash Flow
Free Cash Flow	-173.66M	-192.38M	87.80M	13.14M	-285.45M	-30.01M
Operating Cash Flow	-95.89M	-114.66M	88.39M	13.28M	-283.86M	-20.20M
Investing Cash Flow	-68.03M	-76.51M	-589.00K	19.64M	383.12M	104.34M
Financing Cash Flow	160.78M	182.97M	-78.30M	-36.13M	-112.93M	-94.61M

Global Sweeteners Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.09
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3889, the sentiment is Positive. The current price of 0.09 is below the 20-day moving average (MA) of 0.09, below the 50-day MA of 0.09, and below the 200-day MA of 0.10, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 61.44 is Neutral, neither overbought nor oversold. The STOCH value of 42.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3889.

Global Sweeteners Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2317	72 Outperform	HK$974.55M	8.16	5.08%	10.77%	-1.19%	-9.05%
1837	68 Neutral	HK$2.41B	10.83	13.72%	3.74%	11.89%	27.80%
1767	68 Neutral	HK$285.00M	10.80	5.48%	0.84%	5.43%	-25.42%
3838	63 Neutral	HK$1.13B	2.50	10.38%	5.13%	-6.58%	16.23%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
0809	44 Neutral	HK$1.39B	0.94	―	―	42.14%	-81.25%
3889	40 Underperform	HK$169.96M	―	―	―	-6.04%	-340.00%

Global Sweeteners Holdings Limited Corporate Events

Global Corn Group Reports Interim Loss Amid Revenue Decline

Global Corn Group Limited reported its interim results for the six months ending June 30, 2025, showing a significant decrease in revenue and a net loss compared to the previous year. The company faced challenges with increased other expenses and finance costs, resulting in a comprehensive loss for the period, which may impact its financial stability and market position.

Global Corn Group Limited Schedules Board Meeting to Review Interim Results

Global Corn Group Limited has announced an upcoming board meeting scheduled for August 29, 2025, to review and approve the unaudited interim results for the first half of the year and to consider the payment of an interim dividend. This meeting is significant as it will provide insights into the company’s financial performance and potential returns for stakeholders, impacting its market positioning and investor relations.