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Global Sweeteners Holdings Limited
(3889)
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Rating:46Neutral
Price Target:
HK$0.06
â–¼(-38.89% Downside)
Action:Reiterated
Date:09/10/26
The score is primarily constrained by weak financial performance—especially persistent negative equity, unstable profitability, and inconsistent/negative cash generation. Technical indicators offer some short-term momentum support (price above shorter moving averages and slightly positive MACD) but RSI is elevated and the stock remains below the 200-day average. Valuation is also a headwind due to losses (negative P/E) and no stated dividend yield.
Positive Factors
Product Portfolio Breadth
Broad exposure to sweeteners, starch and related corn derivatives gives the company multiple product channels across food, beverage and industrial ingredient markets. This portfolio can support customer relevance and diversify demand across end uses over the next several quarters.
Negative Factors
Negative Shareholder Equity
Persistently negative equity indicates accumulated losses and a weak capital structure, while meaningful debt increases financial risk. The lack of a positive equity cushion reduces resilience against operating setbacks and can constrain the company’s ability to fund growth or absorb further losses.
Read all positive and negative factors
Positive Factors
Negative Factors
Product Portfolio Breadth
Broad exposure to sweeteners, starch and related corn derivatives gives the company multiple product channels across food, beverage and industrial ingredient markets. This portfolio can support customer relevance and diversify demand across end uses over the next several quarters.
Read all positive factors
Global Sweeteners Holdings Limited (3889) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$112.02M
Dividend Yield0.84%
Average Volume (3M)989.13K
Price to Earnings (P/E)―
Beta (1Y)0.15
Revenue Growth-7.04%
EPS Growth8.69%
CountryHK
Employees410
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)-0.08
Shares Outstanding1,931,374,900
10 Day Avg. Volume2,909,600
30 Day Avg. Volume989,133
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-0.51
Price to Sales (P/S)0.36
P/FCF Ratio-4.51
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
Global Sweeteners Holdings Limited Business Overview & Revenue Model
Company Description
Global Corn Group Limited, an investment holding company, engages in the manufacture and sale of corn refined products and corn sweeteners primarily in the People’s Republic of China. The company offers corn starch, gluten meal, corn oil, and othe...
How the Company Makes Money
Global Sweeteners Holdings Limited primarily makes money by manufacturing and selling sweeteners and other corn-based ingredients to business customers. Its core revenue stream is product sales: (1) Sweeteners (e.g., high fructose corn syrup, gluc...
Global Sweeteners Holdings Limited Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
18
Very Negative
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 506.30M | 491.02M | 623.46M | 440.81M | 359.57M | 728.10M |
| Gross Profit | 30.46M | 45.41M | 31.30M | 36.62M | 27.27M | 41.59M |
| EBITDA | -1.23M | 5.22M | -38.64M | 23.71M | 11.79M | -30.76M |
| Net Income | -150.35M | -131.87M | 66.62M | -187.48M | -212.49M | -96.26M |
Balance Sheet | ||||||
| Total Assets | 592.17M | 572.15M | 568.84M | 575.36M | 687.11M | 935.08M |
| Cash, Cash Equivalents and Short-Term Investments | 10.27M | 1.35M | 5.10M | 13.55M | 4.28M | 7.83M |
| Total Debt | 364.48M | 436.32M | 299.74M | 441.08M | 796.48M | 929.61M |
| Total Liabilities | 1.03B | 916.18M | 787.09M | 957.21M | 1.37B | 1.44B |
| Stockholders Equity | -436.71M | -344.03M | -218.25M | -375.92M | -675.04M | -494.19M |
Cash Flow | ||||||
| Free Cash Flow | 6.17M | -38.98M | -192.38M | 87.80M | 13.14M | -285.45M |
| Operating Cash Flow | 6.77M | -36.95M | -114.66M | 88.39M | 13.28M | -283.86M |
| Investing Cash Flow | 769.00K | -623.00K | -76.51M | -589.00K | 19.64M | 383.12M |
| Financing Cash Flow | -8.83M | 33.70M | 182.97M | -78.30M | -36.13M | -112.93M |
Global Sweeteners Holdings Limited Technical Analysis
Neutral
0.09
Price Trends
0.05
Positive
0.06
Negative
0.07
Negative
Market Momentum
<0.01
Negative
52.33
Neutral
40.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3889, the sentiment is Neutral. The current price of 0.09 is above the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.05, and above the 200-day MA of 0.07, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 52.33 is Neutral, neither overbought nor oversold. The STOCH value of 40.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:3889.
Global Sweeteners Holdings Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | HK$13.29B | 12.59 | 19.50% | 7.35% | 11.13% | 28.01% | |
73 Outperform | HK$1.17B | 8.18 | 6.00% | 13.64% | 4.72% | 20.03% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
57 Neutral | HK$1.03B | 49.15 | 0.45% | 5.51% | -5.24% | -95.65% | |
54 Neutral | HK$93.56M | -36.36 | -0.49% | 5.24% | 30.41% | 98.08% | |
46 Neutral | HK$112.02M | -0.72 | 38.51% | 0.84% | -7.04% | 8.69% | |
44 Neutral | HK$606.33M | 1.85 | -15.63% | 2.57% | -8.40% | -77.49% |
* Consumer Defensive Sector Average
HK:3889
Global Sweeteners Holdings Limited
0.05
-0.05
-50.52%
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13.68
1.80
15.10%
HK:2317
Vedan International (Holdings) Ltd.
0.75
0.15
24.17%
HK:3838
China Starch Holdings Limited
0.18
>-0.01
-4.76%
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Global Bio-chem Technology Group Co. Ltd.
0.37
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Asia Cassava Resources Holdings Limited
0.16
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47.71%
Global Sweeteners Holdings Limited Corporate Events
Global Corn Group Widens Interim Loss Despite Higher Revenue
Aug 28, 2026
Global Corn Group Limited reported unaudited interim results for the six months ended 30 June 2026, with revenue rising to HK$268.9 million from HK$253.6 million a year earlier, but gross profit falling sharply to HK$9.3 million from HK$24.3 milli...
Global Corn Group Sets Board Meeting to Review Interim Results and Possible Dividend
Aug 18, 2026
Global Corn Group Limited has scheduled a board meeting for 28 August 2026 to review and approve its unaudited interim results for the six months ended 30 June 2026. The meeting will also consider the declaration of an interim dividend, signaling ...
Global Corn Group shifts from debt restructuring to winding up key subsidiary to tackle audit disclaimer
Aug 7, 2026
Global Corn Group Limited has provided a quarterly update on efforts to resolve its auditor’s disclaimer of opinion, focusing on changes to its earlier debt restructuring plan. After discussions with Jinzhou Huayin, local government authorit...
Global Corn Group Wins Strong Shareholder Backing at AGM
Jun 24, 2026
Global Corn Group Limited reported that all resolutions at its latest annual general meeting were approved by shareholders through a poll. Investors endorsed the audited financial statements for the year ended 31 December 2025 and confirmed the re...
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.