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Dragon Rise Group Holdings Ltd. (6829) AI Stock Analysis

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HK:6829

Dragon Rise Group Holdings Ltd.

(HKEX:6829)

Select Model
Rating:51Neutral
Price Target:HKD 3.50â–²(20.27% Upside)
Action:reiterated
Date:11/03/26

The score is primarily constrained by weak cash generation, declining revenue, thin margins, and a high P/E ratio. A conservative balance sheet and moderately favorable technical indicators provide meaningful support but do not offset the financial and valuation risks.

Positive Factors
Return to ProfitabilityThe shift from losses in 2021 to profitability across 2022–2026 indicates improved earnings capacity and provides a stronger base for the business over the next several quarters. If maintained, this progress can support internal funding and reinforce operating resilience despite project variability.
Negative Factors
Weak Cash ConversionPersistent negative operating and free cash flow means reported profits are not consistently becoming available cash. This weakens self-funding capacity, increases exposure to working-capital and project-timing swings, and could require external funding if the pattern continues through the next several quarters.

Dragon Rise Group Holdings Ltd. (6829) vs. iShares MSCI Hong Kong ETF (EWH)

-25%0%25%50%75%100%125%HK:6829+63.48%EWH+10.60%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
HKD 852.48M
Dividend Yield
―
Average Volume (3M)
676.71K
Price to Earnings (P/E)
53.5
Beta (1Y)
-1.45
Revenue Growth
-29.24%
EPS Growth
47.03%
Country
Hong Kong
Employees
427
Sector
Industrials
Sector Strength
63
Industry
Engineering & Construction

Dragon Rise Group Holdings Ltd. Business Overview & Revenue Model

Company Description

Dragon Rise Group Holdings Limited functions as an investment holding company, primarily serving as a subcontractor for foundation projects throughout Hong Kong. Its core expertise includes excavation and lateral support (ELS) works, the construction...

Dragon Rise Group Holdings Ltd. Financial Statement Overview

Summary

Moderate profitability and a solid, low-leverage balance sheet are outweighed by recurring negative operating and free cash flow, thin margins, and a sharp recent revenue decline.

Income Statement

52Neutral

Balance Sheet

68Positive

Cash Flow

27Negative
Financial statement breakdown
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue929.89M929.89M1.31B945.85M786.21M613.62M
Gross Profit58.78M56.96M48.31M39.46M23.38M18.59M
EBITDA20.91M25.14M25.58M26.24M23.78M19.49M
Net Income15.65M15.65M9.03M4.19M7.92M7.43M
Balance Sheet
Total Assets525.57M525.57M515.96M419.18M308.02M302.74M
Cash, Cash Equivalents and Short-Term Investments80.78M80.78M92.73M100.00M96.26M120.42M
Total Debt72.92M72.92M38.15M61.83M3.38M7.13M
Total Liabilities198.14M198.14M198.18M151.34M44.74M47.38M
Stockholders Equity335.26M335.26M318.97M267.50M263.28M255.36M
Cash Flow
Free Cash Flow-27.44M-34.35M-48.92M-18.44M-18.65M62.96M
Operating Cash Flow-10.39M-8.98M-46.66M-14.25M-8.70M78.56M
Investing Cash Flow-20.62M-20.62M21.54M-13.85M-8.90M3.07M
Financing Cash Flow19.05M22.05M7.45M57.02M-5.52M-5.47M

Dragon Rise Group Holdings Ltd. Technical Analysis

Technical Analysis SentimentNeutral
Last Price2.91

Price Trends

50DMA3.02Negative
100DMA2.49Positive
200DMA2.51Positive

Market Momentum

MACD0.06Positive
RSI39.02Neutral
STOCH19.46Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6829, the sentiment is Neutral. The current price of 2.91 is below the 20-day moving average (MA) of 3.55, below the 50-day MA of 3.02, and above the 200-day MA of 2.51, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 39.02 is Neutral, neither overbought nor oversold. The STOCH value of 19.46 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:6829.

Dragon Rise Group Holdings Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

HK:6829 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:0240HK:024084OutperformHKD 1.74B3.7615.72%12.19%-12.79%-0.62%
HK:0687HK:068771OutperformHKD 1.09B23.914.18%18.18%-18.58%-27.75%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
HK:0610HK:061054NeutralHKD 721.74M0.9431.00%―-12.39%―
HK:6829HK:682951NeutralHKD 855.36M53.494.74%―-29.24%47.03%
HK:0896HK:089647NeutralHKD 305.83M-0.35-31.01%―-22.33%-203.23%
HK:0406HK:040634UnderperformHKD 216.84M-1.07-15.28%―13.50%-106.11%

* Industrials Sector Average

Performance Comparison

0%50%100%HK:6829HK:0240HK:0896HK:0406HK:0610HK:0687Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
HK:6829 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:6829Dragon Rise Group Holdings Ltd.2.911.1262.57%
HK:0240Build King Holdings1.390.010.87%
HK:0896Hanison Construction Holdings 0.290.0519.43%
HK:0406Yau Lee Holdings Limited0.49-0.20-29.29%
HK:0610Wai Kee Holdings Limited0.910.1418.18%
HK:0687Tysan Holdings Limited0.330.0519.57%

Dragon Rise Group Holdings Ltd. Corporate Events

Dragon Rise Pursues EV Charging and Digital Asset Push With New Energy Partner

Oct 23, 2026

Dragon Rise Investment Limited has entered into a non-legally binding strategic cooperation framework agreement with a new energy enterprise to drive global digital asset collaboration in the new energy sector. The focus will be on digitalised manage...

Dragon Rise Overhauls Articles of Association to Strengthen Governance Framework

Sep 24, 2026

Dragon Rise Group Holdings Ltd. has adopted amended and restated articles of association by special resolution on 24 September 2026, overhauling its internal governance framework. The revised document comprehensively addresses share issuance and tran...

Dragon Rise Shareholders Unanimously Back Governance and Capital Mandates at 2026 AGM

Sep 24, 2026

Dragon Rise Group Holdings Ltd., a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange, maintains a board that includes both executive and independent non-executive directors and engages Grant Thornton Hong Kong Limited as its...

Dragon Rise to Tokenise Battery-Swapping Taxi Assets in HK$100m Blockchain Notes Programme

Aug 27, 2026

Dragon Rise Group Holdings Limited, via wholly owned unit DRNE Next Mobility Investment Limited, has partnered with a Hong Kong-based integrated blockchain service provider to launch private tokenised limited recourse notes backed by real-world asset...

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: Nov 03, 2026