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Dragon Rise Group Holdings Ltd.
(6829)
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Rating:53Neutral
Price Target:
HK$4.00
▲(42.35% Upside)
Action:Reiterated
Date:10/06/26
The score is held back primarily by weak cash flow quality (negative operating and free cash flow in recent years) despite improved profitability and a relatively conservative balance sheet. Technicals are supportive due to a strong uptrend, but overbought indicators increase near-term risk. Valuation is a notable headwind given the high P/E and no dividend yield provided.
Positive Factors
Improved profitability
Profitability has recovered from the 2021 loss period, with profitable results in 2022–2026 and generally improving margins. This indicates better earnings resilience than earlier years and provides a stronger base for operations, even though profitability remains modest.
Negative Factors
Weak cash conversion
Persistent negative operating cash flow shows that reported profits are not consistently converting into cash. The 2026 deterioration in free cash flow raises funding and execution risk, potentially limiting internally financed growth and increasing sensitivity to project cash timing.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved profitability
Profitability has recovered from the 2021 loss period, with profitable results in 2022–2026 and generally improving margins. This indicates better earnings resilience than earlier years and provides a stronger base for operations, even though profitability remains modest.
Read all positive factors
Dragon Rise Group Holdings Ltd. (6829) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.11B
Dividend YieldN/A
Average Volume (3M)727.60K
Price to Earnings (P/E)69.9
Beta (1Y)-1.35
Revenue Growth-29.24%
EPS Growth47.03%
CountryHK
Employees427
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.05
Shares Outstanding288,000,000
10 Day Avg. Volume1,179,208
30 Day Avg. Volume727,597
Financial Highlights & Ratios
PEG Ratio1.20
Price to Book (P/B)2.06
Price to Sales (P/S)0.74
P/FCF Ratio-20.12
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
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 construct...
Dragon Rise Group Holdings Ltd. Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
68
Positive
Cash Flow
33
Negative
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 929.89M | 1.31B | 945.85M | 786.21M | 613.62M |
| Gross Profit | 56.96M | 48.31M | 39.46M | 23.38M | 18.59M |
| EBITDA | 25.14M | 25.58M | 26.24M | 23.78M | 19.49M |
| Net Income | 15.65M | 9.03M | 4.19M | 7.92M | 7.43M |
Balance Sheet | |||||
| Total Assets | 525.57M | 515.96M | 419.18M | 308.02M | 302.74M |
| Cash, Cash Equivalents and Short-Term Investments | 80.78M | 92.73M | 100.00M | 96.26M | 120.42M |
| Total Debt | 72.92M | 38.15M | 61.83M | 3.38M | 7.13M |
| Total Liabilities | 198.14M | 198.18M | 151.34M | 44.74M | 47.38M |
| Stockholders Equity | 335.26M | 318.97M | 267.50M | 263.28M | 255.36M |
Cash Flow | |||||
| Free Cash Flow | -34.35M | -48.92M | -18.44M | -18.65M | 62.96M |
| Operating Cash Flow | -8.98M | -46.66M | -14.25M | -8.70M | 78.56M |
| Investing Cash Flow | -20.62M | 21.54M | -13.85M | -8.90M | 3.07M |
| Financing Cash Flow | 22.05M | 7.45M | 57.02M | -5.52M | -5.47M |
Dragon Rise Group Holdings Ltd. Technical Analysis
Positive
2.81
Price Trends
2.38
Positive
2.27
Positive
2.46
Positive
Market Momentum
0.38
Negative
78.27
Negative
87.55
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6829, the sentiment is Positive. The current price of 2.81 is below the 20-day moving average (MA) of 3.01, above the 50-day MA of 2.38, and above the 200-day MA of 2.46, indicating a bullish trend. The MACD of 0.38 indicates Negative momentum. The RSI at 78.27 is Negative, neither overbought nor oversold. The STOCH value of 87.55 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:6829.
Dragon Rise Group Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | HK$1.68B | 3.65 | 15.72% | 12.55% | -12.79% | -0.62% | |
71 Outperform | HK$1.13B | 24.28 | 4.18% | 17.91% | -18.58% | -27.75% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | HK$713.81M | 0.93 | 31.00% | 5.49% | -12.39% | ― | |
53 Neutral | HK$1.11B | 69.85 | 4.74% | ― | -29.24% | 47.03% | |
43 Neutral | HK$300.46M | -0.33 | -31.01% | 7.32% | -22.33% | -203.23% | |
38 Underperform | HK$221.22M | -1.10 | -15.28% | 5.18% | 13.50% | -106.11% |
* Industrials Sector Average
HK:6829
Dragon Rise Group Holdings Ltd.
3.80
2.25
145.16%
HK:0240
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1.35
0.14
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0.02
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0.51
-0.18
-26.81%
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Dragon Rise Group Holdings Ltd. Corporate Events
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 t...
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 i...
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 as...
Dragon Rise Proposes Re-appointment of Grant Thornton as Auditor with New Fee Range
Jul 23, 2026
Dragon Rise Group Holdings Ltd. has proposed the re-appointment of Grant Thornton Hong Kong Ltd. as its auditor, to serve until the conclusion of the next annual general meeting, with shareholders set to vote on the move. The board, following the ...
Dragon Rise Calls AGM, Seeks Fresh Share-Issuance Mandate
Jul 21, 2026
Dragon Rise Group Holdings Ltd. has called its annual general meeting for 24 September 2026 in Hong Kong, where shareholders will review and approve the audited financial statements for the year ended 31 March 2026, re-elect directors and confirm ...
Dragon Rise Group Moves to Update Articles for Paperless, Treasury Share Regimes
Jul 20, 2026
Dragon Rise Group Holdings Limited plans to overhaul its corporate constitution by amending its existing articles of association and adopting a new set of amended and restated articles. The move is aimed at aligning the company’s governance ...
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.