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CNC Holdings Limited
(8356)
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Rating:45Neutral
Price Target:
HK$0.27
▼(-30.00% Downside)
Action:Reiterated
Date:10/28/26
The score is held back mainly by weak financial quality—especially persistent negative equity and unstable free cash flow—alongside a technically weak price trend below major moving averages. A very low P/E provides some valuation support, but it is not enough to offset the balance-sheet and cash-flow risks.
Positive Factors
Return to Profitability
The return to positive net income and operating profit marks a meaningful recovery from the heavy losses reported in 2021–2022. Although profitability remains modest, restoring earnings provides a base for rebuilding financial resilience if operational performance can be sustained.
Negative Factors
Persistent Negative Equity
Persistent negative equity leaves the company with a very thin capital cushion and limits financial flexibility. It also increases sensitivity to losses, refinancing needs, and asset-value changes, making the balance sheet a continuing structural risk despite the reduction in debt.
Read all positive and negative factors
Positive Factors
Negative Factors
Return to Profitability
The return to positive net income and operating profit marks a meaningful recovery from the heavy losses reported in 2021–2022. Although profitability remains modest, restoring earnings provides a base for rebuilding financial resilience if operational performance can be sustained.
Read all positive factors
CNC Holdings Limited (8356) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$20.97M
Dividend Yield44%
Average Volume (3M)8.93K
Price to Earnings (P/E)2.8
Beta (1Y)0.70
Revenue Growth12.04%
EPS GrowthN/A
CountryHK
Employees203
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.10
Shares Outstanding74,908,180
10 Day Avg. Volume12,750
30 Day Avg. Volume8,926
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)-0.72
Price to Sales (P/S)0.06
P/FCF Ratio-15.83
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
CNC Holdings Limited Business Overview & Revenue Model
Company Description
CNC Holdings Limited functions as an investment holding company, primarily providing civil engineering solutions across Hong Kong and the People's Republic of China. Its operations are divided into two main areas: Civil Engineering Services and Me...
CNC Holdings Limited Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
18
Very Negative
Cash Flow
34
Negative
| Breakdown | Mar 2025 | Mar 2024 | Mar 2024 | Sep 2023 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 410.14M | 366.07M | 468.96M | 496.46M | 408.18M |
| Gross Profit | 18.31M | 9.93M | 18.06M | 3.42M | -9.36M |
| EBITDA | 18.11M | 3.74M | 14.37M | 11.19M | -10.17M |
| Net Income | 7.60M | -11.34M | -9.32M | -9.44M | -41.73M |
Balance Sheet | |||||
| Total Assets | 140.85M | 165.65M | 218.96M | 245.54M | 213.48M |
| Cash, Cash Equivalents and Short-Term Investments | 53.73M | 56.12M | 48.22M | 51.62M | 42.56M |
| Total Debt | 45.65M | 40.46M | 302.96M | 305.92M | 305.85M |
| Total Liabilities | 172.49M | 205.51M | 622.39M | 640.35M | 598.79M |
| Stockholders Equity | -33.33M | -40.93M | -405.11M | -396.28M | -386.80M |
Cash Flow | |||||
| Free Cash Flow | -1.52M | -10.24M | 947.00K | 14.39M | -29.37M |
| Operating Cash Flow | 3.59M | -1.07M | 4.59M | 20.98M | -22.85M |
| Investing Cash Flow | -4.61M | -8.13M | -2.77M | -4.83M | 2.87M |
| Financing Cash Flow | -1.37M | 17.09M | -5.72M | -7.05M | -4.28M |
CNC Holdings Limited Technical Analysis
Negative
0.39
Price Trends
0.30
Negative
0.30
Negative
0.33
Negative
Market Momentum
>-0.01
Positive
45.03
Neutral
25.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8356, the sentiment is Negative. The current price of 0.39 is above the 20-day moving average (MA) of 0.29, above the 50-day MA of 0.30, and above the 200-day MA of 0.33, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.03 is Neutral, neither overbought nor oversold. The STOCH value of 25.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8356.
CNC Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$91.98M | 1.63 | 10.81% | 10.96% | -5.20% | 420.03% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
45 Neutral | HK$20.97M | 2.85 | -18.35% | 44.00% | 12.04% | ― | |
43 Neutral | HK$161.60M | -1.06 | 848.01% | 1.96% | -25.29% | 7.74% | |
38 Underperform | HK$17.35M | -0.27 | 8.24% | 0.52% | ― | ― | |
33 Underperform | HK$63.01M | -5.32 | -13.85% | ― | -36.27% | -4.08% |
* Industrials Sector Average
HK:8356
CNC Holdings Limited
0.28
-0.07
-20.00%
HK:3822
Sam Woo Construction Group Ltd.
1.10
0.35
46.00%
HK:6189
Guangdong Adway Construction (Group) Holdings Co., Ltd. Class H
0.07
0.00
0.00%
HK:6816
Prosper Construction Holdings Limited
0.20
<0.01
1.00%
HK:8445
Noble Engineering Group Holdings Limited
0.19
0.02
11.76%
HK:2433
Zhongtian Construction (Hunan) Group Limited
0.06
-0.05
-48.11%
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.