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Chi Ho Development Holdings Ltd (8423) AI Stock Analysis

HK:8423

Chi Ho Development Holdings Ltd

(HKEX:8423)

Select Model
Rating:45Neutral
Price Target:HKD 0.05â–²(4.00% Upside)
Action:reiterated
Date:10/24/26

The score is primarily weighed down by weakened financial performance—sharp revenue decline, larger losses, higher leverage, and negative FY2026 operating/free cash flow. Technicals are only modestly supportive with a short-term lift but longer-term trend still weak. Valuation provides limited offset due to negative earnings and no dividend yield data.

Positive Factors
Stable Asset BaseRelatively stable total assets provide some continuity in the company’s resource base despite recent losses and equity erosion. This may preserve operating capacity and offers a more durable foundation for recovery than a simultaneous contraction in assets and revenues.
Negative Factors
Revenue CollapseA roughly 54% FY2026 revenue decline represents a major deterioration in business activity and weakens the scale on which fixed costs and overhead can be absorbed. Continued revenue pressure would make a return to sustainable profitability and cash generation more difficult.

Chi Ho Development Holdings Ltd (8423) vs. iShares MSCI Hong Kong ETF (EWH)

-50%-25%0%25%50%75%100%HK:8423+2.04%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 40.00M
Dividend Yield
―
Average Volume (3M)
443.57K
Price to Earnings (P/E)
-0.4
Beta (1Y)
0.35
Revenue Growth
-41.55%
EPS Growth
-414.29%
Country
Hong Kong
Employees
58
Sector
Industrials
Sector Strength
63
Industry
Engineering & Construction

Chi Ho Development Holdings Ltd Business Overview & Revenue Model

Company Description

Chi Ho Development Holdings Limited functions as an investment holding entity primarily focused on providing a range of construction and property-related services in Hong Kong. The company's core offerings include comprehensive renovation and mainten...

How the Company Makes Money

null

Chi Ho Development Holdings Ltd Financial Statement Overview

Summary

Financials have deteriorated materially: FY2026 revenue fell ~54% YoY and losses widened with deeply negative margins (about -22%). Leverage increased sharply (debt-to-equity ~1.55 in FY2026 vs ~0.63–0.72 previously) as equity eroded, and cash flow swung from positive in FY2023–FY2025 to negative operating/free cash flow in FY2026.

Income Statement

28Negative

Balance Sheet

42Neutral

Cash Flow

35Negative
Financial statement breakdown
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue585.28M290.77M497.51M352.90M337.68M257.21M
Gross Profit20.39M10.95M31.57M40.54M42.72M34.29M
EBITDA-41.86M-14.63M-4.31M18.58M22.07M13.70M
Net Income-73.11M-63.34M-12.29M10.09M13.15M8.02M
Balance Sheet
Total Assets386.57M386.57M379.35M397.26M344.08M296.69M
Cash, Cash Equivalents and Short-Term Investments13.20M25.97M25.66M22.54M43.96M51.28M
Total Debt93.73M126.33M103.92M99.11M93.29M93.65M
Total Liabilities304.98M304.98M234.42M240.14M196.76M160.81M
Stockholders Equity81.59M81.59M144.93M157.12M147.31M135.88M
Cash Flow
Free Cash Flow-3.02M-19.88M37.84M8.09M5.43M-25.26M
Operating Cash Flow-2.94M-19.86M37.99M8.63M5.57M-18.50M
Investing Cash Flow-9.53M-11.76M-34.27M-30.72M-6.53M-6.62M
Financing Cash Flow2.08M17.24M-597.00K666.00K-6.36M43.07M

Chi Ho Development Holdings Ltd Technical Analysis

Technical Analysis SentimentPositive
Last Price0.05

Price Trends

50DMA0.05Positive
100DMA0.05Positive
200DMA0.05Negative

Market Momentum

MACD0.00Negative
RSI53.14Neutral
STOCH49.06Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8423, the sentiment is Positive. The current price of 0.05 is above the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.05, and below the 200-day MA of 0.05, indicating a neutral trend. The MACD of 0.00 indicates Negative momentum. The RSI at 53.14 is Neutral, neither overbought nor oversold. The STOCH value of 49.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:8423.

Chi Ho Development Holdings Ltd Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

HK:8423 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:8616HK:861673OutperformHKD 86.00M15.643.13%―9.25%―
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
HK:8217HK:821750NeutralHKD 26.56M0.7670.52%―3.74%―
HK:1413HK:141345NeutralHKD 102.34M-1.15-26.71%―-51.29%43.87%
HK:8423HK:842345NeutralHKD 40.00M-0.42-92.07%―-41.55%-414.29%
HK:8445HK:844533UnderperformHKD 63.01M-5.32-13.85%―-36.27%-4.08%

* Industrials Sector Average

Performance Comparison

0%100%HK:8423HK:1413HK:8217HK:8445HK:8616HK:2433Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:8423 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:8423Chi Ho Development Holdings Ltd0.050.002.04%
HK:1413Kwong Luen Engineering Holdings Limited0.21-0.20-48.77%
HK:8217Luen Wong Group Holdings Ltd.0.09-0.18-66.79%
HK:8445Noble Engineering Group Holdings Limited0.190.0211.76%
HK:8616Sunray Engineering Group Limited0.090.0472.00%
HK:2433Zhongtian Construction (Hunan) Group Limited0.06-0.05-48.11%
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.

Date of analysis: Oct 24, 2026