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Hing Ming Holdings Ltd (8425) AI Stock Analysis

HK:8425

Hing Ming Holdings Ltd

(HKEX:8425)

Select Model
Rating:62Neutral
Price Target:HKD 0.15â–²(26.72% Upside)
Action:reiterated
Date:09/29/26

Moderate financial performance due to profit volatility and equity erosion is the primary factor; bullish technical momentum and reasonable valuation provide support.

Positive Factors
Profitability RecoveryThe return to positive earnings shows that the business can recover from a weak operating year and restore profitability. Although the margin remains modest, renewed earnings provide internal funding capacity and a stronger base for assessing performance over the next several quarters.
Negative Factors
Sharp Revenue ContractionA roughly 22% revenue decline indicates weaker project volume or measured work and limits confidence in near-term scale and earnings durability. For a project-based subcontractor, sustained contraction can reduce operating leverage and make margin recovery harder to maintain.

Hing Ming Holdings Ltd (8425) vs. iShares MSCI Hong Kong ETF (EWH)

-40%-30%-20%-10%0%10%20%30%40%HK:8425+10.48%EWH+8.05%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 43.62M
Dividend Yield
―
Average Volume (3M)
155.23K
Price to Earnings (P/E)
9.2
Beta (1Y)
0.22
Revenue Growth
2.29%
EPS Growth
―
Country
Hong Kong
Employees
33
Sector
Industrials
Sector Strength
63
Industry
Rental & Leasing Services

Hing Ming Holdings Ltd Business Overview & Revenue Model

Company Description

Hing Ming Holdings Limited specializes in the rental of industrial equipment, primarily offering temporary suspended working platforms. Their equipment roster also includes heavier machinery like tower cranes and power generators. Beyond rentals, the...

How the Company Makes Money

The company makes money mainly by providing subcontracting services for construction projects and recognizing revenue from contracts with customers. Its key revenue stream is project-based income earned for carrying out wet trades works (e.g., plaste...

Hing Ming Holdings Ltd Financial Statement Overview

Summary

Inconsistent profitability with net losses in multiple years eroding equity, offset by stable operating cash flows and a solid asset base.

Income Statement

40Negative

Balance Sheet

50Neutral

Cash Flow

60Neutral
Financial statement breakdown
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue172.13M108.49M106.06M107.81M98.23M75.44M
Gross Profit45.51M29.85M22.92M23.92M25.58M18.85M
EBITDA25.82M33.65M153.00K22.43M25.82M15.34M
Net Income-12.44M3.16M-24.70M-568.00K2.37M-3.04M
Balance Sheet
Total Assets174.07M174.07M183.69M181.13M178.66M178.90M
Cash, Cash Equivalents and Short-Term Investments15.41M13.31M12.37M13.29M14.21M30.42M
Total Debt50.58M50.58M52.57M17.28M19.50M30.54M
Total Liabilities78.72M78.72M91.49M64.24M61.20M57.54M
Stockholders Equity95.35M95.35M92.19M116.89M117.46M121.35M
Cash Flow
Free Cash Flow1.25M16.32M-30.75M12.08M-6.68M4.43M
Operating Cash Flow34.10M26.49M24.79M31.65M30.65M15.38M
Investing Cash Flow-21.27M-10.14M-44.40M-18.88M-36.97M-10.68M
Financing Cash Flow-10.41M-15.41M18.69M-13.69M-9.90M11.92M

Hing Ming Holdings Ltd Technical Analysis

Technical Analysis SentimentNeutral
Last Price0.12

Price Trends

50DMA0.12Positive
100DMA0.10Positive
200DMA0.09Positive

Market Momentum

MACD0.00Positive
RSI37.15Neutral
STOCH40.07Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8425, the sentiment is Neutral. The current price of 0.12 is below the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.12, and above the 200-day MA of 0.09, indicating a neutral trend. The MACD of 0.00 indicates Positive momentum. The RSI at 37.15 is Neutral, neither overbought nor oversold. The STOCH value of 40.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:8425.

Hing Ming Holdings Ltd Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

HK:8425 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:1496HK:149668NeutralHKD 170.21M15.894.55%4.31%-9.62%-12.06%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
HK:8425HK:842562NeutralHKD 43.62M9.204.99%―2.29%―
HK:9930HK:993045NeutralHKD 1.84B10.491.30%2.78%-15.72%-76.99%
HK:0936HK:093641NeutralHKD 259.70M51.0412.53%―-3.26%―
HK:1341HK:134137UnderperformHKD 244.10M-0.01-19.11%―-37.24%―

* Industrials Sector Average

Performance Comparison

0%100%200%HK:8425HK:0936HK:1341HK:1496HK:0254HK:9930Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:8425 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:8425Hing Ming Holdings Ltd0.120.0110.48%
HK:0936Kaisa Capital Investment Holdings Limited0.24-0.16-38.75%
HK:1341Hao Tian International Construction Investment Group Limited0.02-0.18-88.94%
HK:1496AP Rentals Holdings Ltd.0.200.0533.11%
HK:0254National United Resources Holdings Limited0.16-0.16-49.38%
HK:9930Horizon Construction Development Limited0.57-0.55-48.93%
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: Sep 29, 2026