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Hing Ming Holdings Ltd
(8425)
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Rating:58Neutral
Price Target:
HK$0.15
▲(61.11% Upside)
Action:Reiterated
Date:09/29/26
The score is primarily capped by uneven financial performance: profits improved in 2026, but revenue contraction, historical volatility, and inconsistent free cash flow reduce confidence in sustainability. Technicals are supportive with the price above major moving averages, but the very high RSI points to overbought risk. Valuation is reasonable at a 10 P/E, though lack of dividend data limits upside support.
Positive Factors
Positive operating cash flow
Consistently positive operating cash flow indicates that the core subcontracting business has generated cash through the cycle, supporting liquidity and day-to-day operations. This provides a foundation for funding project execution and reduces reliance on external financing, even though free cash flow remains less stable.
Negative Factors
Sharp revenue contraction
A roughly 22% revenue decline indicates weaker project volume, measured work, or contract activity and reduces confidence in near-term growth durability. Because the company depends on awarded construction subcontracting work, sustained lower revenue could limit operating leverage and make margin recovery harder to maintain.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive operating cash flow
Consistently positive operating cash flow indicates that the core subcontracting business has generated cash through the cycle, supporting liquidity and day-to-day operations. This provides a foundation for funding project execution and reduces reliance on external financing, even though free cash flow remains less stable.
Read all positive factors
Hing Ming Holdings Ltd (8425) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$52.26M
Dividend YieldN/A
Average Volume (3M)73.33K
Price to Earnings (P/E)11.0
Beta (1Y)0.26
Revenue Growth2.29%
EPS GrowthN/A
CountryHK
Employees33
SectorIndustrials
Sector Strength72
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)0.01
Shares Outstanding376,000,000
10 Day Avg. Volume182,400
30 Day Avg. Volume73,333
Financial Highlights & Ratios
PEG Ratio-0.09
Price to Book (P/B)0.32
Price to Sales (P/S)0.28
P/FCF Ratio1.87
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
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, ...
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., pla...
Hing Ming Holdings Ltd Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
60
Neutral
Cash Flow
52
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 108.49M | 106.06M | 107.81M | 98.23M | 75.44M |
| Gross Profit | 29.85M | 22.92M | 23.92M | 25.58M | 18.85M |
| EBITDA | 33.65M | 153.00K | 22.43M | 25.82M | 15.34M |
| Net Income | 3.16M | -24.70M | -568.00K | 2.37M | -3.04M |
Balance Sheet | |||||
| Total Assets | 174.07M | 183.69M | 181.13M | 178.66M | 178.90M |
| Cash, Cash Equivalents and Short-Term Investments | 13.31M | 12.37M | 13.29M | 14.21M | 30.42M |
| Total Debt | 50.58M | 52.57M | 17.28M | 19.50M | 30.54M |
| Total Liabilities | 78.72M | 91.49M | 64.24M | 61.20M | 57.54M |
| Stockholders Equity | 95.35M | 92.19M | 116.89M | 117.46M | 121.35M |
Cash Flow | |||||
| Free Cash Flow | 16.32M | -30.75M | 12.08M | -6.68M | 4.43M |
| Operating Cash Flow | 26.49M | 24.79M | 31.65M | 30.65M | 15.38M |
| Investing Cash Flow | -10.14M | -44.40M | -18.88M | -36.97M | -10.68M |
| Financing Cash Flow | -15.41M | 18.69M | -13.69M | -9.90M | 11.92M |
Hing Ming Holdings Ltd Technical Analysis
Positive
0.09
Price Trends
0.11
Positive
0.09
Positive
0.09
Positive
Market Momentum
0.01
Negative
88.53
Negative
97.50
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8425, the sentiment is Positive. The current price of 0.09 is below the 20-day moving average (MA) of 0.12, below the 50-day MA of 0.11, and below the 200-day MA of 0.09, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 88.53 is Negative, neither overbought nor oversold. The STOCH value of 97.50 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:8425.
Hing Ming Holdings Ltd Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$178.85M | 16.69 | 4.55% | 4.11% | -9.62% | -12.06% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | HK$52.26M | 11.03 | 4.99% | ― | 2.29% | ― | |
50 Neutral | HK$270.30M | 53.13 | 12.53% | ― | -3.26% | ― | |
49 Neutral | HK$2.09B | 12.03 | 1.30% | 2.44% | -15.72% | -76.99% | |
37 Underperform | HK$266.29M | >-0.01 | -19.11% | ― | -37.24% | ― |
* Industrials Sector Average
HK:8425
Hing Ming Holdings Ltd
0.14
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104.41%
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0.26
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Hao Tian International Construction Investment Group Limited
0.02
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HK:1496
AP Rentals Holdings Ltd.
0.21
0.05
31.85%
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National United Resources Holdings Limited
0.24
-0.06
-19.00%
HK:9930
Horizon Construction Development Limited
0.66
-0.49
-42.79%
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.