Mi Ming Mart Holdings Limited (8473) AI Stock Analysis

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Mi Ming Mart Holdings Limited

(HKEX:8473)

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Rating:69Neutral

Price Target:HKD 0.15▲(6.25% Upside)

Action:reiterated

Date:11/11/26

The score is primarily supported by the conservative balance sheet and attractive valuation. These strengths are offset by margin compression and weaker recent cash generation, while technical momentum is positive but exceptionally overbought.

Positive Factors

Conservative LeverageConservative leverage reduces financial strain and preserves flexibility for Mi Ming Mart to manage working capital, maintain stores, or pursue measured growth. A low debt burden also limits refinancing and interest-cost exposure, strengthening resilience if retail conditions weaken.

Negative Factors

Multi-Year Revenue ContractionThe substantial multi-year reduction in revenue indicates that the company’s current retail footprint has not consistently expanded its sales base. A single-year rebound does not yet offset the earlier contraction, which can limit scale benefits and constrain future earnings growth.

Mi Ming Mart Holdings Limited (8473) vs. iShares MSCI Hong Kong ETF (EWH)

Market Cap: HKD 161.28M
Dividend Yield: 21.53%
Average Volume (3M): 620.64K
Price to Earnings (P/E): 13.0
Beta (1Y): 0.18
Revenue Growth: 0.98%
EPS Growth: 146.67%
Country: Hong Kong
Employees: 75
Sector: Consumer Cyclical
Sector Strength: 61
Industry: Specialty Retail

Mi Ming Mart Holdings Limited Business Overview & Revenue Model

Company Description

Mi Ming Mart Holdings Limited, an investment holding enterprise, focuses on the retail of various beauty and wellness products throughout Hong Kong. The company is involved in the marketing, sale, and distribution of skincare lines, cosmetic items, a...

How the Company Makes Money

Mi Ming Mart Holdings Limited primarily makes money by selling consumer goods directly to customers through its Mi Ming Mart retail outlets. Its core revenue stream is retail sales of merchandise (i.e., revenue recognized at the point of sale) across...

Mi Ming Mart Holdings Limited Financial Statement Overview

Summary

The low-leverage balance sheet is a clear strength, but weakening margins, revenue pressure, and declining recent operating and free cash flow reduce the overall financial score.

Income Statement

62Positive

Balance Sheet

82Very Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	119.91M	119.91M	118.74M	148.84M	171.40M	161.05M
Gross Profit	71.46M	71.46M	73.02M	93.28M	110.27M	104.28M
EBITDA	15.21M	15.28M	21.01M	33.16M	33.23M	40.47M
Net Income	12.46M	12.46M	5.08M	14.92M	20.74M	20.12M
Balance Sheet
Total Assets	99.26M	99.26M	154.63M	165.59M	177.36M	177.93M
Cash, Cash Equivalents and Short-Term Investments	37.98M	37.98M	48.34M	62.11M	78.99M	103.38M
Total Debt	10.05M	10.05M	7.86M	10.64M	12.74M	13.46M
Total Liabilities	22.77M	22.77M	50.31M	23.72M	32.44M	32.47M
Stockholders Equity	76.50M	76.50M	104.31M	141.87M	144.92M	145.46M
Cash Flow
Free Cash Flow	14.79M	14.79M	19.78M	15.63M	38.80M	26.76M
Operating Cash Flow	15.11M	15.11M	21.25M	18.76M	40.66M	37.91M
Investing Cash Flow	47.73M	47.73M	999.00K	-8.02M	-12.57M	-47.11M
Financing Cash Flow	-78.77M	-78.77M	-24.03M	-28.55M	-31.98M	-37.43M

Mi Ming Mart Holdings Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price0.14

Price Trends

50DMA0.10Positive

100DMA0.10Positive

200DMA0.11Positive

Market Momentum

MACD0.01Negative

RSI97.79Negative

STOCH78.62Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8473, the sentiment is Positive. The current price of 0.14 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.10, and above the 200-day MA of 0.11, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 97.79 is Negative, neither overbought nor oversold. The STOCH value of 78.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:8473.

Mi Ming Mart Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

HK:8473 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HK:8473	69Neutral	HKD 161.28M	12.97	14.24%	21.53%	0.98%	146.67%
HK:0178	63Neutral	HKD 4.55B	21.98	16.40%	1.87%	11.19%	160.48%
Sector *	61Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
HK:9896	54Neutral	HKD 26.32B	18.68	14.11%	6.06%	30.79%	-44.14%
HK:2411	39Underperform	HKD 2.11B	27.15	2.21%	0.52%	0.94%	―
HK:0653	38Underperform	HKD 49.74M	0.38	6.58%	―	52.42%	96.54%
HK:0814	38Underperform	HKD 103.06M	-0.49	-14.95%	―	-10.98%	-0.28%

* Consumer Cyclical Sector Average

Performance Comparison

HK:8473 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:8473	Mi Ming Mart Holdings Limited	0.14	0.03	30.91%
HK:0653	Bonjour Holdings Limited	0.72	-1.38	-65.71%
HK:0814	Beijing Jingkelong Co. Ltd. Class H	0.25	-0.08	-23.08%
HK:9896	MINISO Group Holding Ltd.	21.54	-19.19	-47.12%
HK:0178	Sa Sa International Holdings Limited	1.44	0.87	154.42%
HK:2411	Shenzhen Pagoda Industrial (Group) Corp. Ltd. Class H	1.11	-0.84	-42.91%

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: Nov 11, 2026

Mi Ming Mart Holdings Limited AI Stock Analysis