Want to see HK:9900 full AI Analyst Report?
Top Page
Gain Plus Holdings Limited
(9900)
Select Model
Select Model
Rating:48Neutral
Price Target:
HK$4.50
â–¼(-23.08% Downside)
Action:Reiterated
Date:03/24/26
The score is held up mainly by a conservative balance sheet with very low leverage, but is weighed down by weakening revenue/margins, inconsistent cash generation, bearish technical signals (below key moving averages with negative MACD), and a very high P/E multiple.
Positive Factors
Conservative balance sheet
Extremely low leverage and a sizable equity base materially reduce financial risk and preserve flexibility. This durable strength supports capital allocation through cycles, lowers refinancing pressure, and gives management optionality to fund projects or weather downturns without needing external debt.
Negative Factors
Revenue decline and margin compression
Sustained top-line weakness and gross/net margin compression materially reduce earnings power and reinvestment capacity. Low single-digit margins limit ability to self-fund growth, erode returns on capital, and increase sensitivity to contract pricing or input-cost shocks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Extremely low leverage and a sizable equity base materially reduce financial risk and preserve flexibility. This durable strength supports capital allocation through cycles, lowers refinancing pressure, and gives management optionality to fund projects or weather downturns without needing external debt.
Read all positive factors
Gain Plus Holdings Limited (9900) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$16.32B
Dividend Yield12.86%
Average Volume (3M)2.39M
Price to Earnings (P/E)2250.0
Beta (1Y)-0.77
Revenue Growth-33.25%
EPS Growth-77.88%
CountryHK
Employees132
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)<0.01
Shares Outstanding2,976,000,000
10 Day Avg. Volume2,534,287
30 Day Avg. Volume2,389,695
Financial Highlights & Ratios
PEG Ratio-19.67
Price to Book (P/B)43.11
Price to Sales (P/S)15.38
P/FCF Ratio0.00
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
Gain Plus Holdings Limited Business Overview & Revenue Model
Company Description
Hong Kong Zcloud Technology Construction Limited, an investment holding company, engages in the provision of subcontracting works for public and private sectors in Hong Kong. The company also provides repair, maintenance, addition, and alteration ...
Gain Plus Holdings Limited Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
78
Positive
Cash Flow
45
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 851.15M | 1.28B | 1.15B | 1.21B | 1.06B |
| Gross Profit | 24.89M | 62.72M | 60.05M | 84.66M | 54.71M |
| EBITDA | 5.91M | 42.03M | 27.35M | 69.34M | 20.96M |
| Net Income | 6.97M | 31.05M | 27.70M | 56.76M | 13.32M |
Balance Sheet | |||||
| Total Assets | 360.83M | 430.27M | 351.67M | 368.24M | 323.97M |
| Cash, Cash Equivalents and Short-Term Investments | 210.69M | 165.88M | 140.12M | 202.58M | 81.77M |
| Total Debt | 931.00K | 1.68M | 284.00K | 0.00 | 3.97M |
| Total Liabilities | 58.19M | 131.24M | 81.70M | 80.10M | 92.51M |
| Stockholders Equity | 303.72M | 296.75M | 265.69M | 288.21M | 231.45M |
Cash Flow | |||||
| Free Cash Flow | 0.00 | 16.21M | -23.14M | 130.14M | 36.17M |
| Operating Cash Flow | 0.00 | 16.21M | -20.34M | 131.58M | 39.06M |
| Investing Cash Flow | 0.00 | -260.00K | 8.04M | 2.70M | -39.25M |
| Financing Cash Flow | 0.00 | -6.29M | -50.51M | -3.98M | -4.01M |
Gain Plus Holdings Limited Technical Analysis
Negative
5.85
Price Trends
5.79
Negative
5.68
Negative
5.61
Negative
Market Momentum
-0.09
Positive
46.67
Neutral
33.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9900, the sentiment is Negative. The current price of 5.85 is above the 20-day moving average (MA) of 5.82, above the 50-day MA of 5.79, and above the 200-day MA of 5.61, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 46.67 is Neutral, neither overbought nor oversold. The STOCH value of 33.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9900.
Gain Plus Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$1.80B | 3.88 | 15.72% | 12.10% | -12.79% | -0.62% | |
67 Neutral | HK$44.16B | 5.25 | 10.83% | 7.13% | -14.20% | -12.79% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
51 Neutral | HK$1.52B | 17.46 | 0.59% | 3.20% | 8.21% | -57.24% | |
48 Neutral | HK$16.32B | 2,250.00 | 2.31% | 12.86% | -33.25% | -77.88% | |
46 Neutral | HK$14.41B | 52.37 | 8.67% | 0.40% | 0.61% | 61.74% | |
42 Neutral | HK$221.22M | -1.10 | -15.28% | 5.18% | 13.50% | -106.11% |
* Industrials Sector Average
HK:9900
Gain Plus Holdings Limited
5.40
3.08
132.76%
HK:0240
Build King Holdings
1.44
0.23
19.19%
HK:3311
China State Construction International Holdings
8.51
-1.45
-14.52%
HK:0406
Yau Lee Holdings Limited
0.51
-0.21
-29.86%
HK:2355
Baoye Group Co., Ltd. Class H
3.06
-0.99
-24.46%
HK:2068
China Aluminum International Engineering Corporation Limited Class H
1.82
-0.56
-23.42%
Gain Plus Holdings Limited Corporate Events
Hong Kong ZCloud Technology Construction Names Liu Zhiyi as Executive Director
Feb 2, 2026
Hong Kong ZCloud Technology Construction Limited has appointed Mr. Liu Zhiyi as an executive director with effect from 2 February 2026, strengthening its board with a seasoned professional in mobile communications, internet system development, inf...
Hong Kong ZCloud Technology Construction Sets Out Board and Committee Structure
Feb 2, 2026
Hong Kong ZCloud Technology Construction Limited has announced the current composition of its board of directors, led by Chairman and Chief Executive Officer Wong Howard, alongside executive directors Lau Ka Ho and Liu Zhiyi, and three independent...
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.