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Gain Plus Holdings Limited (9900) AI Stock Analysis
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Gain Plus Holdings Limited
(HKEX:9900)
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.
Gain Plus Holdings Limited (9900) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 17.63B
- Dividend Yield
- ―
- Average Volume (3M)
- 3.07M
- Price to Earnings (P/E)
- 2468.8
- Beta (1Y)
- -0.88
- Revenue Growth
- -33.25%
- EPS Growth
- -77.88%
- Country
- Hong Kong
- Employees
- 132
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Engineering & Construction
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 (RM...
Gain Plus Holdings Limited Financial Statement Overview
Summary
Mixed fundamentals: income statement is under pressure (revenue declines in 2024–2025 and margin compression) and cash flow has been lumpy with negative operating cash flow in 2024, offset by a strong, low-leverage balance sheet that reduces financial risk.
Income Statement
52NeutralBalance Sheet
78PositiveCash Flow
45Neutral| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 851.15M | 851.15M | 1.28B | 1.15B | 1.21B | 1.06B |
| Gross Profit | 24.89M | 24.89M | 62.72M | 60.05M | 84.66M | 54.71M |
| EBITDA | 8.33M | 5.91M | 42.03M | 27.35M | 69.34M | 20.96M |
| Net Income | 6.97M | 6.97M | 31.05M | 27.70M | 56.76M | 13.32M |
Balance Sheet | ||||||
| Total Assets | 360.83M | 360.83M | 430.27M | 351.67M | 368.24M | 323.97M |
| Cash, Cash Equivalents and Short-Term Investments | 210.69M | 210.69M | 165.88M | 140.12M | 202.58M | 81.77M |
| Total Debt | 931.00K | 931.00K | 1.68M | 284.00K | 0 | 3.97M |
| Total Liabilities | 58.19M | 58.19M | 131.24M | 81.70M | 80.10M | 92.51M |
| Stockholders Equity | 303.72M | 303.72M | 296.75M | 265.69M | 288.21M | 231.45M |
Cash Flow | ||||||
| Free Cash Flow | 60.09M | 0 | 16.21M | -23.14M | 130.14M | 36.17M |
| Operating Cash Flow | 60.42M | 0 | 16.21M | -20.34M | 131.58M | 39.06M |
| Investing Cash Flow | 237.00K | 0 | -260.00K | 8.04M | 2.70M | -39.25M |
| Financing Cash Flow | -398.00K | 0 | -6.29M | -50.51M | -3.98M | -4.01M |
Gain Plus Holdings Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9900, the sentiment is Neutral. The current price of 5.92 is below the 20-day moving average (MA) of 6.00, above the 50-day MA of 5.66, and above the 200-day MA of 5.69, indicating a neutral trend. The MACD of 0.11 indicates Positive momentum. The RSI at 50.79 is Neutral, neither overbought nor oversold. The STOCH value of 61.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:9900.
Gain Plus Holdings Limited Peers Comparison
Overall Rating
HK:024084Outperform
HK:331174Outperform
HK:235562Neutral- HK:990048Neutral
HK:206846Neutral
HK:040634Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:0240 | 84Outperform | HKD 1.73B | 3.76 | 15.72% | 12.19% | -12.79% | -0.62% |
| HK:3311 | 74Outperform | HKD 45.85B | 5.36 | 10.83% | 7.08% | -14.20% | -12.79% |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| HK:2355 | 62Neutral | HKD 1.48B | 16.04 | 0.59% | 3.46% | 8.21% | -57.24% |
| HK:9900 | 48Neutral | HKD 17.63B | 2468.75 | 2.31% | ― | -33.25% | -77.88% |
| HK:2068 | 46Neutral | HKD 12.63B | 47.41 | 6.12% | ― | -5.74% | 187.89% |
| HK:0406 | 34Underperform | HKD 216.84M | -1.07 | -15.28% | ― | 13.50% | -106.11% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:9900 | Gain Plus Holdings Limited | 5.92 | 2.35 | 65.97% | |
| HK:0240 | Build King Holdings | 1.39 | -0.01 | -0.43% | |
| HK:3311 | China State Construction International Holdings | 8.68 | 0.33 | 3.90% | |
| HK:0406 | Yau Lee Holdings Limited | 0.49 | -0.20 | -29.29% | |
| HK:2355 | Baoye Group Co., Ltd. Class H | 2.83 | -1.18 | -29.34% | |
| HK:2068 | China Aluminum International Engineering Corporation Limited Class H | 1.53 | -1.07 | -40.96% |
Gain Plus Holdings Limited Corporate Events
Hong Kong ZCloud Technology Construction Names Liu Zhiyi as Executive Director
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, inform...
Hong Kong ZCloud Technology Construction Sets Out Board and Committee Structure
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 no...
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: Mar 24, 2026