Dynamic Holdings Limited (0029) AI Stock Analysis

• Market Cap: HK$3.01B
• Dividend Yield: 0.08%
• Average Volume (3M): 144.53K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.77
• Revenue Growth: -6.63%
• EPS Growth: -101.17%
• Country: HK
• Employees: 50
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): -0.09
• Shares Outstanding: 237,703,670
• 10 Day Avg. Volume: 87,600
• 30 Day Avg. Volume: 144,534
• PEG Ratio: <0.01
• Price to Book (P/B): 0.25
• Price to Sales (P/S): 27.10
• P/FCF Ratio: -43.16
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: HK$14.00 ▲(7.94% Upside)

Dynamic Holdings Limited demonstrates strong financial performance with significant revenue growth and efficient operations, but is hampered by cash flow issues. Technical indicators suggest neutral to weak momentum, and while the dividend yield is appealing, the negative P/E ratio raises concerns about valuation. These factors contribute to a moderate overall stock score.

Positive Factors

Strong Revenue Growth

The significant revenue growth indicates robust market demand and successful business expansion, enhancing the company's market position and long-term profitability.

Efficient Cost Management

High gross profit margins reflect efficient cost management, which supports sustainable profitability and competitive advantage in the real estate sector.

Strong Governance Structure

Improved governance structure with diverse and independent board enhances decision-making and stakeholder confidence, supporting long-term strategic goals.

Negative Factors

Negative Free Cash Flow

Negative free cash flow indicates operational cash constraints, which could limit the company's ability to invest in growth and manage financial obligations effectively.

Challenges in Cash Conversion

Difficulty in converting net income to cash flow suggests potential inefficiencies in operations, posing risks to liquidity and financial stability.

Modest Return on Equity

A modest return on equity indicates potential underutilization of equity, which could hinder the company's ability to generate shareholder value over time.

Dynamic Holdings Limited Business Overview & Revenue Model

Company Description

Dynamic Holdings Limited, an investment holding company, engages in the investment and development of properties in the People's Republic of China and Hong Kong. The company's investment properties portfolio comprises offices, shopping malls, and car parks, as well as residential properties. It is also involved in the provision of nominee, management, financing, and management consultancy services. Dynamic Holdings Limited was founded in 1992 and is based in Causeway Bay, Hong Kong.

How the Company Makes Money

Dynamic Holdings Limited generates revenue through multiple streams within the real estate sector. The primary sources of income include sales of developed properties, rental income from leased properties, and property management services. The company also earns revenue through strategic property investments and joint ventures, which may include partnerships with other real estate firms or financial institutions. Market conditions, property values, and occupancy rates significantly impact the company's earnings, along with its ability to successfully develop and manage its property portfolio.

Dynamic Holdings Limited Financial Statement Overview

Summary

Dynamic Holdings Limited shows strong revenue growth and efficient cost management, evidenced by a high gross profit margin. However, cash flow concerns arise from negative free cash flow and challenges in converting net income to cash flow. The balance sheet is solid with low leverage but could improve in equity utilization.

Income Statement

Dynamic Holdings Limited has shown a substantial increase in total revenue from HK$87.4 million in 2023 to HK$12.7 billion in 2024, indicating significant growth. The gross profit margin is exceptionally high at 99.8%, suggesting efficient cost management. However, the net profit margin at 42.1% is slightly lower due to high operational expenses. The EBIT margin is strong at 99.6%, though the negative EBITDA suggests potential issues in cash generation from operations. Overall, the income statement reflects strong revenue growth and efficient operations, albeit with some cash flow concerns.

Balance Sheet

The balance sheet of Dynamic Holdings Limited is robust, with a debt-to-equity ratio of 0.0008, indicating low leverage and a strong equity base. The equity ratio stands at 48.7%, reflecting balanced asset management. However, the return on equity is relatively modest at 72.8%, which could be improved by more efficient use of equity. The company maintains reasonable liquidity with substantial cash reserves, mitigating potential financial risks.

Cash Flow

Cash flow analysis indicates a concerning trend with negative free cash flow of HK$-41.8 million in 2024, down from positive HK$19.5 million in 2023. The operating cash flow to net income ratio is negative, highlighting challenges in converting net income into cash flow. Despite a high free cash flow to net income ratio in 2023, the recent decline suggests operational cash constraints. This area presents potential risks that need addressing to stabilize cash flow.

Breakdown	TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement
Total Revenue	67.05M	66.57M	87.45M	90.17M	91.37M	95.06M
Gross Profit	53.84M	77.68M	62.47M	65.20M	63.27M	68.60M
EBITDA	11.60M	-8.17M	24.01M	23.23M	21.41M	34.01M
Net Income	-53.92M	5.35B	6.63M	31.15M	-14.06M	-28.41M
Balance Sheet
Total Assets	14.81B	15.08B	2.40B	2.69B	2.77B	2.52B
Cash, Cash Equivalents and Short-Term Investments	232.84M	422.34M	222.28M	323.11M	339.53M	280.40M
Total Debt	4.57M	5.65M	1.13M	95.34M	101.46M	100.64M
Total Liabilities	7.56B	7.69B	372.15M	509.25M	561.16M	497.92M
Stockholders Equity	7.20B	7.35B	1.99B	2.13B	2.17B	1.99B
Cash Flow
Free Cash Flow	-25.89M	-41.80M	19.47M	5.34M	45.47M	31.11M
Operating Cash Flow	-25.89M	-41.19M	19.49M	5.41M	46.29M	31.28M
Investing Cash Flow	-9.83M	48.49M	36.57M	-5.50M	37.41M	15.12M
Financing Cash Flow	-4.42M	-4.66M	-99.83M	-11.50M	-10.20M	-13.02M

Dynamic Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 12.97
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0029, the sentiment is Neutral. The current price of 12.97 is above the 20-day moving average (MA) of 12.38, above the 50-day MA of 12.02, and above the 200-day MA of 12.76, indicating a neutral trend. The MACD of 0.24 indicates Negative momentum. The RSI at 53.07 is Neutral, neither overbought nor oversold. The STOCH value of 29.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0029.

Dynamic Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
0029	61 Neutral	HK$3.01B	-47.36	-0.85%	0.08%	-6.63%	-101.17%
0266	50 Neutral	HK$949.46M	-8.10	-3.04%	6.22%	-3.09%	62.33%
0410	49 Neutral	HK$2.76B	-26.37	-0.27%	―	-8.37%	67.89%
0105	49 Neutral	HK$1.87B	-8.58	-3.07%	10.10%	-2.39%	61.81%
0108	43 Neutral	HK$9.24B	-10.79	-44.97%	―	-16.28%	-444.68%
0277	42 Neutral	HK$407.53M	25.61	0.63%	1.15%	-8.55%	―

Dynamic Holdings Limited Corporate Events

Dynamic Holdings AGM Resolutions Passed with Overwhelming Support

Dynamic Holdings Limited announced the results of its Annual General Meeting held on December 12, 2025, where all proposed resolutions were passed. These included the approval of financial statements, declaration of dividends, re-election of directors, re-appointment of auditors, and amendments to the company’s bye-laws. The overwhelming support for these resolutions reflects strong shareholder confidence and positions the company for continued stability and governance improvements.

The most recent analyst rating on (HK:0029) stock is a Hold with a HK$14.00 price target. To see the full list of analyst forecasts on Dynamic Holdings Limited stock, see the HK:0029 Stock Forecast page.

Dynamic Holdings Limited Announces 2025 Annual General Meeting

Dynamic Holdings Limited has announced its upcoming annual general meeting scheduled for December 12, 2025, in Hong Kong. The meeting will address ordinary business matters, including the review of financial statements, declaration of a final dividend, re-election of directors, and re-appointment of the auditor. Additionally, special resolutions will be considered, granting the directors authority to purchase the company’s own securities and to issue new shares, which could impact the company’s market positioning and shareholder value.

The most recent analyst rating on (HK:0029) stock is a Hold with a HK$14.00 price target. To see the full list of analyst forecasts on Dynamic Holdings Limited stock, see the HK:0029 Stock Forecast page.