Carrianna Group Holdings Company Limited (0126) AI Stock Analysis

• Market Cap: HK$193.28M
• Dividend Yield: N/A
• Average Volume (3M): 69.53K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.48
• Revenue Growth: -6.71%
• EPS Growth: 74.72%
• Country: HK
• Employees: 1,290
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Restaurants
• EPS (TTM): -0.02
• Shares Outstanding: 1,571,359,400
• 10 Day Avg. Volume: 70,000
• 30 Day Avg. Volume: 69,533
• PEG Ratio: 0.04
• Price to Book (P/B): 0.09
• Price to Sales (P/S): 0.44
• P/FCF Ratio: 1.38
• 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: 45 Neutral
• Price Target: HK$0.12 ▲(0.00% Upside)
• Action: Reiterated Date: 12/03/25
• Date: Action: Reiterated 12/03/25

Carrianna Group Holdings faces significant financial and technical challenges. The company's declining revenues and profitability, coupled with bearish technical indicators, weigh heavily on its stock score. The negative P/E ratio and lack of dividend yield further contribute to a low valuation score. Overall, the stock is currently unattractive due to these combined factors.

Positive Factors

Diversified business model

A multi‑segment model spanning property development, hospitality and financial services spreads revenue sources and reduces reliance on a single market cycle. This structural diversification supports steadier cash flow and allows cross‑segment resource allocation and project pipeline resilience over months.

Moderate leverage

A debt-to-equity ratio near 0.59 reflects a balanced capital structure that can support project financing without extreme covenant or refinancing pressure. Moderate leverage preserves borrowing flexibility for development projects while limiting interest burden relative to higher‑geared peers over the medium term.

Positive operating cash flow

Consistent positive operating cash flow shows core operations generate cash, improving short‑term liquidity and ability to service obligations. A relatively high free cash flow to net income ratio suggests operational cash conversion strength that can fund capex or deleveraging initiatives over coming quarters.

Negative Factors

Declining revenue trend

Sustained revenue decline reduces scale economics and weakens project funding ability. Falling top line pressures margins and frees less internal cash for reinvestment, forcing greater reliance on external capital for new developments and hindering recovery unless revenue trends reverse.

Negative returns on equity

A negative ROE signals persistent unprofitability and erosion of shareholder capital. Over months this undermines capacity to attract equity financing, constrains retained earnings for growth, and increases risk of covenant stress if losses continue, limiting strategic flexibility.

Margin compression

Declining gross and operating margins indicate weakened pricing power or rising costs, reducing the firm's resilience to cost shocks. Margin erosion compresses cash available for debt service and investments, forcing either restructuring or lower growth if efficiency gains are not achieved within months.

Carrianna Group Holdings Company Limited Business Overview & Revenue Model

Company Description

Carrianna Group Holdings Company Limited, an investment holding company, engages in the operation of hotel, restaurant, and food businesses in Hong Kong and Mainland China. The company operates through two segments: The Restaurant, Food and Hotel; and Property Investment and Development. It operates Carrianna Chiuchow restaurants; owns and operates the Yiyang Carrianna International Hotel in Yiyang, Hunan province, and the Carrianna Hotel in Foshan, Guangdong province; and produces moon cakes under the Carrianna brand. The company also develops and sells properties; and leases residential, commercial, and industrial properties. In addition, it builds and operates a trade and logistics center; operates bakeries and data centers; and invests in a wholesale and retail market for consumer goods. The company was formerly known as Tak Sing Alliance Holdings Limited and changed its name to Carrianna Group Holdings Company Limited in June 2013. The company was founded in 1967 and is headquartered in Kwai Chung, Hong Kong.

How the Company Makes Money

Carrianna Group Holdings generates revenue primarily through its real estate developments and property investments, which provide rental income and capital appreciation. The company also earns revenue from its hospitality segment, which includes hotel operations and management. Additionally, Carrianna Group has financial services that may involve investment management and advisory services, contributing to its earnings. Strategic partnerships with local and international developers and investors help enhance its project pipeline and operational efficiencies, further driving its revenue streams.

Carrianna Group Holdings Company Limited Financial Statement Overview

Summary

Carrianna Group Holdings is facing financial challenges, with declining revenues and profitability. The balance sheet shows moderate leverage, but negative returns on equity highlight profitability issues. Cash flow generation is inconsistent, with recent declines in free cash flow growth. The company needs to address its revenue and profitability challenges to improve its financial health.

Income Statement

The company has experienced declining revenue over the past few years, with a negative revenue growth rate of -6.79% in the most recent year. Gross profit margins have decreased from 46.03% in 2021 to 41.92% in 2025. Net profit margins are negative, indicating losses, with a significant net loss in 2025. The EBIT and EBITDA margins have also declined, reflecting operational challenges.

Balance Sheet

The debt-to-equity ratio has remained relatively stable, around 0.59, indicating moderate leverage. However, the return on equity is negative, reflecting the company's inability to generate profits from shareholders' equity. The equity ratio is stable, suggesting a balanced capital structure, but the negative ROE is a concern.

Cash Flow

Operating cash flow has been positive, but free cash flow has shown volatility, with a significant decline in growth in the most recent year. The operating cash flow to net income ratio is low, indicating challenges in converting income into cash. The free cash flow to net income ratio is relatively high, suggesting some efficiency in cash generation despite net losses.

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	578.03M	577.52M	661.86M	683.48M	781.17M	796.03M
Gross Profit	243.52M	242.09M	263.79M	298.89M	374.02M	366.48M
EBITDA	122.01M	18.51M	34.67M	80.11M	222.91M	205.46M
Net Income	-56.65M	-135.19M	-250.25M	-175.68M	3.82M	81.00M
Balance Sheet
Total Assets	5.49B	5.58B	6.13B	6.49B	7.08B	6.77B
Cash, Cash Equivalents and Short-Term Investments	153.11M	234.45M	214.79M	479.21M	518.67M	866.80M
Total Debt	1.66B	1.72B	1.84B	1.88B	1.78B	1.73B
Total Liabilities	2.59B	2.66B	3.04B	2.82B	2.91B	2.85B
Stockholders Equity	2.93B	2.94B	3.12B	3.59B	4.09B	3.84B
Cash Flow
Free Cash Flow	65.64M	182.51M	221.60M	-91.15M	-234.47M	156.40M
Operating Cash Flow	85.52M	205.84M	261.25M	9.90M	-52.96M	203.89M
Investing Cash Flow	-33.18M	82.58M	-244.29M	-11.15M	-118.04M	79.53M
Financing Cash Flow	-107.34M	-252.58M	-197.62M	12.96M	28.16M	-81.17M

Carrianna Group Holdings Company Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.12
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0126, the sentiment is Negative. The current price of 0.12 is below the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.13, and below the 200-day MA of 0.13, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 31.05 is Neutral, neither overbought nor oversold. The STOCH value of 30.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0126.

Carrianna Group Holdings Company Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
2108	58 Neutral	HK$264.00M	25.75	3.56%	―	-4.47%	-58.44%
0703	52 Neutral	HK$91.65M	3.42	3.70%	―	0.41%	-43.14%
1181	52 Neutral	HK$215.21M	-2.31	-18.74%	5.15%	-9.92%	-1260.00%
0126	45 Neutral	HK$193.28M	-2.05	-1.85%	―	-6.71%	74.72%
8213	41 Neutral	HK$99.91M	-4.43	―	―	-58.36%	6.25%
8300	41 Neutral	HK$113.66M	-57.98	―	―	-24.92%	―

Carrianna Group Holdings Company Limited Corporate Events

Carrianna Group to Sell Entire Stake in Subsidiary for HK$45 Million

Carrianna Group Holdings has agreed to sell 100% of the equity interest in a wholly owned target company under a sale and purchase agreement signed on 13 February 2026, with the buyer acquiring all shares in three tranches for a total consideration of HK$45 million. Upon completion of the deal, the target company will cease to be a subsidiary and its results will no longer be consolidated into Carrianna’s group accounts, and the transaction qualifies as a discloseable transaction under Hong Kong listing rules, triggering notification and announcement obligations for the company and informing investors of a shift in its asset portfolio.

The disposal is structured with an initial HK$10 million payment due at first tranche completion, reflecting a staged exit that may help manage execution risk and cash flow for both sides. While specific strategic uses of proceeds are not disclosed, the move signals a rebalancing of Carrianna’s holdings and could streamline its operational focus, with implications for shareholders as the group adjusts its consolidated earnings base and compliance posture under Chapter 14 requirements.

The most recent analyst rating on (HK:0126) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Carrianna Group Holdings Company Limited stock, see the HK:0126 Stock Forecast page.