Central Development Holdings Limited (HK:0475)
:0475
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Central Development Holdings Limited
(0475)
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Rating:43Neutral
Price Target:
HK$0.37
▼(-33.57% Downside)
Action:ReiteratedDate:03/24/26
The score is held down primarily by weak financial performance, driven by negative equity, high leverage, and renewed cash burn, despite improving revenue and narrowing losses. Technicals also remain bearish with the price below key moving averages and negative MACD. Valuation provides limited support because the P/E is negative and no dividend yield is available.
Positive Factors
Revenue Recovery
Revenue improvement in 2025 demonstrates the company can grow top-line after prior weakness. Sustained revenue recovery over the next 2–6 months would help absorb fixed costs, support operating leverage, and provide a clearer runway for returning to consistent profitability and stronger cash generation.
Negative Factors
Negative Equity & High Leverage
Negative equity combined with large debt balances weakens the capital base and raises refinancing and solvency concerns. Over the medium term this limits financial flexibility, increases borrowing costs, and heightens the risk of covenant breaches or forced deleveraging actions absent material balance‑sheet repair.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Recovery
Revenue improvement in 2025 demonstrates the company can grow top-line after prior weakness. Sustained revenue recovery over the next 2–6 months would help absorb fixed costs, support operating leverage, and provide a clearer runway for returning to consistent profitability and stronger cash generation.
Read all positive factors
Central Development Holdings Limited (0475) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$184.84M
Dividend YieldN/A
Average Volume (3M)27.20K
Price to Earnings (P/E)―
Beta (1Y)-0.35
Revenue Growth13.38%
EPS Growth33.42%
CountryHK
Employees69
SectorEnergy
Sector Strength52
IndustrySolar
Share Statistics
EPS (TTM)-0.03
Shares Outstanding499,581,000
10 Day Avg. Volume4,200
30 Day Avg. Volume27,200
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)-14.03
Price to Sales (P/S)0.75
P/FCF Ratio-7.91
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
Central Development Holdings Limited Business Overview & Revenue Model
Company Description
Central Development Holdings Limited, an investment holding company, engages in the design, manufacture, and wholesale of fine jewelry products primarily in the People's Republic of China and Hong Kong. The company operates through Jewelry Busines...
Central Development Holdings Limited Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
16
Very Negative
Cash Flow
22
Negative
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 209.27M | 228.10M | 188.55M | 247.89M | 193.11M | 56.22M |
| Gross Profit | 9.48M | 11.28M | 7.74M | 4.64M | 8.21M | 2.18M |
| EBITDA | 5.66M | 2.26M | -13.45M | -455.00K | -1.90M | -15.67M |
| Net Income | -20.09M | -19.17M | -31.05M | -11.91M | -13.98M | -24.61M |
Balance Sheet | ||||||
| Total Assets | 258.89M | 263.83M | 259.32M | 256.01M | 242.04M | 235.12M |
| Cash, Cash Equivalents and Short-Term Investments | 20.20M | 16.96M | 16.29M | 13.12M | 20.09M | 37.30M |
| Total Debt | 209.20M | 201.44M | 170.43M | 149.79M | 149.46M | 140.94M |
| Total Liabilities | 254.70M | 251.95M | 231.49M | 201.60M | 187.12M | 181.80M |
| Stockholders Equity | -20.45M | -12.26M | 3.94M | 29.86M | 24.20M | 22.79M |
Cash Flow | ||||||
| Free Cash Flow | 5.38M | -21.75M | -10.10M | 8.40M | -28.50M | -3.40M |
| Operating Cash Flow | 5.67M | -21.46M | -9.98M | 9.14M | -28.17M | -1.01M |
| Investing Cash Flow | -291.00K | -230.00K | -70.00K | -1.65M | -94.00K | -22.39M |
| Financing Cash Flow | -4.80M | 22.85M | 13.71M | -13.17M | 9.65M | 19.76M |
Central Development Holdings Limited Technical Analysis
Negative
0.56
Price Trends
0.43
Negative
0.44
Negative
0.49
Negative
Market Momentum
-0.02
Positive
40.21
Neutral
83.25
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0475, the sentiment is Negative. The current price of 0.56 is above the 20-day moving average (MA) of 0.39, above the 50-day MA of 0.43, and above the 200-day MA of 0.49, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 40.21 is Neutral, neither overbought nor oversold. The STOCH value of 83.25 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0475.
Central Development Holdings Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
48 Neutral | HK$34.11M | -1.55 | -120.57% | ― | ― | 50.51% | |
45 Neutral | HK$100.69M | -0.80 | ― | ― | 3.70% | -42.25% | |
44 Neutral | HK$75.07M | -1.44 | -11.75% | ― | -11.09% | 69.57% | |
43 Neutral | HK$184.84M | -5.85 | 122.88% | ― | 13.38% | 33.42% | |
43 Neutral | HK$249.28M | -0.84 | -24.72% | ― | -43.94% | -162.54% | |
43 Neutral | HK$324.43M | -0.29 | -56.71% | ― | -29.43% | -752.95% |
* Energy Sector Average
HK:0475
Central Development Holdings Limited
0.37
-0.13
-26.00%
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0.08
0.01
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IRICO Group New Energy Co. Ltd. Class H
1.84
-0.34
-15.60%
HK:0712
Comtec Solar Systems Group Ltd.
0.10
0.03
46.15%
HK:1421
Kingbo Strike Ltd.
0.38
0.17
86.57%
HK:8111
China Technology Industry Group Limited
0.07
-0.04
-37.29%
Central Development Holdings Limited Corporate Events
Central Development Wins Shareholder Backing for HK$35 Million Loan-to-Equity Deal
Jan 20, 2026
Central Development Holdings Limited has secured shareholder approval at its extraordinary general meeting for a loan capitalisation arrangement involving the conversion of HK$35 million of an unsecured shareholder loan owed to major shareholder M...
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.