Golden Resources Development International Limited (0677) AI Stock Analysis

• Market Cap: HK$594.09M
• Dividend Yield: 6.67%
• Average Volume (3M): 711.70K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.20
• Revenue Growth: 0.09%
• EPS Growth: -274.36%
• Country: HK
• Employees: 4,460
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Food Distribution
• EPS (TTM): -0.01
• Shares Outstanding: 1,697,406,500
• 10 Day Avg. Volume: 921,800
• 30 Day Avg. Volume: 711,700
• PEG Ratio: 0.35
• Price to Book (P/B): 0.46
• Price to Sales (P/S): 0.28
• P/FCF Ratio: 2.89
• 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: 58 Neutral
• Price Target: HK$0.50 ▲(42.86% Upside)

The overall stock score is primarily influenced by financial performance challenges, particularly in profitability, despite strong cash flow management. Technical analysis shows moderate bullish momentum, but valuation concerns due to a negative P/E ratio are offset by a high dividend yield.

Positive Factors

Cash Flow Management

Strong cash flow management indicates the company's ability to generate cash efficiently, providing a buffer against profitability challenges and supporting future investments.

Stable Balance Sheet

A stable balance sheet with manageable leverage ensures financial stability and provides flexibility for strategic investments and growth opportunities.

Diversified Revenue Streams

Diversified revenue streams reduce dependency on any single market, enhancing resilience against sector-specific downturns and supporting long-term growth.

Negative Factors

Declining Revenue Growth

Declining revenue growth can impact the company's ability to sustain operations and invest in future growth, posing a risk to long-term financial health.

Negative Net Income

Negative net income reflects operational inefficiencies and challenges in maintaining profitability, which could hinder reinvestment and shareholder returns.

Negative Return on Equity

Negative return on equity indicates inefficiencies in generating shareholder returns, potentially affecting investor confidence and capital raising capabilities.

Golden Resources Development International Limited Business Overview & Revenue Model

Company Description

Golden Resources Development International Limited, an investment holding company, engages in the sourcing, importing, wholesaling, processing, packaging, marketing, and distributing of rice in Hong Kong, Vietnam, and internationally. The company operates through Convenience Store Operation, Rice Operation, Securities Investment, and Property Investment. It is also involved in the operation of convenience stores; investment in equity and debt securities; and property investment, holding, and development activities. In addition, the company offers information technology, warehousing, logistics, money lending, and rice re-exporting services; holds trademarks. It markets approximately 30 brands of processed rice, including Golden Elephant, Kangaroo, Kam Heung Premium, Golden Boat, Cherry Blossom Castle, Amstar, Krampton, Kwai Fa, Tiwo, Jewellery, White Swan, Golden Harbour, and Green Field brands. The company was founded in 1946 and is headquartered in Tsing Yi Island, Hong Kong.

How the Company Makes Money

Golden Resources Development International Limited generates revenue through several key streams. Primarily, it earns income from the sale and leasing of developed properties in its portfolio, capitalizing on the growing demand for residential and commercial spaces in urban areas. The company also receives management fees from its property management services, which provide a steady income stream. Beyond real estate, Golden Resources may engage in financial investments and trading activities, generating additional revenue from capital gains and interest income. Strategic partnerships with local developers and financial institutions further bolster its revenue potential, allowing the company to leverage synergies and enhance its market presence.

Golden Resources Development International Limited Financial Statement Overview

Summary

Golden Resources Development International Limited faces challenges in profitability, with declining revenue and negative net income. The balance sheet is stable, but the negative return on equity is concerning. Strong cash flow management is a positive aspect, indicating potential for future improvements.

Income Statement

The income statement shows a concerning trend with declining revenue growth and negative net profit margin in the latest period. Gross profit margin remains relatively stable, but the significant drop in EBIT and EBITDA margins indicates operational challenges. The company needs to address these profitability issues to improve its financial health.

Balance Sheet

The balance sheet reflects moderate leverage with a debt-to-equity ratio of 0.38, which is manageable. However, the negative return on equity in the latest period is a red flag, indicating inefficiencies in generating returns for shareholders. The equity ratio remains stable, suggesting a solid asset base.

Cash Flow

Cash flow analysis reveals a positive trend with growing free cash flow, despite a decline in net income. The operating cash flow to net income ratio is healthy, indicating strong cash generation relative to earnings. The company demonstrates good cash flow management, which is a positive sign amidst profitability challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.08B	2.08B	2.07B	2.06B	1.77B	1.61B
Gross Profit	794.50M	794.50M	804.53M	787.90M	637.89M	599.75M
EBITDA	188.99M	231.52M	348.90M	315.74M	230.72M	236.05M
Net Income	-14.47M	-14.47M	106.85M	128.68M	18.70M	40.21M
Balance Sheet
Total Assets	2.10B	2.10B	2.08B	1.89B	1.81B	1.68B
Cash, Cash Equivalents and Short-Term Investments	385.44M	385.44M	369.12M	549.61M	632.59M	640.17M
Total Debt	481.49M	481.49M	425.87M	377.28M	371.82M	293.26M
Total Liabilities	790.54M	790.54M	721.55M	627.95M	629.62M	504.56M
Stockholders Equity	1.27B	1.27B	1.32B	1.23B	1.14B	1.17B
Cash Flow
Free Cash Flow	199.51M	199.51M	142.63M	61.97M	99.47M	229.96M
Operating Cash Flow	262.12M	262.12M	211.30M	268.99M	162.11M	273.05M
Investing Cash Flow	-12.46M	-12.46M	1.42M	-300.36M	-11.89M	30.44M
Financing Cash Flow	-202.85M	-202.85M	-193.54M	-169.45M	-161.45M	-147.36M

Golden Resources Development International Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.35
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0677, the sentiment is Positive. The current price of 0.35 is above the 20-day moving average (MA) of 0.35, above the 50-day MA of 0.34, and above the 200-day MA of 0.33, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.46 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0677.

Golden Resources Development International Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1587	71 Outperform	HK$414.80M	9.05	8.56%	3.63%	3.24%	47.81%
8413	65 Neutral	HK$206.84M	255.71	0.79%	―	-1.30%	-61.11%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
0677	58 Neutral	HK$594.09M	-17.16	-2.66%	6.67%	0.09%	-274.36%
1705	56 Neutral	HK$152.00M	8.60	10.63%	12.66%	0.15%	-33.33%
0374	51 Neutral	HK$1.03B	371.23	0.23%	3.51%	0.55%	-88.72%
8491	48 Neutral	HK$183.36M	-8.10	-14.15%	―	-2.25%	58.33%

Golden Resources Development International Limited Corporate Events

Golden Resources Reports Interim Loss Amid Property Revaluation Gains

Golden Resources Development International Limited reported its unaudited interim results for the six months ended September 30, 2025, showing a revenue of HK$1,044,928,000, a slight increase from the previous year. Despite a gross profit of HK$398,835,000, the company experienced a loss of HK$24,191,000 for the period, primarily due to increased selling and distribution costs and a deficit on revaluation of investment properties. However, the company reported a total comprehensive income of HK$48,599,000, driven by a significant surplus on property revaluation.

The most recent analyst rating on (HK:0677) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Golden Resources Development International Limited stock, see the HK:0677 Stock Forecast page.

Golden Resources Declares Interim Dividend for 2025/2026

Golden Resources Development International Limited has announced its interim results for the six months ending September 30, 2025. The company declared an ordinary interim dividend of HKD 0.011 per share, with the payment date set for January 16, 2026. This announcement reflects the company’s ongoing commitment to providing returns to its shareholders, indicating stable financial performance and potentially positive implications for investor confidence.

The most recent analyst rating on (HK:0677) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Golden Resources Development International Limited stock, see the HK:0677 Stock Forecast page.

Golden Resources Development International Limited Announces Upcoming Board Meeting

Golden Resources Development International Limited has announced a board meeting scheduled for November 27, 2025, to discuss and approve the unaudited interim results for the six months ending September 30, 2025, and to consider the payment of an interim dividend. This announcement may impact the company’s financial performance and stakeholder interests, as it involves key decisions regarding financial results and potential dividend distributions.

The most recent analyst rating on (HK:0677) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Golden Resources Development International Limited stock, see the HK:0677 Stock Forecast page.

Golden Resources Issues Profit Warning Amid Increased Costs

Golden Resources Development International Limited has issued a profit warning, indicating an expected loss of approximately HK$24.7 million for the six months ending September 30, 2025, compared to a HK$4.6 million loss in the same period in 2024. The increase in loss is attributed to higher selling and distribution costs and increased impairment losses, partially offset by decreased deficits on investment property revaluation, reduced administrative and tax expenses, and a rise in gross profit. The company is finalizing its interim results, which are expected to be announced by the end of November 2025.

The most recent analyst rating on (HK:0677) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Golden Resources Development International Limited stock, see the HK:0677 Stock Forecast page.