Future Bright Holdings Limited (HK:0703)
:0703
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Future Bright Holdings
(0703)
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Rating:55Neutral
Price Target:
HK$0.13
▲(2.31% Upside)
Action:Reiterated
Date:05/20/26
The score is driven primarily by improved post-turnaround stability and positive cash generation, but capped by very thin recent profitability and low returns on equity with moderate leverage. Technicals are mildly supportive in the short-to-medium term, while valuation is penalized by a negative P/E and no dividend yield data.
Positive Factors
Free Cash Flow Generation
Consistently positive free cash flow across 2023–2025 demonstrates durable cash generation post-turnaround. That cash ability supports working capital, debt service and selective reinvestment even as FCF moderates, offering a structural cushion versus loss-making peers.
Negative Factors
Very Low Net Margins & ROE
Net margins and ROE are extremely thin relative to capital employed, indicating limited profitability after operating and non‑operating costs. Low returns reduce the buffer to absorb shocks, constrain reinvestment capacity and raise the risk the company fails to earn its cost of capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Free Cash Flow Generation
Consistently positive free cash flow across 2023–2025 demonstrates durable cash generation post-turnaround. That cash ability supports working capital, debt service and selective reinvestment even as FCF moderates, offering a structural cushion versus loss-making peers.
Read all positive factors
Future Bright Holdings (0703) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$79.15M
Dividend YieldN/A
Average Volume (3M)173.73K
Price to Earnings (P/E)―
Beta (1Y)0.25
Revenue Growth2.59%
EPS Growth-22.09%
CountryHK
Employees629
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)<0.01
Shares Outstanding694,302,400
10 Day Avg. Volume51,600
30 Day Avg. Volume173,733
Financial Highlights & Ratios
PEG Ratio-0.87
Price to Book (P/B)0.24
Price to Sales (P/S)0.19
P/FCF Ratio1.15
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
Future Bright Holdings Business Overview & Revenue Model
Company Description
Future Bright Holdings Limited, an investment holding company, engages in the food and catering business in Hong Kong, Macau, Mainland China, and Taiwan. The company operates through three segments: Food and Catering, Food Souvenir, and Property I...
How the Company Makes Money
null...
Future Bright Holdings Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
52
Neutral
Cash Flow
64
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 492.47M | 480.04M | 491.11M | 285.06M | 475.42M |
| Gross Profit | 115.85M | 109.43M | 127.12M | -12.89M | 12.31M |
| EBITDA | 101.25M | 66.83M | 125.47M | -46.52M | 34.96M |
| Net Income | 4.63M | 6.01M | 48.59M | -125.61M | -72.95M |
Balance Sheet | |||||
| Total Assets | 964.22M | 958.62M | 1.00B | 949.94M | 1.09B |
| Cash, Cash Equivalents and Short-Term Investments | 69.72M | 32.80M | 42.06M | 26.07M | 36.81M |
| Total Debt | 394.11M | 424.55M | 522.59M | 422.08M | 511.13M |
| Total Liabilities | 608.87M | 608.73M | 647.59M | 654.43M | 683.26M |
| Stockholders Equity | 383.74M | 379.50M | 373.16M | 324.46M | 431.55M |
Cash Flow | |||||
| Free Cash Flow | 80.58M | 93.55M | 112.69M | -34.23M | 12.39M |
| Operating Cash Flow | 92.11M | 109.13M | 124.56M | -21.51M | 16.64M |
| Investing Cash Flow | -13.08M | -15.78M | -11.94M | -12.72M | -4.25M |
| Financing Cash Flow | -44.85M | -102.42M | -96.54M | 18.54M | -46.55M |
Future Bright Holdings Technical Analysis
Negative
0.13
Price Trends
0.12
Negative
0.12
Negative
0.14
Negative
Market Momentum
<0.01
Positive
38.39
Neutral
39.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0703, the sentiment is Negative. The current price of 0.13 is above the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.12, and below the 200-day MA of 0.14, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 38.39 is Neutral, neither overbought nor oversold. The STOCH value of 39.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0703.
Future Bright Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$1.06B | 51.19 | 0.99% | 7.11% | 6.74% | ― | |
66 Neutral | HK$1.15B | 3.97 | 12.32% | 5.56% | 7.49% | 78.21% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | HK$79.15M | -5.78 | 1.20% | ― | 2.59% | -22.09% | |
55 Neutral | HK$2.28B | 19.78 | 5.05% | 6.90% | -3.45% | -50.11% | |
55 Neutral | HK$510.44M | 12.97 | 5.13% | 4.58% | -2.18% | 11.28% | |
50 Neutral | HK$206.79M | 12.23 | 2.32% | 21.88% | 1.02% | -71.48% |
* Consumer Cyclical Sector Average
HK:0703
Future Bright Holdings
0.11
>-0.01
-7.32%
HK:0052
Fairwood Holdings
3.94
-0.94
-19.26%
HK:1314
Tsui Wah Holdings Ltd.
0.15
-0.05
-26.11%
HK:0341
Cafe de Coral Holdings Ltd.
3.97
-2.77
-41.10%
HK:0538
Ajisen (China) Holdings Limited
0.97
0.21
27.63%
HK:6811
Tai Hing Group Holdings Ltd.
1.18
0.25
26.88%
Future Bright Holdings Corporate Events
Future Bright’s Quarterly Profit Slides 68% as Restaurant Turnover Falls
May 19, 2026
Future Bright Holdings reported an unaudited profit attributable to shareholders of HK$2.9 million for the first quarter of 2026, down 68.1% from HK$9.1 million a year earlier, driven by a 3.4% decline in turnover mainly from its Japanese and Chin...
Future Bright renews Venetian Macao ramen outlet lease under new three-year agreement
Apr 30, 2026
Future Bright Holdings’ wholly owned unit Chun Ieng has agreed to renew its right to use Shop No. 2522 at Level 3 of Shoppes at Venetian in The Venetian Macao as a food court stall specialising in ramen, sizzling steak and related Japanese c...
Future Bright Sets 2026 AGM, Seeks Share Issue Mandate and Director Re-elections
Apr 30, 2026
Future Bright Holdings has convened its annual general meeting for 15 June 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 31 December 2025 and consider the re-election of independent non-execu...
Future Bright moves to adopt new bye-laws to support virtual meetings and paperless regime
Apr 21, 2026
Future Bright Holdings plans to overhaul its constitutional documents by replacing its existing bye-laws with a new set, in order to accommodate hybrid and fully electronic general meetings where shareholders can attend and vote electronically. Th...
Future Bright Holdings Grows Revenue but Suffers Profit Decline in 2025
Mar 27, 2026
Future Bright Holdings reported modest top-line growth for the year ended 31 December 2025, with turnover rising 2.6% to HK$492.5 million and gross margin up 4.2% to HK$370.2 million, underscoring resilient revenue and margin performance. Total as...
Future Bright Sets March 2026 Board Meeting to Approve 2025 Results
Mar 17, 2026
Future Bright Holdings has scheduled a board meeting in Hong Kong on 27 March 2026 to review and approve the annual results of the company and its subsidiaries for the year ended 31 December 2025. The board will also consider the payment of a fina...
Future Bright Warns of Deeper Q4 Loss as Full-Year Profit Slips
Mar 13, 2026
Future Bright Holdings has warned of a sharply wider unaudited loss of about HK$12 million for the fourth quarter of 2025, compared with a HK$1.3 million loss a year earlier, even as full-year profit remained positive at HK$4.6 million, down 23.3%...
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.