Mingfa Group (International) Co. Ltd. (HK:0846)
:0846
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Mingfa Group (International) Co. Ltd.
(0846)
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Rating:41Neutral
Price Target:
HK$0.08
▼(-40.71% Downside)
Action:Reiterated
Date:06/04/26
The score is driven primarily by weak financial performance (persistent losses, revenue decline, and cash flow volatility), with technicals also bearish as the stock trades below key moving averages and MACD remains negative. Valuation is constrained by a negative P/E and no provided dividend yield.
Positive Factors
Moderate leverage
Reported low debt-to-equity provides structural financial flexibility versus highly leveraged peers. Lower headline leverage reduces bankruptcy and refinancing risk during property cycle weakness, helping the firm fund completion or hold assets without immediate distressed sales.
Negative Factors
Multi-year losses and deep 2025 loss
A substantial net loss and sharply negative margins in 2025 erode equity and retained capital, limiting reinvestment capacity. Persistent losses weaken credit profiles and can force asset disposals or dilutive capital raises, impairing long‑term project execution and returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Moderate leverage
Reported low debt-to-equity provides structural financial flexibility versus highly leveraged peers. Lower headline leverage reduces bankruptcy and refinancing risk during property cycle weakness, helping the firm fund completion or hold assets without immediate distressed sales.
Read all positive factors
Mingfa Group (International) Co. Ltd. (0846) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$542.32M
Dividend YieldN/A
Average Volume (3M)178.03K
Price to Earnings (P/E)―
Beta (1Y)0.77
Revenue Growth-37.93%
EPS Growth31.14%
CountryHK
Employees3,382
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.20
Shares Outstanding6,093,451,000
10 Day Avg. Volume161,100
30 Day Avg. Volume178,033
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.04
Price to Sales (P/S)0.14
P/FCF Ratio-1.47
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
Mingfa Group (International) Co. Ltd. Business Overview & Revenue Model
Company Description
As an investment holding company, Mingfa Group (International) Company Limited primarily operates in the People's Republic of China, focusing on property development, property leasing, and hotel management. Its operations are structured into three...
How the Company Makes Money
Mingfa Group primarily makes money through (1) property development sales: revenue is generated from the pre-sale and sale of completed residential and commercial properties, with earnings depending on project launch timing, sales volumes, selling...
Mingfa Group (International) Co. Ltd. Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
58
Neutral
Cash Flow
33
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.39B | 7.03B | 9.52B | 10.57B | 16.42B |
| Gross Profit | 790.77M | 1.52B | 1.94B | 2.34B | 5.01B |
| EBITDA | 7.23M | -964.53M | 324.49M | 1.14B | 3.26B |
| Net Income | -1.23B | -1.79B | -467.13M | 47.96M | 1.88B |
Balance Sheet | |||||
| Total Assets | 57.41B | 62.33B | 70.67B | 71.19B | 73.75B |
| Cash, Cash Equivalents and Short-Term Investments | 574.25M | 1.17B | 1.78B | 2.88B | 3.67B |
| Total Debt | 2.79B | 2.12B | 2.52B | 2.65B | 3.48B |
| Total Liabilities | 40.82B | 45.53B | 51.65B | 51.57B | 54.29B |
| Stockholders Equity | 14.50B | 15.72B | 17.52B | 17.98B | 17.94B |
Cash Flow | |||||
| Free Cash Flow | -417.17M | 1.23B | -487.27M | -259.90M | 737.40M |
| Operating Cash Flow | -385.01M | 1.24B | -459.13M | 69.96M | 1.01B |
| Investing Cash Flow | 300.09M | 984.53M | -102.15M | 228.81M | 103.36M |
| Financing Cash Flow | -465.23M | -2.79B | -551.72M | -869.79M | -1.02B |
Mingfa Group (International) Co. Ltd. Technical Analysis
Negative
0.14
Price Trends
0.09
Negative
0.10
Negative
0.11
Negative
Market Momentum
>-0.01
Negative
47.78
Neutral
78.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0846, the sentiment is Negative. The current price of 0.14 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.09, and above the 200-day MA of 0.11, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.78 is Neutral, neither overbought nor oversold. The STOCH value of 78.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0846.
Mingfa Group (International) Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
56 Neutral | HK$690.56M | 8.67 | 1.64% | 6.71% | 15.45% | 67.35% | |
49 Neutral | HK$576.34M | -0.67 | -8.23% | 3.09% | 46.99% | -598.31% | |
46 Neutral | HK$449.33M | <0.01 | ― | ― | -17.69% | ― | |
43 Neutral | HK$375.81M | -0.10 | -55.49% | ― | -38.93% | 59.60% | |
42 Neutral | HK$346.36M | -0.03 | ― | ― | 7.94% | -10.86% | |
41 Neutral | HK$542.32M | -0.38 | -12.55% | ― | -37.93% | 31.14% |
* Real Estate Sector Average
HK:0846
Mingfa Group (International) Co. Ltd.
0.09
-0.02
-18.35%
HK:1813
KWG Group Holdings
0.11
-0.21
-65.08%
HK:1638
Kaisa Group Holdings Ltd.
0.04
-0.11
-71.24%
HK:1777
Fantasia Holdings Group Co. Ltd.
0.06
-0.01
-14.29%
HK:1278
China New Town Development Co. Ltd.
0.07
-0.03
-29.70%
HK:0160
Hon Kwok Land Investment Co., Ltd.
0.80
-0.17
-17.53%
Mingfa Group (International) Co. Ltd. Corporate Events
Mingfa Nears Completion of PRC Subsidiary Board Restructuring
May 29, 2026
Mingfa Group (International) Company Limited has reported further progress on restructuring the boards of directors across its mainland China subsidiaries, a process it has been updating investors on since 2021. As of 29 May 2026, only two PRC sub...
Mingfa Group Sets 2026 AGM to Renew Board, Auditor and Share-Issuance Mandate
Apr 30, 2026
Mingfa Group (International) Company Limited has called its annual general meeting for 5 June 2026 in Hong Kong, where shareholders will be asked to approve the audited consolidated financial statements for the year ended 31 December 2025 and reap...
Mingfa Group Nears Completion of PRC Subsidiary Board Restructuring
Apr 30, 2026
Mingfa Group (International) Company Limited has reported that only two of its PRC subsidiaries are still awaiting local regulatory approval for changes to their boards of directors. Once these approvals are granted, the company expects to complet...
Mingfa Group Publishes 2025 Results and Seeks Trading Resumption on HKEX
Apr 24, 2026
Mingfa Group (International) Company Limited has released its audited annual results for the year ended 31 December 2025, with the full annual report to be dispatched to shareholders and published on both the company’s and the Hong Kong Stoc...
Mingfa Group’s Q1 2026 Contracted Sales Fall 24% Amid Property Market Pressure
Apr 23, 2026
Mingfa Group (International) Company Limited reported unaudited contracted sales of approximately RMB519.4 million for the three months ended 31 March 2026, a 24.1% decline from about RMB684.3 million a year earlier. Sales were spread across numer...
Mingfa Group Sets April Board Meeting as Trading Suspension Continues
Apr 9, 2026
Mingfa Group (International) Company Limited has scheduled a board meeting for 24 April 2026 to review and approve its audited annual results for the year ended 31 December 2025 and to consider a potential final dividend. Trading in the company...
Mingfa Group Delays 2025 Results, Postpones Board Meeting and Faces Trading Suspension
Apr 1, 2026
Mingfa Group (International) Company Limited has announced a delay in publishing its audited annual results for the year ended 31 December 2025, after its auditors were unable to complete work on key areas including valuations of investment proper...
Mingfa Group Nears Completion of PRC Subsidiary Board Restructuring
Mar 31, 2026
Mingfa Group (International) Company Limited has reported further progress on the long-running restructuring of the boards of directors of its PRC subsidiaries. As of 31 March 2026, only two mainland subsidiaries still await local regulatory appro...
Mingfa Group Reschedules Board Meeting to Finalize FY25 Results
Mar 19, 2026
Mingfa Group (International) Company Limited has postponed its board meeting originally scheduled for 27 March 2026 to 31 March 2026, as the company requires additional time to finalize its audited annual results for the year ended 31 December 202...
Mingfa Group Sets March 2026 Board Meeting to Approve 2025 Results
Mar 13, 2026
Mingfa Group (International) Company Limited has scheduled a board meeting in Hong Kong on 27 March 2026 to review and approve the annual results for the financial year ended 31 December 2025. The board will also consider whether to declare a fina...
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.