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Multifield International Holdings Limited (HK:0898)
:0898
Hong Kong Market

Multifield International Holdings Limited (0898) AI Stock Analysis

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HK

Multifield International Holdings Limited

(0898)

Rating:73Outperform
Price Target:
Multifield International Holdings scores well due to its stable financial performance and attractive valuation. While technical analysis indicates strong upward momentum, caution is advised due to the RSI nearing overbought levels. Despite liquidity concerns from declining cash flows, the company's low leverage and strong equity position provide a solid foundation.

Multifield International Holdings Limited (0898) vs. iShares MSCI Hong Kong ETF (EWH)

Multifield International Holdings Limited Business Overview & Revenue Model

Company DescriptionMultifield International Holdings Limited, an investment holding company, engages in the investment, development, management, rental, and sale of real estate properties in Hong Kong and Mainland China. It operates through three segments: Property Investment, Provision of Serviced Apartment and Property Management Services, and Trading and Investments. The company owns various properties, including office and industrial buildings, retail shops, and car parks, as well as residential complexes, such as hotel-serviced villas and apartments under the Windsor Renaissance brand name. It is also involved in the provision of property administration and consultant services; and securities investment and trading activities, as well as management and agency services. The company was founded in 1988 and is headquartered in Wong Chuk Hang, Hong Kong. Multifield International Holdings Limited is a subsidiary of Lucky Speculator Limited.
How the Company Makes MoneyMultifield International Holdings Limited generates revenue through several key streams. The primary source of income is rental income from its diversified property portfolio, which includes residential, commercial, and industrial properties. The company also earns from property management services, providing comprehensive facilities management to enhance property value and ensure tenant satisfaction. Additionally, Multifield engages in property development projects, generating income through the sale of developed properties. Strategic partnerships and joint ventures with other real estate companies further enhance its revenue potential, allowing for shared investment risks and access to larger projects. External economic factors, such as property market trends and regional economic conditions, also significantly impact the company's earnings.

Multifield International Holdings Limited Financial Statement Overview

Summary
Multifield International Holdings Limited shows stable financial performance with revenue growth and strong profitability margins, but declining cash flows and inconsistent ROE suggest possible liquidity challenges. The company maintains a healthy balance sheet with low leverage.
Income Statement
75
Positive
The income statement reflects solid performance with a consistent revenue growth trend from $252.5M in 2020 to $285.6M in 2024. Gross profit margin remains strong at 100% in the latest year, showing efficiency in operations. However, EBIT has declined from previous highs, indicating potential challenges in maintaining profitability levels seen in earlier years. Net profit margin has improved, suggesting controlled expenses and effective management.
Balance Sheet
70
Positive
The balance sheet is robust, with a healthy equity ratio of over 60%, indicating strong equity financing. The debt-to-equity ratio is stable at around 0.17, showing conservative leverage. ROE, however, has been inconsistent, reflecting fluctuating profitability. Cash reserves have decreased significantly over the years, which could constrain future liquidity and investment flexibility.
Cash Flow
60
Neutral
Cash flow analysis reveals a decline in operating cash flow from $191.6M in 2021 to zero in 2024, highlighting potential cash management issues. Free cash flow has also decreased, which could affect the company's ability to reinvest or pay dividends. The absence of clear cash flow ratios due to missing data limits a comprehensive assessment, but the trend indicates pressure on cash generation.
Breakdown
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
285.85M283.67M273.71M268.26M252.48M
Gross Profit
238.14M235.46M230.80M216.17M252.48M
EBIT
197.82M240.88M501.50M568.33M208.10M
EBITDA
216.80M221.15M504.43M571.73M0.00
Net Income Common Stockholders
235.18M179.23M371.26M421.30M37.35M
Balance SheetCash, Cash Equivalents and Short-Term Investments
1.39B1.27B1.33B1.29B1.34B
Total Assets
13.38B13.21B13.14B13.34B12.73B
Total Debt
1.64B1.54B1.50B1.49B1.63B
Net Debt
1.25B1.08B927.36M1.02B1.16B
Total Liabilities
3.42B3.31B3.45B3.48B3.31B
Stockholders Equity
8.11B8.06B7.92B8.08B7.58B
Cash FlowFree Cash Flow
0.00126.84M149.85M191.45M171.97M
Operating Cash Flow
-101.83M129.12M149.85M191.56M172.06M
Investing Cash Flow
-14.54M14.52M-10.40M15.86M2.87M
Financing Cash Flow
0.00-302.43M-53.02M-202.39M-243.66M

Multifield International Holdings Limited Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.83
Price Trends
50DMA
0.89
Negative
100DMA
0.87
Negative
200DMA
0.82
Positive
Market Momentum
MACD
-0.02
Positive
RSI
33.96
Neutral
STOCH
3.80
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0898, the sentiment is Neutral. The current price of 0.83 is below the 20-day moving average (MA) of 0.89, below the 50-day MA of 0.89, and above the 200-day MA of 0.82, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 33.96 is Neutral, neither overbought nor oversold. The STOCH value of 3.80 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0898.

Multifield International Holdings Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
73
Outperform
HK$693.94M2.952.91%4.82%-1.20%31.20%
64
Neutral
$12.87B9.817.76%16985.65%12.28%-7.83%
$338.94M9.495.58%9.38%
$18.78B14.8011.92%3.37%
$15.24B18.901.94%7.31%
$1.49B-10.34%10.79%
$9.44B18.792.17%7.43%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0898
Multifield International Holdings Limited
0.83
0.10
13.70%
DCOHF
Dickson Concepts (International)
0.61
0.01
1.67%
GXYEF
Galaxy Entertainment Group
3.85
-0.98
-20.29%
HLDVF
Henderson Land Development Co
3.15
0.46
17.10%
NWWDF
New World Development
0.59
-0.48
-44.86%
SNLAF
Sino Land Co
1.00
-0.05
-4.76%

Multifield International Holdings Limited Corporate Events

Multifield International Holdings Announces 2025 AGM with Key Resolutions
Apr 25, 2025

Multifield International Holdings Limited has announced its upcoming annual general meeting scheduled for May 28, 2025, where key resolutions will be discussed. These include the approval of financial statements, declaration of a final dividend, re-election of a director, and re-appointment of auditors. Additionally, the company seeks shareholder approval to authorize the directors to allot and issue shares, which could impact the company’s capital structure and market positioning.

Multifield International Holdings Declares Final Dividend for 2024
Mar 27, 2025

Multifield International Holdings Limited has announced a final cash dividend of HKD 0.02 per share for the financial year ending December 31, 2024. This announcement, dated March 27, 2025, outlines the timeline for shareholder approval and payment, with the ex-dividend date set for May 30, 2025, and payment scheduled for June 26, 2025. This dividend declaration reflects the company’s ongoing commitment to returning value to its shareholders and may influence investor sentiment and market positioning.

Multifield International Holdings Limited Reports Increased Annual Profit Despite Exchange Losses
Mar 27, 2025

Multifield International Holdings Limited reported its annual financial results for the year ended December 31, 2024, showing a slight increase in revenue to HK$285,848,000 from HK$283,671,000 in 2023. The company’s profit for the year rose significantly to HK$283,923,000 from HK$248,907,000, driven by substantial fair value changes on financial assets. However, the total comprehensive income for the year decreased due to significant exchange losses on foreign operations, impacting the overall financial performance.

Multifield International Enters Corporate Guarantee Agreement for Land Development
Mar 17, 2025

Multifield International Holdings Limited has entered into a corporate guarantee agreement to cover 49% of the repayment obligations of a joint venture borrower for a loan of up to RM132,000,000, which will be used for land acquisition and development. This transaction is classified as discloseable under Hong Kong’s listing rules, indicating a significant financial commitment by the company, potentially impacting its financial resources and strategic positioning in the property development sector.

Multifield International Holdings Schedules Board Meeting for Annual Results
Mar 14, 2025

Multifield International Holdings Limited, incorporated in Bermuda, has announced a board meeting scheduled for March 27, 2025. The meeting will focus on approving the company’s annual results for the year ending December 31, 2024, and considering the recommendation of a final dividend payment, if any.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.