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Da Ming International Holdings Limited
(1090)
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Rating:40Underperform
Price Target:
HK$0.77
▼(-9.41% Downside)
Action:Downgraded
Date:06/03/26
The score is primarily constrained by weak financial performance (thin margins, ongoing losses, high leverage, and fragile free cash flow) despite some stabilization in 2025. Technical indicators are mixed but not supportive enough to offset the fundamental risk, and valuation support is limited because earnings are negative and no dividend yield is provided.
Positive Factors
Value‑added processing business
Offering value‑added processing (cutting, slitting, polishing) creates higher‑margin service revenue and closer customer ties than pure trading. This structural mix supports more stable, recurring fees and differentiation versus commodity resellers, helping margins and customer retention over multiple cycles.
Negative Factors
Sustained revenue decline
Three years of falling revenue signal structural pressures in demand, pricing, or market share. Reduced top‑line scale increases per‑unit fixed costs, limits operating leverage, and constrains the firm's ability to reinvest or absorb input price swings, worsening long‑term competitiveness.
Read all positive and negative factors
Positive Factors
Negative Factors
Value‑added processing business
Offering value‑added processing (cutting, slitting, polishing) creates higher‑margin service revenue and closer customer ties than pure trading. This structural mix supports more stable, recurring fees and differentiation versus commodity resellers, helping margins and customer retention over multiple cycles.
Read all positive factors
Da Ming International Holdings Limited (1090) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$892.25M
Dividend YieldN/A
Average Volume (3M)17.13K
Price to Earnings (P/E)―
Beta (1Y)0.44
Revenue Growth-4.81%
EPS Growth91.31%
CountryHK
Employees6,738
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)-0.03
Shares Outstanding1,274,528,000
10 Day Avg. Volume19,200
30 Day Avg. Volume17,133
Financial Highlights & Ratios
PEG Ratio0.28
Price to Book (P/B)0.36
Price to Sales (P/S)0.02
P/FCF Ratio2.67
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
Da Ming International Holdings Limited Business Overview & Revenue Model
Company Description
Da Ming International Holdings Limited, a subsidiary of Ally Good Group Limited, specializes in the processing, distribution, and sale of a wide range of steel products, including both stainless and carbon steel. Operating globally as well as with...
How the Company Makes Money
Da Ming International Holdings Limited primarily makes money by selling stainless steel materials and stainless steel-related products to customers. A key part of its model is earning margins on (i) distribution/trading of stainless steel (buying ...
Da Ming International Holdings Limited Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
38
Negative
Cash Flow
27
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 44.19B | 46.45B | 50.56B | 50.12B | 46.35B |
| Gross Profit | 1.06B | 685.69M | 921.53M | 908.63M | 1.83B |
| EBITDA | 698.26M | 226.89M | 503.89M | 503.36M | 1.42B |
| Net Income | -35.56M | -414.58M | -219.07M | -178.30M | 495.04M |
Balance Sheet | |||||
| Total Assets | 12.51B | 12.97B | 13.19B | 12.78B | 11.96B |
| Cash, Cash Equivalents and Short-Term Investments | 1.47B | 203.65M | 324.35M | 503.24M | 183.28M |
| Total Debt | 7.30B | 7.32B | 7.37B | 6.95B | 5.88B |
| Total Liabilities | 9.48B | 10.11B | 9.91B | 9.27B | 8.21B |
| Stockholders Equity | 2.49B | 2.53B | 2.94B | 3.17B | 3.41B |
Cash Flow | |||||
| Free Cash Flow | 338.91M | -4.65M | -599.27M | -386.56M | -252.30M |
| Operating Cash Flow | 583.32M | 439.46M | 67.28M | 272.28M | 436.24M |
| Investing Cash Flow | -285.05M | -432.33M | -654.46M | -649.17M | -644.81M |
| Financing Cash Flow | -271.00M | -118.77M | 444.39M | 635.90M | 248.89M |
Da Ming International Holdings Limited Technical Analysis
Negative
0.85
Price Trends
0.75
Negative
0.78
Negative
0.83
Negative
Market Momentum
-0.01
Positive
40.55
Neutral
84.03
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1090, the sentiment is Negative. The current price of 0.85 is above the 20-day moving average (MA) of 0.73, above the 50-day MA of 0.75, and above the 200-day MA of 0.83, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 40.55 is Neutral, neither overbought nor oversold. The STOCH value of 84.03 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1090.
Da Ming International Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$660.53M | 4.42 | 10.26% | 6.28% | 4.94% | -4.32% | |
64 Neutral | HK$572.62M | 3.54 | 11.64% | 7.84% | -13.96% | -1.91% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | HK$267.95M | 0.77 | 16.71% | ― | -20.11% | 15.44% | |
44 Neutral | HK$12.76B | -3.76 | -18.53% | ― | -13.27% | 4.42% | |
43 Neutral | HK$18.86B | -3.51 | -11.13% | ― | -7.68% | 15.78% | |
40 Underperform | HK$892.25M | -22.02 | -15.58% | ― | -4.81% | 91.31% |
* Basic Materials Sector Average
HK:1090
Da Ming International Holdings Limited
0.71
0.04
5.97%
HK:0347
Angang Steel Co
1.12
-0.75
-40.11%
HK:1053
Chongqing Iron & Steel Co., Ltd. Class H
0.89
-0.40
-31.01%
HK:1118
Golik Holdings Limited
1.15
0.24
25.96%
HK:1553
Maike Tube Industry Holdings Limited
1.32
-0.01
-0.75%
HK:1938
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.
0.27
0.05
20.45%
Da Ming International Holdings Limited Corporate Events
Da Ming International Sets Out Board and Committee Structure
Jun 1, 2026
Da Ming International Holdings Limited has announced the composition of its board of directors, naming Zhou Keming as chairman, with Xu Xia and Zou Xiaoping serving as vice-chairmen, alongside three other executive and two non-executive directors....
Da Ming International Reappoints Veteran Manager Ni Chen as Executive Director
May 20, 2026
Da Ming International Holdings has appointed 45-year-old industry veteran Ni Chen as an executive director effective 1 June 2026, bringing back a long-serving manager with extensive experience in stainless steel sales and procurement. Ni, currentl...
Da Ming Grants 1.95 Million Shares to Key Staff Under Incentive Scheme
May 20, 2026
Da Ming International Holdings Limited has granted a total of 1,950,000 awarded shares under its share award scheme, first adopted in 2011 and structured without issuing new shares, to eight selected employees as bonuses. The awards, held by a tru...
Da Ming International Lifts Q1 Profit Sharply Despite Flat Turnover
May 14, 2026
Da Ming International Holdings reported mixed operating metrics for the first quarter of 2026, with stainless steel processing volumes declining modestly while carbon steel processing volumes increased, reflecting a shift in demand between its key...
Da Ming Sets 2026 AGM to Renew Board, Auditor and Share Buy-Back Mandate
Apr 29, 2026
Da Ming International Holdings Limited has convened its annual general meeting for 9 June 2026 in Wuxi, Jiangsu, where shareholders will review the audited consolidated financial statements and the directors’ and auditor’s reports for ...
Da Ming International Formalizes Nomination Committee Governance and Diversity Mandate
Mar 26, 2026
Da Ming International Holdings Limited has formalized the terms of reference for its Nomination Committee, detailing its composition, meeting procedures, and governance framework to strengthen board oversight. The committee, made up predominantly ...
Da Ming Returns to Profit in 2025 as Value-Added Steel Processing Lifts Margins
Mar 26, 2026
Da Ming International Holdings reported a 4.9% decline in revenue to RMB44.19 billion for 2025, but sharply improved profitability as gross profit jumped 54.7% to RMB1.06 billion, driven by better margins and cost control. The group swung from a n...
Da Ming International Announces Resignation of Two Executive Directors
Mar 26, 2026
Da Ming International Holdings Limited announced that executive directors Zhang Feng and Chen Ning have tendered their resignations, effective 26 March 2026, to focus on other career developments. Both departing executives stated they have no disa...
Da Ming International Details Board and Committee Structure
Mar 26, 2026
Da Ming International Holdings Limited announced the current composition of its board of directors, naming Zhou Keming as chairman, Xu Xia and Zou Xiaoping as vice-chairmen, alongside other executive, non-executive, and independent non-executive m...
Da Ming International Sets March 2026 Board Meeting on 2025 Results and Potential Dividend
Mar 9, 2026
Da Ming International Holdings Limited has scheduled a board meeting for 26 March 2026 to review and approve the annual results of the company and its subsidiaries for the financial year ended 31 December 2025. At the same meeting, the board will ...
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.