Want to see HK:1389 full AI Analyst Report?
Top Page
Major Holdings Ltd.
(1389)
Select Model
Select Model
Rating:48Neutral
Price Target:
HK$0.45
▲(23.89% Upside)
Action:Reiterated
Date:06/30/26
The score is held back primarily by ongoing losses and the recent stretch of negative operating/free cash flow, despite a strong low-debt balance sheet. Technical indicators also lean bearish with the stock below key moving averages and a negative MACD, though oversold readings provide only limited offset. Valuation is difficult to support because earnings are negative and no dividend yield data is available.
Positive Factors
Low leverage / strong balance sheet
Very low leverage and a sizable equity cushion provide durable financial flexibility and low refinancing risk. This capital strength cushions operating volatility, allows funding of restructuring or investment without immediate external debt, and supports multi-month stability.
Negative Factors
Persistent unprofitability
Consistent multi-year net losses and negative EBIT signal the company has not achieved profitable scale. Ongoing unprofitability erodes shareholder value, limits reinvestment or dividend capacity, and raises the burden on management to prove a durable earnings turnaround.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Very low leverage and a sizable equity cushion provide durable financial flexibility and low refinancing risk. This capital strength cushions operating volatility, allows funding of restructuring or investment without immediate external debt, and supports multi-month stability.
Read all positive factors
Major Holdings Ltd. (1389) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$246.68M
Dividend YieldN/A
Average Volume (3M)205.62K
Price to Earnings (P/E)―
Beta (1Y)0.19
Revenue Growth-9.07%
EPS Growth86.31%
CountryHK
Employees15
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Wineries & Distilleries
Share Statistics
EPS (TTM)-0.02
Shares Outstanding554,333,300
10 Day Avg. Volume98,353
30 Day Avg. Volume205,624
Financial Highlights & Ratios
PEG Ratio0.88
Price to Book (P/B)1.29
Price to Sales (P/S)2.63
P/FCF Ratio-26.00
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
Major Holdings Ltd. Business Overview & Revenue Model
Company Description
Operating as an investment holding company, Major Holdings Limited primarily focuses on the importation and distribution of high-quality wines and spirits throughout Hong Kong. The company's diverse portfolio includes various types of wine, such a...
How the Company Makes Money
null...
Major Holdings Ltd. Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
74
Positive
Cash Flow
32
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 58.02M | 52.76M | 58.02M | 63.04M | 74.44M | 107.79M |
| Gross Profit | -8.88M | 6.43M | -8.88M | 5.47M | 7.87M | 13.84M |
| EBITDA | -10.84M | -2.71M | -10.84M | -10.05M | -11.06M | 2.15M |
| Net Income | -13.36M | -1.85M | -13.36M | -15.68M | -16.59M | -8.71M |
Balance Sheet | ||||||
| Total Assets | 117.84M | 132.19M | 117.84M | 135.95M | 132.36M | 173.35M |
| Cash, Cash Equivalents and Short-Term Investments | 11.52M | 4.90M | 11.52M | 26.45M | 5.93M | 7.18M |
| Total Debt | 1.23M | 685.00K | 1.23M | 4.79M | 12.13M | 23.65M |
| Total Liabilities | 8.22M | 24.43M | 8.22M | 12.98M | 22.55M | 46.94M |
| Stockholders Equity | 109.61M | 107.76M | 109.61M | 122.97M | 109.81M | 126.41M |
Cash Flow | ||||||
| Free Cash Flow | -13.02M | -5.33M | -13.02M | 1.13M | 17.81M | -3.52M |
| Operating Cash Flow | -12.52M | -5.33M | -12.52M | 1.29M | 20.17M | -3.48M |
| Investing Cash Flow | -330.00K | 1.00K | -330.00K | -108.00K | 3.72M | 17.00K |
| Financing Cash Flow | -2.08M | -1.29M | -2.08M | 19.34M | -25.14M | 3.75M |
Major Holdings Ltd. Technical Analysis
Negative
0.36
Price Trends
0.49
Negative
0.38
Positive
0.44
Negative
Market Momentum
-0.04
Positive
32.00
Neutral
26.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1389, the sentiment is Negative. The current price of 0.36 is below the 20-day moving average (MA) of 0.49, below the 50-day MA of 0.49, and below the 200-day MA of 0.44, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 32.00 is Neutral, neither overbought nor oversold. The STOCH value of 26.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1389.
Major Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$244.00M | 6.42 | 11.22% | ― | -4.14% | 0.91% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
52 Neutral | HK$55.19M | -0.79 | -65.18% | ― | 47.97% | 99.73% | |
48 Neutral | HK$246.68M | -134.85 | -1.72% | ― | -9.07% | 86.31% | |
47 Neutral | HK$259.15M | 18.97 | 4.24% | 1.30% | -37.35% | -59.07% | |
46 Neutral | HK$236.14M | -14.12 | -6.67% | ― | -3.29% | -22.01% | |
46 Neutral | HK$357.72M | -114.43 | -1.75% | ― | 0.90% | 94.78% |
* Consumer Defensive Sector Average
HK:1389
Major Holdings Ltd.
0.45
0.11
34.85%
HK:0389
China Tontine Wines Group
0.18
-0.25
-57.44%
HK:1446
Hung Fook Tong Group Holdings Ltd
0.36
-0.05
-12.20%
HK:8146
Grace Wine Holdings Limited
0.44
0.30
223.53%
HK:0828
Dynasty Fine Wines Group Limited
0.18
-0.12
-39.87%
HK:8509
Wine's Link International Holdings Limited
0.61
0.08
15.09%
Major Holdings Ltd. Corporate Events
Major Holdings Sets 2026 AGM to Renew Board, Auditor and Share Issue Mandate
Jun 24, 2026
Major Holdings Ltd. has called its annual general meeting for 7 August 2026 in Hong Kong to present and adopt the audited consolidated financial statements for the year ended 31 March 2026. Shareholders will also vote on the re-election of three i...
Major Holdings Narrows Annual Loss Despite Revenue Decline and Withholds Dividend
Jun 12, 2026
Major Holdings Ltd. reported a 9.0% decline in revenue to HK$52.8 million for the year ended 31 March 2026, but significantly narrowed its loss attributable to shareholders to HK$1.9 million from HK$13.4 million a year earlier. Basic loss per shar...
Major Holdings Sets June Board Meeting to Approve Annual Results and Consider Final Dividend
May 15, 2026
Major Holdings Ltd. has scheduled a board meeting for 12 June 2026 to review and approve the audited annual results for the year ended 31 March 2026 for the company and its subsidiaries, ahead of their release to the market. The board will also de...
Major Holdings Names Lead Independent Director to Strengthen Governance
Mar 30, 2026
Major Holdings Limited has designated existing independent non-executive director Siu Shing Tak as its lead independent non-executive director, effective 26 February 2026. Siu currently chairs the audit committee and serves on both the nomination ...
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.