Skymission Group Holdings Limited (HK:1429)
:1429
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Skymission Group Holdings Limited
(1429)
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Rating:50Neutral
Price Target:
HK$0.29
▲(190.00% Upside)
Action:ReiteratedDate:04/09/26
The score is held down primarily by materially deteriorated financial performance—sharp revenue decline, deep losses, and persistently negative operating/free cash flow—despite moderate leverage. Technicals provide partial offset with strong trend signals (price above major moving averages and positive MACD), but elevated RSI points to near-term overbought risk. Valuation is also constrained by the negative P/E, reflecting loss-making operations.
Positive Factors
Moderate leverage (manageable debt)
Debt-to-equity near 0.26 indicates a conservative capital structure for an engineering & construction firm. This manageable leverage provides financial flexibility to fund projects or bridge cash gaps over the next several months, lowering refinancing risk while losses persist.
Negative Factors
Sharp revenue decline and margin compression
A ~24% revenue drop alongside gross-margin compression to near single digits and net margin around -26% signals materially weaker project economics. Sustained top-line and margin deterioration impairs reinvestment, reduces bid competitiveness, and can structurally damage client relationships and pricing power.
Read all positive and negative factors
Positive Factors
Negative Factors
Moderate leverage (manageable debt)
Debt-to-equity near 0.26 indicates a conservative capital structure for an engineering & construction firm. This manageable leverage provides financial flexibility to fund projects or bridge cash gaps over the next several months, lowering refinancing risk while losses persist.
Read all positive factors
Skymission Group Holdings Limited (1429) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$456.00M
Dividend YieldN/A
Average Volume (3M)1.65M
Price to Earnings (P/E)―
Beta (1Y)0.42
Revenue Growth-8.31%
EPS Growth-56.88%
CountryHK
Employees818
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.00
Shares Outstanding1,600,000,000
10 Day Avg. Volume794,400
30 Day Avg. Volume1,650,666
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.20
Price to Sales (P/S)0.13
P/FCF Ratio-3.11
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
Skymission Group Holdings Limited Business Overview & Revenue Model
Company Description
Skymission Group Holdings Limited, an investment holding company, operates as a formwork works subcontractor in Hong Kong. The company offers its services to construction companies operating in public and private sector construction works sectors....
Skymission Group Holdings Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
54
Neutral
Cash Flow
22
Negative
| Breakdown | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 402.91M | 608.08M | 612.78M | 538.36M | 534.28M |
| Gross Profit | 4.35M | 8.70M | 44.54M | 56.14M | 71.90M |
| EBITDA | -92.03M | -16.52M | 51.24M | 50.67M | 62.15M |
| Net Income | -105.41M | -32.40M | 30.58M | 28.79M | 60.61M |
Balance Sheet | |||||
| Total Assets | 345.07M | 466.06M | 490.50M | 444.75M | 428.98M |
| Cash, Cash Equivalents and Short-Term Investments | 665.00K | 13.41M | 24.55M | 32.37M | 56.68M |
| Total Debt | 65.42M | 54.98M | 49.41M | 51.86M | 43.73M |
| Total Liabilities | 92.11M | 107.69M | 96.82M | 84.56M | 97.57M |
| Stockholders Equity | 252.96M | 358.37M | 393.69M | 360.19M | 331.40M |
Cash Flow | |||||
| Free Cash Flow | -16.47M | -14.57M | -3.09M | -32.20M | -120.18M |
| Operating Cash Flow | -16.47M | -14.57M | -3.09M | -24.36M | -75.25M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | -7.84M | -44.93M |
| Financing Cash Flow | 3.72M | 3.43M | -4.73M | 7.90M | 133.00M |
Skymission Group Holdings Limited Technical Analysis
Neutral
0.10
Price Trends
0.24
Positive
0.18
Positive
0.12
Positive
Market Momentum
0.02
Positive
48.50
Neutral
24.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1429, the sentiment is Neutral. The current price of 0.1 is below the 20-day moving average (MA) of 0.30, below the 50-day MA of 0.24, and below the 200-day MA of 0.12, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 48.50 is Neutral, neither overbought nor oversold. The STOCH value of 24.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1429.
Skymission Group Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$103.11M | 4.63 | 1.45% | ― | -19.27% | -47.47% | |
53 Neutral | HK$140.56M | 2.34 | -7.26% | ― | -1.91% | 18.30% | |
50 Neutral | HK$456.00M | -28.18 | -32.47% | ― | -8.31% | -56.88% | |
45 Neutral | HK$167.28M | -1.14 | -47.12% | ― | -70.99% | -2960.61% | |
42 Neutral | HK$42.47M | -5.32 | -15.62% | ― | -16.94% | 51.24% | |
40 Underperform | HK$557.38M | -42.84 | -44.76% | ― | -25.64% | -2435.00% |
* Industrials Sector Average
HK:1429
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Skymission Group Holdings Limited Corporate Events
Skymission Plans Auditor Switch to Cut Costs Amid Tough Conditions
Apr 24, 2026
Skymission Group Holdings Limited has proposed appointing TARGET CPA Limited as its new auditor, following the resignation of Asian Alliance (HK) CPA Limited, which had been reappointed at the last annual general meeting. The shift comes as the co...
Skymission Restores Minimum Public Float After Share Disposal by Controlling Shareholder
Mar 27, 2026
Skymission Group Holdings Limited, a Cayman Islands-incorporated company listed in Hong Kong under stock code 1429, announced that its board comprises a mix of executive, non-executive, and independent non-executive directors. This governance stru...
Skymission Overhauls Board and Leadership After Change of Control
Mar 20, 2026
Skymission Group Holdings has undergone a major leadership reshuffle following a change of control resulting from a mandatory unconditional cash offer by Dacheng International Holdings. With effect from 20 March 2026, five existing directors, incl...
Skymission Outlines Board Composition and Governance Committee Structure
Mar 20, 2026
Skymission Group Holdings Limited has announced the current composition of its board, which includes three executive directors led by chairman and chief executive officer Zou Feng, one non-executive director and three independent non-executive dir...
Skymission Secures Temporary Waiver After Public Float Dips Below HKEX Threshold
Mar 20, 2026
Skymission Group Holdings Limited has fallen marginally below the Hong Kong Stock Exchange’s minimum public float requirement after a recent share offer, leaving approximately 24.95% of its issued share capital in public hands versus the man...
Dacheng Closes Mandatory Cash Offer, Lifts Skymission Stake to About 75%
Mar 6, 2026
Dacheng International Holdings Limited and Skymission Group Holdings Limited announced the close of a mandatory unconditional cash offer for all issued shares not already owned by Dacheng and its concert parties. The offer, which was not revised o...
Skymission Sends Composite Document for Mandatory Cash Offer
Feb 13, 2026
Skymission Group Holdings Limited and Dacheng International Holdings Limited have issued a joint announcement confirming the dispatch of a composite document for a mandatory unconditional cash offer. The offer, made by Solarstone Capital on behalf...
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.