Thelloy Development Group Limited (1546) AI Stock Analysis

• Market Cap: HK$50.40M
• Dividend Yield: N/A
• Average Volume (3M): 227.20K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.14
• Revenue Growth: 55.11%
• EPS Growth: -717.31%
• Country: HK
• Employees: 155
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): -0.05
• Shares Outstanding: 800,000,000
• 10 Day Avg. Volume: 378,400
• 30 Day Avg. Volume: 227,200
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 41 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

Thelloy Development Group Limited's stock score is primarily impacted by its weak financial performance and negative technical indicators. The company's unprofitability and lack of dividend yield further contribute to a low valuation score. Addressing operational inefficiencies and improving financial stability are crucial for enhancing the stock's attractiveness.

Thelloy Development Group Limited Business Overview & Revenue Model

Company Description

Thelloy Development Group Limited, an investment holding company, provides construction and management services primarily in Hong Kong. The company also offers building construction, repair, maintenance, alteration, and addition work services; and design and build services. In addition, it provides interior decoration services; and invests in properties. The company serves government, quasi-government organizations, universities, schools, institutions, and incorporated owners of private buildings. The company was incorporated in 2015 and is headquartered in Kowloon, Hong Kong. Thelloy Development Group Limited is a subsidiary of Cheers Mate Holding Limited.

How the Company Makes Money

Thelloy Development Group Limited generates revenue primarily through the sale and leasing of residential and commercial properties. The company's revenue model is multifaceted, encompassing the development of new properties, which are sold or leased to generate initial income. Additionally, Thelloy earns ongoing revenue through property management services, where it oversees the operations of its properties for a fee. Key revenue streams include project sales, rental income from tenants, and management fees from properties under its management. The company may also benefit from strategic partnerships with construction firms and financial institutions that facilitate project financing and development, thereby contributing to its overall earnings.

Thelloy Development Group Limited Financial Statement Overview

Summary

Thelloy Development Group Limited faces several financial challenges, including declining profitability, increased leverage, and negative cash flows. While revenue growth is strong, the company must focus on improving operational efficiency and managing its debt levels to enhance financial health.

Income Statement

Thelloy Development Group Limited shows a mixed performance in its income statement. The company experienced a significant revenue growth rate of 28.6% in the latest year, indicating strong top-line expansion. However, profitability metrics are concerning, with negative EBIT and net profit margins, reflecting operational inefficiencies and potential cost management issues. The gross profit margin has also declined significantly from previous years, suggesting pressure on cost of goods sold or pricing strategies.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 1.32, indicating increased leverage and potential financial risk. The return on equity is negative, highlighting challenges in generating returns for shareholders. The equity ratio is relatively stable, but the increase in debt levels over the years is a concern. The company needs to manage its leverage to improve financial stability.

Cash Flow

The cash flow statement shows significant challenges, with negative operating and free cash flows, indicating cash outflows from operations. Despite a high free cash flow to net income ratio, the overall cash flow position is weak, with negative growth in free cash flow. The company must address its cash management to ensure liquidity and operational sustainability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	311.19M	400.17M	257.99M	259.14M	204.34M	151.83M
Gross Profit	16.49M	8.27M	30.23M	46.31M	39.84M	19.51M
EBITDA	-13.42M	-36.07M	3.04M	25.32M	9.33M	3.54M
Net Income	-5.75M	-51.36M	8.28M	12.66M	4.26M	21.12M
Balance Sheet
Total Assets	382.83M	399.78M	352.85M	341.27M	272.35M	276.54M
Cash, Cash Equivalents and Short-Term Investments	30.05M	31.38M	32.07M	66.03M	56.56M	91.30M
Total Debt	105.55M	155.79M	73.82M	65.39M	23.07M	31.91M
Total Liabilities	226.95M	281.46M	183.17M	179.87M	123.61M	132.07M
Stockholders Equity	155.88M	118.32M	169.68M	161.40M	148.74M	144.47M
Cash Flow
Free Cash Flow	-30.77M	-64.64M	-16.67M	-25.84M	-7.36M	81.41M
Operating Cash Flow	-19.37M	-63.83M	-5.27M	-20.50M	-2.90M	81.62M
Investing Cash Flow	-15.46M	-10.29M	-32.36M	-8.85M	-13.05M	-73.20M
Financing Cash Flow	34.58M	73.44M	3.68M	38.82M	-18.80M	28.01M

Thelloy Development Group Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1546, the sentiment is Negative. The current price of 0.06 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.07, and below the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 20.13 is Positive, neither overbought nor oversold. The STOCH value of 14.04 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1546.

Thelloy Development Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3789	55 Neutral	74.40M	-12.40	-1.95%	―	-6.72%	-161.73%
1630	52 Neutral	69.00M	-7.30	-8.38%	―	-29.39%	78.42%
1253	48 Neutral	120.82M	-0.63	-124.96%	―	8.35%	80.89%
1826	46 Neutral	94.57M	-177.50	-1800.73%	―	11.52%	98.72%
1557	45 Neutral	95.04M	-1.65	68.40%	―	-26.03%	1.48%
1546	41 Neutral	HK$50.40M	―	-35.67%	―	55.11%	-717.31%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Thelloy Development Group Limited Corporate Events

Thelloy Development Group’s AGM Resolutions Passed Successfully

Thelloy Development Group Limited announced that all proposed resolutions at its Annual General Meeting held on August 25, 2025, were passed by shareholders via a poll. This includes the adoption of new Memorandum and Articles of Association, indicating a strategic update in the company’s governance structure. The successful passing of these resolutions reflects shareholder support and may impact the company’s operational and governance framework positively.

Thelloy Development Group Schedules Virtual AGM with Key Resolutions

Thelloy Development Group Limited has announced its upcoming Annual General Meeting (AGM) scheduled for August 25, 2025, which will be conducted via an eVoting portal. Key agenda items include the adoption of audited financial statements, re-election of directors, and re-appointment of Deloitte Touche Tohmatsu as the independent auditor. Additionally, the company seeks approval for directors to allot and issue shares within specified limits, potentially impacting its capital structure and shareholder value.

Thelloy Development Group Reports Revenue Growth but Faces Annual Loss

Thelloy Development Group Limited announced its annual results for the year ending March 31, 2025, reporting a significant revenue increase of 55.1% to approximately HK$400.2 million. Despite this growth, the company faced a loss of approximately HK$51.4 million, compared to a profit of HK$8.3 million in the previous year, and the Board decided not to recommend a final dividend, indicating potential challenges in profitability and financial management.

Thelloy Development Group Updates Nomination Committee Terms to Enhance Governance

Thelloy Development Group Limited has revised the terms of reference for its Nomination Committee, which was initially established in 2015. The updated terms emphasize compliance with the Hong Kong Stock Exchange’s listing rules, ensuring a diverse and independent board composition. This move is likely to enhance the company’s governance practices, potentially impacting its industry positioning by demonstrating a commitment to diversity and independence in its leadership structure.

Thelloy Development Group Issues Profit Warning Amid Financial Challenges

Thelloy Development Group Limited has issued a profit warning, anticipating a net loss of up to HK$55 million for the year ending March 31, 2025, compared to a net profit of HK$8.3 million the previous year. This downturn is attributed to losses from joint ventures, reduced gross profit from projects awarded in 2022 and 2023, increased finance costs due to higher interest rates and additional borrowings, as well as intensified market competition and rising labor costs.

Thelloy Development Group Schedules Board Meeting for Financial Results and Dividend Decision

Thelloy Development Group Limited has announced that a board meeting is scheduled for June 26, 2025, to discuss and approve the company’s audited consolidated financial results for the year ending March 31, 2025. The meeting will also consider the declaration of a final dividend, which could impact the company’s financial strategy and shareholder returns.