Yield Go Holdings Ltd. (1796) AI Stock Analysis

• Market Cap: HK$1.57B
• Dividend Yield: N/A
• Average Volume (3M): 697.65K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.04
• Revenue Growth: -38.13%
• EPS Growth: -74.92%
• Country: HK
• Employees: 55
• Sector: Industrials
• Sector Strength: 72
• Industry: Construction
• EPS (TTM): >-0.01
• Shares Outstanding: 480,000,000
• 10 Day Avg. Volume: 953,000
• 30 Day Avg. Volume: 697,652
• PEG Ratio: -0.04
• Price to Book (P/B): 10.53
• Price to Sales (P/S): 3.06
• P/FCF Ratio: -245.78
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 38 Underperform
• Price Target: HK$3.00 ▲(9.09% Upside)

Yield Go Holdings Ltd. is experiencing significant financial difficulties, with declining revenues, persistent losses, and cash flow challenges. The technical analysis indicates bearish momentum, and the valuation metrics are unattractive due to negative earnings. These factors collectively result in a low overall stock score, highlighting substantial risks for potential investors.

Positive Factors

Diversified revenue streams

Multiple business lines reduce reliance on any single revenue source. Rental receipts, development sales and financial-services fees provide alternate cashflow timing and strategic optionality. Over 2–6 months this diversification helps stabilize receipts and supports reallocation of capital.

Recurring rental cashflow potential

A leased property portfolio can produce predictable, contract-backed cashflows distinct from one-off development sales. Over the next few months stable lease income can support working capital and reduce dependence on volatile sales, aiding near-term operational continuity.

Moderate leverage

A D/E around 0.69 and ~46% equity ratio indicate a moderate capital structure with room to absorb shocks. This funding mix provides some headroom for refinancing or restructuring over several months, lowering immediate solvency risk relative to highly leveraged peers.

Negative Factors

Significant revenue decline

A ~30% year-over-year revenue contraction signals material loss of scale and demand across core property and services operations. Persisting top-line decline will pressure gross margins, reduce bargaining power, and limit internal cash generation, constraining options over the next 2–6 months.

Deteriorating cash flow

Negative operating cash flow and a >200% drop in free cash flow indicate active cash burn. This reduces the company's ability to fund capex, service debt or cover lease obligations without external financing. Over months, liquidity strain raises refinancing and working-capital risks.

Persistent weak profitability

Compressed gross margin (~2%) and negative net margins demonstrate weak pricing power or high cost structure. Such persistent unprofitability erodes equity and limits capacity to self-fund recovery initiatives, making improvement dependent on structural cost cuts or capital infusions over the medium term.

Yield Go Holdings Ltd. Business Overview & Revenue Model

Company Description

Metaspacex Ltd. is an investment company, which through its subsidiaries, engages in fitting-out services and supply of fitting-out materials. The company was founded on May 9, 2018 and is headquartered in Hong Kong.

How the Company Makes Money

Yield Go Holdings Ltd. generates revenue through multiple streams, primarily from rental income derived from its property portfolio, which includes commercial and residential properties. The company also earns income through property sales and development projects. In addition, Yield Go is involved in financial services, potentially generating revenue from advisory fees, commissions, and other financial products. Strategic partnerships with real estate developers and financial institutions may further enhance its earnings by providing access to new markets and investment opportunities.

Yield Go Holdings Ltd. Financial Statement Overview

Summary

Yield Go Holdings Ltd. is facing significant financial challenges across all verticals. The income statement shows declining revenues and persistent losses, while the balance sheet reflects increased leverage and negative returns on equity. Cash flow issues further exacerbate the company's financial difficulties, with negative operating cash flow and declining free cash flow. The overall financial health of the company is concerning, with risks related to profitability, leverage, and liquidity.

Income Statement

Yield Go Holdings Ltd. has experienced a significant decline in revenue, with a revenue growth rate of -30.68% in the most recent year. The company has consistently reported negative net profit margins, with the latest at -12.19%, indicating ongoing profitability challenges. Gross profit margin has also decreased to 2.09%, reflecting pressure on cost management. Overall, the income statement shows a concerning trend of declining revenues and persistent losses.

Balance Sheet

The company's debt-to-equity ratio has increased to 0.69, indicating a rising leverage level, though still within a manageable range. Return on equity is negative at -42.04%, highlighting the company's inability to generate profits from shareholders' equity. The equity ratio stands at 46.38%, suggesting a moderate level of financial stability. However, the overall balance sheet reflects financial strain due to ongoing losses.

Cash Flow

Operating cash flow has turned negative, and free cash flow growth is significantly negative at -233.76%. The operating cash flow to net income ratio is -0.13, indicating cash flow challenges relative to net income. The cash flow statement reveals a deteriorating cash position, raising concerns about liquidity and financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	235.54M	263.93M	460.27M	205.87M	232.20M	278.18M
Gross Profit	4.44M	5.52M	19.14M	11.01M	8.78M	-30.65M
EBITDA	-20.13M	-26.14M	2.54M	-12.02M	-1.46M	-28.31M
Net Income	-25.46M	-32.18M	-4.44M	-18.66M	-4.02M	-32.52M
Balance Sheet
Total Assets	167.41M	165.07M	205.64M	195.23M	207.85M	210.55M
Cash, Cash Equivalents and Short-Term Investments	49.93M	43.09M	49.73M	20.13M	20.66M	26.59M
Total Debt	55.08M	52.53M	48.95M	49.78M	44.41M	45.24M
Total Liabilities	94.60M	88.51M	96.89M	82.05M	76.00M	74.68M
Stockholders Equity	72.81M	76.56M	108.74M	113.18M	131.84M	135.87M
Cash Flow
Free Cash Flow	5.75M	-3.28M	33.44M	-2.81M	-3.53M	1.38M
Operating Cash Flow	5.75M	-3.28M	33.44M	-2.81M	-3.53M	1.38M
Investing Cash Flow	1.00K	2.00K	2.00K	1.00K	1.00K	1.00K
Financing Cash Flow	-147.00K	-3.16M	-999.00K	2.28M	-2.40M	-3.10M

Yield Go Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1796, the sentiment is Positive. The current price of 2.75 is below the 20-day moving average (MA) of 2.88, below the 50-day MA of 2.93, and below the 200-day MA of 2.78, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 64.88 is Neutral, neither overbought nor oversold. The STOCH value of 81.60 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1796.

Yield Go Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
8646	62 Neutral	HK$130.45M	1.92	11.61%	―	5.34%	43.91%
1897	53 Neutral	HK$192.82M	59.38	0.62%	2.34%	-48.30%	-75.98%
8349	41 Neutral	HK$544.00M	-78.53	-11.50%	―	-38.08%	32.95%
0713	40 Neutral	HK$344.57M	-1.35	-21.28%	―	-23.38%	-35.88%
1796	38 Underperform	HK$1.57B	-62.08	-29.77%	―	-38.13%	-74.92%
1592	38 Underperform	HK$42.28M	-0.38	―	―	1.43%	-83.97%

Yield Go Holdings Ltd. Corporate Events

Metaspacex Partners With Popcorn Technology to Accelerate Web3.0 and Digital Finance Push

Metaspacex Limited has signed a cooperation agreement with U.S.-based Popcorn Technology LLC to jointly establish a project company focused on digital finance and blockchain services. Under the partnership, Popcorn Technology will provide technical services including the development of a public blockchain, digital wallet, blockchain explorer and cryptocurrency trading platform, as well as advisory support on obtaining cryptocurrency exchange licences, positioning Metaspacex to enter the fast-growing digital asset sector, create new profit drivers through AI-based quantitative trading platforms and strengthen its role in the digital asset ecosystem for long-term shareholder value.

The most recent analyst rating on (HK:1796) stock is a Sell with a HK$2.50 price target. To see the full list of analyst forecasts on Yield Go Holdings Ltd. stock, see the HK:1796 Stock Forecast page.

Metaspacex Signs Strategic Cooperation Deal to Diversify into Agricultural Digitization and Health Food

Metaspacex Limited has signed a strategic cooperation memorandum with mainland China-based Sanzhuliang Group, a comprehensive agriculture and health enterprise, to jointly explore opportunities in agricultural digitization, health food R&D, supply chain digitization and market expansion. The collaboration aims to build smart agriculture digital infrastructure, traceability and supply-chain systems, integrate agricultural and health data, develop a digital marketing ecosystem, expand the specialized health market, and establish an agricultural technology innovation platform, with Metaspacex leveraging its capital market presence and brand influence. Management believes the move will help the group tap into policy-driven growth in agricultural digitization and the health food sector in mainland China, diversify its business, and potentially enhance its financial performance and shareholder value by creating new revenue sources beyond its traditional fitting-out operations.

The most recent analyst rating on (HK:1796) stock is a Sell with a HK$2.50 price target. To see the full list of analyst forecasts on Yield Go Holdings Ltd. stock, see the HK:1796 Stock Forecast page.

Metaspacex Formalizes Terms of Reference for Nomination Committee

Metaspacex Limited, a Cayman-incorporated company listed in Hong Kong under stock code 1796, has set out the formal terms of reference for its board-level Nomination Committee, which is required to comprise a majority of independent non-executive directors and be chaired by either the board chair or an independent non-executive director. The document details the committee’s composition, appointment terms, secretarial support, quorum, meeting procedures (including electronic attendance), voting rules, minute-keeping and its role in engaging with shareholders at annual general meetings, underscoring the company’s efforts to strengthen corporate governance and transparency around director nominations and board oversight processes.

The most recent analyst rating on (HK:1796) stock is a Sell with a HK$2.50 price target. To see the full list of analyst forecasts on Yield Go Holdings Ltd. stock, see the HK:1796 Stock Forecast page.

Metaspacex Limited Partners with Guangzhou Xinglun for Strategic Collaboration

Metaspacex Limited announced a strategic cooperation memorandum with Guangzhou Xinglun Safety Industry Co., Limited, aiming to explore opportunities in Industrial IoT, industrial software, and smart manufacturing. This partnership is expected to diversify the company’s business, enhance profitability, and expand its presence in the transportation and energy sectors through joint efforts in product development and international market expansion.

The most recent analyst rating on (HK:1796) stock is a Sell with a HK$2.50 price target. To see the full list of analyst forecasts on Yield Go Holdings Ltd. stock, see the HK:1796 Stock Forecast page.

Metaspacex Limited Partners with Xinhua Pharmaceutical for Strategic TCM Collaboration

Metaspacex Limited has entered into a strategic cooperation agreement with Xinhua Pharmaceutical Development to jointly explore opportunities in the TCM and big health industry in China. This collaboration aims to leverage complementary resources and synergistic development, focusing on AI-driven TCM standardization and modernization. The partnership is expected to enhance Metaspacex’s business operations and financial position, while Xinhua Pharmaceutical brings competitive advantages in the industry chain, technological innovation, and a clear strategic roadmap, making it an ideal partner for long-term growth and market recognition.

The most recent analyst rating on (HK:1796) stock is a Sell with a HK$2.50 price target. To see the full list of analyst forecasts on Yield Go Holdings Ltd. stock, see the HK:1796 Stock Forecast page.

Metaspacex Limited Releases Interim Financial Results for 2025

Metaspacex Limited has announced its unaudited interim results for the six months ended 30 September 2025. The announcement highlights the company’s compliance with the relevant listing requirements of the Hong Kong Stock Exchange and includes a review by the audit committee. This financial disclosure is crucial for stakeholders as it provides insights into the company’s financial health and operational performance during the period.

The most recent analyst rating on (HK:1796) stock is a Sell with a HK$3.00 price target. To see the full list of analyst forecasts on Yield Go Holdings Ltd. stock, see the HK:1796 Stock Forecast page.

Metaspacex Limited Announces Board Meeting for Interim Results

Metaspacex Limited, a company incorporated in the Cayman Islands, has announced a board meeting scheduled for November 27, 2025. The meeting will focus on approving the interim results for the six months ending September 30, 2025, and considering the payment of an interim dividend. This announcement could impact the company’s financial strategy and shareholder returns.

The most recent analyst rating on (HK:1796) stock is a Sell with a HK$3.00 price target. To see the full list of analyst forecasts on Yield Go Holdings Ltd. stock, see the HK:1796 Stock Forecast page.

Metaspacex Limited Announces Change of Company Website

Metaspacex Limited has announced a change in its company website from ‘www.metaspacex.hk’ to ‘www.01796.com.cn’, effective immediately. This change will affect the publication of future announcements and documents, which will now be available on the new website, potentially impacting how stakeholders access company information.

The most recent analyst rating on (HK:1796) stock is a Sell with a HK$3.00 price target. To see the full list of analyst forecasts on Yield Go Holdings Ltd. stock, see the HK:1796 Stock Forecast page.