FDB Holdings Limited (HK:1826)
:1826
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FDB Holdings Limited
(1826)
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Rating:44Neutral
Price Target:
HK$0.18
▲(84.00% Upside)
Action:ReiteratedDate:01/16/26
Overall score is held down primarily by weak financial performance (negative equity, inconsistent profitability, and negative free cash flow). Technicals are supportive in the near term (price above key moving averages and positive MACD) but are tempered by an overbought RSI. Valuation signals are limited by a negative P/E and no stated dividend yield.
Positive Factors
Diversified revenue streams
The company earns recurring rental income plus property-sale proceeds and third-party management fees, giving multiple cash levers. This mix smooths revenues across cycles, supports steady operating cash in downturns, and provides strategic optionality for capital allocation over months to years.
Negative Factors
Negative stockholders' equity
Negative equity signals solvency stress and indicates liabilities exceed assets, restricting the company’s ability to raise debt or finance new development without recapitalization. This structural weakness impairs long-term financial flexibility and raises refinancing risk over months to years.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue streams
The company earns recurring rental income plus property-sale proceeds and third-party management fees, giving multiple cash levers. This mix smooths revenues across cycles, supports steady operating cash in downturns, and provides strategic optionality for capital allocation over months to years.
Read all positive factors
FDB Holdings Limited (1826) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$255.74M
Dividend YieldN/A
Average Volume (3M)690.67K
Price to Earnings (P/E)―
Beta (1Y)0.46
Revenue Growth11.52%
EPS Growth98.72%
CountryHK
Employees75
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.01
Shares Outstanding1,598,400,000
10 Day Avg. Volume1,555,000
30 Day Avg. Volume690,666
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)-119.10
Price to Sales (P/S)0.14
P/FCF Ratio-2.39
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
FDB Holdings Limited Business Overview & Revenue Model
Company Description
FDB Holdings Limited provides contracting and project management services in Hong Kong. It offers contracting services for alteration and addition works, maintenance, specialist works, and new development. The company was formerly known as Steerin...
How the Company Makes Money
FDB Holdings generates revenue through multiple key streams, primarily from rental income derived from its portfolio of properties, which includes residential units and commercial spaces. Additionally, the company earns income from property sales,...
FDB Holdings Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
30
Negative
Cash Flow
40
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 538.76M | 468.46M | 193.77M | 357.15M | 382.27M | 411.86M |
| Gross Profit | 9.30M | 17.30M | -7.15M | 7.33M | -29.92M | -9.05M |
| EBITDA | 175.50K | 12.22M | -56.41M | 1.14M | -62.53M | -49.64M |
| Net Income | 1.76M | 9.87M | -59.28M | -969.00K | 40.10M | -245.03M |
Balance Sheet | ||||||
| Total Assets | 166.01M | 169.40M | 196.53M | 226.86M | 240.88M | 407.06M |
| Cash, Cash Equivalents and Short-Term Investments | 5.37M | 32.60M | 35.21M | 31.59M | 9.55M | 37.92M |
| Total Debt | 20.29M | 10.01M | 12.92M | 599.00K | 4.38M | 12.01M |
| Total Liabilities | 171.72M | 169.94M | 206.95M | 177.99M | 190.98M | 404.75M |
| Stockholders Equity | -5.71M | -548.00K | -10.42M | 48.87M | 49.78M | 27.37M |
Cash Flow | ||||||
| Free Cash Flow | -10.43M | -27.30M | -19.92M | 31.51M | -29.92M | -100.45M |
| Operating Cash Flow | -10.36M | -27.25M | -19.77M | 32.20M | -29.67M | -99.43M |
| Investing Cash Flow | 2.45M | 16.29M | -2.51M | -16.73M | 27.64M | 9.01M |
| Financing Cash Flow | 1.21M | 871.00K | 25.90M | 5.18M | -10.53M | -60.25M |
FDB Holdings Limited Technical Analysis
Positive
0.10
Price Trends
0.17
Negative
0.13
Positive
0.10
Positive
Market Momentum
>-0.01
Positive
46.89
Neutral
42.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1826, the sentiment is Positive. The current price of 0.1 is below the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.17, and above the 200-day MA of 0.10, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.89 is Neutral, neither overbought nor oversold. The STOCH value of 42.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1826.
FDB Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$166.00M | -5.15 | 4.40% | ― | -40.54% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
55 Neutral | HK$181.50M | 23.50 | -16.01% | ― | -28.21% | 34.59% | |
54 Neutral | HK$120.00M | 4.72 | 0.18% | ― | -2.05% | ― | |
51 Neutral | HK$66.00M | -1.24 | -4.84% | ― | 71.16% | -67.47% | |
49 Neutral | HK$64.27M | -1.27 | -52.54% | ― | 48.86% | 54.49% | |
44 Neutral | HK$255.74M | -7.35 | 13.76% | ― | 11.52% | 98.72% |
* Industrials Sector Average
HK:1826
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FDB Holdings Limited Corporate Events
FDB Holdings Extends Deadline for Completion of New Share Placing
Jan 23, 2026
FDB Holdings Limited has agreed with its placing agent to extend the long stop date for completing a placing of new shares under its existing general mandate, moving the deadline from 28 January 2026 to 11 February 2026 to allow additional time to...
FDB Holdings Moves to Restore Public Float After Stake Increase by Controlling Shareholder
Jan 20, 2026
FDB Holdings Limited has disclosed that its public float has fallen to about 22.17% of its issued share capital, below the 25% minimum required under Hong Kong listing rules, after controlling shareholder Masterveyor Holdings Limited increased its...
FDB Holdings Slightly Raises Placing Price, Targets HK$39.9 Million for Expansion and Balance Sheet Support
Jan 13, 2026
FDB Holdings Limited has entered into a supplemental placing agreement to slightly increase the placing price of new shares from HK$0.152 to HK$0.153 per share under its general mandate, representing a 19.5% discount to the last closing price but ...
FDB Holdings Requests Trading Halt Pending Inside Information Announcement
Jan 13, 2026
FDB Holdings Limited has requested a trading halt of its shares on the Hong Kong Stock Exchange, effective from 9:00 a.m. on 13 January 2026. The suspension comes as the company prepares to release an announcement containing inside information and...
FDB Holdings Seeks Up to HK$40.5 Million via Discounted Share Placing
Jan 12, 2026
FDB Holdings Limited plans to raise up to HK$40.5 million through a private placing of up to 266.4 million new shares under its existing general mandate. The new shares, representing about 20% of the current issued share capital and roughly 16.67%...
FDB Holdings Updates Board Composition and Committee Roles
Jan 5, 2026
FDB Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates under a board structure that combines executive and independent non-executive directors to provide corporate oversight and governance for its business. The ...
FDB Holdings Reshapes Board as Major Shareholder Joins as Executive Director
Jan 5, 2026
FDB Holdings Limited has reshaped its board and committee structure with effect from 5 January 2026, appointing major shareholder Yu Hongxiang as an executive director and adding Ren Yu as an independent non-executive director while accepting the ...
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.