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JBB Builders International Ltd.
(1903)
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Rating:51Neutral
Price Target:
HK$2.50
▲(34.41% Upside)
Action:Reiterated
Date:06/26/26
The score is held back primarily by recurring negative operating/free cash flow and very thin, inconsistent profitability despite a conservative balance sheet. Technicals are supportive with an uptrend, but are close to overextended. Valuation is weak/unclear due to a deeply negative P/E and no dividend yield data.
Positive Factors
Conservative Balance Sheet
Debt-to-equity of ~0.06 (improving from ~0.12) gives durable financial resilience in a cyclical construction sector. Low leverage reduces refinancing and covenant risk, supports competitive bidding and absorbs revenue volatility, preserving optionality over months.
Negative Factors
Weak Cash Generation
Material negative operating and free cash flows in 2025 and prior years point to chronic working-capital or project timing issues. Persistent cash burn constrains reinvestment, raises liquidity and financing risk, and weakens the sustainability of reported earnings into the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Debt-to-equity of ~0.06 (improving from ~0.12) gives durable financial resilience in a cyclical construction sector. Low leverage reduces refinancing and covenant risk, supports competitive bidding and absorbs revenue volatility, preserving optionality over months.
Read all positive factors
JBB Builders International Ltd. (1903) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.33B
Dividend YieldN/A
Average Volume (3M)243.73K
Price to Earnings (P/E)―
Beta (1Y)0.53
Revenue Growth-2.02%
EPS Growth-101.97%
CountryHK
Employees68
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding500,000,000
10 Day Avg. Volume268,000
30 Day Avg. Volume243,733
Financial Highlights & Ratios
PEG Ratio-4.23
Price to Book (P/B)2.48
Price to Sales (P/S)0.73
P/FCF Ratio-12.00
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
JBB Builders International Ltd. Business Overview & Revenue Model
Company Description
JBB Builders International Limited functions as an engineering contractor, providing a comprehensive range of marine construction, building, and infrastructure solutions to developers and other contractors throughout Malaysia and Singapore. Its ma...
How the Company Makes Money
null...
JBB Builders International Ltd. Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
74
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 392.86M | 426.98M | 329.33M | 217.78M | 512.30M | 141.04M |
| Gross Profit | 16.02M | 17.67M | 8.33M | 12.29M | 29.16M | 6.68M |
| EBITDA | -5.32M | 3.94M | 4.68M | -4.99M | 19.00M | -6.46M |
| Net Income | -133.00K | 1.33M | 2.99M | -8.23M | 12.53M | -9.42M |
Balance Sheet | ||||||
| Total Assets | 270.90M | 296.82M | 276.81M | 218.87M | 294.79M | 269.87M |
| Cash, Cash Equivalents and Short-Term Investments | 79.63M | 77.15M | 94.09M | 89.08M | 91.22M | 91.56M |
| Total Debt | 4.69M | 7.08M | 11.18M | 14.58M | 14.17M | 11.38M |
| Total Liabilities | 141.15M | 165.16M | 140.46M | 85.54M | 155.53M | 147.50M |
| Stockholders Equity | 123.09M | 124.96M | 129.15M | 125.53M | 129.97M | 114.05M |
Cash Flow | ||||||
| Free Cash Flow | -34.92M | -25.80M | -184.00K | -15.19M | -3.85M | 3.50M |
| Operating Cash Flow | -34.71M | -24.67M | 42.00K | -15.01M | -3.74M | 3.79M |
| Investing Cash Flow | 20.29M | 4.98M | 20.97M | 4.55M | -1.07M | -1.98M |
| Financing Cash Flow | -6.24M | -7.77M | -4.92M | -2.27M | 2.21M | 9.63M |
JBB Builders International Ltd. Technical Analysis
Neutral
1.86
Price Trends
2.48
Positive
2.57
Positive
2.17
Positive
Market Momentum
0.10
Positive
51.33
Neutral
48.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1903, the sentiment is Neutral. The current price of 1.86 is below the 20-day moving average (MA) of 2.67, below the 50-day MA of 2.48, and below the 200-day MA of 2.17, indicating a neutral trend. The MACD of 0.10 indicates Positive momentum. The RSI at 51.33 is Neutral, neither overbought nor oversold. The STOCH value of 48.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1903.
JBB Builders International Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$1.71B | 3.83 | 16.17% | 12.15% | -3.66% | 4.32% | |
66 Neutral | HK$36.82B | 4.10 | 11.37% | 6.69% | -5.48% | -4.24% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | HK$1.74B | 5.17 | 1.40% | 3.23% | -10.56% | -29.26% | |
51 Neutral | HK$1.33B | -4,600.49 | -0.11% | ― | -2.02% | -101.97% | |
46 Neutral | HK$219.03M | -1.09 | -6.00% | 7.35% | 13.50% | -106.11% | |
46 Neutral | HK$267.20M | -0.68 | -11.32% | ― | -22.33% | -203.23% |
* Industrials Sector Average
HK:1903
JBB Builders International Ltd.
2.65
1.42
115.45%
HK:0240
Build King Holdings
1.38
0.36
34.77%
HK:3311
China State Construction International Holdings
6.97
-4.12
-37.14%
HK:0896
Hanison Construction Holdings
0.25
0.01
5.06%
HK:0406
Yau Lee Holdings Limited
0.50
-0.30
-37.50%
HK:2355
Baoye Group Co., Ltd. Class H
3.35
-0.73
-17.89%
JBB Builders International Ltd. Corporate Events
JBB Builders signs MOU to explore convenience store venture in Malaysia and Singapore
May 8, 2026
JBB Builders International has signed a six-month memorandum of understanding with Xiamen Jianfu Chain Management to explore convenience store chain opportunities in Malaysia and Singapore. The Chinese partner brings extensive experience in managi...
JBB Builders Details Convenience Store Acquisition and Franchise Growth Strategy in Sichuan
Apr 17, 2026
JBB Builders International Ltd. has provided additional details on its previously announced acquisition of 100% equity interest in a Chengdu-based convenience store operator, formerly known as Chengdu Shanhai Lantu Supermarket Management Co., Ltd....
JBB Builders Extends Deadline for Chengdu Convenience Store Acquisition
Mar 31, 2026
JBB Builders International Limited has issued a supplemental announcement regarding its planned acquisition of 100% equity interest in Chengdu Jianfu Convenience Store Management Co., Ltd., extending the contractual long stop date for completion. ...
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.