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Dmall Inc.
(2586)
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Rating:56Neutral
Price Target:
HK$6.50
▼(-10.47% Downside)
Action:Reiterated
Date:04/27/26
The score is primarily supported by the 2025 financial turnaround (profitability, improved leverage, and positive free cash flow). It is held back by weak technical momentum (below major moving averages with negative MACD and low RSI) and a relatively high P/E with no dividend yield data to offset valuation risk.
Positive Factors
Revenue and profitability rebound (2025)
A 41% revenue jump and a shift to operating profit with ~6% net margin indicate the company scaled sales while restoring core profitability. This suggests product-market fit and operating leverage that can sustain margins over the medium term if topline growth persists.
Negative Factors
Historic balance-sheet stress
A recent history of heavy leverage and prior negative equity means the company’s stronger 2025 balance sheet is a short track record. Legacy stress increases the risk of recurrence during downturns, potentially constraining credit access and raising refinancing vulnerability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and profitability rebound (2025)
A 41% revenue jump and a shift to operating profit with ~6% net margin indicate the company scaled sales while restoring core profitability. This suggests product-market fit and operating leverage that can sustain margins over the medium term if topline growth persists.
Read all positive factors
Dmall Inc. (2586) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$5.39B
Dividend YieldN/A
Average Volume (3M)3.91M
Price to Earnings (P/E)―
Beta (1Y)0.95
Revenue Growth19.85%
EPS GrowthN/A
CountryHK
Employees1,453
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)N/A
Shares Outstanding884,793,200
10 Day Avg. Volume2,344,432
30 Day Avg. Volume3,909,727
Financial Highlights & Ratios
PEG Ratio-0.44
Price to Book (P/B)6.53
Price to Sales (P/S)2.71
P/FCF Ratio81.36
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$9.12Price Target Upside25.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Dmall Inc. Business Overview & Revenue Model
Company Description
Dmall Inc. operates as a holding company, focusing primarily on equipping local retailers with comprehensive digitalization solutions. The company's activities are organized into three principal divisions. Firstly, the "Retail Core Service Cloud" ...
How the Company Makes Money
null...
Dmall Inc. Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
56
Neutral
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.00B | 2.17B | 1.86B | 1.59B | 1.33B | 848.19M |
| Gross Profit | 801.05M | 819.23M | 746.38M | 554.70M | 505.20M | 172.74M |
| EBITDA | 44.84M | 166.16M | -2.38B | -683.13M | -833.00M | -1.74B |
| Net Income | -1.89B | 133.72M | -2.20B | -592.36M | -807.41M | -1.75B |
Balance Sheet | ||||||
| Total Assets | 1.40B | 1.73B | 1.66B | 1.38B | 1.31B | 1.28B |
| Cash, Cash Equivalents and Short-Term Investments | 623.11M | 942.58M | 888.14M | 568.11M | 598.17M | 439.44M |
| Total Debt | 398.63M | 368.49M | 557.09M | 7.53B | 6.72B | 5.32B |
| Total Liabilities | 766.19M | 778.99M | 1.02B | 8.14B | 7.38B | 6.02B |
| Stockholders Equity | 577.05M | 899.67M | 565.67M | -6.86B | -6.16B | -4.82B |
Cash Flow | ||||||
| Free Cash Flow | 31.72M | 72.21M | -82.99M | -185.79M | -222.50M | -1.29B |
| Operating Cash Flow | 36.01M | 116.87M | -74.20M | -179.25M | -205.50M | -1.27B |
| Investing Cash Flow | 3.75M | -51.55M | -31.91M | -31.03M | 68.85M | -321.40M |
| Financing Cash Flow | 55.30M | -50.99M | 373.00M | 207.06M | 282.43M | 833.72M |
Dmall Inc. Technical Analysis
Negative
7.26
Price Trends
6.63
Negative
7.26
Negative
7.86
Negative
Market Momentum
-0.01
Negative
53.60
Neutral
88.07
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2586, the sentiment is Negative. The current price of 7.26 is above the 20-day moving average (MA) of 6.22, above the 50-day MA of 6.63, and below the 200-day MA of 7.86, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 53.60 is Neutral, neither overbought nor oversold. The STOCH value of 88.07 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2586.
Dmall Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | HK$867.70M | 10.30 | 23.35% | 9.81% | 2.06% | 2.52% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | HK$2.32B | 28.32 | -8.12% | ― | 3.16% | ― | |
57 Neutral | HK$20.97B | 127.01 | 1.75% | ― | 12.11% | ― | |
56 Neutral | HK$5.39B | -3.26 | -139.39% | ― | 19.85% | ― | |
51 Neutral | HK$4.06B | 11.38 | 3.76% | ― | -12.84% | 11.49% | |
42 Neutral | HK$4.63B | -16.31 | -66.11% | ― | 18.94% | 89.36% |
* Technology Sector Average
HK:2586
Dmall Inc.
6.09
-2.92
-32.41%
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Dmall Inc. Corporate Events
Dmall Shareholders Approve All AGM Resolutions, Expanding Board Capital Mandates
Jun 5, 2026
Shareholders of Dmall Inc. overwhelmingly approved all resolutions at the company’s annual general meeting held on June 5, 2026, including the adoption of the 2025 audited financial statements and reports. The meeting also endorsed the re-el...
Dmall launches share buyback as AI-driven retail business accelerates
Jun 5, 2026
Dmall Inc. has authorized a share repurchase of up to 10% of its issued shares, using its own funds and treating repurchased stock as treasury shares that may later be cancelled, sold or used for share incentive plans. The board argues the company...
Dmall Secures Waiver for Delayed Circular on Cloopen Acquisition
Jun 5, 2026
Dmall Inc. has announced a delay in sending a shareholder circular related to its planned acquisition of an equity interest in Cloopen Group Holding Limited, citing the need for more time to finalize unaudited pro forma financial information and a...
Dmall Seeks Extension for Circular on Cloopen Acquisition
Jun 3, 2026
Dmall Inc. has announced a delay in sending to shareholders a circular related to its planned acquisition of equity interest in Cloopen Group Holding Limited. The circular was originally scheduled to be dispatched by June 3, 2026, and is expected ...
Dmall to Take Major Minority Stake in Cloopen via US$36 Million Privatization Deal
May 12, 2026
Dmall Inc. has agreed, through a wholly owned subsidiary, to invest up to US$36 million in the proposed privatization of Cloopen Group Holding Limited, whose ADSs trade on the U.S. OTC market. Subject to conditions and an expected commitment of ab...
Dmall Sets 2026 AGM to Approve Accounts, Board Slate and Share Issuance Mandate
Apr 17, 2026
Dmall Inc. has called its annual general meeting for June 5, 2026, in Beijing, where shareholders will review and adopt the audited consolidated financial statements for the year ended December 31, 2025, along with the directors’ and auditor...
Dmall Delays Circular on Wumei Retail Connected Transactions to April 30
Apr 13, 2026
Dmall Inc. has announced a delay in the publication of a shareholder circular related to the renewal of its continuing connected transactions with Wumei Retail. The circular, which will detail the 2027 Wumei Retail Core Service Cloud Framework Agr...
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.