Dmall Inc. (HK:2586)
:2586
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Dmall Inc.
(2586)
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Rating:56Neutral
Price Target:
HK$7.50
▲(3.31% Upside)
Action:ReiteratedDate: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
2025 Revenue & Profit Turnaround
A 41% top-line increase coupled with a move to operating profit and ~6% net margin indicates improved product-market fit and scalable unit economics. This structural improvement supports reinvestment in platform development and long-term margin expansion if sustained across cycles.
Negative Factors
Historical Balance Sheet Stress
Prior periods of negative equity and near-doubling of leverage reflect structural stress in the business model under adverse conditions. Even with recent improvement, legacy liabilities, creditor relationships, and investor confidence require prolonged consistent performance to fully alleviate risk.
Read all positive and negative factors
Positive Factors
Negative Factors
2025 Revenue & Profit Turnaround
A 41% top-line increase coupled with a move to operating profit and ~6% net margin indicates improved product-market fit and scalable unit economics. This structural improvement supports reinvestment in platform development and long-term margin expansion if sustained across cycles.
Read all positive factors
Dmall Inc. (2586) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$6.81B
Dividend YieldN/A
Average Volume (3M)3.91M
Price to Earnings (P/E)45.1
Beta (1Y)1.08
Revenue Growth19.85%
EPS GrowthN/A
CountryHK
Employees1,453
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)N/A
Shares Outstanding937,492,070
10 Day Avg. Volume2,344,432
30 Day Avg. Volume3,909,727
Financial Highlights & Ratios
PEG Ratio-0.43
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$10.80Price Target Upside48.76% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Dmall Inc. Business Overview & Revenue Model
Company Description
Dmall Inc is a holding company primarily engaged in the provision of retail digitalization solutions to retailers in the local retail industry. The Company mainly operates its business through three segments. The Retail Core Service Cloud segment ...
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 | 1.54B | 2.17B | 1.86B | 1.59B | 1.33B | 848.19M |
| Gross Profit | 607.49M | 827.79M | 746.38M | 554.70M | 505.20M | 172.74M |
| EBITDA | 58.24M | 84.22M | -2.38B | -683.13M | -833.00M | -1.74B |
| Net Income | -912.67M | 130.26M | -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 | 537.55M |
| 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 | 42.36M | 72.21M | -82.99M | -185.79M | -222.50M | -1.29B |
| Operating Cash Flow | 44.74M | 116.87M | -74.20M | -179.25M | -205.50M | -1.27B |
| Investing Cash Flow | 16.68M | -51.55M | -31.91M | -31.03M | 68.85M | -321.40M |
| Financing Cash Flow | -131.13M | -50.99M | 373.00M | 207.06M | 282.43M | 833.72M |
Dmall Inc. Technical Analysis
Negative
7.26
Price Trends
7.83
Negative
7.67
Negative
8.86
Negative
Market Momentum
-0.15
Negative
44.37
Neutral
32.87
Neutral
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 below the 20-day moving average (MA) of 7.39, below the 50-day MA of 7.83, and below the 200-day MA of 8.86, indicating a bearish trend. The MACD of -0.15 indicates Negative momentum. The RSI at 44.37 is Neutral, neither overbought nor oversold. The STOCH value of 32.87 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | HK$3.09B | 21.75 | 6.90% | 3.70% | -15.05% | -11.32% | |
65 Neutral | HK$60.60B | 17.05 | 48.56% | ― | ― | ― | |
62 Neutral | HK$20.91B | 22.58 | ― | 6.30% | ― | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | HK$6.81B | 45.10 | -159.21% | ― | 19.85% | ― | |
44 Neutral | HK$851.30M | -20.07 | -12.13% | ― | -85.44% | -172.45% | |
44 Neutral | HK$2.75B | 14.54 | -22.57% | ― | 58.65% | ― |
* Technology Sector Average
HK:2586
Dmall Inc.
7.26
-3.86
-34.71%
HK:0186
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0.16
-0.10
-38.00%
HK:1115
Tibet Water Resources
0.50
0.19
59.68%
HK:6868
Tenfu (Cayman) Holdings Co
2.86
-0.35
-10.85%
HK:2460
China Resources Beverage (Holdings) Company Limited
8.72
-4.64
-34.73%
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Guming Holdings Ltd.
25.48
0.63
2.54%
Dmall Inc. Corporate Events
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...
Dmall Renews Major Connected-Party Cloud Service and Lease Deals
Mar 18, 2026
Dmall Inc. has renewed and amended several framework agreements with connected parties including Wumei Group, MDL Wholesale Group and Dmall Fresh, extending key retail core service cloud and marketing resource arrangements for three years from Jan...
Dmall Swings to Profit in 2025 as Revenue and Adjusted Earnings Surge
Mar 18, 2026
Dmall Inc. reported audited annual results for the year ended December 31, 2025, showing a solid rebound in profitability and continued top-line growth. Revenue from continuing operations rose 19.8% year on year to RMB 2.23 billion, while gross pr...
Dmall Schedules Board Meeting to Approve 2025 Results and Consider Final Dividend
Mar 5, 2026
Dmall Inc. has scheduled a board meeting for March 18, 2026 to review and approve the Group’s annual results for the financial year ended December 31, 2025, and to authorize the release of those results to the market. The board will also con...
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.