KPa-BM Holdings Ltd (2663) AI Stock Analysis

• Market Cap: HK$155.94M
• Dividend Yield: 23.73%
• Average Volume (3M): 152.00K
• Price to Earnings (P/E): 3.8
• Beta (1Y): -0.06
• Revenue Growth: -32.31%
• EPS Growth: -51.89%
• Country: HK
• Employees: 214
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 0.02
• Shares Outstanding: 556,930,000
• 10 Day Avg. Volume: 147,000
• 30 Day Avg. Volume: 152,000
• PEG Ratio: -0.24
• Price to Book (P/B): 0.74
• Price to Sales (P/S): 0.29
• P/FCF Ratio: 5.99
• 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: 71 Outperform
• Price Target: HK$0.30 ▲(8.57% Upside)
• Action: Upgraded Date: 03/24/26
• Date: Action: Upgraded 03/24/26

The score is driven primarily by solid financial fundamentals (especially low leverage) despite softer 2025 results and cash-flow volatility, supported by very strong valuation metrics (low P/E and high dividend yield). Technical signals are more neutral, with price slightly below moving averages but momentum indicators modestly positive.

Positive Factors

Low leverage / strong balance sheet

A conservatively levered balance sheet and very low debt materially reduce solvency and refinancing risk across project cycles. This durable strength supports bidding on capital-intensive contracts, cushions margin volatility, and preserves capacity for capex, dividends or opportunistic M&A over the next several months.

Negative Factors

2025 revenue contraction

A reversal to negative revenue growth in 2025 signals durable headwinds such as fewer new awards, project timing gaps, or market weakness. Reduced top-line scale can impair operating leverage, limit reinvestment capacity, and pressure margins and backlog conversion over the coming quarters unless order intake recovers.

KPa-BM Holdings Ltd Business Overview & Revenue Model

Company Description

KPa-BM Holdings Limited, an investment holding company, provides structural engineering works with a focus on design and build projects to the private and public sectors primarily in Hong Kong and Mainland China. The company operates through three...

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KPa-BM Holdings Limited, an investment holding company, provides structural engineering works with a focus on design and build projects to the private and public sectors primarily in Hong Kong and Mainland China. The company operates through three...

KPa-BM Holdings Ltd Financial Statement Overview

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2021
Income Statement
Total Revenue	638.06M	667.71M	666.04M	568.49M	494.17M	458.49M
Gross Profit	110.73M	107.09M	115.23M	100.77M	60.71M	100.65M
EBITDA	56.99M	52.49M	68.52M	56.18M	25.80M	70.82M
Net Income	28.24M	36.16M	46.38M	37.15M	11.51M	50.17M
Balance Sheet
Total Assets	375.95M	437.82M	526.63M	497.98M	402.13M	431.39M
Cash, Cash Equivalents and Short-Term Investments	68.65M	119.97M	170.23M	124.94M	105.40M	116.65M
Total Debt	10.71M	12.98M	18.76M	54.77M	16.22M	11.66M
Total Liabilities	119.04M	176.42M	234.28M	234.18M	154.76M	163.17M
Stockholders Equity	256.90M	261.40M	292.35M	263.79M	247.37M	268.23M
Cash Flow
Free Cash Flow	-16.28M	32.06M	106.85M	3.67M	6.14M	13.86M
Operating Cash Flow	-11.15M	33.07M	109.48M	4.65M	7.44M	15.68M
Investing Cash Flow	-6.72M	-381.00K	7.55M	-11.11M	20.46M	-1.81M
Financing Cash Flow	-59.12M	-83.02M	-61.23M	15.78M	-38.75M	-23.43M

KPa-BM Holdings Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.28
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2663, the sentiment is Positive. The current price of 0.28 is above the 20-day moving average (MA) of 0.28, above the 50-day MA of 0.28, and below the 200-day MA of 0.30, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 60.30 is Neutral, neither overbought nor oversold. The STOCH value of 25.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2663.

KPa-BM Holdings Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1420	77 Outperform	HK$353.76M	1.21	11.24%	―	20.41%	188.08%
2663	71 Outperform	HK$155.94M	3.77	15.49%	23.73%	-32.31%	-51.89%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
1757	63 Neutral	HK$22.18B	659.69	1.29%	―	78.48%	-33.33%
1547	47 Neutral	HK$156.00M	9.03	5.57%	2.58%	27.88%	1.69%
1707	47 Neutral	HK$70.56M	-5.35	-9.80%	―	3.97%	14.02%
1459	41 Neutral	HK$129.61M	-36.13	-0.68%	7.69%	-33.92%	-94.74%