Million Cities Holdings Ltd. (2892) AI Stock Analysis

• Market Cap: HK$251.25M
• Dividend Yield: N/A
• Average Volume (3M): 2.33K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.21
• Revenue Growth: -72.10%
• EPS Growth: 90.00%
• Country: HK
• Employees: 41
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): >-0.01
• Shares Outstanding: 750,000,000
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 2,333
• PEG Ratio: 0.02
• Price to Book (P/B): 0.33
• Price to Sales (P/S): 1.87
• P/FCF Ratio: -2.48
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: HK$0.34 ▲(0.88% Upside)

Million Cities Holdings Ltd. faces significant financial challenges with negative profitability and cash flow issues. Technical analysis shows mixed signals, with potential resistance at key moving averages. The stock's valuation is unattractive due to a negative P/E ratio and lack of dividend yield. These factors contribute to a low overall stock score.

Positive Factors

Strong Cash Position

A strong cash position offers financial flexibility, allowing the company to manage short-term obligations and invest in growth opportunities, enhancing long-term resilience.

Low Leverage

Low leverage reduces financial risk and interest obligations, providing the company with greater stability and capacity to weather economic downturns.

Diversified Revenue Streams

Diversified revenue streams reduce reliance on any single income source, enhancing stability and providing multiple growth avenues in the real estate sector.

Negative Factors

Negative Profitability

Negative profitability indicates ongoing operational challenges, which can erode shareholder value and limit reinvestment in the business, impacting long-term growth.

Declining Revenue

Declining revenue suggests reduced market demand or competitive pressures, which can hinder the company's ability to sustain operations and invest in future growth.

Negative Cash Flow

Negative cash flow reflects inefficiencies in operations and limits the company's ability to fund new projects or meet financial obligations, threatening long-term viability.

Million Cities Holdings Ltd. Business Overview & Revenue Model

Company Description

Million Cities Holdings Ltd. (2892) is a diversified investment holding company based in Hong Kong, primarily engaged in the property investment and development sector. The company focuses on acquiring, developing, and managing various real estate assets, including residential, commercial, and industrial properties. Additionally, it invests in infrastructure projects and engages in property-related services, aiming to capitalize on the growth opportunities within the dynamic real estate market.

How the Company Makes Money

Million Cities Holdings Ltd. generates revenue through multiple streams primarily centered around its property investment and development activities. The company earns rental income from its commercial and residential properties, which constitute a significant portion of its revenue. Additionally, it profits from the sale of developed properties and land parcels, wherein it engages in residential and commercial projects. The company may also explore partnerships with other developers or investors to co-develop projects, sharing both the risks and rewards. Furthermore, income from property management services adds to its revenue, while strategic investments in infrastructure projects can yield returns through public-private partnerships or government contracts.

Million Cities Holdings Ltd. Financial Statement Overview

Summary

Million Cities Holdings Ltd. is experiencing financial distress with declining revenues, negative profitability, and cash flow challenges. Despite a strong cash position and low leverage, ongoing losses and negative cash flows pose significant risks.

Income Statement

Million Cities Holdings Ltd. has faced significant challenges in recent years, with declining revenue and negative profitability metrics. The gross profit margin has turned negative, indicating cost pressures or pricing challenges. Net income has also been negative, reflecting ongoing losses. The company has seen a substantial drop in revenue from 2023 to 2024, indicating a severe contraction in business operations.

Balance Sheet

The balance sheet shows a mixed picture. While the company has a relatively low debt-to-equity ratio, indicating conservative leverage, the equity ratio has been declining, suggesting a shrinking asset base relative to equity. The return on equity is negative due to net losses, which is a concern for investors. However, the company maintains a strong cash position, which provides some financial stability.

Cash Flow

Cash flow analysis reveals significant challenges, with negative operating and free cash flows in the latest period, indicating cash burn. The operating cash flow to net income ratio is negative, reflecting inefficiencies in converting earnings into cash. The free cash flow to net income ratio is also negative, highlighting difficulties in generating cash from operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	74.28M	99.71M	641.63M	571.18M	1.35B	1.24B
Gross Profit	-23.61M	-17.13M	-164.50M	275.09M	313.38M	551.24M
EBITDA	-108.51M	-120.01M	-512.66M	181.90M	208.18M	480.87M
Net Income	-53.19M	-113.82M	-482.28M	69.18M	166.38M	112.75M
Balance Sheet
Total Assets	1.37B	1.44B	1.67B	2.75B	3.04B	3.40B
Cash, Cash Equivalents and Short-Term Investments	234.93M	268.45M	364.16M	208.08M	406.47M	366.31M
Total Debt	619.00K	685.00K	28.00K	158.61M	323.17M	369.67M
Total Liabilities	665.93M	739.65M	822.50M	1.29B	1.68B	2.23B
Stockholders Equity	570.88M	570.70M	685.42M	1.17B	1.09B	928.90M
Cash Flow
Free Cash Flow	-53.33M	-75.39M	367.99M	7.04M	102.45M	-251.99M
Operating Cash Flow	-52.58M	-74.45M	369.89M	9.63M	106.84M	-247.34M
Investing Cash Flow	-17.29M	-61.80M	28.43M	-11.46M	-32.43M	-250.44M
Financing Cash Flow	39.73M	39.19M	-241.29M	-169.85M	-65.66M	137.07M

Million Cities Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.34
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2892, the sentiment is Neutral. The current price of 0.34 is above the 20-day moving average (MA) of 0.34, below the 50-day MA of 0.34, and above the 200-day MA of 0.33, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 54.90 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2892.

Million Cities Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
0216	53 Neutral	HK$314.28M	-0.43	-9.81%	―	48.60%	-441.98%
3616	51 Neutral	HK$426.00M	-5.58	―	―	―	―
2892	46 Neutral	HK$251.25M	-4.27	-9.07%	―	-72.10%	90.00%
2231	39 Underperform	HK$148.16M	-0.61	―	―	-37.97%	87.04%
3301	39 Underperform	HK$262.62M	-0.02	―	―	-60.50%	-103.48%
0298	38 Underperform	HK$253.48M	-0.90	-9.74%	―	173.15%	2.36%

Million Cities Holdings Ltd. Corporate Events

Million Cities Holdings Approves Key Agreements at EGM

Million Cities Holdings Limited announced the successful passing of resolutions at their Extraordinary General Meeting held on November 19, 2025. The resolutions pertain to the Sale and Purchase Agreement and the Subscription Agreement, which include significant transactions such as acquisitions and disposals. These developments are expected to impact the company’s operational strategies and potentially alter its market positioning, reflecting shareholder support for the proposed business directions.

Million Cities Holdings to Discuss Key Agreements at Upcoming EGM

Million Cities Holdings Limited has announced an extraordinary general meeting scheduled for November 19, 2025, to discuss and potentially approve two key agreements: a Sale and Purchase Agreement and a Subscription Agreement. These agreements, if ratified, will authorize the company’s directors to execute necessary actions to implement the transactions, potentially impacting the company’s operational strategies and stakeholder interests.