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Huabang Technology Holdings Limited
(3638)
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Rating:39Underperform
Price Target:
HK$7.50
▼(-45.18% Downside)
Action:Reiterated
Date:03/24/26
The score is driven down primarily by deteriorating financial performance (sharp revenue decline, return to sizable losses, and weakened/negative free cash flow). Technical indicators also show a strong downtrend with negative momentum, and valuation is strained by an extremely high P/E with no dividend yield data to support it.
Positive Factors
Diversified revenue streams
Huabang's business model includes trading, finance leasing, money lending and financial asset investments. This multi-pronged revenue mix reduces reliance on any single market cycle, supports cross-selling, and provides multiple cashflow channels that improve resilience over a multi-month horizon.
Negative Factors
Sharp revenue decline and large losses
A large revenue contraction paired with a steep negative net margin materially weakens the firm's ability to self-fund operations and investment. Persistent top-line deterioration reduces scale benefits, pressures margins, and raises the risk that current losses persist absent structural demand or execution improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue streams
Huabang's business model includes trading, finance leasing, money lending and financial asset investments. This multi-pronged revenue mix reduces reliance on any single market cycle, supports cross-selling, and provides multiple cashflow channels that improve resilience over a multi-month horizon.
Read all positive factors
Huabang Technology Holdings Limited (3638) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$275.22M
Dividend YieldN/A
Average Volume (3M)525.99K
Price to Earnings (P/E)22.0
Beta (1Y)0.96
Revenue Growth-4.25%
EPS GrowthN/A
CountryHK
Employees75
SectorIndustrials
Sector Strength72
IndustryTechnology Distributors
Share Statistics
EPS (TTM)-0.99
Shares Outstanding77,146,774
10 Day Avg. Volume616,550
30 Day Avg. Volume525,985
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)2.06
Price to Sales (P/S)1.66
P/FCF Ratio-684.38
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
Huabang Technology Holdings Limited Business Overview & Revenue Model
Company Description
Hunlicar Group Limited, an investment holding company, engages in the computer and electronic products trading business in Hong Kong and the People's Republic of China. It operates through three segments: Computer and Electronic Products Trading B...
How the Company Makes Money
Huabang Technology Holdings Limited generates revenue through multiple streams. Its primary income comes from the trading of computers, electronic components, and related peripheral products. Additionally, the company earns revenue by offering fin...
Huabang Technology Holdings Limited Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
52
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 156.36M | 238.98M | 357.11M | 456.56M | 1.70B | 2.02B |
| Gross Profit | 89.65M | 97.75M | 14.20M | -53.84M | -207.02M | 44.41M |
| EBITDA | -61.33M | -48.91M | 38.70M | -89.61M | -242.34M | -83.28M |
| Net Income | -76.56M | -76.09M | 14.76M | -127.61M | -241.02M | -93.11M |
Balance Sheet | ||||||
| Total Assets | 734.06M | 559.69M | 478.16M | 437.89M | 514.77M | 935.99M |
| Cash, Cash Equivalents and Short-Term Investments | 378.80M | 22.93M | 67.92M | 74.56M | 78.16M | 94.40M |
| Total Debt | 111.23M | 93.61M | 132.66M | 184.57M | 177.37M | 346.76M |
| Total Liabilities | 523.03M | 361.56M | 198.92M | 251.60M | 220.07M | 402.11M |
| Stockholders Equity | 191.49M | 192.91M | 282.97M | 179.94M | 285.98M | 526.76M |
Cash Flow | ||||||
| Free Cash Flow | 66.79M | -580.00K | 38.17M | -4.57M | 22.83M | -30.07M |
| Operating Cash Flow | 73.05M | 1.57M | 39.03M | -785.00K | 23.28M | -28.96M |
| Investing Cash Flow | -2.52M | 5.04M | -19.26M | -10.44M | 120.59M | -15.42M |
| Financing Cash Flow | -18.49M | -52.80M | 16.54M | -4.38M | -165.24M | -4.41M |
Huabang Technology Holdings Limited Technical Analysis
Negative
13.68
Price Trends
8.26
Negative
9.51
Negative
11.90
Negative
Market Momentum
-0.09
Negative
41.93
Neutral
54.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3638, the sentiment is Negative. The current price of 13.68 is above the 20-day moving average (MA) of 8.05, above the 50-day MA of 8.26, and above the 200-day MA of 11.90, indicating a bearish trend. The MACD of -0.09 indicates Negative momentum. The RSI at 41.93 is Neutral, neither overbought nor oversold. The STOCH value of 54.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3638.
Huabang Technology Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
53 Neutral | HK$1.06B | -14.39 | -20.60% | 2.94% | 3.90% | -966.83% | |
46 Neutral | HK$1.55B | -29.70 | 156.12% | ― | -4.17% | 17.20% | |
46 Neutral | HK$2.94B | -5.86 | -11.23% | ― | -4.90% | 6.88% | |
42 Neutral | HK$378.08M | -18.84 | -23.45% | ― | 14.97% | -33.01% | |
42 Neutral | HK$32.19M | -0.47 | -61.10% | ― | -26.68% | -28.64% | |
39 Underperform | HK$275.22M | 21.96 | -39.83% | ― | -4.25% | ― |
* Industrials Sector Average
HK:3638
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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.