Ming Fai International Holdings (3828) AI Stock Analysis

• Market Cap: HK$626.80M
• Dividend Yield: 16.28%
• Average Volume (3M): 350.97K
• Price to Earnings (P/E): 4.4
• Beta (1Y): 0.20
• Revenue Growth: 11.80%
• EPS Growth: 37.53%
• Country: HK
• Employees: 7,900
• Sector: Consumer Defensive
• Sector Strength: 56
• Industry: Household & Personal Products
• EPS (TTM): 0.20
• Shares Outstanding: 734,262,700
• 10 Day Avg. Volume: 451,500
• 30 Day Avg. Volume: 350,966
• PEG Ratio: 0.23
• Price to Book (P/B): 0.47
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -56.40
• 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

• Rating: 73 Outperform
• Price Target: HK$1.00 ▲(16.28%Upside)

Ming Fai International Holdings has a solid overall stock score driven by strong valuation metrics and solid financial performance. However, liquidity concerns from cash flow issues and technical indicators suggesting overbought conditions are notable risks.

Ming Fai International Holdings Business Overview & Revenue Model

Company Description

Ming Fai International Holdings Limited (3828) is a prominent supplier and manufacturer of hospitality products, primarily serving the hotel and travel sectors. The company specializes in providing a comprehensive range of amenity products, including personal care items, guestroom accessories, and eco-friendly solutions. Additionally, Ming Fai extends its expertise to the retail and corporate sectors, offering branded products and customized solutions to meet diverse client needs.

How the Company Makes Money

Ming Fai International Holdings generates revenue through the production and sale of hospitality and personal care products. The company's key revenue streams include sales of amenity kits and personal care items to hotels, airlines, and cruise lines, as well as private label manufacturing for retail and corporate clients. Strategic partnerships with leading hospitality brands and a focus on eco-friendly product lines further enhance its market presence and contribute to its earnings. Ming Fai's ability to customize product offerings and maintain high-quality standards ensures a steady demand across its customer base.

Ming Fai International Holdings Financial Statement Overview

Summary

Ming Fai International Holdings displays strong financial health with robust revenue growth and profitability as seen in the income and balance sheet scores. However, the cash flow score is lower due to recent cash flow constraints, indicating potential liquidity management challenges.

Income Statement

Ming Fai International Holdings shows a strong income statement with consistent revenue growth, a gross profit margin improvement reaching approximately 25.1% in the latest year, and increasing EBIT and EBITDA margins. The net profit margin also improved to about 6.2%, reflecting enhanced operational efficiency and profitability.

Balance Sheet

The balance sheet is robust with a low debt-to-equity ratio of approximately 0.035, indicating low leverage. The company's return on equity improved to about 10.8%, demonstrating effective use of shareholder funds. The equity ratio stands strong at around 66.3%, suggesting a stable financial position with a majority of assets financed by shareholders' equity.

Cash Flow

Cash flow statements indicate stability but highlight potential concerns due to zero operating and free cash flow in the latest year. Historically, the company has shown positive free cash flow, but the absence of current operational cash flow could imply liquidity management challenges. The operating cash flow to net income ratio is not calculable for the latest year due to zero operating cash flow.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.31B	2.07B	1.79B	1.44B	1.35B
Gross Profit	579.89M	501.74M	424.81M	269.64M	363.49M
EBITDA	247.66M	211.83M	159.46M	-25.84M	164.03M
Net Income	143.23M	104.18M	75.51M	-97.92M	79.05M
Balance Sheet
Total Assets	2.00B	1.97B	1.75B	1.74B	1.80B
Cash, Cash Equivalents and Short-Term Investments	339.44M	376.79M	305.36M	251.16M	393.94M
Total Debt	46.06M	74.77M	137.24M	164.59M	148.65M
Total Liabilities	732.00M	772.01M	617.98M	644.28M	611.10M
Stockholders Equity	1.32B	1.25B	1.18B	1.14B	1.23B
Cash Flow
Free Cash Flow	34.71M	168.03M	104.74M	-143.42M	9.09M
Operating Cash Flow	113.13M	228.66M	129.75M	-98.65M	100.12M
Investing Cash Flow	-69.52M	-59.33M	-23.64M	-38.79M	-89.62M
Financing Cash Flow	-86.45M	-103.41M	-45.39M	-8.03M	19.94M

Ming Fai International Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.86
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3828, the sentiment is Positive. The current price of 0.86 is above the 20-day moving average (MA) of 0.82, above the 50-day MA of 0.81, and above the 200-day MA of 0.76, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 71.08 is Negative, neither overbought nor oversold. The STOCH value of 93.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3828.

Ming Fai International Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1925	75 Outperform	HK$510.35M	3.94	24.41%	7.14%	22.46%	91.73%
3828	73 Outperform	HK$626.80M	4.45	11.13%	16.28%	11.80%	37.53%
8512	73 Outperform	HK$275.55M	1.71	29.75%	―	4.99%	88.39%
1455	69 Neutral	HK$358.00M	8.44	9.60%	9.80%	12.22%	3.67%
Sector *	65 Neutral	$26.91B	15.41	-4.18%	3.21%	1.01%	1.34%
2023	63 Neutral	HK$403.28M	7.25	12.01%	―	25.55%	14.47%
1962	63 Neutral	HK$311.56M	8.02	4.83%	11.43%	3.79%	-18.75%

Ming Fai International Holdings Corporate Events

Ming Fai International Holdings Updates Nomination Committee

Ming Fai International Holdings Limited has announced changes in the composition of its Nomination Committee. Ms. CHAN Yim Ching and Mr. HUNG Kam Hung Allan have been appointed as members, effective June 25, 2025. The committee now consists of five members, which may influence the company’s governance and strategic direction.

Ming Fai International Holdings Announces Board Composition and Roles

Ming Fai International Holdings Limited, incorporated in the Cayman Islands, has announced the composition of its board of directors and their roles within the company. The board includes executive directors, a non-executive director, and independent non-executive directors, each serving on various committees such as the Audit, Remuneration, Nomination, Executive, and Investment Committees. This announcement provides clarity on the governance structure and leadership roles within the company, potentially impacting decision-making processes and strategic direction.

Ming Fai International Holdings Establishes Nomination Committee

Ming Fai International Holdings has established a Nomination Committee, which is primarily composed of independent non-executive directors, to oversee the nomination process for board members. The committee is tasked with ensuring diversity, including gender diversity, and is responsible for meeting at least once a year to discuss nominations. The establishment of this committee reflects the company’s commitment to maintaining a robust governance structure, potentially enhancing its reputation and operational efficiency.

Ming Fai International Holdings Successfully Passes All AGM Resolutions

Ming Fai International Holdings Limited announced that all resolutions proposed at its Annual General Meeting on May 22, 2025, were passed successfully. Key resolutions included the adoption of financial statements, declaration of a final dividend, re-election of directors, and granting of mandates to buy back and issue shares. This outcome reflects strong shareholder support and positions the company for continued operational stability and strategic growth.

Ming Fai International Holdings Faces Revenue Decline Amid Industry Challenges

Ming Fai International Holdings reported a decline in revenue and gross profit for the first quarter of 2025, with decreases of 4.8% and 9.9% respectively compared to the previous year. This downturn is attributed to reduced demand in the hospitality supplies sector, particularly from the travel, tourism, and aviation industries. Additionally, the company is monitoring the impact of new U.S. tariff measures on its operations, as North America accounts for a significant portion of its revenue. The company is proactively adjusting strategies to mitigate risks and exploring new business opportunities.

Ming Fai International Holdings Announces AGM and Key Resolutions

Ming Fai International Holdings Limited has announced its upcoming Annual General Meeting (AGM) scheduled for May 22, 2025, in Hong Kong. Key agenda items include the adoption of financial statements, declaration of a final dividend, re-election of directors, re-appointment of auditors, and authorization for the company to buy back shares. These resolutions aim to strengthen the company’s governance and financial standing, potentially impacting shareholder value and market perception positively.