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Ming Fai International Holdings Limited (HK:3828)
:3828
Hong Kong Market

Ming Fai International Holdings (3828) AI Stock Analysis

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HK

Ming Fai International Holdings

(3828)

Rating:74Outperform
Price Target:
HK$1.00
▲(25.00%Upside)
Ming Fai International Holdings scores a 74, driven by solid financial performance and attractive valuation. The strong income statement and balance sheet are partially offset by concerns regarding cash flow. Technical analysis provides a mixed view, with potential overbought conditions. Valuation metrics highlight the stock's appeal due to low P/E and high dividend yield.

Ming Fai International Holdings (3828) vs. iShares MSCI Hong Kong ETF (EWH)

Ming Fai International Holdings Business Overview & Revenue Model

Company DescriptionMing Fai International Holdings Limited, an investment holding company, manufactures and trades in hospitality supplies, and trades in operating supplies and equipment in Hong Kong, North America, Europe, the People's Republic of China, Australia, other Asia Pacific regions, and internationally. It provides bath mats, acrylic hotel supplies, leather and resin collections, portable cables, umbrellas, compact mirrors, and other guest room collections; and safe deposit boxes, digital bathroom scales, flashlights, mini refrigerators, electric kettles, telephones, hairdryers/irons, digital clocks, and other electronic supplies. The company also offers lobby supplies comprising message boards and signs, luggage and housekeeping carts, hotel railing stands, ashtrays, outdoor trushbins, podiums, umbrella and luggage stands, garment and hat stands, beverage carts, signage and equipment, and others; and janitorial supplies, such as cleaning equipment and tools, trash bins, cleaning detergents, and others. In addition, it provides glassware products; kitchenware products, including Western kitchen and tableware, knife and forks, buffet collections, and kitchen appliances; melamine tableware; child care cribs; dispenser and bath products; and towels, beddings, table linens, shoes, bathrobes, accessories, and mattresses. Further, the company offers ceramic collections, plates, bowls, ceramic soup tureen, coffee and tea porcelain, color glazed porcelain, Japan and Korea porcelain, sand and stone pots, coarse pottery, and other ceramic and porcelain products. The company was founded in 1980 and is headquartered in Tsuen Wan, Hong Kong.
How the Company Makes MoneyMing 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
85
Very Positive
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
78
Positive
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
65
Positive
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 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
2.31B2.07B1.79B1.44B1.35B
Gross Profit
579.89M501.74M424.81M269.64M363.49M
EBIT
173.65M144.06M91.83M-44.00M102.22M
EBITDA
247.66M211.83M159.46M-25.84M164.03M
Net Income Common Stockholders
143.23M104.18M75.51M-97.92M79.05M
Balance SheetCash, Cash Equivalents and Short-Term Investments
339.44M376.79M305.36M251.16M393.94M
Total Assets
2.00B1.97B1.75B1.74B1.80B
Total Debt
46.06M74.77M137.24M164.59M148.65M
Net Debt
-282.56M-300.32M-168.12M-86.57M-244.30M
Total Liabilities
732.00M772.01M617.98M644.28M611.10M
Stockholders Equity
1.32B1.25B1.18B1.14B1.23B
Cash FlowFree Cash Flow
34.71M168.03M104.74M-143.42M9.09M
Operating Cash Flow
113.13M228.66M129.75M-98.65M100.12M
Investing Cash Flow
-69.52M-59.33M-23.64M-38.79M-89.62M
Financing Cash Flow
-86.45M-103.41M-45.39M-8.03M19.94M

Ming Fai International Holdings Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.80
Price Trends
50DMA
0.79
Positive
100DMA
0.78
Positive
200DMA
0.74
Positive
Market Momentum
MACD
<0.01
Negative
RSI
57.53
Neutral
STOCH
76.67
Neutral
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 0.8 is below the 20-day moving average (MA) of 0.80, above the 50-day MA of 0.79, and above the 200-day MA of 0.74, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.53 is Neutral, neither overbought nor oversold. The STOCH value of 76.67 is Neutral, 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

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
HK$583.07M4.0411.13%12.50%11.80%37.53%
74
Outperform
HK$270.96M1.6629.75%4.99%88.39%
73
Outperform
HK$355.48M9.004.83%10.54%3.79%-18.75%
69
Neutral
HK$232.70M5.1910.48%9.80%12.22%3.67%
68
Neutral
HK$486.05M3.7824.41%7.50%22.46%91.73%
65
Neutral
$8.88B15.054.75%203.76%3.54%-2.50%
63
Neutral
HK$442.62M7.9612.01%25.55%14.47%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:3828
Ming Fai International Holdings
0.81
0.19
30.65%
HK:1455
Fourace Industries Group Holdings Limited
0.18
0.00
0.00%
HK:1925
Kwung's Holdings Limited
1.17
0.09
8.33%
HK:1962
Evergreen Products Group Ltd.
0.58
0.15
34.88%
HK:2023
China Ludao Technology Co. Ltd.
0.90
-0.03
-3.23%
HK:8512
Hyfusin Group Holdings Ltd.
0.29
-0.03
-9.38%

Ming Fai International Holdings Corporate Events

Ming Fai International Holdings Successfully Passes All AGM Resolutions
May 22, 2025

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
May 20, 2025

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
Apr 22, 2025

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.

Ming Fai International Holdings Reports Strong Financial Growth in 2024
Mar 26, 2025

Ming Fai International Holdings reported a strong financial performance for the year ended December 31, 2024, with a revenue increase of 11.8% to approximately HK$2,311.3 million and a gross profit rise of 15.6% to HK$579.9 million. The company also saw an increase in its gross profit margin and operating profit, alongside a proposed final dividend increase, reflecting a positive impact on its financial health and shareholder returns.

Ming Fai International Holdings Declares Final Dividend for 2024
Mar 26, 2025

Ming Fai International Holdings Limited has announced a final cash dividend of HKD 0.07 per share for the financial year ending December 31, 2024. The dividend will be paid on June 6, 2025, following shareholder approval on May 22, 2025, with the ex-dividend date set for May 26, 2025. This announcement reflects the company’s commitment to returning value to its shareholders and may influence investor sentiment positively.

Ming Fai International Holdings Announces Board Meeting for Financial Results
Mar 13, 2025

Ming Fai International Holdings Limited has announced that its board of directors will convene on March 26, 2025, to approve the final results for the year ending December 31, 2024, and to consider the recommendation of a final dividend payment. This meeting is significant as it will determine the company’s financial performance and potential shareholder returns, impacting its market position and stakeholder interests.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.