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Global Sweeteners Holdings Limited
(3889)
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Rating:41Neutral
Price Target:
HK$0.06
▼(-36.67% Downside)
Action:Upgraded
Date:06/03/26
The score is driven primarily by weak financial performance, especially persistently negative equity and unstable profitability/cash flow. Technicals are bearish with the stock trading below major moving averages, partially offset by oversold indicators. Valuation is constrained by losses (negative P/E) and no stated dividend yield.
Positive Factors
Staple product portfolio
Global Sweeteners produces staple corn‑derived sweeteners used by food and beverage manufacturers. These ingredient products underpin recurring, volume‑driven demand and reduce product obsolescence risk, providing a stable baseline business over the medium term.
Negative Factors
Persistently negative shareholder equity
Accumulated losses producing persistent negative equity weakens the capital structure, distorts leverage metrics, and reduces the firm's loss‑absorption capacity. This elevates financing and counterparty risk and constrains the company's ability to raise capital on favorable terms.
Read all positive and negative factors
Positive Factors
Negative Factors
Staple product portfolio
Global Sweeteners produces staple corn‑derived sweeteners used by food and beverage manufacturers. These ingredient products underpin recurring, volume‑driven demand and reduce product obsolescence risk, providing a stable baseline business over the medium term.
Read all positive factors
Global Sweeteners Holdings Limited (3889) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$125.54M
Dividend YieldN/A
Average Volume (3M)146.60K
Price to Earnings (P/E)―
Beta (1Y)0.32
Revenue Growth-21.24%
EPS Growth-234.18%
CountryHK
Employees410
SectorConsumer Defensive
Sector Strength42
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)-0.07
Shares Outstanding1,931,374,900
10 Day Avg. Volume258,400
30 Day Avg. Volume146,600
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-0.51
Price to Sales (P/S)0.36
P/FCF Ratio-4.51
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
Global Sweeteners Holdings Limited Business Overview & Revenue Model
Company Description
Global Corn Group Limited, an investment holding company, engages in the manufacture and sale of corn refined products and corn sweeteners primarily in the People’s Republic of China. The company offers corn starch, gluten meal, corn oil, and othe...
How the Company Makes Money
Global Sweeteners primarily makes money by producing and selling corn-refining sweeteners and related products to downstream manufacturers. Its revenue model is largely volume- and price-driven: it purchases agricultural raw materials (primarily c...
Global Sweeteners Holdings Limited Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
18
Very Negative
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 491.02M | 623.46M | 440.81M | 359.57M | 728.10M |
| Gross Profit | 45.41M | 31.30M | 36.62M | 27.27M | 41.59M |
| EBITDA | -80.71M | 120.27M | -23.12M | -31.48M | 48.22M |
| Net Income | -131.87M | 66.62M | 289.52M | -212.49M | -96.26M |
Balance Sheet | |||||
| Total Assets | 572.15M | 568.84M | 575.36M | 687.11M | 935.08M |
| Cash, Cash Equivalents and Short-Term Investments | 1.35M | 5.10M | 13.55M | 4.28M | 7.83M |
| Total Debt | 325.44M | 299.74M | 441.08M | 796.48M | 929.61M |
| Total Liabilities | 916.18M | 787.09M | 957.21M | 1.37B | 1.44B |
| Stockholders Equity | -344.03M | -218.25M | -375.92M | -675.04M | -494.19M |
Cash Flow | |||||
| Free Cash Flow | -38.98M | -192.38M | 87.80M | 13.14M | -285.45M |
| Operating Cash Flow | -36.95M | -114.66M | 88.39M | 13.28M | -283.86M |
| Investing Cash Flow | -623.00K | -76.51M | -589.00K | 19.64M | 383.12M |
| Financing Cash Flow | 33.70M | 182.97M | -78.30M | -36.13M | -112.93M |
Global Sweeteners Holdings Limited Technical Analysis
Negative
0.09
Price Trends
0.07
Negative
0.08
Negative
0.09
Negative
Market Momentum
>-0.01
Positive
29.83
Positive
24.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3889, the sentiment is Negative. The current price of 0.09 is above the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.07, and above the 200-day MA of 0.09, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 29.83 is Positive, neither overbought nor oversold. The STOCH value of 24.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3889.
Global Sweeteners Holdings Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$12.35B | 12.51 | 18.42% | 5.89% | 1.24% | 15.80% | |
70 Outperform | HK$1.10B | 8.20 | 5.61% | 10.44% | -1.52% | 6.08% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
57 Neutral | HK$930.46M | 4.35 | 4.38% | 5.38% | -11.88% | -61.92% | |
45 Neutral | HK$73.68M | -0.65 | -21.93% | ― | 75.21% | 18.42% | |
42 Neutral | HK$540.78M | 2.76 | -11.47% | ― | 13.86% | -83.35% | |
41 Neutral | HK$125.54M | -0.95 | ― | ― | -21.24% | -234.18% |
* Consumer Defensive Sector Average
HK:3889
Global Sweeteners Holdings Limited
0.07
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China Starch Holdings Limited
0.16
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Global Sweeteners Holdings Limited Corporate Events
Global Corn Group Wins Strong Shareholder Backing at AGM
Jun 24, 2026
Global Corn Group Limited reported that all resolutions at its latest annual general meeting were approved by shareholders through a poll. Investors endorsed the audited financial statements for the year ended 31 December 2025 and confirmed the re...
Global Corn Group Winds Up Two Loss-Making PRC Subsidiaries Amid Restructuring Push
Jun 1, 2026
Global Corn Group Limited has moved to voluntarily wind up two indirect wholly owned subsidiaries in China, Jinzhou Dacheng Food Development and Jinzhou Yuancheng Bio-chem Technology, appointing the Shenyang branch of Beijing Dacheng Law Offices t...
Global Corn Group Sets 2026 AGM and Seeks Fresh Share Issuance Mandate
Apr 23, 2026
Global Corn Group Limited has called its annual general meeting for 24 June 2026 in Hong Kong, where shareholders will review and approve the audited consolidated financial statements for the year ended 31 December 2025 and vote on the re-election...
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.