Global Sweeteners Holdings Limited (3889) AI Stock Analysis

• Market Cap: €189.27M
• Dividend Yield: N/A
• Average Volume (3M): 227.47K
• Price to Earnings (P/E): 2.0
• Beta (1Y): -0.28
• Revenue Growth: -6.04%
• EPS Growth: -340.00%
• Country: HK
• Employees: 530
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): -0.03
• Shares Outstanding: 1,931,374,900
• 10 Day Avg. Volume: 298,400
• 30 Day Avg. Volume: 227,466
• PEG Ratio: -0.02
• Price to Book (P/B): -0.96
• Price to Sales (P/S): 0.34
• P/FCF Ratio: -1.09
• 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: Moderate Sell
• Number of Analyst Covering: 0

• Rating: 36 Underperform
• Price Target: HK$0.00 ▼(-100.00% Downside)

The most significant factor impacting the score is the company's weak financial performance, characterized by negative equity, high leverage, and liquidity concerns. Technical analysis shows a lack of momentum, and valuation metrics are poor with a negative P/E ratio. These factors collectively result in a low overall stock score.

Global Sweeteners Holdings Limited Business Overview & Revenue Model

Company Description

Global Sweeteners Holdings 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. Its Corn Refined Products segment offers corn starch, gluten meal, corn oil, and other corn refined products. The company's Corn Sweeteners segment provides glucose, maltose, and high fructose corn syrups, as well as maltodextrin, a corn syrup solid. It also offers general administration services. The company serves customers in various sectors, such as food and beverage, confectionary, daily products, fermentation, and chemical industries, as well as cosmetics and pharmaceutical industries. It also exports its products in Japan, South Korea, Taiwan, the Philippines, Russia, Malaysia, and South Africa. The company was founded in 1998 and is headquartered in Hung Hom, Hong Kong. Global Sweeteners Holdings Limited is a subsidiary of Global Corn Bio-chem Technology Company Limited.

How the Company Makes Money

Global Sweeteners Holdings Limited generates revenue through the manufacture and sale of a variety of corn-based sweeteners. The company's primary revenue streams include the sale of corn syrup and corn starch, which are essential ingredients in the production of soft drinks, confectioneries, and baked goods. Additionally, the company supplies sweeteners for industrial applications and pharmaceuticals, expanding its clientele and revenue base. Strategic partnerships with food and beverage manufacturers enhance its market reach and distribution capabilities. The company also benefits from economies of scale in its production processes, allowing it to maintain competitive pricing and margins in the industry.

Global Sweeteners Holdings Limited Financial Statement Overview

Summary

Global Sweeteners Holdings Limited is in a financially fragile state. Despite revenue growth, profitability is weak with negative operational margins. The balance sheet is concerning due to negative equity and high leverage. Cash flow issues further exacerbate the risk, with zero operating and free cash flow suggesting liquidity concerns.

Income Statement

The income statement shows a challenging financial situation. The Net Profit Margin is positive at about 10.7%, but this is misleading as it is skewed by a one-time item boosting net income, given prior negative results. Revenue growth is volatile but showed improvement from 2022 to 2023 with a 50.1% increase. However, EBIT and EBITDA margins are negative, indicating operational challenges. Overall, profitability is weak.

Balance Sheet

The balance sheet reflects financial instability. The Debt-to-Equity ratio is negative due to negative equity, highlighting high leverage and risk. The Equity Ratio is also negative, indicating more liabilities than assets. The company's financial structure is precarious, with significant liabilities overshadowing its assets.

Cash Flow

Cash flow analysis indicates severe weaknesses. Operating Cash Flow is zero in the latest year, a decline from positive cash flow in 2023. The Free Cash Flow is also zero, showing a lack of cash available after capital expenditures. This raises concerns about liquidity and the ability to sustain operations without external financing.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	623.46M	440.81M	359.57M	728.10M	769.02M
Gross Profit	31.30M	36.62M	27.27M	41.59M	77.87M
EBITDA	120.27M	-23.12M	-31.48M	48.22M	201.39M
Net Income	66.62M	289.52M	-212.49M	-96.26M	-8.73M
Balance Sheet
Total Assets	568.84M	575.36M	687.11M	935.08M	1.30B
Cash, Cash Equivalents and Short-Term Investments	5.10M	13.55M	4.28M	7.83M	21.28M
Total Debt	299.74M	441.08M	796.48M	929.61M	996.66M
Total Liabilities	787.09M	957.21M	1.37B	1.44B	1.73B
Stockholders Equity	-218.25M	-375.92M	-675.04M	-494.19M	-418.63M
Cash Flow
Free Cash Flow	-192.38M	87.80M	13.14M	-285.45M	-30.01M
Operating Cash Flow	-114.66M	88.39M	13.28M	-283.86M	-20.20M
Investing Cash Flow	-76.51M	-589.00K	19.64M	383.12M	104.34M
Financing Cash Flow	182.97M	-78.30M	-36.13M	-112.93M	-94.61M

Global Sweeteners Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3889, the sentiment is Positive. The current price of 0.1 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.10, and below the 200-day MA of 0.10, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 53.56 is Neutral, neither overbought nor oversold. The STOCH value of 41.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3889.

Global Sweeteners Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1837	79 Outperform	HK$2.08B	9.35	12.36%	4.12%	11.89%	27.80%
2317	77 Outperform	HK$1.02B	8.55	5.31%	10.12%	-1.19%	-9.05%
1767	68 Neutral	HK$290.00M	10.98	7.70%	0.79%	5.43%	-25.42%
3838	63 Neutral	HK$1.18B	2.60	11.75%	4.90%	-6.58%	16.23%
0809	52 Neutral	HK$846.20M	1.09	-39.38%	―	42.14%	-81.25%
3889	36 Underperform	€189.27M	1.98	―	―	-6.04%	-340.00%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%

Global Sweeteners Holdings Limited Corporate Events

Global Corn Group Reports Interim Loss Amid Revenue Decline

Global Corn Group Limited reported its interim results for the six months ending June 30, 2025, showing a significant decrease in revenue and a net loss compared to the previous year. The company faced challenges with increased other expenses and finance costs, resulting in a comprehensive loss for the period, which may impact its financial stability and market position.

Global Corn Group Limited Schedules Board Meeting to Review Interim Results

Global Corn Group Limited has announced an upcoming board meeting scheduled for August 29, 2025, to review and approve the unaudited interim results for the first half of the year and to consider the payment of an interim dividend. This meeting is significant as it will provide insights into the company’s financial performance and potential returns for stakeholders, impacting its market positioning and investor relations.

Global Corn Group Issues Profit Warning Amid Absence of One-Off Gains

Global Corn Group Limited has issued a profit warning, anticipating a net loss between HK$65.0 million and HK$85.0 million for the first half of 2025, contrasting with a net profit of HK$165.6 million in the same period last year. This downturn is attributed to the absence of significant one-off gains from debt restructuring and asset disposal recorded in the previous year, impacting the company’s financial performance and market positioning.