Global Sweeteners Holdings Limited (HK:3889)
:3889
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Global Sweeteners Holdings Limited
(3889)
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Rating:39Underperform
Price Target:
HK$0.08
▼(-15.56% Downside)
Action:Reiterated
Date:05/01/26
The score is primarily weighed down by weak financial performance—losses, negative cash flow in recent years, and persistently negative equity indicating elevated balance-sheet risk. Technical indicators also remain bearish with the stock trading below key moving averages and a negative MACD, despite oversold signals. Valuation offers limited support due to a negative P/E and no dividend yield data.
Positive Factors
Stable, essential demand
Global Sweeteners sells core ingredients (glucose, HFCS, maltose) to food and beverage and industrial customers, creating durable demand tied to consumer food production. The volume- and price-driven revenue model supports repeat business and steady baseline volumes over cycles.
Negative Factors
Persistently negative equity
Accumulated losses have driven shareholder equity negative, materially weakening the capital base. Negative equity constrains financial flexibility, complicates access to capital, distorts leverage metrics and increases insolvency risk if cash shortfalls persist or operational recovery is delayed.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable, essential demand
Global Sweeteners sells core ingredients (glucose, HFCS, maltose) to food and beverage and industrial customers, creating durable demand tied to consumer food production. The volume- and price-driven revenue model supports repeat business and steady baseline volumes over cycles.
Read all positive factors
Global Sweeteners Holdings Limited (3889) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$146.78M
Dividend YieldN/A
Average Volume (3M)146.60K
Price to Earnings (P/E)―
Beta (1Y)-0.31
Revenue Growth-21.24%
EPS Growth-234.18%
CountryHK
Employees530
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
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 Sweeteners Holdings Limited (3889) is a leading manufacturer and supplier of sweeteners and food additives, primarily focused on the production of high-quality corn-based sweeteners, including glucose syrup and fructose syrup. The company o...
How the Company Makes Money
Global Sweeteners Holdings Limited primarily makes money by manufacturing sweeteners and selling them to customers (typically business customers rather than consumers). Its revenue model is product-based: (1) it generates revenue from the sale of ...
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
0.08
Negative
0.09
Negative
0.09
Negative
Market Momentum
>-0.01
Positive
41.56
Neutral
37.50
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 0.08, above the 50-day MA of 0.08, and below the 200-day MA of 0.09, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.56 is Neutral, neither overbought nor oversold. The STOCH value of 37.50 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 |
|---|---|---|---|---|---|---|---|
88 Outperform | HK$3.30B | 8.02 | 12.93% | 3.74% | 22.72% | 41.32% | |
75 Outperform | HK$1.19B | 7.69 | 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$330.00M | ― | 3.94% | 0.78% | 6.35% | -52.30% | |
56 Neutral | HK$1.01B | 5.21 | 4.38% | 5.38% | -11.88% | -61.92% | |
44 Neutral | HK$1.07B | 10.83 | -11.47% | ― | 13.86% | -83.41% | |
39 Underperform | HK$146.78M | -1.33 | ― | ― | -21.24% | -234.18% |
* Consumer Defensive Sector Average
HK:3889
Global Sweeteners Holdings Limited
0.08
-0.03
-28.30%
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0.33
0.00
0.00%
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Natural Food International Holding Ltd.
1.51
0.85
128.79%
HK:2317
Vedan International (Holdings) Ltd.
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39.29%
HK:3838
China Starch Holdings Limited
0.17
<0.01
1.20%
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Global Bio-chem Technology Group Co. Ltd.
0.06
>-0.01
-13.51%
Global Sweeteners Holdings Limited Corporate Events
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...
Global Corn Group Swings to Loss on Lower Revenue and Higher Finance Costs
Mar 27, 2026
Global Corn Group Limited, formerly Global Sweeteners Holdings Limited, operates in the corn processing and sweeteners sector, producing corn-based products and derivatives for food and industrial use. The Hong Kong-listed group serves regional an...
Global Corn Group Sets March Board Meeting to Approve 2025 Results and Consider Final Dividend
Mar 17, 2026
Global Corn Group Limited has scheduled a board meeting for 27 March 2026 to review and approve the annual results for the financial year ended 31 December 2025. The board will also consider the potential declaration of a final dividend, a decisio...
Global Corn Group warns of 2025 loss amid sweetener glut and absence of one-off gains
Mar 1, 2026
Global Corn Group Limited has issued a profit warning, advising shareholders and investors that it expects 2025 revenue to fall to about HK$491 million from HK$623.5 million a year earlier and to swing to a pre-tax net loss of between HK$120 milli...
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.