G & M Holdings Ltd. (HK:6038)
:6038
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G & M Holdings Ltd.
(6038)
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Rating:74Outperform
Price Target:
HK$0.45
▲(86.67% Upside)
Action:Reiterated
Date:05/02/26
The score is driven primarily by strong financial quality—especially an exceptionally low-debt balance sheet and improved profitability—tempered by the 2025 revenue contraction and cash-flow volatility. Technicals are modestly supportive with price above major moving averages and a positive MACD, while valuation is aided by a low P/E despite no dividend data.
Positive Factors
Balance-sheet Strength
Exceptionally low leverage and a large equity base provide durable financial flexibility. This reduces interest burdens, supports capital allocation optionality (capex, M&A, buybacks), and improves resilience in downturns, underpinning long-term stability and creditworthiness.
Negative Factors
Top-line Decline
A sharp revenue contraction materially weakens growth prospects and limits the company’s ability to scale fixed-cost leverage. Continued top-line pressure forces dependence on margin gains for earnings growth, increasing execution risk and constraining long-term market share expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet Strength
Exceptionally low leverage and a large equity base provide durable financial flexibility. This reduces interest burdens, supports capital allocation optionality (capex, M&A, buybacks), and improves resilience in downturns, underpinning long-term stability and creditworthiness.
Read all positive factors
G & M Holdings Ltd. (6038) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$391.17M
Dividend Yield12.5%
Average Volume (3M)1.76M
Price to Earnings (P/E)5.7
Beta (1Y)0.21
Revenue Growth-11.39%
EPS Growth28.24%
CountryHK
Employees106
SectorServices
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.06
Shares Outstanding1,003,000,000
10 Day Avg. Volume4,680,000
30 Day Avg. Volume1,760,333
Financial Highlights & Ratios
PEG Ratio0.23
Price to Book (P/B)1.25
Price to Sales (P/S)0.98
P/FCF Ratio6.72
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
G & M Holdings Ltd. Business Overview & Revenue Model
Company Description
G & M Holdings Limited, an investment holding company, provides design and build, and repair and maintenance services in relation to podium facade and curtain wall works in Hong Kong and the People's Republic of China. It also designs aluminum and...
G & M Holdings Ltd. Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
88
Very Positive
Cash Flow
64
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 380.42M | 429.31M | 496.63M | 382.79M | 403.21M |
| Gross Profit | 96.02M | 114.46M | 102.52M | 91.20M | 86.13M |
| EBITDA | 62.09M | 46.45M | 72.91M | 54.66M | 51.74M |
| Net Income | 55.57M | 43.19M | 57.00M | 43.40M | 36.80M |
Balance Sheet | |||||
| Total Assets | 481.98M | 489.18M | 484.84M | 403.68M | 408.49M |
| Cash, Cash Equivalents and Short-Term Investments | 388.52M | 348.25M | 249.73M | 184.84M | 94.69M |
| Total Debt | 4.12M | 3.26M | 5.78M | 8.32M | 26.98M |
| Total Liabilities | 184.51M | 212.19M | 171.27M | 114.07M | 151.18M |
| Stockholders Equity | 297.47M | 276.99M | 313.57M | 289.61M | 257.31M |
Cash Flow | |||||
| Free Cash Flow | 55.20M | 159.65M | 102.18M | -19.47M | -55.90M |
| Operating Cash Flow | 56.25M | 161.20M | 133.33M | 120.86M | -50.80M |
| Investing Cash Flow | 111.58M | 89.39M | -79.48M | -140.34M | -5.10M |
| Financing Cash Flow | -3.24M | -83.74M | -36.68M | -29.88M | -4.96M |
G & M Holdings Ltd. Technical Analysis
Positive
0.24
Price Trends
0.39
Positive
0.37
Positive
0.29
Positive
Market Momentum
>-0.01
Positive
49.16
Neutral
77.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6038, the sentiment is Positive. The current price of 0.24 is below the 20-day moving average (MA) of 0.40, below the 50-day MA of 0.39, and below the 200-day MA of 0.29, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 49.16 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:6038.
G & M Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$391.17M | 5.75 | 18.10% | 12.50% | -11.39% | 28.24% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
51 Neutral | HK$327.52M | -2.73 | -6.83% | 8.33% | -36.59% | -183.16% | |
48 Neutral | HK$216.00M | 5.92 | 4.36% | 15.38% | 0.39% | -42.36% | |
47 Neutral | HK$70.56M | -5.35 | -9.80% | ― | 3.97% | 14.02% | |
46 Neutral | HK$300.46M | -0.25 | -11.32% | ― | -8.54% | -25.17% | |
41 Neutral | HK$231.39M | -4.56 | -84.47% | ― | -63.83% | 36.13% |
* Services Sector Average
HK:6038
G & M Holdings Ltd.
0.39
0.18
84.21%
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Hanison Construction Holdings
0.28
0.04
14.29%
HK:1447
SFK Construction Holdings Ltd.
0.54
0.00
0.00%
HK:1559
Kwan On Holdings Ltd.
0.07
>-0.01
-1.39%
HK:1707
Geotech Holdings Ltd.
0.04
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-72.00%
HK:2863
Golden Faith Group Holdings Limited
0.44
0.07
18.92%
G & M Holdings Ltd. Corporate Events
G & M Holdings Sets 2026 AGM to Approve Accounts and Renew Share Issuance Mandate
Apr 28, 2026
G M Holdings Ltd., incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange under stock code 6038, functions as a publicly traded company governed by Hong Kong listing rules and supported by a board that includes non-executiv...
G & M Holdings Lifts 2025 Profit Despite Lower Revenue and Withholds Final Dividend
Mar 26, 2026
G M Holdings Limited reported revenue of HK$380.4 million for the year ended 31 December 2025, down from HK$429.3 million in 2024, while gross profit slipped to HK$100.1 million from HK$114.5 million, reflecting softer top-line performance. Despi...
G & M Holdings Sets Board Meeting to Approve 2025 Results and Consider Dividend
Mar 16, 2026
G M Holdings Ltd. has announced that its board of directors will meet on 26 March 2026 to review and approve the final results of the company and its subsidiaries for the financial year ended 31 December 2025. The board will also consider the dec...
G & M Holdings Switches Hong Kong Share Registrar to Union Registrars
Feb 16, 2026
G M Holdings Limited has announced a change to its Hong Kong Branch Share Registrar and Transfer Office, appointing Union Registrars Limited as its new service provider with effect from 18 March 2026. From that date, applications for share transf...
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.