Hao Bai International (Cayman) Ltd (HK:8431)
:8431
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Hao Bai International (Cayman) Ltd
(8431)
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Rating:62Neutral
Price Target:
HK$0.92
▲(268.80% Upside)
Action:ReiteratedDate:04/25/26
The score is primarily held back by below-average financial performance: despite a 2025 revenue and cash-flow rebound, the company remains structurally loss-making with very weak margins and negative returns. Offsetting this, technicals are strong with the price trading above all major moving averages and a positive MACD, though momentum is overheated (high RSI/Stoch). Valuation is supportive on a low P/E, but yield data is unavailable.
Positive Factors
Revenue rebound and margin improvement
A 19% revenue rebound and gross margin expanding to ~35% indicate improving unit economics in the company’s project-based water systems business. Sustained top-line recovery and better gross margins support improved cash conversion and a clearer path to durable operating improvements if maintained.
Negative Factors
Deep structural losses and negative returns
A net margin near -79% and very negative ROE indicate the core business remains loss-making after 2025 improvements. Persistent structural losses erode equity, constrain retained-earnings-driven strengthening, and limit capacity to invest in scaling operations or absorb adverse contract margins over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound and margin improvement
A 19% revenue rebound and gross margin expanding to ~35% indicate improving unit economics in the company’s project-based water systems business. Sustained top-line recovery and better gross margins support improved cash conversion and a clearer path to durable operating improvements if maintained.
Read all positive factors
Hao Bai International (Cayman) Ltd (8431) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$196.35M
Dividend YieldN/A
Average Volume (3M)249.63K
Price to Earnings (P/E)1.8
Beta (1Y)0.49
Revenue Growth156.20%
EPS Growth-101.78%
CountryHK
Employees11
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.03
Shares Outstanding236,563,600
10 Day Avg. Volume405,530
30 Day Avg. Volume249,633
Financial Highlights & Ratios
PEG Ratio-0.13
Price to Book (P/B)16.86
Price to Sales (P/S)3.88
P/FCF Ratio9.40
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
Hao Bai International (Cayman) Ltd Business Overview & Revenue Model
Company Description
Hao Bai International (Cayman) Limited, an investment holding company, engages in the design, procurement, and installation of water circulation systems in Hong Kong and Macau. It operates through Management Contracting Services, Consultancy Servi...
How the Company Makes Money
Hao Bai International (Cayman) Ltd generates revenue primarily through project-based contracts for the design and implementation of water-related systems. These contracts include services for design consultancy, procurement of equipment, installat...
Hao Bai International (Cayman) Ltd Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
40
Negative
Cash Flow
45
Neutral
| Breakdown | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 24.50M | 21.88M | 15.60M | 6.46M | 26.59M |
| Gross Profit | 8.68M | 5.45M | 3.49M | 1.61M | 2.36M |
| EBITDA | -17.40M | -8.31M | -32.38M | -29.26M | -25.03M |
| Net Income | -19.32M | -10.73M | -33.21M | -30.43M | -28.93M |
Balance Sheet | |||||
| Total Assets | 81.08M | 107.17M | 84.14M | 73.34M | 117.60M |
| Cash, Cash Equivalents and Short-Term Investments | 1.82M | 170.00K | 248.00K | 107.00K | 438.00K |
| Total Debt | 5.65M | 8.61M | 7.64M | 10.63M | 36.77M |
| Total Liabilities | 75.10M | 95.78M | 83.25M | 56.27M | 70.10M |
| Stockholders Equity | 5.63M | 11.09M | 788.00K | 17.07M | 47.50M |
Cash Flow | |||||
| Free Cash Flow | 10.10M | -16.19M | -18.00M | 17.41M | -6.23M |
| Operating Cash Flow | 10.10M | -16.19M | -18.00M | 17.41M | -6.23M |
| Investing Cash Flow | -4.21M | 233.00K | 3.00K | 17.45M | -3.94M |
| Financing Cash Flow | -4.24M | 16.81M | 18.35M | -27.95M | -12.31M |
Hao Bai International (Cayman) Ltd Technical Analysis
Positive
0.25
Price Trends
0.45
Positive
0.35
Positive
0.27
Positive
Market Momentum
0.03
Positive
52.19
Neutral
27.82
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8431, the sentiment is Positive. The current price of 0.25 is below the 20-day moving average (MA) of 0.49, below the 50-day MA of 0.45, and below the 200-day MA of 0.27, indicating a bullish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 52.19 is Neutral, neither overbought nor oversold. The STOCH value of 27.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:8431.
Hao Bai International (Cayman) Ltd Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | HK$196.35M | 1.78 | -162.61% | ― | 156.20% | -101.78% | |
53 Neutral | HK$102.96M | -39.18 | 4.48% | ― | 3.00% | -183.33% | |
52 Neutral | HK$74.81M | -5.40 | -200.99% | ― | -15.62% | -11.50% | |
51 Neutral | HK$488.72M | -13.68 | -17.36% | ― | -49.78% | -49.74% | |
46 Neutral | HK$16.56M | -26.25 | -16.34% | ― | -14.15% | -435.00% | |
45 Neutral | HK$5.52M | -0.62 | 230.51% | ― | -75.80% | -6612.36% |
* Industrials Sector Average
HK:8431
Hao Bai International (Cayman) Ltd
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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.