Gain Plus Holdings Limited (9900) AI Stock Analysis

• Market Cap: HK$12.65B
• Dividend Yield: N/A
• Average Volume (3M): 5.25M
• Price to Earnings (P/E): 583.8
• Beta (1Y): -0.53
• Revenue Growth: -5.39%
• EPS Growth: -41.75%
• Country: HK
• Employees: 398
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): <0.01
• Shares Outstanding: 2,976,000,000
• 10 Day Avg. Volume: 4,727,200
• 30 Day Avg. Volume: 5,252,666
• PEG Ratio: 1.72
• Price to Book (P/B): 2.17
• Price to Sales (P/S): 0.50
• P/FCF Ratio: 39.71
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: HK$4.50 ▼(-23.08% Downside)
• Action: Reiterated Date: 03/24/26
• Date: Action: Reiterated 03/24/26

The score is held up mainly by a conservative balance sheet with very low leverage, but is weighed down by weakening revenue/margins, inconsistent cash generation, bearish technical signals (below key moving averages with negative MACD), and a very high P/E multiple.

Positive Factors

Conservative balance sheet with very low leverage

Extremely low leverage and a sizable equity base materially reduce financial risk and provide structural resilience. This durable strength gives the company capacity to absorb cyclical revenue shocks, fund selective capex or working capital needs without refinancing stress, and preserve strategic optionality.

Negative Factors

Declining revenue trend

A multi-year downtick in revenue erodes scale and jeopardizes fixed-cost absorption, reducing operating leverage. Persistent top-line contraction can limit reinvestment in competitiveness, weaken negotiating leverage with suppliers and clients, and make sustaining prior profitability structurally more difficult.

Gain Plus Holdings Limited Business Overview & Revenue Model

Company Description

Hong Kong Zcloud Technology Construction Ltd. is an investment company, which engages in the provision of building construction services. It also include repair, maintenance, addition, and alteration services. The company was founded by Chiu Kwan ...

Read more

Hong Kong Zcloud Technology Construction Ltd. is an investment company, which engages in the provision of building construction services. It also include repair, maintenance, addition, and alteration services. The company was founded by Chiu Kwan ...

Gain Plus Holdings Limited Financial Statement Overview

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	1.22B	1.28B	1.15B	1.21B	1.06B	951.25M
Gross Profit	49.50M	62.72M	60.05M	84.66M	54.71M	60.53M
EBITDA	31.73M	42.03M	27.35M	69.34M	20.96M	41.51M
Net Income	17.82M	31.05M	27.70M	56.76M	13.32M	34.07M
Balance Sheet
Total Assets	398.96M	430.27M	351.67M	368.24M	323.97M	293.97M
Cash, Cash Equivalents and Short-Term Investments	226.70M	165.88M	140.12M	202.58M	81.77M	61.84M
Total Debt	1.36M	1.68M	284.00K	0.00	3.97M	7.26M
Total Liabilities	95.10M	131.24M	81.70M	80.10M	92.51M	75.84M
Stockholders Equity	300.18M	296.75M	265.69M	288.21M	231.45M	218.13M
Cash Flow
Free Cash Flow	49.90M	16.21M	-23.14M	130.14M	36.17M	-9.90M
Operating Cash Flow	50.23M	16.21M	-20.34M	131.58M	39.06M	-9.76M
Investing Cash Flow	9.51M	-260.00K	8.04M	2.70M	-39.25M	5.00K
Financing Cash Flow	-6.54M	-6.29M	-50.51M	-3.98M	-4.01M	-1.83M

Gain Plus Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 5.85
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9900, the sentiment is Negative. The current price of 5.85 is above the 20-day moving average (MA) of 4.40, above the 50-day MA of 5.72, and above the 200-day MA of 3.93, indicating a neutral trend. The MACD of -0.39 indicates Negative momentum. The RSI at 33.43 is Neutral, neither overbought nor oversold. The STOCH value of 35.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9900.

Gain Plus Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0331	74 Outperform	HK$2.56B	2.94	40.30%	6.91%	-3.41%	-9.72%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
0830	62 Neutral	HK$1.96B	11.31	8.04%	6.55%	-22.53%	-30.02%
9913	56 Neutral	HK$2.31B	-41.09	-8.94%	―	-44.51%	-260.89%
2355	53 Neutral	HK$2.04B	3.54	1.40%	3.23%	-27.65%	-68.36%
9900	48 Neutral	HK$12.65B	583.83	11.04%	―	-5.39%	-41.75%
1271	42 Neutral	HK$752.72M	-13.90	-13.69%	―	-30.18%	-254.53%

Gain Plus Holdings Limited Corporate Events