939:HKEXChina Construction Bank Corporation Class H Analysis
Data as of 2026-03-10 - not real-time
MYR 0.04
Latest Price
8/10Risk
Risk Level: High
Executive Summary
The stock is trading just above its 20‑day SMA (0.0377) but below the 50‑day SMA (0.0396), with an RSI of 44 indicating a neutral stance and a bearish MACD histogram that suggests downward momentum. Support sits around 0.025 while resistance is near 0.04, and volume is on an increasing trend despite the market’s extreme greed sentiment (fear‑greed index 75.9). Volatility is exceptionally high at 136% over the past 30 days and beta is negative, underscoring a volatile, defensive price profile.
Fundamentally, the company posts negative gross (-6.9%), operating (-4.9%) and profit margins (-26%), with operating cash flow deeply in the red (‑7.7 M MYR) and a debt‑to‑equity ratio of 0.91. The balance sheet shows a modest cash buffer (≈ 65 k MYR) against 176 k MYR of debt, and there is no dividend payout. Valuation metrics appear cheap – a price‑to‑book of 1.30 and price‑to‑sales of 0.92 – but the lack of earnings, a 55% max drawdown, and high liquidity risk temper any upside.
Fundamentally, the company posts negative gross (-6.9%), operating (-4.9%) and profit margins (-26%), with operating cash flow deeply in the red (‑7.7 M MYR) and a debt‑to‑equity ratio of 0.91. The balance sheet shows a modest cash buffer (≈ 65 k MYR) against 176 k MYR of debt, and there is no dividend payout. Valuation metrics appear cheap – a price‑to‑book of 1.30 and price‑to‑sales of 0.92 – but the lack of earnings, a 55% max drawdown, and high liquidity risk temper any upside.
Market Outlook
Short Term
< 1 yearCautious
Model confidence: 7/10
Key Factors
- Bearish MACD and price below 50‑day SMA
- Negative earnings and cash flow
- High short‑term volatility and recent drawdown
Medium Term
1–3 yearsNeutral
Model confidence: 5/10
Key Factors
- Potential floor at support level 0.025
- Low valuation multiples (P/B, P/S)
- Uncertain turnaround of operating performance
Long Term
> 3 yearsNeutral
Model confidence: 4/10
Key Factors
- Structural exposure to technology/electronic components sector
- Heavy debt load relative to cash
- Absence of dividend and ongoing profitability challenges
Key Metrics & Analysis
Financial Health
Profit Margin-26.17%
Debt/Equity0.91
P/B Ratio1.3
Op. Cash FlowMYR-7674099
Industry P/E36.8
Technical Analysis
TrendNeutral
RSI44.3
SupportMYR 0.03
ResistanceMYR 0.04
MA 20MYR 0.04
MA 50MYR 0.04
MA 200MYR 0.03
MACDBearish
VolumeIncreasing
Fear & Greed Index75.89
Valuation
GradeUndervalued
TypeValue
Risk Assessment
Beta-0.34
Volatility136.02%
Sector RiskMedium
Reg. RiskMedium
Geo RiskMedium
Currency RiskMedium
Liquidity RiskHigh
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This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.