Reliance Global Holdings (SEHK:2989) - Stock Price, News & Analysis

2989 Stock Overview

An investment holding company, engages in the forest business in the People’s Republic of China, Hong Kong, rest of Asia, Europe, and the Middle East.

About the company

2989 fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 74.3% below our estimate of its fair value

Risk Analysis

Shares are highly illiquid

Earnings have declined by 46.2% per year over past 5 years

Does not have a meaningful market cap (HK$230M)

Shareholders have been diluted in the past year

Reliance Global Holdings Limited Competitors

Da Sen Holdings Group

SEHK:1580

HK$156.7m

Almana

SEHK:8186

HK$193.6m

Greenheart Group

SEHK:94

HK$111.3m

Steed Oriental (Holdings)

SEHK:8277

HK$43.6m

Price History & Performance

Summary of all time highs, changes and price drops for Reliance Global Holdings
Historical stock prices
Current Share Price	HK$0.20
52 Week High	HK$0.43
52 Week Low	HK$0.18
Beta	0.24
11 Month Change	-46.49%
3 Month Change	n/a
1 Year Change	n/a
33 Year Change	n/a
5 Year Change	n/a
Change since IPO	-53.95%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	2989	HK Forestry	HK Market
7D	0%	1.6%	1.9%
1Y	n/a	-11.7%	18.1%

Return vs Industry: Insufficient data to determine how 2989 performed against the Hong Kong Forestry industry.

Return vs Market: Insufficient data to determine how 2989 performed against the Hong Kong Market.

Price Volatility

Is 2989's price volatile compared to industry and market?
2989 volatility
2989 Average Weekly Movement	n/a
Forestry Industry Average Movement	15.6%
Market Average Movement	8.9%
10% most volatile stocks in HK Market	19.0%
10% least volatile stocks in HK Market	4.2%

Stable Share Price: 2989's share price has been volatile over the past 3 months compared to the Hong Kong market.

Volatility Over Time: Insufficient data to determine 2989's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1991	70	Ming Wai Lai	www.relianceglobal.com.hk

Reliance Global Holdings Limited, an investment holding company, engages in the forest business in the People’s Republic of China, Hong Kong, rest of Asia, Europe, and the Middle East. The company operates through Money Lending, Sustainable Forest Management, Timber Supply Chain, and Leasing of Properties segments. The company offers loan products, including mortgage, corporate, personal, and finance loans; and management services.

Reliance Global Holdings Limited Fundamentals Summary

How do Reliance Global Holdings's earnings and revenue compare to its market cap?
2989 fundamental statistics
Market cap	HK$229.71m
Earnings (TTM)	-HK$4.45m
Revenue (TTM)	HK$305.61m

0.8x

P/S Ratio

-51.6x

P/E Ratio

Is 2989 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2989 income statement (TTM)
Revenue	HK$305.61m
Cost of Revenue	HK$281.10m
Gross Profit	HK$24.51m
Other Expenses	HK$28.97m
Earnings	-HK$4.45m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0041
Gross Margin	8.02%
Net Profit Margin	-1.46%
Debt/Equity Ratio	10.5%

How did 2989 perform over the long term?

See historical performance and comparison