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Mexan (0022) AI Stock Analysis
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Mexan
(HKEX:0022)
The score is held back mainly by weak cash generation and low confidence in the sustainability/quality of FY2026 earnings despite improved revenue and a debt-free balance sheet. Technicals add pressure given the broader downtrend signals, while valuation appears very low but is discounted due to the earnings and cash-flow mismatch.
Mexan (0022) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 66.07M
- Dividend Yield
- ―
- Average Volume (3M)
- 212.60K
- Price to Earnings (P/E)
- 0.0
- Beta (1Y)
- 1.97
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- Hong Kong
- Employees
- 21
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Construction Materials
Mexan Business Overview & Revenue Model
Company Description
Mexan Limited is an investment holding company primarily engaged in hotel operations and the building materials sector. The company operates the 'Winland 800 Hotel' in Tsingyi, Hong Kong. It also supplies a range of building materials, including furn...
Mexan Financial Statement Overview
Summary
Mixed fundamentals. Revenue rebounded strongly and the balance sheet de-risked materially with debt falling to zero, but operating profitability remains thin and inconsistent. FY2026 earnings quality is questionable given unusually high net income versus revenue and a sharp deterioration to negative operating/free cash flow, indicating poor cash conversion.
Income Statement
58NeutralBalance Sheet
74PositiveCash Flow
34Negative| Breakdown | TTM | Mar 2026 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 44.14M | 44.14M | 37.59M | 102.50M | 126.36M | 27.52M |
| Gross Profit | 18.05M | 18.05M | 6.93M | 28.65M | 44.32M | 8.66M |
| EBITDA | 3.56M | 1.58M | -12.17M | 13.48M | -2.91M | -19.89M |
| Net Income | 374.90M | 374.90M | -32.02M | -20.16M | -23.77M | -44.41M |
Balance Sheet | ||||||
| Total Assets | 263.90M | 263.90M | 546.92M | 555.23M | 602.36M | 536.21M |
| Cash, Cash Equivalents and Short-Term Investments | 197.85M | 197.85M | 40.30M | 46.95M | 50.21M | 21.38M |
| Total Debt | 0 | 0 | 87.70M | 121.46M | 119.14M | 81.74M |
| Total Liabilities | 15.22M | 15.22M | 199.05M | 176.41M | 203.15M | 113.07M |
| Stockholders Equity | 252.43M | 252.43M | 351.41M | 382.16M | 402.32M | 426.08M |
Cash Flow | ||||||
| Free Cash Flow | -29.17M | -29.17M | 28.71M | 16.21M | -26.61M | -25.43M |
| Operating Cash Flow | -29.17M | -29.17M | 29.18M | 18.23M | -22.15M | -16.46M |
| Investing Cash Flow | 752.84M | 752.84M | 518.00K | -1.78M | -6.24M | -8.97M |
| Financing Cash Flow | -561.26M | -561.26M | -36.90M | -24.01M | 57.23M | 20.06M |
Mexan Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0022, the sentiment is Negative. The current price of 1.68 is below the 20-day moving average (MA) of 2.09, below the 50-day MA of 2.16, and below the 200-day MA of 5.24, indicating a bearish trend. The MACD of -0.19 indicates Positive momentum. The RSI at 31.97 is Neutral, neither overbought nor oversold. The STOCH value of 10.58 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0022.
Mexan Peers Comparison
Overall Rating
HK:122172Outperform
HK:018467.9Neutral
HK:127067Neutral
HK:006966Neutral- HK:002253Neutral
HK:007838Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:1221 | 72Outperform | HKD 1.70B | 17.30 | 2.28% | 2.11% | 3.53% | -7.42% |
| HK:0184 | 68Neutral | HKD 768.85M | 2.54 | 8.45% | 5.53% | 6.80% | 67.22% |
| HK:1270 | 67Neutral | HKD 1.54B | 4.46 | 3.55% | 7.36% | 5.13% | 585.92% |
| HK:0069 | 66Neutral | HKD 13.52B | 11.96 | 2.68% | 3.97% | 5.29% | 15.06% |
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| HK:0022 | 53Neutral | HKD 66.07M | 0.00 | 146.53% | ― | ― | ― |
| HK:0078 | 38Underperform | HKD 337.04M | -0.69 | -6.04% | ― | 49.29% | 79.61% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:0022 | Mexan | 1.68 | -2.82 | -62.67% | |
| HK:0184 | Keck Seng Investments (Hong Kong) | 2.26 | 0.12 | 5.56% | |
| HK:1270 | Langham Hospitality Investments | 0.43 | -0.04 | -7.64% | |
| HK:0069 | Shangri-La Asia | 3.78 | -0.95 | -20.12% | |
| HK:1221 | Sino Hotels (Holdings) Ltd. | 1.42 | 0.01 | 0.57% | |
| HK:0078 | Regal Hotels International Holdings Limited | 0.38 | -0.22 | -37.50% |
Mexan Corporate Events
Mexan lifts stake in nickel player Lygend Resources in discloseable Hong Kong deal
Mexan has acquired 491,000 shares of Lygend Resources & Technology on the Hong Kong market for about HK$9.97 million, paying the prevailing market price and funding the purchase from internal resources. Together with 283,200 shares bought over th...
Mexan Shareholders Back Board, Auditor and Capital Mandates at AGM
Shareholders of Mexan Limited approved all resolutions at the annual general meeting held on 30 September 2026, including the receipt of audited financial statements for the year ended 31 March 2026 and the re-election of executive and independent no...
Mexan sets AGM to approve accounts, director changes and new share mandates
Mexan Limited has called its annual general meeting for 30 September 2026 in Hong Kong to review audited financial statements for the year ended 31 March 2026, consider the directors’ and independent auditor’s reports, re-elect retiring d...
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.
Date of analysis: Oct 13, 2026