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Man Sang International (0938) AI Stock Analysis
Man Sang International
(HKEX:0938)
The overall score is low, driven primarily by severely distressed financials, including recurring losses, negative equity, and high leverage that significantly elevate solvency risk. Technicals add modest downside pressure as the price trades below all key moving averages with no clear momentum support, while the valuation profile offers limited compensation for these risks given a loss‑making P/E and no dividend yield.
Man Sang International (0938) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 22.65M
- Dividend Yield
- ―
- Average Volume (3M)
- 170.69K
- Price to Earnings (P/E)
- -3.9
- Beta (1Y)
- -1.20
- Revenue Growth
- -32.54%
- EPS Growth
- 87.69%
- Country
- Hong Kong
- Employees
- 194
- Sector
- Real Estate
- Sector Strength
- 65
- Industry
- Real Estate - Development
Man Sang International Business Overview & Revenue Model
Company Description
As an investment holding firm, Man Sang International Limited engages predominantly in real estate activities across the People's Republic of China. Its operations include developing new properties, managing their rentals, and executing sales, notabl...
Man Sang International Financial Statement Overview
Summary
Financial performance is very weak: the company reports persistent large losses, deeply negative margins, shrinking revenues, extremely stressed leverage with negative equity, and only recently improved but still unstable cash generation, indicating a highly fragile and distressed financial position.
Income Statement
12Very NegativeBalance Sheet
5Very NegativeCash Flow
20Very Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 104.91M | 94.56M | 138.05M | 126.71M | 137.14M | 116.66M |
| Gross Profit | 49.10M | 36.58M | 25.48M | 16.61M | 10.44M | -8.39M |
| EBITDA | -15.29M | -14.41M | -359.34M | -66.89M | -75.70M | -68.12M |
| Net Income | 396.83M | -72.90M | -592.21M | -551.83M | -482.92M | -371.74M |
Balance Sheet | ||||||
| Total Assets | 239.11M | 239.11M | 2.03B | 2.26B | 2.82B | 3.35B |
| Cash, Cash Equivalents and Short-Term Investments | 17.01M | 17.01M | 23.42M | 19.04M | 32.87M | 31.77M |
| Total Debt | 753.62M | 753.62M | 3.16B | 2.86B | 2.86B | 2.82B |
| Total Liabilities | 845.52M | 845.52M | 3.52B | 3.18B | 3.21B | 3.16B |
| Stockholders Equity | -603.91M | -603.91M | -1.49B | -927.36M | -396.33M | 191.27M |
Cash Flow | ||||||
| Free Cash Flow | 5.75M | 5.74M | -6.02M | -46.06M | -6.27M | -97.40M |
| Operating Cash Flow | 5.85M | 5.85M | -5.85M | -45.89M | -2.64M | -93.91M |
| Investing Cash Flow | -17.31M | -17.30M | -4.07M | -3.36M | -9.39M | -10.19M |
| Financing Cash Flow | 3.36M | 3.36M | 14.72M | 44.32M | 17.63M | -29.61M |
Man Sang International Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0938, the sentiment is Positive. The current price of 0.41 is above the 20-day moving average (MA) of 0.39, above the 50-day MA of 0.39, and below the 200-day MA of 0.41, indicating a neutral trend. The MACD of 0.00 indicates Negative momentum. The RSI at 55.81 is Neutral, neither overbought nor oversold. The STOCH value of 86.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0938.
Man Sang International Peers Comparison
Overall Rating
HK:215677Outperform
HK:662674Outperform
HK:177861Neutral
HK:331960Neutral- HK:093844Neutral
HK:151642Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:2156 | 77Outperform | HKD 3.48B | 7.47 | 19.11% | 6.07% | 24.03% | 12.10% |
| HK:6626 | 74Outperform | HKD 2.60B | 8.51 | 7.06% | 8.09% | 3.09% | -13.51% |
| Sector * | 65Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
| HK:1778 | 61Neutral | HKD 210.11M | 7.05 | 0.58% | ― | 6.05% | 37.17% |
| HK:3319 | 60Neutral | HKD 2.67B | 31.91 | 0.70% | 7.27% | -2.93% | ― |
| HK:0938 | 44Neutral | HKD 262.12M | -3.86 | -66.66% | ― | -32.54% | 87.69% |
| HK:1516 | 42Neutral | HKD 1.97B | 8.29 | 3.95% | 1.67% | -4.46% | 50.30% |
* Real Estate Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:0938 | Man Sang International | 0.41 | -0.13 | -23.58% | |
| HK:1778 | Colour Life Services Group Co | 0.11 | -0.07 | -37.22% | |
| HK:3319 | A-Living Smart City Services Co., Ltd. Class H | 1.88 | -0.47 | -20.07% | |
| HK:6626 | Yuexiu Services Group Ltd. | 1.73 | -0.64 | -26.85% | |
| HK:1516 | Sunac Services Holdings Ltd. | 0.66 | -0.87 | -56.92% | |
| HK:2156 | C&D Property Management Group Co., Ltd. | 2.47 | -0.25 | -9.29% |
Man Sang International Corporate Events
Man Sang International Wins Unanimous Shareholder Backing at 2026 AGM
Man Sang International Limited reported that shareholders at its annual general meeting on 11 September 2026 approved all resolutions by poll with unanimous support. The meeting covered routine governance matters, including receipt of the annual fina...
Man Sang International Names New CFO and Company Secretary in Leadership Transition
Man Sang International has announced that Chief Financial Officer and Company Secretary Mr. Wong Chun Kit will step down from all his roles, including authorised representative, effective 13 September 2026, and will no longer hold any position within...
Man Sang International Says Action Against Controlling Shareholder Not Expected to Hit Operations
Man Sang International Limited has issued a supplemental announcement addressing regulatory measures imposed on its controlling shareholder, Mr. Hu Xingrong, and their potential impact on the group. The company stresses that daily operations are cond...
Man Sang International Calls 2026 AGM, Seeks Fresh Share Issuance Mandate
Man Sang International Limited, a Bermuda-incorporated company listed in Hong Kong, follows standard listed-company governance with a board of directors and independent auditor overseeing its consolidated financial reporting. Its shares carry a nomin...
Man Sang International Adds Controlling Shareholder’s Son to Board
Man Sang International has appointed Hu Yiming as an executive director and member of both its nomination and remuneration committees, effective 3 August 2026. The move adds a new board member with experience in new energy and aviation sectors at Doo...
Man Sang International outlines board structure and governance committees
Man Sang International Limited has announced the current composition of its board of directors, comprising two executive directors and three independent non-executive directors. This structure underscores the company’s emphasis on board indepen...
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: Aug 03, 2026