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South Manganese Investment Limited (1091) AI Stock Analysis
South Manganese Investment Limited
(HKEX:1091)
The overall score is held down primarily by weak financial performance: sharp revenue declines, thin margins, and still‑elevated leverage despite recent stabilization and improving cash flow. Technicals offer only a modest positive, as short‑term strength is counterbalanced by overbought momentum readings and high volatility, limiting near‑term risk‑adjusted appeal. The main support for the stock is its low P/E valuation, which suggests the market already discounts much of the operational and cyclical risk but does not yet justify a high-quality rating.
South Manganese Investment Limited (1091) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 2.28B
- Dividend Yield
- ―
- Average Volume (3M)
- 4.68M
- Price to Earnings (P/E)
- 5.3
- Beta (1Y)
- 1.51
- Revenue Growth
- -32.45%
- EPS Growth
- ―
- Country
- Hong Kong
- Employees
- 5,354
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Industrial Materials
South Manganese Investment Limited Business Overview & Revenue Model
Company Description
South Manganese Investment Limited, an investment holding company, engages in the manganese mining, ore processing, and downstream processing operations in Mainland China, rest of Asia, Europe, and North America. It operates through four segments: Ma...
South Manganese Investment Limited Financial Statement Overview
Summary
Financial performance is weak overall: revenue has fallen steeply from 16B in 2022 to 6.4B in 2025, margins are thin, and leverage remains high despite recent improvements in net profit margin, debt-to-equity, and cash generation. The recovery in EBITDA margin and positive free cash flow are strengths, but they only partially offset the multi‑year revenue contraction and cyclical risk.
Income Statement
42NeutralBalance Sheet
38NegativeCash Flow
55Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.02B | 6.37B | 13.21B | 17.13B | 16.03B | 12.83B |
| Gross Profit | 1.30B | 1.07B | 406.37M | 934.15M | 1.37B | 2.34B |
| EBITDA | 1.10B | 821.18M | 153.87M | 806.25M | 1.06B | 1.62B |
| Net Income | 353.48M | 167.06M | -725.07M | 64.14M | 336.09M | 454.58M |
Balance Sheet | ||||||
| Total Assets | 9.95B | 9.10B | 8.79B | 11.37B | 11.45B | 10.98B |
| Cash, Cash Equivalents and Short-Term Investments | 1.48B | 1.70B | 402.33M | 1.15B | 1.26B | 1.12B |
| Total Debt | 3.24B | 3.65B | 3.95B | 5.12B | 4.46B | 4.11B |
| Total Liabilities | 6.96B | 6.60B | 6.81B | 8.54B | 8.62B | 7.94B |
| Stockholders Equity | 3.35B | 2.92B | 2.36B | 3.14B | 3.17B | 3.11B |
Cash Flow | ||||||
| Free Cash Flow | 788.08M | 946.34M | 1.01B | -860.95M | -111.77M | 888.67M |
| Operating Cash Flow | 1.20B | 1.35B | 1.60B | -319.82M | 935.91M | 1.60B |
| Investing Cash Flow | -398.50M | -284.95M | -868.55M | -498.82M | -921.12M | -775.17M |
| Financing Cash Flow | -492.02M | -92.00M | -1.29B | 655.09M | 239.90M | -951.00M |
South Manganese Investment Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1091, the sentiment is Negative. The current price of 0.38 is below the 20-day moving average (MA) of 0.47, below the 50-day MA of 0.44, and below the 200-day MA of 0.49, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 29.89 is Positive, neither overbought nor oversold. The STOCH value of 3.36 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1091.
South Manganese Investment Limited Peers Comparison
Overall Rating
HK:393985Outperform
HK:385872Outperform
HK:399366.4Neutral
HK:120554Neutral- HK:109153Neutral
HK:076944Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:3939 | 85Outperform | HKD 49.74B | 26.21 | 34.35% | 1.56% | 79.09% | 83.65% |
| HK:3858 | 72Outperform | HKD 16.47B | 8.75 | 77.75% | 5.19% | 2781.50% | ― |
| HK:3993 | 66Neutral | HKD 329.39B | 9.45 | 32.65% | 3.55% | 38.53% | 62.42% |
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| HK:1205 | 54Neutral | HKD 3.46B | 12.02 | 3.35% | 5.91% | -28.69% | -17.80% |
| HK:1091 | 53Neutral | HKD 2.28B | 5.31 | 11.28% | ― | -32.45% | ― |
| HK:0769 | 44Neutral | HKD 1.95B | -15.63 | -5.27% | ― | ― | ― |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:1091 | South Manganese Investment Limited | 0.38 | -0.04 | -9.52% | |
| HK:3993 | CMOC Group | 12.28 | -2.80 | -18.57% | |
| HK:0769 | China Rare Earth Holdings | 0.70 | 0.00 | 0.00% | |
| HK:1205 | CITIC Resources Holdings | 0.47 | 0.11 | 32.48% | |
| HK:3939 | Wanguo International Mining Group Ltd. | 11.03 | 3.86 | 53.77% | |
| HK:3858 | Jiaxin International Resources Investment Limited | 36.04 | 1.34 | 3.85% |
South Manganese Investment Limited Corporate Events
South Manganese details full use of 2025 placing proceeds for debt repayment
South Manganese Investment Limited has provided supplemental disclosure on how it used the net proceeds from two share placings conducted in 2025, clarifying the allocation and full utilisation of these funds. The board stated that the additional inf...
South Manganese Raises HK$303 Million Through Share Placing to New Substantial Shareholder
South Manganese Investment Limited has completed a placing of 987,396,192 new shares under its general mandate, all subscribed by Hanbo Global Inc. at HK$0.314 per share. The new shares represent about 16.67% of the enlarged share capital, making Han...
South Manganese Posts Strong Interim Profit Growth but Keeps Dividend on Hold
South Manganese Investment Limited reported strong interim results for the six months ended 30 June 2026, with revenue rising 22.3% year-on-year to HK$3,562.2 million and gross profit jumping 42.5% to HK$788.2 million. Gross margin improved to 22.1%,...
South Manganese Plans Discounted Share Placing to Raise HK$310 Million
South Manganese Investment Limited has launched a share placing under its general mandate, agreeing with a placing agent to place up to 987,396,192 new shares to independent investors at HK$0.314 per share. The new shares represent 20% of the existin...
South Manganese Flags Sharp Profit Jump on Strong Manganese Prices
South Manganese Investment Limited has scheduled a board meeting in Hong Kong on 28 August 2026 to approve its interim results for the six months ended 30 June 2026 and to consider an interim dividend. The company will release its detailed interim fi...
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: Sep 29, 2026