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C Cheng Holdings Ltd. (HK:1486)
:1486
Hong Kong Market
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C Cheng Holdings Ltd. (1486) AI Stock Analysis

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HK:1486

C Cheng Holdings Ltd.

(1486)

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Neutral 47 (OpenAI - Gpt-5.6Sol)
Rating:47Neutral
Price Target:
HK$0.42
▼(-34.53% Downside)
Action:Reiterated
Date:07/08/26
The score is held back primarily by weak technicals (price below all key moving averages and bearish momentum). Financial performance is improving but still uneven, with a return to net profit and better cash flow offset by multi-year revenue decline and ongoing operating losses. Low P/E provides some valuation support but is not enough to overcome the trend and operating concerns.
Positive Factors
Return to Net Profitability
The return to net profit indicates some recovery in the business after several loss-making years. If maintained, it could strengthen retained equity and provide a foundation for rebuilding profitability, although core operating performance remains unproven.
Negative Factors
Multi-Year Revenue Decline
Sustained revenue contraction points to weak demand, customer concentration, or competitive pressure within the apparel supply chain. Without renewed sales growth, scale benefits may remain limited and the company will have less opportunity to absorb fixed operating costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Return to Net Profitability
The return to net profit indicates some recovery in the business after several loss-making years. If maintained, it could strengthen retained equity and provide a foundation for rebuilding profitability, although core operating performance remains unproven.
Read all positive factors

C Cheng Holdings Ltd. (1486) vs. iShares MSCI Hong Kong ETF (EWH)

C Cheng Holdings Ltd. Business Overview & Revenue Model

Company Description
C Cheng Holdings Limited, an investment holding company, provides architectural services in Mainland China, Hong Kong, the Middle East and North Africa, Macau, and internationally. The company's services include architectural, landscape architectu...

C Cheng Holdings Ltd. Financial Statement Overview

Summary
Financials are mixed. 2025 returned to net profitability and cash generation improved with positive operating and free cash flow, while leverage appears manageable with improving debt-to-equity. Offsetting this, revenue has trended down materially over multiple years and operating profit/margin remain negative (including 2025), suggesting weak underlying operating momentum and a still-unproven turnaround.
Income Statement
38
Negative
Balance Sheet
66
Positive
Cash Flow
61
Positive
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue327.98M364.53M401.30M454.25M533.76M861.99M
Gross Profit46.67M59.64M62.24M58.54M71.42M162.73M
EBITDA-28.98M-20.07M-6.52M2.46M18.59M74.89M
Net Income-37.60M26.43M-14.85M-21.24M-18.80M-1.14M
Balance Sheet
Total Assets643.15M675.75M619.88M683.20M834.20M903.52M
Cash, Cash Equivalents and Short-Term Investments122.29M123.45M82.58M97.11M172.84M215.33M
Total Debt100.29M98.14M97.53M118.84M147.27M183.75M
Total Liabilities204.33M229.15M220.82M265.20M328.58M381.47M
Stockholders Equity434.10M441.98M396.41M415.77M438.18M468.91M
Cash Flow
Free Cash Flow23.60M32.90M13.73M-19.46M-10.74M-22.75M
Operating Cash Flow25.38M34.41M16.59M-15.16M148.00K-4.20M
Investing Cash Flow21.15M25.57M13.46M-87.33M-7.08M-5.57M
Financing Cash Flow-11.73M-4.34M-21.16M-10.78M-21.34M-24.54M

C Cheng Holdings Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.64
Price Trends
50DMA
0.40
Negative
100DMA
0.54
Negative
200DMA
0.59
Negative
Market Momentum
MACD
-0.01
Negative
RSI
28.02
Positive
STOCH
81.48
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1486, the sentiment is Negative. The current price of 0.64 is above the 20-day moving average (MA) of 0.40, above the 50-day MA of 0.40, and above the 200-day MA of 0.59, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 28.02 is Positive, neither overbought nor oversold. The STOCH value of 81.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1486.

C Cheng Holdings Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
HK$362.52M1.5526.88%80.36%208.27%
72
Outperform
HK$268.80M3.0720.15%31.00%92.26%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
53
Neutral
HK$212.00M9.016.28%3.77%-5.52%-3.29%
47
Neutral
HK$168.63M-3.85-8.58%2.36%-12.98%-167.34%
43
Neutral
HK$279.00M-0.31-31.01%7.32%-22.33%-203.23%
38
Underperform
HK$219.03M-1.09-15.28%5.18%13.50%-106.11%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1486
C Cheng Holdings Ltd.
0.39
0.07
21.88%
HK:0896
Hanison Construction Holdings
0.26
0.00
0.00%
HK:0406
Yau Lee Holdings Limited
0.50
-0.25
-33.33%
HK:1416
CTR Holdings Limited
0.19
0.07
53.60%
HK:1420
Chuan Holdings Limited
0.27
0.10
62.65%
HK:1447
SFK Construction Holdings Ltd.
0.53
0.03
6.00%

C Cheng Holdings Ltd. Corporate Events

C Cheng Holdings Swings to Interim Loss as Contracts and Revenue Decline
Aug 25, 2026
C Cheng Holdings reported a sharp deterioration in interim performance for the six months to 30 June 2026, as new contracts and remaining contract sums both declined, pointing to weaker order intake and a shrinking backlog. Total new signed and su...
C Cheng Warns of Interim Loss Despite Stable Liquidity
Aug 14, 2026
C Cheng Holdings Ltd., listed in Hong Kong under stock code 1486, operates through subsidiaries in the professional services sector and maintains a stable liquidity profile, with cash and bank balances broadly unchanged from the end of 2025. The g...
C Cheng Holdings Schedules Board Meeting to Review Interim Results and Dividend
Aug 5, 2026
C Cheng Holdings Limited has announced that its board will convene on 25 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026. The meeting will also consider the potential declaration and payment of...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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: Jul 08, 2026