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C Cheng Holdings Ltd. (1486) AI Stock Analysis

HK:1486

C Cheng Holdings Ltd.

(HKEX:1486)

Select Model
Rating:47Neutral
Price Target:HKD 0.37â–¼(-0.27% Downside)
Action:reiterated
Date:10/08/26

Overall score reflects a weak technical setup (broad downtrend and bearish momentum) and only partially improving fundamentals. While the balance sheet and 2025 cash flow trends are supportive, ongoing operating losses and a multi-year revenue decline keep financial performance from scoring higher, and valuation is inconclusive due to a negative P/E and no dividend data.

Positive Factors
Balance Sheet ResilienceImproving debt-to-equity and higher equity provide a more resilient financial base for the apparel business. This supports the company’s ability to manage obligations and retain strategic flexibility over the next several quarters, even while operating performance remains uneven.
Negative Factors
Multi-Year Revenue DeclineA prolonged revenue decline indicates weakening scale and limits the company’s ability to spread costs across its apparel operations. Continued contraction can reduce negotiating strength, constrain reinvestment, and make any improvement in profitability harder to sustain over the next several quarters.

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

-25%0%25%50%75%100%125%HK:1486-10.71%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 168.63M
Dividend Yield
―
Average Volume (3M)
48.57K
Price to Earnings (P/E)
-3.7
Beta (1Y)
0.02
Revenue Growth
-12.98%
EPS Growth
-167.34%
Country
Hong Kong
Employees
480
Sector
Industrials
Sector Strength
63
Industry
Engineering & Construction

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 architectural...

C Cheng Holdings Ltd. Financial Statement Overview

Summary

Financials are mixed: the balance sheet is relatively stable (manageable leverage and higher equity in 2025) and cash generation improved with positive operating cash flow and free cash flow in 2025. However, the multi-year revenue decline and continued negative operating profit/operating margin (including 2025) suggest core operating performance remains weak despite the return to net profitability.

Income Statement

38Negative

Balance Sheet

66Positive

Cash Flow

61Positive
Financial statement breakdown
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-20.07M9.80M2.46M18.59M74.89M
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 SentimentNeutral
Last Price0.38

Price Trends

50DMA0.39Negative
100DMA0.43Negative
200DMA0.56Negative

Market Momentum

MACD-0.00Negative
RSI47.90Neutral
STOCH60.00Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1486, the sentiment is Neutral. The current price of 0.38 is below the 20-day moving average (MA) of 0.38, below the 50-day MA of 0.39, and below the 200-day MA of 0.56, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 47.90 is Neutral, neither overbought nor oversold. The STOCH value of 60.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1486.

C Cheng Holdings Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

HK:1486 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:1416HK:141677OutperformHKD 305.35M2.4722.99%―10.02%63.86%
HK:1420HK:142068NeutralHKD 375.94M1.6226.88%―87.74%208.27%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
HK:0896HK:089647NeutralHKD 316.56M-0.35-31.01%―-22.33%-203.23%
HK:1486HK:148647NeutralHKD 162.15M-3.66-8.58%―-12.98%-167.34%
HK:1447HK:144738UnderperformHKD 224.00M9.526.28%3.57%-5.52%-3.29%
HK:0406HK:040634UnderperformHKD 216.84M-1.07-15.28%―13.50%-106.11%

* Industrials Sector Average

Performance Comparison

0%50%100%HK:1486HK:0896HK:0406HK:1416HK:1420HK:1447Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:1486 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:1486C Cheng Holdings Ltd.0.38-0.04-10.71%
HK:0896Hanison Construction Holdings 0.290.0519.43%
HK:0406Yau Lee Holdings Limited0.49-0.20-29.29%
HK:1416CTR Holdings Limited0.20-0.06-24.23%
HK:1420Chuan Holdings Limited0.280.1055.56%
HK:1447SFK Construction Holdings Ltd.0.560.1021.21%

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 suppl...

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 grou...

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 an...

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: Oct 08, 2026