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Kin Shing Holdings Ltd.
(1630)
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Rating:39Underperform
Price Target:
HK$0.17
▲(332.50% Upside)
Action:Downgraded
Date:09/23/26
The score is primarily weighed down by weak financial performance (contracting revenue, near-zero gross margins, negative operating margin, and sharply higher leverage) and bearish technicals (price below key moving averages with negative MACD). Valuation further pressures the score due to an extremely high P/E and no dividend yield support, despite a modest recent improvement in profitability and cash flow.
Positive Factors
Infrastructure and public works focus
The company operates in civil engineering and public works, giving it a clearly defined service focus and an established project-delivery model. This specialization can support continuity of operations and relevant execution expertise across infrastructure-related contracts over the medium term.
Negative Factors
Contracting revenue is declining and volatile
Falling revenue after a steep prior-year decline points to weaker project activity or execution volume for this project-driven contractor. Sustained top-line volatility can reduce operating leverage, make resource planning harder, and limit the company’s ability to absorb fixed business costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Infrastructure and public works focus
The company operates in civil engineering and public works, giving it a clearly defined service focus and an established project-delivery model. This specialization can support continuity of operations and relevant execution expertise across infrastructure-related contracts over the medium term.
Read all positive factors
Kin Shing Holdings Ltd. (1630) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$307.50M
Dividend YieldN/A
Average Volume (3M)990.27K
Price to Earnings (P/E)186.4
Beta (1Y)0.56
Revenue Growth-12.60%
EPS GrowthN/A
CountryHK
Employees1,371
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)<0.01
Shares Outstanding1,500,000,000
10 Day Avg. Volume671,000
30 Day Avg. Volume990,266
Financial Highlights & Ratios
PEG Ratio-0.71
Price to Book (P/B)1.34
Price to Sales (P/S)0.20
P/FCF Ratio23.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Kin Shing Holdings Ltd. Business Overview & Revenue Model
Company Description
Kin Shing Holdings Limited, operating through its various subsidiaries, specializes in the installation of formwork systems for construction projects, primarily targeting private residential and commercial developments across Hong Kong. The compan...
Kin Shing Holdings Ltd. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
41
Neutral
Cash Flow
38
Negative
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 768.08M | 878.76M | 1.24B | 474.77M | 600.86M |
| Gross Profit | 4.87M | 311.00K | 31.62M | 15.27M | 8.54M |
| EBITDA | -10.80M | 3.39M | -27.57M | 30.29M | 9.21M |
| Net Income | 1.72M | -9.46M | -43.81M | 11.89M | -12.50M |
Balance Sheet | |||||
| Total Assets | 433.95M | 417.60M | 483.88M | 425.96M | 379.28M |
| Cash, Cash Equivalents and Short-Term Investments | 196.19M | 111.89M | 219.90M | 155.62M | 72.29M |
| Total Debt | 165.40M | 10.35M | 153.34M | 153.66M | 151.81M |
| Total Liabilities | 319.38M | 304.76M | 361.58M | 259.85M | 225.05M |
| Stockholders Equity | 114.56M | 112.84M | 122.30M | 166.11M | 154.22M |
Cash Flow | |||||
| Free Cash Flow | 6.44M | -76.69M | 15.79M | 48.28M | -47.65M |
| Operating Cash Flow | 6.45M | -76.15M | 27.98M | 57.26M | -42.90M |
| Investing Cash Flow | 508.00K | 6.08M | -5.93M | -40.88M | -4.47M |
| Financing Cash Flow | -2.77M | 9.17M | -3.19M | -2.35M | -2.83M |
Kin Shing Holdings Ltd. Technical Analysis
Negative
0.04
Price Trends
0.24
Negative
0.28
Negative
0.23
Negative
Market Momentum
-0.01
Negative
42.52
Neutral
81.20
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1630, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.20, below the 50-day MA of 0.24, and below the 200-day MA of 0.23, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 42.52 is Neutral, neither overbought nor oversold. The STOCH value of 81.20 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1630.
Kin Shing Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | HK$1.73B | 3.76 | 15.72% | 12.19% | -12.79% | -0.62% | |
75 Outperform | HK$364.50M | 3.15 | 13.15% | 24.69% | -31.57% | -12.77% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
48 Neutral | HK$992.50M | -935.84 | -0.44% | 1.67% | 4.76% | -144.68% | |
43 Neutral | HK$316.56M | -0.35 | -31.01% | 7.32% | -22.33% | -203.23% | |
42 Neutral | HK$216.84M | -1.07 | -15.28% | 5.18% | 13.50% | -106.11% | |
39 Underperform | HK$307.50M | 186.36 | 1.51% | ― | -12.60% | ― |
* Industrials Sector Average
HK:1630
Kin Shing Holdings Ltd.
0.21
0.16
365.91%
HK:0240
Build King Holdings
1.39
>-0.01
-0.43%
HK:0896
Hanison Construction Holdings
0.30
0.05
19.43%
HK:0406
Yau Lee Holdings Limited
0.50
-0.20
-29.29%
HK:1556
Chinney Kin Wing Holdings Limited
0.24
-0.07
-23.10%
HK:1903
JBB Builders International Ltd.
1.99
0.20
10.89%
Kin Shing Holdings Ltd. Corporate Events
Kin Shing Wins Unanimous Shareholder Backing at 2026 AGM
Aug 14, 2026
Kin Shing Holdings Ltd., a Cayman‑incorporated company listed on the Hong Kong Stock Exchange, is overseen by a mix of executive and independent non‑executive directors and audited by HLB Hodgson Impey Cheng Limited. The group follows ...
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.