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Kin Shing Holdings Ltd.
(1630)
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Rating:41Neutral
Price Target:
HK$0.23
▲(480.00% Upside)
Action:Upgraded
Date:09/16/26
The score is driven primarily by weak financial performance (contracting revenue, near-zero margins, and higher leverage despite a modest profit and improved cash flow). Technicals are also negative with the stock below key moving averages and a negative MACD, only partially offset by oversold RSI. Valuation further pressures the score due to a very high P/E and no dividend yield data.
Positive Factors
Recent Cash Flow Improvement
Positive operating and free cash flow in 2026 marks a meaningful recovery from the prior year’s substantial cash burn. If maintained, stronger internal cash generation could support project execution and reduce reliance on external funding, although consistency remains important.
Negative Factors
Contracting Revenue Decline
Declining revenue signals weaker project activity or progress for a project-driven contractor and reduces the base over which fixed operating resources can be absorbed. Continued contraction would constrain scale, limit earnings recovery, and increase dependence on securing new work.
Read all positive and negative factors
Positive Factors
Negative Factors
Recent Cash Flow Improvement
Positive operating and free cash flow in 2026 marks a meaningful recovery from the prior year’s substantial cash burn. If maintained, stronger internal cash generation could support project execution and reduce reliance on external funding, although consistency remains important.
Read all positive factors
Kin Shing Holdings Ltd. (1630) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$364.50M
Dividend YieldN/A
Average Volume (3M)1.36M
Price to Earnings (P/E)213.6
Beta (1Y)2.04
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. Volume1,369,800
30 Day Avg. Volume1,356,200
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...
How the Company Makes Money
Kin Shing Holdings Limited primarily makes money by earning contract revenue from providing civil engineering and construction services on a project basis. Revenue is recognized based on the value of work performed under construction contracts, wi...
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
0.30
Negative
0.32
Negative
0.20
Positive
Market Momentum
>-0.01
Positive
28.77
Positive
13.86
Positive
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 0.30, below the 50-day MA of 0.30, and below the 200-day MA of 0.20, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 28.77 is Positive, neither overbought nor oversold. The STOCH value of 13.86 is Positive, 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$1.67B | 3.65 | 15.72% | 12.64% | -12.79% | -0.62% | |
75 Outperform | HK$364.50M | 3.12 | 13.15% | 24.69% | -31.57% | -12.77% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | HK$1.15B | -3,995.67 | -0.11% | 1.67% | -2.02% | -101.97% | |
43 Neutral | HK$273.63M | -0.32 | -31.01% | 7.32% | -22.33% | -203.23% | |
41 Neutral | HK$364.50M | 213.64 | 1.51% | ― | -12.60% | ― | |
38 Underperform | HK$219.03M | -1.09 | -15.28% | 5.18% | 13.50% | -106.11% |
* Industrials Sector Average
HK:1630
Kin Shing Holdings Ltd.
0.24
0.19
389.58%
HK:0240
Build King Holdings
1.35
0.11
8.61%
HK:0896
Hanison Construction Holdings
0.27
0.01
3.92%
HK:0406
Yau Lee Holdings Limited
0.50
-0.24
-32.43%
HK:1556
Chinney Kin Wing Holdings Limited
0.24
-0.07
-23.10%
HK:1903
JBB Builders International Ltd.
2.30
0.82
55.07%
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 ...
Kin Shing Sets HK$0.70–0.75 Million Audit Fee in Auditor Re-Appointment Plan
Jul 17, 2026
Kin Shing Holdings Limited has issued a supplemental announcement to its AGM circular, outlining its plan for the re-appointment of HLB Hodgson Impey Cheng Limited as the company’s auditor, subject to shareholder approval at the 2026 AGM. Th...
Kin Shing Holdings Sets 2026 AGM to Approve Results, Board Mandates and Share Issue Authority
Jul 16, 2026
Kin Shing Holdings has called its 2026 annual general meeting for 14 August 2026 in Hong Kong, where shareholders will review and adopt the audited consolidated financial statements and directors’ and auditors’ reports for the year end...
Kin Shing Holdings Returns to Profit Despite Revenue Decline
Jun 30, 2026
Kin Shing Holdings reported revenue of HK$768.1 million for the year ended 31 March 2026, down from HK$878.8 million a year earlier, but swung from a loss to a profit as gross profit rose to HK$4.9 million and net earnings reached HK$1.7 million. ...
Kin Shing Holdings flags return to profit on lower impairments and higher margins
Jun 25, 2026
Kin Shing Holdings has signalled a return to profitability for the year ended 31 March 2026, expecting a consolidated profit after tax of up to HK$2.0 million versus a loss of about HK$9.5 million a year earlier. The improvement reflects a sharp r...
Kin Shing Sets June Board Meeting to Approve Annual Results and Consider Final Dividend
Jun 22, 2026
Kin Shing Holdings Ltd. has scheduled a board meeting in Hong Kong on 30 June 2026 to review and approve the consolidated annual results for the year ended 31 March 2026. The board will also consider the potential declaration of a final dividend, ...
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.