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Man Shun Group (Holdings) Ltd. (HK:1746)
:1746
Hong Kong Market

Man Shun Group (Holdings) Ltd. (1746) AI Stock Analysis

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HK

Man Shun Group (Holdings) Ltd.

(1746)

Rating:58Neutral
Price Target:
The overall stock score reflects significant financial challenges, including declining profitability and cash flow issues. Despite these concerns, the stock's recent positive technical trends provide some optimism. However, the poor valuation metrics highlight the underlying risks.

Man Shun Group (Holdings) Ltd. (1746) vs. iShares MSCI Hong Kong ETF (EWH)

Man Shun Group (Holdings) Ltd. Business Overview & Revenue Model

Company DescriptionMan Shun Group (Holdings) Ltd. (1746) is a company primarily engaged in the provision of electrical and mechanical engineering services. The company offers a range of services including the design, installation, and maintenance of electrical systems, air-conditioning systems, fire services systems, and other mechanical systems. It serves various sectors, including commercial, industrial, and residential sectors, and is known for its expertise in handling large-scale projects with complex engineering requirements.
How the Company Makes MoneyThe company generates revenue through its comprehensive suite of engineering services, which include the design, installation, and maintenance of electrical and mechanical systems. Man Shun Group (Holdings) Ltd. secures contracts for projects in commercial, industrial, and residential buildings, which constitute its primary revenue streams. The company bids for these projects through a competitive tendering process and is often awarded contracts based on its expertise, quality of service, and cost-effectiveness. Additionally, the company may form strategic partnerships with construction firms and developers to collaborate on large-scale projects, further enhancing its revenue potential. Regular maintenance contracts also provide a steady stream of income, as they ensure ongoing service provision and customer retention.

Man Shun Group (Holdings) Ltd. Financial Statement Overview

Summary
Income Statement
Balance Sheet
Cash Flow
Breakdown
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Income StatementTotal Revenue
152.95M125.09M121.67M127.59M114.49M
Gross Profit
18.31M18.71M20.96M10.27M23.63M
EBIT
-9.25M-5.85M-4.14M-15.34M60.00K
EBITDA
2.89M2.35M-293.00K-6.70M1.07M
Net Income Common Stockholders
680.00K238.00K-2.23M-8.46M1.01M
Balance SheetCash, Cash Equivalents and Short-Term Investments
88.37M68.43M90.05M96.86M101.09M
Total Assets
172.71M164.37M171.50M168.38M186.53M
Total Debt
1.51M1.29M2.01M3.10M3.38M
Net Debt
-86.86M-67.14M-53.05M-38.77M-97.71M
Total Liabilities
20.89M13.22M20.59M15.25M24.93M
Stockholders Equity
151.83M151.15M150.91M153.13M161.60M
Cash FlowFree Cash Flow
21.42M-19.72M-4.95M-1.25M-7.50M
Operating Cash Flow
21.61M-19.17M-4.87M-870.00K-7.44M
Investing Cash Flow
3.69M34.82M19.92M-55.38M-58.00K
Financing Cash Flow
-1.51M-1.90M-1.87M-1.62M-1.15M

Man Shun Group (Holdings) Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.46
Price Trends
50DMA
0.55
Negative
100DMA
0.44
Negative
200DMA
0.33
Positive
Market Momentum
MACD
-0.03
Positive
RSI
35.09
Neutral
STOCH
12.91
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1746, the sentiment is Negative. The current price of 0.46 is below the 20-day moving average (MA) of 0.50, below the 50-day MA of 0.55, and above the 200-day MA of 0.33, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 35.09 is Neutral, neither overbought nor oversold. The STOCH value of 12.91 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1746.

Man Shun Group (Holdings) Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
€8.13B9.37
5.05%-3.06%-24.51%
71
Outperform
HK$6.91B11.6636.29%7.19%25.93%8.97%
67
Neutral
HK$151.48M3.275.67%7.12%7.06%-11.84%
64
Neutral
$4.39B11.815.17%249.38%3.98%-12.17%
58
Neutral
HK$415.00M-5.03%-14.18%-1085.71%
45
Neutral
€10.24B-26.60%-46.56%-1256.77%
44
Neutral
HK$68.22M-61.77%29.04%-393.69%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1746
Man Shun Group (Holdings) Ltd.
0.46
0.35
318.18%
HK:3316
Binjiang Service Group Co. Ltd.
25.25
8.35
49.41%
HK:1901
Feiyang International Holdings Group Limited
0.08
-0.06
-42.86%
HK:1273
Hong Kong Finance Group Ltd.
0.36
0.06
20.00%
HK:3868
Xinyi Energy Holdings Limited
0.97
-0.12
-11.25%
HK:1196
Realord Group Holdings Limited
7.08
1.73
32.34%

Man Shun Group (Holdings) Ltd. Corporate Events

Man Shun Group Updates on Potential Change of Control
Apr 29, 2025

Man Shun Group (Holdings) Limited has announced an update regarding a potential transaction that could lead to a change in control of the company. The potential purchaser is currently conducting due diligence, and discussions are ongoing regarding the major terms of a formal agreement. However, no agreement has been reached yet, and there is no assurance that the transaction will proceed. The company will continue to provide monthly updates on the progress of this potential transaction.

Man Shun Group Announces 2025 AGM and Key Resolutions
Apr 24, 2025

Man Shun Group (Holdings) Ltd. has announced its upcoming Annual General Meeting (AGM) scheduled for June 5, 2025, where shareholders will review the company’s financial statements for the year ending December 31, 2024. Key resolutions include the re-election of independent non-executive directors, the re-appointment of auditors, and authorizing the board to manage share allocations, which may impact the company’s market operations and shareholder value.

Man Shun Group Proposes Key Amendments to Articles of Association
Apr 2, 2025

Man Shun Group (Holdings) Limited has announced proposed amendments to its Articles of Association to align with the latest regulatory requirements and provide flexibility in holding general meetings. These changes, subject to shareholder approval, aim to enhance operational efficiency and compliance with the Hong Kong Stock Exchange’s listing rules.

Man Shun Group Reports Revenue Decline and Loss for 2024
Mar 30, 2025

Man Shun Group (Holdings) Ltd. reported a decline in revenue to approximately HK$131.3 million for the year ending December 31, 2024, compared to HK$153 million in 2023. The company experienced a loss attributable to equity shareholders of about HK$6.9 million, a significant drop from a profit of HK$680,000 the previous year. Consequently, the board has decided not to recommend a final dividend for 2024.

Man Shun Group Provides Update on Potential Transaction
Mar 28, 2025

Man Shun Group (Holdings) Limited has announced a monthly update regarding a potential transaction that could result in a change of control of the company. The potential purchaser is currently conducting due diligence, and discussions are ongoing, but no commitments have been made. The company will continue to provide monthly updates in compliance with the Takeovers Code until a firm decision is reached. Stakeholders are advised to exercise caution as there is no guarantee the transaction will proceed.

Man Shun Group Issues Profit Warning Amid Market Challenges
Mar 11, 2025

Man Shun Group (Holdings) Limited has issued a profit warning, indicating an expected consolidated net loss of approximately HK$7 million for the year ended December 31, 2024. The loss is attributed to increased costs of raw materials and labor, delays in project commencements, and a weak Hong Kong property market. Additionally, the company is involved in a potential transaction that may lead to a change in control, though there is no assurance that this will materialize.

Man Shun Group Announces Potential Change in Control
Feb 28, 2025

Man Shun Group (Holdings) Limited has announced a potential transaction that could lead to a change in control of the company. The potential purchaser is conducting due diligence, but no agreement has been reached yet. The company will continue to provide monthly updates on the progress of the transaction, as per the Takeovers Code, until a firm decision is made.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.