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Man Shun Group (Holdings) Ltd. (1746) AI Stock Analysis
Man Shun Group (Holdings) Ltd.
(HKEX:1746)
The score is held back primarily by weak financial performance (contracting revenue and ongoing net losses), despite a strong low-debt balance sheet and improved 2025 cash flow. Technicals add moderate support as the stock trades above key moving averages with balanced momentum, while valuation remains a clear negative due to the negative P/E and no provided dividend yield.
Man Shun Group (Holdings) Ltd. (1746) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 490.00M
- Dividend Yield
- ―
- Average Volume (3M)
- 585.87K
- Price to Earnings (P/E)
- -213.0
- Beta (1Y)
- 0.59
- Revenue Growth
- 9.03%
- EPS Growth
- 64.62%
- Country
- Hong Kong
- Employees
- 55
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Engineering & Construction
Man Shun Group (Holdings) Ltd. Business Overview & Revenue Model
Company Description
Man Shun Group (Holdings) Limited functions as an investment holding entity primarily dedicated to deploying heating, ventilation, and air-conditioning (HVAC) systems across Hong Kong. Its capabilities encompass comprehensive HVAC electrical and mech...
Man Shun Group (Holdings) Ltd. Financial Statement Overview
Summary
Overall fundamentals are mixed: the balance sheet is strong with very low leverage (Balance Sheet Score 78), and 2025 cash generation improved (Cash Flow Score 62). However, operating performance is the main drag—revenue has declined for two consecutive years and profitability remains negative (Income Statement Score 34), limiting the overall financial performance score.
Income Statement
34NegativeBalance Sheet
78PositiveCash Flow
62Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 115.45M | 97.62M | 131.26M | 152.95M | 125.09M | 121.67M |
| Gross Profit | 14.38M | 16.39M | 13.38M | 19.21M | 18.71M | 20.96M |
| EBITDA | -4.46M | -714.00K | -5.07M | 2.89M | 2.35M | -293.00K |
| Net Income | -2.29M | -2.51M | -6.86M | 680.00K | 238.00K | -2.23M |
Balance Sheet | ||||||
| Total Assets | 141.30M | 139.70M | 136.50M | 172.71M | 164.37M | 171.50M |
| Cash, Cash Equivalents and Short-Term Investments | 71.30M | 85.00M | 66.81M | 88.37M | 68.99M | 90.05M |
| Total Debt | 445.00K | 1.17M | 854.00K | 1.51M | 1.29M | 2.01M |
| Total Liabilities | 24.07M | 21.24M | 15.53M | 20.89M | 13.22M | 20.59M |
| Stockholders Equity | 117.23M | 118.45M | 120.97M | 151.83M | 151.15M | 150.91M |
Cash Flow | ||||||
| Free Cash Flow | -6.83M | 20.25M | -386.00K | 21.42M | -19.72M | -4.95M |
| Operating Cash Flow | -6.36M | 20.36M | 193.00K | 19.16M | -19.17M | -4.87M |
| Investing Cash Flow | -468.00K | 1.10M | 1.94M | 6.13M | 35.40M | 19.92M |
| Financing Cash Flow | -1.41M | -1.49M | -25.48M | -1.51M | -1.90M | -1.87M |
Man Shun Group (Holdings) Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1746, the sentiment is Neutral. The current price of 0.49 is below the 20-day moving average (MA) of 0.51, below the 50-day MA of 0.50, and above the 200-day MA of 0.45, indicating a neutral trend. The MACD of 0.00 indicates Positive momentum. The RSI at 45.17 is Neutral, neither overbought nor oversold. The STOCH value of 63.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1746.
Man Shun Group (Holdings) Ltd. Peers Comparison
Overall Rating
HK:155675Outperform
HK:068771Outperform
HK:162771Outperform- HK:174655Neutral
HK:190348Neutral
HK:172637Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:1556 | 75Outperform | HKD 364.50M | 3.15 | 13.15% | 24.69% | -31.57% | -12.77% |
| HK:0687 | 71Outperform | HKD 1.08B | 23.19 | 4.18% | 18.75% | -18.58% | -27.75% |
| HK:1627 | 71Outperform | HKD 730.00M | 2.54 | 15.75% | 8.22% | 15.16% | 25.81% |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| HK:1746 | 55Neutral | HKD 490.00M | -213.04 | -1.95% | ― | 9.03% | 64.62% |
| HK:1903 | 48Neutral | HKD 992.50M | -935.39 | -0.44% | ― | 4.76% | -144.68% |
| HK:1726 | 37Underperform | HKD 248.90M | -3.20 | -110.87% | ― | -11.41% | 9.14% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:1746 | Man Shun Group (Holdings) Ltd. | 0.49 | 0.20 | 66.10% | |
| HK:1556 | Chinney Kin Wing Holdings Limited | 0.24 | -0.07 | -23.10% | |
| HK:1627 | Able Engineering Holdings Ltd. | 0.36 | -0.32 | -46.79% | |
| HK:1726 | HKE Holdings Limited | 0.22 | -1.17 | -84.32% | |
| HK:1903 | JBB Builders International Ltd. | 1.99 | 0.20 | 10.89% | |
| HK:0687 | Tysan Holdings Limited | 0.32 | 0.05 | 17.65% |
Man Shun Group (Holdings) Ltd. Corporate Events
Man Shun Group Issues Update on Potential Change of Control Deal
Man Shun Group (Holdings) Ltd., incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange, is overseen by a board comprising two executive directors and three independent non-executive directors. The directors emphasize their join...
Man Shun Group Updates Market on Potential Change-of-Control Deal
Man Shun Group (Holdings) Ltd. has issued a monthly update under Hong Kong’s Takeovers Code, outlining the status of a possible change of control transaction involving the sale of shares held by existing vendors to a potential purchaser. The tr...
Man Shun Group Narrows Interim Loss Despite Surging Revenue
Man Shun Group (Holdings) Limited reported a sharp increase in revenue to HK$61.85 million for the six months ended 30 June 2026, up from HK$44.02 million a year earlier. Despite this top-line growth, gross profit slipped and the group remained loss-...
Man Shun Group Sets August Board Meeting for Interim Results and Dividend Decision
Man Shun Group (Holdings) Ltd., a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange under stock code 1746, has a board led by chairman and executive director Cheung Yuen Tung and fellow executive director Cheung Yuen Chau, su...
Man Shun Group Maintains Talks on Potential Change of Control
Man Shun Group (Holdings) Limited has disclosed that a potential change of control remains under discussion, as vendors continue negotiating a possible sale of their indirectly held shares to a potential purchaser. The prospective buyer is currently...
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 14, 2026