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Heng Hup Holdings Ltd. (1891) AI Stock Analysis

HK:1891

Heng Hup Holdings Ltd.

(HKEX:1891)

Select Model
Rating:58Neutral
Price Target:HKD 0.18â–²(4.02% Upside)
Action:reiterated
Date:09/26/26

The score is held back primarily by uneven financial performance—thin margins, a 2025 revenue decline, and especially volatile cash flow with a sharp 2025 free-cash-flow drop. These risks are partially offset by constructive technical momentum (price above major moving averages with positive MACD) and a mid-range P/E valuation.

Positive Factors
Improved LeverageLower leverage reduces balance-sheet stress and gives the company greater flexibility to manage operating volatility. The improvement from 2023 indicates progress in financial resilience, while stable equity and continued profitability provide additional support for funding ongoing operations.
Negative Factors
Revenue DeclineThe reversal from a 2024 rebound to an 11.8% revenue decline demonstrates an uneven growth trajectory and exposes the business to volume swings. Persistent sales inconsistency can limit operating leverage, weaken earnings visibility, and make sustained margin improvement more difficult.

Heng Hup Holdings Ltd. (1891) vs. iShares MSCI Hong Kong ETF (EWH)

-10%0%10%20%30%40%50%60%70%HK:1891+32.82%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 174.00M
Dividend Yield
―
Average Volume (3M)
516.00K
Price to Earnings (P/E)
12.5
Beta (1Y)
0.14
Revenue Growth
-4.21%
EPS Growth
-65.74%
Country
Hong Kong
Employees
355
Sector
Industrials
Sector Strength
63
Industry
Manufacturing - Metal Fabrication

Heng Hup Holdings Ltd. Business Overview & Revenue Model

Company Description

Heng Hup Holdings Limited, an investment conglomerate, primarily engages in the trade of ferrous scrap metal, operating both domestically within Malaysia and across international markets. The company procures these metallic discards from diverse supp...

Heng Hup Holdings Ltd. Financial Statement Overview

Summary

Mixed fundamentals: profitability is positive but thin (2025 net margin ~1.0%) and revenue declined in 2025 (-11.8%). Balance sheet leverage is moderate and improved (debt-to-equity ~0.36), but cash generation is the main risk given the sharp 2025 deterioration in operating/free cash flow and a history of volatility.

Income Statement

54Neutral

Balance Sheet

66Positive

Cash Flow

38Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.40B1.46B1.71B1.35B1.40B1.42B
Gross Profit125.66M123.07M125.96M77.08M52.33M77.57M
EBITDA21.85M31.59M48.90M26.54M13.55M42.03M
Net Income7.23M14.58M25.46M8.54M2.38M25.48M
Balance Sheet
Total Assets388.39M385.85M380.35M382.11M278.46M280.02M
Cash, Cash Equivalents and Short-Term Investments48.84M57.16M51.32M24.85M28.22M29.16M
Total Debt95.29M91.13M89.53M107.46M54.19M34.62M
Total Liabilities145.36M140.28M145.69M169.52M74.68M73.25M
Stockholders Equity245.30M252.89M238.44M213.30M204.76M206.84M
Cash Flow
Free Cash Flow2.42M1.53M55.20M-49.87M-10.78M-6.01M
Operating Cash Flow27.14M11.84M67.39M-39.02M6.78M-2.15M
Investing Cash Flow-26.60M-9.87M-13.20M-10.79M-16.79M-2.60M
Financing Cash Flow5.48M2.64M-28.69M44.30M9.06M6.12M

Heng Hup Holdings Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price0.17

Price Trends

50DMA0.19Negative
100DMA0.18Negative
200DMA0.17Positive

Market Momentum

MACD-0.00Positive
RSI36.98Neutral
STOCH72.97Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1891, the sentiment is Negative. The current price of 0.17 is below the 20-day moving average (MA) of 0.20, below the 50-day MA of 0.19, and above the 200-day MA of 0.17, indicating a neutral trend. The MACD of -0.00 indicates Positive momentum. The RSI at 36.98 is Neutral, neither overbought nor oversold. The STOCH value of 72.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1891.

Heng Hup Holdings Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

HK:1891 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:0838HK:083864NeutralHKD 1.12B4.497.26%6.68%-4.88%-0.62%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
HK:1891HK:189158NeutralHKD 174.00M12.492.90%―-4.21%-65.74%
HK:0255HK:025557NeutralHKD 881.27M-29.89-1.92%14.39%-17.65%-538.68%
HK:0929HK:092948NeutralHKD 499.82M43.180.61%5.89%23.21%11.11%
HK:2535HK:253548NeutralHKD 1.16B-182.40-2.37%―-31.18%-121.38%
HK:0822HK:082246NeutralHKD 259.19M-6.07-3.69%―>-0.01%15.55%

* Industrials Sector Average

Performance Comparison

-25%0%25%50%HK:1891HK:0822HK:0838HK:0255HK:0929HK:2535Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:1891 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:1891Heng Hup Holdings Ltd.0.170.0430.83%
HK:0822Ka Shui International Holdings Limited0.29-0.06-17.14%
HK:0838Eva Precision Industrial Holdings Limited0.65-0.50-43.62%
HK:0255Lung Kee (Bermuda) Holdings Limited1.39-0.22-13.88%
HK:0929IPE Group Limited0.47-0.32-39.87%
HK:2535WK Group (Holdings) Limited0.58-0.12-17.14%

Heng Hup Holdings Ltd. Corporate Events

Heng Hup Interim Profit Slumps Despite Firm Gross Margins

Aug 30, 2026

Heng Hup Holdings reported unaudited interim results for the six months ended 30 June 2026, showing revenue of RM658.9 million, down 9.1% year-on-year, while gross profit edged up 3.2% to RM63.7 million as cost of sales fell. Profit attributable to o...

Heng Hup Warns of Sharp First-Half Profit Drop on Rising Malaysia Transport Costs

Aug 20, 2026

Heng Hup Holdings Ltd. has warned that its consolidated profit attributable to shareholders for the first half of 2026 is expected to drop by about 60% to 90% compared with the same period in 2025. The profit decline comes despite a slight increase i...

Heng Hup Sets August Board Meeting to Approve Interim Results and Consider Dividend

Aug 19, 2026

Heng Hup Holdings Ltd. has scheduled a board meeting for 29 August 2026 to review and approve the interim results for the six months ended 30 June 2026 and to authorize their publication. The board will also consider the payment of an interim dividen...

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: Sep 26, 2026