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Yue Kan Holdings Limited
(2110)
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Rating:45Neutral
Price Target:
HK$0.58
▲(475.00% Upside)
Action:Reiterated
Date:09/06/26
The score is driven primarily by weak financial performance: persistent losses, negative gross/operating margins, and negative operating cash flow despite some improvement versus 2025. Technicals add additional pressure, with the price below key moving averages and bearish MACD, though near-oversold RSI/Stoch slightly temper the outlook. Valuation provides limited support because the negative P/E reflects ongoing losses and no dividend yield is available.
Positive Factors
Low leverage / conservative balance sheet
The company’s modest debt-to-equity and low leverage lower solvency risk and give management more runway to restructure operations or fund short-term needs without urgent refinancing. This structural conservatism supports durability through prolonged turnaround periods.
Negative Factors
Sustained losses and negative gross profit
Multi-year negative gross profit and deeply negative margins indicate projects are being executed at a loss, reflecting structural pricing, cost or execution failures. Persistently unprofitable operations erode competitive position and require fundamental business-model or contract-pricing fixes to restore viability.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / conservative balance sheet
The company’s modest debt-to-equity and low leverage lower solvency risk and give management more runway to restructure operations or fund short-term needs without urgent refinancing. This structural conservatism supports durability through prolonged turnaround periods.
Read all positive factors
Yue Kan Holdings Limited (2110) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$25.92M
Dividend Yield8.92%
Average Volume (3M)37.50K
Price to Earnings (P/E)―
Beta (1Y)>-0.01
Revenue Growth-46.35%
EPS Growth50.39%
CountryHK
Employees52
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.58
Shares Outstanding43,200,000
10 Day Avg. Volume17,910
30 Day Avg. Volume37,500
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.76
Price to Sales (P/S)0.29
P/FCF Ratio0.00
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
Yue Kan Holdings Limited Business Overview & Revenue Model
Company Description
Tian Cheng Holdings Limited primarily operates within the marine construction sector, with a core specialization in land reclamation projects. Complementing these activities, the company also offers vessel chartering services and undertakes a vari...
Yue Kan Holdings Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | May 2025 | May 2024 | May 2023 | May 2022 | May 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 108.80M | 202.78M | 223.33M | 198.03M | 212.28M |
| Gross Profit | -3.02M | -13.67M | -31.86M | -62.34M | 30.21M |
| EBITDA | -12.95M | -22.46M | -31.36M | -73.13M | 30.79M |
| Net Income | -16.63M | -34.48M | -44.14M | -87.05M | 16.68M |
Balance Sheet | |||||
| Total Assets | 61.27M | 81.56M | 117.47M | 145.99M | 227.77M |
| Cash, Cash Equivalents and Short-Term Investments | 15.84M | 28.10M | 25.82M | 33.69M | 85.18M |
| Total Debt | 1.38M | 2.56M | 4.95M | 6.84M | 1.01M |
| Total Liabilities | 19.97M | 38.10M | 43.56M | 39.52M | 34.29M |
| Stockholders Equity | 41.30M | 43.46M | 73.90M | 106.47M | 193.48M |
Cash Flow | |||||
| Free Cash Flow | 0.00 | -12.79M | -26.79M | -49.84M | -13.67M |
| Operating Cash Flow | -21.86M | -12.79M | -26.70M | -38.71M | 14.82M |
| Investing Cash Flow | 2.34M | 10.82M | 8.80M | -10.77M | -28.18M |
| Financing Cash Flow | 9.97M | 1.49M | 10.06M | -2.02M | -25.68M |
Yue Kan Holdings Limited Technical Analysis
Negative
0.10
Price Trends
0.77
Negative
0.89
Negative
0.98
Negative
Market Momentum
-0.05
Negative
32.38
Neutral
31.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2110, the sentiment is Negative. The current price of 0.1 is below the 20-day moving average (MA) of 0.64, below the 50-day MA of 0.77, and below the 200-day MA of 0.98, indicating a bearish trend. The MACD of -0.05 indicates Negative momentum. The RSI at 32.38 is Neutral, neither overbought nor oversold. The STOCH value of 31.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2110.
Yue Kan Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$87.00M | 15.82 | 3.14% | 6.37% | 9.25% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
48 Neutral | HK$24.35M | 1.45 | <0.01% | 44.00% | 12.04% | ― | |
47 Neutral | HK$37.42M | 0.03 | -1170.30% | ― | 4538.22% | -104.58% | |
45 Neutral | HK$25.92M | -1.10 | -46.54% | 8.92% | -46.35% | 50.39% | |
42 Neutral | HK$42.47M | -5.05 | -10.85% | 9.62% | -16.94% | 51.24% | |
33 Underperform | HK$110.55M | -5.76 | -26.72% | ― | -36.27% | -4.08% |
* Industrials Sector Average
HK:2110
Yue Kan Holdings Limited
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Yue Kan Holdings Limited Corporate Events
Tian Cheng finalises capital reorganisation and revises share option terms
Sep 2, 2026
Tian Cheng Holdings Limited has confirmed that all conditions for its capital reorganisation have been met, with the new share structure becoming effective on 3 September 2026 and trading in the new shares commencing the same day. New share certif...
Tian Cheng Holdings Narrows Loss Despite 46% Revenue Slide in FY2026
Aug 27, 2026
Tian Cheng Holdings Limited, a Hong Kong-listed marine construction and civil engineering group, reported a sharp contraction in revenue for the year ended 31 May 2026, reflecting weaker performance in its core marine works and vessel chartering b...
Tian Cheng Holdings Updates Auditor Name Following Firm Rebranding
Aug 25, 2026
Tian Cheng Holdings Limited, incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange under stock code 2110, maintains a typical governance structure with both executive and independent non-executive directors, although the an...
Tian Cheng Holdings Shareholders Back Capital Reorganisation Plan
Aug 21, 2026
Shareholders of Tian Cheng Holdings Limited have overwhelmingly approved a capital reorganisation at an extraordinary general meeting held in Hong Kong, with 99.99% of votes cast in favour of the proposal. The reorganisation package includes a sha...
Tian Cheng Board to Review Annual Results and Consider Final Dividend
Aug 11, 2026
Tian Cheng Holdings Limited has scheduled a board meeting for 27 August 2026 to review and approve the audited financial results for the year ended 31 May 2026. The board will also consider the declaration of a final dividend, indicating a potenti...
Tian Cheng Holdings Moves to Restructure Share Capital via EGM
Aug 6, 2026
Tian Cheng Holdings Limited, a Cayman Islands-incorporated issuer listed in Hong Kong, is moving to restructure its share capital through a consolidation, reduction and subdivision of shares. The changes will preserve the overall authorised share ...
Tian Cheng Sets August EGM and Book Closure for Capital Reorganisation
Jul 31, 2026
Tian Cheng Holdings Limited has convened an extraordinary general meeting to be held in Central, Hong Kong on 21 August 2026 at 11:00 a.m., where shareholders will consider a proposed capital reorganisation and a change in board lot size. The comp...
Tian Cheng Plans Capital Reorganisation and Board Lot Change
Jul 27, 2026
Tian Cheng Holdings Limited has proposed a capital reorganisation that includes a 10-to-1 share consolidation, a reduction of the par value of each consolidated share from HK$1.0 to HK$0.1, and a sub-division of authorised but unissued consolidate...
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.