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Tian Chang Group Holdings Ltd.
(2182)
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Rating:54Neutral
Price Target:
HK$0.50
▲(30.26% Upside)
Action:Reiterated
Date:09/12/26
The score is held back primarily by deteriorating operating performance (sharp revenue contraction and recent losses), partially offset by a strong, de-risked balance sheet and improved positive cash generation. Technicals are supportive with price above key moving averages, but overbought momentum indicators increase near-term risk. Valuation is also a drawback due to the negative P/E reflecting current losses.
Positive Factors
Very Low Leverage
Very low leverage and substantial, relatively stable equity provide a meaningful financial cushion despite recent losses. This conservative capital structure reduces balance-sheet pressure, preserves borrowing capacity, and supports resilience through the next several quarters.
Negative Factors
Sharp Revenue Contraction
The steep multi-year revenue decline signals weakening business scale and market traction rather than a temporary fluctuation. A smaller revenue base limits operating leverage, reduces the capacity to absorb fixed costs, and makes a durable return to profitable growth more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
Very low leverage and substantial, relatively stable equity provide a meaningful financial cushion despite recent losses. This conservative capital structure reduces balance-sheet pressure, preserves borrowing capacity, and supports resilience through the next several quarters.
Read all positive factors
Tian Chang Group Holdings Ltd. (2182) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$266.60M
Dividend Yield3.16%
Average Volume (3M)27.07K
Price to Earnings (P/E)―
Beta (1Y)0.11
Revenue Growth-22.56%
EPS Growth-108.96%
CountryHK
Employees770
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)-0.06
Shares Outstanding620,000,000
10 Day Avg. Volume15,200
30 Day Avg. Volume27,066
Financial Highlights & Ratios
PEG Ratio-2.76
Price to Book (P/B)0.31
Price to Sales (P/S)0.45
P/FCF Ratio6.18
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
Tian Chang Group Holdings Ltd. Business Overview & Revenue Model
Company Description
As an investment holding company, Tian Chang Group Holdings Ltd. supplies e-cigarette products and integrated plastic solutions across various international markets, including Hong Kong, mainland China, the United States, the United Kingdom, the N...
Tian Chang Group Holdings Ltd. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
78
Positive
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 438.42M | 518.78M | 539.61M | 697.51M | 1.14B | 1.12B |
| Gross Profit | 85.30M | 108.01M | 110.12M | 135.91M | 260.07M | 253.86M |
| EBITDA | 19.14M | 38.62M | 36.84M | 67.81M | 173.41M | 171.09M |
| Net Income | -36.17M | -14.46M | -13.66M | 23.46M | 105.94M | 96.26M |
Balance Sheet | ||||||
| Total Assets | 913.31M | 873.50M | 924.31M | 974.38M | 1.20B | 1.35B |
| Cash, Cash Equivalents and Short-Term Investments | 126.13M | 132.24M | 129.99M | 132.59M | 135.52M | 114.67M |
| Total Debt | 66.17M | 6.47M | 41.87M | 65.76M | 132.53M | 246.26M |
| Total Liabilities | 165.27M | 119.70M | 179.37M | 191.62M | 422.89M | 592.25M |
| Stockholders Equity | 748.04M | 753.80M | 744.94M | 782.76M | 781.73M | 754.79M |
Cash Flow | ||||||
| Free Cash Flow | -22.46M | 38.15M | 31.15M | 91.05M | 139.33M | 31.79M |
| Operating Cash Flow | 44.43M | 39.45M | 35.61M | 96.26M | 144.08M | 94.28M |
| Investing Cash Flow | -66.28M | -1.30M | 5.84M | -320.00K | -1.29M | -54.10M |
| Financing Cash Flow | 33.50M | -33.87M | -46.37M | -92.78M | -138.83M | -45.15M |
Tian Chang Group Holdings Ltd. Technical Analysis
Positive
0.38
Price Trends
0.37
Positive
0.35
Positive
0.35
Positive
Market Momentum
0.03
Negative
60.77
Neutral
68.69
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2182, the sentiment is Positive. The current price of 0.38 is below the 20-day moving average (MA) of 0.43, above the 50-day MA of 0.37, and above the 200-day MA of 0.35, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 60.77 is Neutral, neither overbought nor oversold. The STOCH value of 68.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2182.
Tian Chang Group Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$1.40B | 3.34 | 4.37% | 6.49% | -11.27% | ― | |
65 Neutral | HK$180.93M | 1.85 | 68.66% | ― | 77.70% | 272.14% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | HK$168.08M | 10.28 | 1.22% | 4.49% | 16.04% | 67.59% | |
54 Neutral | HK$266.60M | -7.38 | -4.82% | 3.16% | -22.56% | -108.96% | |
47 Neutral | HK$92.31M | 3.79 | 10.30% | ― | 24.22% | 64.66% | |
43 Neutral | HK$395.94M | -333.33 | -3.22% | ― | -7.37% | 58.14% |
* Industrials Sector Average
HK:2182
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Tian Chang Group Holdings Ltd. Corporate Events
Tian Chang Group Steps Up Capital Investment With Major Machinery Purchases and Lease Financing
Oct 7, 2026
Tian Chang Group Holdings Ltd. is expanding its manufacturing capacity on the mainland through indirect wholly owned subsidiaries Huizhou Tian Chang and Tian Hao, underscoring the importance of plastic injection molding and related machinery to it...
Tian Chang Group Secures RMB280 Million Loan to Build Magnesium Thixomolding Plant
Oct 2, 2026
Tian Chang Group Holdings Ltd. has secured a term loan facility of up to RMB280 million from Bank of China’s Huizhou Branch to finance the construction and equipment for a new advanced materials and Magnesium Thixomolding manufacturing plant...
Tian Chang Group Expands Magnesium Molding Capacity with HK$54.5 Million Machinery Purchase
Sep 16, 2026
Tian Chang Group Holdings’ Huizhou subsidiary has ordered 10 JSW-brand magnesium injection molding machines for about HK$54.5 million, including tariffs, in a discloseable transaction under Hong Kong listing rules. The new equipment, to be d...
Tian Chang Group Swings to Deeper Interim Loss on Sharp Revenue Decline
Aug 27, 2026
Tian Chang Group Holdings Ltd., a Cayman Islands-incorporated and Hong Kong-listed manufacturing group, derives its income from the sale of goods, with a cost structure reflecting production and distribution operations across its markets. The comp...
Tian Chang Group Sets Advanced Manufacturing Platform Strategy and Expands Into New Smart Equipment Markets
Aug 12, 2026
Tian Chang Group Holdings Ltd. has outlined a strategic shift to position itself as an “Integrated Advanced Manufacturing Platform,” leveraging its established strengths in precision tooling, injection moulding, surface finishing and a...
Tian Chang Group to Build New Magnesium Thixomolding Plant in Major HK-Listed Transaction
Aug 12, 2026
Tian Chang Group Holdings Ltd., incorporated in the Cayman Islands and listed in Hong Kong, operates in manufacturing, with a strategic focus on advanced materials and semi-solid magnesium alloy injection moulding technologies. The group is expand...
Tian Chang Group Sets Board Meeting to Approve Interim Results and Consider Dividend
Aug 11, 2026
Tian Chang Group Holdings Ltd. has scheduled a board meeting for 27 August 2026 to review and approve the interim results for the six months ended 30 June 2026 for the company and its subsidiaries. The board will also consider the potential declar...
Tian Chang Warns of Sharply Wider First-Half Loss Amid Weak Demand
Jul 22, 2026
Tian Chang Group Holdings Ltd., incorporated in the Cayman Islands and listed in Hong Kong, operates an integrated plastic solutions business built around plastic injection moulding. The group aims to enhance its production efficiency and support ...
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.