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Man King Holdings Limited (2193) AI Stock Analysis
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Man King Holdings Limited
(HKEX:2193)
The score is held back primarily by uneven financial performance: despite a 2026 rebound in net income and a strong free-cash-flow recovery, underlying operating profitability remains weak and results have been volatile. Technicals are supportive with a positive trend and MACD, but momentum looks stretched (high RSI/Stoch). Valuation appears mid-range (P/E 20) with no dividend yield provided.
Man King Holdings Limited (2193) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 159.45M
- Dividend Yield
- ―
- Average Volume (3M)
- 104.54K
- Price to Earnings (P/E)
- 20.0
- Beta (1Y)
- 0.42
- Revenue Growth
- 11.22%
- EPS Growth
- ―
- Country
- Hong Kong
- Employees
- 138
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Engineering & Construction
Man King Holdings Limited Business Overview & Revenue Model
Company Description
Man King Holdings Limited, an investment holding entity, specializes in offering construction and civil engineering services within Hong Kong to both public and private sectors. Its project portfolio is extensive, covering areas such as road and brid...
How the Company Makes Money
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Man King Holdings Limited Financial Statement Overview
Summary
Mixed fundamentals: revenue rebounded in 2026 and the company returned to positive net income, while operating and free cash flow also improved sharply. However, profitability quality remains weak with very thin gross margin and still-negative operating profit, alongside notable earnings and cash-flow volatility across 2024–2026.
Income Statement
44NeutralBalance Sheet
74PositiveCash Flow
63Positive| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 373.36M | 373.36M | 335.70M | 338.49M | 452.78M | 408.20M |
| Gross Profit | 5.52M | 5.52M | -11.26M | -26.64M | 69.62M | 51.41M |
| EBITDA | -10.34M | -12.64M | -10.84M | -14.47M | 46.49M | 34.54M |
| Net Income | 7.97M | 7.97M | -21.13M | -22.74M | 42.13M | 36.92M |
Balance Sheet | ||||||
| Total Assets | 379.23M | 379.23M | 371.34M | 412.77M | 461.53M | 415.89M |
| Cash, Cash Equivalents and Short-Term Investments | 243.84M | 243.84M | 186.26M | 180.83M | 239.92M | 158.43M |
| Total Debt | 7.80M | 7.80M | 12.24M | 10.48M | 16.29M | 19.79M |
| Total Liabilities | 119.60M | 119.60M | 120.10M | 140.34M | 150.69M | 136.76M |
| Stockholders Equity | 259.63M | 259.63M | 251.24M | 272.43M | 310.84M | 279.12M |
Cash Flow | ||||||
| Free Cash Flow | 62.27M | 62.27M | -30.54M | -58.18M | 104.61M | 52.66M |
| Operating Cash Flow | 62.37M | 62.37M | -30.29M | -52.21M | 108.07M | 66.50M |
| Investing Cash Flow | -28.95M | -28.95M | 21.99M | -6.63M | -4.59M | -11.62M |
| Financing Cash Flow | -5.37M | -5.37M | -1.94M | -22.63M | -21.42M | -13.92M |
Man King Holdings Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2193, the sentiment is Neutral. The current price of 0.38 is below the 20-day moving average (MA) of 0.40, below the 50-day MA of 0.40, and above the 200-day MA of 0.34, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 41.95 is Neutral, neither overbought nor oversold. The STOCH value of 42.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2193.
Man King Holdings Limited Peers Comparison
Overall Rating
HK:024084Outperform
HK:155675Outperform
HK:162771Outperform- HK:219358Neutral
HK:226248.1Neutral
HK:190348Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:0240 | 84Outperform | HKD 1.73B | 3.76 | 15.72% | 12.19% | -12.79% | -0.62% |
| HK:1556 | 75Outperform | HKD 364.50M | 3.15 | 13.15% | 24.69% | -31.57% | -12.77% |
| 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:2193 | 58Neutral | HKD 159.45M | 20.00 | 3.07% | ― | 11.22% | ― |
| HK:2262 | 48Neutral | HKD 370.96M | 31.25 | 3.68% | ― | 4.28% | 25.30% |
| HK:1903 | 48Neutral | HKD 992.50M | -935.39 | -0.44% | ― | 4.76% | -144.68% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:2193 | Man King Holdings Limited | 0.38 | 0.17 | 77.57% | |
| HK:0240 | Build King Holdings | 1.39 | -0.01 | -0.43% | |
| 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:1903 | JBB Builders International Ltd. | 1.99 | 0.20 | 10.89% | |
| HK:2262 | Steve Leung Design Group Limited | 0.33 | -0.78 | -70.45% |
Man King Holdings Limited Corporate Events
Man King Holdings Sets 2026 AGM, Seeks Renewal of Share Issuance Mandate
Man King Holdings Limited has called its annual general meeting for 28 August 2026 in Hong Kong, where shareholders will review the audited consolidated accounts and board and auditor reports for the year ended 31 March 2026. The agenda also covers r...
Man King Holdings Swings Back to Profit on Higher Revenue and Associate Gains
Man King Holdings Limited reported revenue of HK$373.4 million for the year ended 31 March 2026, up from HK$335.7 million a year earlier, with a sharp turnaround from a loss to a profit attributable to shareholders of HK$8.4 million. Basic earnings p...
Man King Holdings Sets June Board Meeting to Approve Annual Results and Consider Dividend
Man King Holdings Limited has scheduled a board meeting in Hong Kong on 26 June 2026 to review and approve the annual results for the year ended 31 March 2026. The board will also consider the publication of these results and the potential declaratio...
Man King Holdings Flags Profit Turnaround on Stronger Project Margins
Man King Holdings Limited has issued a positive profit alert, indicating it expects to swing to a net profit of between HK$6.0 million and HK$9.6 million for the year ended 31 March 2026, compared with a net loss of about HK$21.1 million a year earli...
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: Aug 06, 2026