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MEGAIN Holding (Cayman) Co. Ltd.
(6939)
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Rating:44Neutral
Price Target:
HK$0.98
▲(32.43% Upside)
Action:Reiterated
Date:10/22/26
The score is held down primarily by deteriorated financial performance (large recent loss, margin collapse, and renewed cash burn) and bearish technicals (price below all key moving averages with negative MACD and weak RSI/Stoch). Valuation provides limited offset because the negative P/E reflects losses and dividend yield data is unavailable.
Positive Factors
Low Leverage
Low debt relative to equity gives MEGAIN greater financial flexibility than a heavily leveraged business. This can reduce financing pressure, preserve options for investment or restructuring, and provide a stronger buffer against operating volatility over the next several quarters.
Negative Factors
Profitability Collapse
The sharp deterioration in gross margin and the move into a very large net loss indicate a fundamental breakdown in earnings quality. Deeply negative operating and EBITDA margins reduce self-funding capacity and make a durable recovery dependent on restoring economics, pricing, or cost control.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Low debt relative to equity gives MEGAIN greater financial flexibility than a heavily leveraged business. This can reduce financing pressure, preserve options for investment or restructuring, and provide a stronger buffer against operating volatility over the next several quarters.
Read all positive factors
MEGAIN Holding (Cayman) Co. Ltd. (6939) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$578.93M
Dividend Yield2.94%
Average Volume (3M)230.80K
Price to Earnings (P/E)―
Beta (1Y)0.22
Revenue Growth5.37%
EPS Growth-206.61%
CountryHK
Employees126
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.16
Shares Outstanding622,500,000
10 Day Avg. Volume328,800
30 Day Avg. Volume230,800
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.20
Price to Sales (P/S)2.28
P/FCF Ratio-9.06
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
MEGAIN Holding (Cayman) Co. Ltd. Business Overview & Revenue Model
Company Description
Operating as an investment holding enterprise, MEGAIN Holding (Cayman) Co., Ltd. primarily focuses on the conceptualization, development, and commercialization of compatible cartridge chips, alongside other semiconductor solutions. Its operations ...
MEGAIN Holding (Cayman) Co. Ltd. Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
68
Positive
Cash Flow
30
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 156.36M | 151.32M | 149.65M | 172.39M | 173.37M | 167.87M |
| Gross Profit | 5.34M | 8.49M | 48.25M | 66.98M | 90.63M | 86.70M |
| EBITDA | -62.25M | -47.29M | 1.34M | 33.47M | 60.44M | 44.88M |
| Net Income | -85.45M | -81.52M | 9.66M | 23.21M | 44.89M | 31.26M |
Balance Sheet | ||||||
| Total Assets | 274.10M | 335.05M | 410.19M | 390.21M | 404.27M | 360.16M |
| Cash, Cash Equivalents and Short-Term Investments | 186.39M | 164.67M | 229.19M | 243.83M | 277.13M | 238.35M |
| Total Debt | 9.54M | 22.93M | 10.62M | 1.88M | 3.97M | 9.08M |
| Total Liabilities | 29.58M | 47.99M | 39.40M | 19.99M | 40.48M | 32.98M |
| Stockholders Equity | 243.79M | 286.32M | 370.79M | 370.22M | 363.79M | 327.18M |
Cash Flow | ||||||
| Free Cash Flow | -23.69M | -38.06M | -8.54M | -19.36M | 49.02M | -6.50M |
| Operating Cash Flow | -10.47M | -17.36M | 10.64M | -9.01M | 55.47M | -4.47M |
| Investing Cash Flow | -14.18M | -8.79M | -21.05M | -64.36M | -2.61M | -5.34M |
| Financing Cash Flow | -15.17M | -697.00K | -1.28M | -21.11M | -18.99M | 126.73M |
MEGAIN Holding (Cayman) Co. Ltd. Technical Analysis
Negative
0.74
Price Trends
1.12
Negative
1.42
Negative
1.45
Negative
Market Momentum
-0.07
Positive
33.99
Neutral
18.35
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6939, the sentiment is Negative. The current price of 0.74 is below the 20-day moving average (MA) of 1.08, below the 50-day MA of 1.12, and below the 200-day MA of 1.45, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 33.99 is Neutral, neither overbought nor oversold. The STOCH value of 18.35 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6939.
MEGAIN Holding (Cayman) Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | HK$10.31B | 274.24 | 3.98% | ― | -4.33% | ― | |
44 Neutral | HK$578.93M | -4.80 | -32.24% | 2.94% | 5.37% | -206.61% | |
43 Neutral | HK$1.73B | -24.94 | 88.11% | 2.03% | 3.00% | 6.72% | |
40 Underperform | HK$1.69B | -1.38 | -29.05% | 3.94% | -2.67% | -127.19% | |
40 Underperform | HK$47.48M | -7.04 | -424.45% | 1.02% | -26.68% | -37.04% | |
34 Underperform | HK$355.25M | -15.09 | -17.54% | 3.45% | -4.56% | 14.91% |
* Technology Sector Average
HK:6939
MEGAIN Holding (Cayman) Co. Ltd.
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MEGAIN Holding (Cayman) Co. Ltd. Corporate Events
MEGAIN Holding Wins Independent Shareholder Approval for Key Framework Agreements
Oct 5, 2026
Independent shareholders of MEGAIN Holding (Cayman) Co. Ltd. have approved all ordinary resolutions at an extraordinary general meeting held on 5 October 2026 via an e-voting portal. The poll covered independent shareholders representing about 19....
MEGAIN Holding Calls Online EGM to Approve Key Framework Agreements
Sep 16, 2026
MEGAIN Holding (Cayman) Co. Ltd. has called an extraordinary general meeting for 5 October 2026, to be held via an online eVoting Portal, to seek shareholder approval for its Purchase Framework Agreement and Supply Framework Agreement, including t...
MEGAIN Holding’s Interim Loss Widens Despite Modest Revenue Growth
Aug 26, 2026
MEGAIN Holding reported revenue of RMB73.20 million for the six months ended 30 June 2026, a modest 3.4% increase from a year earlier, but its interim loss widened to RMB41.10 million, up 6.5% from the prior period. Margin pressure from higher cos...
MEGAIN Sets Reciprocal Chip Supply and Purchase Deals With Controlling Shareholder Affiliate
Aug 20, 2026
MEGAIN Holding (Cayman) Co. Ltd. has signed a Purchase Framework Agreement with Pantum Technology under which the group will buy consumable chips and other chips from Pantum Technology Group from October 2026 to the end of 2028, subject to approva...
Megain Holding Sets August Board Meeting to Approve Interim Results and Mull Dividend
Aug 14, 2026
MEGAIN Holding (Cayman) Co. Ltd. has scheduled a board meeting for 26 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The board will also consider the publication of these results, along with the potent...
MEGAIN Holding Overhauls Board Leadership and Committee Line-Up
Aug 13, 2026
MEGAIN Holding (Cayman) Co. Ltd. has announced a broad reshuffle of its board, effective 13 August 2026, including the resignations of non-executive director Lam Tsz Leung and independent non-executive director Kao Yi-Ping, both stepping down to f...
MEGAIN Holding Details Board and Committee Structure
Aug 13, 2026
MEGAIN Holding (Cayman) Co. Ltd. has announced the current composition of its board of directors, naming Wang Dongjie as chairman, Wang Yuanxue as an executive director, and Cheng Hsien-Wei as deputy chairman alongside other non-executive and inde...
Geehy’s Mandatory Offer Closes, Lifts Stake in MEGAIN to Majority Control
Aug 12, 2026
Geehy International Limited and MEGAIN Holding (Cayman) Co. Ltd. announced the close of an unconditional mandatory cash offer on 12 August 2026, without revision or extension. The offer resulted in Geehy and its concert parties holding approximate...
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.