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Kwong Man Kee Group Ltd (8023) AI Stock Analysis

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HK:8023

Kwong Man Kee Group Ltd

(HKEX:8023)

Select Model
Rating:59Neutral
Price Target:HKD 0.39â–²(15.52% Upside)
Action:reiterated
Date:08/12/26

The score is primarily supported by improving profitability and a conservatively levered balance sheet. Offsetting this are the sharp 2026 revenue contraction and inconsistent cash conversion, while technical indicators and valuation appear broadly neutral rather than strongly supportive.

Positive Factors
Conservative leverageLow debt-to-equity, around 0.11 in 2026, alongside equity growth from about 100.6M to 138.0M, gives the company financial flexibility. This reduces solvency pressure and preserves capacity to withstand weaker activity or fund operations without relying heavily on external borrowing.
Negative Factors
Revenue contractionRevenue fell about 24% in 2026 after uneven results in prior years, including declines in 2024 and 2022. This recent contraction weakens visibility on the growth trajectory, can reduce operating leverage, and makes improved margins harder to sustain if demand remains soft.

Kwong Man Kee Group Ltd (8023) vs. iShares MSCI Hong Kong ETF (EWH)

-30%-20%-10%0%10%20%30%40%HK:8023+7.72%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 203.13M
Dividend Yield
2.69%
Average Volume (3M)
224.36K
Price to Earnings (P/E)
14.7
Beta (1Y)
-0.62
Revenue Growth
-0.39%
EPS Growth
68.61%
Country
Hong Kong
Employees
70
Sector
Industrials
Sector Strength
63
Industry
Engineering & Construction

Kwong Man Kee Group Ltd Business Overview & Revenue Model

Company Description

As an investment holding entity, Kwong Man Kee Group Limited specializes in offering engineering solutions for the car park flooring sector across Hong Kong. Its primary services encompass the application of unique floor coating products, creating vi...

Kwong Man Kee Group Ltd Financial Statement Overview

Summary

Profitability is decent with improving net and EBIT margins in 2026, and leverage is low with a steadily growing equity base. However, revenue fell ~24% in 2026 and cash conversion has been volatile (historically weak operating cash flow and uneven free cash flow), which reduces confidence in earnings quality.

Income Statement

62Positive

Balance Sheet

78Positive

Cash Flow

49Neutral
Financial statement breakdown
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue166.28M166.28M166.94M147.56M170.61M118.87M
Gross Profit54.09M51.43M51.72M53.31M53.85M41.78M
EBITDA25.83M25.43M16.40M22.46M27.27M21.97M
Net Income13.82M13.82M8.19M13.86M19.12M15.57M
Balance Sheet
Total Assets195.91M195.91M179.90M181.26M174.30M129.92M
Cash, Cash Equivalents and Short-Term Investments30.35M30.35M33.45M50.55M38.47M34.55M
Total Debt15.54M15.54M9.11M15.53M13.96M9.98M
Total Liabilities54.18M54.18M50.09M54.81M55.62M29.52M
Stockholders Equity138.01M138.01M127.35M125.08M118.25M100.64M
Cash Flow
Free Cash Flow2.65M2.65M294.87K18.71M23.86M16.65M
Operating Cash Flow12.12M12.12M1.18M20.00M24.20M17.57M
Investing Cash Flow-9.46M-9.46M-349.60K-768.00K-6.48M-906.53K
Financing Cash Flow-5.54M-5.54M-13.68M-7.45M-7.22M-1.70M

Kwong Man Kee Group Ltd Technical Analysis

Technical Analysis SentimentPositive
Last Price0.34

Price Trends

50DMA0.34Negative
100DMA0.34Negative
200DMA0.33Positive

Market Momentum

MACD-0.00Positive
RSI48.10Neutral
STOCH51.59Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8023, the sentiment is Positive. The current price of 0.34 is below the 20-day moving average (MA) of 0.35, below the 50-day MA of 0.34, and above the 200-day MA of 0.33, indicating a neutral trend. The MACD of -0.00 indicates Positive momentum. The RSI at 48.10 is Neutral, neither overbought nor oversold. The STOCH value of 51.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:8023.

Kwong Man Kee Group Ltd Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

HK:8023 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:1690HK:169077OutperformHKD 202.33M6.6022.32%21.43%-39.08%1675.00%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
HK:8023HK:802359NeutralHKD 200.14M14.7210.19%2.69%-0.39%68.61%
HK:2221HK:222157NeutralHKD 142.92M-2.18-16.86%―-20.67%37.35%
HK:0385HK:038554NeutralHKD 141.59M-2.36-2.95%4.20%-24.47%-220.53%
HK:8021HK:802152NeutralHKD 86.92M0.3330.66%―24.55%―
HK:6816HK:681643NeutralHKD 161.60M-1.06848.01%―-25.29%7.74%

* Industrials Sector Average

Performance Comparison

-50%0%50%100%150%HK:8023HK:0385HK:2221HK:6816HK:8021HK:1690Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:8023 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:8023Kwong Man Kee Group Ltd0.340.026.01%
HK:0385Chinney Alliance Group Limited0.24-0.13-36.02%
HK:2221New Concepts Holdings Ltd0.61-0.38-38.38%
HK:6816Prosper Construction Holdings Limited0.200.001.00%
HK:8021WLS Holdings Ltd0.12-0.36-74.79%
HK:1690Lap Kei Engineering (Holdings) Limited0.140.08129.51%
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: Aug 11, 2026