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Kwong Man Kee Group Ltd
(8023)
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Rating:59Neutral
Price Target:
HK$0.39
▲(38.21% 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 leverage
Low 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 contraction
Revenue 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
Low 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.
Read all positive factors
Kwong Man Kee Group Ltd (8023) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$203.13M
Dividend Yield2.65%
Average Volume (3M)241.60K
Price to Earnings (P/E)14.7
Beta (1Y)-0.57
Revenue Growth-0.39%
EPS Growth68.61%
CountryHK
Employees70
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.02
Shares Outstanding597,444,000
10 Day Avg. Volume156,000
30 Day Avg. Volume241,600
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)1.28
Price to Sales (P/S)1.06
P/FCF Ratio66.51
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
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...
Kwong Man Kee Group Ltd Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
49
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 166.28M | 166.94M | 147.56M | 170.61M | 110.42M |
| Gross Profit | 51.43M | 51.72M | 53.31M | 53.85M | 35.74M |
| EBITDA | 25.43M | 16.40M | 22.46M | 27.27M | 12.06M |
| Net Income | 13.82M | 8.19M | 13.86M | 19.12M | 7.46M |
Balance Sheet | |||||
| Total Assets | 195.91M | 179.90M | 181.26M | 174.30M | 149.80M |
| Cash, Cash Equivalents and Short-Term Investments | 30.35M | 33.45M | 50.55M | 38.47M | 23.87M |
| Total Debt | 15.54M | 9.11M | 15.53M | 13.96M | 15.94M |
| Total Liabilities | 54.18M | 50.09M | 54.81M | 55.62M | 47.99M |
| Stockholders Equity | 138.01M | 127.35M | 125.08M | 118.25M | 102.10M |
Cash Flow | |||||
| Free Cash Flow | 2.65M | 294.87K | 18.71M | 23.86M | -4.15M |
| Operating Cash Flow | 12.12M | 1.18M | 20.00M | 24.20M | 148.11K |
| Investing Cash Flow | -9.46M | -349.60K | -768.00K | -6.48M | -9.71M |
| Financing Cash Flow | -5.54M | -13.68M | -7.45M | -7.22M | -1.09M |
Kwong Man Kee Group Ltd Technical Analysis
Neutral
0.28
Price Trends
0.34
Negative
0.34
Positive
0.32
Positive
Market Momentum
<0.01
Positive
45.52
Neutral
31.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8023, the sentiment is Neutral. The current price of 0.28 is below the 20-day moving average (MA) of 0.35, below the 50-day MA of 0.34, and below the 200-day MA of 0.32, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.52 is Neutral, neither overbought nor oversold. The STOCH value of 31.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:8023.
Kwong Man Kee Group Ltd Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | HK$198.00M | 6.51 | 22.32% | 21.74% | -39.08% | 1675.00% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | HK$203.13M | 14.72 | 10.19% | 2.65% | -0.39% | 68.61% | |
57 Neutral | HK$152.30M | -2.14 | -16.86% | 2.66% | -20.67% | 37.35% | |
52 Neutral | HK$142.78M | -2.38 | -2.95% | 4.17% | -24.47% | -220.53% | |
51 Neutral | HK$139.36M | 0.43 | 30.66% | ― | 24.55% | ― | |
46 Neutral | HK$162.40M | -1.07 | 848.01% | 1.96% | -25.29% | 7.74% |
* Industrials Sector Average
HK:8023
Kwong Man Kee Group Ltd
0.34
0.07
27.34%
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0.24
-0.15
-37.82%
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0.60
-0.54
-47.37%
HK:6816
Prosper Construction Holdings Limited
0.20
-0.02
-7.31%
HK:8021
WLS Holdings Ltd
0.16
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-73.68%
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Lap Kei Engineering (Holdings) Limited
0.14
0.08
155.56%
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.