Man Shing Global Holdings Limited (8309) AI Stock Analysis

Man Shing Global Holdings Limited

(HKEX:8309)

Select Model

Rating:41Neutral

Price Target:HKD 0.07▼(-5.71% Downside)

Action:reiterated

Date:10/16/26

The score is primarily constrained by sharply declining revenue, recent operating losses, and negative cash flow. Lower debt provides some balance-sheet protection, but weak valuation and below-trend technical performance keep the overall score low.

Positive Factors

Debt reductionThe substantial reduction in debt materially lowers financial leverage and interest-related pressure compared with prior years. This gives the company a more stable capital structure and greater flexibility to manage operating volatility, although future improvement still depends on restoring profitability and cash generation.

Negative Factors

Revenue contractionThe sharp, sustained fall in revenue reduces operating scale and makes fixed costs harder to absorb. Continued contraction can weaken customer and market reach, constrain reinvestment, and make a durable recovery more difficult unless the company rebuilds demand or replaces lost business.

Man Shing Global Holdings Limited (8309) vs. iShares MSCI Hong Kong ETF (EWH)

Market Cap: HKD 39.60M
Dividend Yield: ―
Average Volume (3M): 306.92K
Price to Earnings (P/E): -3.9
Beta (1Y): 0.62
Revenue Growth: -32.81%
EPS Growth: -45.83%
Country: Hong Kong
Employees: 3,838
Sector: Industrials
Sector Strength: 63
Industry: Waste Management

Man Shing Global Holdings Limited Business Overview & Revenue Model

Company Description

Man Shing Global Holdings Limited functions as an investment holding company, specializing in a broad spectrum of environmental cleaning and property management services throughout Hong Kong. The company's diverse offerings include maintaining urban...

Man Shing Global Holdings Limited Financial Statement Overview

Summary

Recent revenue deterioration, operating and net losses, and negative operating and free cash flow weigh heavily on performance. The substantially reduced debt and solid equity base provide some financial support.

Income Statement

32Negative

Balance Sheet

61Positive

Cash Flow

28Negative

Financial statement breakdown
Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	414.29M	454.91M	677.10M	1.02B	997.03M	663.96M
Gross Profit	45.82M	41.41M	60.61M	87.70M	95.38M	60.61M
EBITDA	14.11M	2.10M	18.80M	35.64M	54.29M	20.89M
Net Income	-12.96M	-10.52M	-7.23M	16.10M	28.26M	2.25M
Balance Sheet
Total Assets	199.00M	199.00M	213.56M	345.51M	330.05M	298.47M
Cash, Cash Equivalents and Short-Term Investments	67.38M	72.66M	75.94M	73.19M	70.98M	73.58M
Total Debt	7.38M	7.38M	13.91M	38.38M	68.16M	116.16M
Total Liabilities	77.61M	77.61M	81.56M	206.37M	83.98M	203.71M
Stockholders Equity	121.38M	121.38M	131.98M	139.13M	123.02M	94.76M
Cash Flow
Free Cash Flow	-60.77M	-15.13M	-42.11M	51.47M	56.12M	-6.06M
Operating Cash Flow	-97.31M	-10.41M	-31.30M	57.54M	71.31M	-3.35M
Investing Cash Flow	36.49M	-3.86M	62.19M	-25.11M	-9.42M	-31.81M
Financing Cash Flow	-52.70M	-13.08M	-28.15M	-30.21M	-63.13M	38.19M

Man Shing Global Holdings Limited Technical Analysis

Technical Analysis SentimentNeutral

Last Price0.07

Price Trends

50DMA0.07Negative

100DMA0.07Negative

200DMA0.07Positive

Market Momentum

MACD-0.00Negative

RSI49.67Neutral

STOCH70.00Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8309, the sentiment is Neutral. The current price of 0.07 is above the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.07, and above the 200-day MA of 0.07, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 49.67 is Neutral, neither overbought nor oversold. The STOCH value of 70.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:8309.

Man Shing Global Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

HK:8309 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HK:1395	72Outperform	HKD 169.42M	10.55	5.74%	―	-8.44%	31.82%
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
HK:0436	51Neutral	HKD 154.82M	-15.00	-1.20%	3.14%	4.66%	36.36%
HK:8320	50Neutral	HKD 52.16M	31.48	2.52%	―	4.37%	―
HK:0646	48Neutral	HKD 85.67M	-1.69	7.33%	―	5.20%	9.11%
HK:8309	41Neutral	HKD 41.40M	-3.94	-8.28%	―	-32.81%	-45.83%
HK:0923	37Underperform	HKD 62.70M	-0.37	-128.44%	―	-9.12%	65.45%

* Industrials Sector Average

Performance Comparison

HK:8309 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:8309	Man Shing Global Holdings Limited	0.07	0.01	13.11%
HK:1395	ELL Environmental Holdings Limited	0.15	0.00	0.66%
HK:0923	Integrated Waste Solutions Group Holdings Limited	0.01	-0.01	-45.83%
HK:0436	New Universe Environmental Group Limited	0.05	-0.03	-37.80%
HK:0646	China Environmental Technology Holdings Limited	0.25	0.08	44.51%
HK:8320	Allied Sustainability and Environmental Consultants Group Limited	0.07	-0.03	-28.00%

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: Oct 16, 2026

Man Shing Global Holdings Limited AI Stock Analysis