Mexan Limited (HK:0022)
:0022
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Mexan
(0022)
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Rating:60Neutral
Price Target:
HK$0.26
▲(23.33% Upside)
Action:ReiteratedDate:03/24/26
Overall score reflects a balance of improved technical momentum and better recent cash-flow generation against a weak and volatile operating picture. The largest drag is financial performance, driven by the sharp 2025 revenue decline and continued heavy losses, partially offset by a stable balance sheet and positive cash flow. Valuation screens low on P/E, but this is tempered by the lack of sustained profitability.
Positive Factors
Balance-sheet stability
Moderate leverage and a decline in debt by 2025 provide financial flexibility for a property owner. A substantial equity base versus assets supports borrowing capacity for maintenance or selective acquisitions and reduces short-term default risk, aiding long-term operational stability in real estate.
Negative Factors
Revenue volatility
A 75% revenue drop in a single year signals material exposure to tenant concentration, asset sales or demand shocks, undermining predictability of rental income. Such volatility weakens planning, increases refinancing and liquidity risk, and raises the likelihood of recurring earnings shocks absent structural fixes.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet stability
Moderate leverage and a decline in debt by 2025 provide financial flexibility for a property owner. A substantial equity base versus assets supports borrowing capacity for maintenance or selective acquisitions and reduces short-term default risk, aiding long-term operational stability in real estate.
Read all positive factors
Mexan (0022) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$481.77M
Dividend YieldN/A
Average Volume (3M)6.04M
Price to Earnings (P/E)0.2
Beta (1Y)1.22
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees127
SectorBasic Materials
Sector Strength58
IndustryTravel Lodging
Share Statistics
EPS (TTM)0.19
Shares Outstanding1,966,387,800
10 Day Avg. Volume14,366,788
30 Day Avg. Volume6,038,187
Financial Highlights & Ratios
PEG Ratio-0.15
Price to Book (P/B)0.77
Price to Sales (P/S)7.22
P/FCF Ratio9.45
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
Mexan Business Overview & Revenue Model
Company Description
Mexan Limited, an investment holding company, engages in the hotel operation. The company operates with Winland 800 Hotel, which consists of 800 rooms in Tsing Yi, New Territories. It also engages in the property holding, and self-laundry activiti...
Mexan Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
63
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.08M | 37.59M | 176.94M | 126.36M | 27.52M | 24.49M |
| Gross Profit | 8.09M | 6.93M | 69.00M | 44.32M | 8.66M | 11.09M |
| EBITDA | 3.87M | -12.17M | 13.48M | -2.91M | -23.39M | -23.59M |
| Net Income | 381.75M | -32.02M | -20.16M | -23.77M | -44.41M | -43.26M |
Balance Sheet | ||||||
| Total Assets | 303.98M | 546.92M | 555.23M | 602.36M | 536.21M | 557.98M |
| Cash, Cash Equivalents and Short-Term Investments | 229.91M | 40.30M | 46.95M | 50.21M | 21.38M | 26.76M |
| Total Debt | 272.00K | 87.70M | 121.46M | 119.14M | 81.74M | 61.68M |
| Total Liabilities | 48.34M | 199.05M | 176.41M | 203.15M | 113.07M | 90.23M |
| Stockholders Equity | 259.26M | 351.41M | 382.16M | 402.32M | 426.08M | 470.49M |
Cash Flow | ||||||
| Free Cash Flow | 2.61M | 28.71M | 16.21M | -26.61M | -25.43M | -12.18M |
| Operating Cash Flow | 2.61M | 29.18M | 18.23M | -22.15M | -16.46M | -11.44M |
| Investing Cash Flow | 747.98M | 518.00K | -1.78M | -6.24M | -8.97M | -737.00K |
| Financing Cash Flow | -560.99M | -36.90M | -24.01M | 57.23M | 20.06M | 31.17M |
Mexan Technical Analysis
Positive
0.21
Price Trends
0.21
Positive
0.18
Positive
0.17
Positive
Market Momentum
0.02
Positive
51.26
Neutral
26.47
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0022, the sentiment is Positive. The current price of 0.21 is below the 20-day moving average (MA) of 0.23, below the 50-day MA of 0.21, and above the 200-day MA of 0.17, indicating a bullish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 51.26 is Neutral, neither overbought nor oversold. The STOCH value of 26.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0022.
Mexan Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$1.99B | 31.69 | 0.50% | 3.37% | -22.04% | -90.42% | |
66 Neutral | HK$2.01B | 8.75 | 2.64% | 1.95% | -7.90% | 58.19% | |
62 Neutral | HK$782.46M | 2.80 | 5.42% | 4.67% | -3.51% | -31.41% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | HK$481.77M | 0.17 | ― | ― | ― | ― | |
55 Neutral | HK$15.90B | 19.30 | 2.12% | 3.05% | -0.04% | -15.56% | |
40 Neutral | HK$467.37M | -0.21 | -29.62% | ― | -0.60% | 34.74% |
* Basic Materials Sector Average
HK:0022
Mexan
0.25
0.21
690.32%
HK:0184
Keck Seng Investments (Hong Kong)
2.30
0.16
7.58%
HK:1270
Langham Hospitality Investments
0.56
0.14
33.33%
HK:0069
Shangri-La Asia
4.45
0.43
10.72%
HK:1221
Sino Hotels (Holdings) Ltd.
1.69
0.33
24.72%
HK:0078
Regal Hotels International Holdings Limited
0.52
-0.36
-40.91%
Mexan Corporate Events
Mexan’s Controlling Shareholder Moves to Place Entire Stake in Major Ownership Shake-Up
Apr 2, 2026
Mexan Limited’s controlling shareholder, Winland Wealth (BVI) Limited, which is indirectly wholly owned by chairman and executive director Lun Yiu Kay Edwin, has entered into a placing agreement with Advent Securities (Hong Kong) Limited. Th...
Mexan sets new board and committee structure effective March 27, 2026
Mar 27, 2026
Mexan Limited has refreshed its board composition effective 27 March 2026, confirming three executive directors led by chairman Lun Yiu Kay Edwin and four independent non-executive directors. The mix of executives and independents is designed to b...
Mexan Overhauls Board With Executive Departure and New Appointments
Mar 20, 2026
Mexan Limited has announced a board reshuffle, with executive director Chan Tat Ming stepping down from the board and the executive committee effective 20 March 2026 to focus on other business commitments. The board said Chan has no disagreement w...
Mexan Overhauls Board and Committee Roles to Strengthen Governance
Mar 20, 2026
Mexan Limited has refreshed its board composition effective 20 March 2026, confirming a slate of executive and independent non-executive directors led by chairman Lun Yiu Kay Edwin. The updated structure underscores a clear separation between mana...
Mexan Flags Share Price Surge as Controlling Shareholder Reviews Stake
Jan 5, 2026
Mexan Limited has issued a clarification after noting recent sharp increases in its share price and heightened press coverage related to the stake held by its controlling shareholder. Following internal enquiries, the company said it has been info...
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.