South Manganese Investment Limited (HK:1091)
:1091
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South Manganese Investment Limited
(1091)
Select Model
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Rating:44Neutral
Price Target:
HK$0.47
▼(-10.38% Downside)
Action:ReiteratedDate:01/30/26
Overall score is driven primarily by weak financial performance (declining revenue, losses, negative operating/free cash flow, and high leverage). Technical indicators also lean bearish (negative MACD and price below key short-term averages), while valuation is constrained by loss-making results and no indicated dividend support.
Positive Factors
Integrated manganese value chain
Operating across mining, upstream resources, processing and distribution provides structural vertical integration that can capture more margin and offer pricing/volume flexibility versus single-node peers. This long-term business model supports resilience through commodity cycles.
Negative Factors
Declining revenue and profitability
A sharp revenue decline and transition to negative net income indicate persistent demand weakness or loss of market share and point to deeper operational or pricing pressures. Over months this undermines reinvestment ability and long-term competitiveness if trends persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated manganese value chain
Operating across mining, upstream resources, processing and distribution provides structural vertical integration that can capture more margin and offer pricing/volume flexibility versus single-node peers. This long-term business model supports resilience through commodity cycles.
Read all positive factors
South Manganese Investment Limited (1091) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.91B
Dividend YieldN/A
Average Volume (3M)16.31M
Price to Earnings (P/E)14.0
Beta (1Y)2.06
Revenue Growth-31.35%
EPS Growth-71.37%
CountryHK
Employees6,029
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding4,936,981,000
10 Day Avg. Volume22,147,815
30 Day Avg. Volume16,310,730
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.54
Price to Sales (P/S)0.10
P/FCF Ratio1.26
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
South Manganese Investment Limited Business Overview & Revenue Model
Company Description
South Manganese Investment Limited (1091) is a company primarily engaged in the mining and production of manganese and related products. Operating in the mining sector, the company focuses on the extraction, processing, and sale of manganese ore, ...
How the Company Makes Money
South Manganese Investment Limited generates revenue primarily through the sale of manganese ore and its derivatives. The company's revenue model is built around the extraction of manganese from its mining operations, which is then processed and s...
South Manganese Investment Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.39B | 13.21B | 17.13B | 16.03B | 12.83B | 4.37B |
| Gross Profit | 677.41M | 406.37M | 934.15M | 1.37B | 2.34B | 576.50M |
| EBITDA | 546.38M | 137.07M | 808.66M | 1.06B | 1.63B | 300.64M |
| Net Income | -389.59M | -725.07M | 64.14M | 336.09M | 454.58M | -437.93M |
Balance Sheet | ||||||
| Total Assets | 8.45B | 8.79B | 11.37B | 11.45B | 10.98B | 9.06B |
| Cash, Cash Equivalents and Short-Term Investments | 724.70M | 402.33M | 1.15B | 1.26B | 1.12B | 1.18B |
| Total Debt | 3.59B | 3.95B | 5.12B | 4.46B | 4.11B | 4.57B |
| Total Liabilities | 6.12B | 6.81B | 8.54B | 8.62B | 7.94B | 6.51B |
| Stockholders Equity | 2.71B | 2.36B | 3.14B | 3.17B | 3.11B | 2.52B |
Cash Flow | ||||||
| Free Cash Flow | 797.75M | 1.01B | -860.95M | -111.77M | 888.67M | 123.61M |
| Operating Cash Flow | 1.33B | 1.60B | -319.82M | 935.91M | 1.60B | 596.78M |
| Investing Cash Flow | -380.20M | -868.55M | -498.82M | -921.12M | -775.17M | -540.39M |
| Financing Cash Flow | -1.28B | -1.29B | 655.09M | 239.90M | -951.00M | -65.41M |
South Manganese Investment Limited Technical Analysis
Neutral
0.52
Price Trends
0.54
Positive
0.52
Positive
0.45
Positive
Market Momentum
0.02
Positive
50.72
Neutral
46.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1091, the sentiment is Neutral. The current price of 0.52 is below the 20-day moving average (MA) of 0.60, below the 50-day MA of 0.54, and above the 200-day MA of 0.45, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 50.72 is Neutral, neither overbought nor oversold. The STOCH value of 46.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1091.
South Manganese Investment Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$30.26B | 2.54 | 23.38% | 1.89% | 60.77% | 100.45% | |
72 Outperform | HK$60.05B | 22.66 | 32.65% | 1.32% | 31.24% | 58.16% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | HK$1.95B | -15.63 | ― | ― | 10.29% | 47.66% | |
44 Neutral | HK$2.91B | 13.96 | -14.35% | ― | -31.35% | -71.37% | |
41 Neutral | HK$742.42M | -17.17 | -7.49% | ― | ― | -164.29% | |
41 Neutral | HK$1.20B | 3.03 | 31.70% | ― | 0.41% | 83.35% |
* Basic Materials Sector Average
HK:1091
South Manganese Investment Limited
0.59
0.33
131.37%
HK:0769
China Rare Earth Holdings
0.70
0.31
81.82%
HK:0159
Brockman Mining Ltd.
0.08
>-0.01
-8.05%
HK:2245
Lygend Resources & Technology Co., Ltd. Class H
19.45
11.10
132.93%
HK:3939
Wanguo International Mining Group Ltd.
13.57
9.87
266.76%
HK:0433
North Mining Shares Co., Ltd.
0.08
0.05
150.00%
South Manganese Investment Limited Corporate Events
South Manganese Investor Exits With Sale of 10.83% Stake
Jan 30, 2026
South Manganese Investment Limited has disclosed that substantial shareholder Mr. Cheung Ming has sold his entire stake of 534,691,800 shares, representing about 10.83% of the company’s issued share capital, at an average price of HK$0.24 pe...
South Manganese Flags Deepening Losses at Zunyi Subsidiary
Jan 28, 2026
The company warned that subsidiary Zunyi Company will post FY2025 losses of roughly HK$105 million–HK$110 million before intercompany eliminations, translating to about HK$50 million–HK$55 million attributable to the parent, as weak re...
South Manganese Flags Rising Costs, Mine Suspension and Losses at Key Units
Jan 27, 2026
South Manganese Investment Limited has responded to recent online reports about its operating conditions by highlighting rising costs for key raw materials used in its electrolytic manganese products and confirming that it has been reviewing and a...
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.