Man Shun Group (Holdings) Ltd. (1746) AI Stock Analysis

• Market Cap: HK$500.00M
• Dividend Yield: N/A
• Average Volume (3M): 1.30M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.22
• Revenue Growth: -30.56%
• EPS Growth: -160.00%
• Country: HK
• Employees: 71
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): >-0.01
• Shares Outstanding: 1,000,000,000
• 10 Day Avg. Volume: 2,077,200
• 30 Day Avg. Volume: 1,303,892
• PEG Ratio: 0.03
• Price to Book (P/B): 1.66
• Price to Sales (P/S): 1.53
• P/FCF Ratio: -520.36
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: HK$0.37 ▲(31.43% Upside)
• Action: Reiterated Date: 02/03/26
• Date: Action: Reiterated 02/03/26

The score is held down primarily by deteriorating financial performance, including losses and zero operating cash flow in 2024, despite a low-leverage balance sheet. Technicals are comparatively stronger with the price trending above moving averages and positive momentum, but valuation remains pressured due to negative earnings (negative P/E) and no stated dividend yield.

Positive Factors

Low leverage / strong equity base

A very high equity ratio and near-zero debt provide structural financial resilience. Low leverage reduces insolvency risk and preserves capacity to absorb project delays or cost overruns, supporting long-term contract bidding and operational continuity in a cyclical construction market.

Negative Factors

Sharp revenue decline

A ~30% year-over-year revenue drop signals weakening demand or lost project share, eroding scale benefits and negotiating leverage with suppliers and contractors. Persisting top-line contraction jeopardizes capacity utilization and long-term profitability unless backlog or new wins rebound materially.

Man Shun Group (Holdings) Ltd. Business Overview & Revenue Model

Company Description

Man Shun Group (Holdings) Limited, an investment holding company, installs heating, ventilation, and air-conditioning (HVAC) systems in Hong Kong. Its services include HVAC electrical and mechanical engineering. The company primarily serves reside...

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Man Shun Group (Holdings) Limited, an investment holding company, installs heating, ventilation, and air-conditioning (HVAC) systems in Hong Kong. Its services include HVAC electrical and mechanical engineering. The company primarily serves reside...

How the Company Makes Money

Man Shun Group generates revenue primarily through the sale of construction materials, including concrete and aggregates, to contractors and construction firms. The company benefits from its established relationships with key players in the constr...

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Man Shun Group generates revenue primarily through the sale of construction materials, including concrete and aggregates, to contractors and construction firms. The company benefits from its established relationships with key players in the constr...

Man Shun Group (Holdings) Ltd. Financial Statement Overview

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	105.89M	131.26M	152.95M	125.09M	121.67M	127.59M
Gross Profit	16.45M	13.38M	19.21M	18.71M	20.96M	10.27M
EBITDA	-11.54M	-14.22M	2.89M	2.35M	-293.00K	-6.70M
Net Income	-6.47M	-6.86M	680.00K	238.00K	-2.23M	-8.46M
Balance Sheet
Total Assets	132.90M	136.50M	172.71M	164.37M	171.50M	168.38M
Cash, Cash Equivalents and Short-Term Investments	80.47M	66.81M	88.37M	68.99M	90.05M	96.86M
Total Debt	818.00K	854.00K	1.51M	1.29M	2.01M	3.10M
Total Liabilities	13.38M	15.53M	20.89M	13.22M	20.59M	15.25M
Stockholders Equity	119.52M	120.97M	151.83M	151.15M	150.91M	153.13M
Cash Flow
Free Cash Flow	22.71M	-386.00K	21.42M	-19.72M	-4.95M	-1.25M
Operating Cash Flow	22.72M	193.00K	19.16M	-19.17M	-4.87M	-870.00K
Investing Cash Flow	-11.00K	1.94M	6.13M	35.40M	19.92M	-55.38M
Financing Cash Flow	-25.49M	-25.48M	-1.51M	-1.90M	-1.87M	-1.62M

Man Shun Group (Holdings) Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.28
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1746, the sentiment is Positive. The current price of 0.28 is below the 20-day moving average (MA) of 0.47, below the 50-day MA of 0.40, and below the 200-day MA of 0.35, indicating a bullish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 59.14 is Neutral, neither overbought nor oversold. The STOCH value of 50.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1746.

Man Shun Group (Holdings) Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8188	87 Outperform	HK$518.41M	3.81	35.33%	8.65%	-6.68%	-25.58%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
6063	59 Neutral	HK$830.00M	72.59	1.90%	―	-6.17%	-42.86%
0406	46 Neutral	HK$341.68M	2.01	-6.00%	7.35%	24.69%	-257.79%
1746	46 Neutral	HK$500.00M	-113.41	-5.38%	―	-30.56%	-160.00%
8305	46 Neutral	HK$244.92M	-20.22	-33.12%	―	-0.84%	72.06%

Man Shun Group (Holdings) Ltd. Corporate Events