Want to see HK:1746 full AI Analyst Report?
Top Page
Man Shun Group (Holdings) Ltd.
(1746)
Select Model
Select Model
Rating:55Neutral
Price Target:
HK$0.52
▲(86.79% Upside)
Action:Reiterated
Date:07/14/26
The score is held back primarily by weak financial performance (recent revenue contraction and ongoing net losses), partially offset by a very low-leverage balance sheet and improved 2025 cash flow. Technicals are moderately supportive because the price is above major moving averages, but momentum signals are mixed. Valuation is constrained by losses (negative P/E) and no indicated dividend yield.
Positive Factors
Conservative balance sheet (very low leverage)
Extremely low debt-to-equity reduces financial distress risk and preserves optionality to bid for public projects or absorb timing gaps in milestone payments. A conservative capital structure supports resilience across project cycles and lowers refinancing and interest-rate sensitivity over months.
Negative Factors
Recent and material revenue contraction
Sustained revenue declines indicate weaker project cadence or loss of tender share, eroding scale advantages and making it harder to cover fixed site and administrative costs. Reduced contract flows constrain backlog replenishment and hinder predictable earnings over coming quarters if the trend persists.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet (very low leverage)
Extremely low debt-to-equity reduces financial distress risk and preserves optionality to bid for public projects or absorb timing gaps in milestone payments. A conservative capital structure supports resilience across project cycles and lowers refinancing and interest-rate sensitivity over months.
Read all positive factors
Man Shun Group (Holdings) Ltd. (1746) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$500.00M
Dividend YieldN/A
Average Volume (3M)1.30M
Price to Earnings (P/E)―
Beta (1Y)0.26
Revenue Growth-25.63%
EPS Growth63.77%
CountryHK
Employees59
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,000,000,000
10 Day Avg. Volume2,077,200
30 Day Avg. Volume1,303,892
Financial Highlights & Ratios
PEG Ratio1.79
Price to Book (P/B)2.41
Price to Sales (P/S)2.92
P/FCF Ratio14.07
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
Man Shun Group (Holdings) Ltd. Business Overview & Revenue Model
Company Description
Man Shun Group (Holdings) Limited functions as an investment holding entity primarily dedicated to deploying heating, ventilation, and air-conditioning (HVAC) systems across Hong Kong. Its capabilities encompass comprehensive HVAC electrical and m...
How the Company Makes Money
Man Shun Group primarily makes money by providing construction services under contract on a project-by-project basis. Its core revenue stream comes from contract revenue recognized over the course of civil engineering and related construction proj...
Man Shun Group (Holdings) Ltd. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
78
Positive
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 97.62M | 131.26M | 152.95M | 125.09M | 121.67M |
| Gross Profit | 16.39M | 13.38M | 19.21M | 18.71M | 20.96M |
| EBITDA | -714.00K | -6.16M | 2.89M | 2.35M | -293.00K |
| Net Income | -2.51M | -6.86M | 680.00K | 238.00K | -2.23M |
Balance Sheet | |||||
| Total Assets | 139.70M | 136.50M | 172.71M | 164.37M | 171.50M |
| Cash, Cash Equivalents and Short-Term Investments | 85.00M | 66.81M | 88.37M | 68.99M | 90.05M |
| Total Debt | 1.17M | 854.00K | 1.51M | 1.29M | 2.01M |
| Total Liabilities | 21.24M | 15.53M | 20.89M | 13.22M | 20.59M |
| Stockholders Equity | 118.45M | 120.97M | 151.83M | 151.15M | 150.91M |
Cash Flow | |||||
| Free Cash Flow | 20.25M | -386.00K | 21.42M | -19.72M | -4.95M |
| Operating Cash Flow | 20.36M | 193.00K | 19.16M | -19.17M | -4.87M |
| Investing Cash Flow | 1.10M | 1.94M | 6.13M | 35.40M | 19.92M |
| Financing Cash Flow | -1.49M | -25.48M | -1.51M | -1.90M | -1.87M |
Man Shun Group (Holdings) Ltd. Technical Analysis
Positive
0.28
Price Trends
0.45
Positive
0.45
Positive
0.38
Positive
Market Momentum
<0.01
Negative
58.46
Neutral
21.39
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 0.44, below the 50-day MA of 0.45, and below the 200-day MA of 0.38, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.46 is Neutral, neither overbought nor oversold. The STOCH value of 21.39 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$405.00M | 3.04 | 15.79% | 5.71% | -8.56% | 4.84% | |
73 Outperform | HK$1.01B | 16.48 | 5.24% | 13.24% | -13.83% | 50.41% | |
71 Outperform | HK$990.00M | 3.44 | 13.68% | 9.09% | 15.16% | 25.81% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
55 Neutral | HK$500.00M | -200.00 | -2.11% | ― | -25.63% | 63.77% | |
51 Neutral | HK$1.31B | -4,561.42 | -0.11% | ― | -2.02% | -101.97% | |
42 Neutral | HK$1.05B | -15.31 | -101.13% | ― | 12.98% | 19.18% |
* Industrials Sector Average
HK:1746
Man Shun Group (Holdings) Ltd.
0.50
0.13
33.33%
HK:1556
Chinney Kin Wing Holdings Limited
0.27
-0.05
-15.62%
HK:1627
Able Engineering Holdings Ltd.
0.50
-0.17
-25.00%
HK:1726
HKE Holdings Limited
0.92
-0.85
-48.02%
HK:1903
JBB Builders International Ltd.
2.62
1.29
96.99%
HK:0687
Tysan Holdings Limited
0.30
0.09
42.18%
Man Shun Group (Holdings) Ltd. Corporate Events
Man Shun Group’s Controlling Stake Put Up for Potential Sale
Jul 10, 2026
Man Shun Group’s controlling shareholders, referred to as the Vendors, have signed a letter of intent with an independent potential purchaser for the possible sale of 750,000,000 shares held via Prime Pinnacle, representing 75% of the compan...
Man Shun Group Requests Trading Halt Ahead of Price-Sensitive Announcement
Jul 10, 2026
Man Shun Group (Holdings) Limited has requested a halt in trading of its shares on the Hong Kong Stock Exchange, effective from 9:00 a.m. on 10 July 2026. The suspension is to allow the company to prepare and release an announcement containing ins...
Man Shun Group Wins Unanimous Shareholder Backing at 2026 AGM
Jun 4, 2026
Man Shun Group (Holdings) Ltd. reported that shareholders at its 4 June 2026 annual general meeting unanimously approved all resolutions, including the receipt of the 2025 audited accounts, the re-election of directors Mr. Cheung Yuen Chau and Mr....
Man Shun Group Sets 2026 AGM to Approve Accounts, Board Mandates and Share Issue Authority
Apr 23, 2026
Man Shun Group (Holdings) Limited has called its annual general meeting for 4 June 2026 in Hong Kong, where shareholders will review the audited consolidated financial statements and directors’ and independent auditor’s reports for the...
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.