Heng Hup Holdings Ltd. (HK:1891)
:1891
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Heng Hup Holdings Ltd.
(1891)
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Rating:59Neutral
Price Target:
HK$0.20
▲(39.29% Upside)
Action:Reiterated
Date:05/15/26
The score is held back mainly by inconsistent cash generation and thin profitability despite a reasonably positioned balance sheet. Technicals are supportive due to an uptrend, but overbought indicators raise near-term risk. Valuation is a positive offset given the low P/E.
Positive Factors
Improving leverage
The reduction in leverage to a debt-to-equity of ~0.36 indicates a healthier balance sheet and less financial strain. Lower leverage increases resilience to cyclical demand swings, preserves borrowing capacity for capex or working capital, and supports long-term financial flexibility.
Negative Factors
Cash-flow inconsistency
Volatile cash generation—sharp FCF collapse in 2025 and prior years of negative cash flow—undermines predictability for capex, working capital, and dividends. This inconsistency forces reliance on external financing or balance-sheet buffers and raises execution risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage
The reduction in leverage to a debt-to-equity of ~0.36 indicates a healthier balance sheet and less financial strain. Lower leverage increases resilience to cyclical demand swings, preserves borrowing capacity for capex or working capital, and supports long-term financial flexibility.
Read all positive factors
Heng Hup Holdings Ltd. (1891) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$189.00M
Dividend YieldN/A
Average Volume (3M)170.40K
Price to Earnings (P/E)5.1
Beta (1Y)-0.03
Revenue Growth-8.96%
EPS Growth-39.22%
CountryHK
Employees371
SectorIndustrials
Sector Strength72
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)0.02
Shares Outstanding1,000,000,000
10 Day Avg. Volume284,000
30 Day Avg. Volume170,400
Financial Highlights & Ratios
PEG Ratio-0.12
Price to Book (P/B)0.30
Price to Sales (P/S)0.05
P/FCF Ratio49.07
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
Heng Hup Holdings Ltd. Business Overview & Revenue Model
Company Description
Heng Hup Holdings Limited, an investment holding company, operates as a scrap ferrous metal trader in Malaysia and internationally. The company purchases scrap ferrous metals from various sources, and processes and sells them to steel mills. It tr...
How the Company Makes Money
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Heng Hup Holdings Ltd. Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
66
Positive
Cash Flow
38
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.46B | 1.71B | 1.35B | 1.40B | 1.42B |
| Gross Profit | 123.07M | 125.96M | 77.08M | 52.33M | 77.57M |
| EBITDA | 27.82M | 45.15M | 26.54M | 13.55M | 42.03M |
| Net Income | 14.58M | 25.46M | 8.54M | 2.38M | 25.48M |
Balance Sheet | |||||
| Total Assets | 385.85M | 380.35M | 382.11M | 278.46M | 280.02M |
| Cash, Cash Equivalents and Short-Term Investments | 57.16M | 51.32M | 24.85M | 28.22M | 29.16M |
| Total Debt | 91.13M | 89.53M | 107.46M | 54.19M | 34.62M |
| Total Liabilities | 140.28M | 145.69M | 169.52M | 74.68M | 73.25M |
| Stockholders Equity | 252.89M | 238.44M | 213.30M | 204.76M | 206.84M |
Cash Flow | |||||
| Free Cash Flow | 1.53M | 55.20M | -49.87M | -10.78M | -6.01M |
| Operating Cash Flow | 11.84M | 67.39M | -39.02M | 6.78M | -2.15M |
| Investing Cash Flow | -9.87M | -13.20M | -10.79M | -16.79M | -2.60M |
| Financing Cash Flow | 2.64M | -28.69M | 44.30M | 9.06M | 6.12M |
Heng Hup Holdings Ltd. Technical Analysis
Positive
0.14
Price Trends
0.15
Positive
0.15
Positive
0.14
Positive
Market Momentum
0.01
Negative
81.41
Negative
64.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1891, the sentiment is Positive. The current price of 0.14 is below the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.15, and below the 200-day MA of 0.14, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 81.41 is Negative, neither overbought nor oversold. The STOCH value of 64.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1891.
Heng Hup Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | HK$1.44B | 5.89 | 7.83% | 5.09% | -4.27% | 1.07% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | HK$893.95M | -14.20 | -1.44% | 14.77% | -15.02% | -65.74% | |
62 Neutral | HK$799.71M | 69.30 | 0.61% | ― | 7.63% | 6.93% | |
59 Neutral | HK$189.00M | 5.15 | 5.76% | ― | -8.96% | -39.22% | |
56 Neutral | HK$303.88M | -12.33 | -4.33% | ― | -1.23% | 54.52% | |
54 Neutral | HK$1.02B | 111.70 | 7.63% | ― | -12.73% | -48.73% |
* Industrials Sector Average
HK:1891
Heng Hup Holdings Ltd.
0.20
0.09
83.96%
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0.34
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-10.53%
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21.08%
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1.41
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WK Group (Holdings) Limited
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-16.96%
Heng Hup Holdings Ltd. Corporate Events
Heng Hup’s 2025 Profit Slides 43% on Lower Revenue, Higher Costs
Mar 31, 2026
Heng Hup Holdings Limited reported full-year 2025 revenue of RM1.46 billion, down 14.7% from 2024, as softer trading conditions weighed on its recycled metals business. Gross profit slipped a milder 2.3% to RM123.07 million, but profit attributabl...
Heng Hup Flags 40–50% Profit Drop on Weaker Scrap Prices and Higher Transport Costs
Mar 25, 2026
Heng Hup Holdings has warned that its consolidated profit attributable to shareholders for the year ended 31 December 2025 is expected to fall by about 40% to 50% from 2024. The decline is mainly driven by lower average selling prices for scrap fe...
Heng Hup Sets March 31 Board Meeting to Approve 2025 Annual Results and Consider Final Dividend
Mar 19, 2026
Heng Hup Holdings Limited has scheduled a board meeting for 31 March 2026 to review and approve the annual results of the company and its subsidiaries for the financial year ended 31 December 2025. The board will also consider whether to recommend...
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.