Hands Form Holdings Limited (HK:1920)
:1920
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Hands Form Holdings Limited
(1920)
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Rating:43Neutral
Price Target:
HK$0.46
▲(14.50% Upside)
Action:ReiteratedDate:02/04/26
The score is primarily weighed down by very weak financial performance (losses, shrinking revenue, and negative operating/free cash flow). Technicals provide some support with price trading above major moving averages, but elevated RSI suggests momentum may be overextended. Valuation contributes negatively due to a negative P/E and no dividend yield data.
Positive Factors
Conservative leverage
A relatively low debt-to-equity ratio provides durable financial flexibility: it reduces solvency risk, limits fixed financing costs, and gives management room to pursue restructuring or opportunistic investments without immediate refinancing pressure, supporting survivability over months.
Negative Factors
Negative operating and free cash flow
Persistent negative operating and free cash flow erode liquidity and force reliance on external funding or asset sales. Over a multi-month horizon this constrains investment, increases refinancing and counterparty risk, and limits the company's ability to execute turnarounds without new capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
A relatively low debt-to-equity ratio provides durable financial flexibility: it reduces solvency risk, limits fixed financing costs, and gives management room to pursue restructuring or opportunistic investments without immediate refinancing pressure, supporting survivability over months.
Read all positive factors
Hands Form Holdings Limited (1920) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$400.61M
Dividend YieldN/A
Average Volume (3M)597.17K
Price to Earnings (P/E)507.6
Beta (1Y)0.15
Revenue Growth62.98%
EPS Growth67.20%
CountryHK
Employees13
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.03
Shares Outstanding374,400,000
10 Day Avg. Volume796,900
30 Day Avg. Volume597,166
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)27.61
Price to Sales (P/S)2.47
P/FCF Ratio-76.53
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
Hands Form Holdings Limited Business Overview & Revenue Model
Company Description
Hands Form Holdings Limited, an investment holding company, operates as a subcontractor in Hong Kong. The company undertakes wet trades' works, including plastering on floors, walls, and ceilings; tile laying on internal and external walls and flo...
How the Company Makes Money
Hands Form Holdings Limited generates revenue through multiple streams. The manufacturing and trading segment accounts for a significant portion of its income, as the company produces consumer goods that are sold both domestically and internationa...
Hands Form Holdings Limited Financial Statement Overview
Summary
Income Statement
15
Very Negative
Balance Sheet
40
Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 136.64M | 109.95M | 86.70M | 122.52M | 117.46M | 304.96M |
| Gross Profit | 9.08M | -12.88M | -21.49M | -28.63M | -63.46M | 3.80M |
| EBITDA | -15.71M | -40.66M | -48.63M | -53.79M | -81.00M | 9.22M |
| Net Income | -17.75M | -43.34M | -51.62M | -56.20M | -83.19M | 7.37M |
Balance Sheet | ||||||
| Total Assets | 56.48M | 42.26M | 71.76M | 123.94M | 191.25M | 253.52M |
| Cash, Cash Equivalents and Short-Term Investments | 23.13M | 10.54M | 18.60M | 14.01M | 9.56M | 5.95M |
| Total Debt | 14.45M | 5.31M | 9.62M | 9.70M | 16.28M | 17.81M |
| Total Liabilities | 32.33M | 32.43M | 18.59M | 19.15M | 45.63M | 24.71M |
| Stockholders Equity | 24.15M | 9.83M | 53.17M | 104.79M | 145.62M | 228.81M |
Cash Flow | ||||||
| Free Cash Flow | 10.55M | -3.55M | -197.00K | -13.15M | 8.50M | -27.71M |
| Operating Cash Flow | 10.55M | -3.55M | -197.00K | -5.40M | 8.50M | -27.71M |
| Investing Cash Flow | 0.00 | 16.00K | 5.21M | 1.32M | -3.00M | -4.69M |
| Financing Cash Flow | 0.00 | -4.53M | -414.00K | 8.52M | -1.88M | 13.65M |
Hands Form Holdings Limited Technical Analysis
Positive
0.40
Price Trends
0.87
Positive
0.64
Positive
0.53
Positive
Market Momentum
0.05
Positive
52.83
Neutral
35.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1920, the sentiment is Positive. The current price of 0.4 is below the 20-day moving average (MA) of 1.04, below the 50-day MA of 0.87, and below the 200-day MA of 0.53, indicating a bullish trend. The MACD of 0.05 indicates Positive momentum. The RSI at 52.83 is Neutral, neither overbought nor oversold. The STOCH value of 35.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1920.
Hands Form Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
55 Neutral | HK$216.00M | 6.09 | 3.15% | 5.63% | -9.62% | -2.68% | |
43 Neutral | HK$400.61M | 507.61 | -104.46% | ― | 62.98% | 67.20% | |
43 Neutral | HK$217.84M | -2.28 | -25.76% | ― | 38.15% | -1533.02% |
* Industrials Sector Average
HK:1920
Hands Form Holdings Limited
1.07
0.62
137.78%
HK:1615
AB Builders Group Limited
0.30
0.04
18.00%
HK:1793
Wecon Holdings Ltd.
0.27
0.12
78.81%
HK:2221
New Concepts Holdings Ltd
0.95
0.60
171.43%
HK:2266
Lai Si Enterprise Holding Ltd.
0.41
0.11
36.67%
HK:0589
Jianzhong Construction Development Limited
0.19
0.00
0.00%
Hands Form Holdings Limited Corporate Events
China Wacan Calls EGM for Major Share Subscription and Executive Option Grant
Jan 30, 2026
China Wacan Group Company Limited has called an extraordinary general meeting for 26 February 2026 in Shenzhen to seek shareholder approval for a new share subscription and a significant share option grant to an executive director. The company pla...
China Wacan Proposes Amendments to Constitutional Documents to Reflect Capital Increase
Jan 28, 2026
China Wacan Group Company Limited plans to increase its authorised share capital and therefore proposes corresponding amendments to its memorandum and articles of association, changing the authorised share capital from HK$40 million divided into 4...
China Wacan Further Delays Shareholder Circular on Subscription Agreement
Jan 26, 2026
China Wacan Group Company Limited has announced a further delay in sending a shareholder circular related to a subscription agreement and the proposed grant of a specific mandate to issue subscription shares. Originally expected by 26 January 2026...
China Wacan Further Delays Dispatch of Circular on Share Subscription
Dec 29, 2025
China Wacan Group Company Limited, a Cayman Islands-incorporated company listed in Hong Kong, has announced a further delay in sending a shareholder circular related to a subscription agreement and a proposed specific mandate to issue subscription...
China Wacan Group Announces Auditor Change to Enhance Audit Efficiency
Dec 11, 2025
China Wacan Group Company Limited, a company listed on the Hong Kong Stock Exchange, announced a change in its auditing firm. Wilson Partners CPA Limited resigned due to a disagreement over audit fees, and HLB Hodgson Impey Cheng Limited has been...
China Wacan Group Delays Circular Dispatch for Subscription Agreement
Dec 1, 2025
China Wacan Group Company Limited has announced a delay in the dispatch of a circular related to its Subscription Agreement and associated transactions. Initially expected by December 1, 2025, the circular will now be dispatched by December 29, 20...
China Wacan Group Proposes Share Capital Increase and New Share Scheme
Nov 20, 2025
China Wacan Group Company Limited, incorporated in the Cayman Islands, has announced a proposal to increase its authorized share capital from HK$40,000,000 to HK$120,000,000. This move aims to provide greater flexibility for future business growth...
Hands Form Holdings Announces Share Subscription Agreement with Major Shareholder
Nov 10, 2025
Hands Form Holdings Limited has entered into a Subscription Agreement with its controlling shareholder, China Wacan Group Company Limited, to issue 112,320,000 new shares at a price of HK$0.3965 per share, raising approximately HK$44.5 million. Th...
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.