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Hands Form Holdings Limited (HK:1920)
:1920
Hong Kong Market
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Hands Form Holdings Limited (1920) AI Stock Analysis

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HK:1920

Hands Form Holdings Limited

(1920)

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Underperform 40 (OpenAI - 4o)
Rating:40Underperform
Price Target:
HK$0.50
▲(16.28% Upside)
The overall stock score of 40 reflects significant financial challenges, including declining revenue and negative profitability. Technical indicators suggest weak market momentum, and the valuation is unattractive due to a negative P/E ratio and lack of dividend yield. These factors collectively indicate a high-risk investment with limited upside potential.

Hands Form Holdings Limited (1920) vs. iShares MSCI Hong Kong ETF (EWH)

Hands Form Holdings Limited Business Overview & Revenue Model

Company DescriptionHands 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 floors; brick laying; and laying of marble tiles to the floor. It also provides other wet trades related ancillary works, such as touch-ups, chiseling, smoothing, cleaning, applying sealant, washed granolithic screed, on-site logistics services, etc. The company primarily serves main contractors and subcontractors of various building construction projects; government customers; and property developers. Hands Form Holdings Limited was founded in 1989 and is headquartered in Jordan, Hong Kong.
How the Company Makes MoneyHands Form Holdings Limited generates revenue primarily through the production and sale of its manufactured goods. The company's key revenue streams include direct sales to consumers, bulk orders from business clients, and potential partnerships with distributors and retailers who help extend its market reach. Its earnings are significantly influenced by the volume of products sold, pricing strategies, and the establishment of strong relationships with strategic partners that enhance its supply chain and distribution capabilities. Additionally, the company may engage in cost optimization and efficiency improvements to maximize profitability.

Hands Form Holdings Limited Financial Statement Overview

Summary
Hands Form Holdings Limited is experiencing severe financial challenges, with negative revenue growth, profitability issues, and concerning cash flow metrics. The company's financial instability is highlighted by consistent losses and liquidity risks.
Income Statement
15
Very Negative
The company has faced a significant decline in revenue, with a negative growth trend from 2019 to 2024. Profitability metrics such as gross profit margin and net profit margin are negative, indicating operational challenges. Consistent losses and decreasing revenue highlight financial instability.
Balance Sheet
40
Negative
The company maintains a relatively low debt-to-equity ratio, indicating conservative leverage. However, the declining stockholders' equity and total assets suggest a weakening financial position. The equity ratio has decreased, pointing to potential risks in financial stability.
Cash Flow
10
Very Negative
Cash flow metrics are concerning, with negative operating cash flow and free cash flow in most years. The inability to generate positive cash flow from operations poses liquidity risks. Lack of free cash flow growth indicates financial strain.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue109.95M86.70M122.52M117.46M304.96M
Gross Profit-12.88M-21.49M-28.63M-63.46M3.80M
EBITDA-40.66M-48.63M-53.79M-81.00M9.22M
Net Income-43.34M-51.62M-56.20M-83.19M7.37M
Balance Sheet
Total Assets42.26M71.76M123.94M191.25M253.52M
Cash, Cash Equivalents and Short-Term Investments10.54M18.60M14.01M9.56M5.95M
Total Debt5.31M9.62M9.70M16.28M17.81M
Total Liabilities32.43M18.59M19.15M45.63M24.71M
Stockholders Equity9.83M53.17M104.79M145.62M228.81M
Cash Flow
Free Cash Flow-3.55M-197.00K-13.15M8.50M-27.71M
Operating Cash Flow-3.55M-197.00K-5.40M8.50M-27.71M
Investing Cash Flow16.00K5.21M1.32M-3.00M-4.69M
Financing Cash Flow-4.53M-414.00K8.52M-1.88M13.65M

Hands Form Holdings Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.43
Price Trends
50DMA
0.46
Negative
100DMA
0.43
Positive
200DMA
0.59
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
46.14
Neutral
STOCH
25.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1920, the sentiment is Negative. The current price of 0.43 is below the 20-day moving average (MA) of 0.45, below the 50-day MA of 0.46, and below the 200-day MA of 0.59, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.14 is Neutral, neither overbought nor oversold. The STOCH value of 25.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1920.

Hands Form Holdings Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
58
Neutral
152.80M20.752.67%6.28%-8.76%22.37%
48
Neutral
148.04M-1.61-25.24%47.91%-2894.44%
40
Underperform
HK$160.99M-68.45%62.98%67.20%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1920
Hands Form Holdings Limited
0.43
-0.41
-48.81%
HK:1615
AB Builders Group Limited
0.23
-0.03
-11.54%
HK:1793
Wecon Holdings Ltd.
0.19
0.05
35.71%
HK:2221
New Concepts Holdings Ltd
0.08
>-0.01
-11.11%
HK:2266
Lai Si Enterprise Holding Ltd.
0.31
0.05
19.23%
HK:0589
Jianzhong Construction Development Limited
0.19
0.00
0.00%

Hands Form Holdings Limited Corporate Events

China Wacan Group Reports Impairment Losses Due to Payment Delays
Sep 12, 2025

China Wacan Group Company Limited has announced supplemental information regarding impairment losses under the expected credit loss model for two construction projects in Chai Wan and Kwun Tong. The company faced delays in payment from a customer, leading to a recognition of impairment losses of approximately HK$15.7 million and HK$3.6 million. The valuation was based on a report by an independent valuer, categorizing receivables into three risk groups, with Group C being considered defaulted due to significant overdue payments and changes in debtor credit ratings.

The most recent analyst rating on (HK:1920) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Hands Form Holdings Limited stock, see the HK:1920 Stock Forecast page.

China Wacan Group Announces Board Changes
Sep 11, 2025

China Wacan Group Company Limited announced the resignation of Mr. Zhu Qi from his roles as an independent non-executive director and chairman of the remuneration committee, among other positions, effective September 11, 2025. This change will lead to Professor Lam Sing Kwong Simon assuming Mr. Zhu’s former roles in the remuneration, audit, and nomination committees, potentially impacting the company’s governance structure.

The most recent analyst rating on (HK:1920) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Hands Form Holdings Limited stock, see the HK:1920 Stock Forecast page.

China Wacan Group Announces Board Composition and Roles
Sep 11, 2025

China Wacan Group Company Limited has announced the composition of its board of directors and their respective roles within the company. The board includes both executive and independent non-executive directors, with specific members assigned to the Audit, Remuneration, and Nomination Committees. This announcement is significant as it outlines the leadership structure and governance framework, which can impact the company’s strategic direction and stakeholder confidence.

The most recent analyst rating on (HK:1920) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Hands Form Holdings Limited stock, see the HK:1920 Stock Forecast page.

China Wacan Group Announces Share Option Grant Update
Sep 10, 2025

China Wacan Group Company Limited has announced a supplemental update regarding the grant of share options. The company is focused on incentivizing and retaining high-caliber employees by granting options with shorter vesting periods, aligning with its strategic goals of motivating and retaining core talent. The grant of 3,744,000 options to Mr. Zhou Zhenlin, a controlling shareholder, is subject to shareholder approval at an extraordinary general meeting. This move underscores the company’s commitment to recognizing contributions and ensuring long-term growth.

The most recent analyst rating on (HK:1920) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Hands Form Holdings Limited stock, see the HK:1920 Stock Forecast page.

China Wacan Group Grants 26 Million Share Options to Motivate Key Talent
Sep 2, 2025

China Wacan Group Company Limited has announced the grant of 26,000,000 share options to eligible participants under its share option scheme. This initiative is intended to recognize past contributions and incentivize future performance, aligning with the company’s strategy to attract and retain key talent. The options, which have a vesting period of less than 12 months, are exercisable until September 2035 and include a clawback mechanism to ensure compliance with company policies.

The most recent analyst rating on (HK:1920) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Hands Form Holdings Limited stock, see the HK:1920 Stock Forecast page.

China Wacan Group Reports Improved Interim Financial Results for 2025
Aug 29, 2025

China Wacan Group Company Limited, a company incorporated in the Cayman Islands, has announced its unaudited condensed consolidated interim financial results for the six months ending June 30, 2025. The company reported a revenue increase to HK$65,056,000 from HK$38,368,000 in the previous year, resulting in a gross profit of HK$8,266,000 compared to a loss of HK$13,699,000 in the same period last year. The company’s financial position has improved with net assets rising to HK$24,150,000 from HK$9,830,000 at the end of 2024, indicating a positive shift in its financial health.

The most recent analyst rating on (HK:1920) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Hands Form Holdings Limited stock, see the HK:1920 Stock Forecast page.

China Wacan Group Announces Major Operational Changes
Aug 27, 2025

China Wacan Group Company Limited, a company incorporated in the Cayman Islands, has announced significant changes to its operational details. The company will relocate its principal place of business in Hong Kong and its headquarters in the People’s Republic of China, effective in August 2025. Additionally, the company will update its website, telephone number, and email address to enhance communication with stakeholders.

The most recent analyst rating on (HK:1920) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Hands Form Holdings Limited stock, see the HK:1920 Stock Forecast page.

China Wacan Group Schedules Board Meeting for Interim Results
Aug 13, 2025

China Wacan Group Company Limited, incorporated in the Cayman Islands, has announced a board meeting scheduled for August 29, 2025. The meeting will focus on approving the interim results for the first half of 2025 and considering the declaration of an interim dividend. This announcement may impact the company’s financial strategies and shareholder returns.

China Wacan Group Expands into Beauty and Healthcare Markets
Aug 8, 2025

China Wacan Group Company Limited has announced a strategic shift to capitalize on the growing beauty and health consciousness among consumers. The company plans to diversify its business by launching new beauty and healthcare services and an online beauty product brand, aiming to maximize shareholder interests and improve its industrial layout.

China Wacan Group Announces Change in Chinese Company Name
Jul 30, 2025

China Wacan Group Company Limited has announced a change in its Chinese company name, while the English name and stock code remain unchanged. This change, confirmed by the relevant authorities in the Cayman Islands and Hong Kong, will not affect shareholders’ rights, the validity of existing share certificates, or the company’s daily operations and financial position.

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.Date of analysis: Sep 18, 2025