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Man Wah Holdings
(1999)
Man Wah Holdings (1999) vs. iShares MSCI Hong Kong ETF (EWH)
Man Wah Holdings Business Overview & Revenue Model
Man Wah Holdings Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.64B | 16.90B | 18.41B | 17.35B | 21.50B | 16.43B |
| Gross Profit | 6.81B | 6.84B | 7.25B | 6.68B | 7.89B | 5.93B |
| EBITDA | 3.39B | 3.36B | 3.64B | 3.00B | 3.57B | 2.68B |
| Net Income | 2.07B | 2.06B | 2.30B | 1.91B | 2.25B | 1.92B |
Balance Sheet | ||||||
| Total Assets | 20.99B | 20.02B | 19.81B | 19.64B | 20.52B | 17.44B |
| Cash, Cash Equivalents and Short-Term Investments | 3.95B | 4.08B | 3.52B | 4.09B | 3.22B | 3.68B |
| Total Debt | 4.12B | 4.39B | 4.33B | 4.40B | 4.61B | 3.64B |
| Total Liabilities | 6.33B | 6.37B | 6.73B | 7.11B | 7.77B | 6.03B |
| Stockholders Equity | 13.65B | 12.71B | 12.08B | 11.56B | 11.71B | 10.74B |
Cash Flow | ||||||
| Free Cash Flow | 1.93B | 2.28B | 985.45M | 2.50B | 363.28M | 655.85M |
| Operating Cash Flow | 3.42B | 3.32B | 2.55B | 4.06B | 2.32B | 1.92B |
| Investing Cash Flow | -863.62M | -1.55B | -1.54B | -1.59B | -995.57M | -2.73B |
| Financing Cash Flow | -2.11B | -1.50B | -1.28B | -1.41B | -956.19M | 1.11B |
Man Wah Holdings Technical Analysis
Man Wah Holdings Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$411.25M | 4.00 | 10.72% | 7.76% | -1.05% | -2.97% | |
69 Neutral | HK$18.15B | 8.77 | 15.62% | 5.53% | -6.39% | -10.18% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
53 Neutral | HK$99.40M | 5.89 | 20.69% | 8.93% | -13.44% | ― | |
44 Neutral | HK$148.31M | -5.41 | ― | ― | -50.43% | 79.67% | |
41 Neutral | HK$76.58M | -0.04 | ― | ― | -72.73% | -764.81% | |
39 Underperform | HK$324.82M | -0.63 | -36.67% | ― | ― | ― |
Man Wah Holdings Corporate Events
Man Wah Holdings has provided additional details on its acquisition of 100% interest in Gainline Recline Intermediate Corp., clarifying that the seller is an investment vehicle of Gainline Equity Fund, a US$1.7 billion assets-under-management private equity fund whose owners are independent of Man Wah. The company explained that the purchase price, which includes a premium of about US$7 million over the target’s net asset value as of 28 June 2025, reflects the value of the target group’s established brands and its eight manufacturing facilities in the United States. Management believes the deal will immediately give Man Wah on-the-ground manufacturing capacity and stronger brand presence in the US market, improving its positioning amid current geopolitical and macroeconomic challenges and diversifying its production base beyond existing locations.
The most recent analyst rating on (HK:1999) stock is a Hold with a HK$5.00 price target. To see the full list of analyst forecasts on Man Wah Holdings stock, see the HK:1999 Stock Forecast page.
Man Wah Holdings has expanded its US footprint by acquiring 100% of Gainline Recline Intermediate Corp, a US-based upholstered furniture manufacturer and trader, through its indirect wholly owned subsidiary MW USA Manufacturing. The deal values the business at approximately US$58.7 million, including the Target Group’s debt, with US$32 million paid for the equity and an interest-free shareholder loan of about US$26.7 million extended to fully repay existing bank facilities, while the remainder of the debt is settled from the target’s cash. With completion occurring simultaneously with the signing on 18 December 2025, Gainline Recline now becomes an indirect wholly owned subsidiary whose financial results, assets and liabilities will be consolidated into Man Wah’s accounts, reinforcing the group’s vertical integration and scale in the US upholstered furniture market; the transaction is classified as a discloseable transaction under Hong Kong listing rules, triggering reporting and announcement requirements but not a shareholder vote.
The most recent analyst rating on (HK:1999) stock is a Buy with a HK$5.50 price target. To see the full list of analyst forecasts on Man Wah Holdings stock, see the HK:1999 Stock Forecast page.
Man Wah Holdings Limited has outlined the terms of reference for its Nomination Committee, which will be composed of at least three members, primarily independent non-executive directors. The committee’s responsibilities include overseeing the nomination process for board appointments, ensuring diversity, and maintaining governance standards. This move is expected to enhance the company’s governance structure and align with best practices, potentially strengthening its market position and stakeholder confidence.
The most recent analyst rating on (HK:1999) stock is a Buy with a HK$5.50 price target. To see the full list of analyst forecasts on Man Wah Holdings stock, see the HK:1999 Stock Forecast page.
Man Wah Holdings Limited has announced the appointment of Ms. Wong Ying Ying and Mr. Yang Siu Shun to its Nomination Committee, effective from November 14, 2025. This move ensures gender diversity within the committee and maintains a majority of independent non-executive directors, potentially strengthening the company’s governance and decision-making processes.
The most recent analyst rating on (HK:1999) stock is a Buy with a HK$5.50 price target. To see the full list of analyst forecasts on Man Wah Holdings stock, see the HK:1999 Stock Forecast page.
Man Wah Holdings Limited has announced the composition of its board of directors, highlighting the roles and functions of each member. The board includes both executive and independent non-executive directors, with specific members serving on the Audit, Nomination, and Remuneration Committees. This announcement underscores the company’s governance structure and may impact its strategic decision-making and stakeholder confidence.
The most recent analyst rating on (HK:1999) stock is a Buy with a HK$5.50 price target. To see the full list of analyst forecasts on Man Wah Holdings stock, see the HK:1999 Stock Forecast page.
Man Wah Holdings Limited has announced an interim ordinary cash dividend of HKD 0.15 per share for the six months ending 30 September 2025. This announcement reflects the company’s ongoing financial health and commitment to returning value to shareholders, with the dividend payment scheduled for 17 December 2025.
The most recent analyst rating on (HK:1999) stock is a Buy with a HK$5.50 price target. To see the full list of analyst forecasts on Man Wah Holdings stock, see the HK:1999 Stock Forecast page.
Man Wah Holdings Limited reported its unaudited condensed consolidated interim results for the six months ended 30 September 2025, showing a slight decrease in revenue from the previous year. Despite this, the company achieved a marginal increase in profit before income tax, indicating effective cost management and operational efficiency. The profit attributable to owners of the company also saw a modest rise, reflecting stable financial performance during the review period.
The most recent analyst rating on (HK:1999) stock is a Buy with a HK$5.50 price target. To see the full list of analyst forecasts on Man Wah Holdings stock, see the HK:1999 Stock Forecast page.
Man Wah Holdings Limited has announced that its subsidiary, Remacro Technology Co., Ltd. (RMT), has submitted an application for a separate quotation on the National Equities Exchange and Quotations (NEEQ). This move is expected to benefit the company by allowing RMT to remain a subsidiary, enhancing strategic execution, raising market profiles, and establishing separate fund-raising platforms for both entities. The NEEQ Quotation is pending approval and aims to support the growth and expansion of their respective businesses.
The most recent analyst rating on (HK:1999) stock is a Buy with a HK$5.50 price target. To see the full list of analyst forecasts on Man Wah Holdings stock, see the HK:1999 Stock Forecast page.
Man Wah Holdings Limited has announced a board meeting scheduled for November 14, 2025, to review and approve the unaudited interim results for the half year ending September 30, 2025. The meeting will also consider the declaration of an interim dividend and address other business matters, potentially impacting the company’s financial strategies and shareholder returns.
The most recent analyst rating on (HK:1999) stock is a Hold with a HK$5.00 price target. To see the full list of analyst forecasts on Man Wah Holdings stock, see the HK:1999 Stock Forecast page.