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Man Wah Holdings Limited (HK:1999)
:1999

Man Wah Holdings (1999) AI Stock Analysis

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HK

Man Wah Holdings

(OTC:1999)

Rating:70Outperform
Price Target:
Man Wah Holdings scores well due to its stable financial performance and attractive valuation, providing a strong foundation for future growth. The technical indicators are generally positive but indicate caution due to potential overbought conditions.

Man Wah Holdings (1999) vs. iShares MSCI Hong Kong ETF (EWH)

Man Wah Holdings Business Overview & Revenue Model

Company DescriptionMan Wah Holdings Limited, an investment holding company, engages in the manufacture, wholesale, trading, and distribution of sofas and ancillary products in the People's Republic of China, North America, Europe, and internationally. The company operates through Sofa and Ancillary Products, Other Products, Other Business, and Home Group Business segments. It offers mattresses, smart furniture spare parts, and metal mechanism for recliners. The company is also involved in the production and sale of chairs and other products to high-speed railways, cinema chains, and other commercial customers; advertising and marketing of home furnishing products; property investment business; operation, leasing, and management of furniture malls; manufacturing and trading of bedding products, other furniture, and furniture components, as well as foam products; and research and production of smart drive machines and electric regulators. In addition, it offers property management and development services; offshore sales, business consultancy, and back-office support services; business management, advertising, and design services; and marketing, logistics, and warehousing services. The company also operates hotel; and sells residential properties. As of March 31, 2022, it had a total of 5,968 brand stores in China. The company was founded in 1992 and is based in Fo Tan, Hong Kong. Man Wah Holdings Limited is a subsidiary of Man Wah Investments Limited.
How the Company Makes MoneyMan Wah Holdings generates revenue primarily through the manufacturing and sale of its furniture products. The company's key revenue streams include direct sales to retailers, wholesalers, and distributors, along with its own retail operations. Man Wah leverages a vertically integrated business model, controlling various stages of production from design to delivery, which helps in maintaining quality and cost efficiency. Additionally, the company engages in strategic partnerships and collaborations with other brands and retailers to expand its market reach. Factors contributing to its earnings include its extensive global distribution network, continuous product innovation, and a focus on customer demand trends.

Man Wah Holdings Financial Statement Overview

Summary
Man Wah Holdings has a stable financial position with healthy profitability margins and a conservative approach to leverage. While revenue has declined, the company maintains operational efficiency and a strong balance sheet. Continued focus on revenue growth will be crucial.
Income Statement
65
Positive
Man Wah Holdings has shown fluctuating revenue trends with a recent decline in total revenue for the year ending March 2025. The gross profit margin remains healthy at approximately 40.5%, indicating effective cost management. However, the net profit margin decreased slightly from previous years, and revenue growth has been negative, which could be concerning. Overall, the company maintains solid profitability with room for improvement in revenue growth.
Balance Sheet
75
Positive
The company's balance sheet is strong, with a debt-to-equity ratio of approximately 0.35, indicating a conservative approach to leverage. The equity ratio is robust at around 63.5%, suggesting financial stability. Return on equity, while positive, has seen a slight decline, reflecting the decrease in net income. Overall, Man Wah Holdings maintains a solid balance sheet with a good equity base and manageable debt levels.
Cash Flow
70
Positive
The cash flow position is stable, with a significant increase in free cash flow due to reduced capital expenditures. The operating cash flow to net income ratio remains strong, indicating efficient cash generation from operations. However, there has been variability in free cash flow growth, reflecting fluctuations in capital expenditures. Overall, the cash flow situation is positive, with a strong focus on operational efficiency.
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue18.41B16.90B18.41B17.35B21.50B16.43B
Gross Profit7.25B6.84B7.25B6.68B7.89B5.93B
EBITDA3.63B3.36B3.64B3.00B3.57B2.68B
Net Income1.96B2.06B2.30B1.91B2.25B1.92B
Balance Sheet
Total Assets19.81B20.02B19.81B19.64B20.52B17.44B
Cash, Cash Equivalents and Short-Term Investments3.52B4.08B3.52B4.09B3.22B3.68B
Total Debt4.33B4.39B4.33B4.40B4.61B3.64B
Total Liabilities6.73B6.37B6.73B7.11B7.77B6.03B
Stockholders Equity12.08B12.71B12.08B11.56B11.71B10.74B
Cash Flow
Free Cash Flow1.32B2.28B985.45M2.50B363.28M655.85M
Operating Cash Flow2.55B3.32B2.55B4.06B2.32B1.92B
Investing Cash Flow-1.54B-1.55B-1.54B-1.59B-995.57M-2.73B
Financing Cash Flow-1.29B-1.50B-1.28B-1.41B-956.19M1.11B

Man Wah Holdings Technical Analysis

Technical Analysis Sentiment
Positive
Last Price4.32
Price Trends
50DMA
4.11
Positive
100DMA
4.21
Positive
200DMA
4.50
Negative
Market Momentum
MACD
0.07
Negative
RSI
64.64
Neutral
STOCH
63.97
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1999, the sentiment is Positive. The current price of 4.32 is above the 20-day moving average (MA) of 4.12, above the 50-day MA of 4.11, and below the 200-day MA of 4.50, indicating a neutral trend. The MACD of 0.07 indicates Negative momentum. The RSI at 64.64 is Neutral, neither overbought nor oversold. The STOCH value of 63.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1999.

Man Wah Holdings Peers Comparison

Overall Rating
UnderperformOutperform
Sector (56)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
70
Outperform
$16.83B8.1616.66%5.53%-8.19%-9.98%
69
Neutral
HK$481.25M3.4914.54%9.45%13.36%120.39%
56
Neutral
HK$24.58B3.79-2.03%6.58%-0.32%-67.68%
51
Neutral
HK$80.00M5.1119.25%20.86%
42
Neutral
HK$779.57M
3.85%
42
Neutral
HK$170.88M
-37.59%-244.66%
41
Neutral
HK$76.58M-38.40%-72.73%-764.81%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1999
Man Wah Holdings
4.32
-0.05
-1.12%
HK:1198
Royale Home Holdings Limited
0.30
-0.15
-33.33%
HK:1418
Sinomax Group Ltd.
0.28
0.16
133.33%
HK:1575
Morris Home Holdings Limited
0.05
-0.04
-44.44%
HK:2127
Huisen Household International Group Limited
0.02
-0.13
-86.67%
HK:0396
Hing Lee (HK) Holdings Limited
0.10
0.05
100.00%

Man Wah Holdings Corporate Events

Man Wah Holdings Announces AGM Results and Strategic Appointments
Jun 30, 2025

Man Wah Holdings Limited announced that all resolutions proposed at their Annual General Meeting on June 30, 2025, were approved by shareholders. Key outcomes include the re-election of Mr. Alan Marnie as an executive director, the re-election of Mr. Yang Siu Shun as an independent non-executive director, and the appointment of Mr. Lam Yin Shing, Donald as an independent non-executive director. The company also declared a final dividend of HK12 cents per share and granted mandates to directors for issuing and repurchasing shares. These decisions reflect the company’s strategic direction and commitment to maintaining strong governance, potentially impacting its market positioning and shareholder value.

The most recent analyst rating on (HK:1999) stock is a Buy with a HK$9.00 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 Updates Board Composition and Roles
Jun 30, 2025

Man Wah Holdings Limited has announced the composition of its board of directors and the roles they will serve in various committees. This update reflects the company’s commitment to maintaining a structured governance framework, which is crucial for its strategic decision-making and operational oversight.

The most recent analyst rating on (HK:1999) stock is a Buy with a HK$9.00 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 Announces Annual General Meeting and Key Resolutions
Jun 5, 2025

Man Wah Holdings Limited has announced its upcoming annual general meeting scheduled for June 30, 2025, where key resolutions will be discussed. These include adopting financial reports, declaring a final dividend, re-electing directors, appointing a new independent non-executive director, and re-appointing auditors. The company also seeks approval for a mandate to issue additional shares, which could impact its capital structure and shareholder value.

The most recent analyst rating on (HK:1999) stock is a Buy with a HK$9.00 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 Announces Board Changes with New Director Appointment
May 30, 2025

Man Wah Holdings Limited has announced a proposed change in its board composition, with Mr. Kan Chung Nin retiring as an independent non-executive director and member of several board committees. The company plans to appoint Mr. Lam Yin Shing, Donald as his successor, subject to shareholder approval at the upcoming AGM. Mr. Lam brings extensive experience from the banking industry, having held significant roles at Hang Seng Bank and HSBC. His appointment is expected to enhance the company’s strategic direction and governance, potentially impacting its operations and market positioning positively.

The most recent analyst rating on (HK:1999) stock is a Buy with a HK$9.00 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 Reports FY2025 Financial Results
May 15, 2025

Man Wah Holdings Limited announced its audited financial results for the year ended 31 March 2025, reporting a decline in revenue from HK$18,411,197,000 in 2024 to HK$16,902,634,000 in 2025. Despite the decrease in revenue, the company achieved a total comprehensive income of HK$1,857,918,000, reflecting a slight improvement from the previous year. The results indicate challenges in maintaining revenue levels, yet the company managed to sustain profitability, which may impact its market positioning and stakeholder confidence.

The most recent analyst rating on (HK:1999) stock is a Buy with a HK$8.00 price target. To see the full list of analyst forecasts on Man Wah Holdings stock, see the HK:1999 Stock Forecast page.

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: Jul 08, 2025