Yue Kan Holdings Limited (HK:2110)
:2110
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Yue Kan Holdings Limited
(2110)
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Rating:46Neutral
Price Target:
HK$0.11
▲(11.00% Upside)
Action:Reiterated
Date:03/24/26
The score is primarily held down by weak financial performance, driven by sustained losses and negative operating/free cash flow despite low leverage. Technical indicators add some support from improving short-term momentum, but longer-term trends remain weak. Valuation is constrained by negative earnings and a lack of visible dividend support.
Positive Factors
Conservative balance sheet with low leverage
Modest debt-to-equity reduces solvency and interest burden risk, giving the company structural financial flexibility while it pursues a turnaround. A conservative leverage profile supports access to incremental financing and lowers bankruptcy risk during prolonged recovery periods.
Negative Factors
Multi-year losses and negative gross profit
Sustained losses and negative gross profit indicate the company is delivering projects at a loss and failing to cover direct costs. That structural profitability erosion undermines viability, depletes reserves, and requires durable changes to pricing, project selection, or cost structure to restore normal margin economics.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet with low leverage
Modest debt-to-equity reduces solvency and interest burden risk, giving the company structural financial flexibility while it pursues a turnaround. A conservative leverage profile supports access to incremental financing and lowers bankruptcy risk during prolonged recovery periods.
Read all positive factors
Yue Kan Holdings Limited (2110) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$44.50M
Dividend YieldN/A
Average Volume (3M)1.66M
Price to Earnings (P/E)―
Beta (1Y)0.28
Revenue Growth-25.94%
EPS Growth-4.23%
CountryHK
Employees106
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.11
Shares Outstanding432,000,000
10 Day Avg. Volume244,900
30 Day Avg. Volume1,664,400
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.78
Price to Sales (P/S)0.17
P/FCF Ratio-2.66
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
Yue Kan Holdings Limited Business Overview & Revenue Model
Company Description
Tian Cheng Holdings Ltd. engages in marine construction works. It specialises in reclamation works and supplemented by vessel chartering services and other civil engineering works. The company was founded 0n 24 May, 2018 and is headquartered in Ho...
Yue Kan Holdings Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
46
Neutral
Cash Flow
15
Very Negative
| Breakdown | May 2024 | May 2023 | May 2022 | May 2021 | May 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 202.78M | 223.33M | 198.03M | 212.28M | 345.62M |
| Gross Profit | -13.67M | -31.86M | -62.34M | 30.21M | 56.01M |
| EBITDA | -22.46M | -31.36M | -73.13M | 30.79M | 53.57M |
| Net Income | -34.48M | -44.14M | -87.05M | 16.68M | 37.63M |
Balance Sheet | |||||
| Total Assets | 81.56M | 117.47M | 145.99M | 227.77M | 265.47M |
| Cash, Cash Equivalents and Short-Term Investments | 28.10M | 25.82M | 33.69M | 85.18M | 124.52M |
| Total Debt | 2.56M | 4.95M | 6.84M | 1.01M | 1.62M |
| Total Liabilities | 38.10M | 43.56M | 39.52M | 34.29M | 63.67M |
| Stockholders Equity | 43.46M | 73.90M | 106.47M | 193.48M | 201.79M |
Cash Flow | |||||
| Free Cash Flow | -12.79M | -26.79M | -49.84M | -13.67M | 20.11M |
| Operating Cash Flow | -12.79M | -26.70M | -38.71M | 14.82M | 34.22M |
| Investing Cash Flow | 10.82M | 8.80M | -10.77M | -28.18M | -24.11M |
| Financing Cash Flow | 1.49M | 10.06M | -2.02M | -25.68M | 83.40M |
Yue Kan Holdings Limited Technical Analysis
Negative
0.10
Price Trends
0.10
Negative
0.10
Positive
0.12
Negative
Market Momentum
>-0.01
Positive
35.71
Neutral
-27.98
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2110, the sentiment is Negative. The current price of 0.1 is below the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.10, and below the 200-day MA of 0.12, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 35.71 is Neutral, neither overbought nor oversold. The STOCH value of -27.98 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2110.
Yue Kan Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
HK:2110
Yue Kan Holdings Limited
0.10
>-0.01
-3.74%
HK:3728
Ching Lee Holdings Ltd.
0.06
0.03
113.33%
HK:8366
Zhejiang United Investment Holdings Group Limit ed
0.03
0.01
77.78%
HK:8373
Indigo Star Holdings Limited
0.65
0.00
0.00%
Yue Kan Holdings Limited Corporate Events
Tian Cheng Holdings Raises HK$6.9 Million Through Share Placing
May 11, 2026
Tian Cheng Holdings Limited has completed a placing of 72 million new shares under its general mandate, representing about 16.67% of its enlarged share capital. The shares were placed to at least six independent investors at a net issue price of a...
Tian Cheng Plans Discounted Share Placing to Boost Working Capital
Apr 15, 2026
Tian Cheng Holdings Limited has entered into an agreement with Pinestone Securities Limited to place up to 72 million new shares, representing about 20% of its existing share capital, to at least six independent investors. The placing price is set...
Tian Cheng Grants 22.24 Million Share Options to Directors and Staff
Apr 14, 2026
Tian Cheng Holdings Limited has detailed a significant grant of share options under its 2020 share option scheme, issuing rights over 22,240,000 ordinary shares, equal to 10% of its issued share capital at listing. The options, priced at HK$0.107 ...
Tian Cheng Holdings Updates Hong Kong Principal Office Address
Mar 6, 2026
Tian Cheng Holdings Limited, a Cayman Islands-incorporated company listed in Hong Kong, announced an update to its corporate contact details while maintaining its existing digital communication channels. The company continues to be overseen by a b...
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.