Man King Holdings Limited (HK:2193)
:2193
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Man King Holdings Limited
(2193)
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Rating:54Neutral
Price Target:
HK$0.29
▲(19.17% Upside)
Action:ReiteratedDate:03/24/26
The score is held back primarily by weakened financial performance, with two years of losses and negative operating/free cash flow despite low leverage. Technicals are a supporting positive (uptrend with positive MACD), while valuation appears optically cheap on P/E but is discounted due to recent profitability and cash-generation deterioration.
Positive Factors
Conservative leverage
Very low debt-to-equity provides durable financial flexibility: it reduces refinancing and solvency risk, allows the firm to fund operations or selective bids during a downturn, and gives management time to execute a turnaround without immediate pressure to deleverage.
Negative Factors
Two consecutive years of losses
Sustained losses and negative gross/operating margins indicate structural pressure on project margins or pricing; this erodes retained earnings, undermines competitive bidding capacity, and makes restoring sustainable profitability more difficult absent meaningful operational change.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
Very low debt-to-equity provides durable financial flexibility: it reduces refinancing and solvency risk, allows the firm to fund operations or selective bids during a downturn, and gives management time to execute a turnaround without immediate pressure to deleverage.
Read all positive factors
Man King Holdings Limited (2193) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$119.58M
Dividend YieldN/A
Average Volume (3M)16.53K
Price to Earnings (P/E)2.3
Beta (1Y)0.04
Revenue Growth-1.91%
EPS Growth18.30%
CountryHK
Employees170
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.02
Shares Outstanding419,594,000
10 Day Avg. Volume30,000
30 Day Avg. Volume16,533
Financial Highlights & Ratios
PEG Ratio0.54
Price to Book (P/B)0.33
Price to Sales (P/S)0.25
P/FCF Ratio-2.69
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
Man King Holdings Limited Business Overview & Revenue Model
Company Description
Man King Holdings Limited, an investment holding company, provides construction and civil engineering services to the public and private sectors in Hong Kong. It undertakes road and bridge, drainage and sewage, port work, site formation, public fi...
Man King Holdings Limited Financial Statement Overview
Summary
Income Statement
27
Negative
Balance Sheet
66
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 339.88M | 335.70M | 338.49M | 452.78M | 408.20M | 276.55M |
| Gross Profit | -14.79M | -11.26M | -26.64M | 69.62M | 51.41M | 29.40M |
| EBITDA | -28.24M | -10.84M | -14.47M | 46.49M | 34.54M | 9.28M |
| Net Income | -18.54M | -21.13M | -22.74M | 42.13M | 36.92M | 15.74M |
Balance Sheet | ||||||
| Total Assets | 389.13M | 371.34M | 412.77M | 461.53M | 415.89M | 315.84M |
| Cash, Cash Equivalents and Short-Term Investments | 221.49M | 186.26M | 180.83M | 239.92M | 158.43M | 117.96M |
| Total Debt | 9.38M | 12.24M | 10.48M | 16.29M | 19.79M | 3.64M |
| Total Liabilities | 129.65M | 120.10M | 140.34M | 150.69M | 136.76M | 62.28M |
| Stockholders Equity | 259.48M | 251.24M | 272.43M | 310.84M | 279.12M | 253.56M |
Cash Flow | ||||||
| Free Cash Flow | 28.85M | -30.54M | -58.18M | 104.61M | 52.66M | 51.90M |
| Operating Cash Flow | 28.97M | -30.29M | -52.21M | 108.07M | 66.50M | 56.63M |
| Investing Cash Flow | -39.93M | 21.99M | -6.63M | -4.59M | -11.62M | -1.36M |
| Financing Cash Flow | -5.55M | -1.94M | -22.63M | -21.42M | -13.92M | -2.67M |
Man King Holdings Limited Technical Analysis
Positive
0.24
Price Trends
0.26
Positive
0.24
Positive
0.23
Positive
Market Momentum
<0.01
Positive
56.34
Neutral
56.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2193, the sentiment is Positive. The current price of 0.24 is below the 20-day moving average (MA) of 0.27, below the 50-day MA of 0.26, and above the 200-day MA of 0.23, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 56.34 is Neutral, neither overbought nor oversold. The STOCH value of 56.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2193.
Man King 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% | |
63 Neutral | HK$104.07M | 4.63 | 1.45% | ― | -19.27% | -47.47% | |
58 Neutral | HK$302.67M | 9.76 | 5.84% | ― | 4.56% | ― | |
54 Neutral | HK$119.58M | 2.34 | -7.26% | ― | -1.91% | 18.30% | |
46 Neutral | HK$512.00M | -28.18 | -32.47% | ― | -8.31% | -56.88% | |
43 Neutral | HK$132.00M | -14.63 | -47.44% | ― | -34.70% | -388.24% | |
42 Neutral | HK$44.32M | -8.62 | -15.62% | ― | 8.74% | 48.76% |
* Industrials Sector Average
HK:2193
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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.