MTT Group Holdings Limited (HK:2350)
:2350
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MTT Group Holdings Limited
(2350)
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Rating:48Neutral
Price Target:
HK$0.74
▲(35.09% Upside)
Action:ReiteratedDate:03/24/26
The score is primarily held back by weak financial performance (two consecutive net losses and compressed margins) despite improving revenue and a return to positive operating/free cash flow. Technicals are mixed with softer near-term trends but a still-positive longer-term setup. Valuation remains a drawback due to a negative P/E and no stated dividend yield.
Positive Factors
Balance-sheet de-risking
Leverage has materially declined to ~0.29 in 2025 with sizable equity and stable assets, giving the company a stronger capital cushion. A healthier balance sheet reduces refinancing and solvency risk, increases financial optionality for capex or M&A, and supports operations over the next several quarters.
Negative Factors
Consecutive net losses
The company reported net losses in both 2024 and 2025, producing negative returns on equity. Consecutive loss years constrain retained earnings, limit internal reinvestment capacity, and raise the bar for sustainable profit recovery; persistent losses increase reliance on external funding in downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet de-risking
Leverage has materially declined to ~0.29 in 2025 with sizable equity and stable assets, giving the company a stronger capital cushion. A healthier balance sheet reduces refinancing and solvency risk, increases financial optionality for capex or M&A, and supports operations over the next several quarters.
Read all positive factors
MTT Group Holdings Limited (2350) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$500.00M
Dividend YieldN/A
Average Volume (3M)1.11M
Price to Earnings (P/E)―
Beta (1Y)0.50
Revenue Growth48.53%
EPS Growth80.83%
CountryHK
Employees184
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)-0.02
Shares Outstanding625,000,000
10 Day Avg. Volume913,000
30 Day Avg. Volume1,113,666
Financial Highlights & Ratios
PEG Ratio0.69
Price to Book (P/B)1.21
Price to Sales (P/S)0.35
P/FCF Ratio19.87
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
MTT Group Holdings Limited Business Overview & Revenue Model
Company Description
MTT Group Holdings Limited, and investment holding company, engages in the distribution of IT products and provision of SI solutions in Hong Kong, the People's Republic of China, Macau, and internationally. It operates through Distribution Busines...
MTT Group Holdings Limited Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
62
Positive
Cash Flow
51
Neutral
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 725.27M | 630.17M | 628.08M | 752.55M | 631.51M | 387.44M |
| Gross Profit | 62.06M | 61.36M | 70.98M | 126.72M | 116.06M | 86.26M |
| EBITDA | -186.00K | -1.71M | -8.30M | 64.10M | 61.83M | 39.39M |
| Net Income | -6.63M | -10.32M | -14.97M | 43.74M | 47.26M | 24.78M |
Balance Sheet | ||||||
| Total Assets | 435.13M | 479.36M | 480.76M | 387.73M | 270.28M | 212.42M |
| Cash, Cash Equivalents and Short-Term Investments | 16.10M | 10.46M | 10.69M | 28.51M | 17.17M | 7.38M |
| Total Debt | 8.36M | 53.73M | 68.03M | 70.56M | 80.26M | 76.33M |
| Total Liabilities | 266.02M | 295.80M | 286.90M | 178.57M | 193.33M | 181.61M |
| Stockholders Equity | 169.11M | 183.56M | 193.86M | 209.16M | 76.96M | 30.80M |
Cash Flow | ||||||
| Free Cash Flow | 24.77M | 11.16M | -10.64M | -28.56M | -34.92M | -38.88M |
| Operating Cash Flow | 24.95M | 11.31M | -10.49M | -23.47M | -32.48M | -38.26M |
| Investing Cash Flow | 6.77M | 6.45M | 510.00K | -31.03M | 40.73M | 25.91M |
| Financing Cash Flow | -59.50M | -18.02M | -7.59M | 66.13M | 1.46M | 11.32M |
MTT Group Holdings Limited Technical Analysis
Negative
0.55
Price Trends
0.95
Negative
0.79
Positive
0.66
Positive
Market Momentum
-0.04
Positive
36.94
Neutral
21.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2350, the sentiment is Negative. The current price of 0.55 is below the 20-day moving average (MA) of 0.93, below the 50-day MA of 0.95, and below the 200-day MA of 0.66, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 36.94 is Neutral, neither overbought nor oversold. The STOCH value of 21.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2350.
MTT Group Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$78.86M | 7.11 | 6.73% | 7.87% | -1.57% | -18.62% | |
63 Neutral | HK$93.98M | 4.48 | 9.09% | 6.41% | 3.21% | -12.00% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | HK$211.65M | -3.11 | -33.88% | ― | -18.19% | 4.52% | |
51 Neutral | HK$375.00M | 48.09 | -0.77% | 8.55% | -1.86% | -105.19% | |
48 Neutral | HK$500.00M | -6.45 | -3.76% | ― | 48.53% | 80.83% | |
39 Underperform | HK$1.79B | 4.07 | 7.18% | ― | -25.92% | ― |
* Technology Sector Average
HK:2350
MTT Group Holdings Limited
0.80
0.50
166.67%
HK:1985
Microware Group Ltd.
1.25
0.05
4.17%
HK:3680
Suoxinda Holdings Limited
1.99
1.28
180.28%
HK:0465
Futong Technology Development Holdings Ltd.
0.68
0.40
142.86%
HK:8033
Vodatel Networks Holdings Limited
0.13
0.03
31.96%
HK:8319
Expert Systems Holdings Ltd.
0.12
0.02
21.88%
MTT Group Holdings Limited Corporate Events
MTT Group’s Controlling Shareholder Trims Stake but Retains Control
Mar 31, 2026
MTT Group Holdings Limited has disclosed that controlling shareholder QH Technology Holdings Limited, wholly owned by chairman Yan Wei, has agreed to sell 20 million shares, or about 3.2% of the company’s issued share capital, to an independ...
MTT Group Says Cash Sufficient to Settle Winding-Up Petition Liability
Mar 27, 2026
MTT Group Holdings Limited has provided a further update on the winding-up petition previously disclosed, stating that the agreed settlement amount represents about 5% to 6% of the group’s unaudited consolidated total assets as of 30 Septemb...
MTT Group Settles Winding-Up Dispute Over Tritech, Easing Legal Overhang
Mar 26, 2026
MTT Group Holdings Limited has resolved a prolonged legal dispute involving a winding-up petition against its wholly owned subsidiary Tritech by reaching a settlement with the petitioner. The case, which centred on an alleged outstanding US$45 mil...
MTT Group’s Controlling Shareholder Cuts Stake but Retains Control
Mar 6, 2026
MTT Group Holdings Limited has disclosed that its controlling shareholder, QH Technology Holdings Limited, wholly owned by chairman Yan Wei, has agreed to sell a total of 70 million shares in the company to two independent buyers. The disposals re...
MTT Group Eyes Industrial AI Expansion With Planned Stake in Tsingzhan International AI
Mar 5, 2026
MTT Group Holdings has signed a non-legally binding memorandum of understanding to acquire a controlling stake in Tsingzhan International AI Co., Limited, marking a potential move into industrial artificial intelligence and robotics. The deal cons...
MTT Group Drops Planned Acquisition of Hong Kong Hui Lang Technology
Jan 27, 2026
MTT Group Holdings Limited has cancelled its previously announced acquisition of Hong Kong Hui Lang Technology Limited, deciding after further consideration not to proceed with the deal. The company entered into a termination agreement with the ve...
MTT Group’s Key Subsidiary Challenges US$45 Million Winding-Up Petition in Cross-Border Dispute
Jan 16, 2026
MTT Group Holdings has issued a supplemental update on a winding-up petition filed in Hong Kong against its key subsidiary Tritech, which is facing an alleged claim of US$45 million relating to unpaid invoices. The High Court previously ordered Tr...
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.