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Man Shing Global Holdings Limited
(8309)
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Rating:46Neutral
Price Target:
HK$0.08
▲(38.33% Upside)
Action:Reiterated
Date:07/16/26
The score is held down primarily by deteriorating financial performance—sharp revenue decline, losses, and especially negative operating/free cash flow—partly offset by a significantly strengthened balance sheet from major debt reduction. Technicals are supportive (price above key averages and positive MACD) but are tempered by an overbought RSI, while valuation is constrained by the negative P/E tied to current unprofitability.
Positive Factors
Material debt reduction
Rapid, multi-year debt reduction meaningfully lowers leverage and refinancing risk, improving financial flexibility. With debt down to 7.4M versus equity of 121.4M (FY2026), the company has structural headroom to fund a recovery, pursue working-capital fixes or withstand near-term operating volatility without immediate recapitalization.
Negative Factors
Sharp revenue decline
A greater-than-50% revenue collapse over two years materially reduces scale economies and contract coverage, pressuring margins and fixed-cost absorption. Such a structural drop raises questions about lost contracts, pricing pressure or market share erosion, making recovery dependent on durable demand or successful business reconfiguration.
Read all positive and negative factors
Positive Factors
Negative Factors
Material debt reduction
Rapid, multi-year debt reduction meaningfully lowers leverage and refinancing risk, improving financial flexibility. With debt down to 7.4M versus equity of 121.4M (FY2026), the company has structural headroom to fund a recovery, pursue working-capital fixes or withstand near-term operating volatility without immediate recapitalization.
Read all positive factors
Man Shing Global Holdings Limited (8309) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$48.00M
Dividend YieldN/A
Average Volume (3M)24.00K
Price to Earnings (P/E)―
Beta (1Y)0.36
Revenue Growth-32.81%
EPS Growth-45.83%
CountryHK
Employees4,066
SectorIndustrials
Sector Strength72
IndustryWaste Management
Share Statistics
EPS (TTM)-0.03
Shares Outstanding600,000,000
10 Day Avg. Volume0
30 Day Avg. Volume24,000
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)0.34
Price to Sales (P/S)0.09
P/FCF Ratio-2.70
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 Shing Global Holdings Limited Business Overview & Revenue Model
Company Description
Man Shing Global Holdings Limited functions as an investment holding company, specializing in a broad spectrum of environmental cleaning and property management services throughout Hong Kong. The company's diverse offerings include maintaining urb...
How the Company Makes Money
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Man Shing Global Holdings Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 454.91M | 677.10M | 1.02B | 997.03M | 663.96M |
| Gross Profit | 41.41M | 60.61M | 87.70M | 95.38M | 60.61M |
| EBITDA | 2.10M | 18.80M | 35.64M | 54.29M | 20.89M |
| Net Income | -10.52M | -7.23M | 16.10M | 28.26M | 2.25M |
Balance Sheet | |||||
| Total Assets | 199.00M | 213.56M | 345.51M | 330.05M | 298.47M |
| Cash, Cash Equivalents and Short-Term Investments | 72.66M | 75.94M | 73.19M | 70.98M | 73.58M |
| Total Debt | 7.38M | 13.91M | 38.38M | 68.16M | 116.16M |
| Total Liabilities | 77.61M | 81.56M | 206.37M | 83.98M | 203.71M |
| Stockholders Equity | 121.38M | 131.98M | 139.13M | 123.02M | 94.76M |
Cash Flow | |||||
| Free Cash Flow | -15.13M | -42.11M | 51.47M | 56.12M | -6.06M |
| Operating Cash Flow | -10.41M | -31.30M | 57.54M | 71.31M | -3.35M |
| Investing Cash Flow | -3.86M | 62.19M | -25.11M | -9.42M | -31.81M |
| Financing Cash Flow | -13.08M | -28.15M | -30.21M | -63.13M | 38.19M |
Man Shing Global Holdings Limited Technical Analysis
Positive
0.06
Price Trends
0.07
Positive
0.07
Positive
0.06
Positive
Market Momentum
<0.01
Negative
83.97
Negative
59.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8309, the sentiment is Positive. The current price of 0.06 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.07, and below the 200-day MA of 0.06, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 83.97 is Negative, neither overbought nor oversold. The STOCH value of 59.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:8309.
Man Shing Global 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$125.12M | 5.89 | 4.68% | ― | 37.07% | ― | |
53 Neutral | HK$70.28M | -26.94 | -6.86% | ― | 4.37% | ― | |
50 Neutral | HK$151.78M | -17.24 | -2.28% | 2.46% | -0.17% | 63.22% | |
47 Neutral | HK$86.81M | -0.51 | -224.73% | ― | -9.12% | 65.45% | |
46 Neutral | HK$48.00M | -1.60 | -15.04% | ― | -32.81% | -45.83% | |
42 Neutral | HK$43.87M | -1.11 | ― | ― | 8.73% | -42.96% |
* Industrials Sector Average
HK:8309
Man Shing Global Holdings Limited
0.08
0.02
33.33%
HK:1395
ELL Environmental Holdings Limited
0.11
-0.04
-27.56%
HK:0923
Integrated Waste Solutions Group Holdings Limited
0.02
<0.01
12.50%
HK:0436
New Universe Environmental Group Limited
0.05
>-0.01
-10.71%
HK:0646
China Environmental Technology Holdings Limited
0.13
-0.04
-23.81%
HK:8320
Allied Sustainability and Environmental Consultants Group Limited
0.10
>-0.01
-3.00%
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.