Ming Shing Group Holdings Limited (MSW) AI Stock Analysis

• Market Cap: $33.61M
• Dividend Yield: N/A
• Average Volume (3M): 122.75K
• Price to Earnings (P/E): 64.1
• Beta (1Y): 0.46
• Revenue Growth: 23.25%
• EPS Growth: -343.35%
• Country: US
• Employees: 32
• Sector: General
• Sector Strength: N/A
• Industry: Engineering & Construction
• EPS (TTM): 0.02
• Shares Outstanding: 12,975,000
• 10 Day Avg. Volume: 69,095
• 30 Day Avg. Volume: 122,746
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $2.00
• Price Target Upside: -13.04% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 1

• Rating: 40 Underperform
• Price Target: $2.00 ▼(-13.04% Downside)

The overall stock score of 40 reflects significant financial and valuation challenges. The company's high leverage and negative cash flows pose substantial risks, while the negative P/E ratio and lack of dividend yield further diminish its appeal. Technical indicators suggest a bearish trend, adding to the stock's unfavorable outlook.

Ming Shing Group Holdings Limited Business Overview & Revenue Model

Company Description

Ming Shing Group Holdings Limited, through its subsidiaries, engages in wet trades works. The company's works include plastering, tile laying, brick laying, floor screeding, and marble works in Hong Kong. It serves public and private sectors. The company was incorporated in 2022 and is based in San Po Kong, Hong Kong.

How the Company Makes Money

Ming Shing Group Holdings Limited generates revenue through multiple key streams, including the sale of electronic components and consumer products, logistics services, and supply chain solutions. By manufacturing and trading high-demand electronic parts, the company capitalizes on the growing market for consumer electronics and automotive industries. Additionally, MSW offers logistics services that enhance operational efficiency for clients, which further contributes to its revenue. Strategic partnerships with key players in the electronics and logistics sectors enable MSW to expand its market reach and optimize its supply chain, thereby improving its earnings. The company also benefits from economies of scale and cost efficiencies in its manufacturing processes, enhancing its overall profitability.

Ming Shing Group Holdings Limited Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	33.85M	27.57M	21.87M	14.38M	6.15M
Gross Profit	-1.31M	5.09M	3.49M	2.63M	1.12M
EBITDA	-5.15M	3.37M	3.52M	2.25M	1.50M
Net Income	-5.73M	2.33M	2.79M	1.80M	1.27M
Balance Sheet
Total Assets	13.42M	11.89M	8.28M	5.60M	2.42M
Cash, Cash Equivalents and Short-Term Investments	249.92K	1.08M	323.96K	217.79K	314.54K
Total Debt	7.74M	7.03M	5.62M	3.15M	1.21M
Total Liabilities	12.44M	10.89M	7.90M	5.44M	1.96M
Stockholders Equity	983.98K	998.26K	382.89K	159.76K	458.31K
Cash Flow
Free Cash Flow	-7.97M	1.31M	779.94K	-151.56K	636.06K
Operating Cash Flow	-7.97M	2.46M	795.33K	-151.56K	636.06K
Investing Cash Flow	10.26K	-1.15M	35.90K	56.39K	3.34K
Financing Cash Flow	7.13M	-553.37K	-725.06K	-1.58K	-349.55K

Ming Shing Group Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.30
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MSW, the sentiment is Negative. The current price of 2.3 is below the 20-day moving average (MA) of 2.65, above the 50-day MA of 2.20, and below the 200-day MA of 4.19, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 41.90 is Neutral, neither overbought nor oversold. The STOCH value of 24.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MSW.

Ming Shing Group Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WLDN	73 Outperform	$1.37B	37.54	14.68%	―	13.82%	96.16%
AMRC	68 Neutral	$2.03B	33.96	6.36%	―	22.85%	8.26%
GLDD	66 Neutral	$789.43M	10.65	15.93%	―	24.40%	61.44%
ESOA	60 Neutral	$182.49M	63.98	5.24%	0.57%	9.52%	-88.22%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SUNE	49 Neutral	$5.01M	―	-167.99%	―	-13.50%	97.08%
MSW	40 Underperform	$33.61M	64.07	-578.91%	―	23.25%	-343.35%

Ming Shing Group Holdings Limited Corporate Events

Ming Shing Group Expands Board with Strategic Appointments

On September 22, 2025, Ming Shing Group Holdings Limited announced the expansion of its board of directors with the appointment of Han Yan as a non-independent executive director and Chief Operating Officer, and Qiuxian Qiao as an independent non-executive director. Mr. Yan, with a background in business administration and Web3 applications, and Ms. Qiao, with extensive experience in auditing and finance, are expected to bring valuable insights and enhance corporate governance. This strategic move reflects the company’s commitment to strengthening its leadership team to support future business development.

Ming Shing Group Adopts Home Country Governance Exemption

Ming Shing Group Holdings Limited, a company incorporated in the Cayman Islands and listed on the Nasdaq Capital Market, has elected to rely on the home country rule exemption under Nasdaq Listing Rule 5615(a)(3). This decision allows the company to follow its home country corporate governance practices instead of certain Nasdaq requirements, including those related to shareholder approval for securities issuance and annual meetings. This move, certified by their Cayman Islands counsel, aligns the company’s governance with local laws while maintaining compliance with Nasdaq standards.

Ming Shing Group Holdings Enters Bitcoin Purchase Agreement

On August 20, 2025, Ming Shing Group Holdings Limited entered into a Bitcoin purchase agreement with Winning Mission Group Limited to acquire 4,250 Bitcoins for approximately $482.96 million. The transaction involves a convertible promissory note and a warrant to purchase ordinary shares, with the closing expected by December 31, 2025. Additionally, an assignment agreement was made with Rich Plenty Investment Limited, assigning 50% of the consideration value. This strategic move positions Ming Shing to potentially leverage Bitcoin’s market dynamics, impacting its financial strategy and shareholder value.