Ming Shing Group Holdings Limited (MSW) AI Stock Analysis

• Market Cap: $19.84M
• Dividend Yield: N/A
• Average Volume (3M): 29.55K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.65
• 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: 36,082
• 30 Day Avg. Volume: 29,552
• 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: 0.00
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 40 Neutral
• Price Target: $1.50 ▼(-1.96% Downside)

The overall stock score is primarily impacted by significant financial challenges and weak technical indicators. The negative P/E ratio and lack of dividend yield further contribute to a low valuation score, making the stock less attractive.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand for MSW's products and services, suggesting potential for future expansion and market penetration.

Strategic Board Appointments

New board appointments with experienced professionals can enhance corporate governance and strategic oversight, supporting long-term business development.

Diversified Revenue Streams

Diversified revenue sources reduce dependency on a single market, providing stability and resilience against sector-specific downturns.

Negative Factors

High Leverage

High leverage increases financial risk and limits flexibility, potentially impacting the company's ability to invest in growth opportunities.

Negative Cash Flows

Negative cash flows indicate liquidity challenges, which could hinder operational efficiency and limit strategic investments in the long term.

Profitability Challenges

Persistent profitability issues suggest operational inefficiencies and could undermine the company's ability to sustain growth and shareholder value.

Ming Shing Group Holdings Limited Business Overview & Revenue Model

Company Description

Ming Shing Group Holdings Limited (MSW) is a diversified investment holding company based in Hong Kong, primarily engaged in the manufacturing and trading of electronic components, as well as providing logistics and supply chain management services. The company operates in various sectors, including electronics, logistics, and technology, focusing on delivering high-quality products and services to a global clientele. MSW's core offerings include the production of consumer electronics, automotive components, and specialized electronic parts, along with comprehensive logistics solutions that facilitate the efficient movement of goods across regions.

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: 1.53
• 50DMA: Negative
• 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 1.53 is below the 20-day moving average (MA) of 1.85, below the 50-day MA of 2.24, and below the 200-day MA of 3.33, indicating a bearish trend. The MACD of -0.18 indicates Positive momentum. The RSI at 38.70 is Neutral, neither overbought nor oversold. The STOCH value of 54.55 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
GLDD	76 Outperform	$860.87M	10.68	17.37%	―	12.53%	35.68%
WLDN	76 Outperform	$1.49B	36.23	16.38%	―	12.90%	72.61%
AMRC	61 Neutral	$1.83B	29.35	6.31%	―	12.22%	17.41%
ESOA	60 Neutral	$147.36M	51.66	5.24%	1.02%	9.52%	-88.22%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SUNE	44 Neutral	$4.56M	―	-116.57%	―	-1.41%	98.90%
MSW	40 Neutral	$19.84M	―	-578.91%	―	23.25%	-343.35%

Ming Shing Group Holdings Limited Corporate Events

Ming Shing Group Holdings Limited Announces Board Changes

On November 6, 2025, Ming Shing Group Holdings Limited announced the resignation of Yu Yuan as an independent director for personal reasons, with no disagreements with the company. Concurrently, the company appointed Wan-Jung Sun as an independent non-executive director, who will also serve as chairman of the nominating and corporate governance committee, and as a member of both the audit and compensation committees. Ms. Sun’s extensive experience in business administration is expected to enhance the company’s corporate governance and oversight.

Ming Shing Group’s Director Secures $1.6M Note with Share Pledge

On October 30, 2025, Ming Shing Group Holdings Limited announced that Mr. Chi Ming Lam, a non-independent director of the company, executed a secured promissory note with Relaxandrinks Limited, a UK-based company. The note involves a principal sum of $1.6 million, secured by a pledge of 5,400,000 ordinary shares of Ming Shing Group Holdings. This agreement includes a stock pledge agreement, allowing the note holder to potentially gain control of the pledged shares if Mr. Lam defaults on payment. This could lead to a change in control of the company, impacting its operations and shareholder structure.

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.