Upcoming Dividend • Jun 30
Upcoming dividend of HK$0.09 per share Eligible shareholders must have bought the stock before 07 July 2026. Payment date: 22 July 2026. Payout ratio is a comfortable 51% and the cash payout ratio is 86%. Trailing yield: 8.0%. Within top quartile of Hong Kong dividend payers (7.6%). Higher than average of industry peers (6.2%). Live News • Jun 14
Man Wah Holdings Invests in SoMo Home Expansion With Automation and Workforce Growth Man Wah Holdings is installing new equipment and technology at its recently acquired U.S. businesses Southern Motion and Fusion Furniture, now operating under the SoMo Home brand.
The company is investing millions in automation and robotics to raise production efficiency while sending SoMo Home employees to China for training.
SoMo Home plans to add workers and target materially higher revenue over the next three to five years under new leadership and Man Wah’s broader corporate vision.
The focus on automation, training and capacity build-out at SoMo Home points to Man Wah using its manufacturing expertise to try to lift productivity and scale in its North American operations.
Investors may want to watch how these capital investments and hiring plans affect Man Wah’s cost base, integration progress and the mix of revenue between China and overseas markets over the next several years. Announcement • Jun 09
Man Wah Holdings Limited Announces Board and Committee Changes Man Wah Holdings Limited announced that Mr. Chau Shing Yim, David had informed the Board that he would not offer himself for re-election as a Director at the forthcoming annual general meeting of the Company to be held on July 3, 2026, as he had decided to focus on his other business commitment. Accordingly, he will retire from his office as an independent non-executive Director effective from the conclusion of the AGM. Following his retirement, Mr. Chau will cease to be the Chairman of the Audit Committee and a member of each of the Nomination Committee and the Remuneration Committee of the Board. Following the conclusion of the AGM, Mr. Yang Siu Shun will be appointed as the Chairman of the Audit Committee and Mr. Lam Yin Shing, Donald will be appointed as a member of each of the Audit Committee and the Nomination Committee. Live News • Jun 06
Man Wah Holdings Repurchases HK$7.5 Million in Shares Signaling Board Confidence Man Wah Holdings has bought back 2,000,000 of its own shares on the market for about HK$7.5 million under an existing shareholder mandate.
The repurchased shares are intended to be cancelled, which would reduce the total number of shares in issue.
The board cited strong operational cash flow and said the buyback is aimed at improving shareholder returns, with the possibility of further repurchases depending on market conditions.
A buyback and cancellation reduce share count, so each remaining share represents a slightly larger stake in the company, which can be supportive for per-share metrics if operating performance holds up.
Since any additional buybacks are discretionary and subject to market conditions, you should treat this as a signal of current board confidence rather than a guaranteed, ongoing capital return program. Major Estimate Revision • May 22
Consensus EPS estimates fall by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2027 has deteriorated. 2027 revenue forecast decreased from HK$17.3b to HK$17.0b. EPS estimate also fell from HK$0.587 per share to HK$0.467 per share. Net income forecast to shrink 0.01% next year vs 33% growth forecast for Consumer Durables industry in Hong Kong . Consensus price target down from HK$5.46 to HK$5.01. Share price fell 9.8% to HK$3.58 over the past week. Price Target Changed • May 19
Price target decreased by 8.2% to HK$5.11 Down from HK$5.56, the current price target is an average from 9 analysts. New target price is 37% above last closing price of HK$3.74. Stock is down 12% over the past year. The company is forecast to post earnings per share of HK$0.47 for next year compared to HK$0.47 last year. Declared Dividend • May 17
Final dividend of HK$0.09 announced Shareholders will receive a dividend of HK$0.09. Ex-date: 7th July 2026 Payment date: 22nd July 2026 Dividend yield will be 6.0%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 7.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 16
Full year 2026 earnings: EPS and revenues miss analyst expectations Full year 2026 results: EPS: HK$0.47 (down from HK$0.53 in FY 2025). Revenue: HK$16.4b (down 2.8% from FY 2025). Net income: HK$1.81b (down 12% from FY 2025). Profit margin: 11% (down from 12% in FY 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Announcement • May 15
Man Wah Holdings Limited, Annual General Meeting, Jul 03, 2026 Man Wah Holdings Limited, Annual General Meeting, Jul 03, 2026. Announcement • Mar 30
Man Wah Holdings Limited to Report Fiscal Year 2026 Results on May 15, 2026 Man Wah Holdings Limited announced that they will report fiscal year 2026 results on May 15, 2026 Reported Earnings • Nov 20
First half 2026 earnings released: EPS: HK$0.29 (vs HK$0.29 in 1H 2025) First half 2026 results: EPS: HK$0.29 (up from HK$0.29 in 1H 2025). Revenue: HK$8.04b (down 3.1% from 1H 2025). Net income: HK$1.15b (flat on 1H 2025). Profit margin: 14% (in line with 1H 2025). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Declared Dividend • Nov 16
First half dividend of HK$0.15 announced Shareholders will receive a dividend of HK$0.15. Ex-date: 1st December 2025 Payment date: 17th December 2025 Dividend yield will be 5.3%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 7.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Sep 30
Man Wah Holdings Limited to Report Q2, 2026 Results on Nov 14, 2025 Man Wah Holdings Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Upcoming Dividend • Jun 27
Upcoming dividend of HK$0.12 per share Eligible shareholders must have bought the stock before 04 July 2025. Payment date: 23 July 2025. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 6.2%. Lower than top quartile of Hong Kong dividend payers (7.3%). In line with average of industry peers (6.0%). Major Estimate Revision • May 22
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from HK$18.4b to HK$17.2b. EPS estimate also fell from HK$0.637 per share to HK$0.565 per share. Net income forecast to grow 5.1% next year vs 25% growth forecast for Consumer Durables industry in Hong Kong. Consensus price target down from HK$5.88 to HK$5.55. Share price fell 6.2% to HK$4.10 over the past week. Declared Dividend • May 17
Final dividend of HK$0.12 announced Shareholders will receive a dividend of HK$0.12. Ex-date: 4th July 2025 Payment date: 23rd July 2025 Dividend yield will be 6.4%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 16
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: HK$0.53 (down from HK$0.59 in FY 2024). Revenue: HK$16.9b (down 8.2% from FY 2024). Net income: HK$2.06b (down 10% from FY 2024). Profit margin: 12% (in line with FY 2024). Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • May 15
Man Wah Holdings Limited, Annual General Meeting, Jun 30, 2025 Man Wah Holdings Limited, Annual General Meeting, Jun 30, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to HK$3.58, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 42% over the past three years. Announcement • Mar 28
Man Wah Holdings Limited to Report Fiscal Year 2025 Results on May 15, 2025 Man Wah Holdings Limited announced that they will report fiscal year 2025 results on May 15, 2025 Recent Insider Transactions • Feb 14
Chairman recently bought HK$22m worth of stock On the 10th of February, Man Li Wong bought around 5m shares on-market at roughly HK$4.43 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Man Li has been a buyer over the last 12 months, purchasing a net total of HK$35m worth in shares. Price Target Changed • Feb 10
Price target decreased by 10% to HK$6.22 Down from HK$6.92, the current price target is an average from 10 analysts. New target price is 43% above last closing price of HK$4.36. Stock is down 5.0% over the past year. The company is forecast to post earnings per share of HK$0.59 for next year compared to HK$0.59 last year. Price Target Changed • Nov 26
Price target decreased by 8.2% to HK$7.09 Down from HK$7.72, the current price target is an average from 12 analysts. New target price is 57% above last closing price of HK$4.52. Stock is down 13% over the past year. The company is forecast to post earnings per share of HK$0.63 for next year compared to HK$0.59 last year. Declared Dividend • Nov 25
First half dividend of HK$0.15 announced Dividend of HK$0.15 is the same as last year. Ex-date: 10th December 2024 Payment date: 8th January 2025 Dividend yield will be 6.6%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (84% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 24
First half 2025 earnings released: EPS: HK$0.29 (vs HK$0.29 in 1H 2024) First half 2025 results: EPS: HK$0.29 (up from HK$0.29 in 1H 2024). Revenue: HK$8.31b (down 7.1% from 1H 2024). Net income: HK$1.14b (flat on 1H 2024). Profit margin: 14% (up from 13% in 1H 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Announcement • Nov 22
Man Wah Holdings Limited Announces Interim Dividend for the Period Ended 30 September 2024, Payable on 08 January 2025 Man Wah Holdings Limited announced interim dividend of HKD 0.15 per share for the period ended 30 September 2024. Ex-dividend date is 10 December 2024. Record date is 13 December 2024. Payment date is 08 January 2025. Announcement • Oct 18
Man Wah Holdings Limited to Report Q2, 2025 Results on Nov 22, 2024 Man Wah Holdings Limited announced that they will report Q2, 2025 results on Nov 22, 2024 Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to HK$5.57, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$9.54 per share. Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to HK$5.14, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$9.31 per share. Price Target Changed • Sep 10
Price target decreased by 8.5% to HK$7.77 Down from HK$8.49, the current price target is an average from 11 analysts. New target price is 87% above last closing price of HK$4.15. Stock is down 28% over the past year. The company is forecast to post earnings per share of HK$0.64 for next year compared to HK$0.59 last year. Upcoming Dividend • Jun 27
Upcoming dividend of HK$0.15 per share Eligible shareholders must have bought the stock before 04 July 2024. Payment date: 22 July 2024. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 5.5%. Lower than top quartile of Hong Kong dividend payers (7.9%). Higher than average of industry peers (4.4%). Announcement • Jun 25
Man Wah Holdings Limited Approves Final Dividend for the Year Ended 31 March 2024, Payable on or Before 22 July 2024 Man Wah Holdings Limited at the AGM held on 24 June 2024, approved final dividend of 15 HK cents per share for the year ended 31 March 2024. The final dividend will be paid to the Shareholders on or before 22 July 2024. Price Target Changed • May 18
Price target increased by 11% to HK$7.94 Up from HK$7.18, the current price target is an average from 12 analysts. New target price is 7.8% above last closing price of HK$7.37. Stock is up 38% over the past year. The company is forecast to post earnings per share of HK$0.67 for next year compared to HK$0.59 last year. Declared Dividend • May 18
Final dividend increased to HK$0.15 Dividend of HK$0.15 is 50% higher than last year. Ex-date: 4th July 2024 Payment date: 22nd July 2024 Dividend yield will be 4.1%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 18
Man Wah Holdings Limited, Annual General Meeting, Jun 24, 2024 Man Wah Holdings Limited, Annual General Meeting, Jun 24, 2024. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$7.37, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$8.02 per share. Announcement • May 17
Man Wah Holdings Limited Proposes Final Dividend for the Year Ended 31 March 2024, Payable on 2 July 2024 Man Wah Holdings Limited proposed final dividend of HKD 0.15 per share for the year ended 31 March 2024. Date of shareholders' approval is 24 June 2024. Ex-dividend date is 04 July 2024. Record date is 10 July 2024. Payment date is 22 July 2024. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$5.62, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 62% over the past three years. Announcement • Mar 02
Man Wah Holdings Limited to Report Fiscal Year 2024 Results on May 16, 2024 Man Wah Holdings Limited announced that they will report fiscal year 2024 results on May 16, 2024 Price Target Changed • Dec 02
Price target decreased by 7.3% to HK$7.58 Down from HK$8.18, the current price target is an average from 13 analysts. New target price is 47% above last closing price of HK$5.16. Stock is down 30% over the past year. The company is forecast to post earnings per share of HK$0.57 for next year compared to HK$0.49 last year. Announcement • Nov 23
Man Wah Holdings Limited Declares Interim Dividend for the Six Months Ended September 30, 2023, Payable on 2 January 2024 As disclosed in the Announcement, the Board of Man Wah Holdings Limited had declared an interim dividend of HKD 15.0 cents per share for the six months ended 30 September 2023, which is expected to be paid on or before 21 December 2023. The Board hereby announces that the expected payment date of the Interim Dividend will be changed to 2 January 2024. Upcoming Dividend • Nov 21
Upcoming dividend of HK$0.15 per share at 4.5% yield Eligible shareholders must have bought the stock before 28 November 2023. Payment date: 21 December 2023. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of Hong Kong dividend payers (8.3%). Higher than average of industry peers (4.0%). Reported Earnings • Nov 17
First half 2024 earnings released: EPS: HK$0.29 (vs HK$0.28 in 1H 2023) First half 2024 results: EPS: HK$0.29 (up from HK$0.28 in 1H 2023). Revenue: HK$8.94b (down 3.8% from 1H 2023). Net income: HK$1.14b (up 4.0% from 1H 2023). Profit margin: 13% (in line with 1H 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Announcement • Nov 17
Man Wah Holdings Limited Declares Interim Dividend for the Six Months Ended September 30, 2023, Payable on December 21, 2023 Man Wah Holdings Limited announced the interim (Semi-annual) dividend of HKD 0.15 per share for the six months ended September 30, 2023. Ex-dividend date is November 28, 2023. Record date is December 1, 2023. Payment date is December 21, 2023. Announcement • Oct 28
Man Wah Holdings Limited to Report First Half, 2024 Results on Nov 15, 2023 Man Wah Holdings Limited announced that they will report first half, 2024 results on Nov 15, 2023 Recent Insider Transactions • Sep 21
Chairman recently bought HK$18m worth of stock On the 18th of September, Man Li Wong bought around 3m shares on-market at roughly HK$5.85 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Man Li has been a buyer over the last 12 months, purchasing a net total of HK$52m worth in shares. Recent Insider Transactions Derivative • Jul 01
Chairman exercised options to buy HK$632k worth of stock. On the 28th of June, Man Li Wong exercised options to buy 121k shares at a strike price of around HK$3.91, costing a total of HK$472k. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. Since September 2022, Man Li has owned 2.40b shares directly. Company insiders have collectively bought HK$203m more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Jul 01
Man Wah Holdings Limited Declares Final Dividend for the Year Ended 31 March 2023, Payable on or Before 20 July 2023 Man Wah Holdings Limited at its AGM held on 30 June 2023 approved to declare a final dividend of HKD 0.10 cents per share for the year ended 31 March 2023. The final dividend will be paid to the Shareholders on or before 20 July 2023. Upcoming Dividend • Jun 27
Upcoming dividend of HK$0.10 per share at 4.8% yield Eligible shareholders must have bought the stock before 04 July 2023. Payment date: 20 July 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Hong Kong dividend payers (7.8%). Higher than average of industry peers (3.6%). Announcement • May 31
Man Wah Holdings Limited Announces Executive Changes, Effective 1 June 2023 The board of directors of Man Wah Holdings Limited announced that Ms. Liu Xiaoting has resigned as the company secretary of the Company with effect from 1 June 2023. Mr. Zhang Xian will be appointed as the Company Secretary with effect from 1 June 2023. Mr. Zhang graduated with a bachelor of business administration degree in professional accountancy from the Chinese University of Hong Kong in 2009 and a master's degree in business administration from the Hong Kong University of Science and Technology in 2019. He is a member of the Hong Kong Institute of Certified Public Accountants. He has over 13 years of experience in auditing, accounting and financial management. Ms. Liu will cease to be the authorised representative of the Company for the purpose of Rule 3.05 of the Rules Governing the Listing of Securities on the Stock Exchange and the authorised representative of the Company for accepting on the Company's behalf service of process or notice to be served on the Company in Hong Kong under the Companies Ordinance (Chapter 622 of the Laws of Hong Kong), and Mr. Zhang will be appointed as the Authorised Representative for the purposes of the Listing Rules and the Companies Ordinance, with effect from 1 June 2023. Price Target Changed • May 16
Price target decreased by 8.8% to HK$8.64 Down from HK$9.47, the current price target is an average from 11 analysts. New target price is 54% above last closing price of HK$5.62. Stock is down 24% over the past year. The company is forecast to post earnings per share of HK$0.61 for next year compared to HK$0.49 last year. Reported Earnings • May 16
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: HK$0.49 (down from HK$0.57 in FY 2022). Revenue: HK$17.4b (down 19% from FY 2022). Net income: HK$1.91b (down 15% from FY 2022). Profit margin: 11% (in line with FY 2022). Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$6.95, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Consumer Durables industry in Hong Kong. Total returns to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$9.28 per share.