OTCPK:MSGN.F

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Executive Summary

Man Sang International Limited, an investment holding company, engages in the development, leasing, and sale of properties in the People’s Republic of China.


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has Man Sang International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MSGN.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

MSGN.F

14.7%

US Real Estate

3.8%

US Market


1 Year Return

-18.0%

MSGN.F

-7.5%

US Real Estate

9.7%

US Market

Return vs Industry: MSGN.F underperformed the US Real Estate industry which returned -15.7% over the past year.

Return vs Market: MSGN.F underperformed the US Market which returned 9.2% over the past year.


Shareholder returns

MSGN.FIndustryMarket
7 Day0%14.7%3.8%
30 Day2.5%26.7%11.4%
90 Dayn/a-13.3%6.8%
1 Year-18.0%-18.0%-6.9%-7.5%12.1%9.7%
3 Year-8.9%-8.9%-6.5%-8.6%36.2%27.2%
5 Year-75.2%-75.2%-13.8%-16.5%63.7%45.4%

Price Volatility Vs. Market

How volatile is Man Sang International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Man Sang International undervalued compared to its fair value and its price relative to the market?

1.45x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MSGN.F's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MSGN.F's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MSGN.F is unprofitable, so we can't compare its PE Ratio to the Real Estate industry average.

PE vs Market: MSGN.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MSGN.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MSGN.F is overvalued based on its PB Ratio (1.4x) compared to the US Real Estate industry average (1.1x).


Next Steps

Future Growth

How is Man Sang International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.9%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Man Sang International has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Take a look at our analysis of MSGN.F’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Man Sang International's filings and announcements here.
  • Explore growth companies in the Real Estate industry.

Past Performance

How has Man Sang International performed over the past 5 years?

-54.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MSGN.F is currently unprofitable.

Growing Profit Margin: MSGN.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MSGN.F is unprofitable, and losses have increased over the past 5 years at a rate of -54% per year.

Accelerating Growth: Unable to compare MSGN.F's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MSGN.F is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-6.4%).


Return on Equity

High ROE: MSGN.F has a negative Return on Equity (-25.65%), as it is currently unprofitable.


Next Steps

Financial Health

How is Man Sang International's financial position?


Financial Position Analysis

Short Term Liabilities: MSGN.F's short term assets (HK$588.9M) exceed its short term liabilities (HK$407.9M).

Long Term Liabilities: MSGN.F's short term assets (HK$588.9M) do not cover its long term liabilities (HK$2.3B).


Debt to Equity History and Analysis

Debt Level: MSGN.F's debt to equity ratio (402.5%) is considered high.

Reducing Debt: MSGN.F's debt to equity ratio has increased from 18.1% to 402.5% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MSGN.F has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: MSGN.F has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 29.6% each year.


Next Steps

Dividend

What is Man Sang International's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MSGN.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MSGN.F's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MSGN.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MSGN.F's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MSGN.F is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MSGN.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.7yrs

Average management tenure


CEO

Haohao Xu (35yo)

0.75

Tenure

Mr. Haohao Xu serves as Chief Executive Officer at Man Sang International Limited since September 2, 2019. He has been the Chairman and Executive Director of CWT Limited since November 20, 2017. Mr. Xu has ...


Leadership Team

NamePositionTenureCompensationOwnership
Xingrong Hu
Chairman of the board2.08yrsHK$1.55m62.84% HK$68.0m
Xiaohai Huang
Executive Director2.08yrsHK$548.00kno data
Jianggui Jin
Executive Director1.58yrsHK$243.00kno data
Zhenyu Li
Executive Director1.58yrsHK$243.00kno data
Haohao Xu
CEO & Executive Director0.75yrno datano data
Haoliang Cheng
Group Chief Financial Officer0.67yrno datano data
Wing Yan Ho
Company Secretary0.67yrno datano data
Xiao Xia Hou
Chief Accountant of Man Hingno datano datano data
Kwok Wing Hung
Assistant to Chairmanno datano datano data

0.7yrs

Average Tenure

46.5yo

Average Age

Experienced Management: MSGN.F's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Xingrong Hu
Chairman of the board2.08yrsHK$1.55m62.84% HK$68.0m
Xiaohai Huang
Executive Director2.08yrsHK$548.00kno data
Jianggui Jin
Executive Director1.58yrsHK$243.00kno data
Zhenyu Li
Executive Director1.58yrsHK$243.00kno data
Haohao Xu
CEO & Executive Director0.75yrno datano data
Yee Pau
Independent Non-Executive Director1.58yrsHK$89.00kno data
Kwan Wong
Independent Non Executive Director1.58yrsHK$89.00kno data
Hoi Yuen
Independent Non Executive Director1.58yrsHK$89.00kno data

1.6yrs

Average Tenure

45.5yo

Average Age

Experienced Board: MSGN.F's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Man Sang International Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Man Sang International Limited
  • Ticker: MSGN.F
  • Exchange: OTCPK
  • Founded:
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$838.716m
  • Listing Market Cap: HK$108.220m
  • Shares outstanding: 1.91b
  • Website: https://www.msil.com.hk

Number of Employees


Location

  • Man Sang International Limited
  • Eight Commercial Tower
  • Unit WF, 25th Floor
  • Chai Wan
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
938SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDSep 1997
MSGN.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDSep 1997

Biography

Man Sang International Limited, an investment holding company, engages in the development, leasing, and sale of properties in the People’s Republic of China. Its property portfolio include the Chongqing Property. The company is based in Chai Wan, Hong Kong. Man Sang International Limited is a subsidiary of China DaDi Group Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 04:04
End of Day Share Price2020/05/28 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.