Man Wah Holdings Ltd. Repurchases 5 Million Shares for HK$26.7 Million in 1999
June 2, 2023
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Man Wah ($SEHK:01999) Holdings Ltd. is a Hong Kong-based furniture manufacturer with operations in Mainland China. It specializes in sofas, sofabeds, and furniture for the residential and hospitality markets. This was done to expand the company’s stock liquidity and help maintain an appropriate capital structure.
The repurchase had a positive effect on the company’s stock price and could potentially improve shareholder value. This was a wise move on the part of Man Wah management as it would provide them with greater control over the company’s destiny.
Market Price
Following the announcement, the company’s stock opened at HK$5.2 and closed at HK$5.1, a decrease of 1.9% from the prior closing price of HK$5.2. This repurchase marked the company’s first buyback since it was listed on the Hong Kong Stock Exchange in 1999. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Man Wah. More…
| Total Revenues | Net Income | Net Margin |
| 17.35k | 1.91k | 11.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Man Wah. More…
| Operations | Investing | Financing |
| 3.34k | -1.1k | -844.19 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Man Wah. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 19.64k | 7.11k | 2.95 |
Key Ratios Snapshot
Some of the financial key ratios for Man Wah are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.6% | 8.6% | 14.5% |
| FCF Margin | ROE | ROA |
| 7.2% | 14.0% | 8.0% |
Analysis
At GoodWhale, we conducted an analysis of MAN WAH‘s financials. The results of our detailed analysis led us to conclude that MAN WAH is a medium risk investment. We took into consideration the financial and business aspects of the company to come to our conclusion. GoodWhale has detected a risk warning in MAN WAH’s income sheet. If you register with us, you can check out the details of the risk warning. We believe that by analyzing risk warnings, investors can make more informed decisions when it comes to investing in companies. More…
Peers
The competition between Man Wah Holdings Ltd and its competitors, Pacific Legend Group Ltd, Samson Holding Ltd, and E Lighting Group Holdings Ltd, is fierce and intense. All four companies are striving to gain a competitive advantage in the market while continuing to provide superior products and services to their customers. With the markets changing rapidly, each company is exploring new strategies to stay ahead of the competition.
– Pacific Legend Group Ltd ($SEHK:08547)
Pacific Legend Group Ltd is a leading apparel and accessories company based in Hong Kong. The company designs, manufactures and distributes apparel and accessories for men, women, and children. It has a market cap of 84.48M as of 2022, which indicates the size and value of the company’s total shares. Pacific Legend Group Ltd has a Return on Equity (ROE) of -24.16%, meaning that for every dollar of equity, the company is generating a loss of 24.16 cents. This means that investors have not been receiving returns on their investments in the company and it is having difficulty creating or maintaining profits.
– Samson Holding Ltd ($SEHK:00531)
Samson Holding Ltd is a multinational company based in Hong Kong that specializes in industrial and consumer products. The company’s current market cap is 907.74M as of 2022, which makes it a large-cap stock. Additionally, the company has a Return on Equity of 5.33%, indicating that it is able to generate a good return on investors’ equity. This strong return on equity is a sign of the company’s financial strength and indicates that it is well-positioned to continue growing in the future.
– E Lighting Group Holdings Ltd ($SEHK:08222)
E Lighting Group Holdings Ltd is a Hong Kong-based lighting manufacturing and distribution company. The company specializes in the design and manufacture of interior, exterior and street lighting, as well as providing lighting solutions for commercial and residential customers. With a market cap of 18.94 million as of 2022, E Lighting Group Holdings Ltd is a relatively small player in the lighting industry. However, the company’s Return on Equity (ROE) of 3.6% indicates that the company is operating efficiently, generating more returns relative to its equity base. This suggests that the company is well positioned to continue to grow and gain market share in its field.
Summary
Man Wah Holdings Limited recently repurchased 5 million of its own shares for HK$26.7 million. This is a strategic move for the company, as it can provide greater control and ownership of the company to its shareholders. It can also help to reduce the amount of outstanding shares in the market, thus increasing the worth of each individual share and improving shareholder value.
This type of investing strategy can aid Man Wah in managing its finances, improving its stock liquidity, and helping to increase its return on investment. It is a wise move for current investors and could help to attract new investors looking to benefit from Man Wah’s growth potential.
