MS Group Holdings (HKSE:01451) Intangible Assets : HK$0.0 Mil (As of Dec. 2023)

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What is MS Group Holdings Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. MS Group Holdings's intangible assets for the quarter that ended in Dec. 2023 was HK$0.0 Mil.

MS Group Holdings Intangible Assets Historical Data

The historical data trend for MS Group Holdings's Intangible Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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MS Group Holdings Intangible Assets Chart

MS Group Holdings Annual Data

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Intangible Assets

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MS Group Holdings Semi-Annual Data
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MS Group Holdings Intangible Assets Calculation

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.

MS Group Holdings (HKSE:01451) Intangible Assets Explanation

If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.

The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.

Some intangibles are amortized. Amortization is the depreciation of intangible assets.

Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.

Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.

If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.

Intangibles acquired are on balance sheet at fair value.

Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.

One of the reasons competitive advantage power can remain hidden for so long.

Be Aware

Companies may change the way intangible assets are amortized, and this will affect their reported earnings.

MS Group Holdings Intangible Assets Related Terms

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MS Group Holdings (HKSE:01451) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » MS Group Holdings Ltd (HKSE:01451) » Definitions » Intangible Assets

Comparable Companies

Traded in Other Exchanges

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Address

9 Sheung Yuet Road, Room 907, 9th Floor, Enterprise Square Tower 1, Kowloon Bay, Hong Kong, HKG

Website

http://www.mainsuccess.cn

MS Group Holdings Ltd produces and sells plastic bottles and baby feeding accessories. Its operating segments are the OEM business which comprises the production and sales of plastic bottles and cups for infants and toddlers and plastic sports bottles on an OEM basis predominately for the overseas markets; and the Yo Yo Monkey Business, which comprises the production and sales of infant and toddler products, particularly plastic bottles and cups, under the brand developed by the Group and known as Yo Yo Monkey, principally for the PRC market, and the majority of the revenue comes from the OEM business. Its revenue is mainly derived from the United States of America; also has a presence in the Netherlands, Italy, the PRC, and other countries.

Executives

Chau Ching	2101 Beneficial owner
Cheung Hau Ling	2202 Interest of your spouse
Chung Kwok Keung Peter	2101 Beneficial owner
Lee Yiu Chee Eugenia	2202 Interest of your spouse
Ching Wai Holdings Limited	2101 Beneficial owner
L.v.e.p. Holdings Limited	2101 Beneficial owner

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