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Wong's International Holdings (0099) AI Stock Analysis

HK:0099

Wong's International Holdings

(HKEX:0099)

Select Model
Rating:64Neutral
Price Target:HKD 1.50â–²(20.00% Upside)
Action:reiterated
Date:10/03/26

The stock scores moderately due to weak revenue growth and thin, recently negative margins being partially offset by a stable balance sheet and a clear recovery in operating and free cash flow. Supporting this, technicals show a steady uptrend without signs of excessive speculation, while valuation and dividend yield appear reasonable but not compelling enough to outweigh the underlying profitability challenges.

Positive Factors
Improved cash generationPositive operating and free cash flow in 2024–2025, including 203.6M of 2025 free cash flow and 26.1% growth, indicates improved cash conversion despite reported losses. This strengthens internal funding capacity and provides greater flexibility for ongoing operations and investment.
Negative Factors
Three-year revenue declineThree consecutive years of revenue contraction indicate weakening business scale and make sustained earnings improvement more difficult. Continued top-line pressure can reduce operating leverage, limit reinvestment capacity, and leave the company more exposed to further profit volatility.

Wong's International Holdings (0099) vs. iShares MSCI Hong Kong ETF (EWH)

-30%-20%-10%0%10%20%30%HK:0099-0.32%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 598.10M
Dividend Yield
3.59%
Average Volume (3M)
66.94K
Price to Earnings (P/E)
13.0
Beta (1Y)
0.15
Revenue Growth
-9.35%
EPS Growth
―
Country
Hong Kong
Employees
2,160
Sector
Technology
Sector Strength
61
Industry
Hardware, Equipment & Parts

Wong's International Holdings Business Overview & Revenue Model

Company Description

Wong's International Holdings Limited, through its various subsidiaries, operates as an international entity primarily engaged in the design, fabrication, promotion, and supply of electronic goods. Its market reach extends across Hong Kong, the broad...

Wong's International Holdings Financial Statement Overview

Summary

Overall financial performance is mixed: revenues have declined and net margins are weak with recent losses, but leverage is manageable and operating cash flow has recovered with positive free cash flow, supporting short- to medium-term viability despite profitability risks.

Income Statement

42Neutral

Balance Sheet

68Positive

Cash Flow

65Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue2.49B2.53B2.66B3.19B3.47B3.26B
Gross Profit333.80M334.79M736.92M843.21M881.70M847.39M
EBITDA214.33M209.75M-210.68M355.80M335.78M216.81M
Net Income43.75M-165.07M-837.46M152.73M112.44M89.47M
Balance Sheet
Total Assets5.91B5.83B6.16B7.31B7.68B7.75B
Cash, Cash Equivalents and Short-Term Investments1.37B1.48B1.22B1.23B1.09B1.28B
Total Debt1.33B1.52B1.62B1.81B2.06B2.12B
Total Liabilities2.35B2.43B2.64B2.84B3.27B3.27B
Stockholders Equity3.56B3.41B3.52B4.47B4.41B4.48B
Cash Flow
Free Cash Flow78.46M203.65M182.67M322.05M-61.03M-104.23M
Operating Cash Flow114.38M232.50M195.63M342.86M31.73M-76.14M
Investing Cash Flow-217.58M-22.85M-178.33M340.15M255.95M-222.35M
Financing Cash Flow-265.09M-173.11M-213.18M-284.31M-95.61M-481.00K

Wong's International Holdings Technical Analysis

Technical Analysis SentimentPositive
Last Price1.25

Price Trends

50DMA1.21Positive
100DMA1.23Positive
200DMA1.25Negative

Market Momentum

MACD0.00Negative
RSI53.26Neutral
STOCH60.32Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0099, the sentiment is Positive. The current price of 1.25 is above the 20-day moving average (MA) of 1.25, above the 50-day MA of 1.21, and below the 200-day MA of 1.25, indicating a neutral trend. The MACD of 0.00 indicates Negative momentum. The RSI at 53.26 is Neutral, neither overbought nor oversold. The STOCH value of 60.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0099.

Wong's International Holdings Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

HK:0099 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:1070HK:107067NeutralHKD 38.32B9.3820.29%3.28%13.78%33.46%
HK:1810HK:181066NeutralHKD 676.65B17.6612.35%―5.72%-10.32%
HK:0099HK:009964NeutralHKD 598.10M13.011.26%3.59%-9.35%―
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
HK:0751HK:075150NeutralHKD 6.06B5.914.82%―5.05%241.01%
HK:0927HK:092743NeutralHKD 212.07M-7.89-5.13%4.82%-14.71%37.97%
HK:2369HK:236939UnderperformHKD 177.08M-1.77-5.19%―-16.64%55.52%

* Technology Sector Average

Performance Comparison

-50%0%50%100%HK:0099HK:0751HK:2369HK:1070HK:1810HK:0927Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:0099 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:0099Wong's International Holdings 1.25-0.00-0.32%
HK:0751Skyworth Digital Holdings3.21-0.81-20.15%
HK:2369Coolpad Group 0.45-0.63-58.41%
HK:1070TCL Electronics Holdings 15.206.2870.40%
HK:1810Xiaomi Corp Class B26.48-18.24-40.79%
HK:0927Fujikon Industrial Holdings Limited0.41-0.24-36.64%

Wong's International Holdings Corporate Events

Wong’s International Swings Back to Profit on Smaller Property Write-Downs

Aug 27, 2026

Wong’s International Holdings reported a sharp turnaround to a profit attributable to shareholders of HK$50.4 million for the six months ended 30 June 2026, compared with a loss of HK$158.4 million a year earlier. The swing was driven largely b...

Wong’s International Declares Interim Dividend for First Half of 2026

Aug 27, 2026

Wong’s International Holdings Limited is a Hong Kong-listed company engaged in industrial and commercial activities, with its shares traded under stock code 00099 on the Main Board of the Stock Exchange of Hong Kong. The company is overseen by...

Wong’s International Sets Board Meeting to Approve Interim Results and Dividend

Aug 17, 2026

Wong’s International Holdings has scheduled a board meeting for 27 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The board will also consider the declaration of an interim dividend, a decision that...

Wong’s International Updates Bermuda Registered Office Address

Jul 31, 2026

Wong’s International Holdings Limited has announced that its registered office address in Bermuda will change to Richmond House, 12 Par-la-Ville Road, Hamilton HM 08, Bermuda, effective 3 August 2026. The move reflects an administrative relocat...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 03, 2026