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Wong's International Holdings
(0099)
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Rating:62Neutral
Price Target:
HK$1.50
▲(20.00% Upside)
Action:Reiterated
Date:10/03/26
The score is driven by mixed fundamentals: strong recent cash generation and manageable leverage are offset by declining revenue, back-to-back net losses, and significant gross-margin compression. Technicals are a clear positive with price trading above key moving averages and supportive momentum. Valuation is reasonable with a moderate P/E and a ~3.37% dividend yield.
Positive Factors
Improved cash generation
Positive 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 decline
Three 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved cash generation
Positive 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.
Read all positive factors
Wong's International Holdings (0099) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$633.99M
Dividend Yield3.38%
Average Volume (3M)34.27K
Price to Earnings (P/E)13.8
Beta (1Y)0.31
Revenue Growth-9.35%
EPS GrowthN/A
CountryHK
Employees2,160
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.10
Shares Outstanding478,483,800
10 Day Avg. Volume41,100
30 Day Avg. Volume34,266
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.18
Price to Sales (P/S)0.24
P/FCF Ratio2.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 br...
Wong's International Holdings Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
62
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.49B | 2.53B | 2.66B | 3.19B | 3.47B | 3.26B |
| Gross Profit | 333.80M | 334.79M | 736.92M | 843.21M | 881.70M | 847.39M |
| EBITDA | 214.33M | 209.75M | -210.68M | 355.80M | 335.78M | 216.81M |
| Net Income | 43.75M | -165.07M | -837.46M | 152.73M | 112.44M | 89.47M |
Balance Sheet | ||||||
| Total Assets | 5.91B | 5.83B | 6.16B | 7.31B | 7.68B | 7.75B |
| Cash, Cash Equivalents and Short-Term Investments | 1.37B | 1.48B | 1.22B | 1.23B | 1.09B | 1.28B |
| Total Debt | 1.33B | 1.52B | 1.62B | 1.81B | 2.06B | 2.12B |
| Total Liabilities | 2.35B | 2.43B | 2.64B | 2.84B | 3.27B | 3.27B |
| Stockholders Equity | 3.56B | 3.41B | 3.52B | 4.47B | 4.41B | 4.48B |
Cash Flow | ||||||
| Free Cash Flow | 78.46M | 203.65M | 182.67M | 322.05M | -61.03M | -104.23M |
| Operating Cash Flow | 114.38M | 232.50M | 195.63M | 342.86M | 31.73M | -76.14M |
| Investing Cash Flow | -217.58M | -22.85M | -178.33M | 340.15M | 255.95M | -222.35M |
| Financing Cash Flow | -265.09M | -173.11M | -213.18M | -284.31M | -95.61M | -481.00K |
Wong's International Holdings Technical Analysis
Positive
1.25
Price Trends
1.20
Positive
1.23
Positive
1.25
Positive
Market Momentum
0.03
Negative
57.23
Neutral
91.36
Negative
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 below the 20-day moving average (MA) of 1.26, above the 50-day MA of 1.20, and above the 200-day MA of 1.25, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 57.23 is Neutral, neither overbought nor oversold. The STOCH value of 91.36 is Negative, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | HK$44.62B | 11.11 | 20.29% | 2.77% | 13.78% | 33.46% | |
66 Neutral | HK$619.90B | 16.10 | 12.35% | ― | 5.72% | -10.32% | |
62 Neutral | HK$633.99M | 13.79 | 1.26% | 3.38% | -9.35% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
51 Neutral | HK$5.63B | 5.34 | 4.82% | 2.76% | 5.05% | 241.01% | |
43 Neutral | HK$219.73M | -8.08 | -5.13% | 4.71% | -14.71% | 37.97% | |
42 Neutral | HK$196.98M | -1.95 | -5.19% | 0.57% | -16.64% | 55.52% |
* Technology Sector Average
HK:0099
Wong's International Holdings
1.33
-0.10
-7.21%
HK:0751
Skyworth Digital Holdings
2.88
-1.75
-37.77%
HK:2369
Coolpad Group
0.49
-0.77
-61.11%
HK:1070
TCL Electronics Holdings
18.00
7.62
73.38%
HK:1810
Xiaomi
23.94
-29.41
-55.13%
HK:0927
Fujikon Industrial Holdings Limited
0.43
-0.24
-36.09%
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 largel...
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 ...
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 t...
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 relo...
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.