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Wing On Co. International Ltd. (0289) AI Stock Analysis
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Wing On Co. International Ltd.
(HKEX:0289)
The score is held back primarily by weak and volatile operating performance (declining revenue and sizable losses in 2024–2025), partially offset by a very conservative balance sheet and improved 2025 cash generation. Technical indicators are broadly neutral, while valuation is supported by a high dividend yield but tempered by a negative P/E due to losses.
Wing On Co. International Ltd. (0289) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 3.63B
- Dividend Yield
- 7.86%
- Average Volume (3M)
- 25.49K
- Price to Earnings (P/E)
- -13.4
- Beta (1Y)
- 0.10
- Revenue Growth
- -1.82%
- EPS Growth
- 67.15%
- Country
- Hong Kong
- Employees
- 499
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Department Stores
Wing On Co. International Ltd. Business Overview & Revenue Model
Company Description
Wing On Company International Limited conducts its main business through department store operations across Hong Kong, mainland China, Australia, and the United States. The company's activities are broadly categorized into two principal divisions: re...
How the Company Makes Money
Wing On Co. International Ltd. makes money primarily through real estate-related cash flows. The core revenue stream is rental and related income earned from leasing investment properties (e.g., commercial and/or other property spaces) to tenants, ty...
Wing On Co. International Ltd. Financial Statement Overview
Summary
Balance sheet strength (very low leverage) supports financial stability, but the income statement is a major drag: revenue has drifted lower and profitability has been highly volatile with large losses in 2024–2025. Cash flow improved in 2025 with positive operating and free cash flow, but the volatility in cash generation limits confidence in durability.
Income Statement
34NegativeBalance Sheet
86Very PositiveCash Flow
62Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 866.41M | 851.97M | 946.23M | 1.06B | 1.04B | 1.13B |
| Gross Profit | 453.61M | 450.30M | 578.49M | 662.43M | 667.82M | 738.36M |
| EBITDA | 185.44M | 216.46M | -774.97M | 241.19M | -108.76M | 459.40M |
| Net Income | -271.56M | -330.50M | -919.11M | 123.36M | -300.95M | 552.50M |
Balance Sheet | ||||||
| Total Assets | 17.74B | 17.66B | 18.07B | 19.72B | 19.90B | 20.64B |
| Cash, Cash Equivalents and Short-Term Investments | 4.96B | 4.73B | 4.29B | 4.19B | 4.04B | 4.12B |
| Total Debt | 117.18M | 19.81M | 96.20M | 53.39M | 20.84M | 75.61M |
| Total Liabilities | 1.44B | 1.17B | 1.21B | 1.34B | 1.32B | 1.39B |
| Stockholders Equity | 16.27B | 16.46B | 16.83B | 18.36B | 18.55B | 19.22B |
Cash Flow | ||||||
| Free Cash Flow | 234.02M | 182.86M | 15.84M | 191.84M | -6.25M | 100.42M |
| Operating Cash Flow | 333.59M | 209.77M | 21.68M | 211.40M | -6.25M | 100.42M |
| Investing Cash Flow | -720.99M | 82.98M | 98.01M | 290.68M | -755.33M | 279.71M |
| Financing Cash Flow | -264.60M | -373.84M | -236.37M | -343.60M | -197.03M | -377.50M |
Wing On Co. International Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0289, the sentiment is Negative. The current price of 12.60 is below the 20-day moving average (MA) of 12.76, below the 50-day MA of 12.84, and below the 200-day MA of 13.22, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 36.85 is Neutral, neither overbought nor oversold. The STOCH value of 18.46 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0289.
Wing On Co. International Ltd. Peers Comparison
Overall Rating
- HK:028959Neutral
HK:213649Neutral
HK:024444Neutral
HK:031244Neutral
HK:082541Neutral
HK:098440Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| HK:0289 | 59Neutral | HKD 3.62B | -13.40 | -1.66% | 7.86% | -1.82% | 67.15% |
| HK:2136 | 49Neutral | HKD 827.41M | -63.92 | -0.12% | ― | 2.73% | 84.54% |
| HK:0244 | 44Neutral | HKD 407.33M | -7.18 | 230.49% | ― | -12.57% | -49.50% |
| HK:0312 | 44Neutral | HKD 84.82M | -0.76 | -14.50% | ― | 0.84% | -437.97% |
| HK:0825 | 41Neutral | HKD 418.16M | -0.54 | -23.92% | ― | -10.14% | -3168.67% |
| HK:0984 | 40Underperform | HKD 59.28M | -0.17 | 32.83% | ― | -3.13% | 9.97% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:0289 | Wing On Co. International Ltd. | 12.60 | 0.36 | 2.95% | |
| HK:2136 | Lifestyle China Group | 0.56 | 0.15 | 35.82% | |
| HK:0825 | New World Department Store China Limited | 0.25 | -0.06 | -20.00% | |
| HK:0984 | AEON Stores (Hong Kong) Co., Limited | 0.23 | -0.18 | -44.39% | |
| HK:0244 | Sincere Co. Ltd. | 0.31 | -0.01 | -3.13% | |
| HK:0312 | Shirble Department Store Holdings (China) Ltd. | 0.03 | -0.05 | -59.52% |
Wing On Co. International Ltd. Corporate Events
Wing On Expects Narrowed Interim Loss but Weaker Underlying Profit
Wing On Company International Ltd. has issued a profit alert indicating a significantly reduced loss for the six months ended 30 June 2026, with loss attributable to shareholders narrowing to about HK$91.4 million from HK$150.3 million a year earlier...
Wing On Shareholders Back All AGM Resolutions, Renew Board and Mandates
Wing On Company International Ltd. reported that all resolutions at its 15 June 2026 annual general meeting were approved by shareholders via poll, with no abstentions or voting restrictions and Tricor Investor Services acting as scrutineer. Sharehol...
Wing On Announces Retirement of Independent Director and Audit Committee Changes
Wing On Company International Ltd. has announced the retirement of independent non-executive director Miss Tam Wai Chu Maria, who has also stepped down from the Audit Committee at the conclusion of the company’s annual general meeting on 15 Jun...
Wing On Sets Out Board Line-Up and Committee Roles
Wing On Company International Ltd., incorporated in Bermuda and listed in Hong Kong under stock code 289, is overseen by a board comprising executive and independent non-executive directors. The company maintains standard governance practices through...
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: Aug 06, 2026