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Oriental Watch Holdings
(0398)
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Rating:70Neutral
Price Target:
HK$3.50
▲(4.79% Upside)
Action:Downgraded
Date:10/26/26
The score is primarily supported by solid financial resilience (low leverage and positive cash generation) and attractive valuation (low P/E and high dividend yield). Offsetting these positives are pressured earnings/margins versus 2022–2023 and weak near-term technical momentum (RSI below 50, negative MACD, and price below key short-term moving averages).
Positive Factors
Conservative balance sheet
Low and improving leverage reduces financial risk and preserves flexibility during periods of weaker demand. A stable equity base also gives Oriental Watch capacity to sustain operations, fund retail priorities, and manage earnings volatility without excessive reliance on borrowing.
Negative Factors
Limited revenue momentum
Broadly flat revenue indicates limited expansion in the company’s current retail and trading footprint over several years. Without stronger top-line growth, operating leverage and the ability to increase earnings through greater sales scale remain constrained over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low and improving leverage reduces financial risk and preserves flexibility during periods of weaker demand. A stable equity base also gives Oriental Watch capacity to sustain operations, fund retail priorities, and manage earnings volatility without excessive reliance on borrowing.
Read all positive factors
Oriental Watch Holdings (0398) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.54B
Dividend Yield6.21%
Average Volume (3M)404.48K
Price to Earnings (P/E)8.6
Beta (1Y)0.18
Revenue Growth-0.78%
EPS Growth-10.18%
CountryHK
Employees567
SectorConsumer Cyclical
Sector Strength84
IndustryLuxury Goods
Share Statistics
EPS (TTM)0.37
Shares Outstanding487,358,220
10 Day Avg. Volume320,031
30 Day Avg. Volume404,483
Financial Highlights & Ratios
PEG Ratio-0.91
Price to Book (P/B)0.89
Price to Sales (P/S)0.47
P/FCF Ratio6.13
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
Oriental Watch Holdings Business Overview & Revenue Model
Company Description
Oriental Watch Holdings Limited operates as an investment holding company primarily engaged in the retail and distribution of timepieces. Its market reach extends across Hong Kong, Macau, Taiwan, and mainland China. The company features a wide arr...
Oriental Watch Holdings Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
80
Positive
Cash Flow
72
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.42B | 3.45B | 3.64B | 3.70B | 3.64B |
| Gross Profit | 967.74M | 1.09B | 1.15B | 1.05B | 1.05B |
| EBITDA | 460.76M | 507.87M | 522.97M | 587.15M | 675.67M |
| Net Income | 180.10M | 200.50M | 250.49M | 295.43M | 362.57M |
Balance Sheet | |||||
| Total Assets | 2.29B | 2.24B | 2.39B | 2.62B | 2.88B |
| Cash, Cash Equivalents and Short-Term Investments | 961.22M | 847.89M | 910.86M | 1.09B | 1.29B |
| Total Debt | 210.37M | 195.26M | 266.43M | 352.12M | 470.12M |
| Total Liabilities | 476.60M | 488.73M | 591.51M | 723.33M | 843.11M |
| Stockholders Equity | 1.81B | 1.75B | 1.79B | 1.89B | 2.04B |
Cash Flow | |||||
| Free Cash Flow | 262.44M | 263.44M | 293.50M | 399.52M | 679.29M |
| Operating Cash Flow | 310.57M | 288.09M | 346.99M | 446.49M | 752.12M |
| Investing Cash Flow | 65.69M | 24.07M | -67.84M | -61.71M | -97.64M |
| Financing Cash Flow | -293.42M | -363.95M | -423.46M | -530.65M | -457.74M |
Oriental Watch Holdings Technical Analysis
Positive
3.34
Price Trends
3.18
Negative
3.15
Positive
3.17
Positive
Market Momentum
>-0.01
Positive
48.72
Neutral
27.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0398, the sentiment is Positive. The current price of 3.34 is above the 20-day moving average (MA) of 3.18, above the 50-day MA of 3.18, and above the 200-day MA of 3.17, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 48.72 is Neutral, neither overbought nor oversold. The STOCH value of 27.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0398.
Oriental Watch Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$1.85B | 3.22 | 9.96% | 8.00% | 8.83% | 109.28% | |
71 Outperform | HK$2.28B | 9.08 | 6.71% | 9.32% | 3.51% | 27.91% | |
70 Neutral | HK$1.54B | 8.57 | 9.99% | 6.21% | -0.78% | -10.18% | |
65 Neutral | HK$1.72B | -17.16 | -2.87% | 68.21% | -21.99% | -138.89% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
47 Neutral | HK$591.95M | -4.16 | -3.03% | 3.75% | -4.85% | 60.69% | |
38 Underperform | HK$60.44M | -0.31 | -108.23% | 0.27% | ― | ― |
* Consumer Cyclical Sector Average
HK:0398
Oriental Watch Holdings
3.19
0.13
4.39%
HK:0256
Citychamp Watch & Jewellery Group
0.11
-0.07
-39.34%
HK:0113
Dickson Concepts (International)
5.95
1.15
23.83%
HK:0887
Emperor Watch & Jewellery
0.25
-0.01
-3.85%
HK:3389
Hengdeli Holdings
0.09
0.05
137.84%
HK:0444
Sincere Watch (Hong Kong)
0.01
0.00
0.00%
Oriental Watch Holdings Corporate Events
Oriental Watch Shareholders Back All AGM Resolutions, Approve Dividends and Mandates
Aug 20, 2026
Oriental Watch Holdings reported that all resolutions at its 20 August 2026 annual general meeting were approved by shareholders via poll voting. Key items included adoption of the audited financial statements for the year ended 31 March 2026, dec...
Oriental Watch Updates Bermuda Registered Office While Hong Kong Share Services Unchanged
Jul 31, 2026
Oriental Watch Holdings Limited has announced a change of its registered office, principal share registrar, and transfer agent address in Bermuda, effective 3 August 2026. The company’s Bermuda office will relocate to Richmond House on Par-l...
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.