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Vietnam Manufacturing & Export Processing (Holdings) Ltd.
(0422)
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Rating:46Neutral
Price Target:
HK$0.26
▼(-1.92% Downside)
Action:Reiterated
Date:07/11/26
The score is held back primarily by weak financial performance—especially the return to losses and negative operating/free cash flow in TTM—despite a relatively stable balance sheet with improving leverage. Technicals add modest downside/neutral pressure with price below key moving averages and slightly negative MACD. Valuation is a partial offset due to a low P/E, but the lack of dividend yield and inconsistent earnings reduce its positive impact.
Positive Factors
Improving leverage
Lower debt-to-equity in the trailing twelve months signals materially improved leverage. Reduced financial gearing enhances solvency and interest coverage, increasing the firm's resilience to cyclical downturns and preserving financing optionality for 2-6 months and beyond.
Negative Factors
Negative operating and free cash flow
Recurring negative operating and free cash flow across multiple recent years signals persistent cash burn risk. Structurally weak cash conversion limits reinvestment, forces reliance on external financing or reserves, and weakens the firm's ability to fund operations without strategic change.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage
Lower debt-to-equity in the trailing twelve months signals materially improved leverage. Reduced financial gearing enhances solvency and interest coverage, increasing the firm's resilience to cyclical downturns and preserving financing optionality for 2-6 months and beyond.
Read all positive factors
Vietnam Manufacturing & Export Processing (Holdings) Ltd. (0422) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$240.54M
Dividend Yield4.49%
Average Volume (3M)28.10K
Price to Earnings (P/E)9.8
Beta (1Y)0.13
Revenue Growth-17.38%
EPS GrowthN/A
CountryHK
Employees933
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Recreational Vehicles
Share Statistics
EPS (TTM)<0.01
Shares Outstanding907,680,000
10 Day Avg. Volume43,400
30 Day Avg. Volume28,100
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)0.70
Price to Sales (P/S)0.39
P/FCF Ratio-2.94
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
Vietnam Manufacturing & Export Processing (Holdings) Ltd. Business Overview & Revenue Model
Company Description
Vietnam Manufacturing and Export Processing (Holdings) Limited functions as an investment holding company, primarily involved in the production and sale of scooters, cub motorbikes, and their related spare parts and engines throughout Vietnam. Its...
How the Company Makes Money
null...
Vietnam Manufacturing & Export Processing (Holdings) Ltd. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
56
Neutral
Cash Flow
30
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 76.65M | 87.01M | 81.14M | 105.15M | 132.90M | 93.02M |
| Gross Profit | 5.22M | 7.55M | 7.29M | 15.49M | 13.56M | 5.86M |
| EBITDA | -22.44M | 8.45M | -2.65M | 4.61M | 1.67M | -6.57M |
| Net Income | -1.55M | 4.65M | -3.84M | 1.69M | -200.35K | -5.57M |
Balance Sheet | ||||||
| Total Assets | 86.86M | 103.73M | 103.36M | 106.11M | 127.02M | 113.71M |
| Cash, Cash Equivalents and Short-Term Investments | 50.55M | 58.91M | 54.39M | 53.98M | 55.30M | 50.58M |
| Total Debt | 21.49M | 37.84M | 35.94M | 45.05M | 42.60M | 36.76M |
| Total Liabilities | 40.13M | 55.23M | 58.38M | 54.97M | 76.14M | 61.12M |
| Stockholders Equity | 46.72M | 48.49M | 44.98M | 51.13M | 50.88M | 52.59M |
Cash Flow | ||||||
| Free Cash Flow | -4.45M | -11.51M | 9.02M | -3.87M | -360.20K | -5.17M |
| Operating Cash Flow | -4.11M | -11.16M | 9.50M | -3.41M | 324.06K | -4.77M |
| Investing Cash Flow | 25.42M | 23.92M | -2.25M | 9.76M | -4.29M | -4.62M |
| Financing Cash Flow | -22.41M | 2.50M | -9.27M | 762.07K | 4.09M | 4.12M |
Vietnam Manufacturing & Export Processing (Holdings) Ltd. Technical Analysis
Negative
0.26
Price Trends
0.27
Negative
0.27
Negative
0.28
Negative
Market Momentum
>-0.01
Negative
48.33
Neutral
45.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0422, the sentiment is Negative. The current price of 0.26 is above the 20-day moving average (MA) of 0.26, below the 50-day MA of 0.27, and below the 200-day MA of 0.28, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.33 is Neutral, neither overbought nor oversold. The STOCH value of 45.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0422.
Vietnam Manufacturing & Export Processing (Holdings) Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$356.00M | 4.05 | 37.98% | 4.10% | -7.53% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | HK$330.92M | 3.74 | 6.65% | 8.23% | 0.41% | ― | |
54 Neutral | HK$207.78M | -2.07 | -10.87% | 2.05% | 2.86% | -63.19% | |
52 Neutral | HK$263.10M | -3.75 | -6.97% | 12.61% | -2.99% | -111.29% | |
51 Neutral | HK$244.04M | -1.80 | -10.95% | 4.00% | -16.20% | -324.90% | |
46 Neutral | HK$240.54M | 9.84 | -6.30% | 4.49% | -17.38% | ― |
* Consumer Cyclical Sector Average
HK:0422
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0.27
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Vietnam Manufacturing & Export Processing (Holdings) Ltd. Corporate Events
Vietnam Manufacturing & Export Processing Wins Unanimous Backing at 2026 AGM
Jun 29, 2026
Vietnam Manufacturing Export Processing (Holdings) Ltd. reported that all resolutions tabled at its 29 June 2026 annual general meeting were approved by shareholders via poll. The meeting, chaired by board chairperson Yeh Huei Fen and supervised ...
Vietnam Manufacturing & Export Processing Swings to Q1 Loss on Weaker Margins
May 13, 2026
Vietnam Manufacturing Export Processing (Holdings) Ltd., a Cayman Islands–incorporated manufacturer and exporter listed in Hong Kong, reported its unaudited results for the three months ended 31 March 2026. The group operates production fac...
Vietnam Manufacturing & Export Processing Schedules Board Meeting to Approve Q1 2026 Results
Apr 29, 2026
Vietnam Manufacturing Export Processing (Holdings) Ltd. has scheduled a board meeting for 13 May 2026 to review and approve the group’s unaudited quarterly results for the three months ended 31 March 2026 and to arrange for their publicatio...
Vietnam Manufacturing & Export Processing Sets 2026 AGM, Seeks Expanded Share Issuance Mandate
Apr 29, 2026
Vietnam Manufacturing Export Processing (Holdings) Ltd. has called its annual general meeting for 29 June 2026 in Hukou, Hsinchu, Taiwan, where shareholders will review the audited financial statements for the year ended 31 December 2025 and the ...
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.