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Vietnam Manufacturing & Export Processing (Holdings) Ltd. (0422) AI Stock Analysis
Vietnam Manufacturing & Export Processing (Holdings) Ltd.
(HKEX:0422)
The score is held back mainly by unstable financial performance (recent revenue decline and a return to losses, with deeply negative EBITDA) and mildly weak technical momentum (price below key moving averages and slightly negative MACD). A relatively low P/E provides some valuation support but does not fully offset the operating and trend risks.
Vietnam Manufacturing & Export Processing (Holdings) Ltd. (0422) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 231.46M
- Dividend Yield
- ―
- Average Volume (3M)
- 37.30K
- Price to Earnings (P/E)
- 9.3
- Beta (1Y)
- 0.21
- Revenue Growth
- -17.38%
- EPS Growth
- ―
- Country
- Hong Kong
- Employees
- 933
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Auto - Recreational Vehicles
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 mo...
Vietnam Manufacturing & Export Processing (Holdings) Ltd. Financial Statement Overview
Summary
Overall financial quality is fair but unstable: revenue is down ~9.1% TTM and profitability turned negative (net margin ~-3.8%), while EBITDA is deeply negative (margin ~-29.3%) despite a positive EBIT margin (~7.4%). The balance sheet is reasonably positioned with improved leverage (debt-to-equity ~0.46), but ROE is negative (~-6.3%) due to losses. Cash flow is positive in TTM (OCF ~2.4M; FCF ~2.1M) yet has been highly erratic year-to-year, reducing confidence in durability.
Income Statement
44NeutralBalance Sheet
62PositiveCash Flow
49Neutral| 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 | -2.82M | 8.43M | -2.60M | 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 | 2.06M | -11.51M | 9.02M | -3.87M | -360.20K | -5.17M |
| Operating Cash Flow | 2.40M | -11.16M | 9.50M | -3.41M | 324.06K | -4.77M |
| Investing Cash Flow | 28.01M | 23.92M | -2.25M | 9.76M | -4.29M | -4.62M |
| Financing Cash Flow | -24.10M | 2.50M | -9.27M | 762.07K | 4.09M | 4.12M |
Vietnam Manufacturing & Export Processing (Holdings) Ltd. Technical Analysis
Price Trends
Market Momentum
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 below the 20-day moving average (MA) of 0.27, below the 50-day MA of 0.26, and below the 200-day MA of 0.27, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 45.92 is Neutral, neither overbought nor oversold. The STOCH value of 28.89 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
Overall Rating
HK:252865Neutral
HK:029457Neutral- HK:042251Neutral
HK:031150Neutral
HK:332244Neutral
HK:117042Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:2528 | 65Neutral | HKD 268.00M | 3.04 | 37.98% | ― | -7.53% | ― |
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| HK:0294 | 57Neutral | HKD 206.75M | -2.13 | -10.87% | 10.00% | 2.86% | -63.19% |
| HK:0422 | 51Neutral | HKD 231.46M | 9.29 | -6.30% | ― | -17.38% | ― |
| HK:0311 | 50Neutral | HKD 341.26M | 4.04 | 6.65% | 7.61% | 0.41% | ― |
| HK:3322 | 44Neutral | HKD 244.04M | -1.80 | -10.95% | ― | -16.20% | -324.90% |
| HK:1170 | 42Neutral | HKD 269.68M | -3.84 | -6.97% | 12.30% | -2.99% | -111.29% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:0422 | Vietnam Manufacturing & Export Processing (Holdings) Ltd. | 0.26 | -0.04 | -15.00% | |
| HK:1170 | Kingmaker Footwear Holdings | 0.41 | -0.04 | -8.48% | |
| HK:0311 | Luen Thai Holdings Limited | 0.33 | 0.11 | 49.32% | |
| HK:3322 | Win Hanverky Holdings Limited | 0.19 | -0.01 | -5.00% | |
| HK:0294 | Yangtzekiang Garment Co. Ltd. | 1.00 | 0.23 | 30.04% | |
| HK:2528 | Forward Fashion (International) Holdings Company Limited | 0.67 | 0.41 | 157.69% |
Vietnam Manufacturing & Export Processing (Holdings) Ltd. Corporate Events
Vietnam Manufacturing & Export Processing Swings to Interim Loss as Revenue Falls
Vietnam Manufacturing & Export Processing (Holdings) Ltd. reported a sharp decline in interim results for the six months ended 30 June 2026, with revenue falling to about US$37.8 million from US$46.6 million a year earlier. Gross profit nearly ha...
Vietnam Manufacturing & Export Processing Warns of First-Half Loss Amid Market Shift
Vietnam Manufacturing & Export Processing (Holdings) Ltd., a Hong Kong-listed manufacturer and exporter of motorcycles and related products, derives most of its business from internal combustion engine models in Vietnam and key overseas markets....
Vietnam Manufacturing & Export Processing Sets August Board Meeting for Interim Results
Vietnam Manufacturing & Export Processing (Holdings) Ltd. has scheduled a board meeting for 11 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026. The company plans to publish these interim figur...
Vietnam Manufacturing & Export Processing Wins Unanimous Backing at 2026 AGM
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 supervise...
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: Sep 17, 2026