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Vietnam Manufacturing & Export Processing (Holdings) Ltd.
(0422)
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Rating:51Neutral
Price Target:
HK$0.26
▼(-1.54% Downside)
Action:Reiterated
Date:09/17/26
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.
Positive Factors
Improved Leverage
Lower leverage improves financial flexibility by reducing balance-sheet pressure and potentially limiting financing costs. Compared with prior periods, the reduced debt-to-equity ratio gives the company more capacity to withstand volatility and allocate resources toward operations or investment.
Negative Factors
Revenue Contraction
Recent revenue contraction signals weakening demand, reduced business activity, or pressure on the company’s ability to expand its sales base. If sustained over the next several quarters, lower scale could make it harder to absorb fixed costs and restore consistent profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Leverage
Lower leverage improves financial flexibility by reducing balance-sheet pressure and potentially limiting financing costs. Compared with prior periods, the reduced debt-to-equity ratio gives the company more capacity to withstand volatility and allocate resources toward operations or investment.
Read all positive factors
Vietnam Manufacturing & Export Processing (Holdings) Ltd. (0422) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$245.07M
Dividend Yield4.49%
Average Volume (3M)29.07K
Price to Earnings (P/E)9.8
Beta (1Y)0.19
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. Volume31,500
30 Day Avg. Volume29,066
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...
Vietnam Manufacturing & Export Processing (Holdings) Ltd. Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
62
Positive
Cash Flow
49
Neutral
| 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 | 8.43M | -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
Positive
0.26
Price Trends
0.26
Positive
0.26
Positive
0.27
Negative
Market Momentum
<0.01
Negative
55.02
Neutral
55.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0422, the sentiment is Positive. The current price of 0.26 is below the 20-day moving average (MA) of 0.26, below the 50-day MA of 0.26, and below the 200-day MA of 0.27, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.02 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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$344.00M | 3.82 | 37.98% | 4.10% | -7.53% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | HK$315.40M | 3.74 | 6.65% | 8.23% | 0.41% | ― | |
54 Neutral | HK$217.09M | -2.30 | -10.87% | 9.26% | 2.86% | -63.19% | |
52 Neutral | HK$263.10M | -3.79 | -6.97% | 12.45% | -2.99% | -111.29% | |
51 Neutral | HK$245.07M | 9.83 | -6.30% | 4.49% | -17.38% | ― | |
50 Neutral | HK$268.44M | -1.98 | -10.95% | 4.00% | -16.20% | -324.90% |
* Consumer Cyclical Sector Average
HK:0422
Vietnam Manufacturing & Export Processing (Holdings) Ltd.
0.27
-0.16
-37.21%
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Vietnam Manufacturing & Export Processing (Holdings) Ltd. Corporate Events
Vietnam Manufacturing & Export Processing Swings to Interim Loss as Revenue Falls
Aug 11, 2026
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 halv...
Vietnam Manufacturing & Export Processing Warns of First-Half Loss Amid Market Shift
Jul 31, 2026
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. It...
Vietnam Manufacturing & Export Processing Sets August Board Meeting for Interim Results
Jul 30, 2026
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 figures...
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 ...
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.