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Hong Kong Economic Times Holdings (0423) AI Stock Analysis
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Hong Kong Economic Times Holdings
(HKEX:0423)
The score is held down primarily by weakening financial performance (revenue declines, losses, and recent negative free cash flow). Technicals also remain bearish with the price below major moving averages and negative MACD, despite oversold signals. A high dividend yield provides some valuation support, while the very low leverage balance sheet reduces financial risk but does not offset the operational and cash flow deterioration.
Hong Kong Economic Times Holdings (0423) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 31.29M
- Dividend Yield
- 11.48%
- Average Volume (3M)
- 86.31K
- Price to Earnings (P/E)
- -6.1
- Beta (1Y)
- 0.14
- Revenue Growth
- -10.33%
- EPS Growth
- -20.44%
- Country
- Hong Kong
- Employees
- 958
- Sector
- Communication Services
- Sector Strength
- 60
- Industry
- Publishing
Hong Kong Economic Times Holdings Business Overview & Revenue Model
Company Description
Hong Kong Economic Times Holdings Limited operates primarily in Hong Kong as a diversified multimedia enterprise and an investment holding company. Its operations are structured into two principal divisions: Media, and Financial News Agency, Informat...
How the Company Makes Money
The company generates revenue primarily from monetising its media content and related services. Key revenue streams typically include: (1) Advertising and sponsorship sales across its media platforms (e.g., print publications and online/digital prope...
Hong Kong Economic Times Holdings Financial Statement Overview
Summary
Overall fundamentals are weak despite a strong balance sheet. The income statement has deteriorated with multi-year revenue declines and a shift from profits (FY2024) to losses (FY2025–FY2026), and cash flow quality is poor with negative free cash flow in FY2024–FY2026. The key offset is very low leverage and substantial equity, which reduces solvency risk but does not solve the operating downturn.
Income Statement
34NegativeBalance Sheet
78PositiveCash Flow
29Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 720.68M | 720.68M | 803.73M | 923.89M | 1.02B | 1.04B |
| Gross Profit | 313.94M | 313.94M | 336.70M | 371.99M | 422.81M | 461.81M |
| EBITDA | -13.67M | -7.94M | -1.35M | 124.52M | 81.55M | 94.40M |
| Net Income | -42.97M | -42.97M | -35.69M | 54.22M | 27.46M | 33.02M |
Balance Sheet | ||||||
| Total Assets | 967.92M | 967.92M | 1.07B | 1.17B | 1.20B | 1.20B |
| Cash, Cash Equivalents and Short-Term Investments | 413.31M | 413.31M | 459.78M | 526.47M | 464.16M | 460.95M |
| Total Debt | 1.32M | 1.32M | 8.70M | 2.14M | 11.97M | 3.16M |
| Total Liabilities | 215.43M | 215.43M | 238.68M | 260.44M | 304.80M | 292.70M |
| Stockholders Equity | 729.72M | 729.72M | 807.79M | 886.19M | 871.20M | 885.34M |
Cash Flow | ||||||
| Free Cash Flow | -4.62M | -4.62M | -31.00M | -27.52M | 56.94M | 47.15M |
| Operating Cash Flow | 2.52M | 2.52M | -17.59M | -2.59M | 82.97M | 100.56M |
| Investing Cash Flow | 8.25M | 8.25M | 108.25M | 53.42M | -176.47M | 91.03M |
| Financing Cash Flow | -42.57M | -42.57M | -51.46M | -53.80M | -53.12M | -57.16M |
Hong Kong Economic Times Holdings Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0423, the sentiment is Neutral. The current price of 0.61 is above the 20-day moving average (MA) of 0.61, below the 50-day MA of 0.63, and below the 200-day MA of 0.69, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 45.71 is Neutral, neither overbought nor oversold. The STOCH value of 72.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0423.
Hong Kong Economic Times Holdings Peers Comparison
Overall Rating
HK:081170Outperform
HK:051152Neutral- HK:042346.75Neutral
HK:110545Neutral
HK:200841Neutral
HK:109739Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:0811 | 70Outperform | HKD 18.85B | 13.65 | 9.47% | 8.14% | 0.72% | -6.18% |
| Sector * | 60Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
| HK:0511 | 52Neutral | HKD 798.50M | 8.55 | 4.06% | ― | -8.97% | ― |
| HK:0423 | 47Neutral | HKD 263.28M | -6.12 | -5.76% | 11.48% | -10.33% | -20.44% |
| HK:1105 | 45Neutral | HKD 168.18M | -2.14 | -5.10% | ― | -8.36% | 5.41% |
| HK:2008 | 41Neutral | HKD 516.84M | -3.94 | -4.76% | ― | 9.66% | 52.77% |
| HK:1097 | 39Underperform | HKD 356.73M | -0.64 | 21.89% | ― | -13.54% | -6.79% |
* Communication Services Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:0423 | Hong Kong Economic Times Holdings | 0.61 | -0.14 | -18.12% | |
| HK:1097 | I-Cable Communications Limited | 0.05 | -0.05 | -52.38% | |
| HK:2008 | Pphoenix Media Investment (Holdings) Limited | 1.03 | -0.54 | -34.08% | |
| HK:0811 | Xinhua Winshare Publishing & Media Co Class H | 8.35 | -1.19 | -12.51% | |
| HK:1105 | Sing Tao News Corporation Limited | 0.19 | -0.06 | -23.60% | |
| HK:0511 | Television Broadcasts Limited | 1.71 | -1.63 | -48.80% |
Hong Kong Economic Times Holdings Corporate Events
Hong Kong Economic Times Holdings Wins Strong Shareholder Backing at 2026 AGM
Shareholders of Hong Kong Economic Times Holdings Limited overwhelmingly approved all resolutions at the annual general meeting held on 6 August 2026, including adoption of the audited financial statements and a final dividend of HK4.0 cents per shar...
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: Oct 07, 2026