Hong Kong Economic Times Holdings (0423) AI Stock Analysis

• Market Cap: HK$353.91M
• Dividend Yield: 9.76%
• Average Volume (3M): 121.87K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.22
• Revenue Growth: -13.01%
• EPS Growth: -165.84%
• Country: HK
• Employees: 1,054
• Sector: Communication Services
• Sector Strength: 97
• Industry: Publishing
• EPS (TTM): >-0.01
• Shares Outstanding: 431,600,000
• 10 Day Avg. Volume: 50,800
• 30 Day Avg. Volume: 121,866
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 51 Neutral
• Price Target: HK$1.00 ▲(23.46% Upside)

The overall stock score reflects significant financial performance challenges, with declining revenues and profitability. A strong balance sheet provides some stability, but cash flow issues and a negative P/E ratio highlight ongoing financial stress. Technical indicators suggest limited momentum, while a high dividend yield offers some appeal for income investors.

Hong Kong Economic Times Holdings Business Overview & Revenue Model

Company Description

Hong Kong Economic Times Holdings Limited (0423) is a leading media and financial news company based in Hong Kong. The company operates in several sectors, including media and publishing, financial news and information, and lifestyle content. Its core products and services include the publication of the Hong Kong Economic Times newspaper, digital financial news platforms, and various lifestyle and investment-related content. The company is recognized for providing comprehensive and timely financial news and analysis, catering to both individual investors and corporate clients.

How the Company Makes Money

Hong Kong Economic Times Holdings makes money through a diversified revenue model primarily driven by advertising, subscription fees, and content sales. A significant portion of its revenue comes from advertising across its various media platforms, including print, digital, and interactive media. The company's financial news platforms attract a substantial audience, which is appealing to advertisers looking to target a financially savvy demographic. Additionally, subscription fees from its digital platforms and specialized financial information services contribute to its income. The company may also generate revenue from the sale of lifestyle and investment-related publications and content. Partnerships with financial institutions and other corporate clients for tailored content and business services are also important factors that bolster its earnings.

Hong Kong Economic Times Holdings Financial Statement Overview

Summary

The company faces operational challenges with declining revenues, negative EBIT, and net income. The balance sheet is robust with low leverage, but cash flow issues raise liquidity concerns.

Income Statement

The company has faced declining revenue over the past few years, leading to negative EBIT and net income for the latest period. Gross profit margin remains reasonable, but negative net profit and EBIT margins indicate operational struggles.

Balance Sheet

The balance sheet shows strong equity and a low debt-to-equity ratio, suggesting financial stability. However, the decline in equity over the past year reflects financial stress. The equity ratio remains healthy, indicating a strong asset base.

Cash Flow

The company's cash flow generation has weakened, with negative free cash flow in the latest period. Operating cash flow is negative, putting pressure on liquidity. Despite this, past periods show potential for positive cash flow generation.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	803.73M	803.73M	923.89M	1.02B	1.04B	999.94M
Gross Profit	336.70M	336.70M	371.99M	422.81M	461.81M	415.65M
EBITDA	-14.99M	-1.35M	124.52M	81.55M	94.40M	92.00M
Net Income	-35.69M	-35.69M	54.22M	27.46M	33.02M	30.92M
Balance Sheet
Total Assets	1.07B	1.07B	1.17B	1.20B	1.20B	1.20B
Cash, Cash Equivalents and Short-Term Investments	459.78M	459.78M	526.47M	464.16M	460.95M	470.48M
Total Debt	8.70M	8.70M	2.14M	11.97M	3.16M	18.82M
Total Liabilities	238.68M	238.68M	260.44M	304.80M	292.70M	284.87M
Stockholders Equity	807.79M	807.79M	886.19M	871.20M	885.34M	891.44M
Cash Flow
Free Cash Flow	-24.14M	-31.00M	-27.52M	56.94M	47.15M	130.67M
Operating Cash Flow	-10.73M	-17.59M	-2.59M	82.97M	100.56M	150.87M
Investing Cash Flow	101.38M	108.25M	53.42M	-176.47M	91.03M	-96.04M
Financing Cash Flow	-51.46M	-51.46M	-53.80M	-53.12M	-57.16M	-48.18M

Hong Kong Economic Times Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.81
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0423, the sentiment is Positive. The current price of 0.81 is below the 20-day moving average (MA) of 0.82, below the 50-day MA of 0.83, and above the 200-day MA of 0.74, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.59 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0423.

Hong Kong Economic Times Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2230	72 Outperform	HK$491.04M	9.16	8.70%	6.38%	32.53%	7.06%
0018	61 Neutral	HK$851.26M	15.98	3.08%	5.63%	-13.34%	-30.03%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
0423	51 Neutral	HK$353.91M	―	-4.21%	9.76%	-13.01%	-165.84%
1105	49 Neutral	HK$220.14M	―	-5.12%	―	-7.76%	-55.96%
0205	44 Neutral	HK$320.22M	―	-6.02%	―	-4.13%	76.38%
2008	43 Neutral	HK$779.01M	―	-9.70%	―	-13.10%	13.01%

Hong Kong Economic Times Holdings Corporate Events

Hong Kong Economic Times Holdings AGM Resolutions Passed Successfully

At the annual general meeting held on July 31, 2025, Hong Kong Economic Times Holdings Limited successfully passed all proposed resolutions, including the adoption of financial statements, declaration of a final dividend, re-election of directors, and granting of mandates for share issuance and buybacks. This approval reflects strong shareholder support and positions the company to continue its strategic initiatives, potentially enhancing its market position and operational capabilities.