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Hong Kong Economic Times Holdings
(0423)
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Rating:50Neutral
Price Target:
HK$0.70
▲(7.69% Upside)
Action:Reiterated
Date:07/07/26
The score is held back primarily by deteriorating financial performance (losses, shrinking revenue, and negative free cash flow), partially offset by a very low-leverage balance sheet and a high dividend yield. Technical indicators add a modest drag due to weak trend and negative MACD.
Positive Factors
Very low leverage / strong balance sheet
Extremely low leverage and substantial equity provide durable financial flexibility and lower refinancing risk. This reduces the likelihood of distress during revenue cycles, supports optionality for strategic investments or dividend policy, and cushions operating volatility over the next several months.
Negative Factors
Swing to operating losses
The company moved from positive net margins to multi-year losses, indicating structural operating weakness. Persistent negative margins reduce retained earnings, constrain reinvestment, and raise the burden on cash reserves and the balance sheet to support operations over the coming 2–6 months.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
Extremely low leverage and substantial equity provide durable financial flexibility and lower refinancing risk. This reduces the likelihood of distress during revenue cycles, supports optionality for strategic investments or dividend policy, and cushions operating volatility over the next several months.
Read all positive factors
Hong Kong Economic Times Holdings (0423) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$280.54M
Dividend Yield10.77%
Average Volume (3M)32.63K
Price to Earnings (P/E)―
Beta (1Y)0.23
Revenue Growth-10.33%
EPS Growth-20.44%
CountryHK
Employees958
SectorCommunication Services
Sector Strength97
IndustryPublishing
Share Statistics
EPS (TTM)-0.10
Shares Outstanding431,600,000
10 Day Avg. Volume36,800
30 Day Avg. Volume32,633
Financial Highlights & Ratios
PEG Ratio-0.38
Price to Book (P/B)0.46
Price to Sales (P/S)0.47
P/FCF Ratio-72.88
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
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, Infor...
How the Company Makes Money
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Hong Kong Economic Times Holdings Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
78
Positive
Cash Flow
29
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 720.68M | 803.73M | 923.89M | 1.02B | 1.04B |
| Gross Profit | 313.94M | 336.70M | 371.99M | 422.81M | 461.81M |
| EBITDA | -7.94M | -1.35M | 124.52M | 81.55M | 94.40M |
| Net Income | -42.97M | -35.69M | 54.22M | 27.46M | 33.02M |
Balance Sheet | |||||
| Total Assets | 967.92M | 1.07B | 1.17B | 1.20B | 1.20B |
| Cash, Cash Equivalents and Short-Term Investments | 413.31M | 459.78M | 526.47M | 464.16M | 460.95M |
| Total Debt | 1.32M | 8.70M | 2.14M | 11.97M | 3.16M |
| Total Liabilities | 215.43M | 238.68M | 260.44M | 304.80M | 292.70M |
| Stockholders Equity | 729.72M | 807.79M | 886.19M | 871.20M | 885.34M |
Cash Flow | |||||
| Free Cash Flow | -4.62M | -31.00M | -27.52M | 56.94M | 47.15M |
| Operating Cash Flow | 2.52M | -17.59M | -2.59M | 82.97M | 100.56M |
| Investing Cash Flow | 8.25M | 108.25M | 53.42M | -176.47M | 91.03M |
| Financing Cash Flow | -42.57M | -51.46M | -53.80M | -53.12M | -57.16M |
Hong Kong Economic Times Holdings Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$14.66B | 10.50 | 8.94% | 8.51% | -3.92% | -16.02% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
57 Neutral | HK$1.08B | 11.35 | 4.06% | 5.03% | -8.97% | ― | |
50 Neutral | HK$280.54M | -6.53 | -5.76% | 10.77% | -10.33% | -20.44% | |
47 Neutral | HK$463.75M | -0.83 | 21.89% | ― | -13.54% | -6.79% | |
45 Neutral | HK$699.11M | -5.13 | -4.76% | 1.45% | 9.66% | 52.77% | |
45 Neutral | HK$161.14M | -2.05 | -5.10% | 2.15% | -8.36% | 5.41% |
* Communication Services Sector Average
HK:0423
Hong Kong Economic Times Holdings
0.65
-0.13
-16.77%
HK:1097
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0.06
-0.02
-20.00%
HK:2008
Phoenix Media Investment (Holdings)
1.35
-0.01
-0.74%
HK:0811
Xinhua Winshare Publishing & Media Co
8.07
-2.54
-23.93%
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Sing Tao News Corporation Limited
0.18
-0.06
-23.75%
HK:0511
Television Broadcasts Limited
2.27
-1.35
-37.29%
Hong Kong Economic Times Holdings Corporate Events
Hong Kong Economic Times Sets 2026 AGM to Approve Dividend, Board Mandates and Share Issuance Authority
Jul 3, 2026
Hong Kong Economic Times Holdings Limited has convened its annual general meeting for 6 August 2026 in Hong Kong, where shareholders will be asked to receive and adopt the audited financial statements and related reports for the year ended 31 Marc...
Hong Kong Economic Times Holdings Posts Wider Annual Loss on Lower Revenue
Jun 22, 2026
Hong Kong Economic Times Holdings reported a decline in revenue to HK$720.7 million for the year ended 31 March 2026, down from HK$803.7 million a year earlier, reflecting a softer operating environment for its media and information services busin...
Hong Kong Economic Times Holdings Declares Final Dividend for FY2025/26
Jun 22, 2026
Hong Kong Economic Times Holdings Limited has declared a final ordinary cash dividend of HKD 0.04 per share for the financial year ended 31 March 2026, subject to shareholder approval on 6 August 2026. The dividend will be paid in Hong Kong dollar...
HK Economic Times Sets June Board Meeting to Approve Final Results and Dividend
Jun 8, 2026
Hong Kong Economic Times Holdings Limited has scheduled a board meeting for 22 June 2026 in Hong Kong to review and approve the final results for the financial year ended 31 March 2026. The board will also consider declaring a final dividend, a de...
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.