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Hung Hing Printing Group Limited
(0450)
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Rating:51Neutral
Price Target:
HK$0.68
▼(-26.30% Downside)
Action:Reiterated
Date:08/28/26
The score is held back primarily by weak financial performance—deeper losses, margin compression, and a sharp swing to negative operating and free cash flow—despite a low-leverage balance sheet. Technicals also remain bearish with the stock trading below major moving averages and negative MACD. Valuation is supported by a very high dividend yield, but the negative P/E underscores ongoing losses.
Positive Factors
Very Low Leverage
Minimal debt reduces refinancing risk and interest burden, preserving financial flexibility during an earnings downturn. This conservative funding structure gives Hung Hing greater capacity to manage cyclical demand and invest in operations without relying heavily on external financing.
Negative Factors
Deepening Operating Losses
Losses across both operating and EBITDA measures indicate that higher sales are not currently translating into sustainable earnings. Continued negative profitability can weaken internal funding, limit resilience, and require operational restructuring or pricing improvements to restore viable returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
Minimal debt reduces refinancing risk and interest burden, preserving financial flexibility during an earnings downturn. This conservative funding structure gives Hung Hing greater capacity to manage cyclical demand and invest in operations without relying heavily on external financing.
Read all positive factors
Hung Hing Printing Group Limited (0450) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$621.60M
Dividend Yield16.14%
Average Volume (3M)129.33K
Price to Earnings (P/E)―
Beta (1Y)0.15
Revenue Growth4.37%
EPS Growth-4.14%
CountryHK
Employees4,769
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)-0.06
Shares Outstanding907,865,000
10 Day Avg. Volume303,200
30 Day Avg. Volume129,333
Financial Highlights & Ratios
PEG Ratio-0.13
Price to Book (P/B)0.31
Price to Sales (P/S)0.41
P/FCF Ratio-4.10
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
Hung Hing Printing Group Limited Business Overview & Revenue Model
Company Description
Hung Hing Printing Group Limited, established in 1950 and headquartered in Tai Po, Hong Kong, operates as an investment holding company with a broad international reach, serving markets across the People's Republic of China, the United States, the...
How the Company Makes Money
Hung Hing Printing Group Limited primarily makes money by producing and selling printed products and paper-based packaging products to customers under commercial contracts. Its revenue model is largely transaction-based: customers place orders (of...
Hung Hing Printing Group Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
78
Positive
Cash Flow
29
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.03B | 2.19B | 2.39B | 2.95B | 3.53B |
| Gross Profit | 257.51M | 306.51M | 388.91M | 419.85M | 478.19M |
| EBITDA | 14.99M | 96.96M | 301.63M | 211.54M | 200.89M |
| Net Income | -78.94M | -43.36M | 135.16M | 66.04M | 51.95M |
Balance Sheet | |||||
| Total Assets | 3.21B | 3.44B | 3.81B | 3.99B | 4.30B |
| Cash, Cash Equivalents and Short-Term Investments | 658.29M | 975.48M | 1.12B | 1.25B | 1.07B |
| Total Debt | 53.34M | 101.61M | 165.06M | 229.60M | 200.60M |
| Total Liabilities | 421.56M | 476.96M | 636.06M | 795.10M | 957.81M |
| Stockholders Equity | 2.68B | 2.84B | 3.05B | 3.05B | 3.19B |
Cash Flow | |||||
| Free Cash Flow | -203.69M | 30.36M | 13.71M | 285.98M | -338.21M |
| Operating Cash Flow | -94.57M | 88.04M | 277.57M | 455.95M | -161.56M |
| Investing Cash Flow | -4.42M | 36.49M | -240.51M | -3.28M | 7.07M |
| Financing Cash Flow | -160.70M | -204.57M | -208.51M | -135.01M | -66.99M |
Hung Hing Printing Group Limited Technical Analysis
Negative
0.92
Price Trends
0.74
Negative
0.75
Negative
0.79
Negative
Market Momentum
-0.02
Positive
39.72
Neutral
60.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0450, the sentiment is Negative. The current price of 0.92 is above the 20-day moving average (MA) of 0.72, above the 50-day MA of 0.74, and above the 200-day MA of 0.79, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 39.72 is Neutral, neither overbought nor oversold. The STOCH value of 60.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0450.
Hung Hing Printing Group Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$321.64M | 11.63 | 9.67% | 48.89% | 4.00% | -31.04% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | HK$63.80M | -23.47 | -1.20% | 3.53% | -6.24% | 56.25% | |
51 Neutral | HK$621.60M | -6.86 | -3.47% | 16.14% | 4.37% | -4.14% | |
50 Neutral | HK$129.74M | 92.07 | 15.23% | ― | 10.01% | 164.52% | |
44 Neutral | HK$220.80M | -2.59 | -23.30% | 10.39% | -3.83% | -698.65% | |
44 Neutral | HK$9.92M | -0.25 | 37.98% | ― | 301.46% | 37.67% |
* Industrials Sector Average
HK:0450
Hung Hing Printing Group Limited
0.69
-0.16
-19.20%
HK:1540
Left Field Printing Group Ltd.
0.67
0.25
61.02%
HK:1884
eprint Group Ltd.
0.12
>-0.01
-3.36%
HK:1975
Sun Hing Printing Holdings Limited
0.46
0.12
35.69%
HK:8385
Prosperous Printing Company Limited
0.10
0.02
18.29%
HK:8448
Universe Printshop Holdings Ltd.
1.51
1.31
658.79%
Hung Hing Printing Group Limited Corporate Events
Hung Hing Printing Widens Interim Loss Despite Revenue Growth
Aug 26, 2026
Hung Hing Printing Group reported interim unaudited revenue of HK$1.03 billion for the six months ended 30 June 2026, up from HK$935.4 million a year earlier, but rising costs pushed gross profit only slightly higher to HK$107.7 million. Administr...
Hung Hing Printing Declares Interim Dividend for First Half of 2026
Aug 26, 2026
Hung Hing Printing Group Limited has declared an interim ordinary dividend of HKD 0.01 per share for the six months ended 30 June 2026, for the financial year ending 31 December 2026. The interim payout signals continued returns to shareholders, w...
Hung Hing Printing Announces Board Changes and New Independent Director
Aug 26, 2026
Hung Hing Printing Group Limited announced that independent non-executive director Luk Koon Hoo will retire from the board effective 1 September 2026, stepping down as chairman of the Audit Committee and as a member of the Remuneration and Nominat...
Hung Hing Printing Sets August Board Meeting to Review Interim Results and Dividend
Aug 11, 2026
Hung Hing Printing Group Limited has scheduled a board meeting for 26 August 2026 in Hong Kong to review and approve the unaudited interim results for the six months ended 30 June 2026. The board will also consider the declaration of an interim di...
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.