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Tungtex (Holdings) Co
(0518)
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Rating:48Neutral
Price Target:
HK$0.15
▼(-16.67% Downside)
Action:Reiterated
Date:07/27/26
The score is held back primarily by weak profitability (recent multi-year losses) and bearish technical conditions (below major moving averages with negative MACD and low RSI/Stoch). A relatively conservative balance sheet and a modest dividend yield provide partial support, but inconsistent cash flows and loss-driven valuation keep the overall rating below average.
Positive Factors
Conservative balance sheet
Modest leverage and a substantial equity base provide financial resilience for a cyclical textile business. This structure reduces balance-sheet strain and preserves flexibility to manage weaker demand, support operations, or invest when industry conditions improve.
Negative Factors
Persistent losses
A multi-year return to losses is the clearest fundamental weakness because it limits retained capital, weakens return on equity, and makes recovery dependent on improving operating performance. Continued negative earnings also reduce the durability of the business model's cash-generation potential.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Modest leverage and a substantial equity base provide financial resilience for a cyclical textile business. This structure reduces balance-sheet strain and preserves flexibility to manage weaker demand, support operations, or invest when industry conditions improve.
Read all positive factors
Tungtex (Holdings) Co (0518) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$69.92M
Dividend Yield3.41%
Average Volume (3M)13.33K
Price to Earnings (P/E)―
Beta (1Y)0.02
Revenue Growth-15.30%
EPS Growth-50.91%
CountryHK
Employees1,300
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)-0.03
Shares Outstanding451,067,570
10 Day Avg. Volume34,800
30 Day Avg. Volume13,333
Financial Highlights & Ratios
PEG Ratio-0.11
Price to Book (P/B)0.22
Price to Sales (P/S)0.15
P/FCF Ratio3.27
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
Tungtex (Holdings) Co Business Overview & Revenue Model
Company Description
Tungtex (Holdings) Company Limited operates as an investment holding company, primarily engaged in the global garment industry. Its operations span the manufacturing, distribution, retail, and international trade of apparel, reaching markets acros...
How the Company Makes Money
The company primarily makes money by selling textile and apparel products to customers on a wholesale/B2B basis. Key revenue streams typically include (i) revenue from manufacturing and selling textile products (e.g., fabrics or yarn-related produ...
Tungtex (Holdings) Co Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
72
Positive
Cash Flow
58
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 567.02M | 669.45M | 516.78M | 753.21M | 588.27M |
| Gross Profit | 106.87M | 122.25M | 105.82M | 161.44M | 112.05M |
| EBITDA | -12.14M | 2.85M | 1.56M | 34.51M | -8.86M |
| Net Income | -15.00M | -9.93M | -12.80M | 19.72M | -26.06M |
Balance Sheet | |||||
| Total Assets | 522.29M | 552.72M | 557.77M | 558.97M | 621.03M |
| Cash, Cash Equivalents and Short-Term Investments | 253.02M | 136.58M | 168.16M | 184.62M | 187.55M |
| Total Debt | 67.34M | 76.23M | 57.58M | 63.57M | 99.59M |
| Total Liabilities | 154.86M | 175.02M | 171.69M | 154.20M | 226.95M |
| Stockholders Equity | 382.94M | 392.19M | 399.43M | 416.93M | 405.32M |
Cash Flow | |||||
| Free Cash Flow | 26.22M | -47.42M | -19.90M | 45.66M | -80.97M |
| Operating Cash Flow | 27.02M | -44.29M | -17.71M | 47.47M | -37.10M |
| Investing Cash Flow | -298.00K | 755.00K | 15.16M | -3.63M | -30.82M |
| Financing Cash Flow | -18.81M | 12.26M | -13.40M | -43.05M | -25.43M |
Tungtex (Holdings) Co Technical Analysis
Negative
0.18
Price Trends
0.18
Negative
0.19
Negative
0.19
Negative
Market Momentum
>-0.01
Positive
6.99
Positive
7.36
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0518, the sentiment is Negative. The current price of 0.18 is above the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.18, and below the 200-day MA of 0.19, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 6.99 is Positive, neither overbought nor oversold. The STOCH value of 7.36 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0518.
Tungtex (Holdings) Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | HK$3.15B | 11.09 | 9.33% | 6.27% | -1.56% | 53.99% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | HK$1.28B | 8.13 | 3.28% | 10.58% | -7.87% | 38.45% | |
58 Neutral | HK$330.92M | 3.74 | 6.65% | 8.23% | 0.41% | ― | |
53 Neutral | HK$1.30B | 15.94 | 2.83% | 7.37% | -0.86% | -50.37% | |
51 Neutral | HK$244.04M | -1.80 | -10.95% | 4.00% | -16.20% | -324.90% | |
48 Neutral | HK$69.92M | -4.58 | -3.91% | 3.41% | -15.30% | -50.91% |
* Consumer Cyclical Sector Average
HK:0518
Tungtex (Holdings) Co
0.15
-0.07
-30.59%
HK:1382
Pacific Textiles Holdings
0.95
-0.50
-34.39%
HK:0321
Texwinca Holdings
0.95
0.21
28.40%
HK:0311
Luen Thai Holdings Limited
0.31
0.08
33.19%
HK:3322
Win Hanverky Holdings Limited
0.19
-0.01
-5.00%
HK:2199
Regina Miracle International (Holdings) Limited
2.55
0.51
24.94%
Tungtex (Holdings) Co Corporate Events
Tungtex Shareholders Approve All Resolutions at 2026 AGM, Granting Capital Mandates
Aug 21, 2026
Tungtex (Holdings) Company Limited reported that all resolutions at its 2026 annual general meeting on 21 August were passed by shareholders through poll voting. The meeting approved the audited financial statements, re-elected three directors, au...
Tungtex Sets 2026 AGM to Vote on Board, Auditor and Share Mandates
Jul 23, 2026
Tungtex (Holdings) Company Limited has called its 2026 annual general meeting for 21 August 2026 in Hong Kong, where shareholders will review audited consolidated financial statements and board and auditor reports for the year ended 31 March 2026....
Tungtex posts wider annual loss as revenue declines
Jun 26, 2026
Tungtex (Holdings) Company Limited reported a decline in revenue to HK$567.0 million for the year ended 31 March 2026, down from HK$669.5 million a year earlier, reflecting weaker sales performance. Despite cost of sales decreasing, gross profit s...
Tungtex Warns of Wider Annual Loss on North American Export Slump
Jun 18, 2026
Tungtex (Holdings) Company Limited has warned that it expects to post a loss attributable to shareholders of between HK$14 million and HK$17 million for the year ended 31 March 2026, widening from the HK$9.9 million loss a year earlier. The deteri...
Tungtex Sets June Board Meeting to Approve Annual Results and Mull Dividend
Jun 12, 2026
Tungtex (Holdings) Company Limited has scheduled a board meeting for 26 June 2026 to approve the annual results for the year ended 31 March 2026 and to consider recommending a final dividend. The announcement signals an upcoming disclosure of the ...
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.