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Wong's Kong King International (Holdings) Limited
(0532)
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Rating:45Neutral
Price Target:
HK$0.29
▼(-8.44% Downside)
Action:Reiterated
Date:10/10/26
The score is primarily held back by weak financial performance driven by recurring net losses and thin margins, despite generally positive operating/free cash flow and manageable leverage. Technicals add further caution as the stock trades below its 100- and 200-day moving averages with negative MACD and sub-50 RSI. Valuation is also constrained by negative earnings (negative P/E) and no provided dividend yield.
Positive Factors
Positive cash generation despite losses
Positive operating and free cash flow during 2023–2025 indicates the business has continued converting operations into cash even while reported earnings were negative. That supports near-term funding capacity and suggests accounting losses may overstate the pressure on underlying cash generation.
Negative Factors
Recurring net losses and thin margins
Three consecutive years of net losses indicate that the current business model is not consistently converting revenue into shareholder earnings. Very thin 2025 margins provide limited protection against operational volatility and leave little room for cost increases or weaker demand before losses widen.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive cash generation despite losses
Positive operating and free cash flow during 2023–2025 indicates the business has continued converting operations into cash even while reported earnings were negative. That supports near-term funding capacity and suggests accounting losses may overstate the pressure on underlying cash generation.
Read all positive factors
Wong's Kong King International (Holdings) Limited (0532) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$222.62M
Dividend Yield9.01%
Average Volume (3M)428.95K
Price to Earnings (P/E)―
Beta (1Y)0.22
Revenue Growth-1.35%
EPS Growth60.16%
CountryHK
Employees3,236
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-0.06
Shares Outstanding729,897,950
10 Day Avg. Volume302,600
30 Day Avg. Volume428,948
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)0.18
Price to Sales (P/S)0.06
P/FCF Ratio3.47
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
Wong's Kong King International (Holdings) Limited Business Overview & Revenue Model
Company Description
Wong's Kong King International (Holdings) Limited functions as an investment holding company, primarily involved in the trade and distribution of a diverse range of chemicals, materials, and specialized equipment essential for manufacturing printe...
Wong's Kong King International (Holdings) Limited Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
58
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.54B | 3.67B | 3.45B | 3.65B | 4.61B | 5.41B |
| Gross Profit | 244.90M | 236.70M | 761.36M | 177.81M | 1.07B | 1.09B |
| EBITDA | 87.38M | 139.96M | -53.32M | 44.06M | 222.76M | 206.42M |
| Net Income | -46.62M | -55.32M | -190.16M | -132.78M | 71.76M | 72.01M |
Balance Sheet | ||||||
| Total Assets | 3.31B | 2.99B | 2.91B | 3.15B | 3.72B | 3.75B |
| Cash, Cash Equivalents and Short-Term Investments | 732.72M | 614.34M | 572.52M | 561.76M | 748.13M | 713.93M |
| Total Debt | 653.58M | 664.74M | 639.01M | 664.42M | 923.39M | 613.45M |
| Total Liabilities | 1.70B | 1.56B | 1.42B | 1.48B | 1.86B | 1.89B |
| Stockholders Equity | 1.48B | 1.35B | 1.40B | 1.58B | 1.75B | 1.76B |
Cash Flow | ||||||
| Free Cash Flow | 219.27M | 68.36M | 101.02M | 217.03M | -171.40M | -21.99M |
| Operating Cash Flow | 228.83M | 79.36M | 135.11M | 245.24M | -149.66M | 22.86M |
| Investing Cash Flow | 4.92M | -31.73M | -13.01M | -3.60M | -48.07M | -26.16M |
| Financing Cash Flow | -118.59M | 8.84M | -120.08M | -410.30M | 241.50M | 91.45M |
Wong's Kong King International (Holdings) Limited Technical Analysis
Negative
0.32
Price Trends
0.31
Negative
0.40
Negative
0.35
Negative
Market Momentum
>-0.01
Negative
44.79
Neutral
38.10
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0532, the sentiment is Negative. The current price of 0.32 is above the 20-day moving average (MA) of 0.31, above the 50-day MA of 0.31, and below the 200-day MA of 0.35, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.79 is Neutral, neither overbought nor oversold. The STOCH value of 38.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0532.
Wong's Kong King International (Holdings) Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$18.67B | 10.94 | 28.59% | 1.63% | 14.86% | 28.59% | |
66 Neutral | HK$5.85B | 3.42 | 22.89% | 11.21% | 31.14% | 215.73% | |
65 Neutral | HK$52.18B | 20.12 | 6.40% | 0.77% | 4.29% | -49.39% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
48 Neutral | HK$32.82B | 25.85 | 6.00% | 2.29% | 11.05% | 6.56% | |
45 Neutral | HK$222.62M | -4.77 | -3.30% | 9.01% | -1.35% | 60.16% | |
43 Neutral | HK$591.13M | 23.73 | 3.04% | 3.82% | 2.52% | 8.73% |
* Technology Sector Average
HK:0532
Wong's Kong King International (Holdings) Limited
0.30
>-0.01
-1.64%
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4.79
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21.46
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Wong's Kong King International (Holdings) Limited Corporate Events
Wong’s Kong King Flags Sharp Revenue Drop at Taiwan Unit in September
Oct 8, 2026
Wong’s Kong King International (Holdings) Limited has issued an overseas regulatory announcement relaying monthly sales data for its associated listed company Taiwan Kong King Co., Ltd., as required under Hong Kong listing rules. The disclos...
Wong’s Kong King Wins HKEX Waiver for Delayed Land Acquisition Circular
Sep 15, 2026
Wong’s Kong King International (Holdings) Limited, an investment holding company listed on the Hong Kong Stock Exchange with diversified industrial operations, continues to develop its asset base through major transactions including property...
Wong’s Kong King Highlights Taiwan Subsidiary’s IFRS Sales Surge in August
Sep 8, 2026
Wong’s Kong King International (Holdings) Limited has issued an overseas regulatory announcement under Hong Kong listing rules, highlighting the corporate governance lineup of its board and disclosing that its Taiwan-listed subsidiary Taiwan...
Wong’s Kong King Secures Shareholder Backing for NT$360 Million Land Acquisition
Aug 25, 2026
Wong’s Kong King International (Holdings) Limited has agreed, through a direct non-wholly owned subsidiary, to acquire a parcel of land for NT$360 million, or about HK$90 million. The deal is structured as a major transaction under Hong Kong...
Wong’s Kong King returns to interim profit amid lower revenue and higher tax burden
Aug 24, 2026
Wong’s Kong King International (Holdings) Limited reported unaudited interim results for the six months ended 30 June 2026, with group revenue declining to HK$1.69 billion from HK$1.82 billion a year earlier, reflecting softer demand and cha...
Wong’s Kong King Flags 38% Profit Drop at Taiwan Subsidiary
Aug 12, 2026
Wong’s Kong King International (Holdings) Limited reported that its 67%-owned subsidiary, Taiwan Kong King Co., Ltd., posted unaudited consolidated profit after tax of NT$59.0 million (HK$14.6 million) for the six months ended 30 June 2026. ...
Wong’s Kong King Sets August Board Meeting to Approve Interim Results
Aug 11, 2026
Wong’s Kong King International (Holdings) Limited has scheduled a board meeting for 24 August 2026 to approve its interim results for the six months ended 30 June 2026. The directors will also consider whether to declare an interim dividend,...
Wong’s Kong King Reports July Sales Rise but Year-to-Date Revenue Down at Taiwan Unit
Aug 10, 2026
Wong’s Kong King International (Holdings) Limited has issued an overseas regulatory announcement relaying July 2026 sales data from its associated listed entity, Taiwan Kong King Company Limited, under International Financial Reporting Stand...
Wong’s Kong King Founder Moves to Honorary Chairman in Governance Reshuffle
Aug 3, 2026
Wong’s Kong King International (Holdings) Limited has appointed its long-serving chairman and founder, 83-year-old Mr. Wong Senta, as honorary chairman and re-designated him as a non-executive director effective 3 August 2026, recognizing hi...
Wong’s Kong King Updates Board Roles and Committee Structure
Aug 3, 2026
Wong’s Kong King International (Holdings) Limited has disclosed an updated list of its directors and their respective roles, highlighting a governance framework led by Honorary Chairman Wong Senta, Deputy Chairman and CEO Wong Ava, Deputy Ch...
Wong’s Kong King shifts Bermuda registered office with no change to share registrars
Aug 3, 2026
Wong’s Kong King International (Holdings) Limited has announced a change of its registered office address in Bermuda, effective 3 August 2026, relocating to Richmond House on Par-la-Ville Road in Hamilton. The move does not affect the compan...
Wong’s Kong King Flags Sharply Narrowed Loss and Operating Turnaround for First Half 2026
Jul 30, 2026
Wong’s Kong King International (Holdings) Limited has issued a profit alert indicating a substantial reduction in losses for the six months ended 30 June 2026. The group expects a consolidated net loss attributable to shareholders of about H...
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.