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Carry Wealth Holdings Limited
(0643)
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Rating:44Neutral
Price Target:
HK$0.16
â–¼(-34.80% Downside)
Action:Reiterated
Date:08/28/26
The score is driven primarily by weak financial performance, highlighted by sharply lower 2025 revenue, worsening losses, and significant cash burn, despite low balance-sheet leverage. Technicals add pressure as the stock trades below key moving averages with bearish momentum, even though oversold indicators suggest some short-term stabilization potential. Valuation does not offset these risks because the company is loss-making (negative P/E) and no dividend yield is provided.
Positive Factors
Low Financial Leverage
Minimal and improving leverage limits interest and refinancing pressure, giving the company flexibility to absorb a weak operating period. The sizable equity base provides a cushion, although it does not remove the need to restore profitability.
Negative Factors
Sharp Revenue Contraction
A substantial revenue decline weakens scale, operating leverage, and the company’s ability to cover fixed costs. If the contraction persists, it can make recovery harder and increase dependence on balance-sheet resources or external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Financial Leverage
Minimal and improving leverage limits interest and refinancing pressure, giving the company flexibility to absorb a weak operating period. The sizable equity base provides a cushion, although it does not remove the need to restore profitability.
Read all positive factors
Carry Wealth Holdings Limited (0643) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$159.27M
Dividend Yield0.78%
Average Volume (3M)533.00K
Price to Earnings (P/E)―
Beta (1Y)0.53
Revenue Growth-8.92%
EPS Growth29.07%
CountryHK
Employees182
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)-0.05
Shares Outstanding899,845,600
10 Day Avg. Volume826,000
30 Day Avg. Volume533,000
Financial Highlights & Ratios
PEG Ratio-0.12
Price to Book (P/B)1.89
Price to Sales (P/S)0.63
P/FCF Ratio-2.80
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
Carry Wealth Holdings Limited Business Overview & Revenue Model
Company Description
Carry Wealth Holdings Limited operates as an investment holding enterprise, primarily engaged in the production and distribution of garment products for diverse brands across various international markets, including the United States, Mainland Chi...
Carry Wealth Holdings Limited Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
68
Positive
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 315.23M | 664.69M | 493.06M | 499.02M | 441.17M |
| Gross Profit | 37.98M | 66.14M | 62.95M | 80.22M | 61.09M |
| EBITDA | -30.59M | -15.93M | 11.02M | 9.29M | 12.08M |
| Net Income | -46.24M | -33.79M | -8.92M | -7.54M | -1.46M |
Balance Sheet | |||||
| Total Assets | 212.27M | 239.56M | 279.30M | 254.73M | 289.23M |
| Cash, Cash Equivalents and Short-Term Investments | 48.50M | 113.30M | 120.15M | 97.02M | 51.49M |
| Total Debt | 2.69M | 1.74M | 33.91M | 34.06M | 65.65M |
| Total Liabilities | 106.60M | 91.64M | 101.45M | 125.20M | 140.88M |
| Stockholders Equity | 105.67M | 147.92M | 177.84M | 129.53M | 148.34M |
Cash Flow | |||||
| Free Cash Flow | -71.39M | -18.01M | -23.42M | 31.53M | -34.48M |
| Operating Cash Flow | -70.60M | -10.96M | -20.77M | 33.76M | -31.67M |
| Investing Cash Flow | -525.00K | -4.13M | -1.84M | 46.22M | -46.30M |
| Financing Cash Flow | 11.98M | 6.41M | 47.54M | -32.86M | 44.15M |
Carry Wealth Holdings Limited Technical Analysis
Negative
0.25
Price Trends
0.19
Negative
0.21
Negative
0.23
Negative
Market Momentum
>-0.01
Positive
40.46
Neutral
37.21
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0643, the sentiment is Negative. The current price of 0.25 is above the 20-day moving average (MA) of 0.20, above the 50-day MA of 0.19, and above the 200-day MA of 0.23, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.46 is Neutral, neither overbought nor oversold. The STOCH value of 37.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0643.
Carry Wealth Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | HK$207.78M | -2.14 | -10.87% | 1.99% | 2.86% | -63.19% | |
51 Neutral | HK$244.04M | -1.80 | -10.95% | 4.00% | -16.20% | -324.90% | |
46 Neutral | HK$196.21M | -2.86 | -6.85% | 21.74% | 5.72% | 47.08% | |
44 Neutral | HK$159.27M | -4.37 | -37.98% | 0.78% | -8.92% | 29.07% | |
44 Neutral | HK$138.59M | -0.80 | -11.70% | 3.31% | -8.62% | 59.01% | |
41 Neutral | HK$144.92M | -0.97 | -7.74% | 1.47% | -36.57% | -107.55% |
* Consumer Cyclical Sector Average
HK:0643
Carry Wealth Holdings Limited
0.18
-0.46
-72.34%
HK:1146
China Outfitters Holdings
0.06
<0.01
1.75%
HK:3322
Win Hanverky Holdings Limited
0.19
-0.02
-9.52%
HK:0294
Yangtzekiang Garment Co. Ltd.
1.01
0.06
6.91%
HK:0122
Crocodile Garments Limited
1.40
-0.50
-26.32%
HK:3398
China Ting Group Holdings Limited
0.07
-0.04
-35.92%
Carry Wealth Holdings Limited Corporate Events
Carry Wealth Extends Share Placement Period and Reaffirms Pricing Terms
Aug 27, 2026
Carry Wealth Holdings Limited, a Hong Kong-listed company, is pursuing equity financing through the placement of new shares under a general mandate as part of its broader capital management strategy. The board, led by executive director Li Xiaomin...
Carry Wealth Raises Share Placing Price to Boost Expansion Funding
Aug 14, 2026
Carry Wealth Holdings Limited has agreed with its placing agent to raise the placing price for new shares under its general mandate from HK$0.165 to HK$0.180 per share, representing an approximate 18% discount to recent market prices but improving...
Carry Wealth Sets August Board Meeting to Review Interim Results and Dividend
Aug 14, 2026
Carry Wealth Holdings Limited, a Hong Kong-listed company, operates through a group structure with both executive and independent non-executive directors overseeing its activities. Its presence on the local bourse places it within the regulated un...
Carry Wealth Requests Trading Halt Ahead of New Share Placing
Aug 14, 2026
Carry Wealth Holdings Limited has requested a trading halt in its shares on the Hong Kong Stock Exchange, effective from 9:00 a.m. on 14 August 2026. The halt was imposed pending the release of further information regarding a proposed placing of n...
Carry Wealth Extends Share Placing Period as Discounted Issue Remains Conditional
Aug 13, 2026
Carry Wealth Holdings Limited has extended the placing period for its proposed issuance of new shares under a general mandate, after agreeing with its placing agent to move the deadline from 14 August 2026 to 28 August 2026, with the option for fu...
Carry Wealth Clarifies Discount Metrics on New Share Placement
Aug 3, 2026
Carry Wealth Holdings Limited has issued a clarification to its earlier announcement on the extension of the placing period for new shares under its general mandate, correcting the stated placing price metrics. The company now specifies that the p...
Carry Wealth relocates Bermuda registered office while keeping Hong Kong share registrar unchanged
Aug 3, 2026
Carry Wealth Holdings Limited has announced that, effective 3 August 2026, its registered office, principal share registrar and transfer office in Bermuda, operated by Conyers Corporate Services (Bermuda) Limited, will relocate to Richmond House o...
Carry Wealth Extends Share Placing Period and Confirms Discounted Issue Price
Jul 31, 2026
Carry Wealth Holdings Limited has announced an extension to the period for placing new shares under its existing general mandate, after agreeing with its placing agent that more time is needed to satisfy the condition precedent to the transaction....
Carry Wealth Announces Board Changes and New Executive Director
Jul 21, 2026
Carry Wealth Holdings Limited has announced a leadership reshuffle, with executive director and chief financial officer Mr. Lee Chi Ho stepping down from the board, the investment committee and his role as an authorized representative, citing pers...
Carry Wealth Revamps Board and Committee Roles to Bolster Governance
Jul 21, 2026
Carry Wealth Holdings Limited has updated its board composition and committee memberships with effect from 21 July 2026, confirming Li Xiaoming and Chan Wai Ying as executive directors and appointing Li Qian as lead independent non-executive direc...
Carry Wealth Shifts Principal Hong Kong Office to North Point
Jul 21, 2026
Carry Wealth Holdings Limited has announced a change to its principal place of business in Hong Kong, effective 21 July 2026, relocating to Room 1502, 15/F., Olympia Plaza, 255 King’s Road, North Point. The move, formally approved by the boa...
Carry Wealth Flags Legal Dispute Over Controlling Stake and Ownership Uncertainty
Jul 20, 2026
Carry Wealth Holdings Limited has disclosed that its controlling stake of 411,289,396 shares, representing approximately 45.71% of its issued capital and registered under MARS Worldwide Holdings Limited, is subject to a stop notice issued by the H...
Carry Wealth Shares Halted Pending Inside Information Announcement
Jul 16, 2026
Carry Wealth Holdings Limited has requested a trading halt in its shares on the Main Board of The Stock Exchange of Hong Kong Limited, effective from 9:00 a.m. on Thursday, 16 July 2026. The suspension is pending the publication of an inside infor...
Carry Wealth to Raise HK$29 Million Through Share Placing for Expansion
Jul 14, 2026
Carry Wealth Holdings Limited has entered into a placing agreement with Quam Securities Limited to issue up to 179,969,110 new shares under its existing general mandate at HK$0.1650 per share, representing about 20% of its current issued share cap...
Carry Wealth Overhauls Independent Board Roles with New Appointment
Jul 9, 2026
Carry Wealth Holdings Limited has announced that independent non-executive director Lam Chi Wing resigned from the board and stepped down from the audit, remuneration and nomination committees, citing personal work adjustments. The company emphasi...
Carry Wealth Restructures Board Roles and Committees Effective July 2026
Jul 9, 2026
Carry Wealth Holdings Limited has updated its board composition effective 9 July 2026, confirming executive directors Li Xiaoming and Lee Chi Ho, alongside independent non-executive directors Li Qian, who also serves as lead independent director, ...
Carry Wealth Faces Court Stop Notice on Major Share Block, Trading Resumes in Hong Kong
Jul 2, 2026
Carry Wealth Holdings Limited disclosed that it has been served with a stop notice from the High Court of Hong Kong, restraining the transfer and dividend payments of 411,289,396 shares registered in the name of MARS Worldwide Holdings Limited. Th...
Carry Wealth Requests Trading Halt on Hong Kong Main Board
Jul 2, 2026
Carry Wealth Holdings Limited, a Hong Kong listed company on the Main Board of The Stock Exchange of Hong Kong Limited, is overseen by a board comprising executive directors Li Xiaoming and Lee Chi Ho and independent non-executive directors Lam Ch...
Carry Wealth Adds Healthcare-Focused Executive Director to Its Board
Jun 30, 2026
Carry Wealth Holdings Limited, a company listed in Hong Kong, has announced changes to its board in line with the Listing Rules and its corporate governance framework. The disclosure centers on a new executive director rather than the firm’s...
Carry Wealth Revamps Board and Committee Roles Effective June 2026
Jun 30, 2026
Carry Wealth Holdings Limited has updated its board composition effective 30 June 2026, confirming Mr. Li Xiaoming and Mr. Lee Chi Ho as executive directors, and appointing Ms. Li Qian as lead independent non-executive director alongside Mr. Lam C...
Carry Wealth Restructures Board Roles and Committee Leadership
Jun 5, 2026
Carry Wealth Holdings Limited has updated its board structure effective 5 June 2026, confirming Mr. Lee Chi Ho as the sole executive director and appointing Ms. Li Qian and Mr. Lam Chi Wing as independent non-executive directors. The company also ...
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.