Veeko International Holdings Limited (1173) AI Stock Analysis

• Market Cap: HK$105.76M
• Dividend Yield: N/A
• Average Volume (3M): 2.59M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.53
• Revenue Growth: -17.93%
• EPS Growth: -211.32%
• Country: HK
• Employees: 880
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Household & Personal Products
• EPS (TTM): -0.03
• Shares Outstanding: 2,518,001,500
• 10 Day Avg. Volume: 1,976,000
• 30 Day Avg. Volume: 2,587,333
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 47 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

Veeko International Holdings Limited faces significant financial challenges, with high leverage and negative profitability being the most critical factors impacting its stock score. While technical indicators suggest some positive momentum, the overbought RSI and negative valuation metrics highlight potential risks. The absence of earnings call data and corporate events limits additional insights into the company's future prospects.

Veeko International Holdings Limited Business Overview & Revenue Model

Company Description

Veeko International Holdings Limited (1173) is a Hong Kong-based investment holding company primarily engaged in the retail and distribution of fashion apparel and accessories. The company operates through various subsidiaries and is involved in the development, marketing, and sale of its own branded products as well as third-party brands, catering to diverse consumer segments. Veeko International focuses on providing high-quality fashion products while leveraging its retail networks to enhance brand visibility and customer loyalty.

How the Company Makes Money

Veeko International Holdings Limited generates revenue primarily through the retail sales of its fashion apparel and accessories. The company operates a chain of retail stores and online platforms, allowing it to reach a broad customer base. Key revenue streams include direct sales from its branded merchandise, as well as commissions and royalties from third-party brand collaborations. The company also benefits from strategic partnerships with suppliers and manufacturers that enable cost efficiencies and product variety. Seasonal promotions, marketing campaigns, and an emphasis on customer experience further contribute to its sales growth. Additionally, the company may explore international markets to expand its revenue potential.

Veeko International Holdings Limited Financial Statement Overview

Summary

Veeko International demonstrates a mixed financial performance with some positive revenue growth and cash flow generation. However, profitability remains a challenge with negative net income and operating margins. The balance sheet indicates high leverage, which could pose financial risks. Overall, the company needs to improve its profitability and manage its debt levels to enhance financial stability.

Income Statement

Veeko International has shown a mixed performance in its income statement. The company saw a modest revenue growth of 24% from the previous year, indicating a positive trend. However, the gross profit margin is approximately 44.2%, suggesting moderate profitability. The net profit margin is negative at -6.8%, reflecting challenges in achieving net profitability. The company also faced negative EBIT and EBITDA margins, indicating operating challenges.

Balance Sheet

The balance sheet presents a stable equity position with an equity ratio of 23.4%. However, the company has a high debt-to-equity ratio of 2.79, which raises concerns about leverage and financial risk. The return on equity is negative, indicating losses for shareholders.

Cash Flow

The cash flow statement shows a robust free cash flow and an operating cash flow to net income ratio of 2.05, indicating efficient cash generation relative to accounting profits. Despite the positive free cash flow, the company experienced a decline in operating cash flow compared to the previous year, which could be a concern for future liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	544.32M	481.48M	586.71M	472.63M	499.85M	517.25M
Gross Profit	231.60M	221.17M	259.32M	229.76M	196.22M	195.89M
EBITDA	-48.26M	12.34M	94.41M	101.71M	31.62M	-49.80M
Net Income	-87.88M	-124.77M	-40.04M	5.03M	-53.37M	-184.88M
Balance Sheet
Total Assets	893.45M	811.95M	867.60M	772.59M	759.45M	812.02M
Cash, Cash Equivalents and Short-Term Investments	12.06M	13.13M	8.54M	38.10M	10.26M	47.11M
Total Debt	657.39M	649.20M	566.51M	488.68M	477.58M	544.81M
Total Liabilities	734.86M	732.68M	664.28M	572.38M	560.04M	615.61M
Stockholders Equity	158.59M	79.28M	203.32M	200.21M	199.41M	196.42M
Cash Flow
Free Cash Flow	26.07M	21.48M	75.88M	110.63M	101.67M	208.59M
Operating Cash Flow	28.93M	23.98M	82.01M	112.24M	102.89M	213.70M
Investing Cash Flow	-19.66M	-11.36M	-8.01M	-1.58M	-1.12M	-3.02M
Financing Cash Flow	-13.76M	-5.82M	-105.15M	-79.00M	-142.37M	-193.17M

Veeko International Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.04
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1173, the sentiment is Neutral. The current price of 0.04 is below the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 55.62 is Neutral, neither overbought nor oversold. The STOCH value of 75.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1173.

Veeko International Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1925	76 Outperform	HK$441.50M	4.52	17.17%	8.26%	21.99%	11.36%
1962	64 Neutral	HK$298.84M	9.96	3.77%	10.21%	-6.67%	-29.55%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
8436	60 Neutral	HK$94.40M	20.52	1.89%	―	-20.10%	-74.16%
8281	52 Neutral	HK$110.00M	16.67	2.37%	3.80%	-1.65%	230.00%
1173	47 Neutral	HK$105.76M	―	-88.30%	―	-17.93%	-211.32%
6893	41 Neutral	HK$212.90M	―	-27.11%	―	-0.79%	-34.52%

Veeko International Holdings Limited Corporate Events

Veeko International Renews Key Retail License Agreement

Veeko International Holdings Limited, through its subsidiary Colourmix Cosmetics, has renewed a license agreement with MTR Corporation Limited for the use of retail premises at Sha Tin Station. This agreement, effective from October 2025 to September 2028, allows Colourmix to continue its operations under the trade name ‘Colourmix Deluxe’. The transaction is classified as a discloseable transaction under Hong Kong’s Listing Rules, impacting the company’s financial statements as a right-of-use asset.

Veeko International Holdings Secures Shareholder Approval for Key Resolutions at 2025 AGM

Veeko International Holdings Limited announced that all resolutions proposed at its 2025 Annual General Meeting were passed by shareholders. These resolutions included the re-election of directors, authorization of directors’ remuneration, re-appointment of auditors, and granting mandates for share repurchase and issuance, indicating strong shareholder support and strategic continuity for the company.

Veeko International Announces Contingency Plan for AGM Amid Weather Concerns

Veeko International Holdings Limited has announced a contingency plan for its Annual General Meeting (AGM) scheduled on 23 September 2025 due to the potential impact of a tropical cyclone in Hong Kong. If severe weather conditions persist, the AGM will be postponed to 30 September 2025, with all resolutions and proxy forms remaining valid for the rescheduled meeting. Shareholders are advised to assess the weather situation and exercise caution if attending.

Veeko International Signs New Tenancy Agreement for ‘Colourmix’ Retail Space

Veeko International Holdings Limited has entered into a tenancy agreement for a retail space in Hong Kong, which will be used for selling cosmetics and skincare products under the ‘Colourmix’ brand. This transaction is considered a discloseable transaction under the Hong Kong Listing Rules, impacting the company’s financial statements by recognizing the lease as a right-of-use asset.

Veeko International Holdings Announces 2025 AGM and Key Resolutions

Veeko International Holdings Limited has announced its 2025 Annual General Meeting, scheduled for September 23, 2025, in Hong Kong. The meeting will address several key agenda items, including the consideration of the company’s audited financial statements for the year ending March 31, 2025, the re-election of directors, and the re-appointment of auditors. Additionally, a resolution will be proposed to grant the company’s directors a mandate to repurchase shares, subject to certain conditions. This announcement highlights the company’s ongoing corporate governance practices and its commitment to maintaining shareholder value through strategic decisions.