Veeko International Holdings Limited (1173) AI Stock Analysis

Veeko International Holdings Limited

(HKEX:1173)

Select Model

Rating:43Neutral

Price Target:HKD 0.03▲(0.00% Upside)

Action:reiterated

Date:09/11/26

The overall score is low, driven primarily by a highly stressed financial profile with persistent losses, collapsing equity, and extreme leverage, partially offset by positive but volatile cash flows; technicals provide only modest support with mixed momentum signals, and valuation data show a loss‑making company with no dividend, offering limited fundamental appeal at present.

Positive Factors

Positive free cash flowConsistently positive free cash flow provides internal funding capacity even while reported earnings remain weak. The strong 2026 increase could support ongoing operations, investment, and debt servicing, although sustaining this benefit depends on reducing cash-flow volatility and persistent losses.

Negative Factors

Recurring net lossesPersistent net losses show that healthy gross margins are insufficient to cover the company’s operating and other costs. A net margin near negative 25% weakens retained capital and limits internally funded expansion, making a durable earnings recovery important for financial resilience.

Veeko International Holdings Limited (1173) vs. iShares MSCI Hong Kong ETF (EWH)

Market Cap: HKD 67.99M
Dividend Yield: ―
Average Volume (3M): 663.73K
Price to Earnings (P/E): -0.6
Beta (1Y): 1.24
Revenue Growth: -12.63%
EPS Growth: 15.35%
Country: Hong Kong
Employees: 660
Sector: Consumer Defensive
Sector Strength: 62
Industry: Specialty Retail

Veeko International Holdings Limited Business Overview & Revenue Model

Company Description

Veeko International Holdings Limited functions as an investment holding company with core operations spanning the cosmetics and fashion sectors. The company is involved in the manufacturing and sale of women's apparel, alongside property holding acti...

How the Company Makes Money

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Veeko International Holdings Limited Financial Statement Overview

Summary

Financials are very weak: the income statement score of 18 and explanation show persistent and widening losses with declining revenue, the balance sheet score of 8 reflects extreme leverage and eroded equity, and while cash flow scores 32 and remains positive, volatility and heavy debt materially constrain quality and sustainability.

Income Statement

18Very Negative

Balance Sheet

8Very Negative

Cash Flow

32Negative

Financial statement breakdown
Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	420.69M	420.69M	481.48M	586.71M	472.63M	499.85M
Gross Profit	193.56M	193.56M	221.17M	259.32M	229.76M	196.22M
EBITDA	34.50M	34.50M	12.34M	94.41M	101.71M	31.62M
Net Income	-105.53M	-105.53M	-124.77M	-40.04M	5.03M	-53.37M
Balance Sheet
Total Assets	736.03M	736.03M	811.95M	867.60M	772.59M	759.45M
Cash, Cash Equivalents and Short-Term Investments	27.61M	27.61M	13.13M	8.54M	38.10M	10.26M
Total Debt	613.52M	613.52M	649.20M	566.51M	488.68M	477.58M
Total Liabilities	717.15M	717.15M	732.68M	664.28M	572.38M	560.04M
Stockholders Equity	18.88M	18.88M	79.28M	203.32M	200.21M	199.41M
Cash Flow
Free Cash Flow	94.20M	70.75M	21.48M	75.88M	110.63M	101.67M
Operating Cash Flow	95.45M	72.00M	23.98M	82.01M	112.24M	102.89M
Investing Cash Flow	1.28M	-960.00K	-11.36M	-8.01M	-1.58M	-1.12M
Financing Cash Flow	-92.77M	-69.07M	-5.82M	-105.15M	-79.00M	-142.37M

Veeko International Holdings Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price0.03

Price Trends

50DMA0.03Positive

100DMA0.03Positive

200DMA0.03Negative

Market Momentum

MACD0.00Positive

RSI67.42Neutral

STOCH100.00Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1173, the sentiment is Positive. The current price of 0.03 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.03, indicating a neutral trend. The MACD of 0.00 indicates Positive momentum. The RSI at 67.42 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1173.

Veeko International Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

HK:1173 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HK:2145	71Outperform	HKD 9.03B	11.18	25.77%	6.20%	23.19%	-22.44%
Sector *	62Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
HK:0157	46Neutral	HKD 880.92M	-15.33	-12.81%	―	13.43%	7.72%
HK:1173	43Neutral	HKD 67.99M	-0.64	-355.23%	―	-12.63%	15.35%

* Consumer Defensive Sector Average

Performance Comparison

HK:1173 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:1173	Veeko International Holdings Limited	0.03	-0.01	-20.59%
HK:0157	Natural Beauty Bio-Technology	0.44	-0.10	-18.52%
HK:2145	Shanghai Chicmax Cosmetics Co., Ltd. Class H	22.66	-60.79	-72.85%
HK:1318	Mao Geping Cosmetics Co., Ltd. Class H	49.14	-34.01	-40.90%
HK:6883	Eternal Beauty Holdings Limited	2.03	0.06	3.05%
HK:2657	Shanghai Forest Cabin Cosmetics Group Co., Ltd. Class H	50.00	-30.81	-38.13%

Veeko International Holdings Limited Corporate Events

Veeko International Sets 2026 AGM, Plans Auditor Change and Share Buyback Mandate

Aug 25, 2026

Veeko International Holdings Limited, a Cayman Islands-incorporated company listed in Hong Kong, operates in the retail and apparel industry with a focus on fashion-related products. Its corporate structure and compliance framework involve a board of...

Veeko Proposes Auditor Change From EY to Prism to Bolster Governance and Cost Control

Aug 18, 2026

Veeko International Holdings Limited has announced that Ernst & Young will retire as its auditor at the conclusion of the upcoming annual general meeting, as part of the board’s cost control measures and routine auditor rotation to reinforc...

Veeko Narrows Annual Loss Despite Revenue Decline and Property Valuation Hit

Jun 26, 2026

Veeko International Holdings reported a decline in revenue to HK$420.7 million for the year ended 31 March 2026, down from HK$481.5 million a year earlier, as weaker sales and lower other income weighed on performance. Despite reductions in selling,...

Veeko Sets June Board Meeting to Approve Annual Results and Consider Final Dividend

Jun 12, 2026

Veeko International Holdings Limited has scheduled a board meeting for 26 June 2026 at its registered office in Hong Kong, where directors will review and approve the final results for the financial year ended 31 March 2026. The board will also consi...

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.

Date of analysis: Sep 11, 2026

Veeko International Holdings Limited AI Stock Analysis