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Wang On Group Limited
(1222)
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Rating:45Neutral
Price Target:
HK$0.02
▼(-5.00% Downside)
Action:Reiterated
Date:10/29/26
The score is driven primarily by weak financial performance (recent large losses and high leverage), only partly offset by improved recent cash flow. Technicals add further downside bias with the stock below major moving averages and a negative MACD, while valuation remains hard to assess positively due to a negative P/E and no dividend support.
Positive Factors
Multiple property revenue streams
The company operates across property development, investment properties and leasing in two major markets. This provides more than one route to revenue and gives the business a recurring rental component alongside development proceeds, supporting broader operating resilience over the next several quarters.
Negative Factors
Recent earnings deterioration
Large recent net losses and negative operating profit show that the property business is currently failing to convert gross profit into sustainable earnings. Continued weak profitability would constrain retained capital, reduce resilience during property-cycle pressure, and make recovery dependent on a meaningful improvement in operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Multiple property revenue streams
The company operates across property development, investment properties and leasing in two major markets. This provides more than one route to revenue and gives the business a recurring rental component alongside development proceeds, supporting broader operating resilience over the next several quarters.
Read all positive factors
Wang On Group Limited (1222) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$224.62M
Dividend Yield0.73%
Average Volume (3M)1.45M
Price to Earnings (P/E)―
Beta (1Y)0.21
Revenue Growth-3.98%
EPS Growth12.75%
CountryHK
Employees1,631
SectorIndustrials
Sector Strength72
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.06
Shares Outstanding13,538,697,000
10 Day Avg. Volume1,163,972
30 Day Avg. Volume1,449,073
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.08
Price to Sales (P/S)0.11
P/FCF Ratio0.31
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
Wang On Group Limited Business Overview & Revenue Model
Company Description
Wang On Group Limited, an investment holding company, primarily engages in the property development and investment activities in Hong Kong, Mainland China, Macau, and internationally. It operates through Property Development, Property Investment, ...
How the Company Makes Money
Wang On Group Limited generates revenue mainly from its property businesses. Key revenue streams typically include (1) proceeds from property development, recognized when developed properties are sold; and (2) rental income from investment propert...
Wang On Group Limited Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
40
Negative
Cash Flow
56
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.63B | 2.74B | 1.98B | 3.60B | 1.86B |
| Gross Profit | 595.90M | 808.76M | 823.64M | 1.22B | 907.10M |
| EBITDA | -312.83M | -705.81M | -376.63M | 533.79M | 174.49M |
| Net Income | -804.37M | -922.43M | -753.85M | 12.78M | -305.23M |
Balance Sheet | |||||
| Total Assets | 12.00B | 13.73B | 17.58B | 18.39B | 20.06B |
| Cash, Cash Equivalents and Short-Term Investments | 1.22B | 796.09M | 1.33B | 1.75B | 1.96B |
| Total Debt | 4.36B | 5.29B | 7.11B | 7.05B | 7.63B |
| Total Liabilities | 6.42B | 6.95B | 9.46B | 9.01B | 10.46B |
| Stockholders Equity | 3.62B | 4.33B | 5.27B | 5.92B | 5.99B |
Cash Flow | |||||
| Free Cash Flow | 954.66M | 1.13B | -206.60M | 491.96M | -2.21B |
| Operating Cash Flow | 982.77M | 1.18B | -174.67M | 549.19M | -2.13B |
| Investing Cash Flow | -8.28M | 656.19M | 433.31M | 423.84M | 2.42B |
| Financing Cash Flow | -550.36M | -2.32B | -358.94M | -1.01B | -444.62M |
Wang On Group Limited Technical Analysis
Negative
0.02
Price Trends
0.02
Negative
0.02
Negative
0.02
Negative
Market Momentum
>-0.01
Positive
42.37
Neutral
22.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1222, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.37 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1222.
Wang On Group Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$1.36B | 3.24 | 4.37% | 6.67% | -11.27% | ― | |
49 Neutral | HK$539.78M | -8.04 | -6.69% | ― | 17.70% | -67.27% | |
48 Neutral | HK$385.00M | -4.12 | -1.06% | 0.71% | -19.90% | 73.76% | |
46 Neutral | HK$239.73M | 20.29 | 0.97% | 4.14% | 6.83% | 360.00% | |
45 Neutral | HK$224.62M | -0.33 | -21.05% | 0.73% | -3.98% | 12.75% | |
43 Neutral | HK$395.94M | -333.33 | -3.22% | ― | -7.37% | 58.14% |
* Industrials Sector Average
HK:1222
Wang On Group Limited
0.02
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Wang On Group Limited Corporate Events
Wang On Group Unit Seals RMB20 Million Sale-and-Leaseback Financing
Oct 12, 2026
Wang On Group’s subsidiary Kaifeng Hongjin has entered into a sale-and-leaseback agreement with Jiangsu Financial, selling certain leased assets for RMB20 million, equivalent to about HK$23.43 million. The arrangement runs for 24 months and ...
Wang On Group Secures Three-Year Renewal of Tin Yan Estate Market Lease
Sep 25, 2026
Wang On Group’s board has approved the renewal of a tenancy agreement for the Single Operator Market and Shop 2 at Tin Yan Shopping Centre in Tin Shui Wai, New Territories, securing the premises for a three-year term from 1 October 2026 to 3...
Wang On Group Shareholders Approve Disposal of Target Company
Sep 11, 2026
Wang On Group Limited, a Bermuda-incorporated investment holding company listed in Hong Kong under stock code 1222, has diversified interests including healthcare and pharmaceutical-related operations through Wai Yuen Tong Medicine Holdings Limite...
Wang On Group Seeks Shareholder Nod for Shenzhen Asset Disposal and Guarantee Deal
Aug 20, 2026
Wang On Group Limited has called a special general meeting for 11 September 2026 in Hong Kong to seek shareholder approval of a conditional sale and purchase agreement and a related guarantee arrangement. The deal involves the disposal of the enti...
Wang On Group AGM Backs Governance Mandates But Rejects Re-Election of Director
Aug 19, 2026
Wang On Group Limited reported the poll results of its annual general meeting held on 19 August 2026, where shareholders overwhelmingly approved the adoption of the 2026 financial statements, the re-election of chairman Mr. Tang Ching Ho and direc...
Wang On Group Sets Out Board and Committee Roles to Bolster Governance
Aug 19, 2026
Wang On Group Limited has detailed its board composition and committee structure, confirming a mix of executive and independent non-executive directors. The board is led by Chairman Mr. Tang Ching Ho, with Ms. Stephanie as an executive director an...
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.