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Wang On Group Limited (1222) AI Stock Analysis

HK:1222

Wang On Group Limited

(HKEX:1222)

Select Model
Rating:39Underperform
Price Target:HKD 0.02â–¼(-5.26% Downside)
Action:downgraded
Date:10/29/26

The score is driven primarily by weak profitability, recent losses, and meaningful leverage. Stronger recent cash flow offers limited support, but below-trend technical momentum and loss-based valuation keep the overall profile weak.

Positive Factors
Multiple property revenue streamsThe 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 deteriorationLarge 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.

Wang On Group Limited (1222) vs. iShares MSCI Hong Kong ETF (EWH)

-30%-20%-10%0%10%20%HK:1222-26.92%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 224.62M
Dividend Yield
―
Average Volume (3M)
1.66M
Price to Earnings (P/E)
-0.3
Beta (1Y)
0.21
Revenue Growth
-3.98%
EPS Growth
12.75%
Country
Hong Kong
Employees
1,631
Sector
Industrials
Sector Strength
63
Industry
Real Estate - Development

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, Fre...

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 properties...

Wang On Group Limited Financial Statement Overview

Summary

Weak profitability, declining revenue, substantial recent losses, and elevated leverage weigh heavily on the financial profile. Positive recent operating and free cash flow provides some support, but financial performance remains highly defensive.

Income Statement

18Very Negative

Balance Sheet

35Negative

Cash Flow

52Neutral
Financial statement breakdown
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue2.63B2.63B2.74B1.98B3.60B1.86B
Gross Profit640.73M595.90M808.76M823.64M1.22B907.10M
EBITDA-235.38M-312.83M-705.81M-376.63M533.79M174.49M
Net Income-804.37M-804.37M-922.43M-753.85M12.78M-305.23M
Balance Sheet
Total Assets12.00B12.00B13.73B17.58B18.39B20.06B
Cash, Cash Equivalents and Short-Term Investments1.22B1.22B796.09M1.33B1.75B1.96B
Total Debt4.36B4.36B5.29B7.11B7.05B7.63B
Total Liabilities6.42B6.42B6.95B9.46B9.01B10.46B
Stockholders Equity3.62B3.62B4.33B5.27B5.92B5.99B
Cash Flow
Free Cash Flow954.66M954.66M1.13B-206.60M491.96M-2.21B
Operating Cash Flow982.77M982.77M1.18B-174.67M549.19M-2.13B
Investing Cash Flow-8.28M-8.28M656.19M433.31M423.84M2.42B
Financing Cash Flow-550.36M-550.36M-2.32B-358.94M-1.01B-444.62M

Wang On Group Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price0.02

Price Trends

50DMA0.02Negative
100DMA0.02Negative
200DMA0.02Negative

Market Momentum

MACD-0.00Positive
RSI42.37Neutral
STOCH22.22Neutral

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 below 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 -0.00 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

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

HK:1222 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
HK:0025HK:002563NeutralHKD 1.36B3.244.37%6.67%-11.27%―
HK:0202HK:020249NeutralHKD 539.78M-8.04-6.69%―17.70%-67.27%
HK:1282HK:128247NeutralHKD 385.00M-4.12-1.06%―-19.90%73.76%
HK:0132HK:013246NeutralHKD 239.73M20.290.97%4.14%6.83%360.00%
HK:2700HK:270044NeutralHKD 395.94M-333.33-3.22%―-7.37%58.14%
HK:1222HK:122239UnderperformHKD 224.62M-0.33-21.05%―-3.98%12.75%

* Industrials Sector Average

Performance Comparison

-50%-25%0%25%HK:1222HK:0202HK:1282HK:0025HK:2700HK:0132Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:1222 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:1222Wang On Group Limited0.02-0.01-29.63%
HK:0202EverChina Int'l Holdings Company Ltd0.07-0.07-47.14%
HK:1282Glory Sun Financial Group Limited0.08-0.09-53.05%
HK:0025Chevalier International Holdings Limited4.500.8623.66%
HK:2700Green International Holdings Limited0.600.1225.00%
HK:0132China Investments Holdings Limited0.14-0.09-39.13%

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 is...

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 30 S...

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 Limited....

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 entire...

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 director...

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 and t...

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: Oct 29, 2026