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Vico International Holdings Ltd. (1621) AI Stock Analysis
Vico International Holdings Ltd.
(HKEX:1621)
Vico International scores below average, driven primarily by weak fundamentals: ultra-thin margins (net margin ~1.2%), declining revenue, modest ROE of ~6.5%, and volatile cash generation in a cyclical refining and marketing industry. This is partially offset by a conservatively managed balance sheet with low leverage (debt-to-equity 0.13) and steadily growing equity. Technicals are the most favourable element, with the share price trading above all major moving averages and momentum still neutral rather than stretched. Valuation is unremarkable — a 12.9x P/E with no dividend offers limited compensation for the low-growth, commodity-exposed profile. Earnings call and corporate event components were excluded due to lack of data, with their weight redistributed proportionally.
Vico International Holdings Ltd. (1621) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 226.00M
- Dividend Yield
- ―
- Average Volume (3M)
- 643.47K
- Price to Earnings (P/E)
- 14.1
- Beta (1Y)
- 0.21
- Revenue Growth
- -15.39%
- EPS Growth
- 29.03%
- Country
- Hong Kong
- Employees
- 28
- Sector
- Energy
- Sector Strength
- 65
- Industry
- Oil & Gas Refining & Marketing
Vico International Holdings Ltd. Business Overview & Revenue Model
Company Description
Vico International Holdings Limited operates as an investment holding company with a primary focus on distributing third-party branded petrochemicals across key markets including Hong Kong, Macau, Vietnam, and Malaysia. Its product offerings include...
Vico International Holdings Ltd. Financial Statement Overview
Summary
Financial performance is weak overall. The income statement (35) shows razor-thin gross margins (~3.8% in FY2026), net margins near 1.2%, and revenue declining ~8.8% to HK$1.31 billion after peaking in FY2024, reflecting limited pricing power in a cyclical, commodity-linked business. Cash flow (42) is volatile — free cash flow fell ~42% to HK$25.3 million in FY2026 after a strong FY2025, though FCF still broadly covers net income. The balance sheet (55) is the clear strength: debt reduced to HK$33.1 million, debt-to-equity of just 0.13, and equity steadily growing to HK$248.4 million. However, ROE of only ~6.5% signals low returns on that conservative capital base.
Income Statement
35NegativeBalance Sheet
55NeutralCash Flow
42Neutral| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.31B | 1.31B | 1.54B | 1.60B | 1.02B | 1.37B |
| Gross Profit | 49.03M | 49.03M | 45.91M | 48.34M | 44.69M | 43.48M |
| EBITDA | 28.07M | 28.22M | 26.53M | 33.51M | 25.13M | 24.11M |
| Net Income | 16.03M | 16.03M | 12.35M | 16.93M | 8.80M | 9.17M |
Balance Sheet | ||||||
| Total Assets | 298.44M | 298.44M | 287.29M | 273.17M | 260.82M | 267.96M |
| Cash, Cash Equivalents and Short-Term Investments | 99.59M | 99.59M | 83.01M | 39.95M | 42.16M | 54.63M |
| Total Debt | 33.06M | 33.06M | 40.04M | 35.16M | 46.30M | 63.37M |
| Total Liabilities | 50.04M | 50.04M | 54.92M | 53.15M | 57.73M | 73.67M |
| Stockholders Equity | 248.40M | 248.40M | 232.37M | 220.02M | 203.09M | 194.29M |
Cash Flow | ||||||
| Free Cash Flow | 25.35M | 25.35M | 43.72M | 8.72M | 2.23M | 24.44M |
| Operating Cash Flow | 29.34M | 29.34M | 45.98M | 10.11M | 3.73M | 26.84M |
| Investing Cash Flow | -35.23M | -35.23M | -15.83M | 3.91M | -7.01M | -38.94M |
| Financing Cash Flow | -10.03M | -10.03M | -6.13M | -12.60M | -17.58M | 10.48M |
Vico International Holdings Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1621, the sentiment is Positive. The current price of 0.22 is below the 20-day moving average (MA) of 0.23, above the 50-day MA of 0.22, and above the 200-day MA of 0.18, indicating a neutral trend. The MACD of 0.00 indicates Positive momentum. The RSI at 53.55 is Neutral, neither overbought nor oversold. The STOCH value of 80.56 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1621.
Vico International Holdings Ltd. Peers Comparison
Overall Rating
HK:013570Outperform- HK:162152Neutral
HK:060350Neutral
HK:033847Neutral
HK:033239Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:0135 | 70Outperform | HKD 65.30B | 10.18 | 7.89% | 5.14% | 6.16% | -1.61% |
| Sector * | 65Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
| HK:1621 | 52Neutral | HKD 226.00M | 14.13 | 6.52% | ― | -15.39% | 29.03% |
| HK:0603 | 50Neutral | HKD 533.89M | 22.60 | 0.62% | ― | -6.95% | -85.71% |
| HK:0338 | 47Neutral | HKD 30.30B | 406.67 | 0.36% | 1.77% | -5.52% | -518.88% |
| HK:0332 | 39Underperform | HKD 47.52M | -0.21 | 12.88% | ― | -23.24% | 91.43% |
* Energy Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:1621 | Vico International Holdings Ltd. | 0.23 | 0.13 | 126.00% | |
| HK:0135 | KUNLUN ENERGY | 7.58 | 0.74 | 10.83% | |
| HK:0603 | China Oil & Gas Group | 0.11 | -0.07 | -36.87% | |
| HK:0338 | Sinopec Shanghai Petrochemical Co Class H | 1.23 | -0.12 | -8.89% | |
| HK:0852 | Strong Petrochemical Holdings Limited | 0.19 | 0.02 | 15.06% | |
| HK:0332 | Yuan Heng Gas Holdings Ltd | 0.12 | -0.26 | -68.16% |
Vico International Holdings Ltd. Corporate Events
Vico International Wins Unanimous Shareholder Backing at 2026 AGM
Vico International Holdings Ltd. reported that all resolutions at its annual general meeting on 11 September 2026 were approved by shareholders. The audited consolidated financial statements for the year ended 31 March 2026 were received, and the com...
Vico International Faces Temporary Governance Shortfalls After Director Resignation
Vico International Holdings Limited has announced the resignation of independent non-executive director Ms. Ng Wing Sze Vince, effective 5 August 2026, due to personal and business commitments. Her departure also ends her membership in the audit, rem...
Vico International Details Board and Committee Structure
Vico International Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong under stock code 1621, is led by a board that includes both executive and independent non-executive directors. This structure aligns with standard governa...
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 10, 2026