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Lap Kei Engineering (Holdings) Limited
(1690)
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Rating:77Outperform
Price Target:
HK$0.15
▲(108.57% Upside)
Action:Reiterated
Date:10/27/26
The score is driven primarily by improved TTM financial performance (higher profitability, better ROE, positive free cash flow) and an essentially debt-free balance sheet, combined with attractive valuation metrics (low P/E and very high dividend yield). These positives are tempered by weaker near-term technicals (below 20/50-day averages and low RSI), suggesting limited momentum.
Positive Factors
Debt-free balance sheet
An effectively debt-free balance sheet reduces refinancing and interest-cost pressure, giving Lap Kei greater resilience if project activity weakens. It also preserves financial flexibility to support working capital, maintain operations, or pursue opportunities without substantial leverage constraints.
Negative Factors
Volatile revenue trajectory
Revenue volatility makes the current rebound less predictable and complicates capacity planning, earnings forecasting, and consistent resource allocation. A project-driven business can experience uneven results when contract timing or project mix changes, limiting confidence that recent growth will persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
An effectively debt-free balance sheet reduces refinancing and interest-cost pressure, giving Lap Kei greater resilience if project activity weakens. It also preserves financial flexibility to support working capital, maintain operations, or pursue opportunities without substantial leverage constraints.
Read all positive factors
Lap Kei Engineering (Holdings) Limited (1690) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$202.33M
Dividend Yield21.43%
Average Volume (3M)175.33K
Price to Earnings (P/E)6.6
Beta (1Y)0.30
Revenue Growth-39.08%
EPS Growth1675.00%
CountryHK
Employees116
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.02
Shares Outstanding1,445,230,000
10 Day Avg. Volume312,000
30 Day Avg. Volume175,333
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.71
Price to Sales (P/S)0.38
P/FCF Ratio4.33
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
Lap Kei Engineering (Holdings) Limited Business Overview & Revenue Model
Company Description
Lap Kei Engineering (Holdings) Limited, a Hong Kong-based investment holding firm, primarily focuses on the installation and design of building services infrastructure and related undertakings. The company's operations are categorized into two pri...
How the Company Makes Money
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Lap Kei Engineering (Holdings) Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
82
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 397.40M | 280.76M | 415.33M | 323.31M | 401.92M | 261.38M |
| Gross Profit | 62.83M | 36.44M | 23.06M | 26.59M | 25.72M | 27.21M |
| EBITDA | 34.16M | 16.97M | 5.28M | 11.61M | 10.83M | 9.69M |
| Net Income | 30.81M | 15.69M | 2.07M | 7.42M | 10.91M | 10.71M |
Balance Sheet | ||||||
| Total Assets | 210.65M | 271.33M | 359.08M | 296.94M | 294.84M | 218.17M |
| Cash, Cash Equivalents and Short-Term Investments | 75.56M | 74.16M | 58.72M | 45.76M | 17.47M | 46.88M |
| Total Debt | 0.00 | 0.00 | 624.00K | 0.00 | 10.00M | 0.00 |
| Total Liabilities | 84.42M | 121.46M | 208.91M | 144.48M | 148.69M | 83.51M |
| Stockholders Equity | 126.23M | 149.86M | 150.17M | 152.46M | 146.16M | 134.66M |
Cash Flow | ||||||
| Free Cash Flow | 33.38M | 24.52M | 13.02M | 36.43M | -39.04M | -26.48M |
| Operating Cash Flow | 37.63M | 28.76M | 18.73M | 39.21M | -36.47M | -22.08M |
| Investing Cash Flow | -643.00K | -2.64M | -1.32M | -388.00K | -2.57M | -1.21M |
| Financing Cash Flow | -29.29M | -15.96M | -4.44M | -10.54M | 9.63M | 11.89M |
Lap Kei Engineering (Holdings) Limited Technical Analysis
Positive
0.07
Price Trends
0.14
Positive
0.13
Positive
0.11
Positive
Market Momentum
>-0.01
Positive
52.23
Neutral
75.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1690, the sentiment is Positive. The current price of 0.07 is below the 20-day moving average (MA) of 0.14, below the 50-day MA of 0.14, and below the 200-day MA of 0.11, indicating a bullish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 52.23 is Neutral, neither overbought nor oversold. The STOCH value of 75.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1690.
Lap Kei Engineering (Holdings) Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$202.33M | 6.60 | 22.32% | 21.43% | -39.08% | 1675.00% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | HK$1.84B | 192.86 | 3.44% | 0.52% | 0.44% | 27.96% | |
45 Neutral | HK$102.34M | -1.15 | -26.71% | ― | -51.29% | 43.87% | |
44 Neutral | HK$224.00M | 9.52 | 6.28% | 3.57% | -5.52% | -3.29% |
* Industrials Sector Average
HK:1690
Lap Kei Engineering (Holdings) Limited
0.14
0.08
122.22%
HK:1408
Macau E&M Holding Limited
0.39
0.15
65.95%
HK:1413
Kwong Luen Engineering Holdings Limited
0.21
-0.22
-51.40%
HK:1447
SFK Construction Holdings Ltd.
0.56
0.10
21.21%
HK:1615
AB Builders Group Limited
0.42
0.19
82.82%
HK:1793
Wecon Holdings Ltd.
2.30
2.12
1226.59%
Lap Kei Engineering (Holdings) Limited Corporate Events
Lap Kei Engineering Swings to Stronger Interim Profit Despite Revenue Drop
Aug 28, 2026
Lap Kei Engineering (Holdings) Limited has reported its unaudited interim results for the six months ended 30 June 2026, showing a decline in revenue to HK$118.6 million from HK$134.5 million a year earlier. Despite lower turnover, the group’...
Lap Kei Engineering Declares Interim Dividend for First Half of 2026
Aug 28, 2026
Lap Kei Engineering (Holdings) Limited has declared an interim ordinary cash dividend of HKD 0.01 per share for the six months ended 30 June 2026, for the financial year ending 31 December 2026. The dividend will be paid in Hong Kong dollars on 9 ...
Lap Kei Engineering Signals Sharp Interim Profit Increase on Lower Costs
Aug 26, 2026
Lap Kei Engineering (Holdings) Limited has issued a positive profit alert, indicating that it expects net profit for the six months ended 30 June 2026 to range between HK$5.0 million and HK$5.5 million, sharply higher than the HK$0.5 million recor...
Lap Kei Engineering Schedules Board Meeting on 2026 Interim Results and Dividend Plan
Aug 17, 2026
Lap Kei Engineering (Holdings) Limited has scheduled a board meeting for 28 August 2026 to review and approve the unaudited consolidated interim results for the six months ended 30 June 2026. The board will also consider publication of the interim...
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.