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Wecon Holdings Ltd.
(1793)
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Rating:61Neutral
Price Target:
HK$2.50
▲(1036.36% Upside)
Action:Reiterated
Date:10/14/26
The score is supported primarily by a conservative balance sheet and a strong multi-month technical uptrend (price above key moving averages). It is held back by weak and inconsistent operating profitability and an expensive valuation (very high P/E), with cash-flow improvement offset by volatility and metric inconsistencies.
Positive Factors
Conservative Balance Sheet
Very low leverage gives Wecon financial flexibility in the cyclical engineering and construction industry. A stable equity base and limited debt burden can help the company withstand demand fluctuations, preserve borrowing capacity, and fund opportunities without excessive financing pressure.
Negative Factors
Revenue Volatility
The reversal from strong growth to successive revenue declines indicates that demand and project activity have not followed a stable upward trend. Continued top-line volatility can make capacity planning, cost absorption, and earnings forecasting more difficult over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage gives Wecon financial flexibility in the cyclical engineering and construction industry. A stable equity base and limited debt burden can help the company withstand demand fluctuations, preserve borrowing capacity, and fund opportunities without excessive financing pressure.
Read all positive factors
Wecon Holdings Ltd. (1793) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.84B
Dividend Yield0.52%
Average Volume (3M)2.62M
Price to Earnings (P/E)192.9
Beta (1Y)0.27
Revenue Growth0.44%
EPS Growth27.96%
CountryHK
Employees152
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.01
Shares Outstanding800,000,000
10 Day Avg. Volume1,422,400
30 Day Avg. Volume2,616,846
Financial Highlights & Ratios
PEG Ratio0.80
Price to Book (P/B)0.76
Price to Sales (P/S)0.20
P/FCF Ratio1.76
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
Wecon Holdings Ltd. Business Overview & Revenue Model
Company Description
Wecon Holdings Limited, an investment holding company, operates as a construction contractor in Hong Kong. It operates through Construction contracts and Repair, Maintenance, Alteration and Addition (RMAA) segments. The company provides building c...
Wecon Holdings Ltd. Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
78
Positive
Cash Flow
57
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.06B | 1.06B | 1.16B | 869.03M | 1.15B |
| Gross Profit | 38.88M | 37.52M | 45.10M | 39.02M | 53.65M |
| EBITDA | 8.43M | 15.84M | 14.47M | 14.53M | 17.72M |
| Net Income | 9.46M | 7.39M | 6.00M | 5.95M | 14.21M |
Balance Sheet | |||||
| Total Assets | 523.32M | 537.33M | 594.19M | 454.72M | 532.23M |
| Cash, Cash Equivalents and Short-Term Investments | 246.75M | 106.28M | 96.48M | 77.96M | 104.08M |
| Total Debt | 10.82M | 4.60M | 9.29M | 6.72M | 7.89M |
| Total Liabilities | 247.19M | 261.13M | 315.86M | 172.88M | 246.54M |
| Stockholders Equity | 276.13M | 276.20M | 278.33M | 281.85M | 285.69M |
Cash Flow | |||||
| Free Cash Flow | 119.64M | 12.68M | 21.59M | -1.72M | -33.74M |
| Operating Cash Flow | 129.92M | 14.17M | 21.69M | -690.00K | -30.52M |
| Investing Cash Flow | 4.52M | 20.93M | 7.58M | -13.45M | 6.57M |
| Financing Cash Flow | -14.39M | -16.27M | -15.09M | -15.35M | -13.29M |
Wecon Holdings Ltd. Technical Analysis
Positive
0.22
Price Trends
1.76
Positive
1.07
Positive
0.68
Positive
Market Momentum
0.10
Positive
55.41
Neutral
33.77
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1793, the sentiment is Positive. The current price of 0.22 is below the 20-day moving average (MA) of 2.27, below the 50-day MA of 1.76, and below the 200-day MA of 0.68, indicating a bullish trend. The MACD of 0.10 indicates Positive momentum. The RSI at 55.41 is Neutral, neither overbought nor oversold. The STOCH value of 33.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1793.
Wecon Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$364.50M | 3.15 | 13.15% | 24.69% | -31.57% | -12.77% | |
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% | |
49 Neutral | HK$197.50M | 15.02 | 1.82% | 7.10% | 28.02% | -68.80% | |
48 Neutral | HK$992.50M | -935.84 | -0.44% | 1.67% | 4.76% | -144.68% | |
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:1793
Wecon Holdings Ltd.
2.30
2.12
1226.59%
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:1556
Chinney Kin Wing Holdings Limited
0.24
-0.08
-24.06%
HK:1582
CR Construction Group Holdings Limited
0.40
<0.01
1.28%
HK:1903
JBB Builders International Ltd.
1.99
0.21
11.52%
Wecon Holdings Ltd. Corporate Events
Wecon Board to Consider Special Dividend at November Meeting
Oct 28, 2026
Wecon Holdings Limited has announced that its board of directors will meet on 9 November 2026 to consider and potentially approve a special dividend for shareholders. The company plans to issue a further announcement detailing the special dividend...
Wecon extends exclusivity for potential HK$10 million takeover deal
Oct 20, 2026
Wecon Holdings Limited has provided a monthly update under Hong Kong’s Takeovers Code on a potential change-of-control transaction. The company said negotiations over the possible acquisition are ongoing, but no formal or legally binding agr...
Wecon Updates Market on Ongoing Due Diligence for Potential Takeover
Sep 18, 2026
Wecon Holdings Limited has provided an update on a potential change-of-control transaction that could trigger a mandatory general offer under Hong Kong’s Takeovers Code. The company said the potential purchaser is still conducting due dilige...
Wecon’s Controlling Stake in Talks for Potential Sale That May Trigger Takeover Offer
Aug 21, 2026
Wecon Holdings Limited has disclosed that its controlling shareholder, Triple Arch Limited, wholly owned by chairman and CEO Mr. Tsang Ka Yip, has signed a non-legally binding memorandum of understanding to potentially sell 600,000,000 shares, rep...
Wecon Holdings Discloses Potential Change of Control After Unusual Share Movements
Aug 20, 2026
Wecon Holdings has disclosed that its board noted unusual recent share price movements but, after making reasonable enquiries, is unaware of any undisclosed information explaining the volatility. The company clarified that the movements coincide w...
Wecon Wins Unanimous Shareholder Backing for Dividend and Capital Mandates
Aug 20, 2026
Wecon Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates within the construction and engineering industry, serving the local market through a conventional board structure that includes executive and independent ...
Wecon Shares Halted Pending Takeover-Related Announcement
Aug 20, 2026
Wecon Holdings Limited, incorporated in the Cayman Islands and listed on the Stock Exchange of Hong Kong under stock code 1793, is governed by a board comprising executive, non-executive and independent non-executive directors led by Chairman and ...
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.