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Wecon Holdings Ltd. (1793) AI Stock Analysis
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Wecon Holdings Ltd.
(HKEX:1793)
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.
Wecon Holdings Ltd. (1793) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 1.82B
- Dividend Yield
- 0.52%
- Average Volume (3M)
- 3.17M
- Price to Earnings (P/E)
- 192.9
- Beta (1Y)
- 0.27
- Revenue Growth
- 0.44%
- EPS Growth
- 27.96%
- Country
- Hong Kong
- Employees
- 152
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Engineering & Construction
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 cons...
Wecon Holdings Ltd. Financial Statement Overview
Summary
Financials are mixed: a strong, low-leverage balance sheet (very low debt-to-equity) is a clear strength, but operating performance is weak with thin, inconsistent margins and revenue softness in the latest years. Cash flow has improved in recent periods but remains volatile with inconsistencies in conversion metrics, limiting confidence in sustainability.
Income Statement
46NeutralBalance Sheet
78PositiveCash Flow
57Neutral| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.06B | 1.06B | 1.06B | 1.16B | 869.03M | 1.15B |
| Gross Profit | 38.88M | 38.88M | 37.52M | 45.10M | 39.02M | 53.65M |
| EBITDA | 10.56M | 8.43M | 15.84M | 14.47M | 14.53M | 17.72M |
| Net Income | 9.46M | 9.46M | 7.39M | 6.00M | 5.95M | 14.21M |
Balance Sheet | ||||||
| Total Assets | 523.32M | 523.32M | 537.33M | 594.19M | 454.72M | 532.23M |
| Cash, Cash Equivalents and Short-Term Investments | 246.75M | 246.75M | 106.28M | 96.48M | 77.96M | 104.08M |
| Total Debt | 10.82M | 10.82M | 4.60M | 9.29M | 6.72M | 7.89M |
| Total Liabilities | 247.19M | 247.19M | 261.13M | 315.86M | 172.88M | 246.54M |
| Stockholders Equity | 276.13M | 276.13M | 276.20M | 278.33M | 281.85M | 285.69M |
Cash Flow | ||||||
| Free Cash Flow | 123.05M | 119.64M | 12.68M | 21.59M | -1.72M | -33.74M |
| Operating Cash Flow | 133.32M | 129.92M | 14.17M | 21.69M | -690.00K | -30.52M |
| Investing Cash Flow | 1.01M | 4.52M | 20.93M | 7.58M | -13.45M | 6.57M |
| Financing Cash Flow | -14.29M | -14.39M | -16.27M | -15.09M | -15.35M | -13.29M |
Wecon 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:1793, the sentiment is Positive. The current price of 2.29 is above the 20-day moving average (MA) of 2.26, above the 50-day MA of 1.79, and above the 200-day MA of 0.69, indicating a bullish trend. The MACD of 0.10 indicates Positive momentum. The RSI at 55.89 is Neutral, neither overbought nor oversold. The STOCH value of 38.52 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
Overall Rating
HK:155675Outperform- HK:179361Neutral
HK:190348Neutral
HK:141346Neutral
HK:158242Neutral
HK:144738Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:1556 | 75Outperform | HKD 364.50M | 3.15 | 13.15% | 24.69% | -31.57% | -12.77% |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| HK:1793 | 61Neutral | HKD 1.84B | 192.86 | 3.44% | 0.52% | 0.44% | 27.96% |
| HK:1903 | 48Neutral | HKD 992.50M | -935.39 | -0.44% | ― | 4.76% | -144.68% |
| HK:1413 | 46Neutral | HKD 102.34M | -1.15 | -26.71% | ― | -51.29% | 43.87% |
| HK:1582 | 42Neutral | HKD 197.50M | 15.02 | 1.82% | 8.35% | 28.02% | -68.80% |
| HK:1447 | 38Underperform | HKD 224.00M | 9.52 | 6.28% | 3.57% | -5.52% | -3.29% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:1793 | Wecon Holdings Ltd. | 2.29 | 2.12 | 1226.59% | |
| HK:1413 | Kwong Luen Engineering Holdings Limited | 0.21 | -0.20 | -48.77% | |
| HK:1447 | SFK Construction Holdings Ltd. | 0.56 | 0.10 | 21.21% | |
| HK:1556 | Chinney Kin Wing Holdings Limited | 0.24 | -0.07 | -23.10% | |
| HK:1582 | CR Construction Group Holdings Limited | 0.40 | 0.01 | 1.28% | |
| HK:1903 | JBB Builders International Ltd. | 1.99 | 0.20 | 10.89% |
Wecon Holdings Ltd. Corporate Events
Wecon Board to Consider Special Dividend at November Meeting
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 if...
Wecon extends exclusivity for potential HK$10 million takeover deal
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 agreem...
Wecon Updates Market on Ongoing Due Diligence for Potential Takeover
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 diligence...
Wecon’s Controlling Stake in Talks for Potential Sale That May Trigger Takeover Offer
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, repres...
Wecon Holdings Discloses Potential Change of Control After Unusual Share Movements
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 with...
Wecon Wins Unanimous Shareholder Backing for Dividend and Capital Mandates
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 non...
Wecon Shares Halted Pending Takeover-Related Announcement
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 Chi...
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 14, 2026