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KWG Group Holdings
(1813)
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Rating:39Underperform
Price Target:
HK$0.08
▼(-18.00% Downside)
Action:Downgraded
Date:07/01/26
The score is primarily weighed down by severe balance-sheet leverage and ongoing losses amid declining revenue. Technicals add additional pressure as the stock trades below all major moving averages, reinforcing a downtrend. Valuation provides little support because the company is loss-making (negative P/E) and no dividend yield is available in the data.
Positive Factors
Positive cash generation
Positive operating and free cash flow provides an internal funding source despite reported losses. If sustained, this can support essential operations and reduce reliance on external financing, although the benefit remains constrained by the company’s very high leverage and historical cash-flow volatility.
Negative Factors
Extreme leverage
The sharp increase in debt relative to equity leaves only a thin capital buffer against asset declines or operating setbacks. Such leverage can restrict financial flexibility, increase refinancing and solvency risk, and make future growth dependent on continued access to funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive cash generation
Positive operating and free cash flow provides an internal funding source despite reported losses. If sustained, this can support essential operations and reduce reliance on external financing, although the benefit remains constrained by the company’s very high leverage and historical cash-flow volatility.
Read all positive factors
KWG Group Holdings (1813) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$304.06M
Dividend Yield17.32%
Average Volume (3M)870.23K
Price to Earnings (P/E)―
Beta (1Y)3.13
Revenue Growth-48.10%
EPS Growth-106.59%
CountryHK
Employees1,600
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-1.11
Shares Outstanding3,418,884,000
10 Day Avg. Volume460,261
30 Day Avg. Volume870,229
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.26
Price to Sales (P/S)0.07
P/FCF Ratio0.20
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)-0.1
Revenue Forecast (FY)HK$10.36B
KWG Group Holdings Business Overview & Revenue Model
Company Description
KWG Group Holdings Limited, together with its subsidiaries, engages in the property development and investment, and hotel operation businesses in Mainland China and Hong Kong. The company's property portfolio consists of mid- to high-end residenti...
How the Company Makes Money
KWG Group Holdings primarily generates revenue from its real estate business. Its main earnings typically come from: (1) Property development sales: Revenue is recognized from selling developed properties (primarily residential units and, where ap...
KWG Group Holdings Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.85B | 6.76B | 11.06B | 15.81B | 13.45B | 23.84B |
| Gross Profit | -997.31M | -1.45B | 1.89B | -2.64B | -2.10B | 5.05B |
| EBITDA | -2.30B | -2.95B | -4.53B | -14.42B | -10.18B | 1.27B |
| Net Income | -3.78B | -3.27B | -8.09B | -18.73B | -9.24B | 2.42B |
Balance Sheet | ||||||
| Total Assets | 144.98B | 147.63B | 153.34B | 167.47B | 199.88B | 232.25B |
| Cash, Cash Equivalents and Short-Term Investments | 719.17M | 634.66M | 787.45M | 10.78B | 21.48B | 38.37B |
| Total Debt | 72.22B | 73.69B | 73.01B | 73.91B | 76.29B | 78.16B |
| Total Liabilities | 139.49B | 140.98B | 144.20B | 149.39B | 159.68B | 172.55B |
| Stockholders Equity | 584.92M | 1.70B | 4.00B | 12.73B | 31.50B | 44.32B |
Cash Flow | ||||||
| Free Cash Flow | 1.14B | 2.20B | 1.66B | 985.27M | 10.04B | -1.93B |
| Operating Cash Flow | 1.15B | 2.22B | 1.93B | 1.07B | 11.23B | -21.82M |
| Investing Cash Flow | -553.04M | -600.16M | -55.02M | 1.81B | -2.81B | -34.09B |
| Financing Cash Flow | -629.48M | -1.59B | -2.51B | -5.46B | -12.83B | 1.23B |
KWG Group Holdings Technical Analysis
Negative
0.10
Price Trends
0.10
Negative
0.11
Negative
0.14
Negative
Market Momentum
>-0.01
Positive
37.33
Neutral
34.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1813, the sentiment is Negative. The current price of 0.1 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.10, and below the 200-day MA of 0.14, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 37.33 is Neutral, neither overbought nor oversold. The STOCH value of 34.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1813.
KWG Group Holdings Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
44 Neutral | HK$440.80M | -0.47 | -32.31% | 13.53% | 11.33% | 6.38% | |
43 Neutral | HK$227.45M | -0.09 | -83.92% | 3.66% | -38.81% | -39.14% | |
43 Neutral | HK$150.21M | <0.01 | 233.62% | 2.06% | 25.99% | ― | |
41 Neutral | HK$400.00M | -0.18 | -24.20% | 3.33% | -54.15% | -39.05% | |
39 Underperform | HK$304.06M | -0.07 | -330.41% | 17.32% | -48.10% | -106.59% | |
39 Underperform | HK$214.07M | >-0.01 | 40.42% | 7.27% | -18.03% | -27.09% |
* Real Estate Sector Average
HK:1813
KWG Group Holdings
0.09
-0.18
-67.17%
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Guorui Properties Ltd
0.09
-0.08
-45.61%
HK:1777
Fantasia Holdings Group Co. Ltd.
0.05
-0.45
-90.20%
HK:1243
Wang On Properties Ltd.
0.03
-0.01
-28.21%
HK:1628
Yuzhou Group Holdings Co., Ltd.
0.12
-0.14
-54.90%
HK:3688
Top Spring International Holdings Limited
0.16
-0.20
-55.28%
KWG Group Holdings Corporate Events
KWG Group Wins Strong Creditor Backing as Consent Fee Window Closes in Offshore Debt Revamp
Sep 28, 2026
KWG Group Holdings has reported that consent fee deadlines under its offshore debt restructuring support agreement have expired, with about 76.33% of its in-scope offshore debt now represented by creditors who have acceded. This high participation...
KWG Group’s August Pre-Sales Slump Signals Mounting Pressure in China Property Market
Sep 8, 2026
KWG Group Holdings reported unaudited operating data for August 2026 showing pre-sales value of RMB161 million, a steep 73.6% decline from a year earlier, and pre-sales area of about 9,200 square meters, down 62.9% year-on-year. The company cautio...
KWG Group Extends Consent Deadline as Offshore Debt Restructuring Gains Majority Support
Sep 7, 2026
KWG Group Holdings has secured the support of holders representing about 75.47% of the principal amount of its in-scope offshore debt for its restructuring support agreement, underscoring significant creditor participation in its ongoing debt work...
KWG Group widens interim loss as property headwinds and debt costs persist
Aug 27, 2026
KWG Group Holdings reported unaudited interim results for the six months ended 30 June 2026, showing revenue of RMB1.88 billion, down sharply from RMB3.79 billion a year earlier, but with gross profit improving to RMB295 million as cost of sales f...
KWG Group Updates Auditor Name in Administrative Change
Aug 25, 2026
KWG Group Holdings Limited has announced a change in the English and Chinese names of its external auditor, with Prism Hong Kong Limited now operating as CLA Prism Hong Kong Limited in both language versions. The renaming, effective 21 August 2026...
KWG Group Extends Consent Deadline as Majority of Offshore Creditors Back Debt Restructuring
Aug 24, 2026
KWG Group Holdings has secured support from holders of approximately 75.33% of its in-scope offshore debt to accede to its restructuring support agreement, underscoring substantial creditor alignment around its ongoing offshore debt restructuring....
KWG Group Sets August Board Meeting to Approve Interim Results and Dividend
Aug 14, 2026
KWG Group Holdings has scheduled a board meeting for 27 August 2026 to approve the publication of its interim results for the six months ended 30 June 2026 and to consider declaring an interim dividend. The announcement signals an upcoming update ...
KWG Group Pre-Sales Slump Deepens in July 2026
Aug 11, 2026
KWG Group Holdings reported unaudited operating statistics for July 2026 showing pre-sales value of RMB203 million from the group and its joint ventures and associates, a steep year-on-year decline of 67.0%. The corresponding pre-sales area fell t...
KWG Group Extends Consent Deadlines as Offshore Debt Restructuring Gains Majority Support
Aug 10, 2026
KWG Group Holdings has secured support from holders of around 74.17% of its In-Scope Debt for its ongoing offshore debt restructuring, marking substantial creditor alignment under its restructuring support agreement. The company is offering consen...
KWG Group Subsidiaries Censured Over Debt Disclosure Lapses
Jul 31, 2026
KWG Group Holdings has disclosed that its subsidiaries Guangzhou Hejing and Guangzhou Tianjian, together with executive director and CEO Kong Jiantao, were subjected to an administrative regulatory measure by the Guangdong Securities Regulatory Bu...
KWG Group Hearing on Winding-Up Petition Deferred to December 2026
Jul 29, 2026
KWG Group Holdings has announced that the High Court has rescheduled the hearing of a winding-up petition against the company to 21 December 2026, extending the timeline of an ongoing legal process that has been the subject of multiple prior compa...
KWG Group Extends Deadlines as Majority of Offshore Creditors Back Debt Restructuring
Jul 27, 2026
KWG Group Holdings Limited has announced further progress on its offshore debt restructuring, reporting that holders of about 71.17% of its in-scope debt have agreed to or are in the process of acceding to its restructuring support agreement. The ...
KWG Extends Consent Deadlines to Boost Support for Offshore Debt Restructuring
Jul 13, 2026
KWG Group Holdings has secured support from holders of about 66.49% of its in-scope offshore debt for its restructuring support agreement and has extended key consent fee deadlines to give remaining scheme creditors more time to complete internal ...
KWG Group’s June Pre-Sales Slump 61% Amid Market Headwinds
Jul 6, 2026
KWG Group Holdings reported unaudited pre-sales for June 2026 of RMB254 million across its group, joint ventures, and associates, marking a sharp 61.1% year-on-year decline. The corresponding pre-sales area was about 16,600 square meters, down 21....
KWG Group Wins HKEX Waiver to Delay Disposal Circular
Jun 30, 2026
KWG Group Holdings has obtained a waiver from the Stock Exchange of Hong Kong allowing it to postpone the dispatch of a shareholder circular related to a disposal transaction. The extension, granted on 29 June 2026, gives the company until 24 July...
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.