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Time Watch Investments Ltd.
(2033)
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Rating:50Neutral
Price Target:
HK$0.22
â–¼(-25.86% Downside)
Action:Reiterated
Date:10/30/26
Overall score is held back primarily by deteriorating financial performance (contracting revenue and losses) and a weak technical backdrop (price below key moving averages with negative MACD). The score is supported by low leverage and positive free cash flow, which provide balance-sheet and liquidity resilience, but valuation remains difficult to underwrite due to negative earnings and no dividend data.
Positive Factors
Low Leverage
Very low leverage reduces solvency and refinancing pressure, preserving financial flexibility while the company works through weaker earnings. A stable asset and equity base also gives management more capacity to sustain operations and pursue recovery without relying heavily on additional borrowing.
Negative Factors
Revenue Contraction
Repeated revenue contraction signals persistent pressure on demand, distribution reach, or the operating footprint rather than a temporary quarterly fluctuation. Continued top-line decline can reduce scale benefits, weaken fixed-cost absorption, and make a durable return to profitability more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low leverage reduces solvency and refinancing pressure, preserving financial flexibility while the company works through weaker earnings. A stable asset and equity base also gives management more capacity to sustain operations and pursue recovery without relying heavily on additional borrowing.
Read all positive factors
Time Watch Investments Ltd. (2033) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$442.48M
Dividend Yield3.08%
Average Volume (3M)98.60K
Price to Earnings (P/E)―
Beta (1Y)0.31
Revenue Growth-12.05%
EPS Growth-368.24%
CountryHK
Employees1,900
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)-0.04
Shares Outstanding2,058,068,000
10 Day Avg. Volume61,800
30 Day Avg. Volume98,600
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.24
Price to Sales (P/S)0.87
P/FCF Ratio12.09
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
Time Watch Investments Ltd. Business Overview & Revenue Model
Company Description
Time Watch Investments Limited operates as an investment holding company, deeply embedded in the horology market of the People's Republic of China. This enterprise is comprehensively engaged in the production, brand management, and retail distribu...
Time Watch Investments Ltd. Financial Statement Overview
Summary
Income Statement
30
Negative
Balance Sheet
78
Positive
Cash Flow
62
Positive
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 606.35M | 689.43M | 881.04M | 981.76M | 1.41B |
| Gross Profit | 411.69M | 494.15M | 641.15M | 721.00M | 1.02B |
| EBITDA | -32.64M | -38.78M | 97.51M | 108.82M | 114.18M |
| Net Income | -81.85M | -17.54M | 33.64M | 37.07M | 33.02M |
Balance Sheet | |||||
| Total Assets | 2.48B | 2.47B | 2.54B | 2.62B | 2.94B |
| Cash, Cash Equivalents and Short-Term Investments | 1.28B | 1.18B | 1.15B | 1.16B | 970.41M |
| Total Debt | 70.16M | 38.91M | 27.46M | 31.49M | 41.17M |
| Total Liabilities | 248.35M | 209.33M | 224.71M | 232.00M | 325.75M |
| Stockholders Equity | 2.23B | 2.26B | 2.31B | 2.39B | 2.58B |
Cash Flow | |||||
| Free Cash Flow | 43.40M | 71.70M | 140.54M | 33.79M | 85.53M |
| Operating Cash Flow | 50.10M | 102.27M | 178.78M | 107.61M | 175.50M |
| Investing Cash Flow | -100.49M | -75.09M | 82.16M | -21.08M | 481.84M |
| Financing Cash Flow | 1.66M | -24.88M | -89.55M | -122.08M | -60.71M |
Time Watch Investments Ltd. Technical Analysis
Negative
0.29
Price Trends
0.22
Negative
0.24
Negative
0.27
Negative
Market Momentum
>-0.01
Positive
43.52
Neutral
16.84
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2033, the sentiment is Negative. The current price of 0.29 is above the 20-day moving average (MA) of 0.22, above the 50-day MA of 0.22, and above the 200-day MA of 0.27, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.52 is Neutral, neither overbought nor oversold. The STOCH value of 16.84 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2033.
Time Watch Investments Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$11.01B | 11.21 | 11.35% | 10.32% | 2.33% | -22.20% | |
74 Outperform | HK$573.68M | 5.04 | 11.96% | 6.90% | 1.49% | -9.08% | |
74 Outperform | HK$441.32M | 5.06 | 26.54% | 7.48% | 17.32% | 34.39% | |
66 Neutral | HK$17.97B | 8.34 | 16.79% | 6.20% | 1.27% | -8.74% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
50 Neutral | HK$442.48M | -5.40 | -3.67% | 3.08% | -12.05% | -368.24% | |
46 Neutral | HK$200.79M | -3.91 | -11.48% | 25.32% | -34.67% | 48.99% |
* Consumer Cyclical Sector Average
HK:2033
Time Watch Investments Ltd.
0.22
-0.11
-32.81%
HK:1910
Samsonite International SA
12.92
-2.53
-16.39%
HK:0210
Daphne International Holdings
0.29
-0.11
-27.86%
HK:0738
Le Saunda Holdings
0.30
0.07
29.96%
HK:1836
Stella International Holdings Limited
13.08
-2.02
-13.38%
HK:2683
Wah Sun Handbags International Holdings Ltd.
1.08
0.31
39.35%
Time Watch Investments Ltd. Corporate Events
Time Watch unit extends RMB19 million connected loan to CEO
Oct 26, 2026
Time Watch Investments has entered into a connected transaction in which its indirect wholly owned subsidiary Tian Wang Electronics will grant a RMB19 million loan to chief executive and controlling shareholder Mr. Tung Koon Ming. The one-year fac...
Time Watch Sets AGM to Approve Results, Board Mandates and Share Issuance Powers
Oct 26, 2026
Time Watch Investments Limited, a Hong Kong-listed watch and timepiece company incorporated in the Cayman Islands, operates through subsidiaries under a structured corporate governance and audit framework. The firm adheres to Hong Kong listing rul...
Time Watch Swings to Deeper Loss as Revenue and Margins Decline
Sep 29, 2026
Time Watch Investments Limited reported a challenging FY2026, with revenue falling 12.1% to HK$606.3 million and gross profit down 16.9% to HK$397.1 million. The gross profit margin narrowed to 65.5% from 69.3%, reflecting weaker sales performance...
Time Watch to Update Articles Ahead of Hong Kong Market Reforms
Sep 29, 2026
Time Watch Investments Limited plans to modernize its constitutional documents as it responds to evolving Hong Kong listing rules and market infrastructure. The board has proposed a second amended and restated set of articles of association design...
Time Watch Warns of Sharply Higher FY2026 Loss on Weaker China Retail Market
Sep 22, 2026
Time Watch Investments Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates in the watch and retail accessories sector. The group focuses on selling timepieces through points of sale across the People’s Republic of C...
Time Watch Sets Board Meeting to Approve Annual Results and Consider Dividend
Sep 17, 2026
Time Watch Investments Ltd., a Hong Kong-listed Cayman-incorporated company in the watch and timepiece industry, is overseen by chairman Tung Koon Ming alongside a mix of executive and independent non-executive directors. The group manages watch-r...
Time Watch Renews Connected Supply Deal with ILG Through 2028
Jul 31, 2026
Time Watch Investments Limited has renewed its master supply agreement with ILG, signing a 2026 Master Supply Agreement under which the group will supply watches and watch movements to ILG Group members from 1 August 2026 to 30 June 2028. The deal...
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.