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Tsit Wing International Holdings Limited
(2119)
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Rating:70Outperform
Price Target:
HK$0.50
▼(-8.91% Downside)
Action:Upgraded
Date:08/04/26
The score is supported primarily by attractive valuation (low P/E and ~7.1% dividend yield) and a strong, low-leverage balance sheet. Offsetting these positives, 2025 profitability and cash generation weakened meaningfully despite strong revenue growth, and the technical setup remains soft with the price below key moving averages and negative MACD.
Positive Factors
Low leverage / strong balance sheet
Very low debt-to-equity (~0.05) provides durable financial flexibility and lowers solvency risk. This conservatism supports operations through commodity and demand cycles, enables sustaining dividends or targeted capex, and allows opportunistic investment without stressing liquidity.
Negative Factors
Significant margin compression
Marked decline in gross and operating margins indicates pricing pressure or rising input/operational costs that erode core profitability. Structural margin compression reduces reinvestment capacity and the buffer for shocks, making long-term earnings less resilient absent margin recovery actions.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Very low debt-to-equity (~0.05) provides durable financial flexibility and lowers solvency risk. This conservatism supports operations through commodity and demand cycles, enables sustaining dividends or targeted capex, and allows opportunistic investment without stressing liquidity.
Read all positive factors
Tsit Wing International Holdings Limited (2119) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$327.93M
Dividend Yield6.89%
Average Volume (3M)124.69K
Price to Earnings (P/E)8.0
Beta (1Y)0.17
Revenue Growth7.32%
EPS Growth-12.97%
CountryHK
Employees352
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)0.06
Shares Outstanding720,731,500
10 Day Avg. Volume32,400
30 Day Avg. Volume124,687
Financial Highlights & Ratios
PEG Ratio-0.34
Price to Book (P/B)0.76
Price to Sales (P/S)0.51
P/FCF Ratio17.44
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
Tsit Wing International Holdings Limited Business Overview & Revenue Model
Company Description
Tsit Wing International Holdings Limited, an investment holding entity, supplies a wide array of beverages and food products to customers across Hong Kong, mainland China, Canada, Australia, the United States, Taiwan, the Philippines, Malaysia, Si...
How the Company Makes Money
Tsit Wing primarily makes money by supplying coffee and tea products to business customers through a B2B distribution and sales model. Its key revenue streams typically include: (1) Sales of roasted coffee and coffee-related products: revenue gene...
Tsit Wing International Holdings Limited Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
84
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 807.16M | 789.16M | 721.12M | 728.93M | 695.94M | 766.79M |
| Gross Profit | 201.29M | 222.06M | 245.96M | 239.50M | 234.76M | 298.98M |
| EBITDA | 77.82M | 72.46M | 110.16M | 99.33M | 98.92M | 140.70M |
| Net Income | 41.57M | 42.73M | 59.09M | 48.71M | 47.42M | 80.24M |
Balance Sheet | ||||||
| Total Assets | 708.40M | 714.23M | 680.17M | 735.12M | 730.57M | 762.45M |
| Cash, Cash Equivalents and Short-Term Investments | 179.11M | 153.27M | 170.45M | 253.75M | 189.79M | 272.11M |
| Total Debt | 15.80M | 25.54M | 33.23M | 25.09M | 26.65M | 29.11M |
| Total Liabilities | 157.14M | 186.34M | 170.51M | 144.68M | 155.34M | 173.93M |
| Stockholders Equity | 551.26M | 527.89M | 509.66M | 590.44M | 575.24M | 588.52M |
Cash Flow | ||||||
| Free Cash Flow | 72.71M | 23.15M | 49.04M | 105.56M | -34.53M | 66.38M |
| Operating Cash Flow | 99.27M | 47.72M | 77.13M | 143.35M | 41.80M | 97.59M |
| Investing Cash Flow | -27.43M | -26.16M | -7.12M | -32.04M | -72.87M | -30.04M |
| Financing Cash Flow | -40.83M | -39.37M | -152.33M | -46.01M | -44.68M | -74.30M |
Tsit Wing International Holdings Limited Technical Analysis
Positive
0.55
Price Trends
0.45
Positive
0.46
Positive
0.47
Negative
Market Momentum
<0.01
Positive
54.44
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2119, the sentiment is Positive. The current price of 0.55 is above the 20-day moving average (MA) of 0.46, above the 50-day MA of 0.45, and above the 200-day MA of 0.47, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 54.44 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2119.
Tsit Wing International Holdings Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | HK$446.93B | 22.34 | 44.39% | 2.87% | 26.71% | 31.59% | |
74 Outperform | HK$27.74B | 108.00 | 9.12% | 1.35% | -13.68% | -19.91% | |
71 Outperform | HK$30.69B | 12.15 | 16.17% | 7.74% | 3.65% | 4.00% | |
71 Outperform | HK$17.20B | 19.65 | 7.15% | 5.42% | ― | ― | |
70 Outperform | HK$327.93M | 7.97 | 7.70% | 6.89% | 7.32% | -12.97% | |
66 Neutral | HK$10.53B | 10.07 | 12.97% | 4.70% | 4.39% | 8.53% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% |
* Consumer Defensive Sector Average
HK:2119
Tsit Wing International Holdings Limited
0.46
-0.10
-17.57%
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China Resources Beverage (Holdings) Company Limited
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Tsit Wing International Holdings Limited Corporate Events
Tsit Wing Sets August Board Meeting to Review Interim Results and Dividend
Aug 4, 2026
Tsit Wing International Holdings Limited has scheduled a board meeting for 14 August 2026 to review and approve the unaudited condensed consolidated financial results for the six months ended 30 June 2026. The board will also consider the declarat...
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.