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Petro-king Oilfield Services Ltd.
(2178)
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Rating:60Neutral
Price Target:
HK$0.31
▲(510.00% Upside)
Action:Reiterated
Date:08/18/26
The score is driven primarily by improving financial performance (profitability and cash flow turned positive in 2025, with improving leverage), balanced against a choppy multi-year history with margin/cash-flow volatility. Technicals are supportive with strong momentum above key moving averages, but elevated RSI/stochastics suggest near-term overextension. Valuation is only moderate at ~22x earnings with no dividend yield provided.
Positive Factors
Return to Profitability
The return to profitability after several loss years improves internal funding capacity and demonstrates that the operating model can generate shareholder returns. Positive ROE also provides evidence of improved capital efficiency, although durability remains to be proven.
Negative Factors
Uneven Revenue Growth
Although revenue rebounded 11.6% in 2025, the broader record includes declines in 2020, 2021 and 2024. This uneven demand profile suggests exposure to project timing and upstream spending cycles, making sustained growth less dependable.
Read all positive and negative factors
Positive Factors
Negative Factors
Return to Profitability
The return to profitability after several loss years improves internal funding capacity and demonstrates that the operating model can generate shareholder returns. Positive ROE also provides evidence of improved capital efficiency, although durability remains to be proven.
Read all positive factors
Petro-king Oilfield Services Ltd. (2178) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$440.30M
Dividend YieldN/A
Average Volume (3M)5.74M
Price to Earnings (P/E)―
Beta (1Y)-0.28
Revenue Growth-12.73%
EPS Growth98.82%
CountryHK
Employees177
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.01
Shares Outstanding1,726,674,700
10 Day Avg. Volume7,190,806
30 Day Avg. Volume5,740,665
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.44
Price to Sales (P/S)0.32
P/FCF Ratio2.78
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
Petro-king Oilfield Services Ltd. Business Overview & Revenue Model
Company Description
Petro-king Oilfield Services Limited, an investment holding company, provides oilfield technology services in the People’s Republic of China, the Middle East, and internationally. It operates through Oilfield Project Tools and Services, and Consul...
How the Company Makes Money
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Petro-king Oilfield Services Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 273.68M | 292.44M | 314.84M | 313.77M | 163.97M |
| Gross Profit | 226.37M | 225.17M | 38.76M | 24.72M | 5.89M |
| EBITDA | 34.82M | 31.16M | -20.09M | 17.70M | -36.66M |
| Net Income | 23.19M | -17.79M | -73.51M | -28.59M | -105.28M |
Balance Sheet | |||||
| Total Assets | 683.19M | 642.94M | 712.01M | 823.41M | 716.49M |
| Cash, Cash Equivalents and Short-Term Investments | 76.53M | 15.61M | 48.17M | 39.96M | 49.97M |
| Total Debt | 143.06M | 148.65M | 189.95M | 231.15M | 187.15M |
| Total Liabilities | 474.48M | 462.68M | 520.86M | 561.68M | 425.81M |
| Stockholders Equity | 201.58M | 172.82M | 186.83M | 256.05M | 286.01M |
Cash Flow | |||||
| Free Cash Flow | 31.71M | 11.51M | -29.58M | 19.11M | 119.80M |
| Operating Cash Flow | 35.25M | 19.21M | -28.71M | 22.88M | 125.43M |
| Investing Cash Flow | -3.23M | 15.51M | 43.60M | 27.22M | -29.07M |
| Financing Cash Flow | -5.24M | -42.74M | -29.49M | -28.51M | -98.86M |
Petro-king Oilfield Services Ltd. Technical Analysis
Neutral
0.05
Price Trends
0.22
Positive
0.22
Positive
0.17
Positive
Market Momentum
0.02
Positive
47.61
Neutral
9.44
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2178, the sentiment is Neutral. The current price of 0.05 is below the 20-day moving average (MA) of 0.28, below the 50-day MA of 0.22, and below the 200-day MA of 0.17, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 47.61 is Neutral, neither overbought nor oversold. The STOCH value of 9.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2178.
Petro-king Oilfield Services Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$2.46B | 6.75 | 8.55% | 5.16% | 11.66% | 11.67% | |
66 Neutral | HK$15.61B | 12.30 | 8.76% | 4.04% | 6.18% | -5.47% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | HK$57.39B | 15.47 | 8.30% | 4.61% | 6.80% | 14.80% | |
60 Neutral | HK$440.30M | -1,200.00 | -0.18% | ― | -12.73% | 98.82% | |
52 Neutral | HK$383.40M | 5.39 | 2.06% | ― | 12.20% | ― | |
50 Neutral | HK$1.03B | -10.62 | -3.71% | 2.97% | -41.69% | -234.83% |
* Energy Sector Average
HK:2178
Petro-king Oilfield Services Ltd.
0.24
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Petro-king Oilfield Services Ltd. Corporate Events
Petro-king interim results hit by China slowdown as overseas services grow
Aug 14, 2026
Petro-king Oilfield Services Ltd. reported a sharp decline in interim revenue for the six months ended 30 June 2026, as postponed production enhancement work in Southwestern China significantly reduced activity in its core domestic market. Group r...
Petro-king Warns of Sharply Wider Interim Loss on Shale Gas Project Delays
Aug 4, 2026
Petro-king Oilfield Services Ltd. has issued a profit warning, saying it expects to post a loss of up to HK$37.0 million for the six months ended 30 June 2026, compared with a HK$11.8 million loss a year earlier, marking a sharp deterioration in i...
Petro-king Sets August Board Meeting to Review Interim Results and Dividend
Aug 4, 2026
Petro-king Oilfield Services Ltd. has scheduled a board meeting for 14 August 2026 to review the unaudited interim financial results for the six months ended 30 June 2026. The board will also consider the potential declaration of an interim divide...
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.