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Petro-king Oilfield Services Ltd.
(2178)
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Rating:52Neutral
Price Target:
HK$0.21
▲(322.00% Upside)
Action:Reiterated
Date:09/25/26
The score is driven primarily by improving (but still uneven) financial performance—profitability and cash generation recovered in 2025 and leverage is moderating, yet results remain volatile across years. Technicals are a meaningful drag with a bearish trend and negative momentum despite oversold readings. Valuation contributes negatively due to a non-meaningful negative P/E and no dividend yield data.
Positive Factors
Profitability Recovery
The return to profitability alongside renewed revenue growth indicates improved operating performance after several weak years. If sustained, this recovery can strengthen internal funding, support customer execution, and provide a more durable earnings base over the coming quarters.
Negative Factors
Uneven Revenue Trend
The latest rebound has not yet established a consistent growth trajectory, as the multi-year record includes several revenue declines. This uneven demand pattern suggests results remain exposed to changing upstream activity and makes future contract momentum less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Recovery
The return to profitability alongside renewed revenue growth indicates improved operating performance after several weak years. If sustained, this recovery can strengthen internal funding, support customer execution, and provide a more durable earnings base over the coming quarters.
Read all positive factors
Petro-king Oilfield Services Ltd. (2178) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$334.97M
Dividend Yield2.03%
Average Volume (3M)3.44M
Price to Earnings (P/E)―
Beta (1Y)-0.56
Revenue Growth-12.54%
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. Volume1,379,872
30 Day Avg. Volume3,439,659
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
Petro-king Oilfield Services Ltd. generates revenue primarily by (1) selling oilfield products/equipment and (2) providing oilfield-related technical services associated with the deployment, operation, and support of those products for oil and gas...
Petro-king Oilfield Services Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 209.53M | 273.68M | 292.44M | 314.84M | 313.77M | 163.97M |
| Gross Profit | 129.89M | 226.37M | 225.17M | 38.76M | 24.72M | 5.89M |
| EBITDA | 10.31M | 34.82M | 31.16M | -20.09M | 17.70M | -36.66M |
| Net Income | -343.00K | 23.19M | -17.79M | -73.51M | -28.59M | -105.28M |
Balance Sheet | ||||||
| Total Assets | 590.77M | 683.19M | 642.94M | 712.01M | 823.41M | 716.49M |
| Cash, Cash Equivalents and Short-Term Investments | 24.99M | 76.53M | 15.61M | 48.17M | 39.96M | 49.97M |
| Total Debt | 127.42M | 143.06M | 148.65M | 189.95M | 231.15M | 187.15M |
| Total Liabilities | 407.07M | 474.48M | 462.68M | 520.86M | 561.68M | 425.81M |
| Stockholders Equity | 175.81M | 201.58M | 172.82M | 186.83M | 256.05M | 286.01M |
Cash Flow | ||||||
| Free Cash Flow | 35.64M | 31.71M | 11.51M | -29.58M | 19.11M | 119.80M |
| Operating Cash Flow | 55.97M | 35.25M | 19.21M | -28.71M | 22.88M | 125.43M |
| Investing Cash Flow | -20.14M | -3.23M | 15.51M | 43.60M | 27.22M | -29.07M |
| Financing Cash Flow | -35.66M | -5.24M | -42.74M | -29.49M | -28.51M | -98.86M |
Petro-king Oilfield Services Ltd. Technical Analysis
Negative
0.05
Price Trends
0.25
Negative
0.22
Negative
0.18
Positive
Market Momentum
-0.02
Positive
27.86
Positive
24.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2178, the sentiment is Negative. The current price of 0.05 is below the 20-day moving average (MA) of 0.23, below the 50-day MA of 0.25, and below the 200-day MA of 0.18, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 27.86 is Positive, neither overbought nor oversold. The STOCH value of 24.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$2.54B | 6.66 | 8.59% | 5.07% | 11.66% | 11.67% | |
66 Neutral | HK$55.92B | 15.09 | 8.30% | 4.31% | 6.80% | 14.80% | |
66 Neutral | HK$15.01B | 11.46 | 8.76% | 4.37% | 6.18% | -5.47% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
52 Neutral | HK$334.97M | -970.00 | -0.18% | 2.03% | -12.54% | 98.82% | |
50 Neutral | HK$895.98M | -9.19 | -3.71% | 3.75% | -41.69% | -234.83% | |
48 Neutral | HK$420.72M | 5.75 | 2.06% | 1.21% | 12.20% | ― |
* Energy Sector Average
HK:2178
Petro-king Oilfield Services Ltd.
0.19
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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.