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Wah Wo Holdings Group Limited (9938) AI Stock Analysis

HK:9938

Wah Wo Holdings Group Limited

(HKEX:9938)

Select Model
Rating:61Neutral
Price Target:HKD 0.24â–²(5.36% Upside)
Action:reiterated
Date:08/28/26

The overall score reflects a solid but conservative financial foundation, tempered by volatile earnings and cash flow and recent losses, while technicals show only a modestly positive trend and weak valuation further constrains upside.

Positive Factors
Conservative Balance SheetLow leverage and a sizable equity base reduce financial fragility during cyclical construction conditions. Modest debt obligations preserve financial flexibility, allowing the company to withstand weaker project activity and retain capacity for future operating or investment needs.
Negative Factors
Declining RevenueThe 2026 revenue decline and uneven historical top-line performance indicate limited demand and project-flow stability. Persistent revenue variability can reduce operating leverage, make resource planning harder, and weaken the company’s ability to sustain margins across construction cycles.

Wah Wo Holdings Group Limited (9938) vs. iShares MSCI Hong Kong ETF (EWH)

-50%0%50%100%150%200%250%HK:9938+103.64%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 224.00M
Dividend Yield
―
Average Volume (3M)
596.58K
Price to Earnings (P/E)
-44.8
Beta (1Y)
1.10
Revenue Growth
-14.83%
EPS Growth
-129.76%
Country
Hong Kong
Employees
172
Sector
Industrials
Sector Strength
63
Industry
Engineering & Construction

Wah Wo Holdings Group Limited Business Overview & Revenue Model

Company Description

Wah Wo Holdings Group Limited functions as an investment holding entity, specializing in aluminum-related solutions and services across Hong Kong. The company primarily focuses on exterior architectural elements, providing façade works that encompass...

How the Company Makes Money

null

Wah Wo Holdings Group Limited Financial Statement Overview

Summary

A conservative balance sheet with low debt and solid equity is offset by volatile revenues, recent net losses, and inconsistent cash flows, resulting in moderate overall financial strength.

Income Statement

52Neutral

Balance Sheet

78Positive

Cash Flow

60Neutral
Financial statement breakdown
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue410.61M410.61M482.12M238.43M208.35M223.06M
Gross Profit47.15M47.15M55.73M21.25M25.26M16.37M
EBITDA17.56M16.38M26.35M-58.54M7.71M4.28M
Net Income-5.02M-5.02M16.83M-55.11M2.85M1.42M
Balance Sheet
Total Assets302.52M302.52M280.37M269.77M281.59M267.75M
Cash, Cash Equivalents and Short-Term Investments109.80M109.80M53.21M31.58M63.55M62.78M
Total Debt797.00K797.00K6.34M10.13M437.00K1.73M
Total Liabilities100.04M100.04M73.00M79.14M35.85M24.86M
Stockholders Equity202.49M202.49M207.36M190.63M245.75M242.89M
Cash Flow
Free Cash Flow24.87M24.87M44.45M-10.88M42.69M55.23M
Operating Cash Flow24.87M24.87M44.82M-9.95M45.65M55.41M
Investing Cash Flow-640.00K-640.00K-21.64M-28.61M-43.58M-65.94M
Financing Cash Flow-6.51M-6.51M-678.00K5.71M-1.29M-1.52M

Wah Wo Holdings Group Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price0.22

Price Trends

50DMA0.25Negative
100DMA0.25Negative
200DMA0.21Positive

Market Momentum

MACD-0.01Positive
RSI28.37Positive
STOCH40.41Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9938, the sentiment is Negative. The current price of 0.22 is below the 20-day moving average (MA) of 0.24, below the 50-day MA of 0.25, and above the 200-day MA of 0.21, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 28.37 is Positive, neither overbought nor oversold. The STOCH value of 40.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9938.

Wah Wo Holdings Group Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

HK:9938 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
HK:9938HK:993861NeutralHKD 224.00M-44.80-2.42%―-14.83%-129.76%
HK:1897HK:189755NeutralHKD 181.03M30.271.14%2.00%-22.26%-33.78%
HK:1653HK:165353NeutralHKD 661.62M-36.70-13.58%―4.31%-426.67%
HK:3313HK:331344NeutralHKD 95.28M-0.96-16.95%―6.83%77.80%
HK:1592HK:159238UnderperformHKD 199.79M-0.61118.96%―-50.93%43.67%

* Industrials Sector Average

Performance Comparison

0%100%200%HK:9938HK:1592HK:1653HK:1897HK:3313Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:9938 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:9938Wah Wo Holdings Group Limited0.220.12107.41%
HK:1592Anchorstone Holdings Limited0.14-0.06-29.59%
HK:1653MOS House Group Limited2.290.9672.18%
HK:1897Million Hope Industries Holdings Ltd.0.450.036.89%
HK:3313ArtGo Holdings Ltd.0.67-0.78-53.76%

Wah Wo Holdings Group Limited Corporate Events

Wah Wo Holdings Shareholders Approve AGM Resolutions and New Auditor

Sep 30, 2026

Shareholders of Wah Wo Holdings Group Limited unanimously approved all resolutions at the annual general meeting held on September 30, 2026, including receipt of the 2025-26 audited accounts, re-election of directors and authority for the board to se...

Wah Wo Details Governance Process for Auditor Change, Backs Wilson & Partners CPA

Sep 24, 2026

Wah Wo Holdings Group Limited has detailed the internal governance framework it follows for appointing, reappointing and removing its external auditor, highlighting the central role of its audit committee and its adherence to published terms of refer...

Wah Wo Holdings Sets 2026 AGM to Approve Results and Expand Share Issue Mandate

Aug 31, 2026

Wah Wo Holdings Group Limited has called its annual general meeting for 30 September 2026 in Hong Kong, where shareholders will review and adopt the audited consolidated financial statements and directors’ and auditor’s reports for the ye...

Wah Wo Proposes Overhaul of Constitutional Documents to Meet New Regulatory Standards

Aug 27, 2026

Wah Wo Holdings Group Limited plans to replace its existing memorandum and articles of association with a third amended and restated version to align with updated Cayman Islands laws and Hong Kong Listing Rules. The changes focus on regulatory update...

Wah Wo Holdings to Replace Long-Standing Auditor in Governance Refresh

Aug 26, 2026

Wah Wo Holdings Group Limited has announced that its long-time auditor RSM Hong Kong will retire at the conclusion of the annual general meeting scheduled for 30 September 2026 and will not seek reappointment. The board and audit committee emphasized...

Wah Wo Holdings Further Delays AGM and Resets Book Closure Dates

Aug 20, 2026

Wah Wo Holdings Group Limited has announced a further postponement of its annual general meeting, moving the date from 22 September 2026 to 30 September 2026, to allow more time to finalize the AGM notice and circular. The rescheduling reflects an ad...

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.

Date of analysis: Aug 28, 2026