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Kwan Yong Holdings Limited (9998) AI Stock Analysis

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HK:9998

Kwan Yong Holdings Limited

(HKEX:9998)

Select Model
Rating:82Outperform
Price Target:HKD 0.53â–²(16.04% Upside)
Action:reiterated
Date:09/27/26

The score is driven primarily by above-average financial performance (improved profitability, strong recent cash generation, and very low leverage) and a very compelling valuation (low P/E plus ~3.9% dividend yield). Technicals add support as price is above key moving averages with positive momentum indicators, while revenue and free-cash-flow declines in 2026 temper the otherwise strong fundamentals.

Positive Factors
Improved ProfitabilityMaterial margin expansion into 2025–2026 indicates stronger recent earnings quality and improved profitability. If maintained, higher margins can strengthen internal funding capacity and provide greater resilience against project-level cost or revenue fluctuations.
Negative Factors
Revenue DeclineThe sharp 2026 top-line decline weakens confidence that the recent earnings improvement can be sustained at the same pace. Continued revenue volatility could reduce operating leverage, limit growth investment, and make future profitability more dependent on project timing or mix.

Kwan Yong Holdings Limited (9998) vs. iShares MSCI Hong Kong ETF (EWH)

-40%-30%-20%-10%0%10%20%HK:9998-9.00%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 364.00M
Dividend Yield
4.40%
Average Volume (3M)
528.47K
Price to Earnings (P/E)
3.0
Beta (1Y)
0.96
Revenue Growth
-4.08%
EPS Growth
60.53%
Country
Hong Kong
Employees
457
Sector
Industrials
Sector Strength
63
Industry
Engineering & Construction

Kwan Yong Holdings Limited Business Overview & Revenue Model

Company Description

Kwan Yong Holdings Limited, an investment holding company, engages in the provision of general building and construction services in Singapore. It operates through Construction and Property segments. The company offers building construction works, su...

Kwan Yong Holdings Limited Financial Statement Overview

Summary

Above-average financial quality: profitability and margins improved materially into 2025–2026, supported by a conservatively financed balance sheet with very low leverage. Offsetting this strength, revenue declined in 2026 (~-11.2%) and free cash flow fell (~-24.5%), highlighting cyclicality/project-timing sensitivity.

Income Statement

74Positive

Balance Sheet

86Very Positive

Cash Flow

79Positive
Financial statement breakdown
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue222.96M223.65M239.92M133.83M111.44M77.77M
Gross Profit33.53M33.61M24.63M7.74M8.61M3.76M
EBITDA24.28M24.33M15.33M382.00K3.58M-283.00K
Net Income19.87M19.90M12.77M1.57M2.33M-391.00K
Balance Sheet
Total Assets215.17M215.17M175.10M98.92M85.29M71.84M
Cash, Cash Equivalents and Short-Term Investments139.07M139.07M94.35M42.03M23.37M14.09M
Total Debt2.38M2.38M2.85M4.45M3.36M4.85M
Total Liabilities146.13M146.13M123.13M59.90M47.87M36.83M
Stockholders Equity69.04M69.04M51.97M39.01M37.42M35.02M
Cash Flow
Free Cash Flow62.69M62.33M55.97M17.64M8.83M-15.26M
Operating Cash Flow63.87M63.51M57.23M19.62M9.41M-14.68M
Investing Cash Flow-21.09M-21.08M1.37M176.00K1.25M-1.53M
Financing Cash Flow-3.73M-3.73M-6.08M-1.52M-1.62M-2.29M

Kwan Yong Holdings Limited Technical Analysis

Technical Analysis SentimentNeutral
Last Price0.46

Price Trends

50DMA0.46Negative
100DMA0.42Positive
200DMA0.43Positive

Market Momentum

MACD-0.01Positive
RSI43.61Neutral
STOCH20.74Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9998, the sentiment is Neutral. The current price of 0.46 is below the 20-day moving average (MA) of 0.48, below the 50-day MA of 0.46, and above the 200-day MA of 0.43, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 43.61 is Neutral, neither overbought nor oversold. The STOCH value of 20.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:9998.

Kwan Yong Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

HK:9998 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:9998HK:999882OutperformHKD 364.00M2.9931.72%4.40%-4.08%60.53%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
HK:0896HK:089647NeutralHKD 316.56M-0.35-31.01%―-22.33%-203.23%
HK:1413HK:141346NeutralHKD 102.34M-1.15-26.71%―-51.29%43.87%
HK:1447HK:144738UnderperformHKD 224.00M9.526.28%3.57%-5.52%-3.29%
HK:0406HK:040634UnderperformHKD 216.84M-1.07-15.28%―13.50%-106.11%

* Industrials Sector Average

Performance Comparison

-50%0%50%HK:9998HK:0896HK:0406HK:1408HK:1413HK:1447Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:9998 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:9998Kwan Yong Holdings Limited0.46-0.01-3.19%
HK:0896Hanison Construction Holdings 0.290.0519.43%
HK:0406Yau Lee Holdings Limited0.49-0.20-29.29%
HK:1408Macau E&M Holding Limited0.390.1565.95%
HK:1413Kwong Luen Engineering Holdings Limited0.21-0.20-48.77%
HK:1447SFK Construction Holdings Ltd.0.560.1021.21%

Kwan Yong Holdings Limited Corporate Events

Kwan Yong Holdings Sets AGM to Seek Fresh Share Issuance Mandate

Oct 28, 2026

Kwan Yong Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong under stock code 9998, operates as a holding company with subsidiaries whose audited financials are prepared for the year ended 30 June 2026. The group’s sha...

Kwan Yong Plans New Corporate Constitution to Enable Uncertificated Shares

Oct 21, 2026

Kwan Yong Holdings Limited plans to replace its existing Third Amended and Restated Memorandum and Articles of Association with a Fourth Amended and Restated version to modernise its corporate constitution. The changes include provisions to support a...

Kwan Yong Wins BCA Project of the Year 2026 for Singapore School Build

Sep 28, 2026

Kwan Yong Holdings Limited, a Hong Kong-listed construction group operating mainly in Singapore via Kwan Yong Construction Pte Ltd, focuses on institutional and other building projects that integrate sustainable design and digital technologies. The c...

Kwan Yong Holdings Boosts Profit Despite Lower Revenue in FY2026

Sep 24, 2026

Kwan Yong Holdings Limited reported a decline in revenue to SGD222.5 million for the year ended 30 June 2026, down from SGD239.9 million a year earlier, but significantly improved profitability. Gross profit rose to SGD33.9 million from SGD24.6 milli...

Kwan Yong Holdings Declares Final Dividend for FY2026

Sep 24, 2026

Kwan Yong Holdings Limited has declared a final ordinary cash dividend of HKD 0.03 per share for the financial year ended 30 June 2026, payable in Hong Kong dollars. The dividend, subject to shareholder approval on 17 December 2026, will have an ex-d...

Kwan Yong forecasts sharp profit rise on stronger project cost controls

Sep 14, 2026

Kwan Yong Holdings Limited has alerted investors that it expects net profit attributable to shareholders for the year ended 30 June 2026 to rise to about SGD19.8 million, up from roughly SGD12.8 million a year earlier. The improvement reflects better...

Kwan Yong Sets Board Meeting to Approve 2026 Final Results and Mull Dividend

Sep 11, 2026

Kwan Yong Holdings Limited has scheduled a board meeting for 24 September 2026 to review and approve its final results for the financial year ended 30 June 2026. The board will also consider the publication of these results, reflecting standard discl...

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: Sep 27, 2026