Wong's International Holdings (0099) AI Stock Analysis

• Market Cap: HK$593.32M
• Dividend Yield: 4.84%
• Average Volume (3M): 15.69K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.42
• Revenue Growth: -16.35%
• EPS Growth: -648.31%
• Country: HK
• Employees: 2,213
• Sector: Technology
• Sector Strength: 78
• Industry: Consumer Electronics
• EPS (TTM): -1.75
• Shares Outstanding: 478,483,800
• 10 Day Avg. Volume: 26,000
• 30 Day Avg. Volume: 15,688
• PEG Ratio: 0.32
• Price to Book (P/B): 0.22
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -15.68
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 44 Neutral
• Price Target: ―

Wong's International Holdings is currently facing significant financial difficulties, with declining revenues, profitability, and cash flows. Technical indicators are weak, suggesting continued bearish sentiment. Although the dividend yield provides some shareholder return, the negative P/E ratio indicates underlying profitability issues. The overall outlook is negative, with a score of 44 reflecting these challenges.

Wong's International Holdings Business Overview & Revenue Model

Company Description

Wong's International Holdings (0099) is a diversified company headquartered in Hong Kong, operating primarily in the electronics manufacturing and distribution sectors. The company is engaged in the manufacturing of electronic products, as well as the provision of electronic manufacturing services (EMS). Its core product offerings include printed circuit boards, electronic components, and complete electronic products for various industries, such as telecommunications, consumer electronics, and industrial electronics. Wong's International Holdings also operates in the property development and investment sectors, contributing to its diversified business portfolio.

How the Company Makes Money

Wong's International Holdings makes money through multiple revenue streams. The primary source of revenue is its electronics manufacturing services, where the company designs, manufactures, and assembles electronic products for original equipment manufacturers (OEMs) and other clients. This includes the production of printed circuit boards and electronic components tailored to client specifications. Additionally, Wong's International Holdings earns revenue from its property development and investment activities, which involve the development, sale, and leasing of residential and commercial properties. The company may also engage in strategic partnerships and joint ventures to enhance its service offerings and expand its market reach, contributing to its overall earnings.

Wong's International Holdings Financial Statement Overview

Summary

Wong's International Holdings faces considerable financial challenges, marked by declining revenues, profitability, and cash flows. The balance sheet remains relatively strong with adequate equity levels, but negative income and cash flow trends raise concerns regarding long-term sustainability. Prioritizing revenue growth and restoring profitability will be essential to reversing current negative trends.

Income Statement

The company's income statement shows significant volatility. Total revenue has decreased from 2022 to 2024, with a noticeable decline in gross profit and net income turning negative in 2024. The gross profit margin decreased from 24.3% in 2023 to 27.6% in 2024, and net profit margin turned from 4.8% in 2023 to -31.4% in 2024, indicating profitability issues. The EBIT margin also declined sharply from 6.7% in 2023 to -10.7% in 2024. Despite past profitability, the negative trends in margins and revenue growth present financial challenges.

Balance Sheet

The balance sheet reflects a relatively stable financial position with a decreasing debt-to-equity ratio from 0.40 in 2023 to 0.46 in 2024, indicating manageable leverage. The equity ratio slightly decreased, reflecting a drop from 61.2% in 2023 to 57.1% in 2024, which still suggests a strong equity base. However, declining net income has negatively impacted return on equity, which turned negative in 2024. Overall, the balance sheet remains stable but shows some signs of weakening.

Cash Flow

The cash flow statement highlights significant issues, with operating cash flow and free cash flow both falling to zero in 2024. This stark contrast to positive cash flow in previous years suggests operational difficulties and potential liquidity challenges. The free cash flow to net income ratio was positive in previous years but is now undefined due to zero cash flows. Maintaining a positive cash flow will be critical for financial stability moving forward.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
2.66B	3.19B	3.47B	3.26B	3.22B
	Gross Profit
736.92M	843.21M	881.70M	847.39M	843.45M
	EBIT
-286.08M	215.09M	103.77M	165.06M	183.20M
	EBITDA
219.00M	355.80M	335.78M	216.81M	-283.53M
	Net Income Common Stockholders
-837.46M	152.73M	112.44M	89.47M	-761.68M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.22B	1.23B	1.09B	1.28B	1.42B
	Total Assets
6.16B	7.31B	7.68B	7.75B	7.59B
	Total Debt
1.62B	1.81B	2.06B	2.12B	2.07B
	Net Debt
900.80M	864.81M	1.52B	1.72B	1.39B
	Total Liabilities
2.64B	2.84B	3.27B	3.27B	3.25B
	Stockholders Equity
3.52B	4.47B	4.41B	4.48B	4.33B
Cash Flow		Free Cash Flow
0.00	322.05M	-61.03M	-104.23M	15.35M
	Operating Cash Flow
216.63M	342.86M	31.73M	-76.14M	89.23M
	Investing Cash Flow
0.00	340.15M	255.95M	-222.35M	-89.67M
	Financing Cash Flow
0.00	-284.31M	-95.61M	-481.00K	60.42M

Wong's International Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.24
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0099, the sentiment is Positive. The current price of 1.24 is above the 20-day moving average (MA) of 1.18, above the 50-day MA of 1.14, and above the 200-day MA of 1.23, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 71.05 is Negative, neither overbought nor oversold. The STOCH value of 90.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0099.

Wong's International Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0267	74 Outperform	$325.23B	5.15	7.93%	3.95%	8.48%	-1.70%
1113	71 Outperform	HK$117.07B	8.61	3.52%	4.66%	-3.04%	-20.01%
0003	70 Outperform	$126.89B	22.21	9.72%	0.86%	-2.63%	-5.90%
0688	69 Neutral	$152.13B	8.97	4.15%	2.16%	-10.21%	-40.22%
0386	69 Neutral	$732.29B	11.44		26.17%	-7.72%	-26.66%
Sector *	62 Neutral	$11.80B	10.08	-7.46%	2.99%	7.37%	-8.21%
0099	44 Neutral	HK$593.32M	―	-20.96%	4.84%	-16.35%	-648.31%

Wong's International Holdings Corporate Events

Wong’s International Holdings Announces AGM and Key Resolutions

Wong’s International Holdings has announced its Annual General Meeting (AGM) to be held on May 28, 2025. Key agenda items include adopting financial statements, declaring a final dividend, re-electing directors, and re-appointing auditors. A special resolution will also be considered to grant directors a mandate to issue additional shares, potentially impacting the company’s capital structure and shareholder value.

Wong’s International Holdings Reports Significant Loss Amid Property Value Decline

Wong’s International Holdings Limited reported a significant financial downturn for the year ending December 31, 2024, with a loss attributable to owners amounting to HK$837.5 million, compared to a profit of HK$152.7 million the previous year. This decline is primarily due to a substantial decrease in the value of investment properties and completed properties, totaling HK$984.8 million. Despite this, the company’s underlying profit, excluding property value changes, was HK$147.3 million, slightly down from HK$163.1 million the previous year. The results highlight challenges in the real estate market, impacting the company’s financial performance and stakeholder interests.

Wong’s International Holdings Announces Final Dividend for 2024

Wong’s International Holdings Limited has announced a final ordinary dividend of HKD 0.03 per share for the financial year ending December 31, 2024. The dividend will be paid on June 20, 2025, following shareholder approval on May 28, 2025. The ex-dividend date is set for May 30, 2025, with the record date on June 3, 2025. This announcement reflects the company’s ongoing commitment to returning value to its shareholders.

Wong’s International Holdings Schedules Board Meeting for Financial Results and Dividend Decision

Wong’s International Holdings Limited has announced a board meeting scheduled for March 26, 2025, to approve the release of its final results for the year ending December 31, 2024, and to consider the payment of a final dividend. This meeting is significant as it will provide insights into the company’s financial performance and potential returns to shareholders, impacting its market positioning and stakeholder interests.