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Kingboard Holdings Limited (HK:0148)
:0148
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Kingboard Holdings (0148) AI Stock Analysis

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HK:0148

Kingboard Holdings

(OTC:0148)

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Neutral 69 (OpenAI - 4o)
Rating:69Neutral
Price Target:
HK$30.00
▲(10.38% Upside)
Kingboard Holdings' overall stock score reflects a stable but challenging financial situation, with strengths in valuation due to a reasonable P/E ratio and attractive dividend yield. Technical analysis indicates moderate momentum, while financial performance highlights areas needing improvement, particularly in cash flow generation and profitability.

Kingboard Holdings (0148) vs. iShares MSCI Hong Kong ETF (EWH)

Kingboard Holdings Business Overview & Revenue Model

Company DescriptionKingboard Holdings Limited, an investment holding company, manufactures and sells laminates and printed circuit boards. The company also offers chemical products, including methanol, benzene, glacial acetic acid, propylene, methyl tert-butyl ether, liquefied petroleum gas, phenol, acetone, bisphenol A, caustic soda, polyvinyl chloride, hydrochloric acid, liquefied chlorine, chlorinated wax, sodium sulfate, formalin, hydrogen peroxide, and tetrabromobisphenol. In addition, it is involved in the manufacture and distribution of magnetic and glass fabric products; property investment and development activities; rental and sale of properties; and refining and distribution of chemicals. The company's investment property portfolio comprises commercial, residential, and industrial properties. It sells its products in the People's Republic of China, Thailand, Japan, Korea, and Singapore; Europe; and the United States. The company was formerly known as Kingboard Chemical Holdings Limited and changed its name to Kingboard Holdings Limited in July 2018. Kingboard Holdings Limited was founded in 1988 and is headquartered in Sha Tin, Hong Kong.
How the Company Makes MoneyKingboard Holdings generates revenue through a diversified business model primarily centered around its four core segments. The Laminates segment is the largest contributor, producing and selling copper-clad laminates and glass fabric used in PCBs, essential components for electronics manufacturing. The Printed Circuit Boards segment involves the design, manufacturing, and sale of PCBs, catering to various high-tech applications. The Chemicals segment produces chemical products, including phenol, acetone, and epoxy resin, used in industrial processes. Additionally, the Property segment generates income through the development, sale, and leasing of residential and commercial properties. The company's earnings are bolstered by strategic partnerships and joint ventures that enhance its production capabilities and market reach, as well as its extensive distribution network across Asia, Europe, and North America.

Kingboard Holdings Financial Statement Overview

Summary
Kingboard Holdings shows a mixed financial performance. The income statement reveals decent gross profitability but declining net profit margins, indicating pressure on bottom-line profitability. The balance sheet is strong with low leverage, but declining equity and increasing liabilities pose potential risks. Cash flow concerns are significant due to fluctuating free cash flow and missing data on cash conversion efficiency.
Income Statement
70
Positive
Kingboard Holdings shows a mixed performance in its income statement. The gross profit margin for the latest year is approximately 19.7%, indicating a decent level of profitability. However, net profit margin has decreased to about 3.8%, reflecting pressure on bottom-line profitability. The revenue growth rate has been inconsistent, with a decline in recent years. EBIT margin at 11.7% and EBITDA margin at 16.2% suggest some operational efficiency, but declining trends in margins suggest challenges in maintaining cost efficiency.
Balance Sheet
75
Positive
The balance sheet of Kingboard Holdings is relatively strong with a debt-to-equity ratio of approximately 0.36, indicating a conservative leverage position. The return on equity (ROE) has decreased to about 2.7%, showing a decline in profitability relative to shareholders' equity. The equity ratio stands at 61.2%, reflecting a solid capital structure with significant equity financing. However, there's a trend of decreasing equity and increasing liabilities, which may pose a risk if not addressed.
Cash Flow
60
Neutral
Kingboard Holdings' cash flow statement indicates some concerns. The operating cash flow to net income ratio is unavailable for the latest year due to missing data, making it difficult to assess cash conversion efficiency. The free cash flow has fluctuated significantly over the years, showing a substantial decline recently, which could impact future investments and financial flexibility. The absence of free cash flow growth highlights potential challenges in generating cash from operations.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue43.09B39.71B49.38B56.76B43.51B
Gross Profit8.49B7.59B12.37B18.82B12.23B
EBITDA6.99B5.90B10.99B17.44B11.02B
Net Income1.63B2.06B3.66B10.78B4.70B
Balance Sheet
Total Assets97.78B98.97B97.29B103.82B93.25B
Cash, Cash Equivalents and Short-Term Investments10.84B12.99B11.40B10.07B9.36B
Total Debt21.71B22.93B19.76B18.42B17.24B
Total Liabilities33.05B34.53B32.60B35.13B32.45B
Stockholders Equity59.82B59.74B60.06B63.02B55.86B
Cash Flow
Free Cash Flow1.54B1.18B5.29B5.58B7.83B
Operating Cash Flow4.65B5.31B10.58B9.50B9.50B
Investing Cash Flow-1.51B-8.24B-5.33B-6.01B2.76B
Financing Cash Flow-3.56B622.28M-3.77B-4.67B-12.28B

Kingboard Holdings Technical Analysis

Technical Analysis Sentiment
Positive
Last Price27.18
Price Trends
50DMA
28.00
Negative
100DMA
25.70
Positive
200DMA
22.76
Positive
Market Momentum
MACD
-0.29
Positive
RSI
48.58
Neutral
STOCH
27.35
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0148, the sentiment is Positive. The current price of 27.18 is above the 20-day moving average (MA) of 27.02, below the 50-day MA of 28.00, and above the 200-day MA of 22.76, indicating a neutral trend. The MACD of -0.29 indicates Positive momentum. The RSI at 48.58 is Neutral, neither overbought nor oversold. The STOCH value of 27.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0148.

Kingboard Holdings Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
80
Outperform
HK$24.72B6.134.34%-1.54%9.96%
75
Outperform
HK$42.17B7.274.83%
69
Neutral
$29.08B10.754.43%5.15%6.95%24.07%
67
Neutral
HK$14.74B5.575.90%6.93%-7.44%-18.48%
57
Neutral
HK$43.67B-9.11-3.68%0.37%-8.93%-698.78%
54
Neutral
HK$205.14M22.04-9.32%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0148
Kingboard Holdings
27.18
8.66
46.74%
HK:0392
Beijing Enterprises Holdings
33.58
7.01
26.38%
HK:0656
Fosun International
5.43
0.47
9.52%
HK:0053
Guoco Group
75.00
1.52
2.06%
HK:0363
Shanghai Industrial Holdings
13.70
2.42
21.49%
HK:0118
Cosmos Machinery Enterprises Limited
0.24
0.02
9.09%

Kingboard Holdings Corporate Events

Kingboard Holdings Schedules Board Meeting for Interim Results and Dividend Decision
Jul 25, 2025

Kingboard Holdings Limited has announced a board meeting scheduled for August 25, 2025, to approve the interim results for the period ending June 30, 2025, and to consider the payment of an interim dividend. This announcement indicates the company’s ongoing commitment to transparency and shareholder value, potentially impacting its market positioning and stakeholder interests positively.

Kingboard Holdings Projects Over 70% Profit Surge for H1 2025
Jul 24, 2025

Kingboard Holdings Limited has announced a positive profit alert, expecting a net profit increase of over 70% for the first half of 2025, amounting to more than HK$2.56 billion. This significant growth is primarily driven by improved performance in its investment, laminates, and PCBs business segments, though the figures are preliminary and subject to final adjustments.

Kingboard Holdings Announces Board Committee Change
Jun 30, 2025

Kingboard Holdings Limited, a company incorporated in the Cayman Islands with limited liability, has announced a change in the composition of its board committee. Effective from June 30, 2025, Ms. Ho Kin Fan, an executive director, has been appointed as a member of the nomination committee. This appointment reflects the company’s ongoing efforts to strengthen its governance structure and ensure effective leadership within its board committees.

Kingboard Holdings Announces Board Composition and Roles
Jun 30, 2025

Kingboard Holdings Limited has announced the composition of its board of directors and their roles within the company. The board includes both executive and independent non-executive directors, with specific members assigned to the audit, remuneration, and nomination committees. This announcement highlights the company’s governance structure, which is crucial for maintaining transparency and accountability, potentially impacting stakeholder confidence and the company’s strategic direction.

Kingboard Holdings Successfully Passes All AGM Resolutions
May 26, 2025

Kingboard Holdings Limited announced the successful passing of all resolutions at its Annual General Meeting held on May 26, 2025. The resolutions included the approval of financial statements, declaration of dividends, re-election of directors, and granting of mandates for share issuance and repurchase. This outcome reflects the company’s stable governance and shareholder confidence, potentially strengthening its market position and operational strategies.

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 26, 2025