K Wah International Holdings Limited (HK:0173)
:0173
Want to see HK:0173 full AI Analyst Report?
Top Page
K Wah International Holdings
(0173)
Select Model
Select Model
Rating:46Neutral
Price Target:
HK$2.00
▼(-11.89% Downside)
Action:ReiteratedDate:05/02/26
The score is primarily held down by weak 2025 financial performance (steep revenue decline, net loss, and sharply weaker cash generation). Technicals are also soft (below key moving averages with slightly negative MACD), while valuation is mixed—dividend yield offers some support, but a negative P/E reflects loss-making conditions.
Positive Factors
Manageable Leverage
Moderate debt-to-equity (~0.34–0.36) and a large equity base give K Wah flexibility to fund developments, refinance, and withstand cyclical headwinds. This balance-sheet breathing room reduces short-to-medium term solvency risk and supports strategic capital allocation.
Negative Factors
Sharp Revenue Collapse
A ~72% revenue drop and a sizeable 2025 net loss reflect severe project timing or demand erosion. For a developer, revenue is lumpy; however, such a large fall weakens earnings power for many quarters and raises execution and market-risk concerns for medium-term recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable Leverage
Moderate debt-to-equity (~0.34–0.36) and a large equity base give K Wah flexibility to fund developments, refinance, and withstand cyclical headwinds. This balance-sheet breathing room reduces short-to-medium term solvency risk and supports strategic capital allocation.
Read all positive factors
K Wah International Holdings (0173) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$7.19B
Dividend Yield3.32%
Average Volume (3M)3.14M
Price to Earnings (P/E)―
Beta (1Y)0.73
Revenue Growth-72.38%
EPS Growth-358.63%
CountryHK
Employees812
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.27
Shares Outstanding3,152,728,500
10 Day Avg. Volume3,780,630
30 Day Avg. Volume3,137,942
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.17
Price to Sales (P/S)3.34
P/FCF Ratio186.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$3.00Price Target Upside32.16% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.08
Revenue Forecast (FY)HK$7.26B
K Wah International Holdings Business Overview & Revenue Model
Company Description
K. Wah International Holdings Limited, an investment holding company, engages in the property development and investment activities in Hong Kong and Mainland China. Its property portfolio comprises residential developments, office towers, hotels, ...
How the Company Makes Money
K Wah International primarily generates revenue from (1) property development for sale and (2) property investment (rental and related property income). In property development, it acquires land, undertakes planning/design and construction (often ...
K Wah International Holdings Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
62
Positive
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.99B | 7.19B | 6.10B | 8.79B | 16.22B |
| Gross Profit | 4.54M | 1.36B | 2.02B | 2.67B | 5.56B |
| EBITDA | -413.38M | 1.12B | 1.75B | 2.22B | 5.15B |
| Net Income | -869.26M | 335.07M | 802.16M | 1.37B | 3.35B |
Balance Sheet | |||||
| Total Assets | 66.09B | 66.37B | 72.51B | 76.64B | 78.50B |
| Cash, Cash Equivalents and Short-Term Investments | 6.47B | 9.43B | 8.09B | 8.82B | 9.30B |
| Total Debt | 13.74B | 14.57B | 15.19B | 14.95B | 19.00B |
| Total Liabilities | 24.09B | 24.41B | 27.41B | 29.99B | 33.28B |
| Stockholders Equity | 40.10B | 40.08B | 42.33B | 43.86B | 43.90B |
Cash Flow | |||||
| Free Cash Flow | 35.44M | 3.27B | 676.98M | 6.74B | 7.56B |
| Operating Cash Flow | 45.56M | 3.28B | 713.95M | 6.75B | 7.57B |
| Investing Cash Flow | -622.59M | 40.69M | -589.66M | -2.38B | -372.51M |
| Financing Cash Flow | -1.34B | -1.81B | -463.37M | -2.99B | -6.88B |
K Wah International Holdings Technical Analysis
Negative
2.27
Price Trends
2.46
Negative
2.32
Negative
2.26
Positive
Market Momentum
-0.04
Negative
44.86
Neutral
75.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0173, the sentiment is Negative. The current price of 2.27 is below the 20-day moving average (MA) of 2.28, below the 50-day MA of 2.46, and above the 200-day MA of 2.26, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 44.86 is Neutral, neither overbought nor oversold. The STOCH value of 75.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0173.
K Wah International Holdings Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | HK$6.13B | 3.81 | 7.40% | 2.21% | 248.51% | ― | |
53 Neutral | HK$7.30B | -1.61 | -8.73% | 10.98% | 153.96% | -139.55% | |
49 Neutral | HK$6.11B | 42.91 | 0.75% | 5.51% | -19.84% | 1.94% | |
47 Neutral | HK$7.37B | 31.29 | 0.04% | 0.98% | 20.60% | 22.39% | |
46 Neutral | HK$7.19B | -7.62 | 0.73% | 3.32% | -72.38% | -358.63% | |
44 Neutral | HK$6.94B | -1.91 | -33.25% | ― | -72.09% | 24.14% |
* Real Estate Sector Average
HK:0173
K Wah International Holdings
2.28
0.58
34.35%
HK:0034
Kowloon Development Co
4.68
1.88
66.96%
HK:3380
Logan Property Holdings Co
1.22
0.39
46.99%
HK:0119
Poly Property Group Co
1.93
0.48
33.29%
HK:0604
Shenzhen Investment
0.82
0.02
2.50%
HK:0028
Tian An China Investments Co
4.18
0.11
2.68%
K Wah International Holdings Corporate Events
K. Wah International Sets 2026 AGM to Approve Dividend and Capital Mandates
Apr 29, 2026
K. Wah International Holdings has convened its 2026 annual general meeting for 17 June 2026 in Hong Kong, where shareholders will review the audited financial statements and directors’ and auditor’s reports for the year ended 31 Decemb...
K. Wah International Tightens Governance With Updated Nomination Committee Mandate
Mar 27, 2026
K. Wah International Holdings has updated the terms of reference for its Nomination Committee, originally set up in 2012, revising them as of 27 March 2026 to refine its governance structure. The committee must comprise at least three members, a m...
K. Wah International Swings to 2025 Loss but Preserves Balance-Sheet Strength
Mar 27, 2026
K. Wah International Holdings reported revenue of HK$1.985 billion for 2025, with total attributable revenue of HK$11.549 billion after including joint ventures and associates, but swung to a loss attributable to shareholders of HK$869 million as ...
K. Wah International Proposes Final Dividend for 2025
Mar 27, 2026
K. Wah International Holdings has proposed a final ordinary dividend of HKD 0.01 per share for the financial year ended 31 December 2025, underscoring its continued commitment to returning cash to shareholders. The payout, subject to shareholder a...
K. Wah International Sets March Board Meeting to Approve 2025 Results and Dividend Plan
Mar 13, 2026
K. Wah International Holdings has scheduled a board meeting for 27 March 2026 to review and approve the group’s annual results for the financial year ended 31 December 2025. The board will also consider whether to recommend a final dividend ...
K. Wah International Flags HK$900 Million Annual Loss on Property Impairments
Mar 8, 2026
K. Wah International Holdings has warned that it expects to swing to a loss attributable to equity holders of up to HK$900 million for the year ended 31 December 2025, compared with a profit of HK$335 million a year earlier. The projected loss is ...
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.