Wing On Co. International Ltd. (HK:0289)
:0289
Want to see HK:0289 full AI Analyst Report?
Top Page
Wing On Co. International Ltd.
(0289)
Select Model
Select Model
Rating:54Neutral
Price Target:
HK$16.00
▲(21.30% Upside)
Action:ReiteratedDate:04/26/26
The score is primarily held back by weak and volatile financial performance (declining revenue and significant losses in 2024–2025) despite a very conservative balance sheet. Technicals are supportive but overbought, and valuation is mixed—an attractive dividend yield offset by loss-making results (negative P/E).
Positive Factors
Conservative balance sheet
Very low leverage and near-zero debt-to-equity give the company durable financial flexibility. This reduces refinancing and interest-rate risks, supports surviving revenue troughs, and preserves optionality for strategic investments or shareholder distributions as profits recover.
Negative Factors
Declining revenue trend
A multi-year top-line decline erodes scale and operating leverage, making fixed costs harder to cover and limiting margin recovery. Persistent revenue contraction increases execution risk and may signal loss of market share or structural demand weakness.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and near-zero debt-to-equity give the company durable financial flexibility. This reduces refinancing and interest-rate risks, supports surviving revenue troughs, and preserves optionality for strategic investments or shareholder distributions as profits recover.
Read all positive factors
Wing On Co. International Ltd. (0289) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$4.50B
Dividend Yield6.92%
Average Volume (3M)36.68K
Price to Earnings (P/E)―
Beta (1Y)0.02
Revenue Growth-9.96%
EPS Growth63.93%
CountryHK
Employees531
SectorConsumer Cyclical
Sector Strength84
IndustryDepartment Stores
Share Statistics
EPS (TTM)-0.62
Shares Outstanding288,378,000
10 Day Avg. Volume54,101
30 Day Avg. Volume36,680
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)0.24
Price to Sales (P/S)4.72
P/FCF Ratio21.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Wing On Co. International Ltd. Business Overview & Revenue Model
Company Description
Wing On Company International Limited operates department stores in the Hong Kong, the People's Republic of China, Australia, and the United States. The company operates in two segments, Department Stores and Property Investment. Its department st...
How the Company Makes Money
null...
Wing On Co. International Ltd. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
86
Very Positive
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 851.97M | 946.23M | 1.06B | 1.04B | 1.13B |
| Gross Profit | 450.30M | 578.49M | 662.43M | 667.82M | 738.36M |
| EBITDA | 190.05M | -803.75M | 241.19M | -136.70M | 429.72M |
| Net Income | -330.50M | -919.11M | 123.36M | -300.95M | 552.50M |
Balance Sheet | |||||
| Total Assets | 17.66B | 18.07B | 19.72B | 19.90B | 20.64B |
| Cash, Cash Equivalents and Short-Term Investments | 4.73B | 4.29B | 4.19B | 4.04B | 4.12B |
| Total Debt | 19.81M | 96.20M | 53.39M | 20.84M | 75.61M |
| Total Liabilities | 1.17B | 1.21B | 1.34B | 1.32B | 1.39B |
| Stockholders Equity | 16.46B | 16.83B | 18.36B | 18.55B | 19.22B |
Cash Flow | |||||
| Free Cash Flow | 182.86M | 15.84M | 191.84M | -6.25M | 100.42M |
| Operating Cash Flow | 209.77M | 21.68M | 211.40M | -6.25M | 100.42M |
| Investing Cash Flow | 82.98M | 98.01M | 290.68M | -755.33M | 279.71M |
| Financing Cash Flow | -373.84M | -236.37M | -343.60M | -197.03M | -377.50M |
Wing On Co. International Ltd. Technical Analysis
Positive
13.19
Price Trends
14.15
Positive
13.86
Positive
13.22
Positive
Market Momentum
0.21
Negative
69.27
Neutral
95.39
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0289, the sentiment is Positive. The current price of 13.19 is below the 20-day moving average (MA) of 14.30, below the 50-day MA of 14.15, and below the 200-day MA of 13.22, indicating a bullish trend. The MACD of 0.21 indicates Negative momentum. The RSI at 69.27 is Neutral, neither overbought nor oversold. The STOCH value of 95.39 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0289.
Wing On Co. International Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | HK$556.43M | 7.56 | 1.06% | ― | -13.36% | 155.17% | |
54 Neutral | HK$4.50B | -12.16 | -1.99% | 6.92% | -9.96% | 63.93% | |
51 Neutral | HK$937.25M | -28.19 | -0.33% | ― | -3.35% | -55.70% | |
43 Neutral | HK$80.60M | -0.24 | 60.23% | ― | -3.71% | 4.06% | |
42 Neutral | HK$129.72M | -0.29 | -2.44% | ― | -4.58% | -187.76% |
* Consumer Cyclical Sector Average
HK:0289
Wing On Co. International Ltd.
15.59
4.94
46.38%
HK:2136
Lifestyle China Group
0.64
0.24
58.42%
HK:0825
New World Department Store China Limited
0.33
0.08
29.41%
HK:0984
AEON Stores (Hong Kong) Co., Limited
0.31
-0.05
-13.89%
HK:0244
Sincere Co. Ltd.
0.31
0.07
32.61%
HK:0312
Shirble Department Store Holdings (China) Ltd.
0.05
0.00
0.00%
Wing On Co. International Ltd. Corporate Events
Wing On sets 2026 AGM to seek shareholder approval on dividend, board changes and capital mandates
Apr 23, 2026
Wing On Company International Limited has convened its thirty-fifth annual general meeting for 15 June 2026 in Hong Kong, with a contingency date set for 26 June 2026 in case of severe weather or extreme conditions. Shareholders will review the au...
Wing On Narrows 2025 Net Loss as Property Valuation Hit Eases Despite Lower Revenue
Mar 26, 2026
Wing On Company International reported a decline in revenue to HK$851.97 million for 2025 from HK$946.23 million in 2024, reflecting softer department store sales and modestly higher costs in its property leasing activities. Other revenue and gain...
Wing On Company International Declares HK$0.74 Final Dividend for 2025
Mar 26, 2026
Wing On Company International Limited has declared a final ordinary dividend of HK$0.74 per share for the financial year ended 31 December 2025, payable in Hong Kong dollars. The dividend, subject to shareholder approval on 15 June 2026, will be p...
Wing On renews connected-party office lease at Wing On Centre
Mar 26, 2026
Wing On Company International has renewed an internal office lease between group entities for premises in Wing On Centre, Hong Kong, covering a lettable area of about 6,340 square feet for commercial use. The two-year tenancy, running from 8 June ...
Wing On Sets March Board Meeting to Approve 2025 Results and Final Dividend Proposal
Mar 12, 2026
Wing On Company International Limited has scheduled a board meeting for March 26, 2026 to review and approve the consolidated final results for the year ended December 31, 2025 and to authorize their publication. The board will also consider recom...
Wing On Sets Out Board Line-Up and Key Committee Roles
Mar 2, 2026
Wing On Company International Limited has announced the current composition of its board, led by chairman Kwok Chi Leung Karl and deputy chairman and chief executive officer Kwok Chi Hang Lester, alongside two other executive directors and four in...
Wing On Adds Independent Director to Audit Committee to Bolster Governance
Feb 25, 2026
Wing On Company International Ltd. has announced that independent non-executive director Tsoi Siu Ting Annie will join the company’s Audit Committee with effect from 1 March 2026. Her appointment expands the committee to four members, chaire...
Wing On flags sharply reduced 2025 loss as investment gains offset property and retail headwinds
Feb 9, 2026
Wing On Company International Ltd. has issued a profit alert indicating it expects to narrow its loss attributable to shareholders to about HK$328.5 million for 2025, down from HK$919.1 million in 2024, driven mainly by a smaller valuation loss on...
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.