Vietnam Manufacturing & Export Processing (Holdings) Ltd. (0422) AI Stock Analysis

• Market Cap: HK$394.84M
• Dividend Yield: N/A
• Average Volume (3M): 23.90K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.23
• Revenue Growth: 22.17%
• EPS Growth: 63.24%
• Country: HK
• Employees: 1,014
• Sector: Consumer Cyclical
• Sector Strength: 80
• Industry: Auto - Recreational Vehicles
• EPS (TTM): >-0.01
• Shares Outstanding: 907,680,000
• 10 Day Avg. Volume: 38,200
• 30 Day Avg. Volume: 23,900
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: HK$0.50
• Price Target Upside: 13.64% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 41 Neutral
• Price Target: HK$0.50 ▲(13.64% Upside)

The overall stock score is primarily impacted by the company's poor financial performance, with significant declines in revenue and persistent net losses. Technical analysis indicates a bearish trend, and valuation metrics are weak due to negative earnings. These factors collectively result in a low stock score.

Vietnam Manufacturing & Export Processing (Holdings) Ltd. Business Overview & Revenue Model

Company Description

Vietnam Manufacturing & Export Processing (Holdings) Ltd. (0422) is a company engaged in the manufacturing, assembly, and sale of motorbikes and their related spare parts. The company operates primarily within the automotive sector, focusing on providing high-quality motorbikes that cater to both domestic and international markets. Its core products include a wide range of motorcycles and scooters designed to meet various consumer needs and preferences.

How the Company Makes Money

Vietnam Manufacturing & Export Processing (Holdings) Ltd. generates revenue mainly through the production and sale of motorbikes and their spare parts. The company's revenue streams are primarily driven by sales to distributors, dealers, and direct consumers. Additionally, the company may engage in export activities, selling its products to international markets, which contributes significantly to its earnings. The company may also form partnerships or collaborations with other automotive firms or suppliers to enhance its product offerings and market reach. However, detailed information on specific partnerships or additional revenue-generating activities is not available.

Vietnam Manufacturing & Export Processing (Holdings) Ltd. Financial Statement Overview

Summary

Vietnam Manufacturing & Export Processing (Holdings) Ltd. faces substantial financial challenges. Declining revenue, persistent net losses, and negative cash flows present significant risks. However, the balance sheet shows moderate leverage, which could support recovery if operational efficiencies improve.

Income Statement

The company experienced a significant decline in revenue over the years, with a revenue decrease of 22.8% in 2023 and a further 22.8% drop in 2024. Gross Profit Margin improved marginally from 14.7% in 2023 to 9.0% in 2024. However, the net profit margin is negative, with a net loss in 2024 indicating challenges in managing costs and generating profit.

Balance Sheet

The company's debt-to-equity ratio is 0.80, indicating a moderate level of debt compared to equity. The equity ratio is 43.5%, showing a stable capital structure. Return on Equity is negative due to net losses, signaling inefficiencies in generating returns from shareholders' equity.

Cash Flow

The cash flow statements show significant issues, with operating cash flow consistently negative or zero, indicating cash management challenges. Free cash flow is also negative, pointing to difficulties in funding operations and investments through generated cash.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	81.14M	105.15M	132.90M	93.02M	84.11M
Gross Profit	7.29M	15.49M	13.56M	5.86M	8.11M
EBITDA	-2.65M	4.61M	1.67M	-6.57M	-4.76M
Net Income	-3.84M	1.69M	-200.35K	-5.57M	-7.29M
Balance Sheet
Total Assets	103.36M	106.11M	127.02M	113.71M	107.20M
Cash, Cash Equivalents and Short-Term Investments	54.39M	53.98M	55.30M	50.58M	49.08M
Total Debt	35.94M	45.05M	42.60M	36.76M	31.27M
Total Liabilities	58.38M	54.97M	76.14M	61.12M	49.72M
Stockholders Equity	44.98M	51.13M	50.88M	52.59M	57.47M
Cash Flow
Free Cash Flow	9.02M	-3.87M	-360.20K	-5.17M	-6.02M
Operating Cash Flow	9.50M	-3.41M	324.06K	-4.77M	-2.42M
Investing Cash Flow	-2.25M	9.76M	-4.29M	-4.62M	-2.69M
Financing Cash Flow	-9.27M	762.07K	4.09M	4.12M	1.82M

Vietnam Manufacturing & Export Processing (Holdings) Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.44
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0422, the sentiment is Neutral. The current price of 0.44 is above the 20-day moving average (MA) of 0.43, below the 50-day MA of 0.46, and below the 200-day MA of 0.49, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 50.03 is Neutral, neither overbought nor oversold. The STOCH value of 36.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0422.

Vietnam Manufacturing & Export Processing (Holdings) Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1795	64 Neutral	HK$480.00M	11.96	13.03%	3.75%	-1.56%	6.53%
Sector *	61 Neutral	$17.75B	12.56	-5.49%	3.02%	1.43%	-14.12%
1759	48 Neutral	HK$265.68M	39.77	-3.26%	―	14.00%	-239.86%
3778	45 Neutral	HK$407.01M	―	-1.72%	―	14.05%	56.22%
1689	41 Neutral	HK$350.71M	―	-42.10%	―	-7.48%	-168.99%
0422	41 Neutral	HK$394.84M	―	-3.03%	―	22.17%	63.24%
0381	39 Underperform	HK$374.11M	3.10	-36.53%	―	0.71%	-130.99%

Vietnam Manufacturing & Export Processing (Holdings) Ltd. Corporate Events

Vietnam Manufacturing & Export Processing Schedules Board Meeting for Interim Results

Vietnam Manufacturing & Export Processing (Holdings) Ltd. has announced a board meeting scheduled for August 11, 2025, to consider and approve the unaudited interim results for the first half of 2025. This meeting is crucial for stakeholders as it will provide insights into the company’s financial performance and strategic direction for the upcoming period.

Vietnam Manufacturing & Export Processing Ends Investment Cooperation

Vietnam Manufacturing & Export Processing (Holdings) Ltd. has announced the termination of an Investment Cooperation Memorandum with its business partner, Dinh Duong, due to changes in Vietnamese laws and regulations causing delays. The termination agreement ensures a full refund and compensation to Dinh Duong, and the company states that this decision will not adversely affect its financial performance or operations.

Vietnam Manufacturing & Export Processing Announces Unanimous AGM Resolution Approval

Vietnam Manufacturing & Export Processing (Holdings) Ltd. announced that all proposed resolutions at their Annual General Meeting on June 27, 2025, were unanimously passed by shareholders. This includes the re-election of directors and the authorization of the board to manage remuneration and share-related mandates, reflecting strong shareholder support and stability in the company’s governance.

Vietnam Manufacturing Reports Strong Q1 2025 Financial Results

Vietnam Manufacturing and Export Processing (Holdings) Limited reported a significant improvement in its financial performance for the first quarter of 2025, with revenue increasing to $19.8 million from $11.2 million in the same period last year. The company also achieved a profit after tax of $0.9 million, reversing a loss of $1.6 million from the previous year, indicating a positive impact on its operations and potential implications for stakeholders.