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

• Market Cap: HK$272.30M
• Dividend Yield: N/A
• Average Volume (3M): 17.87K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.13
• Revenue Growth: 12.21%
• EPS Growth: 10.56%
• Country: HK
• Employees: 1,014
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Recreational Vehicles
• EPS (TTM): -0.01
• Shares Outstanding: 907,680,000
• 10 Day Avg. Volume: 25,000
• 30 Day Avg. Volume: 17,866
• PEG Ratio: 0.05
• Price to Book (P/B): 1.30
• Price to Sales (P/S): 0.72
• P/FCF Ratio: 6.48
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: HK$0.50 ▲(66.67% Upside)

The overall stock score is primarily influenced by weak financial performance and technical analysis. The company's negative profitability and cash flow issues, coupled with bearish technical indicators, significantly impact the score. The valuation is also concerning due to a negative P/E ratio and lack of dividend yield, further weighing down the overall assessment.

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

The company has shown some improvement in revenue growth with a 5.72% increase in TTM, but profitability remains a concern with negative net profit margins. Gross profit margin is relatively low at 10.38%, indicating cost pressures. EBIT and EBITDA margins are also weak, suggesting operational inefficiencies. The balance sheet reflects increased leverage with a debt-to-equity ratio of 1.02, posing financial risk, and operating cash flow remains negative, indicating cash management issues.

Income Statement

The company has shown some improvement in revenue growth with a 5.72% increase in TTM, but profitability remains a concern with negative net profit margins. Gross profit margin is relatively low at 10.38%, indicating cost pressures. EBIT and EBITDA margins are also weak, suggesting operational inefficiencies.

Balance Sheet

The debt-to-equity ratio has increased to 1.02 in TTM, indicating higher leverage, which could pose financial risk. Return on equity is negative, reflecting poor profitability. However, the equity ratio remains stable, suggesting a balanced asset structure.

Cash Flow

The company has experienced significant free cash flow growth, but operating cash flow remains negative, indicating cash management issues. The free cash flow to net income ratio is positive, suggesting some ability to generate cash relative to net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	94.89M	81.14M	105.15M	132.90M	93.02M	84.11M
Gross Profit	9.85M	7.29M	15.49M	13.56M	5.86M	8.11M
EBITDA	366.75K	-2.65M	4.61M	1.67M	-6.57M	-4.76M
Net Income	-1.38M	-3.84M	1.69M	-200.35K	-5.57M	-7.29M
Balance Sheet
Total Assets	112.61M	103.36M	106.11M	127.02M	113.71M	107.20M
Cash, Cash Equivalents and Short-Term Investments	58.59M	54.39M	53.98M	55.30M	50.58M	49.08M
Total Debt	45.28M	35.94M	45.05M	42.60M	36.76M	31.27M
Total Liabilities	68.27M	58.38M	54.97M	76.14M	61.12M	49.72M
Stockholders Equity	44.34M	44.98M	51.13M	50.88M	52.59M	57.47M
Cash Flow
Free Cash Flow	-4.16M	9.02M	-3.87M	-360.20K	-5.17M	-6.02M
Operating Cash Flow	-3.68M	9.50M	-3.41M	324.06K	-4.77M	-2.42M
Investing Cash Flow	-10.99M	-2.25M	9.76M	-4.29M	-4.62M	-2.69M
Financing Cash Flow	9.71M	-9.27M	762.07K	4.09M	4.12M	1.82M

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

• Technical Analysis Sentiment: Negative
• Last Price: 0.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0422, the sentiment is Negative. The current price of 0.3 is below the 20-day moving average (MA) of 0.32, below the 50-day MA of 0.37, and below the 200-day MA of 0.45, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 25.01 is Positive, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	68 Neutral	HK$456.00M	10.83	12.73%	3.95%	-2.28%	-12.14%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
1759	50 Neutral	HK$231.12M	-18.20	-3.11%	―	50.72%	-434.09%
3778	46 Neutral	HK$375.71M	-18.52	-2.76%	4.55%	-1.24%	5.98%
0381	42 Neutral	HK$250.99M	-0.84	-41.64%	―	19.25%	-263.84%
1689	41 Neutral	HK$319.15M	-3.47	-36.51%	―	-0.28%	-70.30%
0422	41 Neutral	HK$272.30M	-10.42	-3.03%	―	12.21%	10.56%

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

Vietnam Manufacturing & Export Processing Faces Board Compliance Challenge After Director’s Passing

Vietnam Manufacturing & Export Processing (Holdings) Ltd. announced the passing of Mr. Cheung On Kit Andrew, an independent non-executive director and a member of the audit and nomination committees. His passing leaves the company non-compliant with several Hong Kong Stock Exchange listing rules regarding board composition and committee membership. The company is actively seeking a replacement to meet these regulatory requirements within the stipulated three-month period.

The most recent analyst rating on (HK:0422) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Vietnam Manufacturing & Export Processing (Holdings) Ltd. stock, see the HK:0422 Stock Forecast page.

Vietnam Manufacturing & Export Processing Ltd. Announces Board Roles

The company has announced the composition of its Board of Directors and their roles within the organization. This includes the assignment of directors to various committees such as the Audit, Remuneration, and Nomination Committees. The announcement reflects the company’s governance structure, which is crucial for maintaining transparency and accountability, potentially impacting stakeholder confidence and the company’s strategic direction.

The most recent analyst rating on (HK:0422) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Vietnam Manufacturing & Export Processing (Holdings) Ltd. stock, see the HK:0422 Stock Forecast page.

Vietnam Manufacturing Reports Turnaround in H1 2025

Vietnam Manufacturing and Export Processing (Holdings) Limited reported a significant improvement in its financial performance for the first half of 2025, with revenue increasing to $46.6 million from $32.8 million in the same period of 2024. The company also achieved a profit after tax of $42,597, a notable turnaround from the loss of over $2.4 million in the previous year, indicating a positive shift in its operational efficiency and market positioning.

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.