Hong Kong Economic Times Holdings (0423) AI Stock Analysis

• Market Cap: $345.28M
• Dividend Yield: 12.5%
• Average Volume (3M): 186.53K
• Price to Earnings (P/E): 7.9
• Beta (1Y): 0.26
• Revenue Growth: -13.01%
• EPS Growth: -165.84%
• Country: HK
• Employees: 1,054
• Sector: Communication Services
• Sector Strength: 83
• Industry: Publishing
• EPS (TTM): >-0.01
• Shares Outstanding: 431,600,000
• 10 Day Avg. Volume: 137,000
• 30 Day Avg. Volume: 186,533
• PEG Ratio: 0.05
• Price to Book (P/B): 0.43
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -14.30
• 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: N/A
• Number of Analyst Covering: 0

• Rating: 61 Neutral
• Price Target: ―

The overall stock score reflects strong technical indicators and a solid balance sheet, which offset operational and cash flow challenges. The high dividend yield provides some valuation appeal.

Hong Kong Economic Times Holdings Business Overview & Revenue Model

Company Description

Hong Kong Economic Times Holdings Limited, an investment holding company, operates as a diversified multi-media company primarily in Hong Kong. It operates through two segments: Media; and Financial News Agency, Information, and Solutions. The Media segment engages in the printing and publication of newspapers, magazines, and books, as well as the operation of digital platforms, including recruitment, finance, and lifestyle. The Financial News Agency, Information, and Solutions segment provides electronic financial and property market information and related solutions, and information subscription services, solutions, and other related maintenance services. It also provides recruitment advertising and training services; equities and derivatives trading services; and operates a computer software research and development center, and health portal, as well as holds properties. The company was founded in 1988 and is headquartered in North Point, Hong Kong.

How the Company Makes Money

Hong Kong Economic Times Holdings makes money through a diversified revenue model primarily driven by advertising, subscription fees, and content sales. A significant portion of its revenue comes from advertising across its various media platforms, including print, digital, and interactive media. The company's financial news platforms attract a substantial audience, which is appealing to advertisers looking to target a financially savvy demographic. Additionally, subscription fees from its digital platforms and specialized financial information services contribute to its income. The company may also generate revenue from the sale of lifestyle and investment-related publications and content. Partnerships with financial institutions and other corporate clients for tailored content and business services are also important factors that bolster its earnings.

Hong Kong Economic Times Holdings Financial Statement Overview

Summary

The company faces operational challenges with declining revenues, negative EBIT, and net income. The balance sheet is robust with low leverage, but cash flow issues raise liquidity concerns.

Income Statement

The company has faced declining revenue over the past few years, leading to negative EBIT and net income for the latest period. Gross profit margin remains reasonable, but negative net profit and EBIT margins indicate operational struggles.

Balance Sheet

The balance sheet shows strong equity and a low debt-to-equity ratio, suggesting financial stability. However, the decline in equity over the past year reflects financial stress. The equity ratio remains healthy, indicating a strong asset base.

Cash Flow

The company's cash flow generation has weakened, with negative free cash flow in the latest period. Operating cash flow is negative, putting pressure on liquidity. Despite this, past periods show potential for positive cash flow generation.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	803.73M	923.89M	1.02B	1.04B	999.94M
Gross Profit	336.70M	371.99M	422.81M	461.81M	415.65M
EBITDA	-1.35M	124.52M	81.55M	94.40M	92.00M
Net Income	-35.69M	54.22M	27.46M	33.02M	30.92M
Balance Sheet
Total Assets	1.07B	1.17B	1.20B	1.20B	1.20B
Cash, Cash Equivalents and Short-Term Investments	459.78M	526.47M	464.16M	460.95M	470.48M
Total Debt	8.70M	2.14M	11.97M	3.16M	18.82M
Total Liabilities	238.68M	260.44M	304.80M	292.70M	284.87M
Stockholders Equity	807.79M	886.19M	871.20M	885.34M	891.44M
Cash Flow
Free Cash Flow	-31.00M	-27.52M	56.94M	47.15M	130.67M
Operating Cash Flow	-17.59M	-2.59M	82.97M	100.56M	150.87M
Investing Cash Flow	108.25M	53.42M	-176.47M	91.03M	-96.04M
Financing Cash Flow	-51.46M	-53.80M	-53.12M	-57.16M	-48.18M

Hong Kong Economic Times Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0423, the sentiment is Positive. The current price of 0.8 is below the 20-day moving average (MA) of 0.80, above the 50-day MA of 0.76, and above the 200-day MA of 0.76, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 57.75 is Neutral, neither overbought nor oversold. The STOCH value of 25.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0423.

Hong Kong Economic Times Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	$40.75B	-1.21	-12.05%	3.97%	2.04%	-69.68%
0423	61 Neutral	$345.28M	7.94	-4.21%	12.50%	-13.01%	-165.84%
PXSTF	―	$75.08M	―	-8.33%	―	―	―
OPQ	―	€92.77M	14.23	3.08%	11.27%	―	―
2230	78 Outperform	HK$558.44M	10.62	9.05%	15.03%	5.26%	7.46%
1105	47 Neutral	HK$184.91M	―	-5.06%	―	-5.21%	-71.81%
0205	38 Underperform	HK$320.22M	―	-18.09%	―	-21.44%	-48.73%

Hong Kong Economic Times Holdings Corporate Events

Hong Kong Economic Times Holdings Announces AGM with Key Resolutions

Hong Kong Economic Times Holdings Limited has announced its annual general meeting scheduled for July 31, 2025. Key agenda items include the adoption of financial statements, declaration of a final dividend, re-election of directors, and re-appointment of PricewaterhouseCoopers as the independent auditor. Additionally, the meeting will consider a resolution to authorize the directors to allot and issue new shares, enhancing the company’s capacity to raise capital and expand its operations.

Hong Kong Economic Times Holdings Reports Annual Loss for 2025

Hong Kong Economic Times Holdings Limited reported a consolidated net loss of HK$35.3 million for the year ended 31 March 2025, a significant decline from the previous year’s profit of HK$55 million. The decrease in revenue and increased costs contributed to the loss, impacting the company’s financial performance and potentially affecting stakeholder confidence.

Hong Kong Economic Times Holdings Announces Final Dividend for FY2025

Hong Kong Economic Times Holdings Limited has announced a final ordinary cash dividend of HKD 0.05 per share for the financial year ending 31 March 2025. The ex-dividend date is set for 7 August 2025, with the payment date scheduled for 5 September 2025. This announcement reflects the company’s commitment to returning value to its shareholders and may impact investor sentiment positively.

Hong Kong Economic Times Holdings to Announce Fiscal Year-End Results

Hong Kong Economic Times Holdings Limited has scheduled a board meeting on June 13, 2025, to discuss and approve the company’s final results for the fiscal year ending March 31, 2025, and to consider declaring a final dividend. This announcement indicates the company’s ongoing commitment to transparency and shareholder engagement, potentially impacting investor confidence and market perception.

Hong Kong Economic Times Holdings Issues Profit Warning for FY2025

Hong Kong Economic Times Holdings Limited has issued a profit warning, projecting a loss of approximately HK$36 million for the fiscal year ending March 31, 2025, compared to a profit of HK$54 million the previous year. The anticipated loss is attributed to the absence of a one-time property disposal gain and impairment losses on investment properties, alongside a decrease in revenue due to an unfavorable economic environment. The final annual results are yet to be audited and will be published by the end of June 2025, with stakeholders advised to exercise caution.