Hong Kong Economic Times Holdings (0423) AI Stock Analysis

• Market Cap: $358.23M
• Dividend Yield: 9.64%
• Average Volume (3M): 44.47K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.20
• Revenue Growth: -10.37%
• EPS Growth: -162.65%
• Country: HK
• Employees: 1,054
• Sector: Communication Services
• Sector Strength: 97
• Industry: Publishing
• EPS (TTM): -0.06
• Shares Outstanding: 431,600,000
• 10 Day Avg. Volume: 73,400
• 30 Day Avg. Volume: 44,466
• PEG Ratio: 0.05
• Price to Book (P/B): 0.39
• Price to Sales (P/S): 0.39
• P/FCF Ratio: -10.16
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: HK$1.00 ▲(33.33% Upside)

The overall stock score reflects significant operational challenges and weak technical indicators, balanced by a strong balance sheet and attractive dividend yield. The lack of positive earnings and bearish technical trends are key risks, while financial stability and dividends provide some support.

Positive Factors

Diversified Revenue Model

A diversified revenue model reduces dependency on a single income stream, enhancing resilience against sector-specific downturns.

Strong Balance Sheet

A strong balance sheet with low leverage provides financial flexibility and stability, supporting long-term operational sustainability.

Market Position

Being a leading player in the media and financial news sector in Hong Kong positions the company well for capturing market opportunities and growth.

Negative Factors

Declining Revenue

Declining revenue growth suggests challenges in maintaining market share and competitiveness, potentially impacting long-term profitability.

Negative Cash Flow

Negative cash flow pressures liquidity and limits the company's ability to invest in growth initiatives, affecting future financial health.

Operational Challenges

Operational challenges leading to negative earnings highlight inefficiencies and the need for strategic adjustments to improve profitability.

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 generates revenue through multiple streams, primarily from advertising, subscriptions, and content syndication. The advertising revenue is derived from both print and digital platforms, where businesses pay to promote their products and services to the company's wide readership. Subscription fees from individual and corporate customers contribute significantly to its income, especially for specialized financial news and analysis services. Furthermore, the company capitalizes on its content by syndicating articles and reports to other media outlets and businesses, enhancing its revenue. Strategic partnerships with financial institutions and educational organizations also provide additional revenue opportunities through collaborative projects and sponsored content.

Hong Kong Economic Times Holdings Financial Statement Overview

Summary

The company faces operational challenges with declining revenues and profitability, reflected in a low income statement score. However, the balance sheet is strong with low leverage, and there is potential for positive cash flow generation despite current liquidity pressures.

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	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	803.73M	803.73M	923.89M	1.02B	1.04B	999.94M
Gross Profit	336.70M	336.70M	371.99M	422.81M	461.81M	415.65M
EBITDA	-14.99M	-1.35M	124.52M	81.55M	94.40M	92.00M
Net Income	-35.69M	-35.69M	54.22M	27.46M	33.02M	30.92M
Balance Sheet
Total Assets	1.07B	1.07B	1.17B	1.20B	1.20B	1.20B
Cash, Cash Equivalents and Short-Term Investments	459.78M	459.78M	526.47M	464.16M	460.95M	470.48M
Total Debt	8.70M	8.70M	2.14M	11.97M	3.16M	18.82M
Total Liabilities	238.68M	238.68M	260.44M	304.80M	292.70M	284.87M
Stockholders Equity	807.79M	807.79M	886.19M	871.20M	885.34M	891.44M
Cash Flow
Free Cash Flow	-24.14M	-31.00M	-27.52M	56.94M	47.15M	130.67M
Operating Cash Flow	-10.73M	-17.59M	-2.59M	82.97M	100.56M	150.87M
Investing Cash Flow	101.38M	108.25M	53.42M	-176.47M	91.03M	-96.04M
Financing Cash Flow	-51.46M	-51.46M	-53.80M	-53.12M	-57.16M	-48.18M

Hong Kong Economic Times Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0423, the sentiment is Negative. The current price of 0.75 is below the 20-day moving average (MA) of 0.79, below the 50-day MA of 0.79, and above the 200-day MA of 0.73, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 26.30 is Positive, neither overbought nor oversold. The STOCH value of 22.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
2230	66 Neutral	HK$491.04M	9.34	8.69%	7.04%	25.88%	0.69%
0018	61 Neutral	€827.28M	28.99	1.85%	5.88%	-15.60%	-58.97%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
0423	55 Neutral	$358.23M	―	-3.21%	9.64%	-10.37%	-162.65%
0205	54 Neutral	HK$347.83M	-25.40	-6.02%	―	-4.13%	76.38%
1105	49 Neutral	HK$206.93M	-2.49	-5.12%	―	-7.76%	-55.96%
2008	46 Neutral	HK$853.92M	―	-9.70%	―	-13.10%	13.01%

Hong Kong Economic Times Holdings Corporate Events

Hong Kong Economic Times Holdings AGM Resolutions Passed Successfully

At the annual general meeting held on July 31, 2025, Hong Kong Economic Times Holdings Limited successfully passed all proposed resolutions, including the adoption of financial statements, declaration of a final dividend, re-election of directors, and granting of mandates for share issuance and buybacks. This approval reflects strong shareholder support and positions the company to continue its strategic initiatives, potentially enhancing its market position and operational capabilities.