Wong's Kong King International (Holdings) Limited (HK:0532)
:0532
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Wong's Kong King International (Holdings) Limited
(0532)
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Rating:49Neutral
Price Target:
HK$0.59
▲(83.12% Upside)
Action:Reiterated
Date:05/12/26
The score is held back primarily by weak and unstable profitability (recent net losses and thin margins), which also makes valuation less supportive (negative P/E). Technicals are a partial offset with strong momentum and the price above key moving averages, but overbought signals (high RSI/Stoch) temper the technical outlook. Positive recent free cash flow and manageable leverage provide some foundational support.
Positive Factors
Cash generation resilience
Sustained positive free cash flow across 2023–2025, despite accounting losses, indicates the business can convert operations into real cash. This durable cash generation supports working capital, capex and debt servicing, reducing refinancing risk and providing operational runway during profit recovery.
Negative Factors
Persistent losses
Three consecutive years of losses and very thin 2025 margins reflect limited pricing power or cost structure issues. Persisting unprofitability threatens retained earnings, constrains reinvestment, and raises the bar for management to restore consistent earnings over the medium term without structural changes.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation resilience
Sustained positive free cash flow across 2023–2025, despite accounting losses, indicates the business can convert operations into real cash. This durable cash generation supports working capital, capex and debt servicing, reducing refinancing risk and providing operational runway during profit recovery.
Read all positive factors
Wong's Kong King International (Holdings) Limited (0532) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$430.64M
Dividend YieldN/A
Average Volume (3M)69.13K
Price to Earnings (P/E)―
Beta (1Y)0.16
Revenue Growth6.62%
EPS Growth70.90%
CountryHK
Employees3,880
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-0.08
Shares Outstanding729,897,950
10 Day Avg. Volume96,800
30 Day Avg. Volume69,133
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)0.18
Price to Sales (P/S)0.06
P/FCF Ratio3.47
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
Wong's Kong King International (Holdings) Limited Business Overview & Revenue Model
Company Description
Wong's Kong King International (Holdings) Limited, an investment holding company, trades in and distributes chemicals, materials, and equipment for use in the manufacture of printed circuit boards and electronic products. It operates in two segmen...
Wong's Kong King International (Holdings) Limited Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
58
Neutral
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.67B | 3.45B | 3.65B | 4.61B | 5.41B |
| Gross Profit | 205.79M | 761.36M | 177.81M | 1.07B | 1.09B |
| EBITDA | 73.33M | -74.48M | 44.06M | 222.76M | 206.42M |
| Net Income | -55.32M | -190.16M | -132.78M | 71.76M | 72.01M |
Balance Sheet | |||||
| Total Assets | 2.99B | 2.91B | 3.15B | 3.72B | 3.75B |
| Cash, Cash Equivalents and Short-Term Investments | 614.34M | 572.52M | 561.76M | 748.13M | 713.93M |
| Total Debt | 664.74M | 639.01M | 664.42M | 923.39M | 613.45M |
| Total Liabilities | 1.56B | 1.42B | 1.48B | 1.86B | 1.89B |
| Stockholders Equity | 1.35B | 1.40B | 1.58B | 1.75B | 1.76B |
Cash Flow | |||||
| Free Cash Flow | 68.36M | 101.02M | 217.03M | -171.40M | -21.99M |
| Operating Cash Flow | 79.36M | 135.11M | 245.24M | -149.66M | 22.86M |
| Investing Cash Flow | -31.73M | -13.01M | -3.60M | -48.07M | -26.16M |
| Financing Cash Flow | 8.84M | -120.08M | -410.30M | 241.50M | 91.45M |
Wong's Kong King International (Holdings) Limited Technical Analysis
Positive
0.32
Price Trends
0.33
Positive
0.32
Positive
0.31
Positive
Market Momentum
0.08
Negative
73.60
Negative
77.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0532, the sentiment is Positive. The current price of 0.32 is below the 20-day moving average (MA) of 0.43, below the 50-day MA of 0.33, and above the 200-day MA of 0.31, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 73.60 is Negative, neither overbought nor oversold. The STOCH value of 77.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0532.
Wong's Kong King International (Holdings) Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$335.87M | 6.72 | 9.81% | 9.09% | 6.96% | -25.26% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | HK$671.05M | 59.55 | 0.41% | 0.63% | 2.35% | -20.12% | |
49 Neutral | HK$430.64M | -4.29 | -4.05% | ― | 6.62% | 70.90% | |
48 Neutral | HK$134.03M | 2.97 | 5.36% | ― | 6.65% | 7.77% | |
48 Neutral | HK$254.40M | 32.98 | 1.16% | 5.22% | -11.32% | -85.52% |
* Technology Sector Average
HK:0532
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Wong's Kong King International (Holdings) Limited Corporate Events
Wong’s Kong King Flags 82% Profit Slump at Taiwan Subsidiary in Q1 2026
May 12, 2026
Wong’s Kong King International (Holdings) Limited has reported the unaudited first-quarter 2026 results of its 67%-owned subsidiary, Taiwan Kong King Company Limited, which is listed on the Taipei Exchange and prepares accounts under Interna...
Wong’s Kong King Flags Sharp Revenue Drop at Taiwan Unit in April 2026
May 8, 2026
Wong’s Kong King International (Holdings) Limited issued an overseas regulatory announcement disclosing the April 2026 consolidated sales performance of its related listed entity, Taiwan Kong King Company Limited, prepared under IFRSs. The d...
Wong’s Kong King Sets 2026 AGM to Approve Accounts, Board Mandates and Share Issue Authority
Apr 28, 2026
Wong’s Kong King International (Holdings) Limited has convened its annual general meeting for 29 June 2026 in Hong Kong, where shareholders will review the audited financial statements and directors’ and auditors’ reports for the...
Wong’s Kong King Unit Taiwan Kong King Reports Steep Drop in March Sales
Apr 10, 2026
Taiwan Kong King Company Limited, a subsidiary of Wong’s Kong King International (Holdings) Limited, reported a sharp decline in its consolidated net sales revenue for March 2026 and for the year-to-date period, under International Financial...
Wong’s Kong King Narrows Annual Loss Despite Higher Revenue in 2025
Mar 26, 2026
Wong’s Kong King International (Holdings) Limited reported audited consolidated revenue of HK$3.67 billion for 2025, up from HK$3.45 billion a year earlier, supported by higher other gains and lower employee benefit expenses. Despite this to...
Wong’s Kong King Announces Executive Director Change Amid Restructuring
Mar 22, 2026
Wong’s Kong King International (Holdings) Limited announced a board change as part of a corporate restructuring, with Mr. Chang Jui Shum Victor stepping down as Executive Director effective 21 March 2026. He has also ceased to serve as Direc...
Wong’s Kong King Updates Board and Committee Composition
Mar 22, 2026
Wong’s Kong King International (Holdings) Limited has outlined the current composition of its board of directors, led by chairman Wong Senta, with executive roles held by Wong Ava as deputy chairman and chief executive officer and Wong Orang...
Wong’s Kong King Schedules Board Meeting on 2025 Final Results and Dividend
Mar 12, 2026
Wong’s Kong King International (Holdings) Limited, incorporated in Bermuda and listed in Hong Kong under stock code 532, is overseen by a board comprising executive and independent non-executive directors. The current announcement focuses on...
Wong’s Kong King Reports 15% Profit Growth at Taiwan Subsidiary for 2025
Mar 11, 2026
Wong’s Kong King International (Holdings) Limited has reported a solid performance at its 67%-owned Taiwan unit, Taiwan Kong King Company Limited, which has published audited consolidated results for the year ended 31 December 2025. The figu...
Wong’s Kong King Unit Taiwan Kong King Reports Sharp February Sales Decline
Mar 9, 2026
Taiwan Kong King Company Limited, an affiliate of Hong Kong-listed Wong’s Kong King International, reported a sharp year-on-year decline in net sales revenue for February 2026, with monthly sales falling 45.33% to NT$87.7 million. The compan...
Wong’s Kong King Flags Sharply Narrowed 2025 Loss on Strong Turnover and Cost Cuts
Feb 27, 2026
Wong’s Kong King International (Holdings) Limited has issued a profit alert indicating that its net loss for 2025 is expected to narrow sharply to between HK$60 million and HK$70 million, down from HK$190.2 million a year earlier. The improv...
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.