Wai Kee Holdings Limited (HK:0610)
:0610
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Wai Kee Holdings Limited
(0610)
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Rating:49Neutral
Price Target:
HK$0.81
▼(-12.39% Downside)
Action:Reiterated
Date:05/03/26
The score is held back primarily by persistent large net losses, recent revenue softness, and equity erosion/very negative ROE, despite improved operating and free cash flow and moderate leverage. Technical indicators are broadly neutral, while valuation is difficult to support with negative earnings and no dividend yield data.
Positive Factors
Improved cash generation
Material improvement in operating and free cash flow provides durable internal funding for project completion, working capital and some reinvestment. Stronger cash conversion reduces reliance on external capital and gives management flexibility to execute strategy over the next several quarters.
Negative Factors
Sustained net losses
Three consecutive years of material net losses signal structural earnings weakness that undermines long-term profitability. Persistent losses erode investor confidence, limit retained earnings for reinvestment, and raise the risk of further balance-sheet impairment absent sustained recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved cash generation
Material improvement in operating and free cash flow provides durable internal funding for project completion, working capital and some reinvestment. Stronger cash conversion reduces reliance on external capital and gives management flexibility to execute strategy over the next several quarters.
Read all positive factors
Wai Kee Holdings Limited (0610) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$666.22M
Dividend YieldN/A
Average Volume (3M)239.39K
Price to Earnings (P/E)―
Beta (1Y)0.28
Revenue Growth-3.72%
EPS Growth21.15%
CountryHK
Employees3,922
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-3.06
Shares Outstanding793,124,000
10 Day Avg. Volume216,643
30 Day Avg. Volume239,392
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.30
Price to Sales (P/S)0.05
P/FCF Ratio0.81
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
Wai Kee Holdings Limited Business Overview & Revenue Model
Company Description
Established in 1970 and based in Tsim Sha Tsui, Hong Kong, Wai Kee Holdings Limited functions as an investment holding company with significant operations in the construction and infrastructure sector. The group's activities span both Hong Kong an...
How the Company Makes Money
null...
Wai Kee Holdings Limited Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
52
Neutral
Cash Flow
61
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 13.94B | 14.48B | 12.71B | 12.63B | 10.28B |
| Gross Profit | 1.28B | 1.32B | 1.46B | 1.14B | 902.28M |
| EBITDA | -1.97B | 592.79M | 792.65M | 806.58M | 607.92M |
| Net Income | -2.43B | -3.09B | -1.59B | -6.76M | 676.16M |
Balance Sheet | |||||
| Total Assets | 9.78B | 12.64B | 16.36B | 17.59B | 18.40B |
| Cash, Cash Equivalents and Short-Term Investments | 3.07B | 2.63B | 2.16B | 3.08B | 3.06B |
| Total Debt | 680.88M | 1.19B | 1.59B | 1.78B | 2.27B |
| Total Liabilities | 6.16B | 6.89B | 7.26B | 6.71B | 6.94B |
| Stockholders Equity | 2.43B | 4.64B | 8.10B | 9.98B | 10.68B |
Cash Flow | |||||
| Free Cash Flow | 885.99M | 648.00M | 250.66M | 958.54M | -853.05M |
| Operating Cash Flow | 1.01B | 753.53M | 312.13M | 1.09B | -516.07M |
| Investing Cash Flow | 557.67M | 79.22M | -593.47M | -29.12M | 221.26M |
| Financing Cash Flow | -734.01M | -528.23M | -381.85M | -793.83M | 689.95M |
Wai Kee Holdings Limited Technical Analysis
Negative
0.92
Price Trends
0.86
Negative
0.89
Negative
0.86
Negative
Market Momentum
>-0.01
Negative
46.36
Neutral
80.95
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0610, the sentiment is Negative. The current price of 0.92 is above the 20-day moving average (MA) of 0.85, above the 50-day MA of 0.86, and above the 200-day MA of 0.86, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.36 is Neutral, neither overbought nor oversold. The STOCH value of 80.95 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0610.
Wai Kee Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$1.69B | 3.78 | 16.17% | 12.15% | -3.66% | 4.32% | |
73 Outperform | HK$1.08B | 17.58 | 5.24% | 13.24% | -13.83% | 50.41% | |
66 Neutral | HK$37.08B | 4.13 | 11.37% | 6.69% | -5.48% | -4.24% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
51 Neutral | HK$1.34B | -4,640.73 | -0.11% | ― | -2.02% | -101.97% | |
49 Neutral | HK$666.22M | -0.27 | -118.41% | ― | -3.72% | 21.15% | |
46 Neutral | HK$236.55M | -1.17 | -6.00% | 7.35% | 13.50% | -106.11% |
* Industrials Sector Average
HK:0610
Wai Kee Holdings Limited
0.84
0.17
25.37%
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1.36
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7.02
-4.33
-38.15%
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0.54
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-30.77%
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JBB Builders International Ltd.
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130.17%
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Wai Kee Holdings Limited Corporate Events
Wai Kee Shareholders Approve AGM Resolutions as Veteran INED Retires
May 22, 2026
Shareholders of Wai Kee Holdings Limited approved all resolutions at the 22 May 2026 annual general meeting, including the adoption of the 2025 financial statements, re-election of three directors, and renewal of mandates to issue and repurchase s...
Wai Kee Sets Out Board Composition and Committee Roles
May 22, 2026
Wai Kee Holdings Limited has announced the current composition of its board, naming Chairman and Chief Executive Officer Mr. Zen Wei Peu, Derek, alongside executive directors Miss Chiu Wai Yee, Anriena, and Mr. Zen Chung Hei, Hayley, as well as th...
Wai Kee Sets 2026 AGM to Approve Director Slate, Auditor and Share Issuance Mandate
Apr 28, 2026
Wai Kee Holdings Limited has called its Annual General Meeting for 22 May 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 31 December 2025 and consider the re-election of three directors, along...
Wai Kee to Replace Deloitte With Crowe as Auditor After 33 Years
Apr 23, 2026
Wai Kee Holdings Limited has announced a planned change of auditor, with Deloitte Touche Tohmatsu set to retire after the conclusion of the annual general meeting on 22 May 2026, ending more than 33 years in the role. The board and audit committee...
Wai Kee Narrows Annual Loss Despite Ongoing Hit From Associates
Mar 26, 2026
Wai Kee Holdings reported revenue of HK$13.94 billion for the year ended 31 December 2025, a slight decline from the prior year, and a consolidated loss attributable to shareholders of HK$2.43 billion, narrowing from a HK$3.09 billion loss. Basic ...
Wai Kee Sets Board Meeting to Approve 2025 Annual Results
Mar 13, 2026
Wai Kee Holdings Limited has scheduled a board meeting for 26 March 2026 to review and approve the final results of the company and its subsidiaries for the financial year ended 31 December 2025. The announcement signals the upcoming release of an...
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.