Carry Wealth Holdings Limited (HK:0643)
:0643
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Carry Wealth Holdings Limited
(0643)
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Rating:46Neutral
Price Target:
HK$0.24
▼(-3.20% Downside)
Action:Reiterated
Date:05/11/26
The score is primarily held down by weak financial performance (shrinking revenue, compressed margins, widening losses, and sharply negative 2025 operating/free cash flow). Technicals are broadly neutral with limited momentum, and valuation support is weak due to loss-making earnings and no dividend information.
Positive Factors
Low financial leverage
Extremely low debt and improving leverage provide durable financial flexibility. With minimal interest burden the company can prioritize operational recovery, negotiate supplier terms, or access refinancing without immediate solvency pressure, lengthening runway for a turnaround.
Negative Factors
Sharp revenue decline
A sharp loss of sales scale materially weakens economies of scale and bargaining power, pressuring margins and fixed-cost absorption. Persistent revenue decline risks structural market share loss and requires sustained product, distribution, or pricing fixes to restore durable top-line growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Low financial leverage
Extremely low debt and improving leverage provide durable financial flexibility. With minimal interest burden the company can prioritize operational recovery, negotiate supplier terms, or access refinancing without immediate solvency pressure, lengthening runway for a turnaround.
Read all positive factors
Carry Wealth Holdings Limited (0643) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$215.06M
Dividend YieldN/A
Average Volume (3M)0.00
Price to Earnings (P/E)―
Beta (1Y)0.36
Revenue Growth-52.58%
EPS Growth-36.70%
CountryHK
Employees213
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)-0.05
Shares Outstanding899,845,600
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio-0.12
Price to Book (P/B)1.89
Price to Sales (P/S)0.63
P/FCF Ratio-2.80
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
Carry Wealth Holdings Limited Business Overview & Revenue Model
Company Description
Carry Wealth Holdings Limited, an investment holding company, manufactures and trades in garment products for various brands in the United States, Mainland China, Europe, Hong Kong, and internationally. The company operates through Garment Manufac...
Carry Wealth Holdings Limited Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
68
Positive
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 315.23M | 664.69M | 493.06M | 499.02M | 441.17M |
| Gross Profit | 37.98M | 66.14M | 62.95M | 80.22M | 61.09M |
| EBITDA | -30.59M | -15.93M | 11.02M | 9.29M | 12.08M |
| Net Income | -46.24M | -33.79M | -8.92M | -7.54M | -1.46M |
Balance Sheet | |||||
| Total Assets | 212.27M | 239.56M | 279.30M | 254.73M | 289.23M |
| Cash, Cash Equivalents and Short-Term Investments | 48.50M | 113.30M | 120.15M | 97.02M | 51.49M |
| Total Debt | 2.69M | 1.74M | 33.91M | 34.06M | 65.65M |
| Total Liabilities | 106.60M | 91.64M | 101.45M | 125.20M | 140.88M |
| Stockholders Equity | 105.67M | 147.92M | 177.84M | 129.53M | 148.34M |
Cash Flow | |||||
| Free Cash Flow | -71.39M | 0.00 | -23.42M | 31.53M | -34.48M |
| Operating Cash Flow | -70.60M | -10.96M | -20.77M | 33.76M | -31.67M |
| Investing Cash Flow | -525.00K | 0.00 | -1.84M | 46.22M | -46.30M |
| Financing Cash Flow | 11.98M | 0.00 | 47.54M | -32.86M | 44.15M |
Carry Wealth Holdings Limited Technical Analysis
Negative
0.25
Price Trends
0.24
Negative
0.25
Negative
0.37
Negative
Market Momentum
>-0.01
Positive
46.78
Neutral
38.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0643, the sentiment is Negative. The current price of 0.25 is above the 20-day moving average (MA) of 0.24, above the 50-day MA of 0.24, and below the 200-day MA of 0.37, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.78 is Neutral, neither overbought nor oversold. The STOCH value of 38.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0643.
Carry Wealth Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | HK$164.35M | 2.33 | 7.64% | 6.67% | 30.48% | 116.41% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | HK$439.50M | 6.47 | -14.53% | ― | -5.61% | ― | |
52 Neutral | HK$165.40M | -0.96 | -8.69% | 2.08% | -6.96% | -32.24% | |
52 Neutral | HK$243.58M | -0.88 | -9.21% | ― | 1.89% | 70.78% | |
46 Neutral | HK$215.06M | -4.32 | -41.36% | ― | -52.58% | -36.70% | |
45 Neutral | HK$76.04M | 10.93 | 2.89% | 12.12% | -14.26% | -76.67% |
* Consumer Cyclical Sector Average
HK:0643
Carry Wealth Holdings Limited
0.24
0.00
0.00%
HK:0311
Luen Thai Holdings Limited
0.43
0.27
165.63%
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Yangtzekiang Garment Co. Ltd.
0.80
-0.06
-6.98%
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Shanshan Brand Management Co. Ltd. Class H
0.57
-0.45
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HK:3398
China Ting Group Holdings Limited
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<0.01
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Furniweb Holdings Limited
0.18
-0.01
-5.82%
Carry Wealth Holdings Limited Corporate Events
Carry Wealth Moves to Modernise Bye-Laws for Digital and Paperless Regime
May 7, 2026
Carry Wealth Holdings Limited plans to overhaul its constitutional documents by replacing its existing Bye-Laws with a fully amended and restated version. The move reflects the company’s intent to modernise its corporate governance framework...
Carry Wealth Reshapes Board and Committee Leadership
May 7, 2026
Carry Wealth Holdings Limited has updated its board structure effective 7 May 2026, naming executive director Zhang ZiXing as chairman alongside fellow executives Yu Baosen and Lee Chi Ho, and appointing three independent non-executive directors l...
Carry Wealth Revamps Board as Lead Independent Director Resigns
May 7, 2026
Carry Wealth Holdings Limited has announced the resignation of Mr. Cheng Wai Hei as an independent non‑executive director, lead independent non‑executive director, and chairman or member of several key board committees, effective 7 May...
Carry Wealth Swings to Deeper 2025 Loss as Orders Slide and Costs Bite
Mar 27, 2026
Carry Wealth Holdings Limited reported a sharp deterioration in 2025 results as revenue almost halved to HK$315.2 million and its net loss widened to HK$46.2 million, reflecting weaker orders from U.S. and European customers and ongoing cost press...
Carry Wealth Flags Sharply Wider 2025 Loss on Slump in Orders and Margin Pressure
Mar 5, 2026
Carry Wealth Holdings Limited has warned that its net loss for the year ending 31 December 2025 is expected to widen significantly to about HK$46.9 million from HK$33.7 million a year earlier. The deterioration reflects a sharp revenue decline of ...
Carry Wealth Schedules Board Meeting to Approve 2025 Results and Consider Final Dividend
Mar 4, 2026
Carry Wealth Holdings Limited has scheduled a board meeting for 27 March 2026 to review and approve the annual results for the year ended 31 December 2025, as well as to decide on the publication of those results. The board will also consider whet...
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.