Carry Wealth Holdings Limited (HK:0643)
:0643
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Carry Wealth Holdings Limited
(0643)
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Rating:48Neutral
Price Target:
HK$0.24
▼(-4.40% Downside)
Action:ReiteratedDate:01/15/26
The score is held back primarily by weak financial quality—compressed margins, ongoing losses, and negative operating cash flow—despite strong 2024 revenue growth and a low-debt balance sheet. Technicals contribute modest support from an improved short-term trend, while valuation is constrained by the company’s loss-making profile and lack of dividend yield data.
Positive Factors
Conservative leverage
Very low debt provides durable financial flexibility: the company can fund operations, absorb continued losses, and pursue working-capital or capex needs without near-term refinancing risk. This structural balance-sheet strength supports survival and optionality over months.
Negative Factors
Margin compression
Steady gross margin erosion reflects worsening cost structure or pricing pressure in apparel manufacturing. Persistently thin gross margins limit operating leverage, make profitability fragile to revenue swings, and constrain ability to fund SG&A or reinvest without margin recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
Very low debt provides durable financial flexibility: the company can fund operations, absorb continued losses, and pursue working-capital or capex needs without near-term refinancing risk. This structural balance-sheet strength supports survival and optionality over months.
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)0.38
Revenue Growth-13.88%
EPS Growth-210.33%
CountryHK
Employees213
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)-0.02
Shares Outstanding899,845,600
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)1.98
Price to Sales (P/S)0.44
P/FCF Ratio0.00
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...
How the Company Makes Money
Carry Wealth Holdings Limited generates revenue through its garment manufacturing operations. The company earns money by producing apparel for international fashion brands, which involves designing, sourcing materials, manufacturing, and deliverin...
Carry Wealth Holdings Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
67
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 470.80M | 664.69M | 493.06M | 499.02M | 441.17M | 290.51M |
| Gross Profit | 37.35M | 66.14M | 62.95M | 80.22M | 61.09M | 47.02M |
| EBITDA | -40.20M | -15.93M | 11.02M | 9.29M | 12.08M | -4.21M |
| Net Income | -51.36M | -33.79M | -8.92M | -7.54M | -1.46M | -15.35M |
Balance Sheet | ||||||
| Total Assets | 209.38M | 239.56M | 279.30M | 254.73M | 289.23M | 246.26M |
| Cash, Cash Equivalents and Short-Term Investments | 91.75M | 113.30M | 120.15M | 97.02M | 51.49M | 85.92M |
| Total Debt | 2.60M | 1.74M | 33.91M | 34.06M | 65.65M | 25.08M |
| Total Liabilities | 91.45M | 91.64M | 101.45M | 125.20M | 140.88M | 107.00M |
| Stockholders Equity | 117.92M | 147.92M | 177.84M | 129.53M | 148.34M | 139.25M |
Cash Flow | ||||||
| Free Cash Flow | -23.23M | 0.00 | -23.42M | 31.53M | -34.48M | 21.83M |
| Operating Cash Flow | -50.50M | -10.96M | -20.77M | 33.76M | -31.67M | 22.61M |
| Investing Cash Flow | -316.00K | 0.00 | -1.84M | 46.22M | -46.30M | -4.05M |
| Financing Cash Flow | -1.10M | 0.00 | 47.54M | -32.86M | 44.15M | 16.55M |
Carry Wealth Holdings Limited Technical Analysis
Negative
0.25
Price Trends
0.24
Negative
0.25
Negative
0.37
Negative
Market Momentum
<0.01
Negative
49.81
Neutral
75.00
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 Negative momentum. The RSI at 49.81 is Neutral, neither overbought nor oversold. The STOCH value of 75.00 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | HK$145.88M | 4.12 | 7.64% | 6.67% | 18.97% | -4.28% | |
70 Outperform | HK$85.38M | 11.22 | 2.89% | 12.12% | -7.88% | -4.49% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
52 Neutral | HK$169.53M | -0.96 | -8.69% | 2.08% | -6.96% | -32.24% | |
48 Neutral | HK$215.06M | -4.32 | -41.36% | ― | -13.88% | -210.33% | |
43 Neutral | HK$213.03M | 6.46 | -14.53% | ― | 0.34% | -47.98% | |
43 Neutral | HK$115.49M | -0.62 | -25.27% | ― | 4.98% | -3.47% |
* Consumer Cyclical Sector Average
HK:0643
Carry Wealth Holdings Limited
0.24
0.07
43.98%
HK:0311
Luen Thai Holdings Limited
0.21
0.05
28.75%
HK:0294
Yangtzekiang Garment Co. Ltd.
0.82
-0.09
-9.89%
HK:1749
Shanshan Brand Management Co. Ltd. Class H
0.64
-0.29
-31.18%
HK:3398
China Ting Group Holdings Limited
0.06
-0.06
-52.99%
HK:8480
Furniweb Holdings Limited
0.16
-0.03
-17.28%
Carry Wealth Holdings Limited Corporate Events
Carry Wealth Takeover Bid Lapses After Minimal Shareholder Acceptance
Jan 14, 2026
Carry Wealth Holdings Limited has disclosed that a conditional mandatory general cash offer to acquire all its issued shares not already held by the joint offerors has lapsed after receiving minimal shareholder support. As of the first closing dat...
Carry Wealth Announces Name Change of Hong Kong Auditor
Jan 12, 2026
Carry Wealth Holdings Limited has announced a change in the English and Chinese names of its Hong Kong auditor, reflecting a rebranding of the audit firm rather than a change in audit provider. The auditor’s English name has been changed fro...
Carry Wealth Launches Mandatory General Cash Offer with Composite Document Despatch
Dec 24, 2025
Carry Wealth Holdings Limited has announced the formal despatch of a composite offer document to shareholders, marking the commencement of a conditional mandatory general cash offer by Zephyrus Capital Limited, Mr. Tsang Chun Ho Anthony and their ...
Carry Wealth Holdings Announces Further Delay in Document Dispatch
Dec 5, 2025
Carry Wealth Holdings Limited, along with Zephyrus Capital Limited and Mr. Tsang Chun Ho Anthony, has announced a further delay in the dispatch of the Composite Document related to a conditional mandatory general cash offer. The delay is due to th...
Carry Wealth Holdings Delays Dispatch of Composite Document for Cash Offer
Nov 14, 2025
Carry Wealth Holdings Limited has announced a delay in the dispatch of a composite document related to a conditional mandatory general cash offer by Quam Securities Limited on behalf of joint offerors Zephyrus Capital Limited and Mr. Tsang Chun Ho...
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.