NWS Holdings Limited (HK:0659)
:0659
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NWS Holdings
(0659)
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Rating:62Neutral
Price Target:
HK$8.50
â–˛(9.82% Upside)
Action:N/ADate:07/25/25
NWS Holdings receives an overall stock score of 62, driven primarily by mixed financial performance (score: 55, weight: 50%) with improved profitability offset by significant revenue decline and weak cash flows. Positive technical momentum (score: 75, weight: 30%) supports a bullish trend, while a reasonable valuation with an attractive dividend yield (score: 70, weight: 20%) adds to the score. Key risks include revenue contraction and cash flow challenges, which temper the overall outlook.
NWS Holdings (0659) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$36.12B
Dividend Yield11.39%
Average Volume (3M)2.43M
Price to Earnings (P/E)5.8
Beta (1Y)0.40
Revenue Growth-8.09%
EPS Growth1.87%
CountryHK
Employees12,800
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.29
Shares Outstanding4,566,143,600
10 Day Avg. Volume1,711,183
30 Day Avg. Volume2,430,281
Financial Highlights & Ratios
PEG Ratio6.05
Price to Book (P/B)0.68
Price to Sales (P/S)1.11
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 Target
HK$11.05Price Target Upside42.76% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.65
Revenue Forecast (FY)HK$25.00B
NWS Holdings Business Overview & Revenue Model
Company Description
NWS Holdings Limited, an investment holding company, primarily invests in, develops, and/or operates toll roads in Hong Kong, Mainland China, and internationally. The company operates through Roads, Aviation, Construction, Insurance, Logistics, Fa...
How the Company Makes Money
NWS Holdings generates revenue primarily through its investments and operations in infrastructure and services. The company's key revenue streams include toll fees from its road infrastructure projects, service fees from managing water treatment a...
NWS Holdings Earnings Call Summary
Earnings Call Date:Sep 24, 2025
(Q4-2025)
| % Change Since: |
Next Earnings Date:Sep 25, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted strong financial performance, growth in the financial services segment, and strategic acquisitions. However, challenges persist in the road and logistics segments, and there are concerns about the impact on the dividend policy due to the road segment's shrinking concession period.Positive Updates
Increased AOP and Strong Financial Performance
AOP increased by 7% year-on-year to $4.5 billion. Adjusted EBITDA increased by 1% to $7.3 billion. Profit attributable to shareholders increased by 4% year-on-year to HKD 2.2 billion.
Negative Updates
Road Segment Decline
Road segment AOP decreased by 8% year-on-year due to the expiration of concession periods and shifting traffic patterns.
Read all updates
Q4-2025 Updates
Positive
Negative
Increased AOP and Strong Financial Performance
AOP increased by 7% year-on-year to $4.5 billion. Adjusted EBITDA increased by 1% to $7.3 billion. Profit attributable to shareholders increased by 4% year-on-year to HKD 2.2 billion.
Read all positive updates
Company Guidance
During the CDF Services Limited Financial Year 2025 Annual Results Analyst Briefing, the management provided detailed guidance across various business segments. The group achieved a 7% year-on-year increase in attributable operating profit (AOP) to $4.5 billion, with specific growth noted in the Financial Services segment, which saw a 29% increase to $1.24 billion. The Logistics segment also experienced a 3% rise in AOP to $740 million. The company maintained a sustainable and progressive dividend policy, distributing a total dividend of HKD 0.95 per share, yielding an 8.3% dividend return. Strategic portfolio optimizations included divestments and the renaming of the insurance segment to Financial Services, reflecting its broadened scope. Despite challenges in the Road segment, where AOP decreased by 8%, the group remains focused on enhancing existing road portfolios. The guidance also highlighted an emphasis on growing market share in construction and facilities management, leveraging government initiatives in Hong Kong. Financially, the group reported a profit attributable to shareholders of HKD 2.2 billion and maintained a healthy net debt balance of HKD 14.7 billion, with a net gearing ratio of 37%. The strategic issuance of convertible bonds aimed to increase public float and enhance stock liquidity, with a recent exchangeable bond transaction expected to generate significant gains. The management's outlook remains focused on leveraging strong brand equity, optimizing portfolios, and maximizing shareholder value.NWS Holdings Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
55
Neutral
Cash Flow
45
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.00B | 24.29B | 26.42B | 27.12B | 31.14B | 28.20B |
| Gross Profit | 6.93B | 3.95B | 3.94B | 5.20B | 3.53B | 3.79B |
| EBITDA | 6.28B | 9.96B | 5.42B | 4.53B | 5.38B | 3.97B |
| Net Income | 2.43B | 2.36B | 2.54B | 2.06B | 2.17B | 1.70B |
Balance Sheet | ||||||
| Total Assets | 182.16B | 172.90B | 155.08B | 161.97B | 148.77B | 152.57B |
| Cash, Cash Equivalents and Short-Term Investments | 31.51B | 29.92B | 25.45B | 33.07B | 27.09B | 23.94B |
| Total Debt | 37.71B | 35.58B | 30.63B | 35.11B | 35.24B | 26.04B |
| Total Liabilities | 143.32B | 133.01B | 111.73B | 122.19B | 105.41B | 104.65B |
| Stockholders Equity | 38.82B | 39.86B | 43.33B | 55.69B | 53.84B | 58.44B |
Cash Flow | ||||||
| Free Cash Flow | -147.30M | 0.00 | 1.96B | 5.68B | 5.56B | -41.90M |
| Operating Cash Flow | 309.20M | 0.00 | 2.45B | 6.20B | 6.26B | 370.00M |
| Investing Cash Flow | -847.20M | 0.00 | 2.52B | 4.44B | 2.82B | 5.94B |
| Financing Cash Flow | 1.05B | 0.00 | -9.27B | -3.68B | -4.65B | -8.58B |
NWS Holdings Technical Analysis
Negative
7.74
Price Trends
8.52
Negative
7.97
Negative
7.31
Positive
Market Momentum
-0.17
Positive
40.19
Neutral
34.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0659, the sentiment is Negative. The current price of 7.74 is below the 20-day moving average (MA) of 8.14, below the 50-day MA of 8.52, and above the 200-day MA of 7.31, indicating a neutral trend. The MACD of -0.17 indicates Positive momentum. The RSI at 40.19 is Neutral, neither overbought nor oversold. The STOCH value of 34.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0659.
NWS Holdings Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | HK$36.12B | 5.82 | 6.37% | 11.39% | -8.09% | 1.87% | |
62 Neutral | HK$44.63B | 4.99 | 11.89% | 6.69% | -5.14% | -4.05% | |
62 Neutral | HK$1.96B | 11.31 | 8.04% | 6.55% | -22.53% | -30.02% | |
60 Neutral | HK$26.36B | 17.27 | 5.62% | 5.31% | 11.89% | 8.49% | |
53 Neutral | HK$81.30B | 6.98 | 7.17% | 3.90% | 11.49% | -7.01% | |
44 Neutral | HK$64.81B | 5.71 | 0.95% | 3.21% | -18.36% | -47.29% |
* Industrials Sector Average
HK:0659
NWS Holdings
7.91
2.12
36.69%
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NWS Holdings Corporate Events
CTF Services’ Stage 2 Acquisition Deals Lapse After Long Stop Date
Jan 2, 2026
CTF Services Limited has announced that the share purchase agreements relating to the Stage 2 acquisitions of additional equity interests in uSmart Inlet Group Ltd and Genius Professional Enterprises Limited have lapsed after the 31 December 2025 ...
CTF Services Adjusts Share Option Terms After Scrip Dividend Issuance
Dec 23, 2025
CTF Services Limited has issued and allotted 7,043,779 new shares under a scrip dividend scheme and distributed approximately HK$1.37 billion in cash to shareholders who opted to receive their final dividend for the year ended 30 June 2025 in cash...
CTF Services Limited Announces Final Dividend with Scrip Option for 2025
Dec 1, 2025
CTF Services Limited has announced a final cash dividend with a scrip option for the financial year ending June 30, 2025. The dividend declared is HKD 0.35 per share, with the option to convert cash dividends into scrip shares at a price of HKD 7....
NWS Holdings Announces Adjustments to Share Options and Convertible Bonds
Nov 24, 2025
NWS Holdings, through its subsidiary CTF Services Limited, announced adjustments to its financial instruments, specifically the exercise price and number of outstanding share options and the conversion price of its convertible bonds. These changes...
NWS Holdings Restores Public Float Above Regulatory Minimum
Nov 21, 2025
NWS Holdings, a company incorporated in Bermuda, has announced the restoration of its public float to above the minimum required 25% as per the Listing Rules. This was achieved through the issuance and conversion of convertible bonds, resulting in...
CTF Services Limited Successfully Passes All AGM Resolutions
Nov 18, 2025
CTF Services Limited announced that all resolutions proposed at its Annual General Meeting on November 18, 2025, were approved by shareholders. Key resolutions included the approval of a final dividend, re-election of directors, re-appointment of ...
NWS Holdings Completes Stage 1 of Strategic Acquisitions
Nov 7, 2025
NWS Holdings announced the completion of Stage 1 of its acquisition of equity interests in uSmart Inlet Group Ltd and Genius Professional Enterprises Limited. The completion involved amendments to the Share Purchase Agreements (SPA) for both compa...
CTF Services Limited Announces Hybrid Annual General Meeting for 2025
Oct 24, 2025
CTF Services Limited has announced its annual general meeting will be held on November 18, 2025, as a hybrid event at the Hong Kong Convention and Exhibition Centre and online. The meeting will address several key agenda items, including the consi...
CTF Services Limited Announces Final Dividend with Scrip Option
Oct 24, 2025
CTF Services Limited has announced a final ordinary cash dividend of HKD 0.35 per share for the financial year ending June 30, 2025. Shareholders have the option to receive the dividend in cash or convert it into scrip shares, with the share certi...
CTF Services Limited Announces Bonus Share Issue for 2025
Oct 24, 2025
CTF Services Limited has announced a bonus issue of shares for the financial year ending June 30, 2025, with a distribution ratio of one bonus share for every ten existing shares held. The announcement updates previous information regarding the di...
CTF Services Limited Delays Circular Dispatch for FY2026 Sales Cap Revision
Oct 21, 2025
CTF Services Limited, a company incorporated in Bermuda, has announced a delay in the dispatch of a circular related to the revision of the FY2026 Annual Sales Cap for certain continuing connected transactions under the NWD Master Services Agreeme...
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.