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Road King Infrastructure
(OTC:1098)
Road King Infrastructure (1098) vs. iShares MSCI Hong Kong ETF (EWH)
Road King Infrastructure Business Overview & Revenue Model
Road King Infrastructure Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.54B | 13.08B | 17.16B | 24.68B | 24.20B |
| Gross Profit | -1.73B | -647.99M | 2.94B | 5.40B | 6.51B |
| EBITDA | -2.58B | -2.50B | 1.18B | 3.46B | 4.72B |
| Net Income | -3.58B | -3.43B | -495.38M | 1.03B | 1.72B |
Balance Sheet | |||||
| Total Assets | 57.51B | 73.15B | 90.00B | 108.24B | 103.28B |
| Cash, Cash Equivalents and Short-Term Investments | 4.27B | 5.48B | 8.38B | 12.71B | 14.17B |
| Total Debt | 16.24B | 22.65B | 40.06B | 46.89B | 45.39B |
| Total Liabilities | 36.61B | 45.95B | 64.20B | 79.39B | 77.19B |
| Stockholders Equity | 17.94B | 22.66B | 20.25B | 22.34B | 20.93B |
Cash Flow | |||||
| Free Cash Flow | 2.03B | 2.54B | 725.03M | 4.84B | -3.12B |
| Operating Cash Flow | 2.05B | 2.56B | 738.37M | 4.88B | -3.10B |
| Investing Cash Flow | 4.66B | 2.94B | -38.79M | -6.43B | -4.58B |
| Financing Cash Flow | -7.99B | -8.16B | -4.38B | -286.20M | 6.00B |
Road King Infrastructure Technical Analysis
Road King Infrastructure Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$1.02B | 31.73 | 2.21% | 1.19% | -14.05% | 20.05% | |
56 Neutral | HK$683.27M | 540.00 | 0.02% | 6.05% | -18.89% | -99.23% | |
53 Neutral | $1.24B | 2.72 | -2.60% | 5.65% | -2.15% | -149.23% | |
45 Neutral | HK$457.11M | ― | -1.72% | ― | 14.05% | 56.22% | |
41 Neutral | HK$547.02M | ― | -31.08% | ― | -57.65% | -4.05% | |
41 Neutral | HK$426.63M | ― | -5.04% | ― | 46.93% | 63.40% |
Road King Infrastructure Corporate Events
Road King Infrastructure Limited has announced a suspension of payments on its offshore bank debt, notes, and perpetual securities due to liquidity pressures and market downturns. Despite efforts to manage its obligations, the company faces challenges from sluggish sales, tightened credit, and geopolitical tensions affecting asset sales. The company plans to explore a holistic restructuring solution to secure its long-term future, aiming to benefit all creditors and stakeholders.
Road King Infrastructure Limited has announced that its Board of Directors will convene on August 26, 2025, to approve the interim results for the first half of the year ending June 30, 2025. This meeting is significant as it will provide insights into the company’s financial performance and strategic direction, potentially impacting stakeholders and market positioning.
Road King Infrastructure Limited, through its subsidiary RKP Overseas Finance 2016 (A) Limited, announced a deferral of distribution payments on its 7.95% Senior Guaranteed Perpetual Capital Securities. This decision, impacting the scheduled payment on 17 August 2025, reflects strategic financial management, though it introduces uncertainty for security holders, who are advised to exercise caution.
Road King Infrastructure Limited announced an update on its consent solicitations for several series of guaranteed senior notes due between 2028 and 2030. Despite a majority of noteholders voting in favor of proposed amendments and waivers, the company did not receive the necessary consent for all series, leading to a decision not to proceed with the resolutions in their current form. The company is exploring its options and will provide updates to stakeholders as developments occur.
Road King Infrastructure Limited, through its subsidiaries RKPF Overseas 2019 (A) Limited and RKPF Overseas 2020 (A) Limited, announced an update on their consent solicitations for several series of guaranteed senior notes due between 2028 and 2030. Despite a majority of noteholders voting in favor of proposed amendments and waivers, the required consent was not obtained for all series, leading the issuers to decide against tabling the extraordinary resolutions in their current form.
Road King Infrastructure Limited has announced a change in its principal place of business in Hong Kong, effective from August 1, 2025. This move to a new location in Tsimshatsui, Kowloon, signifies a strategic adjustment in the company’s operations, potentially impacting its logistical and operational efficiencies.
Road King Infrastructure Limited reported unaudited operating statistics for the first half of 2025, with contracted property sales totaling RMB4,768 million and additional subscribed sales of RMB464 million, bringing the total to RMB5,232 million. The company’s expressway projects generated toll revenue of HKD879 million and an average daily traffic volume of 91,000 vehicles, indicating robust operational performance. However, these figures are preliminary and subject to change, advising caution for investors.
Road King Infrastructure Limited has announced that its subsidiaries, RKPF Overseas 2019 (A) Limited and RKPF Overseas 2020 (A) Limited, are inviting eligible holders of their outstanding senior notes to approve certain amendments and waivers. These changes are subject to the passing of Extraordinary Resolutions and other conditions, with meetings scheduled to discuss these matters. This move could impact the company’s financial structuring and stakeholder relations, as it seeks to manage its debt obligations effectively.
Road King Infrastructure Limited announced the launch of new consent solicitations for its senior notes due in 2028, 2029, and 2030, following feedback from minority holders. The company aims to address the concerns of these holders by proposing revised terms, including changes to the use of specified asset proceeds and tightening covenants related to unsecured offshore indebtedness and security interests. This move reflects Road King’s commitment to engaging constructively with stakeholders and ensuring the stability of its financial operations.
Road King Infrastructure Limited, along with its subsidiaries RKPF Overseas 2019 (A) Limited and RKPF Overseas 2020 (A) Limited, announced an update on their consent solicitations regarding several series of guaranteed senior notes due between 2028 and 2030. The majority of note holders have voted in favor of the proposed amendments and waivers, indicating strong support for the company’s financial strategies. However, feedback from some minority holders has been received, highlighting the challenges faced and requesting further considerations.
Road King Infrastructure Limited announced that a majority of noteholders have voted in favor of proposed amendments and waivers for its senior notes due between 2028 and 2030. However, feedback from minority holders has led the company to reconsider the terms and delay tabling the resolutions. The company plans to launch a new consent solicitation process with revised terms and aims to address the concerns of all stakeholders, ensuring equitable treatment and timely updates.
Road King Infrastructure Limited has announced an extension of the early voting deadline for its Consent Solicitations related to several guaranteed senior notes due between 2028 and 2030. This decision follows feedback from holders requesting additional time to complete internal procedures necessary for submitting consent instructions, indicating the company’s responsiveness to stakeholder needs and its commitment to facilitating effective participation in its financial arrangements.
Road King Infrastructure Limited has announced a change in its company secretary position. Mr. Kennedy Lee has resigned, effective June 30, 2025, and Mr. Thomas Ng, currently an Executive Director and Chief Financial Officer, will assume the role from July 1, 2025. Mr. Ng brings over 29 years of experience in accounting and financial management, which is expected to enhance the company’s operational efficiency and governance.
Road King Infrastructure Limited has announced that its subsidiaries, RKPF Overseas 2019 (A) Limited and RKPF Overseas 2020 (A) Limited, are inviting eligible holders of their outstanding guaranteed senior notes to approve certain amendments and waivers. These amendments and waivers are contingent upon the passing of Extraordinary Resolutions and other conditions. This move is likely aimed at restructuring or optimizing the terms of their financial obligations, which could impact the company’s financial strategy and stakeholder interests.
Road King Infrastructure Limited has announced consent solicitations for several series of its guaranteed senior notes due between 2028 and 2030. The company aims to address its liquidity challenges by extending the maturities of these notes and implementing cash sweep mechanisms. Despite these efforts, Road King continues to face financial pressures due to a downturn in China’s real estate market and geopolitical factors affecting its asset sales. The proposed amendments and waivers are intended to provide short-term relief and maximize asset value for stakeholders.
Road King Infrastructure Limited, through its subsidiary RKI Overseas Finance 2017 (A) Limited, has announced a deferral of distribution payments on its 7% Senior Guaranteed Perpetual Capital Securities. This decision, impacting payments scheduled for June 23, 2025, reflects ongoing financial management strategies and may influence stakeholder confidence, urging caution among securities holders.
Road King Infrastructure Limited announced the successful conclusion of its Annual General Meeting, where all proposed resolutions were passed. Key changes in the board include the retirement of Ms. Hui Grace Suk Han and the resignation of Mr. Xu Enli, with new appointments including Mr. Yuan Yang and Ms. Lam Man Kuen, Phyllis. These changes are expected to impact the company’s governance and strategic direction.
Road King Infrastructure Limited has announced the composition of its board of directors and their respective roles, highlighting the leadership structure within the company. This announcement provides clarity on the governance framework, potentially impacting stakeholder confidence and the company’s strategic direction.
Road King Infrastructure Limited reported unaudited operating statistics for the first quarter of 2025, revealing contracted sales of RMB1,761 million and total property sales of RMB2,295 million. Additionally, the company’s toll revenue from expressway projects reached HKD409 million with an average daily traffic volume of 85,000 vehicles. These preliminary figures highlight the company’s ongoing operations and market presence, though stakeholders are advised to exercise caution due to potential uncertainties in the data.