Teamway International Group Holdings Limited (1239) AI Stock Analysis

• Market Cap: HK$251.73M
• Dividend Yield: N/A
• Average Volume (3M): 474.60K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.07
• Revenue Growth: -44.23%
• EPS Growth: 41.20%
• Country: HK
• Employees: 345
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Packaging & Containers
• EPS (TTM): -0.06
• Shares Outstanding: 434,017,900
• 10 Day Avg. Volume: 318,562
• 30 Day Avg. Volume: 474,604
• PEG Ratio: 0.04
• Price to Book (P/B): -0.16
• Price to Sales (P/S): 0.20
• P/FCF Ratio: -5.07
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: HK$0.56 ▼(-13.85% Downside)

The score is held down primarily by weak financial performance (declining revenue, ongoing losses, negative equity, and negative cash flow). Technicals are supportive in the near term due to a strong uptrend versus moving averages, but overbought readings add risk. Valuation is unattractive/unclear due to a negative P/E and no dividend yield data.

Positive Factors

EPS Growth Trend

Reported EPS growth of ~41% suggests improving per-share earnings dynamics relative to prior periods. If sustainable, rising EPS can reflect operational improvements or margin recovery, supporting longer-term viability and potential reinstatement of profitability trends.

Access to Hong Kong Capital Market

Listing on the HKEX provides enduring access to a deep capital market and institutional investor base in Asia. That structural access improves ability to raise equity or debt over time, facilitating refinancing, M&A or capex to support long-term business recovery or growth plans.

Operational Scale

A workforce of 345 indicates an operational platform and capacity to run production, sales and distribution functions. This human capital provides a base to scale volumes or implement productivity improvements, supporting medium-term operational recovery if demand stabilizes.

Negative Factors

Sharp Revenue Decline

A c.44% revenue contraction signals loss of demand or market share, undermining unit economics and scale benefits. Sustained top-line erosion makes margin recovery, fixed cost absorption and reinvestment difficult, threatening medium-term viability without a clear turnaround.

Negative Stockholders' Equity

Negative equity is a structural solvency concern that restricts borrowing capacity and heightens creditor risk. It limits strategic flexibility, increases refinancing costs, and raises the probability of dilution or restructuring, impairing long-term financial stability.

Persistent Negative Cash Flow

Ongoing negative operating and free cash flows erode liquidity and necessitate external financing to fund operations. This weak cash generation undermines self-sustaining growth, increases reliance on debt or equity raises, and raises execution risk for long-term recovery plans.

Teamway International Group Holdings Limited Business Overview & Revenue Model

Company Description

Teamway International Group Holdings Limited, an investment holding company, designs, manufactures, and sells packaging products and structural components in the People's Republic of China, Hong Kong, and Singapore. The company offers expanded polystyrene and expanded polyolefin products for packaging consumer electrical appliances, such as televisions, air conditioners, washing machines, and refrigerators. It also invests in properties. The company was formerly known as Jin Bao Bao Holdings Limited and changed its name to Teamway International Group Holdings Limited in September 2017. Teamway International Group Holdings Limited was founded in 1995 and is headquartered in Tsim Sha Tsui, Hong Kong.

How the Company Makes Money

Teamway International Group Holdings Limited generates revenue through multiple streams. Its primary revenue source comes from property investments, where the company earns rental income and capital appreciation from its real estate holdings. Additionally, the trading of electronic components contributes significantly to its earnings, as the company sources products from manufacturers and sells them to clients in various industries. The construction and engineering services division also plays a crucial role in the revenue model, as it undertakes contracts that provide consistent income through project execution. Strategic partnerships with suppliers and clients enhance its market position, allowing Teamway to leverage its relationships for better pricing and access to new projects, further boosting its revenue potential.

Teamway International Group Holdings Limited Financial Statement Overview

Summary

Financial statements indicate significant weakness: declining revenues, negative gross/EBIT/EBITDA and net margins, negative stockholders’ equity (solvency risk), high leverage relative to assets, and negative operating and free cash flow.

Income Statement

The company has experienced declining revenues over the years, with a significant drop from 2022 to 2024. Gross profit margin and net profit margin are negative, indicating the company is not profitable. The EBIT and EBITDA margins are also negative, suggesting operational inefficiencies. Overall, the income statement shows weak financial performance with decreasing revenue and profitability issues.

Balance Sheet

The balance sheet reveals a negative stockholders' equity, indicating financial instability. The debt-to-equity ratio is not calculable due to negative equity, but total debt is high relative to assets. The equity ratio is negative, pointing to potential solvency risks. Overall, the balance sheet reflects a heavily leveraged company with significant financial risk.

Cash Flow

The company has struggled with cash flow, showing negative operating and free cash flows in recent years. The free cash flow growth rate is not calculable due to negative and zero values, and the operating cash flow to net income ratio is unfavorable. Overall, cash flow performance is weak, with challenges in generating positive cash flows.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	167.13M	252.95M	340.92M	385.16M	377.40M	362.83M
Gross Profit	241.00K	-4.41M	9.16M	57.83M	52.95M	64.56M
EBITDA	-47.03M	-69.29M	-57.51M	381.00K	5.00M	-1.58M
Net Income	-82.98M	-105.59M	-68.30M	-49.60M	-43.39M	-38.42M
Balance Sheet
Total Assets	238.38M	271.60M	319.13M	349.04M	346.92M	429.17M
Cash, Cash Equivalents and Short-Term Investments	36.06M	62.22M	26.90M	33.27M	58.67M	25.88M
Total Debt	472.42M	488.95M	455.25M	417.62M	353.04M	390.64M
Total Liabilities	553.43M	577.80M	517.55M	494.36M	423.85M	469.10M
Stockholders Equity	-322.58M	-312.06M	-206.36M	-145.32M	-76.94M	-39.93M
Cash Flow
Free Cash Flow	-5.64M	-9.87M	-59.72M	-19.69M	7.23M	-7.43M
Operating Cash Flow	5.92M	7.29M	-40.46M	-14.48M	13.27M	766.00K
Investing Cash Flow	-5.93M	-14.06M	-16.55M	-7.24M	27.46M	-9.96M
Financing Cash Flow	31.40M	36.29M	39.34M	-3.50M	-8.44M	-9.84M

Teamway International Group Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.65
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1239, the sentiment is Positive. The current price of 0.65 is above the 20-day moving average (MA) of 0.60, above the 50-day MA of 0.48, and above the 200-day MA of 0.28, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 55.75 is Neutral, neither overbought nor oversold. The STOCH value of 28.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1239.

Teamway International Group Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
0403	51 Neutral	HK$77.60M	-1.23	-10.45%	16.13%	-7.65%	-456.37%
1629	46 Neutral	HK$97.20M	-8.77	-4.08%	―	―	―
1820	46 Neutral	HK$751.58M	-24.49	-5.51%	3.20%	3.51%	-950.83%
8291	45 Neutral	HK$14.13M	3.20	―	―	-44.08%	―
2320	45 Neutral	HK$56.42M	-0.63	-12.11%	―	-23.51%	-5.26%
1239	43 Neutral	HK$251.73M	-2.55	―	―	-44.23%	41.20%

Teamway International Group Holdings Limited Corporate Events

Teamway International Raises HK$13.4 Million Through Share Subscription

Teamway International Group Holdings Limited has completed a new share subscription under its general mandate, issuing 39,456,175 new shares at HK$0.341 each to a single subscriber, raising net proceeds of about HK$13.4 million earmarked for general working capital. The issuance represents roughly 10% of the company’s pre-deal share capital and 9.09% of the enlarged share base, slightly diluting existing shareholders while bringing in fresh capital and introducing a new 9.09% shareholder, with the overall ownership structure of major directors and public shareholders remaining largely intact.

The most recent analyst rating on (HK:1239) stock is a Hold with a HK$0.63 price target. To see the full list of analyst forecasts on Teamway International Group Holdings Limited stock, see the HK:1239 Stock Forecast page.

Teamway International Announces New Share Subscription Agreement

Teamway International Group Holdings Limited has entered into a subscription agreement with a Singapore-based investment and trust management company to issue 39,456,175 new shares at HK$0.341 each. This issuance represents 10% of the current share capital and aims to raise approximately HK$13.4 million for general working capital, potentially impacting the company’s financial flexibility and market positioning.

The most recent analyst rating on (HK:1239) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Teamway International Group Holdings Limited stock, see the HK:1239 Stock Forecast page.

Teamway International Announces Board Composition and Roles

Teamway International Group Holdings Limited, a company incorporated in the Cayman Islands, has announced the composition of its board of directors and their respective roles. The board includes executive, non-executive, and independent non-executive directors, with specific members serving on the audit, nomination, and remuneration committees. This announcement provides clarity on the governance structure of the company, which is crucial for stakeholders to understand the leadership and decision-making processes within the organization.

The most recent analyst rating on (HK:1239) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Teamway International Group Holdings Limited stock, see the HK:1239 Stock Forecast page.

Teamway International Appoints New Independent Director to Strengthen Governance

Teamway International Group Holdings Limited has announced the appointment of Mr. Shiu Shu Ming as an independent non-executive director. Mr. Shiu has confirmed his independence according to the relevant rules and has no financial or other interests in the company or its subsidiaries. This appointment is part of the company’s ongoing efforts to maintain strong governance and independent oversight, which could enhance its credibility and trust among stakeholders.

The most recent analyst rating on (HK:1239) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Teamway International Group Holdings Limited stock, see the HK:1239 Stock Forecast page.

Teamway International Announces Board Changes

Teamway International Group Holdings Limited has announced a change in its board of directors, effective November 30, 2025. Dr. Tsang Hing Bun has resigned as an independent non-executive director to focus on other business commitments, while Mr. Shiu Shu Ming has been appointed to the same position. Mr. Shiu will also serve as the chairman of the Audit and Remuneration Committees and a member of the Nomination Committee. With extensive experience in corporate finance and involvement in the healthcare and wellness sectors, Mr. Shiu’s appointment is expected to bring valuable expertise to the company, potentially influencing its strategic direction and operations.

The most recent analyst rating on (HK:1239) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Teamway International Group Holdings Limited stock, see the HK:1239 Stock Forecast page.