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Wang On Properties Ltd.
(1243)
Wang On Properties Ltd. (1243) vs. iShares MSCI Hong Kong ETF (EWH)
Wang On Properties Ltd. Business Overview & Revenue Model
Wang On Properties Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 452.91M | 1.25B | 297.89M | 1.99B | 38.86M | 339.51M |
| Gross Profit | 72.08M | 139.23M | 59.77M | 316.25M | 15.54M | 169.59M |
| EBITDA | -1.96B | -781.64M | -540.08M | 42.79M | -62.37M | -13.63M |
| Net Income | -904.07M | -976.89M | -733.28M | 211.07M | 285.08M | 466.75M |
Balance Sheet | ||||||
| Total Assets | 9.01B | 7.27B | 9.89B | 9.75B | 10.61B | 10.20B |
| Cash, Cash Equivalents and Short-Term Investments | 635.38M | 393.95M | 766.31M | 889.95M | 976.27M | 1.05B |
| Total Debt | 3.97B | 3.47B | 4.72B | 4.21B | 4.58B | 4.91B |
| Total Liabilities | 4.47B | 3.85B | 5.44B | 4.46B | 5.42B | 5.17B |
| Stockholders Equity | 4.55B | 3.48B | 4.45B | 5.27B | 5.17B | 5.02B |
Cash Flow | ||||||
| Free Cash Flow | 248.91M | 918.14M | -724.49M | 329.63M | -3.04B | -1.40B |
| Operating Cash Flow | 167.44M | 918.24M | -724.14M | 347.81M | -3.03B | -1.40B |
| Investing Cash Flow | 453.24M | 328.45M | 410.14M | 327.05M | 3.42B | 331.56M |
| Financing Cash Flow | -421.82M | -1.62B | 428.50M | -897.30M | -377.90M | 1.04B |
Wang On Properties Ltd. Technical Analysis
Wang On Properties Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | HK$899.91M | 9.64 | 1.68% | ― | 5.63% | -11.50% | |
53 Neutral | $1.23B | 2.72 | -2.60% | 5.66% | -2.15% | -149.23% | |
52 Neutral | HK$562.40M | ― | -24.64% | 18.65% | 321.15% | -33.40% | |
48 Neutral | HK$907.92M | ― | -10.79% | ― | -27.84% | -298.63% | |
39 Underperform | HK$387.22M | ― | ― | -55.88% | -10.72% | ||
35 Underperform | HK$445.86M | ― | ― | -29.13% | 0.38% | ||
20 Underperform | HK$565.09M | ― | -25.88% | ― | 24.01% | -103.87% |
Wang On Properties Ltd. Corporate Events
Wang On Properties Ltd. and Wang On Group Ltd. have announced the formation of a joint venture with ADPF Oregon for the acquisition of a property. The joint venture will be capitalized at approximately HK$291.04 million, with Prime Resonance, a subsidiary of Wang On Properties, holding a 15% stake and ADPF Oregon holding 85%. This transaction is classified as a discloseable transaction under the Hong Kong Stock Exchange’s listing rules, requiring reporting and announcement but not shareholder approval.
Wang On Properties Ltd. has announced its upcoming Annual General Meeting (AGM) scheduled for August 19, 2025, where key business matters will be addressed. These include the adoption of financial statements, re-election of directors, and re-appointment of auditors. Additionally, a resolution will be considered to authorize the company to repurchase up to 10% of its shares, which could impact its market positioning and shareholder value.
Wang On Properties Ltd. announced a delay in the dispatch of a circular related to a business collaboration involving joint ventures and the disposal of interests in joint venture companies. The delay is due to the need for additional time to prepare and finalize financial information, with a new dispatch date set for on or before 25 July 2025.
Wang On Properties Limited announced that for the three months ending June 30, 2025, it achieved unaudited contracted sales of approximately HK$697 million, covering a saleable area of about 25,580 square feet. These figures are preliminary and may differ from future audited results, and stakeholders are advised to exercise caution when considering this information.
Wang On Properties Ltd. reported a significant increase in contracted sales and revenue for the year ended March 31, 2025, with sales nearly doubling and revenue more than tripling compared to the previous year. Despite these gains, the company experienced a 33% increase in losses attributable to owners, driven by substantial write-downs of properties and losses from joint ventures, resulting in a reduced net asset value.
Wang On Properties Limited has outlined the terms of reference for its Audit Committee, emphasizing its role in providing independent oversight of financial reporting and ensuring effective risk management and internal control systems. The committee is composed of non-executive directors, with a majority being independent, and is authorized to investigate activities within its remit and seek necessary information from employees. This move is likely to enhance corporate governance and transparency, benefiting stakeholders by ensuring robust financial oversight.
Wang On Properties Ltd. has announced that its board of directors will meet on June 30, 2025, to discuss and approve the company’s final financial results for the fiscal year ending March 31, 2025. The meeting will also consider the declaration of a final dividend, which could impact the company’s financial strategy and shareholder returns.
Wang On Properties Ltd. has announced a major transaction involving the disposal of a 20% interest in two joint venture companies, Fortune Harbour and Mega Hope, for a total consideration of HK$87.24 million. This move will reduce the company’s stake in these ventures to 15%. Additionally, Wang On Properties is forming new joint ventures to explore further business collaborations, indicating a strategic shift to enhance its market position and explore new opportunities.