Wang On Properties Ltd. (HK:1243)
:1243
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Wang On Properties Ltd.
(1243)
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Rating:51Neutral
Price Target:
HK$0.03
▼(-25.00% Downside)
Action:Reiterated
Date:11/26/25
The overall stock score is primarily influenced by financial performance challenges, including negative profitability margins and operational inefficiencies. Technical analysis provides a neutral outlook, while valuation concerns due to negative earnings further weigh down the score.
Positive Factors
Revenue Growth
Sustained double‑digit top‑line expansion reflects strong project sales execution and demand for developed assets. Over 2–6 months, continued revenue growth supports scale, improves fixed cost absorption and gives management latitude to address margin issues if execution remains consistent across the pipeline.
Negative Factors
Negative Profitability
Deep negative operating and net margins point to structural cost or project execution problems that erode shareholder value. Persistently negative margins reduce retained earnings, constrain reinvestment capacity and raise the risk that revenue growth will not translate into sustainable profits without material operational fixes.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained double‑digit top‑line expansion reflects strong project sales execution and demand for developed assets. Over 2–6 months, continued revenue growth supports scale, improves fixed cost absorption and gives management latitude to address margin issues if execution remains consistent across the pipeline.
Read all positive factors
Wang On Properties Ltd. (1243) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$501.60M
Dividend YieldN/A
Average Volume (3M)1.05M
Price to Earnings (P/E)―
Beta (1Y)0.53
Revenue Growth213.63%
EPS Growth-61.18%
CountryHK
Employees146
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.10
Shares Outstanding15,200,000,000
10 Day Avg. Volume960,400
30 Day Avg. Volume1,053,733
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.15
Price to Sales (P/S)0.41
P/FCF Ratio0.56
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
Wang On Properties Ltd. Business Overview & Revenue Model
Company Description
Wang On Properties Limited, an investment holding company, invests in, develops, and sells residential and commercial properties in Hong Kong. It operates through three segments: Property Development, Property Investment, and Asset Management. The...
How the Company Makes Money
The company primarily makes money through (1) property development for sale, recognizing revenue when completed units/projects are sold; this revenue stream is driven by development pipeline execution, sales volumes, and selling prices. It also ea...
Wang On Properties Ltd. Financial Statement Overview
Summary
Income Statement
40
Negative
Balance Sheet
55
Neutral
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.42B | 1.25B | 297.89M | 1.99B | 38.86M | 339.51M |
| Gross Profit | -10.36M | 139.23M | 59.77M | 316.25M | 15.54M | 169.59M |
| EBITDA | -609.76M | -781.64M | -540.08M | 42.79M | -62.37M | -13.63M |
| Net Income | -1.46B | -976.89M | -733.28M | 211.07M | 285.08M | 466.75M |
Balance Sheet | ||||||
| Total Assets | 6.54B | 7.27B | 9.89B | 9.75B | 10.61B | 10.20B |
| Cash, Cash Equivalents and Short-Term Investments | 422.62M | 393.95M | 766.31M | 889.95M | 976.27M | 1.05B |
| Total Debt | 3.14B | 3.47B | 4.72B | 4.21B | 4.58B | 4.91B |
| Total Liabilities | 3.59B | 3.85B | 5.44B | 4.46B | 5.42B | 5.17B |
| Stockholders Equity | 3.09B | 3.48B | 4.45B | 5.27B | 5.17B | 5.02B |
Cash Flow | ||||||
| Free Cash Flow | 678.70M | 918.14M | -724.49M | 329.63M | -3.04B | -1.40B |
| Operating Cash Flow | 679.33M | 918.24M | -724.14M | 347.81M | -3.03B | -1.40B |
| Investing Cash Flow | 47.81M | 328.45M | 410.14M | 327.05M | 3.42B | 331.56M |
| Financing Cash Flow | -863.56M | -1.62B | 428.50M | -897.30M | -377.90M | 1.04B |
Wang On Properties Ltd. Technical Analysis
Negative
0.04
Price Trends
0.03
Negative
0.03
Negative
0.04
Negative
Market Momentum
<0.01
Positive
47.19
Neutral
44.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1243, the sentiment is Negative. The current price of 0.04 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.04, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 47.19 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1243.
Wang On Properties Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
51 Neutral | HK$501.60M | -0.40 | -44.38% | ― | 213.63% | -61.18% | |
46 Neutral | HK$652.50M | -59.48 | -9.32% | ― | -35.76% | 81.82% | |
43 Neutral | HK$509.05M | -0.14 | -55.49% | ― | -38.93% | 59.60% | |
42 Neutral | HK$457.78M | -0.28 | -13.99% | ― | -62.05% | -47.92% | |
41 Neutral | HK$402.63M | -0.20 | -35.32% | ― | -2.03% | -59.52% | |
40 Underperform | HK$329.04M | -0.04 | ― | ― | 7.94% | -10.86% |
* Real Estate Sector Average
HK:1243
Wang On Properties Ltd.
0.03
0.00
0.00%
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Wang On Properties Ltd. Corporate Events
Wang On Properties Posts HK$2.84 Billion in Unaudited Contracted Sales for FY2026
Apr 8, 2026
Wang On Properties reported that for the year ended 31 March 2026, the group and its joint ventures achieved unaudited contracted sales of about HK$2,841 million, representing a total saleable area of roughly 106,647 square feet. For the quarter f...
Wang On Properties Updates Nomination Committee Mandate to Strengthen Governance
Mar 16, 2026
Wang On Properties Limited has amended and restated the terms of reference for its nomination committee, effective 16 March 2026, to align with Hong Kong Listing Rules, the Corporate Governance Code and applicable laws. The document confirms that ...
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.