Kingkey Financial International (Holdings) Ltd. (1468) AI Stock Analysis

• Market Cap: HK$215.36M
• Dividend Yield: N/A
• Average Volume (3M): 7.53M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.31
• Revenue Growth: -19.10%
• EPS Growth: 83.61%
• Country: HK
• Employees: 65
• Sector: Industrials
• Sector Strength: 72
• Industry: Insurance - Brokers
• EPS (TTM): -0.01
• Shares Outstanding: 1,736,795,700
• 10 Day Avg. Volume: 4,508,900
• 30 Day Avg. Volume: 7,532,820
• PEG Ratio: 0.02
• Price to Book (P/B): 0.22
• Price to Sales (P/S): 0.86
• P/FCF Ratio: -0.45
• 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: 45 Neutral
• Price Target: HK$0.12 ▼(-2.50% Downside)

The overall stock score of 45 reflects significant financial challenges, including negative profitability and cash flow issues, despite strong revenue growth. Technical indicators suggest a bearish trend, and valuation metrics are poor with a negative P/E ratio. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Diversified Revenue Streams

A multi-pronged business model across brokerage, investment banking, asset management and proprietary trading provides structural revenue diversification. This reduces reliance on any single market segment and supports more stable fee income over a 2–6 month horizon and beyond.

Conservative Leverage

Very low leverage gives the company financial flexibility to absorb losses, invest in growth or withstand market stress without adding debt. This capital conservatism supports durable solvency and optionality for strategic initiatives over the medium term.

Reported Revenue Growth

Sustained top-line growth indicates demand for the firm's services and capacity to scale client-facing operations. If maintained, higher revenue can enable operating leverage and fund investments to improve margins and competitive positioning over several quarters.

Negative Factors

Negative Profitability Margins

Large and persistent negative margins imply the core business is not yet profitable and erodes capital. Without structural cost reduction or pricing power gains, the company risks continuing cash burns that undermine long-term viability and investor returns.

Negative Operating Cash Flow

Negative operating cash flow signals the company's core operations fail to generate cash, undermining sustainability. Reliance on non-operating sources or one-off cash items to fund operations raises refinancing and liquidity risk over the medium term.

Negative Return on Equity

A negative ROE shows the firm is destroying shareholder capital rather than creating it. Persisting at this level makes raising equity or retaining capital difficult and constrains reinvestment, limiting long-term growth and competitiveness.

Kingkey Financial International (Holdings) Ltd. Business Overview & Revenue Model

Company Description

Kingkey Financial International (Holdings) Limited, an investment holding company, engages in the insurance brokerage business in China, Hong Kong, and Denmark. It operates through Securities, Insurance Brokerage, Fur, Assets Management, and Money Lending segments. The Securities segment offers securities brokerage, margin financing, underwriting, sub-underwriting, placing, sub-placing, and consultancy services. The Insurance Brokerage segment provides insurance brokerage and wealth management services. The Fur segment offers fur skin brokerage and financing services, as well as sells pelted skin. The Assets Management segment engages in the provision and arrangement of fund management and asset management services. The Money Lending segment provides money lending services. The company was formerly known as UKF (Holdings) Limited and changed its name to Kingkey Financial International (Holdings) Limited in November 2019. The company was incorporated in 2015 and is headquartered in Kowloon, Hong Kong.

How the Company Makes Money

Kingkey Financial generates revenue through multiple streams, including brokerage fees from trading activities, advisory fees from investment banking services, and management fees from asset management operations. The company earns commissions on securities transactions, which contribute significantly to its bottom line. Additionally, it may engage in proprietary trading, which can enhance earnings through market activities. Strategic partnerships with financial institutions and collaborations with other market players further bolster its revenue through shared projects and client referrals.

Kingkey Financial International (Holdings) Ltd. Financial Statement Overview

Summary

Kingkey Financial International (Holdings) Ltd. shows strong revenue growth but faces significant challenges with profitability and cash flow. The balance sheet is stable with low leverage, but negative return on equity and operational inefficiencies are concerning.

Income Statement

The company has shown a significant revenue growth rate of 21.44% in the latest year, which is a positive sign. However, the profitability metrics are concerning, with a negative net profit margin of -51.23% and negative EBIT and EBITDA margins, indicating operational inefficiencies and high costs relative to revenue.

Balance Sheet

The debt-to-equity ratio is relatively low at 0.086, suggesting a conservative use of leverage. However, the return on equity is negative at -13.18%, indicating that the company is not generating sufficient returns on shareholders' equity. The equity ratio is not explicitly provided, but the low leverage suggests a stable capital structure.

Cash Flow

The company has experienced a substantial increase in free cash flow growth, but the operating cash flow is negative, leading to a negative operating cash flow to net income ratio. The free cash flow to net income ratio is slightly above 1, indicating that free cash flow is covering net income, albeit with challenges in operational cash generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	228.26M	228.26M	330.42M	331.31M	127.04M	148.64M
Gross Profit	73.58M	73.58M	58.40M	122.69M	85.99M	95.91M
EBITDA	-100.98M	-100.98M	-4.24M	-1.10B	-46.11M	16.78M
Net Income	-116.94M	-116.94M	-551.25M	-1.16B	-73.13M	-8.44M
Balance Sheet
Total Assets	1.19B	1.19B	866.60M	1.78B	1.32B	915.58M
Cash, Cash Equivalents and Short-Term Investments	151.10M	151.10M	118.58M	111.05M	174.04M	48.09M
Total Debt	76.20M	76.20M	159.57M	203.81M	251.01M	235.37M
Total Liabilities	305.42M	305.42M	461.59M	1.41B	525.97M	489.75M
Stockholders Equity	887.37M	887.37M	406.10M	240.54M	790.29M	425.83M
Cash Flow
Free Cash Flow	-435.17M	-435.17M	49.03M	155.78M	-212.76M	-52.00M
Operating Cash Flow	-432.62M	-432.62M	70.56M	186.09M	-211.75M	-46.44M
Investing Cash Flow	-19.15M	-19.15M	-18.46M	-119.31M	-144.08M	-30.66M
Financing Cash Flow	483.58M	483.58M	-44.45M	-79.57M	434.79M	79.42M

Kingkey Financial International (Holdings) Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.12
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1468, the sentiment is Negative. The current price of 0.12 is below the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.14, and below the 200-day MA of 0.20, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 35.80 is Neutral, neither overbought nor oversold. The STOCH value of 31.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1468.

Kingkey Financial International (Holdings) Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
8162	60 Neutral	HK$477.74M	9.45	42.14%	―	-11.49%	85.40%
8227	51 Neutral	HK$406.09M	―	―	―	―	―
0132	47 Neutral	HK$342.47M	133.33	-4.32%	2.45%	-1.50%	-96.83%
1468	45 Neutral	HK$215.36M	-1.01	-18.50%	―	-19.10%	83.61%
0202	42 Neutral	HK$889.91M	244.00	0.60%	―	―	―
1282	41 Neutral	HK$505.00M	-1.39	-4.03%	―	55.27%	68.84%

Kingkey Financial International (Holdings) Ltd. Corporate Events

Jakota Capital Extends Deadline for Completion of Jakota Capital AG Acquisition

Jakota Capital (Holding) Group has announced a further extension of the long stop date for completing its planned acquisition of Jakota Capital AG, which involves the issuance of consideration shares under its general mandate. The deadline for satisfying or waiving the conditions precedent has been pushed back from 31 December 2025 to 28 February 2026, with all other terms of the acquisition agreement remaining unchanged, and the company cautioned investors that there is still no assurance the deal will ultimately proceed, underscoring ongoing execution risk around this strategic transaction.

The most recent analyst rating on (HK:1468) stock is a Hold with a HK$0.14 price target. To see the full list of analyst forecasts on Kingkey Financial International (Holdings) Ltd. stock, see the HK:1468 Stock Forecast page.

Jakota Capital Reports Strong Interim Results Amid Strategic Realignment

Jakota Capital (Holding) Group reported significant growth in its securities business revenue, reaching approximately HK$15.7 million, driven by improved trading sentiment and activity. The company has divested its fur business due to financial losses, allowing it to focus on more promising areas, resulting in a consolidated gross profit margin of approximately 74.0% for the interim period. Looking ahead, the company remains cautiously optimistic about growth opportunities in Hong Kong’s financial services sector, driven by digitalization and policy innovation.

The most recent analyst rating on (HK:1468) stock is a Hold with a HK$0.14 price target. To see the full list of analyst forecasts on Kingkey Financial International (Holdings) Ltd. stock, see the HK:1468 Stock Forecast page.

Jakota Capital Issues Profit Warning Amid Increased Loan Impairments

Jakota Capital (Holding) Group has issued a profit warning, indicating an expected unaudited consolidated net loss of approximately HK$41.0 million for the six months ending September 30, 2025. This contrasts with a net profit of HK$2.4 million during the same period in 2024. The anticipated loss is primarily due to a significant increase in the provision for the impairment of loan receivables, amounting to HK$35.8 million. The company emphasizes that this is a non-cash accounting adjustment and does not involve actual cash outflow. The final results are yet to be confirmed and may differ from these preliminary figures.

The most recent analyst rating on (HK:1468) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Kingkey Financial International (Holdings) Ltd. stock, see the HK:1468 Stock Forecast page.

Jakota Capital Revises Acquisition Terms for Jakota Capital AG

Jakota Capital (Holding) Group has entered into a supplemental agreement to revise the terms of its acquisition of Jakota Capital AG. The company will now acquire a 51% equity interest instead of the initially planned 80%, with the consideration reduced from HK$103,000,000 to HK$50,714,000. This adjustment follows extensive negotiations and a risk assessment, allowing the company to secure a larger discount from the vendor. The revised agreement also includes changes to the number of shares issued and the removal of certain performance-related clauses, potentially impacting the company’s financial strategy and stakeholder interests.

The most recent analyst rating on (HK:1468) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Kingkey Financial International (Holdings) Ltd. stock, see the HK:1468 Stock Forecast page.

Jakota Capital Announces Upcoming Board Meeting for Financial Review

Jakota Capital (Holding) Group, formerly known as Kingkey Financial International (Holdings) Limited, has announced a board meeting scheduled for November 28, 2025. The meeting will focus on approving the unaudited interim results for the six months ending September 30, 2025, and discussing the potential declaration of an interim dividend. This announcement indicates a routine financial review and potential dividend consideration, which could impact shareholder returns and reflect the company’s financial health.

The most recent analyst rating on (HK:1468) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Kingkey Financial International (Holdings) Ltd. stock, see the HK:1468 Stock Forecast page.

Jakota Capital Announces Disposal of Trade Region Limited

Jakota Capital (Holding) Group announced the disposal of the entire issued share capital of Trade Region Limited, which includes writing off an inter-company loan of approximately HK$308.8 million. This decision was influenced by the ongoing financial struggles of the Target Group, exacerbated by the Danish government’s ban on the fur trade. The company anticipates recognizing a disposal gain and considers the write-off and disposal terms fair and in its best interest.

The most recent analyst rating on (HK:1468) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Kingkey Financial International (Holdings) Ltd. stock, see the HK:1468 Stock Forecast page.

Jakota Capital Rebrands with New Name and Logo

Jakota Capital (Holding) Group has announced a series of changes including a name change from Kingkey Financial International (Holdings) Limited, adoption of a new logo, and updates to its Memorandum and Articles of Association. These changes, effective from September 2025, are aimed at rebranding and positioning the company more prominently in the financial market. The changes will not affect shareholder rights or the company’s financial operations, and the stock code remains unchanged.

The most recent analyst rating on (HK:1468) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Kingkey Financial International (Holdings) Ltd. stock, see the HK:1468 Stock Forecast page.