OKG Technology Holdings Limited (1499) AI Stock Analysis

• Market Cap: HK$3.17B
• Dividend Yield: N/A
• Average Volume (3M): 29.73M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.67
• Revenue Growth: 25.70%
• EPS Growth: 61.33%
• Country: HK
• Employees: 120
• Sector: Industrials
• Sector Strength: 76
• Industry: Engineering & Construction
• EPS (TTM): >-0.01
• Shares Outstanding: 5,370,510,000
• 10 Day Avg. Volume: 26,883,930
• 30 Day Avg. Volume: 29,731,462
• PEG Ratio: 0.84
• Price to Book (P/B): 5.43
• Price to Sales (P/S): 1.91
• P/FCF Ratio: 8.53
• 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: HK$0.50
• Price Target Upside: -15.25% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 53 Neutral
• Price Target: HK$0.50 ▼(-15.25% Downside)

The stock's score is primarily driven by technical analysis, showing positive momentum. However, financial performance and valuation concerns, particularly negative profitability and high leverage, weigh down the overall score.

OKG Technology Holdings Limited Business Overview & Revenue Model

Company Description

OKG Technology Holdings Limited, an investment holding company, provides foundation works and ancillary services in Hong Kong and the People's Republic of China. The company operates through Foundation, Building Construction Works and Ancillary Services; Construction Wastes Handling Services; Digital Assets Related Businesses; Technical Services; and Other Business segments. It provides site formation, excavation and lateral support, piling construction, pile caps or footing construction, and reinforced concrete structure works; and building construction works and ancillary services, such as hoarding and demolition works, as well as leases machinery. The company also operates and manages public fill reception facilities, including public fill banks and temporary construction waste sorting facilities for construction and demolition materials; invests in securities; and lends money. In addition, it develops and manages USDK smart contract, as well as offers technology development and I.T. infrastructure services; project management; trading in digital assets; trust and custody services; and internet content and valued-added telecommunications services. The company was formerly known as LEAP Holdings Group Limited and changed its name to OKG Technology Holdings Limited in February 2020. The company was founded in 2001 and is headquartered in Causeway Bay, Hong Kong. OKG Technology Holdings Limited is a subsidiary of OKC Holdings Corporation.

How the Company Makes Money

OKG Technology Holdings Limited generates revenue through multiple streams, including software licensing fees, service contracts for IT consulting and system integration projects, and recurring maintenance and support services. The company also engages in strategic partnerships with other tech firms to expand its service offerings and access new markets, which further enhances its revenue potential. Additionally, OKG may receive income from government contracts related to smart city initiatives, leveraging its expertise in technology solutions to fulfill public sector needs. Overall, the combination of project-based revenue from clients and ongoing service agreements contributes significantly to the company's financial performance.

OKG Technology Holdings Limited Financial Statement Overview

Summary

The company shows modest revenue growth but faces significant profitability challenges with negative net profit and EBIT margins. High leverage remains a risk, though there is some improvement in cash flow generation.

Income Statement

The company shows a slight revenue growth of 3.57% in the latest year, indicating some recovery. However, profitability remains a concern with negative net profit and EBIT margins, suggesting ongoing operational challenges. The gross profit margin is relatively stable but not enough to offset the negative net income.

Balance Sheet

The debt-to-equity ratio has improved from the previous year but remains high at 2.66, indicating significant leverage. Return on equity is negative, reflecting the company's inability to generate profits from shareholders' equity. The equity ratio is not explicitly provided but seems low given the high leverage.

Cash Flow

The company has shown improvement in free cash flow, with a growth rate of 13.21%. Operating cash flow has also increased significantly, improving the operating cash flow to net income ratio. However, the free cash flow to net income ratio indicates that cash flow generation is still not sufficient to cover net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	409.41M	424.03M	337.33M	356.43M	385.61M	452.96M
Gross Profit	74.23M	89.03M	66.21M	155.22M	84.28M	41.86M
EBITDA	-36.12M	-7.56M	-34.18M	73.97M	-34.07M	-47.26M
Net Income	-34.51M	-15.75M	-40.30M	43.49M	-58.06M	-93.86M
Balance Sheet
Total Assets	685.13M	680.35M	1.33B	1.11B	997.33M	605.14M
Cash, Cash Equivalents and Short-Term Investments	162.71M	140.56M	81.29M	105.26M	156.41M	265.30M
Total Debt	395.53M	396.97M	982.66M	555.41M	596.75M	150.82M
Total Liabilities	521.16M	530.73M	1.17B	896.60M	830.71M	385.57M
Stockholders Equity	162.21M	149.22M	165.69M	205.55M	162.07M	219.57M
Cash Flow
Free Cash Flow	83.97M	95.06M	-12.00K	-93.56M	-68.83M	-1.23M
Operating Cash Flow	83.97M	102.68M	1.43M	-88.95M	-68.70M	3.74M
Investing Cash Flow	-3.78M	-10.41M	-11.79M	-4.59M	7.86M	7.64M
Financing Cash Flow	-22.46M	-38.38M	-18.20M	48.30M	-47.86M	-15.50M

OKG Technology Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.59
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1499, the sentiment is Positive. The current price of 0.59 is above the 20-day moving average (MA) of 0.49, above the 50-day MA of 0.40, and above the 200-day MA of 0.23, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 64.09 is Neutral, neither overbought nor oversold. The STOCH value of 62.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1499.

OKG Technology Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1627	79 Outperform	HK$1.42B	6.21	13.63%	7.04%	44.58%	11.62%
0240	66 Neutral	HK$1.50B	3.46	17.23%	8.33%	14.88%	-8.34%
2236	59 Neutral	HK$1.57B	10.21	5.53%	―	44.19%	―
Sector *	58 Neutral	HK$14.00B	5.72	-2.78%	5.72%	2.33%	-57.85%
1499	53 Neutral	HK$3.17B	―	-10.00%	―	25.70%	61.33%
1726	53 Neutral	HK$1.70B	―	-62.57%	―	37.20%	5.04%
1683	43 Neutral	HK$1.31B	106.67	-9.39%	―	-35.62%	-481.82%

OKG Technology Holdings Limited Corporate Events

OKG Technology Holdings Announces 2025 AGM Details

OKG Technology Holdings Limited has announced the details of its upcoming annual general meeting, which will be held on September 5, 2025, in Hong Kong. The meeting will cover several key resolutions, including the adoption of the company’s audited financial statements, reappointment of Deloitte Touche Tohmatsu as auditors, and the re-election of several directors. Additionally, the board seeks approval to allot and issue additional shares, which could impact the company’s capital structure and shareholder value.

OKG Technology Proposes Amendments to Enhance Virtual Shareholder Participation

OKG Technology Holdings Limited has announced a proposal to amend its existing memorandum and articles of association. The proposed amendments aim to allow shareholders to virtually attend, participate, and vote in general meetings through specified conferencing applications and communication facilities. These changes are subject to shareholder approval at the upcoming annual general meeting.

OKG Technology Holdings Limited Reports Revenue Growth Amid Reduced Losses

OKG Technology Holdings Limited reported a significant increase in revenue by 25.7% to approximately HK$424.0 million for the year ended 31 March 2025. Despite this growth, the company recorded a loss of approximately HK$15.8 million, which is an improvement from the previous year’s loss of HK$40.3 million. The basic loss per share also decreased, indicating a positive trend in the company’s financial performance. However, the board decided not to declare a final dividend for the year, reflecting a cautious approach towards financial management and future investments.

OKG Technology Holdings Reschedules Board Meeting for Audited Results

OKG Technology Holdings Limited announced an adjournment of its Board Meeting initially scheduled for June 26, 2025, due to the need for additional time for the company’s auditor to complete the audit of the annual results for the year ended March 31, 2025. The meeting is now rescheduled to June 30, 2025, where the Board will consider and approve the audited annual results. This delay may impact stakeholders’ expectations regarding the company’s financial reporting and dividend considerations.

OKG Technology Enhances Board Governance with New Nomination Committee Appointment

OKG Technology Holdings Limited has announced a change in the composition of its Nomination Committee, with Ms. Liang Jingyan, a non-executive director, being appointed as a member. This change aligns with upcoming amendments to the Listing Rules and the Corporate Governance Code, effective July 2025, and aims to enhance the board’s effectiveness, diversity, and overall corporate governance practices.

OKG Technology Holdings Announces Board Restructuring

OKG Technology Holdings Limited has announced changes to its board of directors, effective June 26, 2025. The company has appointed Mr. Ren Yunan as Chairman of the Board and Chief Executive Officer, along with other executive, non-executive, and independent non-executive directors. This restructuring of the board is expected to influence the company’s strategic direction and governance, potentially impacting its market positioning and stakeholder interests.

OKG Technology Forms Nomination Committee to Enhance Board Structure

OKG Technology Holdings Limited has established a Nomination Committee to oversee and recommend changes to the board’s structure, ensuring alignment with the company’s corporate strategy. The committee, composed mainly of independent non-executive directors, is tasked with reviewing the board’s composition, identifying suitable candidates for directorships, and advising on appointments and succession planning, thereby enhancing the company’s governance framework.

OKG Technology Reports Reduced Losses for 2025

OKG Technology Holdings Limited has announced a significant reduction in its financial losses for the year ended March 31, 2025, with losses expected to decrease to no more than HK$20.0 million from HK$40.3 million the previous year. This improvement is primarily due to an increase in gross profit from its core construction and ancillary services, although the final annual results are yet to be audited and may vary.

OKG Technology Holdings Schedules Board Meeting for Annual Results

OKG Technology Holdings Limited has announced a board meeting scheduled for June 26, 2025, to discuss and approve the annual results for the fiscal year ending March 31, 2025. The meeting will also consider the declaration of a final dividend, which could impact shareholder returns and reflect the company’s financial health.