Lap Kei Engineering (Holdings) Limited (HK:1690)
:1690
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Lap Kei Engineering (Holdings) Limited
(1690)
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Rating:76Outperform
Price Target:
HK$0.19
▲(165.71% Upside)
Action:UpgradedDate:04/21/26
The score is driven primarily by solid financial quality (especially a debt-free balance sheet and improved 2025 profitability) and attractive valuation (low P/E and high dividend yield). Technicals add support with a clear uptrend and moderate momentum, while revenue and cash-flow volatility remain the main offsetting risk.
Positive Factors
Debt-free balance sheet
Zero reported debt in 2025 gives the company structural financial resilience: low default risk, greater flexibility to fund projects, sustain dividends, or invest without external financing. This durability lowers refinancing risk across business cycles and supports steady operations.
Negative Factors
Volatile revenue and sharp decline
Large year-on-year top-line swings reflect project timing and contract exposure typical in engineering construction. Persistent revenue volatility undermines forecasting, reduces operating leverage benefits, and makes consistent margin and cash performance harder to sustain over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt in 2025 gives the company structural financial resilience: low default risk, greater flexibility to fund projects, sustain dividends, or invest without external financing. This durability lowers refinancing risk across business cycles and supports steady operations.
Read all positive factors
Lap Kei Engineering (Holdings) Limited (1690) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$248.58M
Dividend Yield13.51%
Average Volume (3M)2.76M
Price to Earnings (P/E)1.7
Beta (1Y)0.09
Revenue Growth-32.40%
EPS Growth671.43%
CountryHK
Employees113
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.01
Shares Outstanding1,445,230,000
10 Day Avg. Volume533,000
30 Day Avg. Volume2,760,666
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.71
Price to Sales (P/S)0.38
P/FCF Ratio4.33
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
Lap Kei Engineering (Holdings) Limited Business Overview & Revenue Model
Company Description
Lap Kei Engineering (Holdings) Limited is a Hong Kong-based investment holding company principally engaged in the engineering of building services systems and related businesses. The Company operates through two segments. Building Services Enginee...
How the Company Makes Money
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Lap Kei Engineering (Holdings) Limited Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
84
Very Positive
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 434.88M | 280.76M | 415.33M | 323.31M | 401.92M | 261.38M |
| Gross Profit | 23.53M | 36.44M | 23.06M | 26.59M | 25.72M | 27.21M |
| EBITDA | 3.29M | 16.97M | 5.28M | 11.61M | 10.83M | 9.69M |
| Net Income | 1.18M | 15.69M | 2.07M | 7.42M | 10.91M | 10.71M |
Balance Sheet | ||||||
| Total Assets | 290.37M | 271.33M | 359.08M | 296.94M | 294.84M | 218.17M |
| Cash, Cash Equivalents and Short-Term Investments | 62.33M | 74.16M | 58.72M | 45.76M | 17.47M | 46.88M |
| Total Debt | 0.00 | 0.00 | 624.00K | 0.00 | 10.00M | 0.00 |
| Total Liabilities | 155.37M | 121.46M | 208.91M | 144.48M | 148.69M | 83.51M |
| Stockholders Equity | 135.01M | 149.86M | 150.17M | 152.46M | 146.16M | 134.66M |
Cash Flow | ||||||
| Free Cash Flow | 17.02M | 24.52M | 13.02M | 36.43M | -39.04M | -26.48M |
| Operating Cash Flow | 22.73M | 28.76M | 18.73M | 39.21M | -36.47M | -22.08M |
| Investing Cash Flow | -1.51M | -2.64M | -1.32M | -388.00K | -2.57M | -1.21M |
| Financing Cash Flow | -39.18M | -15.96M | -4.44M | -10.54M | 9.63M | 11.89M |
Lap Kei Engineering (Holdings) Limited Technical Analysis
Positive
0.07
Price Trends
0.11
Positive
0.09
Positive
0.08
Positive
Market Momentum
0.02
Negative
68.43
Neutral
57.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1690, the sentiment is Positive. The current price of 0.07 is below the 20-day moving average (MA) of 0.15, below the 50-day MA of 0.11, and below the 200-day MA of 0.08, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 68.43 is Neutral, neither overbought nor oversold. The STOCH value of 57.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1690.
Lap Kei Engineering (Holdings) Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$248.58M | 1.74 | 11.27% | 13.51% | -32.40% | 671.43% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$109.35M | 4.63 | 1.45% | ― | -19.27% | -47.47% | |
50 Neutral | HK$146.77M | -3.28 | -9.59% | ― | -9.82% | -309.09% | |
45 Neutral | HK$162.36M | -1.14 | -47.12% | ― | -70.99% | -2960.61% | |
43 Neutral | HK$151.20M | -14.63 | -47.44% | ― | 5.86% | 75.88% |
* Industrials Sector Average
HK:1690
Lap Kei Engineering (Holdings) Limited
0.17
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Lap Kei Engineering (Holdings) Limited Corporate Events
Lap Kei Engineering Sets 2026 AGM to Approve Dividend, Director Re-elections and Share Issue Mandate
Apr 15, 2026
Lap Kei Engineering (Holdings) Limited has called its annual general meeting for 14 May 2026 in Hong Kong, where shareholders will review and adopt the audited financial statements for the year ended 31 December 2025, vote on director re-elections...
Lap Kei Engineering Moves to Modernise Articles for Electronic Governance
Apr 15, 2026
Lap Kei Engineering (Holdings) Limited plans to revise its articles of association to align with the latest legal and regulatory standards under Hong Kong listing rules, including recent changes effective from July 2025. The move underscores the c...
Lap Kei Engineering Declares Final Dividend for 2025 Financial Year
Mar 26, 2026
Lap Kei Engineering (Holdings) Limited has declared a final ordinary cash dividend of HKD 0.02 per share for the financial year ended 31 December 2025, subject to shareholder approval at a meeting scheduled for 14 May 2026. The shares will trade e...
Lap Kei Engineering Lifts Profit and Dividend Despite Revenue Drop in 2025
Mar 26, 2026
Lap Kei Engineering (Holdings) Limited reported revenue of HK$280.8 million for the year ended 31 December 2025, a 32.4% decline from 2024, but significantly improved profitability with gross profit rising 58.1% to HK$36.4 million and profit attri...
Lap Kei Engineering Flags Sharp Profit Jump on Lower Costs
Mar 20, 2026
Lap Kei Engineering (Holdings) Limited has issued a positive profit alert, indicating that it expects a substantial increase in net profit for the financial year ended 31 December 2025. The group forecasts net profit in the range of HK$13 million ...
Lap Kei Engineering Sets March Board Meeting to Approve 2025 Annual Results
Mar 16, 2026
Lap Kei Engineering (Holdings) Limited has scheduled a board meeting for 26 March 2026 to review and approve the annual results of the company and its subsidiaries for the financial year ended 31 December 2025. The board will also decide on the pu...
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.