Wecon Holdings Ltd. (HK:1793)
:1793
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Wecon Holdings Ltd.
(1793)
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Rating:55Neutral
Price Target:
HK$0.27
▲(23.64% Upside)
Action:ReiteratedDate:03/24/26
The score is driven primarily by mixed fundamentals: a very low-debt balance sheet is a key strength, but declining revenue, ultra-thin margins/volatile EBIT, and uneven cash generation constrain financial quality. Technical indicators point to weak near-term momentum, while the low P/E and solid dividend yield improve the valuation outlook.
Positive Factors
Very low leverage
Extremely low debt provides durable financial flexibility for a cyclical construction firm: it lowers default risk, enables competitive bidding on public tenders, and supports sustaining operations through project timing swings without immediate reliance on external financing or covenant constraints.
Negative Factors
Declining revenue
A material revenue decline erodes economies of scale and bargaining power with suppliers. For a contract-driven constructor, falling top-line signals weaker bidding success or project mix shifts, constraining long-term growth prospects and limiting scope for margin recovery without new markets or wins.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Extremely low debt provides durable financial flexibility for a cyclical construction firm: it lowers default risk, enables competitive bidding on public tenders, and supports sustaining operations through project timing swings without immediate reliance on external financing or covenant constraints.
Read all positive factors
Wecon Holdings Ltd. (1793) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$216.00M
Dividend Yield5.63%
Average Volume (3M)78.00K
Price to Earnings (P/E)6.1
Beta (1Y)0.03
Revenue Growth-9.62%
EPS Growth-2.68%
CountryHK
Employees167
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)<0.01
Shares Outstanding800,000,000
10 Day Avg. Volume44,800
30 Day Avg. Volume78,000
Financial Highlights & Ratios
PEG Ratio0.79
Price to Book (P/B)0.47
Price to Sales (P/S)0.12
P/FCF Ratio10.26
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
Wecon Holdings Ltd. Business Overview & Revenue Model
Company Description
Wecon Holdings Limited, an investment holding company, operates as a construction contractor in Hong Kong. It operates through two segments, Construction Contracts; and Repair, Maintenance, Alteration and Addition (RMAA) Works Services. The compan...
Wecon Holdings Ltd. Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
78
Positive
Cash Flow
41
Neutral
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.13B | 1.06B | 1.16B | 869.03M | 1.15B | 1.10B |
| Gross Profit | 43.67M | 37.52M | 45.10M | 39.02M | 53.65M | 55.40M |
| EBITDA | 13.36M | 15.84M | 14.47M | 14.53M | 17.72M | 28.55M |
| Net Income | 8.66M | 7.39M | 6.00M | 5.95M | 14.21M | 19.24M |
Balance Sheet | ||||||
| Total Assets | 652.22M | 537.33M | 594.19M | 454.72M | 532.23M | 498.32M |
| Cash, Cash Equivalents and Short-Term Investments | 201.11M | 106.28M | 96.48M | 77.96M | 104.08M | 143.20M |
| Total Debt | 9.97M | 4.60M | 9.29M | 6.72M | 7.89M | 4.66M |
| Total Liabilities | 379.22M | 261.13M | 315.86M | 172.88M | 246.54M | 217.31M |
| Stockholders Equity | 273.00M | 276.20M | 278.33M | 281.85M | 285.69M | 281.01M |
Cash Flow | ||||||
| Free Cash Flow | -559.00K | 12.68M | 21.59M | -1.72M | -33.74M | 34.31M |
| Operating Cash Flow | 11.87M | 14.17M | 21.69M | -690.00K | -30.52M | 38.49M |
| Investing Cash Flow | -15.85M | 20.93M | 7.58M | -13.45M | 6.57M | -30.18M |
| Financing Cash Flow | -13.98M | -16.27M | -15.09M | -15.35M | -13.29M | -23.34M |
Wecon Holdings Ltd. Technical Analysis
Positive
0.22
Price Trends
0.30
Negative
0.26
Positive
0.22
Positive
Market Momentum
-0.01
Positive
40.48
Neutral
77.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1793, the sentiment is Positive. The current price of 0.22 is below the 20-day moving average (MA) of 0.28, below the 50-day MA of 0.30, and below the 200-day MA of 0.22, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 40.48 is Neutral, neither overbought nor oversold. The STOCH value of 77.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1793.
Wecon Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
55 Neutral | HK$216.00M | 6.09 | 3.15% | 5.63% | -9.62% | -2.68% | |
53 Neutral | HK$869.40M | -97.78 | -1.01% | ― | -29.24% | -40.35% | |
43 Neutral | HK$400.61M | 507.61 | -45.47% | ― | 62.98% | 67.20% |
* Industrials Sector Average
HK:1793
Wecon Holdings Ltd.
0.27
0.12
78.81%
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0.30
0.04
18.00%
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Hands Form Holdings Limited
1.07
0.62
137.78%
HK:1953
Rimbaco Group Global Limited
0.69
0.62
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Lai Si Enterprise Holding Ltd.
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46.43%
HK:0589
Jianzhong Construction Development Limited
0.19
0.00
0.00%
Wecon Holdings Ltd. Corporate Events
Wecon Holdings Faces HK$0.28-Per-Share Privatisation and Delisting Plan
Mar 16, 2026
Wecon Holdings Limited is the target of a proposed privatisation led by Triple Arch Limited, a British Virgin Islands–incorporated offeror, which plans to acquire all scheme shares and subsequently withdraw Wecon’s listing from the Hon...
Wecon Halts Trading Ahead of Takeovers Code Announcement
Feb 27, 2026
Wecon Holdings Limited has requested a halt in trading of its shares on the Stock Exchange of Hong Kong, effective from 9:00 a.m. on 27 February 2026. The company cited the pending release of an announcement related to the Code on Takeovers and Me...
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.