Wecon Holdings Ltd. (HK:1793)
:1793
Want to see HK:1793 full AI Analyst Report?
Top Page
Wecon Holdings Ltd.
(1793)
Select Model
Select Model
Rating:55Neutral
Price Target:
HK$0.30
▲(37.27% Upside)
Action:Reiterated
Date: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 / strong balance sheet
The company's extremely low debt-to-equity (~0.02–0.03) and conservative balance sheet provide durable financial flexibility in a cyclical construction sector. This backing reduces refinancing risk, supports bidding on public tenders, and cushions timing shortfalls in receivables.
Negative Factors
Declining revenue
A meaningful revenue drop (-15.1% in the latest year) signals erosion in contract wins or lower project volumes. Over several quarters this weakens scale economics, reduces margin levers, and constrains reinvestment into business development and capabilities.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
The company's extremely low debt-to-equity (~0.02–0.03) and conservative balance sheet provide durable financial flexibility in a cyclical construction sector. This backing reduces refinancing risk, supports bidding on public tenders, and cushions timing shortfalls in receivables.
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)0.08
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...
How the Company Makes Money
Wecon Holdings Ltd. generates revenue primarily from its construction and engineering contracts. The company bids on and secures projects funded by government agencies and institutions, with payments structured according to project milestones or c...
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
Negative
0.22
Price Trends
0.28
Negative
0.28
Negative
0.24
Positive
Market Momentum
>-0.01
Negative
47.02
Neutral
83.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1793, the sentiment is Negative. The current price of 0.22 is below the 20-day moving average (MA) of 0.28, below the 50-day MA of 0.28, and below the 200-day MA of 0.24, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.02 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$427.50M | 1.85 | 15.79% | 5.71% | -8.56% | 4.84% | |
64 Neutral | HK$205.00M | 3.05 | 5.52% | 9.71% | 41.31% | -27.00% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$1.26B | 1,251.38 | -0.11% | ― | -2.02% | -101.97% | |
55 Neutral | HK$216.00M | 6.09 | 3.15% | 5.63% | -9.62% | -2.68% | |
48 Neutral | HK$216.00M | 5.92 | 4.36% | 15.38% | 0.39% | -42.36% | |
45 Neutral | HK$101.35M | -1.28 | -47.12% | ― | -70.99% | -2960.61% |
* Industrials Sector Average
HK:1793
Wecon Holdings Ltd.
0.27
0.12
78.81%
HK:1413
Kwong Luen Engineering Holdings Limited
0.21
-0.15
-41.48%
HK:1447
SFK Construction Holdings Ltd.
0.54
0.00
0.00%
HK:1556
Chinney Kin Wing Holdings Limited
0.29
>-0.01
-1.72%
HK:1582
CR Construction Group Holdings Limited
0.41
<0.01
1.99%
HK:1903
JBB Builders International Ltd.
2.53
1.42
127.93%
Wecon Holdings Ltd. Corporate Events
Wecon Holdings delays scheme document for planned privatisation by Triple Arch
Apr 8, 2026
Wecon Holdings Limited and its offeror, Triple Arch Limited, have announced a delay in sending out the scheme document related to the proposed privatisation of Wecon by way of a scheme of arrangement under Cayman Islands law. The dispatch deadline...
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.