Time Watch Investments Ltd. (HK:2033)
:2033
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Time Watch Investments Ltd.
(2033)
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Rating:47Neutral
Price Target:
HK$0.32
▼(-5.88% Downside)
Action:ReiteratedDate:04/02/26
The score is held back primarily by deteriorating operating performance (shrinking revenue and a swing to losses) and weak technical momentum (negative MACD with depressed RSI/Stoch). These risks are partially offset by a conservative balance sheet with minimal leverage and a modest dividend yield.
Positive Factors
Conservative balance sheet
A very low debt load and large equity base give the company durable financial flexibility. Minimal leverage reduces solvency risk during cyclical downturns, enabling continued capex, inventory funding and support for retail operations without needing urgent external financing.
Negative Factors
Shrinking revenue
A multi-year revenue decline signals structural demand or competitive issues that erode scale. Falling sales reduce ability to leverage fixed costs, harm bargaining power with suppliers and distributors, and make margin recovery and investment plans harder to execute sustainably.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
A very low debt load and large equity base give the company durable financial flexibility. Minimal leverage reduces solvency risk during cyclical downturns, enabling continued capex, inventory funding and support for retail operations without needing urgent external financing.
Read all positive factors
Time Watch Investments Ltd. (2033) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$668.87M
Dividend Yield2.09%
Average Volume (3M)52.53K
Price to Earnings (P/E)―
Beta (1Y)0.17
Revenue Growth-21.75%
EPS Growth-152.15%
CountryHK
Employees2,800
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)-0.02
Shares Outstanding2,058,068,000
10 Day Avg. Volume35,200
30 Day Avg. Volume52,533
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)0.30
Price to Sales (P/S)0.97
P/FCF Ratio9.33
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
Time Watch Investments Ltd. Business Overview & Revenue Model
Company Description
Time Watch Investments Limited, an investment holding company, operates as a manufacturer, brand-owner, and retailer of watches in the People's Republic of China. The company operates through four segments: Tian Wang Watch Business, Balco Watch Bu...
How the Company Makes Money
Time Watch Investments Ltd. generates revenue primarily through the sale of its watches, divided into self-owned branded watch businesses and the ODM segment. Its self-owned brands, targeted at various demographics, contribute significantly throug...
Time Watch Investments Ltd. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
78
Positive
Cash Flow
56
Neutral
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 689.43M | 881.04M | 981.76M | 1.41B | 1.92B |
| Gross Profit | 494.15M | 641.15M | 721.00M | 1.02B | 1.45B |
| EBITDA | -35.88M | 97.51M | 108.82M | 114.18M | 457.01M |
| Net Income | -17.54M | 33.64M | 37.07M | 33.02M | 259.10M |
Balance Sheet | |||||
| Total Assets | 2.47B | 2.54B | 2.62B | 2.94B | 3.08B |
| Cash, Cash Equivalents and Short-Term Investments | 1.18B | 1.15B | 1.16B | 970.41M | 1.05B |
| Total Debt | 38.91M | 27.46M | 31.49M | 41.17M | 63.97M |
| Total Liabilities | 209.33M | 224.71M | 232.00M | 325.75M | 444.00M |
| Stockholders Equity | 2.26B | 2.31B | 2.39B | 2.58B | 2.60B |
Cash Flow | |||||
| Free Cash Flow | 71.70M | 140.54M | 33.79M | 85.53M | 284.99M |
| Operating Cash Flow | 102.27M | 178.78M | 107.61M | 175.50M | 427.74M |
| Investing Cash Flow | -75.09M | 82.16M | -21.08M | 481.84M | -869.11M |
| Financing Cash Flow | -24.88M | -89.55M | -122.08M | -60.71M | -27.69M |
Time Watch Investments Ltd. Technical Analysis
Neutral
0.34
Price Trends
0.32
Negative
0.33
Negative
0.33
Negative
Market Momentum
>-0.01
Negative
54.76
Neutral
71.76
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2033, the sentiment is Neutral. The current price of 0.34 is above the 20-day moving average (MA) of 0.31, above the 50-day MA of 0.32, and above the 200-day MA of 0.33, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 54.76 is Neutral, neither overbought nor oversold. The STOCH value of 71.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2033.
Time Watch Investments Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$469.92M | 1.91 | 27.89% | 5.45% | 31.25% | 147.52% | |
71 Outperform | HK$801.33M | 7.06 | 16.16% | 4.60% | ― | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | HK$471.72M | 8.99 | -10.55% | 11.54% | -1.38% | -275.02% | |
50 Neutral | HK$630.87M | 4.60 | 9.96% | 6.35% | 23.17% | -7.30% | |
47 Neutral | HK$668.87M | -4.61 | -1.94% | 2.09% | -21.75% | -152.15% | |
46 Neutral | HK$730.65M | -116.09 | -1.89% | 1.01% | -33.72% | -550.00% |
* Consumer Cyclical Sector Average
HK:2033
Time Watch Investments Ltd.
0.33
0.03
8.33%
HK:0210
Daphne International Holdings
0.41
0.12
41.61%
HK:1100
Mainland Headwear Holdings
1.47
0.09
6.52%
HK:1023
Sitoy Group Holdings Limited
0.49
0.09
22.19%
HK:2683
Wah Sun Handbags International Holdings Ltd.
1.15
0.79
219.44%
HK:0676
Pegasus International Holdings Limited
1.00
0.11
12.36%
Time Watch Investments Ltd. Corporate Events
Time Watch Raises Annual Cap on Connected Supply Deal With ILG
Mar 31, 2026
Time Watch Investments Limited has revised the annual cap for its continuing connected transactions under a master supply agreement with the ILG Group, reflecting stronger demand for watch movements and OEM-manufactured watches. The company expect...
Time Watch Investments’ Interim Loss Widens as Revenue Declines
Feb 26, 2026
Time Watch Investments reported a sharp deterioration in interim results for the six months ended 31 December 2025, with revenue falling to HK$280.5 million from HK$343.0 million a year earlier and gross profit also declining. The group’s lo...
Time Watch flags wider interim loss amid weak China retail sentiment
Feb 13, 2026
Time Watch Investments has warned shareholders it expects to post a loss of about HK$37 million for the six months ended 31 December 2025, widening from a HK$10.9 million loss a year earlier, as weak consumer sentiment in China’s retail mark...
Time Watch sets February board meeting to approve interim results and consider dividend
Feb 9, 2026
Time Watch Investments Limited has scheduled a board meeting for 26 February 2026 to review and approve the interim results of the Company and its subsidiaries for the six months ended 31 December 2025. The board will also consider the publication...
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.