Petro-king Oilfield Services Ltd. (HK:2178)
:2178
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Petro-king Oilfield Services Ltd.
(2178)
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Rating:58Neutral
Price Target:
HK$0.24
▲(370.00% Upside)
Action:ReiteratedDate:04/21/26
The score is driven mainly by improving financial performance in 2025 (return to profitability, better leverage, positive cash generation), supported by a very low P/E valuation. These positives are tempered by mixed/soft technical signals and the company’s uneven multi-year profitability and cash-flow consistency.
Positive Factors
Return to Profitability
Re-establishing profitability and double-digit revenue growth in 2025 demonstrates the business can generate sustainable operating profit after multi-year weakness. Sustained profits support reinvestment in services, strengthen stakeholder confidence, and underpin medium-term cash generation and improved returns on equity.
Negative Factors
Multi-year Earnings Volatility
Recurring loss years and an uneven revenue and margin trajectory point to pronounced cyclicality tied to upstream spending. This undermines earnings predictability, complicates capital allocation decisions, and increases the risk that a downturn in oilfield activity could quickly reverse recent improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Return to Profitability
Re-establishing profitability and double-digit revenue growth in 2025 demonstrates the business can generate sustainable operating profit after multi-year weakness. Sustained profits support reinvestment in services, strengthen stakeholder confidence, and underpin medium-term cash generation and improved returns on equity.
Read all positive factors
Petro-king Oilfield Services Ltd. (2178) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$400.59M
Dividend YieldN/A
Average Volume (3M)666.29K
Price to Earnings (P/E)3.8
Beta (1Y)-0.50
Revenue Growth-7.16%
EPS GrowthN/A
CountryHK
Employees195
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.02
Shares Outstanding1,726,674,700
10 Day Avg. Volume441,100
30 Day Avg. Volume666,290
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.44
Price to Sales (P/S)0.33
P/FCF Ratio2.78
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
Petro-king Oilfield Services Ltd. Business Overview & Revenue Model
Company Description
Petro-king Oilfield Services Limited, an investment holding company, provides oilfield technology services in the People's Republic of China, the Middle East, and internationally. It operates through Oilfield Project Tools and Services, Consultanc...
How the Company Makes Money
null...
Petro-king Oilfield Services Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 267.91M | 292.44M | 314.84M | 313.77M | 163.97M |
| Gross Profit | 66.06M | 225.17M | 38.76M | 24.72M | 5.89M |
| EBITDA | 26.88M | 31.16M | -20.09M | 17.70M | -36.66M |
| Net Income | 23.19M | -17.79M | -73.51M | -28.59M | -105.28M |
Balance Sheet | |||||
| Total Assets | 683.19M | 642.94M | 712.01M | 823.41M | 716.49M |
| Cash, Cash Equivalents and Short-Term Investments | 76.53M | 15.61M | 48.17M | 39.96M | 49.97M |
| Total Debt | 143.06M | 148.65M | 189.95M | 231.15M | 187.15M |
| Total Liabilities | 474.48M | 462.68M | 520.86M | 561.68M | 425.81M |
| Stockholders Equity | 201.58M | 172.82M | 186.83M | 256.05M | 286.01M |
Cash Flow | |||||
| Free Cash Flow | 31.71M | 11.51M | -29.58M | 19.11M | 119.80M |
| Operating Cash Flow | 35.25M | 19.21M | -28.71M | 22.88M | 125.43M |
| Investing Cash Flow | -3.23M | 15.51M | 43.60M | 27.22M | -29.07M |
| Financing Cash Flow | -5.24M | -42.74M | -29.49M | -28.51M | -98.86M |
Petro-king Oilfield Services Ltd. Technical Analysis
Positive
0.05
Price Trends
0.20
Positive
0.13
Positive
0.10
Positive
Market Momentum
<0.01
Positive
44.64
Neutral
3.20
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2178, the sentiment is Positive. The current price of 0.05 is below the 20-day moving average (MA) of 0.28, below the 50-day MA of 0.20, and below the 200-day MA of 0.10, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 44.64 is Neutral, neither overbought nor oversold. The STOCH value of 3.20 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2178.
Petro-king Oilfield Services Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$3.27B | 5.39 | 8.78% | 3.59% | 17.33% | 65.22% | |
67 Neutral | HK$383.60M | 2.38 | 29.99% | ― | -5.34% | 400.80% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
58 Neutral | HK$400.59M | 3.80 | 12.68% | ― | -7.16% | ― | |
48 Neutral | HK$390.18M | -0.87 | -11.00% | ― | 4.50% | -1232.04% | |
43 Neutral | HK$263.46M | -17.00 | -10.68% | ― | 58.74% | 56.30% | |
41 Neutral | HK$8.66B | 275.81 | 1.06% | ― | 50.13% | ― |
* Energy Sector Average
HK:2178
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Petro-king Oilfield Services Ltd. Corporate Events
Petro-king Calls 2026 AGM and Seeks Fresh Share Issuance Mandate
Apr 16, 2026
Petro-king Oilfield Services Limited has called its annual general meeting for 15 May 2026 in Hong Kong, where shareholders will review the audited consolidated financial statements for the year ended 31 December 2025 and receive reports from the ...
Petro-king Returns to Profit Despite Revenue Decline and Sharp Overseas Slowdown
Mar 25, 2026
Petro-king Oilfield Services Limited reported revenue of approximately HK$267.9 million for 2025, down 8.4% from 2024, but swung from a loss to a profit of HK$22.9 million, with basic earnings per share at HK1.3 cents and no final dividend declare...
Petro-king Shareholders Back Equipment Upgrade Deal With Jereh
Mar 12, 2026
Petro-king Oilfield Services Ltd. has secured shareholder approval to proceed with a transaction involving the acquisition of new oilfield equipment and the disposal of existing assets, formalised through a series of agreements with Yantai Jereh P...
Petro-king Schedules March Board Meeting to Approve 2025 Results and Consider Final Dividend
Mar 12, 2026
Petro-king Oilfield Services Ltd. has scheduled a board meeting for 25 March 2026 to review and approve the audited final results of the company and its subsidiaries for the financial year ended 31 December 2025. The board will also consider recom...
Petro-king Signals Return to Profit on Lower Depreciation and Subsidies
Mar 10, 2026
Petro-king Oilfield Services Limited has issued a positive profit alert, indicating it expects to swing to a profit of up to HK$25 million for the year ended 31 December 2025, compared with a loss of about HK$17.8 million a year earlier. The impro...
Petro-king Calls March EGM to Approve Key Oilfield Transaction Agreements
Feb 16, 2026
Petro-king Oilfield Services Limited has called an extraordinary general meeting in Hong Kong on 12 March 2026 to seek shareholder approval for a set of transaction agreements between its subsidiary Petro-king Oilfield Technology Limited and Yanta...
Petro-king Supports RMB63 Million Refinancing With Proportionate Guarantee
Feb 13, 2026
Petro-king Oilfield Services has arranged for its associated company Petro-king Energy to secure a new RMB63 million revolving bank loan from HRC Bank to refinance existing borrowings. An indirect wholly owned subsidiary, Petro-king Shenzhen, has ...
Petro-king Delays Circular on Major Equipment Acquisition and Disposal
Feb 13, 2026
Petro-king Oilfield Services Limited has announced a delay in sending to shareholders a circular related to a very substantial acquisition of new equipment and a very substantial disposal of existing equipment. The document, which will detail the ...
Petro-king Clarifies Ownership of Vendor in New Equipment Purchase
Feb 4, 2026
Petro-king Oilfield Services Limited has issued a supplemental announcement on its previously disclosed purchase of new equipment, clarifying the ownership structure of the vendor involved in the transaction. The vendor is wholly owned by Sany Pet...
Petro-king to Acquire New Oilfield Equipment in Discloseable HK$9 Million Deal
Jan 27, 2026
Petro-king Oilfield Services Limited, through its subsidiary Petro-king Technology, has agreed to purchase new oilfield-related equipment from an independent vendor for RMB8.05 million (approximately HK$9.05 million), funding the acquisition with ...
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.