Petro-king Oilfield Services Ltd. (HK:2178)
:2178
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Petro-king Oilfield Services Ltd.
(2178)
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Rating:52Neutral
Price Target:
HK$0.15
▲(194.00% Upside)
Action:Reiterated
Date:06/16/26
The score is held back mainly by weak technicals (price below major moving averages with negative momentum). Financial performance is improving with a 2025 earnings and cash-flow recovery and better leverage, but the multi-year volatility reduces confidence. Valuation appears reasonable on P/E, though lack of dividend data limits support.
Positive Factors
Return to Profitability
A return to positive net income and recovered revenue in 2025 signals an operational inflection that improves cash generation capacity and stakeholder confidence. Sustained profitability provides a base to rebuild reserves, invest in service capability, and absorb industry cyclicality over the medium term.
Negative Factors
Revenue and Cash Volatility
Multi-year volatility in revenue and cash flow reflects exposure to cyclic upstream spending and execution/working-capital timing. Such variability undermines forecasting, stresses liquidity in downturns, and makes capital allocation and long-term contracting riskier for management and creditors.
Read all positive and negative factors
Positive Factors
Negative Factors
Return to Profitability
A return to positive net income and recovered revenue in 2025 signals an operational inflection that improves cash generation capacity and stakeholder confidence. Sustained profitability provides a base to rebuild reserves, invest in service capability, and absorb industry cyclicality over the medium term.
Read all positive factors
Petro-king Oilfield Services Ltd. (2178) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$246.91M
Dividend YieldN/A
Average Volume (3M)666.29K
Price to Earnings (P/E)10.9
Beta (1Y)-0.27
Revenue Growth-7.16%
EPS GrowthN/A
CountryHK
Employees195
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.01
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)0.45
Price to Sales (P/S)0.33
P/FCF Ratio2.87
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 firm, delivers oilfield technology solutions to clients across the People's Republic of China, the Middle East, and internationally. Its business operations are structured into three main...
How the Company Makes Money
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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 | 273.68M | 292.44M | 314.84M | 313.77M | 163.97M |
| Gross Profit | 226.37M | 225.17M | 38.76M | 24.72M | 5.89M |
| EBITDA | 34.82M | 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
Negative
0.05
Price Trends
0.22
Negative
0.19
Negative
0.13
Positive
Market Momentum
-0.02
Positive
30.84
Neutral
8.28
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2178, the sentiment is Negative. The current price of 0.05 is below the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.22, and below the 200-day MA of 0.13, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 30.84 is Neutral, neither overbought nor oversold. The STOCH value of 8.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$2.52B | 5.72 | 8.78% | 3.59% | 17.33% | 65.22% | |
67 Neutral | HK$53.23B | 14.86 | 8.25% | 3.59% | 4.22% | 22.46% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
61 Neutral | HK$16.83B | 12.35 | 9.55% | 3.43% | 6.40% | 3.53% | |
56 Neutral | HK$1.24B | 25.58 | 2.87% | 2.83% | -61.54% | -76.53% | |
52 Neutral | HK$246.91M | 10.88 | 12.68% | ― | -7.16% | ― | |
48 Neutral | HK$361.34M | -1.02 | -11.00% | ― | 4.50% | -1232.04% |
* Energy Sector Average
HK:2178
Petro-king Oilfield Services Ltd.
0.14
0.03
30.00%
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Anton Oilfield Services Group
0.84
-0.53
-38.64%
HK:2883
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6.90
0.63
9.98%
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CIMC Enric Holdings
7.96
1.85
30.30%
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Jutal Offshore Oil Services
0.50
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-17.08%
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Hilong Holding Ltd.
0.21
0.10
88.50%
Petro-king Oilfield Services Ltd. Corporate Events
Petro-king Wins Unanimous Shareholder Backing at 2026 AGM
May 15, 2026
Petro-king Oilfield Services Limited reported that all resolutions at its 15 May 2026 annual general meeting were approved by shareholders through a poll, with 502,930,948 votes cast in favor and none against each item. The company secured mandate...
Petro-king Says Court Fee Ruling on Subsidiary Won’t Hit Finances
May 14, 2026
Petro-king Oilfield Services Ltd. has disclosed an appeal ruling in a litigation involving one of its subsidiaries, in which a Shenzhen court ordered the subsidiary to pay RMB16.63 million in technical service fees plus interest and approximately ...
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...
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.