Wah Sun Handbags International Holdings Ltd. (HK:2683)
:2683
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Wah Sun Handbags International Holdings Ltd.
(2683)
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Rating:73Outperform
Price Target:
HK$1.50
▲(32.74% Upside)
Action:ReiteratedDate:11/14/25
Wah Sun Handbags International Holdings Ltd. has a strong financial foundation, with impressive revenue and profit growth, effective cash management, and a stable balance sheet. The stock is attractively valued with a low P/E ratio and high dividend yield. However, technical analysis indicates potential overbought conditions, which could pose short-term risks.
Positive Factors
Sustained Revenue Growth
Consistent double‑digit revenue growth (18.27% in the latest year) suggests durable demand and expanding market penetration in its segment. Over a 2–6 month horizon this supports stable top‑line momentum, funding reinvestment, scale benefits and stronger negotiating power with suppliers and distributors.
Negative Factors
Cyclical, Fashion-Sensitive Industry
Operating in apparel and accessories exposes the company to cyclical consumer spending and fashion cycles. Structural demand swings and shifting consumer preferences can pressure revenue and margins intermittently, requiring sustained product innovation, inventory discipline and brand management to protect long‑term profits.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Consistent double‑digit revenue growth (18.27% in the latest year) suggests durable demand and expanding market penetration in its segment. Over a 2–6 month horizon this supports stable top‑line momentum, funding reinvestment, scale benefits and stronger negotiating power with suppliers and distributors.
Read all positive factors
Wah Sun Handbags International Holdings Ltd. (2683) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$469.92M
Dividend Yield5.45%
Average Volume (3M)490.27K
Price to Earnings (P/E)1.9
Beta (1Y)0.41
Revenue Growth31.25%
EPS Growth147.52%
CountryHK
Employees4,483
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)0.12
Shares Outstanding408,625,980
10 Day Avg. Volume276,000
30 Day Avg. Volume490,266
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.86
Price to Sales (P/S)0.35
P/FCF Ratio3.12
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
Wah Sun Handbags International Holdings Ltd. Business Overview & Revenue Model
Company Description
Wah Sun Handbags International Holdings Limited, an investment holding company, engages in the manufacture and trade of non-leather hand-bag products in the United States, Spain, Canada, and internationally. Its non-leather handbags are made of PU...
How the Company Makes Money
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Wah Sun Handbags International Holdings Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 803.54M | 724.10M | 594.41M | 446.52M | 617.59M | 403.84M |
| Gross Profit | 187.85M | 159.58M | 105.00M | 67.55M | 127.63M | 67.21M |
| EBITDA | 121.91M | 97.06M | 46.80M | 22.92M | 63.56M | 20.58M |
| Net Income | 85.56M | 64.27M | 28.50M | 8.49M | 39.54M | 5.56M |
Balance Sheet | ||||||
| Total Assets | 482.90M | 420.87M | 371.31M | 382.38M | 416.99M | 374.15M |
| Cash, Cash Equivalents and Short-Term Investments | 217.19M | 188.85M | 142.68M | 103.04M | 116.55M | 110.72M |
| Total Debt | 21.98M | 18.71M | 21.54M | 23.83M | 22.50M | 24.38M |
| Total Liabilities | 163.01M | 127.34M | 115.92M | 137.82M | 157.88M | 138.16M |
| Stockholders Equity | 318.60M | 294.94M | 259.33M | 247.21M | 259.27M | 235.99M |
Cash Flow | ||||||
| Free Cash Flow | 70.86M | 81.21M | 60.87M | 14.97M | 25.13M | 38.82M |
| Operating Cash Flow | 71.98M | 88.06M | 63.76M | 22.20M | 37.32M | 39.95M |
| Investing Cash Flow | -902.00K | -3.75M | -621.00K | -6.54M | -12.11M | -988.00K |
| Financing Cash Flow | -34.11M | -35.83M | -24.14M | -26.61M | -20.38M | -15.52M |
Wah Sun Handbags International Holdings Ltd. Technical Analysis
Negative
1.13
Price Trends
1.23
Negative
1.15
Negative
0.94
Positive
Market Momentum
-0.02
Positive
37.72
Neutral
19.70
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2683, the sentiment is Negative. The current price of 1.13 is below the 20-day moving average (MA) of 1.23, below the 50-day MA of 1.23, and above the 200-day MA of 0.94, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 37.72 is Neutral, neither overbought nor oversold. The STOCH value of 19.70 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2683.
Wah Sun Handbags International Holdings 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% | |
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% | |
48 Neutral | HK$55.20M | -2.23 | -22.32% | ― | 6.38% | -275.00% | |
47 Neutral | HK$19.04M | 434.21 | ― | ― | -48.40% | 66.36% | |
46 Neutral | HK$250.37M | -1.27 | -20.20% | ― | -30.45% | -97.13% | |
42 Neutral | HK$191.00M | -13.61 | -204.26% | ― | -8.05% | 33.37% |
* Consumer Cyclical Sector Average
HK:2683
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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.