Kinergy Corporation Ltd. (3302) AI Stock Analysis

• Market Cap: HK$142.66M
• Dividend Yield: N/A
• Average Volume (3M): 1.35M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.39
• Revenue Growth: -0.51%
• EPS Growth: -922.95%
• Country: HK
• Employees: 797
• Sector: Industrials
• Sector Strength: 73
• Industry: Industrial - Machinery
• EPS (TTM): -0.02
• Shares Outstanding: 920,393,400
• 10 Day Avg. Volume: 1,074,600
• 30 Day Avg. Volume: 1,351,600
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 49 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

Kinergy Corporation Ltd. is facing significant financial challenges, with declining revenues and profitability being the most impactful factors. Technical analysis shows some positive momentum, but the negative P/E ratio and lack of dividend yield weigh heavily on the stock's valuation.

Positive Factors

Manageable Leverage

A manageable debt-to-equity ratio indicates that Kinergy Corporation Ltd. is not overly reliant on debt financing, which can provide stability and flexibility in financial planning and operations over the long term.

End-to-End Manufacturing Solutions

Offering comprehensive manufacturing solutions positions Kinergy as a valuable partner for OEMs, potentially leading to sustained demand and long-term contracts, enhancing revenue stability.

Improved Cash Flow Management

Improved cash flow management, despite ongoing challenges, suggests the company is taking steps to better align its cash inflows and outflows, which is crucial for sustaining operations and funding growth initiatives.

Negative Factors

Declining Revenue and Profitability

Ongoing declines in revenue and profitability indicate potential issues with market demand or operational efficiency, which could hinder long-term growth and competitive positioning.

Negative Returns on Equity

Negative returns on equity suggest that the company is not generating sufficient profit from its equity base, which can deter investment and limit future capital raising opportunities.

Decreasing Gross Profit Margin

A decreasing gross profit margin reflects challenges in cost control or pricing power, potentially impacting the company's ability to maintain profitability and invest in growth over the long term.

Kinergy Corporation Ltd. Business Overview & Revenue Model

Company Description

Kinergy Corporation Ltd., together with its subsidiaries, provides contract manufacturing, design, engineering, and assembly services for the electronics industry in Singapore, the Philippines, the United States, the People's Republic of China, Japan, and internationally. It operates through three segments: Electronics Manufacturing Services (EMS), Original Design Manufacturing (ODM), and Investment. The EMS segment manufactures and sells sub-systems, such as work-holders, sliders, and magazine handlers; complete machines, including dicing machines, lapping machines, lifters, and polishing machines; and mechanical components for semiconductor processing equipment industry, as well as provides maintenance and commissioning services. The ODM segment designs, develops, manufactures, and sells automated equipment, such as auto frame loader, auto-buffing equipment, and strip laser markers; precision tools, such as encapsulation molds and dies; and spare parts. The Investment segment engages in provision of fund management services and investment activities in equity securities and funds. The company offers its products under the Kinergy brand. It is also involved in marketing and logistics business; and the procurement of materials. The company was formerly known as Kinergy Ltd and changed its name to Kinergy Corporation Ltd. in December 2013. Kinergy Corporation Ltd. was incorporated in 1988 and is headquartered in Singapore.

How the Company Makes Money

Kinergy Corporation Ltd. generates revenue primarily through its electronics manufacturing services. The company provides end-to-end manufacturing solutions that encompass design, engineering, and production services for electronic components and systems. Key revenue streams include contracts with original equipment manufacturers (OEMs) and other technology companies that outsource their production processes to Kinergy. Additionally, the company may form strategic partnerships with major players in the electronics space to enhance its service offerings and expand its market reach.

Kinergy Corporation Ltd. Financial Statement Overview

Summary

Kinergy Corporation Ltd. faces significant financial challenges, with declining revenues and profitability. The balance sheet shows manageable leverage, but declining equity and negative returns on equity highlight operational struggles. Cash flow management has improved but remains a concern.

Income Statement

Kinergy Corporation Ltd. has experienced declining revenue and profitability. The gross profit margin has decreased over time, and the company has reported negative EBIT and net income margins in the latest periods, indicating challenges in cost control and overall profitability. Revenue growth has been negative, reflecting shrinking business operations.

Balance Sheet

The company's debt-to-equity ratio remains manageable, suggesting relatively low financial risk from leverage. However, the declining equity ratio signifies a reduction in financial stability. The return on equity has turned negative, pointing to unprofitable operations impacting shareholder returns.

Cash Flow

Operating cash flow has shown improvement but remains insufficient to cover capital expenditures consistently, leading to fluctuating free cash flow. The free cash flow to net income ratio suggests cash flow generation challenges, though there's some improvement compared to previous periods.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	99.04M	92.49M	124.20M	168.32M	70.98M
Gross Profit	6.30M	7.00M	19.00M	28.22M	6.50M
EBITDA	-6.55M	4.06M	8.42M	15.01M	-604.00K
Net Income	-6.28M	-2.56M	7.28M	11.93M	-2.84M
Balance Sheet
Total Assets	157.61M	159.37M	168.91M	195.14M	125.14M
Cash, Cash Equivalents and Short-Term Investments	18.22M	18.71M	20.10M	41.71M	25.26M
Total Debt	24.94M	20.89M	21.25M	20.79M	7.00M
Total Liabilities	55.08M	49.82M	46.61M	66.84M	36.20M
Stockholders Equity	89.51M	94.62M	106.48M	113.42M	87.39M
Cash Flow
Free Cash Flow	672.00K	-3.19M	-3.26M	-5.01M	-9.16M
Operating Cash Flow	3.47M	1.15M	2.94M	-542.00K	-5.77M
Investing Cash Flow	-2.71M	2.88M	-12.32M	-2.29M	-9.28M
Financing Cash Flow	-1.15M	-5.39M	-9.47M	18.56M	4.64M

Kinergy Corporation Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.16
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3302, the sentiment is Neutral. The current price of 0.16 is below the 20-day moving average (MA) of 0.16, above the 50-day MA of 0.15, and above the 200-day MA of 0.12, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 52.26 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:3302.

Kinergy Corporation Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1289	72 Outperform	HK$299.52M	6.83	5.59%	3.74%	20.69%	-24.85%
Sector *	64 Neutral	$10.84B	15.28	7.40%	1.99%	2.87%	-14.59%
0365	54 Neutral	HK$429.22M	―	-5.21%	―	18.71%	61.54%
1536	52 Neutral	HK$76.15M	―	-10.53%	―	46.44%	38.09%
3302	49 Neutral	HK$142.66M	―	-10.85%	―	-0.51%	-922.95%
1645	44 Neutral	HK$592.17M	―	-6.34%	―	-2.88%	44.39%
1673	39 Underperform	HK$338.38M	―	-1.94%	―	-14.00%	87.71%

Kinergy Corporation Ltd. Corporate Events

Kinergy Corporation Ltd. Schedules Board Meeting for Interim Results

Kinergy Corporation Ltd., incorporated in Singapore, has announced a board meeting scheduled for 22 August 2025. The meeting will address the company’s interim results for the first half of 2025 and discuss the potential recommendation for an interim dividend. This announcement is part of the company’s regulatory obligations under the Hong Kong Stock Exchange listing rules.

Kinergy Corporation Issues Profit Warning for First Half of 2025

Kinergy Corporation Ltd., a company listed on the Hong Kong Stock Exchange, has issued a profit warning for the six months ending June 30, 2025. The company anticipates a net loss of approximately S$3.4 million, contrasting with a net profit of S$2.9 million in the same period last year, primarily due to the absence of a one-off income recorded in the previous period. The interim results are still being finalized and may be subject to adjustments.

Kinergy Corporation Ltd. Establishes Nomination Committee to Enhance Governance

Kinergy Corporation Ltd. has established a Nomination Committee as part of its governance structure. The committee is composed of a majority of independent non-executive directors and is responsible for overseeing nominations within the company. The committee’s operations include setting terms of appointment, meeting protocols, and ensuring gender diversity among its members. This move is likely aimed at strengthening the company’s governance and ensuring a diverse and independent oversight in its nomination processes.

Kinergy Corporation Ltd. Grants 9.12 Million Share Options

Kinergy Corporation Ltd. has announced the grant of 9,120,000 share options to eligible participants as part of its Share Option Scheme. This move aims to incentivize and reward contributions to the company, with the options exercisable over a five-year period, contingent on meeting specific performance targets.