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Wing Lee Development Construction Holdings Limited
(9639)
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Rating:49Neutral
Price Target:
HK$0.99
▼(-19.26% Downside)
Action:Reiterated
Date:07/30/26
The score is primarily weighed down by weakening fundamentals—especially negative operating cash flow and sustained free-cash-flow deficits—along with meaningful margin/return compression. Technicals also detract as the stock trades below all major moving averages, while valuation remains challenging with a high P/E and no provided dividend yield to offset risk.
Positive Factors
Manageable Leverage
Moderate leverage and a larger equity base provide financial flexibility for an engineering and construction business. This can help the company absorb project volatility and fund operations without relying excessively on additional borrowing.
Negative Factors
Weak Cash Generation
Persistent cash-flow deficits weaken earnings quality and may require working-capital funding or external financing. If cash absorption continues, the company could face less flexibility to execute projects, invest, or withstand construction-cycle volatility.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable Leverage
Moderate leverage and a larger equity base provide financial flexibility for an engineering and construction business. This can help the company absorb project volatility and fund operations without relying excessively on additional borrowing.
Read all positive factors
Wing Lee Development Construction Holdings Limited (9639) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$980.00M
Dividend YieldN/A
Average Volume (3M)3.28M
Price to Earnings (P/E)49.0
Beta (1Y)-0.02
Revenue Growth-13.44%
EPS Growth-66.85%
CountryHK
Employees362
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.02
Shares Outstanding1,000,000,000
10 Day Avg. Volume3,254,500
30 Day Avg. Volume3,278,333
Financial Highlights & Ratios
PEG Ratio-0.88
Price to Book (P/B)2.92
Price to Sales (P/S)1.74
P/FCF Ratio-15.88
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
Wing Lee Development Construction Holdings Limited Business Overview & Revenue Model
Company Description
Wing Lee Development Construction Holdings Limited, an investment holding company, provides civil and electrical cable engineering, and solar photovoltaic (PV) system contracting services in Hong Kong. The company operates through Civil Engineerin...
How the Company Makes Money
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Wing Lee Development Construction Holdings Limited Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
72
Positive
Cash Flow
28
Negative
| Breakdown | Mar 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 620.32M | 716.64M | 526.10M | 361.21M | 520.35M |
| Gross Profit | 91.52M | 144.41M | 121.61M | 75.53M | 93.61M |
| EBITDA | 56.35M | 90.42M | 109.11M | 64.03M | 83.90M |
| Net Income | 18.42M | 55.46M | 76.91M | 40.56M | 59.05M |
Balance Sheet | |||||
| Total Assets | 671.13M | 569.22M | 365.78M | 258.38M | 268.83M |
| Cash, Cash Equivalents and Short-Term Investments | 74.26M | 93.68M | 27.36M | 5.47M | 13.34M |
| Total Debt | 111.39M | 72.17M | 52.93M | 53.21M | 50.67M |
| Total Liabilities | 301.23M | 217.62M | 210.38M | 139.39M | 190.38M |
| Stockholders Equity | 369.90M | 351.59M | 155.39M | 119.00M | 77.91M |
Cash Flow | |||||
| Free Cash Flow | -68.03M | -60.14M | 50.81M | 16.40M | 1.85M |
| Operating Cash Flow | -20.21M | 5.39M | 69.39M | 36.78M | 7.92M |
| Investing Cash Flow | -50.45M | -91.54M | -39.61M | -35.87M | -5.49M |
| Financing Cash Flow | 31.31M | 152.47M | -7.89M | -8.78M | 2.00M |
Wing Lee Development Construction Holdings Limited Technical Analysis
Positive
1.22
Price Trends
0.94
Positive
1.00
Negative
1.08
Negative
Market Momentum
0.02
Negative
56.80
Neutral
40.35
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9639, the sentiment is Positive. The current price of 1.22 is above the 20-day moving average (MA) of 0.93, above the 50-day MA of 0.94, and above the 200-day MA of 1.08, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 56.80 is Neutral, neither overbought nor oversold. The STOCH value of 40.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:9639.
Wing Lee Development Construction Holdings Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | HK$1.81B | 4.04 | 16.17% | 10.81% | -3.66% | 4.32% | |
71 Outperform | HK$1.16B | 18.96 | 5.24% | 13.24% | -18.58% | -27.75% | |
57 Neutral | HK$1.21B | -4,157.40 | -0.11% | ― | -2.02% | -101.97% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | HK$713.81M | -0.29 | -118.41% | ― | -3.72% | 21.15% | |
49 Neutral | HK$980.00M | 49.00 | 4.97% | ― | -13.44% | -66.85% | |
43 Neutral | HK$300.46M | -0.33 | -31.01% | ― | -22.33% | -203.23% |
* General Sector Average
HK:9639
Wing Lee Development Construction Holdings Limited
0.98
-0.33
-25.19%
HK:0240
Build King Holdings
1.46
0.35
31.67%
HK:0896
Hanison Construction Holdings
0.28
0.01
3.70%
HK:1903
JBB Builders International Ltd.
2.42
1.02
72.86%
HK:0610
Wai Kee Holdings Limited
0.90
0.21
30.43%
HK:0687
Tysan Holdings Limited
0.35
0.08
30.19%
Wing Lee Development Construction Holdings Limited Corporate Events
Wing Lee Development Construction Calls AGM to Renew Governance and Capital Mandates
Jul 31, 2026
Wing Lee Development Construction Holdings Limited, a Hong Kong-listed construction and development company incorporated in the Cayman Islands, provides construction-related services to the local market under the oversight of a board that includes...
Wing Lee Proposes Overhaul of Articles to Meet Hong Kong’s New Digital Listing Rules
Jul 27, 2026
Wing Lee Development Construction Holdings Limited has proposed a comprehensive update to its articles of association to adopt a second amended and restated set of articles that align with recent changes in Hong Kong’s listing and regulatory...
Wing Lee Development Construction Profit Slumps on Lower Revenue and Margin Pressure
Jun 29, 2026
Wing Lee Development Construction Holdings reported a decline in performance for the year ended 31 March 2026, with revenue falling 13.4% to HK$620.3 million and gross profit dropping 36.6% to HK$91.5 million. The group’s basic and diluted e...
Wing Lee flags sharp profit drop on rising costs and new energy investment
Jun 23, 2026
Wing Lee Development Construction Holdings warned that consolidated profit attributable to shareholders for the year ended 31 March 2026 is expected to fall to not more than HK$19 million, down sharply from about HK$55.46 million a year earlier. T...
Wing Lee Development Construction Sets June Board Meeting on Annual Results and Dividend
Jun 15, 2026
Wing Lee Development Construction Holdings Limited has scheduled a board meeting for 29 June 2026 to review and approve the audited consolidated annual results for the financial year ended 31 March 2026 and to authorize their publication. The boar...
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.