Wing Lee Development Construction Holdings Limited (9639) AI Stock Analysis

• Market Cap: HK$1.13B
• Dividend Yield: N/A
• Average Volume (3M): 3.28M
• Price to Earnings (P/E): 14.3
• Beta (1Y): -0.08
• Revenue Growth: -18.87%
• EPS Growth: -54.53%
• Country: HK
• Employees: 381
• Sector: Real Estate
• Sector Strength: 53
• Industry: Engineering & Construction
• EPS (TTM): N/A
• Shares Outstanding: 1,000,000,000
• 10 Day Avg. Volume: 3,254,500
• 30 Day Avg. Volume: 3,278,333
• PEG Ratio: -0.28
• Price to Book (P/B): 1.24
• Price to Sales (P/S): 0.61
• P/FCF Ratio: -7.23
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: HK$1.00 ▼(-18.03% Downside)
• Action: Reiterated Date: 03/10/26
• Date: Action: Reiterated 03/10/26

The score is primarily held back by weak cash flow quality and bearish technical signals (below major moving averages with negative MACD). These are partially offset by strong reported revenue growth, improved leverage, and a moderate P/E valuation.

Positive Factors

Strong revenue growth

Sustained 36.22% revenue growth indicates durable demand or successful contract wins in construction. Over 2-6 months this supports scale advantages, better utilization of crews and equipment, and a larger backlog that can underpin future earnings if cost control and execution remain intact.

Negative Factors

Severe free cash flow decline

A free cash flow decline of -218% is a structural red flag: recurring cash outflows relative to inflows constrain funding for working capital and capex. In construction this often reflects billing, retention or timing issues and, if persistent, forces external financing or curtails growth and investment plans.

Wing Lee Development Construction Holdings Limited Business Overview & Revenue Model

Company Description

Wing Lee Development Construction Holdings Ltd. engages in the construction business. It operates through the following segments: Civil Engineering, Electrical Engineering and Renewable Energy. The Civil Engineering segment offers civil engineerin...

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Wing Lee Development Construction Holdings Ltd. engages in the construction business. It operates through the following segments: Civil Engineering, Electrical Engineering and Renewable Energy. The Civil Engineering segment offers civil engineerin...

How the Company Makes Money

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Wing Lee Development Construction Holdings Limited Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	568.26M	716.64M	526.10M	361.21M	520.35M
Gross Profit	116.28M	144.41M	121.61M	75.53M	93.61M
EBITDA	71.58M	90.42M	109.11M	64.03M	83.90M
Net Income	37.13M	55.46M	76.91M	40.56M	59.05M
Balance Sheet
Total Assets	610.88M	569.22M	365.78M	258.38M	268.83M
Cash, Cash Equivalents and Short-Term Investments	57.97M	93.68M	27.36M	5.47M	13.34M
Total Debt	90.68M	72.17M	52.93M	53.21M	50.67M
Total Liabilities	240.00M	217.62M	210.38M	139.39M	190.38M
Stockholders Equity	370.88M	351.59M	155.39M	119.00M	77.91M
Cash Flow
Free Cash Flow	-164.24M	-60.14M	50.81M	16.40M	1.85M
Operating Cash Flow	-86.09M	5.39M	69.39M	36.78M	7.92M
Investing Cash Flow	-79.39M	-91.54M	-39.61M	-35.87M	-5.49M
Financing Cash Flow	191.19M	152.47M	-7.89M	-8.78M	2.00M

Wing Lee Development Construction Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.22
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 1.06, above the 50-day MA of 1.11, and above the 200-day MA of 1.15, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 56.04 is Neutral, neither overbought nor oversold. The STOCH value of 80.00 is Negative, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
9639	55 Neutral	HK$1.13B	14.32	25.30%	―	-18.87%	-54.53%
2286	51 Neutral	HK$87.60M	-0.26	-24.92%	―	-81.10%	-114.54%
0261	46 Neutral	HK$78.32M	-0.56	-13.87%	―	-32.43%	55.29%
2892	46 Neutral	HK$296.25M	-59.48	-9.07%	―	-72.10%	90.00%

Wing Lee Development Construction Holdings Limited Corporate Events