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Wah Wo Holdings Group Limited
(9938)
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Rating:57Neutral
Price Target:
HK$0.22
▲(66.92% Upside)
Action:Downgraded
Date:07/03/26
The score is primarily supported by a conservative balance sheet and generally positive (but volatile) cash generation, while being held back by inconsistent earnings (including a net loss in 2026) and weak technical momentum (price below key moving averages and negative MACD). Valuation is moderate on P/E but lacks dividend data to strengthen the case.
Positive Factors
Conservative balance sheet
Low leverage and a sizable equity base reduce refinancing and solvency risk in the cyclical construction sector. This structural financial conservatism preserves borrowing capacity and flexibility to fund projects or absorb shocks over the next several months to years.
Negative Factors
Volatile earnings and returns
Earnings volatility, including a net loss in 2026 after a one-year rebound, weakens sustainable return generation and makes forecasting cash distributions and reinvestment harder. Persistent profit swings erode investor confidence and limit strategic options.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and a sizable equity base reduce refinancing and solvency risk in the cyclical construction sector. This structural financial conservatism preserves borrowing capacity and flexibility to fund projects or absorb shocks over the next several months to years.
Read all positive factors
Wah Wo Holdings Group Limited (9938) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$210.00M
Dividend YieldN/A
Average Volume (3M)70.50K
Price to Earnings (P/E)9.9
Beta (1Y)0.84
Revenue Growth-14.83%
EPS Growth-129.76%
CountryHK
Employees130
SectorIndustrials
Sector Strength72
IndustryConstruction
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,000,000,000
10 Day Avg. Volume43,000
30 Day Avg. Volume70,500
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.99
Price to Sales (P/S)0.46
P/FCF Ratio11.32
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 Wo Holdings Group Limited Business Overview & Revenue Model
Company Description
Wah Wo Holdings Group Limited functions as an investment holding entity, specializing in aluminum-related solutions and services across Hong Kong. The company primarily focuses on exterior architectural elements, providing façade works that encomp...
Wah Wo Holdings Group Limited Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
78
Positive
Cash Flow
67
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 410.61M | 482.12M | 238.43M | 208.35M | 223.06M |
| Gross Profit | 47.15M | 55.73M | 21.25M | 25.26M | 16.37M |
| EBITDA | 16.38M | 26.35M | -58.54M | 7.71M | 4.28M |
| Net Income | -5.02M | 16.83M | -55.11M | 2.85M | 1.42M |
Balance Sheet | |||||
| Total Assets | 302.52M | 280.37M | 269.77M | 281.59M | 267.75M |
| Cash, Cash Equivalents and Short-Term Investments | 109.80M | 53.21M | 31.58M | 63.55M | 62.78M |
| Total Debt | 797.00K | 6.34M | 10.13M | 437.00K | 1.73M |
| Total Liabilities | 100.04M | 73.00M | 79.14M | 35.85M | 24.86M |
| Stockholders Equity | 202.49M | 207.36M | 190.63M | 245.75M | 242.89M |
Cash Flow | |||||
| Free Cash Flow | 24.87M | 44.45M | -10.88M | 42.69M | 55.23M |
| Operating Cash Flow | 24.87M | 44.82M | -9.95M | 45.65M | 55.41M |
| Investing Cash Flow | -640.00K | -21.64M | -28.61M | -43.58M | -65.94M |
| Financing Cash Flow | -6.51M | -678.00K | 5.71M | -1.29M | -1.52M |
Wah Wo Holdings Group Limited Technical Analysis
Neutral
0.13
Price Trends
0.24
Negative
0.19
Positive
0.15
Positive
Market Momentum
>-0.01
Positive
42.57
Neutral
39.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9938, the sentiment is Neutral. The current price of 0.13 is below the 20-day moving average (MA) of 0.22, below the 50-day MA of 0.24, and below the 200-day MA of 0.15, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.57 is Neutral, neither overbought nor oversold. The STOCH value of 39.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:9938.
Wah Wo Holdings Group Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | HK$210.00M | 9.86 | 10.12% | ― | -14.83% | -129.76% | |
56 Neutral | HK$179.50M | 30.27 | 0.62% | 2.34% | -22.26% | -33.78% | |
54 Neutral | HK$624.06M | -34.62 | -3.78% | ― | 4.31% | -420.00% | |
47 Neutral | HK$398.14M | -1.06 | 80.94% | ― | -13.39% | 34.49% | |
44 Neutral | HK$293.08M | -1.45 | -21.28% | ― | -23.68% | 35.58% | |
42 Neutral | HK$109.50M | -0.08 | -17.64% | ― | 3.19% | 75.01% |
* Industrials Sector Average
HK:9938
Wah Wo Holdings Group Limited
0.21
0.11
107.92%
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-25.25%
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0.28
0.06
29.11%
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2.16
1.83
554.55%
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-5.32%
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Wah Wo Holdings Group Limited Corporate Events
Wah Wo Holdings Releases Audited Annual Results for FY2026
Jun 29, 2026
Wah Wo Holdings Group Limited has released its audited consolidated annual results for the year ended 31 March 2026, fulfilling disclosure requirements of the Hong Kong Stock Exchange. The full annual report, including financial statements, manage...
Wah Wo Holdings Warns of HK$1.8 Million Annual Loss After Profit Reversal
Jun 15, 2026
Wah Wo Holdings Group Limited has warned that it expects to swing to a pre-tax loss of at least HK$1.8 million for the year ended 31 March 2026, a sharp reversal from a profit before tax of about HK$24.0 million a year earlier. The deterioration i...
Wah Wo Sets June Board Meeting to Approve Annual Results and Consider Dividend
Jun 15, 2026
Wah Wo Holdings Group Limited has scheduled a board meeting for 29 June 2026 to review and approve the annual results for the year ended 31 March 2026 for the company and its subsidiaries, and to authorize their publication. The board will also co...
Wah Wo Holdings Clarifies Terms of Share Option Scheme in 2024/25 Report
Apr 15, 2026
Wah Wo Holdings Group Limited has issued a supplemental announcement to its annual report for the year ended 31 March 2025, clarifying details of its share option scheme in line with Hong Kong listing requirements. The company specifies that eligi...
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.