Kwan Yong Holdings Limited (HK:9998)
:9998
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Kwan Yong Holdings Limited
(9998)
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Rating:77Outperform
Price Target:
HK$0.48
▲(28.92% Upside)
Action:Reiterated
Date:03/24/26
The score is driven by improving fundamentals (profitability recovery, low leverage, and strong 2025 cash flow) and very attractive valuation (low P/E with a solid dividend yield). These positives are tempered by weak technical conditions, with the stock trading below key moving averages and muted momentum.
Positive Factors
Strong cash generation
The sharp rise to ~HK$56–57M in operating and free cash flow in 2025 indicates the business can generate real cash from contracts. Durable cash generation supports dividends, working-capital needs, debt reduction and selective reinvestment, improving resilience through construction cycles.
Negative Factors
Earnings volatility / prior losses
The company’s track record of losses and variable returns through 2020–2024 points to material execution and demand sensitivity. In construction, earnings are lumpy and closely tied to project timing and margins, so past volatility implies persistent risk that profits may revert.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
The sharp rise to ~HK$56–57M in operating and free cash flow in 2025 indicates the business can generate real cash from contracts. Durable cash generation supports dividends, working-capital needs, debt reduction and selective reinvestment, improving resilience through construction cycles.
Read all positive factors
Kwan Yong Holdings Limited (9998) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$336.00M
Dividend YieldN/A
Average Volume (3M)1.75M
Price to Earnings (P/E)3.1
Beta (1Y)0.48
Revenue Growth46.76%
EPS Growth439.34%
CountryHK
Employees504
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.02
Shares Outstanding800,000,000
10 Day Avg. Volume1,634,500
30 Day Avg. Volume1,755,000
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.48
Price to Sales (P/S)0.10
P/FCF Ratio0.44
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
Kwan Yong Holdings Limited Business Overview & Revenue Model
Company Description
Kwan Yong Holdings Limited, an investment holding enterprise, provides a comprehensive suite of building and construction services across Singapore. The company undertakes a diverse range of construction projects, encompassing institutional facili...
How the Company Makes Money
The company generates revenue primarily through its construction contracts, which involve the building of residential, industrial, and commercial structures. Revenue is recognized progressively over the duration of these projects, based on the per...
Kwan Yong Holdings Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
82
Very Positive
Cash Flow
88
Very Positive
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 251.84M | 239.92M | 133.83M | 111.44M | 77.77M | 90.53M |
| Gross Profit | 30.40M | 24.63M | 7.74M | 8.61M | 3.76M | -5.18M |
| EBITDA | 21.47M | 15.33M | 382.00K | 3.58M | -283.00K | -3.93M |
| Net Income | 17.69M | 12.77M | 1.57M | 2.33M | -391.00K | -6.21M |
Balance Sheet | ||||||
| Total Assets | 204.13M | 175.10M | 98.92M | 85.29M | 71.84M | 86.15M |
| Cash, Cash Equivalents and Short-Term Investments | 156.09M | 94.35M | 42.03M | 23.37M | 14.09M | 32.54M |
| Total Debt | 2.62M | 2.85M | 4.45M | 3.36M | 4.85M | 7.12M |
| Total Liabilities | 147.92M | 123.13M | 59.90M | 47.87M | 36.83M | 50.73M |
| Stockholders Equity | 56.21M | 51.97M | 39.01M | 37.42M | 35.02M | 35.43M |
Cash Flow | ||||||
| Free Cash Flow | 82.56M | 55.97M | 17.64M | 8.83M | -15.26M | -13.48M |
| Operating Cash Flow | 83.51M | 57.23M | 19.62M | 9.41M | -14.68M | -10.35M |
| Investing Cash Flow | 4.32M | 1.37M | 176.00K | 1.25M | -1.53M | -2.74M |
| Financing Cash Flow | -5.43M | -6.08M | -1.52M | -1.62M | -2.29M | -1.97M |
Kwan Yong Holdings Limited Technical Analysis
Positive
0.37
Price Trends
0.42
Positive
0.45
Negative
0.41
Positive
Market Momentum
>-0.01
Negative
61.68
Neutral
92.59
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9998, the sentiment is Positive. The current price of 0.37 is below the 20-day moving average (MA) of 0.39, below the 50-day MA of 0.42, and below the 200-day MA of 0.41, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 61.68 is Neutral, neither overbought nor oversold. The STOCH value of 92.59 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:9998.
Kwan Yong Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$336.00M | 3.13 | 32.71% | ― | 46.76% | 439.34% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
48 Neutral | HK$220.00M | 13.79 | 4.36% | 15.38% | 0.39% | -42.36% | |
46 Neutral | HK$267.21M | -3.17 | -6.00% | 7.35% | 24.69% | -257.79% | |
46 Neutral | HK$268.27M | -0.71 | -11.32% | ― | -8.54% | -25.17% | |
45 Neutral | HK$95.45M | -0.52 | -47.12% | ― | -70.99% | -2956.76% |
* Industrials Sector Average
HK:9998
Kwan Yong Holdings Limited
0.42
0.24
133.33%
HK:0896
Hanison Construction Holdings
0.25
0.02
7.30%
HK:0406
Yau Lee Holdings Limited
0.61
-0.21
-25.61%
HK:1408
Macau E&M Holding Limited
0.37
0.23
164.29%
HK:1413
Kwong Luen Engineering Holdings Limited
0.19
-0.16
-44.89%
HK:1447
SFK Construction Holdings Ltd.
0.55
-0.07
-12.00%
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.