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Kwan Yong Holdings Limited (HK:9998)
:9998
Hong Kong Market

Kwan Yong Holdings Limited (9998) AI Stock Analysis

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HK:9998

Kwan Yong Holdings Limited

(9998)

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Neutral 69 (OpenAI - 5.2)
Rating:69Neutral
Price Target:
HK$0.36
▼(-3.78% Downside)
The score is driven primarily by strong financial performance (growth, improved profitability, and rising free cash flow) and very favorable valuation (low P/E and high dividend yield). This is meaningfully offset by weak technical momentum, with the stock trading below key moving averages and bearish indicator readings.
Positive Factors
Revenue Growth
Sustained revenue growth of 37.04% indicates durable demand for materials and successful project execution. Over a multi-month horizon this supports expanded market share, stronger backlog visibility, and greater capacity to reinvest in operations and development projects, strengthening long-term fundamentals.
Free Cash Flow Generation
A 78.72% rise in free cash flow and healthy operating cash conversion point to robust cash generation. This improves self-funding for capex and development, reduces refinancing risk, and enhances ability to opportunistically invest or shore up working capital during cyclical downswings, boosting resilience.
Low Leverage / Balance Sheet Strength
Low debt-to-equity and improving return on equity signal prudent financial management and flexibility. A stronger balance sheet supports financing of new projects, cushions cyclical pressures in construction, and allows strategic moves without excessive refinancing or liquidity strain over the medium term.
Negative Factors
Historical Margin Volatility
Past margin swings reduce predictability of profitability and cashflow. In construction and materials, cost pass-through and project mix can rapidly alter margins; sustained volatility can impair planning, investment returns, and lending terms, posing a persistent execution and earnings-risk over months.
Moderate Reliance on Equity Financing
Reliance on equity financing can limit financial leverage benefits and may dilute shareholders when raising capital. It can constrain the firm's ability to scale projects quickly via debt, reduce tax-efficient financing options, and limit nimbleness to pursue growth or acquisitions over the medium term.
Cyclicality / Seasonal Demand Exposure
Dependence on construction materials and property markets exposes revenue and margins to economic cycles and seasonality. Over 2–6 months, downturns or slow seasons can compress utilization, delay projects and receipts, and weigh on profitability absent geographic or product diversification.

Kwan Yong Holdings Limited (9998) vs. iShares MSCI Hong Kong ETF (EWH)

Kwan Yong Holdings Limited Business Overview & Revenue Model

Company DescriptionKwan Yong Holdings Limited, an investment holding company, provides general building and construction services in Singapore. It undertakes building construction works of institutional buildings, such as education institutions, hospitals, and nursing homes; and commercial buildings comprising office buildings and restaurants, as well as industrial and residential buildings. The company was incorporated in 2018 and is headquartered in Singapore. Kwan Yong Holdings Limited operates as a subsidiary of Ideal Smart Ventures Limited.
How the Company Makes MoneyKwan Yong Holdings Limited generates revenue primarily through the sale of construction materials, including cement, concrete, and other related products. The company benefits from a strong market presence and established relationships with contractors and construction firms, which are key revenue drivers. Additionally, Kwan Yong engages in real estate development projects that contribute to its income through property sales and leasing activities. The company may also explore strategic partnerships with other firms in the construction and real estate sectors, enhancing its market reach and operational efficiencies. Seasonal demand fluctuations and economic conditions may impact earnings, but diversification across sectors helps stabilize revenue streams.

Kwan Yong Holdings Limited Financial Statement Overview

Summary
Kwan Yong Holdings Limited exhibits strong financial health with significant improvements in revenue growth, profitability, and cash flow generation. The company has effectively managed its debt levels, maintaining a low leverage profile. While historical volatility in profitability margins poses some risk, the current trajectory suggests a positive outlook for sustained financial performance.
Income Statement
Kwan Yong Holdings Limited has demonstrated strong revenue growth with a 37.04% increase in the latest period, indicating robust demand and successful project execution. The gross profit margin improved significantly, reflecting better cost management. The net profit margin also showed substantial improvement, moving from negative to positive territory, which is a positive sign of profitability. However, historical volatility in margins suggests potential risks in maintaining consistent profitability.
Balance Sheet
The company's balance sheet is relatively strong with a low debt-to-equity ratio, indicating prudent financial management and low leverage risk. The return on equity has improved, showcasing better utilization of shareholder funds. However, the equity ratio suggests a moderate reliance on equity financing, which could limit financial flexibility.
Cash Flow
Kwan Yong Holdings Limited has shown impressive growth in free cash flow, with a 78.72% increase, indicating strong cash generation capabilities. The operating cash flow to net income ratio is healthy, suggesting efficient conversion of income into cash. The free cash flow to net income ratio further supports the company's strong cash position, enhancing its ability to reinvest and manage debt.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue239.92M239.92M133.83M111.44M77.77M90.53M
Gross Profit24.63M24.63M7.74M8.61M3.76M-5.18M
EBITDA15.33M15.33M382.00K3.58M-283.00K-3.93M
Net Income12.77M12.77M1.57M2.33M-391.00K-6.21M
Balance Sheet
Total Assets175.10M175.10M98.92M85.29M71.84M86.15M
Cash, Cash Equivalents and Short-Term Investments94.35M94.35M42.03M23.37M14.09M32.54M
Total Debt2.85M2.85M4.45M3.36M4.85M7.12M
Total Liabilities123.13M123.13M59.90M47.87M36.83M50.73M
Stockholders Equity51.97M51.97M39.01M37.42M35.02M35.43M
Cash Flow
Free Cash Flow55.97M55.97M17.64M8.83M-15.26M-13.48M
Operating Cash Flow57.23M57.23M19.62M9.41M-14.68M-10.35M
Investing Cash Flow1.37M1.37M176.00K1.25M-1.53M-2.74M
Financing Cash Flow-6.08M-6.08M-1.52M-1.62M-2.29M-1.97M

Kwan Yong Holdings Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.37
Price Trends
50DMA
0.41
Negative
100DMA
0.36
Negative
200DMA
0.26
Positive
Market Momentum
MACD
-0.02
Positive
RSI
32.98
Neutral
STOCH
12.12
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9998, the sentiment is Negative. The current price of 0.37 is above the 20-day moving average (MA) of 0.37, below the 50-day MA of 0.41, and above the 200-day MA of 0.26, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 32.98 is Neutral, neither overbought nor oversold. The STOCH value of 12.12 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9998.

Kwan Yong Holdings Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
69
Neutral
HK$256.00M3.4127.58%81.81%724.56%
64
Neutral
HK$158.73M6.998.56%23.73%-32.31%-51.89%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
60
Neutral
HK$157.72M5.382.70%-27.58%-18.28%
49
Neutral
HK$130.14M-10.99-0.68%7.69%-33.92%-94.74%
40
Underperform
HK$158.88M-1.95-46.27%-63.83%36.12%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:9998
Kwan Yong Holdings Limited
0.32
0.23
255.56%
HK:1459
Jujiang Construction Group Co., Ltd. Class H
0.24
-0.05
-17.29%
HK:1559
Kwan On Holdings Ltd.
0.09
-0.02
-15.00%
HK:1615
AB Builders Group Limited
0.34
0.08
31.37%
HK:2017
Chanhigh Holdings Ltd.
0.26
-0.03
-8.93%
HK:2663
KPa-BM Holdings Ltd
0.29
-0.07
-18.80%

Kwan Yong Holdings Limited Corporate Events

Kwan Yong Wins SGD96 Million Contract for Singapore Nursing Home Project
Jan 9, 2026

Kwan Yong Holdings Limited has secured a construction contract worth approximately SGD96 million from Singapore’s Ministry of Health to develop a new nursing home at Alexandra Health Campus, with work scheduled to begin in March 2026. The award, obtained in the ordinary course of business, underscores the Group’s continued role in public-sector healthcare infrastructure, though the company does not expect the project to have a material impact on its net tangible assets or earnings per share for the financial year ending 30 June 2026, and the final revenue may differ from the stated contract sum due to contingent and provisional amounts.

The most recent analyst rating on (HK:9998) stock is a Hold with a HK$0.40 price target. To see the full list of analyst forecasts on Kwan Yong Holdings Limited stock, see the HK:9998 Stock Forecast page.

Kwan Yong Holdings Reshapes Board and Committee Roles
Jan 7, 2026

Kwan Yong Holdings Limited has announced an updated composition of its board of directors, comprising four executive directors, one non-executive director and three independent non-executive directors, effective 7 January 2026. The company has also confirmed the membership and chairmanship of its key governance bodies – the Audit, Remuneration and Nomination Committees – signalling a formalised governance structure and delineation of oversight responsibilities across its directors, which may strengthen board independence, risk management and remuneration oversight for shareholders and other stakeholders.

The most recent analyst rating on (HK:9998) stock is a Hold with a HK$0.40 price target. To see the full list of analyst forecasts on Kwan Yong Holdings Limited stock, see the HK:9998 Stock Forecast page.

Kwan Yong Reshapes Nomination Committee to Bolster Governance
Jan 7, 2026

Kwan Yong Holdings Limited has reshaped its board’s nomination committee, appointing independent non-executive director Fong Heng Boo as a new member and removing non-executive director Chou Sean Yu from the committee with effect from 7 January 2026. The reconfigured nomination committee now consists of three independent non-executive directors and two executive directors, maintaining a majority of independent members in line with Hong Kong listing requirements, a move the board believes will strengthen board effectiveness, enhance diversity, and bolster the company’s overall corporate governance framework.

The most recent analyst rating on (HK:9998) stock is a Hold with a HK$0.40 price target. To see the full list of analyst forecasts on Kwan Yong Holdings Limited stock, see the HK:9998 Stock Forecast page.

Kwan Yong Holdings Reshapes Board Roles and Remuneration Committee Leadership
Dec 19, 2025

Kwan Yong Holdings Limited has announced a board-level reshuffle, redesignating independent non-executive director (INED) Chou Sean Yu as a non-executive director (NED) with effect from 19 December 2025. Chou, a veteran commercial litigator and managing partner of WongPartnership LLP with more than three decades of experience, will step down as chairman of the remuneration committee but remain a member of that committee, as well as continuing to serve on the audit and nomination committees. Under a new three-year appointment, he will receive an annual director’s fee of SGD35,000, reflecting his revised role and responsibilities. Concurrently, independent non-executive director Lim Ah Lay has been appointed chairman of the remuneration committee, signalling a rebalancing of independent oversight within the board’s key governance structures while maintaining continuity in committee membership and preserving the company’s existing governance framework.

The most recent analyst rating on (HK:9998) stock is a Hold with a HK$0.40 price target. To see the full list of analyst forecasts on Kwan Yong Holdings Limited stock, see the HK:9998 Stock Forecast page.

Kwan Yong Holdings Updates Board and Committee Composition
Dec 19, 2025

Kwan Yong Holdings Limited has announced the current composition of its board of directors, effective 19 December 2025, led by Chairman and Chief Executive Officer Mr. Kwan Mei Kam alongside three other executive directors, one non-executive director and three independent non-executive directors. The company has also detailed the membership of its Audit, Remuneration and Nomination Committees, assigning chairmanships and memberships among independent and non-executive directors, a move that underlines its emphasis on corporate governance, oversight and board independence for its shareholders and other stakeholders.

The most recent analyst rating on (HK:9998) stock is a Hold with a HK$0.40 price target. To see the full list of analyst forecasts on Kwan Yong Holdings Limited stock, see the HK:9998 Stock Forecast page.

Kwan Yong Wins Near-Unanimous Backing for All AGM Resolutions
Dec 18, 2025

Kwan Yong Holdings Limited has reported that all resolutions tabled at its 18 December 2025 annual general meeting in Singapore were approved by shareholders by overwhelming majorities. Investors backed the adoption of the audited financial statements for the year ended 30 June 2025, granted the board wide-ranging mandates to issue and repurchase shares, approved a final dividend of HK$0.02 per share, re-elected two executive directors and one independent non-executive director, authorised the board to set directors’ pay and re-appointed Ernst & Young LLP as auditor. Shareholders also passed a special resolution to adopt a third amended and restated memorandum and articles of association, giving the board a refreshed constitutional framework and broad authority to implement the changes, underscoring strong shareholder support for the company’s governance and capital management flexibility.

The most recent analyst rating on (HK:9998) stock is a Hold with a HK$0.40 price target. To see the full list of analyst forecasts on Kwan Yong Holdings Limited stock, see the HK:9998 Stock Forecast page.

Kwan Yong Holdings Secures SGD56.5 Million Nursing Home Project
Nov 28, 2025

Kwan Yong Holdings Limited announced that its subsidiary, Kwan Yong Construction Pte Ltd, has secured a construction contract worth approximately SGD56.5 million from the Ministry of Health of Singapore for the development of a nursing home at Bukit Purmei Avenue. The project is set to begin in December 2025. This contract is part of the company’s regular business activities and is not anticipated to significantly impact its financial metrics for the fiscal year ending June 2026, though the actual revenue may vary from the contract sum.

The most recent analyst rating on (HK:9998) stock is a Buy with a HK$0.50 price target. To see the full list of analyst forecasts on Kwan Yong Holdings Limited stock, see the HK:9998 Stock Forecast page.

Kwan Yong Holdings to Discuss Key Resolutions at Upcoming AGM
Oct 17, 2025

Kwan Yong Holdings Limited has announced its upcoming Annual General Meeting (AGM) scheduled for December 18, 2025, in Singapore. The meeting will address several resolutions, including the adoption of audited financial statements and the authorization for directors to allot, issue, and deal with additional shares. Additionally, the company seeks approval to repurchase its shares, with limits set at 20% for share issuance and 10% for share repurchase. These resolutions aim to provide the company with flexibility in managing its capital structure, potentially impacting its market positioning and shareholder value.

The most recent analyst rating on (HK:9998) stock is a Buy with a HK$0.50 price target. To see the full list of analyst forecasts on Kwan Yong Holdings Limited stock, see the HK:9998 Stock Forecast page.

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.Date of analysis: Jan 09, 2026