K Wah International Holdings (0173) AI Stock Analysis

• Market Cap: HK$5.39B
• Dividend Yield: 6.93%
• Average Volume (3M): 1.90M
• Price to Earnings (P/E): 16.1
• Beta (1Y): 0.65
• Revenue Growth: 17.77%
• EPS Growth: -58.48%
• Country: HK
• Employees: 793
• Sector: Real Estate
• Sector Strength: 76
• Industry: Real Estate - Development
• EPS (TTM): 0.11
• Shares Outstanding: 3,152,728,500
• 10 Day Avg. Volume: 1,433,469
• 30 Day Avg. Volume: 1,900,736
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.36
• Price to Cash Flow (P/CF): N/A
• P/FCF Ratio: 0.00
• 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: HK$2.33
• Price Target Upside: 38.55% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

The overall stock score of 44 reflects the company's declining financial performance, particularly in revenue and profitability, alongside weak technical indicators. Although the valuation is somewhat attractive due to a reasonable P/E ratio and high dividend yield, these factors are outweighed by the financial challenges and bearish technical signals.

Positive Factors

Development Income

Good visibility of near-term development income is supported by enthusiastic sales proceeds and a strong order book.

Project Pipeline

A robust project pipeline is expected to help unlock value for the company.

Negative Factors

Dividend Reduction

Final DPS fell 44% to HKD0.05.

Housing Demand

Any deterioration in housing demand in Hong Kong and China could drag its development earnings and share price performance.

Profit Decline

FY24 underlying profit more than halved to HKD361m on lower development earnings and higher property provisions.

K Wah International Holdings Business Overview & Revenue Model

Company Description

K Wah International Holdings Limited (0173) is a Hong Kong-based investment holding company engaged primarily in property development and investment. The company operates across several sectors, including property development, property investment, and hospitality, with a focus on residential, commercial, and hospitality properties in Hong Kong, Mainland China, and Singapore. K Wah International Holdings aims to provide high-quality property developments with innovative designs and sustainable features.

How the Company Makes Money

K Wah International Holdings makes money primarily through the development and sale of residential and commercial properties. The company's revenue model is heavily reliant on the successful development and sale of its real estate projects. In addition to property sales, K Wah International Holdings generates income from property leasing, where it earns rental income from its portfolio of investment properties. The company's hospitality segment also contributes to its earnings, with revenue coming from the operation of hotels and serviced apartments. Significant partnerships and joint ventures with other real estate developers and investment entities also play a role in expanding its project portfolio and market presence, thereby contributing to its overall revenue.

K Wah International Holdings Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
19.10B	6.10B	8.79B	16.22B	11.73B	10.65B
	Gross Profit
6.04B	2.02B	2.67B	5.56B	5.99B	5.66B
	EBIT
5.36B	1.41B	2.09B	4.90B	5.47B	5.10B
	EBITDA
5.21B	1.75B	2.22B	5.15B	4.86B	5.08B
	Net Income Common Stockholders
3.66B	802.16M	1.37B	3.35B	3.27B	3.15B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
8.86B	8.09B	8.82B	9.30B	9.65B	6.76B
	Total Assets
72.51B	72.51B	76.64B	78.50B	81.75B	74.56B
	Total Debt
15.19B	15.19B	14.95B	19.00B	25.05B	20.45B
	Net Debt
7.69B	8.77B	6.29B	10.86B	17.38B	15.07B
	Total Liabilities
27.41B	27.41B	29.99B	33.28B	36.93B	34.44B
	Stockholders Equity
42.33B	42.33B	43.86B	43.90B	43.58B	38.89B
Cash Flow		Free Cash Flow
6.60B	676.98M	6.74B	7.56B	805.79M	4.33B
	Operating Cash Flow
6.61B	713.95M	6.75B	7.57B	812.43M	4.33B
	Investing Cash Flow
1.41B	-589.66M	-1.12B	-372.51M	-2.49B	-7.36B
	Financing Cash Flow
-7.06B	-463.37M	-4.55B	-6.88B	3.71B	1.03B

K Wah International Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.68
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0173, the sentiment is Negative. The current price of 1.68 is below the 20-day moving average (MA) of 1.78, below the 50-day MA of 1.82, and below the 200-day MA of 1.77, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 38.50 is Neutral, neither overbought nor oversold. The STOCH value of 36.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0173.

K Wah International Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0177	81 Outperform	$76.06B	9.09	13.63%	5.54%	49.52%	9.63%
0016	71 Outperform	HK$207.34B	11.90	2.88%	5.30%	20.91%	-29.29%
0012	63 Neutral	$102.64B	16.30	1.94%	8.99%	3.52%	-32.01%
Sector *	59 Neutral	$2.72B	11.51	0.06%	8679.44%	5.30%	-16.91%
0173	44 Neutral	HK$5.39B	16.09	0.81%	6.93%	17.77%	-58.48%

K Wah International Holdings Corporate Events

K. Wah International Holdings Reports 2024 Annual Results with Strategic Focus on Growth

K. Wah International Holdings Limited reported its annual results for the year ended December 31, 2024, with a consolidated revenue of HK$7,187 million and a total attributable revenue of HK$8,426 million. The company achieved an underlying profit of HK$361 million and a profit attributable to equity holders of HK$335 million. Despite a decrease in profit compared to the previous year, the company maintained a strong financial position with a gearing ratio reduced to 12% and a net asset value per share of HK$12.7. The company plans to cautiously explore opportunities to expand its landbank in key regions, indicating a strategic focus on long-term growth.

K. Wah International Declares Final Dividend for 2024

K. Wah International Holdings Limited announced a final ordinary dividend of HKD 0.05 per share for the financial year ending December 31, 2024. This announcement reflects the company’s commitment to returning value to its shareholders, with the dividend set for payment on July 31, 2025, following shareholder approval in June. The decision underscores the company’s stable financial performance and its strategic focus on maintaining investor confidence.

K. Wah International Announces Key Leadership Appointments

K. Wah International Holdings Limited has announced significant leadership changes effective March 27, 2025. Mr. Francis Lui Yiu Tung has been appointed as the Chairman of the Board, the chairman of the Nomination Committee, and a member of the Remuneration Committee. Additionally, Mrs. Paddy Tang Lui Wai Yu and Mr. Alexander Lui Yiu Wah have been appointed as Co-Managing Directors. The Board expressed confidence that these appointments will positively impact the company’s development and business growth.

K. Wah International Holdings Announces Board Composition and Roles

K. Wah International Holdings Limited has announced the composition of its board of directors and their roles within the company. The board includes executive directors, non-executive directors, and independent non-executive directors, with specific members serving on various board committees such as the Audit, Executive, Nomination, and Remuneration Committees. This announcement is crucial for stakeholders as it outlines the leadership structure and governance, which can impact the company’s strategic direction and operational decisions.

K. Wah International to Announce Annual Results and Dividend Consideration

K. Wah International Holdings Limited has announced a board meeting scheduled for March 27, 2025, to approve the annual results for the year ending December 31, 2024. The meeting will also consider the recommendation of a final dividend or other distribution, which could impact the company’s financial strategy and shareholder returns.