SEHK:532

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Wong's Kong King International (Holdings)

Executive Summary

Wong's Kong King International (Holdings) Limited, an investment holding company, trades in and distributes chemicals, materials, and equipment for use in the manufacture of printed circuit boards and electronic products.


Snowflake Analysis

Flawless balance sheet and undervalued.

Share Price & News

How has Wong's Kong King International (Holdings)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 532 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

532

3.3%

HK Electronic

5.0%

HK Market


1 Year Return

-33.3%

532

1.0%

HK Electronic

-5.3%

HK Market

Return vs Industry: 532 underperformed the Hong Kong Electronic industry which returned 0.5% over the past year.

Return vs Market: 532 underperformed the Hong Kong Market which returned -6.5% over the past year.


Shareholder returns

532IndustryMarket
7 Day0%3.3%5.0%
30 Day5.3%4.5%4.0%
90 Day-10.4%-14.8%-4.0%
1 Year-32.4%-33.3%3.0%1.0%-1.9%-5.3%
3 Year-12.2%-26.8%-22.1%-27.8%-0.5%-10.9%
5 Year-10.9%-31.0%13.1%-1.6%-9.0%-23.5%

Price Volatility Vs. Market

How volatile is Wong's Kong King International (Holdings)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Wong's Kong King International (Holdings) undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 532 (HK$0.6) is trading below our estimate of fair value (HK$16.34)

Significantly Below Fair Value: 532 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 532 is good value based on its PE Ratio (6.8x) compared to the Electronic industry average (8.7x).

PE vs Market: 532 is good value based on its PE Ratio (6.8x) compared to the Hong Kong market (9.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 532's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 532 is good value based on its PB Ratio (0.3x) compared to the HK Electronic industry average (0.7x).


Next Steps

Future Growth

How is Wong's Kong King International (Holdings) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.6%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Wong's Kong King International (Holdings) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Wong's Kong King International (Holdings) performed over the past 5 years?

12.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 532 has high quality earnings.

Growing Profit Margin: 532's current net profit margins (1.2%) are lower than last year (1.6%).


Past Earnings Growth Analysis

Earnings Trend: 532's earnings have grown by 12% per year over the past 5 years.

Accelerating Growth: 532's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 532 had negative earnings growth (-21.6%) over the past year, making it difficult to compare to the Electronic industry average (-4.3%).


Return on Equity

High ROE: 532's Return on Equity (4.1%) is considered low.


Next Steps

Financial Health

How is Wong's Kong King International (Holdings)'s financial position?


Financial Position Analysis

Short Term Liabilities: 532's short term assets (HK$2.8B) exceed its short term liabilities (HK$1.7B).

Long Term Liabilities: 532's short term assets (HK$2.8B) exceed its long term liabilities (HK$26.4M).


Debt to Equity History and Analysis

Debt Level: 532's debt to equity ratio (39.5%) is considered satisfactory.

Reducing Debt: 532's debt to equity ratio has reduced from 44% to 39.5% over the past 5 years.

Debt Coverage: 532's debt is well covered by operating cash flow (77.4%).

Interest Coverage: 532's interest payments on its debt are well covered by EBIT (5.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Wong's Kong King International (Holdings)'s current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 532's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 532's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 532's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 532's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 532 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 532's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

24.3yrs

Average board tenure


CEO

Edward Tsui (72yo)

5.25yrs

Tenure

HK$7,300,000

Compensation

Mr. Ying-Chun Tsui, also known as Edward, has been Chief Executive Officer of Wong's Kong King International (Holdings) Limited since March 1, 2015. Mr. Tsui serves as Director of Taiwan Kong King Co.,Ltd  ...


CEO Compensation Analysis

Compensation vs Market: Edward's total compensation ($USD941.83K) is above average for companies of similar size in the Hong Kong market ($USD226.43K).

Compensation vs Earnings: Edward's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Zhong Tong Wong
Executive Chairman30.25yrsHK$12.87m28.49% HK$124.7m
Ying-Chun Tsui
CEO, Group President & Executive Director5.25yrsHK$7.30m1.04% HK$4.5m
Shu-Chan Ho
CFO & Executive Director30.25yrsHK$6.77m0.53% HK$2.3m
Man-Hang Kwong
Executive Director24.33yrsHK$6.96m0.74% HK$3.2m
Jui Shum Chang
Executive Director2.75yrsHK$3.72m0.021% HK$92.4k
Xian Zhi Wong
Executive Director2.75yrsHK$1.54mno data
Hung-Ying Liao
President & Director of Taiwan Kong King Co Limitedno datano datano data
Masato Watanabe
President & Representative Director of WKK Japan Limited11.17yrsno datano data
Chuen-Hau Yeung
GM & Director of WKK China Limitedno datano datano data
Lup-Keung Wong
GM of Sales & Project Management Dept of WKK Technology Ltd and Director of WKK Technology Ltdno datano datano data

24.3yrs

Average Tenure

71yo

Average Age

Experienced Board: 532's board of directors are seasoned and experienced ( 24.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 532 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Wong's Kong King International (Holdings) Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Wong's Kong King International (Holdings) Limited
  • Ticker: 532
  • Exchange: SEHK
  • Founded: 1975
  • Industry: Electronic Manufacturing Services
  • Sector: Tech
  • Market Cap: HK$437.669m
  • Shares outstanding: 729.45m
  • Website: https://www.wkkintl.com

Number of Employees


Location

  • Wong's Kong King International (Holdings) Limited
  • Harbourside HQ
  • 17th Floor
  • Kowloon Bay
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992

Biography

Wong's Kong King International (Holdings) Limited, an investment holding company, trades in and distributes chemicals, materials, and equipment for use in the manufacture of printed circuit boards and electronic products. It operates in two segments, Trading and Manufacturing. The company is involved in trading and distributing of plastic and industrial products, semi-conductors equipment, electronics components, printed circuit boards, and other related products; trading, distributing, and installing of turnkey production facilities; and designing, producing, and testing of electronics components. It also manufactures and sells electrical and electronic products for original equipment manufacturers; and film and plastic products. In addition, the company provides marketing, engineering, travel ticketing, and maintenance and after sales services. It operates in North America, Europe, Hong Kong, Mainland China, Taiwan, and internationally. Wong’s Kong King International (Holdings) Limited was founded in 1975 and is headquartered in Kowloon Bay, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 06:35
End of Day Share Price2020/06/04 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.