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K. Wah International Holdings Limited logo

K. Wah International Holdings Limited

0173.HK

HKSEReal EstateReal Estate - Development

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Latest quote

HK$2.165

+HK$0.05 · +2.36%

Aug 24, 2:15 PM HKT

0173.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

K. Wah International Holdings Limited, an investment holding company, engages in the property development and investment businesses in Hong Kong and Mainland China. The company's property portfolio, including residential developments, office towers, hotels, serviced apartments, and retail premises. It also offers property management services to residential buildings, commercial facilities, office towers, and real estate complexes. In addition, the company provides financial, management, and decoration services. K. Wah International Holdings Limited was incorporated in 1989 and is headquartered in North Point, Hong Kong.

Industry
Real Estate - Development
Sector
Real Estate
Headquarters
HK
CEO
Yiu Tung Lui
Listed since
Feb 6, 1987
Employees
732

Market position

Day range

Current HK$2.165

52-week range

Current HK$2.165

Open
HK$2.115
Previous close
HK$2.115
Volume
715.65K
0.62× average
Average volume
1.15M
Average daily volume
Market cap
6.83B HKD
Beta
0.72
Market reference 1
50-day average
HK$2.0294
+6.68% above average
200-day average
HK$2.2394
-3.32% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
13.89B HKD
P/E (TTM)
-7.9×
P/B (TTM)
0.17×
P/S (TTM)
3.44×
EV / EBITDA
-25.67×
Earnings yield
-13.13%
Free cash flow yield
0.54%
Dividend yield
1.39%

Profitability & efficiency

Gross margin
0.23%
Operating margin
-22.58%
Net margin
-43.79%
Return on equity
-2.17%
Return on assets
-1.32%
Return on invested capital
-0.77%

Financial health

Debt / equity
0.34×
Current ratio
2.38×
Altman Z-score
1.32
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends42%11%-20%-52%Gross margin, FY2021: 34.29%Gross margin, FY2022: 30.34%Gross margin, FY2023: 33.07%Gross margin, FY2024: 18.92%Gross margin, FY2025: 0.23%Operating margin, FY2021: 30.23%Operating margin, FY2022: 23.82%Operating margin, FY2023: 23.10%Operating margin, FY2024: 11.23%Operating margin, FY2025: -22.58%Net margin, FY2021: 20.69%Net margin, FY2022: 15.61%Net margin, FY2023: 13.14%Net margin, FY2024: 4.66%Net margin, FY2025: -43.79%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 34.29%. Gross margin FY2022 30.34%. Gross margin FY2023 33.07%. Gross margin FY2024 18.92%. Gross margin FY2025 0.23%. Operating margin FY2021 30.23%. Operating margin FY2022 23.82%. Operating margin FY2023 23.10%. Operating margin FY2024 11.23%. Operating margin FY2025 -22.58%. Net margin FY2021 20.69%. Net margin FY2022 15.61%. Net margin FY2023 13.14%. Net margin FY2024 4.66%. Net margin FY2025 -43.79%.

Income trends

Revenue

1.99B HKD-72.38%

Operating income

−448.16M HKD−1.26B HKD

Net income

−869.26M HKD−1.2B HKD
Income trends across reported periods17.93B HKD11.09B HKD4.26B HKD−2.58B HKDRevenue, FY2021: 16.22B HKDRevenue, FY2022: 8.79B HKDRevenue, FY2023: 6.1B HKDRevenue, FY2024: 7.19B HKDRevenue, FY2025: 1.99B HKDOperating income, FY2021: 4.9B HKDOperating income, FY2022: 2.09B HKDOperating income, FY2023: 1.41B HKDOperating income, FY2024: 807.38M HKDOperating income, FY2025: −448.16M HKDNet income, FY2021: 3.35B HKDNet income, FY2022: 1.37B HKDNet income, FY2023: 802.16M HKDNet income, FY2024: 335.07M HKDNet income, FY2025: −869.26M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 16.22B HKD. Revenue FY2022 8.79B HKD. Revenue FY2023 6.1B HKD. Revenue FY2024 7.19B HKD. Revenue FY2025 1.99B HKD. Operating income FY2021 4.9B HKD. Operating income FY2022 2.09B HKD. Operating income FY2023 1.41B HKD. Operating income FY2024 807.38M HKD. Operating income FY2025 −448.16M HKD. Net income FY2021 3.35B HKD. Net income FY2022 1.37B HKD. Net income FY2023 802.16M HKD. Net income FY2024 335.07M HKD. Net income FY2025 −869.26M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue1.99B HKD7.19B HKD6.1B HKD8.79B HKD16.22B HKD
Cost of goods sold1.98B HKD5.83B HKD4.08B HKD6.13B HKD10.66B HKD
Gross profit4.54M HKD1.36B HKD2.02B HKD2.67B HKD5.56B HKD
Selling, general, and administrative452.71M HKD552.62M HKD608.64M HKD573.69M HKD658.56M HKD
Operating expenses452.71M HKD552.62M HKD608.64M HKD573.69M HKD658.56M HKD
Interest expense365.07M HKD442.04M HKD349.47M HKD61.03M HKD36.12M HKD
Depreciation and amortization30.07M HKD26.14M HKD30.38M HKD33.23M HKD32.47M HKD
Operating income−448.16M HKD807.38M HKD1.41B HKD2.09B HKD4.9B HKD
Net income−869.26M HKD335.07M HKD802.16M HKD1.37B HKD3.35B HKD

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
-0.28
FY2025 · -354.55% year over year
Latest fiscal-year revenue
1.99B HKD
FY2025 · -72.38% year over year

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend1.210.670.13-0.42FY21FY22FY23FY24FY25

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend17.64B11.95B6.25B561.76MFY21FY22FY23FY24FY25

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.07

2025 complete year-66.7% since 2021

2026 partial: HK$0.01

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jun 23, 2026

HK$0.01

Semi-Annual

Record Jun 25, 2026 · Payment Jul 31, 2026

Dividend

Ex-dividend Sep 8, 2025

HK$0.02

Semi-Annual

Record Sep 9, 2025 · Payment Oct 27, 2025

Dividend

Ex-dividend Jun 23, 2025

HK$0.05

Semi-Annual

Record Jun 24, 2025 · Payment Jul 31, 2025

Dividend

Ex-dividend Sep 9, 2024

HK$0.04

Semi-Annual

Record Sep 10, 2024 · Payment Oct 25, 2024

Dividend

Ex-dividend Jun 17, 2024

HK$0.09

Semi-Annual

Record Jun 18, 2024 · Payment Jul 24, 2024

Dividend

Ex-dividend Sep 12, 2023

HK$0.07

Semi-Annual

Record Sep 13, 2023 · Payment Oct 26, 2023

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ETFs holding 0173.HK

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
3.88M
Weight
0.00%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Vanguard FTSE Emerging Markets ETF logoVanguard FTSE Emerging Markets ETFVWO
Market value
3.73M
Weight
0.00%
AUM
162.3B USD
Expense ratio
0.06%
Price / 1D
$60.45+0.72%
Vanguard Global ex-U.S. Real Estate ETF logoVanguard Global ex-U.S. Real Estate ETFVNQI
Market value
1.37M
Weight
0.03%
AUM
3.9B USD
Expense ratio
0.12%
Price / 1D
$45.71+0.04%
Vanguard FTSE All-World ex-US Small-Cap ETF logoVanguard FTSE All-World ex-US Small-Cap ETFVSS
Market value
1.06M
Weight
0.01%
AUM
13.6B USD
Expense ratio
0.06%
Price / 1D
$160.06+0.43%
Avantis International Small Cap Value ETF logoAvantis International Small Cap Value ETFAVDV
Market value
587.96K
Weight
—
AUM
20.24B USD
Expense ratio
0.36%
Price / 1D
$111.95+1.06%
Vanguard Total World Stock ETF logoVanguard Total World Stock ETFVT
Market value
129.39K
Weight
0.00%
AUM
97.9B USD
Expense ratio
0.06%
Price / 1D
$160.77+0.53%
iShares MSCI China Small-Cap ETF logoiShares MSCI China Small-Cap ETFECNS
Market value
124.63K
Weight
0.19%
AUM
66.48M USD
Expense ratio
0.59%
Price / 1D
$29.37+0.89%
iShares MSCI Emerging Markets Small-Cap ETF logoiShares MSCI Emerging Markets Small-Cap ETFEEMS
Market value
67.73K
Weight
0.02%
AUM
375.88M USD
Expense ratio
0.72%
Price / 1D
$74.72-0.20%

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