Sunwah Kingsway Capital Holdings Limited logo

Sunwah Kingsway Capital Holdings Limited

0188.HK

HKSEFinancial ServicesFinancial - Capital Markets

Latest quote

HK$0.221

+HK$0.001 · +0.45%

Aug 24, 2:27 PM HKTData delayed

0188.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Sunwah Kingsway Capital Holdings Limited, an investment conglomerate, delivers a broad spectrum of financial services across Hong Kong, mainland China, and global markets. Its operations are organized into several core business units. The Proprietary Investment division focuses on strategic investments in various securities, including publicly traded and private equities, debt instruments, and investment funds, for treasury management, liquidity optimization, and participation in structured transactions. The Property Investment segment acquires real estate assets with the dual objective of generating rental income and achieving capital appreciation. Within its Brokerage and Financing arm, the company facilitates trading in securities, options, funds, futures, and commodities, alongside offering margin lending, factoring, and related financial solutions. The Corporate Finance and Capital Markets division furnishes financial advisory expertise to corporate clients and acts as an underwriter and placement agent in the equity capital markets. The Asset Management unit provides comprehensive asset management and advisory services to both private equity funds and individual high-net-worth clients. Lastly, the Others segment encompasses management, administrative support, corporate secretarial services, as well as loan provisions and leasing arrangements. Established in 1990, the company, originally known as SW Kingsway Capital Holdings Limited before its name change in September 2011, maintains its principal office in Central, Hong Kong.

Industry
Financial - Capital Markets
Sector
Financial Services
Headquarters
HK
CEO
Koon Ming Choi
Listed since
Sep 15, 2000
Employees
56

Market position

Day range

Current HK$0.221

52-week range

Current HK$0.221

Open
HK$0.22
Previous close
HK$0.22
Volume
10K
0.09× average
Average volume
105.55K
Average daily volume
Market cap
168.97M HKD
Beta
0.3
Market reference 1
50-day average
HK$0.2374
-6.91% below average
200-day average
HK$0.2479
-10.84% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
178.93M HKD
P/E (TTM)
-21.05×
P/B (TTM)
0.28×
P/S (TTM)
1.78×
EV / EBITDA
-11.73×
Earnings yield
-20.62%
Free cash flow yield
-12.91%
Dividend yield
9.05%

Profitability & efficiency

Gross margin
77.95%
Operating margin
13.72%
Net margin
-8.35%
Return on equity
-5.82%
Return on assets
-2.84%
Return on invested capital
-1.84%

Financial health

Debt / equity
0.1×
Current ratio
5.24×
Altman Z-score
0.51
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends225%-119%-463%-807%Gross margin, FY2020: 46.72%Gross margin, FY2021: 139.06%Gross margin, FY2022: -22.66%Gross margin, FY2023: 39.18%Gross margin, FY2024: 78.14%Operating margin, FY2020: 41.94%Operating margin, FY2021: -152.33%Operating margin, FY2022: -670.59%Operating margin, FY2023: -367.54%Operating margin, FY2024: -44.23%Net margin, FY2020: 18.21%Net margin, FY2021: -170.09%Net margin, FY2022: -720.82%Net margin, FY2023: -369.66%Net margin, FY2024: -68.26%FY2020FY2021FY2022FY2023FY2024
Gross margin FY2020 46.72%. Gross margin FY2021 139.06%. Gross margin FY2022 -22.66%. Gross margin FY2023 39.18%. Gross margin FY2024 78.14%. Operating margin FY2020 41.94%. Operating margin FY2021 -152.33%. Operating margin FY2022 -670.59%. Operating margin FY2023 -367.54%. Operating margin FY2024 -44.23%. Net margin FY2020 18.21%. Net margin FY2021 -170.09%. Net margin FY2022 -720.82%. Net margin FY2023 -369.66%. Net margin FY2024 -68.26%.

Income trends

Revenue

53.35M HKD+248.08%

Operating income

−23.6M HKD+58.11%

Net income

−36.41M HKD+35.73%
Income trends across reported periods199.73M HKD98.56M HKD−2.62M HKD−103.79M HKDRevenue, FY2020: 174.44M HKDRevenue, FY2021: 45.9M HKDRevenue, FY2022: 10.89M HKDRevenue, FY2023: 15.33M HKDRevenue, FY2024: 53.35M HKDOperating income, FY2020: 73.16M HKDOperating income, FY2021: −69.92M HKDOperating income, FY2022: −73.03M HKDOperating income, FY2023: −56.33M HKDOperating income, FY2024: −23.6M HKDNet income, FY2020: 31.76M HKDNet income, FY2021: −78.07M HKDNet income, FY2022: −78.5M HKDNet income, FY2023: −56.65M HKDNet income, FY2024: −36.41M HKDFY2020FY2021FY2022FY2023FY2024
Revenue FY2020 174.44M HKD. Revenue FY2021 45.9M HKD. Revenue FY2022 10.89M HKD. Revenue FY2023 15.33M HKD. Revenue FY2024 53.35M HKD. Operating income FY2020 73.16M HKD. Operating income FY2021 −69.92M HKD. Operating income FY2022 −73.03M HKD. Operating income FY2023 −56.33M HKD. Operating income FY2024 −23.6M HKD. Net income FY2020 31.76M HKD. Net income FY2021 −78.07M HKD. Net income FY2022 −78.5M HKD. Net income FY2023 −56.65M HKD. Net income FY2024 −36.41M HKD.
Metric (HKD)FY2024FY2023FY2022FY2021FY2020
Revenue53.35M HKD15.33M HKD10.89M HKD45.9M HKD174.44M HKD
Cost of goods sold11.66M HKD9.32M HKD2.11M HKD5.1M HKD8.53M HKD
Gross profit41.68M HKD6.01M HKD−2.47M HKD63.83M HKD81.49M HKD
Research and development−6.88 HKD
Selling, general, and administrative65.39M HKD72.44M HKD79.25M HKD106.3M HKD
Operating expenses49.43M HKD65.39M HKD72.44M HKD79.25M HKD106.3M HKD
Interest income14.97M HKD11.52M HKD752K HKD
Interest expense6.87M HKD5.52M HKD1.48M HKD2.85M HKD
Depreciation and amortization8.34M HKD9.56M HKD10.61M HKD11.99M HKD12.4M HKD
Operating income−23.6M HKD−56.33M HKD−73.03M HKD−69.92M HKD73.16M HKD
Net income−36.41M HKD−56.65M HKD−78.5M HKD−78.07M HKD31.76M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.04-0.01-0.06-0.11Q4 '21Q2 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q4 '25
Q4 2021, reported Dec 31, 2021: actual -0.036, estimate —, surprise —, Comparison unavailable. Q2 2022, reported Jun 30, 2022: actual -0.071, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Feb 24, 2023: actual -0.063, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Sep 28, 2023: actual -0.044, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Feb 23, 2024: actual -0.04, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Sep 26, 2024: actual -0.036, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 28, 2025: actual -0.034, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Dec 31, 2025: actual 0.004, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates59.05M37.21M15.37M-6.46MQ4 '21Q2 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q4 '25
Q4 2021, reported Dec 31, 2021: actual 35.9M HKD, estimate —, surprise —, Comparison unavailable. Q2 2022, reported Jun 30, 2022: actual 10M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Feb 24, 2023: actual 455K HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Sep 28, 2023: actual 12.33M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Feb 23, 2024: actual -1.94M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Sep 26, 2024: actual 17.27M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 28, 2025: actual 13.2M HKD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Dec 31, 2025: actual 54.53M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$0.02

2025 complete year-33.3% since 2021

2026 partial: HK$0.01

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Mar 11, 2026

HK$0.01

Semi-Annual

Record Mar 13, 2026 · Payment Mar 27, 2026

Dividend

Ex-dividend Dec 1, 2025

HK$0.01

Semi-Annual

Record Dec 2, 2025 · Payment Jan 22, 2026

Dividend

Ex-dividend Mar 13, 2025

HK$0.01

Semi-Annual

Record Mar 17, 2025 · Payment Mar 28, 2025

Dividend

Ex-dividend Dec 2, 2024

HK$0.01

Semi-Annual

Record Dec 3, 2024 · Payment Jan 23, 2025

Dividend

Ex-dividend Mar 11, 2024

HK$0.01

Semi-Annual

Record Mar 13, 2024 · Payment Mar 28, 2024

Dividend

Ex-dividend Nov 30, 2023

HK$0.01

Semi-Annual

Record Dec 4, 2023 · Payment Jan 25, 2024

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