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CTF Services Limited

0659.HK

HKSEIndustrialsEngineering & Construction

Latest quote

HK$8.135

+HK$0.235 · +2.97%

Aug 24, 3:18 PM HKT

0659.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

NWS Holdings Limited, an investment holding entity, primarily focuses on the investment, development, and management of toll road infrastructure across Hong Kong, mainland China, and other international markets. The company's operations are diversified across several key segments: Roads, Aviation, Construction, Insurance, Logistics, Facilities Management, and Strategic Investments. Beyond its core road ventures, NWS Holdings delivers extensive construction services, covering commercial, residential, governmental, and institutional projects. This includes specialized areas like construction management, foundation work, piling, ground investigation, and civil engineering. Furthermore, its portfolio encompasses life, accident, and health insurance products, alongside the leasing of commercial aircraft. The company is also deeply involved in the management and operation of various venues, hosting exhibitions, conventions, meetings, entertainment events, banquets, and catering services. Its retail footprint includes duty-free sales of tobacco, liquor, perfumes, cosmetics, packaged foods, and general merchandise. Complementary services extend to property agency, management, consultancy, financing, carpark management, and general management consultation. Established in 1997 and based in Central, Hong Kong, the company was initially named Pacific Ports Co Limited before adopting its current identity, NWS Holdings Limited, in January 2003. NWS Holdings Limited functions as a subsidiary of New World Development Company Limited.

Industry
Engineering & Construction
Sector
Industrials
Headquarters
HK
CEO
Chi-Ming Cheng
Listed since
Feb 24, 2003
Employees
10,400

Market position

Day range

Current HK$8.135

52-week range

Current HK$8.135

Open
HK$7.90
Previous close
HK$7.90
Volume
2.87M
2.11× average
Average volume
1.36M
Average daily volume
Market cap
37.14B HKD
Beta
0.46
Market reference 1
50-day average
HK$7.9105
+2.84% above average
200-day average
HK$8.1694
-0.42% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
45.05B HKD
P/E (TTM)
15.06×
P/B (TTM)
0.93×
P/S (TTM)
1.49×
EV / EBITDA
4.52×
Earnings yield
7.96%
Free cash flow yield
15.43%
Dividend yield
7.74%

Profitability & efficiency

Gross margin
27.70%
Operating margin
23.46%
Net margin
9.73%
Return on equity
5.93%
Return on assets
1.37%
Return on invested capital
1.57%

Financial health

Debt / equity
0.97×
Current ratio
3.12×
Altman Z-score
0.71
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends21%14%7%0%Gross margin, FY2021: 13.45%Gross margin, FY2022: 11.33%Gross margin, FY2023: 19.18%Gross margin, FY2024: 14.90%Gross margin, FY2025: 16.27%Operating margin, FY2021: 2.10%Operating margin, FY2022: 10.06%Operating margin, FY2023: 10.52%Operating margin, FY2024: 13.86%Operating margin, FY2025: 13.31%Net margin, FY2021: 6.02%Net margin, FY2022: 6.97%Net margin, FY2023: 7.59%Net margin, FY2024: 9.62%Net margin, FY2025: 9.74%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 13.45%. Gross margin FY2022 11.33%. Gross margin FY2023 19.18%. Gross margin FY2024 14.90%. Gross margin FY2025 16.27%. Operating margin FY2021 2.10%. Operating margin FY2022 10.06%. Operating margin FY2023 10.52%. Operating margin FY2024 13.86%. Operating margin FY2025 13.31%. Net margin FY2021 6.02%. Net margin FY2022 6.97%. Net margin FY2023 7.59%. Net margin FY2024 9.62%. Net margin FY2025 9.74%.

Income trends

Revenue

24.29B HKD-8.09%

Operating income

3.23B HKD-11.74%

Net income

2.36B HKD-6.99%
Income trends across reported periods34.19B HKD21.97B HKD9.76B HKD−2.46B HKDRevenue, FY2021: 28.2B HKDRevenue, FY2022: 31.14B HKDRevenue, FY2023: 27.12B HKDRevenue, FY2024: 26.42B HKDRevenue, FY2025: 24.29B HKDOperating income, FY2021: 593.2M HKDOperating income, FY2022: 3.13B HKDOperating income, FY2023: 2.85B HKDOperating income, FY2024: 3.66B HKDOperating income, FY2025: 3.23B HKDNet income, FY2021: 1.7B HKDNet income, FY2022: 2.17B HKDNet income, FY2023: 2.06B HKDNet income, FY2024: 2.54B HKDNet income, FY2025: 2.36B HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 28.2B HKD. Revenue FY2022 31.14B HKD. Revenue FY2023 27.12B HKD. Revenue FY2024 26.42B HKD. Revenue FY2025 24.29B HKD. Operating income FY2021 593.2M HKD. Operating income FY2022 3.13B HKD. Operating income FY2023 2.85B HKD. Operating income FY2024 3.66B HKD. Operating income FY2025 3.23B HKD. Net income FY2021 1.7B HKD. Net income FY2022 2.17B HKD. Net income FY2023 2.06B HKD. Net income FY2024 2.54B HKD. Net income FY2025 2.36B HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue24.29B HKD26.42B HKD27.12B HKD31.14B HKD28.2B HKD
Cost of goods sold20.33B HKD22.49B HKD40.01B HKD27.61B HKD24.41B HKD
Gross profit3.95B HKD3.94B HKD5.2B HKD3.53B HKD3.79B HKD
Selling, general, and administrative1.02B HKD1.14B HKD1.23B HKD3.21B HKD2.78B HKD
Operating expenses718.9M HKD273.3M HKD714.1M HKD3.21B HKD3.2B HKD
Interest income3.55B HKD3.27B HKD2.51B HKD1.85B HKD1.65B HKD
Interest expense1.47B HKD1.2B HKD938.2M HKD760.1M HKD838.7M HKD
Depreciation and amortization1.51B HKD1.76B HKD1.68B HKD2.25B HKD2.28B HKD
Operating income3.23B HKD3.66B HKD2.85B HKD3.13B HKD593.2M HKD
Net income2.36B HKD2.54B HKD2.06B HKD2.17B HKD1.7B HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.29

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.330.230.120.02Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q3 2022, reported Sep 30, 2022: actual 0.02, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Feb 23, 2023: actual 0.218, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Sep 29, 2023: actual 0.22, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Feb 27, 2024: actual 0.203, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Sep 25, 2024: actual 0.27, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 26, 2025: actual 0.264, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 24, 2025: actual 0.24, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 26, 2026: actual 0.29, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates54.06B39.47B24.88B10.29BQ3 '22No estimateQ1 '23No estimateQ3 '23MissQ1 '24MissQ3 '24MissQ1 '25No estimateQ3 '25No estimateQ1 '26No estimate
Q3 2022, reported Sep 30, 2022: actual 14.83B HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Feb 23, 2023: actual 17.57B HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Sep 29, 2023: actual 27.64B HKD, estimate 50.95B HKD, surprise -45.74%, Miss. Q1 2024, reported Feb 27, 2024: actual 13.98B HKD, estimate 48.71B HKD, surprise -71.30%, Miss. Q3 2024, reported Sep 25, 2024: actual 12.44B HKD, estimate 29.92B HKD, surprise -58.42%, Miss. Q1 2025, reported Feb 26, 2025: actual 12.11B HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 24, 2025: actual 12.18B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 26, 2026: actual 12.83B HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$0.8955

2025 complete year+66.9% since 2021

2026 partial: HK$0.28

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Mar 18, 2026

HK$0.28

Quarterly

Record Mar 19, 2026 · Payment Apr 9, 2026

Dividend

Ex-dividend Nov 20, 2025

HK$0.385

Annual

Record Nov 21, 2025 · Payment Dec 23, 2025

Dividend

Ex-dividend Mar 19, 2025

HK$0.60

Special

Record Mar 20, 2025 · Payment Apr 9, 2025

Dividend

Ex-dividend Nov 26, 2024

HK$0.35

Annual

Record Nov 27, 2024 · Payment Dec 18, 2024

Dividend

Ex-dividend Mar 8, 2024

HK$2.3254

Special

Record Mar 11, 2024 · Payment Apr 19, 2024

Dividend

Ex-dividend Nov 14, 2023

HK$0.31

Annual

Record Nov 15, 2023 · Payment Dec 7, 2023

0659.HK peers

ETFs holding 0659.HK

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

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