VSING Limited logo

VSING Limited

8292.HK

HKSECommunication ServicesEntertainment

Latest quote

HK$0.154

−HK$0.004 · -2.53%

Aug 21, 3:22 PM HKT

8292.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

VSING Limited operates as an investment holding company, with its primary focus on delivering international freight forwarding and logistics solutions. Its comprehensive service portfolio includes road transportation, distribution, warehousing, cargo management, customs clearance, and end-to-end supply chain oversight. The firm's business is structured across three main divisions: freight forwarding and associated services, the manufacturing and sale of plastic products, and the trade of pre-owned mobile phones. Established on February 18, 2016, the company's headquarters are situated in Puchong, Malaysia.

Industry
Entertainment
Sector
Communication Services
Headquarters
MY
CEO
Kin Chan
Listed since
Jul 6, 2016
Employees
603

Market position

52-week range

Current HK$0.154

Open
HK$0.154
Previous close
HK$0.158
Volume
346K
1.41× average
Average volume
245K
Average daily volume
Market cap
166.06M HKD
Beta
0.64
Market reference 1
50-day average
HK$0.1744
-11.72% below average
200-day average
HK$0.2834
-45.66% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
193.57M MYR
P/E (TTM)
-0.68×
P/B (TTM)
1.16×
P/S (TTM)
0.55×
EV / EBITDA
-35.74×
Earnings yield
-37.61%
Free cash flow yield
-6.99%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
11.49%
Operating margin
-5.82%
Net margin
-69.87%
Return on equity
-116.91%
Return on assets
-74.71%
Return on invested capital
-12.31%

Financial health

Debt / equity
0.19×
Current ratio
1.74×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends19%-10%-39%-68%Gross margin, FY2021: 11.67%Gross margin, FY2022: 9.85%Gross margin, FY2023: 6.54%Gross margin, FY2024: 8.99%Gross margin, FY2025: 10.49%Operating margin, FY2021: -8.74%Operating margin, FY2022: -12.32%Operating margin, FY2023: -10.84%Operating margin, FY2024: -10.45%Operating margin, FY2025: -7.71%Net margin, FY2021: -13.06%Net margin, FY2022: -9.33%Net margin, FY2023: -17.53%Net margin, FY2024: -7.23%Net margin, FY2025: -60.43%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 11.67%. Gross margin FY2022 9.85%. Gross margin FY2023 6.54%. Gross margin FY2024 8.99%. Gross margin FY2025 10.49%. Operating margin FY2021 -8.74%. Operating margin FY2022 -12.32%. Operating margin FY2023 -10.84%. Operating margin FY2024 -10.45%. Operating margin FY2025 -7.71%. Net margin FY2021 -13.06%. Net margin FY2022 -9.33%. Net margin FY2023 -17.53%. Net margin FY2024 -7.23%. Net margin FY2025 -60.43%.

Income trends

Revenue

116.98M MYR+36.86%

Operating income

−9.02M MYR-1.02%

Net income

−70.69M MYR-1043.82%
Income trends across reported periods155.12M MYR73.01M MYR−9.1M MYR−91.22M MYRRevenue, FY2021: 88.93M MYRRevenue, FY2022: 134.6M MYRRevenue, FY2023: 116.35M MYRRevenue, FY2024: 85.47M MYRRevenue, FY2025: 116.98M MYROperating income, FY2021: −7.78M MYROperating income, FY2022: −16.58M MYROperating income, FY2023: −12.61M MYROperating income, FY2024: −8.93M MYROperating income, FY2025: −9.02M MYRNet income, FY2021: −11.62M MYRNet income, FY2022: −12.55M MYRNet income, FY2023: −20.4M MYRNet income, FY2024: −6.18M MYRNet income, FY2025: −70.69M MYRFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 88.93M MYR. Revenue FY2022 134.6M MYR. Revenue FY2023 116.35M MYR. Revenue FY2024 85.47M MYR. Revenue FY2025 116.98M MYR. Operating income FY2021 −7.78M MYR. Operating income FY2022 −16.58M MYR. Operating income FY2023 −12.61M MYR. Operating income FY2024 −8.93M MYR. Operating income FY2025 −9.02M MYR. Net income FY2021 −11.62M MYR. Net income FY2022 −12.55M MYR. Net income FY2023 −20.4M MYR. Net income FY2024 −6.18M MYR. Net income FY2025 −70.69M MYR.
Metric (MYR)FY2025FY2024FY2023FY2022FY2021
Revenue116.98M MYR85.47M MYR116.35M MYR134.6M MYR88.93M MYR
Cost of goods sold104.71M MYR77.79M MYR108.74M MYR121.33M MYR78.55M MYR
Gross profit12.27M MYR7.69M MYR7.61M MYR13.26M MYR10.38M MYR
Selling, general, and administrative23.37M MYR16.54M MYR21.49M MYR22.64M MYR17.71M MYR
Operating expenses21.29M MYR16.62M MYR20.23M MYR22.48M MYR17.71M MYR
Interest income112.01K MYR538K MYR863K MYR239K MYR212K MYR
Interest expense649.3K MYR494K MYR508K MYR761K MYR904K MYR
Depreciation and amortization3.61M MYR1.7M MYR2.87M MYR3.45M MYR3.88M MYR
Operating income−9.02M MYR−8.93M MYR−12.61M MYR−16.58M MYR−7.78M MYR
Net income−70.69M MYR−6.18M MYR−20.4M MYR−12.55M MYR−11.62M MYR

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 estimates0.040-0.03-0.07Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q3 '25
Q3 2023, reported Aug 12, 2023: actual -0.01, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 11, 2023: actual -0.009, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 27, 2024: actual -0.028, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 7, 2024: actual -0.008, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 7, 2024: actual -0.008, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 8, 2024: actual 0, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 27, 2025: actual 0, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 18, 2025: actual -0.003, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates59.5M48.88M38.27M27.66MQ3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q3 '25
Q3 2023, reported Aug 12, 2023: actual 40.83M HKD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 11, 2023: actual 52.91M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 27, 2024: actual 57.21M HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 7, 2024: actual 29.95M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 7, 2024: actual 29.95M HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 8, 2024: actual 45.33M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 27, 2025: actual 42.81M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 18, 2025: actual 51.73M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Dividend

Ex-dividend Sep 8, 2017

HK$0.002

Quarterly

Dividend

Ex-dividend May 31, 2017

HK$0.005

Quarterly

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