MaxWin International Holdings Limited logo

MaxWin International Holdings Limited

8513.HK

HKSEHealthcareMedical - Instruments & Supplies

Latest quote

HK$0.305

−HK$0.015 · -4.69%

Aug 18, 3:54 PM HKTData delayed

8513.HK company overview

Historical prices · Market data may be delayed.

Company profile

IAG Holdings Limited functions as an investment holding company, primarily focusing on the manufacturing and sale of injection-molded plastic components for single-use medical devices. The company also provides specialized tooling services, involving the fabrication of molds critical for the injection molding process. Its plastic products encompass both individual parts and assembled sub-components, designed for a variety of medical applications such as respiratory, dialysis, blood bag, drug delivery, and diagnostic equipment. Major clients include prominent multinational medical device corporations based in the United States, Europe, and Japan.

Industry
Medical - Instruments & Supplies
Sector
Healthcare
Headquarters
SG
CEO
Swee Hoe Phua
Listed since
Jan 19, 2018
Employees
94

Market position

52-week range

Current HK$0.305

Open
HK$0.305
Previous close
HK$0.32
Volume
30K
2.24× average
Average volume
13.42K
Average daily volume
Market cap
24.96M HKD
Beta
0.14
Market reference 1
50-day average
HK$0.3693
-17.41% below average
200-day average
HK$0.6748
-54.80% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
17.05M SGD
P/E (TTM)
-6.87×
P/B (TTM)
2.49×
P/S (TTM)
0.22×
EV / EBITDA
28.52×
Earnings yield
-3.94%
Free cash flow yield
1.55%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
16.56%
Operating margin
-1.73%
Net margin
-3.29%
Return on equity
-40.16%
Return on assets
-6.86%
Return on invested capital
-4.74%

Financial health

Debt / equity
1.77×
Current ratio
1.06×
Altman Z-score
-1.16
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 trends29%-8%-46%-83%Gross margin, FY2021: 20.07%Gross margin, FY2022: 6.75%Gross margin, FY2023: -7.98%Gross margin, FY2024: 0.42%Gross margin, FY2025: 16.56%Operating margin, FY2021: -36.10%Operating margin, FY2022: -15.52%Operating margin, FY2023: -50.28%Operating margin, FY2024: -25.03%Operating margin, FY2025: -1.73%Net margin, FY2021: -35.66%Net margin, FY2022: -22.04%Net margin, FY2023: -73.75%Net margin, FY2024: -25.16%Net margin, FY2025: -3.29%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 20.07%. Gross margin FY2022 6.75%. Gross margin FY2023 -7.98%. Gross margin FY2024 0.42%. Gross margin FY2025 16.56%. Operating margin FY2021 -36.10%. Operating margin FY2022 -15.52%. Operating margin FY2023 -50.28%. Operating margin FY2024 -25.03%. Operating margin FY2025 -1.73%. Net margin FY2021 -35.66%. Net margin FY2022 -22.04%. Net margin FY2023 -73.75%. Net margin FY2024 -25.16%. Net margin FY2025 -3.29%.

Income trends

Revenue

18.59M SGD+77.70%

Operating income

−322K SGD+87.70%

Net income

−612K SGD+76.74%
Income trends across reported periods22.46M SGD11.7M SGD935.3K SGD−9.83M SGDRevenue, FY2021: 19.77M SGDRevenue, FY2022: 13.9M SGDRevenue, FY2023: 9.15M SGDRevenue, FY2024: 10.46M SGDRevenue, FY2025: 18.59M SGDOperating income, FY2021: −7.14M SGDOperating income, FY2022: −2.16M SGDOperating income, FY2023: −4.6M SGDOperating income, FY2024: −2.62M SGDOperating income, FY2025: −322K SGDNet income, FY2021: −7.05M SGDNet income, FY2022: −3.06M SGDNet income, FY2023: −6.75M SGDNet income, FY2024: −2.63M SGDNet income, FY2025: −612K SGDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 19.77M SGD. Revenue FY2022 13.9M SGD. Revenue FY2023 9.15M SGD. Revenue FY2024 10.46M SGD. Revenue FY2025 18.59M SGD. Operating income FY2021 −7.14M SGD. Operating income FY2022 −2.16M SGD. Operating income FY2023 −4.6M SGD. Operating income FY2024 −2.62M SGD. Operating income FY2025 −322K SGD. Net income FY2021 −7.05M SGD. Net income FY2022 −3.06M SGD. Net income FY2023 −6.75M SGD. Net income FY2024 −2.63M SGD. Net income FY2025 −612K SGD.
Metric (SGD)FY2025FY2024FY2023FY2022FY2021
Revenue18.59M SGD10.46M SGD9.15M SGD13.9M SGD19.77M SGD
Cost of goods sold15.51M SGD10.42M SGD9.88M SGD13.72M SGD15.8M SGD
Gross profit3.08M SGD44K SGD−730K SGD938K SGD3.97M SGD
Research and development403K SGD559K SGD1.62M SGD291K SGD281K SGD
Selling, general, and administrative3.15M SGD2.79M SGD2.9M SGD2.52M SGD3.63M SGD
Operating expenses3.4M SGD2.66M SGD3.87M SGD2.33M SGD11.11M SGD
Interest expense274.04K SGD167K SGD159K SGD124K SGD241K SGD
Depreciation and amortization333K SGD636K SGD2.2M SGD479K SGD2.51M SGD
Operating income−322K SGD−2.62M SGD−4.6M SGD−2.16M SGD−7.14M SGD
Net income−612K SGD−2.63M SGD−6.75M SGD−3.06M SGD−7.05M SGD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.02

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates-0-0.14-0.27-0.4Q1 '24Q3 '24Q3 '24Q1 '25Q1 '25Q1 '25Q3 '25Q1 '26
Q1 2024, reported Mar 13, 2024: actual -0.36, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Jul 4, 2024: actual -0.069, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 30, 2024: actual -0.069, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 22, 2025: actual -0.042, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 12, 2025: actual -0.04, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual -0.006, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 30, 2025: actual -0.006, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 25, 2026: actual -0.016, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates36.94M27.18M17.42M7.66MQ1 '24Q3 '24Q3 '24Q1 '25Q1 '25Q1 '25Q3 '25Q1 '26
Q1 2024, reported Mar 13, 2024: actual 9.01M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Jul 4, 2024: actual 14.09M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 30, 2024: actual 14.02M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 22, 2025: actual 16.63M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 12, 2025: actual 15.9M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 20.37M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 30, 2025: actual 21.71M HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 25, 2026: actual 34.87M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Stock split

Effective Jan 8, 2026

1:10

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