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2199.HK — HKEX Apparel & Accessories

2199.Hk

HK$1,84
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Mcap
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P/E
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EV / Rev
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Div yield
5,49 %
Op margin
6,8 %
ROE
5,8 %
Net margin
2,3 %
Debt / equity
1,38
Beta
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52w range
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Volume
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Day range
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Prev close
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Open
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Next earnings
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Ex-dividend
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TR 1Y
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About

The company operates in the Apparel & Accessories industry, generating revenue primarily through the design, production, and sale of clothing and related accessories.

Business. The company operates in the Apparel & Accessories industry, generating revenue primarily through the design, production, and sale of clothing and related accessories.

Classification92 %
SectorConsumer Cyclicals
Business sectorCyclical Consumer Products
IndustryApparel & Accessories
Generated · model-assisted
Sell-side consensus
BUY2 analysts
2 buy0 hold0 sell
Avg 12m price target4,69

Analyst recommendations

2 analysts · consensus Buy
Buy2
Hold0
Sell0
12-month price target
4,69
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
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not yet scored
Valuation
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valuation pending
Analysts→
Buy
2 analysts · indicative
Ownership
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not yet wired
Profitability→
5,8 %
return on equity
Quality
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not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 2199.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary · THIS SECTOR+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to 2199.HK. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    The company operates in the Apparel & Accessories industry, generating revenue primarily through the design, production, and sale of clothing and related accessories.

    Classification92 %
    SectorConsumer Cyclicals
    Business sectorCyclical Consumer Products
    IndustryApparel & Accessories
    AI synthesis
    GENERATED

    The company maintains a debt-to-equity ratio of 1.38, indicating a moderate reliance on debt financing, and a current ratio of 1.81, suggesting reasonable short-term liquidity. However, the negative net cash position after subtracting total debt raises concerns about its ability to meet long-term obligations without additional financing.

    Profitability metrics show a return on equity of 5.81% and a return on assets of 2.07%, both below the industry median for Apparel & Accessories firms. This suggests the company is underperforming in terms of capital efficiency and asset utilization.

    The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic downturns and shifts in consumer demand.

    Looking ahead, the company is projected to see a modest growth in revenue, with a year-over-year increase of approximately 2.5% in the current fiscal year. However, the outlook for the next fiscal year remains uncertain due to macroeconomic headwinds and competitive pressures.

    The risk assessment highlights a medium liquidity risk and a low dilution risk. The company has not issued additional shares in the past year, and no dilutive events are currently anticipated. However, the negative net cash position may necessitate future equity or debt financing, which could dilute existing shareholders.

    Recent filings and transcripts indicate that the company is focusing on cost optimization and supply chain efficiency to improve margins. No major strategic shifts or new product launches have been disclosed in the latest investor communications.

    Key takeaways
    • The company has a moderate debt load and a current ratio above 1.8, indicating manageable short-term liquidity.
    • Return on equity and return on assets are below industry medians, suggesting underperformance in capital efficiency.
    • Revenue is concentrated in a single segment with no geographic diversification, increasing exposure to regional risks.
    • The company is projected to see modest revenue growth in the current fiscal year, but the outlook for the next year is uncertain.
    • Liquidity risk is medium, and dilution risk is low, though the negative net cash position may require future financing.

    Bull / Bear case

    analysis pipeline
    — missing data

    In focus — financials by report

    Valuation

    Market price
    HK$1,84
    Market cap
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    Enterprise valueⓘ
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    P/Eⓘ
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    Non-GAAP P/Eⓘ
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    EV / Revenueⓘ
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    EV / Op incomeⓘ
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    EV / OCFⓘ
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    P / Bⓘ
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    P / Tangible bookⓘ
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    Tangible book
    HK$3.16B
    Net cashⓘ
    -HK$4.37B
    Current ratioⓘ
    1.8
    Debt / equityⓘ
    1.4
    ROAⓘ
    2.1%
    ROEⓘ
    5.8%
    Cash conversionⓘ
    650.0%
    CapEx / revenueⓘ
    -5.4%
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution2 analysts
    Strong buy1
    Buy1
    Hold0
    Sell0
    Strong sell0
    12-month price targetHK$4,69 · Median HK$4,69
    Low HK$2,38High HK$7,00

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    LowHK$2,38
    MeanHK$4,69
    MedianHK$4,69
    HighHK$7,00
    SpotHK$1,84
    +154.9 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin6,8 %Above median
    Net Margin2,4 %Below median
    ROE5,8 %Above median
    Capex / Rev-5,4 %Bottom quartile
    D/E1,38Bottom quartile
    Cash Conv6,50Best in class

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Capex To Revenue
      capital_expenditure / revenue
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    Source documents
    • 2199.HK Market data — financials · 2026-05-26
    • Regina Miracle International (Holdings) Ltd Market data — analyst estimates · 2026-05-26

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    2199.HKCanonical
    HKEX · HKD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage