Sunwah Kingsway Capital Holdings Limited, an investment holding company, provides various financial services in Hong Kong, Mainland China, and internationally.
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It operates through Proprietary Investment, Property Investment, Brokerage and Financing, Corporate Finance and Capital Markets, Asset Management, and Others segments.
The Proprietary Investment segment invests in securities for treasury and liquidity management, as well as in structured deals, including listed and unlisted equities, debt securities, bond funds, and investment funds.
The Property Investment segment invests in properties for rental income and capital appreciation. The Brokerage and Financing segment offers securities, options, funds, futures, and commodities brokerage services; and margin and other financing, factoring, and other related services.
The Corporate Finance and Capital Markets segment provides financial advisory services to corporate clients; and acts as an underwriting and placing agent in the equity capital market.
The Asset Management segment offers asset management and related advisory services to private equity funds and private clients. The Others segment provides management, administrative, and corporate secretarial services, as well as loan financing and office services.
The company also provides management services; and investment advisory services. The company was formerly known as SW Kingsway Capital Holdings Limited and changed its name to Sunwah Kingsway Capital Holdings Limited in September 2011.
Sunwah Kingsway Capital Holdings Limited was founded in 1990 and is headquartered in Central, Hong Kong.
Quality Score breakdown
Overall quality58/100
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Profitability4
How much profit the company makes from its sales and capital
Quality Growth43
Are margins and returns getting better?
Cashflow81
Do the profits arrive as real cash?
Financial strength69
Debt, balance sheet and risk of trouble
Investment100
Does it invest with discipline instead of growing at any price?
Low Volatility67
How calm the share price moves, does not count
Price momentum34
Price momentum of the last 3 to 12 months, does not count
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.21/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+11.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+75.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−19.4%
Start year 2021 (pandemic). Over 10 years: −5.9% a year
Revenue growth 26 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−5.9%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−152.3% (2022) → −24.8% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Capital Markets · 384 stocks
Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score58 · Above median
Profitability
Return on assets−2.4% · Bottom 25%
Net margin (12 months)−47.7% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−88.6% · Bottom 25%
Dividend yield (12 months)8.5% · Top 25%
Balance sheet
Debt / equity0.15× · Above median
Valuation Multiplesvs Capital Markets median · lower = cheaper
Sunwah Kingsway Capital Holdings Ltd has a Quality Score of 58/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Sunwah Kingsway Capital Holdings Ltd (0188)?
Sunwah Kingsway Capital Holdings Ltd reported trailing-twelve-month revenue of about HK$55.8M (latest available figure, as of Nov 1, 2026).
Does Sunwah Kingsway Capital Holdings Ltd pay a dividend?
Sunwah Kingsway Capital Holdings Ltd currently shows a dividend yield of 8.55% relative to its recent price (as of Nov 1, 2026).
What growth is priced into Sunwah Kingsway Capital Holdings Ltd (0188)?
For today's price to be fair in a discounted-cash-flow model, Sunwah Kingsway Capital Holdings Ltd would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -19.4 % per year. As of Nov 1, 2026.
How much growth has Sunwah Kingsway Capital Holdings Ltd (0188) delivered so far?
Over the past 5 years revenue at Sunwah Kingsway Capital Holdings Ltd grew -19.4 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Sunwah Kingsway Capital Holdings Ltd (0188) growing?
The median revenue growth in the sector is +9.6 % a year. That is the yardstick for the growth priced into Sunwah Kingsway Capital Holdings Ltd (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sunwah Kingsway Capital Holdings Ltd (0188)?
The free-cash-flow yield on the price is 6.00 %: that much free cash flow Sunwah Kingsway Capital Holdings Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
How solid is the balance sheet of Sunwah Kingsway Capital Holdings Ltd (0188)?
Balance-sheet figures for Sunwah Kingsway Capital Holdings Ltd (as of Nov 1, 2026): return on equity −4.5%, debt of 0.15 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
Which stocks are comparable to Sunwah Kingsway Capital Holdings Ltd?
From the same area (Financial Services) we also value Morgan Stanley, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
What is the share price of Sunwah Kingsway Capital Holdings Ltd (0188)?
The closing price on Oct 30, 2026 was HK$0.2340. We carry closing prices from our data provider, not a live tick.
Key figures of Sunwah Kingsway Capital Holdings Ltd
How large is the market capitalisation of Sunwah Kingsway Capital Holdings Ltd (0188)?
The market capitalisation of Sunwah Kingsway Capital Holdings Ltd is HK$178M (≈ $22.7M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Sunwah Kingsway Capital Holdings Ltd (0188)?
The price-to-sales ratio of Sunwah Kingsway Capital Holdings Ltd is 3.03 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sunwah Kingsway Capital Holdings Ltd (0188)?
Earnings per share at Sunwah Kingsway Capital Holdings Ltd are HK$−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sunwah Kingsway Capital Holdings Ltd (0188)?
The dividend yield of Sunwah Kingsway Capital Holdings Ltd is 8.5%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Sunwah Kingsway Capital Holdings Ltd (0188)?
The net margin of Sunwah Kingsway Capital Holdings Ltd is −44.9% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Sunwah Kingsway Capital Holdings Ltd (0188)?
The return on equity (ROE) of Sunwah Kingsway Capital Holdings Ltd is −4.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Sunwah Kingsway Capital Holdings Ltd (0188)?
On an EBIT basis the return on assets of Sunwah Kingsway Capital Holdings Ltd is −3.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Sunwah Kingsway Capital Holdings Ltd (0188)?
The operating margin of Sunwah Kingsway Capital Holdings Ltd is −746% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sunwah Kingsway Capital Holdings Ltd (0188)?
Revenue at Sunwah Kingsway Capital Holdings Ltd is growing −88.6% versus a year earlier (3y avg +75.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Sunwah Kingsway Capital Holdings Ltd (0188)?
Earnings per share at Sunwah Kingsway Capital Holdings Ltd are growing +8.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Sunwah Kingsway Capital Holdings Ltd (0188) hold?
Sunwah Kingsway Capital Holdings Ltd holds more cash than debt, HK$86.4M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 1, 2026