Worldgate Global Logistics Ltd (8292) Fair Value & Analysis

Communication Services · HK · Market cap HK$210M

Below-average quality, and screening another 89% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (HK$0.0170). The favourable scenario is already priced in.
• Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts.
• The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
• A fairly wide model range (HK$0.0085 to HK$0.0170) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$0.0370 – HK$1.12 · fair‑value band HK$0.0085 – HK$0.0170 · the HK$0.1500 price screens above the HK$0.0170 fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Worldgate Global Logistics Ltd (8292) currently trades at HK$0.1500, while our model-based Fair Value estimate is HK$0.0170, implying the stock looks roughly 88.7% overvalued today. The Quality Score stands at 33/100 (below-average quality), in the Communication Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Worldgate Global Logistics Ltd generated revenue of HK$123M at a net margin of -60.4%. Revenue grew 36.8% year over year. Net debt stands at HK$5.6M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.0085 (bear case) to HK$0.0170 (bull case); at HK$0.1500, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 78% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -43% fair-value upside, at -89%, 8292 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Key figures & financial health

Quality Score breakdown

About the company

VSING Limited, an investment holding company, provides logistics solutions in Malaysia, Vietnam, Hong Kong, and the People's Republic of China.

Full company description

VSING Limited, an investment holding company, provides logistics solutions in Malaysia, Vietnam, Hong Kong, and the People's Republic of China. The company operates through four segments: Freight Forwarding and Related Services; Trading of Used Mobile Phones; Interactive Entertainment Technology Platform and Software Business; and Manufacturing and Sale of Plastic Products. It offers air/sea freight forwarding and related services, such as import and export air and sea freight cargo space, customs clearance, local trucking and haulage to and from seaport and customers/warehouses, and other services related to air and sea freight; and trucking, haulage, and warehousing and related services. The company also provides supply chain management services, including pick and pack, distribution, stock and inventory report, security escort, and tracking services. In addition, it engages in the manufacturing and trading of plastic products and accessories for industrial and civil equipment, as well as producing molds related to plastic products; trading of plastic products and accessories; and trading of used mobile phones. VSING Limited was formerly known as Worldgate Global Logistics Ltd and changed its name to VSING Limited in October 2025. The company was founded in 1999 and is headquartered in Puchong, Malaysia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Worldgate Global Logistics Ltd reported revenue of HK$117M in FY2025 versus HK$88.9M in FY2021, a compound +7.1%/yr. Reported net income was −HK$70.7M in FY2025.

8292 screens 89% overvalued. Compare with Netflix, Inc →

Peer Group

Entertainment · 266 stocks

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.

Valuation Multiples vs Entertainment median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.