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CTF Services Limited (0659.HK)

HKD7.81 -0.05 (-0.64%)
HK HKSE Industrials Engineering & Construction
Address NCB Innovation Centre
Hong Kong, HK
CEO Chi-Ming Cheng
IPO 2003-02-24
ISIN BMG668971101

Explore sections of this company profile

Also trades on Hong Kong Stock Exchange · 0659.HK (HKD) Other OTC · NWSGY (USD) Other OTC · NWSZF (USD)
Description

NWS Holdings Limited, an investment holding entity, primarily focuses on the investment, development, and management of toll road infrastructure across Hong Kong, mainland China, and other international markets. The company's operations are diversified across several key segments: Roads, Aviation, Construction, Insurance, Logistics, Facilities Management, and Strategic Investments. Beyond its core road ventures, NWS Holdings delivers extensive construction services, covering commercial, residential, governmental, and institutional projects. This includes specialized areas like construction management, foundation work, piling, ground investigation, and civil engineering. Furthermore, its portfolio encompasses life, accident, and health insurance products, alongside the leasing of commercial aircraft. The company is also deeply involved in the management and operation of various venues, hosting exhibitions, conventions, meetings, entertainment events, banquets, and catering services. Its retail footprint includes duty-free sales of tobacco, liquor, perfumes, cosmetics, packaged foods, and general merchandise. Complementary services extend to property agency, management, consultancy, financing, carpark management, and general management consultation. Established in 1997 and based in Central, Hong Kong, the company was initially named Pacific Ports Co Limited before adopting its current identity, NWS Holdings Limited, in January 2003. NWS Holdings Limited functions as a subsidiary of New World Development Company Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
HKD7.81 -0.05 (-0.64%)
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Volume Profile
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Liquidity & share structure
Average Volume
1M
Beta
0.46
Float Shares
1.17B
Free Float %
25.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.12% -3.12% -0.74% -9.73% +6.46% +7.74% +22.09% +33.39% +1.51% -27.95% +583.90%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
7.81
DCF (Unlevered) 64.38 +724.4%
DCF (Levered) 10.44 +33.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 3 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.72
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
3 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Engineering & Construction: +6.7%
    -8.1% Q4'25: -8.2% (vs Q4'23)
  • EPS growth Engineering & Construction: +20.8%
    +1.9% Q4'25: +11.5% (vs Q4'23)
  • FCF margin FCF growth · Engineering & Construction: +51.6%
    +32.2% Q4'25: -1.1% (vs Q4'23)
  • EBIT margin Engineering & Construction: +7.0%
    +34.8% Q4'25: +23.5% (vs Q4'23)
  • ROIC Engineering & Construction: +6.4%
    +14.5% Q4'25: +22.4% (vs Q4'23)
  • Share dilution Engineering & Construction: +0.0%
    +11.5% Q4'25: +16.1% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Engineering & Construction: -0.38×
    3.57× Q4'25: 2.37× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.47) × ERP
WACC = 50% × Ke + 50% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 64.86 Current price: 7.81
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Jun 2015
actual
Jun 2016
actual
Jun 2017
actual
Jun 2018
actual
Jun 2019
actual
Jun 2020
actual
Jun 2021
actual
Jun 2022
actual
Jun 2023
actual
Jun 2024
actual
Jun 2025
actual
Jun 2026
3 Rev. Ana.
2 EPS Ana.
Jun 2027
3 Rev. Ana.
2 EPS Ana.
Jun 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
24.49B
est: 24.00B (+2.1%)
29.50B
est: 28.49B (+3.5%)
31.39B
est: 36.15B (-13.2%)
35.11B
est: 34.49B (+1.8%)
26.83B
est: 30.78B (-12.8%)
22.61B
est: 29.70B (-23.9%)
28.20B
est: 29.09B (-3.1%)
31.14B
est: 29.73B (+4.7%)
27.12B
est: 33.15B (-18.2%)
26.42B
est: 37.36B (-29.3%)
24.29B
est: 26.45B (-8.2%)
25.21B
24.59B – 25.90B
-4.7% YoY
26.26B
25.74B – 26.97B
+4.2% YoY
27.44B
26.83B – 28.19B
+4.5% YoY
EBITDA
3.31B
est: 5.26B (-37.0%)
3.43B
est: 6.25B (-45.1%)
3.70B
est: 7.92B (-53.3%)
4.15B
est: 7.56B (-45.1%)
6.73B
est: 6.75B (-0.2%)
2.83B
est: 6.51B (-56.5%)
3.97B
est: 6.38B (-37.7%)
5.38B
est: 6.52B (-17.5%)
4.53B
est: 7.27B (-37.6%)
5.42B
est: 22.53B (-75.9%)
9.96B
est: 15.95B (-37.5%)
15.21B
14.83B – 15.62B
-4.7% YoY
15.84B
15.53B – 16.27B
+4.2% YoY
16.55B
16.19B – 17.00B
+4.5% YoY
EBIT
5.60B
est: 3.61B (+54.9%)
6.16B
est: 4.29B (+43.8%)
6.72B
est: 5.44B (+23.6%)
7.12B
est: 5.19B (+37.2%)
5.25B
est: 4.63B (+13.4%)
1.27B
est: 4.47B (-71.6%)
1.69B
est: 4.38B (-61.4%)
3.13B
est: 4.48B (-30.0%)
2.85B
est: 4.99B (-42.8%)
3.66B
est: 20.83B (-82.4%)
8.46B
est: 14.75B (-42.7%)
14.06B
13.71B – 14.45B
-4.7% YoY
14.65B
14.36B – 15.04B
+4.2% YoY
15.31B
14.97B – 15.72B
+4.5% YoY
Net Income
4.48B
est: 3.50B (+28.1%)
4.91B
est: 3.32B (+47.8%)
5.63B
est: 4.12B (+36.5%)
6.07B
est: 3.87B (+57.0%)
4.23B
est: 3.68B (+14.8%)
536.50M
est: 1.11B (-51.8%)
1.70B
est: 2.75B (-38.4%)
2.17B
est: 2.54B (-14.7%)
2.06B
est: 2.10B (-1.9%)
2.54B
est: 2.83B (-10.0%)
2.36B
est: 2.74B (-13.7%)
3.04B
2.93B – 3.16B
+11.1% YoY
3.17B
3.08B – 3.25B
+4.0% YoY
3.09B
3.00B – 3.20B
-2.3% YoY
SGA
1.01B
est: 1.59B (-36.3%)
1.10B
est: 1.89B (-41.7%)
1.29B
est: 2.40B (-46.1%)
1.47B
est: 2.29B (-36.0%)
1.58B
est: 2.04B (-22.6%)
2.37B
est: 1.97B (+20.3%)
2.78B
est: 1.93B (+43.9%)
3.21B
est: 1.97B (+62.5%)
1.23B
est: 2.20B (-44.0%)
1.14B
est: 2.48B (-54.0%)
1.02B
est: 1.76B (-42.2%)
1.67B
1.63B – 1.72B
-4.7% YoY
1.74B
1.71B – 1.79B
+4.2% YoY
1.82B
1.78B – 1.87B
+4.5% YoY
EPS
1.19
est: 0.80 (+49.0%)
1.29
est: 0.76 (+69.9%)
1.46
est: 0.94 (+55.0%)
1.56
est: 0.88 (+76.7%)
1.08
est: 0.84 (+28.3%)
0.03
est: 0.25 (-90.1%)
0.30
est: 0.63 (-52.3%)
0.36
est: 0.58 (-38.0%)
0.37
est: 0.48 (-22.8%)
0.53
est: 0.65 (-17.9%)
0.54
est: 0.63 (-13.7%)
0.70
0.67 – 0.72
+11.1% YoY
0.72
0.70 – 0.74
+4.0% YoY
0.71
0.69 – 0.73
-2.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B+ 3/5 4/5 3/5 3/5 1/5 3/5 4/5
2026-05-28 B+ 3/5 4/5 3/5 3/5 1/5 3/5 4/5
2026-05-27 B+ 3/5 4/5 3/5 3/5 1/5 3/5 4/5
2026-05-26 B+ 3/5 4/5 3/5 3/5 1/5 3/5 4/5
2026-05-22 B+ 3/5 4/5 3/5 3/5 1/5 3/5 4/5
2026-05-21 B+ 3/5 4/5 3/5 3/5 1/5 3/5 4/5
2026-05-20 B+ 3/5 4/5 3/5 3/5 1/5 3/5 4/5
2026-05-19 B+ 3/5 4/5 3/5 3/5 1/5 3/5 4/5
2026-05-18 B+ 3/5 4/5 3/5 3/5 1/5 3/5 4/5
2026-05-15 B+ 3/5 4/5 3/5 3/5 1/5 4/5 4/5
2026-05-14 B+ 3/5 4/5 3/5 3/5 1/5 4/5 4/5
2026-05-13 B+ 3/5 4/5 3/5 3/5 1/5 4/5 4/5
2026-05-12 B+ 3/5 4/5 3/5 3/5 1/5 4/5 4/5
2026-05-11 B+ 3/5 4/5 3/5 3/5 1/5 4/5 4/5
2026-05-08 B+ 3/5 4/5 3/5 3/5 1/5 4/5 4/5
2026-05-07 B+ 3/5 4/5 3/5 3/5 1/5 4/5 4/5
2026-05-06 B+ 3/5 4/5 3/5 3/5 1/5 4/5 4/5
2026-05-05 B+ 3/5 4/5 3/5 3/5 1/5 4/5 4/5
2026-05-04 B+ 3/5 4/5 3/5 3/5 1/5 4/5 4/5
2026-04-30 B+ 3/5 4/5 3/5 3/5 1/5 4/5 4/5
2026-04-29 B+ 3/5 4/5 2/5 4/5 1/5 4/5 4/5
2026-04-28 B+ 3/5 4/5 2/5 4/5 1/5 4/5 4/5
2026-04-27 B+ 3/5 4/5 2/5 4/5 1/5 4/5 4/5
2026-04-24 B+ 3/5 4/5 2/5 4/5 1/5 4/5 4/5
2026-04-23 B+ 3/5 4/5 2/5 4/5 1/5 3/5 4/5
2026-04-22 B+ 3/5 4/5 2/5 4/5 1/5 3/5 4/5
2026-04-21 B+ 3/5 4/5 2/5 4/5 1/5 3/5 4/5
2026-04-20 B+ 3/5 4/5 2/5 4/5 1/5 3/5 4/5
2026-04-17 B+ 3/5 4/5 2/5 4/5 1/5 3/5 4/5
2026-04-16 B+ 3/5 4/5 2/5 4/5 1/5 3/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
6.65B
OE per share TTM
1.70
Owner's Yield
18.51%
Maintenance CapEx ratio
42.51%
Maint CapEx / Avg PPE
13.1%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 85 ETFs in our universe

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
660.6K
Shares Outstanding
4.57B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Chi-Ming Cheng Group Co-CEO & Executive Director 18M male
Chi Hang FCPA Group Co-CEO & Executive Director 18M male
Chi Leong Cheng Executive Director 13M male
Kar-Shun Cheng Executive Chairman of the Board 12M
Jim Lam Group Chief Operating & Financial Officer and Executive Director 12M male
Wai Yau Tang Group General Counsel & Company Secretary male
Yuk Har Lee Managing Director of Hong Kong Convention & Exhibition Centre (Management) Limited female
Kin Wah Chan Director & President of CTF Logistics Holdings Limited male
Oi-ling Ngai Head of Group ESG female
Sze Wai Fun Head of Group Investor Relations female
Tat Chi Chu Managing Director of Hip Hing Construction Company Limited male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits