Analysis of Tsui Wah Holdings (01314.HK) Surge in Hong Kong Stock Market

Tsui Wah Holdings (01314.HK) recently made it to the Hong Kong Stock Surge List on the East Money App [0]. Due to restrictions on accessing real-time price and daily line data, the analysis is mainly based on the company’s interim results announcement released on November 27, 2025 (as of September 30):

1. Performance
   : Total revenue was HK$456.7 million (+1.9% YoY), of which Hong Kong local revenue was HK$274.1 million (+13.3% YoY) and mainland revenue was HK$171.2 million (-12.6% YoY); EBITDA was HK$73.72 million (+5.8% YoY), but net profit was HK$4.9 million (-23.7% YoY), with no interim dividend [1][2][3][4][5].
2. Business Changes
   : The number of restaurants decreased from 72 in 2024 to 70, cash reserves were HK$148 million, current ratio was about 1.0x, and an expansion plan for a new store at Guangzhou Airport was announced [1][2][3][4][5].
3. Market Drivers
   : The East Money App is a mainstream platform for Chinese retail investors. The stock’s popularity may stem from retail investors’ positive response to the Hong Kong business growth, EBITDA improvement, and expansion plan in the results, or it may be a delayed market reaction after the results announcement.

• The recovery of Hong Kong local business is a core highlight, reflecting the company’s enhanced competitiveness in its home market
• The continuous decline in mainland business and reduction in the number of restaurants expose the company’s challenges in cross-regional expansion and operational management
• Retail investor sentiment plays an important role in short-term fluctuations in the Hong Kong stock market, and there is a time lag in the information diffusion of results announcements

: Year-on-year decline in net profit, no interim dividend distribution, hindered expansion in the mainland market, contraction in the number of restaurants
: Recovery trend of Hong Kong business, brand exposure and passenger flow opportunities brought by the new store at Guangzhou Airport
: Short-term rise may be sentiment-driven; long-term performance depends on adjustments to the mainland market strategy and the operational effectiveness of new stores

Tsui Wah Holdings (01314.HK) made it to the Hong Kong Stock Surge List, mainly related to the Hong Kong business growth, EBITDA improvement, and expansion plan in the interim results. The company faces challenges such as declining mainland business, but the performance in the Hong Kong home market and the new store plan provide potential impetus for future development. Due to the lack of real-time price data, continuous observation combined with subsequent operational conditions is needed.

[0] East Money App Hong Kong Stock Surge List Data
[1][2][3][4][5] Tsui Wah Holdings 2025 Interim Results Announcement