2178.HK
SellFallen FavouritePetro-king Oilfield Services Limited · Energy · China · $70M · Avg Vol: $98K/d
Fallen Favourite: A good business that is expensive and falling. Wait for the price to catch up.
ABOUT PETRO-KING OILFIELD SERVICES LIMITED
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Petro-king Oilfield Services Limited provides high-end oilfield services, including drilling, completion, and production enhancement, primarily to major Chinese oil companies. The company's competitive moat is its advanced technical capabilities in high-pressure, high-temperature (HPHT) and deep-water oilfield operations. It is a leading independent oilfield services provider in China with a growing international footprint in the Middle East and Central Asia.
FINANCIAL SUMMARY (HKD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM |
|---|---|---|---|---|---|---|
| Revenue | 313.8M | 314.8M | 292.4M | 267.9M | -5.1% | 209.9M |
| EPS (HKD) | -0.02 | -0.04 | -0.01 | 0.01 | — | — |
| Shares | 1.7B | 1.7B | 1.7B | 1.7B | 0.0% | 1.7B |
| Debt | 231.1M | 190.0M | 148.6M | 143.1M | -14.8% | 127.4M |
| Equity | 256.0M | 186.8M | 172.8M | 201.6M | -7.7% | — |
| Op CF | 19.1M | -28.7M | 19.2M | 35.3M | 22.8% | 35.3M |
| Inv CF | 27.2M | 43.6M | 15.5M | -3.2M | — | — |
| Fin CF | -28.5M | -29.5M | -42.7M | -5.2M | — | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Energy, ranked by industry match, size, and score similarity. Cross-listings of 2178.HK are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| 2178.HK | Petro-king Oilfield Services Limited(you) | $70M | 24 | Sell |
| LSE | Leishen Energy Holding Co., Ltd. | $94M | 26 | Sell |
| STAK | STAK Inc. | $178M | 25 | Sell |
| 3303.HK | Jutal Offshore Oil Services Limited | $121M | 12 | Strong Sell |
| 0196.HK | Honghua Group Limited | $117M | 8 | Strong Sell |
| 0568.HK | Shandong Molong Petroleum Machinery Company Limited | $428M | 9 | Strong Sell |
| 688377.SS | Nanjing Develop Advanced Manufacturing Co., Ltd. | $590M | 12 | Strong Sell |
| 300471.SZ | Houpu Clean Energy Group Co., Ltd. | $698M | 12 | Strong Sell |
| 000852.SZ | Sinopec Oilfield Equipment Corporation | $757M | 13 | Strong Sell |
| 1921.HK | Dalipal Holdings Limited | $589M | 3 | Strong Sell |
Peer medians: ROE 5.9% · P/E 17.8x · Gross margin 23.0%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.