olivLaw · US equity research
Highway Holdings Limited HIHO
Miscellaneous Fabricated Metal Products · SIC 3490 · Vertical: Miscellaneous Fabricated Metal Products (SIC 3490)
Highway Holdings Limited is a contract manufacturer producing metal, plastic and electric parts, subassemblies and finished products for OEM clients, mostly in Europe. Net sales fell 35.2% in fiscal 2026, and the company is reorganising production, moving labour-intensive assembly from Shenzhen to Myanmar amid weak European demand and political instability in Myanmar.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Highway Holdings Limited (HIHO) stock was 0.84 USD (+0.00% on the day), with market capitalisation 3.9 m USD, dividend yield 17.86%, beta 0.20, 52-week range 0.71–1.66 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 53.0
- neutral
- Bollinger (20, 2)
- 0.67 – 0.91
- in the upper half of the band · %B 0.72 · band width 29.7%
- SMA 50 / 200
- 0.86 / 0.89
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.01 / -0.03
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −6.7% | −1.1% | −5.6 pp | — |
| 3 months | −22.9% | −0.5% | −22.5 pp | — |
| 6 months | +3.7% | +4.4% | −0.7 pp | — |
| Year to date | −47.2% | +12.3% | −59.5 pp | — |
| 1 year | −45.1% | +13.5% | −58.6 pp | +9.4% |
| 3 years | −58.4% | +76.4% | −134.8 pp | +80.9% |
| 5 years | −79.5% | +63.7% | −143.2 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14.3 m | 12.6 m | 9.2 m | 12.4 m | 10.2 m | 6.3 m | 7.4 m | 4.8 m |
| Revenue YoY | −25.5% | −12.0% | −27.0% | +34.9% | −17.2% | −38.3% | +17.3% | −35.2% |
| Net income | -630.0 k | 686.0 k | -461.0 k | 443.0 k | -294.0 k | -959.0 k | 106.0 k | -1.5 m |
| Net income YoY | −140.6% | unavailable | −167.2% | unavailable | −166.4% | unavailable | unavailable | −1,537.7% |
| Diluted EPS | -0.17 | 0.18 | -0.12 | 0.11 | -0.07 | -0.22 | 0.02 | -0.33 |
| Diluted EPS YoY | −141.5% | unavailable | −166.7% | unavailable | −163.6% | unavailable | unavailable | −1,750.0% |
| net % | -4.4% | 5.5% | -5.0% | 3.6% | -2.9% | -15.2% | 1.4% | -31.7% |
| Free cash flow | -1.1 m | 351.0 k | -192.0 k | -298.0 k | 717.0 k | 297.0 k | -461.0 k | -1.5 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2026 · 31 Mar 2026
- Cash
- 4.4 m USD
- Financial debt
- 569.0 k USD
- Net debt
- -3.8 m USD
- Equity
- 5.4 m USD
- Total assets
- 11.0 m USD
- Debt / equity
- 0.10x
- Current ratio
- 2.23x
- ROE
- -26.0%
- ROA
- -14.8%
- FCF margin
- -31.5%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 9.2 m | 12.4 m | 10.2 m | 6.3 m | 7.4 m | 4.8 m | SEC (XBRL)· 14 Jul 2026verified |
| Cost of revenue | 6.5 m | 8.6 m | 7.1 m | 4.6 m | 4.9 m | 3.4 m | SEC (XBRL)· 14 Jul 2026verified |
| Gross profit | 2.7 m | 3.8 m | 3.1 m | 1.7 m | 2.5 m | 1.4 m | SEC (XBRL)· 14 Jul 2026verified |
| SG&A | 3.3 m | 3.2 m | 3.6 m | 2.5 m | 3.0 m | 3.5 m | SEC (XBRL)· 14 Jul 2026verified |
| Operating income | -616.0 k | 567.0 k | -477.0 k | -1.6 m | -535.0 k | -2.3 m | SEC (XBRL)· 14 Jul 2026verified |
| Interest expense | — | — | — | — | — | 1.0 k | SEC (XBRL)· 14 Jul 2026verified |
| Pre-tax income | -600.0 k | 568.0 k | -313.0 k | -1.1 m | 147.0 k | -2.0 m | SEC (XBRL)· 14 Jul 2026verified |
| Income tax | -146.0 k | 101.0 k | -20.0 k | -161.0 k | 38.0 k | -486.0 k | SEC (XBRL)· 14 Jul 2026verified |
| Net income | -461.0 k | 443.0 k | -294.0 k | -959.0 k | 106.0 k | -1.5 m | SEC (XBRL)· 14 Jul 2026verified |
| Diluted EPS | -0.12 | 0.11 | -0.07 | -0.22 | 0.02 | -0.33 | SEC (XBRL)· 14 Jul 2026verified |
| Weighted average diluted shares | 4.0 m | 4.2 m | 4.1 m | 4.4 m | 4.4 m | 4.6 m | SEC (XBRL)· 14 Jul 2026verified |
| Dividend per share | 0.18 | 0.17 | 0.20 | 0.20 | 0.15 | — | SEC (XBRL)· 14 Jul 2026verified |
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 7.8 m | 6.0 m | 7.0 m | 6.6 m | 6.0 m | 4.4 m | SEC (XBRL)· 14 Jul 2026verified |
| Receivables | 973.0 k | 2.3 m | 1.9 m | 1.3 m | 1.0 m | 1.0 m | SEC (XBRL)· 14 Jul 2026verified |
| Inventories | 2.2 m | 2.4 m | 1.4 m | 1.6 m | 1.1 m | 1.5 m | SEC (XBRL)· 14 Jul 2026verified |
| Current assets | 11.5 m | 12.3 m | 10.7 m | 9.6 m | 8.6 m | 7.1 m | SEC (XBRL)· 14 Jul 2026verified |
| Property, plant & equipment, net | 833.0 k | 643.0 k | 401.0 k | — | 94.0 k | 389.0 k | SEC (XBRL)· 14 Jul 2026verified |
| Goodwill | — | — | — | — | — | 260.0 k | SEC (XBRL)· 14 Jul 2026verified |
| Intangibles (excl. goodwill) | — | — | — | — | — | 532.0 k | SEC (XBRL)· 14 Jul 2026verified |
| Total assets | 15.5 m | 14.9 m | 13.9 m | 11.3 m | 9.6 m | 11.0 m | SEC (XBRL)· 14 Jul 2026verified |
| Accounts payable | 653.0 k | 828.0 k | 928.0 k | 935.0 k | 613.0 k | 437.0 k | SEC (XBRL)· 14 Jul 2026verified |
| Short-term debt | — | — | — | — | — | 162.0 k | SEC (XBRL)· 14 Jul 2026verified |
| Long-term debt | — | — | — | — | — | 407.0 k | SEC (XBRL)· 14 Jul 2026verified |
| Current liabilities | 4.0 m | 5.2 m | 4.1 m | 3.8 m | 3.1 m | 3.2 m | SEC (XBRL)· 14 Jul 2026verified |
| Total liabilities | 5.7 m | 5.6 m | 5.7 m | 4.7 m | 3.3 m | 5.6 m | SEC (XBRL)· 14 Jul 2026verified |
| Equity | 9.8 m | 9.3 m | 8.2 m | 6.6 m | 6.3 m | 5.4 m | SEC (XBRL)· 14 Jul 2026verified |
| Shares outstanding at year end | 4.0 m | 4.0 m | 4.1 m | 4.4 m | 4.4 m | 4.6 m | SEC (XBRL)· 14 Jul 2026verified |
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -104.0 k | -164.0 k | 809.0 k | 415.0 k | -360.0 k | -1.4 m | SEC (XBRL)· 14 Jul 2026verified |
| Capex | 88.0 k | 134.0 k | 92.0 k | 118.0 k | 101.0 k | 103.0 k | SEC (XBRL)· 14 Jul 2026verified |
| Free cash flow | -192.0 k ≈ | -298.0 k ≈ | 717.0 k ≈ | 297.0 k ≈ | -461.0 k ≈ | -1.5 m ≈ | SEC (XBRL)· 14 Jul 2026derived |
| Investing cash flow | -78.0 k | -1.2 m | 991.0 k | -102.0 k | 232.0 k | -109.0 k | SEC (XBRL)· 14 Jul 2026verified |
| Financing cash flow | -902.0 k | -549.0 k | -920.0 k | -557.0 k | -492.0 k | -25.0 k | SEC (XBRL)· 14 Jul 2026verified |
| Dividends paid | 981.0 k | 569.0 k | 1.0 m | 616.0 k | 492.0 k | — | SEC (XBRL)· 30 Jun 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
- score weight coverage: 50.0% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 3.9 m USD
Key indicators
Coverage and freshness
Score by group
50% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 1.97 – 2.65 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · the base of the ratio is not positive
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)1.97 – 2.65 (Mid 2.26)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 50.0% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | -121.4% | 0 (vs peers) | 21% |
| Net margin · Quality | -31.7% | 0 (vs peers) | 13% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -22.3% | 0 (on a fixed band) | 17% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -2,307.0x | 0 (on a fixed band) | 13% |
| Current ratio · Balance sheet | 2.2x | 100 (on a fixed band) | 8% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -39.0% | 0 (on a fixed band) | 17% |
| Shareholder yield (distributions) · Returns | 12.7% | 100 (on a fixed band) | 13% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet40/100 · 2/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality0/100 · 2/3 factors with a value
- Returns· partial100/100 · 1/2 factors with a value
- Valuation· partial0/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
HIGHWAY HOLDINGS LIMITED (HIHO). Latest full fiscal year: 2026; data up to 2026-03-31.
Figures computed from the financial statements: revenue 4.8 m USD in 2026; YoY growth -35.2%; net margin -31.7%; ROE -27.3%.
The estimated value range is 1.97–2.65 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 2.26 USD, the price of 0.84 USD leaves a potential of 169.2% (value / price − 1) and a margin of safety of 62.8% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 50.0% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 2.2x
- Shareholder yield (distributions): 12.7%
- The price is below the estimated value range
What contradicts it
- ROIC: -121.4%
- Net margin: -31.7%
- Revenue CAGR 3Y: -22.3%
- Interest coverage: -2,307.0x
- FCF yield: -39.0%
Not assessed (insufficient data or a ratio without meaning): FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, Payout ratio (FCF).
Versus the vertical median
Miscellaneous Fabricated Metal Products (SIC 3490) · same industry (4-digit SIC) · compared with 7 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| PHParker-Hannifin Corporation | 114.7 bn | 32.0 | 25.1% | 17.0% | +8.3% | +6% / +110% |
| CRCrane Company | 11.9 bn | 35.4 | 16.2% | 12.4% | +8.2% | +13% / +95% |
| MWAMueller Water Products, Inc. | 3.8 bn | 17.0 | 21.7% | 15.0% | +8.7% | −1% / +81% |
| CXTCrane Nxt, Co. | 3.5 bn | 27.3 | 10.5% | 7.1% | +11.4% | +9% / +20% |
| HLIOHelios Technologies, Inc. | 2.2 bn | 31.2 | 7.7% | 8.0% | unavailable | +24% / +74% |
| ZKINZk International Group Co., Ltd. | 10.6 m | — | -15.1% | -5.6% | −34.2% | −25% / +77% |
| HIHOHighway Holdings Limited | 3.9 m | — | -27.3% | -31.7% | −35.2% | −45% / −58% |
| WTSWatts Water Technologies Inc | — | 30.9 | 18.8% | 14.3% | +8.3% | +28% / +84% |
1- and 3-year price returns: for HIHO from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 14 Jul 2026; since then the company filed 6-K (28 Sept 2026), 6-K (18 Sept 2026), 6-K (11 Aug 2026), 6-K (03 Aug 2026), 6-K (30 Jul 2026), 6-K (24 Jul 2026).
In brief
Highway Holdings Limited is a contract manufacturer producing metal, plastic and electric parts, subassemblies and finished products for OEM clients, mostly in Europe. Net sales fell 35.2% in fiscal 2026 1, and the company is reorganising production, moving labour-intensive assembly from Shenzhen to Myanmar amid weak European demand and political instability in Myanmar 1.
SWOT
Strengths
- The company has rare vertical integration, combining metal stamping, plastics, electronics and tool design, which allows it to deliver complex subassemblies 1.
- Its base of long-standing European customers is substantial, and localisation through the German acquisition could support faster deliveries to them 1.
- Advanced automation in Shenzhen and the production base in Myanmar could reduce labour costs and improve consistency of quality 1.
Weaknesses
- The company reported a net loss in fiscal 2026 and negative operating cash flow, which reduced liquidity 1.
- Dependence on a few large customers is significant, and losing orders from two of them directly affected activity in Myanmar 1.
- Gross margin fell in fiscal 2026 as higher-margin products declined in share, while selling, general and administrative expenses rose 1.
Opportunities
- If the Regent-Feinbau integration succeeds, the company could serve European customers more directly from Germany with closer inventory and faster delivery 1.
- The customer preference for deliveries within Europe could favour expanding German activity if demand recovers 1.
- The market for products for China's ageing population, explored through SilverAge, could become a new revenue source, though this remains uncertain 1.
Threats
- The civil war and political instability in Myanmar can disrupt Yangon operations through interruptions, banking restrictions and staff shortages 1.
- Rising costs, bureaucracy and data rules in China could threaten the viability of operations there, as new regulation may add barriers 1.
- US-China trade tensions could affect orders and costs, even though direct exposure to the US is limited 1.
Risks
- Political instability in Myanmarhigh
The military takeover and civil war in Myanmar can cause interruptions, banking restrictions, currency devaluation and staffing difficulties, and the loss of orders from major customers shows the impact already felt 1.
- Dependence on a few large customershigh
The company relies on a small number of major customers, and reduced orders from two of them can significantly affect volumes and capacity utilisation 1.
- Pressure on marginsmedium
A lower share of higher-margin products reduced gross margin, and rising selling, general and administrative costs could further reduce profitability if revenue does not recover 1.
- Chinese regulationmedium
Changes in labour, environmental, data and overseas listing rules can raise costs and administrative burdens for the Chinese subsidiaries, with possible penalties 1.
- Integration of the German acquisitionmedium
The Regent-Feinbau acquisition carries integration, operational and financial risks, and the expected benefits are not assured, which could affect results if integration is delayed 1.
Investment thesis
What would need to be true (bull case)
- If European demand recovers, the company could regain volume quickly, supported by its vertical integration and its German presence through the Regent-Feinbau acquisition 1.
- Shifting production to more automated and lower-cost operations in Myanmar could reduce costs if the political situation there stabilises 1.
- Long-standing relationships with blue-chip European customers could support new contracts, particularly for complex components and subassemblies 1.
What would break the thesis
- Net losses and negative operating cash flow could force the company to seek external financing if sales do not recover 1.
- If the civil war in Myanmar intensifies, operations in Yangon could be further affected and more customers could move orders elsewhere 1.
- If integration of the German acquisition fails, the expected benefits may not materialise and costs could rise 1.
What to watch
- Development of net sales and European demandQ1 2027
- Integration of Regent-Feinbau and its contribution to sales and margins2027
- Order levels from Myanmar customers and operating conditions in Yangonnext 10-K
- Results and any expansion or discontinuation of the SilverAge initiativenext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 14 Jul 2026; since then the company filed 6-K (28 Sept 2026), 6-K (18 Sept 2026), 6-K (11 Aug 2026), 6-K (03 Aug 2026), 6-K (30 Jul 2026), 6-K (24 Jul 2026).
The business
Highway Holdings Limited is a holding company incorporated in the British Virgin Islands with administrative offices in Hong Kong, producing parts, components and finished products for original equipment manufacturers, from photocopiers and printers to stepping motors and washing machine components 1. Operations run through six subsidiaries, including Nissin PRC in Shenzhen and Kayser Myanmar, 84% owned 1. In March 2026 it acquired 51% of Regent-Feinbau Adermann GmbH in Germany to serve European customers more directly 1.
Shenzhen production is now largely automated, and the China manufacturing workforce was reduced to approximately 40 workers, with facilities there used mainly for design, tooling, engineering and administration 1. Labour-intensive assembly was moved to Yangon, Myanmar, but two major customers significantly reduced orders in fiscal 2026, leading to lower capacity and headcount there 1.
In fiscal 2026 the company formed SilverAge, an exploratory venture testing the market for products and services for elderly people in China, which generated no material revenue and may be scaled back or discontinued 1. The overall strategy is to move from low-margin simple parts toward more complex components and subassemblies with higher margins 1.
Segments
Metal stamping and mechanical OEM
This segment, which makes metal parts and components, accounted for 56.5% of net sales in fiscal 2026, down from 60.7% in fiscal 2025, due to changes in product mix 1.
Other Services (SilverAge)
The newly reported Other Services segment, which includes SilverAge, represented 0.3% of net sales in fiscal 2026 and nil in fiscal 2025, remaining at an early exploratory stage 1.
Market context
The company operates in the third-party contract manufacturing industry, where manufacturers increasingly outsource components and products to independent suppliers for low labour costs, shorter time to market and lower capital investment 1. European customers have consistently made up at least 60% of revenue, and reached 78.8% of net sales in fiscal 2026 1.
The market is crowded, since many other firms operate in Shenzhen and in other low-cost areas of China and Asia, while many European customers prefer deliveries from within Europe, making the German acquisition relevant but also exposing the company to local cost and demand conditions 1.
Trends
- Relocation of production from China to Myanmarmixed
Rising costs and bureaucracy in China led the company to move labour-intensive work to Myanmar, which lowered costs but exposed it to political risk and the loss of orders from major customers 1.
- Localisation of production for European customerstailwind
European customers' preference for deliveries from Europe justified the Regent-Feinbau acquisition, which could allow faster deliveries if integration succeeds, although the company cannot assure the expected benefits 1.
- Weaker demand in Europeheadwind
Net sales declined because of lower demand in Europe amid an uncertain global macroeconomic outlook, directly affecting revenue and profitability 1.
- Chinese data and overseas listing rulesheadwind
New Chinese rules on data security, cross-border transfers and overseas listings could add compliance costs or disrupt operations if authorities deem the company's activities subject to them 1.
Competitive position
The company competes with many manufacturers in Shenzhen, in other low-cost areas of China and in Asia, which could offer lower prices or more favourable cost structures 1. To differentiate, Highway Holdings emphasises vertical integration, combining metal stamping with electronics and plastics, along with quality and engineering capabilities 1.
- Contract manufacturers in Shenzhen and Southeast Asia
The source refers to numerous manufacturers in Shenzhen and other low-cost areas of China and Asia without naming them, which makes a direct cost and capability comparison difficult 1.
- European precision component suppliers
Because European customers prefer deliveries from Europe, local manufacturers in Germany and other European countries compete for the same contracts, though the source does not name them 1.
- Other OEM firms with lower cost structures
The source states that some customers moved orders to external manufacturers with cost structures lower than the company's, without identifying them 1.
- Producers in low-labour-cost regions
Competition from low-labour-cost regions, including Myanmar, has pressured orders for products assembled in Yangon, although the source does not name specific firms 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- ‘It’s kind of a melting pot’: how one US city transformed a highway into a leafy oasisThe Guardian World · 05 Nov 2026 · EN
- The Opening of the new Section of the A-1 Zenica North-Zepce HighwaySarajevo Times (BA, EN) · 04 Nov 2026 · EN
- Gunmen kill 5 Nigerian police officers in ambush on northwest highwayAnadolu Agency (TR, EN) · 03 Nov 2026 · EN
- Hackers hijack Egypt highway billboard and Malaysian screens to show pornHacker News · 31 Oct 2026 · EN
- Supercharged 'molecule highway' membrane that speeds water transport could transform industrial processingPhys.org · 30 Oct 2026 · EN
- The Northern Sea Route Is a Hedge, Not a HighwayModern Diplomacy · 30 Oct 2026 · EN
- 2 helicopters carrying 3 people collide in Oregon, shutting down highwayThe Hindu — International · 30 Oct 2026 · EN
- Hungary to tighten electric scooter regulations in new Highway Code reformDaily News Hungary (HU, EN) · 28 Oct 2026 · EN
- Amazon rainforest cut down to build highway for COP climate summit (2025)Hacker News · 28 Oct 2026 · EN
- Highway thieves are spoofing GPS to steal millions in data center-bound cargoArs Technica — AI · 26 Oct 2026 · EN
- Suspect in shooting death of teen on Missouri highway charged in second road incidentThe Guardian World · 25 Oct 2026 · EN
- Malaysia’s TuJu highway navigation app hit by technical disruptions amid user surgeThe Straits Times — Asia · 22 Oct 2026 · EN
- Moment plane crashes on a busy highway in the USAl Jazeera — World · 20 Oct 2026 · EN
- Russian Drone Strike Near Kyiv-Odesa Highway Kills 3Kyiv Post · 20 Oct 2026 · EN
- Highway 169 Crash Near Zimmerman Injures TwoSurge — GDELT DOC · 18 Oct 2026 · RO
- 🇺🇦 🇷🇺 ⚡️ — A Ukrainian B-2 drone misses a vehicle on a highway near Melitopol by…Telegram — Intel Slava Z (pro-RU OSINT EN) · 17 Oct 2026 · EN
- Tesla driver says he was asleep and using FSD when he crashed into highway patrol carsThe Verge · 16 Oct 2026 · EN
- A highway instead of a racetrack: Strong coupling of light and sound in an optical fiberPhys.org · 16 Oct 2026 · EN
- Russia’s Battlegroup North takes control of Volchansk-Budarki highway in Kharkov RegionTASS (RU, EN) · 16 Oct 2026 · EN
- A quantum highway just one atom high could transform superconductorsScienceDaily · 16 Oct 2026 · EN
SEC filings
- Current report (foreign issuer)28 Sept 2026
- Current report (foreign issuer)18 Sept 2026
- Current report (foreign issuer)11 Aug 2026
- Current report (foreign issuer)03 Aug 2026
- Current report (foreign issuer)30 Jul 2026
- Current report (foreign issuer)24 Jul 2026
- Current report (foreign issuer)17 Jul 2026
- Annual report (foreign issuer)14 Jul 2026
- Current report (foreign issuer)04 Jun 2026
- Current report (foreign issuer)27 Mar 2026
Sources
- [1] Form 20-F, fiscal year ended 2026-03-31 · SEC / Highway Holdings Limited · 14 Jul 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.