Well, for a Hong Kong action movie of this type, "Red Wolf" was sort of a mixed viewing pleasure on my behalf. I enjoyed most of the movie, but the movie was severely crippled by a horrible dialogue and some really lame attempts to incorporate humor into the movie (talking about the scene with the pile of food on the plate and the scene where the two women were fighting and Lai was resorting to some comic book/childish fighting of sorts).
The story in "Red Wolf" takes place on a boat (yeah, with similarities in plot to a mix of "Speed 2" and "Under Siege"), where security guard Alan (played by Kenny Ho) is left to thwart the plans of some terrorists. However, he gets help from the waitress Lai (played by Christy Chung).
I will say that the plot wasn't all bad. Sure there were holes here and there, but in overall it was enjoyable enough. But the movie had really, really bad dialogue which was at times painful to witness. The fight scenes were actually well executed and choreographed. And there is also a good amount of gunfights in the movie, so there is a little bit of everything for everyone.
The movie was really carried by the performance of Collin Chou (playing the first officer).
Just don't expect too much from this movie, or you might just set yourself up for disappointment. "Red Wolf" doesn't bring anything new or innovating to the Hong Kong action genre. And at times you wonder if this movie is a tribute to certain Hollywood movies; a rip off of certain Hollywood movies, or if it is just a coincidence. I will leave that decision up to the individual viewers.
"Red Wolf" is not amongst the greatest of Hong Kong action movies, and I doubt it will be high on the 'to watch' list of most people, unless really a fan of any on the cast list or if a die-hard fan of Hong Kong cinema. I will say that there are far better action movies from the Hong Kong cinema vault available.