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2889 Stock Chart & Stats
HK$119.90
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Market closed
HK$119.90
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Day’s Range― - ―
52-Week RangeHK$96.00 - HK$288.80
Previous CloseN/A
VolumeN/A
Average Volume (3M)258.68K
Market Cap
HK$21.08B
Enterprise ValueHK$22.52B
Total Cash (Recent Filing)HK$1.68B
Total Debt (Recent Filing)HK$2.25B
Price to Earnings (P/E)―
Beta1.52
Next EarningsN/A
EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)N/A
Shares Outstanding82,823,160
10 Day Avg. Volume155,140
30 Day Avg. Volume258,681
Financial Highlights & Ratios
PEG Ratio-0.24
Price to Book (P/B)12.81
Price to Sales (P/S)8.07
P/FCF Ratio-25.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$341.57Price Target Upside184.88% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Accelerating Revenue GrowthThe strong revenue acceleration in 2025 reflects rising OEM and aftermarket demand for its connected-vehicle offerings. Sustained top-line momentum can enable scale, expand product adoption, and build recurring service revenue, improving the odds of eventual margin recovery if costs are controlled.
Improving LeverageThe reduction in leverage from 2023 levels lowers immediate refinancing pressure and modestly improves financial flexibility. Structurally, better balance sheet metrics reduce short-term funding risk and create more room to invest in product development or pursue partnerships without urgent deleveraging.
Integrated Connected-Vehicle PlatformOwning both software and hardware stacks for digital cockpits and telematics creates platform advantages with integration value for automakers. This end-to-end offering supports recurring service contracts, stickier customer relationships and aligns with structural growth in vehicle connectivity and digitalization.
Bears Say
Persistent Cash BurnConsistent negative operating cash flow and a larger free cash flow deficit indicate the business consumes capital faster than it generates, heightening dependence on external financing. Over months this raises execution and survival risk if capital access tightens or funding costs increase.
Widening Losses And Low MarginsWorsening operating losses and persistently low gross margin show scale hasn't produced meaningful cost leverage. Structurally weak margins limit the firm's ability to translate revenue growth into profits and increase the likelihood that sustained funding or structural cost reduction is required.
Negative Returns On EquityConsistently negative ROE and large net losses signal capital destruction and poor returns to shareholders. In the medium term this elevates dilution risk from future equity raises, weakens investor protection against shocks, and undermines long-term capital efficiency.
2889 FAQ
What was PATEO CONNECT Technology (Shanghai) Corporation Class H’s price range in the past 12 months?
PATEO CONNECT Technology (Shanghai) Corporation Class H lowest stock price was HK$96.00 and its highest was HK$288.80 in the past 12 months.
What is PATEO CONNECT Technology (Shanghai) Corporation Class H’s market cap?
PATEO CONNECT Technology (Shanghai) Corporation Class H’s market cap is HK$21.08B.
When is PATEO CONNECT Technology (Shanghai) Corporation Class H’s upcoming earnings report date?
The company’s upcoming earnings report date is not yet available.
How were PATEO CONNECT Technology (Shanghai) Corporation Class H’s earnings last quarter?
Currently, no data Available
Is PATEO CONNECT Technology (Shanghai) Corporation Class H overvalued?
According to Wall Street analysts PATEO CONNECT Technology (Shanghai) Corporation Class H’s price is currently Undervalued.
Does PATEO CONNECT Technology (Shanghai) Corporation Class H pay dividends?
PATEO CONNECT Technology (Shanghai) Corporation Class H does not currently pay dividends.
What is PATEO CONNECT Technology (Shanghai) Corporation Class H’s EPS estimate?
PATEO CONNECT Technology (Shanghai) Corporation Class H’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does PATEO CONNECT Technology (Shanghai) Corporation Class H have?
PATEO CONNECT Technology (Shanghai) Corporation Class H has 82,823,160 shares outstanding.
What happened to PATEO CONNECT Technology (Shanghai) Corporation Class H’s price movement after its last earnings report?
Currently, no data Available
Which hedge fund is a major shareholder of PATEO CONNECT Technology (Shanghai) Corporation Class H?
Currently, no hedge funds are holding shares in HK:2889
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
PATEO CONNECT Technology (Shanghai) Corporation Class H Stock Smart Score
Underperform
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9
10
Analyst Consensus
Moderate Buy
Average Price Target:
HK$341.57 (184.88% Upside)
HK$341.57 (184.88% Upside)
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
41.82%
Trailing 12-Months
Company Description
PATEO CONNECT Technology (Shanghai) Corporation Class H
PATEO CONNECT Technology (Shanghai) Corporation develops smart cockpit solutions, vehicle connectivity support services, and products for OEMs and Tier-1 suppliers in China and Hong Kong. It also develops telematics terminals and cloud platforms. The company offers automotive electronic hardware, operating system software, voice AI and map integration, TSP service operations, PaaS and SaaS cloud services for vehicle payment, communication operations, and the CASE (connected, autonomous, shared, and electric) vehicle business model. smart cockpit solutions products include T-Box, cameras, microphones, speakers, wires, and antennas. vehicle connectivity support services, include user support services which assist OEMs to provide car owners with assistance, and platform maintenance services for vehicle connectivity platforms. The company has a strategic collaboration with Shanghai Jiao Tong University for the development of AI-based operating systems and embodied intelligence technologies. PATEO CONNECT Technology (Shanghai) Corporation was formerly known as Shanghai Pateo Electronic Equipment Manufacturing Co., Ltd. and changed its name to PATEO CONNECT Technology (Shanghai) Corporation in December 2021. PATEO CONNECT Technology (Shanghai) Corporation was founded in 2009 and is based in Shanghai, China.
PATEO CONNECT Technology (Shanghai) Corporation Class H (2889) Earnings & Revenues
2889 Stock 12 Month Forecast
Average Price Target
HK$341.57
▲(184.88% Upside)
Technical Analysis
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