Taung Gold International Limited (0621) AI Stock Analysis

• Market Cap: HK$871.27M
• Dividend Yield: N/A
• Average Volume (3M): 7.25M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.07
• Revenue Growth: N/A
• EPS Growth: -25.51%
• Country: HK
• Employees: 24
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 1,815,147,200
• 10 Day Avg. Volume: 6,849,398
• 30 Day Avg. Volume: 7,250,478
• PEG Ratio: -4.10
• Price to Book (P/B): 0.69
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -33.27
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: HK$0.50 ▼(-8.73% Downside)

The score is primarily constrained by extremely weak operating fundamentals (no revenue, ongoing losses, and persistent cash burn), with additional pressure from bearish technical signals (price below key moving averages, negative MACD, very low RSI/Stochastic). A low-debt, equity-supported balance sheet provides some downside resilience but does not offset the lack of sustainable operating performance.

Positive Factors

Balance Sheet Resilience

The company's low leverage reduces solvency risk and financial strain, providing a stable financial base despite ongoing operational challenges.

Comprehensive Income Improvement

The improvement in comprehensive income, driven by exchange gains, indicates resilience and potential for financial stability in volatile markets.

Equity Base Stability

A stable equity base supports financial resilience, providing a buffer against operational losses and enhancing long-term sustainability.

Negative Factors

Zero Revenue

The lack of revenue generation highlights a critical weakness in the business model, limiting the ability to cover costs and achieve profitability.

Project Delays

Delays in the Jeanette Project indicate execution and financing challenges, potentially impacting long-term growth and stakeholder confidence.

Persistent Cash Burn

Consistent negative cash flow indicates a cash-consuming business model, raising concerns about sustainability and the need for external funding.

Taung Gold International Limited Business Overview & Revenue Model

Company Description

Taung Gold International Limited, an investment holding company, engages in the exploration, development, and mining of gold and associated minerals in the Republic of South Africa and Hong Kong. Its flagship properties include the Evander project, which comprises the No. 6 Shaft and adjacent Twistdraai area further to the south located east-south-east of Johannesburg; and Jeanette project situated in the Free State province of South Africa. The company is also involved in trading minerals. Taung Gold International Limited was incorporated in 2004 and is headquartered in Tsuen Wan, Hong Kong.

How the Company Makes Money

Taung Gold International Limited generates revenue through the exploration and mining of gold. Its primary revenue stream comes from the sale of refined gold extracted from its mining operations. The company focuses on projects with high potential yields, investing in advanced mining technology and efficient processing methods to maximize output. Additionally, strategic partnerships with local and international entities can enhance operational capabilities and expand market reach. The company's earnings are further influenced by global gold prices, operational efficiencies, and the successful development of its mining projects.

Taung Gold International Limited Financial Statement Overview

Summary

Taung Gold International Limited faces significant financial hurdles, especially in generating revenue and profits. While the balance sheet remains solid due to low debt and substantial equity, the persistent negative cash and income metrics raise concerns about long-term viability. Strategic improvements in operations and revenue generation are crucial for future stability.

Income Statement

The company has consistently shown zero revenue over the past years, indicative of stalled operations or a lack of sales. Net and gross profit margins cannot be calculated due to zero revenue. EBIT and EBITDA margins are negative, reflecting ongoing operational losses. The lack of revenue growth and negative net income suggest significant financial challenges.

Balance Sheet

The company's balance sheet indicates a strong equity base with a high equity ratio, suggesting financial stability. The debt-to-equity ratio is very low, implying minimal leverage, which reduces financial risk. However, the reduction in stockholders' equity over the recent years may need monitoring.

Cash Flow

The cash flow statement reveals negative free and operating cash flows, highlighting cash outflows exceeding inflows. The free cash flow to net income ratio is unfavorable, indicating inefficiencies in converting profits into cash. Despite this, cash reserves remain significant, providing a buffer against cash flow issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-1.49M	72.00K	-1.51M	-4.84M	-1.23M	-3.06M
EBITDA	-23.34M	-25.54M	-19.16M	-48.70M	68.49M	-662.26M
Net Income	-22.23M	-22.23M	-19.17M	-27.11M	45.15M	-526.23M
Balance Sheet
Total Assets	2.66B	2.66B	2.68B	2.83B	3.44B	3.31B
Cash, Cash Equivalents and Short-Term Investments	65.85M	65.85M	108.87M	136.71M	163.17M	163.14M
Total Debt	369.00K	369.00K	1.79M	282.00K	1.47M	282.00K
Total Liabilities	18.38M	18.38M	27.28M	21.47M	19.68M	22.63M
Stockholders Equity	2.12B	2.12B	2.13B	2.25B	2.74B	2.64B
Cash Flow
Free Cash Flow	-22.45M	-43.91M	-28.68M	-26.93M	-28.93M	-37.39M
Operating Cash Flow	-14.55M	-36.01M	-18.08M	-19.57M	-20.99M	-31.32M
Investing Cash Flow	-3.02M	-5.55M	-10.41M	-5.55M	22.79M	-4.20M
Financing Cash Flow	-732.73K	-1.46M	-1.25M	-1.23M	-1.18M	-1.37M

Taung Gold International Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0621, the sentiment is Negative. The current price of 0.55 is below the 20-day moving average (MA) of 0.60, below the 50-day MA of 0.64, and below the 200-day MA of 0.64, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 32.26 is Neutral, neither overbought nor oversold. The STOCH value of 32.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0621.

Taung Gold International Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6693	76 Outperform	HK$57.64B	17.86	27.28%	0.54%	―	―
3330	74 Outperform	HK$25.10B	18.72	35.84%	1.40%	70.92%	249.45%
0340	68 Neutral	HK$16.93B	28.76	―	0.44%	6.76%	239.14%
1818	64 Neutral	HK$126.04B	48.68	15.17%	0.16%	44.37%	125.87%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
8299	59 Neutral	HK$4.23B	39.06	14.71%	―	59.18%	28.00%
0621	43 Neutral	HK$871.27M	-39.02	-0.99%	―	―	-25.51%

Taung Gold International Limited Corporate Events

Taung Gold Pushes Back Jeanette Project Timetable Amid Financing Talks and EPC Circular Delay

Taung Gold International Limited has announced a further delay in sending a shareholder circular related to a very substantial acquisition involving an engineering, procurement and construction contract for Phase 1 of its Jeanette Gold Project, as the company and its main contractor, MCC, continue to refine the mining plan and financing arrangements. The updated project timetable shows all key phases of the Jeanette Project—financing, mine construction and gold production—pushed back by one year, with financing now targeted between the third quarter of 2025 and the second quarter of 2026, construction from the third quarter of 2026 to end-2028, and production from 2029 to 2050; the company is holding off on costly Basic Design work until firm funding is secured and is simultaneously in discussions with other PRC state-owned contractors, underscoring ongoing uncertainty around project execution and financing that could affect timelines and stakeholder expectations.

Taung Gold Reports Improved Interim Results Amid Exchange Gains

Taung Gold International Limited announced its unaudited consolidated interim results for the six months ended 30 September 2025, reporting a loss of HK$7,990,000, slightly improved from the previous year’s loss of HK$8,539,000. Despite the loss, the company recorded a total comprehensive income of HK$159,719,000 due to favorable exchange differences from foreign operations, which may positively impact stakeholders by demonstrating resilience in challenging market conditions.

Taung Gold International to Announce Interim Results and Dividend Consideration

Taung Gold International Limited has announced that its board of directors will meet on November 27, 2025, to approve the interim results for the six months ending September 30, 2025, and consider declaring an interim dividend. This meeting is significant as it will provide insights into the company’s financial health and potential shareholder returns, impacting its market positioning and stakeholder interests.