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Pinestone Capital Ltd
(0804)
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Rating:54Neutral
Price Target:
HK$9.00
▲(154.24% Upside)
Action:Reiterated
Date:08/05/26
The score is primarily constrained by weak financial performance—ongoing net losses and renewed cash burn in 2025—despite a strong, low-debt balance sheet. Technicals are a positive (clear uptrend with strong momentum), but overbought indicators raise near-term risk. Valuation is also a headwind given the negative P/E and lack of dividend yield data.
Positive Factors
Conservative balance sheet
Very low leverage and rising equity provide durable financial flexibility to fund operations, absorb losses, or pursue strategic investments without immediate refinancing needs. This capital buffer reduces bankruptcy and liquidity risk over the next several months, supporting a potential turnaround.
Negative Factors
Persistent net losses
Multi-year losses indicate the business has not yet converted revenue into sustainable profits. Persistent negative net income erodes retained earnings and weakens long-term return prospects, meaning operational improvements must be sustained to restore shareholder value over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and rising equity provide durable financial flexibility to fund operations, absorb losses, or pursue strategic investments without immediate refinancing needs. This capital buffer reduces bankruptcy and liquidity risk over the next several months, supporting a potential turnaround.
Read all positive factors
Pinestone Capital Ltd (0804) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$526.26M
Dividend YieldN/A
Average Volume (3M)41.20K
Price to Earnings (P/E)―
Beta (1Y)1.38
Revenue Growth12.81%
EPS Growth66.15%
CountryHK
Employees25
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)-0.34
Shares Outstanding60,910,010
10 Day Avg. Volume80,290
30 Day Avg. Volume41,201
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.79
Price to Sales (P/S)5.11
P/FCF Ratio-3.21
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Pinestone Capital Ltd Business Overview & Revenue Model
Company Description
Pinestone Capital Limited functions as an investment holding firm, specializing in delivering tailored financial solutions to both private individuals and corporate entities across Hong Kong. Its diverse range of services includes equity brokerage...
Pinestone Capital Ltd Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
72
Positive
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 30.23M | 25.09M | 19.57M | 19.56M | 24.97M |
| Gross Profit | 28.00M | 25.08M | 19.52M | 19.47M | 24.91M |
| EBITDA | -11.12M | -30.67M | -22.52M | -47.31M | -3.15M |
| Net Income | -17.34M | -31.67M | -24.39M | -41.47M | -4.93M |
Balance Sheet | |||||
| Total Assets | 208.86M | 154.87M | 176.01M | 169.94M | 199.30M |
| Cash, Cash Equivalents and Short-Term Investments | 41.81M | 16.37M | 23.80M | 30.14M | 45.58M |
| Total Debt | 1.86M | 0.00 | 622.00K | 1.59M | 2.51M |
| Total Liabilities | 13.21M | 16.50M | 5.98M | 5.47M | 7.58M |
| Stockholders Equity | 195.66M | 138.37M | 170.04M | 164.48M | 191.72M |
Cash Flow | |||||
| Free Cash Flow | -48.17M | -686.00K | -35.69M | -28.87M | -19.45M |
| Operating Cash Flow | -48.17M | -686.00K | -35.69M | -28.87M | -18.89M |
| Investing Cash Flow | -300.00K | -6.15M | 10.00K | 221.00K | -399.00K |
| Financing Cash Flow | 74.36M | -631.00K | 28.94M | 13.21M | -2.00M |
Pinestone Capital Ltd Technical Analysis
Positive
3.54
Price Trends
4.11
Positive
3.88
Positive
3.74
Positive
Market Momentum
1.43
Negative
80.31
Negative
83.71
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0804, the sentiment is Positive. The current price of 3.54 is below the 20-day moving average (MA) of 4.98, below the 50-day MA of 4.11, and below the 200-day MA of 3.74, indicating a bullish trend. The MACD of 1.43 indicates Negative momentum. The RSI at 80.31 is Negative, neither overbought nor oversold. The STOCH value of 83.71 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0804.
Pinestone Capital Ltd Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
58 Neutral | HK$181.79M | 85.11 | 3.39% | 1.57% | 5.88% | ― | |
54 Neutral | HK$526.26M | -20.03 | -13.42% | ― | 12.81% | 66.15% | |
49 Neutral | HK$166.73M | -24.12 | -3.91% | ― | 4.13% | -162.50% | |
45 Neutral | HK$241.46M | -6.12 | -20.65% | ― | 13.08% | -11.55% | |
43 Neutral | HK$93.65M | 731.25 | 3.25% | ― | -88.66% | ― | |
43 Neutral | HK$118.77M | -72.73 | -2.93% | ― | 130.87% | 88.89% |
* Financial Sector Average
HK:0804
Pinestone Capital Ltd
9.00
5.89
189.39%
HK:0510
CASH Financial Services Group
0.53
0.13
32.50%
HK:0356
DT Capital Ltd.
0.46
-0.66
-59.01%
HK:6877
CLSA Premium Ltd.
0.09
-0.20
-69.66%
HK:8168
Amasse Capital Holdings Limited
0.08
0.03
50.98%
HK:8439
Somerley Capital Holdings Ltd
1.04
0.71
218.46%
Pinestone Capital Ltd Corporate Events
Pinestone Capital Schedules Board Meeting to Review Interim Results and Dividend
Aug 4, 2026
Pinestone Capital Limited has scheduled a board meeting in Hong Kong on 28 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026. The directors will also consider approving the related results announ...
Pinestone Capital to Raise HK$60 Million via Share Placing for Fintech Expansion
Jul 29, 2026
Pinestone Capital Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates in the financial services industry with a core focus on margin financing and money lending. The group is also planning to expand into virtual asset lic...
Pinestone Capital in Talks for Strategic AI Computing Partnership with Shanghai Fuquan
Jul 28, 2026
Pinestone Capital Limited announced it is in negotiations for a strategic cooperation with Shanghai Fuquan Technology, a high-tech firm specializing in AI inference optimization, heterogeneous computing cluster scheduling, and domestic hardware ec...
Pinestone Capital Faces Temporary Governance Gap After Sweeping Board Changes
Jun 30, 2026
Pinestone Capital Limited, a Cayman-incorporated financial services company listed in Hong Kong, relies on a mix of executive and independent non-executive directors to oversee its operations. Its audit, remuneration and nomination committees play...
Pinestone Capital Confirms Board and Committee Structure
Jun 30, 2026
Pinestone Capital Limited, incorporated in the Cayman Islands and listed in Hong Kong under stock code 804, is governed by a board comprising executive, non-executive and independent non-executive directors. The company’s leadership structur...
Pinestone Shareholders Approve All Resolutions at 2026 AGM
Jun 5, 2026
Pinestone Capital Limited reported that all ordinary resolutions at its 5 June 2026 annual general meeting were approved by shareholders through a poll. The resolutions included receiving and approving the audited consolidated financial statements...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.