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Pinestone Capital Ltd
(0804)
Pinestone Capital Ltd (0804) vs. iShares MSCI Hong Kong ETF (EWH)
Pinestone Capital Ltd Business Overview & Revenue Model
Pinestone Capital Ltd Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 25.49M | 20.29M | 19.56M | 24.91M | 31.81M |
| Gross Profit | 25.08M | 18.60M | 19.47M | 22.95M | 23.69M |
| EBITDA | -30.66M | -22.47M | -47.16M | -3.13M | -17.22M |
| Net Income | -31.67M | -24.39M | -41.47M | -4.93M | -18.83M |
Balance Sheet | |||||
| Total Assets | 154.87M | 176.01M | 169.94M | 199.30M | 228.30M |
| Cash, Cash Equivalents and Short-Term Investments | 15.93M | 23.39M | 30.14M | 45.58M | 67.44M |
| Total Debt | 23.74M | 622.00K | 1.59M | 2.51M | 1.75M |
| Total Liabilities | 16.50M | 5.98M | 5.47M | 7.58M | 31.65M |
| Stockholders Equity | 138.37M | 170.04M | 164.48M | 191.72M | 196.66M |
Cash Flow | |||||
| Free Cash Flow | -686.00K | -35.69M | -28.87M | -19.45M | 67.60M |
| Operating Cash Flow | -686.00K | -35.69M | -28.87M | -18.89M | 67.65M |
| Investing Cash Flow | -6.15M | 10.00K | 221.00K | -399.00K | -51.00K |
| Financing Cash Flow | -631.00K | 28.94M | 13.21M | -2.00M | -29.94M |
Pinestone Capital Ltd Technical Analysis
Pinestone Capital Ltd Peers Comparison
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% | |
55 Neutral | HK$189.43M | ― | -21.71% | ― | 50.60% | -12.96% | |
51 Neutral | HK$50.61M | ― | -19.60% | 6.06% | -22.98% | -285.25% | |
50 Neutral | HK$78.31M | ― | -34.27% | ― | -30.21% | -305.00% | |
45 Neutral | HK$49.68M | 47.60 | 0.28% | ― | ― | ― | |
41 Neutral | HK$44.21M | ― | -34.21% | ― | 8.53% | 86.05% | |
38 Underperform | HK$61.67M | ― | -14.26% | ― | 2126.94% | 36.49% |
Pinestone Capital Ltd Corporate Events
Pinestone Capital Limited successfully completed a Rights Issue, raising approximately HK$60.7 million in gross proceeds. The company plans to allocate the net proceeds of around HK$57.6 million towards applying for a virtual asset license, enhancing its margin financing and money lending services, and improving general working capital. The Rights Issue and subsequent placing were fully subscribed, indicating strong market interest and support for the company’s financial strategies.
The most recent analyst rating on (HK:0804) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Pinestone Capital Ltd stock, see the HK:0804 Stock Forecast page.
Pinestone Capital Ltd has announced key findings from an independent investigation concerning a loan agreement with Capital Realm Financial Holdings Group Limited, which has become a substantial shareholder of the company. The investigation revealed that the loan should have been classified as a connected transaction under the Listing Rules, leading to the suspension of duties for Mr. Shi Zhu, a former non-executive Director. The company has demanded full repayment of the loan and established an independent investigation committee to address the incident and potential regulatory breaches.
The most recent analyst rating on (HK:0804) stock is a Hold with a HK$3.00 price target. To see the full list of analyst forecasts on Pinestone Capital Ltd stock, see the HK:0804 Stock Forecast page.
Pinestone Capital Ltd, incorporated in the Cayman Islands, has announced a major transaction involving the acquisition of a target company. The acquisition, valued at HK$40 million, will be satisfied through the issuance of 13,986,014 new shares, which will represent approximately 22.96% of the company’s enlarged share capital. This acquisition will result in the target company becoming a wholly-owned subsidiary, with its financial results consolidated into Pinestone Capital’s financial statements. The transaction is subject to shareholder approval and compliance with Hong Kong’s listing rules, and an extraordinary general meeting will be convened for this purpose.
Pinestone Capital Ltd announced the results of its Rights Issue, revealing that approximately 57.6% of the offered Rights Shares were subscribed through valid applications. The company has arranged to place the remaining unsubscribed shares to potential buyers, with any net gain from this placement to be distributed among certain shareholders. The Rights Issue is proceeding on a non-underwritten basis, and any shares not placed will result in a reduced issue size, impacting the company’s capital raising efforts.
Pinestone Capital Limited announced its unaudited interim results for the six months ending June 30, 2025, revealing a revenue increase of 58% to HK$16.9 million compared to the previous year. Despite the revenue growth, the company reported a net loss of HK$3.7 million, primarily due to increased compliance, professional, and agency fees, which significantly raised operating expenses. Consequently, the directors have decided not to recommend any interim dividend for this period.
Pinestone Capital Limited has announced a delay in the dispatch of prospectus documents related to its Rights Issue, initially scheduled for August 28, 2025, now postponed to September 2, 2025. The revised timetable impacts various key dates for shareholders, including the first day of dealings in nil-paid Rights Shares and the latest time for acceptance and payment, potentially affecting stakeholders’ planning and investment strategies.
Pinestone Capital Limited has issued a profit warning, indicating an expected net loss of up to HK$4.0 million for the first half of 2025, significantly higher than the HK$0.8 million loss recorded in the same period of 2024. The increase in net loss is attributed to rising compliance, professional, and agency fees, leading to higher operating expenses. Shareholders and potential investors are advised to exercise caution when dealing with the company’s shares.
Pinestone Capital Limited announced the successful passing of all proposed resolutions at their Extraordinary General Meeting held on August 14, 2025. The key resolutions included a share consolidation and a rights issue, which were approved by shareholders. The rights issue, which will increase the company’s issued shares by more than 50%, was passed without any shareholder abstentions, indicating strong support and compliance with Hong Kong’s Listing Rules. This development is expected to impact the company’s capital structure and market positioning positively.
Pinestone Capital Limited announced the postponement of its Extraordinary General Meeting (EGM) due to severe weather conditions in Hong Kong. The meeting, originally scheduled for August 14, 2025, will be rescheduled depending on the status of weather warnings. All resolutions and proxy forms remain valid, and the company will update shareholders on any changes to the timetable for proposed corporate actions if necessary.
Pinestone Capital Limited has announced a board meeting scheduled for August 28, 2025, to discuss several key matters including the approval of unaudited interim results for the first half of 2025, potential interim dividend payments, and other corporate actions. This meeting is significant as it will determine the company’s financial disclosures and potential shareholder returns, impacting its market positioning and stakeholder interests.
Pinestone Capital Limited has announced an extraordinary general meeting to discuss and potentially approve a share consolidation and rights issue. The proposed share consolidation will convert every twenty existing shares into one consolidated share, while the rights issue aims to issue new shares to existing shareholders at a set subscription price. This move is intended to streamline the company’s share structure and raise additional capital, potentially impacting its market positioning and offering new opportunities for stakeholders.
Pinestone Capital Limited has announced a change in the address of its headquarters and principal place of business in Hong Kong, effective from July 28, 2025. This move is part of the company’s strategic operational adjustments, potentially impacting its logistical operations and stakeholder engagements in the region.