Pinestone Capital Ltd (HK:0804)
:0804
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Pinestone Capital Ltd
(0804)
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Rating:51Neutral
Price Target:
HK$3.50
▼(-1.13% Downside)
Action:Reiterated
Date:05/03/26
The score is primarily constrained by weak financial performance—ongoing net losses and volatile/negative cash flow—despite a strong, low-debt balance sheet. Technicals are moderately supportive with the stock trading above key moving averages and neutral momentum. Valuation remains challenged due to the loss-making P/E and no stated dividend yield.
Positive Factors
Conservative balance sheet, very low debt
The company's very low debt and larger equity base provide durable financial flexibility. This conservatively levered balance sheet permits absorbing operating losses, funding growth initiatives without immediate external financing, and reduces solvency risk over the medium term.
Negative Factors
Persistent net losses; deeply negative margins
Net losses have persisted across multiple years and remain deeply negative (~-57% in 2025). Ongoing losses erode retained earnings and require either sustained operational improvement or continual capital injections, pressuring long-term shareholder returns and viability.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet, very low debt
The company's very low debt and larger equity base provide durable financial flexibility. This conservatively levered balance sheet permits absorbing operating losses, funding growth initiatives without immediate external financing, and reduces solvency risk over the medium term.
Read all positive factors
Pinestone Capital Ltd (0804) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$217.45M
Dividend YieldN/A
Average Volume (3M)41.20K
Price to Earnings (P/E)―
Beta (1Y)0.97
Revenue Growth12.81%
EPS Growth66.15%
CountryHK
Employees27
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)-0.07
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 | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.49M | 30.23M | 25.09M | 19.57M | 19.56M | 24.97M |
| Gross Profit | 25.49M | 28.00M | 25.08M | 19.52M | 19.47M | 24.91M |
| EBITDA | -33.25M | -11.12M | -30.67M | -22.52M | -47.31M | -3.15M |
| Net Income | -31.67M | -17.34M | -31.67M | -24.39M | -41.47M | -4.93M |
Balance Sheet | ||||||
| Total Assets | 154.87M | 208.86M | 154.87M | 176.01M | 169.94M | 199.30M |
| Cash, Cash Equivalents and Short-Term Investments | 16.37M | 41.81M | 16.37M | 23.80M | 30.14M | 45.58M |
| Total Debt | 0.00 | 1.86M | 0.00 | 622.00K | 1.59M | 2.51M |
| Total Liabilities | 16.50M | 13.21M | 16.50M | 5.98M | 5.47M | 7.58M |
| Stockholders Equity | 138.37M | 195.66M | 138.37M | 170.04M | 164.48M | 191.72M |
Cash Flow | ||||||
| Free Cash Flow | -11.90M | -48.17M | -686.00K | -35.69M | -28.87M | -19.45M |
| Operating Cash Flow | -11.90M | -48.17M | -686.00K | -35.69M | -28.87M | -18.89M |
| Investing Cash Flow | 4.83M | -300.00K | -6.15M | 10.00K | 221.00K | -399.00K |
| Financing Cash Flow | -2.71M | 74.36M | -631.00K | 28.94M | 13.21M | -2.00M |
Pinestone Capital Ltd Technical Analysis
Neutral
3.54
Price Trends
3.70
Negative
3.61
Negative
3.49
Positive
Market Momentum
-0.04
Positive
44.84
Neutral
13.85
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0804, the sentiment is Neutral. The current price of 3.54 is below the 20-day moving average (MA) of 3.69, below the 50-day MA of 3.70, and above the 200-day MA of 3.49, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 44.84 is Neutral, neither overbought nor oversold. The STOCH value of 13.85 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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% | |
51 Neutral | HK$217.45M | -12.54 | -10.06% | ― | 12.81% | 66.15% | |
51 Neutral | HK$186.40M | -63.02 | -4.79% | 6.45% | -10.35% | 86.76% | |
49 Neutral | HK$221.63M | -23.19 | -3.90% | ― | 4.13% | -162.50% | |
45 Neutral | HK$114.88M | 56.18 | 3.25% | ― | -88.66% | ― | |
43 Neutral | HK$117.28M | -24.66 | -26.49% | ― | 131.43% | 88.89% | |
42 Neutral | HK$163.85M | -4.20 | -14.47% | ― | 13.08% | -11.55% |
* Financial Sector Average
HK:0804
Pinestone Capital Ltd
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Pinestone Capital Ltd Corporate Events
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...
Pinestone Capital Sets 2026 AGM to Approve Accounts, Board Slate and Share Buy-Back Mandate
Apr 29, 2026
Pinestone Capital Limited has called its annual general meeting for 5 June 2026 in Central, Hong Kong, where shareholders will review the audited consolidated financial statements for the year ended 31 December 2025 and consider a final dividend. ...
Pinestone Narrows Loss as Fee Income Rises but Lending Pressures Persist
Mar 27, 2026
Pinestone Capital Limited, a Hong Kong-listed financial services provider, operates across securities brokerage, placing and underwriting, margin financing, and securities-backed lending, targeting clients seeking capital markets access and credit...
Pinestone Capital Warns of 2025 Loss Despite Narrowing Deficit
Mar 20, 2026
Pinestone Capital has issued a profit warning, saying it expects to post a net loss of between HK$16 million and HK$20 million for the year ended 31 December 2025, narrowing from a HK$31.7 million loss a year earlier. The anticipated loss is mainl...
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.
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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.