Balk 1798 Group Limited (1010) AI Stock Analysis

• Market Cap: HK$41.32M
• Dividend Yield: N/A
• Average Volume (3M): 1.17M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.50
• Revenue Growth: -68.38%
• EPS Growth: -196.97%
• Country: HK
• Employees: 36
• Sector: Industrials
• Sector Strength: 89
• Industry: Airlines, Airports & Air Services
• EPS (TTM): -0.32
• Shares Outstanding: 444,294,160
• 10 Day Avg. Volume: 2,982,400
• 30 Day Avg. Volume: 1,171,266
• PEG Ratio: <0.01
• Price to Book (P/B): -0.33
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.12
• 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

• Rating: 39 Underperform
• Price Target: HK$0.00 ▼(-100.00%Downside)

The overall stock score is significantly impacted by the company's poor financial performance, characterized by declining revenues and negative profitability. Technical analysis further suggests a bearish trend, and the negative P/E ratio highlights the lack of profitability. With no supportive earnings call data or corporate events, the outlook remains concerning.

Balk 1798 Group Limited Business Overview & Revenue Model

Company Description

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How the Company Makes Money

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Balk 1798 Group Limited Financial Statement Overview

Summary

Balk 1798 Group Limited is facing significant financial distress, with declining revenues, negative profitability margins, and a highly leveraged balance sheet. The company's inability to generate cash from operations exacerbates its financial instability.

Income Statement

The income statement reflects significant challenges, with a persistent trend of declining total revenue from $181.08 million in 2022 to just $36.03 million in 2024. The net profit margin is deeply negative at -458.1% for 2024, indicating substantial losses. Additionally, the gross profit margin has dropped to 60.0% from a previous higher value of 46.7% in 2022. EBIT and EBITDA margins are also negative, suggesting operational inefficiencies.

Balance Sheet

The balance sheet shows a precarious financial position, highlighted by a negative stockholders' equity of -$127.99 million in 2024, indicating insolvency. The debt-to-equity ratio is not meaningful due to negative equity, and the equity ratio is -56.2%, reflecting a highly leveraged and risky financial structure.

Cash Flow

The cash flow statement indicates severe issues with cash generation, as evidenced by the operating cash flow of $0 and free cash flow of $0 for 2024. The free cash flow growth rate is uncalculable due to zero free cash flow, and the operating cash flow to net income ratio cannot be determined, reflecting cash flow constraints.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	36.03M	113.97M	181.08M	105.62M	92.65M
Gross Profit	21.63M	31.56M	84.59M	35.66M	23.96M
EBITDA	-84.83M	-41.51M	9.09M	-34.88M	3.93M
Net Income	-165.11M	-46.45M	-2.24M	-52.84M	-5.50M
Balance Sheet
Total Assets	227.59M	361.68M	461.95M	295.04M	157.57M
Cash, Cash Equivalents and Short-Term Investments	35.27M	72.35M	104.39M	86.24M	28.18M
Total Debt	125.93M	5.49M	1.65M	194.40M	5.69M
Total Liabilities	355.58M	364.66M	414.79M	232.49M	50.28M
Stockholders Equity	-127.98M	-2.98M	47.16M	62.55M	107.29M
Cash Flow
Free Cash Flow	-131.66M	-32.63M	19.70M	-133.67M	22.93M
Operating Cash Flow	-131.66M	-32.62M	19.73M	-131.87M	22.94M
Investing Cash Flow	403.00K	135.00K	-25.00K	3.13M	1.71M
Financing Cash Flow	91.30M	-2.01M	-424.00K	188.35M	-5.02M

Balk 1798 Group Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.09
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1010, the sentiment is Neutral. The current price of 0.09 is below the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.10, and below the 200-day MA of 0.27, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 52.04 is Neutral, neither overbought nor oversold. The STOCH value of 28.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1010.

Balk 1798 Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8031	61 Neutral	HK$57.65M	―	-13.66%	―	―	―
Sector *	58 Neutral	HK$13.95B	4.43	-3.01%	7.31%	3.67%	-54.16%
8201	56 Neutral	HK$39.96M	―	-6.39%	―	14.00%	-366.00%
1750	50 Neutral	HK$57.60M	35.56	0.99%	―	-15.58%	-76.92%
8489	48 Neutral	HK$46.20M	―	-2.80%	―	28.15%	-144.00%
8620	45 Neutral	HK$36.96M	―	-10.20%	―	2.87%	52.19%
1010	39 Underperform	HK$41.32M	―	-287.63%	―	-68.38%	-196.97%

Balk 1798 Group Limited Corporate Events

Sky Blue 11 Company Limited Announces AGM Results and Board Changes

Sky Blue 11 Company Limited, formerly known as Balk 1798 Group Limited, held its annual general meeting on June 6, 2025, where several key resolutions were passed, including the re-election of certain directors and the authorization to fix directors’ remuneration. However, the re-election of Dr. Zhang Yu and Dr. Song Donglin as directors was not approved. The meeting also resulted in changes to the board committees and noted non-compliance with listing rules, which may impact the company’s governance and regulatory standing.

Sky Blue 11 Company Limited Announces Board Composition and Committee Roles

Sky Blue 11 Company Limited, formerly known as Balk 1798 Group Limited, has announced the composition of its board of directors and their roles within the company. The board consists of executive directors Li Weina and Phen Chun Shing Vincent, along with independent non-executive directors Ching Ching and Wong Xiang Hong. The company has also outlined the membership of its three board committees: Audit, Nomination, and Remuneration, highlighting the leadership roles of Ching Ching and Wong Xiang Hong in these committees. This announcement provides clarity on the governance structure of Sky Blue 11 Company Limited, potentially impacting its strategic direction and operational oversight.

Sky Blue 11 Announces Annual General Meeting and Share Repurchase Mandate

Sky Blue 11 Company Limited, formerly known as Balk 1798 Group Limited, has announced its upcoming annual general meeting scheduled for June 6, 2025, in Hong Kong. The meeting will address ordinary business matters such as the consideration of financial statements, re-election of directors, and re-appointment of the company’s auditor. Additionally, a special resolution will be proposed to grant the company’s directors a mandate to repurchase up to 10% of its issued shares, aligning with applicable laws and stock exchange regulations. This move could potentially impact the company’s stock liquidity and shareholder value.