Suncorp Technologies (1063) AI Stock Analysis

• Market Cap: HK$143.08M
• Dividend Yield: N/A
• Average Volume (3M): 288.24K
• Price to Earnings (P/E): 7.6
• Beta (1Y): 0.87
• Revenue Growth: -41.35%
• EPS Growth: -213.46%
• Country: HK
• Employees: 12
• Sector: Industrials
• Sector Strength: 85
• Industry: Conglomerates
• EPS (TTM): >-0.01
• Shares Outstanding: 1,538,536,600
• 10 Day Avg. Volume: 137,750
• 30 Day Avg. Volume: 288,240
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: Hold
• Number of Analyst Covering: 1

• Rating: 43 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

Suncorp Technologies' overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues, losses, and negative cash flows. Technical analysis suggests bearish trends with potential for a reversal, but the negative valuation metrics diminish the stock's attractiveness.

Suncorp Technologies Business Overview & Revenue Model

Company Description

Suncorp Technologies (1063) is a diversified technology company specializing in the development and distribution of innovative electronic products and solutions. The company operates in various sectors, including consumer electronics, telecommunications, and software development, offering a wide range of products such as smartphones, communication devices, and software applications designed to enhance connectivity and user experience.

How the Company Makes Money

Suncorp Technologies generates revenue primarily through the sale of its electronic products, including smartphones and communication devices, to both consumers and businesses. The company also earns money by providing software solutions and services, which may include licensing fees and subscription models for its applications. Additionally, Suncorp Technologies might engage in strategic partnerships with other technology firms to enhance product offerings and tap into new markets, further contributing to its revenue streams.

Suncorp Technologies Financial Statement Overview

Summary

Suncorp Technologies faces significant financial challenges, including declining revenues, persistent losses, and negative cash flows. Although the balance sheet shows a strong equity base and low leverage, the company's ability to generate profitable growth remains a concern.

Income Statement

Suncorp Technologies has experienced a significant decline in revenue over recent years, with a revenue decrease from $173.7 million in 2020 to $38.9 million in 2024. The company has also shown negative profitability margins, with a gross profit margin of -31.3% and a net profit margin of -116.7% in 2024. These metrics indicate substantial challenges in generating profitable revenue and managing costs effectively. The negative EBIT margin of -117.2% further highlights operational inefficiencies.

Balance Sheet

The balance sheet reveals a moderate level of stability with a strong cash position. The debt-to-equity ratio remains low due to minimal debt levels, and the equity ratio stands at 85.8% in 2024, reflecting a strong equity base. However, the continuous decrease in stockholders' equity from $308.9 million in 2019 to $198.5 million in 2024 signals potential financial strain over the years.

Cash Flow

The company exhibits negative operating and free cash flows, indicating challenges in sustaining its operations through internal cash generation. The operating cash flow to net income ratio suggests difficulties in converting earnings into cash, which may hinder future growth and investment capabilities.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	38.88M	66.29M	128.03M	199.97M	173.69M
Gross Profit	-12.18M	15.20M	16.00M	25.34M	25.59M
EBITDA	-36.53M	40.45M	-56.78M	-55.65M	-70.14M
Net Income	-45.38M	40.07M	-73.69M	-58.84M	-70.11M
Balance Sheet
Total Assets	231.47M	264.02M	282.17M	328.98M	299.15M
Cash, Cash Equivalents and Short-Term Investments	119.27M	119.98M	101.82M	140.16M	82.67M
Total Debt	3.15M	2.15M	4.24M	6.27M	4.26M
Total Liabilities	33.56M	20.75M	78.97M	71.97M	44.12M
Stockholders Equity	198.49M	243.73M	203.66M	257.10M	255.03M
Cash Flow
Free Cash Flow	-4.91M	-3.25M	-27.42M	-24.55M	-23.66M
Operating Cash Flow	-4.91M	-3.25M	-27.42M	-22.23M	-23.66M
Investing Cash Flow	36.00K	-54.00K	-132.00K	-2.31M	0.00
Financing Cash Flow	-1.88M	-2.03M	1.52M	55.81M	15.10M

Suncorp Technologies Technical Analysis

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1063, the sentiment is Negative. The current price of 0.09 is below the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.11, and below the 200-day MA of 0.12, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 38.20 is Neutral, neither overbought nor oversold. The STOCH value of 6.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1063.

Suncorp Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	58 Neutral	HK$13.61B	5.40	-2.78%	5.74%	2.29%	-57.49%
2182	56 Neutral	HK$241.80M	―	-1.79%	3.90%	-22.64%	-158.20%
0118	54 Neutral	HK$224.10M	41.94	0.21%	―	-14.31%	―
0862	48 Neutral	HK$156.97M	―	-29.12%	―	7.36%	-70.59%
1063	43 Neutral	HK$143.08M	7.59	-20.46%	―	-41.35%	-213.46%
0474	39 Underperform	HK$147.64M	―	-191.85%	―	-21.03%	-97.01%
0138	37 Underperform	HK$135.97M	―	-56.45%	―	-24.44%	36.96%

Suncorp Technologies Corporate Events

SunCorp Technologies Updates on 2021 Share Option Scheme

SunCorp Technologies Limited has issued a supplemental announcement regarding its 2021 Share Option Scheme, which is part of its annual report for the year ending December 31, 2024. The company disclosed that 149,293,656 shares are available for grant under the scheme, representing 9.7% of the total issued shares. The announcement also clarifies that no individual can be granted share options exceeding 1% of the company’s shares in a 12-month period without shareholder approval. The scheme, which has no vesting period, is valid for ten years from its adoption date.

SunCorp Technologies Approves New Share Option Scheme at AGM

SunCorp Technologies Limited announced the results of its annual general meeting held on June 24, 2025, where the adoption of the 2025 Share Option Scheme and the termination of the 2021 Share Option Scheme were approved by shareholders. The resolution received overwhelming support, with 99.99% of votes in favor, indicating strong shareholder confidence in the company’s strategic direction.

SunCorp Technologies Secures Strong Shareholder Support at AGM

SunCorp Technologies Limited announced the results of its Annual General Meeting held on June 24, 2025, where all proposed resolutions were passed with overwhelming support. The resolutions included the adoption of financial statements, re-election of directors, authorization of director remuneration, re-appointment of auditors, and granting of mandates for share issuance and repurchase. This successful AGM reflects strong shareholder confidence and positions the company for continued operational stability and strategic flexibility.