tiprankstipranks
Trending News
More News >
Suncorp Technologies (HK:1063)
:1063

Suncorp Technologies (1063) AI Stock Analysis

Compare
1 Followers

Top Page

HK

Suncorp Technologies

(OTC:1063)

Rating:37Underperform
Price Target:
HK$0.00
▼(-100.00%Downside)
Suncorp Technologies is facing severe financial challenges with negative profitability and cash flows, leading to a low score. The lack of technical analysis data and negative valuation metrics further contributes to the poor overall score. Without positive earnings or corporate developments, the outlook remains concerning.

Suncorp Technologies (1063) vs. iShares MSCI Hong Kong ETF (EWH)

Suncorp Technologies Business Overview & Revenue Model

Company DescriptionSuncorp Technologies (1063) is a company engaged in the technology sector, focusing on the development and distribution of electronic products and solutions. The company specializes in offering innovative consumer electronics and digital products, catering to a wide range of customer needs with a commitment to quality and innovation.
How the Company Makes MoneySuncorp Technologies generates revenue through the sale of its electronic products, which include consumer electronics, digital devices, and related accessories. The company earns money by leveraging its expertise in technology development to create products that appeal to both individual consumers and businesses. Key revenue streams include direct sales through retail and online channels, as well as partnerships with distributors and retailers. Additionally, Suncorp Technologies may engage in strategic collaborations with other technology firms to enhance its product offerings and expand its market reach, thus contributing to its overall earnings.

Suncorp Technologies Financial Statement Overview

Summary
Suncorp Technologies faces significant financial challenges, characterized by declining revenues, persistent losses, and negative cash flows. Despite a strong equity base and low leverage, the company's ability to generate profitable growth is concerning. Strategic improvements in cost management and revenue generation are essential for long-term sustainability.
Income Statement
25
Negative
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
50
Neutral
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
30
Negative
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.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue38.88M66.29M128.03M199.97M173.69M
Gross Profit-12.18M15.20M16.00M25.34M25.59M
EBITDA-36.53M40.45M-56.78M-55.65M-70.14M
Net Income-45.38M40.07M-73.69M-58.84M-70.11M
Balance Sheet
Total Assets231.47M264.02M282.17M328.98M299.15M
Cash, Cash Equivalents and Short-Term Investments119.27M119.98M101.82M140.16M82.67M
Total Debt3.15M2.15M4.24M6.27M4.26M
Total Liabilities33.56M20.75M78.97M71.97M44.12M
Stockholders Equity198.49M243.73M203.66M257.10M255.03M
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 Flow36.00K-54.00K-132.00K-2.31M0.00
Financing Cash Flow-1.88M-2.03M1.52M55.81M15.10M

Suncorp Technologies Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.11
Price Trends
50DMA
0.12
Negative
100DMA
0.12
Negative
200DMA
0.13
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
39.68
Neutral
STOCH
9.16
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 0.11 is below the 20-day moving average (MA) of 0.12, below the 50-day MA of 0.12, and below the 200-day MA of 0.13, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.68 is Neutral, neither overbought nor oversold. The STOCH value of 9.16 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

Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
58
Neutral
HK$13.89B4.44-3.01%7.32%3.67%-54.16%
56
Neutral
HK$223.20M-1.79%4.17%-22.64%-158.20%
54
Neutral
HK$159.46M29.840.21%-14.31%
46
Neutral
HK$149.12M-29.12%7.36%-70.59%
39
Underperform
HK$162.40M-191.85%-9.49%5.90%
37
Underperform
HK$164.62M7.59-20.46%-41.35%-213.46%
37
Underperform
HK$111.98M-56.45%-24.44%36.96%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1063
Suncorp Technologies
0.11
<0.01
5.94%
HK:0862
Vision Values Holdings Limited
0.03
0.00
0.00%
HK:0474
Aceso Life Science Group Limited
0.02
-0.10
-83.33%
HK:2182
Tian Chang Group Holdings Ltd.
0.36
-0.11
-23.40%
HK:0138
CCT Fortis Holdings Limited
0.06
-0.04
-40.00%
HK:0118
Cosmos Machinery Enterprises Limited
0.19
-0.03
-13.64%

Suncorp Technologies Corporate Events

SunCorp Technologies Approves New Share Option Scheme at AGM
Jun 26, 2025

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
Jun 24, 2025

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.

SunCorp Technologies Announces 2025 AGM with Key Resolutions
Apr 29, 2025

SunCorp Technologies Limited has announced its upcoming Annual General Meeting (AGM) scheduled for June 24, 2025, in Hong Kong. The meeting will address ordinary business matters such as the adoption of financial statements, re-election of directors, and auditor appointments. Additionally, the AGM will consider resolutions to authorize the board to issue additional shares and other related financial instruments, potentially impacting the company’s capital structure and market operations.

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.Date of analysis: Jun 27, 2025