Anchorstone Holdings Limited (HK:1592)
:1592
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Anchorstone Holdings Limited
(1592)
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Rating:45Neutral
Price Target:
HK$0.35
â–²(150.71% Upside)
Action:Reiterated
Date:05/20/26
The score is held down primarily by very weak financial performance (persistent large losses, negative equity, and negative operating/free cash flow in 2025). Technicals provide partial offset due to strong momentum, but the stock appears extremely overbought, and valuation support is limited because the company is loss-making and no dividend yield is available.
Positive Factors
Intermittent historical cash generation
The company demonstrated the ability to generate positive operating cash flow in 2021–2023, indicating that its core operations can produce cash under better conditions. This historical cash conversion suggests a pathway to restore cash generation if revenues recover and cost discipline continues.
Negative Factors
Negative shareholders' equity and rising debt
Shareholders' equity turned negative in 2024 and stayed negative in 2025 while total debt rose sharply. This impaired capital base reduces financial flexibility, raises refinancing and covenant risks, and makes equity dilution or external recapitalization likely to secure operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Intermittent historical cash generation
The company demonstrated the ability to generate positive operating cash flow in 2021–2023, indicating that its core operations can produce cash under better conditions. This historical cash conversion suggests a pathway to restore cash generation if revenues recover and cost discipline continues.
Read all positive factors
Anchorstone Holdings Limited (1592) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$485.01M
Dividend YieldN/A
Average Volume (3M)6.70M
Price to Earnings (P/E)―
Beta (1Y)0.20
Revenue Growth-13.39%
EPS Growth34.49%
CountryHK
Employees11
SectorIndustrials
Sector Strength72
IndustryConstruction
Share Statistics
EPS (TTM)-0.26
Shares Outstanding1,447,776,400
10 Day Avg. Volume6,757,500
30 Day Avg. Volume6,703,533
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)-0.31
Price to Sales (P/S)0.69
P/FCF Ratio-0.58
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
Anchorstone Holdings Limited Business Overview & Revenue Model
Company Description
Anchorstone Holdings Limited, an investment holding company, engages in the supply and installation of marble and granite products for construction projects in Hong Kong and Macau. The company undertakes marble and granite works for a range of bui...
Anchorstone Holdings Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
15
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 50.68M | 58.51M | 77.20M | 130.39M | 91.94M |
| Gross Profit | 6.39M | 15.38M | 23.95M | 31.35M | 11.17M |
| EBITDA | -64.72M | -79.42M | -31.91M | -21.94M | -31.05M |
| Net Income | -71.40M | -86.37M | -40.45M | -32.34M | -46.75M |
Balance Sheet | |||||
| Total Assets | 54.56M | 104.59M | 190.27M | 231.82M | 274.64M |
| Cash, Cash Equivalents and Short-Term Investments | 7.50M | 308.00K | 507.00K | 1.32M | 2.68M |
| Total Debt | 100.09M | 47.66M | 60.08M | 99.67M | 125.11M |
| Total Liabilities | 168.25M | 158.69M | 155.03M | 178.20M | 191.61M |
| Stockholders Equity | -113.69M | -54.10M | 35.24M | 53.62M | 83.02M |
Cash Flow | |||||
| Free Cash Flow | -59.95M | 3.71M | 13.65M | 9.63M | -2.00M |
| Operating Cash Flow | -59.95M | 3.71M | 13.65M | 9.66M | 1.96M |
| Investing Cash Flow | 0.00 | 1.00K | 2.00K | -24.00K | 30.28M |
| Financing Cash Flow | 65.89M | -4.17M | -13.46M | -9.41M | -27.78M |
Anchorstone Holdings Limited Technical Analysis
Positive
0.14
Price Trends
0.15
Positive
0.13
Positive
0.16
Positive
Market Momentum
0.05
Negative
74.20
Negative
76.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1592, the sentiment is Positive. The current price of 0.14 is below the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.15, and below the 200-day MA of 0.16, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 74.20 is Negative, neither overbought nor oversold. The STOCH value of 76.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1592.
Anchorstone Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | HK$197.66M | 53.04 | 0.62% | 2.34% | -48.30% | -75.98% | |
54 Neutral | HK$852.31M | 18.00 | -3.78% | ― | -0.28% | -469.70% | |
54 Neutral | HK$30.87B | 116.39 | 4.12% | 5.67% | -9.40% | 163.75% | |
53 Neutral | HK$13.95B | 10.17 | 5.14% | 4.22% | -10.04% | -25.52% | |
45 Neutral | HK$485.01M | -0.49 | 80.94% | ― | -13.39% | 34.49% | |
44 Neutral | HK$301.00M | -1.53 | -21.28% | ― | -23.68% | 35.58% |
* Industrials Sector Average
HK:1592
Anchorstone Holdings Limited
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Anchorstone Holdings Limited Corporate Events
Anchorstone refreshes board as Professor Yin replaces Ko as independent director
May 19, 2026
Anchorstone Holdings Limited has appointed Professor Yin Mengbo as an independent non-executive director, effective 19 May 2026, who will also chair the audit committee and sit on the nomination and remuneration committees. Yin brings extensive ac...
Anchorstone Sets Out Board and Committee Line-Up to Bolster Governance
May 19, 2026
Anchorstone Holdings has updated the market on the composition of its board, confirming executive directors, including chairman Lui Yue Yun Gary and director Ren Yuehua, alongside independent non-executive directors Wong Yue Fai, Jiang Zhihong and...
Anchorstone Refreshes Board With New Executive Director After Leadership Reshuffle
May 14, 2026
Anchorstone Holdings Limited has reshuffled its senior leadership, appointing Ren Yuehua as an executive director and authorized representative effective 14 May 2026, while accepting the resignation of executive director and authorized representat...
Anchorstone Sets Out Board and Committee Structure to Bolster Governance
May 14, 2026
Anchorstone Holdings Limited has announced the current composition of its board of directors, confirming two executive directors, including chairman Lui Yue Yun Gary, and three independent non-executive directors. The filing underscores the compan...
Anchorstone Rights Issue Undersubscribed, Control Stake and Shareholder Payouts in Focus
May 13, 2026
Anchorstone Holdings Limited’s rights issue of 1,158,221,124 shares was significantly undersubscribed, with shareholders submitting valid applications for only about 48.32% of the offer. As a result, 598,567,582 unsubscribed rights shares wi...
Anchorstone Corrects Proxy Deadline in AGM Circular
May 7, 2026
Anchorstone Holdings Limited has issued a clarification regarding its circular on the re-election of retiring directors, the granting of general mandates to issue and repurchase shares, and the notice of its upcoming annual general meeting. The co...
Anchorstone Sets 2026 AGM to Renew Share Issuance and Buyback Mandates
Apr 30, 2026
Anchorstone Holdings Limited, a Cayman-incorporated company listed in Hong Kong under stock code 1592, operates through a group structure with oversight from a board of directors that includes independent non-executive members. The firm follows st...
Anchorstone Explains Auditor Change and Says Annual Audit Unaffected
Apr 16, 2026
Anchorstone Holdings has provided supplemental information on its recent change of auditors, clarifying the process and rationale behind replacing RSM Hong Kong with GSHK as external auditor. The company stressed that the transition was initiated ...
Anchorstone Wins Shareholder Backing for Rights Issue and Capital Increase
Apr 8, 2026
Anchorstone Holdings Limited has secured shareholder approval at an extraordinary general meeting for a package of capital measures, including an increase in authorised share capital, a rights issue and a related set-off arrangement. All three res...
Anchorstone posts narrower annual loss amid revenue decline and heavy impairments
Mar 31, 2026
Anchorstone Holdings Limited, a Cayman Islands-incorporated company listed in Hong Kong, operates through contracts with customers that generate its primary revenue streams, implying a focus on project- or service-based business. The company’...
Anchorstone unit ordered wound up; group sees limited business impact
Mar 27, 2026
Anchorstone Holdings has announced that its indirectly wholly owned subsidiary, Pacific Marble Granite Limited, has been ordered to be wound up by the Hong Kong court following a creditor’s petition alleging insolvency, with provisional liq...
Anchorstone Corrects Indebtedness Figures in Rights Issue Circular
Mar 16, 2026
Anchorstone Holdings has issued a clarification to correct indebtedness figures disclosed in a recent circular related to its proposed rights issue of four rights shares for every existing share on a non-underwritten basis. As of 31 January 2026, ...
Anchorstone Seeks Major Capital Expansion Through Rights Issue and Loan Set-Off
Mar 15, 2026
Anchorstone Holdings Limited has called an extraordinary general meeting in Hong Kong on 8 April 2026 to seek shareholder approval for a substantial increase in its authorised share capital from HK$50 million to HK$400 million. The move would expa...
Anchorstone Sets March 31 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 10, 2026
Anchorstone Holdings Limited has scheduled a board meeting for 31 March 2026 to review and approve the audited financial results for the year ended 31 December 2025. At the same meeting, the board will consider recommending a final dividend and ad...
Anchorstone delays rights issue circular and revises capital-raising timetable
Mar 2, 2026
Anchorstone Holdings has postponed the despatch of a key circular relating to its proposed rights issue, increase in authorised share capital and set-off arrangement, pushing the target mailing date from 2 March 2026 to on or before 16 March 2026....
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.