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Trendzon Holdings Group Limited (HK:1865)
:1865
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Trendzon Holdings Group Limited (1865) AI Stock Analysis

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HK:1865

Trendzon Holdings Group Limited

(1865)

Rating:43Neutral
Price Target:
HK$0.50
▲(85.19% Upside)
Trendzon Holdings Group Limited's overall stock score is primarily impacted by its financial performance, which shows strong revenue growth but significant challenges in profitability and cash flow. The technical analysis indicates a bearish trend, and the valuation is unattractive due to a negative P/E ratio and no dividend yield. These factors collectively suggest caution for potential investors.

Trendzon Holdings Group Limited (1865) vs. iShares MSCI Hong Kong ETF (EWH)

Trendzon Holdings Group Limited Business Overview & Revenue Model

Company DescriptionTrendzon Holdings Group Limited, an investment holding company, engages in the provision of infrastructural pipeline construction and related engineering services primarily for gas, water, telecommunications, and power industries in Singapore and Hong Kong. The company offers high pressure gas transmission pipelines, high pressure hot tapping operations, medium or low pressure gas distribution pipelines, and gas pipe inspection and repair services; water transmission and distribution pipelines for industrial, commercial, and residential areas; district cooling systems; and water pipe inspection and repair services. It also provides telecommunication cable systems, power cable installation, and solar panel installation services; cold bending and cutting services for steel pipelines; shaft construction services; and pipe jacking operation services. In addition, the company trades in building materials. The company was formerly known as Pipeline Engineering Holdings Limited and changed to Trendzon Holdings Group Limited in May 2021. The company was founded in 1996 and is headquartered in Singapore.
How the Company Makes MoneyTrendzon Holdings generates revenue through a combination of investment returns, equity stakes in its subsidiaries, and strategic partnerships. The company primarily earns money by investing in promising technology and e-commerce ventures, receiving dividends from these investments, and capital gains from the appreciation of its equity holdings. Additionally, Trendzon may also engage in joint ventures and collaborations with other firms, allowing it to share resources and reduce risk while enhancing its market presence. The company's revenue model is supported by its ability to identify and capitalize on emerging market trends, resulting in a diversified revenue stream that contributes to its overall financial performance.

Trendzon Holdings Group Limited Financial Statement Overview

Summary
Trendzon Holdings Group Limited is experiencing strong revenue growth, but profitability and cash flow remain significant challenges. The company has managed to improve its leverage position, but ongoing losses and negative cash flow highlight the need for strategic improvements in cost management and operational efficiency.
Income Statement
45
Neutral
Trendzon Holdings Group Limited has shown significant revenue growth, particularly in the latest year with a 145.56% increase. However, the company is struggling with profitability, as evidenced by negative net profit margins and EBIT margins over the past few years. The gross profit margin has been relatively stable but low, indicating challenges in cost management. Overall, while revenue growth is a positive sign, the lack of profitability is a concern.
Balance Sheet
55
Neutral
The company's debt-to-equity ratio has improved over the years, indicating better leverage management, although it remains moderate. The return on equity is negative, reflecting the company's ongoing losses. The equity ratio is healthy, suggesting a solid asset base relative to equity. While there are improvements in leverage, the negative ROE highlights profitability issues.
Cash Flow
40
Negative
Trendzon Holdings faces challenges with cash flow, as indicated by negative operating cash flow and free cash flow in recent years. The free cash flow to net income ratio is positive, suggesting some efficiency in converting income to cash, but the overall negative cash flow growth is concerning. The company needs to improve its cash generation capabilities to support operations and growth.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue24.06M59.07M59.12M60.10M59.10M43.45M
Gross Profit2.71M9.40M7.99M7.42M9.86M9.98M
EBITDA-8.88M-9.40M-6.27M2.87M6.63M9.07M
Net Income-9.55M-12.89M-11.99M-2.06M1.02M3.25M
Balance Sheet
Total Assets104.65M128.37M112.13M120.35M103.13M73.94M
Cash, Cash Equivalents and Short-Term Investments16.23M8.59M5.44M7.92M10.34M13.39M
Total Debt20.76M22.11M26.60M32.39M48.99M23.04M
Total Liabilities37.24M45.96M42.27M64.20M61.96M33.49M
Stockholders Equity60.61M75.73M69.69M55.86M41.17M40.44M
Cash Flow
Free Cash Flow6.81M-17.79M-11.29M1.12M-21.79M-19.25M
Operating Cash Flow7.04M-17.48M-10.72M1.94M-20.07M-2.06M
Investing Cash Flow-351.00K-298.00K-7.09M-3.31M-6.94M-17.04M
Financing Cash Flow-6.42M18.06M13.69M-3.71M24.46M15.41M

Trendzon Holdings Group Limited Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.27
Price Trends
50DMA
0.28
Negative
100DMA
0.29
Negative
200DMA
0.28
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
49.68
Neutral
STOCH
32.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1865, the sentiment is Neutral. The current price of 0.27 is above the 20-day moving average (MA) of 0.27, below the 50-day MA of 0.28, and below the 200-day MA of 0.28, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.68 is Neutral, neither overbought nor oversold. The STOCH value of 32.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1865.

Trendzon Holdings Group Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
72
Outperform
HK$224.00M8.077.49%12.50%19.67%9.64%
72
Outperform
HK$215.00M4.008.43%7.67%11.39%-25.31%
63
Neutral
$10.71B16.526.57%2.10%2.78%-16.06%
57
Neutral
HK$246.72M-1.47%8.11%0.94%82.30%
54
Neutral
HK$199.20M23.715.05%2.01%-37.64%2525.00%
51
Neutral
HK$164.64M-9.34%-40.18%3.09%
43
Neutral
HK$198.92M-17.97%-0.02%13.79%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1865
Trendzon Holdings Group Limited
0.27
0.10
58.82%
HK:1447
SFK Construction Holdings Ltd.
0.56
0.05
9.80%
HK:1547
IBI Group Holdings Limited
0.25
0.02
8.70%
HK:1582
CR Construction Group Holdings Limited
0.43
0.04
10.26%
HK:1707
Geotech Holdings Ltd.
0.10
0.03
42.86%
HK:2863
Golden Faith Group Holdings Limited
0.37
0.10
37.04%

Trendzon Holdings Group Limited Corporate Events

Pengo Holdings Proposes Capital Increase and Convertible Bond Placement
Aug 1, 2025

Pengo Holdings Group Limited has announced a proposal to increase its authorized share capital from HK$100 million to HK$500 million by creating an additional 4 billion unissued shares, pending shareholder approval. Additionally, the company plans to place convertible bonds worth up to HK$120 million, which could significantly impact its share capital and financial positioning, offering potential growth opportunities for stakeholders.

Pengo Holdings Group Limited Announces 2025 Annual General Meeting
Jul 23, 2025

Pengo Holdings Group Limited, formerly known as Trendzon Holdings Group Limited, has announced its annual general meeting scheduled for August 21, 2025, in Hong Kong. The meeting will cover the adoption of audited financial statements, re-election of directors, and re-appointment of the company’s auditor. Additionally, the company seeks approval for the directors to exercise powers related to issuing shares and convertible securities.

Pengo Holdings Completes Major Capital Subscription Transaction
Jul 16, 2025

Pengo Holdings Group Limited, formerly known as Trendzon Holdings Group Limited, has completed a significant transaction involving the subscription of registered capital in a target company. This transaction allows Pengo Holdings to acquire approximately 51% of the enlarged registered capital of the target company, granting it control over the target and project companies. As a result, these entities will be consolidated into Pengo Holdings’ financial statements as indirect non-wholly owned subsidiaries, enhancing its operational scope and market influence.

Pengo Holdings Expands Renewable Energy Portfolio with Strategic Investment
Jul 10, 2025

Pengo Holdings Group Limited announced a discloseable transaction involving the subscription of registered capital in a target company, which is central to its renewable energy strategy. The reorganization of the target group focuses on the pumped storage power station project, excluding four dormant entities that are not material to the company’s core objectives. This strategic move is expected to enhance Pengo Holdings’ position in the renewable energy sector by concentrating on its core business lines.

Pengo Holdings Group Limited Forms Nomination Committee to Enhance Governance
Jul 2, 2025

Pengo Holdings Group Limited, formerly known as Trendzon Holdings Group Limited, has established a Nomination Committee as part of its board of directors. The committee’s primary function is to make recommendations for filling board vacancies and is composed of at least three members, primarily independent non-executive directors. This move is aimed at enhancing the governance structure of the company, ensuring diversity and independent oversight in its board operations.

Pengo Holdings Reports Increased Losses Despite Higher Gross Profit in FY2025
Jun 27, 2025

Pengo Holdings Group Limited, previously known as Trendzon Holdings Group Limited, has released its annual financial results for the fiscal year ending March 31, 2025. The company reported a slight decrease in revenue from continuing operations, totaling S$59,072,000, compared to S$59,115,000 in the previous year. Despite a rise in gross profit to S$9,404,000 from S$7,993,000, the company experienced a greater loss before income tax, amounting to S$12,698,000, up from S$10,481,000 in the prior year. The loss for the year from continuing operations increased to S$13,136,000 compared to S$10,652,000 in 2024, indicating ongoing financial challenges.

Pengo Holdings Completes Major Equity Disposal
Jun 18, 2025

Pengo Holdings Group Limited, formerly known as Trendzon Holdings Group Limited, has announced the completion of a major transaction involving the disposal of a 27% equity interest in a target company. Following the completion of the sale, the target company remains a non-wholly owned subsidiary, with Pengo Holdings retaining a 51% ownership stake while the purchaser holds 49%. This strategic move may impact the company’s operational dynamics and stakeholder interests, as it adjusts its equity distribution within the target company.

Pengo Holdings Announces Board Meeting to Approve Annual Results
Jun 17, 2025

Pengo Holdings Group Limited has announced that its board of directors will meet on June 27, 2025, to consider and approve the company’s annual results for the year ending March 31, 2025, and to discuss the potential payment of a final dividend. This meeting is significant for stakeholders as it will provide insights into the company’s financial performance and potential returns, impacting its market positioning and investor relations.

Pengo Holdings Approves Equity Disposal at EGM
Jun 16, 2025

Pengo Holdings Group Limited, formerly known as Trendzon Holdings Group Limited, has announced the successful passing of a resolution at its extraordinary general meeting held on June 16, 2025. The resolution involved the disposal of 27% equity interests in Integral Virtue Limited to Mr. Tan Tze Loong for S$8.3 million. This transaction, approved unanimously by shareholders, is part of the company’s strategic decisions to optimize its asset portfolio.

Pengo Holdings to Discuss Strategic Equity Disposal at EGM
May 26, 2025

Pengo Holdings Group Limited has announced an extraordinary general meeting to discuss the disposal of 27% of its equity interests in Integral Virtue Limited to Mr. Tan Tze Loong for S$8.3 million. This strategic move, pending shareholder approval, could impact the company’s financial structure and stakeholder interests.

Pengo Holdings Acquires Majority Stake in Target Company
May 15, 2025

Pengo Holdings Group Limited, formerly known as Trendzon Holdings Group Limited, has entered into a Capital Injection Agreement through its indirect wholly-owned subsidiary to acquire a 51% stake in a target company for RMB40,000,000 (approximately HK$43,200,000). This acquisition will allow Pengo Holdings to consolidate the target company and its project company into its financial statements as indirect non-wholly owned subsidiaries. The transaction is considered a discloseable transaction under the Hong Kong Listing Rules, requiring reporting and announcement but not shareholder approval.

Pengo Holdings Announces Delay in Circular Dispatch
May 15, 2025

Pengo Holdings Group Limited, previously known as Trendzon Holdings Group Limited, has announced a delay in the dispatch of a circular related to a disposal transaction. The circular, which was initially expected to be sent to shareholders by May 15, 2025, will now be dispatched by May 26, 2025, due to the need for additional time to finalize certain information.

Pengo Holdings Group Limited Announces Rebranding with New Name and Logo
May 9, 2025

Pengo Holdings Group Limited, previously known as Trendzon Holdings Group Limited, has announced a series of changes including a new company name, logo, and stock short names. These changes, approved by shareholders, are part of a rebranding effort and have been officially registered in both the Cayman Islands and Hong Kong. The stock code remains unchanged. The rebranding will not affect shareholders’ rights or the company’s operations and financial position.

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: Aug 06, 2025