Trendzon Holdings Group Limited (HK:1865)
:1865
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Trendzon Holdings Group Limited
(1865)
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Rating:46Neutral
Price Target:
HK$0.49
▲(104.17% Upside)
Action:ReiteratedDate:03/24/26
The score is held down primarily by weak financial performance—deepening losses and significant negative operating/free cash flow—despite improved leverage. Technicals show a strong uptrend, but the stock appears overextended (very high RSI/Stoch), limiting the technical contribution. Valuation is also a mild negative given the loss-making profile implied by the negative P/E.
Positive Factors
Improved leverage and stronger equity base
Debt-to-equity falling to ~0.29x and a larger equity base materially reduce solvency and interest exposure. This durable improvement in capital structure gives management more flexibility to fund bids, absorb project timing swings and selectively invest without immediate reliance on expensive external debt.
Negative Factors
Deepening unprofitability
A net margin near -21.8% in 2025 indicates persistent operating failure to cover costs at scale. Continued losses will deplete retained earnings, restrict reinvestment in operations and may force strategic retrenchment or dilutive financing if project-level margins aren’t restored.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage and stronger equity base
Debt-to-equity falling to ~0.29x and a larger equity base materially reduce solvency and interest exposure. This durable improvement in capital structure gives management more flexibility to fund bids, absorb project timing swings and selectively invest without immediate reliance on expensive external debt.
Read all positive factors
Trendzon Holdings Group Limited (1865) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$531.79M
Dividend YieldN/A
Average Volume (3M)6.36M
Price to Earnings (P/E)―
Beta (1Y)-0.15
Revenue Growth9.19%
EPS Growth84.15%
CountryHK
Employees540
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.06
Shares Outstanding1,063,570,800
10 Day Avg. Volume6,212,760
30 Day Avg. Volume6,357,017
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)0.10
Price to Sales (P/S)0.13
P/FCF Ratio-0.42
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
Trendzon Holdings Group Limited Business Overview & Revenue Model
Company Description
Pengo Holdings Group Ltd. is a contractor, which specializes in infrastructural pipeline construction and related engineering services mainly for gas, water, telecommunications and power industries. The company was founded by Guan Wah Shi and Guan...
How the Company Makes Money
Trendzon Holdings Group Limited generates revenue mainly through its infrastructure construction and engineering services. Its income is derived from service contracts for construction projects, where fees are charged for general contracting, proj...
Trendzon Holdings Group Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
63
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 58.13M | 59.07M | 59.12M | 60.10M | 59.10M | 43.45M |
| Gross Profit | 9.16M | 9.40M | 7.99M | 7.42M | 9.86M | 9.98M |
| EBITDA | -7.61M | -9.40M | -6.27M | 2.87M | 6.63M | 9.07M |
| Net Income | -10.42M | -12.89M | -11.99M | -2.06M | 1.02M | 3.25M |
Balance Sheet | ||||||
| Total Assets | 133.91M | 128.37M | 112.13M | 120.35M | 103.13M | 73.94M |
| Cash, Cash Equivalents and Short-Term Investments | 16.67M | 8.59M | 5.44M | 7.92M | 10.34M | 13.39M |
| Total Debt | 20.00M | 22.11M | 26.60M | 32.39M | 48.99M | 23.04M |
| Total Liabilities | 44.37M | 45.96M | 42.27M | 64.20M | 61.96M | 33.49M |
| Stockholders Equity | 67.81M | 75.73M | 69.69M | 55.86M | 41.17M | 40.44M |
Cash Flow | ||||||
| Free Cash Flow | -22.52M | -17.79M | -11.29M | 1.12M | -21.79M | -19.25M |
| Operating Cash Flow | -22.10M | -17.48M | -10.72M | 1.94M | -20.07M | -2.06M |
| Investing Cash Flow | 12.40M | -298.00K | -7.09M | -3.31M | -6.94M | -17.04M |
| Financing Cash Flow | 21.79M | 18.06M | 13.69M | -3.71M | 24.46M | 15.41M |
Trendzon Holdings Group Limited Technical Analysis
Neutral
0.24
Price Trends
0.42
Positive
0.34
Positive
0.30
Positive
Market Momentum
0.04
Positive
48.00
Neutral
20.98
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 0.24 is below the 20-day moving average (MA) of 0.53, below the 50-day MA of 0.42, and below the 200-day MA of 0.30, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 48.00 is Neutral, neither overbought nor oversold. The STOCH value of 20.98 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | HK$177.50M | 4.65 | 5.52% | 9.71% | 27.42% | -32.34% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
51 Neutral | HK$268.91M | -14.68 | -6.83% | 8.33% | 0.94% | 82.30% | |
47 Neutral | HK$156.00M | 9.03 | 5.57% | 2.58% | 27.88% | 1.69% | |
47 Neutral | HK$70.56M | -5.35 | -9.80% | ― | 3.97% | 14.02% | |
46 Neutral | HK$531.79M | -1.14 | -14.52% | ― | 9.19% | 84.15% | |
44 Neutral | HK$236.00M | 11.38 | 4.36% | 15.38% | 13.59% | -12.52% |
* Industrials Sector Average
HK:1865
Trendzon Holdings Group Limited
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Trendzon Holdings Group Limited Corporate Events
Pengo Holdings Signs Cooperation Framework to Expand in Animation and Digital Entertainment
Feb 16, 2026
Pengo Holdings Group Limited has signed a letter of intent for a cooperation framework with Guangju Zhongsheng Holdings (Hainan) Co., Ltd., marking a move to build a comprehensive and long-term partnership. The collaboration aims to leverage both ...
Pengo Holdings Reshuffles Board, Appoints New Executive Director
Feb 6, 2026
Pengo Holdings Group Limited announced a board change effective 6 February 2026, with executive director Law Wai Yip resigning to focus on other business commitments and confirming he has no disagreements with the board or issues requiring shareho...
Pengo Holdings Reshapes Board and Committee Structure Effective February 2026
Feb 6, 2026
Pengo Holdings Group Limited, a Cayman Islands–incorporated company listed in Hong Kong under stock code 1865, announced changes to its board and governance structure effective 6 February 2026, though the release does not detail its industry...
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.