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Platt Nera International Limited (HK:1949)
:1949
Hong Kong Market
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Platt Nera International Limited (1949) AI Stock Analysis

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HK:1949

Platt Nera International Limited

(1949)

Rating:52Neutral
Price Target:
HK$0.00
▼(-100.00% Downside)
The overall stock score is primarily impacted by the company's financial struggles, including declining revenue and profitability, as well as negative cash flow. While technical indicators show short-term positive momentum, the overbought RSI suggests caution. The negative P/E ratio and lack of dividend yield further weigh on the valuation.

Platt Nera International Limited (1949) vs. iShares MSCI Hong Kong ETF (EWH)

Platt Nera International Limited Business Overview & Revenue Model

Company DescriptionPlatt Nera International Limited, an investment holding company, provides IT solutions and services to the banking and financial, government administrative, telecommunications, and utilities sectors in Thailand. Its IT integrated solutions comprise a range of services from design of IT system, assessment of hardware and/or software options, sourcing and sale of hardware and/or software, system installation and integration to the customers' core IT system, launch to trial operation, and system upgrades for existing IT systems. The company also provides operational, support, upgrade, and maintenance services to IT system; and sells equipment. Platt Nera International Limited was founded in 2004 and is headquartered in Bangkok, Thailand. Platt Nera International Limited is a subsidiary of Pynk Holding Limited.
How the Company Makes MoneyPlatt Nera International Limited generates revenue through multiple streams. The company's primary revenue model involves providing technology solutions and consultancy services to businesses and government agencies. Key revenue streams include the sale of proprietary software, implementation of technology infrastructure projects, and long-term consultancy contracts. Additionally, the company benefits from strategic partnerships with leading technology firms, enabling it to offer comprehensive solutions and expand its market reach. These partnerships, along with its reputation for delivering high-quality services, play a significant role in contributing to its overall earnings.

Platt Nera International Limited Financial Statement Overview

Summary
Platt Nera International Limited faces significant financial challenges, particularly in profitability and cash flow generation. The company has seen a decline in revenue and profitability margins, coupled with a high debt load. The negative cash flow and leverage could pose risks to financial stability if not addressed.
Income Statement
45
Neutral
The company has faced declining revenue growth, with a significant drop in total revenue from 2023 to 2024. The gross profit margin has also deteriorated, leading to negative EBIT and EBITDA margins. Net income has turned deeply negative, indicating challenges in profitability.
Balance Sheet
50
Neutral
The balance sheet shows a high debt-to-equity ratio, indicating significant leverage. The return on equity is negative due to the net losses, and the equity ratio has decreased over time, raising concerns about financial stability. However, the company maintains a reasonable level of cash and cash equivalents.
Cash Flow
40
Negative
The cash flow situation is concerning, with negative operating cash flow and free cash flow in recent periods. The free cash flow to net income ratio is unfavorable, reflecting difficulties in cash generation relative to earnings.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue109.07M484.76M269.59M337.54M525.42M
Gross Profit24.00M88.89M-35.19M37.28M-84.81M
EBITDA-36.89M23.68M-60.27M14.46M165.55M
Net Income-286.08M7.89M-84.02M-29.34M4.23M
Balance Sheet
Total Assets1.24B1.63B1.68B1.93B1.67B
Cash, Cash Equivalents and Short-Term Investments145.28M92.80M26.31M62.14M186.17M
Total Debt343.76M424.44M395.42M262.45M246.58M
Total Liabilities872.61M1.16B1.29B1.46B1.17B
Stockholders Equity327.55M477.49M386.18M470.20M498.88M
Cash Flow
Free Cash Flow-2.74M-98.65M-186.45M-102.55M-147.84M
Operating Cash Flow7.97M-98.63M-186.01M-102.17M-147.09M
Investing Cash Flow65.92M-78.02M-439.00K-18.14M-12.54M
Financing Cash Flow-10.38M152.40M142.01M-3.71M97.31M

Platt Nera International Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.20
Price Trends
50DMA
0.10
Positive
100DMA
0.08
Positive
200DMA
0.18
Positive
Market Momentum
MACD
0.02
Negative
RSI
84.80
Negative
STOCH
51.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1949, the sentiment is Positive. The current price of 0.2 is above the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.10, and above the 200-day MA of 0.18, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 84.80 is Negative, neither overbought nor oversold. The STOCH value of 51.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1949.

Platt Nera International Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
HK$116.46M11.052.10%4.19%-52.73%
73
Outperform
HK$79.48M7.724.70%7.75%14.53%57.55%
61
Neutral
$35.87B6.13-9.33%2.06%7.63%-6.38%
61
Neutral
HK$89.97M6.448.06%7.32%-9.11%-8.90%
53
Neutral
HK$131.57M-6.08%8.50%67.35%
52
Neutral
HK$104.00M20.59-70.43%-77.93%-3076.47%
44
Neutral
HK$105.82M-25.32%2.50%16.40%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1949
Platt Nera International Limited
0.20
-0.16
-44.44%
HK:0318
Vongroup Limited
0.43
0.11
34.37%
HK:0465
Futong Technology Development Holdings Ltd.
0.34
-0.06
-15.00%
HK:8033
Vodatel Networks Holdings Limited
0.13
0.00
0.00%
HK:8319
Expert Systems Holdings Ltd.
0.11
<0.01
10.00%
HK:8606
Kinetix Systems Holdings Limited
0.09
<0.01
12.50%

Platt Nera International Limited Corporate Events

Platt Nera International Limited Reports Strategic Securities Transactions
Aug 8, 2025

Platt Nera International Limited announced its recent transactions involving the disposal and purchase of listed securities on the Stock Exchange. During the period from April 2024 to February 2025, the company disposed of several securities, resulting in a gain of approximately HK$7.67 million, which was then reinvested into purchasing new shares for investment purposes. These transactions are classified as discloseable under the Listing Rules, requiring reporting and announcement but exempt from shareholder approval. The company’s strategic trading activities reflect its active management of investment portfolios and compliance with regulatory requirements.

Platt Nera International Announces New Share Subscription for Business Expansion
Aug 8, 2025

Platt Nera International Limited has entered into a Subscription Agreement to issue 160 million new shares at HK$0.107 per share, representing a 17.69% discount to the current market price. The proceeds, estimated at HK$16.98 million after expenses, will be used for business expansion and general working capital, enhancing the company’s financial standing and shareholder base.

Platt Nera International Limited Schedules Board Meeting for Interim Results
Aug 8, 2025

Platt Nera International Limited has announced that its board of directors will meet on August 28, 2025, to consider and approve the unaudited interim results for the first half of 2025. The meeting will also address the potential payment of an interim dividend and other business matters, which could have implications for the company’s financial strategies and stakeholder interests.

Platt Nera International Limited Appoints New Executive Director
Jul 9, 2025

Platt Nera International Limited has announced the appointment of Mr. Wu Shuyu as an executive director, effective from July 9, 2025. Mr. Wu brings extensive experience in business management and development, having held directorial positions in several companies in China. His appointment is for a term of one year, with a monthly remuneration of HK$20,000, reflecting the market rate and his expected contributions to the company. This strategic appointment is expected to enhance the company’s leadership and operational capabilities.

Platt Nera International Limited Announces Board Composition and Committee Roles
Jul 9, 2025

Platt Nera International Limited has announced the composition of its board of directors, which includes both executive and independent non-executive directors. The announcement also details the roles of each director within the company’s three board committees: Audit, Remuneration, and Nomination. This update provides stakeholders with clarity on the governance structure of the company, potentially impacting its strategic decisions and operational oversight.

Platt Nera Announces Board and Committee Changes
Jul 7, 2025

Platt Nera International Limited, a company incorporated in the Cayman Islands, has announced changes to its board of directors and board committees. Mr. Chan Chi Fai David has been appointed as an independent non-executive director, chairman of the remuneration committee, and a member of both the nomination and audit committees. Mr. Chan has confirmed his independence and lack of financial or other interests in the company, ensuring his impartiality in his new roles.

Platt Nera International Announces Board Reshuffle
Jul 3, 2025

Platt Nera International Limited has announced significant changes in its board of directors, with the resignation of Ms. Liu Guixiang as an executive director and Mr. Choi Sum Shing Samson as an independent non-executive director, effective July 3, 2025. Mr. Chan Chi Fai David has been appointed as the new independent non-executive director, bringing over 20 years of experience in auditing, accounting, and financial management. These changes are expected to influence the company’s governance and strategic direction, potentially impacting its market position and stakeholder relations.

Platt Nera International Limited Announces Board Composition
Jul 3, 2025

Platt Nera International Limited has announced the composition of its Board of Directors, highlighting the roles and functions of each member. The board includes Executive Directors and Independent Non-executive Directors, with specific members assigned to the Audit, Remuneration, and Nomination Committees. This announcement provides clarity on the governance structure, potentially impacting the company’s strategic direction and stakeholder confidence.

Platt Nera International Limited Updates Nomination Committee Composition
Jun 30, 2025

Platt Nera International Limited has announced a change in the composition of its Nomination Committee, with the appointment of Ms. Hong Yiwen as a member, effective from June 30, 2025. This change aligns with upcoming amendments to the Listing Rules and Corporate Governance Code, aiming to enhance the committee’s effectiveness and diversity, thereby improving the company’s corporate governance practices.

Platt Nera International Limited Announces Board Composition
Jun 30, 2025

Platt Nera International Limited has announced the composition of its board of directors, detailing the roles and functions of each member. The board includes both executive and independent non-executive directors, with specific members assigned to the audit, remuneration, and nomination committees. This announcement provides clarity on the governance structure of the company, which may impact its strategic direction and operational oversight.

Platt Nera International Limited Establishes Nomination Committee Guidelines
Jun 30, 2025

Platt Nera International Limited has announced the terms of reference for its Nomination Committee, which is tasked with formulating and implementing nomination policies for the company’s board of directors. The committee, comprising at least three members with a majority being independent non-executive directors, will review the board’s structure and diversity and nominate candidates to fill vacancies, thereby enhancing the company’s corporate strategy and governance.

Platt Nera International Limited’s AGM Resolutions Unanimously Approved
Jun 27, 2025

Platt Nera International Limited announced that all resolutions proposed at its Annual General Meeting (AGM) on June 27, 2025, were unanimously approved by shareholders. The resolutions included the adoption of financial statements, re-election of directors, authorization of directors’ remuneration, re-appointment of auditors, and granting of mandates for share buybacks and issuance. This unanimous approval reflects strong shareholder confidence in the company’s governance and strategic direction.

Platt Nera Announces Subsidiary Disposal in HK$12.8 Million Deal
Jun 10, 2025

Platt Nera International Limited has announced a discloseable transaction involving the disposal of its subsidiaries. On June 10, 2025, the company, through its vendor Globe Fortune, entered into a Sale and Purchase Agreement with an independent third-party purchaser and its guarantor. The agreement involves the sale of the entire issued share capital and all obligations, liabilities, and debts of a target company for a total consideration of HK$12,800,000. This transaction results in the target company ceasing to be an indirectly owned subsidiary of Platt Nera, and its financial results will no longer be consolidated into the group’s accounts. The transaction is subject to reporting and announcement requirements under the Listing Rules, as it constitutes a discloseable transaction with applicable percentage ratios exceeding 5% but less than 25%.

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 12, 2025