Platt Nera International Limited (1949) AI Stock Analysis

• Market Cap: HK$52.80M
• Dividend Yield: N/A
• Average Volume (3M): 606.20K
• Price to Earnings (P/E): 20.6
• Beta (1Y): 0.87
• Revenue Growth: -77.93%
• EPS Growth: -3076.47%
• Country: HK
• Employees: 56
• Sector: Technology
• Sector Strength: 86
• Industry: Information Technology Services
• EPS (TTM): -0.10
• Shares Outstanding: 800,000,000
• 10 Day Avg. Volume: 308,400
• 30 Day Avg. Volume: 606,200
• PEG Ratio: <0.01
• Price to Book (P/B): 0.59
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 10.54
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 44 Neutral
• Price Target: ―

The overall score reflects significant financial difficulties, particularly in revenue and profitability, alongside negative cash flows and high leverage. Technical indicators suggest bearish trends with weak market momentum, while valuation metrics underscore the company's challenges. Strategic interventions are crucial for improvement.

Platt Nera International Limited Business Overview & Revenue Model

Company Description

Platt 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 Money

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. Strategic measures may be needed to improve financial health and operational efficiency.

Income Statement

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

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

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.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	109.07M	484.76M	269.59M	337.54M	525.42M
Gross Profit	24.00M	88.89M	-35.19M	37.28M	-84.81M
EBITDA	-36.89M	23.68M	-60.27M	14.46M	165.55M
Net Income	-286.08M	7.89M	-84.02M	-29.34M	4.23M
Balance Sheet
Total Assets	1.24B	1.63B	1.68B	1.93B	1.67B
Cash, Cash Equivalents and Short-Term Investments	145.28M	92.80M	26.31M	62.14M	186.17M
Total Debt	343.76M	424.44M	395.42M	262.45M	246.58M
Total Liabilities	872.61M	1.16B	1.29B	1.46B	1.17B
Stockholders Equity	327.55M	477.49M	386.18M	470.20M	498.88M
Cash Flow
Free Cash Flow	-2.74M	-98.65M	-186.45M	-102.55M	-147.84M
Operating Cash Flow	7.97M	-98.63M	-186.01M	-102.17M	-147.09M
Investing Cash Flow	65.92M	-78.02M	-439.00K	-18.14M	-12.54M
Financing Cash Flow	-10.38M	152.40M	142.01M	-3.71M	97.31M

Platt Nera International Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.07
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1949, the sentiment is Negative. The current price of 0.07 is above the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.07, and below the 200-day MA of 0.22, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.25 is Neutral, neither overbought nor oversold. The STOCH value of 60.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1949.

Platt Nera International Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0318	75 Outperform	HK$92.08M	4.03	4.60%	―	-0.22%	61.69%
8033	71 Outperform	HK$75.17M	7.31	4.70%	8.20%	14.53%	57.55%
8319	69 Neutral	HK$90.77M	6.49	8.06%	7.26%	-8.25%	-14.22%
8606	53 Neutral	HK$141.69M	―	-6.08%	―	8.50%	67.35%
Sector *	50 Neutral	AU$1.46B	1.74	-28.24%	3.29%	16.24%	-7.89%
1949	44 Neutral	HK$52.80M	20.59	-70.43%	―	-77.93%	-3076.47%
0465	42 Neutral	HK$82.48M	―	-25.32%	―	2.50%	16.40%

Platt Nera International Limited Corporate Events

Platt Nera International Limited’s AGM Resolutions Unanimously Approved

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

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%.

Platt Nera International Limited Announces AGM with Key Resolutions

Platt Nera International Limited has announced its Annual General Meeting scheduled for June 27, 2025, in Bangkok, Thailand. The meeting will address several key resolutions, including the adoption of the company’s audited financial statements for 2024, re-election of directors, re-appointment of auditors, and granting mandates to the board for share buy-backs and issuance of additional shares. These resolutions are aimed at strengthening the company’s governance and operational capabilities, potentially impacting its market position and shareholder value.

Platt Nera Completes Share Placement, Raises HK$9.25 Million

Platt Nera International Limited announced the successful completion of a share placement, issuing 120 million new shares under a general mandate. The placement raised approximately HK$9.25 million in net proceeds, which the company plans to use for general working capital, including administrative expenses and loan repayments. This move slightly diluted existing shareholders but did not result in any new substantial shareholders, maintaining the company’s public shareholder base.

Platt Nera Reports Significant Revenue Decline and Net Loss for FY2024

Platt Nera International Limited announced its annual results for the year ended December 31, 2024, reporting a significant revenue decrease of 77.5% to THB109.1 million compared to the previous year. The company also recorded a net loss of THB286.1 million, attributed to the completion of key projects, lack of new major projects, and provisions for asset impairment, impacting its financial performance and market positioning.