Platt Nera International Limited (1949) AI Stock Analysis

• Market Cap: HK$128.64M
• Dividend Yield: N/A
• Average Volume (3M): 863.77K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.18
• Revenue Growth: -78.41%
• EPS Growth: -3530.77%
• Country: HK
• Employees: 56
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): -0.07
• Shares Outstanding: 192,000,000
• 10 Day Avg. Volume: 1,113,800
• 30 Day Avg. Volume: 863,766
• PEG Ratio: <0.01
• Price to Book (P/B): 0.60
• Price to Sales (P/S): 1.81
• P/FCF Ratio: -72.11
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: HK$0.18 ▼(-76.53% Downside)

The overall stock score is primarily influenced by the company's weak financial performance and poor valuation metrics. Technical analysis provides some support with neutral indicators, but the lack of earnings call data and corporate events leaves the financial challenges as the dominant factor.

Positive Factors

Business Model Strength

Platt Nera's diversified product range across multiple industries like automotive and aerospace provides resilience against sector-specific downturns, supporting long-term stability.

Market Position

By serving multiple high-demand industries, Platt Nera secures a robust market position, enhancing its ability to capture growth opportunities and maintain competitive advantages.

Customer Loyalty

Strong customer loyalty and repeat business indicate a reliable revenue base, which can stabilize cash flows and support long-term growth despite current financial challenges.

Negative Factors

Revenue Decline

A significant decline in revenue growth suggests potential challenges in market demand or competitive pressures, which could impact the company's ability to sustain operations and invest in growth.

High Debt Load

High leverage increases financial risk, potentially limiting the company's ability to invest in new opportunities and affecting its long-term financial health.

Negative Cash Flow

Negative cash flow indicates difficulties in generating sufficient cash to cover operations, which could hinder the company's ability to meet obligations and invest in future growth.

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 generates revenue through multiple streams, primarily through the sale of its industrial products and components. The company's core revenue model is based on direct sales to businesses in various sectors, supported by a robust distribution network that enhances market reach. Key revenue streams include bulk orders from manufacturing firms, long-term contracts with major industrial clients, and the provision of specialized engineering services. Additionally, strategic partnerships with technology innovators and suppliers allow Platt Nera to expand its product offerings and market presence, further driving revenue growth. The company also benefits from repeat business and customer loyalty, bolstered by its commitment to quality and innovation.

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

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	73.01M	109.07M	484.76M	269.59M	337.54M	525.42M
Gross Profit	12.24M	24.00M	88.89M	-35.19M	37.28M	-84.81M
EBITDA	-72.17M	-36.89M	23.68M	-60.27M	14.46M	165.55M
Net Income	-333.01M	-286.08M	7.89M	-84.02M	-29.34M	4.23M
Balance Sheet
Total Assets	1.03B	1.24B	1.63B	1.68B	1.93B	1.67B
Cash, Cash Equivalents and Short-Term Investments	171.83M	145.28M	92.80M	26.31M	62.14M	186.17M
Total Debt	262.32M	343.76M	424.44M	395.42M	300.19M	246.58M
Total Liabilities	706.72M	872.61M	1.16B	1.29B	1.46B	1.17B
Stockholders Equity	324.23M	327.55M	477.49M	386.18M	470.20M	498.88M
Cash Flow
Free Cash Flow	16.87M	-2.74M	-98.65M	-186.45M	-102.55M	-147.84M
Operating Cash Flow	23.04M	7.97M	-98.63M	-186.01M	-102.17M	-147.09M
Investing Cash Flow	28.31M	65.92M	-78.02M	-439.00K	-18.14M	-12.54M
Financing Cash Flow	-15.12M	-10.38M	152.40M	142.01M	-3.71M	97.31M

Platt Nera International Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 0.75 is below the 20-day moving average (MA) of 0.77, below the 50-day MA of 0.82, and above the 200-day MA of 0.70, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 37.78 is Neutral, neither overbought nor oversold. The STOCH value of 15.28 is Positive, 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
8319	71 Outperform	HK$96.39M	7.60	7.12%	6.41%	3.21%	-12.00%
0318	69 Neutral	HK$184.49M	15.44	2.10%	―	4.19%	-52.73%
8033	66 Neutral	HK$75.78M	5.21	6.73%	7.87%	-1.57%	-18.62%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
0465	50 Neutral	HK$236.55M	-3.12	-29.34%	―	-18.19%	4.52%
8606	48 Neutral	HK$86.75M	-59.09	-1.95%	―	5.01%	82.54%
1949	46 Neutral	HK$128.64M	-1.21	-83.97%	―	-78.41%	-3530.77%

Platt Nera International Limited Corporate Events

Platt Nera Extends Deadline for HK$8.8 Million Balance on Subsidiary Disposal

Platt Nera International Limited has agreed with the purchaser of its subsidiary, Globe Wealth (HK) Limited, to extend the deadline for the final balance payment of HK$8.8 million from 31 December 2025 to 30 June 2026 via a supplemental agreement signed on 30 December 2025. All other terms and conditions of the original sale and purchase agreement remain unchanged, indicating the disposal is proceeding as planned while providing the buyer additional time to secure funds, which may slightly delay cash inflows to the company but does not alter the overall transaction structure.

The most recent analyst rating on (HK:1949) stock is a Hold with a HK$0.18 price target. To see the full list of analyst forecasts on Platt Nera International Limited stock, see the HK:1949 Stock Forecast page.

Platt Nera Announces Share Consolidation Following EGM Approval

Platt Nera International Limited announced the successful passing of a resolution at its Extraordinary General Meeting held on December 3, 2025. The resolution involves a share consolidation where every five issued and unissued ordinary shares will be consolidated into one share, effectively changing the par value from HK$0.01 to HK$0.05. This move is aimed at streamlining the company’s share structure and potentially enhancing shareholder value.

The most recent analyst rating on (HK:1949) stock is a Hold with a HK$0.18 price target. To see the full list of analyst forecasts on Platt Nera International Limited stock, see the HK:1949 Stock Forecast page.

Platt Nera Announces Share Consolidation at Upcoming EGM

Platt Nera International Limited has announced an extraordinary general meeting scheduled for December 3, 2025, in Bangkok, Thailand. The meeting will focus on a resolution to consolidate the company’s shares, changing the par value from HK$0.01 to HK$0.05, effectively reducing the number of shares while maintaining the same total share capital. This move is aimed at streamlining the company’s share structure, potentially impacting shareholder value and market perception.

The most recent analyst rating on (HK:1949) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Platt Nera International Limited stock, see the HK:1949 Stock Forecast page.

Platt Nera Addresses Non-Compliance in Securities Transactions

Platt Nera International Limited has issued a supplemental announcement regarding non-compliance with discloseable transaction requirements related to purchases and disposals of securities. The company identified errors in its internal size test criteria and reference guide, which led to the oversight of disclosure requirements for several transactions. The company has since taken remedial measures, including engaging an external legal advisor to provide training to its board and management on compliance with listing rules.

The most recent analyst rating on (HK:1949) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Platt Nera International Limited stock, see the HK:1949 Stock Forecast page.

Platt Nera International Proposes Share Consolidation and Board Lot Size Change

Platt Nera International Limited has announced a proposed share consolidation where every five existing shares will be consolidated into one consolidated share, maintaining the authorized share capital at HK$100,000,000. This move aims to streamline the company’s share structure without altering the total authorized capital. Additionally, the board lot size for trading on the Stock Exchange will change from 2,000 existing shares to 4,000 consolidated shares, potentially impacting trading dynamics and shareholder engagement.

The most recent analyst rating on (HK:1949) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Platt Nera International Limited stock, see the HK:1949 Stock Forecast page.