TBK & Sons Holdings Limited (1960) AI Stock Analysis

• Market Cap: HK$144.00M
• Dividend Yield: N/A
• Average Volume (3M): 39.50K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.27
• Revenue Growth: 99.25%
• EPS Growth: -32.33%
• Country: HK
• Employees: 509
• Sector: Industrials
• Sector Strength: 90
• Industry: Engineering & Construction
• EPS (TTM): -0.05
• Shares Outstanding: 1,000,000,000
• 10 Day Avg. Volume: 29,000
• 30 Day Avg. Volume: 39,500
• PEG Ratio: 0.13
• Price to Book (P/B): 0.70
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -19.42
• 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: Hold
• Number of Analyst Covering: 0

• Rating: 49 Neutral
• Price Target: HK$0.00 ▼(-100.00%Downside)

The overall stock score for TBK & Sons Holdings Limited is primarily impacted by its weak financial performance, characterized by declining revenues and profitability, as well as cash flow difficulties. While technical analysis shows some positive trends, the negative valuation due to unprofitability and lack of dividend yield weighs heavily against the stock.

TBK & Sons Holdings Limited Business Overview & Revenue Model

Company Description

TBK & Sons Holdings Limited (1960) is a diversified company operating in various sectors, including construction, engineering, and infrastructure development. The company is primarily engaged in providing construction services and managing infrastructure projects, focusing on delivering high-quality and sustainable solutions to its clients. Its core services include project management, civil engineering, and the construction of residential, commercial, and industrial buildings.

How the Company Makes Money

TBK & Sons Holdings Limited generates revenue primarily through contracts for construction and engineering projects. The company's key revenue streams include fees from project management, construction services, and infrastructure development. It often engages in long-term contracts with government bodies and private sector clients, ensuring a steady flow of income. Additionally, TBK & Sons Holdings Limited may form strategic partnerships with other construction firms or technology providers to enhance its service offerings and expand its market reach, contributing to its financial performance.

TBK & Sons Holdings Limited Financial Statement Overview

Summary

TBK & Sons Holdings Limited is facing significant financial challenges, with declining revenues and profitability. The income statement reflects a negative EBIT and net income, while cash flow issues indicate liquidity problems. The balance sheet remains stable but shows declining assets and equity.

Income Statement

TBK & Sons Holdings Limited has experienced a significant decline in revenue over the past few years. The company reported a negative EBIT and net income in 2024, reflecting operational challenges and declining profitability. Gross profit margin has significantly decreased, indicating pressure on cost management. The net profit margin also turned negative, highlighting the company's struggle to generate profit. Despite these challenges, the company has shown the ability to generate revenue, although at a declining rate.

Balance Sheet

The balance sheet of TBK & Sons Holdings Limited reveals a stable equity position with a debt-to-equity ratio that remains relatively low, suggesting manageable leverage. However, the declining stockholders' equity and total assets over the recent periods indicate potential concerns about asset management and equity preservation. The equity ratio remains healthy, reflecting a solid foundation despite the reduction in total assets.

Cash Flow

The cash flow situation is concerning, with negative operating cash flow and free cash flow in recent years. The free cash flow growth has been negative, and the operating cash flow to net income ratio indicates inefficiency in converting income into cash. This highlights the company's challenges in maintaining liquidity and funding operations through internal cash generation.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	288.09M	367.94M	825.91M	189.08M	151.15M
Gross Profit	4.89M	14.22M	30.88M	13.30M	34.03M
EBITDA	-34.06M	-4.28M	18.92M	1.50M	18.58M
Net Income	-32.74M	-8.72M	10.40M	602.00K	12.14M
Balance Sheet
Total Assets	181.52M	197.70M	241.38M	164.61M	183.19M
Cash, Cash Equivalents and Short-Term Investments	29.54M	45.93M	74.16M	72.61M	52.98M
Total Debt	4.79M	9.29M	11.11M	7.99M	9.25M
Total Liabilities	74.29M	53.24M	88.54M	25.90M	43.60M
Stockholders Equity	110.92M	143.01M	151.57M	138.71M	139.59M
Cash Flow
Free Cash Flow	-12.10M	-29.34M	-5.09M	-2.76M	19.64M
Operating Cash Flow	-11.98M	-28.53M	-4.10M	-1.97M	19.91M
Investing Cash Flow	-386.00K	899.00K	9.06M	31.11M	-36.71M
Financing Cash Flow	-5.35M	-1.23M	-5.47M	-1.70M	48.98M

TBK & Sons Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.14
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1960, the sentiment is Positive. The current price of 0.14 is above the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.13, and above the 200-day MA of 0.14, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 54.76 is Neutral, neither overbought nor oversold. The STOCH value of 56.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1960.

TBK & Sons Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1793	73 Outperform	HK$148.00M	19.89	2.66%	6.49%	36.65%	60.00%
Sector *	67 Neutral	€8.10B	20.81	6.46%	2.90%	1.89%	-38.99%
1742	57 Neutral	HK$128.00M	1.00	22.73%	―	-3.44%	1060.87%
1707	51 Neutral	HK$176.40M	―	-9.34%	―	-40.18%	3.09%
1960	49 Neutral	HK$144.00M	―	-23.85%	―	99.25%	-32.33%

TBK & Sons Holdings Limited Corporate Events

TBK & Sons Holdings Limited Issues US$9.5 Million Promissory Note

TBK & Sons Holdings Limited announced the issuance of a promissory note worth up to US$9.5 million through its wholly-owned subsidiary, TBKS Investments (B.V.I.) Ltd. The funds raised will be used as general working capital for the company’s operations in Malaysia and Hong Kong, potentially enhancing its financial flexibility and operational capacity.

TBK & Sons Holdings Limited Updates Nomination Committee Terms

TBK & Sons Holdings Limited has revised the terms of reference for its Nomination Committee, initially adopted in 2019, with changes effective from June 2025. The committee, primarily composed of independent non-executive directors, is responsible for overseeing the nomination process within the company, ensuring transparency and fairness in the selection of board members. This update reflects the company’s commitment to maintaining robust governance practices and adapting to evolving corporate governance standards.

TBK & Sons Holdings Announces Auditor Change and Nomination Committee Update

TBK & Sons Holdings Limited has announced a change in its auditing firm and the composition of its Nomination Committee. BDO Limited resigned as the company’s auditor due to a disagreement over audit fees, and Asian Alliance (HK) CPA Limited has been appointed as the new auditor. This change is expected to maintain audit quality and improve cost-effectiveness. Additionally, Ms. Venny has been appointed to the Nomination Committee, replacing Mr. Tan Han Peng, in line with updated corporate governance requirements.

TBK & Sons Holdings Limited Announces Board Composition and Roles

TBK & Sons Holdings Limited, incorporated in the Cayman Islands, has announced the composition of its board of directors and their respective roles within the company. The board comprises executive directors, a non-executive director, and independent non-executive directors, each serving on various board committees such as the Audit, Remuneration, and Nomination Committees. This announcement provides clarity on the governance structure of the company, which is crucial for maintaining transparency and effective management, potentially impacting stakeholder confidence and the company’s strategic direction.

TBK & Sons Announces Director Resignation and New Appointment

TBK & Sons Holdings Limited has announced the resignation of Ms. Chooi Pey Nee as a non-executive director, effective April 30, 2025, due to her personal commitments. The company has appointed Ms. Venny, who brings over a decade of experience in management and business development, as her replacement. The board believes that Ms. Venny’s expertise and connections will enhance the company’s operations in the oil and gas sector, potentially creating synergies and strengthening its market position.

TBK & Sons Holdings Limited Announces Board Composition and Committee Roles

TBK & Sons Holdings Limited has announced the composition of its board of directors, which includes executive, non-executive, and independent non-executive directors. The board is led by Chairman Mr. Tan Hun Tiong and CEO Mr. Tan Han Peng. The announcement also details the membership of various board committees, highlighting the roles and responsibilities of each director within these committees. This update provides stakeholders with clarity on the governance structure and leadership roles within the company, potentially impacting its strategic direction and decision-making processes.