Brainhole Technology Limited (HK:2203)
:2203
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Brainhole Technology Limited
(2203)
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Rating:46Neutral
Price Target:
HK$0.20
▼(-1.50% Downside)
Action:ReiteratedDate:01/16/26
The score is primarily held down by very weak financial performance (declining revenue, negative margins, negative operating/free cash flow, and high leverage). Technical indicators are somewhat supportive (price above key moving averages with positive MACD), but valuation is not compelling given the negative P/E and lack of dividend yield data.
Positive Factors
Recurring, diversified revenue
A subscription-led SaaS model combined with consulting, licensing and cloud partnerships creates recurring revenue and multiple monetization routes. This mix supports predictable cash inflows, client stickiness and cross-sell opportunities that underpin sustainable revenue generation over months to years.
Negative Factors
Declining revenue and negative margins
Negative gross and net margins mean core operations currently lose money: costs exceed sales and company-wide profitability is deeply negative. Persistent revenue declines combined with unprofitable unit economics undermine scalability and long-term margin recovery without structural fixes.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring, diversified revenue
A subscription-led SaaS model combined with consulting, licensing and cloud partnerships creates recurring revenue and multiple monetization routes. This mix supports predictable cash inflows, client stickiness and cross-sell opportunities that underpin sustainable revenue generation over months to years.
Read all positive factors
Brainhole Technology Limited (2203) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$142.40M
Dividend YieldN/A
Average Volume (3M)1.59M
Price to Earnings (P/E)―
Beta (1Y)0.87
Revenue Growth-47.92%
EPS Growth-869.15%
CountryHK
Employees267
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.02
Shares Outstanding800,000,000
10 Day Avg. Volume944,100
30 Day Avg. Volume1,585,700
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-3.06
Price to Sales (P/S)1.51
P/FCF Ratio-4.58
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
Brainhole Technology Limited Business Overview & Revenue Model
Company Description
Brainhole Technology Limited, an investment holding company, engages in the assembly, packaging, and sale of discrete semiconductors with a primary focus on applications for smart consumer electronic devices. The company operates through Manufactu...
How the Company Makes Money
Brainhole Technology Limited generates revenue through multiple key streams, primarily focusing on the sales of its proprietary software solutions and data analytics services. The company employs a subscription-based model for its software product...
Brainhole Technology Limited Financial Statement Overview
Summary
Income Statement
15
Very Negative
Balance Sheet
25
Negative
Cash Flow
20
Very Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 89.08M | 119.99M | 220.81M | 263.57M | 321.57M | 261.81M |
| Gross Profit | -8.30M | -6.45M | 27.63M | 48.54M | 54.11M | 33.52M |
| EBITDA | -74.86M | -88.09M | -18.99M | -34.46M | -19.62M | -37.50M |
| Net Income | -145.78M | -127.88M | -34.12M | -57.61M | -51.55M | -58.76M |
Balance Sheet | ||||||
| Total Assets | 135.27M | 152.74M | 279.20M | 333.42M | 353.63M | 370.34M |
| Cash, Cash Equivalents and Short-Term Investments | 76.59M | 74.80M | 111.75M | 107.92M | 42.64M | 74.15M |
| Total Debt | 63.70M | 163.71M | 138.78M | 147.44M | 84.93M | 113.13M |
| Total Liabilities | 107.35M | 211.81M | 212.43M | 231.84M | 211.31M | 183.70M |
| Stockholders Equity | 27.92M | -59.07M | 66.76M | 101.58M | 142.32M | 186.64M |
Cash Flow | ||||||
| Free Cash Flow | -27.44M | -39.49M | 27.21M | -113.92M | -4.96M | -18.72M |
| Operating Cash Flow | -27.13M | -38.96M | 32.19M | -106.08M | -535.00K | -4.92M |
| Investing Cash Flow | 18.27M | 4.23M | 6.00M | 11.45M | 1.48M | -55.08M |
| Financing Cash Flow | -15.14M | 19.45M | -20.10M | 76.53M | -31.00M | 80.58M |
Brainhole Technology Limited Technical Analysis
Negative
0.20
Price Trends
0.20
Negative
0.21
Negative
0.21
Negative
Market Momentum
>-0.01
Positive
33.09
Neutral
-0.38
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2203, the sentiment is Negative. The current price of 0.2 is above the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.20, and below the 200-day MA of 0.21, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 33.09 is Neutral, neither overbought nor oversold. The STOCH value of -0.38 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2203.
Brainhole Technology Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | HK$114.00M | 47.44 | -2.54% | ― | -6.45% | -596.43% | |
46 Neutral | HK$142.40M | -4.27 | 935.92% | ― | -47.92% | -869.15% | |
46 Neutral | HK$47.44M | -0.43 | -42.14% | ― | ― | ― | |
45 Neutral | HK$116.54M | -3.94 | 55.50% | ― | 37.63% | 56.51% | |
41 Neutral | HK$58.56M | -1.39 | -47.29% | ― | -26.02% | -4977.27% |
* Technology Sector Average
HK:2203
Brainhole Technology Limited
0.18
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Brainhole Technology Limited Corporate Events
Brainhole Technology Announces Strategic Securities Transactions
Nov 18, 2025
Brainhole Technology Limited has announced two significant financial transactions involving the acquisition and disposal of listed securities. The company acquired 34,300 shares of Canadian Solar for approximately US$1.0 million, funded by the pro...
Brainhole Technology Granted Waiver for Circular Dispatch Delay
Nov 13, 2025
Brainhole Technology Limited has been granted a waiver from strict compliance with Rule 14.41(a) of the Listing Rules by the Hong Kong Stock Exchange, allowing for a delay in the dispatch of a circular related to its further acquisition of TeraWul...
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.