Tongda Hong Tai Holdings Ltd (HK:2363)
:2363
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Tongda Hong Tai Holdings Ltd
(2363)
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Rating:44Neutral
Price Target:
HK$0.31
▼(-20.51% Downside)
Action:UpgradedDate:01/29/26
The score is primarily held down by weak financial performance (declining revenues, persistent losses, and a highly leveraged balance sheet with negative equity). Technicals also remain subdued with negative MACD and the price below key moving averages. Valuation is only modestly supportive with a mid-range P/E and no dividend yield data.
Positive Factors
Operating cash flow improvement
A shift to positive operating cash flow is a durable improvement in core cash generation, easing near-term liquidity stress and enabling operational continuity. Sustained OCF supports working capital, supplier relationships and creates a platform for gradual deleveraging if maintained.
Negative Factors
Highly leveraged balance sheet
Negative shareholders' equity and elevated leverage create structural solvency and refinancing risk, limiting financial flexibility. Over months this constraint raises borrowing costs, restricts investment in manufacturing upgrades, and increases vulnerability to demand shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating cash flow improvement
A shift to positive operating cash flow is a durable improvement in core cash generation, easing near-term liquidity stress and enabling operational continuity. Sustained OCF supports working capital, supplier relationships and creates a platform for gradual deleveraging if maintained.
Read all positive factors
Tongda Hong Tai Holdings Ltd (2363) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$68.42M
Dividend YieldN/A
Average Volume (3M)11.17K
Price to Earnings (P/E)―
Beta (1Y)-0.30
Revenue Growth53.37%
EPS Growth-75.77%
CountryHK
Employees22
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-0.14
Shares Outstanding204,224,080
10 Day Avg. Volume12,342
30 Day Avg. Volume11,168
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)-0.36
Price to Sales (P/S)0.87
P/FCF Ratio27.70
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
Tongda Hong Tai Holdings Ltd Business Overview & Revenue Model
Company Description
Tongda Hong Tai Holdings Limited, an investment holding company, manufactures and sells casings for notebooks and tablets in Mainland China. It also offers other related accessories. The company was founded in 2008 and is headquartered in Wan Chai...
How the Company Makes Money
Tongda Hong Tai generates revenue through the sale of its manufactured electronic components and assembly services. The company has established key revenue streams from its core operations in producing high-quality plastic and metal parts, which a...
Tongda Hong Tai Holdings Ltd Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
30
Negative
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 100.62M | 71.59M | 91.26M | 150.54M | 370.69M | 472.37M |
| Gross Profit | 11.90M | 3.20M | 331.00K | -113.93M | -110.78M | -17.46M |
| EBITDA | 17.13M | -11.64M | -23.86M | -213.23M | -178.37M | -132.00M |
| Net Income | 3.22M | -25.66M | -37.85M | -231.42M | -196.96M | -165.27M |
Balance Sheet | ||||||
| Total Assets | 158.49M | 164.61M | 87.70M | 146.38M | 433.85M | 611.89M |
| Cash, Cash Equivalents and Short-Term Investments | 81.37M | 85.29M | 6.28M | 7.60M | 11.04M | 36.71M |
| Total Debt | 284.60M | 261.09M | 73.28M | 213.69M | 305.08M | 284.91M |
| Total Liabilities | 334.49M | 336.00M | 320.90M | 349.80M | 476.85M | 467.86M |
| Stockholders Equity | -176.00M | -171.39M | -233.20M | -203.42M | -43.00M | 144.03M |
Cash Flow | ||||||
| Free Cash Flow | -4.03M | 2.24M | -4.76M | -30.90M | -34.26M | 33.48M |
| Operating Cash Flow | -4.03M | 2.24M | -4.17M | -29.71M | -27.66M | 40.76M |
| Investing Cash Flow | 3.94M | 7.74M | 7.46M | -1.33M | -6.49M | -6.85M |
| Financing Cash Flow | -6.43M | 68.37M | -3.97M | 26.53M | 11.60M | -29.88M |
Tongda Hong Tai Holdings Ltd Technical Analysis
Positive
0.39
Price Trends
0.32
Positive
0.33
Positive
0.35
Negative
Market Momentum
<0.01
Negative
70.55
Negative
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2363, the sentiment is Positive. The current price of 0.39 is above the 20-day moving average (MA) of 0.32, above the 50-day MA of 0.32, and above the 200-day MA of 0.35, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 70.55 is Negative, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2363.
Tongda Hong Tai Holdings Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$184.00M | 4.05 | 44.73% | ― | 25.67% | -6.77% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | HK$97.60M | -4.89 | -3.32% | ― | -17.44% | -66.75% | |
49 Neutral | HK$58.14M | 15.08 | -3.24% | ― | -13.62% | 40.15% | |
45 Neutral | HK$101.46M | -15.77 | -1.28% | 14.63% | -6.48% | 74.69% | |
44 Neutral | HK$68.42M | -3.22 | -1.86% | ― | 53.37% | -75.77% | |
43 Neutral | HK$49.40M | -0.65 | ― | ― | -84.61% | -14.10% |
* Technology Sector Average
HK:2363
Tongda Hong Tai Holdings Ltd
0.34
0.04
11.67%
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0.38
0.04
11.76%
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0.31
<0.01
1.67%
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-50.57%
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Keen Ocean International Holding Ltd.
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109.09%
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-13.04%
Tongda Hong Tai Holdings Ltd Corporate Events
Tongda Hong Tai Holdings Ltd Announces Change of Auditor
Dec 11, 2025
Tongda Hong Tai Holdings Ltd, a company listed on the Hong Kong Stock Exchange, has announced a change in its auditing firm. The previous auditor, D Partners CPA Limited, resigned due to considerations regarding audit fees and internal resources....
Tongda Hong Tai Holdings Announces Leadership Changes
Dec 2, 2025
Tongda Hong Tai Holdings Limited, a company incorporated in the Cayman Islands, has announced significant changes in its leadership and committee roles effective from December 2, 2025. Mr. Lee King On Jeff has resigned from his positions as Board ...
Tongda Hong Tai Holdings Announces Board Composition and Committee Roles
Dec 2, 2025
Tongda Hong Tai Holdings Limited has announced the composition of its board of directors and their roles within the company’s committees. The board consists of five directors, including two executive directors and three independent non-execu...
Tongda Hong Tai Holdings Updates on Net Proceeds and Share Option Scheme
Nov 26, 2025
Tongda Hong Tai Holdings Limited has issued a supplemental announcement regarding its 2024 Annual Report. The company disclosed that the net proceeds from a rights issue, initially intended for loan repayment and working capital, have not been ful...
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.