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Kaisun Holdings Limited
(8203)
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Rating:43Neutral
Price Target:
HK$0.11
▼(-51.36% Downside)
Action:Upgraded
Date:07/10/26
The score is primarily constrained by weak financial quality—especially persistent negative equity and a return to losses in 2025—despite relatively resilient operating/free cash flow. Technicals add further pressure as the stock remains in a clear downtrend with negative MACD. Valuation is not supportive given the negative P/E and no provided dividend yield.
Positive Factors
Revenue Growth
Material top-line expansion demonstrates the company has been able to win business and expand scale over the reported period. Durable revenue growth supports long-term investment in operations, provides scope for unit-cost reductions, and underpins recovery if margins stabilize.
Negative Factors
Persistent Negative Equity
Sustained negative shareholders' equity reflects accumulated losses and erodes the capital buffer that protects creditors and funds growth. This structural weakness constrains access to capital, limits strategic flexibility, and increases vulnerability to adverse shocks over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Material top-line expansion demonstrates the company has been able to win business and expand scale over the reported period. Durable revenue growth supports long-term investment in operations, provides scope for unit-cost reductions, and underpins recovery if margins stabilize.
Read all positive factors
Kaisun Holdings Limited (8203) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$80.34M
Dividend YieldN/A
Average Volume (3M)22.63K
Price to Earnings (P/E)―
Beta (1Y)0.49
Revenue Growth-12.80%
EPS Growth-627.56%
CountryHK
Employees107
SectorEnergy
Sector Strength52
IndustryCoal
Share Statistics
EPS (TTM)-0.02
Shares Outstanding583,415,830
10 Day Avg. Volume5,600
30 Day Avg. Volume22,633
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-1.75
Price to Sales (P/S)0.16
P/FCF Ratio7.31
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
Kaisun Holdings Limited Business Overview & Revenue Model
Company Description
Kaisun Holdings Limited, an investment holding enterprise founded in Hong Kong in 2002, primarily focuses on the coal sector. Its core activities span the entire value chain, from the extraction, exploitation, and processing to the production and ...
How the Company Makes Money
null...
Kaisun Holdings Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
22
Negative
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 941.38M | 969.93M | 1.11B | 298.94M | 266.69M | 156.58M |
| Gross Profit | 85.14M | 56.65M | 135.57M | 79.30M | 11.13M | 6.99M |
| EBITDA | 9.34M | 36.36M | 45.74M | 4.65M | 13.71M | -48.73M |
| Net Income | -15.48M | -47.47M | 8.88M | -31.89M | -15.23M | -66.18M |
Balance Sheet | ||||||
| Total Assets | 745.04M | 512.65M | 741.00M | 526.15M | 531.73M | 368.39M |
| Cash, Cash Equivalents and Short-Term Investments | 36.22M | 59.96M | 106.79M | 49.69M | 48.35M | 56.37M |
| Total Debt | 46.85M | 47.17M | 46.96M | 47.14M | 47.66M | 65.94M |
| Total Liabilities | 790.95M | 582.28M | 758.94M | 557.33M | 532.57M | 337.63M |
| Stockholders Equity | -63.68M | -87.41M | -38.99M | -50.62M | -16.97M | 11.79M |
Cash Flow | ||||||
| Free Cash Flow | -32.71M | 20.99M | 59.66M | 4.66M | -2.74M | 707.00K |
| Operating Cash Flow | -2.60M | 33.80M | 127.06M | 13.18M | 34.68M | 9.45M |
| Investing Cash Flow | -30.28M | -38.64M | -66.20M | -8.06M | -37.25M | -8.37M |
| Financing Cash Flow | 10.31M | -16.42M | -186.00K | -814.00K | -931.00K | -1.29M |
Kaisun Holdings Limited Technical Analysis
Negative
0.22
Price Trends
0.16
Negative
0.19
Negative
0.23
Negative
Market Momentum
-0.01
Positive
32.95
Neutral
66.35
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8203, the sentiment is Negative. The current price of 0.22 is above the 20-day moving average (MA) of 0.14, above the 50-day MA of 0.16, and below the 200-day MA of 0.23, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 32.95 is Neutral, neither overbought nor oversold. The STOCH value of 66.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8203.
Kaisun Holdings Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$107.15M | -14.84 | 8.91% | ― | 18.63% | -109.60% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
54 Neutral | HK$458.48M | 33.86 | 1.08% | ― | -44.01% | -93.31% | |
47 Neutral | HK$114.98M | -3.00 | -1.47% | ― | ― | ― | |
46 Neutral | HK$47.88M | -0.87 | -41.36% | ― | -10.71% | 4.63% | |
43 Neutral | HK$80.34M | -1.36 | ― | ― | -12.80% | -627.56% | |
43 Neutral | HK$37.17M | -1.07 | -6.17% | ― | 0.71% | -171.04% |
* Energy Sector Average
HK:8203
Kaisun Holdings Limited
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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.