Boltek Holdings Ltd. (8601) AI Stock Analysis

• Market Cap: HK$179.20M
• Dividend Yield: 5.14%
• Average Volume (3M): 42.67K
• Price to Earnings (P/E): 7.3
• Beta (1Y): 0.22
• Revenue Growth: 4.57%
• EPS Growth: 8.55%
• Country: HK
• Employees: 473
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 0.01
• Shares Outstanding: 800,000,000
• 10 Day Avg. Volume: 28,000
• 30 Day Avg. Volume: 42,666
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: 72 Outperform
• Price Target: HK$0.25 ▼(-0.40% Downside)
• Action: Reiterated Date: 04/09/26
• Date: Action: Reiterated 04/09/26

The score is driven primarily by solid financial fundamentals—especially a conservatively leveraged balance sheet—alongside attractive valuation (low P/E and strong dividend yield). These positives are partly offset by weak technicals (price below key moving averages with negative MACD and very low RSI) and near-term financial uncertainty from the 2025 revenue slowdown and cash-flow volatility.

Positive Factors

Conservative balance sheet

Very low leverage and a strong equity base provide durable financial resilience for a project-driven construction firm. This conservatism lowers default risk, preserves borrowing capacity during slow cycles, and allows management to bid selectively and absorb working-capital swings without immediate refinancing.

Negative Factors

2025 revenue slowdown

A material 2025 revenue contraction reduces near-term backlog visibility and weakens operating leverage typical of engineering contractors. Sustained top-line weakness can compress margins, limit the ability to fund fixed costs from existing projects, and pressure long-term earnings stability.

Boltek Holdings Ltd. Business Overview & Revenue Model

Company Description

Boltek Holdings Limited, an investment holding company, provides engineering consultancy services with a focus on the field of infrastructure developments in Hong Kong. The company offers engineering consultancy services comprising civil engineeri...

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Boltek Holdings Limited, an investment holding company, provides engineering consultancy services with a focus on the field of infrastructure developments in Hong Kong. The company offers engineering consultancy services comprising civil engineeri...

Boltek Holdings Ltd. Financial Statement Overview

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	188.41M	186.84M	187.28M	170.41M	149.29M	129.91M
Gross Profit	63.59M	54.03M	62.08M	60.35M	42.59M	45.44M
EBITDA	34.13M	30.24M	39.01M	38.88M	26.87M	28.72M
Net Income	29.45M	22.58M	28.05M	28.23M	18.47M	20.23M
Balance Sheet
Total Assets	175.06M	178.16M	168.38M	186.14M	220.04M	194.25M
Cash, Cash Equivalents and Short-Term Investments	40.71M	43.00M	36.54M	67.55M	135.99M	121.05M
Total Debt	2.98M	2.34M	4.91M	8.05M	3.81M	5.51M
Total Liabilities	25.45M	29.43M	32.23M	33.04M	28.69M	22.86M
Stockholders Equity	149.61M	148.73M	136.15M	153.10M	191.35M	171.40M
Cash Flow
Free Cash Flow	16.84M	20.08M	16.51M	59.00K	17.64M	20.91M
Operating Cash Flow	17.88M	20.49M	17.55M	2.29M	19.20M	21.61M
Investing Cash Flow	827.00K	-414.00K	599.00K	55.24M	-10.38M	-47.19M
Financing Cash Flow	-49.54M	-13.63M	-49.15M	-69.15M	-3.94M	-3.50M

Boltek Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.25
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8601, the sentiment is Negative. The current price of 0.25 is above the 20-day moving average (MA) of 0.25, above the 50-day MA of 0.24, and above the 200-day MA of 0.25, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 23.77 is Positive, neither overbought nor oversold. The STOCH value of -0.99 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8601.

Boltek Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8601	72 Outperform	HK$179.20M	7.28	14.78%	5.14%	4.57%	8.55%
2663	71 Outperform	HK$155.94M	3.77	10.87%	23.73%	-32.31%	-51.89%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
0368	61 Neutral	HK$600.00M	4.78	10.13%	3.63%	6.27%	―
8023	61 Neutral	HK$179.23M	8.23	9.41%	1.75%	14.72%	-26.49%
8268	50 Neutral	HK$106.56M	-3.10	-45.43%	―	-4.69%	-21.69%
8316	48 Neutral	HK$146.82M	-2.58	110.53%	―	21.30%	-40.94%