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Mindtell Technology Limited
(8611)
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Rating:42Neutral
Price Target:
HK$0.65
▼(-50.90% Downside)
Action:Reiterated
Date:07/08/26
The score is held down primarily by weak financial performance—ongoing losses, 2025 margin deterioration, a sharp rise in leverage, and a return to negative operating/free cash flow. Technicals add additional pressure with a bearish trend and negative MACD, only partially offset by near-oversold momentum readings. Valuation is also unfavorable given a negative P/E and no dividend support.
Positive Factors
Revenue recovery
Two consecutive years of top-line growth indicate demand momentum and that core services are re-gaining traction. Sustained revenue recovery provides a foundation to leverage fixed costs, enables reinvestment in product/service improvements, and is a prerequisite for durable margin restoration.
Negative Factors
Sharp leverage increase
Leverage rising to roughly 8x debt-to-equity materially increases financial risk and constrains strategic flexibility. High debt amplifies refinancing and interest-cost risk, reducing capacity to invest in growth or weather setbacks unless profitability and cash flow improve consistently.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue recovery
Two consecutive years of top-line growth indicate demand momentum and that core services are re-gaining traction. Sustained revenue recovery provides a foundation to leverage fixed costs, enables reinvestment in product/service improvements, and is a prerequisite for durable margin restoration.
Read all positive factors
Mindtell Technology Limited (8611) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$728.00M
Dividend YieldN/A
Average Volume (3M)3.62M
Price to Earnings (P/E)―
Beta (1Y)0.68
Revenue Growth50.50%
EPS Growth-70.83%
CountryHK
Employees79
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,040,000,000
10 Day Avg. Volume3,075,000
30 Day Avg. Volume3,620,358
Financial Highlights & Ratios
PEG Ratio-2.29
Price to Book (P/B)134.94
Price to Sales (P/S)16.94
P/FCF Ratio-380.24
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
Mindtell Technology Limited Business Overview & Revenue Model
Company Description
Mindtell Technology Limited functions as an investment holding company, delivering diverse information technology services throughout Malaysia, Indonesia, and Singapore. Its operations are structured into three key divisions: System Integration an...
How the Company Makes Money
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Mindtell Technology Limited Financial Statement Overview
Summary
Income Statement
26
Negative
Balance Sheet
18
Very Negative
Cash Flow
22
Negative
| Breakdown | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 19.32M | 14.24M | 12.17M | 12.47M | 17.18M |
| Gross Profit | 3.90M | 4.10M | 2.64M | 3.38M | 2.71M |
| EBITDA | -1.45M | -383.00K | -2.71M | -6.14M | -2.56M |
| Net Income | -2.17M | -1.15M | -5.43M | -6.74M | -6.27M |
Balance Sheet | |||||
| Total Assets | 45.89M | 9.89M | 11.31M | 15.67M | 31.32M |
| Cash, Cash Equivalents and Short-Term Investments | 15.64M | 3.08M | 3.56M | 6.91M | 15.22M |
| Total Debt | 19.50M | 1.66M | 1.60M | 1.80M | 2.06M |
| Total Liabilities | 43.00M | 7.32M | 7.52M | 6.38M | 15.53M |
| Stockholders Equity | 2.43M | 2.56M | 3.79M | 9.29M | 15.79M |
Cash Flow | |||||
| Free Cash Flow | -860.80K | 261.00K | -3.12M | -8.13M | -3.69M |
| Operating Cash Flow | -812.88K | 337.00K | -2.85M | -4.68M | -712.00K |
| Investing Cash Flow | 11.18M | 12.00K | -187.00K | -3.41M | -2.79M |
| Financing Cash Flow | 1.53M | -475.00K | -392.00K | -358.00K | -284.00K |
Mindtell Technology Limited Technical Analysis
Neutral
1.33
Price Trends
0.73
Negative
0.76
Negative
0.89
Negative
Market Momentum
-0.01
Negative
52.01
Neutral
73.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8611, the sentiment is Neutral. The current price of 1.33 is above the 20-day moving average (MA) of 0.69, above the 50-day MA of 0.73, and above the 200-day MA of 0.89, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 52.01 is Neutral, neither overbought nor oversold. The STOCH value of 73.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:8611.
Mindtell Technology Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | HK$298.50M | 15.53 | 3.68% | 7.24% | -7.58% | -36.30% | |
63 Neutral | HK$86.75M | 5.19 | 9.09% | 6.41% | 11.00% | -72.41% | |
62 Neutral | HK$284.25M | 24.14 | 2.39% | 1.49% | -22.51% | 30.95% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | HK$424.02M | -9.35 | -32.14% | ― | -5.37% | -106.05% | |
46 Neutral | HK$990.00M | 121.61 | 2.39% | ― | 13.26% | 757.89% | |
42 Neutral | HK$728.00M | -58.58 | -65.95% | ― | 50.50% | -70.83% |
* Technology Sector Average
HK:8611
Mindtell Technology Limited
0.71
0.24
52.03%
HK:1147
Edensoft Holdings Limited
0.14
0.02
15.97%
HK:1204
BoardWare Intelligence Technology Limited
1.98
0.71
55.91%
HK:0046
Computer & Technologies Holdings Ltd.
1.25
-0.16
-11.47%
HK:8229
Future Data Group Ltd.
0.85
0.50
142.86%
HK:8319
Expert Systems Holdings Ltd.
0.11
0.00
0.00%
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.