Mindtell Technology Limited (HK:8611)
:8611
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Mindtell Technology Limited
(8611)
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Rating:42Neutral
Price Target:
HK$0.79
▼(-40.83% Downside)
Action:ReiteratedDate:04/10/26
The score is primarily constrained by weak financial performance: ongoing losses, margin compression in 2025, a sharp increase in leverage, and a return to negative operating/free cash flow. Technicals add a modestly negative tilt (below key moving averages with negative MACD), while valuation is not supportive due to negative earnings and no provided dividend yield.
Positive Factors
Revenue recovery trend
Sustained revenue growth across two consecutive years indicates improving product-market fit and client traction. This top-line recovery provides a firmer base to leverage fixed costs, support iterative investment in services, and improve the probability of reaching operating breakeven if the trend persists.
Negative Factors
Sharp increase in leverage
A jump to ~8x debt-to-equity materially raises refinancing, interest, and covenant risk. High leverage constrains strategic flexibility, forces cash prioritization to servicing debt, and magnifies downside for equity holders if operating performance falters, making recovery plans more fragile.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue recovery trend
Sustained revenue growth across two consecutive years indicates improving product-market fit and client traction. This top-line recovery provides a firmer base to leverage fixed costs, support iterative investment in services, and improve the probability of reaching operating breakeven if the trend persists.
Read all positive factors
Mindtell Technology Limited (8611) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$383.76M
Dividend YieldN/A
Average Volume (3M)3.62M
Price to Earnings (P/E)―
Beta (1Y)0.39
Revenue Growth29.99%
EPS Growth-113.64%
CountryHK
Employees64
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding468,000,000
10 Day Avg. Volume3,075,000
30 Day Avg. Volume3,620,358
Financial Highlights & Ratios
PEG Ratio-2.30
Price to Book (P/B)134.94
Price to Sales (P/S)16.94
P/FCF Ratio0.00
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, an investment holding company, provides information technology (IT) services in Malaysia, Indonesia, and Singapore. The company operates through System Integration and Development Services, IT Outsourcing Services, and...
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
0.90
Negative
1.12
Negative
0.91
Negative
Market Momentum
-0.02
Negative
49.76
Neutral
71.60
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 0.78, above the 50-day MA of 0.90, and above the 200-day MA of 0.91, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 49.76 is Neutral, neither overbought nor oversold. The STOCH value of 71.60 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$412.84M | -0.34 | 3.70% | 9.12% | 27.05% | 842.50% | |
65 Neutral | HK$190.44M | 5.58 | 3.33% | 3.33% | 8.45% | -30.47% | |
62 Neutral | HK$308.20M | -647.80 | 3.68% | 7.24% | -1.26% | -10.80% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
48 Neutral | HK$313.89M | -5.04 | -16.07% | ― | -9.21% | -4.52% | |
46 Neutral | HK$149.76M | -2.39 | -31.93% | ― | -78.41% | -3530.77% | |
42 Neutral | HK$383.76M | -150.95 | -91.18% | ― | 29.99% | -113.64% |
* Technology Sector Average
HK:8611
Mindtell Technology Limited
0.82
-0.09
-9.89%
HK:1460
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0.22
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0.24
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79.10%
HK:1949
Platt Nera International Limited
0.78
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110.81%
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Computer & Technologies Holdings Ltd.
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Future Data Group Ltd.
0.57
0.27
90.00%
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.