Novacon Technology Group Ltd (HK:8635)
:8635
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Novacon Technology Group Ltd
(8635)
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Rating:45Neutral
Price Target:
HK$0.35
▼(-39.30% Downside)
Action:ReiteratedDate:03/24/26
The score is held down mainly by deteriorated financial performance (shrinking revenue, large losses, and ongoing negative free cash flow) and bearish technical signals (price below key moving averages with negative MACD). A very high dividend yield provides some valuation support, but losses and equity erosion reduce confidence in sustainability.
Positive Factors
No Financial Leverage
Zero reported debt materially reduces refinancing and interest-rate risk, giving the company financial flexibility while it repairs operations. This conserves optionality for restructuring or selective investment without near-term covenant or interest pressures, aiding durability.
Negative Factors
Revenue Contraction
Sustained revenue declines undermine scale and make fixed-cost absorption harder, pressuring margins and strategic options. For a software-app company, shrinking top line indicates waning product-market fit or competitive share loss, risking long-term viability if not reversed.
Read all positive and negative factors
Positive Factors
Negative Factors
No Financial Leverage
Zero reported debt materially reduces refinancing and interest-rate risk, giving the company financial flexibility while it repairs operations. This conserves optionality for restructuring or selective investment without near-term covenant or interest pressures, aiding durability.
Read all positive factors
Novacon Technology Group Ltd (8635) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$194.40M
Dividend Yield14.49%
Average Volume (3M)15.65M
Price to Earnings (P/E)―
Beta (1Y)0.71
Revenue Growth129.07%
EPS Growth-5.71%
CountryHK
Employees31
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.01
Shares Outstanding480,000,000
10 Day Avg. Volume17,445,200
30 Day Avg. Volume15,646,633
Financial Highlights & Ratios
PEG Ratio0.83
Price to Book (P/B)3.98
Price to Sales (P/S)13.60
P/FCF Ratio-23.14
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
Novacon Technology Group Ltd Business Overview & Revenue Model
Company Description
Elephant Holdings Group Ltd. is an investment holding company, which engages in the provision of financial trading solutions. It also includes the development and supply of resource allocation, planning, scheduling, and management of software and ...
How the Company Makes Money
null...
Novacon Technology Group Ltd Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
55
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 45.09M | 17.94M | 22.79M | 52.58M | 50.03M | 42.73M |
| Gross Profit | -5.65M | -678.00K | -6.45M | 47.32M | 45.30M | 38.33M |
| EBITDA | -16.79M | -12.49M | -14.73M | 15.33M | 21.06M | 23.29M |
| Net Income | -24.50M | -19.46M | -22.98M | 5.71M | 11.22M | 13.03M |
Balance Sheet | ||||||
| Total Assets | 124.60M | 70.05M | 115.39M | 137.38M | 129.63M | 130.76M |
| Cash, Cash Equivalents and Short-Term Investments | 20.07M | 18.23M | 44.42M | 61.41M | 58.19M | 66.24M |
| Total Debt | 5.43M | 0.00 | 0.00 | 504.00K | 0.00 | 10.96M |
| Total Liabilities | 34.69M | 8.47M | 9.05M | 7.66M | 4.83M | 16.83M |
| Stockholders Equity | 89.54M | 61.23M | 106.33M | 129.72M | 124.80M | 113.94M |
Cash Flow | ||||||
| Free Cash Flow | -31.61M | -10.54M | -24.43M | 7.02M | 3.61M | 13.63M |
| Operating Cash Flow | -31.52M | -6.83M | -17.89M | 12.43M | 8.80M | 20.59M |
| Investing Cash Flow | 3.82M | 6.59M | 1.54M | -8.02M | -5.07M | -10.52M |
| Financing Cash Flow | 8.71M | -25.80M | -804.00K | -1.18M | -11.78M | -1.49M |
Novacon Technology Group Ltd Technical Analysis
Neutral
0.57
Price Trends
0.43
Negative
0.73
Negative
0.80
Negative
Market Momentum
-0.01
Negative
46.56
Neutral
86.67
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8635, the sentiment is Neutral. The current price of 0.57 is above the 20-day moving average (MA) of 0.39, above the 50-day MA of 0.43, and below the 200-day MA of 0.80, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 46.56 is Neutral, neither overbought nor oversold. The STOCH value of 86.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:8635.
Novacon Technology Group Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | HK$111.11M | -28.56 | -2.72% | 0.57% | -13.40% | 76.97% | |
48 Neutral | HK$183.77M | -12.91 | -1.65% | ― | 48.39% | 88.30% | |
47 Neutral | HK$108.50M | -0.27 | -46.36% | ― | -23.88% | -1021.62% | |
46 Neutral | HK$229.87M | -1.06 | -14.42% | ― | 15.44% | 10.57% | |
45 Neutral | HK$194.40M | -26.08 | -40.20% | 14.49% | 129.07% | -5.71% | |
44 Neutral | HK$89.03M | -18.45 | -47.29% | ― | -49.86% | 15.00% |
* Technology Sector Average
HK:8635
Novacon Technology Group Ltd
0.41
-0.10
-20.59%
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0.02
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-53.66%
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Newlink Technology Inc.
0.23
>-0.01
-0.43%
HK:1933
OneForce Holdings Limited
0.22
0.09
72.44%
HK:8100
GET Holdings Limited
0.25
0.10
66.67%
HK:8156
Sinopharm Tech Holdings Limited
0.29
0.18
163.64%
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.