True Partner Capital Holding Limited (HK:8657)
:8657
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True Partner Capital Holding Limited
(8657)
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Rating:43Neutral
Price Target:
HK$0.31
▼(-29.77% Downside)
Action:Reiterated
Date:05/13/26
The score is weighed down primarily by deteriorated financial performance (multi-year revenue collapse, large losses, and persistent cash burn). Technicals add additional risk given a clear downtrend, despite oversold readings. Valuation is difficult to justify positively due to ongoing losses and no dividend yield data.
Positive Factors
Low leverage / solvency buffer
Very low debt provides a durable solvency buffer and financial optionality. With negligible interest burden the company can prioritize restructuring, preserve liquidity, and pursue strategic moves without immediate refinancing pressure — a lasting advantage amid ongoing losses.
Negative Factors
Multi-year revenue collapse
A steep, multi-year revenue decline erodes scale and market position and increases per-unit fixed cost exposure. Recovery requires re-acquiring clients or new revenue sources; absent a structural business change, regaining scale will be difficult and slow.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / solvency buffer
Very low debt provides a durable solvency buffer and financial optionality. With negligible interest burden the company can prioritize restructuring, preserve liquidity, and pursue strategic moves without immediate refinancing pressure — a lasting advantage amid ongoing losses.
Read all positive factors
True Partner Capital Holding Limited (8657) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$195.26M
Dividend YieldN/A
Average Volume (3M)5.93K
Price to Earnings (P/E)―
Beta (1Y)0.16
Revenue Growth3.75%
EPS Growth32.89%
CountryHK
Employees14
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-0.10
Shares Outstanding610,183,500
10 Day Avg. Volume14,600
30 Day Avg. Volume5,933
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)8.12
Price to Sales (P/S)17.77
P/FCF Ratio-7.36
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
True Partner Capital Holding Limited Business Overview & Revenue Model
Company Description
True Partner Capital Holding Limited engages in the fund management business in Hong Kong and Chicago. The company manages funds and provides managed accounts on a discretionary basis using a proprietary trading platform. It also offers investment...
True Partner Capital Holding Limited Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
64
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.79M | 9.38M | 10.91M | 14.51M | 44.79M | 58.92M |
| Gross Profit | 9.78M | 8.74M | 9.94M | 12.91M | 41.40M | 52.38M |
| EBITDA | -20.57M | -33.60M | -46.39M | -62.22M | -30.20M | -20.91M |
| Net Income | -37.60M | -33.94M | -48.51M | -67.00M | -33.51M | -26.02M |
Balance Sheet | ||||||
| Total Assets | 42.73M | 24.29M | 53.22M | 105.68M | 173.71M | 216.74M |
| Cash, Cash Equivalents and Short-Term Investments | 29.23M | 18.26M | 32.59M | 66.47M | 122.71M | 168.57M |
| Total Debt | 0.00 | 0.00 | 353.00K | 1.72M | 3.06M | 874.00K |
| Total Liabilities | 4.04M | 3.77M | 7.44M | 10.42M | 11.94M | 11.32M |
| Stockholders Equity | 38.69M | 20.53M | 45.78M | 95.26M | 161.77M | 199.62M |
Cash Flow | ||||||
| Free Cash Flow | -32.86M | -22.65M | -49.52M | -66.36M | -25.22M | -9.21M |
| Operating Cash Flow | -32.86M | -22.65M | -49.52M | -65.73M | -23.83M | -5.01M |
| Investing Cash Flow | 23.88M | 141.00K | 18.24M | 9.54M | 2.42M | -12.12M |
| Financing Cash Flow | 6.23M | 6.94M | -1.42M | -1.46M | -16.09M | -10.10M |
True Partner Capital Holding Limited Technical Analysis
Negative
0.44
Price Trends
0.35
Negative
0.38
Negative
0.42
Negative
Market Momentum
-0.01
Negative
46.27
Neutral
53.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8657, the sentiment is Negative. The current price of 0.44 is above the 20-day moving average (MA) of 0.33, above the 50-day MA of 0.35, and above the 200-day MA of 0.42, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 46.27 is Neutral, neither overbought nor oversold. The STOCH value of 53.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8657.
True Partner Capital Holding Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$49.60M | 2.02 | 12.37% | ― | 43.59% | 104.35% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
49 Neutral | HK$191.68M | -5.50 | -10.72% | ― | 60.09% | -108.41% | |
47 Neutral | HK$718.85M | -6.34 | -20.05% | ― | -89.75% | -12.43% | |
43 Neutral | HK$195.26M | -4.91 | -65.24% | ― | 3.75% | 32.89% | |
40 Underperform | HK$523.08M | -12.45 | -22.40% | ― | -166.78% | 85.53% |
* Financial Sector Average
HK:8657
True Partner Capital Holding Limited
0.32
-0.10
-25.00%
HK:1835
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1.21
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China Investment Fund Company Limited
0.34
0.10
43.16%
HK:0721
China Financial International Investments Limited
0.06
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UBA Investments Ltd.
0.04
>-0.01
-16.67%
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China New Economy Fund Ltd.
0.32
0.26
461.40%
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.