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2889 Stock Chart & Stats
HK$170.20
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Market closed
HK$170.20
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Day’s Range― - ―
52-Week RangeHK$43.30 - HK$288.80
Previous CloseN/A
VolumeN/A
Average Volume (3M)582.76K
Market Cap
HK$7.34B
Enterprise ValueHK$19.06B
Total Cash (Recent Filing)HK$1.74B
Total Debt (Recent Filing)HK$3.05B
Price to Earnings (P/E)―
Beta1.96
Next EarningsN/A
EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)N/A
Shares Outstanding87,712,110
10 Day Avg. Volume572,574
30 Day Avg. Volume582,763
Financial Highlights & Ratios
PEG Ratio-0.24
Price to Book (P/B)12.81
Price to Sales (P/S)8.07
P/FCF Ratio-25.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$350.00Price Target Upside105.64% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Accelerating Revenue GrowthThe sharp improvement in revenue growth indicates stronger commercial traction and expanding demand for the company’s connected-vehicle solutions. If maintained, higher scale can broaden customer reach, support platform adoption, and create a foundation for eventual operating leverage over the next several quarters.
Improved LeverageLower debt relative to equity improves financial flexibility compared with 2023 and reduces balance-sheet strain. This gives the company a stronger capital structure from which to pursue growth, although the benefit is moderated by continued losses and the need to fund ongoing cash consumption.
Growing Equity BaseA larger equity base provides a more substantial capital cushion for an expanding intelligent-vehicle technology business. It can absorb part of the pressure from operating losses and support investment in products and platforms, while also reducing reliance on debt compared with a smaller capitalization base.
Bears Say
Widening Operating And Net LossesRevenue growth has not yet translated into sustainable profitability, as operating losses widened materially and net losses increased. Persistent negative earnings weaken internal funding capacity, limit financial resilience, and indicate that additional scale has yet to produce meaningful cost leverage.
Persistent Cash BurnContinually negative operating cash flow and worsening free cash flow show that the business is consuming cash despite revenue growth. This raises dependence on external financing, limits the company’s ability to reinvest from internally generated funds, and increases funding risk over the medium term.
Negative Shareholder ReturnsDeeply negative return on equity indicates that the company is not currently converting its equity capital into profits for shareholders. This weak capital productivity can constrain future financing flexibility, weigh on confidence in the business model, and prolong the path toward self-funded growth.
PATEO CONNECT Technology (Shanghai) Corporation Class H News
2889 FAQ
What was PATEO CONNECT Technology (Shanghai) Corporation Class H’s price range in the past 12 months?
PATEO CONNECT Technology (Shanghai) Corporation Class H lowest stock price was HK$43.30 and its highest was HK$288.80 in the past 12 months.
What is PATEO CONNECT Technology (Shanghai) Corporation Class H’s market cap?
PATEO CONNECT Technology (Shanghai) Corporation Class H’s market cap is HK$7.34B.
When is PATEO CONNECT Technology (Shanghai) Corporation Class H’s upcoming earnings report date?
The company’s upcoming earnings report date is not yet available.
How were PATEO CONNECT Technology (Shanghai) Corporation Class H’s earnings last quarter?
Currently, no data Available
Is PATEO CONNECT Technology (Shanghai) Corporation Class H overvalued?
According to Wall Street analysts PATEO CONNECT Technology (Shanghai) Corporation Class H’s price is currently Undervalued.
Does PATEO CONNECT Technology (Shanghai) Corporation Class H pay dividends?
PATEO CONNECT Technology (Shanghai) Corporation Class H does not currently pay dividends.
What is PATEO CONNECT Technology (Shanghai) Corporation Class H’s EPS estimate?
PATEO CONNECT Technology (Shanghai) Corporation Class H’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does PATEO CONNECT Technology (Shanghai) Corporation Class H have?
PATEO CONNECT Technology (Shanghai) Corporation Class H has 87,712,110 shares outstanding.
What happened to PATEO CONNECT Technology (Shanghai) Corporation Class H’s price movement after its last earnings report?
Currently, no data Available
Which hedge fund is a major shareholder of PATEO CONNECT Technology (Shanghai) Corporation Class H?
Currently, no hedge funds are holding shares in HK:2889
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
PATEO CONNECT Technology (Shanghai) Corporation Class H Stock Smart Score
Underperform
1
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3
4
5
6
7
8
9
10
Technicals
SMA
Negative
20 days / 200 days
Momentum
-75.82%
12-Months-Change
Fundamentals
Return on Equity
-49.69%
Trailing 12-Months
Asset Growth
79.19%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
PATEO CONNECT Technology (Shanghai) Corporation Class H
PATEO CONNECT Technology (Shanghai) Corporation develops smart cockpit solutions, vehicle connectivity support services, and products for OEMs and Tier-1 suppliers in China and Hong Kong. It also develops telematics terminals and cloud platforms. The company offers automotive electronic hardware, operating system software, voice AI and map integration, TSP service operations, PaaS and SaaS cloud services for vehicle payment, communication operations, and the CASE (connected, autonomous, shared, and electric) vehicle business model. smart cockpit solutions products include T-Box, cameras, microphones, speakers, wires, and antennas. vehicle connectivity support services, include user support services which assist OEMs to provide car owners with assistance, and platform maintenance services for vehicle connectivity platforms. The company has a strategic collaboration with Shanghai Jiao Tong University for the development of AI-based operating systems and embodied intelligence technologies. PATEO CONNECT Technology (Shanghai) Corporation was formerly known as Shanghai Pateo Electronic Equipment Manufacturing Co., Ltd. and changed its name to PATEO CONNECT Technology (Shanghai) Corporation in December 2021. PATEO CONNECT Technology (Shanghai) Corporation was founded in 2009 and is based in Shanghai, China.
PATEO CONNECT Technology (Shanghai) Corporation Class H (2889) Earnings & Revenues
2889 Stock 12 Month Forecast
Average Price Target
HK$350.00
▲(105.64% Upside)
Technical Analysis
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