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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$96.00 - HK$288.80
Previous CloseN/A
VolumeN/A
Average Volume (3M)510.58K
Market Cap
HK$23.53B
Enterprise ValueHK$19.06K
Total Cash (Recent Filing)HK$1.68B
Total Debt (Recent Filing)HK$2.25B
Price to Earnings (P/E)―
Beta1.12
Next EarningsN/A
EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)N/A
Shares Outstanding82,823,160
10 Day Avg. Volume530,966
30 Day Avg. Volume510,582
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 acceleration in revenue growth indicates stronger commercial traction and expanding business activity. If sustained, higher scale could improve operating leverage, support reinvestment, and strengthen the company’s competitive position over the next several quarters.
Improved Leverage TrendThe reduction in debt-to-equity represents a meaningful improvement in balance-sheet structure compared with 2023. Lower relative leverage can provide greater financial flexibility and reduce pressure on future funding decisions, even though the company remains loss-making.
Larger Equity BaseA growing equity base gives the company a stronger capital foundation than it previously had and can help absorb operating losses or support investment in expansion. This provides some resilience as management works to convert revenue growth into sustainable profitability.
Bears Say
Persistent Cash Burn持续 negative operating and free cash flow means growth is not yet funding the business internally. Continued cash burn increases dependence on external financing, limits capital-allocation flexibility, and raises execution risk if funding needs remain elevated.
Widening Operating LossesRevenue growth has not translated into operating leverage, as losses widened materially while gross margin remained near 12%. This suggests the current cost base is not scaling efficiently and may delay the path to self-sustaining earnings.
Negative Returns On EquityDeeply negative returns on equity show that the company is currently destroying value relative to its invested capital rather than generating productive returns. Unless profitability improves, the weak returns can constrain financing options and undermine the benefits of its larger equity base.
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$96.00 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$23.53B.
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 82,823,160 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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8
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10
Analyst Consensus
Moderate Buy
Average Price Target:
HK$350.00 (105.64% Upside)
HK$350.00 (105.64% Upside)
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Fundamentals
Return on Equity
―
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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