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Pinestone Capital Ltd
(0804)
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Rating:54Neutral
Price Target:
HK$16.00
â–²(351.98% Upside)
Action:Reiterated
Date:09/25/26
The score is held back primarily by weak financial performance, especially persistent losses and materially negative (and worsening) free cash flow, despite low balance-sheet leverage. Strong technical momentum supports the score, but overbought signals add near-term risk. Valuation is constrained by negative earnings (negative P/E) and no provided dividend yield.
Positive Factors
Low Balance-Sheet Leverage
Very low debt relative to equity limits leverage risk and preserves financial flexibility. A conservatively financed balance sheet gives Pinestone more capacity to absorb operating volatility or support recovery efforts without the immediate pressure of high interest obligations or refinancing needs.
Negative Factors
Recent Revenue Contraction
The latest revenue decline signals weakening operating traction and reduces the scale available to support the existing cost base. Continued contraction would make it harder to reach break-even, limit operating leverage, and increase pressure on management to restore demand or improve efficiency.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Balance-Sheet Leverage
Very low debt relative to equity limits leverage risk and preserves financial flexibility. A conservatively financed balance sheet gives Pinestone more capacity to absorb operating volatility or support recovery efforts without the immediate pressure of high interest obligations or refinancing needs.
Read all positive factors
Pinestone Capital Ltd (0804) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.03B
Dividend YieldN/A
Average Volume (3M)423.68K
Price to Earnings (P/E)―
Beta (1Y)1.32
Revenue Growth-22.41%
EPS Growth81.86%
CountryHK
Employees25
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)-0.28
Shares Outstanding68,800,010
10 Day Avg. Volume515,397
30 Day Avg. Volume423,678
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.79
Price to Sales (P/S)5.11
P/FCF Ratio-3.21
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
Pinestone Capital Ltd Business Overview & Revenue Model
Company Description
Pinestone Capital Limited functions as an investment holding firm, specializing in delivering tailored financial solutions to both private individuals and corporate entities across Hong Kong. Its diverse range of services includes equity brokerage...
Pinestone Capital Ltd Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
74
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 35.77M | 30.23M | 25.09M | 19.57M | 19.56M | 24.97M |
| Gross Profit | 33.85M | 28.00M | 25.08M | 19.52M | 19.47M | 24.91M |
| EBITDA | -4.23M | -11.12M | -30.67M | -22.52M | -47.31M | -3.15M |
| Net Income | -16.25M | -17.34M | -31.67M | -24.39M | -41.47M | -4.93M |
Balance Sheet | ||||||
| Total Assets | 275.50M | 208.86M | 154.87M | 176.01M | 169.94M | 199.30M |
| Cash, Cash Equivalents and Short-Term Investments | 38.19M | 41.81M | 16.37M | 23.80M | 30.14M | 45.58M |
| Total Debt | 1.51M | 1.86M | 0.00 | 622.00K | 1.59M | 2.51M |
| Total Liabilities | 77.03M | 13.21M | 16.50M | 5.98M | 5.47M | 7.58M |
| Stockholders Equity | 198.47M | 195.66M | 138.37M | 170.04M | 164.48M | 191.72M |
Cash Flow | ||||||
| Free Cash Flow | -35.66M | -48.17M | -686.00K | -35.69M | -28.87M | -19.45M |
| Operating Cash Flow | -35.66M | -48.17M | -686.00K | -35.69M | -28.87M | -18.89M |
| Investing Cash Flow | 189.00K | -300.00K | -6.15M | 10.00K | 221.00K | -399.00K |
| Financing Cash Flow | 59.66M | 74.36M | -631.00K | 28.94M | 13.21M | -2.00M |
Pinestone Capital Ltd Technical Analysis
Positive
3.54
Price Trends
11.74
Positive
7.63
Positive
5.63
Positive
Market Momentum
0.89
Positive
77.31
Negative
72.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0804, the sentiment is Positive. The current price of 3.54 is below the 20-day moving average (MA) of 14.43, below the 50-day MA of 11.74, and below the 200-day MA of 5.63, indicating a bullish trend. The MACD of 0.89 indicates Positive momentum. The RSI at 77.31 is Negative, neither overbought nor oversold. The STOCH value of 72.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0804.
Pinestone Capital Ltd Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
58 Neutral | HK$169.67M | 52.84 | 5.09% | 1.79% | 5.88% | ― | |
54 Neutral | HK$1.03B | -55.47 | -8.25% | ― | -22.41% | 81.86% | |
47 Neutral | HK$183.00M | -52.78 | -2.19% | 1.42% | 70.05% | -221.43% | |
45 Neutral | HK$194.03M | -4.55 | -23.72% | 1.72% | 10.05% | -40.15% | |
43 Neutral | HK$94.66M | -18.92 | -0.74% | ― | -0.34% | 95.11% | |
41 Neutral | HK$93.53M | -48.46 | -3.85% | 2.76% | 130.87% | 88.89% |
* Financial Sector Average
HK:0804
Pinestone Capital Ltd
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Pinestone Capital Ltd Corporate Events
Pinestone Capital Announces Resignation of Non-Executive Director Wang Han
Sep 10, 2026
Pinestone Capital Limited has announced the resignation of non-executive director Wang Han, effective 10 September 2026, marking a change in the board’s non-executive representation. Wang has stated he has no disagreement with the board and ...
Pinestone Capital Clarifies Board Composition and Committee Roles
Sep 10, 2026
Pinestone Capital Limited has published an updated list of its directors and clarified their respective roles and functions within the board. The announcement confirms the composition of executive, non-executive and independent non-executive direc...
Pinestone Capital updates board composition and committee roles
Sep 1, 2026
Pinestone Capital Limited has published an updated list of its directors and detailed their respective roles on the board and key committees. The board consists of three executive directors, three non-executive directors including two co-chairmen,...
Pinestone Swings to Interim Profit on Cost Cuts Despite Revenue Drop
Aug 28, 2026
Pinestone Capital Limited reported unaudited revenue of HK$13.2 million for the six months ended 30 June 2026, down 22% year on year, mainly due to sharply lower placing and underwriting income and reduced interest income from money lending. Despi...
Pinestone Capital Raises HK$39 Million in Share Placing to Fund Expansion
Aug 25, 2026
Pinestone Capital Ltd has completed a placing of 7,890,000 new shares under its general mandate at HK$5.22 per share, raising gross proceeds of about HK$41.19 million and net proceeds of approximately HK$39.13 million. The shares, allotted to at l...
Pinestone Capital Details Funding Drive for AI and Virtual Asset Transformation
Aug 24, 2026
Pinestone Capital Limited, a Hong Kong-listed securities brokerage and lending group, is expanding beyond its core services of margin financing, money lending, and placing and underwriting into an “AI + Virtual Asset” ecosystem. The fi...
Pinestone Capital Details Funding Plan for AI and Virtual Asset Transformation
Aug 21, 2026
Pinestone Capital Limited has issued a supplemental announcement detailing its equity fund-raising plan via a share placing, designed to support long-term operational sustainability and a strategic transformation into an AI-driven virtual asset ec...
Pinestone Capital Reshapes Board Leadership With New Co-Chairman
Aug 20, 2026
Pinestone Capital Limited has announced a reshuffle in its top leadership, with Co-Chairman Mr. Lee Chun Tung stepping down from the co-chair role effective 1 September 2026 while remaining as an executive director. The company emphasized that Mr....
Pinestone Capital Signals Return to Profit on Cost Cuts
Aug 20, 2026
Pinestone Capital Limited has issued a positive profit alert, indicating that it expects to post a net profit of between HK$2.0 million and HK$3.0 million for the six months ended 30 June 2026, compared with a net loss of about HK$3.7 million a ye...
Pinestone Capital Confirms Independence of Newly Appointed INED
Aug 13, 2026
Pinestone Capital Limited has issued a supplemental announcement confirming the appointment of Mr. Wong Chun Yip Gavin as an independent non-executive director. The company states that Mr. Wong satisfies all independence criteria under the Hong Ko...
Pinestone Capital details board composition and committee roles
Aug 10, 2026
Pinestone Capital Limited has announced the current composition of its board of directors, naming co-chairmen Lee Chun Tung and Lu Weixing alongside executive, non-executive and independent non-executive directors. The disclosure clarifies the lea...
Pinestone Capital Restores Governance Compliance with New Independent Director
Aug 10, 2026
Pinestone Capital Limited has appointed Mr. Wong Chun Yip Gavin as an independent non-executive director effective 10 August 2026, naming him chairman of both the Audit and Remuneration Committees and a member of the Nomination Committee. The move...
Pinestone Capital Schedules Board Meeting to Review Interim Results and Dividend
Aug 4, 2026
Pinestone Capital Limited has scheduled a board meeting in Hong Kong on 28 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026. The directors will also consider approving the related results announ...
Pinestone Capital to Raise HK$60 Million via Share Placing for Fintech Expansion
Jul 29, 2026
Pinestone Capital Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates in the financial services industry with a core focus on margin financing and money lending. The group is also planning to expand into virtual asset lic...
Pinestone Capital in Talks for Strategic AI Computing Partnership with Shanghai Fuquan
Jul 28, 2026
Pinestone Capital Limited announced it is in negotiations for a strategic cooperation with Shanghai Fuquan Technology, a high-tech firm specializing in AI inference optimization, heterogeneous computing cluster scheduling, and domestic hardware ec...
Pinestone Capital Faces Temporary Governance Gap After Sweeping Board Changes
Jun 30, 2026
Pinestone Capital Limited, a Cayman-incorporated financial services company listed in Hong Kong, relies on a mix of executive and independent non-executive directors to oversee its operations. Its audit, remuneration and nomination committees play...
Pinestone Capital Confirms Board and Committee Structure
Jun 30, 2026
Pinestone Capital Limited, incorporated in the Cayman Islands and listed in Hong Kong under stock code 804, is governed by a board comprising executive, non-executive and independent non-executive directors. The company’s leadership structur...
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.