Balk 1798 Group Limited (1010) AI Stock Analysis

• Market Cap: HK$41.32M
• Dividend Yield: N/A
• Average Volume (3M): 597.08K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.55
• Revenue Growth: -68.38%
• EPS Growth: -196.97%
• Country: HK
• Employees: 36
• Sector: Industrials
• Sector Strength: 72
• Industry: Airlines, Airports & Air Services
• EPS (TTM): N/A
• Shares Outstanding: 444,294,160
• 10 Day Avg. Volume: 307,600
• 30 Day Avg. Volume: 597,079
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 0

• Rating: 39 Underperform
• Price Target: HK$0.00 ▼(-100.00% Downside)

The overall stock score is primarily impacted by the company's poor financial performance, with significant revenue decline, negative profitability, and cash flow issues. Technical analysis indicates a bearish trend, and valuation metrics are weak due to negative earnings and lack of dividends.

Balk 1798 Group Limited Business Overview & Revenue Model

Company Description

Sky Blue 11 Co., Ltd. is an investment holding company, which engages in the design, distribution, and trading of integrated circuits and semi-conductor parts. It operates through the following segments: Design and Sales of Integrated Circuits, Executive Jet Management, Yacht Businesses, Property investment, and Headquarter and Others. The company was founded on October 12, 1993, and is headquartered in Hong Kong.

How the Company Makes Money

Balk 1798 Group Limited generates revenue through multiple channels, including sales of software products and licensing agreements within the technology sector. The company also earns income from real estate projects, such as property development and leasing arrangements. Additionally, it provides financial advisory services, which contribute to its revenue streams. Strategic partnerships with technology firms and real estate developers enhance the company's market reach and operational capabilities, allowing for diversified income generation. Furthermore, the company may leverage its expertise to offer consulting services, further increasing its earnings potential.

Balk 1798 Group Limited Financial Statement Overview

Summary

Balk 1798 Group Limited is facing significant financial difficulties, with declining revenue, negative profitability, and cash flow challenges. The balance sheet reflects financial instability with negative equity and high debt levels. These factors indicate a need for strategic restructuring to improve financial health and sustainability.

Income Statement

The company has experienced a significant decline in revenue over the past year, with a 68% drop from 2023 to 2024. The gross profit margin has also deteriorated, and the company has been operating at a loss, with negative EBIT and EBITDA margins. The net profit margin is also negative, indicating ongoing profitability challenges.

Balance Sheet

The balance sheet shows a negative stockholders' equity, indicating that liabilities exceed assets. The debt-to-equity ratio is not calculable due to negative equity, but the high level of total debt compared to assets suggests financial instability. The company has been unable to maintain a positive equity ratio, further highlighting financial distress.

Cash Flow

The company has negative free cash flow and operating cash flow, indicating cash flow issues. The operating cash flow to net income ratio is negative, reflecting poor cash generation relative to net losses. The free cash flow to net income ratio is also negative, further emphasizing cash flow challenges.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	36.03M	113.97M	181.08M	105.62M	92.65M
Gross Profit	21.63M	31.56M	84.59M	35.66M	23.96M
EBITDA	-84.83M	-41.51M	9.09M	-34.88M	3.93M
Net Income	-165.11M	-46.45M	-2.24M	-52.84M	-5.50M
Balance Sheet
Total Assets	227.59M	361.68M	461.95M	295.04M	157.57M
Cash, Cash Equivalents and Short-Term Investments	35.27M	72.35M	104.39M	86.24M	28.18M
Total Debt	125.93M	5.49M	1.65M	194.40M	5.69M
Total Liabilities	355.58M	364.66M	414.79M	232.49M	50.28M
Stockholders Equity	-127.98M	-2.98M	47.16M	62.55M	107.29M
Cash Flow
Free Cash Flow	-131.66M	-32.63M	19.70M	-133.67M	22.93M
Operating Cash Flow	-131.66M	-32.62M	19.73M	-131.87M	22.94M
Investing Cash Flow	403.00K	135.00K	-25.00K	3.13M	1.71M
Financing Cash Flow	91.30M	-2.01M	-424.00K	188.35M	-5.02M

Balk 1798 Group Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.09
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1010, the sentiment is Negative. The current price of 0.09 is below the 20-day moving average (MA) of 0.09, below the 50-day MA of 0.10, and below the 200-day MA of 0.19, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.13 is Neutral, neither overbought nor oversold. The STOCH value of 14.53 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1010.

Balk 1798 Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8201	60 Neutral	34.02M	-2.70	0.00%	―	14.00%	-366.00%
8031	54 Neutral	38.43M	-3.94	28.99%	―	0.00%	0.00%
1750	50 Neutral	81.00M	15.00	0.00%	―	5.80%	57.89%
8620	47 Neutral	44.88M	-12.69	-10.75%	―	-2.29%	19.28%
8489	46 Neutral	43.50M	-1.54	-2.89%	―	3.45%	-339.07%
1010	39 Underperform	HK$41.32M	―	-287.63%	―	-68.38%	-196.97%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Balk 1798 Group Limited Corporate Events

Sky Blue 11 Company Limited Appoints New Independent Non-Executive Director

Sky Blue 11 Company Limited has announced the appointment of Mr. Chan Ting Leuk Arthur as an independent non-executive director and chairman of the remuneration and nomination committees, effective September 5, 2025. Mr. Chan brings over 17 years of experience in business and technology development, and his appointment is expected to enhance the company’s governance and strategic direction.

Sky Blue 11 Company Limited Announces Board Composition and Committee Roles

Sky Blue 11 Company Limited, incorporated in Bermuda, has announced the composition of its board of directors and their respective roles and functions. The board comprises executive directors Li Weina and Phen Chun Shing Vincent, along with independent non-executive directors Ching Ching, Wong Xiang Hong, and Chan Ting Leuk Arthur. The announcement also details the membership of the company’s three board committees: Audit, Nomination, and Remuneration, highlighting the leadership roles within these committees. This update provides clarity on the governance structure of Sky Blue 11 Company Limited, potentially impacting stakeholders’ understanding of the company’s strategic oversight.

Sky Blue 11 Company Limited Reports Increased Losses in H1 2025

Sky Blue 11 Company Limited, listed on the Hong Kong Stock Exchange, has reported its unaudited financial results for the first half of 2025. The company experienced a slight increase in revenue but faced a significant loss before tax amounting to HK$30,911,000, compared to the previous year’s loss of HK$24,126,000. The total comprehensive loss for the period was HK$28,827,000, which reflects a challenging financial position for the company. The announcement highlights the company’s ongoing financial difficulties, which may impact its stakeholders and market positioning.

Sky Blue 11 Company Limited Announces Upcoming Board Meeting

Sky Blue 11 Company Limited, formerly known as Balk 1798 Group Limited, has announced an upcoming board meeting scheduled for August 28, 2025. The meeting will focus on approving the unaudited interim results for the first half of 2025 and considering the recommendation of an interim dividend. This announcement indicates the company’s ongoing financial assessment and potential shareholder returns, reflecting its commitment to transparency and shareholder engagement.