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Anchorstone Holdings Limited
(1592)
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Rating:41Neutral
Price Target:
HK$0.13
▼(-5.71% Downside)
Action:Reiterated
Date:09/30/26
The score is driven primarily by very weak financial performance (shrinking revenue, large losses, negative equity, and renewed cash burn), which elevates solvency and funding risk. Technical indicators add further pressure with a clear bearish price trend and negative momentum. Valuation provides only limited offset because the negative P/E reflects loss-making operations and dividend support is not indicated in the provided data.
Positive Factors
Prior Cash Generation
The company has previously demonstrated an ability to generate operating cash and positive free cash flow, showing that cash conversion is not structurally absent. However, the benefit is qualified by the sharp 2025 reversal, so this history provides only a limited foundation for recovery.
Negative Factors
Negative Shareholders’ Equity
Negative equity indicates that cumulative losses or write-downs have eroded the capital base, materially weakening solvency and financial flexibility. It can constrain access to funding and reduce the company’s ability to absorb further operating losses, making recovery more dependent on external support.
Read all positive and negative factors
Positive Factors
Negative Factors
Prior Cash Generation
The company has previously demonstrated an ability to generate operating cash and positive free cash flow, showing that cash conversion is not structurally absent. However, the benefit is qualified by the sharp 2025 reversal, so this history provides only a limited foundation for recovery.
Read all positive factors
Anchorstone Holdings Limited (1592) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$199.79M
Dividend Yield3.51%
Average Volume (3M)456.32K
Price to Earnings (P/E)―
Beta (1Y)-0.06
Revenue Growth-50.93%
EPS Growth43.67%
CountryHK
Employees17
SectorIndustrials
Sector Strength72
IndustryConstruction Materials
Share Statistics
EPS (TTM)-0.23
Shares Outstanding1,447,776,400
10 Day Avg. Volume392,000
30 Day Avg. Volume456,316
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)-0.31
Price to Sales (P/S)0.69
P/FCF Ratio-0.58
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
Anchorstone Holdings Limited Business Overview & Revenue Model
Company Description
Anchorstone Holdings Limited functions as an investment holding company primarily focused on the provision and installation of marble and granite materials for construction undertakings throughout Hong Kong and Macau. The firm applies its expertis...
Anchorstone Holdings Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
15
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 33.74M | 50.68M | 58.51M | 77.20M | 130.39M | 91.94M |
| Gross Profit | 10.20M | 6.39M | 15.38M | 23.95M | 31.35M | 11.17M |
| EBITDA | -58.94M | -64.72M | -79.42M | -31.91M | -21.18M | -31.05M |
| Net Income | -66.06M | -71.40M | -86.37M | -40.45M | -32.34M | -46.75M |
Balance Sheet | ||||||
| Total Assets | 77.37M | 54.56M | 104.59M | 190.27M | 231.82M | 274.64M |
| Cash, Cash Equivalents and Short-Term Investments | 49.97M | 7.50M | 308.00K | 507.00K | 1.32M | 2.68M |
| Total Debt | 39.20M | 100.09M | 47.66M | 60.08M | 99.67M | 125.11M |
| Total Liabilities | 74.75M | 168.25M | 158.69M | 155.03M | 178.20M | 191.61M |
| Stockholders Equity | 2.62M | -113.69M | -54.10M | 35.24M | 53.62M | 83.02M |
Cash Flow | ||||||
| Free Cash Flow | -62.63M | -59.95M | 3.71M | 13.65M | 9.63M | -2.00M |
| Operating Cash Flow | -62.57M | -59.95M | 3.71M | 13.65M | 9.66M | 1.96M |
| Investing Cash Flow | -34.87M | 0.00 | 1.00K | 2.00K | -24.00K | 30.28M |
| Financing Cash Flow | 156.16M | 65.89M | -4.17M | -13.46M | -9.41M | -27.78M |
Anchorstone Holdings Limited Technical Analysis
Negative
0.14
Price Trends
0.17
Negative
0.19
Negative
0.17
Negative
Market Momentum
>-0.01
Positive
22.90
Positive
23.46
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1592, the sentiment is Negative. The current price of 0.14 is below the 20-day moving average (MA) of 0.15, below the 50-day MA of 0.17, and below the 200-day MA of 0.17, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 22.90 is Positive, neither overbought nor oversold. The STOCH value of 23.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1592.
Anchorstone Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
55 Neutral | HK$181.03M | 30.27 | 1.14% | 2.00% | -22.26% | -33.78% | |
54 Neutral | HK$8.98B | 8.24 | 3.76% | 6.86% | -5.23% | -41.53% | |
53 Neutral | HK$661.62M | -36.70 | -13.58% | ― | 4.31% | -426.67% | |
49 Neutral | HK$21.82B | 56.01 | 1.61% | 3.32% | -4.78% | ― | |
41 Neutral | HK$199.79M | -0.61 | 118.96% | 3.51% | -50.93% | 43.67% |
* Industrials Sector Average
HK:1592
Anchorstone Holdings Limited
0.14
-0.06
-29.59%
HK:2128
China Lesso Group Holdings
2.92
-1.28
-30.43%
HK:6865
Flat Glass Group Co
5.17
-6.90
-57.17%
HK:1653
MOS House Group Limited
2.29
0.96
72.18%
HK:1897
Million Hope Industries Holdings Ltd.
0.45
0.03
6.89%
Anchorstone Holdings Limited Corporate Events
Anchorstone Narrows Interim Loss Despite Sharp Revenue Drop and Subsidiary Deconsolidation
Aug 28, 2026
Anchorstone Holdings Limited reported unaudited interim results for the six months ended 30 June 2026, showing revenue from contracts with customers falling sharply to HK$10.9 million from HK$27.9 million a year earlier. Despite this, gross profit...
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.