Anchorstone Holdings Limited (1592) AI Stock Analysis

Anchorstone Holdings Limited

(HKEX:1592)

Select Model

Rating:40Underperform

Price Target:HKD 0.13▼(-8.39% Downside)

Action:downgraded

Date:09/30/26

The overall score is low because severe financial deterioration, including worsening losses, negative equity, shrinking assets and significant cash burn, dominates the risk profile, while persistent price weakness and negative momentum reinforce caution and the absence of supportive technical signals; the valuation picture, with negative earnings and no dividend, offers little offsetting upside, keeping the stock near the bottom of the scoring range.

Positive Factors

Narrower EBIT lossAlthough still deeply loss-making, the narrowing of EBIT loss versus 2024 provides a limited operational improvement. If sustained, this could reduce the earnings gap and demonstrate some potential for recovery, but it does not yet establish breakeven or durable profitability.

Negative Factors

Shrinking revenue and severe lossesFalling revenue, sharply lower gross margin, and a net margin around -141% indicate that the business is not covering its cost base. Persistent losses reduce internal funding capacity and make a durable recovery dependent on substantial operational improvement over coming periods.

Anchorstone Holdings Limited (1592) vs. iShares MSCI Hong Kong ETF (EWH)

Market Cap: HKD 33.95M
Dividend Yield: ―
Average Volume (3M): 801.76K
Price to Earnings (P/E): -0.6
Beta (1Y): -0.06
Revenue Growth: -50.93%
EPS Growth: 43.67%
Country: Hong Kong
Employees: 17
Sector: Industrials
Sector Strength: 63
Industry: Construction Materials

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 expertise t...

Anchorstone Holdings Limited Financial Statement Overview

Summary

Anchorstone Holdings shows severe distress with consistent net losses, net profit margin worsening from -52% in 2023 to -141% in 2025, sharply declining revenue and gross margin, deeply negative EBIT, stockholders' equity turning negative, assets halving alongside high debt, and operating cash flow flipping to large negative, all pointing to high insolvency risk and very weak financial health.

Income Statement

12Very Negative

Balance Sheet

8Very Negative

Cash Flow

25Negative

Financial statement breakdown
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	1,000	2,000	-24.00K	30.28M
Financing Cash Flow	156.16M	65.89M	-4.17M	-13.46M	-9.41M	-27.78M

Anchorstone Holdings Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price0.14

Price Trends

50DMA0.17Negative

100DMA0.19Negative

200DMA0.17Negative

Market Momentum

MACD-0.01Positive

RSI22.90Positive

STOCH23.46Neutral

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

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

HK:1592 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
HK:1897	55Neutral	HKD 181.03M	30.27	1.14%	2.00%	-22.26%	-33.78%
HK:1653	53Neutral	HKD 661.62M	-36.70	-13.58%	―	4.31%	-426.67%
HK:2128	48Neutral	HKD 8.98B	8.23	3.76%	6.86%	-5.23%	-41.53%
HK:6865	41Neutral	HKD 21.82B	56.01	-2.25%	3.32%	-19.56%	-258.17%
HK:1592	40Underperform	HKD 199.79M	-0.61	118.96%	―	-50.93%	43.67%

* Industrials Sector Average

Performance Comparison

HK:1592 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
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 Class H	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 mo...

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.

Date of analysis: Sep 30, 2026

Anchorstone Holdings Limited AI Stock Analysis