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Anchorstone Holdings Limited (1592) AI Stock Analysis

HK:1592

Anchorstone Holdings Limited

(HKEX:1592)

Select Model
Rating:38Underperform
Price Target:HKD 0.13â–¼(-6.29% Downside)
Action:downgraded
Date:09/30/26

Score primarily dragged down by severely deteriorating financials including revenue collapse, negative equity and cash burn; secondary pressure from weak technical momentum and unattractive valuation on persistent losses.

Positive Factors
Narrower EBIT LossAlthough still deeply loss-making, the narrower EBIT loss versus 2024 indicates some improvement in operating performance. If sustained, this could provide a foundation for recovery, but profitability and durable operating leverage have not yet been restored.
Negative Factors
Sustained Revenue DeclineMaterial revenue contraction reduces scale, weakens fixed-cost absorption, and makes a return to profitability more difficult. Continued top-line deterioration also limits reinvestment capacity and suggests the business has not yet established a durable growth trajectory.

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

-50%-25%0%25%50%75%100%125%150%HK:1592-24.34%EWH+8.19%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
HKD 33.21M
Dividend Yield
―
Average Volume (3M)
800.79K
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

Very weak fundamentals: Income Statement Score 15 with revenue falling from $170M to $51M and deepening losses; Balance Sheet Score 5 with negative equity at -$114M and insolvency risk; Cash Flow Score 20 with recent -$60M operating cash burn.

Income Statement

15Very Negative

Balance Sheet

5Very Negative

Cash Flow

20Very Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue33.74M50.68M58.51M77.20M130.39M91.94M
Gross Profit10.20M6.39M15.38M23.95M31.35M11.17M
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 Assets77.37M54.56M104.59M190.27M231.82M274.64M
Cash, Cash Equivalents and Short-Term Investments49.97M7.50M308.00K507.00K1.32M2.68M
Total Debt39.20M100.09M47.66M60.08M99.67M125.11M
Total Liabilities74.75M168.25M158.69M155.03M178.20M191.61M
Stockholders Equity2.62M-113.69M-54.10M35.24M53.62M83.02M
Cash Flow
Free Cash Flow-62.63M-59.95M3.71M13.65M9.63M-2.00M
Operating Cash Flow-62.57M-59.95M3.71M13.65M9.66M1.96M
Investing Cash Flow-34.87M01,0002,000-24.00K30.28M
Financing Cash Flow156.16M65.89M-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
STOCH28.16Neutral

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 28.16 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
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
HK:1897HK:189755NeutralHKD 181.03M30.271.14%2.00%-22.26%-33.78%
HK:1653HK:165353NeutralHKD 661.62M-36.70-13.58%―4.31%-426.67%
HK:2128HK:212848NeutralHKD 8.98B8.453.76%6.70%-5.23%-41.53%
HK:6865HK:686541NeutralHKD 21.82B-42.24-2.25%3.41%-19.56%-258.17%
HK:1592HK:159238UnderperformHKD 199.79M-0.63118.96%―-50.93%43.67%

* Industrials Sector Average

Performance Comparison

0%100%200%300%HK:1592HK:2128HK:6865HK:1653HK:1897Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
HK:1592 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:1592Anchorstone Holdings Limited0.14-0.05-24.34%
HK:2128China Lesso Group Holdings 2.98-1.22-28.93%
HK:6865Flat Glass Group Co Class H5.04-6.79-57.42%
HK:1653MOS House Group Limited2.251.1197.37%
HK:1897Million Hope Industries Holdings Ltd.0.450.036.89%

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