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Trendzon Holdings Group Limited
(1865)
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Rating:47Neutral
Price Target:
HK$0.42
â–²(76.67% Upside)
Action:Reiterated
Date:09/08/26
The score is held down primarily by continued multi-year losses and negative margins despite improved leverage. Offsetting factors include FY2026’s strong revenue rebound and a return to positive operating/free cash flow. Technical indicators are neutral-to-mixed, while valuation is constrained by a negative P/E and lack of dividend yield data.
Positive Factors
Revenue Recovery
FY2026 revenue growth of 32.6% indicates a meaningful demand recovery after largely flat FY2024–FY2025 performance. A stronger top line can improve operating leverage and project scale, helping rebuild the earnings base if the rebound persists across coming periods.
Negative Factors
Persistent Losses
Four consecutive years of losses, including a FY2026 net margin of -7.4% and negative operating profitability, show that revenue recovery has not yet translated into sustainable earnings. Persistent losses weaken reinvestment capacity and reduce shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Recovery
FY2026 revenue growth of 32.6% indicates a meaningful demand recovery after largely flat FY2024–FY2025 performance. A stronger top line can improve operating leverage and project scale, helping rebuild the earnings base if the rebound persists across coming periods.
Read all positive factors
Trendzon Holdings Group Limited (1865) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$616.85M
Dividend YieldN/A
Average Volume (3M)4.97M
Price to Earnings (P/E)―
Beta (1Y)-0.36
Revenue Growth36.39%
EPS Growth88.01%
CountryHK
Employees397
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,434,541,900
10 Day Avg. Volume4,402,480
30 Day Avg. Volume4,973,436
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)0.92
Price to Sales (P/S)0.96
P/FCF Ratio7.15
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
Trendzon Holdings Group Limited Business Overview & Revenue Model
Company Description
Pengo Holdings Group Ltd. operates as a specialist contractor, primarily focusing on building infrastructural pipelines and delivering associated engineering services. The firm predominantly caters to the gas, water supply, telecommunications, and...
Trendzon Holdings Group Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
62
Positive
Cash Flow
48
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 76.97M | 59.07M | 59.12M | 60.10M | 59.10M |
| Gross Profit | 8.45M | 9.40M | 7.99M | 7.42M | 9.86M |
| EBITDA | -5.39M | -9.40M | -6.27M | 2.87M | 6.63M |
| Net Income | -5.71M | -12.89M | -11.99M | -2.06M | 1.02M |
Balance Sheet | |||||
| Total Assets | 162.91M | 128.37M | 112.13M | 120.35M | 103.13M |
| Cash, Cash Equivalents and Short-Term Investments | 29.22M | 8.59M | 5.44M | 7.92M | 10.34M |
| Total Debt | 22.68M | 22.11M | 26.60M | 32.39M | 48.99M |
| Total Liabilities | 65.14M | 45.96M | 42.27M | 64.20M | 61.96M |
| Stockholders Equity | 80.35M | 75.73M | 69.69M | 55.86M | 41.17M |
Cash Flow | |||||
| Free Cash Flow | 10.33M | -17.79M | -11.29M | 1.12M | -21.79M |
| Operating Cash Flow | 10.57M | -17.48M | -10.72M | 1.94M | -20.07M |
| Investing Cash Flow | 1.14M | -298.00K | -7.09M | -3.31M | -6.94M |
| Financing Cash Flow | 13.06M | 18.06M | 13.69M | -3.71M | 24.46M |
Trendzon Holdings Group Limited Technical Analysis
Positive
0.24
Price Trends
0.44
Positive
0.46
Negative
0.40
Positive
Market Momentum
>-0.01
Negative
57.64
Neutral
75.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1865, the sentiment is Positive. The current price of 0.24 is below the 20-day moving average (MA) of 0.41, below the 50-day MA of 0.44, and below the 200-day MA of 0.40, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 57.64 is Neutral, neither overbought nor oversold. The STOCH value of 75.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1865.
Trendzon Holdings Group Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | HK$1.80B | 3.88 | 15.72% | 11.81% | -12.79% | -0.62% | |
75 Outperform | HK$373.50M | 3.19 | 13.15% | 24.10% | -31.57% | -12.77% | |
71 Outperform | HK$1.16B | 24.64 | 4.18% | 17.65% | -18.58% | -27.75% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
47 Neutral | HK$616.85M | -8.35 | -7.76% | ― | 36.39% | 88.01% | |
43 Neutral | HK$268.27M | -0.30 | -31.01% | 7.32% | -22.33% | -203.23% | |
38 Underperform | HK$221.22M | -1.10 | -15.28% | 5.18% | 13.50% | -106.11% |
* Industrials Sector Average
HK:1865
Trendzon Holdings Group Limited
0.44
0.19
74.00%
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Trendzon Holdings Group Limited Corporate Events
Pengo Holdings AGM Backs 2026 Financial Statements in Unanimous Vote
Aug 28, 2026
Pengo Holdings Group Limited reported the poll results from its annual general meeting held on 28 August 2026, where shareholders voted on proposed resolutions without any restrictions or mandatory abstentions under Hong Kong listing rules. The co...
Pengo Holdings Sets Out New Board and Committee Structure
Aug 28, 2026
Pengo Holdings Group Limited has updated the composition of its board of directors, effective 28 August 2026, confirming Ms. Feng Jiamin as chairman and Mr. Michael Shi Guan Wah as chief executive officer alongside other executive and independent ...
Pengo Holdings Appoints Capital Market Advisor to Drive Strategic and Industrial Upgrades
Aug 28, 2026
Pengo Holdings Group Limited has appointed Zhishengbang Commercial Operation Management (Hangzhou) Co., Ltd, a subsidiary of Chengfeng Holdings Limited, as its capital market advisor under a two-year consultancy agreement. The advisor will provide...
Pengo Holdings Raises HK$50 Million Through New Share Subscription
Aug 24, 2026
Pengo Holdings Group Limited has completed the issuance of 147,347,200 new shares under a general mandate to three new subscribers, increasing its total shares in issue to 1,434,541,901. The new shares, priced at HK$0.34 each and representing abou...
Pengo Holdings Ends Cooperation Talks, Sees No Hit to Operations
Aug 21, 2026
Pengo Holdings Group Limited has announced the termination of its previously disclosed letter of intent for a cooperation framework with Guangju Zhongsheng Holdings (Hainan) Co., Ltd., after the parties failed to reach agreement on core terms desp...
Pengo Holdings Plans Discounted Share Issue to Raise HK$50 Million
Aug 10, 2026
Pengo Holdings Group Limited has entered into conditional agreements with three investors to issue new shares under its general mandate at HK$0.34 per share, representing a significant discount to recent market prices. The new shares will account ...
Pengo Holdings Clarifies AGM Date and Share Register Closure
Jul 31, 2026
Pengo Holdings Group Limited has issued a supplemental announcement to its annual report for the year ended 31 March 2026, clarifying arrangements for its upcoming annual general meeting. The AGM is scheduled for Friday, 28 August 2026, with the m...
Pengo Holdings Plans Governance Update With New Articles of Association
Jul 30, 2026
Pengo Holdings Group Limited has proposed amending its existing articles of association and adopting a new set of articles to align with updated regulatory requirements. The changes focus on enabling hybrid shareholder meetings, electronic voting,...
Pengo Holdings Sets August AGM, Seeks Fresh Share Issuance Mandate
Jul 30, 2026
Pengo Holdings Group Limited, incorporated in the Cayman Islands and listed in Hong Kong under stock code 1865, oversees its operations through a board comprising executive, non-executive and independent non-executive directors. The group follows ...
Pengo Holdings Narrows Annual Loss Despite Margin Pressure in FY2026
Jun 30, 2026
Pengo Holdings Group Limited, incorporated in the Cayman Islands and listed in Hong Kong, reports its financials in Singapore dollars, suggesting a significant operational focus in Singapore. While the announcement does not specify its exact indus...
Pengo Holdings Sets June Board Meeting to Approve Annual Results and Consider Final Dividend
Jun 12, 2026
Pengo Holdings Group Limited has scheduled a board meeting for 30 June 2026 to review and approve the audited annual results for the financial year ended 31 March 2026 and to authorise their release to the market. The board will also consider the ...
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.