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TBK & Sons Holdings Limited (HK:1960)
:1960
Hong Kong Market
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TBK & Sons Holdings Limited (1960) AI Stock Analysis

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HK:1960

TBK & Sons Holdings Limited

(1960)

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Neutral 42 (OpenAI - 5.2)
Rating:42Neutral
Price Target:
HK$0.33
▲(20.74% Upside)
Action:Reiterated
Date:06/13/26
The score is primarily constrained by weak financial performance, led by steep revenue contraction and sustained losses despite a low-debt balance sheet. Technicals add further downside risk with price below major moving averages and negative momentum. Valuation provides limited support because the negative P/E reflects ongoing losses and no dividend yield is available.
Positive Factors
Low Leverage
Reported debt-to-equity of roughly 4%–7% signals a conservatively financed balance sheet. That low leverage provides financial flexibility to absorb operating volatility, supports liquidity, and lowers default risk, helping the company survive a multi-quarter operational recovery period.
Negative Factors
Sharp Revenue Contraction
A ~64% YoY revenue collapse in FY2025 indicates a severe loss of project activity, contracts, or market demand. Such a sharp top-line decline impairs scale economics, reduces fixed-cost coverage, and makes margin recovery and cash generation dependent on securing new, sizable contracts or structural demand improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Reported debt-to-equity of roughly 4%–7% signals a conservatively financed balance sheet. That low leverage provides financial flexibility to absorb operating volatility, supports liquidity, and lowers default risk, helping the company survive a multi-quarter operational recovery period.
Read all positive factors

TBK & Sons Holdings Limited (1960) vs. iShares MSCI Hong Kong ETF (EWH)

TBK & Sons Holdings Limited Business Overview & Revenue Model

Company Description
TBK & Sons Holdings Limited is a Malaysian firm specializing in civil and structural engineering for the oil and gas industry. Their extensive services cover initial site development, which includes earthmoving, demolition, and setting up temporar...

TBK & Sons Holdings Limited Financial Statement Overview

Summary
Overall financials are weak: a sharp revenue decline in FY2025 (down ~64% YoY) and sustained losses across FY2023–FY2025 drive a low income statement assessment. The balance sheet is a relative positive with low leverage, but continued losses are eroding equity and returns. Cash flow improved to slightly positive in FY2025, but the multi-year volatility and prior outflows keep quality below average.
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
38
Negative
BreakdownTTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue99.33M97.41M288.09M367.94M825.91M189.08M
Gross Profit5.01M6.34M4.89M14.22M30.88M13.30M
EBITDA-27.16M-28.51M-34.06M-9.51M18.92M1.50M
Net Income-21.22M-28.34M-32.74M-8.72M10.40M602.00K
Balance Sheet
Total Assets197.55M146.23M181.52M197.70M241.38M164.61M
Cash, Cash Equivalents and Short-Term Investments98.22M25.89M29.54M46.78M75.05M75.82M
Total Debt43.64M4.61M4.79M9.29M11.11M7.99M
Total Liabilities122.03M71.65M74.29M53.24M88.54M25.90M
Stockholders Equity81.79M80.67M110.92M143.01M151.57M138.71M
Cash Flow
Free Cash Flow16.67M550.33K-12.10M-29.34M-5.09M-2.76M
Operating Cash Flow17.02M569.79K-11.98M-28.53M-4.10M-1.97M
Investing Cash Flow9.66M-461.85K-386.00K899.00K9.06M31.11M
Financing Cash Flow37.11M-2.17M-5.35M-1.23M-5.47M-1.70M

TBK & Sons Holdings Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.27
Price Trends
50DMA
0.33
Positive
100DMA
0.35
Positive
200DMA
0.37
Negative
Market Momentum
MACD
0.01
Negative
RSI
57.12
Neutral
STOCH
34.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1960, the sentiment is Positive. The current price of 0.27 is below the 20-day moving average (MA) of 0.34, below the 50-day MA of 0.33, and below the 200-day MA of 0.37, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 57.12 is Neutral, neither overbought nor oversold. The STOCH value of 34.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1960.

TBK & Sons Holdings Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
71
Outperform
HK$1.13B24.284.18%17.91%-18.58%-27.75%
70
Outperform
HK$930.00M3.2315.75%6.45%15.16%25.81%
65
Neutral
$15.17B7.614.09%5.20%3.87%-62.32%
51
Neutral
HK$1.13B-3,944.02-0.11%1.67%-2.02%-101.97%
42
Neutral
HK$355.00M-8.65-26.12%-59.04%22.15%
42
Neutral
HK$964.78M-13.79-101.13%12.98%19.18%
42
Neutral
HK$439.44M37.023.68%7.94%4.28%25.30%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1960
TBK & Sons Holdings Limited
0.36
0.12
54.35%
HK:1627
Able Engineering Holdings Ltd.
0.47
-0.17
-27.23%
HK:1726
HKE Holdings Limited
0.85
-0.61
-41.72%
HK:1903
JBB Builders International Ltd.
2.28
0.83
57.24%
HK:2262
Steve Leung Design Group Limited
0.39
-0.74
-65.93%
HK:0687
Tysan Holdings Limited
0.34
0.08
29.34%
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: Jun 13, 2026