TBK & Sons Holdings Limited (1960) AI Stock Analysis

TBK & Sons Holdings Limited

(HKEX:1960)

Select Model

Rating:43Neutral

Price Target:HKD 0.33▲(0.92% Upside)

Action:reiterated

Date:06/13/26

Poor financial performance with revenue declines and losses is the primary drag, compounded by bearish technicals and weak valuation; low beta offers minor stability.

Positive Factors

Low LeverageReported 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 ContractionA ~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.

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

Market Cap: HKD 325.00M
Dividend Yield: ―
Average Volume (3M): 487.15K
Price to Earnings (P/E): -5.0
Beta (1Y): 0.87
Revenue Growth: -16.97%
EPS Growth: -28.83%
Country: Hong Kong
Employees: 427
Sector: Energy
Sector Strength: 65
Industry: Engineering & Construction

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 temporary a...

TBK & Sons Holdings Limited Financial Statement Overview

Summary

Low score reflects declining revenues, persistent net losses, shrinking margins, and weak cash flows, partially offset by low debt levels providing some stability.

Income Statement

15Very Negative

Balance Sheet

35Negative

Cash Flow

20Very Negative

Financial statement breakdown
Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	74.27M	75.12M	97.41M	288.09M	367.94M	825.91M
Gross Profit	863.14K	897.64K	6.34M	4.89M	14.22M	30.88M
EBITDA	-35.66M	-35.35M	-28.05M	-34.06M	-5.46M	18.92M
Net Income	-33.32M	-32.83M	-28.34M	-32.74M	-8.72M	10.40M
Balance Sheet
Total Assets	141.79M	141.79M	146.23M	181.52M	197.70M	241.38M
Cash, Cash Equivalents and Short-Term Investments	81.34M	81.34M	25.89M	29.54M	46.78M	75.05M
Total Debt	42.57M	42.57M	4.61M	4.79M	9.29M	11.11M
Total Liabilities	103.42M	103.42M	71.65M	74.29M	53.24M	88.54M
Stockholders Equity	46.78M	46.78M	80.67M	110.92M	143.01M	151.57M
Cash Flow
Free Cash Flow	16.67M	0	550.33K	-12.10M	-29.34M	-5.09M
Operating Cash Flow	17.02M	0	569.79K	-11.98M	-28.53M	-4.10M
Investing Cash Flow	9.66M	0	-461.85K	-386.00K	899.00K	9.06M
Financing Cash Flow	37.11M	0	-2.17M	-5.35M	-1.23M	-5.47M

TBK & Sons Holdings Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price0.33

Price Trends

50DMA0.38Negative

100DMA0.35Negative

200DMA0.40Negative

Market Momentum

MACD-0.02Positive

RSI38.98Neutral

STOCH31.96Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1960, the sentiment is Negative. The current price of 0.33 is below the 20-day moving average (MA) of 0.38, below the 50-day MA of 0.38, and below the 200-day MA of 0.40, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 38.98 is Neutral, neither overbought nor oversold. The STOCH value of 31.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1960.

TBK & Sons Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

HK:1960 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HK:0687	71Outperform	HKD 1.08B	23.19	4.18%	18.75%	-18.58%	-27.75%
HK:1627	71Outperform	HKD 730.00M	2.54	15.75%	8.22%	15.16%	25.81%
Sector *	65Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
HK:1903	48Neutral	HKD 992.50M	-935.39	-0.44%	―	4.76%	-144.68%
HK:1960	43Neutral	HKD 325.00M	-5.03	-51.83%	―	-16.97%	-28.83%
HK:2262	42Neutral	HKD 370.96M	31.25	3.68%	―	4.28%	25.30%
HK:1726	37Underperform	HKD 248.90M	-3.20	-110.87%	―	-11.41%	9.14%

* Energy Sector Average

Performance Comparison

HK:1960 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:1960	TBK & Sons Holdings Limited	0.33	0.08	30.00%
HK:1627	Able Engineering Holdings Ltd.	0.34	-0.35	-51.17%
HK:1726	HKE Holdings Limited	0.22	-1.28	-85.47%
HK:1903	JBB Builders International Ltd.	1.90	0.11	6.15%
HK:2262	Steve Leung Design Group Limited	0.33	-0.78	-70.45%
HK:0687	Tysan Holdings Limited	0.33	0.05	19.49%

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

TBK & Sons Holdings Limited AI Stock Analysis