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Ten Pao Group Holdings Limited (1979) AI Stock Analysis

HK:1979

Ten Pao Group Holdings Limited

(HKEX:1979)

Select Model
Rating:69Neutral
Price Target:HKD 1.50▲(0.33% Upside)
Action:downgraded
Date:08/19/26

The overall score reflects above-average financial quality and very attractive valuation, supported by solid margins and rising equity but constrained by highly volatile cash flows and weak recent free cash generation, while technicals show a modest downward trend with only limited short-term support rather than clear positive momentum.

Positive Factors
Focused power-conversion businessA focused position in switch-mode power supplies gives Ten Pao established expertise in a defined electrical-equipment niche. Serving both consumer and industrial applications broadens the addressable customer base and can support durable relevance across multiple end markets.
Negative Factors
Revenue and margin deteriorationLower revenue combined with weaker gross and EBIT margins points to deteriorating operating performance rather than a purely temporary earnings fluctuation. Continued pressure could reduce operating leverage and constrain the company’s ability to grow profit from its existing business.

Ten Pao Group Holdings Limited (1979) vs. iShares MSCI Hong Kong ETF (EWH)

-40%-20%0%20%40%HK:1979-28.37%EWH+8.19%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
HKD 1.55B
Dividend Yield
7.22%
Average Volume (3M)
395.66K
Price to Earnings (P/E)
5.8
Beta (1Y)
0.93
Revenue Growth
-9.99%
EPS Growth
-34.08%
Country
Hong Kong
Employees
8,000
Sector
Industrials
Sector Strength
63
Industry
Electrical Equipment & Parts

Ten Pao Group Holdings Limited Business Overview & Revenue Model

Company Description

Ten Pao Group Holdings Limited functions as an investment holding company, specializing in the global design, manufacturing, and sale of electrical charging solutions. Its extensive market presence spans mainland China, other Asian countries, the Uni...

How the Company Makes Money

Ten Pao Group Holdings Limited generates revenue primarily from the sale of power conversion products—most notably switch-mode power supplies (SMPS)—to customers such as brand owners and original equipment manufacturers (OEMs)/original design manufac...

Ten Pao Group Holdings Limited Financial Statement Overview

Summary

Overall financial quality is above average, with solid profitability and a healthy, moderately leveraged balance sheet, but highly volatile cash flows and weak recent free cash generation materially dampen the score.

Income Statement

78Positive

Balance Sheet

74Positive

Cash Flow

40Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue5.28B5.56B5.39B4.82B5.48B6.36B
Gross Profit914.95M1.01B1.05B907.20M841.93M1.01B
EBITDA476.75M562.74M557.35M567.51M520.78M595.25M
Net Income276.69M380.63M383.90M328.86M296.90M378.62M
Balance Sheet
Total Assets5.96B5.52B5.41B4.32B3.89B4.17B
Cash, Cash Equivalents and Short-Term Investments544.68M984.47M345.03M828.03M511.97M351.70M
Total Debt1.01B839.81M705.14M713.29M476.61M611.50M
Total Liabilities3.66B3.35B3.56B2.67B2.48B2.86B
Stockholders Equity2.30B2.18B1.86B1.66B1.41B1.30B
Cash Flow
Free Cash Flow-520.38M19.23M420.91M177.02M359.69M-326.76M
Operating Cash Flow-282.44M353.41M813.65M484.70M595.93M245.16M
Investing Cash Flow-241.58M-385.73M-358.76M-294.97M-230.02M-607.42M
Financing Cash Flow171.14M-12.18M-276.43M-377.27M-191.03M220.38M

Ten Pao Group Holdings Limited Technical Analysis

Technical Analysis SentimentNeutral
Last Price1.50

Price Trends

50DMA1.52Negative
100DMA1.69Negative
200DMA2.07Negative

Market Momentum

MACD-0.02Negative
RSI56.48Neutral
STOCH76.26Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1979, the sentiment is Neutral. The current price of 1.50 is above the 20-day moving average (MA) of 1.42, below the 50-day MA of 1.52, and below the 200-day MA of 2.07, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 56.48 is Neutral, neither overbought nor oversold. The STOCH value of 76.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1979.

Ten Pao Group Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

HK:1979 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:1979HK:197969NeutralHKD 1.52B5.7512.36%7.22%-9.99%-34.08%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
HK:3750HK:375061NeutralHKD 1.29T12.5024.02%2.65%58.67%40.21%
HK:3931HK:393151NeutralHKD 25.99B10.795.27%―79.77%149.08%
HK:3919HK:391944NeutralHKD 40.83M-1.74-3.88%―-2.14%23.66%
HK:0842HK:084242NeutralHKD 995.99M-7.15-2.78%2.52%-44.15%-130.35%
HK:8328HK:832835UnderperformHKD 298.50M-2.89-11.50%―-7.44%56.28%

* Industrials Sector Average

Performance Comparison

-50%0%50%HK:1979HK:3919HK:3931HK:8328HK:0842HK:3750Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
HK:1979 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:1979Ten Pao Group Holdings Limited1.50-0.60-28.71%
HK:3919Golden Power Group Holdings Ltd.0.58-1.00-63.34%
HK:3931CALB Co., Ltd. Class H13.51-17.23-56.05%
HK:8328Xinyi Electric Storage Holdings Limited0.38-0.30-44.12%
HK:0842Leoch International Technology Limited0.710.058.17%
HK:3750Contemporary Amperex Technology Co., Limited Class H359.40-180.45-33.43%

Ten Pao Group Holdings Limited Corporate Events

Ten Pao Updates Interim Dividend and Scrip Option Details

Oct 14, 2026

Ten Pao Group Holdings Limited has updated details of its interim dividend for the six months ended 30 June 2026, confirming an ordinary cash dividend of HKD 0.042 per share for the financial year ending 31 December 2026. Shareholders may elect to re...

Ten Pao’s Interim Profit Drops Sharply as Revenue and Margins Weaken

Aug 28, 2026

Ten Pao Group Holdings Limited, a Hong Kong-listed power supply and electronics manufacturer with a global customer base, produces a range of power supply solutions for industrial and OEM clients. The company operates through various subsidiaries, re...

Ten Pao Declares Interim Dividend with Scrip Option for First Half of 2026

Aug 28, 2026

Ten Pao Group Holdings Limited has declared an interim ordinary dividend of HKD 0.042 per share for the six months ended 30 June 2026, for the financial year ending 31 December 2026. Shareholders will receive the dividend in cash by default, with an...

Ten Pao Group Schedules Board Meeting on Interim Results and Dividend

Aug 18, 2026

Ten Pao Group Holdings Limited, a Cayman Islands-incorporated issuer listed in Hong Kong under stock code 1979, operates with a governance structure that includes three executive directors and four independent non-executive directors. The company ove...

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: Oct 14, 2026