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Tat Hong Equipment Service Co. Ltd.
(2153)
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Rating:42Neutral
Price Target:
HK$0.77
â–¼(-17.42% Downside)
Action:Reiterated
Date:10/14/26
The score is held down primarily by deteriorating financial performance (revenue and margin contraction with sustained losses and rising leverage). Technicals add further pressure as the stock trades below all key moving averages with negative MACD. Valuation provides limited offset because the negative P/E reflects loss-making results and there is no stated dividend yield support.
Positive Factors
Positive operating cash flow
Consistently positive operating cash flow provides an internal liquidity source despite weak earnings, while the 2026 improvement suggests the operating model can still convert activity into cash. This supports near-term resilience and reduces reliance on external funding.
Negative Factors
Multi-year revenue decline
A continuous multi-year revenue contraction signals weakening business scale and limits the company’s ability to spread fixed costs across its equipment-service platform. Unless demand and utilization recover, lower volume can continue pressuring earnings and cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive operating cash flow
Consistently positive operating cash flow provides an internal liquidity source despite weak earnings, while the 2026 improvement suggests the operating model can still convert activity into cash. This supports near-term resilience and reduces reliance on external funding.
Read all positive factors
Tat Hong Equipment Service Co. Ltd. (2153) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$974.34M
Dividend Yield4.14%
Average Volume (3M)138.37K
Price to Earnings (P/E)―
Beta (1Y)0.31
Revenue Growth-6.74%
EPS Growth-2.06%
CountryHK
Employees682
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.10
Shares Outstanding1,166,871,200
10 Day Avg. Volume138,200
30 Day Avg. Volume138,366
Financial Highlights & Ratios
PEG Ratio2.52
Price to Book (P/B)0.82
Price to Sales (P/S)1.72
P/FCF Ratio17.16
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
Tat Hong Equipment Service Co. Ltd. Business Overview & Revenue Model
Company Description
Tat Hong Equipment Service Co., Ltd. provides tower crane solution services in the People's Republic of China. The company offers consultation, technical design, commissioning, construction, and after-sales services to infrastructure, clean energy...
Tat Hong Equipment Service Co. Ltd. Financial Statement Overview
Summary
Income Statement
26
Negative
Balance Sheet
44
Neutral
Cash Flow
53
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 561.28M | 634.56M | 682.29M | 770.75M | 867.02M |
| Gross Profit | 54.02M | 71.10M | 80.76M | 173.23M | 234.14M |
| EBITDA | 204.81M | 231.88M | 244.75M | 328.58M | 338.39M |
| Net Income | -116.39M | -120.55M | -95.64M | -35.81M | 47.63M |
Balance Sheet | |||||
| Total Assets | 2.88B | 3.11B | 3.08B | 3.15B | 2.92B |
| Cash, Cash Equivalents and Short-Term Investments | 155.86M | 158.56M | 154.51M | 177.48M | 195.22M |
| Total Debt | 1.22B | 1.26B | 1.18B | 1.07B | 700.69M |
| Total Liabilities | 1.70B | 1.80B | 1.66B | 1.64B | 1.35B |
| Stockholders Equity | 1.18B | 1.30B | 1.42B | 1.52B | 1.57B |
Cash Flow | |||||
| Free Cash Flow | 56.21M | 22.18M | -104.33M | -253.33M | -355.15M |
| Operating Cash Flow | 206.41M | 310.83M | 90.67M | 231.58M | 223.97M |
| Investing Cash Flow | -48.67M | -253.61M | -158.58M | -464.23M | -313.90M |
| Financing Cash Flow | -158.41M | -51.31M | 51.33M | 219.00M | 110.73M |
Tat Hong Equipment Service Co. Ltd. Technical Analysis
Positive
0.93
Price Trends
0.85
Positive
0.84
Positive
0.89
Negative
Market Momentum
>-0.01
Negative
52.96
Neutral
93.94
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2153, the sentiment is Positive. The current price of 0.93 is above the 20-day moving average (MA) of 0.83, above the 50-day MA of 0.85, and above the 200-day MA of 0.89, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 52.96 is Neutral, neither overbought nor oversold. The STOCH value of 93.94 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2153.
Tat Hong Equipment Service Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$12.07B | 7.26 | 12.47% | 7.09% | 21.86% | 25.46% | |
68 Neutral | HK$25.31B | 12.82 | 12.81% | 4.55% | 19.07% | 29.20% | |
66 Neutral | HK$330.00M | 16.02 | 4.79% | 10.61% | -14.36% | -26.60% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | HK$58.18B | 12.52 | 7.23% | 8.68% | 22.97% | 6.24% | |
44 Neutral | HK$819.15M | -8.52 | -1.12% | 9.37% | 2.12% | -10.56% | |
42 Neutral | HK$974.34M | -6.95 | -9.84% | 4.14% | -6.74% | -2.06% |
* Industrials Sector Average
HK:2153
Tat Hong Equipment Service Co. Ltd.
0.84
-0.23
-21.23%
HK:3339
Lonking Holdings
2.82
-0.03
-1.05%
HK:1122
Qingling Motors Co
0.33
-0.42
-56.00%
HK:0631
Sany Heavy Equipment International Holdings Co
7.70
0.38
5.18%
HK:1157
Zoomlion Heavy Industry Science & Technology Co
5.15
-1.65
-24.26%
HK:2102
Tak Lee Machinery Holdings Limited
0.33
0.08
33.06%
Tat Hong Equipment Service Co. Ltd. Corporate Events
Tat Hong sets up SGD50 million commercial paper programme and launches first issue
Oct 14, 2026
Tat Hong Equipment Service Co., Ltd. has set up a SGD50 million multicurrency, multi-series unlisted unsecured commercial paper facility, allowing it to issue commercial paper periodically in different tranches. The move broadens the company’...
Tat Hong Issues Eleventh Digital SGD Commercial Paper to Bolster Working Capital
Oct 8, 2026
Tat Hong Equipment Service Co., Ltd. has launched its eleventh issue of commercial papers in the form of digital securities under its SDAX multicurrency commercial paper facility, denominated in Singapore dollars and carrying an interest rate of 4...
Tat Hong Wins Unanimous Shareholder Backing at 2026 AGM
Sep 24, 2026
Tat Hong Equipment Service Co., Ltd. reported that all resolutions tabled at its 2026 annual general meeting on 24 September were approved by shareholders through a poll, with 813,532,387 votes cast in favour and none against. The meeting confirme...
Tat Hong calls 2026 AGM to renew share issue mandate and reappoint board, auditors
Jul 16, 2026
Tat Hong Equipment Service Co., Ltd. has convened its 2026 annual general meeting for 24 September 2026 in Shanghai, where shareholders will review and adopt the audited consolidated financial statements and directors’ and auditors’ re...
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.