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Tomo Holdings Limited (HK:6928)
:6928
Hong Kong Market
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Tomo Holdings Limited (6928) AI Stock Analysis

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HK:6928

Tomo Holdings Limited

(6928)

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Neutral 42 (OpenAI - 4o)
Rating:42Neutral
Price Target:
HK$0.00
▼(-100.00% Downside)
Tomo Holdings Limited faces significant financial challenges with declining revenues and negative cash flow, which are the most impactful factors. The technical analysis suggests a bearish trend, and the valuation is unattractive due to negative profitability. These factors collectively result in a low overall stock score.

Tomo Holdings Limited (6928) vs. iShares MSCI Hong Kong ETF (EWH)

Tomo Holdings Limited Business Overview & Revenue Model

Company DescriptionTomo Holdings Limited (6928) is a company that operates primarily in the automotive sector, focusing on the production and distribution of automotive parts and accessories. The company is known for its high-quality products and services, which cater to a broad range of customers, including individual consumers and businesses within the automotive industry.
How the Company Makes MoneyTomo Holdings Limited generates its revenue through the sale of automotive parts and accessories. The company's key revenue streams include the distribution of its products to various automotive retailers and repair shops. Additionally, Tomo Holdings may engage in partnerships with automotive manufacturers to supply components directly for vehicle production. The company's earnings are significantly influenced by the demand for automotive parts, market trends in the automotive industry, and its ability to maintain strong relationships with key partners and customers.

Tomo Holdings Limited Financial Statement Overview

Summary
Tomo Holdings Limited is facing financial difficulties with declining revenues, negative profitability, and cash flow challenges. Despite strong liquidity and a low debt-to-equity ratio, the company struggles with negative free cash flow and operating cash flow, indicating potential liquidity issues.
Income Statement
30
Negative
Tomo Holdings Limited's income statement reflects a challenging period with declining revenues and consistent losses. The gross profit margin has deteriorated, indicating reduced efficiency in production or sales processes. Net profit margin is negative, showing the company is not profitable. Revenue has decreased significantly over recent years, suggesting a downward trend that may be challenging to reverse. The company has not achieved positive EBIT or EBITDA margins recently.
Balance Sheet
55
Neutral
The balance sheet shows strong liquidity with high cash reserves compared to debt, resulting in a low debt-to-equity ratio, which is a positive aspect. However, the company's return on equity is negative due to consistent net losses, indicating that shareholder investments are not generating returns. The equity ratio is high, suggesting that the company is primarily financed through equity, which is generally a strength.
Cash Flow
40
Negative
The cash flow statement reveals that Tomo Holdings is struggling with negative free cash flow and operating cash flow, indicating potential liquidity issues. The free cash flow growth is negative, reflecting challenges in generating cash from operations after capital expenditures. The lack of positive cash flow from operations is a significant concern for sustainability.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue2.94M2.83M9.07M16.34M9.71M6.18M
Gross Profit1.21M932.53K420.39K925.49K1.57M1.86M
EBITDA-3.35M-3.26M-10.22M-1.87M287.36K145.13K
Net Income-3.02M-2.63M-10.58M-1.87M118.03K172.98K
Balance Sheet
Total Assets9.01M11.21M14.64M24.98M26.34M26.81M
Cash, Cash Equivalents and Short-Term Investments2.39M4.93M8.32M12.02M20.36M20.64M
Total Debt121.27K6.80K46.47K84.31K6.95K47.37K
Total Liabilities334.92K591.79K1.39M1.15M638.36K1.23M
Stockholders Equity8.67M10.62M13.25M23.83M25.70M25.58M
Cash Flow
Free Cash Flow-3.80M-3.41M-3.78M-2.16M-233.40K1.03M
Operating Cash Flow-3.73M-3.37M-3.39M-1.60M-118.55K1.17M
Investing Cash Flow-30.57K24.59K4.74M-11.71M-114.15K9.24M
Financing Cash Flow-21.88K-41.03K-41.03K-41.18K-41.94K-41.94K

Tomo Holdings Limited Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.23
Price Trends
50DMA
0.25
Negative
100DMA
0.28
Negative
200DMA
0.18
Positive
Market Momentum
MACD
>-0.01
Positive
RSI
46.97
Neutral
STOCH
11.35
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6928, the sentiment is Neutral. The current price of 0.23 is below the 20-day moving average (MA) of 0.25, below the 50-day MA of 0.25, and above the 200-day MA of 0.18, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.97 is Neutral, neither overbought nor oversold. The STOCH value of 11.35 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:6928.

Tomo Holdings Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
HK$3.86B7.2913.59%12.69%-3.80%-27.62%
$18.38B12.79-2.54%3.03%1.52%-15.83%
HK$513.07M9.273.56%1.09%14.93%19.84%
HK$900.00M99.09-0.12%23.71%-112.50%
HK$142.35M-8.30-5.93%-73.61%-2.33%
HK$69.09M-4.65-11.68%35.28%25.28%
HK$166.72M-29.43%16.68%25.52%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:6928
Tomo Holdings Limited
0.23
0.12
109.09%
HK:1241
Shuanghua Holdings Ltd.
0.22
0.14
175.00%
HK:1571
Xin Point Holdings Limited
4.03
0.84
26.33%
HK:6162
China Tianrui Automotive Interiors Co., Ltd.
0.40
0.31
344.44%
HK:6163
Gemilang International Ltd.
0.26
0.02
8.33%
HK:6830
Huazhong In-Vehicle Holdings Company Limited
0.28
0.01
3.70%

Tomo Holdings Limited Corporate Events

Tomo Holdings Updates Website and Contact Information
Oct 20, 2025

Tomo Holdings Limited has announced a change in its company website and contact information. Effective from October 20, 2025, the company’s website will be updated to https://tomohk.com, and its contact details will be revised, including a new telephone number and email address, while the facsimile number will be discontinued. This change is part of the company’s efforts to streamline its communication channels and enhance accessibility for stakeholders.

The most recent analyst rating on (HK:6928) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Tomo Holdings Limited stock, see the HK:6928 Stock Forecast page.

Tomo Holdings Limited Completes Successful Rights Issue
Oct 9, 2025

Tomo Holdings Limited announced the successful completion of its Rights Issue, which was approximately 63.43% subscribed. The remaining unsubscribed shares were successfully placed, resulting in gross proceeds of approximately HK$40.5 million. The net proceeds of HK$39.5 million will be used to upgrade and expand the motor vehicle trading business, enhance the electronic accessories and upholstery business, cover increased operational costs, and serve as general working capital. The Rights Issue has not altered the substantial shareholding structure, with no new substantial shareholders emerging.

The most recent analyst rating on (HK:6928) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Tomo Holdings Limited stock, see the HK:6928 Stock Forecast page.

Tomo Holdings Limited Announces Rights Issue Results and Compensatory Arrangements
Sep 22, 2025

Tomo Holdings Limited announced the results of its Rights Issue, where 63.43% of the offered shares were subscribed, leaving 36.57% unsubscribed. The company has arranged for these unsubscribed shares to be placed with independent placees, with any net gain distributed to certain shareholders on a pro-rata basis.

The most recent analyst rating on (HK:6928) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Tomo Holdings Limited stock, see the HK:6928 Stock Forecast page.

Tomo Holdings Limited Reports Revenue Growth Amid Increased Losses in H1 2025
Aug 29, 2025

Tomo Holdings Limited reported a 7.8% increase in unaudited revenue for the first half of 2025, reaching approximately S$1,490,000. Despite the revenue growth, the company experienced a higher unaudited loss of approximately S$1,946,000 compared to the same period in 2024. This increase in loss is attributed to higher administrative expenses and other net losses, impacting the company’s financial performance.

The most recent analyst rating on (HK:6928) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Tomo Holdings Limited stock, see the HK:6928 Stock Forecast page.

Tomo Holdings Delays Prospectus Dispatch, Revises Rights Issue Timetable
Aug 18, 2025

Tomo Holdings Limited has announced a delay in the dispatch of its prospectus documents related to a proposed rights issue. The rights issue, initially scheduled for dispatch by August 19, 2025, will now be postponed to on or before September 1, 2025. This delay necessitates a revision of the expected timetable for the rights issue and associated trading arrangements, impacting shareholders and trading schedules.

Tomo Holdings Announces HK$40.5 Million Rights Issue
Aug 4, 2025

Tomo Holdings Limited has announced a proposed rights issue to raise approximately HK$40.5 million by offering one rights share for every two shares held by qualifying shareholders. The rights issue, which is non-underwritten, aims to generate net proceeds of around HK$39.5 million and involves placing any unsubscribed shares to independent placees. This move is part of the company’s strategy to strengthen its financial position, though it carries risks as the rights issue may not proceed if certain conditions are not met.

Tomo Holdings Announces Director Resignations and Board Meeting
Jul 31, 2025

Tomo Holdings Limited announced the resignation of two directors, Mr. Tsang Chun Ho Anthony and Mr. Choi Tan Yee, effective 31 July 2025, due to other work arrangements. Mr. Choi also resigned as an authorized representative, with Mr. Lu Yongde appointed as his replacement. The company expressed gratitude for their contributions. Additionally, a board meeting is scheduled for 29 August 2025 to consider and approve the unaudited interim results and discuss the potential payment of an interim dividend.

Tomo Holdings Limited Announces Board Composition and Committee Roles
Jul 31, 2025

Tomo Holdings Limited, a company incorporated in the Cayman Islands, has announced the composition of its board of directors and their roles. The board consists of five directors, including both executive and independent non-executive directors. The company has also established three committees: Audit, Remuneration, and Nomination, with specific directors assigned to each committee. This announcement provides clarity on the governance structure of Tomo Holdings Limited, which is crucial for stakeholders to understand the leadership and decision-making framework within the company.

Tomo Holdings Faces Challenges with Investment in Associates
Jul 28, 2025

Tomo Holdings Limited announced updates regarding its investment in associates, highlighting issues with the fulfillment of a profit guarantee by Mr. Tsang, the vendor. Despite attempts to verify financial statements, the company could not confirm their authenticity due to restricted access to underlying documents. Consequently, a bankruptcy petition against Mr. Tsang was withdrawn, and the company is exploring legal actions and potential disposal of the target group. The board plans to enhance internal controls to prevent similar issues in future investments.

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 18, 2025