GT Steel Construction Group Limited (8402) AI Stock Analysis

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GT Steel Construction Group Limited

(HKEX:8402)

Select Model

Rating:58Neutral

Price Target:HKD 0.14▲(3.79% Upside)

Action:reiterated

Date:10/31/26

The score is mainly held back by weak financial performance—ongoing losses and poor returns despite improved revenue and gross margin. Technicals are a key positive, with the stock trading above major moving averages and positive MACD supporting momentum. Valuation remains middling due to the negative P/E and lack of dividend support.

Positive Factors

Revenue and Gross Margin RecoveryThe strong top-line rebound and recovery in gross margin indicate improved project economics and pricing versus the prior period. If sustained, this provides a foundation for rebuilding operating leverage, strengthening competitiveness, and moving the business toward eventual profitability.

Negative Factors

Persistent UnprofitabilityRecurring losses show that the revenue rebound has not yet translated into sustainable earnings power. Negative EBIT and net margins limit internally funded growth, weaken resilience if project economics deteriorate, and leave the turnaround dependent on further operational improvement.

GT Steel Construction Group Limited (8402) vs. iShares MSCI Hong Kong ETF (EWH)

Market Cap: HKD 63.36M
Dividend Yield: ―
Average Volume (3M): 209.53K
Price to Earnings (P/E): -7.4
Beta (1Y): 0.77
Revenue Growth: -1.48%
EPS Growth: 69.10%
Country: Hong Kong
Employees: 125
Sector: Basic Materials
Sector Strength: 61
Industry: Steel

GT Steel Construction Group Limited Business Overview & Revenue Model

Company Description

GT Steel Construction Group Limited, an investment holding firm, provides end-to-end structural steel solutions throughout Singapore. Its expertise spans the design, procurement, fabrication, and installation of steel frameworks for a broad spectrum...

GT Steel Construction Group Limited Financial Statement Overview

Summary

Revenue rebounded strongly (+32.5% TTM) and gross margin recovered to ~13.2%, but profitability remains negative (TTM net margin ~-7.3%, EBIT margin ~-11.2%) and ROE is materially negative (~-28%). Cash flow is improving with positive TTM FCF (~0.45M), yet operating cash flow is very thin relative to losses, leaving the turnaround unproven.

Income Statement

28Negative

Balance Sheet

56Neutral

Cash Flow

43Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	18.73M	13.07M	23.26M	18.35M	9.39M	12.75M
Gross Profit	2.48M	71.44K	4.01M	3.06M	-2.98M	-5.51M
EBITDA	-154.56K	-2.90M	-67.56K	234.79K	-5.10M	-7.86M
Net Income	-1.36M	-3.66M	-1.08M	-1.44M	-6.76M	-9.55M
Balance Sheet
Total Assets	14.82M	13.19M	16.20M	18.63M	18.01M	25.17M
Cash, Cash Equivalents and Short-Term Investments	388.55K	1.31M	1.59M	3.24M	4.70M	5.64M
Total Debt	2.72M	2.86M	2.42M	3.83M	3.72M	4.91M
Total Liabilities	10.08M	8.18M	7.51M	8.89M	6.86M	7.25M
Stockholders Equity	4.73M	5.01M	8.69M	9.73M	11.15M	17.92M
Cash Flow
Free Cash Flow	449.64K	529.41K	-1.45M	-766.63K	847.26K	-1.37M
Operating Cash Flow	102.15K	599.91K	-1.37M	-684.50K	967.84K	-1.06M
Investing Cash Flow	-182.30K	-63.79K	996.40K	111.37K	-118.69K	-310.59K
Financing Cash Flow	-479.60K	-781.64K	-1.33M	-892.83K	-1.71M	-649.63K

GT Steel Construction Group Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price0.13

Price Trends

50DMA0.09Positive

100DMA0.08Positive

200DMA0.09Positive

Market Momentum

MACD0.01Negative

RSI63.13Neutral

STOCH2.50Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8402, the sentiment is Positive. The current price of 0.13 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.09, and above the 200-day MA of 0.09, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 63.13 is Neutral, neither overbought nor oversold. The STOCH value of 2.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:8402.

GT Steel Construction Group Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

HK:8402 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HK:1553	65Neutral	HKD 616.00M	5.56	7.76%	8.45%	-35.49%	-32.38%
Sector *	61Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
HK:1938	60Neutral	HKD 169.87M	1.21	7.82%	―	-39.70%	-51.97%
HK:8402	58Neutral	HKD 95.04M	-7.42	-28.01%	―	-1.48%	69.10%
HK:0826	48Neutral	HKD 6.62B	13.28	5.64%	2.38%	7.88%	16.03%
HK:0323	45Neutral	HKD 17.76B	-35.95	-1.96%	―	0.33%	76.02%
HK:1053	44Neutral	HKD 12.61B	-3.67	-18.85%	―	-6.57%	-6.67%

* Basic Materials Sector Average

Performance Comparison

HK:8402 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:8402	GT Steel Construction Group Limited	0.13	0.04	36.08%
HK:0323	Maanshan Iron & Steel Co Class H	1.32	-1.32	-49.98%
HK:0826	Tiangong International Co. Ltd.	2.43	-0.51	-17.23%
HK:1053	Chongqing Iron & Steel Co., Ltd. Class H	0.79	-0.58	-42.34%
HK:1553	Maike Tube Industry Holdings Limited	1.42	-0.03	-2.07%
HK:1938	Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.	0.17	-0.15	-47.50%

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 31, 2026

GT Steel Construction Group Limited AI Stock Analysis

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