Basetrophy Group Holdings Limited (8460) AI Stock Analysis

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Basetrophy Group Holdings Limited

(HKEX:8460)

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Rating:44Neutral

Price Target:HKD 0.40▲(17.06% Upside)

Action:reiterated

Date:10/07/26

The score is held down primarily by weak financial performance—ongoing losses (including negative gross margin) and significant TTM cash burn—while a low-leverage balance sheet provides some offset. Technicals add additional risk with price trading below key moving averages and a negative MACD. Valuation is not a clear positive because the negative P/E reflects losses and dividend yield is unavailable.

Positive Factors

Low leverageThe sharply lower debt-to-equity ratio reduces balance-sheet strain and leaves the company less exposed to interest costs and refinancing pressure. This provides greater financial flexibility to manage volatility and support operations while profitability remains under recovery.

Negative Factors

Persistent unprofitabilityNegative gross and net margins show that current projects are not producing sustainable economic returns, while losses since 2022 indicate the weakness is persistent rather than isolated. Continued unprofitability can restrict reinvestment, weaken resilience, and delay a dependable earnings recovery.

Basetrophy Group Holdings Limited (8460) vs. iShares MSCI Hong Kong ETF (EWH)

Market Cap: HKD 90.31M
Dividend Yield: ―
Average Volume (3M): 595.17K
Price to Earnings (P/E): -6.0
Beta (1Y): 2.84
Revenue Growth: 13.59%
EPS Growth: -1125.81%
Country: Hong Kong
Employees: 7
Sector: Industrials
Sector Strength: 63
Industry: Engineering & Construction

Basetrophy Group Holdings Limited Business Overview & Revenue Model

Company Description

Basetrophy Group Holdings Limited is an investment holding entity that primarily functions as a substructure subcontractor throughout Hong Kong. The company's diverse service portfolio encompasses various foundation works, including excavation and la...

Basetrophy Group Holdings Limited Financial Statement Overview

Summary

Overall fundamentals are pressured. Income statement and cash flow are very weak (loss-making with negative gross margin and net margin; TTM operating cash flow and free cash flow deeply negative), partially offset by a comparatively solid, de-risked balance sheet with low leverage (debt-to-equity ~0.05).

Income Statement

22Negative

Balance Sheet

67Positive

Cash Flow

18Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	101.55M	49.70M	98.97M	97.15M	86.48M	88.81M
Gross Profit	-2.61M	983.00K	290.00K	13.30M	16.26M	10.91M
EBITDA	-10.96M	-9.32M	4.01M	-14.41M	-3.55M	7.03M
Net Income	-14.91M	-6.41M	-4.27M	-19.77M	-6.52M	586.00K
Balance Sheet
Total Assets	99.89M	100.67M	94.45M	104.31M	105.50M	103.16M
Cash, Cash Equivalents and Short-Term Investments	1.45M	21.67M	2.67M	4.84M	4.15M	4.35M
Total Debt	2.76M	3.21M	15.47M	25.56M	17.25M	11.30M
Total Liabilities	42.42M	41.76M	44.85M	62.33M	43.90M	36.91M
Stockholders Equity	58.94M	60.38M	49.10M	41.51M	61.28M	66.25M
Cash Flow
Free Cash Flow	-30.21M	-2.78M	2.31M	-4.41M	3.27M	6.96M
Operating Cash Flow	-30.21M	-2.78M	2.92M	8.97M	6.80M	7.02M
Investing Cash Flow	17.75M	11.49M	1.37M	-13.38M	-3.46M	4.73M
Financing Cash Flow	23.15M	10.29M	-6.45M	5.10M	-3.55M	-12.81M

Basetrophy Group Holdings Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price0.34

Price Trends

50DMA0.36Negative

100DMA0.57Negative

200DMA1.16Negative

Market Momentum

MACD-0.01Negative

RSI44.80Neutral

STOCH42.86Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8460, the sentiment is Negative. The current price of 0.34 is below the 20-day moving average (MA) of 0.35, below the 50-day MA of 0.36, and below the 200-day MA of 1.16, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 44.80 is Neutral, neither overbought nor oversold. The STOCH value of 42.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8460.

Basetrophy Group Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

HK:8460 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HK:0240	84Outperform	HKD 1.73B	3.76	15.72%	12.19%	-12.79%	-0.62%
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
HK:2262	48Neutral	HKD 370.96M	31.25	3.68%	―	4.28%	25.30%
HK:1903	48Neutral	HKD 992.50M	-935.39	-0.44%	―	4.76%	-144.68%
HK:0896	47Neutral	HKD 316.56M	-0.35	-31.01%	―	-22.33%	-203.23%
HK:8460	44Neutral	HKD 90.31M	-5.96	-24.99%	―	13.59%	-1125.81%
HK:0406	34Underperform	HKD 216.84M	-1.07	-15.28%	―	13.50%	-106.11%

* Industrials Sector Average

Performance Comparison

HK:8460 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:8460	Basetrophy Group Holdings Limited	0.34	0.03	9.68%
HK:0240	Build King Holdings	1.39	-0.01	-0.43%
HK:0896	Hanison Construction Holdings	0.29	0.05	19.43%
HK:0406	Yau Lee Holdings Limited	0.49	-0.20	-29.29%
HK:1903	JBB Builders International Ltd.	1.99	0.20	10.89%
HK:2262	Steve Leung Design Group Limited	0.33	-0.78	-70.45%

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 07, 2026

Basetrophy Group Holdings Limited AI Stock Analysis

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