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Top Standard Corp.
(8510)
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Rating:51Neutral
Price Target:
HK$0.23
▲(16.00% Upside)
Action:Reiterated
Date:10/03/26
The score is primarily held back by weak financial quality—ongoing losses and a constrained balance sheet with negative equity—despite improving revenue and positive free cash flow. Technical signals are supportive (price above major moving averages with positive MACD), but valuation remains challenged due to negative earnings and no dividend support.
Positive Factors
Revenue Growth
TTM revenue growth indicates improving sales traction and suggests the company is expanding its revenue base despite its weak profitability. If sustained, stronger sales can provide operating leverage and create a foundation for improved earnings over the next several quarters.
Negative Factors
Negative Shareholders’ Equity
Persistently negative equity signals accumulated deficits and leaves the company without a conventional capital buffer. This weakens financial flexibility, makes future funding more important, and increases exposure to refinancing or recapitalization pressure if operating performance deteriorates.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
TTM revenue growth indicates improving sales traction and suggests the company is expanding its revenue base despite its weak profitability. If sustained, stronger sales can provide operating leverage and create a foundation for improved earnings over the next several quarters.
Read all positive factors
Top Standard Corp. (8510) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$55.18M
Dividend YieldN/A
Average Volume (3M)206.19K
Price to Earnings (P/E)―
Beta (1Y)<0.01
Revenue Growth-6.60%
EPS Growth86.86%
CountryHK
Employees51
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding238,878,720
10 Day Avg. Volume141,920
30 Day Avg. Volume206,186
Financial Highlights & Ratios
PEG Ratio0.38
Price to Book (P/B)-3.26
Price to Sales (P/S)1.78
P/FCF Ratio82.33
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
Top Standard Corp. Business Overview & Revenue Model
Company Description
Top Standard Corporation, an investment holding company, operates restaurants and bars in Hong Kong and South-east Asia. The company operates through two segments, Catering Service and Online Sale of Wines. It is involved in the operation of resta...
Top Standard Corp. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
22
Negative
Cash Flow
44
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 27.64M | 19.71M | 14.33M | 9.07M | 12.48M | 6.65M |
| Gross Profit | 6.24M | 4.66M | 869.00K | -1.75M | 1.14M | 1.57M |
| EBITDA | -900.50K | -306.00K | -10.55M | 7.63M | -6.37M | -11.49M |
| Net Income | -1.79M | -1.01M | -9.80M | 6.01M | -7.50M | -3.12M |
Balance Sheet | ||||||
| Total Assets | 6.81M | 10.54M | 6.41M | 15.47M | 10.11M | 16.71M |
| Cash, Cash Equivalents and Short-Term Investments | 1.68M | 1.68M | 2.58M | 2.42M | 1.18M | 2.98M |
| Total Debt | 4.46M | 9.81M | 8.24M | 9.42M | 7.46M | 6.54M |
| Total Liabilities | 26.47M | 29.51M | 26.90M | 23.74M | 25.89M | 23.69M |
| Stockholders Equity | -11.53M | -10.74M | -11.53M | -4.88M | -14.36M | -6.89M |
Cash Flow | ||||||
| Free Cash Flow | 1.56M | 425.00K | -1.25M | -8.49M | 1.10M | -14.87M |
| Operating Cash Flow | -210.00K | 456.00K | 1.06M | -2.11M | 6.87M | -14.75M |
| Investing Cash Flow | 803.00K | -318.00K | -2.36M | -6.49M | -5.85M | -173.00K |
| Financing Cash Flow | 629.50K | -982.00K | 1.46M | 9.83M | -3.06M | 8.88M |
Top Standard Corp. Technical Analysis
Positive
0.20
Price Trends
0.19
Positive
0.20
Positive
0.18
Positive
Market Momentum
0.01
Negative
53.01
Neutral
70.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8510, the sentiment is Positive. The current price of 0.2 is below the 20-day moving average (MA) of 0.23, above the 50-day MA of 0.19, and above the 200-day MA of 0.18, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 53.01 is Neutral, neither overbought nor oversold. The STOCH value of 70.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:8510.
Top Standard Corp. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | HK$72.00M | 17.32 | 27.62% | 20.00% | -6.92% | ― | |
57 Neutral | HK$124.80M | 108.33 | 1.99% | ― | -10.32% | 72.73% | |
51 Neutral | HK$55.18M | -27.13 | 16.08% | ― | -6.60% | 86.86% | |
51 Neutral | HK$153.40M | -3.80 | -40.59% | 2.10% | -16.49% | 43.73% | |
43 Neutral | HK$39.57M | 1.86 | 82.00% | 14.63% | 2.70% | ― | |
37 Underperform | HK$55.34M | -2.13 | -102.38% | ― | 1.93% | -27.49% |
* Consumer Cyclical Sector Average
HK:8510
Top Standard Corp.
0.23
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95.76%
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Tasty Concepts Holding Limited
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0.05
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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.