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Novacon Technology Group Ltd
(8635)
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Rating:52Neutral
Price Target:
HK$0.24
▼(-57.54% Downside)
Action:Reiterated
Date:09/30/26
Overall score reflects a cautious profile: improved profitability and a low-debt balance sheet are offset by sustained negative operating/free cash flow (the biggest risk) and a clearly weak price trend with the stock trading below key moving averages. Valuation is moderate but not enough to compensate for cash-flow and technical headwinds.
Positive Factors
Low Leverage
A conservatively financed balance sheet gives Novacon greater resilience through operating volatility and preserves flexibility to fund investment without heavy interest burdens. Low leverage can also reduce refinancing pressure and support strategic choices over the next several quarters.
Negative Factors
Persistent Negative Cash Flow
Several consecutive years of negative operating and free cash flow are a major structural concern because reported earnings are not translating into cash. Continued outflows could require external funding, restrict growth investment, and weaken financial flexibility despite low debt.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
A conservatively financed balance sheet gives Novacon greater resilience through operating volatility and preserves flexibility to fund investment without heavy interest burdens. Low leverage can also reduce refinancing pressure and support strategic choices over the next several quarters.
Read all positive factors
Novacon Technology Group Ltd (8635) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$134.12M
Dividend Yield23.04%
Average Volume (3M)1.13M
Price to Earnings (P/E)15.2
Beta (1Y)0.73
Revenue Growth875.54%
EPS GrowthN/A
CountryHK
Employees57
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.02
Shares Outstanding543,000,000
10 Day Avg. Volume1,355,200
30 Day Avg. Volume1,129,866
Financial Highlights & Ratios
PEG Ratio-0.25
Price to Book (P/B)1.79
Price to Sales (P/S)1.04
P/FCF Ratio-4.79
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
Novacon Technology Group Ltd Business Overview & Revenue Model
Company Description
Elephant Holdings Group Ltd. functions as an investment vehicle, primarily focused on two key areas. The company delivers financial trading solutions and is also dedicated to developing and providing specialized software and associated services fo...
Novacon Technology Group Ltd Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
76
Positive
Cash Flow
33
Negative
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 175.00M | 17.94M | 22.79M | 52.58M | 50.03M |
| Gross Profit | 18.16M | -678.00K | -6.45M | 16.15M | 18.31M |
| EBITDA | 16.88M | -12.49M | -14.73M | 15.33M | 21.06M |
| Net Income | 5.80M | -19.46M | -22.98M | 5.71M | 11.22M |
Balance Sheet | |||||
| Total Assets | 160.50M | 70.05M | 115.39M | 137.38M | 129.63M |
| Cash, Cash Equivalents and Short-Term Investments | 11.08M | 18.23M | 44.42M | 61.41M | 58.19M |
| Total Debt | 4.57M | 0.00 | 0.00 | 504.00K | 0.00 |
| Total Liabilities | 58.38M | 8.47M | 9.05M | 7.66M | 4.83M |
| Stockholders Equity | 101.75M | 61.23M | 106.33M | 129.72M | 124.80M |
Cash Flow | |||||
| Free Cash Flow | -38.01M | -10.54M | -24.43M | 7.02M | 3.61M |
| Operating Cash Flow | -37.04M | -6.83M | -17.89M | 12.43M | 8.80M |
| Investing Cash Flow | -4.37M | 6.59M | 1.54M | -8.02M | -5.07M |
| Financing Cash Flow | 33.27M | -25.80M | -804.00K | -1.18M | -11.78M |
Novacon Technology Group Ltd Technical Analysis
Negative
0.57
Price Trends
0.29
Negative
0.29
Negative
0.37
Negative
Market Momentum
-0.02
Positive
37.11
Neutral
6.87
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8635, the sentiment is Negative. The current price of 0.57 is above the 20-day moving average (MA) of 0.34, above the 50-day MA of 0.29, and above the 200-day MA of 0.37, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 37.11 is Neutral, neither overbought nor oversold. The STOCH value of 6.87 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8635.
Novacon Technology Group Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | HK$911.49M | 10.60 | 22.37% | 8.99% | 7.71% | 2.01% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | HK$25.87B | 87.88 | 3.02% | 0.10% | 16.98% | ― | |
54 Neutral | HK$3.63B | -15.76 | -2.55% | 1.46% | -2.82% | -152.77% | |
52 Neutral | HK$134.12M | 15.25 | 9.10% | 23.04% | 875.54% | ― | |
47 Neutral | HK$97.97M | -0.30 | -23.42% | ― | -30.67% | 8.70% | |
43 Neutral | HK$3.20B | -7.22 | -13.18% | ― | 40.17% | 76.39% |
* Technology Sector Average
HK:8635
Novacon Technology Group Ltd
0.25
-1.30
-84.06%
HK:0268
Kingdee International Software Group Co
7.14
-9.17
-56.22%
HK:2013
Weimob
0.75
-1.88
-71.48%
HK:0536
Tradelink Electronic Commerce Limited
1.13
0.21
22.29%
HK:1675
AsiaInfo Technologies Limited
3.69
-5.82
-61.19%
HK:6610
Flowing Cloud Technology Ltd.
0.75
-3.39
-81.88%
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.