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True Partner Capital Holding Limited
(8657)
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Rating:44Neutral
Price Target:
HK$0.27
▼(-39.32% Downside)
Action:Reiterated
Date:10/09/26
The score is held down primarily by very weak financial performance—sharp revenue contraction, extreme operating losses, and ongoing cash burn—despite a low-debt balance sheet. Technicals are only mildly supportive in the near term (price above 20/50/100DMAs but below the 200DMA with mixed momentum), and valuation is constrained by negative earnings (negative P/E) with no dividend yield provided.
Positive Factors
Debt-free balance sheet
The absence of debt removes refinancing pressure and interest obligations, giving the company greater financial flexibility than a leveraged peer. This balance-sheet strength could help preserve operating options and support recovery efforts over the next several quarters, despite current losses.
Negative Factors
Sharp revenue contraction
A sharp and sustained decline in revenue weakens the scale of the business and makes fixed operating costs harder to absorb. Unless demand recovers, the shrinking revenue base will continue limiting operating leverage, reducing the prospect that the company can convert high gross margins into durable earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of debt removes refinancing pressure and interest obligations, giving the company greater financial flexibility than a leveraged peer. This balance-sheet strength could help preserve operating options and support recovery efforts over the next several quarters, despite current losses.
Read all positive factors
True Partner Capital Holding Limited (8657) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$167.80M
Dividend Yield2.22%
Average Volume (3M)25.40K
Price to Earnings (P/E)―
Beta (1Y)0.16
Revenue Growth-26.67%
EPS Growth17.69%
CountryHK
Employees9
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-0.08
Shares Outstanding610,183,500
10 Day Avg. Volume10,000
30 Day Avg. Volume25,400
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)8.12
Price to Sales (P/S)17.77
P/FCF Ratio-7.36
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
True Partner Capital Holding Limited Business Overview & Revenue Model
Company Description
True Partner Capital Holding Limited is an asset management firm with a presence in both Hong Kong and Chicago. The company leverages its proprietary trading platform to actively manage diverse investment funds and provide discretionary managed ac...
True Partner Capital Holding Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
46
Neutral
Cash Flow
14
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.27M | 9.38M | 10.91M | 14.51M | 44.79M | 58.92M |
| Gross Profit | 4.15M | 8.74M | 9.94M | 12.91M | 41.40M | 52.38M |
| EBITDA | 0.00 | -470.00K | -46.39M | -62.22M | -30.20M | -20.91M |
| Net Income | -33.94M | -33.94M | -48.51M | -67.00M | -33.51M | -26.02M |
Balance Sheet | ||||||
| Total Assets | 24.63M | 24.29M | 53.22M | 105.68M | 173.71M | 216.74M |
| Cash, Cash Equivalents and Short-Term Investments | 16.13M | 18.26M | 32.59M | 66.47M | 122.71M | 168.57M |
| Total Debt | 0.00 | 0.00 | 353.00K | 1.72M | 3.06M | 874.00K |
| Total Liabilities | 2.71M | 3.77M | 7.44M | 10.42M | 11.94M | 11.32M |
| Stockholders Equity | 21.92M | 20.53M | 45.78M | 95.26M | 161.77M | 199.62M |
Cash Flow | ||||||
| Free Cash Flow | -30.30M | -22.65M | -49.52M | -66.36M | -25.22M | -9.21M |
| Operating Cash Flow | -30.30M | -22.65M | -49.52M | -65.73M | -23.83M | -5.01M |
| Investing Cash Flow | 12.84M | 141.00K | 18.24M | 9.54M | 2.42M | -12.12M |
| Financing Cash Flow | 17.46M | 6.94M | -1.42M | -1.46M | -16.09M | -10.10M |
True Partner Capital Holding Limited Technical Analysis
Negative
0.44
Price Trends
0.29
Negative
0.29
Negative
0.33
Negative
Market Momentum
>-0.01
Positive
45.15
Neutral
30.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8657, the sentiment is Negative. The current price of 0.44 is above the 20-day moving average (MA) of 0.29, above the 50-day MA of 0.29, and above the 200-day MA of 0.33, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.15 is Neutral, neither overbought nor oversold. The STOCH value of 30.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8657.
True Partner Capital Holding Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
55 Neutral | HK$350.71M | 2.50 | 46.99% | ― | 1098.58% | ― | |
45 Neutral | HK$678.17M | -6.10 | -33.51% | ― | 10.29% | -257.25% | |
44 Neutral | HK$167.80M | -3.61 | -159.92% | 2.22% | -26.67% | 17.69% | |
43 Neutral | HK$613.36M | -16.65 | -13.47% | 1.45% | 40.35% | -327.36% | |
43 Neutral | HK$523.08M | -1.12 | -63.18% | 0.09% | ― | ― | |
40 Underperform | HK$206.27M | -8.39 | -5.98% | 0.67% | 418.94% | -10.00% |
* Financial Sector Average
HK:8657
True Partner Capital Holding Limited
0.28
-0.14
-33.73%
HK:1226
China Investment and Finance Group Ltd
0.85
0.05
6.25%
HK:1835
Shanghai Realway Capital Assets Management Co., Ltd. Class H
4.00
1.98
98.02%
HK:0612
China Investment Fund Company Limited
0.34
0.00
0.00%
HK:0721
China Financial International Investments Limited
0.09
-0.21
-68.56%
HK:0080
China New Economy Fund Ltd.
0.26
-0.16
-38.10%
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.