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JTF International Holdings Ltd.
(9689)
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Rating:43Neutral
Price Target:
HK$0.46
â–²(36.18% Upside)
Action:N/A
Date:09/22/26
The score is held down primarily by weak profitability (losses and very thin margins) alongside higher leverage, despite a strong 2025 cash-flow rebound. Technicals further detract as the stock is trading below key moving averages with negative MACD. Valuation adds limited support because the P/E reflects losses and there is no dividend yield data.
Positive Factors
Improved Cash Generation
The sharp 2025 rebound in operating cash flow and free cash flow indicates materially better cash conversion than in 2024 and earlier weak years. If sustained, this can support operations and investment internally, reducing reliance on external financing despite volatile historical results.
Negative Factors
Persistent Losses and Thin Margins
Several consecutive years of losses and a very thin gross margin indicate that the current business model has limited earnings protection. Such low margin headroom leaves little room for operating setbacks and makes durable profit recovery dependent on materially better pricing, costs, or mix.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Cash Generation
The sharp 2025 rebound in operating cash flow and free cash flow indicates materially better cash conversion than in 2024 and earlier weak years. If sustained, this can support operations and investment internally, reducing reliance on external financing despite volatile historical results.
Read all positive factors
JTF International Holdings Ltd. (9689) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$535.68M
Dividend YieldN/A
Average Volume (3M)268.53K
Price to Earnings (P/E)11.9
Beta (1Y)0.59
Revenue Growth159.56%
EPS GrowthN/A
CountryHK
Employees18
SectorEnergy
Sector Strength52
IndustryOil & Gas Refining & Marketing
Share Statistics
EPS (TTM)0.04
Shares Outstanding1,116,000,000
10 Day Avg. Volume38,400
30 Day Avg. Volume268,533
Financial Highlights & Ratios
PEG Ratio-2.51
Price to Book (P/B)0.83
Price to Sales (P/S)0.29
P/FCF Ratio1.14
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
JTF International Holdings Ltd. Business Overview & Revenue Model
Company Description
JTF International Holdings Limited operates as an investment holding enterprise, with its main business activities revolving around the blending and distribution of fuel oil throughout the People's Republic of China. The company also markets a var...
JTF International Holdings Ltd. Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
38
Negative
Cash Flow
56
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.05B | 1.19B | 1.12B | 1.24B | 1.53B | 2.04B |
| Gross Profit | 71.05M | 19.27M | 12.78M | 57.90M | 72.91M | 90.73M |
| EBITDA | 55.63M | -9.28M | -9.21M | 7.36M | 51.07M | 58.42M |
| Net Income | 37.17M | -10.48M | -8.84M | -1.51M | 31.75M | 37.09M |
Balance Sheet | ||||||
| Total Assets | 688.24M | 783.68M | 463.06M | 496.75M | 491.20M | 596.40M |
| Cash, Cash Equivalents and Short-Term Investments | 147.95M | 31.94M | 33.41M | 189.71M | 106.44M | 7.80M |
| Total Debt | 130.55M | 308.28M | 4.08M | 4.00M | 4.60M | 6.21M |
| Total Liabilities | 238.65M | 371.50M | 40.40M | 65.25M | 72.82M | 209.77M |
| Stockholders Equity | 449.59M | 412.18M | 422.66M | 431.50M | 418.38M | 386.64M |
Cash Flow | ||||||
| Free Cash Flow | -186.15M | 300.96M | -172.02M | 82.54M | 98.01M | -55.60M |
| Operating Cash Flow | -185.98M | 300.96M | -172.02M | 82.54M | 98.09M | -55.31M |
| Investing Cash Flow | 175.31M | -301.63M | 1.18M | 929.00K | 962.00K | -7.00K |
| Financing Cash Flow | -245.84K | -543.00K | 14.31M | -360.00K | -560.00K | -560.00K |
JTF International Holdings Ltd. Technical Analysis
Negative
0.34
Price Trends
0.54
Negative
0.61
Negative
0.58
Negative
Market Momentum
-0.02
Negative
33.93
Neutral
30.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9689, the sentiment is Negative. The current price of 0.34 is below the 20-day moving average (MA) of 0.48, below the 50-day MA of 0.54, and below the 200-day MA of 0.58, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 33.93 is Neutral, neither overbought nor oversold. The STOCH value of 30.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9689.
JTF International Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
50 Neutral | HK$590.59M | 24.40 | 0.62% | 0.98% | -6.95% | -85.71% | |
45 Neutral | HK$140.56M | 0.90 | 100.77% | 27.70% | ― | ― | |
43 Neutral | HK$535.68M | 11.93 | 7.42% | ― | 159.56% | ― | |
43 Neutral | HK$86.87M | -3.29 | -69.23% | 0.42% | -5.50% | -67.32% | |
41 Neutral | HK$856.91M | -14.34 | -3.28% | ― | 42.95% | 88.22% | |
40 Underperform | HK$70.30M | -0.30 | 12.88% | ― | -23.24% | 91.43% |
* Energy Sector Average
HK:9689
JTF International Holdings Ltd.
0.48
0.14
41.18%
HK:0603
China Oil & Gas Group
0.12
-0.02
-17.01%
HK:1142
E&P Global Holdings Limited
0.06
-3.32
-98.11%
HK:2728
Jintai Energy Holdings Limited
0.40
-0.22
-36.29%
HK:0332
Yuan Heng Gas Holdings Ltd
0.17
-0.23
-57.64%
HK:8270
China CBM Group Co. Ltd.
0.29
0.02
9.62%
JTF International Holdings Ltd. Corporate Events
JTF International Details Board and Committee Structure
Sep 18, 2026
JTF International Holdings Ltd. has outlined its current board composition, confirming a leadership structure led by chairman and executive director Xu Ziming, alongside executive directors Huang Sizhen, Choi Sio Peng and Xu Yayi. The announcement...
JTF International Strengthens Board Governance with New Independent Director
Sep 18, 2026
JTF International Holdings Limited has appointed Mr. Li Kwok Fat as an independent non-executive director effective 18 September 2026, bringing over two decades of experience in corporate finance, accounting, auditing and compliance to the board. ...
JTF International Discloses Large Refined Oil Prepayments to Zhuhai Huafeng
Sep 14, 2026
JTF International Holdings disclosed that it has made significant prepayments for refined oil under a purchase contract with Zhuhai City Huafeng Petrochemical Company Limited, following an earlier cooperation framework agreement. A prepayment of a...
JTF International Sets Out Board and Committee Roles
Sep 4, 2026
JTF International Holdings Limited has outlined the composition of its board, naming executive directors including Chairman Xu Ziming and Managing Director Huang Sizhen, alongside fellow executives Choi Sio Peng and Xu Yayi. The company also detai...
JTF International Faces Temporary Governance Shortfall After Independent Director Resigns
Sep 4, 2026
JTF International Holdings Ltd. announced the resignation of independent non-executive director Ms. E Hongda, effective 4 September 2026, citing personal reasons and confirming no disagreement with the company. Her departure also ends her roles as...
JTF International Swings to Profit as Revenue Surges in First Half 2026
Aug 17, 2026
JTF International Holdings Limited, a Cayman Islands-incorporated company listed in Hong Kong, operates in the trading sector with revenue driven by sales of goods and supported by working-capital-intensive assets like inventories and pledged depo...
JTF International Redirects IPO Funds After Halting Zengcheng Depot Upgrade
Aug 11, 2026
JTF International Holdings has issued a supplemental announcement clarifying changes to the use of unutilised net proceeds from its initial public offering, originally earmarked for upgrading wharf berth capability at the Zengcheng Oil Depot. The ...
JTF International Raises HK$125.6 Million Through Share Placing, Diluting Controlling Stake
Aug 5, 2026
JTF International Holdings Ltd. has completed a placing of 186 million new shares under its general mandate, representing 20% of its pre-issue share capital and about 16.67% of the enlarged capital. The shares were placed at HK$0.69 each to at lea...
JTF International Sets Board Meeting to Review Interim Results and Possible Dividend
Aug 5, 2026
JTF International Holdings Ltd. has scheduled a board meeting for 17 August 2026 to review its interim financial results for the six months ended 30 June 2026. The board, which includes both executive and independent non-executive directors, will ...
JTF International Plans Share Placement of Up to 20% of Issued Capital
Jul 16, 2026
JTF International Holdings has entered into a placing agreement with Jakota Securities Group to issue up to 186 million new shares under its existing general mandate, representing 20% of its current share capital and about 16.67% of its enlarged c...
JTF International Discloses Large Prepayments in Petrochemical Trade
Jul 2, 2026
JTF International Holdings Ltd. has disclosed significant prepayments made to independent suppliers for refined oil, fuel oil and petrochemical products, as required under Hong Kong listing rules. The company typically prepays the full contract pr...
JTF International Wins Shareholder Approval for PRC Operations Agreement
Jun 30, 2026
Independent shareholders of JTF International Holdings Ltd. have approved an exclusive entrusted operation and management agreement and a supplemental agreement involving Jin Taifeng Fuel Oil, Xinhe New Energy, and Changlian Petrochemical Equipmen...
JTF International forecasts sharp profit rebound on stronger naphtha sales
Jun 26, 2026
JTF International Holdings Ltd. said it expects to swing to a profit of at least RMB35 million for the six months ending 30 June 2026, from a loss of about RMB5.3 million a year earlier. The turnaround is based on preliminary unaudited figures for...
JTF International Wins Unanimous Shareholder Backing at 2026 AGM
Jun 22, 2026
JTF International Holdings Ltd. reported that shareholders approved all resolutions put forward at its annual general meeting held on 22 June 2026, with voting conducted by poll. All directors attended and Tricor Investor Services acted as scrutin...
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.