Added to YB: 2025-10-08
Pitch date: 2025-10-06
8326.HK [bullish]
Tonking New Energy Group Holdings Limited
-3.61%
current return
Author Info
Kubang Pasu Capital is an experienced investor with over 6 years in equity research and market analysis. Focused on identifying undervalued opportunities and building long-term value through disciplined investment strategies. Sign up for the newsletter.
Company Info
Tonking New Energy Group Holdings Limited, an investment holding company, engages in the renewable energy business in the People’s Republic of China.
Market Cap
HKD 207.4M
Pitch Price
HKD 0.17
Price Target
0.35 (+126%)
Dividend
N/A
EV/EBITDA
3.22
P/E
2.58
EV/Sales
0.28
Sector
Independent Power and Renewable Electricity Producers
Category
value
A China based energy microcap with asymetrical upside - Tonking New Energy Group Holdings Limited
8326.HK: China solar EPC/tracker co, 4x revenue growth to HK$1.03B, 7% net margin. Trading 2.9x P/E, 0.6x P/B vs sector 15-20x despite strong fundamentals. Bear case HK$0.11, base case HK$0.35 (1-2yr). Risks: governance (controlling shareholder), customer concentration, China competition. Catalysts: ASEAN expansion, dividend potential.
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