Crosstec Group Holdings (SEHK:3893) Losses Deepen As Valuation Strain Builds

Simply Wall St.10-02

The market left Crosstec Group Holdings flat at HK$1.305 into the FY 2026 results, yet the story on the income statement is anything but calm. The key flashpoint is not revenue; it is the deepening ...

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The key flashpoint is not revenue; it is the deepening ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/consumer-services/hkg-3893/crosstec-group-holdings-shares/news/crosstec-group-holdings-sehk3893-losses-deepen-as-valuation\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crosstec Group Holdings (SEHK:3893) Losses Deepen As Valuation Strain Builds</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrosstec Group Holdings (SEHK:3893) Losses Deepen As Valuation Strain Builds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-02 03:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/hk/consumer-services/hkg-3893/crosstec-group-holdings-shares/news/crosstec-group-holdings-sehk3893-losses-deepen-as-valuation><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The market left Crosstec Group Holdings flat at HK$1.305 into the FY 2026 results, yet the story on the income statement is anything but calm. The key flashpoint is not revenue; it is the deepening ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/consumer-services/hkg-3893/crosstec-group-holdings-shares/news/crosstec-group-holdings-sehk3893-losses-deepen-as-valuation\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1215","symbol_name":"特殊消费者服务","start_time":0,"source_url":"https://simplywall.st/stocks/hk/consumer-services/hkg-3893/crosstec-group-holdings-shares/news/crosstec-group-holdings-sehk3893-losses-deepen-as-valuation","article_id":"2672674757","we_media_id":null,"thumbnails":["https://simplywall.st/cdn-cgi/image/fit=cover,format=auto,width=320,height=180/https://images.simplywall.st/asset/industry/3112800-choice2-card/1789119118942"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/hk/consumer-services/hkg-3893/crosstec-group-holdings-shares/news/crosstec-group-holdings-sehk3893-losses-deepen-as-valuation","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2672674757","pubTimestamp":1790882679,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"The market left Crosstec Group Holdings flat at HK$1.305 into the FY 2026 results, yet the story on the income statement is anything but calm. The key flashpoint is not revenue; it is the deepening loss profile. Management reported a trailing twelve month loss from continuing operations of HK$146.258 million and a basic loss per share of HK$0.2784, against a business that generated HK$65.313 million in sales. With the stock already trading on a rich 16.9x P/S and shareholders facing recent...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1215":"特殊消费者服务","03893":"易纬集团"},"translate_title":"Crosstec Group Holdings (SEHK:3893) 估值压力加剧，亏损加深","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03893":0.9},"content_text":"The market left Crosstec Group Holdings flat at HK$1.305 into the FY 2026 results, yet the story on the income statement is anything but calm. The key flashpoint is not revenue; it is the deepening loss profile. Management reported a trailing twelve month loss from continuing operations of HK$146.258 million and a basic loss per share of HK$0.2784, against a business that generated HK$65.313 million in sales. With the stock already trading on a rich 16.9x P/S and shareholders facing recent dilution alongside negative equity, today’s numbers hit an already strained valuation story. Concerned that Crosstec Group Holdings pairs a rich 16.9x P/S with deep losses and negative equity? Set a higher bar for quality by benchmarking it against our list of solid balance sheet and fundamentals stocks (206 results) AdvertisementFY 2026 Earnings Summary  Revenue (FY 2026 vs FY 2025 PCP, Total Revenue): HK$65.313 million vs. HK$55.409 million (the change reflects a higher top line against the prior comparative period) Net Loss (FY 2026 vs FY 2025 PCP, Net Income Excl. Extra Items): loss of HK$145.228 million vs. loss of HK$28.211 million (losses deepened compared with the prior comparative period) Basic EPS (FY 2026 vs FY 2025 PCP, Trailing Twelve Months): loss per share of HK$0.2784 vs. loss per share of HK$0.168216 (the per share loss widened relative to the prior comparative period) Earnings from Continuing Operations (FY 2026 vs FY 2025 PCP, Trailing Twelve Months): loss of HK$146.258 million vs. loss of HK$28.211 million (continuing operations moved further into loss)  Prefer clean charts over slogging through pages of Crosstec Group Holdings figures and footnotes? Get a full visual snapshot of the business, including how its valuation stacks up against the fundamentals, in our company report for Crosstec Group Holdings. SEHK:3893 Trailing 12-Month Revenue & Expenses Breakdown as at Oct 2026 Crosstec bullish story leans on revenue resilience Crosstec Group Holdings still gives optimists one foothold. Revenue reached HK$65.313 million against HK$55.409 million in the prior period, so the top line is holding up for a project driven interiors group. For a business exposed to lumpy refurbishment and fit out cycles, that matters. It suggests the multi country footprint and mixed service offering continue to attract work, even while profitability is under clear strain. Loss trajectory keeps the Crosstec bear case in focus The bear case around Crosstec Group Holdings is reinforced more than challenged. Net loss widened to HK$145.228 million from HK$28.211 million and earnings from continuing operations moved deeper into loss territory. Basic loss per share also grew, now at HK$0.2784 versus HK$0.168216. Alongside previously flagged negative equity and recent dilution, this steeper loss profile raises questions about balance sheet resilience and how long the business can absorb this level of strain without structural change. After heavy recent dilution, deep losses and negative equity, are these pressures isolated or part of a broader fragility? Review the risk analysis for Crosstec Group Holdings which shows 4 important warning signs. Stay Ahead Of Your Next Move Crosstec Group Holdings carries a rich P/S, deep losses and negative equity, so it makes sense to track it closely rather than react late. Register for free with Simply Wall St and add it to a Watchlist to keep an eye on price versus fair value and watch how the story develops. If you already hold positions, use the Portfolio Command Center to cut through noise and focus on the key updates that affect your holdings. Round it out with the Community so you can see what other investors are watching, surface hidden catalysts or risks early, and stay ahead of the market. Seeking Alternatives Before The Crowd? Fresh ideas move first. When capital chases momentum and quiet winners start flying, late entries get caught chasing. Scan under the radar for now and act now.  Consider potential compounding stories early by reviewing curated 616 high quality undiscovered gems that stay off most radars while the data still looks fresh. Focus on durable income streams by screening for 157 dividend fortresses that may help support overall portfolio returns when sentiment drops or momentum stalls. Concentrate on sturdier balance sheets with a hand picked 222 resilient stocks with low risk scores list before more cautious capital starts moving into the same ideas.   This article by Simply Wall St is general in nature. We provide commentary based on historical data\n        and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n        financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n        Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n        Simply Wall St has no position in any stocks mentioned.New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. 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