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2012.HK — HKEX Oil & Gas Exploration and Production

2012.Hk

HK$0,25
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1D5D1M3M6MYTD1Y5YMax
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Mcap
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P/E
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EV / Rev
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Div yield
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Op margin
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ROE
-42,0 %
Net margin
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Debt / equity
18,53
Beta
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52w range
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Volume
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Day range
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Prev close
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Open
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Next earnings
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Ex-dividend
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TR 1Y
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About

2012.HK is an oil and gas exploration and production company operating in the Energy - Fossil Fuels sector.

Business. 2012.HK is an oil and gas exploration and production company operating in the Energy - Fossil Fuels sector.

Classification92 %
SectorEnergy
Business sectorEnergy - Fossil Fuels
IndustryOil & Gas Exploration and Production
ActivityOil & Gas
Generated · model-assisted
Sell-side consensus
—consensus pending
— buy— hold— sell
Avg 12m price target—
Upcoming events
— missing data
See all catalysts →

At a glance

Score
—
not yet scored
Valuation
—
valuation pending
Analysts
—
not yet wired
Ownership
—
not yet wired
Profitability→
-42,0 %
return on equity
Quality
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not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 2012.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy · THIS SECTOR+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to 2012.HK. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    2012.HK is an oil and gas exploration and production company operating in the Energy - Fossil Fuels sector.

    Classification92 %
    SectorEnergy
    Business sectorEnergy - Fossil Fuels
    IndustryOil & Gas Exploration and Production
    ActivityOil & Gas
    AI synthesis
    GENERATED

    The company's capital structure is highly leveraged, with a debt-to-equity ratio of 18.53, indicating a significant reliance on debt financing. Total liabilities of CAD 705.17 million far exceed total equity of CAD 30 million, and long-term debt alone accounts for CAD 555.90 million. Liquidity is constrained, as evidenced by a current ratio of 0.04 and negative free cash flow of CAD -12.31 million. The company's cash and equivalents of CAD 1.06 million are insufficient to cover immediate obligations, and operating cash flow is negative at CAD -4.20 million.

    Profitability is severely underperforming, with a return on equity of -42.03% and a return on assets of -1.72%. These metrics are well below the typical thresholds for a healthy E&P company and suggest operational inefficiencies or declining commodity prices. The company reported a net loss of CAD 12.61 million and an operating loss of CAD 22.94 million in the latest period.

    Geographic and segment exposure is not disclosed in the available data, but the company's revenue is reported as CAD 0.00, indicating either a reporting anomaly or a complete absence of revenue-generating operations. This lack of revenue, combined with negative operating and net income, suggests a potential operational or strategic issue.

    Growth trajectory is negative, with no revenue reported and a net loss in the latest period. The company's capital expenditure of CAD -121,000 is minimal and does not suggest active investment in exploration or production. The outlook for the next fiscal year is not provided, but the current financial performance indicates a high risk of continued losses or operational challenges.

    Risk factors include medium liquidity risk due to negative free cash flow and a current ratio below 0.1, as well as a high debt-to-equity ratio. The company has a low dilution risk, but the negative net cash position after subtracting total debt is a red flag for solvency. No dilution sources are disclosed in the available data.

    Recent events or filings are not disclosed in the available data, but the financial snapshot indicates a company in distress, with no revenue and significant losses. The absence of revenue and the negative operating cash flow suggest a need for urgent operational or strategic intervention.

    Key takeaways
    • The company is highly leveraged, with a debt-to-equity ratio of 18.53, indicating a significant reliance on debt financing.
    • Profitability is severely underperforming, with a return on equity of -42.03% and a return on assets of -1.72%.
    • The company reported no revenue and a net loss of CAD 12.61 million in the latest period.
    • Liquidity is constrained, with a current ratio of 0.04 and negative free cash flow of CAD -12.31 million.
    • The company's capital expenditure is minimal at CAD -121,000, suggesting a lack of investment in growth or exploration.

    Bull / Bear case

    analysis pipeline
    — missing data

    In focus — financials by report

    Valuation

    Market price
    HK$0,25
    Market cap
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    Enterprise valueⓘ
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    P/Eⓘ
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    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
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    EV / Op incomeⓘ
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    EV / OCFⓘ
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    P / Bⓘ
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    P / Tangible bookⓘ
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    Tangible book
    HK$30.0M
    Net cashⓘ
    -HK$554.8M
    Current ratioⓘ
    0.0
    Debt / equityⓘ
    18.5
    ROAⓘ
    -1.7%
    ROEⓘ
    -42.0%
    Cash conversionⓘ
    33.0%
    CapEx / revenueⓘ
    —
    SBC / revenueⓘ
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    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    ROE-42,0 %Bottom quartile
    D/E18,53Bottom quartile
    Cash Conv0,33Below median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    • Return On Assets
      net_income / total_assets
    Source documents
    • 2012.HK Market data — financials · 2026-05-26

    Ownership & reference

    Leadership

    • Kwok Ping SunExecutive Chairman of the Board

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    2012.HKCanonical
    HKEX · HKD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    — missing data
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage