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2728.HK — HKEX Oil & Gas Refining and Marketing

2728.Hk

HK$0,03
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Mcap
120,3M HKD
P/E
—
EV / Rev
—
Div yield
—
Op margin
-0,8 %
ROE
-37,8 %
Net margin
-1,8 %
Debt / equity
2,72
Beta
—
52w range
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Volume
—
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

The company operates in the oil and gas refining and marketing industry, generating revenue primarily through the processing and distribution of fossil fuels.

Business. The company operates in the oil and gas refining and marketing industry, generating revenue primarily through the processing and distribution of fossil fuels.

Classification92 %
SectorEnergy
Business sectorEnergy - Fossil Fuels
IndustryOil & Gas Refining and Marketing
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→
-37,8 %
return on equity
Quality
—
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 2728.

    • 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 2728.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

    The company operates in the oil and gas refining and marketing industry, generating revenue primarily through the processing and distribution of fossil fuels.

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

    The company's capital structure is characterized by a high debt-to-equity ratio of 2.72, indicating a significant reliance on debt financing. Its liquidity position is assessed as medium, with a current ratio of 1.26, suggesting limited short-term liquidity cushion. The company's market capitalization is 106.92 million HKD, and its price-to-book ratio is 1.79, implying that the market values the company at a premium to its book value.

    Profitability metrics show a challenging performance, with a negative return on equity of -37.75% and a negative return on assets of -6.97%. These figures indicate that the company is not generating returns for its shareholders or effectively utilizing its assets. The operating income is negative at -9.68 million HKD, and the net income is also negative at -22.60 million HKD, reflecting a loss-making position.

    The company's revenue is concentrated in the oil and gas refining and marketing segment, with no disclosed geographic diversification. This concentration increases exposure to sector-specific risks and potential volatility in fossil fuel markets. The company's operating cash flow is positive at 8.03 million HKD, but its free cash flow is negative at -19.91 million HKD, indicating that the company is not generating sufficient cash to fund operations and capital expenditures.

    The company's growth trajectory is uncertain, with no disclosed revenue growth or expansion plans. The capital expenditure is minimal at -72,000 HKD, suggesting limited investment in future growth. The company's risk assessment highlights a key flag of negative net cash after subtracting total debt, indicating a liquidity risk. The dilution risk is assessed as low, with no significant dilution potential in the near term.

    Recent events include a reported revenue of 1.28 billion HKD and a net income of -22.60 million HKD. The company's last actual EPS was 0.01 HKD, and its last actual revenue was 1.36 billion HKD. These figures suggest a challenging financial performance and potential operational inefficiencies.

    Key takeaways
    • The company is operating at a loss, with negative operating and net income.
    • The company's capital structure is heavily leveraged, with a high debt-to-equity ratio.
    • The company's profitability metrics are negative, indicating poor returns for shareholders.
    • The company's liquidity position is medium, with limited short-term liquidity cushion.
    • The company's revenue is concentrated in a single segment, increasing exposure to sector-specific risks.

    Bull / Bear case

    analysis pipeline
    — missing data

    In focus — financials by report

    Valuation

    Market price
    HK$0,03
    Market cap
    HK$106.9M
    Enterprise valueⓘ
    HK$270.1M
    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    —
    EV / Op incomeⓘ
    —
    EV / OCFⓘ
    33.6x
    P / Bⓘ
    1.8x
    P / Tangible bookⓘ
    1.8x
    Tangible book
    HK$59.9M
    Net cashⓘ
    -HK$163.1M
    Current ratioⓘ
    1.3
    Debt / equityⓘ
    2.7
    ROAⓘ
    -7.0%
    ROEⓘ
    -37.8%
    Cash conversionⓘ
    -36.0%
    CapEx / revenueⓘ
    -0.0%
    SBC / revenueⓘ
    —
    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

    Op Margin-0,8 %Bottom quartile
    Net Margin-1,8 %Bottom quartile
    ROE-37,8 %Bottom quartile
    Capex / Rev-0,0 %Above P75
    D/E2,72Bottom quartile
    Cash Conv-0,36Bottom quartile

    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
    • Ev To Operating Cash Flow
      enterprise_value / operating_cash_flow
    • Return On Equity
      net_income / total_equity
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    • Market Cap
      market_price * shares_outstanding_diluted
    Source documents
    • 2728.HK Market data — financials · 2026-05-26
    • Jintai Energy Holdings Ltd Market data — analyst estimates · 2026-05-26

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    2728.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