1029 (1029) Fair Value & Analysis

Basic Materials · Market cap HK$796M

1 1029 1029 · HK

PriceHK$0.4150

Fair ValueHK$0.0900

Upside-78.3%

Quality45/100

Evidence: Medium Range HK$0.0700 – HK$0.1100

Fair value as of: Jul 2, 2026

From 8 valuation models · updated today

Share price −16.2% over the past month.

Price vs Fair Value (12 months)

12‑month range HK$0.4150 – HK$0.7900 · fair‑value band HK$0.0700 – HK$0.1100 · the HK$0.4150 price screens above the HK$0.0900 fair value. As of Jul 2, 2026.

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Analysis

1029 (1029) currently trades at HK$0.4150, while our model-based Fair Value estimate is HK$0.0900 — implying the stock looks roughly 78.3% overvalued today. We read business quality at 45/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, 1029 generated revenue of HK$258M at a net margin of -51.0%. Revenue grew 24.3% year over year. It earns a return on equity of -52.6%. Fundamentals as of Jul 2, 2026

Key figures & financial health

Revenue (TTM) HK$258M

Revenue growth (YoY) +24.3%

Net margin -51.0%

Return on equity -52.6%

Free cash flow −HK$3.8M FY2025

Operating margin 2.0%

More key figures

EPS (TTM) HK$-0.0800

EPS growth (YoY) -62.2%

Net debt HK$939K FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 2, 2026. TTM = trailing twelve months.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

1029 reported revenue of HK$258M in FY2025 versus HK$371M in FY2021, a compound −8.7%/yr. Reported net income was −HK$132M in FY2025.

Revenue −8.7%/yr

FY21 HK$371M

FY22 HK$279M

FY23 HK$253M

FY24 HK$221M

FY25 HK$258M

Net income

FY21 HK$134M

FY22 −HK$87.8M

FY23 −HK$157M

FY24 −HK$20.5M

FY25 −HK$132M

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Similar stocks

6 more Steel stocks, each showing price versus our Fair Value estimate (as of Jul 2, 2026).

Stock	Price	Fair Value	vs Fair Value
Tata Steel Limited TTST	$0.2110	$0.0100	-95%
Nucor Corporation NUE	$254.39	$83.10	-67%
ArcelorMittal S.A ARMT34	R$166.77	R$110.23	-34%
JSW Steel Limited JSWSTEEL	₹1,282	₹1,113	-13%
China Steel Corporation 2002A	38.45 TWD	11.94 TWD	-69%
Baoshan Iron & Steel Co 600019	¥5.74	¥7.78	+36%

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Frequently asked questions

Is 1029 (1029) undervalued?

As of Jul 2, 2026, our model estimates a fair value of HK$0.0900 versus a price of HK$0.4150 — about −78% (overvalued). Model-based estimate, not financial advice.

What is the fair value of 1029?

Our model-based fair value for 1029 is HK$0.0900 (as of Jul 2, 2026), built from audited fundamentals. The current price is HK$0.4150.

What is the quality score of 1029?

1029 has a Quality Score of 45/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of 1029 (1029)?

1029 reported trailing-twelve-month revenue of about HK$258M (latest available figure, as of Jul 2, 2026).

What is the net profit margin of 1029?

The net profit margin of 1029 is about -51.0%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.