---
title: "Pinestone Narrows Loss as Fee Income Rises but Lending Pressures Persist"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280841953.md"
description: "Pinestone Capital Ltd, a Hong Kong-listed financial services provider, reported an 11% revenue increase to HK$28.4 million for 2025, driven by higher fee income from placing, underwriting, and brokerage. However, the company faced pressures in securities-backed lending, resulting in a net loss of HK$17.3 million, despite a 45% reduction in losses due to lower impairment charges. The board decided to withhold the final dividend. The latest analyst rating for the stock (HK:0804) is a Sell with a price target of HK$3.00."
datetime: "2026-03-27T17:51:46.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280841953.md)
  - [en](https://longbridge.com/en/news/280841953.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280841953.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/280841953.md) | [繁體中文](https://longbridge.com/zh-HK/news/280841953.md)


# Pinestone Narrows Loss as Fee Income Rises but Lending Pressures Persist

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Pinestone Capital Ltd ( (HK:0804) ) has issued an update.

Pinestone Capital Limited, a Hong Kong-listed financial services provider, operates across securities brokerage, placing and underwriting, margin financing, and securities-backed lending, targeting clients seeking capital markets access and credit solutions.

The company reported a roughly 11% rise in revenue to HK$28.4 million for 2025, driven by stronger placing, underwriting and brokerage fee income despite weaker securities-backed lending revenue. Net loss narrowed by about 45% to HK$17.3 million as impairment and write-off charges related to lending fell sharply, but higher operating expenses and a deferred tax reassessment kept the group in the red, prompting the board to withhold a final dividend.

The most recent analyst rating on (HK:0804) stock is a Sell with a HK$3.00 price target. To see the full list of analyst forecasts on Pinestone Capital Ltd stock, see the HK:0804 Stock Forecast page.

**More about Pinestone Capital Ltd**

Pinestone Capital Limited is a Hong Kong-listed financial services firm that provides securities brokerage, placing and underwriting, margin financing, and securities-backed lending, with a focus on fee-based capital markets activities and lending-related income streams.

**Average Trading Volume:** 23,143

**Technical Sentiment Signal:** Buy

**Current Market Cap:** HK$236.3M

For a thorough assessment of 0804 stock, go to TipRanks’ Stock Analysis page.

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