Alpha Technology Group Limited Class A Ordinary Shares (ATGL)

FairStock Score: 29/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I am looking for durable earning power, honest book value, and a margin of safety. Alpha Technology is a Hong Kong IT services firm selling cloud CRM/ERP, web and mobile apps, and AI-OCR tools with just 28 employees. At the 2026-10-13 close of $4.78, FairStock calculates a $230.6M market cap, a negative P/E of -9.37, and a P/B of 25.16. That means the market is paying a very high multiple of book for a business that is not earning money. FairStock also shows ROE of -184.89% and ROCE of -76.37%, so capital employed is deeply unproductive. Debt is modest with D/E of 0.20, and the Altman Z-Score of 10.86 suggests low bankruptcy risk by that metric, but the Piotroski F-Score is 0/9, a red flag on financial strength. The beta of 3.92 and 52-week range of $3.97-$50.00 tell me the shares are wildly volatile. There is no Lynch category because there are only 0 years of filed results, and no revenue growth, profit growth, or dividend history is provided. A durable competitive moat is hard to identify from the data. The FairStock Score of 29/100 reinforces that this is speculative. I would need a multi-year record of positive earnings and a price closer to book before calling it a value opportunity.

In plain English: Alpha Technology Group is a Hong Kong technology company that builds software systems, apps, and tools that read text from documents. The business is losing money, has very weak returns, and a tiny staff of 28 people. At the 2026-10-13 close, the stock looks expensive compared with the company's book value and has swung wildly between about $4 and $50 over the past year.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer