Phoenix Asia Holdings was incorporated in 2024 and is based in Kowloon Bay, Hong Kong. The company operates as a specialized substructure contractor serving the Hong Kong construction market. As of June 19, 2026, the company had a market capitalization of $345.60 million USD, though recent financial performance shows contraction with revenue and gross profit declining in the first half of 2025.
Cyborg Score Rationale
Total revenue decreased by 7.3% to US$3.51 million and gross profit fell by 31.4% in H1 2025. The company announced in July 2025 that it would be unable to file its next 20-F by the SEC deadline. The company also exhibits extreme volatility with a 52-week stock range from $5.85 to $133.12, signaling instability and execution risk.
Top Insights
Revenue declined 7.3% and gross profit fell 31.4% in the first half of 2025 compared to the prior period
The company operates with only 21 employees, suggesting very limited operational scale
Weekly stock volatility decreased from 153% to 55% over the past year but remains higher than 75% of US stocks
SEC filing delay announced in July 2025 indicates potential financial reporting or operational challenges
Named Competitors
Geotechnical and Foundation Services — Large regional construction and foundation contractor
Substructure Works — Regional engineering and construction services
Recent Developments
(May 2026) Company announced financial results and operational updates
(March 2026) Unaudited financial results released for the six months ended September 30, 2025
(April 2025) IPO closed with 1.6 million ordinary shares at $4.00 per share, raising $6.4 million gross proceeds
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