Brainhole Technology (HKSE:02203) Construction In Progress: HK$4.90 Mil (As of Dec. 2025)

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HKSE:02203 Brainhole Technology Ltd HKSE:02203
37 GF Score
Price HK$0.15
GF Value HK$0.04
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Brainhole Technology Construction In Progress?

Brainhole Technology HKSE:02203 37 Construction In Progress is HK$4.90 Mil as of Dec. 2025. GuruFocus rates HKSE:02203 with a GF Score™ of 37/100 and a GF Value™ of HK$0.04 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Brainhole Technology's quarterly construction in progress declined from Dec. 2024 (HK$4.77 Mil) to Jun. 2025 (HK$0.00 Mil) but then increased from Jun. 2025 (HK$0.00 Mil) to Dec. 2025 (HK$4.90 Mil).

Brainhole Technology's annual construction in progress declined from Dec. 2023 (HK$4.99 Mil) to Dec. 2024 (HK$4.77 Mil) but then increased from Dec. 2024 (HK$4.77 Mil) to Dec. 2025 (HK$4.90 Mil).

Brainhole Technology Construction In Progress Historical Data

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The historical data trend for Brainhole Technology's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Brainhole Technology Construction In Progress Chart

Brainhole Technology Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.39 6.50 4.99 4.77 4.90

Brainhole Technology Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.99 0.00 4.77 0.00 4.90
HKSE:02203
37GF Score
Brainhole Technology Ltd HKSE:02203
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Brainhole Technology Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of HK$4.90 Mil mean?
Brainhole Technology (HKSE:02203) has a Construction In Progress of HK$4.90 Mil as of Dec. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on Brainhole Technology and its competitors.
Is Brainhole Technology's Construction In Progress too high?
Brainhole Technology's current Construction In Progress is HK$4.90 Mil. Overall, Brainhole Technology has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Brainhole Technology's Construction In Progress compare to NVDA and AVGO?
Brainhole Technology's Construction In Progress of HK$4.90 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Semiconductors company?
A good Construction In Progress depends on the Semiconductors industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Brainhole Technology and its competitors. Brainhole Technology's current Construction In Progress is HK$4.90 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brainhole Technology stock overvalued right now?
Based on GuruFocus' analysis, Brainhole Technology (HKSE:02203) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.04, compared to a current price of HK$0.15 — trading 270% above its estimated fair value. The current Construction In Progress is HK$4.90 Mil. Brainhole Technology's overall GF Score™ is 37/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Brainhole Technology (HKSE:02203), the current Construction In Progress is HK$4.90 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Brainhole Technology (HKSE:02203) Overvalued in 2026?

Based on GuruFocus' analysis, Brainhole Technology stock appears to be overvalued. The current stock price of HK$0.15 is trading 270% above its estimated GF Value™ of HK$0.04. GuruFocus considers Brainhole Technology to be Significantly Overvalued.

Key valuation signals for HKSE:02203:

  • Construction In Progress: HK$4.90 Mil
  • GF Value™: HK$0.04 vs. price of HK$0.15 (270% above fair value)
  • GF Score™: 37/100 with 6 warning signs

No single metric tells the full story. See the HKSE:02203 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Brainhole Technology Business Description

Address 979 King’s Road, One Taikoo Place, Suites 1801-03, 18th Floor, Quarry Bay, Hong Kong, HKG
Brainhole Technology Ltd is a provider of smart communication infrastructure services in mainland China, focusing on offering products and solutions in the fields of smart homes, smart communities, and smart cities, addressing users software and hardware needs for smart products. The company is also engaged in broadband infrastructure construction and the provision of integrated solutions for smart domain applications (including smart home, smart campus and smart communities) in PRC. Its smart domain solution includes hardware for security and identification purposes, software for residence management, energy saving and community services. Its segments include the Semiconductor business, Broadband infrastructure and smart domain, and the Strategic investments segment.
37GF Score

Get the complete analysis for HKSE:02203

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.15
Price
HK$0.04
GF Value