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High-Trend International Group

Company price
1.75 USD 0.41 ( 30.60%)
Last update at 2026-11-06T21:23:00Z
VOLUME
664070
Market Cap
18.58M

Momentum Score

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High-Trend International Group provides ocean transportation services in Singapore, Dubai, South Korea, Japan, India, and rest of Asia. The company offers shipping and logistics support services. It also provides seaborne transportation services under voyage contracts; vessel services on behalf of ship owners; and heating services. The company was formerly known as Caravelle International Group and changed its name to High-Trend International Group in January 2025. High-Trend International Group was founded in 2021 and is headquartered in Singapore.

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Day Price Range
1.45
Low
1.87
High
52 Week Price Range
1.83
Low
56.59
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Caravelle International Group (NASDAQ: HTCO) is a publicly listed company for which readily available operational and business disclosures are limited, so a definitive description of current activities is not apparent from public sources. Because public detail is sparse, long-term growth drivers are unclear and would depend on the company’s disclosed strategy and execution; investors may find potential if credible filings and a demonstrable revenue model are provided but should verify those details.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
1.34
Dividend Yield
-
Revenue TTM
252.45M
Revenue Per Share
39.58
Gross Profit TTM
6.60M
Debt / Equity
0.02
ROE
-60.42%
Net Debt
-10.01M
ROCE
-158.82%
Diluted EPS TTM
-1.51

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-10-31 2024-10-31 2023-10-31 2022-10-31 2021-10-31
Type yearly yearly yearly yearly yearly
Date 2025-10-31 2024-10-31 2023-10-31 2022-10-31 2021-10-31
Income before tax -20.10M -21.21M -15.78M 23.61M 10.26M
Minority interest -1.35M -2.38M 6.45M -11.36M -4.95M
Net income -21.46M -23.60M -9.33M 12.23M 5.31M
Selling general administrative 26.72M 5.80M 3.74M 3.25M 2.44M
Selling and marketing expenses - - - 0.02M 0.03M
Gross profit 6.73M 8.10M -11.89M 26.85M 12.95M
Reconciled depreciation 0.07M 0.11M 0.09M 0.04M 0.04M
Ebit -20.06M -21.12M -15.66M 23.71M 10.38M
Ebitda -19.98M -21.01M -15.58M 23.75M 10.42M
Depreciation and amortization 0.07M 0.11M 0.09M 0.04M 0.04M
Operating income -19.91M 2.31M -15.63M 23.58M 10.48M
Other operating expenses 234.33M 105.87M 110.89M 161.77M 111.48M
Interest expense 0.05M 0.09M 0.11M 0.10M 0.12M
Tax provision 0.01M 0.00M 0.00M 0.01M 0.00M
Interest income 0.06M 0.00M 0.01M 0.00M 0.00M
Net interest income 0.01M -0.09M -0.10M -0.10M -0.12M
Income tax expense 0.01M 0.00M 0.00M 0.01M 0.00M
Total revenue 214.42M 108.18M 95.26M 185.35M 121.96M
Total operating expenses 26.64M 5.80M 3.74M 3.27M 2.47M
Cost of revenue 207.69M 100.08M 107.14M 158.50M 109.01M
Total other income expense net -0.19M -23.52M -0.15M 0.03M -0.22M
Net income from continuing ops -20.11M -21.21M -15.78M 23.60M 10.26M
Breakdown 2025-10-31 2024-10-31 2023-10-31 2022-10-31 2021-10-31
Type yearly yearly yearly yearly yearly
Date 2025-10-31 2024-10-31 2023-10-31 2022-10-31 2021-10-31
Total assets 32.36M 29.21M 8.43M 35.57M 27.19M
Other current assets 10.07M 11.42M 3.56M 6.95M 7.92M
Total liab 19.76M 20.47M 15.70M 25.55M 23.81M
Total stockholder equity 7.88M 5.36M -5.41M 4.53M 0.58M
Other current liab 1.87M 7.10M 6.09M 9.10M 6.33M
Common stock 0.02M 0.01M 0.01M 0.01M 0.05M
Capital stock 0.02M 0.01M 0.01M 0.01M 0.05M
Retained earnings -51.42M -28.55M -4.96M 4.38M 0.43M
Cash 10.14M 6.86M 2.22M 21.57M 10.35M
Total current liabilities 19.73M 19.55M 14.11M 23.18M 20.44M
Current deferred revenue 16.67M 5.78M 3.46M 10.07M 6.18M
Net debt -10.01M 0.15M 3.61M -15.95M 0.45M
Short term debt 0.08M 6.10M 4.24M 3.25M 7.44M
Short long term debt - 6.07M 4.15M 3.25M 7.44M
Short long term debt total 0.13M 7.01M 5.83M 5.62M 10.81M
Other stockholder equity 59.28M 33.91M -0.46M 0.15M 0.10M
Total current assets 30.29M 25.87M 6.77M 33.43M 26.12M
Short term investments - - - 58.95M 58.08M
Net receivables 10.08M 7.59M 0.99M 4.91M 7.84M
Long term debt - 0.92M 1.48M 2.37M 3.37M
Accounts payable 1.11M 0.57M 0.26M 0.75M 0.49M
Non currrent assets other 1.96M 3.32M 0.89M 1.54M 0.95M
Non current assets total 2.07M 3.34M 1.66M 2.14M 1.07M
Capital lease obligations 0.10M 0.02M 0.20M 0.00M -
Breakdown 2025-10-31 2024-10-31 2023-10-31 2022-10-31 2021-10-31
Type yearly yearly yearly yearly yearly
Date 2025-10-31 2024-10-31 2023-10-31 2022-10-31 2021-10-31
Investments - - 0.00M 0.00M 0.30M
Total cashflows from investing activities -0.01M - - 0.01M 0.30M
Net borrowings -1.73M 13.63M 12.55M 1.50M 1.26M
Total cash from financing activities -1.35M 7.97M -1.58M -21.91M 1.31M
Net income -21.46M -21.21M -15.78M 23.60M 10.26M
Change in cash 3.28M 4.64M -19.35M 11.22M 2.24M
Begin period cash flow 6.86M 2.22M 21.57M 10.35M 8.12M
End period cash flow 10.14M 6.86M 2.22M 21.57M 10.35M
Total cash from operating activities 4.63M -3.33M -17.77M 33.13M 0.63M
Depreciation 0.07M 0.11M 0.09M 0.04M 0.04M
Other cashflows from investing activities - - - - 58.38M
Dividends paid 0.00M 0.00M 0.90M 16.95M 0.00M
Change to account receivables -1.07M -6.59M 4.11M 2.94M -5.31M
Other cashflows from financing activities - -8.51M -13.22M -6.46M -60.02M
Capital expenditures 0.01M 0.00M 0.00M 0.00M 0.00M
Change in working capital 2.75M -6.90M -2.08M 9.49M -9.66M
Stock based compensation 21.92M 1.20M 0.00M 0.00M -
Other non cash items 23.27M 23.48M -6.45M 11.36M -0.00M
Free cash flow 4.63M -3.33M -17.77M 33.13M 0.63M

Peer Comparison*

Sector: Industrials Industry: Marine Shipping

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
HTCO
High-Trend International Group
0.41
30.60%
1.75 - - 0.07 3.23 0.01 4.63
AMKAF
AP Moeller - Maersk A/S A
-
-%
3012.51 13.59 2500.00 0.66 0.63 0.79 3.81
AMKBY
AP Moeller-Maersk AS
-0.44
2.84%
15.06 13.25 2500.00 0.65 0.63 0.80 3.88
AMKBF
A.P. Møller - Mærsk A/S
-
-%
3086.00 12.94 2500.00 0.63 0.60 0.79 3.81
ICTEF
International Container Terminal Services Inc
-
-%
12.96 28.04 22.42 8.70 17.16 9.66 15.21

Profile*

High-Trend International Group

High-Trend International Group provides ocean transportation services in Singapore, Dubai, South Korea, Japan, India, and rest of Asia. The company offers shipping and logistics support services. It also provides seaborne transportation services under voyage contracts; vessel services on behalf of ship owners; and heating services. The company was formerly known as Caravelle International Group and changed its name to High-Trend International Group in January 2025. High-Trend International Group was founded in 2021 and is headquartered in Singapore.

60 Paya Lebar Road, Singapore, Singapore, 409051

65 8304 8372

18

Name Title Year Born
Mr. Shixuan He CEO & Director 1976
Mr. Dong Zhang co-founder 1982
Ms. Zi Xia CFO & Director 1979
Mr. Bo Cui Chief Legal Officer NA
Mr. Shahryar Oveissi Chief Capital Markets Officer 1979

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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