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