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Alco Holdings
(0328)
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Rating:47Neutral
Price Target:
HK$0.61
▼(-79.10% Downside)
Action:Reiterated
Date:09/06/26
The score is held down primarily by very weak financial performance—persistent operating losses, negative equity, and deteriorating negative operating/free cash flow. Technicals provide a partial offset with improving near-term momentum, but overbought indicators and a price still below the 200-day average temper that support. Valuation remains challenging because losses (negative P/E) reduce the reliability of earnings-based valuation signals.
Positive Factors
Revenue rebound
The 2026 sales rebound indicates that demand has recovered from the earlier contraction and provides a larger base for future operating improvement. However, durable value will depend on converting this renewed volume into stronger margins and avoiding another sharp revenue decline.
Negative Factors
Persistent operating losses
Recurring operating losses show that the core business is not currently covering its operating costs, while thin gross margins leave little buffer against adverse product mix or cost changes. Without sustained margin improvement, revenue growth may not translate into durable earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
The 2026 sales rebound indicates that demand has recovered from the earlier contraction and provides a larger base for future operating improvement. However, durable value will depend on converting this renewed volume into stronger margins and avoiding another sharp revenue decline.
Read all positive factors
Alco Holdings (0328) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$176.13M
Dividend Yield25.88%
Average Volume (3M)20.74M
Price to Earnings (P/E)―
Beta (1Y)0.41
Revenue Growth23.35%
EPS Growth-4.85%
CountryHK
Employees25
SectorTechnology
Sector Strength88
IndustryConsumer Electronics
Share Statistics
EPS (TTM)-2.19
Shares Outstanding286,392,150
10 Day Avg. Volume4,564,698
30 Day Avg. Volume20,735,263
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-2.80
Price to Sales (P/S)0.40
P/FCF Ratio-0.36
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Alco Holdings Business Overview & Revenue Model
Company Description
Operating as an investment holding company, Alco Holdings Limited specializes in the global design, manufacture, and distribution of consumer electronics. Its market presence spans North America, Asia, Europe, and other international territories. ...
How the Company Makes Money
Alco Holdings makes money mainly by supplying consumer electronics (primarily audio and related electronic products) to customers under OEM/ODM arrangements. Revenue is generated from (1) sales of finished products manufactured to customers’ speci...
Alco Holdings Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
22
Negative
Cash Flow
12
Very Negative
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 122.50M | 99.31M | 148.42M | 89.32M | 542.41M |
| Gross Profit | 5.61M | 5.12M | 8.86M | -10.95M | -111.81M |
| EBITDA | -64.64M | -50.54M | -51.50M | -83.52M | -323.26M |
| Net Income | -86.89M | -64.27M | 4.30M | -502.19M | -594.36M |
Balance Sheet | |||||
| Total Assets | 113.74M | 179.49M | 182.41M | 283.29M | 833.78M |
| Cash, Cash Equivalents and Short-Term Investments | 10.17M | 10.06M | 23.86M | 2.39M | 10.20M |
| Total Debt | 84.28M | 97.58M | 85.58M | 156.31M | 750.98M |
| Total Liabilities | 132.72M | 244.19M | 269.94M | 1.08B | 1.11B |
| Stockholders Equity | -17.34M | -64.04M | -72.58M | -788.65M | -272.27M |
Cash Flow | |||||
| Free Cash Flow | -135.64M | -98.49M | -69.47M | -1.14M | -169.45M |
| Operating Cash Flow | -132.94M | -96.56M | -69.47M | -157.00K | -138.98M |
| Investing Cash Flow | -2.70M | -2.05M | 3.65M | 10.97M | -29.25M |
| Financing Cash Flow | 135.86M | 78.63M | 96.07M | -17.11M | 82.93M |
Alco Holdings Technical Analysis
Neutral
2.90
Price Trends
0.46
Positive
0.53
Positive
1.03
Negative
Market Momentum
0.02
Negative
73.51
Negative
89.51
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0328, the sentiment is Neutral. The current price of 2.9 is above the 20-day moving average (MA) of 0.44, above the 50-day MA of 0.46, and above the 200-day MA of 1.03, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 73.51 is Negative, neither overbought nor oversold. The STOCH value of 89.51 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0328.
Alco Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | HK$1.93B | 58.12 | 9.42% | 1.42% | -15.02% | -7.20% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
51 Neutral | HK$600.50M | 13.06 | 1.26% | 3.80% | -9.35% | ― | |
47 Neutral | HK$176.13M | -0.28 | 172.41% | 25.88% | 23.35% | -4.85% | |
47 Neutral | HK$7.73B | 7.62 | 4.78% | 2.76% | 5.05% | 241.01% | |
45 Neutral | HK$2.50B | -45.67 | -27.65% | ― | ― | ― | |
45 Neutral | HK$219.73M | -7.89 | -5.13% | 4.44% | -14.71% | 37.97% |
* Technology Sector Average
HK:0328
Alco Holdings
0.62
-5.31
-89.63%
HK:0751
Skyworth Digital Holdings
4.12
-0.45
-9.85%
HK:0099
Wong's International Holdings
1.25
-0.10
-7.48%
HK:0167
IDT International Limited
4.81
4.02
508.86%
HK:0927
Fujikon Industrial Holdings Limited
0.45
-0.25
-35.99%
HK:1747
Home Control International Limited
3.65
-0.23
-5.95%
Alco Holdings Corporate Events
Alco Holdings Sets 2026 AGM to Approve Accounts, Board Changes and Share Issue Mandate
Aug 7, 2026
Alco Holdings has convened its next annual general meeting for 30 September 2026 in Hong Kong, where shareholders will review the audited consolidated financial statements and the reports of directors and auditors for the year ended 31 March 2026....
Alco Holdings Completes Fully Subscribed Rights Issue to Shore Up Finances
Jul 10, 2026
Alco Holdings has completed a rights issue of 229,113,720 shares on the basis of four rights shares for every existing share at HK$0.55 each, with all unsubscribed and non-qualifying shareholders’ entitlements successfully placed through a p...
Alco Holdings Loss Widens Despite Revenue Growth in 2026 Results
Jun 30, 2026
Alco Holdings reported audited annual results for the year ended 31 March 2026, showing revenue rising to HK$123 million from HK$99 million a year earlier. Despite the top-line improvement, the company continues to operate at a small gross profit ...
Alco Holdings Sets June Board Meeting to Approve Annual Results and Consider Final Dividend
Jun 17, 2026
Alco Holdings has scheduled a board meeting for 30 June 2026 to approve the audited results of the company and its subsidiaries for the financial year ended 31 March 2026. The board will also consider the declaration of a final dividend, a decisio...
Alco’s Undersubscribed Rights Issue Triggers Best-Effort Placing and Caution to Investors
Jun 15, 2026
Alco Holdings reported that its latest rights issue, structured as four rights shares for every one existing share at HK$0.55, was significantly undersubscribed, with valid acceptances received for about 45% of the 229,113,720 rights shares on off...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.