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Ares Asia Limited (0645) AI Stock Analysis
Ares Asia Limited
(HKEX:0645)
Overall score is constrained primarily by weak financial performance (persistent losses and multi-year negative operating/free cash flow), with a secondary drag from bearish/weak technical momentum (below key moving averages, negative MACD). Valuation provides limited support because the negative P/E reflects ongoing losses and dividend yield is unavailable.
Ares Asia Limited (0645) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 87.24M
- Dividend Yield
- ―
- Average Volume (3M)
- 71.81K
- Price to Earnings (P/E)
- -15.5
- Beta (1Y)
- -0.26
- Revenue Growth
- 110.08%
- EPS Growth
- 68.72%
- Country
- Hong Kong
- Employees
- 5
- Sector
- Energy
- Sector Strength
- 65
- Industry
- Industrial - Distribution
Ares Asia Limited Business Overview & Revenue Model
Company Description
Ares Asia Limited, an investment holding company, engages in the trading of coal and other commodities in Mainland China, Hong Kong, Singapore, and Vietnam. The company was formerly known as KTP Holdings Limited and changed its name to Ares Asia Limi...
Ares Asia Limited Financial Statement Overview
Summary
Financials show material weakness: revenue is highly volatile, margins are razor-thin, and the company reports net losses across all periods. Cash flow reliability is a key risk with negative operating and free cash flow in 2023–2026 (cash burn). The main offset is a de-risked balance sheet in recent years with low leverage and positive equity, but losses and weak cash generation dominate.
Income Statement
18Very NegativeBalance Sheet
63PositiveCash Flow
28Negative| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.98M | 6.95M | 3.32M | 52.59M | 70.38M | 101.56M |
| Gross Profit | 11.00K | 10.95K | 101.00K | 1.06M | 331.00K | 408.00K |
| EBITDA | -738.79K | -633.61K | -2.25M | -753.00K | -1.25M | -1.83M |
| Net Income | -736.89K | -736.89K | -2.36M | -829.00K | -1.26M | -2.13M |
Balance Sheet | ||||||
| Total Assets | 4.37M | 4.37M | 5.13M | 19.17M | 7.82M | 24.62M |
| Cash, Cash Equivalents and Short-Term Investments | 433.18K | 433.18K | 1.90M | 7.70M | 6.26M | 8.78M |
| Total Debt | 128.05K | 128.05K | 221.00K | 341.00K | 139.00K | 533.00K |
| Total Liabilities | 506.21K | 506.21K | 530.00K | 10.95M | 865.00K | 15.57M |
| Stockholders Equity | 3.86M | 3.86M | 4.60M | 8.22M | 6.96M | 9.05M |
Cash Flow | ||||||
| Free Cash Flow | -1.37M | -1.37M | -4.11M | -1.78M | -1.23M | 31.13M |
| Operating Cash Flow | -1.37M | -1.37M | -4.11M | -1.75M | -1.21M | 31.13M |
| Investing Cash Flow | 0 | 0 | 0 | 878.00K | -20.00K | -2,000 |
| Financing Cash Flow | -100.00K | -92.61K | -253.00K | -210.00K | -210.00K | -31.52M |
Ares Asia Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0645, the sentiment is Negative. The current price of 0.17 is below the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.18, and below the 200-day MA of 0.17, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 36.03 is Neutral, neither overbought nor oversold. The STOCH value of 44.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0645.
Ares Asia Limited Peers Comparison
Overall Rating
HK:122965Neutral
HK:027650Neutral
HK:070447Neutral- HK:064544Neutral
HK:173839Underperform
HK:139337Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 65Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
| HK:1229 | 65Neutral | HKD 103.33M | -14.84 | -2.75% | ― | 18.63% | -109.60% |
| HK:0276 | 50Neutral | HKD 95.00M | 0.20 | -11.28% | ― | -29.49% | ― |
| HK:0704 | 47Neutral | HKD 114.98M | -2.00 | -1.46% | ― | ― | ― |
| HK:0645 | 44Neutral | HKD 87.24M | -15.48 | -19.04% | ― | 110.08% | 68.72% |
| HK:1738 | 39Underperform | HKD 78.69M | -0.11 | 27.77% | ― | 16.00% | -16.41% |
| HK:1393 | 37Underperform | HKD 92.11M | -0.14 | -141.19% | ― | -17.39% | -5.91% |
* Energy Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:0645 | Ares Asia Limited | 0.17 | 0.02 | 14.09% | |
| HK:1738 | Feishang Anthracite Resources | 0.06 | -0.12 | -68.51% | |
| HK:0276 | Mongolia Energy Corporation Limited | 0.51 | -0.33 | -39.88% | |
| HK:1393 | Hidili Industry International Development Limited | 0.02 | -0.04 | -69.23% | |
| HK:1229 | Nan Nan Resources Enterprise Limited | 0.14 | -0.13 | -48.08% | |
| HK:0704 | Huscoke Holdings Limited | 0.13 | 0.08 | 166.00% |
Ares Asia Limited Corporate Events
Ares Asia Reshapes Board and Leadership After Executive Retirement
Ares Asia Limited announced significant board and management changes effective after its annual general meeting on 23 September 2026. Long-serving executive director and chairman Robert Lai retired from all his roles, including chief executive office...
Ares Asia Sets Out Board Line-Up and Governance Committee Roles
Ares Asia Limited has disclosed an updated list of its directors and clarified their respective roles, confirming Ms. Ruayrungruang Woraphanit as chairlady and Mr. Yeung Kin Bond, Sydney as chief executive officer, alongside three independent non-exe...
Ares Asia Shareholders Approve AGM Resolutions and Refresh Leadership Structure
Ares Asia Limited reported that shareholders approved all ordinary resolutions put to vote at its annual general meeting held on 23 September 2026, except for two withdrawn items concerning the re-election of specific directors. The audited financial...
Ares Asia Reshapes Governance Team With New Company Secretary Appointment
Ares Asia Limited has announced a leadership change in its corporate governance functions, with long-serving company secretary and authorised representative Ms. Chow Yuk Yin Ivy resigning effective 19 September 2026. The board noted that Ms. Chow lea...
Ares Asia Revamps Board Agenda Ahead of September AGM
Ares Asia Limited has issued a supplemental notice to its previously scheduled annual general meeting in Hong Kong, updating shareholders on changes to the agenda while keeping the meeting time and venue unchanged. The company clarified that certain...
Ares Asia Updates Registered Office Address in Bermuda
Ares Asia Limited has announced that, effective 3 August 2026, its registered office address in Bermuda will be relocated to Richmond House, 12 Par-la-Ville Road, Hamilton HM 08, Bermuda. The change reflects an administrative update to the company...
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.
Date of analysis: Oct 26, 2026