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Asia Cassava Resources Holdings Limited
(0841)
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Rating:48Neutral
Price Target:
HK$0.15
▼(-38.80% Downside)
Action:Reiterated
Date:10/23/26
The score is primarily held back by weak technicals (price below key moving averages) and limited valuation support due to negative earnings. Financial performance is improving—especially the sharp rebound in operating and free cash flow and better leverage—but ongoing revenue decline, thin margins, and an inconsistent multi-year profit/cash-flow profile keep the overall outlook modest.
Positive Factors
Cash Flow Recovery
The sharp return to positive operating and free cash flow improves near-term liquidity and provides internal funding capacity. If sustained, stronger cash conversion can support working capital, reduce reliance on external financing, and give management more flexibility despite weak reported earnings.
Negative Factors
Revenue Contraction
Ongoing revenue contraction signals pressure on product demand, sales volume, or realized trading spreads. For a cassava products business whose revenue depends on volumes and commodity pricing, continued top-line weakness could limit operating leverage and make the recent earnings recovery difficult to sustain.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Flow Recovery
The sharp return to positive operating and free cash flow improves near-term liquidity and provides internal funding capacity. If sustained, stronger cash conversion can support working capital, reduce reliance on external financing, and give management more flexibility despite weak reported earnings.
Read all positive factors
Asia Cassava Resources Holdings Limited (0841) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$88.88M
Dividend Yield5.24%
Average Volume (3M)83.20K
Price to Earnings (P/E)―
Beta (1Y)0.57
Revenue Growth30.41%
EPS Growth98.08%
CountryHK
Employees200
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding584,726,750
10 Day Avg. Volume94,400
30 Day Avg. Volume83,200
Financial Highlights & Ratios
PEG Ratio0.41
Price to Book (P/B)0.19
Price to Sales (P/S)0.08
P/FCF Ratio0.44
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
Asia Cassava Resources Holdings Limited Business Overview & Revenue Model
Company Description
Asia Cassava Resources Holdings Limited operates as an investment holding company with a primary focus on the acquisition, processing, storage, and distribution of dried cassava chips. These core activities serve markets in Mainland China, Hong Ko...
How the Company Makes Money
Asia Cassava Resources Holdings Limited primarily makes money through the sale and trading of cassava-related products. Its revenue model is typically driven by (1) product sales volume (i.e., the quantity of cassava products sold to customers) an...
Asia Cassava Resources Holdings Limited Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
55
Neutral
Cash Flow
66
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.28B | 977.90M | 1.19B | 3.97B | 3.59B |
| Gross Profit | 97.87M | 81.15M | 152.04M | 450.69M | 437.90M |
| EBITDA | 16.88M | -97.21M | -83.33M | -61.22M | 90.39M |
| Net Income | -2.53M | -130.72M | -111.36M | -94.71M | 44.97M |
Balance Sheet | |||||
| Total Assets | 1.43B | 1.70B | 1.47B | 2.04B | 2.92B |
| Cash, Cash Equivalents and Short-Term Investments | 39.99M | 63.65M | 59.56M | 271.52M | 109.50M |
| Total Debt | 524.39M | 879.44M | 571.90M | 961.29M | 1.69B |
| Total Liabilities | 1.03B | 1.35B | 983.59M | 1.38B | 2.09B |
| Stockholders Equity | 528.65M | 504.57M | 610.74M | 751.68M | 872.16M |
Cash Flow | |||||
| Free Cash Flow | 230.69M | -240.09M | 248.94M | 669.97M | -157.45M |
| Operating Cash Flow | 267.89M | -204.29M | 251.04M | 675.55M | -153.37M |
| Investing Cash Flow | 62.77M | -79.31M | -55.52M | -4.32M | -2.90M |
| Financing Cash Flow | -356.63M | 289.85M | -408.22M | -506.49M | 191.36M |
Asia Cassava Resources Holdings Limited Technical Analysis
Negative
0.25
Price Trends
0.17
Negative
0.16
Negative
0.18
Negative
Market Momentum
>-0.01
Positive
33.53
Neutral
30.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0841, the sentiment is Negative. The current price of 0.25 is above the 20-day moving average (MA) of 0.16, above the 50-day MA of 0.17, and above the 200-day MA of 0.18, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 33.53 is Neutral, neither overbought nor oversold. The STOCH value of 30.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0841.
Asia Cassava Resources Holdings Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$1.01B | 7.06 | 6.00% | 15.80% | 4.72% | 20.03% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
58 Neutral | HK$563.98M | 14.36 | 1.54% | 6.67% | 4.12% | ― | |
51 Neutral | HK$96.57M | -0.64 | 38.51% | 0.84% | -7.04% | 8.69% | |
48 Neutral | HK$88.88M | -34.55 | -0.49% | 5.24% | 30.41% | 98.08% | |
47 Neutral | HK$1.03B | 48.72 | 0.45% | 5.51% | -5.24% | -95.65% | |
43 Neutral | HK$565.36M | 1.73 | -15.63% | 2.57% | -8.40% | -77.49% |
* Consumer Defensive Sector Average
HK:0841
Asia Cassava Resources Holdings Limited
0.15
0.02
16.92%
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0.05
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HK:3999
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0.56
-0.06
-10.48%
HK:2317
Vedan International (Holdings) Ltd.
0.67
0.10
17.49%
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China Starch Holdings Limited
0.18
0.00
0.00%
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Global Bio-chem Technology Group Co. Ltd.
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-56.33%
Asia Cassava Resources Holdings Limited Corporate Events
Asia Cassava Wins Unanimous Shareholder Backing at 2026 AGM
Sep 30, 2026
Asia Cassava Resources Holdings Limited announced that shareholders at its 30 September 2026 annual general meeting unanimously approved all ordinary resolutions, including the receipt of audited financial statements for the year ended 31 March 20...
Asia Cassava Resources Sets 2026 AGM to Approve Results and Share Issue Mandate
Sep 4, 2026
Asia Cassava Resources Holdings Limited has called its annual general meeting for 30 September 2026 in Hong Kong, where shareholders will be asked to receive and approve the audited consolidated financial statements and directors’ and audito...
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.