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Asia Cassava Resources Holdings Limited
(0841)
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Rating:54Neutral
Price Target:
HK$0.16
▼(-34.40% Downside)
Action:Reiterated
Date:08/05/26
The score is driven primarily by improving financial performance—especially the sharp rebound in operating/free cash flow and better leverage—tempered by ongoing revenue decline and thin/unstable profitability. Technicals are supportive with the stock above major moving averages, while valuation remains a concern due to negative earnings and no dividend yield data.
Positive Factors
Operating and free cash flow recovery
The sharp return to positive operating and free cash flow improves internal funding capacity and supports liquidity without relying entirely on external financing. If sustained, stronger cash generation can help fund operations, absorb volatility, and provide greater flexibility for capital allocation.
Negative Factors
Ongoing revenue contraction
Falling revenue indicates continued pressure on the company’s sales base and limits operating leverage in its cassava trading model. Persistent contraction could make it harder to spread fixed costs, maintain scale, and convert the recent profitability and cash-flow improvements into durable growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating and free cash flow recovery
The sharp return to positive operating and free cash flow improves internal funding capacity and supports liquidity without relying entirely on external financing. If sustained, stronger cash generation can help fund operations, absorb volatility, and provide greater flexibility for capital allocation.
Read all positive factors
Asia Cassava Resources Holdings Limited (0841) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$94.14M
Dividend Yield5.24%
Average Volume (3M)101.13K
Price to Earnings (P/E)―
Beta (1Y)1.60
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. Volume131,200
30 Day Avg. Volume101,133
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
Neutral
0.25
Price Trends
0.17
Positive
0.17
Positive
0.19
Negative
Market Momentum
<0.01
Negative
51.94
Neutral
46.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0841, the sentiment is Neutral. The current price of 0.25 is above the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.17, and above the 200-day MA of 0.19, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.94 is Neutral, neither overbought nor oversold. The STOCH value of 46.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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$1.11B | 7.65 | 6.00% | 14.59% | 4.72% | 20.03% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
58 Neutral | HK$589.39M | 15.10 | 1.54% | 6.67% | 4.12% | ― | |
54 Neutral | HK$94.14M | -38.64 | -0.49% | 5.24% | 30.41% | 98.08% | |
51 Neutral | HK$112.02M | -0.93 | 38.51% | 0.84% | -7.04% | 8.69% | |
47 Neutral | HK$993.59M | 46.83 | 0.45% | 5.76% | -5.24% | -95.65% | |
43 Neutral | HK$622.71M | 1.83 | -15.63% | 2.57% | -8.40% | -77.49% |
* Consumer Defensive Sector Average
HK:0841
Asia Cassava Resources Holdings Limited
0.17
0.04
31.78%
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0.07
-0.03
-26.53%
HK:3999
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0.58
-0.07
-10.77%
HK:2317
Vedan International (Holdings) Ltd.
0.72
0.12
20.00%
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China Starch Holdings Limited
0.17
-0.01
-8.11%
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Global Bio-chem Technology Group Co. Ltd.
0.37
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-61.13%
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...
Asia Cassava Narrows Shareholder Loss as Revenue Climbs, Skips Final Dividend
Jul 13, 2026
Asia Cassava Resources reported revenue of HK$1.28 billion for the year ended 31 March 2026, up from HK$977.9 million a year earlier, driven by stronger trading performance and improved gross profit. The group sharply narrowed its loss attributabl...
Asia Cassava Resources Delays Annual Results, Trading Suspended in Hong Kong
Jul 12, 2026
Asia Cassava Resources Holdings Limited announced it failed to publish its annual results for the year ended 31 March 2026 by the 30 June deadline because its auditors have not yet received required third-party confirmations and valuation reports ...
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.