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Asia Resources Holdings Limited
(0899)
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Rating:47Neutral
Price Target:
HK$0.31
â–²(69.44% Upside)
Action:Reiterated
Date:09/25/26
The score is held back primarily by weak financial performance—recurring losses and consistently negative operating/free cash flow—despite low leverage. Technicals provide some support due to strong momentum and price above major moving averages, but overbought signals increase near-term risk. Valuation is constrained by the negative P/E tied to loss-making results.
Positive Factors
Very Low Leverage
Minimal leverage reduces refinancing and solvency risk, preserving financial flexibility while the company addresses operating weaknesses. A lightly indebted balance sheet can support continued operations and strategic investment without the added pressure of substantial interest obligations or debt maturities.
Negative Factors
Persistent Net Losses
Recurring large net losses indicate that the business has not yet established durable profitability. Continued losses can erode equity, limit internally funded investment, and make future performance dependent on operational improvement or other sources of funding rather than a self-sustaining earnings base.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
Minimal leverage reduces refinancing and solvency risk, preserving financial flexibility while the company addresses operating weaknesses. A lightly indebted balance sheet can support continued operations and strategic investment without the added pressure of substantial interest obligations or debt maturities.
Read all positive factors
Asia Resources Holdings Limited (0899) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$151.95M
Dividend YieldN/A
Average Volume (3M)397.58K
Price to Earnings (P/E)―
Beta (1Y)0.62
Revenue Growth12.93%
EPS Growth67.33%
CountryHK
Employees75
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)-0.44
Shares Outstanding474,836,270
10 Day Avg. Volume1,000,400
30 Day Avg. Volume397,576
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.04
Price to Sales (P/S)1.70
P/FCF Ratio-0.50
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 Resources Holdings Limited Business Overview & Revenue Model
Company Description
Asia Resources Holdings Limited functions as an investment holding enterprise, with its principal operations centered on real estate development and property investments throughout mainland China and Hong Kong. Additionally, the company participat...
Asia Resources Holdings Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | Mar 2025 | Mar 2025 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 22.64M | 20.04M | 14.16M | 22.22M | 21.20M |
| Gross Profit | -6.19M | 778.00K | 10.94M | 18.72M | 17.06M |
| EBITDA | -15.32M | -542.61M | -28.71M | -201.53M | -285.75M |
| Net Income | -182.36M | -451.55M | -8.35M | -246.17M | -361.64M |
Balance Sheet | |||||
| Total Assets | 1.17B | 1.39B | 1.95B | 1.74B | 1.91B |
| Cash, Cash Equivalents and Short-Term Investments | 32.32M | 9.59M | 13.17M | 33.40M | 20.27M |
| Total Debt | 9.06M | 8.80M | 11.40M | 3.44M | 1.90M |
| Total Liabilities | 220.59M | 369.20M | 493.43M | 290.19M | 178.50M |
| Stockholders Equity | 887.13M | 935.87M | 1.34B | 1.39B | 1.65B |
Cash Flow | |||||
| Free Cash Flow | -76.58M | -2.01M | -33.17M | -12.48M | -2.78M |
| Operating Cash Flow | -74.07M | -232.00K | -18.34M | 1.88M | 7.90M |
| Investing Cash Flow | 37.79M | -1.66M | -6.51M | -19.89M | -7.65M |
| Financing Cash Flow | 57.00M | -1.75M | 5.38M | 37.98M | -1.78M |
Asia Resources Holdings Limited Technical Analysis
Positive
0.18
Price Trends
0.21
Positive
0.22
Positive
0.20
Positive
Market Momentum
0.03
Negative
81.56
Negative
94.76
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0899, the sentiment is Positive. The current price of 0.18 is below the 20-day moving average (MA) of 0.24, below the 50-day MA of 0.21, and below the 200-day MA of 0.20, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 81.56 is Negative, neither overbought nor oversold. The STOCH value of 94.76 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0899.
Asia Resources Holdings Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
55 Neutral | HK$141.69M | -11.54 | -1.67% | 2.37% | -9.05% | 44.68% | |
54 Neutral | HK$7.63B | 236.51 | 0.74% | 1.28% | -18.57% | -89.19% | |
53 Neutral | HK$1.09B | 30.83 | 1.78% | 3.83% | 12.73% | 69.04% | |
47 Neutral | HK$151.95M | -0.75 | -19.78% | ― | 12.93% | 67.33% | |
44 Neutral | HK$1.28B | -20.39 | -35.39% | ― | -56.46% | -275.00% | |
44 Neutral | HK$13.32B | -3.90 | -18.85% | 6.49% | -6.57% | -6.67% |
* Real Estate Sector Average
HK:0899
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Asia Resources Holdings Limited Corporate Events
Zhong Jia Guo Xin Holdings Announces Resignations of Two Board Directors
Sep 21, 2026
Zhong Jia Guo Xin Holdings Company Limited announced the resignation of executive director Mr. Huang Jiahao, effective 21 September 2026, citing his pursuit of other business development opportunities and noting he has no disagreement with the boa...
Zhong Jia Guo Xin Holdings Updates Board and Committee Roles
Sep 21, 2026
Zhong Jia Guo Xin Holdings Company Limited has updated its board composition effective 21 September 2026, naming Ms. Yau Ho Yi as executive director alongside four non-executive directors and three independent non-executive directors. The clarifie...
Zhong Jia Guo Xin Drops Asia Resources Name Plan, Proceeds with New Rebranding
Sep 18, 2026
Zhong Jia Guo Xin Holdings Company Limited has abandoned its earlier plan to rename itself Asia Resources Holdings Limited in English and adopt a corresponding Chinese secondary name, after determining that this branding no longer aligns with the ...
Zhong Jia Guo Xin Plans Name Change to You You Holdings and New Bye-Laws
Sep 17, 2026
Zhong Jia Guo Xin Holdings Company Limited plans to change its English name to You You Holdings Company Limited and its Chinese name to 友友控股有限公司, subject to shareholder approval at a special ...
Zhong Jia Guo Xin Raises HK$3.95 Million Through Share Placing Under General Mandate
Sep 16, 2026
Zhong Jia Guo Xin Holdings Company Limited, a Bermuda-incorporated issuer listed in Hong Kong under stock code 899, has a broad shareholder base that includes substantial shareholders and public investors alongside a board comprising executive, no...
Zhong Jia Guo Xin Wins Unanimous Shareholder Backing at 2026 AGM
Aug 28, 2026
Zhong Jia Guo Xin Holdings Company Limited reported that all resolutions at its 28 August 2026 annual general meeting were passed by poll, with shareholders unanimously approving the 2025/26 audited financial statements, re-election of all incumbe...
Zhong Jia Guo Xin Updates Board and Committee Roles
Aug 28, 2026
Zhong Jia Guo Xin Holdings Company Limited has refreshed its board composition with effect from 1 September 2026, confirming two executive directors, four non-executive directors and four independent non-executive directors. The updated structure ...
Zhong Jia Guo Xin Plans Discounted Share Placing to Raise Working Capital
Aug 24, 2026
Zhong Jia Guo Xin Holdings Company Limited, incorporated in Bermuda and listed in Hong Kong under stock code 899, is utilizing a general mandate to issue new shares as part of its funding strategy. By appointing an independent placing agent, the c...
Zhong Jia Guo Xin Shifts Bermuda Registered Office, Keeps Hong Kong Share Registrar
Aug 12, 2026
Zhong Jia Guo Xin Holdings Company Limited, a Bermuda-incorporated firm listed on the Hong Kong Stock Exchange, operates with a diversified board of executive, non-executive and independent directors in line with common governance practices for of...
Zhong Jia Guo Xin Sets 2026 AGM, Seeks Share Issue Mandate
Jul 23, 2026
Zhong Jia Guo Xin Holdings Company Limited, incorporated in Bermuda and listed in Hong Kong, has called its annual general meeting for 28 August 2026 in Central, Hong Kong, covering the financial year ended 31 March 2026. The meeting will review a...
Zhong Jia Guo Xin Narrows Annual Loss Despite Heavy Impairments
Jun 26, 2026
Zhong Jia Guo Xin Holdings reported revenue of HK$22.6 million from continuing operations for the year ended 31 March 2026, up from HK$20.0 million a year earlier, with gross profit improving to HK$4.2 million. Despite this, the group posted a con...
Zhong Jia Guo Xin relocates Hong Kong head office while maintaining operations
Jun 26, 2026
Zhong Jia Guo Xin Holdings Company Limited has relocated its head office and principal place of business in Hong Kong to Room 4015, 40/F, Hong Kong Plaza, 188 Connaught Road West, Sai Ying Pun, effective 26 June 2026. The company emphasized that i...
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.