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HK Asia Holdings Limited
(1723)
HK Asia Holdings Limited (1723) vs. iShares MSCI Hong Kong ETF (EWH)
HK Asia Holdings Limited Business Overview & Revenue Model
HK Asia Holdings Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 221.92M | 189.56M | 252.38M | 204.57M | 183.00M | 136.00M |
| Gross Profit | 48.25M | 43.33M | 61.65M | 45.30M | 59.22M | 45.72M |
| EBITDA | 5.21M | 8.58M | 23.69M | 10.34M | 29.62M | 18.14M |
| Net Income | 4.69M | 1.79M | 14.84M | 3.94M | 19.46M | 10.76M |
Balance Sheet | ||||||
| Total Assets | 136.85M | 115.99M | 138.74M | 179.05M | 175.45M | 182.50M |
| Cash, Cash Equivalents and Short-Term Investments | 66.84M | 44.70M | 65.58M | 97.08M | 62.43M | 36.19M |
| Total Debt | 3.52M | 1.86M | 6.01M | 4.37M | 3.65M | 26.80M |
| Total Liabilities | 31.62M | 9.66M | 14.21M | 9.35M | 9.69M | 36.20M |
| Stockholders Equity | 105.23M | 106.33M | 124.54M | 169.70M | 165.76M | 146.30M |
Cash Flow | ||||||
| Free Cash Flow | -3.59M | 4.13M | 34.01M | 39.69M | 50.69M | -38.97M |
| Operating Cash Flow | 6.30M | 18.20M | 43.90M | 40.62M | 51.37M | -38.38M |
| Investing Cash Flow | -435.00K | -14.07M | -9.89M | -934.00K | -677.00K | -592.00K |
| Financing Cash Flow | -5.08M | -25.00M | -65.52M | -5.04M | -24.45M | -26.84M |
HK Asia Holdings Limited Technical Analysis
HK Asia Holdings Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | 5.20B | 10.86 | 0.00% | 6.78% | 0.52% | 2.07% | |
73 Outperform | 1.98B | 10.93 | 3.37% | 5.16% | -4.17% | -18.28% | |
58 Neutral | 5.35B | 222.00 | 0.06% | 6.75% | 6.79% | 0.00% | |
49 Neutral | HK$1.01B | 473.33 | 1.55% | 2.35% | -24.89% | -87.87% | |
46 Neutral | 29.38M | -3.76 | -23.29% | ― | -35.91% | 38.89% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
HK Asia Holdings Limited Corporate Events
HK Asia Holdings Limited, through its wholly-owned subsidiary, has entered into a Limited Liability Company Agreement to subscribe for an interest in a fund managed by Sora Valkyrie, a substantial shareholder of the company. The subscription amount is US$1.2 million, and the transaction is classified as both a discloseable and connected transaction under Hong Kong Listing Rules. This strategic investment aims to generate long-term capital appreciation and maximize total returns, although the company’s ability to invest more is currently limited by pending approval for new share issuance.
Moon Inc., a company incorporated in the Cayman Islands, has announced a change in its company website from ‘www.hkasiaholdings.com’ to ‘www.mooninc.hk’, effective July 31, 2025. This change will affect where the company’s announcements, notices, and documents are published, potentially impacting how stakeholders access company information.
Moon Inc., formerly known as HK Asia Holdings Limited, has announced its upcoming Annual General Meeting (AGM) scheduled for September 26, 2025, in Hong Kong. The AGM will address several key resolutions, including the adoption of the company’s financial statements, the re-election of directors, the reappointment of the auditor, and the authorization for the board to repurchase shares and issue additional shares. These resolutions are critical for the company’s governance and strategic planning, potentially impacting its operational flexibility and shareholder value.
Moon Inc., previously known as HK Asia Holdings Limited, has announced a discloseable transaction involving the purchase of tender offer securities in Thailand. The company, through its wholly-owned subsidiary, intends to acquire approximately 19.09% of the share capital and unexercised warrants of DV8. This transaction is subject to the Hong Kong Listing Rules due to its percentage ratios and requires caution from shareholders and investors. The tender offer is voluntary, and the offerors are committed to acquiring all target securities not already owned.
Moon Inc. has reported its annual financial results for the year ending March 31, 2025, showing a significant decrease in revenue and profit compared to the previous year. The company experienced a 24.9% drop in revenue to approximately HK$189.6 million and an 87.8% decrease in profit attributable to owners, amounting to HK$1.8 million. The decline in financial performance is attributed to reduced gross profit and increased expenses, leading the board to decide against recommending a final dividend for the year.
Moon Inc. has issued a profit warning, indicating an expected 90% decrease in profit for the fiscal year ending March 31, 2025, compared to the previous year. This significant decline is attributed to a 25% drop in revenue due to weakened demand for traditional prepaid products and increased discounts amid intense market competition, which has eroded profit margins.
Moon Inc., previously known as HK Asia Holdings Limited, has announced a board meeting scheduled for June 30, 2025. The meeting will focus on approving the audited annual results for the fiscal year ending March 31, 2025, and considering the payment of a final dividend. This announcement is significant as it could impact shareholder returns and provide insights into the company’s financial health and strategic direction.
Moon Inc. has announced the composition of its board of directors, which includes a mix of executive, non-executive, and independent non-executive directors. The board has also established four committees, namely the Audit, Remuneration, Nomination, and Environmental, Social and Governance Committees, with specific directors assigned to each, reflecting the company’s commitment to structured governance and oversight.
Moon Inc. has announced significant changes in its executive team, including the resignation of key figures such as the Chief Financial Officer, Company Secretary, and Chief Investment Officer, all effective from June 11, 2025. These changes are attributed to personal business engagements and a reallocation of responsibilities within the company. New appointments have been made, with Mr. Chan Ming Kei taking over as the Chief Financial Officer and Mr. Jesse Austin Myers as the Chief Investment Officer, bringing extensive experience in accounting, financial management, and the crypto industry. These leadership changes are expected to impact the company’s strategic direction and operations, potentially influencing its market positioning and stakeholder relations.
Moon Inc. has officially changed its company name from HK Asia Holdings Limited to Moon Inc., following a special resolution passed at an extraordinary general meeting. The change has been registered in both the Cayman Islands and Hong Kong, with the new stock short names ‘MOON INC’ and ‘恆月控股’ effective from 12 June 2025. This rebranding will not affect shareholders’ rights or the company’s operations and financial position, and existing share certificates will remain valid.
HK Asia Holdings Limited has successfully completed the subscription agreement and issued convertible notes worth HK$33,750,000. The completion of this agreement resulted in the issuance of 75,000,000 conversion shares, altering the company’s shareholding structure with subscribers now holding a larger percentage of shares. This move is expected to provide the company with net proceeds of approximately HK$33,250,000, which will be utilized as per the outlined strategic plans.