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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 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 221.92M | 252.38M | 204.57M | 183.00M | 136.00M | 199.99M | Gross Profit |
| 48.25M | 61.65M | 45.30M | 59.22M | 45.72M | 66.78M | EBIT |
| 3.16M | 15.14M | 1.59M | 22.09M | 8.49M | 30.05M | EBITDA |
| 5.21M | 23.69M | 10.34M | 29.62M | 18.14M | 35.37M | Net Income Common Stockholders |
| 4.69M | 14.84M | 3.94M | 19.46M | 10.76M | 26.58M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 66.84M | 65.58M | 97.08M | 62.43M | 36.19M | 102.00M | Total Assets |
| 136.85M | 138.74M | 179.05M | 175.45M | 182.50M | 186.10M | Total Debt |
| 3.52M | 6.01M | 4.37M | 3.65M | 26.80M | 5.09M | Net Debt |
| -58.79M | -59.56M | -92.71M | -58.78M | -9.39M | -96.91M | Total Liabilities |
| 31.62M | 14.21M | 9.35M | 9.69M | 36.20M | 50.56M | Stockholders Equity |
| 105.23M | 124.54M | 169.70M | 165.76M | 146.30M | 135.54M |
| Cash Flow | Free Cash Flow | ||||
| -3.59M | 34.01M | 39.69M | 50.69M | -38.97M | 18.93M | Operating Cash Flow |
| 6.30M | 43.90M | 40.62M | 51.37M | -38.38M | 19.09M | Investing Cash Flow |
| -435.00K | -9.89M | -934.00K | -677.00K | -592.00K | -1.55M | Financing Cash Flow |
| -5.08M | -65.52M | -5.04M | -24.45M | -26.84M | -3.04M |
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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $1.01T | 23.65 | 23.91% | 3.25% | 33.89% | 45.52% | |
71 Outperform | HK$2.09B | 375.21 | 4.16% | 2.28% | -9.79% | -48.00% | |
70 Neutral | $178.28B | 8.41 | 14.58% | 2.56% | 5.32% | 10.61% | |
61 Neutral | $14.56B | 5.82 | -4.02% | 6.41% | 2.72% | -31.67% | |
56 Neutral | $7.15B | ― | -1.35% | ― | -11.86% | 83.13% | |
52 Neutral | $1.49B | ― | ― | -15.73% | -73.42% |
HK Asia Holdings Limited Corporate Events
HK Asia Holdings Limited has issued a clarification regarding a typographical error in their recent announcement related to an extraordinary general meeting. The error involved the incorrect use of the terms ‘Adjournment’ and ‘Adjourned,’ which should have been ‘Postponement’ and ‘Postponed.’ The company confirms that all other information remains unchanged.
HK Asia Holdings Limited has announced the adjournment of its Extraordinary General Meeting (EGM) originally scheduled for April 30, 2025, to May 12, 2025, due to the need for additional preparation time. The venue remains unchanged, and the book closure arrangements for determining shareholder entitlements to attend and vote at the EGM remain the same. Shareholders who have submitted proxy forms do not need to resubmit them unless they wish to make changes.
HK Asia Holdings Limited has announced the proposed issue of new shares and convertible notes under a general mandate. The company plans to issue 3,272,000 subscription shares and convertible notes with a principal amount of HK$52,377,600. The proceeds from these issues are expected to be approximately HK$65,498,320, with net proceeds of around HK$64,188,354. The funds will be used as outlined in their announcement, and applications for listing the subscription and conversion shares will be made to the Stock Exchange. However, the completion of these subscriptions is subject to conditions, and there is no guarantee they will proceed.
HK Asia Holdings Limited has announced an Extraordinary General Meeting to be held on April 30, 2025, to discuss and potentially approve several significant resolutions. The key items on the agenda include the approval of a subscription agreement for convertible notes worth HK$33,750,000 and a proposed name change of the company to ‘Moon Inc.’ These actions are aimed at enhancing the company’s financial flexibility and rebranding strategy, which could have implications for its market positioning and stakeholder interests.
HK Asia Holdings Limited has announced the further acquisition of approximately 10 units of Bitcoin, bringing their total Bitcoin holdings to about 28.88 units. This move aligns with the company’s strategy to diversify its investment portfolio and enhance asset value amidst global economic uncertainties and the depreciation of fiat currencies. The acquisition is seen as a step towards embracing technological evolution and preparing for potential entry into the blockchain industry, signaling a commitment to adapt to the evolving financial landscape.
HK Asia Holdings Limited has announced the scheduling of an extraordinary general meeting (EGM) on April 30, 2025, to discuss significant corporate actions, including the issuance of Convertible Notes and a potential change of the company’s name. The meeting will determine shareholder entitlements, and the company will close its register of members from April 29 to April 30, 2025, to facilitate this process. This move is part of the company’s strategic initiatives to enhance its capital structure and market positioning.
HK Asia Holdings Limited announced a supplemental agreement to its existing Subscription Agreement for the issuance of convertible notes. The agreement reflects a change in the subscribers, with Allied Top Investments taking over the portion initially allocated to Top Legend SPC. The principal amounts for the subscribers, 210K Capital, Sora Valkyrie Limited, and Allied Top Investments, are specified, and no other terms of the original agreement have been altered.
HK Asia Holdings Limited has announced a further purchase of approximately 10 units of Bitcoin, bringing their total Bitcoin holdings to approximately 18.88 units. This acquisition is part of their strategy to diversify their investment portfolio and align with the evolving global financial landscape. The company sees Bitcoin as a potential store of value and a hedge against fiat currency depreciation, and aims to enhance shareholder value and demonstrate its commitment to technological evolution.
HK Asia Holdings Limited has announced significant changes in its leadership structure, appointing new directors and executives to key positions. These appointments, effective from March 14, 2025, include a new Chairman, CEO, CFO, and Chief Investment Officer, among others. This restructuring is part of the company’s strategic efforts to strengthen its governance and operational capabilities following a recent mandatory unconditional cash offer by a consortium of investors. The changes are expected to enhance the company’s market positioning and stakeholder confidence.
HK Asia Holdings Limited has announced the composition of its board of directors, which consists of eight members, including executive, non-executive, and independent non-executive directors. The company has also detailed the structure of its four board committees, highlighting the roles and functions of each director within these committees. This announcement provides clarity on the governance structure of the company, which is crucial for stakeholders to understand the decision-making processes and oversight functions within the organization.
HK Asia Holdings Limited has announced the closure of a mandatory unconditional cash offer by Get Nice Securities Limited on behalf of joint offerors to acquire all issued shares of the company, excluding those already owned by the offerors. The offer closed with minimal acceptance, representing only 0.0165% of the company’s issued share capital, and the settlement process is underway, with cash consideration being dispatched to shareholders.
HK Asia Holdings Limited has announced a revised timetable for a mandatory unconditional cash offer by Get Nice Securities Limited on behalf of joint offerors to acquire all issued shares of the company, excluding those already owned or agreed to be acquired by the joint offerors. The delay in dispatching the response document has led to changes in the expected timetable, with the offer period extended and new dates set for acceptance and announcement of results, impacting stakeholders by providing more time for consideration and response.
HK Asia Holdings Limited announced a further investment in Bitcoin, purchasing approximately 7.88 units for around HK$5.9 million. This move was financed through internal resources and elevates the company’s total Bitcoin holdings to about 8.88 units. As the investment ratios remain below 5%, it is not deemed a notifiable transaction under Hong Kong’s Listing Rules, but reflects the company’s strategic direction in digital assets.
HK Asia Holdings Limited has announced a delay in the dispatch of its Response Document related to a mandatory unconditional cash offer by Get Nice Securities Limited on behalf of the Joint Offerors. The company requires more time to finalize the Response Document, extending its deadline to 28 February 2025. Consequently, the offer period has also been extended with the agreement of the Joint Offerors, showing a collaborative effort to adhere to regulatory requirements.
HK Asia Holdings Limited has announced the purchase of a single unit of Bitcoin, funded by internal resources at a cost of approximately US$96,150. This move reflects the company’s recognition of the growing importance of cryptocurrencies, particularly Bitcoin, as a store of value and part of diversified investment portfolios. The investment is seen as a strategic step to align with the evolving global financial landscape and to enhance the company’s asset value. Despite the symbolic scale of this purchase, it does not constitute a notifiable transaction under the Listing Rules due to its size. The company commits to adhering to future disclosure requirements for cryptocurrency transactions.
HK Asia Holdings Limited has announced the appointment of new executive directors, including David Forrest Bailey, John Edwin Riggins, Fang Jason Kin Hoi, and Wong Fung Yee Mary, effective February 12, 2025. The newly appointed directors bring extensive experience in the crypto industry, potentially signaling a strategic shift or emphasis for the company towards cryptocurrency and blockchain technology sectors.
HK Asia Holdings Limited has announced the list of its board of directors, which includes a mix of executive, non-executive, and independent non-executive members. The company has also outlined the composition of its four established committees, which are the Audit, Remuneration, Nomination, and Environmental, Social and Governance Committees. This announcement provides clarity on the leadership and governance structure of the company, which is crucial for stakeholders and investors as it may impact the company’s strategic direction and operational efficiency.
HK Asia Holdings Limited is the subject of a mandatory unconditional cash offer by Get Nice Securities Limited on behalf of joint offerors 210K Capital, LP, Sora Valkyrie Limited, Top Legend SPC, and Allied Top Investments Limited. The offer aims to acquire all issued shares of the company not already owned by the joint offerors. The offer document was dispatched to shareholders on February 7, 2025, detailing the offer’s terms and conditions, with the offer open for acceptance until March 7, 2025. This acquisition move could impact the company’s market positioning and stakeholder interests.