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HK Asia Holdings Limited
(1723)
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Rating:50Neutral
Price Target:
HK$0.57
â–²(32.56% Upside)
Action:Reiterated
Date:10/15/26
The score is held down primarily by weak financial performance (losses, negative operating/free cash flow, and rising leverage). Technical indicators are supportive in the near term (positive momentum and trading above key moving averages), but valuation is constrained by a negative P/E tied to losses and no dividend yield data to offset risk.
Positive Factors
Revenue rebound and growth
The return to revenue growth shows that the company retained demand for mobile devices and related products after the prior-year decline. If this recovery persists, a larger sales base can support operating leverage and improve the company’s ability to rebuild profitability over subsequent periods.
Negative Factors
Sharp profitability deterioration
The shift from profit to a sizable net loss, together with negative operating profit, signals that current revenue is not covering the company’s operating cost base. Persistent losses would weaken retained capital, restrict reinvestment, and make future earnings recovery more dependent on cost improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound and growth
The return to revenue growth shows that the company retained demand for mobile devices and related products after the prior-year decline. If this recovery persists, a larger sales base can support operating leverage and improve the company’s ability to rebuild profitability over subsequent periods.
Read all positive factors
HK Asia Holdings Limited (1723) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$383.81M
Dividend Yield17.54%
Average Volume (3M)1.22M
Price to Earnings (P/E)―
Beta (1Y)2.69
Revenue Growth8.73%
EPS Growth-1900.00%
CountryHK
Employees58
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)-0.06
Shares Outstanding717,408,000
10 Day Avg. Volume329,200
30 Day Avg. Volume1,223,517
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)1.35
Price to Sales (P/S)2.15
P/FCF Ratio-15.07
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
HK Asia Holdings Limited Business Overview & Revenue Model
Company Description
HK Asia Holdings Limited operates as an investment holding company, primarily involved in the wholesale and retail distribution of pre-paid products throughout Hong Kong. The company supplies SIM cards and reloadable vouchers, enabling customers t...
How the Company Makes Money
The company makes money primarily by selling mobile handsets and related products to customers and earning the margin between its procurement cost (from suppliers/brand owners/wholesalers) and its selling price through its retail and distribution ...
HK Asia Holdings Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
46
Neutral
Cash Flow
29
Negative
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 206.11M | 189.56M | 252.38M | 204.57M | 183.00M |
| Gross Profit | 50.48M | 43.33M | 61.65M | 45.30M | 59.22M |
| EBITDA | -9.81M | 8.58M | 23.69M | 10.34M | 29.62M |
| Net Income | -28.36M | 1.79M | 14.84M | 3.94M | 19.46M |
Balance Sheet | |||||
| Total Assets | 421.85M | 115.99M | 138.74M | 179.05M | 175.45M |
| Cash, Cash Equivalents and Short-Term Investments | 79.23M | 44.70M | 65.58M | 97.08M | 62.43M |
| Total Debt | 89.31M | 1.86M | 6.01M | 4.37M | 3.65M |
| Total Liabilities | 93.97M | 9.66M | 14.21M | 9.35M | 9.69M |
| Stockholders Equity | 327.88M | 106.33M | 124.54M | 169.70M | 165.76M |
Cash Flow | |||||
| Free Cash Flow | -29.35M | 4.13M | 34.01M | 39.69M | 50.69M |
| Operating Cash Flow | -10.99M | 18.20M | 43.90M | 40.62M | 51.37M |
| Investing Cash Flow | -87.05M | -14.07M | -9.89M | -934.00K | -677.00K |
| Financing Cash Flow | 132.57M | -25.00M | -65.52M | -5.04M | -24.45M |
HK Asia Holdings Limited Technical Analysis
Neutral
0.43
Price Trends
0.48
Positive
0.53
Positive
0.71
Negative
Market Momentum
0.04
Positive
46.87
Neutral
10.59
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1723, the sentiment is Neutral. The current price of 0.43 is below the 20-day moving average (MA) of 0.64, below the 50-day MA of 0.48, and below the 200-day MA of 0.71, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 46.87 is Neutral, neither overbought nor oversold. The STOCH value of 10.59 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1723.
HK Asia Holdings Limited Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$92.13B | 17.36 | 14.86% | 6.81% | 7.09% | 4.21% | |
73 Outperform | HK$5.33B | 10.30 | 9.66% | 6.61% | 5.60% | 9.64% | |
63 Neutral | HK$5.35B | -270.73 | 0.25% | 6.72% | 23.04% | -192.00% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
54 Neutral | HK$38.79B | -459.63 | -40.50% | 7.63% | 7.10% | 70.22% | |
53 Neutral | HK$7.86B | 24.98 | 14.97% | 6.47% | 6.22% | 42.92% | |
50 Neutral | HK$383.81M | -8.92 | -7.50% | 17.54% | 8.73% | -1900.00% |
* Communication Services Sector Average
HK:1723
HK Asia Holdings Limited
0.54
-1.83
-77.36%
HK:1310
HKBN
5.32
-1.17
-18.09%
HK:6823
HKT and HKT
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1.55
14.59%
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HK Asia Holdings Limited Corporate Events
Moon Inc. Revises Timetable After Delay in Rights Issue Prospectus Dispatch
Oct 29, 2026
Moon Inc. has announced a further delay in the dispatch of prospectus documents for its proposed rights issue, which offers one rights share for every two shares held on the record date on a non-underwritten basis. The prospectus and related docum...
Moon Inc. Faces Fundraising Constraints from HK$52 Million Convertible Note Terms
Oct 26, 2026
Moon Inc., incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange, has been using non-interest-bearing convertible notes to support its funding needs. The company’s financing strategy is closely linked to the performan...
Moon Inc. Delays Rights Issue Prospectus and Confirms Board Lot Change
Oct 8, 2026
Moon Inc. has postponed the despatch of prospectus documents for its planned rights issue, which offers one rights share for every two shares held on a non-underwritten basis, to on or before 2 November 2026 to allow more time to finalise informat...
Moon Inc. Refreshes Board with Appointment of Veteran Hong Kong Politician as Independent Director
Oct 2, 2026
Moon Inc. has announced changes to its board, with independent non‑executive director Chen Xiaobing resigning effective 2 October 2026 due to personal career commitments. The company noted that Chen has no disagreements with the board and ex...
Moon Inc. Sets Out Board Composition and Governance Committee Roles
Oct 2, 2026
Moon Inc. has announced the current composition of its eight-member board, detailing roles across executive, non-executive and independent non-executive directors, including Jason Kin Hoi Fang as chairman and John Edwin Riggins as chief executive ...
Moon Inc. Shareholders Back All AGM Resolutions, Bolstering Governance and Capital Flexibility
Sep 30, 2026
Shareholders of Moon Inc. overwhelmingly approved all resolutions at the annual general meeting held on 30 September 2026, including adoption of the audited financial statements for the year ended 31 March 2026 and re-election of key executive and...
Moon Inc. Launches Rights Issue and Adjusts Board Lot Size
Sep 10, 2026
Moon Inc. has announced a proposed rights issue to raise up to approximately HK$63.37 million in gross proceeds, offering one rights share for every two shares held by qualifying shareholders at HK$0.265 per share, with estimated net proceeds of a...
Moon Inc. sets higher audit fee range as prepaid Bitcoin card business expands
Aug 21, 2026
Moon Inc. has proposed the re-appointment of Moore CPA Limited as its auditor, with a resolution to be put to shareholders at the upcoming annual general meeting and a mandate for the board to set the auditor’s remuneration for the year endi...
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.