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A & S Group (Holdings) Limited
(1737)
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Rating:51Neutral
Price Target:
HK$0.15
▲(68.89% Upside)
Action:Reiterated
Date:07/27/26
The score is held back primarily by weakening financial performance (two years of losses, declining revenue, and compressed margins), partially offset by a supportive balance sheet and still-positive cash flow. Technicals contribute a modest uplift due to the price being above longer-term moving averages, while valuation remains a drag because the negative P/E reflects unprofitable operations.
Positive Factors
Manageable leverage / strong equity base
A lower debt-to-equity (~0.26) and sizable equity base provide financial flexibility over the next several months. This balance sheet buffer reduces near-term refinancing and solvency risk, allowing the company to absorb losses or invest selectively while pursuing operational fixes.
Negative Factors
Two years of net losses
Sustained net losses and negative EBIT over two consecutive years erode retained earnings and constrain reinvestment. Continued unprofitability can force strategic trade-offs, impair return on capital, and raise the risk that the balance sheet buffer will be consumed if recovery is slow.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage / strong equity base
A lower debt-to-equity (~0.26) and sizable equity base provide financial flexibility over the next several months. This balance sheet buffer reduces near-term refinancing and solvency risk, allowing the company to absorb losses or invest selectively while pursuing operational fixes.
Read all positive factors
A & S Group (Holdings) Limited (1737) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$151.00M
Dividend Yield18.18%
Average Volume (3M)225.00K
Price to Earnings (P/E)―
Beta (1Y)0.29
Revenue Growth-17.32%
EPS Growth-8.08%
CountryHK
Employees317
SectorIndustrials
Sector Strength72
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)-0.02
Shares Outstanding1,000,000,000
10 Day Avg. Volume220,000
30 Day Avg. Volume225,000
Financial Highlights & Ratios
PEG Ratio-0.58
Price to Book (P/B)0.62
Price to Sales (P/S)0.22
P/FCF Ratio4.39
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
A & S Group (Holdings) Limited Business Overview & Revenue Model
Company Description
A & S Group (Holdings) Limited functions as an investment holding entity, specializing in comprehensive air freight forwarding ground handling and air cargo terminal operations across Hong Kong. Their ground handling division encompasses essential...
A & S Group (Holdings) Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
67
Positive
Cash Flow
58
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 457.70M | 553.59M | 649.57M | 508.46M | 520.20M |
| Gross Profit | 25.67M | 39.21M | 74.13M | 45.85M | 79.42M |
| EBITDA | 19.92M | 32.52M | 78.95M | 68.10M | 87.73M |
| Net Income | -21.42M | -19.80M | 17.63M | 8.59M | 32.52M |
Balance Sheet | |||||
| Total Assets | 258.04M | 319.98M | 310.35M | 329.20M | 316.23M |
| Cash, Cash Equivalents and Short-Term Investments | 73.91M | 79.22M | 84.99M | 82.69M | 128.73M |
| Total Debt | 42.01M | 71.50M | 11.02M | 60.14M | 36.94M |
| Total Liabilities | 95.85M | 135.66M | 86.22M | 122.71M | 93.32M |
| Stockholders Equity | 162.97M | 184.32M | 224.13M | 206.49M | 222.91M |
Cash Flow | |||||
| Free Cash Flow | 23.03M | 52.30M | 52.08M | 47.16M | 83.15M |
| Operating Cash Flow | 23.04M | 72.88M | 54.81M | 54.62M | 90.37M |
| Investing Cash Flow | 149.00K | -20.14M | -2.34M | -6.98M | -7.22M |
| Financing Cash Flow | -31.57M | -58.51M | -50.18M | -93.68M | -56.28M |
A & S Group (Holdings) Limited Technical Analysis
Positive
0.09
Price Trends
0.16
Positive
0.14
Positive
0.12
Positive
Market Momentum
>-0.01
Positive
55.20
Neutral
56.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1737, the sentiment is Positive. The current price of 0.09 is below the 20-day moving average (MA) of 0.15, below the 50-day MA of 0.16, and below the 200-day MA of 0.12, indicating a bullish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 55.20 is Neutral, neither overbought nor oversold. The STOCH value of 56.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1737.
A & S Group (Holdings) Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
51 Neutral | HK$151.00M | -7.48 | -12.76% | 18.18% | -17.32% | -8.08% | |
49 Neutral | HK$577.92M | 45.43 | 1.96% | 1.67% | 9.69% | -68.56% | |
48 Neutral | HK$168.24M | -0.71 | -279.24% | 5.66% | -5.58% | -92.72% | |
45 Neutral | HK$72.59M | -1.57 | -54.80% | ― | -22.74% | 22.56% | |
41 Neutral | HK$177.09M | -4.24 | -8.08% | ― | ― | ― | |
38 Underperform | HK$149.89M | -0.58 | -195.88% | 0.45% | 24.59% | -2581.36% |
* Industrials Sector Average
HK:1737
A & S Group (Holdings) Limited
0.16
0.06
60.00%
HK:0500
Frontier Services Group
0.06
-0.03
-28.89%
HK:1442
Infinity Logistics and Transport Ventures Limited
0.28
-0.06
-17.65%
HK:8047
China Ocean Group Development Limited
0.03
0.00
0.00%
HK:8292
Worldgate Global Logistics Ltd.
0.13
-0.44
-76.67%
HK:8489
Grand Power Logistics Group Limited
0.23
0.08
55.33%
A & S Group (Holdings) Limited Corporate Events
A & S Group Sets 2026 AGM to Approve Accounts, Board Mandates and Share Issue Authority
Jul 24, 2026
A S Group (Holdings) Limited has called its annual general meeting for 15 September 2026 in Hong Kong, where shareholders will consider adopting the audited consolidated financial statements for the year ended 31 March 2026 and review the reports...
A & S Group Posts Wider Annual Loss and Scraps Final Dividend
Jun 26, 2026
A S Group (Holdings) Limited, a Hong Kong-listed construction and contracting group incorporated in the Cayman Islands, reported weaker results for the year ended 31 March 2026 amid softer market conditions. The company’s earnings remain hi...
A & S Group Sets June Board Meeting to Approve Annual Results and Consider Final Dividend
Jun 12, 2026
A S Group (Holdings) Limited has scheduled a board meeting for 26 June 2026 to review and approve the group’s audited final results for the financial year ended 31 March 2026. The board will also consider whether to declare a final dividend...
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.