A & S Group (Holdings) Limited (1737) AI Stock Analysis

• Market Cap: HK$96.00M
• Dividend Yield: 20.83%
• Average Volume (3M): 111.67K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.24
• Revenue Growth: -14.78%
• EPS Growth: -212.50%
• Country: HK
• Employees: 363
• Sector: Industrials
• Sector Strength: 72
• Industry: Integrated Freight & Logistics
• EPS (TTM): -0.02
• Shares Outstanding: 1,000,000,000
• 10 Day Avg. Volume: 77,000
• 30 Day Avg. Volume: 111,666
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 53 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

The overall stock score reflects significant financial challenges, particularly in revenue and profitability, which weigh heavily on the company's outlook. Technical indicators suggest some potential for short-term recovery, but valuation concerns persist due to negative earnings and an unsustainably high dividend yield. Addressing these financial and operational issues is crucial for improving the stock's prospects.

A & S Group (Holdings) Limited Business Overview & Revenue Model

Company Description

A & S Group (Holdings) Limited (1737) is a diversified investment holding company based in Hong Kong. The company primarily focuses on sectors such as manufacturing, property investment, and trading. A & S Group engages in the production of high-quality textiles and garments, while also investing in real estate projects that enhance its portfolio. By leveraging strategic partnerships and a robust supply chain, the company aims to deliver value across its various business segments.

How the Company Makes Money

A & S Group generates revenue through multiple streams, including the sale of manufactured textiles and garments, which form a significant portion of its income. The company profits from property investments by leasing commercial and residential properties, thereby earning rental income. Additionally, A & S Group may engage in trading activities, sourcing products for wholesale distribution, which further contributes to its revenue. Strategic partnerships with suppliers and distributors enhance its market reach, while efficient production processes help maintain cost-effectiveness and profitability.

A & S Group (Holdings) Limited Financial Statement Overview

Summary

The company faces challenges with declining revenue and profitability, impacting its income statement. The balance sheet remains stable with moderate leverage, but profitability issues are evident. Cash flow generation is relatively strong, providing some financial flexibility. Overall, the company needs to address revenue and margin pressures to improve its financial health.

Income Statement

The company has experienced a decline in revenue growth, with a significant drop of 14.89% in the latest year. Margins have also deteriorated, with a negative net profit margin of -3.58% and a negative EBIT margin. The gross profit margin has decreased to 7.08%, indicating pressure on profitability. Despite these challenges, the company has maintained a positive EBITDA margin, suggesting some operational efficiency.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio of 0.39, indicating manageable leverage. However, the return on equity has turned negative, reflecting recent losses. The equity ratio remains stable, suggesting a solid capital structure despite profitability challenges.

Cash Flow

Cash flow analysis reveals a decline in free cash flow growth, but the company maintains a healthy operating cash flow to net income ratio of 0.79. The free cash flow to net income ratio is also strong at 0.72, indicating efficient cash generation relative to earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	650.44M	553.59M	649.57M	508.46M	520.20M	408.50M
Gross Profit	64.61M	39.21M	74.13M	45.85M	79.42M	59.31M
EBITDA	20.92M	32.52M	78.95M	68.10M	87.73M	93.15M
Net Income	10.55M	-19.80M	17.63M	8.59M	32.52M	40.52M
Balance Sheet
Total Assets	363.67M	319.98M	310.35M	329.20M	316.23M	310.12M
Cash, Cash Equivalents and Short-Term Investments	106.65M	79.22M	84.99M	82.69M	128.73M	101.86M
Total Debt	64.93M	71.50M	11.02M	60.14M	36.94M	54.04M
Total Liabilities	159.48M	135.66M	86.22M	122.71M	93.32M	89.73M
Stockholders Equity	204.19M	184.32M	224.13M	206.49M	222.91M	220.39M
Cash Flow
Free Cash Flow	61.70M	52.30M	52.08M	47.16M	83.15M	65.58M
Operating Cash Flow	72.74M	72.88M	54.81M	54.62M	90.37M	74.93M
Investing Cash Flow	-10.64M	-20.14M	-2.34M	-6.98M	-7.22M	-8.26M
Financing Cash Flow	-53.53M	-58.51M	-50.18M	-93.68M	-56.28M	-55.10M

A & S Group (Holdings) Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1737, the sentiment is Negative. The current price of 0.1 is below the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.10, and below the 200-day MA of 0.11, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 38.50 is Neutral, neither overbought nor oversold. The STOCH value of 69.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1737.

A & S Group (Holdings) Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
1442	60 Neutral	HK$691.44M	13.76	7.59%	―	13.85%	37.13%
1737	53 Neutral	HK$96.00M	―	-9.70%	20.83%	-14.78%	-212.50%
1732	50 Neutral	HK$320.00M	6.69	-2.51%	―	-1.40%	-128.66%
6123	47 Neutral	HK$472.33M	―	-4.97%	2.07%	-35.13%	-11.52%
8489	45 Neutral	HK$42.00M	―	-25.91%	―	3.45%	-339.07%
8482	41 Neutral	HK$18.42M	―	-52.93%	―	-15.82%	6.52%

A & S Group (Holdings) Limited Corporate Events

A & S Group Successfully Passes All Resolutions at AGM

A & S Group (Holdings) Limited announced the successful passing of all proposed resolutions during its annual general meeting held on September 15, 2025. The resolutions included the adoption of financial statements, reappointment of auditors, re-election of directors, and granting of mandates for share issuance and repurchase. This outcome reflects strong shareholder support and positions the company to continue its strategic initiatives with renewed governance and financial oversight.