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YesAsia Holdings Limited
(2209)
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Rating:69Neutral
Price Target:
HK$3.00
â–¼(-15.97% Downside)
Action:Downgraded
Date:10/28/26
The score is driven primarily by solid financial performance from the post-2022 profitability turnaround and a very attractive valuation (low P/E and meaningful dividend yield). Offsetting these positives, technicals are weak with the price below key moving averages and negative MACD, and financial risk remains around cash flow consistency following the 2024 cash conversion shortfall.
Positive Factors
Profitability turnaround
The shift from losses in 2021–2022 to sustained profitability in 2023–2025 shows that the operating model has materially improved. Continued positive EBIT, EBITDA and net income provide a stronger base for reinvestment and resilience over the next several quarters.
Negative Factors
Cash-flow volatility
Uneven cash conversion weakens the reliability of reported earnings and can make internally funded growth less predictable. The 2025 recovery is encouraging, but another period of weak operating cash flow or negative free cash flow could restrict investment flexibility and financial resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability turnaround
The shift from losses in 2021–2022 to sustained profitability in 2023–2025 shows that the operating model has materially improved. Continued positive EBIT, EBITDA and net income provide a stronger base for reinvestment and resilience over the next several quarters.
Read all positive factors
YesAsia Holdings Limited (2209) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.21B
Dividend Yield3.46%
Average Volume (3M)242.34K
Price to Earnings (P/E)5.6
Beta (1Y)0.68
Revenue Growth31.51%
EPS Growth22.05%
CountryHK
Employees610
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)0.07
Shares Outstanding419,185,520
10 Day Avg. Volume248,337
30 Day Avg. Volume242,345
Financial Highlights & Ratios
PEG Ratio0.48
Price to Book (P/B)2.65
Price to Sales (P/S)0.42
P/FCF Ratio34.78
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)0.07
Revenue Forecast (FY)HK$672.00M
YesAsia Holdings Limited Business Overview & Revenue Model
Company Description
YesAsia Holdings Limited operates as a global e-commerce platform, specializing in the sourcing, marketing, and distribution of a diverse range of Asian fashion, lifestyle, beauty, and entertainment merchandise. The company facilitates online tran...
YesAsia Holdings Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 558.40M | 501.54M | 345.78M | 201.34M | 128.59M | 162.02M |
| Gross Profit | 162.93M | 148.50M | 105.39M | 62.70M | 42.73M | 55.62M |
| EBITDA | 52.86M | 43.13M | 31.90M | 15.49M | 1.27M | 4.65M |
| Net Income | 27.38M | 23.21M | 19.05M | 7.57M | -6.78M | -2.06M |
Balance Sheet | ||||||
| Total Assets | 192.37M | 163.74M | 120.57M | 74.48M | 63.72M | 69.89M |
| Cash, Cash Equivalents and Short-Term Investments | 20.71M | 22.74M | 15.53M | 25.18M | 18.80M | 36.47M |
| Total Debt | 35.09M | 34.62M | 22.80M | 12.18M | 15.46M | 12.76M |
| Total Liabilities | 99.29M | 83.69M | 67.58M | 39.43M | 36.59M | 33.60M |
| Stockholders Equity | 93.21M | 80.13M | 53.00M | 35.05M | 27.14M | 36.29M |
Cash Flow | ||||||
| Free Cash Flow | 19.89M | 6.10M | -1.27M | 8.21M | -9.51M | -1.33M |
| Operating Cash Flow | 18.24M | 12.76M | 1.95M | 8.99M | -5.08M | 252.00K |
| Investing Cash Flow | 1.26M | -10.61M | -3.10M | 1.38M | 993.00K | -10.04M |
| Financing Cash Flow | -18.03M | -1.55M | -7.51M | -1.95M | -8.19M | 10.81M |
YesAsia Holdings Limited Technical Analysis
Negative
3.57
Price Trends
3.33
Negative
3.15
Negative
3.16
Negative
Market Momentum
-0.12
Positive
36.21
Neutral
26.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2209, the sentiment is Negative. The current price of 3.57 is above the 20-day moving average (MA) of 3.11, above the 50-day MA of 3.33, and above the 200-day MA of 3.16, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 36.21 is Neutral, neither overbought nor oversold. The STOCH value of 26.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2209.
YesAsia Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$1.21B | 5.64 | 31.59% | 3.46% | 31.51% | 22.05% | |
67 Neutral | HK$273.63B | 15.81 | 6.63% | 3.91% | 7.53% | -57.52% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
52 Neutral | HK$1.93T | 21.28 | 7.04% | 1.06% | 8.06% | -48.95% | |
50 Neutral | HK$24.06B | 17.16 | 14.11% | 6.58% | 30.79% | -44.14% | |
48 Neutral | HK$317.37M | -14.39 | -8.54% | 1.32% | 73.16% | -10.80% | |
41 Neutral | HK$758.47M | -0.08 | 21.77% | 3.96% | -28.44% | 42.64% |
* Consumer Cyclical Sector Average
HK:2209
YesAsia Holdings Limited
2.89
-1.94
-40.19%
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YesAsia Holdings Limited Corporate Events
YesAsia Grants 1.45 Million Share Options to Employees Under Post-IPO Scheme
Oct 26, 2026
YesAsia Holdings Limited has granted 1,450,000 share options under its Post-IPO Share Option Scheme to seven employee participants, including one senior manager, at an exercise price of HK$3.06 per share. None of the grantees is a director, chief ...
YesAsia lifts quarterly orders and profit on higher-margin mix and cost gains
Oct 23, 2026
YesAsia Holdings reported a strong third-quarter 2026 business update, with total order amounts rising 24.9% year-on-year to US$157.5 million, driven by a 27.9% increase on its YesStyle platforms and a 19.0% gain in its ABW online and offline whol...
YesAsia Holdings to Publish Unaudited Interim Results for First Half of 2026
Aug 28, 2026
YesAsia Holdings Limited has released its unaudited consolidated interim results for the six months ended 30 June 2026, fulfilling Hong Kong listing requirements for preliminary interim disclosures. The full interim report, containing detailed fin...
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.