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Apex Ace Holding Ltd. (6036) AI Stock Analysis
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Apex Ace Holding Ltd.
(HKEX:6036)
The score is held back primarily by weak financial quality (negative 2025 operating/free cash flow and high leverage in a thin-margin model) and bearish technicals (below key moving averages with negative MACD). A low P/E provides meaningful valuation support, but it does not fully offset the cash-flow and balance-sheet risks alongside the current downtrend.
Apex Ace Holding Ltd. (6036) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 880.09M
- Dividend Yield
- ―
- Average Volume (3M)
- 715.03K
- Price to Earnings (P/E)
- 4.6
- Beta (1Y)
- 0.23
- Revenue Growth
- 132.39%
- EPS Growth
- 1195.68%
- Country
- Hong Kong
- Employees
- 114
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Technology Distributors
Apex Ace Holding Ltd. Business Overview & Revenue Model
Company Description
Established in 2005 and headquartered in Kowloon, Hong Kong, Apex Ace Holding Limited functions as an investment holding company with a primary focus on distributing semiconductors and other electronic components. The company serves clients across th...
Apex Ace Holding Ltd. Financial Statement Overview
Summary
Strong 2025 revenue rebound and improved profitability, but the model runs on very thin margins and carries elevated, rising leverage (debt-to-equity ~2.79). The biggest drag is cash flow: operating and free cash flow turned negative in 2025, raising concerns about earnings quality and working-capital pressure.
Income Statement
62PositiveBalance Sheet
43NeutralCash Flow
28Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.50B | 5.72B | 3.05B | 2.53B | 2.69B | 2.64B |
| Gross Profit | 618.33M | 413.87M | 177.71M | 164.00M | 114.88M | 226.07M |
| EBITDA | 352.89M | 193.09M | 53.90M | 43.62M | -2.02M | 42.88M |
| Net Income | 189.86M | 66.56M | 6.72M | -16.16M | -32.44M | 6.74M |
Balance Sheet | ||||||
| Total Assets | 2.86B | 1.90B | 1.29B | 1.35B | 1.01B | 1.09B |
| Cash, Cash Equivalents and Short-Term Investments | 213.60M | 239.88M | 141.70M | 96.52M | 99.56M | 143.74M |
| Total Debt | 1.70B | 980.60M | 672.45M | 828.16M | 508.51M | 539.77M |
| Total Liabilities | 2.40B | 1.49B | 968.70M | 1.03B | 670.88M | 753.77M |
| Stockholders Equity | 438.71M | 341.94M | 289.31M | 280.62M | 311.16M | 304.83M |
Cash Flow | ||||||
| Free Cash Flow | -587.72M | -148.79M | 254.97M | -280.65M | 25.83M | 1.73M |
| Operating Cash Flow | -574.66M | -135.71M | 256.60M | -279.55M | 27.83M | 3.57M |
| Investing Cash Flow | -123.01M | -13.09M | -4.88M | -1.73M | -15.16M | -1.84M |
| Financing Cash Flow | 826.68M | 223.13M | -234.62M | 278.63M | -64.45M | 46.16M |
Apex Ace Holding Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6036, the sentiment is Negative. The current price of 0.83 is below the 20-day moving average (MA) of 0.96, below the 50-day MA of 1.10, and below the 200-day MA of 0.92, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 31.75 is Neutral, neither overbought nor oversold. The STOCH value of 47.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6036.
Apex Ace Holding Ltd. Peers Comparison
Overall Rating
HK:136274Outperform
HK:085666Neutral
HK:059560Neutral
HK:052957Neutral- HK:603651Neutral
HK:040044Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:1362 | 74Outperform | HKD 231.00M | 22.12 | 5.93% | 1.21% | -32.77% | 337.65% |
| HK:0856 | 66Neutral | HKD 11.05B | 6.41 | 16.01% | 5.43% | 10.80% | 37.32% |
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| HK:0595 | 60Neutral | HKD 1.07B | 4.71 | 12.36% | 1.64% | 12.17% | 331.64% |
| HK:0529 | 57Neutral | HKD 465.59M | 9.59 | 1.66% | 1.24% | 6.08% | -86.65% |
| HK:6036 | 51Neutral | HKD 897.72M | 4.56 | 48.03% | ― | 132.39% | 1195.68% |
| HK:0400 | 44Neutral | HKD 5.35B | 12.58 | 8.41% | ― | 81.43% | 65.90% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:6036 | Apex Ace Holding Ltd. | 0.83 | 0.40 | 91.95% | |
| HK:0529 | SiS International Holdings | 1.68 | -0.30 | -15.06% | |
| HK:0856 | VSTECS Holdings Limited | 7.70 | -1.58 | -17.06% | |
| HK:0400 | Cogobuy Group | 3.27 | 0.44 | 15.72% | |
| HK:0595 | AV Concept Holdings Limited | 1.22 | 0.82 | 206.53% | |
| HK:1362 | SiS Mobile Holdings Limited | 0.82 | 0.34 | 68.71% |
Apex Ace Holding Ltd. Corporate Events
Apex Ace Posts Surging Interim Profit on Strong Revenue Growth
Apex Ace Holding Limited reported unaudited interim results for the six months ended 30 June 2026, showing revenue of HK$4,972.8 million, a 126.3% increase from the prior-year period, and gross profit of HK$316.0 million, up 183.3%. Net profit attrib...
Apex Ace Sets August Board Meeting to Approve Interim Results and Consider Dividend
Apex Ace Holding Limited has scheduled a board meeting for 20 August 2026 in Hong Kong to review and approve the unaudited interim results for the six months ended 30 June 2026. The board will also consider the possible declaration of an interim divi...
Apex Ace forecasts surge in interim profit on stronger market demand
Apex Ace Holding Ltd., a Hong Kong-listed technology distributor, reported a sharp improvement in interim profitability on the back of stronger market demand. The group’s core trading and distribution operations benefited from higher sales volu...
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.
Date of analysis: Oct 21, 2026