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Apex Ace Holding Ltd.
(6036)
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Rating:52Neutral
Price Target:
HK$1.00
â–¼(-18.03% Downside)
Action:Reiterated
Date:09/08/26
The score is held back mainly by financial quality concerns—high leverage and, most importantly, negative operating/free cash flow in 2025 despite improved reported profitability. Technical indicators also remain weak with the price below key moving averages and negative MACD. The main offset is valuation, with a low P/E suggesting the stock is priced cheaply relative to earnings.
Positive Factors
Revenue Growth
Revenue rose about 56.5% year over year in 2025 after weaker prior periods, indicating renewed demand and scale. If sustained, this rebound can broaden the operating base and support stronger earnings capacity, although the distributor remains exposed to margin discipline.
Negative Factors
Thin Profit Margins
Net margin was only about 1.2% in 2025, with gross margin around 7.2%, leaving limited room to absorb pricing pressure or cost increases. Such thin profitability makes earnings less resilient and constrains internally funded investment through the cycle.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Revenue rose about 56.5% year over year in 2025 after weaker prior periods, indicating renewed demand and scale. If sustained, this rebound can broaden the operating base and support stronger earnings capacity, although the distributor remains exposed to margin discipline.
Read all positive factors
Apex Ace Holding Ltd. (6036) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.29B
Dividend Yield2.41%
Average Volume (3M)1.23M
Price to Earnings (P/E)6.6
Beta (1Y)0.10
Revenue Growth132.39%
EPS Growth1195.68%
CountryHK
Employees114
SectorTechnology
Sector Strength88
IndustryTechnology Distributors
Share Statistics
EPS (TTM)0.18
Shares Outstanding1,075,110,000
10 Day Avg. Volume543,500
30 Day Avg. Volume1,230,833
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.34
Price to Sales (P/S)0.08
P/FCF Ratio-3.09
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
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...
Apex Ace Holding Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
43
Neutral
Cash Flow
28
Negative
| 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 | 350.81M | 182.34M | 49.45M | 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 | 448.71M | 341.94M | 289.31M | 280.62M | 311.16M | 304.83M |
Cash Flow | ||||||
| Free Cash Flow | -16.04M | -148.79M | 254.97M | -280.65M | 25.83M | 1.73M |
| Operating Cash Flow | -3.91M | -135.71M | 256.60M | -279.55M | 27.83M | 3.57M |
| Investing Cash Flow | -13.21M | -13.09M | -4.88M | -1.73M | -15.16M | -1.84M |
| Financing Cash Flow | 132.21M | 223.13M | -234.62M | 278.63M | -64.45M | 46.16M |
Apex Ace Holding Ltd. Technical Analysis
Positive
1.22
Price Trends
1.30
Negative
1.19
Positive
0.82
Positive
Market Momentum
-0.05
Positive
45.24
Neutral
25.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6036, the sentiment is Positive. The current price of 1.22 is below the 20-day moving average (MA) of 1.28, below the 50-day MA of 1.30, and above the 200-day MA of 0.82, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 45.24 is Neutral, neither overbought nor oversold. The STOCH value of 25.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:6036.
Apex Ace Holding Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$1.13B | 5.01 | 12.36% | 1.54% | 12.17% | 331.64% | |
75 Outperform | HK$13.63B | 7.91 | 16.01% | 4.40% | 10.80% | 37.32% | |
74 Outperform | HK$231.00M | 22.12 | 5.93% | 1.21% | -32.77% | 337.65% | |
65 Neutral | HK$472.54M | 9.59 | 1.66% | 1.22% | 6.08% | -86.65% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | HK$7.94B | 17.97 | 8.41% | 2.94% | 81.43% | 65.90% | |
52 Neutral | HK$1.29B | 6.56 | 47.43% | 2.41% | 132.39% | 1195.68% |
* Technology Sector Average
HK:6036
Apex Ace Holding Ltd.
1.20
0.73
155.32%
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1.70
-0.02
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-1.18%
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88.37%
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SiS Mobile Holdings Limited
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135.71%
Apex Ace Holding Ltd. Corporate Events
Apex Ace Posts Surging Interim Profit on Strong Revenue Growth
Aug 20, 2026
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 att...
Apex Ace Sets August Board Meeting to Approve Interim Results and Consider Dividend
Aug 10, 2026
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 d...
Apex Ace forecasts surge in interim profit on stronger market demand
Aug 3, 2026
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 v...
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.