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Apex Ace Holding Ltd. (HK:6036)
:6036
Hong Kong Market
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Apex Ace Holding Ltd. (6036) AI Stock Analysis

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HK:6036

Apex Ace Holding Ltd.

(6036)

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Neutral 52 (OpenAI - Gpt-5.6Sol)
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)

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
Strong 2025 revenue rebound and improved profitability, but structurally thin margins (~1.2% net) limit resilience. Balance-sheet leverage is high and rising (debt-to-equity ~2.79), and the biggest drawback is cash-flow deterioration: operating and free cash flow turned negative in 2025 after being strong in 2024, raising liquidity/working-capital risk.
Income Statement
62
Positive
Balance Sheet
43
Neutral
Cash Flow
28
Negative
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue8.50B5.72B3.05B2.53B2.69B2.64B
Gross Profit618.33M413.87M177.71M164.00M114.88M226.07M
EBITDA350.81M182.34M49.45M43.62M-2.02M42.88M
Net Income189.86M66.56M6.72M-16.16M-32.44M6.74M
Balance Sheet
Total Assets2.86B1.90B1.29B1.35B1.01B1.09B
Cash, Cash Equivalents and Short-Term Investments213.60M239.88M141.70M96.52M99.56M143.74M
Total Debt1.70B980.60M672.45M828.16M508.51M539.77M
Total Liabilities2.40B1.49B968.70M1.03B670.88M753.77M
Stockholders Equity448.71M341.94M289.31M280.62M311.16M304.83M
Cash Flow
Free Cash Flow-16.04M-148.79M254.97M-280.65M25.83M1.73M
Operating Cash Flow-3.91M-135.71M256.60M-279.55M27.83M3.57M
Investing Cash Flow-13.21M-13.09M-4.88M-1.73M-15.16M-1.84M
Financing Cash Flow132.21M223.13M-234.62M278.63M-64.45M46.16M

Apex Ace Holding Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.22
Price Trends
50DMA
1.30
Negative
100DMA
1.19
Positive
200DMA
0.82
Positive
Market Momentum
MACD
-0.05
Positive
RSI
45.24
Neutral
STOCH
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

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
HK$1.13B5.0112.36%1.54%12.17%331.64%
75
Outperform
HK$13.63B7.9116.01%4.40%10.80%37.32%
74
Outperform
HK$231.00M22.125.93%1.21%-32.77%337.65%
65
Neutral
HK$472.54M9.591.66%1.22%6.08%-86.65%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
57
Neutral
HK$7.94B17.978.41%2.94%81.43%65.90%
52
Neutral
HK$1.29B6.5647.43%2.41%132.39%1195.68%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:6036
Apex Ace Holding Ltd.
1.20
0.73
155.32%
HK:0529
SiS International Holdings
1.70
-0.02
-0.87%
HK:0856
VSTECS Holdings Limited
9.49
-0.11
-1.18%
HK:0400
Cogobuy Group
4.86
2.28
88.37%
HK:0595
AV Concept Holdings Limited
1.30
0.91
233.76%
HK:1362
SiS Mobile Holdings Limited
0.83
0.48
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.Date of analysis: Sep 08, 2026