Apex Ace Holding Ltd. (6036) AI Stock Analysis

Apex Ace Holding Ltd.

(HKEX:6036)

Select Model

Rating:62Neutral

Price Target:HKD 0.85▲(2.16% Upside)

Action:reiterated

Date:10/21/26

Strong financial performance from robust revenue and profit growth is the primary driver, tempered by cash flow volatility and leverage risks; attractive valuation provides support while weak technical momentum limits upside.

Positive Factors

Revenue GrowthRevenue grew about 56.5% year over year in 2025 after more modest 2024 growth and a 2023 dip, indicating renewed demand and scale. If sustained, this expansion can broaden the operating base and support stronger earnings capacity over the next several quarters.

Negative Factors

Thin MarginsGross margin of about 7.2% and net margin of roughly 1.2% leave limited protection against pricing pressure or cost increases. Such a narrow earnings buffer makes sustainable profitability more difficult and can cause modest operating changes to materially affect net income.

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 revenue growth to $5.7B and positive net income in 2025 supported by expanding margins, offset by high debt-to-equity of 2.79 and volatile cash flows.

Income Statement

85Very Positive

Balance Sheet

65Positive

Cash Flow

40Negative

Financial statement breakdown
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

Technical Analysis SentimentNegative

Last Price0.83

Price Trends

50DMA1.10Negative

100DMA1.21Negative

200DMA0.92Negative

Market Momentum

MACD-0.09Positive

RSI31.75Neutral

STOCH47.89Neutral

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

UnderperformOutperform

Sector (61)

Financial Indicators

HK:6036 against its peers
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%
HK:6036	62Neutral	HKD 897.72M	4.56	48.03%	―	132.39%	1195.68%
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:0400	44Neutral	HKD 5.35B	12.58	8.41%	―	81.43%	65.90%

* Technology Sector Average

Performance Comparison

HK:6036 and its peers over the selected period
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

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 attrib...

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 divi...

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 volu...

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: Oct 21, 2026

Apex Ace Holding Ltd. AI Stock Analysis