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Aeso Holding Limited (8341) AI Stock Analysis

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HK:8341

Aeso Holding Limited

(HKEX:8341)

Select Model
Rating:52Neutral
Price Target:HKD 0.16â–²(19.12% Upside)
Action:reiterated
Date:03/24/26

The score is held back mainly by weak financial quality—revenue decline, high leverage, and negative operating/free cash flow—despite accounting profitability. Technical indicators also point to soft near-term momentum. A very low P/E provides meaningful valuation support but is not enough to offset the financial and momentum risks.

Positive Factors
Profitability StabilizationSustained positive EBIT and net income across 2022–2025 signals that the core consulting business has moved into recurring profitability. Over 2–6 months this supports reinvestment capacity, credibility with clients and lenders, and a base for operational improvements even if top-line recovery is needed.
Negative Factors
Sustained Revenue DeclineTwo consecutive years of material revenue contraction, including a ~26.7% decline in 2025, point to structural demand or market-share challenges. Reduced top-line scale pressures fixed-cost absorption, limits pricing leverage, and raises the risk that profits and cash flow gains are not durable.

Aeso Holding Limited (8341) vs. iShares MSCI Hong Kong ETF (EWH)

-25%0%25%50%75%100%125%150%HK:8341+18.26%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 32.64M
Dividend Yield
―
Average Volume (3M)
49.46K
Price to Earnings (P/E)
2.7
Beta (1Y)
-0.18
Revenue Growth
-19.63%
EPS Growth
-31.69%
Country
Hong Kong
Employees
37
Sector
Industrials
Sector Strength
63
Industry
Engineering & Construction

Aeso Holding Limited Business Overview & Revenue Model

Company Description

Established in 2008 and headquartered in Sheung Wan, Hong Kong, Aeso Holding Limited operates as an investment holding company, providing comprehensive fitting-out and renovation contracting services across Hong Kong. The firm specializes in the inte...

Aeso Holding Limited Financial Statement Overview

Summary

Despite a turnaround to positive EBIT and net income (2022–2025), the financial profile is weakened by two straight years of revenue contraction, elevated leverage (debt-to-equity ~1.27), and poor cash quality with negative operating and free cash flow in 2024–2025.

Income Statement

58Neutral

Balance Sheet

46Neutral

Cash Flow

24Negative
Financial statement breakdown
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue260.32M168.95M210.22M239.69M262.62M218.01M
Gross Profit52.62M34.45M36.76M37.50M35.95M29.91M
EBITDA17.92M10.78M12.85M13.53M12.54M11.20M
Net Income7.73M4.33M5.91M8.11M8.26M8.16M
Balance Sheet
Total Assets188.50M188.50M161.18M172.95M120.03M115.61M
Cash, Cash Equivalents and Short-Term Investments13.50M37.99M35.67M37.01M16.91M18.09M
Total Debt63.56M63.56M65.98M58.25M39.98M35.13M
Total Liabilities115.64M115.64M109.44M127.11M82.30M87.50M
Stockholders Equity72.86M72.86M51.74M45.84M37.73M28.11M
Cash Flow
Free Cash Flow-5.37M0-563.00K-287.00K870.00K-19.30M
Operating Cash Flow-5.27M0-358.00K-278.00K1.36M-19.13M
Investing Cash Flow-1.48M0-197.00K-11.61M-5.47M735.00K
Financing Cash Flow4.74M0-1.38M15.31M2.60M18.31M

Aeso Holding Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price0.14

Price Trends

50DMA0.14Negative
100DMA0.15Negative
200DMA0.17Negative

Market Momentum

MACD-0.00Positive
RSI46.39Neutral
STOCH32.94Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8341, the sentiment is Negative. The current price of 0.14 is below the 20-day moving average (MA) of 0.14, below the 50-day MA of 0.14, and below the 200-day MA of 0.17, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 46.39 is Neutral, neither overbought nor oversold. The STOCH value of 32.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8341.

Aeso Holding Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

HK:8341 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:1650HK:165076OutperformHKD 340.00M30.786.98%5.46%12.20%7.84%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
HK:8341HK:834152NeutralHKD 32.64M2.6710.08%―-19.63%-31.69%
HK:8040HK:804050NeutralHKD 163.20M-16.97-27.66%―27.86%75.80%
HK:3893HK:389346NeutralHKD 1.41B-1.97436.38%―17.87%-306.00%
HK:1376HK:137642NeutralHKD 96.00M26.07-40.37%―――
HK:1867HK:186741NeutralHKD 283.86M-17.27-32.10%―-33.88%67.16%

* Industrials Sector Average

Performance Comparison

-50%0%50%100%HK:8341HK:1376HK:1650HK:1867HK:3893HK:8040Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:8341 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:8341Aeso Holding Limited0.140.0218.26%
HK:1376Raffles Interior Ltd.0.10-0.14-59.66%
HK:1650Hygieia Group Limited0.170.09104.82%
HK:1867Standard Development Group Limited0.19-0.09-32.14%
HK:3893CROSSTEC Group Holdings Ltd.1.330.4551.70%
HK:8040Coolpoint Innonism Holding Limited0.480.1860.00%
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: Mar 24, 2026