Asia Commercial Holdings Limited (0104) AI Stock Analysis

• Market Cap: HK$165.86M
• Dividend Yield: 11.85%
• Average Volume (3M): 79.63K
• Price to Earnings (P/E): 7.7
• Beta (1Y): 0.09
• Revenue Growth: -3.54%
• EPS Growth: -31.50%
• Country: HK
• Employees: 106
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): 0.04
• Shares Outstanding: 747,123,200
• 10 Day Avg. Volume: 16,015
• 30 Day Avg. Volume: 79,630
• PEG Ratio: -1.07
• Price to Book (P/B): 0.39
• Price to Sales (P/S): 0.24
• P/FCF Ratio: 1.67
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: HK$0.50 ▲(127.27% Upside)

The overall stock score reflects a strong valuation with a low P/E ratio and high dividend yield, making it attractive for value and income investors. Financial performance shows a positive trajectory with robust revenue growth and strong cash flow, though operational efficiency needs improvement. Technical analysis indicates a lack of bullish momentum, which is a concern for short-term investors.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand and effective business strategies, enhancing the company's market position and long-term prospects.

Cash Flow Generation

Robust cash flow generation provides financial flexibility, enabling the company to invest in growth opportunities and weather economic uncertainties.

Leverage Management

Improved leverage management reduces financial risk, enhancing the company's ability to sustain operations and invest in strategic initiatives.

Negative Factors

Profitability Decline

A decline in profitability can strain resources and limit reinvestment capacity, potentially impacting long-term growth and shareholder returns.

Decreased ROE

A modest ROE indicates challenges in generating returns on equity, which may affect investor confidence and the company's ability to attract capital.

Dividend Reduction

A reduced dividend signals caution and potential financial constraints, which might affect investor sentiment and the company's attractiveness to income-focused investors.

Asia Commercial Holdings Limited Business Overview & Revenue Model

Company Description

Asia Commercial Holdings Limited, an investment holding company, engages in the retail and wholesale of watches in Hong Kong, the People's Republic of China, and Switzerland. The company operates in two segments, Sale of Watches and Properties Leasing. It is also involved in the assembly and marketing of gold and jewelry watches; property holding, development, investment, and leasing activities; and brand development business. The company operates 6 stores in China. Asia Commercial Holdings Limited was incorporated in 1990 and is based in Wan Chai, Hong Kong.

How the Company Makes Money

Asia Commercial Holdings Limited generates revenue through multiple streams, primarily from rental income derived from its property investments, which include commercial and residential properties. Additionally, the company earns income from its logistics operations, providing warehousing and distribution services to various clients. The trading segment contributes to revenue by sourcing and selling consumer goods, leveraging partnerships with suppliers and distributors. Significant partnerships and contracts within these sectors enhance the company's operational capabilities and drive earnings growth.

Asia Commercial Holdings Limited Financial Statement Overview

Summary

Asia Commercial Holdings Limited demonstrates a strong recovery in revenue growth and maintains healthy profit margins. The balance sheet shows improved leverage and a stable equity position, though profitability metrics like ROE have declined. Cash flow generation is a key strength, providing the company with financial flexibility. Overall, the company is on a positive trajectory, but attention to improving operational efficiency and profitability is needed.

Income Statement

The company has shown a strong revenue growth rate of 58.6% in the latest year, indicating a robust recovery. Gross profit margin is healthy at 32.8%, and the net profit margin has improved to 3.4%. However, the EBIT and EBITDA margins have slightly decreased compared to previous years, suggesting some operational challenges.

Balance Sheet

The debt-to-equity ratio has improved to 0.37, indicating better leverage management. Return on equity is modest at 5.5%, reflecting moderate profitability. The equity ratio stands at 61.9%, showing a stable financial structure. However, the overall return on equity has decreased over the years, which could be a concern for long-term profitability.

Cash Flow

Free cash flow growth is strong at 21.8%, and the free cash flow to net income ratio is nearly 1, indicating efficient cash generation relative to profits. The operating cash flow to net income ratio is 0.43, showing a solid cash conversion. Overall, the cash flow position is robust, supporting the company's financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	709.37M	709.37M	705.40M	710.59M	784.82M	1.16B
Gross Profit	232.51M	232.51M	234.37M	228.86M	225.08M	232.14M
EBITDA	74.23M	95.99M	105.49M	124.98M	164.98M	138.29M
Net Income	24.46M	24.46M	26.20M	43.65M	83.82M	58.54M
Balance Sheet
Total Assets	712.98M	712.98M	772.61M	820.98M	869.88M	814.73M
Cash, Cash Equivalents and Short-Term Investments	179.32M	179.32M	164.96M	194.47M	207.66M	131.17M
Total Debt	165.49M	165.49M	205.66M	229.57M	259.10M	260.33M
Total Liabilities	271.01M	271.01M	328.09M	360.28M	401.41M	405.99M
Stockholders Equity	441.97M	441.97M	444.52M	460.71M	468.48M	413.60M
Cash Flow
Free Cash Flow	102.97M	102.97M	67.67M	80.27M	148.00M	129.98M
Operating Cash Flow	103.31M	103.31M	70.49M	92.15M	167.34M	133.27M
Investing Cash Flow	-8.82M	-12.18M	-9.10M	-22.54M	6.96M	-1.28M
Financing Cash Flow	-73.16M	-80.38M	-82.39M	-67.80M	-103.80M	-71.52M

Asia Commercial Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.22
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0104, the sentiment is Negative. The current price of 0.22 is below the 20-day moving average (MA) of 0.23, below the 50-day MA of 0.23, and below the 200-day MA of 0.22, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 31.27 is Neutral, neither overbought nor oversold. The STOCH value of 20.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0104.

Asia Commercial Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1861	77 Outperform	HK$500.58M	7.97	17.60%	2.76%	17.38%	15.93%
0104	69 Neutral	HK$165.86M	7.74	4.64%	11.85%	-3.54%	-31.50%
0915	65 Neutral	HK$73.97M	5.80	12.58%	―	-16.59%	20.55%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
1572	54 Neutral	HK$167.36M	-237.50	-0.06%	―	-14.12%	-104.76%
1020	50 Neutral	HK$2.08B	-39.29	-363.59%	―	-37.11%	-223.08%
0620	39 Underperform	HK$448.57M	-13.07	-3.08%	―	-33.28%	91.18%

Asia Commercial Holdings Limited Corporate Events

Asia Commercial Holdings Reports Decline in Interim Revenue and Profit

Asia Commercial Holdings Limited reported its unaudited interim results for the six months ended September 30, 2025. The company experienced a 9% decrease in revenue and an 8% decline in profit attributable to owners compared to the same period last year. Despite these decreases, the company’s equity attributable to owners increased by 52%. The interim financial results have been reviewed by the company’s audit committee.

The most recent analyst rating on (HK:0104) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Asia Commercial Holdings Limited stock, see the HK:0104 Stock Forecast page.

Asia Commercial Holdings to Announce Interim Results

Asia Commercial Holdings Limited has announced that its Board of Directors will hold a meeting on November 25, 2025, to approve the interim results for the six months ending September 30, 2025. This meeting is significant as it will provide insights into the company’s financial performance and could impact its market positioning and stakeholder interests.

The most recent analyst rating on (HK:0104) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Asia Commercial Holdings Limited stock, see the HK:0104 Stock Forecast page.