Asia Standard International Group Limited (HK:0129)
:0129
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Asia Standard International Group
(0129)
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Rating:42Neutral
Price Target:
HK$0.19
▼(-22.40% Downside)
Action:Reiterated
Date:01/06/26
The score is driven primarily by weak financial performance, including steep revenue decline, heavy losses, and high leverage with negative ROE. Technical indicators are also bearish with the price below key moving averages and a negative MACD, though oversold RSI/Stoch slightly temper the downside. Valuation is constrained by negative earnings (negative P/E) and no dividend yield data.
Positive Factors
Diversified business model
Asia Standard's exposure across development, investment properties, hotel operations, financial investments and lending gives multiple structural earnings streams. This diversification smooths cash flow cyclicality inherent in development and supports resilience through different property and financial cycles over months.
Negative Factors
High leverage & weak ROE
Material leverage combined with markedly negative ROE constrains strategic flexibility: high debt levels raise refinancing and interest-service risk, and negative returns on equity indicate capital is not generating shareholder value, making recovery and deleveraging more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model
Asia Standard's exposure across development, investment properties, hotel operations, financial investments and lending gives multiple structural earnings streams. This diversification smooths cash flow cyclicality inherent in development and supports resilience through different property and financial cycles over months.
Read all positive factors
Asia Standard International Group (0129) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$268.50M
Dividend YieldN/A
Average Volume (3M)440.97K
Price to Earnings (P/E)―
Beta (1Y)0.54
Revenue Growth154.99%
EPS Growth32.20%
CountryHK
Employees240
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-2.75
Shares Outstanding1,420,635,400
10 Day Avg. Volume214,591
30 Day Avg. Volume440,972
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.04
Price to Sales (P/S)0.18
P/FCF Ratio0.21
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
Asia Standard International Group Business Overview & Revenue Model
Company Description
Asia Standard International Group Limited functions as an investment holding enterprise with a primary focus on real estate. Its core operations involve the acquisition, development, and management of various property types, including commercial, ...
How the Company Makes Money
The company makes money primarily through (1) property-related income and gains: revenue and profit from developing properties for sale (recognized when properties are sold/handed over, depending on accounting treatment) and recurring rental and p...
Asia Standard International Group Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
45
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.04B | 2.41B | 1.74B | 2.07B | 2.46B | 2.38B |
| Gross Profit | 1.44B | 1.54B | 1.58B | 1.82B | 2.27B | 1.99B |
| EBITDA | 1.11B | -2.73B | -5.47B | 1.67B | 2.17B | 1.88B |
| Net Income | -3.71B | -3.75B | -5.79B | 801.41M | 1.35B | 727.98M |
Balance Sheet | ||||||
| Total Assets | 27.37B | 30.93B | 34.14B | 37.90B | 42.32B | 38.24B |
| Cash, Cash Equivalents and Short-Term Investments | 3.82B | 2.01B | 3.43B | 7.05B | 12.69B | 15.04B |
| Total Debt | 14.74B | 15.94B | 17.76B | 16.55B | 17.25B | 18.29B |
| Total Liabilities | 15.74B | 19.23B | 19.46B | 17.93B | 19.70B | 19.38B |
| Stockholders Equity | 11.62B | 11.69B | 14.45B | 19.44B | 21.72B | 18.23B |
Cash Flow | ||||||
| Free Cash Flow | 3.55B | 2.11B | -1.06B | -912.57M | 137.83M | 997.16M |
| Operating Cash Flow | 3.59B | 2.16B | -1.02B | -858.21M | 230.57M | 1.07B |
| Investing Cash Flow | 266.83M | -351.54M | -193.44M | 41.28M | -48.67M | -1.61B |
| Financing Cash Flow | -2.41B | -1.91B | 1.22B | -758.77M | -1.09B | 1.74B |
Asia Standard International Group Technical Analysis
Negative
0.25
Price Trends
0.20
Negative
0.21
Negative
0.25
Negative
Market Momentum
>-0.01
Positive
28.02
Positive
24.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0129, the sentiment is Negative. The current price of 0.25 is above the 20-day moving average (MA) of 0.19, above the 50-day MA of 0.20, and above the 200-day MA of 0.25, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 28.02 is Positive, neither overbought nor oversold. The STOCH value of 24.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0129.
Asia Standard International Group Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | HK$1.40B | 12.19 | 1.10% | ― | -7.70% | 101.92% | |
51 Neutral | HK$54.00M | -14.90 | -2.51% | ― | -45.97% | -380.00% | |
48 Neutral | HK$319.68M | 56.00 | 44.48% | ― | ― | ― | |
46 Neutral | HK$143.00M | -0.60 | -12.41% | ― | -25.00% | -209.09% | |
45 Neutral | HK$90.69M | -2.40 | -3218.89% | ― | ― | 60.85% | |
42 Neutral | HK$268.50M | -0.06 | -31.83% | ― | 154.99% | 32.20% |
* Financial Sector Average
HK:0129
Asia Standard International Group
0.17
-0.14
-45.08%
HK:1140
Wealthking Investments Limited
0.13
0.04
47.13%
HK:0174
Gemini Investments (Holdings) Limited
0.23
0.01
5.63%
HK:0310
Prosperity Investment Holdings Limited
0.13
0.03
34.00%
HK:0339
Core Economy Investment Group Limited
0.70
0.60
586.27%
HK:8313
ZACD Group Ltd.
0.03
<0.01
42.11%
Asia Standard International Group Corporate Events
Asia Standard International Tightens Nomination Committee Governance Rules
Mar 25, 2026
Asia Standard International Group has updated the terms of reference for its Nomination Committee, refining its composition, authority and responsibilities to align with evolving governance standards. The committee must now have a majority of inde...
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.