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Alco Holdings (HK:0328)
:0328
Hong Kong Market
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Alco Holdings (0328) AI Stock Analysis

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HK:0328

Alco Holdings

(0328)

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Neutral 41 (OpenAI - 4o)
Rating:41Neutral
Price Target:
HK$3.00
▲(1.01% Upside)
Alco Holdings' overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues, persistent losses, and liquidity issues. The technical analysis suggests some short-term support, but the overall trend remains bearish. The valuation metrics further highlight the company's financial struggles, with a negative P/E ratio and no dividend yield. These factors collectively result in a low stock score, indicating significant risks for potential investors.

Alco Holdings (0328) vs. iShares MSCI Hong Kong ETF (EWH)

Alco Holdings Business Overview & Revenue Model

Company DescriptionAlco Holdings Limited (0328) is a Hong Kong-based investment holding company primarily engaged in the manufacturing and trading of garments and related products. The company operates through various sectors including apparel, textiles, and real estate investments, offering a range of products from casual wear to formal attire. Alco Holdings also focuses on developing and maintaining relationships with international retailers and brands to enhance its market presence.
How the Company Makes MoneyAlco Holdings generates revenue primarily through the manufacturing and export of garments, which constitutes a significant portion of its income. The company operates on a business-to-business model, supplying products to various international retailers and brands, thus benefiting from bulk orders and long-term contracts. Additionally, Alco Holdings has income streams from its real estate investments, where it leases properties and earns rental income. Strategic partnerships with global clothing brands and retailers further enhance its revenue, allowing the company to leverage economies of scale and optimize production costs.

Alco Holdings Financial Statement Overview

Summary
Alco Holdings faces significant financial challenges across all verticals. The income statement shows declining revenues and persistent losses, the balance sheet highlights financial instability with negative equity, and the cash flow statement indicates liquidity issues. The company needs to address these critical areas to improve its financial health and sustainability.
Income Statement
20
Very Negative
Alco Holdings has experienced significant revenue decline over the years, with a negative revenue growth rate of -11.66% in the latest period. The company has consistently reported negative net profit margins, with the most recent being -64.71%. This indicates substantial losses relative to revenue. The gross profit margin is also low at 5.16%, reflecting challenges in cost management or pricing strategy. Overall, the income statement reflects a struggling financial performance with declining revenues and persistent losses.
Balance Sheet
15
Very Negative
The balance sheet reveals a concerning financial structure with negative stockholders' equity, resulting in an undefined debt-to-equity ratio. The return on equity is positive due to the negative equity, but this is misleading as it reflects significant losses. The equity ratio is negative, indicating that liabilities exceed assets, which is a critical financial risk. Overall, the balance sheet highlights financial instability and high leverage, posing significant risks to the company's solvency.
Cash Flow
25
Negative
Cash flow analysis shows negative operating and free cash flows, indicating that the company is not generating sufficient cash from its operations. The free cash flow growth rate is positive at 45.34%, but this is due to a smaller negative cash flow compared to the previous period. The operating cash flow to net income ratio is negative, suggesting inefficiencies in converting income into cash. Overall, the cash flow statement reflects liquidity challenges and operational inefficiencies.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue112.43M99.31M148.42M89.32M542.41M1.28B
Gross Profit8.95M5.12M8.86M-10.95M-111.81M-72.46M
EBITDA-582.95M-48.11M13.26M-78.38M-313.55M-324.61M
Net Income-595.36M-64.27M600.69M-502.19M-594.36M-360.46M
Balance Sheet
Total Assets178.38M179.49M182.41M283.29M833.78M1.36B
Cash, Cash Equivalents and Short-Term Investments9.08M10.06M23.86M2.39M10.20M98.15M
Total Debt85.58M97.58M85.58M156.31M750.98M621.38M
Total Liabilities257.81M244.19M269.94M1.08B1.11B1.03B
Stockholders Equity-78.78M-64.04M-72.58M-788.65M-272.27M330.82M
Cash Flow
Free Cash Flow-67.76M-98.49M-69.47M-1.14M-169.45M-265.79M
Operating Cash Flow-67.76M-96.56M-69.47M-157.00K-138.98M-234.83M
Investing Cash Flow-120.00K-2.05M3.65M10.97M-29.25M6.02M
Financing Cash Flow2.14M78.63M96.07M-17.11M82.93M219.06M

Alco Holdings Technical Analysis

Technical Analysis Sentiment
Positive
Last Price2.97
Price Trends
50DMA
4.08
Negative
100DMA
3.45
Negative
200DMA
2.40
Positive
Market Momentum
MACD
-0.25
Negative
RSI
47.88
Neutral
STOCH
51.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0328, the sentiment is Positive. The current price of 2.97 is above the 20-day moving average (MA) of 2.73, below the 50-day MA of 4.08, and above the 200-day MA of 2.40, indicating a neutral trend. The MACD of -0.25 indicates Negative momentum. The RSI at 47.88 is Neutral, neither overbought nor oversold. The STOCH value of 51.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0328.

Alco Holdings Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
66
Neutral
HK$344.60M10.024.39%10.62%-0.88%7.28%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
54
Neutral
€289.57M-8.02-6.99%10.45%-6.75%-310.42%
45
Neutral
HK$598.10M-16.40%4.61%0.48%-86.42%
41
Neutral
HK$170.12M-1.00-33.09%-107.58%
40
Neutral
HK$1.40B
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0328
Alco Holdings
2.97
-20.20
-87.18%
HK:0099
Wong's International Holdings
1.25
0.19
17.92%
HK:0167
IDT International Limited
3.30
1.68
103.70%
HK:0927
Fujikon Industrial Holdings Limited
0.67
0.02
2.60%
HK:0176
Superactive Group Company Limited
0.01
-0.01
-48.00%
HK:0912
Suga International Holdings Limited
1.13
-0.03
-2.59%

Alco Holdings Corporate Events

Alco Holdings Announces Major Property Disposal in Hong Kong
Nov 18, 2025

Alco Holdings, through its subsidiary WINDOM LIMITED, has entered into a major transaction involving the sale of a property located in Sha Tin, Hong Kong, for HK$90,000,000. This disposal is classified as a major transaction under the Hong Kong Stock Exchange Listing Rules, requiring shareholder approval. The transaction is expected to impact the company’s financial standing and market position, with a special general meeting (SGM) scheduled for shareholder approval. The property, acquired in 2017, includes office premises and parking spaces, and the sale is structured with a deposit and balance payment upon completion.

The most recent analyst rating on (HK:0328) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Alco Holdings stock, see the HK:0328 Stock Forecast page.

Alco Holdings’ Rights Issue Undersubscribed; Plans for Unsubscribed Shares Announced
Oct 31, 2025

Alco Holdings Limited announced the results of its Rights Issue, which offered 45,822,744 Rights Shares at HK$3.24 per share. The Rights Issue was significantly undersubscribed, with only 16.36% of the shares accepted, leaving 38,326,202 shares unsubscribed. The company plans to place these unsubscribed shares with independent Placees through a Placing Agreement. The outcome of this arrangement will impact the company’s financial position and shareholder value, as any premium gained will be distributed to certain shareholders. Shareholders and investors are advised to exercise caution due to the conditional nature of the Rights Issue and Placing.

The most recent analyst rating on (HK:0328) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Alco Holdings stock, see the HK:0328 Stock Forecast page.

Alco Holdings Clarifies Stock Valuation in Recent Announcement
Sep 26, 2025

Alco Holdings Limited, a company incorporated in Bermuda, issued a clarification regarding typographical errors in a previous announcement related to its stock value. The company corrected the theoretical value of each board lot of its adjusted shares, assuming the capital reorganization becomes effective, to be HK$8,000. This clarification ensures accurate information for stakeholders regarding the company’s stock valuation.

The most recent analyst rating on (HK:0328) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Alco Holdings stock, see the HK:0328 Stock Forecast page.

Alco Holdings Announces Capital Reorganization to Meet Trading Requirements
Sep 25, 2025

Alco Holdings Limited has announced a proposed capital reorganization to comply with the Hong Kong Stock Exchange’s trading requirements. The company plans to implement a share consolidation to address the issue of its shares trading below the required board lot value, which is expected to adjust the trading price and value per board lot upward.

The most recent analyst rating on (HK:0328) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Alco Holdings stock, see the HK:0328 Stock Forecast page.

Alco Holdings Secures Shareholder Approval for Capital Reorganisation and Rights Issue
Sep 23, 2025

Alco Holdings Limited announced the successful approval of all proposed resolutions during its Special General Meeting held on September 23, 2025. The resolutions included a Capital Reorganisation and a Rights Issue, both of which received unanimous support from shareholders. The approval of these resolutions is expected to significantly impact the company’s capital structure and facilitate future growth opportunities, enhancing its competitive position in the electronics market.

The most recent analyst rating on (HK:0328) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Alco Holdings stock, see the HK:0328 Stock Forecast page.

Alco Holdings Appoints New Independent Director
Sep 17, 2025

Alco Holdings Limited has announced the appointment of Mr. Liu Liheng as an independent non-executive director. Mr. Liu has confirmed his independence according to the Listing Rules and has no financial or other interests in the company or its subsidiaries. This appointment does not alter any previously disclosed information.

The most recent analyst rating on (HK:0328) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Alco Holdings stock, see the HK:0328 Stock Forecast page.

Alco Holdings Explores Blockchain Cooperation with Shenzhen Guoying Qianfeng
Sep 17, 2025

Alco Holdings Limited has announced a memorandum of understanding with Shenzhen Guoying Qianfeng Investment Holdings to explore cooperation in the realm of Real World Assets and blockchain technology. This partnership aims to enhance the digital leasing business, focusing on asset tokenization and innovative financing models, which could potentially increase liquidity and value discovery in the international market. The agreement is not legally binding but sets the stage for future negotiations.

The most recent analyst rating on (HK:0328) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Alco Holdings stock, see the HK:0328 Stock Forecast page.

Alco Holdings Appoints New Independent Non-Executive Director
Sep 11, 2025

Alco Holdings Limited, a company incorporated in Bermuda, has announced the appointment of Mr. Liu Liheng as an independent non-executive director effective from September 11, 2025. Mr. Liu brings over 20 years of business management experience, having founded and led an internet technology company and engaged in various industries including enterprise management consulting and artificial intelligence technology. His appointment is expected to strengthen the company’s board with his extensive industry knowledge and management expertise. Mr. Liu’s remuneration has been set at a monthly fee of HK$15,000, determined by the board with reference to market rates and his qualifications.

The most recent analyst rating on (HK:0328) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Alco Holdings stock, see the HK:0328 Stock Forecast page.

Alco Holdings Announces Board Composition and Roles
Sep 11, 2025

Alco Holdings Limited has announced the composition of its board of directors, highlighting the roles and functions of each member. The board consists of executive, non-executive, and independent non-executive directors, with specific members assigned to the audit, remuneration, and nomination committees. This announcement provides clarity on the governance structure of the company, potentially impacting its strategic direction and operational oversight.

The most recent analyst rating on (HK:0328) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Alco Holdings stock, see the HK:0328 Stock Forecast page.

Alco Holdings Announces Director Resignation
Sep 3, 2025

Alco Holdings Limited announced the resignation of Mr. Deng Chaowen as an independent non-executive director, effective September 3, 2025, due to his other business commitments. The company expressed gratitude for Mr. Deng’s contributions and confirmed there are no disagreements or issues related to his departure.

The most recent analyst rating on (HK:0328) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Alco Holdings stock, see the HK:0328 Stock Forecast page.

Alco Holdings Announces Board Composition and Committee Roles
Sep 3, 2025

Alco Holdings Limited has announced the composition of its board of directors, including executive, non-executive, and independent non-executive members. The board has established three committees—Audit, Remuneration, and Nomination—with defined roles for each director, potentially impacting the company’s governance and strategic direction.

The most recent analyst rating on (HK:0328) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Alco Holdings stock, see the HK:0328 Stock Forecast page.

Alco Holdings Addresses Liquidity Concerns with Strategic Measures
Sep 3, 2025

Alco Holdings Limited has provided updates on its efforts to address the going concern issues highlighted in its 2025 Annual Report. The company is negotiating with banks for debt restructuring and extending banking facilities, actively communicating with creditors, and exploring fundraising opportunities to alleviate liquidity pressures. Additionally, Alco is implementing cost-control measures to improve its financial position.

The most recent analyst rating on (HK:0328) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Alco Holdings stock, see the HK:0328 Stock Forecast page.

Alco Holdings Announces Capital Reorganization Plan
Sep 1, 2025

Alco Holdings Limited has announced a special general meeting to discuss and approve a significant capital reorganization plan. This plan involves consolidating every ten existing shares into one, reducing the issued share capital, and subsequently subdividing the authorized but unissued shares. The reorganization aims to streamline the company’s capital structure and enhance operational flexibility, potentially impacting shareholder value and market positioning.

The most recent analyst rating on (HK:0328) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Alco Holdings stock, see the HK:0328 Stock Forecast page.

Alco Holdings Unanimously Passes All Resolutions at AGM
Aug 29, 2025

Alco Holdings Limited held its Annual General Meeting on August 29, 2025, where all proposed ordinary resolutions were unanimously approved by the shareholders. These resolutions included the re-election of directors, the re-appointment of the auditor, and granting mandates to the directors for share issuance and repurchase. The successful passing of these resolutions reflects strong shareholder support and positions the company to continue its strategic initiatives.

The most recent analyst rating on (HK:0328) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Alco Holdings stock, see the HK:0328 Stock Forecast page.

Alco Holdings Announces Revised Timetable for Capital Reorganisation and Rights Issue
Aug 25, 2025

Alco Holdings Limited has announced a revised timetable for its proposed capital reorganisation and rights issue, which involves offering four rights shares for every one adjusted share held. This strategic move is expected to impact the company’s share structure and trading arrangements, with key dates set for September 2025. The reorganisation aims to strengthen the company’s financial position and enhance shareholder value, although the changes remain subject to certain conditions.

The most recent analyst rating on (HK:0328) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Alco Holdings stock, see the HK:0328 Stock Forecast page.

Alco Holdings Expands into Digital Services with Strategic Acquisition
Aug 22, 2025

Alco Holdings Limited has announced the acquisition of an 11% equity interest in Shenzhen Alco Chuangke Holdings Limited, a joint venture company, for RMB2,000,000. This acquisition will make the JV Company a subsidiary of Alco Holdings, allowing it to consolidate the JV Company’s financial results into its own. The move is strategic for Alco Holdings as it seeks to diversify its operations and enter the high-growth digital services market, which is becoming increasingly competitive. By leveraging the JV Company’s industry resources, technological capabilities, and policy advantages, Alco Holdings aims to create a ‘hardware plus software’ ecosystem, achieving business diversification and long-term strategic synergies.

The most recent analyst rating on (HK:0328) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Alco Holdings stock, see the HK:0328 Stock Forecast page.

Alco Holdings Clarifies Director’s Fee Typographical Error
Aug 18, 2025

Alco Holdings Limited has issued a clarification regarding a typographical error in a previous announcement about the appointment of its vice chairman. The company clarified that Mr. Bian is entitled to a yearly Director’s fee of HK$180,000, not a monthly fee as previously stated. This correction ensures transparency and accuracy in the company’s communications with its stakeholders.

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: Nov 25, 2025