Alco Holdings (HK:0328)
:0328
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Alco Holdings
(0328)
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Rating:39Underperform
Price Target:
HK$0.58
▼(-80.14% Downside)
Action:ReiteratedDate:03/28/26
The score is driven primarily by very weak financial performance (persistent losses, negative equity, and negative operating/free cash flow). Technicals add downside pressure with a clear downtrend and negative momentum, while valuation is constrained by loss-making earnings and no dividend support.
Positive Factors
OEM/ODM manufacturing and engineering services
Alco's core OEM/ODM business and embedded product engineering create durable client relationships and recurring contract opportunities. Long-term manufacturing agreements and design-to-manufacture services raise switching costs for customers and support stable order flows and operational leverage over multiple quarters.
Negative Factors
Negative shareholders' equity
Negative equity signals solvency strain and limits financial flexibility. With liabilities above assets, the company faces higher creditor risk and constrained ability to access new capital without dilution or restructuring, creating a lasting overhang on strategic investments and growth initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
OEM/ODM manufacturing and engineering services
Alco's core OEM/ODM business and embedded product engineering create durable client relationships and recurring contract opportunities. Long-term manufacturing agreements and design-to-manufacture services raise switching costs for customers and support stable order flows and operational leverage over multiple quarters.
Read all positive factors
Alco Holdings (0328) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$37.23M
Dividend YieldN/A
Average Volume (3M)565.97K
Price to Earnings (P/E)―
Beta (1Y)0.64
Revenue Growth-0.76%
EPS Growth93.44%
CountryHK
Employees46
SectorTechnology
Sector Strength88
IndustryConsumer Electronics
Share Statistics
EPS (TTM)-0.17
Shares Outstanding57,278,430
10 Day Avg. Volume293,387
30 Day Avg. Volume565,965
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-0.40
Price to Sales (P/S)0.26
P/FCF Ratio-0.26
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
Alco Holdings Business Overview & Revenue Model
Company Description
Alco Holdings Limited, an investment holding company, designs, manufactures, and sells consumer electronic products in North America, Asia, Europe, and internationally. It operates in two segments, AV Products and Notebook Products. The company of...
How the Company Makes Money
Alco Holdings makes money mainly by supplying consumer electronics and electrical appliances to customers under OEM/ODM arrangements. Revenue is generated from (i) manufacturing and sale of finished goods (primarily audio products such as headphon...
Alco Holdings Financial Statement Overview
Summary
Income Statement
20
Very Negative
Balance Sheet
15
Very Negative
Cash Flow
25
Negative
| Breakdown | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 99.31M | 148.42M | 89.32M | 542.41M | 1.28B |
| Gross Profit | 5.12M | 8.86M | -10.95M | -111.81M | -72.46M |
| EBITDA | -48.11M | 13.26M | -78.38M | -313.55M | -324.61M |
| Net Income | -64.27M | 600.69M | -502.19M | -594.36M | -360.46M |
Balance Sheet | |||||
| Total Assets | 179.49M | 182.41M | 283.29M | 833.78M | 1.36B |
| Cash, Cash Equivalents and Short-Term Investments | 10.06M | 23.86M | 2.39M | 10.20M | 98.15M |
| Total Debt | 97.58M | 85.58M | 156.31M | 750.98M | 621.38M |
| Total Liabilities | 244.19M | 269.94M | 1.08B | 1.11B | 1.03B |
| Stockholders Equity | -64.04M | -72.58M | -788.65M | -272.27M | 330.82M |
Cash Flow | |||||
| Free Cash Flow | -98.49M | -69.47M | -1.14M | -169.45M | -265.79M |
| Operating Cash Flow | -96.56M | -69.47M | -157.00K | -138.98M | -234.83M |
| Investing Cash Flow | -2.05M | 3.65M | 10.97M | -29.25M | 6.02M |
| Financing Cash Flow | 78.63M | 96.07M | -17.11M | 82.93M | 219.06M |
Alco Holdings Technical Analysis
Negative
2.90
Price Trends
1.36
Negative
2.05
Negative
2.67
Negative
Market Momentum
-0.15
Negative
34.99
Neutral
19.85
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0328, the sentiment is Negative. The current price of 2.9 is above the 20-day moving average (MA) of 0.70, above the 50-day MA of 1.36, and above the 200-day MA of 2.67, indicating a bearish trend. The MACD of -0.15 indicates Negative momentum. The RSI at 34.99 is Neutral, neither overbought nor oversold. The STOCH value of 19.85 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0328.
Alco Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | HK$260.61M | -22.59 | -11.38% | 8.70% | -16.95% | -461.16% | |
54 Neutral | HK$2.57B | 38.27 | 16.03% | 0.50% | 11.29% | 40.42% | |
48 Neutral | HK$11.97B | 24.30 | 2.01% | ― | 6.10% | -70.77% | |
45 Neutral | HK$3.22B | 3.98 | -177.99% | ― | ― | ― | |
43 Neutral | HK$636.38M | -0.92 | -17.57% | 4.61% | 0.48% | -86.42% | |
39 Underperform | HK$37.23M | -10.94 | 80.51% | ― | -0.76% | 93.44% |
* Technology Sector Average
HK:0328
Alco Holdings
0.65
-0.53
-44.92%
HK:0751
Skyworth Digital Holdings
6.34
3.41
116.38%
HK:0099
Wong's International Holdings
1.33
0.17
14.66%
HK:0167
IDT International Limited
6.20
3.55
133.96%
HK:0927
Fujikon Industrial Holdings Limited
0.51
-0.10
-15.98%
HK:1747
Home Control International Limited
4.81
4.37
993.18%
Alco Holdings Corporate Events
Alco Holdings Plans Major Non‑Underwritten Rights Issue to Raise Up to HK$126 Million
Mar 24, 2026
Alco Holdings plans a substantial rights issue, offering four new shares for every existing share at HK$0.55, potentially issuing up to 229,113,720 rights shares and raising about HK$126 million before expenses. The issue, scheduled around late Ma...
Alco Holdings Weighs Possible Fundraising Plan
Mar 16, 2026
Alco Holdings Limited has announced that its board is considering a potential fundraising exercise, though key terms and structure have not yet been determined. The move signals that the Hong Kong-listed electronics manufacturer may be looking to ...
Alco Holdings Relocates Hong Kong Head Office to Tsuen Wan
Feb 11, 2026
Alco Holdings Limited has relocated its head office and principal place of business in Hong Kong to Unit 6, 9/F, Wing Fung Industrial Building, 40–50 Sha Tsui Road, Tsuen Wan, New Territories, effective 11 February 2026. The move, which leav...
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.