Ares Asia Limited (HK:0645)
:0645
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Ares Asia Limited
(0645)
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Rating:48Neutral
Price Target:
HK$0.18
▲(34.62% Upside)
Action:ReiteratedDate:02/03/26
The score is primarily constrained by very weak financial performance (revenue collapse, persistent losses, and negative operating cash flow), only partly cushioned by low balance-sheet leverage. Technicals are moderately constructive in the short term (price above key short/intermediate moving averages and positive MACD), but valuation remains unattractive due to loss-driven negative P/E and no indicated dividend support.
Positive Factors
Low leverage
Modest debt-to-equity reduces refinancing and liquidity stress, giving management flexibility to weather cyclical troughs common in shipping. Over the next 2–6 months, low leverage preserves option value to refinance, restructure assets, or pursue opportunistic charters without forced asset sales.
Negative Factors
Revenue collapse
A ~93% revenue collapse signals a material loss of chartering activity or asset utilization. Such a structural revenue drop erodes fixed-cost absorption, harms contract negotiating leverage, and requires successful redeployment or new long-term charters to restore scale over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Modest debt-to-equity reduces refinancing and liquidity stress, giving management flexibility to weather cyclical troughs common in shipping. Over the next 2–6 months, low leverage preserves option value to refinance, restructure assets, or pursue opportunistic charters without forced asset sales.
Read all positive factors
Ares Asia Limited (0645) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$90.83M
Dividend YieldN/A
Average Volume (3M)206.07K
Price to Earnings (P/E)―
Beta (1Y)-0.15
Revenue Growth-98.92%
EPS Growth-76.92%
CountryHK
Employees6
SectorEnergy
Sector Strength52
IndustryCoal
Share Statistics
EPS (TTM)-0.01
Shares Outstanding513,175,400
10 Day Avg. Volume348,000
30 Day Avg. Volume206,066
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)2.80
Price to Sales (P/S)3.88
P/FCF Ratio-3.13
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
Ares Asia Limited Business Overview & Revenue Model
Company Description
Ares Asia Limited engages in the coal trading business. It primarily sells thermal coal purchased from various countries to the People's Republic of China. The company was formerly known as KTP Holdings Limited and changed its name to Ares Asia Li...
How the Company Makes Money
null...
Ares Asia Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
56
Neutral
Cash Flow
24
Negative
| Breakdown | Mar 2024 | Mar 2023 | Mar 2023 | Mar 2022 | Mar 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.32M | 70.38M | 52.59M | 101.56M | 117.51M |
| Gross Profit | 101.00K | 331.00K | 1.06M | 408.00K | 869.00K |
| EBITDA | -2.25M | -1.25M | -753.00K | -1.83M | -1.78M |
| Net Income | -2.36M | -1.26M | -829.00K | -2.13M | -2.26M |
Balance Sheet | |||||
| Total Assets | 5.13M | 7.82M | 19.17M | 24.62M | 47.60M |
| Cash, Cash Equivalents and Short-Term Investments | 1.90M | 6.26M | 7.70M | 8.78M | 9.17M |
| Total Debt | 221.00K | 139.00K | 341.00K | 533.00K | 31.26M |
| Total Liabilities | 530.00K | 865.00K | 10.95M | 15.57M | 36.42M |
| Stockholders Equity | 4.60M | 6.96M | 8.22M | 9.05M | 11.18M |
Cash Flow | |||||
| Free Cash Flow | -4.11M | -1.23M | -1.78M | 31.13M | -27.82M |
| Operating Cash Flow | -4.11M | -1.21M | -1.75M | 31.13M | -27.82M |
| Investing Cash Flow | 0.00 | -20.00K | 878.00K | -2.00K | -900.00K |
| Financing Cash Flow | -253.00K | -210.00K | -210.00K | -31.52M | 27.46M |
Ares Asia Limited Technical Analysis
Positive
0.13
Price Trends
0.15
Positive
0.14
Positive
0.14
Positive
Market Momentum
<0.01
Negative
76.95
Negative
102.10
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0645, the sentiment is Positive. The current price of 0.13 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.15, and below the 200-day MA of 0.14, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 76.95 is Negative, neither overbought nor oversold. The STOCH value of 102.10 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0645.
Ares Asia Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
48 Neutral | HK$90.83M | -2.82 | -57.36% | ― | -98.92% | -76.92% | |
47 Neutral | HK$114.98M | -0.30 | -3.24% | ― | ― | ― | |
45 Neutral | HK$78.57M | -2.50 | -36.43% | ― | -20.97% | -213.53% | |
42 Neutral | HK$138.05M | -0.13 | ― | ― | -42.18% | -3.23% | |
40 Underperform | HK$95.94M | -0.04 | 37.69% | ― | -38.71% | -193.94% | |
39 Underperform | HK$94.59M | -2.75 | ― | ― | 47.32% | 2.60% |
* Energy Sector Average
HK:0645
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Ares Asia Limited Corporate Events
Ares Asia Wins Key Arbitration Over Coal Contract, Eyes Recovery of Receivables
Mar 23, 2026
Ares Asia Limited’s subsidiary AAR has secured a favorable final arbitral award from the Singapore International Arbitration Centre over a disputed coal purchase contract, after its supplier defaulted on a shipment. The tribunal ordered the ...
Ares Asia Revamps Company Secretary and Governance Roles
Mar 2, 2026
Ares Asia Limited announced changes to its senior corporate governance roles, with company secretary and authorised representative Mr. Lee Tsi Fun, Nicholas resigning effective 28 February 2026. The board noted that Mr. Lee has no disagreement wit...
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.
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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.