Asia Cassava Resources Holdings Limited (0841) AI Stock Analysis

• Market Cap: HK$169.57M
• Dividend Yield: N/A
• Average Volume (3M): 233.67K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.40
• Revenue Growth: 75.21%
• EPS Growth: 18.42%
• Country: HK
• Employees: 240
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 0.02
• Shares Outstanding: 584,726,750
• 10 Day Avg. Volume: 332,200
• 30 Day Avg. Volume: 233,666
• PEG Ratio: -0.03
• Price to Book (P/B): 0.12
• Price to Sales (P/S): 0.06
• P/FCF Ratio: -0.26
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: HK$0.25 ▼(-13.10% Downside)

The overall stock score is primarily influenced by the company's strong technical momentum, which is counterbalanced by weak financial performance and poor valuation metrics. The stock's upward trend is a positive sign, but significant financial risks and lack of profitability weigh heavily on its overall attractiveness.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand for cassava products and effective market expansion, supporting long-term business sustainability.

Market Position

Positioning in a growing market for cassava products provides opportunities for sustained growth and competitive advantage in the agricultural sector.

Sustainable Practices

Commitment to sustainable practices enhances brand reputation and aligns with global trends towards environmental responsibility, supporting long-term viability.

Negative Factors

High Leverage

High leverage increases financial risk and limits flexibility, potentially impacting the company's ability to invest in growth opportunities.

Profitability Challenges

Ongoing profitability issues hinder the company's ability to reinvest in operations and may affect long-term financial health.

Weak Cash Flow

Negative cash flow limits the company's ability to fund operations and growth initiatives, posing a risk to financial stability and expansion efforts.

Asia Cassava Resources Holdings Limited Business Overview & Revenue Model

Company Description

Asia Cassava Resources Holdings Limited, an investment holding company, procures, processes, warehouses, and sells dried cassava chips in Mainland China, Hong Kong, and Thailand. It operates through three segments: Procurement and Sale of Dried Cassava Chips; Property Investment; and Hotel And Serviced Apartment Operations. The company also invests in office spaces and industrial properties; holds trademarks; collects debts; operates services apartments; and provides shipping agency services. In addition, it engages in the operation of a hotel, restaurant, and ancillary entertainment facilities; and trading and tendering of dried cassava chips. The company was founded in 1984 and is headquartered in Tsim Sha Tsui East, Hong Kong. Asia Cassava Resources Holdings Limited is a subsidiary of Art Rich Management Limited.

How the Company Makes Money

Asia Cassava Resources Holdings Limited generates revenue primarily through the sale of cassava-based products, including cassava chips and cassava starch. The company’s revenue model is centered around bulk sales to food manufacturers, animal feed producers, and biofuel companies. Key revenue streams include direct sales contracts with large industrial clients and export sales to international markets. Additionally, strategic partnerships with agricultural cooperatives and processing facilities enhance the company’s production capabilities and market reach, thereby contributing to its overall earnings. The company's focus on sustainable and efficient production methods also helps in maintaining cost-effectiveness and competitiveness in the market.

Asia Cassava Resources Holdings Limited Financial Statement Overview

Summary

Asia Cassava Resources Holdings Limited shows strong revenue growth but struggles with profitability and cash flow generation. High leverage and negative returns on equity highlight financial risks. The company needs to focus on improving operational efficiency and reducing debt to enhance financial health.

Income Statement

The company has experienced significant revenue growth in the most recent year, with a 24.42% increase. However, profitability remains a concern, as indicated by negative net profit margins and EBIT margins. The gross profit margin has also declined compared to previous years, suggesting challenges in maintaining cost efficiency.

Balance Sheet

The company is highly leveraged, with a debt-to-equity ratio of 1.74, which poses a risk in terms of financial stability. The equity ratio is relatively low, indicating a heavy reliance on debt financing. Return on equity is negative, reflecting ongoing profitability challenges.

Cash Flow

Cash flow performance is weak, with negative operating and free cash flows. The free cash flow to net income ratio is positive, but this is due to negative net income, which is not a positive indicator. The company needs to improve its cash generation capabilities to support operations and growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	977.90M	977.90M	1.19B	3.97B	3.59B	2.72B
Gross Profit	81.15M	81.15M	152.04M	450.69M	437.90M	264.64M
EBITDA	-102.78M	-97.21M	-83.33M	-61.22M	90.39M	-32.87M
Net Income	-130.72M	-130.72M	-111.36M	-94.71M	44.97M	-7.13M
Balance Sheet
Total Assets	1.70B	1.70B	1.47B	2.04B	2.92B	2.67B
Cash, Cash Equivalents and Short-Term Investments	63.65M	63.65M	53.56M	271.52M	109.50M	74.00M
Total Debt	879.44M	879.44M	571.90M	961.29M	1.69B	1.46B
Total Liabilities	1.35B	1.35B	983.59M	1.38B	2.09B	1.87B
Stockholders Equity	504.57M	504.57M	610.74M	751.68M	872.16M	829.56M
Cash Flow
Free Cash Flow	-240.09M	-240.09M	248.94M	669.97M	-157.45M	-229.31M
Operating Cash Flow	-204.29M	-204.29M	251.04M	675.55M	-153.37M	-225.95M
Investing Cash Flow	-79.31M	-79.31M	-55.52M	-4.32M	-2.90M	3.24M
Financing Cash Flow	289.85M	289.85M	-408.19M	-506.49M	191.36M	94.67M

Asia Cassava Resources Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.29
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0841, the sentiment is Positive. The current price of 0.29 is above the 20-day moving average (MA) of 0.25, above the 50-day MA of 0.18, and above the 200-day MA of 0.12, indicating a bullish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 66.18 is Neutral, neither overbought nor oversold. The STOCH value of 75.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0841.

Asia Cassava Resources Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1767	71 Outperform	HK$295.00M	11.17	5.48%	0.78%	5.43%	-25.42%
1695	63 Neutral	HK$104.76M	4.16	11.24%	―	37.73%	150.54%
3838	63 Neutral	HK$1.08B	2.38	10.38%	5.38%	-6.58%	16.23%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
0841	54 Neutral	HK$169.57M	-1.52	-20.08%	―	75.21%	18.42%
0809	44 Neutral	HK$1.16B	0.79	―	―	42.14%	-81.25%
3889	36 Underperform	HK$169.96M	-1.03	―	―	-6.04%	-340.00%

Asia Cassava Resources Holdings Limited Corporate Events

Asia Cassava Resources Schedules Board Meeting for Interim Results

Asia Cassava Resources Holdings Limited has announced a board meeting scheduled for November 28, 2025, to consider and approve the interim results for the six months ending September 30, 2025. This meeting is crucial for stakeholders as it will provide insights into the company’s financial performance and strategic direction for the upcoming period.

Asia Cassava Resources Secures Unanimous Shareholder Approval at AGM

Asia Cassava Resources Holdings Limited announced that all ordinary resolutions were passed at their annual general meeting on September 26, 2025. This includes the approval of financial statements, reappointment of auditors, re-election of directors, and granting of mandates to directors for share dealings. The unanimous approval of these resolutions reflects strong shareholder support and positions the company for continued operational stability and strategic growth.