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Asia Cassava Resources Holdings Limited
(0841)
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Rating:45Neutral
Price Target:
HK$0.19
▼(-24.00% Downside)
Action:Reiterated
Date:04/15/26
The score is primarily held back by weak financial health (loss-making profile, high leverage, and negative operating/free cash flow). Technical indicators also lean bearish with the price below key moving averages and negative MACD. The main offset is a very low P/E ratio, indicating potentially cheap valuation.
Positive Factors
Strong revenue growth trend
Reported high revenue growth indicates durable demand expansion for cassava products. Sustained top-line momentum can enable scale benefits—better procurement terms and fixed-cost dilution—supporting a pathway to margin recovery if cost and working-capital management improve over coming quarters.
Negative Factors
Negative profitability metrics
Negative net profit and EBIT margins show the company is not converting sales into earnings. Persistent operating losses erode equity, limit reinvestment capacity and require structural cost or pricing changes; without margin repair, revenue growth alone won't secure long-term viability.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth trend
Reported high revenue growth indicates durable demand expansion for cassava products. Sustained top-line momentum can enable scale benefits—better procurement terms and fixed-cost dilution—supporting a pathway to margin recovery if cost and working-capital management improve over coming quarters.
Read all positive factors
Asia Cassava Resources Holdings Limited (0841) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$71.34M
Dividend YieldN/A
Average Volume (3M)233.67K
Price to Earnings (P/E)―
Beta (1Y)1.11
Revenue Growth30.41%
EPS Growth98.08%
CountryHK
Employees220
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)-0.19
Shares Outstanding584,726,750
10 Day Avg. Volume332,200
30 Day Avg. Volume233,666
Financial Highlights & Ratios
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 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 Cassava Resources Holdings Limited Business Overview & Revenue Model
Company Description
Asia Cassava Resources Holdings Limited operates as an investment holding company with a primary focus on the acquisition, processing, storage, and distribution of dried cassava chips. These core activities serve markets in Mainland China, Hong Ko...
How the Company Makes Money
The company makes money primarily by selling cassava-based products (notably cassava starch) to customers, earning revenue as the invoiced sales value of these commodities. Its core revenue model is commodity trading/distribution: it procures cass...
Asia Cassava Resources Holdings Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
40
Negative
Cash Flow
30
Negative
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2022 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.38B | 977.90M | 1.19B | 3.97B | 3.59B | 2.72B |
| Gross Profit | 140.81M | 81.15M | 152.04M | 450.69M | 437.90M | 264.64M |
| EBITDA | 3.42M | -97.21M | -83.33M | -61.22M | 90.39M | -32.87M |
| Net Income | -111.61M | -130.72M | -111.36M | -94.71M | 44.97M | -7.13M |
Balance Sheet | ||||||
| Total Assets | 1.18B | 1.70B | 1.47B | 2.04B | 2.92B | 2.67B |
| Cash, Cash Equivalents and Short-Term Investments | 53.64M | 63.65M | 59.56M | 271.52M | 109.50M | 74.00M |
| Total Debt | 400.97M | 879.44M | 571.90M | 961.29M | 1.69B | 1.46B |
| Total Liabilities | 824.72M | 1.35B | 983.59M | 1.38B | 2.09B | 1.87B |
| Stockholders Equity | 513.22M | 504.57M | 610.74M | 751.68M | 872.16M | 829.56M |
Cash Flow | ||||||
| Free Cash Flow | -38.89M | -240.09M | 248.94M | 669.97M | -157.45M | -229.31M |
| Operating Cash Flow | -5.35M | -204.29M | 251.04M | 675.55M | -153.37M | -225.95M |
| Investing Cash Flow | -34.06M | -79.31M | -55.52M | -4.32M | -2.90M | 3.24M |
| Financing Cash Flow | -32.48M | 289.85M | -408.22M | -506.49M | 191.36M | 94.67M |
Asia Cassava Resources Holdings Limited Technical Analysis
Negative
0.25
Price Trends
0.18
Negative
0.18
Negative
0.18
Negative
Market Momentum
-0.02
Positive
29.00
Positive
35.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0841, the sentiment is Negative. The current price of 0.25 is above the 20-day moving average (MA) of 0.15, above the 50-day MA of 0.18, and above the 200-day MA of 0.18, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 29.00 is Positive, neither overbought nor oversold. The STOCH value of 35.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0841.
Asia Cassava Resources Holdings Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$1.08B | 8.09 | 5.61% | 10.44% | -1.52% | 6.08% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
57 Neutral | HK$1.05B | 4.91 | 4.38% | 5.38% | -11.88% | -61.92% | |
49 Neutral | HK$569.07M | 35.38 | -0.08% | ― | 4.20% | -24.64% | |
45 Neutral | HK$71.34M | -0.63 | -21.93% | ― | 30.41% | 98.08% | |
42 Neutral | HK$655.49M | 2.90 | -11.47% | ― | 13.86% | -83.35% | |
41 Neutral | HK$92.71M | -0.66 | ― | ― | -21.24% | -234.18% |
* Consumer Defensive Sector Average
HK:0841
Asia Cassava Resources Holdings Limited
0.12
0.03
32.61%
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Global Sweeteners Holdings Limited
0.05
-0.06
-56.31%
HK:3999
Dachan Food (Asia) Limited
0.56
-0.10
-15.15%
HK:2317
Vedan International (Holdings) Ltd.
0.71
0.16
28.86%
HK:3838
China Starch Holdings Limited
0.18
-0.02
-12.00%
HK:0809
Global Bio-chem Technology Group Co. Ltd.
0.42
-0.44
-51.16%
Asia Cassava Resources Holdings Limited Corporate Events
Asia Cassava Seeks to Replace Ernst & Young to Rein in Audit Costs
Apr 27, 2026
Asia Cassava Resources Holdings Limited plans to remove Ernst Young as its auditor and appoint CCTH CPA Limited, citing a lack of consensus on audit fees that the audit committee deemed disproportionate to the Group’s current scale of opera...
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.