Asia Cassava Resources Holdings Limited (0841) AI Stock Analysis

• Market Cap: HK$67.24M
• Dividend Yield: N/A
• Average Volume (3M): 233.67K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.62
• Revenue Growth: -18.03%
• EPS Growth: -17.44%
• Country: HK
• Employees: 240
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): -0.21
• Shares Outstanding: 584,726,750
• 10 Day Avg. Volume: 332,200
• 30 Day Avg. Volume: 233,666
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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

• Rating: 45 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

The overall stock score is primarily influenced by the company's financial performance challenges, including high leverage and negative profitability. Technical analysis provides some positive signals with a short-term upward trend, but valuation concerns due to a negative P/E ratio and lack of dividend yield weigh heavily on the score.

Asia Cassava Resources Holdings Limited Business Overview & Revenue Model

Company Description

Asia Cassava Resources Holdings Limited (0841) is a Hong Kong-based company primarily engaged in the production and processing of cassava products. The company operates in the agricultural sector, focusing on the cultivation of cassava, which is a versatile root crop used for various applications, including food products, animal feed, and industrial uses. Asia Cassava also invests in enhancing cassava processing technologies to improve the quality and efficiency of its product offerings, serving both domestic and international markets.

How the Company Makes Money

Asia Cassava Resources generates revenue through multiple streams, primarily from the sale of processed cassava products, including starch, flour, and other derivatives. The company capitalizes on both wholesale and retail markets, reaching food manufacturers, distributors, and end consumers. Additionally, the company may engage in strategic partnerships with agricultural producers and processing facilities to expand its supply chain and enhance production capabilities. Fluctuations in global commodity prices and demand for cassava-based products can significantly influence the company's earnings, making market access and export opportunities critical components of its revenue model.

Asia Cassava Resources Holdings Limited Financial Statement Overview

Summary

The company shows strong revenue growth but faces significant challenges in profitability and cash flow generation. High leverage and negative returns on equity highlight financial risks. Improving operational efficiency and reducing debt are crucial for enhancing 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	785.96M	977.90M	1.19B	3.97B	3.59B	2.72B
Gross Profit	105.21M	81.15M	152.04M	450.69M	437.90M	264.64M
EBITDA	-121.38M	-97.21M	-83.33M	-61.22M	90.39M	-32.87M
Net Income	-136.80M	-130.72M	-111.36M	-94.71M	44.97M	-7.13M
Balance Sheet
Total Assets	1.27B	1.70B	1.47B	2.04B	2.92B	2.67B
Cash, Cash Equivalents and Short-Term Investments	121.85M	63.65M	53.56M	271.52M	109.50M	74.00M
Total Debt	690.27M	879.44M	571.90M	961.29M	1.69B	1.46B
Total Liabilities	810.85M	1.35B	983.59M	1.38B	2.09B	1.87B
Stockholders Equity	598.24M	504.57M	610.74M	751.68M	872.16M	829.56M
Cash Flow
Free Cash Flow	101.00M	-240.09M	248.94M	669.97M	-157.45M	-229.31M
Operating Cash Flow	105.83M	-204.29M	251.04M	675.55M	-153.37M	-225.95M
Investing Cash Flow	-57.10M	-79.31M	-55.52M	-4.32M	-2.90M	3.24M
Financing Cash Flow	-23.07M	289.85M	-408.19M	-506.49M	191.36M	94.67M

Asia Cassava Resources Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.11
• 50DMA: Negative
• 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 Negative. The current price of 0.11 is below the 20-day moving average (MA) of 0.12, below the 50-day MA of 0.11, and above the 200-day MA of 0.10, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.09 is Neutral, neither overbought nor oversold. The STOCH value of 52.00 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1767	68 Neutral	HK$280.00M	10.61	5.48%	0.82%	5.43%	-25.42%
3838	65 Neutral	HK$1.15B	2.53	10.38%	5.10%	-6.58%	16.23%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
1695	58 Neutral	HK$104.76M	4.16	11.24%	―	37.73%	150.54%
0841	45 Neutral	HK$67.24M	―	-23.44%	―	-18.03%	-17.44%
0809	44 Neutral	HK$1.36B	0.94	―	―	42.14%	-81.25%
3889	38 Underperform	HK$183.48M	―	―	―	-6.04%	-340.00%

Asia Cassava Resources Holdings Limited Corporate Events

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.

Asia Cassava Resources Announces AGM and Share Issuance Proposal

Asia Cassava Resources Holdings Limited has announced its upcoming Annual General Meeting, scheduled for September 26, 2025, in Hong Kong. Key agenda items include the approval of the company’s financial statements, reappointment of auditors, and re-election of directors. Additionally, the company seeks shareholder approval to authorize the board to issue new shares, potentially expanding its capital by up to 20%. This move could enhance the company’s financial flexibility and support future growth initiatives.