Asia Resources Holdings Limited (HK:0899)
:0899
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Asia Resources Holdings Limited
(0899)
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Rating:42Neutral
Price Target:
HK$0.20
â–²(12.22% Upside)
Action:ReiteratedDate:01/13/26
The score is held down primarily by very weak financial performance, including sizable losses and negative operating cash flow. Technicals also lean bearish with the stock trading below major moving averages and a negative MACD. Valuation does not provide support due to negative earnings (negative P/E) and no available dividend yield.
Positive Factors
Low leverage / balance sheet flexibility
Extremely low debt reduces solvency and refinancing risk, giving management flexibility to fund working capital or weather cyclical downturns in steel. Over 2–6 months this conservatism supports liquidity and strategic options without immediate reliance on external financing.
Negative Factors
Deeply negative margins
Persistently large negative EBIT and net margins indicate the core steel operations are unprofitable after costs. Without structural cost reductions or pricing power improvements, these adverse margins will erode equity and hinder the firm's ability to generate sustainable earnings over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / balance sheet flexibility
Extremely low debt reduces solvency and refinancing risk, giving management flexibility to fund working capital or weather cyclical downturns in steel. Over 2–6 months this conservatism supports liquidity and strategic options without immediate reliance on external financing.
Read all positive factors
Asia Resources Holdings Limited (0899) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$81.02M
Dividend YieldN/A
Average Volume (3M)401.84K
Price to Earnings (P/E)―
Beta (1Y)1.12
Revenue Growth46.92%
EPS Growth-3901.26%
CountryHK
Employees72
SectorReal Estate
Sector Strength53
IndustrySteel
Share Statistics
EPS (TTM)-0.03
Shares Outstanding445,159,000
10 Day Avg. Volume305,787
30 Day Avg. Volume401,837
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.16
Price to Sales (P/S)7.49
P/FCF Ratio-74.80
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 Resources Holdings Limited Business Overview & Revenue Model
Company Description
Asia Resources Holdings Limited, an investment holding company, engages in the property development and investment business in the People's Republic of China and Hong Kong. It is also involved in the production of bottled mineral water; securities...
How the Company Makes Money
Asia Resources Holdings Limited generates revenue through its mining operations, which include the extraction and sale of minerals and resources. The company earns money by producing raw materials that are sold to various industries, including con...
Asia Resources Holdings Limited Financial Statement Overview
Summary
Income Statement
20
Very Negative
Balance Sheet
35
Negative
Cash Flow
15
Very Negative
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 23.74M | 20.04M | 14.16M | 22.22M | 21.20M | 32.92M |
| Gross Profit | -12.04M | 778.00K | 10.94M | 18.72M | 17.06M | 16.45M |
| EBITDA | -522.80M | -542.61M | -28.71M | -201.53M | -285.75M | 99.48M |
| Net Income | -441.15M | -451.55M | -8.35M | -246.17M | -361.64M | 91.26M |
Balance Sheet | ||||||
| Total Assets | 1.39B | 1.39B | 1.95B | 1.74B | 1.91B | 2.28B |
| Cash, Cash Equivalents and Short-Term Investments | 14.90M | 9.59M | 13.17M | 33.40M | 20.27M | 21.90M |
| Total Debt | 8.76M | 8.80M | 11.40M | 3.44M | 1.90M | 940.00K |
| Total Liabilities | 348.36M | 369.20M | 493.43M | 290.19M | 178.50M | 198.93M |
| Stockholders Equity | 956.52M | 935.87M | 1.34B | 1.39B | 1.65B | 1.97B |
Cash Flow | ||||||
| Free Cash Flow | 5.84M | -2.01M | -33.17M | -12.48M | -2.78M | -30.48M |
| Operating Cash Flow | 7.87M | -232.00K | -18.34M | 1.88M | 7.90M | -28.66M |
| Investing Cash Flow | 3.25M | -1.66M | -6.51M | -19.89M | -7.65M | 2.33M |
| Financing Cash Flow | -3.55M | -1.75M | 5.38M | 37.98M | -1.78M | -2.95M |
Asia Resources Holdings Limited Technical Analysis
Negative
0.18
Price Trends
0.19
Negative
0.19
Negative
0.26
Negative
Market Momentum
>-0.01
Positive
30.75
Neutral
66.20
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0899, the sentiment is Negative. The current price of 0.18 is below the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.19, and below the 200-day MA of 0.26, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 30.75 is Neutral, neither overbought nor oversold. The STOCH value of 66.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0899.
Asia Resources Holdings Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
56 Neutral | HK$92.64M | -0.40 | -8.65% | ― | -48.96% | -185.64% | |
46 Neutral | HK$52.09M | -4.63 | -5.34% | ― | -0.99% | 48.65% | |
46 Neutral | HK$78.32M | -0.56 | -13.87% | ― | -32.43% | 55.29% | |
44 Neutral | HK$175.59M | -0.97 | -19.00% | ― | -21.32% | -715.30% | |
42 Neutral | HK$81.02M | -2.00 | -46.62% | ― | 46.92% | -3901.26% | |
37 Underperform | HK$60.38M | 9.13 | 587.39% | ― | -6.40% | -143.33% |
* Real Estate Sector Average
HK:0899
Asia Resources Holdings Limited
0.18
-0.86
-82.57%
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Kingwell Group Limited
0.02
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HK:1427
China Tianbao Group Development Company Limited
0.20
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-5.24%
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Landsea Green Life Service Company Limited
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-18.33%
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GBA Holdings Limited
0.26
-0.17
-39.53%
Asia Resources Holdings Limited Corporate Events
Zhong Jia Guo Xin Sets New Board and Committee Line-Up Effective April 2026
Apr 1, 2026
Zhong Jia Guo Xin Holdings has announced the composition of its board of directors effective 1 April 2026, detailing the split between executive, non-executive and independent non-executive directors, with Mr. Lam Tsz Chak serving as chairman. The...
Zhong Jia Guo Xin Strengthens Board With New Chairman and Executive Director
Apr 1, 2026
Zhong Jia Guo Xin Holdings Company Limited has appointed 33-year-old Mr. Lam Tsz Chak as independent non-executive director and chairman, effective 1 April 2026, bringing extensive experience in jewelry industry operations, marketing, corporate go...
Zhong Jia Guo Xin Buys Connected Subsidiary for Nominal RMB1 Consideration
Mar 24, 2026
Zhong Jia Guo Xin Holdings has agreed to acquire 100% of a target company from a connected seller for a nominal cash consideration of RMB1, turning the target into an indirect wholly owned subsidiary. The seller is deemed a connected person at the...
Zhong Jia Guo Xin Reshapes Board and Committee Structure
Mar 12, 2026
Zhong Jia Guo Xin Holdings Company Limited has updated the composition of its board of directors with effect from 12 March 2026, naming two executive directors, three non-executive directors and three independent non-executive directors. The resha...
Zhong Jia Guo Xin Chairman Resigns, Board Affirms Governance Continuity
Mar 12, 2026
Zhong Jia Guo Xin Holdings Company Limited announced that non-executive director and chairman Mr. Liu Jiong has resigned with effect from 12 March 2026, citing other work arrangements. Mr. Liu stated he has no disagreement with the board and no is...
Zhong Jia Guo Xin Strengthens Board with New Chairman and Executive Director
Mar 9, 2026
Zhong Jia Guo Xin Holdings Company Limited has appointed Liu Jiong as non-executive director and chairman, effective 9 March 2026, as it reshapes its leadership structure. Liu brings experience from the armed police, media, jewellery and cultivate...
Zhong Jia Guo Xin Updates Board and Committee Structure
Mar 9, 2026
Zhong Jia Guo Xin Holdings Company Limited has updated its board composition effective 9 March 2026, confirming a mix of executive, non-executive and independent non-executive directors. The board now comprises Ms. Yau Ho Yi and Mr. Huang Jiahao a...
Zhong Jia Guo Xin Sets Extension Fees in Major Disposal Deal
Mar 5, 2026
Zhong Jia Guo Xin Holdings Company Limited has announced further details related to a very substantial disposal involving the sale of a target company, following previous disclosures made since 2023. The disposal forms part of a larger transaction...
Zhong Jia Guo Xin Extends Major Asset Disposal Deadline and Raises Executive Pay
Mar 1, 2026
Zhong Jia Guo Xin Holdings has signed a second supplemental agreement to extend the deadline for completing the disposal of its Target Company to on or before 31 December 2026, after the original purchaser failed to close the deal by the end of 20...
Zhong Jia Guo Xin Revamps Board as CEO Resigns and Veteran Director Joins
Feb 10, 2026
Zhong Jia Guo Xin Holdings Company Limited announced leadership and governance changes effective 10 February 2026, including the resignation of executive director and chief executive officer Chan Wai Fung, who stepped down for other business pursu...
Zhong Jia Guo Xin Updates Board and Committee Roles
Feb 10, 2026
Zhong Jia Guo Xin Holdings Company Limited has updated its board composition with effect from 10 February 2026, confirming one executive director, three non-executive directors, and three independent non-executive directors. The independent non-ex...
Zhong Jia Guo Xin Redesignates Dr. Liang Jinxiang as Non-Executive Director to Bolster Board Governance
Jan 23, 2026
Zhong Jia Guo Xin Holdings Company Limited has redesignated Dr. Liang Jinxiang from independent non-executive director to non-executive director, effective 23 January 2026, as part of a broader change to its board structure. Dr. Liang, a seasoned ...
Zhong Jia Guo Xin Restructures Board and Committee Roles to Strengthen Governance
Jan 23, 2026
Zhong Jia Guo Xin Holdings Company Limited has announced changes to its board composition and committee assignments effective 23 January 2026. The board now comprises two executive directors, two non-executive directors and three independent non-e...
Zhong Jia Guo Xin Raises HK$40.75 Million in Fully Subscribed Rights Issue
Jan 8, 2026
Zhong Jia Guo Xin Holdings Company Limited has completed a rights issue on the basis of two rights shares for every one existing share, with all 296,772,672 rights shares successfully placed or subscribed following a combination of shareholder tak...
Zhong Jia Guo Xin Updates Market on Delayed Completion of Major Disposal
Jan 2, 2026
Zhong Jia Guo Xin Holdings has issued an update on a previously announced very substantial disposal involving a target company, confirming that completion is now scheduled to take place on or before 31 December 2025 under a supplemental agreement....
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.