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Asia Resources Holdings Limited
(0899)
Asia Resources Holdings Limited (0899) vs. iShares MSCI Hong Kong ETF (EWH)
Asia Resources Holdings Limited Business Overview & Revenue Model
Asia Resources Holdings Limited Financial Statement Overview
| 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
Asia Resources Holdings Limited Peers Comparison
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 | -0.67 | -8.38% | ― | -48.96% | -185.64% | |
52 Neutral | HK$54.99M | -9.50 | -4.93% | ― | -0.99% | 48.65% | |
46 Neutral | HK$74.05M | -0.83 | -13.47% | ― | -32.43% | 55.29% | |
44 Neutral | HK$191.39M | -0.95 | -19.00% | ― | -21.32% | -715.30% | |
42 Neutral | HK$91.26M | -0.08 | -37.49% | ― | 46.92% | -3901.26% | |
37 Underperform | HK$61.61M | -0.17 | -307.36% | ― | -6.40% | -143.33% |
Asia Resources Holdings Limited Corporate Events
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 pursuits and confirmed he has no disagreements with the board. The company simultaneously appointed seasoned finance professional Ong Chor Wei as a non-executive director on a three-year term, a move that is expected to strengthen the board with his extensive multi-market listed company experience and support the group’s corporate governance and strategic oversight.
Mr. Ong currently holds executive and non-executive roles at several Hong Kong- and Singapore-listed companies and has over 30 years of experience in finance and accounting, with professional qualifications from leading institutions and membership in the HKICPA. His appointment, at a monthly remuneration of HK$20,000, reinforces the company’s board depth following the CEO’s departure, signaling continuity in governance and potentially shoring up investor confidence despite the management transition.
The most recent analyst rating on (HK:0899) stock is a Hold with a HK$0.16 price target. To see the full list of analyst forecasts on Asia Resources Holdings Limited stock, see the HK:0899 Stock Forecast page.
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-executive directors play a central role in the company’s governance framework, providing external oversight and contributing to board decisions.
The company has also confirmed the membership and chairmanship of its three key board committees: audit, remuneration, and nomination. Independent non-executive directors chair all of these committees, underscoring an emphasis on governance transparency, risk oversight, and alignment of management incentives, which is relevant for shareholders and other stakeholders monitoring board effectiveness.
The most recent analyst rating on (HK:0899) stock is a Hold with a HK$0.16 price target. To see the full list of analyst forecasts on Asia Resources Holdings Limited stock, see the HK:0899 Stock Forecast page.
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 finance professional with over 16 years’ experience in investment, M&A, risk control and financial audit, holds academic positions at Tsinghua University and other institutions and serves as an independent non-executive director at GoFintech Quantum Innovation Limited. Under a three-year appointment, he will receive a monthly remuneration of HK$13,000, with his terms determined by the board and remuneration committee in line with market practice. The move underscores the company’s intent to retain Dr. Liang’s expertise and continuity at board level while adjusting the composition of its board and committees, which may strengthen its governance and risk management capabilities.
The most recent analyst rating on (HK:0899) stock is a Hold with a HK$0.16 price target. To see the full list of analyst forecasts on Asia Resources Holdings Limited stock, see the HK:0899 Stock Forecast page.
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-executive directors, with independent director Mr. So Ting Kong appointed as chairman of the audit, remuneration and nomination committees, while the other independent directors and one non-executive director serve as members across these key governance bodies, underscoring the company’s emphasis on strengthened oversight and corporate governance structure.
The most recent analyst rating on (HK:0899) stock is a Hold with a HK$0.16 price target. To see the full list of analyst forecasts on Asia Resources Holdings Limited stock, see the HK:0899 Stock Forecast page.
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 take-up and a best-effort placing of unsubscribed shares. The fully subscribed offer raised gross proceeds of approximately HK$43.33 million and net proceeds of about HK$40.75 million, which the company plans to deploy primarily for repayment of trade and other payables, working capital for its Hong Kong operations, investment in a new water business project to deepen market reach and B2B redistribution, and the maintenance and licensing of its mining business, potentially strengthening its balance sheet and supporting operational and strategic initiatives across its core segments.
The most recent analyst rating on (HK:0899) stock is a Hold with a HK$0.21 price target. To see the full list of analyst forecasts on Asia Resources Holdings Limited stock, see the HK:0899 Stock Forecast page.
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. As of the announcement date, the purchaser has not paid the remaining balance of the consideration and the disposal remains incomplete, giving the company the contractual right to forfeit the deposit and further deposit. Against the backdrop of challenging property market conditions in China, the company says it will continue negotiations with the purchaser to complete the transaction and is currently seeking legal advice, signalling ongoing uncertainty over the timing and outcome of the deal and its potential impact on the company’s balance sheet and strategic repositioning.
The most recent analyst rating on (HK:0899) stock is a Hold with a HK$0.21 price target. To see the full list of analyst forecasts on Asia Resources Holdings Limited stock, see the HK:0899 Stock Forecast page.
Zhong Jia Guo Xin Holdings has reported that it received valid applications for 167,352,542 rights shares, representing about 56.39% of the 296,772,672 shares available under its ongoing rights issue, based on 148,386,336 shares in issue on the record date. The company will arrange, under compensatory arrangements required by Hong Kong listing rules, for a placing agent to place approximately 129,420,130 unsubscribed rights shares (including any NQS unsold rights shares) to independent investors on a best-effort basis, with any premium over the subscription price to be distributed pro rata to qualifying no-action and non-qualifying shareholders above a HK$100 threshold, while any remaining unsubscribed shares will not be issued and the rights issue size will be reduced, highlighting both the dilution and execution risks facing shareholders and potential investors in this non-underwritten offer.
The most recent analyst rating on (HK:0899) stock is a Hold with a HK$0.21 price target. To see the full list of analyst forecasts on Asia Resources Holdings Limited stock, see the HK:0899 Stock Forecast page.
Zhong Jia Guo Xin Holdings Company Limited, a company incorporated in Bermuda, has announced the completion of a substantial acquisition involving the transfer of 49 freehold car parking spaces valued at RMB 11,698,315. This transaction is part of a larger Refund Package, where the company is replacing civil air defense parking spaces with freehold ones due to market uncertainties and risks in the PRC property market. The completion of this transfer marks a significant step in the company’s strategic adjustments to its property holdings, with further acquisitions pending.
The most recent analyst rating on (HK:0899) stock is a Hold with a HK$0.21 price target. To see the full list of analyst forecasts on Asia Resources Holdings Limited stock, see the HK:0899 Stock Forecast page.
Zhong Jia Guo Xin Holdings Company Limited, a company incorporated in Bermuda, has announced the completion of a substantial acquisition involving refund properties. The company has accepted a cash refund of RMB 20.979 million as part of a settlement agreement. This decision was influenced by the current adverse market conditions, particularly in the Chinese property market. The cash refund will be used to enhance the company’s general working capital. The completion of the refund process took place on November 26, 2025, and while some properties have been received, others are still pending delivery.
The most recent analyst rating on (HK:0899) stock is a Hold with a HK$0.21 price target. To see the full list of analyst forecasts on Asia Resources Holdings Limited stock, see the HK:0899 Stock Forecast page.