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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 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 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$82.35M | -0.60 | -8.38% | ― | -48.96% | -185.64% | |
52 Neutral | HK$60.78M | -10.00 | -4.93% | ― | -0.99% | 48.65% | |
44 Neutral | HK$206.31M | -0.95 | -19.00% | ― | -21.32% | -715.30% | |
44 Neutral | HK$65.50M | -0.74 | -13.47% | ― | -32.43% | 55.29% | |
42 Neutral | HK$73.45M | -0.07 | -37.49% | ― | 46.92% | -3901.26% | |
37 Underperform | HK$57.51M | -0.16 | -307.36% | ― | -6.40% | -143.33% |
Asia Resources Holdings Limited Corporate Events
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.
Zhong Jia Guo Xin Holdings Company Limited has announced its unaudited condensed consolidated results for the six months ended 30 September 2025. The interim results report complies with the Hong Kong Stock Exchange’s listing rules and will be available to shareholders and on relevant websites. This announcement reflects the company’s ongoing commitment to transparency and regulatory compliance, potentially impacting shareholder confidence and market perception.
The most recent analyst rating on (HK:0899) stock is a Sell with a HK$0.50 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, listed on the Hong Kong Stock Exchange, has successfully passed resolutions at its Special General Meeting held on November 20, 2025. The resolutions included a proposed rights issue, allowing shareholders to purchase additional shares. This move is expected to impact the company’s capital structure and provide opportunities for growth. Shareholders are advised to exercise caution when dealing with shares and rights shares, as the rights issue is contingent on certain conditions being fulfilled.
The most recent analyst rating on (HK:0899) stock is a Sell with a HK$0.50 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 a board meeting scheduled for November 24, 2025. The meeting will focus on reviewing and approving the unaudited interim results for the six months ending September 30, 2025, and considering the payment of an interim dividend, which could impact shareholder returns.
The most recent analyst rating on (HK:0899) stock is a Sell with a HK$0.50 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 completed a significant transaction involving the disposal of its sale shares, resulting in the target companies no longer being its subsidiaries. This move will impact the company’s financial consolidation as the financial results of the target group will not be included in the company’s financial statements. Additionally, the company has appointed Mr. Wang Pengwei as an independent non-executive director, bringing his extensive experience in government administration and supervision to the board. These changes reflect the company’s strategic adjustments and compliance with listing rules, potentially affecting its market positioning and stakeholder relations.
The most recent analyst rating on (HK:0899) stock is a Sell with a HK$0.50 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, listed on the Bermuda Stock Exchange, has announced the composition of its board of directors effective from November 6, 2025. The board includes executive directors Mr. Chan Wai Fung and Ms. Yau Ho Yi, non-executive director Ms. Jiang Xiaojun, and independent non-executive directors Dr. Liang Jinxiang, Mr. Wang Pengwei, and Mr. Wong Chun Peng Stewart. The company has also established three board committees: Audit, Remuneration, and Nomination, with Dr. Liang Jinxiang serving as chairman for all three. This announcement reflects the company’s commitment to strong corporate governance and strategic oversight, potentially impacting its operational efficiency and stakeholder confidence.
The most recent analyst rating on (HK:0899) stock is a Sell with a HK$0.50 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 announced a supplemental update regarding the disposal of its wholly-owned subsidiaries, which are primarily investment holding companies. The principal asset involved is a property held by King Lotus Limited, valued at approximately HK$18.959 million. The decision to proceed with the disposal was influenced by the market value of the property, the net liability position of the Target Group, and commercial negotiations. The Board believes the terms are fair and in the best interest of the company and its shareholders.
The most recent analyst rating on (HK:0899) stock is a Sell with a HK$0.50 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 a special general meeting to discuss and approve a Rights Issue and a Placing Agreement. The Rights Issue involves the allotment of 296,772,672 Rights Shares at a subscription price of HK$0.146 per share, with specific provisions for non-qualifying shareholders. This move is aimed at raising capital and potentially strengthening the company’s financial position.
The most recent analyst rating on (HK:0899) stock is a Sell with a HK$0.50 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, listed on the Hong Kong Stock Exchange, has announced the resignation of Mr. Li Xiaoming as an executive director, effective October 22, 2025, due to his pursuit of other business opportunities. The company expressed gratitude for Mr. Li’s contributions and clarified a previous announcement regarding the shareholding interests of Ms. Jiang Xiaojun, a non-executive director, correcting her personal interest in 5,600,000 shares, which constitutes approximately 3.774% of the company’s issued share capital.
The most recent analyst rating on (HK:0899) stock is a Sell with a HK$0.50 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, incorporated in Bermuda, has announced the updated list of its board of directors and their roles, effective from October 22, 2025. The board comprises executive directors Mr. Chan Wai Fung and Ms. Yau Ho Yi, non-executive director Ms. Jiang Xiaojun, and independent non-executive directors Dr. Liang Jinxiang and Mr. Wong Chun Peng Stewart. The company has also established three board committees: Audit, Remuneration, and Nomination, with Dr. Liang Jinxiang serving as the chairman of all three committees. This restructuring is likely aimed at enhancing corporate governance and strategic oversight, potentially impacting the company’s decision-making processes and stakeholder relations.
The most recent analyst rating on (HK:0899) stock is a Sell with a HK$0.50 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, listed on the Hong Kong Stock Exchange, has announced a further delay in the dispatch of its circular regarding a proposed Rights Issue. The company, which is planning to issue two rights shares for every one share held, has revised its timetable for this financial maneuver. The delay is due to the need for additional time to finalize the necessary information. This postponement may impact shareholders and the company’s market positioning as it adjusts its schedule to accommodate these changes.
The most recent analyst rating on (HK:0899) stock is a Sell with a HK$0.50 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 a discloseable transaction involving the disposal of its sale shares in certain target companies. The transaction, valued at RMB3 million, will result in these target companies ceasing to be subsidiaries of Zhong Jia Guo Xin Holdings, and their financial results will no longer be consolidated into the company’s financial statements. This move is part of the company’s strategic decision-making, taking into account the target group’s financial performance and market conditions.
The most recent analyst rating on (HK:0899) stock is a Sell with a HK$0.50 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, listed on the Hong Kong Stock Exchange, has announced the appointment of Ms. Yau Ho Yi as an executive director effective from October 14, 2025. Ms. Yau, with over a decade of experience in business management and strategic consultancy, will oversee administration, operation, and control within the company. Her appointment is expected to strengthen the company’s governance and operational framework, potentially enhancing its market position and stakeholder confidence.
The most recent analyst rating on (HK:0899) stock is a Sell with a HK$0.50 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, listed under stock code 899, has announced an update to its board of directors effective from October 14, 2025. The board comprises executive directors Mr. Li Xiaoming, Mr. Chan Wai Fung, and Ms. Yau Ho Yi, along with non-executive director Ms. Jiang Xiaojun, and independent non-executive directors Dr. Liang Jinxiang and Mr. Wong Chun Peng Stewart. The company has also established three board committees: Audit, Remuneration, and Nomination, with Dr. Liang Jinxiang serving as the chairman of all three committees. This restructuring may influence the company’s governance and operational strategies moving forward.
The most recent analyst rating on (HK:0899) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Asia Resources Holdings Limited stock, see the HK:0899 Stock Forecast page.