Alpha Professional Holdings Ltd. (HK:0948)
:0948
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Alpha Professional Holdings Ltd.
(0948)
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Rating:43Neutral
Price Target:
HK$0.29
▲(0.00% Upside)
Action:ReiteratedDate:03/24/26
The score is driven primarily by weak financial performance—large losses, negative equity, and renewed cash burn—which materially increases risk. Technicals are neutral-to-weak with no clear uptrend, and valuation signals are limited due to losses (negative P/E) and no indicated dividend support.
Positive Factors
Revenue rebound & improving gross margin
A strong revenue rebound and a higher gross margin show the company can recover top-line demand and extract better unit economics. If sustained, improved gross margins support eventual operating leverage and provide a pathway to restore profitability as fixed costs are spread over higher sales.
Negative Factors
Large, volatile net losses and margin deterioration
Swinging from profit to large losses indicates weak earnings stability and poor cost control. Persistent negative operating and net margins undermine retained earnings and make it hard to rebuild equity or fund investment internally, increasing long-term execution risk if structural issues persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound & improving gross margin
A strong revenue rebound and a higher gross margin show the company can recover top-line demand and extract better unit economics. If sustained, improved gross margins support eventual operating leverage and provide a pathway to restore profitability as fixed costs are spread over higher sales.
Read all positive factors
Alpha Professional Holdings Ltd. (0948) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$123.68M
Dividend YieldN/A
Average Volume (3M)1.09M
Price to Earnings (P/E)―
Beta (1Y)-0.29
Revenue Growth145.86%
EPS Growth-569.50%
CountryHK
Employees106
SectorConsumer Defensive
Sector Strength42
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-0.07
Shares Outstanding412,280,400
10 Day Avg. Volume3,166,100
30 Day Avg. Volume1,088,070
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-1.15
Price to Sales (P/S)1.98
P/FCF Ratio-4.25
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
Alpha Professional Holdings Ltd. Business Overview & Revenue Model
Company Description
Alpha Professional Holdings Limited, an investment holding company, engages in the milk products, mobile, and property investment businesses. The company is involved in the trading of milk powder and baby foods; distribution and sale of mobile han...
Alpha Professional Holdings Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
22
Negative
Cash Flow
30
Negative
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 43.88M | 40.52M | 96.31M | 363.09M | 438.35M | 268.10M |
| Gross Profit | 6.56M | 7.17M | 4.07M | 42.74M | 34.68M | 6.21M |
| EBITDA | -169.80M | -183.51M | -43.21M | 2.51M | 15.45M | -12.91M |
| Net Income | -195.49M | -197.27M | -38.32M | 1.31M | -31.64M | -14.99M |
Balance Sheet | ||||||
| Total Assets | 137.40M | 149.58M | 198.31M | 270.44M | 178.82M | 239.51M |
| Cash, Cash Equivalents and Short-Term Investments | 11.92M | 10.70M | 47.28M | 13.69M | 20.90M | 70.38M |
| Total Debt | 73.15M | 69.63M | 34.17M | 47.89M | 2.53M | 2.27M |
| Total Liabilities | 231.72M | 214.71M | 80.07M | 111.62M | 62.47M | 89.02M |
| Stockholders Equity | -99.30M | -69.92M | 118.23M | 158.82M | 116.35M | 150.49M |
Cash Flow | ||||||
| Free Cash Flow | -17.82M | -18.90M | 43.82M | -96.45M | -48.64M | 46.57M |
| Operating Cash Flow | -17.79M | -18.26M | 43.83M | -96.45M | -48.60M | 46.57M |
| Investing Cash Flow | 16.10M | -17.09M | 6.53M | -184.00K | -38.00K | -46.80M |
| Financing Cash Flow | -1.67M | -3.97M | -18.21M | 90.61M | -1.39M | 42.22M |
Alpha Professional Holdings Ltd. Technical Analysis
Positive
0.29
Price Trends
0.32
Negative
0.29
Positive
0.26
Positive
Market Momentum
>-0.01
Negative
50.29
Neutral
57.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0948, the sentiment is Positive. The current price of 0.29 is below the 20-day moving average (MA) of 0.29, below the 50-day MA of 0.32, and above the 200-day MA of 0.26, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.29 is Neutral, neither overbought nor oversold. The STOCH value of 57.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0948.
Alpha Professional Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | HK$715.55M | 1.60 | 7.29% | ― | -9.34% | 605.26% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
56 Neutral | HK$506.00M | 3.36 | 3.54% | ― | 8.78% | 160.00% | |
52 Neutral | HK$837.13M | -1.54 | -26.42% | ― | -20.95% | -13.14% | |
45 Neutral | HK$143.43M | -0.67 | -33.20% | ― | -12.03% | -40.38% | |
43 Neutral | HK$123.68M | -0.79 | 231.04% | ― | 145.86% | -569.50% | |
43 Neutral | HK$1.12B | -0.68 | 98.59% | ― | -2.92% | -48.35% |
* Consumer Defensive Sector Average
HK:0948
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Alpha Professional Holdings Ltd. Corporate Events
Alpha Professional Completes Debt-for-Equity Share Issue, Diluting Stake but Cutting Leverage
Mar 3, 2026
Alpha Professional Holdings has completed a debt capitalisation transaction through the issuance of 35 million new shares under its existing general mandate at HK$0.28 per share. The move converts outstanding debt into equity, strengthening the co...
Alpha Professional Converts HK$9.8 Million Debt to Equity via New Share Issue
Feb 12, 2026
Alpha Professional Holdings is converting part of an intra-group loan into equity, as its indirect wholly owned subsidiary Willis Trading restructures indebtedness owed to lender AP Diamond. The move underscores the group’s reliance on share...
Alpha Professional Discloses Major Impairments on Long-Overdue Receivables and Goodwill
Dec 31, 2025
Alpha Professional Holdings Limited has issued a supplemental announcement detailing significant impairment charges related to trade receivables and goodwill for the financial year ended 31 March 2025, recognising HK$53.2 million of expected credi...
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.