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HK Asia Holdings Limited
(1723)
HK Asia Holdings Limited (1723) vs. iShares MSCI Hong Kong ETF (EWH)
HK Asia Holdings Limited Business Overview & Revenue Model
HK Asia Holdings Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 197.09M | 189.56M | 252.38M | 204.57M | 183.00M | 136.00M |
| Gross Profit | 47.61M | 43.33M | 61.65M | 45.30M | 59.22M | 45.72M |
| EBITDA | -188.69M | 8.58M | 23.69M | 10.34M | 29.62M | 18.14M |
| Net Income | -195.13M | 1.79M | 14.84M | 3.94M | 19.46M | 10.76M |
Balance Sheet | ||||||
| Total Assets | 447.11M | 115.99M | 138.74M | 179.05M | 175.45M | 182.50M |
| Cash, Cash Equivalents and Short-Term Investments | 35.33M | 44.70M | 65.58M | 97.08M | 62.43M | 36.19M |
| Total Debt | 7.74M | 1.86M | 6.01M | 4.37M | 3.65M | 26.80M |
| Total Liabilities | 19.43M | 9.66M | 14.21M | 9.35M | 9.69M | 36.20M |
| Stockholders Equity | 427.50M | 106.33M | 124.54M | 169.70M | 165.76M | 146.30M |
Cash Flow | ||||||
| Free Cash Flow | 17.02M | 4.13M | 34.01M | 39.69M | 50.69M | -38.97M |
| Operating Cash Flow | 18.04M | 18.20M | 43.90M | 40.62M | 51.37M | -38.38M |
| Investing Cash Flow | -55.26M | -14.07M | -9.89M | -934.00K | -677.00K | -592.00K |
| Financing Cash Flow | 10.25M | -25.00M | -65.52M | -5.04M | -24.45M | -26.84M |
HK Asia Holdings Limited Technical Analysis
HK Asia Holdings Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | HK$5.23B | 10.93 | 9.18% | 6.74% | 0.52% | 2.07% | |
68 Neutral | HK$1.89B | 10.42 | 2.99% | 4.43% | -4.17% | -18.28% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | HK$5.64B | 234.00 | 0.26% | 6.46% | 6.79% | ― | |
52 Neutral | HK$28.65M | -3.67 | -24.93% | ― | -35.91% | 38.89% | |
43 Neutral | HK$683.93M | -3.33 | -73.26% | ― | -11.19% | -3773.50% |
HK Asia Holdings Limited Corporate Events
Moon Inc. has announced a further acquisition of approximately 7 units of Bitcoin for around HK$4,712,000, funded by the Group’s available cash reserves. This move is part of the Group’s strategy to diversify its investment portfolio and align with the evolving global financial landscape, as cryptocurrencies gain popularity. The Board sees Bitcoin as a dependable store of value amid global economic uncertainties and aims to enhance shareholder value by embracing technological evolution and preparing for entry into the blockchain industry.
Moon Inc., incorporated in the Cayman Islands, has announced a further subscription of interest in a fund, increasing its stake by approximately 3.06% with a subscription amount of US$1,754,667.22. This transaction is considered a connected transaction under Hong Kong’s Listing Rules due to the relationship between the Manager and the company, and it is subject to reporting and announcement requirements but exempt from independent shareholders’ approval.
Moon Inc. has announced the upgrade of its ordinary shares from the OTC Pink Market to the OTCQX Best Market, effective November 5, 2025. This move is expected to enhance the company’s visibility and liquidity by exposing it to a broader investor base in the U.S., marking a significant milestone in its market positioning.
Moon Inc. has announced a further acquisition of approximately 6.12 units of Bitcoin for around HK$5,242,000, funded by the company’s cash reserves. This move is part of a broader strategy to diversify the company’s investment portfolio and align with the evolving global financial landscape, amid economic uncertainties and potential depreciation of fiat currencies. The acquisition is seen as a step towards embracing technological evolution and preparing for entry into the blockchain industry, with the aim of enhancing shareholder value in the long term.
Moon Inc. has announced its unaudited condensed consolidated interim results for the six months ending September 30, 2025. The interim report, which complies with the listing requirements of the Hong Kong Stock Exchange, will be distributed to shareholders and made available on the company’s and stock exchange’s websites. This announcement highlights the company’s commitment to transparency and regulatory compliance, potentially impacting its market perception and investor relations positively.
Moon Inc., a company listed on the Hong Kong Stock Exchange, has issued a profit warning for the six months ending September 30, 2025, expecting a significant loss of approximately HK$190 million to HK$200 million. This turnaround from a profit in the previous year is attributed to the initial recognition of the derivative component of convertible notes, a non-cash event, which has increased the company’s net assets but does not impact its operations or cash flow.
Moon Inc. has announced a further acquisition of 0.6 units of bitcoin for approximately HK$533,000 to support its strategic initiative of expanding its pre-paid bitcoin cards business. This acquisition is aimed at building a bitcoin inventory to ensure liquidity and service continuity for the pre-paid bitcoin cards, distinguishing this operating inventory from its treasury digital asset holdings.
Moon Inc., a company incorporated in the Cayman Islands, has completed the issuance of new shares and convertible notes under its general mandate. On October 22, 2025, the company allotted 3,272,000 subscription shares at HK$4.01 per share and issued convertible notes totaling HK$52,377,600. This move impacts the company’s shareholding structure, with the new shares and convertible notes potentially increasing the total share capital, thus slightly diluting the holdings of existing substantial shareholders.
HK Asia Holdings Limited has announced plans to expand its pre-paid product offerings, including the introduction of pre-paid Bitcoin cards, into selected Asian markets such as Thailand and Korea. The company aims to leverage strategic partnerships with local distributors to enhance its market presence and expects revenue growth to be driven by its SIM card business, catering to both tourists and local users seeking flexible mobile services.
Moon Inc., incorporated in the Cayman Islands, announced the results of its Annual General Meeting held on September 26, 2025. All resolutions, including the adoption of financial statements, re-election of directors, re-appointment of auditors, and approval of share mandates and award schemes, were passed with overwhelming support, indicating strong shareholder confidence in the company’s governance and strategic direction.