tiprankstipranks
Trending News
More News >
A & S Group (Holdings) Limited (HK:1737)
:1737
Hong Kong Market

A & S Group (Holdings) Limited (1737) AI Stock Analysis

Compare
1 Followers

Top Page

HK

A & S Group (Holdings) Limited

(1737)

Rating:76Outperform
Price Target:
A & S Group exhibits strong financial performance with robust revenue growth and cash flow generation, coupled with a conservative balance sheet. The valuation is appealing due to a low P/E ratio and high dividend yield. However, technical indicators suggest caution due to potential overbought conditions. Overall, the stock is fundamentally strong and attractively valued, but investors should monitor technical signals closely.

A & S Group (Holdings) Limited (1737) vs. iShares MSCI Hong Kong ETF (EWH)

A & S Group (Holdings) Limited Business Overview & Revenue Model

Company DescriptionA & S Group (Holdings) Limited (1737) is a company engaged in providing a range of services and products, primarily focusing on sectors such as construction and engineering. The company's core offerings include construction services, project management, and engineering solutions, catering to various infrastructure and development projects.
How the Company Makes MoneyA & S Group (Holdings) Limited generates revenue through its diverse service offerings in the construction and engineering sectors. The company earns money by undertaking construction projects, providing engineering solutions, and offering project management services. Key revenue streams include contracts for infrastructure development, civil engineering works, and building construction projects. Significant factors contributing to its earnings include long-term contracts with government agencies, private developers, and partnerships with other construction firms to leverage combined expertise and resources.

A & S Group (Holdings) Limited Financial Statement Overview

Summary
A & S Group has demonstrated strong financial health with significant revenue growth and robust cash flow generation. The company maintains a conservative balance sheet with low leverage, ensuring stability. While profitability metrics are sound, there is room for improvement in net profit margins.
Income Statement
75
Positive
A & S Group has demonstrated strong revenue growth, with a 27.75% increase in the latest year, while maintaining healthy gross and net profit margins of 11.41% and 2.71%, respectively. The EBIT and EBITDA margins of 3.47% and 12.15% indicate efficient operational management. However, the company should continue to focus on improving net profitability.
Balance Sheet
80
Positive
The balance sheet is robust with a low debt-to-equity ratio of 0.05 and a strong equity ratio of 72.21%, reflecting financial stability. Return on Equity (ROE) at 7.87% is moderate, suggesting moderate profitability relative to equity. Overall, the company maintains a conservative financial structure with low leverage.
Cash Flow
78
Positive
The cash flow statement shows a positive trend with a 10.44% growth in free cash flow. The operating cash flow to net income ratio of 3.11 and a free cash flow to net income ratio of 2.95 demonstrate strong cash generation relative to earnings, reinforcing liquidity and operational efficiency.
Breakdown
TTMMar 2024Mar 2023Mar 2022Mar 2021Mar 2020
Income StatementTotal Revenue
650.44M649.57M508.46M520.20M408.50M418.12M
Gross Profit
64.61M74.13M45.85M79.42M59.31M40.88M
EBIT
15.04M22.53M10.38M41.63M47.66M-1.70M
EBITDA
20.92M78.95M68.10M87.73M93.15M36.99M
Net Income Common Stockholders
10.55M17.63M8.59M32.52M40.52M-8.85M
Balance SheetCash, Cash Equivalents and Short-Term Investments
89.55M84.99M82.69M128.73M101.86M90.29M
Total Assets
229.88M310.35M329.20M316.23M310.12M311.25M
Total Debt
11.27M11.02M60.14M36.94M54.04M97.38M
Net Debt
-78.28M-73.97M-22.55M-91.80M-47.82M7.09M
Total Liabilities
41.16M86.22M122.71M93.32M89.73M131.38M
Stockholders Equity
188.72M224.13M206.49M222.91M220.39M179.87M
Cash FlowFree Cash Flow
61.70M52.08M47.16M83.15M65.58M30.71M
Operating Cash Flow
72.74M54.81M54.62M90.37M74.93M39.36M
Investing Cash Flow
-10.64M-2.34M-6.98M-7.22M-8.26M-7.17M
Financing Cash Flow
-53.53M-50.18M-93.68M-56.28M-55.10M-31.45M

A & S Group (Holdings) Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.10
Price Trends
50DMA
0.12
Negative
100DMA
0.12
Negative
200DMA
0.11
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
32.58
Neutral
STOCH
17.78
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1737, the sentiment is Negative. The current price of 0.1 is below the 20-day moving average (MA) of 0.12, below the 50-day MA of 0.12, and below the 200-day MA of 0.11, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 32.58 is Neutral, neither overbought nor oversold. The STOCH value of 17.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1737.

A & S Group (Holdings) Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (66)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
76
Outperform
HK$102.00M9.625.05%19.61%14.91%24.71%
72
Outperform
HK$75.97M7.6816.59%4.70%139.07%193.94%
68
Neutral
HK$3.27B6.329.70%7.97%2.68%8.49%
66
Neutral
$4.51B12.295.40%248.53%4.14%-12.41%
59
Neutral
HK$191.70M6.24
7.69%-81.72%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1737
A & S Group (Holdings) Limited
0.10
0.02
25.00%
HK:1995
CIFI Ever Sunshine Services Group Limited
1.89
0.36
23.53%
HK:1235
Travel Expert (Asia) Enterprises Limited
0.15
0.04
36.36%
HK:1623
Hilong Holding Ltd.
0.11
0.00
0.00%

A & S Group (Holdings) Limited Corporate Events

A & S Group Delays Circular Dispatch for JV Agreement
May 2, 2025

A & S Group (Holdings) Limited has announced a further delay in the dispatch of a circular related to major transactions concerning a joint venture agreement. Initially expected to be sent out by May 2, 2025, the circular’s dispatch has been postponed to on or before May 12, 2025, due to the need for additional time to finalize certain information. This delay may impact stakeholders’ expectations regarding the timeline of the joint venture’s progression.

A & S Group Enhances Security Service Agreement Oversight
Apr 17, 2025

A & S Group (Holdings) Limited has issued a supplemental announcement regarding its Security Service Framework Agreement, ensuring that the terms for Continuing Connected Transactions are fair and reasonable. The company has implemented internal control measures, including fee reviews by the operation manager, final approval by the general manager, and transaction monitoring by the finance manager, to maintain compliance with pricing policies and listing rules. Annual reviews by auditors and independent directors will further ensure adherence to the agreement’s terms, supporting the company’s operational integrity and stakeholder trust.

A & S Group Granted Waiver for Circular Dispatch Delay
Apr 10, 2025

A & S Group (Holdings) Limited has announced a delay in the dispatch of a circular related to a major transaction involving a joint venture agreement. The company has been granted a waiver by the Stock Exchange from strict compliance with a listing rule, allowing them to send the circular by May 2, 2025, instead of the initially planned April 10, 2025. This waiver is conditional and may be withdrawn if the company’s situation changes.

A & S Group Renews Security Service Agreement with Parkston
Apr 3, 2025

A & S Group (Holdings) Limited has entered into a renewed Security Service Framework Agreement with Parkston, effective from April 1, 2025, to March 31, 2028. This agreement involves Parkston providing security services to A & S Group, with pricing determined through competitive quotations to ensure market fairness. The transactions under this agreement are classified as continuing connected transactions under Hong Kong’s Listing Rules, requiring reporting and annual review but exempt from circular and shareholder approval due to the size of the transactions. Directors with potential conflicts of interest abstained from voting on the agreement.

A & S Group Enters Major JV Agreement to Expand Logistics Operations
Mar 19, 2025

A & S Group (Holdings) Limited has entered into a joint venture (JV) agreement with independent third parties, Mr. Fei and Ms. Fu, to form a JV company. This major transaction involves the grant of Call and Put Options, with a potential consideration of up to HK$95,000,000. The transaction is classified as a major one under the Listing Rules, requiring reporting and shareholder approval, which has been obtained from the majority shareholder, Dynamic Victor. The JV aims to expand the company’s logistics operations, but its formation is subject to several conditions precedent, and shareholders are advised to exercise caution.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.