A & S Group (Holdings) Limited (HK:1737)
:1737
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A & S Group (Holdings) Limited
(1737)
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Rating:54Neutral
Price Target:
HK$0.11
▲(17.78% Upside)
Action:ReiteratedDate:03/24/26
The score is driven primarily by weakening financial performance (2025 revenue decline and a return to losses), partly offset by continued positive cash generation. Technical signals are subdued with limited trend strength. Valuation is mixed: a very high dividend yield helps, but the negative P/E reflects current earnings weakness.
Positive Factors
Strong cash generation
Sustained positive operating and free cash flow (~HKD52.3M in 2025) provides durable liquidity to fund operations, service debt and support dividends or capex even during an earnings downturn, giving the firm a multi-month cushion to execute restructuring or growth plans.
Negative Factors
Revenue and earnings deterioration
A material revenue decline (-14.9%) and return to an operating loss undermine margin sustainability and internal funding. Prolonged top-line weakness reduces scale benefits, pressures fixed-cost coverage and limits the firm's ability to reinvest in service capability or competitive positioning.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Sustained positive operating and free cash flow (~HKD52.3M in 2025) provides durable liquidity to fund operations, service debt and support dividends or capex even during an earnings downturn, giving the firm a multi-month cushion to execute restructuring or growth plans.
Read all positive factors
A & S Group (Holdings) Limited (1737) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$102.00M
Dividend Yield20.83%
Average Volume (3M)64.33K
Price to Earnings (P/E)―
Beta (1Y)0.24
Revenue Growth-27.59%
EPS Growth-396.23%
CountryHK
Employees363
SectorIndustrials
Sector Strength72
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)-0.01
Shares Outstanding1,000,000,000
10 Day Avg. Volume7,000
30 Day Avg. Volume64,333
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.69
Price to Sales (P/S)0.23
P/FCF Ratio2.43
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
A & S Group (Holdings) Limited Business Overview & Revenue Model
Company Description
A & S Group (Holdings) Limited, an investment holding company, provides air freight forwarding ground handling, and air cargo terminal operating services in Hong Kong. Its air freight forwarding ground handling services include air cargo X-ray scr...
A & S Group (Holdings) Limited Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
55
Neutral
Cash Flow
66
Positive
| Breakdown | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 553.59M | 649.57M | 508.46M | 520.20M | 408.50M |
| Gross Profit | 39.21M | 74.13M | 45.85M | 79.42M | 59.31M |
| EBITDA | 32.52M | 78.95M | 68.10M | 87.73M | 93.15M |
| Net Income | -19.80M | 17.63M | 8.59M | 32.52M | 40.52M |
Balance Sheet | |||||
| Total Assets | 319.98M | 310.35M | 329.20M | 316.23M | 310.12M |
| Cash, Cash Equivalents and Short-Term Investments | 79.22M | 84.99M | 82.69M | 128.73M | 101.86M |
| Total Debt | 71.50M | 11.02M | 60.14M | 36.94M | 54.04M |
| Total Liabilities | 135.66M | 86.22M | 122.71M | 93.32M | 89.73M |
| Stockholders Equity | 184.32M | 224.13M | 206.49M | 222.91M | 220.39M |
Cash Flow | |||||
| Free Cash Flow | 52.30M | 52.08M | 47.16M | 83.15M | 65.58M |
| Operating Cash Flow | 72.88M | 54.81M | 54.62M | 90.37M | 74.93M |
| Investing Cash Flow | -20.14M | -2.34M | -6.98M | -7.22M | -8.26M |
| Financing Cash Flow | -58.51M | -50.18M | -93.68M | -56.28M | -55.10M |
A & S Group (Holdings) Limited Technical Analysis
Negative
0.09
Price Trends
0.11
Negative
0.10
Negative
0.10
Negative
Market Momentum
>-0.01
Positive
42.11
Neutral
-7.14
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 0.09 is below the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.11, and below the 200-day MA of 0.10, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.11 is Neutral, neither overbought nor oversold. The STOCH value of -7.14 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | HK$102.00M | -2.30 | -17.58% | 20.83% | -27.59% | -396.23% | |
53 Neutral | HK$288.00M | -62.22 | -2.55% | ― | -1.40% | -128.66% | |
47 Neutral | HK$577.92M | 5.62 | 7.49% | ― | 13.85% | 37.13% | |
44 Neutral | HK$593.55M | -3.13 | -13.21% | 2.25% | -35.13% | -11.52% | |
41 Neutral | HK$23.90M | -0.80 | -48.39% | ― | -15.52% | 38.11% | |
41 Neutral | HK$86.12M | -2.67 | -42.02% | ― | 3.45% | -339.07% |
* Industrials Sector Average
HK:1737
A & S Group (Holdings) Limited
0.10
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0.23
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50.00%
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YTO International Express and Supply Chain Technology Limited
1.42
0.40
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0.13
-0.03
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Grand Power Logistics Group Limited
0.28
0.14
100.00%
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.