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

• Market Cap: HK$100.00M
• Dividend Yield: 20%
• Average Volume (3M): 185.33K
• Price to Earnings (P/E): 9.6
• Beta (1Y): 0.24
• Revenue Growth: -14.78%
• EPS Growth: -212.50%
• Country: HK
• Employees: 363
• Sector: Industrials
• Sector Strength: 72
• Industry: Integrated Freight & Logistics
• EPS (TTM): -0.02
• Shares Outstanding: 1,000,000,000
• 10 Day Avg. Volume: 366,000
• 30 Day Avg. Volume: 185,333
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 49 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

The overall score reflects significant financial challenges, including declining revenue and profitability, which are the most impactful factors. Technical analysis indicates a bearish trend, and the valuation is concerning due to a negative P/E ratio and an unsustainable dividend yield. The lack of earnings call and corporate events data limits further insights.

Positive Factors

Cash Generation Ability

A strong free cash flow to net income ratio indicates efficient cash generation, providing financial flexibility and supporting long-term operations.

Balance Sheet Health

A moderate debt-to-equity ratio suggests manageable leverage, which supports financial stability and reduces risk in uncertain market conditions.

Operational Efficiency

Maintaining a positive EBITDA margin indicates operational efficiency, which can help the company withstand profitability pressures and improve over time.

Negative Factors

Revenue Decline

A significant decline in revenue growth can impact the company's market position and long-term growth prospects, necessitating strategic adjustments.

Profitability Challenges

Deteriorating margins and negative profitability indicate challenges in cost management and pricing power, affecting long-term financial health.

Earnings Decline

A sharp decline in EPS growth reflects significant earnings challenges, which can undermine investor confidence and hinder future investment capacity.

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

Company Description

A & S Group (Holdings) Limited (1737) is a diversified investment holding company based in Hong Kong. The company primarily focuses on sectors such as manufacturing, property investment, and trading. A & S Group engages in the production of high-quality textiles and garments, while also investing in real estate projects that enhance its portfolio. By leveraging strategic partnerships and a robust supply chain, the company aims to deliver value across its various business segments.

How the Company Makes Money

A & S Group generates revenue through multiple streams, including the sale of manufactured textiles and garments, which form a significant portion of its income. The company profits from property investments by leasing commercial and residential properties, thereby earning rental income. Additionally, A & S Group may engage in trading activities, sourcing products for wholesale distribution, which further contributes to its revenue. Strategic partnerships with suppliers and distributors enhance its market reach, while efficient production processes help maintain cost-effectiveness and profitability.

A & S Group (Holdings) Limited Financial Statement Overview

Summary

The company faces challenges with declining revenue and profitability, impacting its income statement. The balance sheet remains stable with moderate leverage, but profitability issues are evident. Cash flow generation is relatively strong, providing some financial flexibility. Overall, the company needs to address revenue and margin pressures to improve its financial health.

Income Statement

The company has experienced a decline in revenue growth, with a significant drop of 14.89% in the latest year. Margins have also deteriorated, with a negative net profit margin of -3.58% and a negative EBIT margin. The gross profit margin has decreased to 7.08%, indicating pressure on profitability. Despite these challenges, the company has maintained a positive EBITDA margin, suggesting some operational efficiency.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio of 0.39, indicating manageable leverage. However, the return on equity has turned negative, reflecting recent losses. The equity ratio remains stable, suggesting a solid capital structure despite profitability challenges.

Cash Flow

Cash flow analysis reveals a decline in free cash flow growth, but the company maintains a healthy operating cash flow to net income ratio of 0.79. The free cash flow to net income ratio is also strong at 0.72, indicating efficient cash generation relative to earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	650.44M	553.59M	649.57M	508.46M	520.20M	408.50M
Gross Profit	64.61M	39.21M	74.13M	45.85M	79.42M	59.31M
EBITDA	20.92M	32.52M	78.95M	68.10M	87.73M	93.15M
Net Income	10.55M	-19.80M	17.63M	8.59M	32.52M	40.52M
Balance Sheet
Total Assets	363.67M	319.98M	310.35M	329.20M	316.23M	310.12M
Cash, Cash Equivalents and Short-Term Investments	106.65M	79.22M	84.99M	82.69M	128.73M	101.86M
Total Debt	64.93M	71.50M	11.02M	60.14M	36.94M	54.04M
Total Liabilities	159.48M	135.66M	86.22M	122.71M	93.32M	89.73M
Stockholders Equity	204.19M	184.32M	224.13M	206.49M	222.91M	220.39M
Cash Flow
Free Cash Flow	61.70M	52.30M	52.08M	47.16M	83.15M	65.58M
Operating Cash Flow	72.74M	72.88M	54.81M	54.62M	90.37M	74.93M
Investing Cash Flow	-10.64M	-20.14M	-2.34M	-6.98M	-7.22M	-8.26M
Financing Cash Flow	-53.53M	-58.51M	-50.18M	-93.68M	-56.28M	-55.10M

A & S Group (Holdings) Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 0.10, below the 50-day MA of 0.10, and below the 200-day MA of 0.11, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 41.22 is Neutral, neither overbought nor oversold. The STOCH value of 54.55 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1442	68 Neutral	HK$701.76M	14.85	7.59%	―	13.85%	37.13%
Sector *	64 Neutral	$10.84B	15.28	7.40%	1.99%	2.87%	-14.59%
1737	49 Neutral	HK$100.00M	9.62	-9.70%	20.00%	-14.78%	-212.50%
1732	48 Neutral	HK$247.04M	6.69	-2.51%	―	-1.40%	-128.66%
8489	46 Neutral	HK$45.00M	―	-25.91%	―	3.45%	-339.07%
8482	42 Neutral	HK$24.41M	―	-52.93%	―	-15.82%	6.52%
6123	41 Neutral	HK$509.95M	―	-4.97%	1.89%	-35.13%	-11.52%

A & S Group (Holdings) Limited Corporate Events

A & S Group Proposes Amendments to Memorandum and Articles of Association

A & S Group (Holdings) Limited has announced proposed amendments to its existing memorandum and articles of association. These changes aim to align with the latest regulatory requirements, provide flexibility in holding general meetings, and allow the company to hold repurchased shares in treasury. The adoption of the amended documents is subject to shareholder approval at the upcoming annual general meeting.

A & S Group Reports Financial Loss for FY2025

A & S Group (Holdings) Limited reported a significant decline in its financial performance for the fiscal year ending March 31, 2025. The company’s revenue decreased by 14.8% to approximately HK$553.6 million, and it recorded a loss of approximately HK$19.8 million, compared to a profit of HK$17.6 million in the previous year. The gross profit margin also fell from 11.4% to 7.1%. Consequently, the board has decided not to recommend any final dividend for the year.

A & S Group Establishes Nomination Committee to Strengthen Governance

A & S Group (Holdings) Limited has established a Nomination Committee in accordance with the rules of the Hong Kong Stock Exchange. The committee is composed of at least three members, with a majority being independent non-executive directors, and aims to ensure diversity by including at least one director of a different gender. The committee will meet at least once a year, and its chairman, who must be either the chairman of the board or an independent non-executive director, will attend annual general meetings to address shareholder queries. This move is expected to enhance the company’s governance structure and ensure compliance with listing requirements, potentially improving investor confidence.

A & S Group Schedules Board Meeting to Approve Year-End Results

A & S Group (Holdings) Limited has announced an upcoming board meeting scheduled for June 27, 2025. The meeting will focus on approving the company’s final results for the fiscal year ending March 31, 2025, and considering the payment of a final dividend, which could impact shareholder returns and market perception.