PanAsialum Holdings Co. Ltd. (2078) AI Stock Analysis

• Market Cap: HK$161.92M
• Dividend Yield: N/A
• Average Volume (3M): 114.33K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.09
• Revenue Growth: -26.79%
• EPS Growth: -112.82%
• Country: HK
• Employees: 721
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Aluminum
• EPS (TTM): -0.02
• Shares Outstanding: 1,200,000,000
• 10 Day Avg. Volume: 45,400
• 30 Day Avg. Volume: 114,333
• PEG Ratio: 1.59
• Price to Book (P/B): 0.16
• Price to Sales (P/S): 0.13
• P/FCF Ratio: 3.10
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: HK$0.14 ▲(5.38% Upside)

The overall stock score is primarily influenced by financial performance challenges, including negative EBIT and potential liquidity risks. Technical analysis indicates a neutral to slightly bearish trend, while valuation metrics highlight unattractiveness due to a negative P/E ratio and lack of dividend yield.

Positive Factors

Improved Leverage

Improved leverage indicates a stronger financial position, reducing risk and enhancing the company's ability to invest in growth opportunities.

Gross Profit Margin Improvement

An improving gross profit margin suggests better cost management and pricing power, which can lead to enhanced profitability over the long term.

Diverse Revenue Streams

Diverse revenue streams across multiple sectors reduce dependency on a single market, providing stability and growth potential.

Negative Factors

Declining Revenue

Declining revenue indicates challenges in market demand or competitive positioning, which could impact long-term growth and profitability.

Negative Operating Cash Flow

Negative operating cash flow suggests potential liquidity issues, limiting the company's ability to fund operations and invest in growth.

Consistent Negative EBIT

Persistent negative EBIT reflects ongoing operational challenges, which can hinder profitability and long-term financial health.

PanAsialum Holdings Co. Ltd. Business Overview & Revenue Model

Company Description

PanAsialum Holdings Company Limited, an investment holding company, manufactures and trades in aluminum products in the Mainland China, Hong Kong, Canada, Singapore, the United Kingdom, Australia, and internationally. It offers electronic, mechanical equipment, and LED heatsinks; skirt boards and auto parts; solar module frame series; electronic products and accessories series; fences series; and door and window system supply services, including doors and windows with related accessories development, profiles die development, specialized products customization, and related installation guidance. The company's products are used in electronic products accessories, solar system, rail transit, lightweight of automobile, shipbuilding, outdoor equipment, medical devices, high-end machinery, municipal construction, and general industrial profiles, as well as frames for doors, windows, and curtain walls. In addition, it engages in property holding activities. The company was founded in 1990 and is based in Kwun Tong, Hong Kong. PanAsialum Holdings Company Limited is a subsidiary of Easy Star Holdings Limited.

How the Company Makes Money

PanAsialum Holdings generates revenue through multiple streams, primarily from the sale of aluminum products, which include extrusions, fabricated components, and finishing services. The company benefits from economies of scale in manufacturing, allowing it to maintain competitive pricing while ensuring quality. Key revenue streams include direct sales to construction companies, partnerships with automotive manufacturers, and contracts with electronics firms for specialized aluminum components. Additionally, PanAsialum may engage in long-term supply agreements and collaborations with industry partners, which provide stable revenue sources and enhance market presence. Factors contributing to its earnings include strong demand in construction and infrastructure projects, advancements in production technology, and a growing emphasis on lightweight materials in automotive and electronics applications.

PanAsialum Holdings Co. Ltd. Financial Statement Overview

Summary

PanAsialum Holdings Co. Ltd. faces operational inefficiencies with consistent negative EBIT and declining revenue. Despite improved leverage and equity structure, profitability and liquidity remain concerns, as indicated by weak return on equity and potential liquidity risks.

Income Statement

The company's gross profit margin has improved over the years, reaching 17.9% in 2024 from 1.6% in 2019. However, the consistent negative EBIT indicates operational inefficiencies, with a slight improvement shown in 2024. Revenue has been declining, with a significant drop from 2019 to 2024. The net profit margin is positive due to non-operational income, which indicates vulnerability in core profitability.

Balance Sheet

The debt-to-equity ratio has improved, showing decreased leverage from 2019 to 2024, with a current ratio of 0.38 in 2024. The equity ratio has increased, reflecting a stronger equity base. However, the return on equity remains weak, indicating limited profitability on shareholders’ investment.

Cash Flow

The company has shown fluctuations in cash flow, with a notable negative trend in operating cash flow over recent years, ending at zero in 2024. Despite improvements in free cash flow between 2022 and 2023, the 2024 results highlight potential liquidity challenges if these trends persist.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	726.02M	917.18M	1.04B	1.61B	1.85B	1.82B
Gross Profit	118.31M	164.24M	163.78M	223.03M	150.97M	90.82M
EBITDA	22.29M	85.49M	90.36M	59.50M	-196.37M	1.46B
Net Income	-4.21M	28.08M	28.16M	-104.62M	-340.73M	920.83M
Balance Sheet
Total Assets	1.15B	1.41B	1.43B	1.68B	2.14B	4.01B
Cash, Cash Equivalents and Short-Term Investments	247.16M	369.00M	226.24M	73.67M	54.60M	26.75M
Total Debt	219.10M	275.26M	213.44M	399.95M	500.12M	1.85B
Total Liabilities	437.63M	682.13M	710.48M	967.97M	1.23B	2.78B
Stockholders Equity	708.92M	731.90M	721.04M	716.03M	913.53M	1.23B
Cash Flow
Free Cash Flow	-220.77M	37.91M	219.11M	142.70M	-390.71M	-188.17M
Operating Cash Flow	-214.50M	41.15M	226.83M	168.37M	-287.50M	-97.11M
Investing Cash Flow	-64.23M	-1.11M	11.11M	-48.96M	1.76B	40.66M
Financing Cash Flow	-90.89M	31.96M	-80.15M	-92.63M	-1.44B	67.27M

PanAsialum Holdings Co. Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.13
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2078, the sentiment is Negative. The current price of 0.13 is above the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.13, and below the 200-day MA of 0.14, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.04 is Neutral, neither overbought nor oversold. The STOCH value of 94.81 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2078.

PanAsialum Holdings Co. Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1378	78 Outperform	HK$344.85B	11.87	24.18%	5.10%	15.38%	41.07%
0098	75 Outperform	HK$3.00B	3.86	12.58%	8.68%	10.71%	-22.12%
2600	73 Outperform	HK$261.22B	17.48	19.96%	3.32%	20.06%	20.03%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
2078	49 Neutral	HK$161.92M	-38.57	-0.59%	―	-26.79%	-112.82%
3363	46 Neutral	HK$175.00M	6.82	2.13%	6.11%	0.80%	81.27%
2738	45 Neutral	HK$174.00M	-0.26	-296.26%	―	-49.77%	-1095.34%

PanAsialum Holdings Co. Ltd. Corporate Events

PanAsialum Holdings Announces Executive Reshuffle

PanAsialum Holdings Company Limited has announced significant changes in its executive team. Mr. Ho Pak Yiu has resigned from his roles as Executive Director, Chief Financial Officer, Company Secretary, and other positions within the company, effective November 6, 2025, to pursue other endeavors. The company has appointed Mr. Lam Ho Keung, who has extensive experience in finance and management, as the new Company Secretary and Authorised Representative. These changes are expected to impact the company’s strategic direction and operational management.

PanAsialum Holdings Announces New Board Composition

PanAsialum Holdings Co. Ltd. has announced the composition of its board of directors, effective from November 6, 2025. The board includes Mr. Pan Zhaolong as the Chairman and CEO, Ms. Lam Yuen Man Maria as a Non-executive Director, and three Independent Non-executive Directors: Dr. Cheung Wah Keung, Mr. Chan Kai Nang, and Mr. Man Yiu Kwong Nick. This announcement outlines the roles and committee memberships of each director, indicating a structured governance framework that may influence the company’s strategic direction and operational oversight.