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

• Market Cap: HK$166.72M
• Dividend Yield: N/A
• Average Volume (3M): 127.10K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.14
• 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: 46,200
• 30 Day Avg. Volume: 127,100
• 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: 45 Neutral
• Price Target: HK$0.14 ▼(-8.67% Downside)

The overall stock score reflects significant challenges in financial performance, with operational inefficiencies and liquidity risks. Technical analysis indicates bearish momentum, while valuation metrics highlight unprofitability. These factors collectively suggest caution for potential investors.

Positive Factors

Improved Gross Profit Margins

The improvement in gross profit margins indicates enhanced cost management and pricing strategies, contributing to better long-term financial health.

Decreased Leverage

Reduced leverage enhances financial stability and lowers risk, providing the company with more flexibility to invest in growth opportunities.

Stronger Equity Base

A stronger equity base indicates a solid capital structure, which can support future expansion and withstand economic fluctuations.

Negative Factors

Operational Inefficiencies

Operational inefficiencies can hinder profitability and growth, requiring strategic changes to improve long-term operational performance.

Declining Revenue

A declining revenue trend suggests challenges in market demand or competitive positioning, potentially impacting future growth prospects.

Potential Liquidity Challenges

Potential liquidity challenges can constrain the company's ability to invest in growth and meet financial obligations, affecting long-term viability.

PanAsialum Holdings Co. Ltd. Business Overview & Revenue Model

Company Description

PanAsialum Holdings Co. Ltd. (2078) is a leading manufacturer and supplier in the aluminum products industry, specializing in high-quality aluminum extrusion, fabrication, and finishing services. The company operates primarily in the Asia-Pacific region, serving diverse sectors such as construction, automotive, and electronics. With a commitment to innovation and sustainability, PanAsialum offers a wide range of aluminum products, including profiles, sheets, and custom solutions tailored to meet the specific needs of its clients.

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: Neutral
• Last Price: 0.15
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• 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 Neutral. The current price of 0.15 is above the 20-day moving average (MA) of 0.14, above the 50-day MA of 0.14, and above the 200-day MA of 0.14, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.74 is Neutral, neither overbought nor oversold. The STOCH value of 90.63 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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$282.68B	10.15	24.18%	5.28%	15.38%	41.07%
0098	75 Outperform	HK$3.20B	4.12	12.58%	8.64%	10.71%	-22.12%
2600	73 Outperform	$180.49B	12.45	19.96%	3.48%	20.06%	20.03%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
3363	58 Neutral	HK$185.00M	7.21	2.13%	5.95%	0.80%	81.27%
2078	45 Neutral	HK$166.72M	-39.71	-0.59%	―	-26.79%	-112.82%
2738	45 Neutral	HK$156.00M	―	-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.

PanAsialum Faces Uncertainty with Major Customer Orders

PanAsialum Holdings Co. Ltd. has announced that it has not secured any new orders from its largest customer for solar panel products since providing price quotations in mid-July 2025. This development is expected to have a material impact on the company’s revenue and profits for the second half of 2025. The company is actively seeking to mitigate these impacts by diversifying its customer base geographically and implementing cost-saving measures.

PanAsialum Holdings Reports Significant Financial Decline in H1 2025

PanAsialum Holdings Co. Ltd. reported a significant decline in its financial performance for the first half of 2025, with revenue dropping by 44% to HK$242.8 million and gross profit decreasing by 61.5% to HK$28.7 million compared to the same period in 2024. The company also reported a loss of HK$26.4 million, a stark contrast to the profit of HK$5.9 million recorded in the previous year, indicating challenging market conditions and potential operational difficulties.

PanAsialum Holdings Announces Board Meeting for Interim Results

PanAsialum Holdings Company Limited has announced that its board of directors will hold a meeting on August 25, 2025. The meeting will focus on approving the unaudited interim results for the first half of 2025 and considering the declaration of an interim dividend, which could have implications for the company’s financial strategy and stakeholder returns.