YesAsia Holdings Limited (HK:2209)
:2209
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YesAsia Holdings Limited
(2209)
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Rating:63Neutral
Price Target:
HK$3.50
▼(-37.50% Downside)
Action:ReiteratedDate:03/29/26
The score is driven primarily by improved financial performance (profitability and growth) but held back by inconsistent cash flow quality. Technicals are the largest near-term risk due to a sustained downtrend and weak momentum. Valuation is a meaningful positive, with a low P/E and a modest dividend yield.
Positive Factors
Revenue growth and operational turnaround
Sustained, sharp revenue acceleration across 2023–2025 signals that the company has regained demand traction and scaled sales. Over a 2–6 month horizon this underpins durable top-line momentum, supports operating leverage and funding for reinvestment if management maintains execution.
Negative Factors
Volatile cash generation and weak cash conversion
Material swings in free cash flow and low operating cash relative to earnings point to inconsistent cash conversion quality. Over the medium term this can constrain capital allocation, increase refinancing or working capital risk, and make earnings less reliable for funding growth or paying dividends.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth and operational turnaround
Sustained, sharp revenue acceleration across 2023–2025 signals that the company has regained demand traction and scaled sales. Over a 2–6 month horizon this underpins durable top-line momentum, supports operating leverage and funding for reinvestment if management maintains execution.
Read all positive factors
YesAsia Holdings Limited (2209) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.27B
Dividend Yield1.89%
Average Volume (3M)645.90K
Price to Earnings (P/E)8.9
Beta (1Y)-0.42
Revenue Growth44.93%
EPS Growth18.38%
CountryHK
Employees520
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)0.17
Shares Outstanding417,810,150
10 Day Avg. Volume633,900
30 Day Avg. Volume645,900
Financial Highlights & Ratios
PEG Ratio0.46
Price to Book (P/B)2.59
Price to Sales (P/S)0.41
P/FCF Ratio34.05
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)0.08
Revenue Forecast (FY)HK$655.00M
YesAsia Holdings Limited Business Overview & Revenue Model
Company Description
YesAsia Holdings Limited (2209) is a leading online retailer specializing in Asian entertainment products, including music, movies, television shows, and merchandise. Founded in 1998, the company operates primarily through its e-commerce platform,...
How the Company Makes Money
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YesAsia Holdings Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 502.29M | 345.78M | 201.34M | 128.59M | 162.02M |
| Gross Profit | 137.57M | 105.39M | 62.70M | 42.73M | 55.62M |
| EBITDA | 47.98M | 26.39M | 15.49M | 1.27M | 4.65M |
| Net Income | 23.25M | 19.05M | 7.57M | -6.78M | -2.06M |
Balance Sheet | |||||
| Total Assets | 163.74M | 120.57M | 74.48M | 63.72M | 69.89M |
| Cash, Cash Equivalents and Short-Term Investments | 22.74M | 15.53M | 25.18M | 18.80M | 36.47M |
| Total Debt | 34.62M | 22.80M | 12.18M | 15.46M | 12.76M |
| Total Liabilities | 83.69M | 67.58M | 39.43M | 36.59M | 33.60M |
| Stockholders Equity | 80.13M | 53.00M | 35.05M | 27.14M | 36.29M |
Cash Flow | |||||
| Free Cash Flow | 6.10M | -1.27M | 8.21M | -9.51M | -1.33M |
| Operating Cash Flow | 12.76M | 1.95M | 8.99M | -5.08M | 252.00K |
| Investing Cash Flow | -10.61M | -3.10M | 1.38M | 993.00K | -10.04M |
| Financing Cash Flow | -1.55M | -7.51M | -1.95M | -8.19M | 10.81M |
YesAsia Holdings Limited Technical Analysis
Neutral
5.60
Price Trends
3.31
Positive
3.70
Negative
4.65
Negative
Market Momentum
0.05
Negative
53.11
Neutral
60.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2209, the sentiment is Neutral. The current price of 5.6 is above the 20-day moving average (MA) of 3.20, above the 50-day MA of 3.31, and above the 200-day MA of 4.65, indicating a neutral trend. The MACD of 0.05 indicates Negative momentum. The RSI at 53.11 is Neutral, neither overbought nor oversold. The STOCH value of 60.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2209.
YesAsia Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$2.25B | 6.91 | 36.38% | 4.07% | 40.39% | 81.74% | |
64 Neutral | HK$461.76M | 17.69 | 1.68% | ― | -7.94% | 34.88% | |
63 Neutral | HK$1.27B | 8.93 | 41.54% | 1.89% | 44.93% | 18.38% | |
62 Neutral | HK$2.82B | 9.74 | 8.16% | 4.75% | -3.18% | -36.46% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | HK$1.28B | -7.10 | -6.45% | ― | 5.73% | -35.54% |
* Consumer Cyclical Sector Average
HK:2209
YesAsia Holdings Limited
3.05
-1.12
-26.91%
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YesAsia Holdings Limited Corporate Events
YesAsia Announces Final HKD 0.10 Dividend for FY2025
Mar 27, 2026
YesAsia Holdings Limited has declared a final ordinary cash dividend of HKD 0.10 per share for the financial year ended 31 December 2025, reinforcing its dividend-paying track record and capital return policy to shareholders in the Hong Kong marke...
YesAsia Holdings Releases Audited 2025 Annual Results and Report
Mar 27, 2026
YesAsia Holdings Limited has released its audited consolidated annual results for the year ended 31 December 2025, fulfilling disclosure requirements under Hong Kong listing regulations. The company will distribute its full annual report to shareh...
YesAsia Elevates Veteran Board Member Hui Yat Yan Henry to Executive Director Role
Mar 27, 2026
YesAsia Holdings has announced that long-serving board member Hui Yat Yan Henry will be redesignated from non-executive director to executive director with effect from 1 April 2026. In his new role, Hui will oversee the group’s strategic dev...
YesAsia updates board and committee roles ahead of April 2026
Mar 27, 2026
YesAsia Holdings Limited has updated its board composition effective 1 April 2026, confirming four executive directors, two non-executive directors and three independent non-executive directors. The announcement underscores the company’s adh...
YesAsia Refutes Management Rights Sale Speculation
Feb 4, 2026
YesAsia denied media speculation that it is in talks to sell management rights, stating no formal discussions or offers exist and that it is unaware of any undisclosed price-sensitive information. The company urged investors to rely only on offici...
YesAsia Denies Any Formal Talks on Sale of Management Rights
Feb 3, 2026
YesAsia Holdings Limited issued a voluntary clarification to address media reports and market speculation suggesting it was in talks with financial investors over a potential sale of management rights. The company stated that, while it is from tim...
YesAsia Flags 44% Revenue Surge and Higher Profit for 2025
Jan 27, 2026
YesAsia Holdings Limited has issued a positive profit alert, indicating that unaudited consolidated revenue for the year ended 31 December 2025 is expected to rise 44.1% to about US$500 million from a restated US$347.1 million a year earlier, driv...
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.