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Asia Grocery Distribution Limited (HK:8413)
:8413
Hong Kong Market
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Asia Grocery Distribution Limited (8413) AI Stock Analysis

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HK:8413

Asia Grocery Distribution Limited

(8413)

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Neutral 54 (OpenAI - 5.2)
Rating:54Neutral
Price Target:
HK$0.05
▼(-75.00% Downside)
Action:Reiterated
Date:06/29/26
The score is held up by a conservatively financed balance sheet and generally solid cash generation in recent years, but is weighed down by fragile profitability (thin margins, 2026 operating loss, revenue decline and margin compression), bearish technical trend signals, and an elevated P/E with no stated dividend support.
Positive Factors
Conservatively financed balance sheet
Low leverage and a stable equity base (~HK$97–104M) give the company financial flexibility to withstand margin pressure or cyclical demand shifts. This reduces default risk, supports access to credit, and preserves optionality for capital spending or working-capital needs over the next several months.
Negative Factors
Very thin net margins
Net margins near zero leave virtually no buffer against cost inflation, supplier price moves, or volume weakness. Such compressed profitability constrains reinvestment, limits ability to build reserves, and makes the company highly sensitive to modest adverse changes in costs or pricing over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservatively financed balance sheet
Low leverage and a stable equity base (~HK$97–104M) give the company financial flexibility to withstand margin pressure or cyclical demand shifts. This reduces default risk, supports access to credit, and preserves optionality for capital spending or working-capital needs over the next several months.
Read all positive factors

Asia Grocery Distribution Limited (8413) vs. iShares MSCI Hong Kong ETF (EWH)

Asia Grocery Distribution Limited Business Overview & Revenue Model

Company Description
Operating as an investment holding company, Asia Grocery Distribution Limited is a key player in the sourcing and distribution of food and beverage items throughout Hong Kong. Its comprehensive product portfolio includes staple commodities like ri...

Asia Grocery Distribution Limited Financial Statement Overview

Summary
Financials are mixed: a low-leverage balance sheet (Balance Sheet Score 74) and consistently positive operating/free cash flow since 2023 (Cash Flow Score 70) support stability, but profitability remains thin and fragile. Revenue turned down in 2026 (-6.8%), gross margin compressed (~23.6% to ~20.0%), and 2026 showed a small operating loss despite positive net income, aligning with the middling Income Statement Score (54).
Income Statement
54
Neutral
Balance Sheet
74
Positive
Cash Flow
70
Positive
BreakdownMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue281.99M302.54M292.48M286.24M241.37M
Gross Profit56.35M71.41M66.11M66.81M58.33M
EBITDA5.45M10.83M10.63M4.51M6.62M
Net Income1.81M1.06M1.86M-4.41M-2.14M
Balance Sheet
Total Assets131.63M125.13M132.30M135.60M123.16M
Cash, Cash Equivalents and Short-Term Investments70.04M60.87M47.03M34.98M29.80M
Total Debt9.67M4.76M13.62M19.79M8.47M
Total Liabilities29.89M25.20M33.43M38.60M21.75M
Stockholders Equity101.74M99.93M98.87M97.01M101.42M
Cash Flow
Free Cash Flow15.30M21.58M19.01M10.74M-4.79M
Operating Cash Flow16.32M23.94M19.51M14.05M-2.52M
Investing Cash Flow-948.00K-2.78M-419.00K-3.70M-1.78M
Financing Cash Flow-6.78M-7.36M-7.05M-5.17M-4.34M

Asia Grocery Distribution Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.18
Price Trends
50DMA
0.06
Negative
100DMA
0.11
Negative
200DMA
0.13
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
43.89
Neutral
STOCH
95.83
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8413, the sentiment is Negative. The current price of 0.18 is above the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.06, and above the 200-day MA of 0.13, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 43.89 is Neutral, neither overbought nor oversold. The STOCH value of 95.83 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8413.

Asia Grocery Distribution Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
69
Neutral
HK$281.57M8.285.23%6.06%-2.76%41.23%
68
Neutral
HK$1.65B7.5340.80%10.34%2.23%-11.23%
67
Neutral
HK$335.14M7.858.14%7.38%9.44%-27.68%
62
Neutral
$20.33B14.63-3.31%3.23%1.93%-12.26%
54
Neutral
HK$53.45M19.170.78%-6.80%77.78%
49
Neutral
HK$569.07M35.30-0.08%4.20%-24.64%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:8413
Asia Grocery Distribution Limited
0.05
-0.06
-56.19%
HK:0831
Convenience Retail Asia Limited
0.36
0.02
6.19%
HK:3999
Dachan Food (Asia) Limited
0.56
-0.06
-9.68%
HK:2119
Tsit Wing International Holdings Limited
0.47
-0.13
-21.59%
HK:2360
Best Mart 360 Holdings Ltd.
1.65
-0.25
-13.20%
HK:2625
Jiangsu Horizon Chain Supermarket Company Limited Class H
2.39
-0.13
-5.16%
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.Date of analysis: Jun 29, 2026