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Asia-express Logistics Holdings Limited
(8620)
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Rating:45Neutral
Price Target:
HK$0.15
▲(65.56% Upside)
Action:Reiterated
Date:04/11/26
The score is driven primarily by weak financial performance—ongoing profitability issues and a steep decline in free cash flow growth—supported by mixed-to-weak technicals (price below key moving averages and low RSI). Valuation does not provide a clear offset, with a moderate P/E and no dividend yield support.
Positive Factors
Business model / Revenue mix
An asset-light freight-forwarding model that charges per shipment and bundles ancillary services supports steady per-shipment revenue and fee diversification. Over months, this structure preserves margins potential and scalability without heavy capex, provided management sustains carrier and agent relationships.
Negative Factors
Persistent unprofitable operations
Negative gross and net margins indicate the core forwarding business is not covering direct costs and overhead. Persistent unprofitability erodes equity, constrains reinvestment, and makes the company reliant on operational fixes or structural changes to restore sustainable earnings over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Business model / Revenue mix
An asset-light freight-forwarding model that charges per shipment and bundles ancillary services supports steady per-shipment revenue and fee diversification. Over months, this structure preserves margins potential and scalability without heavy capex, provided management sustains carrier and agent relationships.
Read all positive factors
Asia-express Logistics Holdings Limited (8620) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$72.34M
Dividend YieldN/A
Average Volume (3M)393.17K
Price to Earnings (P/E)―
Beta (1Y)-0.16
Revenue Growth-5.84%
EPS Growth68.66%
CountryHK
Employees175
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding528,000,000
10 Day Avg. Volume228,500
30 Day Avg. Volume393,166
Financial Highlights & Ratios
PEG Ratio1.30
Price to Book (P/B)3.10
Price to Sales (P/S)0.30
P/FCF Ratio0.00
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)N/A
Revenue Forecast (FY)N/A
Asia-express Logistics Holdings Limited Business Overview & Revenue Model
Company Description
Operating as an investment holding company, Asia-express Logistics Holdings Limited (AELH) specializes in providing air cargo ground handling solutions across Hong Kong and mainland China. Its extensive service portfolio comprises air cargo termin...
How the Company Makes Money
The company primarily makes money by charging customers for freight forwarding and logistics services, with revenue generated on a per-shipment (or contract) basis. Its core revenue stream comes from arranging air cargo transportation: it purchase...
Asia-express Logistics Holdings Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
50
Neutral
Cash Flow
40
Negative
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 327.68M | 348.01M | 356.16M | 327.74M | 412.90M |
| Gross Profit | 5.33M | -174.00K | 3.79M | -16.81M | -9.06M |
| EBITDA | 13.51M | 11.30M | 16.93M | 4.12M | 4.04M |
| Net Income | -1.11M | -3.54M | -4.46M | -20.18M | -18.30M |
Balance Sheet | |||||
| Total Assets | 153.05M | 101.51M | 111.83M | 139.28M | 178.46M |
| Cash, Cash Equivalents and Short-Term Investments | 22.33M | 9.17M | 12.43M | 7.77M | 25.78M |
| Total Debt | 79.39M | 28.66M | 33.23M | 63.34M | 80.19M |
| Total Liabilities | 121.17M | 68.54M | 75.37M | 105.84M | 123.80M |
| Stockholders Equity | 31.87M | 32.97M | 36.47M | 33.44M | 54.66M |
Cash Flow | |||||
| Free Cash Flow | 0.00 | 7.96M | 26.01M | 8.24M | 9.16M |
| Operating Cash Flow | 0.00 | 9.71M | 27.58M | 11.29M | 10.39M |
| Investing Cash Flow | 0.00 | 534.00K | 13.17M | -577.00K | -9.93M |
| Financing Cash Flow | 0.00 | -12.13M | -30.83M | -28.46M | -2.67M |
Asia-express Logistics Holdings Limited Technical Analysis
Negative
0.09
Price Trends
0.14
Negative
0.16
Negative
0.13
Positive
Market Momentum
<0.01
Positive
45.91
Neutral
25.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8620, the sentiment is Negative. The current price of 0.09 is below the 20-day moving average (MA) of 0.14, below the 50-day MA of 0.14, and below the 200-day MA of 0.13, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.91 is Neutral, neither overbought nor oversold. The STOCH value of 25.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8620.
Asia-express Logistics Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$126.00M | 6.46 | 8.50% | 6.71% | 6.33% | -1.52% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
45 Neutral | HK$72.34M | -65.24 | -12.16% | ― | -5.84% | 68.66% | |
40 Underperform | HK$106.44M | 0.16 | 2.58% | ― | 5.47% | ― | |
| ― | HK$177.09M | -4.24 | ― | ― | ― | ― | |
40 Underperform | HK$55.36M | -1.09 | -42.02% | ― | -31.62% | -1127.87% |
* Industrials Sector Average
HK:8620
Asia-express Logistics Holdings Limited
0.14
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87.67%
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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.