Company Overview - Asia Cassava Resources Holdings Limited is an international comprehensive supplier of cassava chips, established in 1984. The company was the largest exporter of cassava chips in Thailand and the largest supplier in China from 2003 to 2014 [4] - The bilateral cassava trade between Thailand and China accounts for two-thirds of the global trade, with Asia Cassava Resources holding over 30% of the trade volume between the two countries [4] - The company has established long-term commercial relationships with over 200 cassava suppliers in Southeast Asia and operates nine warehouses and port facilities in Thailand, with subsidiaries in Cambodia, Laos, and Vietnam [4] Financial Performance - As of September 30, 2024, the company reported total revenue of 405 million yuan, a year-on-year decrease of 47.54% [2] - The net profit attributable to the parent company was -8.15 million yuan, reflecting a year-on-year decrease of 155.09% [2] - The gross profit margin stood at 7.58%, with a debt-to-asset ratio of 63.63% [2] Market Position and Valuation - Currently, there are no institutional investment ratings for the stock [3] - The average price-to-earnings (P/E) ratio for the food and beverage industry is 23.55 times, with a median of 8.41 times. Asia Cassava Resources has a P/E ratio of -0.37 times, ranking 88th in the industry [3] - Comparatively, other companies in the sector have P/E ratios ranging from 4.25 to 5.54 times [3] Recent Stock Performance - On June 12, the Hang Seng Index fell by 1.36%, closing at 24,035.38 points. Asia Cassava Resources' stock closed at 0.098 HKD per share, up 12.64%, with a trading volume of 180,000 shares and a turnover of 15,800 HKD, showing a volatility of 14.94% [1]
木薯资源（00841.HK）6月12日收盘上涨12.64%，成交1.58万港元