Ares Asia Limited (0645) Fair Value & Analysis
Energy · HK · Market cap HK$86.7M
Fair value as of: Aug 13, 2026
From 3 valuation models · updated 2 days ago
Share price −1.7% over the past month.
A solid business, screening 58% undervalued on our models.
What matters now
- The price is below even our cautious bear case (HK$0.1900). The market is more pessimistic than our downside scenario.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (HK$0.1900 to HK$0.3600) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range HK$0.0480 – HK$1.60 · fair‑value band HK$0.1900 – HK$0.3600 · the HK$0.1770 price screens below the HK$0.2800 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Ares Asia Limited (0645) currently trades at HK$0.1770, while our model-based Fair Value estimate is HK$0.2800, implying the stock looks roughly 58.2% undervalued today. The Quality Score stands at 62/100 (solid quality), in the Energy sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.
Over the trailing twelve months, Ares Asia Limited generated revenue of HK$7.0M at a net margin of -10.6%. Revenue declined 85.1% year over year. It earns a return on equity of -17.5%. Fundamentals as of Aug 13, 2026
Our scenario range runs from HK$0.1900 (bear case) to HK$0.3600 (bull case); at HK$0.1770, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 16% below its 52-week high and 113% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -5% fair-value upside, at 58%, 0645 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 3 models by family
Widest divergence: Dividend Discount (HK$0.2400) versus Asset-Based (HK$0.0100). Highest evidence: Gordon GGM (70).
Notify me when 0645 reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 62 · Market factors (momentum, volatility) 53
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Ares Asia Limited, an investment holding company, engages in the trading of coal and other commodities in Mainland China, Hong Kong, Singapore, and Vietnam. The company was formerly known as KTP Holdings Limited and changed its name to Ares Asia Limited in April 2012. Ares Asia Limited was incorporated in 1993 and is headquartered in Kowloon, Hong Kong.
Full company description
Ares Asia Limited, an investment holding company, engages in the trading of coal and other commodities in Mainland China, Hong Kong, Singapore, and Vietnam. The company was formerly known as KTP Holdings Limited and changed its name to Ares Asia Limited in April 2012. Ares Asia Limited was incorporated in 1993 and is headquartered in Kowloon, Hong Kong. The company is a subsidiary of Reignwood International Holdings Company Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Ares Asia Limited reported revenue of HK$6.9M in FY2026 versus HK$102M in FY2022, a compound −48.9%/yr. Reported net income was −HK$737K in FY2026.
Watch 0645: get an alert when its fair value changes →
Peer Group
Thermal Coal · 99 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Thermal Coal median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Thermal Coal stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Shenhua Energy Company 601088 | ¥44.07 | ¥34.97 | -21% |
| Adani Enterprises Limited ADANIENT | ₹2,965 | ₹891.11 | -70% |
| Shaanxi Coal Industry Company 601225 | ¥25.08 | ¥23.90 | -5% |
| Yankuang Energy Group 600188 | ¥22.09 | ¥13.24 | -40% |
| Coal India Limited COALINDIA | ₹409.30 | ₹464.01 | +13% |
| China Coal Energy Company 601898 | ¥13.93 | ¥13.91 | -0% |
| Inner Mongolia Dian Tou Energy Corporation 002128 | ¥26.48 | ¥20.72 | -22% |
| Shanxi Lu'an Environmental Energy Development Co 601699 | ¥16.27 | ¥7.20 | -56% |
| PT Alamtri Resources Indonesia Tbk, ADRO | 2,520 IDR | 3,037 IDR | +21% |
| PT Adaro Andalan Indonesia Tbk AADI | 9,350 IDR | 13,935 IDR | +49% |
Compare Ares Asia Limited with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Energy stocks →
Frequently asked questions
Is Ares Asia Limited (0645) overvalued or undervalued?
What is the fair value of 0645?
What is the quality score of 0645?
What is the revenue of Ares Asia Limited (0645)?
What is the net profit margin of 0645?
How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
Track Ares Asia Limited and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.