AOM INT'L

381.HK opened lower, bottomed out in the morning session, and rebounded slightly in the afternoon, closing at 0.098 HKD, down 2% from the previous close of 0.10 HKD, with an intraday range of approximately 5.2%. The company, Kiu Hung International, has recently released its 2025 ESG report, while its subsidiary AOM International plans to acquire a 51% stake in a target company via 100 million HKD convertible bonds, providing some support from the news front. However, financials remain under severe pressure: Q4 2025 revenue plunged 59.97% YoY to 48.688 million HKD, net loss reached 57.867 million HKD, and operating profit deteriorated 295.81% YoY. The PE stands at -0.95x, PB at 0.5x. The stock's price position is deeply weak, down 54.21% YTD and 90.3% from its 52-week high of 1.01 HKD, with the current price of 0.098 HKD below both the MA20 (0.103 HKD) and MA60 (0.17 HKD), underscoring a persistent bearish trend. However, if the M&A news materializes, it could potentially provide a marginal catalyst for business fundamentals.

权识国际（381.HK）今日下跌 5.9%，收报 0.095 港元，主因是收盘价触及 52 周低点，叠加最新财报显示营收与净利润同步大幅下滑。该股上午盘曾短暂冲高至 0.101 港元后回落，下午盘持续走弱。公司发布的 ESG 报告（2022、2024、2025 三年）并未提振市场信心。最新季度营收仅 4868 万港元，同比大降 59.97%；净亏损 5786.7 万港元，亏损幅度同比扩大 13.2%；净利率跌至-118.85%，营业利润转为-1394.6 万港元，同比恶化 295.81%。目前总市值约 1.12 亿港元，市净率 0.49 倍，但市盈率持续为负。年初至今累计下跌 55.61%，当前股价已跌破 20 日均线（0.104 港元）和 60 日均线（0.173 港元），离 52 周高点 1.01 港元相距超 90%，走势极为疲弱。近期公司公告拟通过可换股债券收购福建老酒销售 51% 股权等动作，反映转型尝试，但整体财务状况改善仍需时间。