Asia Commercial Holdings Limited (0104.HK)

Asia Commercial Holdings Limited (0104.HK) — VMCI valuation read

Asia Commercial Holdings Limited sits at VMCI 67/100, with the Consumer Cyclical sector median at 50. That 17-point spread is the first thing to note on 0104.HK: it tells the reader the composite is favorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on 0104.HK are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on 0104.HK: 0104.HK trades at 22.0x earnings, 22% above the Consumer Cyclical median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 8.0% trails the Consumer Cyclical median (10.0%) by 2.0pp. The Risk read: net debt to EBITDA of 2.6x is the rate-sensitivity line to watch, anchoring the bear scenario on a measurable balance-sheet metric.

0104.HK rose 2.4% over the trailing 7 days, with a +7.7% read on a 30-day basis.