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Home CompaniesAsiaStrategy

AsiaStrategy

Consumer Cyclical Luxury Goods
PortfolioPortfolio WatchlistWatchlist
Company price
2.35 USD 0.00(0%)
Last update at 2026-11-12T15:39:00Z
VOLUME
14220
Market Cap
55.20M
P/E
4.44

Momentum Score

…

AsiaStrategy, together with its subsidiaries, engages in trading, distribution, and retail of luxury watches in Hong Kong. The company sells its products under the Omega, Cartier, Rolex, Longines, Audermars Piguet, Patek Philippe, Blancpain, Casio, Breguet, and Hublot brand names. It serves business-to-business (B2B) customers including distributors, independent watch dealers, and retail sellers. The company was formerly known as Top Win International Limited and changed its name to AsiaStrategy in August 2025. The company was founded in 2001 and is based in Wan Chai, Hong Kong. AsiaStrategy is a subsidiary of Pride River Limited.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
2.35
Low
2.40
High
52 Week Price Range
1.25
Low
6.99
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Top Win International Limited (NASDAQ: SORA) has limited public disclosures and available SEC filings and investor materials do not clearly describe its core operations or markets. Because specifics are sparse, identifiable long-term growth drivers are not evident and investors may find the company of interest only if future disclosures clarify revenue drivers, scalable operations, or sustainable profitability.

The principal investment risks are lack of transparent and timely financial reporting, potential governance and liquidity concerns common among small, thinly traded foreign-listed companies, and the resulting uncertainty about revenue quality and solvency.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
2.35
Dividend Yield
-
Revenue TTM
10.99M
Revenue Per Share
0.45
Gross Profit TTM
0.38M
Debt / Equity
0.65
ROE
106.10%
Net Debt
1.63M
ROCE
-4.52%
Diluted EPS TTM
0.50

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Type yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Income before tax 1.60M -0.05M 0.21M 0.08M
Net income 1.58M -0.04M 0.20M 0.07M
Selling general administrative 1.81M 1.13M 0.68M 0.85M
Selling and marketing expenses 0.15M 0.06M 0.16M 0.22M
Gross profit 0.04M 1.42M 1.37M 1.26M
Reconciled depreciation 0.10M 0.00M 0.00M 0.00M
Ebit -0.20M 0.23M 0.55M 0.25M
Ebitda -0.19M 0.23M 0.55M 0.25M
Depreciation and amortization 0.01M 0.00M 0.00M 0.00M
Operating income -0.20M 0.23M 0.53M 0.19M
Other operating expenses 1.61M 17.39M 18.29M 14.03M
Interest expense 0.04M 0.28M 0.34M 0.17M
Tax provision 0.16M -0.01M 0.02M 0.00M
Interest income 0.12M 0.00M 0.00M 0.00M
Net interest income -0.18M -0.28M -0.34M -0.17M
Income tax expense 0.02M -0.01M 0.02M 0.00M
Total revenue 1.41M 17.62M 18.81M 14.23M
Total operating expenses 0.24M 1.19M 0.85M 1.07M
Cost of revenue 1.37M 16.20M 17.44M 12.96M
Total other income expense net 1.80M -0.28M -0.31M -0.12M
Net income from continuing ops 12.29M -0.04M 0.20M 0.07M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Type yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total assets 5.10M 6.63M 5.57M 5.99M
Intangible assets 0.35M - - -
Other current assets 0.04M 0.99M 0.92M 0.71M
Total liab 2.30M 5.25M 6.16M 6.78M
Total stockholder equity 2.80M 1.37M -0.59M -0.79M
Other current liab 0.03M 0.01M 0.08M 0.57M
Common stock 0.00M 0.01M 0.01M 0.01M
Capital stock 0.01M 0.01M 0.01M 0.01M
Retained earnings 1.50M -0.64M -0.60M -0.79M
Cash 0.19M 2.64M 1.12M 0.81M
Total current liabilities 0.63M 2.03M 2.75M 3.20M
Current deferred revenue 0.00M - 0.01M 0.11M
Net debt 1.63M 2.54M 4.65M 5.05M
Short term debt 0.15M 1.95M 2.36M 2.28M
Short long term debt 1.17M 1.95M 2.36M 2.28M
Short long term debt total 1.82M 5.18M 5.77M 5.86M
Other stockholder equity 1.30M 2.00M -0.01M -0.01M
Total current assets 4.13M 5.83M 4.60M 5.04M
Long term investments 3.48M 0.00M 0.82M 0.80M
Short term investments 2.26M 0.00M - -
Net receivables 0.72M 0.03M 0.56M 0.36M
Long term debt 12.99M 3.23M 3.41M 3.58M
Inventory 0.92M 2.17M 2.00M 3.16M
Accounts payable 0.45M 0.06M 0.28M 0.24M
Accumulated other comprehensive income -0.00M 0.00M 0.00M 0.00M
Non currrent assets other 0.07M 0.64M - -
Non current assets total 0.97M 0.80M 0.97M 0.95M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Type yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Investments -9.45M 0.00M 0.00M -
Total cashflows from investing activities -1.92M - - -
Net borrowings 8.99M -0.62M -0.08M 1.91M
Total cash from financing activities 2.28M 1.97M -1.05M 1.98M
Net income 1.58M -0.04M 0.20M 0.07M
Change in cash -0.20M 1.52M 0.31M -0.18M
Begin period cash flow 0.39M 1.50M 1.18M 1.36M
End period cash flow 0.19M 3.02M 1.50M 1.18M
Total cash from operating activities -0.55M -0.46M 1.36M -2.16M
Issuance of capital stock 9.30M 2.00M 0.00M 0.00M
Depreciation 0.01M 0.00M 0.00M 0.00M
Other cashflows from investing activities -0.71M - - -
Dividends paid - 0.00M 0.00M 0.45M
Change to inventory -0.64M -0.16M 1.15M -1.43M
Change to account receivables -0.01M 0.15M 0.17M -0.25M
Other cashflows from financing activities 0.00M 2.42M -0.97M 0.52M
Capital expenditures 0.00M 0.00M 0.00M 0.00M
Change in working capital -0.34M -0.16M 1.17M -1.91M
Other non cash items -1.83M -0.26M -0.01M -0.32M
Free cash flow -0.56M -0.46M 1.36M -2.16M

Peer Comparison*

Sector: Consumer Cyclical Industry: Luxury Goods

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
SORA
AsiaStrategy		 -
-%		 2.35 4.44 - 5.02 2.53 4.58 3.91
LVMHF
LVMH Moët Hennessy - Louis Vuitton Société Européenne		 0.80
0.18%		 450.00 19.05 16.45 2.91 3.02 2.90 8.98
LVMUY
LVMH Moet Hennessy Louis Vuitton SA ADR		 0.35
0.39%		 89.75 18.92 16.37 2.90 3.01 2.90 8.98
HESAY
Hermes International SA		 -0.20
0.13%		 150.33 31.86 27.32 10.32 7.55 8.31 17.22
HESAF
Hermes International SCA		 0.00
0.00%		 1502.42 33.11 28.33 10.24 7.84 8.56 17.74

Profile*

AsiaStrategy

AsiaStrategy, together with its subsidiaries, engages in trading, distribution, and retail of luxury watches in Hong Kong. The company sells its products under the Omega, Cartier, Rolex, Longines, Audermars Piguet, Patek Philippe, Blancpain, Casio, Breguet, and Hublot brand names. It serves business-to-business (B2B) customers including distributors, independent watch dealers, and retail sellers. The company was formerly known as Top Win International Limited and changed its name to AsiaStrategy in August 2025. The company was founded in 2001 and is based in Wan Chai, Hong Kong. AsiaStrategy is a subsidiary of Pride River Limited.

Sunshine Plaza, Wan Chai, Hong Kong

852 2815 7988

https://asiastrategy.io

7

Name Title Year Born
Mr. Tong Liu Chief Investment Officer 1990
Mr. Kwan Ngai Co-CEO & Director 1986
Ms. Fung Yee Wong CFO & Director 1961
Ms. Man Wa Ho Chief Operating Officer 1990
Mr. Kin Hoi Fang Co-CEO & Chairman of the Board 1993

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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