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1803 On Other Exchanges
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asr logistics holdings ltd (1803) Snapshot

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asr logistics holdings ltd (1803) Details

ASR Logistics Holdings Limited, an investment holding company, provides air freight solutions in the wholesale market in Europe, the United States, the Asia-Pacific, and Africa. The company is principally engages in purchasing air cargo space from airlines and/or integrated carriers, and on-selling this space to freight forwarders. It offers freight forwarding and general sales agency services, and sea freight services. The company was formerly known as ASR Holdings Limited and changed its name to ASR Logistics Holdings Limited in June 2014. The company was founded in 1991 and is headquartered in Kwun Tong, Hong Kong. ASR Logistics Holdings Limited operates as a former subsidiary of ASR Victory Limited.

258 Employees
Last Reported Date: 04/24/15
Founded in 1991

asr logistics holdings ltd (1803) Top Compensated Officers

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asr logistics holdings ltd (1803) Key Developments

ASR Logistics Holdings Limited Provides Group Earnings Guidance for the Six Months Ended June 30, 2015

ASR Logistics Holdings Limited provided group earnings guidance for the six months ended June 30, 2015. For the period, the company expected that the group may record a loss as compared to the profit in the corresponding period in 2014. The expected loss is mainly attributable to, including but not limited to, the decrease in turnover and gross profit of the group as a result of the weak air cargo demand and over-capacity in the air cargo market.

ASR Logistics Holdings Limited Announces Change of Address of Headquarters and Principal Place of Business in Hong Kong

The board of directors of ASR Logistics Holdings Limited announced that, with effect from 15 May 2015, the address of headquarters and principal place of business of the Company in Hong Kong has been changed to Units 1111-1112, 11/F, Lu Plaza 2 Wing Yip Street, Kwun Tong, Hong Kong. The Company’s website, email address, telephone number and facsimile number remain unchanged.

ASR Logistics Holdings Limited Announces Executive Changes

The board of directors of ASR Logistics Holdings Limited announced that Mr. Cheng Hoo has resigned as the company secretary of the company due to personal reasons with effect from 11 May 2015. The board announced that Mr. Wong Cheuk Lam has been appointed as the chief financial officer, the company secretary and an authorized representative of the company with effect from 11 May 2015. From February 2003 to January 2013, he worked as company secretary at Zhengzhou China Resources Gas Company Limited. From January 2015 to May 2015, Mr. Wong joined Genvon Group Limited as financial controller and deputy company secretary. Mr. Wong has been appointed as an independent non-executive director of Kingworld Medicines Group Limited. He has over 19 years of experience in accounting and finance fields. The board further announced that Mr. Hu Yebi has been redesignated to the alternate authorized representative of both of the two authorized representatives of the company with effect from 11 May 2015. After the redesignation, Mr. Hu is still an executive director and chairman of the company.


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Valuation 1803 Industry Range
Price/Earnings 52.0x
Price/Sales 0.8x
Price/Book 12.0x
Price/Cash Flow 40.7x
TEV/Sales 0.5x

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