Aimei Health Technology Co., Ltd Ordinary Share logo

Aimei Health Technology Co., Ltd Ordinary Share(AFJK)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$12.06
10/23/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for AFJK

10/23/2026: AFJK (1-star) is currently NOT-A-BUY. Pass it for now.

Aimei Health Technology Co., Ltd is a shell company (SPAC) currently focused on identifying a private healthcare or biotech target for a business combination. While the company provides a mechanism for investors to participate in a potential future healthcare listing, it has no current commercial operations or revenue-generating products. The primary investment story relies on management’s ability to find and execute a successful merger before the company reaches its liquidation deadline. Key risks include the lack of a current business, ongoing Nasdaq compliance issues, and the high probability of failure in the competitive SPAC market. This stock is suitable only for speculative investors seeking exposure to M&A-driven event risks.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe growth potential is binary, depending entirely on the future success of a yet-to-be-identified business combination.
Momentum investorMixed fitMomentum may occur around news of a potential merger or definitive agreement, but the stock lacks organic business momentum.
Value investorWeak fitAs a shell company, traditional valuation metrics like P/E are not meaningful for assessing fundamental value.
Dividend investorWeak fitThe company does not pay dividends and is not structured for income generation.
Low-risk investorWeak fitThe lack of operations and regulatory/listing risks make this a highly speculative investment.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock price is driven by merger speculation rather than business performance, leading to erratic price swings.
Valuation riskHighFundamental valuation is difficult because the company has no revenue or core assets beyond its trust account.
Competition risk (SPAC market)HighFierce competition for target companies can lead to poor acquisition choices or failure to find a deal.
Business qualityLowThe company has no operational history or existing business quality to evaluate.
Dividend incomeLow / noneIncome investors should not expect any yield from this equity.
Execution riskHighThe entire business model hinges on the management team successfully negotiating and closing a merger.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Extreme Price Shocks
PRICE STABILITY

Extreme Price Shocks

The stock has experienced exceptionally large and disruptive price movements during the period.

Analysis of Past Performance

Type Stock
Historic Profit -29.76%
Avg. Invested days 113
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/23/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
AFJK receives a 2-star rating, reflecting soft or weak scores across the available pillars. The rating is constrained by weak unit economics, soft quantitative characteristics, and soft analyst coverage.

Company Fundamentals

★★★★★
AFJK has moderate overall fundamentals (3 stars), with moderate financial health, soft growth momentum, and solid ownership. In FY2025 versus FY2024, growth and ownership metrics are mixed: negative earnings growth (-58.5%), soft cash generation (FCF margin 0.0%), slightly negative revenue growth (+0.0%).

Financial Health Rating

★★★★★
AFJK's financial health is supported by strong efficiency, including operating-expense and cost-of-revenue discipline (opex 0.0% of revenue). Profitability is weak (1 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is AFJK's strongest growth driver at +15.9% FY2025 versus FY2024 (solid, 4 stars). By comparison, while revenue growth (+0.0%, slightly negative) and earnings growth (-58.5%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 32.0% and approximately 35.0% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 64.96% supports management-shareholder alignment.

Top 5 Institutional Investors

First Trust Capital Management L.P. 21.48%
Glazer Capital, LLC 4.22%
Clear Street Group Inc 2.63%
Karpus Management Inc 2.44%
SBI Securities Co Ltd 0.00%

Unit Economics (Per $1K Revenue)

★★★★★
AFJK generates approximately $0 of gross profit, $-0 of operating income, and $-0 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Weak margins explain the 1-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 0.00%

Quantitative Style Profile

★★★★★
AFJK has a High Volatility Profile profile. Weak momentum is the primary drawback, while soft valuation.

Style Classification

Quality Focused

Small / Mid Cap Risk

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 38.31M USD
Price to earnings Ratio 172.86
1Y Target Price -
Price to earnings Ratio 172.86
1Y Target Price -
Volume (30-day avg) 2.7K shares
Beta 0.91
52 Weeks Range 6.75 - 130.37
Updated Date 10/22/2026
52 Weeks Range 6.75 - 130.37
Updated Date 10/22/2026
Dividends yield (FY) -
Basic EPS (TTM) 0.07

How Company Makes Money

Business areaWhat it includesRetail investor read
Capital ManagementInterest earned on funds held in trust pending an acquisition.The company does not generate operating revenue; its value is linked to potential merger success.
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Valuation

Trailing PE 172.86
Forward PE -
Enterprise Value 40.63M
Price to Sales(TTM) -
Enterprise Value 40.63M
Price to Sales(TTM) -
Enterprise Value to Revenue -
Enterprise Value to EBITDA -
Shares Outstanding 3.17M
Shares Floating 1.11M
Shares Outstanding 3.17M
Shares Floating 1.11M
Percent Insiders 64.96
Percent Institutions 32.02

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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