New Risk • Jun 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Revenue is less than US$5m (HK$18m revenue, or US$2.4m). Market cap is less than US$100m (HK$201.2m market cap, or US$25.7m). Announcement • May 23
Culturecom Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 6.99983 million. Culturecom Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 6.99983 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 65,418,972
Price\Range: HKD 0.107 Announcement • Apr 30
Culturecom Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 6.99983 million. Culturecom Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 6.99983 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 65,418,972
Price\Range: HKD 0.107 Board Change • Mar 04
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Yat Lik Mung was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Feb 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Revenue is less than US$5m (HK$18m revenue, or US$2.4m). Market cap is less than US$100m (HK$327.1m market cap, or US$41.8m). Reported Earnings • Nov 29
First half 2026 earnings released: HK$0.018 loss per share (vs HK$0.007 loss in 1H 2025) First half 2026 results: HK$0.018 loss per share (further deteriorated from HK$0.007 loss in 1H 2025). Revenue: HK$8.95m (up 15% from 1H 2025). Net loss: HK$30.7m (loss widened 170% from 1H 2025). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Announcement • Nov 13
Culturecom Holdings Limited to Report First Half, 2026 Results on Nov 27, 2025 Culturecom Holdings Limited announced that they will report first half, 2026 results on Nov 27, 2025 New Risk • Oct 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risks Revenue is less than US$5m (HK$17m revenue, or US$2.2m). Market cap is less than US$100m (HK$425.5m market cap, or US$54.7m). Announcement • Aug 26
Culturecom Holdings Limited Announces Retirement of Liu Ka Ying, Rebecca as Non-Executive Director, Effective 26 August 2025 Culturecom Holdings Limited at its AGM held on August 26, 2025 announced that Dr. Liu Ka Ying, Rebecca retired as non-executive Director with effect from 26 August 2025. New Risk • Aug 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Revenue is less than US$5m (HK$17m revenue, or US$2.2m). Market cap is less than US$100m (HK$270.3m market cap, or US$34.5m). Announcement • Jun 25
Culturecom Holdings Limited, Annual General Meeting, Aug 26, 2025 Culturecom Holdings Limited, Annual General Meeting, Aug 26, 2025. Reported Earnings • Jun 25
Full year 2025 earnings released: HK$0.017 loss per share (vs HK$0.012 loss in FY 2024) Full year 2025 results: HK$0.017 loss per share (further deteriorated from HK$0.012 loss in FY 2024). Revenue: HK$17.3m (down 14% from FY 2024). Net loss: HK$28.0m (loss widened 35% from FY 2024). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Jun 12
Culturecom Holdings Limited to Report Fiscal Year 2025 Results on Jun 24, 2025 Culturecom Holdings Limited announced that they will report fiscal year 2025 results on Jun 24, 2025 Announcement • Feb 05
Culturecom Holdings Limited Shs to Be Deleted from OTC Equity Culturecom Holdings Limited Shs (Bermuda) will be deleted from OTC Equity effective February 04, 2025, due to Inactive Security. New Risk • Jan 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Revenue is less than US$5m (HK$19m revenue, or US$2.4m). Market cap is less than US$100m (HK$313.7m market cap, or US$40.3m). Reported Earnings • Nov 28
First half 2025 earnings released: HK$0.007 loss per share (vs HK$0.008 loss in 1H 2024) First half 2025 results: HK$0.007 loss per share (improved from HK$0.008 loss in 1H 2024). Revenue: HK$7.79m (down 17% from 1H 2024). Net loss: HK$11.4m (loss narrowed 18% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Announcement • Sep 26
Culturecom Holdings Limited Announces Committee Changes The board of directors of Culturecom Holdings Limited announced that Mr. Fung Ting Ho, an independent non-executive Director, has been appointed as the chairman of nomination committee of the Board and a member of the audit committee (the"Audit Committee") of the Board; (ii) Mr. Wong Kon Man Jason, a non-executive Director, has ceased to be a member of the Audit Committee; and (iii) Mr. Kwan Kin Chung, an executive Director, has ceased to be the chairman of the Remuneration Committee, all with effect from 26 September 2024. Announcement • Aug 01
Culturecom Holdings Limited Appoints Fung Ting Ho as an Independent Non-Executive Director The Board of Directors of Culturecom Holdings Limited announced that Mr. Fung Ting Ho (Mr. Fung) has been appointed as an independent non-executive Director with effect from 31 July
2024. Mr. Fung Ting Ho, aged 58, has over 33 years of experience in corporate investment and business management. Since September 2021, Mr. Fung has been a director of Hoga ntertainment (production) Co. Ltd., a company engaged in introducing a world renowned electronic dance music party presenter, "ARCADIA", originated from the United Kingdom to Hong Kong, the People's Republic of China and Macau. Mr. Fung was the deputy general manager of the Company from October 1998 to June 2003. Mr. Fung obtained a Bachelor of Arts degree in Economics from the York University of Canada in October 1990. In accordance with Bye-law 101 of the Bye-laws of the Company, Mr. Fung shall hold office as independent non-executive Director only until the annual general meeting of the Company to be held on 20 August 2024 (the AGM), and shall then be eligible for re-election. Announcement • Jun 26
Culturecom Holdings Limited, Annual General Meeting, Aug 20, 2024 Culturecom Holdings Limited, Annual General Meeting, Aug 20, 2024. Reported Earnings • Jun 26
Full year 2024 earnings released: HK$0.012 loss per share (vs HK$0.022 loss in FY 2023) Full year 2024 results: HK$0.012 loss per share (improved from HK$0.022 loss in FY 2023). Revenue: HK$20.2m (down 34% from FY 2023). Net loss: HK$20.8m (loss narrowed 44% from FY 2023). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. New Risk • Jun 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Revenue is less than US$5m (HK$23m revenue, or US$2.9m). Market cap is less than US$100m (HK$357.1m market cap, or US$45.7m). Announcement • Jun 15
Culturecom Holdings Limited to Report Fiscal Year 2024 Results on Jun 25, 2024 Culturecom Holdings Limited announced that they will report fiscal year 2024 results on Jun 25, 2024 New Risk • Apr 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Revenue is less than US$5m (HK$23m revenue, or US$2.9m). Market cap is less than US$100m (HK$442.2m market cap, or US$56.5m). New Risk • Dec 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 9.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-HK$64m free cash flow). Earnings have declined by 2.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Revenue is less than US$5m (HK$23m revenue, or US$2.9m). Market cap is less than US$100m (HK$450.5m market cap, or US$57.6m). Reported Earnings • Nov 28
First half 2024 earnings released: HK$0.008 loss per share (vs HK$0.012 loss in 1H 2023) First half 2024 results: HK$0.008 loss per share (improved from HK$0.012 loss in 1H 2023). Revenue: HK$9.36m (down 45% from 1H 2023). Net loss: HK$13.9m (loss narrowed 33% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 25
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -HK$64m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-HK$64m free cash flow). Earnings have declined by 2.9% per year over the past 5 years. Minor Risks Revenue is less than US$5m (HK$23m revenue, or US$2.9m). Market cap is less than US$100m (HK$508.9m market cap, or US$65.3m). Announcement • Nov 14
Culturecom Holdings Limited to Report First Half, 2024 Results on Nov 24, 2023 Culturecom Holdings Limited announced that they will report first half, 2024 results on Nov 24, 2023 New Risk • Jun 29
New major risk - Revenue and earnings growth Earnings have declined by 5.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.6% per year over the past 5 years. Minor Risks Revenue is less than US$5m (HK$31m revenue, or US$3.9m). Market cap is less than US$100m (HK$717.5m market cap, or US$91.6m). Reported Earnings • Jun 29
Full year 2023 earnings released: HK$0.022 loss per share (vs HK$0.018 loss in FY 2022) Full year 2023 results: HK$0.022 loss per share (further deteriorated from HK$0.018 loss in FY 2022). Revenue: HK$30.6m (down 51% from FY 2022). Net loss: HK$37.2m (loss widened 29% from FY 2022). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jun 21
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Revenue is less than US$5m (HK$34m revenue, or US$4.4m). Market cap is less than US$100m (HK$600.7m market cap, or US$76.7m). Announcement • Jun 16
Culturecom Holdings Limited to Report Fiscal Year 2023 Final Results on Jun 28, 2023 Culturecom Holdings Limited announced that they will report fiscal year 2023 final results on Jun 28, 2023 Announcement • Jun 13
Culturecom Holdings Limited announced that it expects to receive HKD 100 million in funding Culturecom Holdings Ltd. announced that it has entered into the placing agreement, on a best effort basis and it will issue convertible bonds for gross proceeds up to HKD 100,000,000 on June 12, 2023. The transaction will include participation from no less than six placees. The convertible bonds have an aggregate principal amount of HKD 100,000,000. The convertible bonds bear interest from and including the issue date to and including the maturity date of 8% per annum, payable on a semi-annual basis in arrears from the issue date. The convertible bonds constitute general, unsecured, and unsubordinated obligations of the company and shall rank pari passu among themselves. The convertible bonds carry the right to be converted into the conversion shares at the initial conversion price of HKD 0.5 per share. Assuming the convertible bonds are fully placed and subscribed; the conversion rights are exercised in full at the conversion price without adjustment; and there is no other change in the issued share capital of the company between the date of this announcement and the full conversion of the convertible bonds, upon full conversion of the convertible bonds, a maximum of 200,000,000 conversion shares will be allotted and issued to the placees, representing approximately 11.99% of the existing issued share capital of the Company as at the date of this announcement and approximately 10.7% of the company’s issued share capital as enlarged by the allotment and issue of the conversion shares. The conversion shares will be allotted and issued under the general mandate. The initial conversion price represents: a premium of approximately 31.58% to the closing price of HKD 0.38 per Share as quoted on the Stock Exchange on 12 June 2023, being the date of the placing agreement; a premium of approximately 31.93% to the average closing price of HKD 0.379 per share as quoted on the stock exchange for the last five consecutive trading days immediately prior to the date of the placing agreement; and a premium of approximately 32.98% to the average closing price of HKD 0.376 per Share as quoted on the stock exchange for the last ten consecutive trading days immediately prior to the date of the placing agreement. The aggregate nominal value of the number of conversion shares to be allotted and issued will be HKD 2,000,000. The conversion rights may be exercised at any time from the date falling on the sixth monthiversary of the issue date and ending on the maturity date. The convertible bondholder(s) has the right to convert the whole or part of the outstanding principal amount of the convertible bonds in the amount of HKD 100,000 or integral multiples thereof) at any time during the conversion period. No convertible bondholder shall exercise such conversion rights with respect to his/her/its convertible bonds and the company shall not issue any conversion share in the event that the exercise of such conversion rights by the convertible bondholder(s) will cause: the convertible bondholder(s) and/or parties acting in concert with it being required to make a mandatory general offer to other shareholders in accordance with Rule 26 of the takeovers codes; and/or the public float of the company being less than 25% of its issued share capital. The company shall not redeem any convertible bonds prior to maturity date. The convertible bonds can be transferred to any person after the issue date with the written consent of the company and provided that such transfer is made in accordance with the listing rules. the convertible bonds may be transferred in whole or part in the amount of HKD 100,000 or integral multiples thereof, and transfer of the convertible bonds to a person who is not an independent third party shall be void. The placees of the convertible bonds are convertible bondholders upon completion, and they will become shareholders upon their exercise of the conversion rights with the convertible bonds placed to them in accordance with the terms and conditions of the convertible bonds instrument. All necessary authorizations, consent and approvals as may be obtained by the company and the placing agent having been obtained in respect of the placing agreement from relevant authorities. The transaction is not subject to the shareholders’ approval. Reported Earnings • Nov 30
First half 2023 earnings released: HK$0.012 loss per share (vs HK$0.012 loss in 1H 2022) First half 2023 results: HK$0.012 loss per share (in line with 1H 2022). Revenue: HK$17.0m (down 62% from 1H 2022). Net loss: HK$20.9m (loss widened 3.4% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 18
Culturecom Holdings Limited to Report First Half, 2023 Results on Nov 29, 2022 Culturecom Holdings Limited announced that they will report first half, 2023 results on Nov 29, 2022 Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Yat Lik Mung was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Jul 21
Culturecom Holdings Limited, Annual General Meeting, Aug 23, 2022 Culturecom Holdings Limited, Annual General Meeting, Aug 23, 2022, at 10:00 China Standard Time. Location: Suite 1502, 15/F., Far East Finance Centre, 16 Harcourt Road, Admiralty, Hong Kong Admiralty Hong Kong Agenda: To receive and consider the audited financial statements and the reports of the directors of the Company and the auditors of the Company for the year ended 31 March 2022; to confirm, ratify and approve the payment of Directors' fee to Directors for the year ended 31 March 2022; to re-elect Mr. Wong Kon Man Jason as Director; to re-elect Mr. Yuen Kin as Director; to re-elect Mr. Wong Kwan Kit as Director; to re-elect Mr. Fan Chun Wah Andrew as Director; to authorise the board of Directors to fix the remuneration of the Directors; to re-appoint Gary Cheng CPA Limited as auditors of the Company to hold office until the conclusion of the next annual general meeting and to authorise the Board of Directors to fix their remuneration; and to consider other matters. Reported Earnings • Jun 29
Full year 2022 earnings released: HK$0.018 loss per share (vs HK$0.041 loss in FY 2021) Full year 2022 results: HK$0.018 loss per share (up from HK$0.041 loss in FY 2021). Revenue: HK$62.4m (down 70% from FY 2021). Net loss: HK$28.9m (loss narrowed 49% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Jun 17
Culturecom Holdings Limited to Report Fiscal Year 2022 Final Results on Jun 28, 2022 Culturecom Holdings Limited announced that they will report fiscal year 2022 final results on Jun 28, 2022 Announcement • Jun 11
Culturecom Holdings Limited Provides Earnings Guidance for the Year Ended March 31, 2022 Culturecom Holdings Limited provided earnings guidance for the year ended March 31, 2022. For the year, the revenue of the Group is expected to record a decrease of approximately 70% as compared to the revenue of the Group for the year ended March 31, 2021. Such decrease in revenue was primarily due to the fall in revenue in the digital marketing segment, caused by the increasingly fragmented market which has intensified competition. The Board believes that such downturn in revenue is primarily due to the overall downward trend of the economy in FY2022 and the Group will continue to allocate its resources to build and strengthen its marketing team and big data analysis capability, so as to maintain its competitiveness and market position when the market conditions improve. The Board would also like to inform the shareholders and potential investors that despite the decrease in revenue, the loss of the Group has been reduced. The loss attributable to the Shareholders for FY2022 is expected to be reduced by not less than 40% as compared to the loss attributable to the Shareholders for FY2021. The reduction in loss was mainly due to the implementation of cost-control measures within the Group, including but not limited to the streamlining of the Group's operation structure and the continuing transition to digital marketing, resulting in reduction of selling expenses and administrative expenses and the adoption of new marketing strategy which improved gross profit margin of the Group's digital marketing business. Announcement • Apr 28
Culturecom Holdings Limited Appoints Wong, Kon Man Jason as Non-Executive Director and Chairman of the Board The board of directors of Culturecom Holdings Limited announced that Mr. Wong, Kon Man Jason ("Mr. Wong") has been appointed as a Non-executive Director of the company and chairman of the Board (the "Chairman") with effect from 27 April 2022. Mr. Wong, Kon Man Jason was recently appointed as the executive director and chief executive officer of Ace Eight Acquisition Corporation ("Ace Eight"). Mr. Wong is the director of ACE Promoter Limited and acts as a key member in Ace Eight's promoter team. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Yat Lik Mung was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Apr 02
Executive Vice Chairman recently bought HK$682k worth of stock On the 31st of March, Lai Wah Chow bought around 960k shares on-market at roughly HK$0.71 per share. In the last 3 months, they made an even bigger purchase worth HK$11m. Lai Wah has been a buyer over the last 12 months, purchasing a net total of HK$37m worth in shares. Recent Insider Transactions • Mar 10
Executive Vice Chairman recently bought HK$4.1m worth of stock On the 7th of March, Lai Wah Chow bought around 6m shares on-market at roughly HK$0.72 per share. In the last 3 months, they made an even bigger purchase worth HK$14m. Lai Wah has been a buyer over the last 12 months, purchasing a net total of HK$22m worth in shares. Recent Insider Transactions • Jan 25
Executive Vice Chairman recently bought HK$3.0m worth of stock On the 21st of January, Lai Wah Chow bought around 4m shares on-market at roughly HK$0.74 per share. In the last 3 months, they made an even bigger purchase worth HK$14m. Lai Wah has been a buyer over the last 12 months, purchasing a net total of HK$17m worth in shares. Board Change • Jan 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Yat Lik Mung was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Dec 22
Insider recently sold HK$8.0m worth of stock On the 17th of December, Rongsong Teng sold around 10m shares on-market at roughly HK$0.80 per share. In the last 3 months, they made an even bigger sale worth HK$10m. Insiders have been net sellers, collectively disposing of HK$57m more than they bought in the last 12 months. Reported Earnings • Nov 28
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: HK$0.012 loss per share (up from HK$0.014 loss in 1H 2021). Revenue: HK$45.0m (down 44% from 1H 2021). Net loss: HK$20.2m (loss widened 3.5% from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Recent Insider Transactions • Oct 21
Insider recently sold HK$3.6m worth of stock On the 18th of October, Rongsong Teng sold around 5m shares on-market at roughly HK$0.72 per share. In the last 3 months, they made an even bigger sale worth HK$10m. Insiders have been net sellers, collectively disposing of HK$49m more than they bought in the last 12 months. Recent Insider Transactions • Sep 28
Insider recently sold HK$10m worth of stock On the 23rd of September, Rongsong Teng sold around 14m shares on-market at roughly HK$0.73 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of HK$22m more than they bought in the last 12 months. Recent Insider Transactions • Sep 16
Insider recently sold HK$6.2m worth of stock On the 13th of September, Rongsong Teng sold around 8m shares on-market at roughly HK$0.73 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Jul 16
Full year 2021 earnings released: HK$0.041 loss per share (vs HK$0.04 loss in FY 2020) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2021 results: Revenue: HK$206.6m (up 35% from FY 2020). Net loss: HK$56.9m (loss widened 3.2% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Executive Departure • Jul 13
CEO & Executive Director Huang Mingguo has left the company During their tenure, earnings grew by 12% annually compared to the industry average, which went down by 11%. On the 2nd of July, Huang Mingguo was replaced as CEO by Kin Chung Kwan after 3.0 years in the role. We don't have any record of a personal shareholding under Huang's name. Huang is the only executive to leave the company over the last 12 months. Under Huang's leadership, the company delivered a total shareholder return of 64%. Reported Earnings • Jun 27
Full year 2021 earnings released: HK$0.041 loss per share (vs HK$0.04 loss in FY 2020) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2021 results: Revenue: HK$206.6m (up 34% from FY 2020). Net loss: HK$56.8m (loss widened 2.1% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • May 07
Culturecom Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 41.7 million. Culturecom Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 41.7 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 278,000,000
Price\Range: HKD 0.15 Is New 90 Day High Low • Mar 01
New 90-day high: HK$0.23 The company is up 180% from its price of HK$0.082 on 01 December 2020. The Hong Kong market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 23% over the same period. Reported Earnings • Dec 20
Second quarter 2021 earnings released: HK$0.007 loss per share The company reported a solid second quarter result with improved revenues and control over expenses, though losses increased. Second quarter 2021 results: Revenue: HK$39.8m (up 132% from 2Q 2020). Net loss: HK$9.74m (loss widened 57% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 28
Second quarter 2021 earnings released: HK$0.007 loss per share The company reported a solid second quarter result with improved revenues and control over expenses, though losses increased. Second quarter 2021 results: Revenue: HK$39.8m (up 120% from 2Q 2020). Net loss: HK$9.70m (loss widened 50% from 2Q 2020). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Announcement • Nov 17
Culturecom Holdings Limited to Report First Half, 2021 Results on Nov 27, 2020 Culturecom Holdings Limited announced that they will report first half, 2021 results on Nov 27, 2020 Announcement • Jun 18
Culturecom Holdings Limited to Report Fiscal Year 2020 Results on Jun 29, 2020 Culturecom Holdings Limited announced that they will report fiscal year 2020 results on Jun 29, 2020 