Announcement • Apr 02
United Energy Group Limited Omits Dividend for the Year Ended 31 December 2025 The board of United Energy Group Limited did not recommend payment of a final dividend for the year ended 31 December 2025. (2024: final dividend in respect of year ended 2024 of 5 HK cents per ordinary share). Reported Earnings • Apr 01
Full year 2025 earnings released: EPS: HK$0.044 (vs HK$0.06 in FY 2024) Full year 2025 results: EPS: HK$0.044 (down from HK$0.06 in FY 2024). Revenue: HK$19.2b (up 9.5% from FY 2024). Net income: HK$1.12b (down 28% from FY 2024). Profit margin: 5.8% (down from 8.9% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 17% per year. Announcement • Mar 31
United Energy Group Limited, Annual General Meeting, Jun 05, 2026 United Energy Group Limited, Annual General Meeting, Jun 05, 2026. Announcement • Mar 13
United Energy Group Limited to Report Fiscal Year 2025 Results on Mar 31, 2026 United Energy Group Limited announced that they will report fiscal year 2025 results on Mar 31, 2026 New Risk • Mar 02
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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Dividend per share is over 10x cash flows per share. Earnings have declined by 19% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Significant insider selling over the past 3 months (HK$415m sold). New Risk • Nov 10
New major risk - Revenue and earnings growth Earnings have declined by 19% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Dividend per share is over 10x cash flows per share. Earnings have declined by 19% per year over the past 5 years. Minor Risk Significant insider selling over the past 3 months (HK$161m sold). Reported Earnings • Oct 04
First half 2025 earnings released: EPS: HK$0.029 (vs HK$0.039 in 1H 2024) First half 2025 results: EPS: HK$0.029 (down from HK$0.039 in 1H 2024). Revenue: HK$8.09b (down 4.2% from 1H 2024). Net income: HK$740.1m (down 27% from 1H 2024). Profit margin: 9.2% (down from 12% in 1H 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.2% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Hong Kong are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 31
First half 2025 earnings released: EPS: HK$0.029 (vs HK$0.039 in 1H 2024) First half 2025 results: EPS: HK$0.029 (down from HK$0.039 in 1H 2024). Revenue: HK$8.09b (down 4.2% from 1H 2024). Net income: HK$740.1m (down 27% from 1H 2024). Profit margin: 9.2% (down from 12% in 1H 2024). Revenue is forecast to grow 1.2% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Hong Kong are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. New Risk • Aug 30
New major risk - Revenue and earnings growth Earnings have declined by 27% 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 27% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (206% cash payout ratio). Share price has been volatile over the past 3 months (16% average weekly change). Large one-off items impacting financial results. Significant insider selling over the past 3 months (HK$551m sold). Announcement • Aug 29
United Energy Group Limited Provides Group Production Guidance for the Year 2025 United Energy Group Limited provided group production guidance for the year 2025. For 2025, the Group targets an average daily gross production of 178,900 to 204,200 boed, and an average daily working interest production of 104,200 to 120,600 boed. Announcement • Aug 18
United Energy Group Limited to Report First Half, 2025 Results on Aug 29, 2025 United Energy Group Limited announced that they will report first half, 2025 results on Aug 29, 2025 Board Change • Jul 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Independent Non-Executive Director Fung San is the most experienced director on the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Jul 02
Executive Chairman recently sold HK$18m worth of stock On the 23rd of June, Hongwei Zhang sold around 27m shares on-market at roughly HK$0.69 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Hongwei has been a net seller over the last 12 months, reducing personal holdings by HK$25m. Announcement • Jun 29
United Energy Group Limited Announces Board Changes, Effective June 27, 2025 The board of directors of United Energy Group Limited announced that, with effect from 27 June 2025, (i) Mr. Chiu Ping Shun ("Mr. Chiu") has been appointed as an executive Director, an authorized representative of the Company and a member of each of the Remuneration Committee and the Nomination Committee, (ii) Mr. Zhang Hong Wei ("Mr. Zhang") has resigned as an executive Director and the Chairman of the Board (the "Chairman") and (iii) Mr. Song Yu ("Mr. Song"), existing executive Director, has been re- designated as the Chairman and ceased to be the Authorized Representative. Mr. Chiu, aged 46, received his Master of Business Administration degree from the University of New South Wales and his Master of Science in Investment Management degree from the Hong Kong University of Science and Technology. He is a fellow member of CPA Australia and has over 20 years of experience in corporate finance, mergers and acquisitions, financial and investment management, of which more than 10 years working experience in financial reporting, commercial finance and investment roles with publicly-listed companies. He also has extensive cross-border project management experience covering Europe, North America, Asia-Pacific and Middle East regions. Prior to accepting the appointment, Mr. Chiu held several senior management positions including senior investment and financing director of a Stock Exchange listed pharmaceutical company and chief financial officer of an Asia based multi-family office. New Risk • Jun 13
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 Dividend is not well covered by cash flows (206% cash payout ratio). Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Significant insider selling over the past 3 months (HK$1.8b sold). Announcement • Jun 03
United Energy Group Limited Approves Final Dividend for the Financial Year Ended 31 December 2024 United Energy Group Limited at the Annual General Meeting, held on 3 June 2025, approved to declare a final dividend of 5 HongKong cents per share of the Company for the year ended 31 December 2024. Upcoming Dividend • May 30
Upcoming dividend of HK$0.05 per share Eligible shareholders must have bought the stock before 06 June 2025. Payment date: 26 June 2025. Payout ratio is on the higher end at 83%, and the cash payout ratio is above 100%. Trailing yield: 19%. Within top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (7.7%). Announcement • May 13
United Energy Group Limited (SEHK:467) completed the acquisition of remaining 52% stake in Orient Group Beijing Investment Holding Limited from Oriental Group Investment Holding Co., Ltd. United Energy Group Limited (SEHK:467) agreed to acquire remaining 52% stake in Orient Group Beijing Investment Holding Limited from Oriental Group Investment Holding Co., Ltd. for $19 million on February 14, 2025. A cash consideration of $19 million will be paid by Super Success International Holdings Limited. As part of consideration, $19 million is paid towards common equity of Orient Group Beijing Investment Holding Limited. Upon completion, Super Success International Holdings Limited will own 100% stake in Orient Group Beijing Investment Holding Limited.
The transaction is subject to approval by regulatory board / committee. Pakistan Acquisition Approvals have been obtained.
United Energy Group Limited (SEHK:467) completed the acquisition of remaining 52% stake in Orient Group Beijing Investment Holding Limited from Oriental Group Investment Holding Co., Ltd. on May 12, 2025. The conditions to completion under the agreement were satisfied. Reported Earnings • May 04
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: HK$0.06 (up from HK$0.065 loss in FY 2023). Revenue: HK$17.5b (up 29% from FY 2023). Net income: HK$1.56b (up HK$3.27b from FY 2023). Profit margin: 8.9% (up from net loss in FY 2023). Oil reserves Proven reserves: 112.2 MMbbls Gas reserves Proven reserves: 278.4 Bcf Combined production Oil equivalent production: 24.117 MMboe Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) missed analyst estimates by 54%. Revenue is forecast to stay flat during the next 2 years compared to a 2.5% growth forecast for the Oil and Gas industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance. Board Change • Apr 08
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 Siu Wai Chau was the last independent director to join the board, commencing their role in 2004. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 30
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: HK$0.06 (up from HK$0.065 loss in FY 2023). Revenue: HK$17.5b (up 29% from FY 2023). Net income: HK$1.56b (up HK$3.27b from FY 2023). Profit margin: 8.9% (up from net loss in FY 2023). Oil reserves Proven reserves: 159.8 MMbbls Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) missed analyst estimates by 54%. Revenue is forecast to stay flat during the next 2 years, in line with the revenue forecast for the Oil and Gas industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Announcement • Mar 17
United Energy Group Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 United Energy Group Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 Announcement • Mar 07
United Energy Group Limited Provides Unaudited Consolidated Financial Guidance for the Year Ended 31 December 2024 United Energy Group Limited provided unaudited consolidated financial guidance for the year ended 31 December 2024. For the period, the Group is expected to record net profit attributable to owners of the Company in the range of approximately HKD 1,400 million to HKD 1,650 million for the year ended 31 December 2024, as compared to the audited net loss of approximately HKD 1,707 million for the year ended 31 December 2023, from loss to profit, primarily due to there was an one-off oil and gas reserve impairment and a one-off exploration dry well write-off in an aggregate amount of approximately HKD 4,387 million (net of tax) in 2023 while the impairment and dry well write-off amount significantly reduced in 2024 and the operation is remained stable. Reported Earnings • Sep 29
First half 2024 earnings released: EPS: HK$0.039 (vs HK$0.064 in 1H 2023) First half 2024 results: EPS: HK$0.039 (down from HK$0.064 in 1H 2023). Revenue: HK$8.44b (up 36% from 1H 2023). Net income: HK$1.01b (down 39% from 1H 2023). Profit margin: 12% (down from 27% in 1H 2023). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Hong Kong are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 33 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Sep 20
Upcoming dividend of HK$0.04 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 21 October 2024. Trailing yield: 12%. Within top quartile of Hong Kong dividend payers (8.6%). Higher than average of industry peers (7.8%). Announcement • Sep 19
United Energy Group Limited Appoints Yiu Chi Shing as an Executive Director and Vice Chairman The board of directors of United Energy Group Limited announced that, with effect from 18 September 2024, Mr. Yiu Chi Shing has been appointed as an Executive Director and Vice Chairman of the Company. Mr. Yiu Chi Shing, aged 60, joined the Company on 18 September 2024 as an Executive Director and Vice Chairman of the Company. He holds a master's degree in Business Administration from Huaqiao University, PRC and an honorary doctorate degree in International Business from William Penn University, Iowa, USA. He also holds a qualified professional title of senior economist. Mr. Yiu is the Chairman of the board of directors of TransGlobal Group (International) Limited, a company principally engaged in real estate development and operation, financial investments, tourist resorts and construction of bridges, roads and urban public utility infrastructure in Hong Kong and Mainland China. Mr. Yiu is also an Executive Director and the Vice Chairman of Zhongyu Energy Holdings Limited. Mr. Yiu is a standing committee member of the National Committee of the Chinese People's Political Consultative Conference and a Justice of the Peace of the Hong Kong Special Administrative Region ("HKSAR"), and he is also awarded the Gold Bauhinia Star by the Government of the HKSAR. Announcement • Aug 20
United Energy Group Limited to Report First Half, 2024 Results on Aug 30, 2024 United Energy Group Limited announced that they will report first half, 2024 results on Aug 30, 2024 New Risk • Aug 18
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 13% 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 (13% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (HK$240m sold). Recent Insider Transactions • Jul 19
Executive Chairman recently sold HK$3.2m worth of stock On the 16th of July, Hongwei Zhang sold around 10m shares on-market at roughly HK$0.32 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth HK$75m. Hongwei has been a net seller over the last 12 months, reducing personal holdings by HK$116m. Recent Insider Transactions • Jul 12
Executive Chairman recently sold HK$3.0m worth of stock On the 5th of July, Hongwei Zhang sold around 10m shares on-market at roughly HK$0.30 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth HK$75m. Hongwei has been a net seller over the last 12 months, reducing personal holdings by HK$113m. Recent Insider Transactions • Jul 05
Executive Chairman recently sold HK$10m worth of stock On the 28th of June, Hongwei Zhang sold around 35m shares on-market at roughly HK$0.29 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth HK$75m. Hongwei has been a net seller over the last 12 months, reducing personal holdings by HK$110m. Price Target Changed • Jul 02
Price target decreased by 22% to HK$0.78 Down from HK$1.00, the current price target is an average from 3 analysts. New target price is 151% above last closing price of HK$0.31. Stock is down 62% over the past year. The company is forecast to post earnings per share of HK$0.13 next year compared to a net loss per share of HK$0.065 last year. Recent Insider Transactions • Jun 28
Executive Chairman recently sold HK$499k worth of stock On the 21st of June, Hongwei Zhang sold around 1m shares on-market at roughly HK$0.43 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth HK$75m. Hongwei has been a net seller over the last 12 months, reducing personal holdings by HK$100m. New Risk • Jun 21
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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (11% average weekly change). Significant insider selling over the past 3 months (HK$281m sold). Recent Insider Transactions • Jun 02
Executive Chairman recently sold HK$16m worth of stock On the 30th of May, Hongwei Zhang sold around 25m shares on-market at roughly HK$0.63 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth HK$58m. Despite the recent sale, Hongwei has been a net buyer over the last 12 months, purchasing a net total of HK$63m worth of shares. Recent Insider Transactions • May 19
Executive Chairman recently sold HK$58m worth of stock On the 16th of May, Hongwei Zhang sold around 90m shares on-market at roughly HK$0.64 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite the recent sale, Hongwei has been a net buyer over the last 12 months, purchasing a net total of HK$124m worth of shares. Price Target Changed • May 07
Price target decreased by 12% to HK$1.19 Down from HK$1.35, the current price target is an average from 2 analysts. New target price is 88% above last closing price of HK$0.63. Stock is down 48% over the past year. The company is forecast to post earnings per share of HK$0.12 next year compared to a net loss per share of HK$0.065 last year. Announcement • Mar 29
United Energy Group Limited, Annual General Meeting, Jun 06, 2024 United Energy Group Limited, Annual General Meeting, Jun 06, 2024. Reported Earnings • Mar 29
Full year 2023 earnings released: HK$0.065 loss per share (vs HK$0.099 profit in FY 2022) Full year 2023 results: HK$0.065 loss per share (down from HK$0.099 profit in FY 2022). Revenue: HK$13.6b (up 26% from FY 2022). Net loss: HK$1.71b (down 166% from profit in FY 2022). Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Hong Kong are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Announcement • Mar 16
United Energy Group Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 United Energy Group Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 Announcement • Feb 20
United Energy Group Limited Provides Earnings Guidance for the Year Ended 31 December 2023 United Energy Group Limited provided earnings guidance for the year ended 31 December 2023. the Group is expected to record net loss attributable to owners of the Company in the range of approximately HKD 1,500 million to HKD 1,800 million for the year ended 31 December 2023, as compared to the audited net profit of approximately HKD 2,601 million for the year ended 31 December 2022, primarily due to a one-off oil and gas reserve impairment and a one-off exploration dry well write-off in an aggregate amount of approximately HKD 4,400 million. Buy Or Sell Opportunity • Feb 15
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to HK$0.53. The fair value is estimated to be HK$0.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 68% in the next 2 years. Announcement • Dec 09
United Energy Group Limited (SEHK:467) agreed to acquire 30% stake in Pakistan Refinery Limited (KASE:PRL) from Pakistan State Oil Company Limited (KASE:PSO). United Energy Group Limited (SEHK:467) agreed to acquire 30% stake in Pakistan Refinery Limited (KASE:PRL) from Pakistan State Oil Company Limited (KASE:PSO) on October 18, 2023. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to HK$1.18, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Oil and Gas industry in Hong Kong. Total returns to shareholders of 20% over the past three years. New Risk • Oct 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 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (10% average weekly change). Recent Insider Transactions • Oct 06
Executive Chairman recently bought HK$88m worth of stock On the 4th of October, Hongwei Zhang bought around 102m shares on-market at roughly HK$0.87 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Hongwei has been a buyer over the last 12 months, purchasing a net total of HK$97m worth in shares. Reported Earnings • Sep 01
First half 2023 earnings released: EPS: HK$0.064 (vs HK$0.058 in 1H 2022) First half 2023 results: EPS: HK$0.064 (up from HK$0.058 in 1H 2022). Revenue: HK$6.23b (up 13% from 1H 2022). Net income: HK$1.66b (up 10% from 1H 2022). Profit margin: 27% (in line with 1H 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Hong Kong are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Aug 19
United Energy Group Limited to Report First Half, 2023 Results on Aug 31, 2023 United Energy Group Limited announced that they will report first half, 2023 results on Aug 31, 2023 Upcoming Dividend • Jul 11
Upcoming dividend of HK$0.04 per share at 4.6% yield Eligible shareholders must have bought the stock before 18 July 2023. Payment date: 09 August 2023. Trailing yield: 4.6%. Lower than top quartile of Hong Kong dividend payers (7.8%). Lower than average of industry peers (10%). Announcement • May 17
United Energy Group Limited Announces the Payment of Special Dividend, Payable on 09 August 2023 United Energy Group Limited announced the Payment of a Special Dividend of HKD 0.04 per share. Ex-dividend date is 18 July 2023. Record date is 25 July 2023 . Payment date is 09 August 2023. Price Target Changed • Apr 27
Price target increased by 11% to HK$1.40 Up from HK$1.26, the current price target is an average from 2 analysts. New target price is 18% above last closing price of HK$1.19. Stock is up 40% over the past year. The company is forecast to post earnings per share of HK$0.16 for next year compared to HK$0.099 last year. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to HK$1.14, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Oil and Gas industry in Hong Kong. Total loss to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$1.81 per share. Price Target Changed • Apr 03
Price target increased by 11% to HK$1.40 Up from HK$1.26, the current price target is an average from 2 analysts. New target price is 49% above last closing price of HK$0.94. Stock is up 9.3% over the past year. The company is forecast to post earnings per share of HK$0.16 for next year compared to HK$0.099 last year. Reported Earnings • Apr 01
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: HK$0.099 (up from HK$0.076 in FY 2021). Revenue: HK$10.8b (up 45% from FY 2021). Net income: HK$2.60b (up 30% from FY 2021). Profit margin: 24% (down from 27% in FY 2021). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 25%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 2.0% decline forecast for the Oil and Gas industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 51% After last week's 51% share price gain to HK$1.07, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 5x in the Oil and Gas industry in Hong Kong. Total loss to shareholders of 26% over the past three years. Board Change • Nov 16
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. 1 experienced director. 4 highly experienced directors. Independent Non-Executive Director Ying Wang was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 17% share price gain to HK$1.05, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 5x in the Oil and Gas industry in Hong Kong. Total loss to shareholders of 25% over the past three years. Major Estimate Revision • Sep 03
Consensus revenue estimates increase by 25% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from HK$8.91b to HK$11.1b. EPS estimate increased from HK$0.12 to HK$0.13 per share. Net income forecast to grow 53% next year vs 19% growth forecast for Oil and Gas industry in Hong Kong. Consensus price target up from HK$1.26 to HK$1.49. Share price rose 5.6% to HK$0.94 over the past week. Price Target Changed • Aug 31
Price target increased to HK$1.45 Up from HK$1.26, the current price target is an average from 2 analysts. New target price is 49% above last closing price of HK$0.97. Stock is down 18% over the past year. The company is forecast to post earnings per share of HK$0.11 for next year compared to HK$0.076 last year. Reported Earnings • Aug 27
First half 2022 earnings released: EPS: HK$0.058 (vs HK$0.037 in 1H 2021) First half 2022 results: EPS: HK$0.058 (up from HK$0.037 in 1H 2021). Revenue: HK$5.50b (up 59% from 1H 2021). Net income: HK$1.51b (up 57% from 1H 2021). Profit margin: 27% (in line with 1H 2021). Over the next year, revenue is forecast to stay flat compared to a 1.1% growth forecast for the Oil and Gas industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 16% share price gain to HK$1.17, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Oil and Gas industry in Hong Kong. Total loss to shareholders of 3.9% over the past three years.