Recent Insider Transactions • Jun 04
Executive Director recently sold HK$150k worth of stock On the 2nd of June, Hongmei He sold around 25k shares on-market at roughly HK$6.00 per share. This transaction amounted to 3.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of HK$2.3m more than they bought in the last 12 months. Upcoming Dividend • Jun 02
Upcoming dividend of HK$0.35 per share Eligible shareholders must have bought the stock before 09 June 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 5.5%. Lower than top quartile of Hong Kong dividend payers (6.9%). Higher than average of industry peers (3.4%). New Risk • Mar 31
New major risk - Revenue and earnings growth Earnings have declined by 1.0% 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 1.0% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Declared Dividend • Mar 29
Dividend of HK$0.35 announced Shareholders will receive a dividend of HK$0.35. Ex-date: 9th June 2026 Payment date: 30th June 2026 Dividend yield will be 5.2%, which is lower than the industry average of 5.5%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 27
EEKA Fashion Holdings Limited, Annual General Meeting, Jun 05, 2026 EEKA Fashion Holdings Limited, Annual General Meeting, Jun 05, 2026. Announcement • Mar 16
EEKA Fashion Holdings Limited to Report Fiscal Year 2025 Results on Mar 27, 2026 EEKA Fashion Holdings Limited announced that they will report fiscal year 2025 results on Mar 27, 2026 Reported Earnings • Sep 28
First half 2025 earnings released: EPS: CN¥0.43 (vs CN¥0.41 in 1H 2024) First half 2025 results: EPS: CN¥0.43 (up from CN¥0.41 in 1H 2024). Revenue: CN¥3.10b (down 6.1% from 1H 2024). Net income: CN¥287.6m (up 3.2% from 1H 2024). Profit margin: 9.3% (up from 8.4% in 1H 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Specialty Retail industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Sep 20
Executive Director recently sold HK$2.1m worth of stock On the 15th of September, Hongmei He sold around 248k shares on-market at roughly HK$8.51 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. 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 • Aug 24
First half 2025 earnings released: EPS: CN¥0.43 (vs CN¥0.41 in 1H 2024) First half 2025 results: EPS: CN¥0.43 (up from CN¥0.41 in 1H 2024). Revenue: CN¥3.10b (down 6.1% from 1H 2024). Net income: CN¥287.6m (up 3.2% from 1H 2024). Profit margin: 9.3% (up from 8.4% in 1H 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Specialty Retail industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Aug 09
EEKA Fashion Holdings Limited to Report First Half, 2025 Results on Aug 22, 2025 EEKA Fashion Holdings Limited announced that they will report first half, 2025 results on Aug 22, 2025 Announcement • Jun 06
EEKA Fashion Holdings Limited Approves Final Dividend for the Year Ended 31 December 2024 EEKA Fashion Holdings Limited announced at the AGM held on June 6, 2025, approved the final dividend for the year ended 31 December 2024 of 38 Hong Kong cents per share of HKD 0.01 in the capital of the Company. Upcoming Dividend • Jun 04
Upcoming dividend of HK$0.38 per share Eligible shareholders must have bought the stock before 11 June 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (2.4%). Declared Dividend • Mar 27
Dividend of HK$0.38 announced Shareholders will receive a dividend of HK$0.38. Ex-date: 11th June 2025 Payment date: 30th June 2025 Dividend yield will be 5.0%, which is lower than the industry average of 5.5%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 52% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 26
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: CN¥0.68 (down from CN¥1.24 in FY 2023). Revenue: CN¥6.59b (down 4.7% from FY 2023). Net income: CN¥468.5m (down 44% from FY 2023). Profit margin: 7.1% (down from 12% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.7%. Revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Specialty Retail industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Mar 26
EEKA Fashion Holdings Limited, Annual General Meeting, Jun 06, 2025 EEKA Fashion Holdings Limited, Annual General Meeting, Jun 06, 2025. Announcement • Mar 12
EEKA Fashion Holdings Limited to Report Fiscal Year 2024 Results on Mar 25, 2025 EEKA Fashion Holdings Limited announced that they will report fiscal year 2024 results on Mar 25, 2025 Announcement • Jan 17
EEKA Fashion Holdings Limited Provides Preliminary Unaudited Consolidated Group Earnings Guidance for the Year Ended 31 December 2024 EEKA Fashion Holdings Limited provided preliminary unaudited consolidated group earnings guidance for the year ended 31 December 2024. For the year, the group expects to record a decrease in revenue of not more than 5% and a decrease in net profit of not more than 45% as compared to 2023. The expected decrease in revenue and net profit is primarily attributable to the overall decline in product sales, the increased investment in brand assets and research and development, including advertising and store upgrades, intelligence collection, customer research, product development and increased marketing expenses. Reported Earnings • Sep 21
First half 2024 earnings released: EPS: CN¥0.41 (vs CN¥0.66 in 1H 2023) First half 2024 results: EPS: CN¥0.41 (down from CN¥0.66 in 1H 2023). Revenue: CN¥3.31b (down 1.0% from 1H 2023). Net income: CN¥278.7m (down 37% from 1H 2023). Profit margin: 8.4% (down from 13% in 1H 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Specialty Retail industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Sep 13
Chairman & CEO recently bought HK$2.8m worth of stock On the 9th of September, Ming Jin bought around 300k shares on-market at roughly HK$9.20 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 purchase worth HK$5.3m. Ming has been a buyer over the last 12 months, purchasing a net total of HK$26m worth in shares. Major Estimate Revision • Aug 23
Consensus revenue estimates fall by 13% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥7.92b to CN¥6.90b. EPS estimate fell from CN¥1.34 to CN¥0.846 per share. Net income forecast to shrink 2.0% next year vs 7.0% growth forecast for Specialty Retail industry in Hong Kong . Consensus price target down from HK$17.53 to HK$12.20. Share price was steady at HK$8.70 over the past week. Reported Earnings • Aug 19
First half 2024 earnings released: EPS: CN¥0.41 (vs CN¥0.66 in 1H 2023) First half 2024 results: EPS: CN¥0.41 (down from CN¥0.66 in 1H 2023). Revenue: CN¥3.31b (down 1.0% from 1H 2023). Net income: CN¥278.7m (down 37% from 1H 2023). Profit margin: 8.4% (down from 13% in 1H 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Specialty Retail industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Aug 05
EEKA Fashion Holdings Limited to Report First Half, 2024 Results on Aug 15, 2024 EEKA Fashion Holdings Limited announced that they will report first half, 2024 results on Aug 15, 2024 Buy Or Sell Opportunity • Aug 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to HK$8.88. The fair value is estimated to be HK$11.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Earnings per share has grown by 8.4%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$9.05, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Specialty Retail industry in Hong Kong. Total loss to shareholders of 5.0% over the past three years. Announcement • Jun 08
EEKA Fashion Holdings Limited Approves Final Dividend for the Year Ended 31 December 2023 EEKA Fashion Holdings Limited at its AGM held on June 7, 2024, approved the final dividend for the year ended 31 December 2023 of 70 Hong Kong cents per share of HKD 0.01 in the capital of the Company. Upcoming Dividend • Jun 05
Upcoming dividend of HK$0.70 per share Eligible shareholders must have bought the stock before 12 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 6.3%. Lower than top quartile of Hong Kong dividend payers (7.6%). Higher than average of industry peers (5.0%). Announcement • Apr 21
EEKA Fashion Holdings Limited, Annual General Meeting, Jun 07, 2024 EEKA Fashion Holdings Limited, Annual General Meeting, Jun 07, 2024, at 15:00 China Standard Time. Location: Portion 2, 12/F, The Center, 99 Queen's Road Central, Central Hong Kong Agenda: to receive and consider the audited consolidated financial statements and reports of the directors and auditors of the Company for the year ended 31 December 2023; to declare a final dividend for the year ended 31 December 2023 of HK70 cents per share of HKD 0.01 in the capital of the Company; to re-appoint auditors and to authorise the board of Directors to fix their remuneration; to re-elect Mr. Zhong Ming as independent non-executive Director; to re-elect Mr. Zhang Guodong as independent non-executive Director; to authorise the board of Directors to fix the Directors' remuneration; and to discuss other matters. Reported Earnings • Mar 26
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥1.24 (up from CN¥0.56 in FY 2022). Revenue: CN¥6.91b (up 22% from FY 2022). Net income: CN¥838.2m (up 119% from FY 2022). Profit margin: 12% (up from 6.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 1.6%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Specialty Retail industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year. Announcement • Mar 14
EEKA Fashion Holdings Limited to Report Fiscal Year 2023 Results on Mar 25, 2024 EEKA Fashion Holdings Limited announced that they will report fiscal year 2023 results on Mar 25, 2024 Announcement • Jan 18
EEKA Fashion Holdings Limited Provides Preliminary Group Earnings Guidance for the Year Ended 31 December 2023 EEKA Fashion Holdings Limited provided preliminary group earnings guidance for the year ended 31 December 2023. For the year, the group expects to record not less than 120% growth in net profit and not less than 20% increase in revenue as compared with 2022, primarily attributable to the growth of product sales across various channels, the vigorous product improvement and optimization of the operations of the Group. Reported Earnings • Sep 30
First half 2023 earnings released: EPS: CN¥0.66 (vs CN¥0.39 in 1H 2022) First half 2023 results: EPS: CN¥0.66 (up from CN¥0.39 in 1H 2022). Revenue: CN¥3.34b (up 15% from 1H 2022). Net income: CN¥445.2m (up 71% from 1H 2022). Profit margin: 13% (up from 9.0% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Specialty Retail industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. Major Estimate Revision • Sep 06
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from CN¥0.939 to CN¥1.06. Revenue forecast steady at CN¥7.25b. Net income forecast to grow 45% next year vs 35% growth forecast for Specialty Retail industry in Hong Kong. Consensus price target up from HK$13.41 to HK$13.91. Share price rose 6.7% to HK$13.34 over the past week. Reported Earnings • Aug 26
First half 2023 earnings released: EPS: CN¥0.66 (vs CN¥0.39 in 1H 2022) First half 2023 results: EPS: CN¥0.66 (up from CN¥0.39 in 1H 2022). Revenue: CN¥3.34b (up 15% from 1H 2022). Net income: CN¥445.2m (up 71% from 1H 2022). Profit margin: 13% (up from 9.0% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Specialty Retail industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 16
EEKA Fashion Holdings Limited to Report First Half, 2023 Results on Aug 25, 2023 EEKA Fashion Holdings Limited announced that they will report first half, 2023 results on Aug 25, 2023 Announcement • Jun 09
Eeka Fashion Holdings Limited Approves Final Dividend for the Year Ended 31 December 2022 EEKA Fashion Holdings Limited Limited announced at the AGM held on June 8, 2023 that the company approved the final dividend for the year ended 31 December 2022 of HK 40 cents per share of HKD 0.01 in the capital of the Company. Upcoming Dividend • Jun 07
Upcoming dividend of HK$0.40 per share at 3.6% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Hong Kong dividend payers (7.7%). In line with average of industry peers (3.8%). Recent Insider Transactions • May 09
Executive Director recently sold HK$166k worth of stock On the 4th of May, Hongmei He sold around 15k shares on-market at roughly HK$11.04 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of HK$260k more than they bought in the last 12 months. Recent Insider Transactions • May 05
Executive Director recently sold HK$94k worth of stock On the 28th of April, Hongmei He sold around 9k shares on-market at roughly HK$11.10 per share. This transaction amounted to 5.9% of their direct individual holding at the time of the trade. 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. Major Estimate Revision • Apr 07
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CN¥0.898 to CN¥0.787 per share. Revenue forecast steady at CN¥7.31b. Net income forecast to grow 65% next year vs 22% growth forecast for Specialty Retail industry in Hong Kong. Consensus price target up from HK$12.83 to HK$13.15. Share price was steady at HK$10.74 over the past week. Reported Earnings • Mar 30
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.56 (down from CN¥0.84 in FY 2021). Revenue: CN¥5.66b (down 11% from FY 2021). Net income: CN¥382.4m (down 32% from FY 2021). Profit margin: 6.8% (down from 8.9% in FY 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 29%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Specialty Retail industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 21
EEKA Fashion Holdings Limited Provides Earnings Guidance for the Year Ended December 31, 2022 EEKA Fashion Holdings Limited provided earnings guidance for the year ended December 31, 2022. The board of directors of the Company informed the shareholders (the "Shareholders ") and potential investors of the Company that the Group is expected to record a decrease in revenue, primarily attributable to the subsisting growth of novel coronavirus ("COVID-19") infected cases in a number of provinces and municipalities in the People's Republic of China throughout 2022, which significantly affected the retail sales of the Group. Coupled with the share based expenses as a result of the grant of the third tranche of award shares under the share award scheme adopted by the Company, it is expected that the net profit for the year ended 31 December 2022 will decrease by around 35% as compared with 2021. 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. 3 experienced directors. 3 highly experienced directors. Executive Director Rui Jin was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 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. 3 experienced directors. 3 highly experienced directors. Executive Director Rui Jin was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 27
First half 2022 earnings released: EPS: CN¥0.39 (vs CN¥0.42 in 1H 2021) First half 2022 results: EPS: CN¥0.39 (down from CN¥0.42 in 1H 2021). Revenue: CN¥2.90b (down 5.9% from 1H 2021). Net income: CN¥260.6m (down 6.8% from 1H 2021). Profit margin: 9.0% (down from 9.1% in 1H 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 20%, compared to a 15% growth forecast for the Specialty Retail industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 12% per year. Announcement • Aug 13
EEKA Fashion Holdings Limited to Report Q2, 2022 Results on Aug 26, 2022 EEKA Fashion Holdings Limited announced that they will report Q2, 2022 results on Aug 26, 2022 Announcement • Jun 09
EEKA Fashion Holdings Limited Approves Final Dividend for the Year Ended 31 December 2020 EEKA Fashion Holdings Limited approved the final dividend for the year ended 31 December 2020 of HK 48 cents per share of HKD 0.01 in the capital of the Company, at its annual general meeting held on June 8, 2022. Upcoming Dividend • Jun 03
Upcoming dividend of HK$0.48 per share Eligible shareholders must have bought the stock before 10 June 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (3.3%). Reported Earnings • May 03
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.84 (up from CN¥0.67 in FY 2020). Revenue: CN¥6.35b (up 19% from FY 2020). Net income: CN¥564.0m (up 25% from FY 2020). Profit margin: 8.9% (up from 8.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 7.8%. Earnings per share (EPS) also missed analyst estimates by 18%. Over the next year, revenue is forecast to grow 11%, compared to a 22% growth forecast for the retail industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • May 02
EEKA Fashion Holdings Limited, Annual General Meeting, Jun 08, 2022 EEKA Fashion Holdings Limited, Annual General Meeting, Jun 08, 2022, at 11:00 China Standard Time. Location: Portion 2, 12/F, The Center, 99 Queen's Road Central, Central Hong Kong Agenda: To receive and consider the audited consolidated financial statements and reports of the directors (the ``Directors'') and auditors of the Company for the year ended 31 December 2021; to declare a final dividend for the year ended 31 December 2021 of HK48 cents per share (each a ``Share'') of HK$0.01 in the capital of the Company; to reelect of executive directors; to re-appoint auditors and to authorize the board of Directors to fix their remuneration;and to consider other matters. Major Estimate Revision • Apr 01
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥7.81b to CN¥7.07b. EPS estimate also fell from CN¥1.18 per share to CN¥0.99 per share. Net income forecast to grow 32% next year vs 22% growth forecast for Specialty Retail industry in Hong Kong. Consensus price target broadly unchanged at HK$14.07. Share price fell 5.4% to HK$11.82 over the past week. Reported Earnings • Mar 28
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.84 (up from CN¥0.67 in FY 2020). Revenue: CN¥6.35b (up 19% from FY 2020). Net income: CN¥564.0m (up 25% from FY 2020). Profit margin: 8.9% (up from 8.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 7.8%. Earnings per share (EPS) also missed analyst estimates by 18%. Over the next year, revenue is forecast to grow 23%, compared to a 22% growth forecast for the retail industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 10% per year. Announcement • Jan 25
EEKA Fashion Holdings Limited Provides Financial Guidance for the Year Ended 31 December 2021 EEKA Fashion Holdings Limited provided financial guidance for the year ended 31 December 2021. The Group is expected to record not less than 25% growth in net profit for the year ended 31 December 2021 as compared with 2020, primarily attributable to the growth of product sales of the Group across various channels, the vigorous product reform of the Company and the digital reform and supply chain reform which improved and optimised the operations of the Group. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 26% share price gain to HK$13.30, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 55% over the past three years. Announcement • Dec 29
EEKA Fashion Holdings Limited Announces Project Update EEKA Fashion Holdings Limited announced following the launch of the second phase of the Group's omni-channel project as announced dated 19 November 2020, the Company announced that the third phase of the Group's omni-channel project has also been successfully launched. The directors (the "Directors") of the Company believe that the completion of the third phase of the omni-channel project has provided important support for the Group to continuously improve operational efficiency: First, the migration of the member middle platform was successfully completed which further improved the customer management ability under the Group's private domain operation mode; Second, the data middle platform was successfully launched, combined with the existing business and the member middle platform, all the main capability modules of the Group's digital system were launched;Third, the data center platform is online and synchronizes the intelligent commodity management system; and Fourth, the distributor interface is all open, fully empowering the distributor's digital management. The successful launch of the third phase of the omni-channel project, combined with the strong terminal management capabilities of the Group's highly direct operation, will help to comprehensively enhance the Group's competitive advantages and increase the Company's market share in the mid-to-high-end women's apparel industry. The Directors believe that omni-channel project will be in line with global trends for omni-channel strategy and will help to increase the Group's future revenue and profitability which is in the best interests of the Company and its shareholders as a whole. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 18% share price gain to HK$12.72, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 49% over the past three years. Reported Earnings • Oct 01
First half 2021 earnings released: EPS CN¥0.42 (vs CN¥0.19 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CN¥3.08b (up 54% from 1H 2020). Net income: CN¥279.6m (up 113% from 1H 2020). Profit margin: 9.1% (up from 6.6% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 30
First half 2021 earnings released: EPS CN¥0.42 (vs CN¥0.19 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CN¥3.08b (up 54% from 1H 2020). Net income: CN¥279.6m (up 113% from 1H 2020). Profit margin: 9.1% (up from 6.6% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥11.92, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 32% over the past three years. Upcoming Dividend • Jun 03
Upcoming dividend of HK$0.38 per share Eligible shareholders must have bought the stock before 09 June 2021. Payment date: 30 June 2021. Trailing yield: 3.6%. Lower than top quartile of Hong Kong dividend payers (5.9%). Higher than average of industry peers (1.4%). Announcement • May 12
EEKA Fashion Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 199.5 million. EEKA Fashion Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 199.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 19,000,000
Price\Range: HKD 10.5
Discount Per Security: HKD 0.0525
Transaction Features: Subsequent Direct Listing Reported Earnings • May 03
Full year 2020 earnings released: EPS CN¥0.67 (vs CN¥0.69 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥5.33b (up 28% from FY 2019). Net income: CN¥452.8m (up 12% from FY 2019). Profit margin: 8.5% (down from 9.8% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year and the company’s share price has also increased by 7% per year. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥9.10, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 10% over the past three years. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS CN¥0.67 (vs CN¥0.69 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥5.33b (up 28% from FY 2019). Net income: CN¥452.8m (up 12% from FY 2019). Profit margin: 8.5% (down from 9.8% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year. Announcement • Mar 17
EEKA Fashion Holdings Limited to Report Fiscal Year 2020 Results on Mar 26, 2021 EEKA Fashion Holdings Limited announced that they will report fiscal year 2020 results on Mar 26, 2021 Is New 90 Day High Low • Feb 22
New 90-day low: HK$11.42 The company is down 37% from its price of HK$18.04 on 24 November 2020. The Hong Kong market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 5.0% over the same period. Is New 90 Day High Low • Jan 13
New 90-day low: HK$13.10 The company is down 12% from its price of HK$14.96 on 15 October 2020. The Hong Kong market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is down 2.0% over the same period. 
