Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to HK$1.05, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 7x in the Capital Markets industry in Hong Kong. Total returns to shareholders of 142% over the past three years. Buy Or Sell Opportunity • Jul 21
Now 21% overvalued Over the last 90 days, the stock has fallen 23% to HK$0.94. The fair value is estimated to be HK$0.78, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 64%. Revenue is forecast to grow by 45% in 2 years. Earnings are forecast to grow by 66% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$1.10, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 7x in the Capital Markets industry in Hong Kong. Total loss to shareholders of 39% over the past three years. Buy Or Sell Opportunity • Jun 09
Now 22% overvalued Over the last 90 days, the stock has fallen 34% to HK$0.96. The fair value is estimated to be HK$0.79, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 64%. Revenue is forecast to grow by 45% in 2 years. Earnings are forecast to grow by 66% in the next 2 years. New Risk • May 28
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$761.0m (US$97.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (32% net profit margin). Shareholders have been diluted in the past year (24% increase in shares outstanding). Market cap is less than US$100m (HK$761.0m market cap, or US$97.1m). Major Estimate Revision • May 19
Consensus revenue estimates increase by 16%, EPS downgraded The consensus outlook for fiscal year 2027 has been updated. 2027 revenue forecast increased from HK$194.4m to HK$225.3m. EPS estimate fell from HK$0.141 to HK$0.113. Net income forecast to grow 35% next year vs 15% growth forecast for Capital Markets industry in Hong Kong. Consensus price target up from HK$2.30 to HK$2.40. Share price fell 11% to HK$1.20 over the past week. New Risk • May 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 32% Last year net profit margin: 49% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (32% net profit margin). Shareholders have been diluted in the past year (22% increase in shares outstanding). Reported Earnings • May 14
Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2026 results: EPS: HK$0.09 (down from HK$0.11 in FY 2025). Revenue: HK$186.6m (up 44% from FY 2025). Net income: HK$59.6m (down 6.9% from FY 2025). Profit margin: 32% (down from 49% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 27%. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • May 13
TradeGo FinTech Limited, Annual General Meeting, Jun 30, 2026 TradeGo FinTech Limited, Annual General Meeting, Jun 30, 2026. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$1.36, the stock trades at a forward P/E ratio of 0x. Average forward P/E is 7x in the Capital Markets industry in Hong Kong. Total returns to shareholders of 65% over the past three years. Announcement • Apr 29
TradeGo FinTech Limited to Report Fiscal Year 2026 Results on May 12, 2026 TradeGo FinTech Limited announced that they will report fiscal year 2026 results on May 12, 2026 Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to HK$1.52, the stock trades at a forward P/E ratio of 0x. Average forward P/E is 11x in the Capital Markets industry in Hong Kong. Total returns to shareholders of 64% over the past three years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$1.28, the stock trades at a forward P/E ratio of 0x. Average forward P/E is 11x in the Capital Markets industry in Hong Kong. Total returns to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$1.56, the stock trades at a forward P/E ratio of 0x. Average forward P/E is 11x in the Capital Markets industry in Hong Kong. Total returns to shareholders of 61% over the past three years. Reported Earnings • Dec 24
First half 2026 earnings released: EPS: HK$0.054 (vs HK$0.009 in 1H 2025) First half 2026 results: EPS: HK$0.054 (up from HK$0.009 in 1H 2025). Revenue: HK$81.1m (up 110% from 1H 2025). Net income: HK$33.7m (up 493% from 1H 2025). Profit margin: 42% (up from 15% in 1H 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Capital Markets industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. New Risk • Dec 03
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$761.6m (US$97.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (140% accrual ratio). Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (HK$761.6m market cap, or US$97.8m). Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to HK$1.12, the stock trades at a forward P/E ratio of 0x. Average forward P/E is 10x in the Capital Markets industry in Hong Kong. Total returns to shareholders of 15% over the past three years. New Risk • Nov 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (132% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Announcement • Nov 19
TradeGo FinTech Limited has completed a Follow-on Equity Offering in the amount of HKD 93.1 million. TradeGo FinTech Limited has completed a Follow-on Equity Offering in the amount of HKD 93.1 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 70,000,000
Price\Range: HKD 1.33
Discount Per Security: HKD 0.0133
Transaction Features: Subsequent Direct Listing Announcement • Nov 11
TradeGo FinTech Limited has filed a Follow-on Equity Offering in the amount of HKD 93.1 million. TradeGo FinTech Limited has filed a Follow-on Equity Offering in the amount of HKD 93.1 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 70,000,000
Price\Range: HKD 1.33
Discount Per Security: HKD 0.0133
Transaction Features: Subsequent Direct Listing Announcement • Oct 24
TradeGo FinTech Limited to Report First Half, 2026 Results on Nov 06, 2025 TradeGo FinTech Limited announced that they will report first half, 2026 results on Nov 06, 2025 Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to HK$1.73, the stock trades at a forward P/E ratio of 0x. Average forward P/E is 11x in the Capital Markets industry in Hong Kong. Total returns to shareholders of 112% over the past three years. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to HK$1.96, the stock trades at a forward P/E ratio of 0x. Average forward P/E is 11x in the Capital Markets industry in Hong Kong. Total returns to shareholders of 140% over the past three years. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$2.32, the stock trades at a forward P/E ratio of 0x. Average forward P/E is 13x in the Capital Markets industry in Hong Kong. Total returns to shareholders of 181% over the past three years. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to HK$1.61, the stock trades at a forward P/E ratio of 0x. Average forward P/E is 14x in the Capital Markets industry in Hong Kong. Total returns to shareholders of 116% over the past three years. Reported Earnings • Jul 31
Full year 2025 earnings released: EPS: HK$0.11 (vs HK$0.015 in FY 2024) Full year 2025 results: EPS: HK$0.11 (up from HK$0.015 in FY 2024). Revenue: HK$129.7m (up 97% from FY 2024). Net income: HK$63.9m (up HK$55.5m from FY 2024). Profit margin: 49% (up from 13% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to HK$1.03, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 26x in the Capital Markets industry in Hong Kong. Total returns to shareholders of 38% over the past three years. Announcement • Jul 08
TradeGo FinTech Limited has completed a Follow-on Equity Offering in the amount of HKD 50.4 million. TradeGo FinTech Limited has completed a Follow-on Equity Offering in the amount of HKD 50.4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 80,000,000
Price\Range: HKD 0.63
Discount Per Security: HKD 0.0063
Transaction Features: Subsequent Direct Listing New Risk • Jun 25
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 12% 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 (12% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (HK$475.2m market cap, or US$60.5m). Announcement • Jun 25
TradeGo FinTech Limited has filed a Follow-on Equity Offering in the amount of HKD 50.4 million. TradeGo FinTech Limited has filed a Follow-on Equity Offering in the amount of HKD 50.4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 80,000,000
Price\Range: HKD 0.63
Discount Per Security: HKD 0.0063
Transaction Features: Subsequent Direct Listing Buy Or Sell Opportunity • Jun 25
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 155% to HK$0.88. The fair value is estimated to be HK$0.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 3.2%. Reported Earnings • Jun 21
Full year 2025 earnings released: EPS: HK$0.11 (vs HK$0.015 in FY 2024) Full year 2025 results: EPS: HK$0.11 (up from HK$0.015 in FY 2024). Revenue: HK$129.7m (up 97% from FY 2024). Net income: HK$63.9m (up HK$55.5m from FY 2024). Profit margin: 49% (up from 13% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 8% per year. Announcement • Jun 21
TradeGo FinTech Limited, Annual General Meeting, Aug 20, 2025 TradeGo FinTech Limited, Annual General Meeting, Aug 20, 2025. Announcement • Jun 10
TradeGo FinTech Limited to Report Fiscal Year 2025 Results on Jun 20, 2025 TradeGo FinTech Limited announced that they will report fiscal year 2025 results on Jun 20, 2025 Buy Or Sell Opportunity • Jun 05
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 97% to HK$0.74. The fair value is estimated to be HK$0.61, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.2% over the last 3 years. Earnings per share has declined by 47%. New Risk • Feb 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 9.9% 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 (9.9% average weekly change). Profit margins are more than 30% lower than last year (7.5% net profit margin). Market cap is less than US$100m (HK$208.3m market cap, or US$26.8m). Reported Earnings • Dec 07
First half 2025 earnings released: EPS: HK$0.009 (vs HK$0.015 in 1H 2024) First half 2025 results: EPS: HK$0.009 (down from HK$0.015 in 1H 2024). Revenue: HK$38.5m (up 12% from 1H 2024). Net income: HK$5.69m (down 36% from 1H 2024). Profit margin: 15% (down from 26% in 1H 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 37% per year, which means it has not declined as severely as earnings. Announcement • Oct 31
TradeGo FinTech Limited to Report First Half, 2025 Results on Nov 08, 2024 TradeGo FinTech Limited announced that they will report first half, 2025 results on Nov 08, 2024 New Risk • Sep 30
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 9.9% 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 (9.9% average weekly change). Profit margins are more than 30% lower than last year (13% net profit margin). Market cap is less than US$100m (HK$135.4m market cap, or US$17.4m). Reported Earnings • Jun 30
Full year 2024 earnings released: EPS: HK$0.015 (vs HK$0.045 in FY 2023) Full year 2024 results: EPS: HK$0.015 (down from HK$0.045 in FY 2023). Revenue: HK$65.7m (down 33% from FY 2023). Net income: HK$8.48m (down 68% from FY 2023). Profit margin: 13% (down from 27% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 27% per year. Announcement • Jun 29
TradeGo FinTech Limited, Annual General Meeting, Aug 30, 2024 TradeGo FinTech Limited, Annual General Meeting, Aug 30, 2024. Announcement • Jun 15
TradeGo FinTech Limited to Report Fiscal Year 2024 Results on Jun 28, 2024 TradeGo FinTech Limited announced that they will report fiscal year 2024 results on Jun 28, 2024 New Risk • May 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. 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 2023 fiscal period end). Short dividend paying track record (1 year of continuous dividend payments). Profit margins are more than 30% lower than last year (21% net profit margin). Market cap is less than US$100m (HK$138.8m market cap, or US$17.8m). Upcoming Dividend • Apr 16
Upcoming dividend of HK$0.018 per share Eligible shareholders must have bought the stock before 23 April 2024. Payment date: 16 May 2024. Trailing yield: 17%. Within top quartile of Hong Kong dividend payers (8.2%). Higher than average of industry peers (4.2%). Announcement • Apr 10
Tradego Fintech Limited Announces Special Dividend, Payable on 16 May 2024 TradeGo FinTech Limited announced special dividend of HKD 0.018 per share. Ex-dividend date is 23 April 2024. Record date is 26 April 2024. Payment date is 16 May 2024. Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: HK$0.004 (vs HK$0.013 in 2Q 2023) Second quarter 2024 results: EPS: HK$0.004 (down from HK$0.013 in 2Q 2023). Revenue: HK$15.4m (down 37% from 2Q 2023). Net income: HK$2.43m (down 68% from 2Q 2023). Profit margin: 16% (down from 31% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Capital Markets industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 4% per year. Announcement • Oct 28
TradeGo FinTech Limited to Report First Half, 2024 Results on Nov 08, 2023 TradeGo FinTech Limited announced that they will report first half, 2024 results on Nov 08, 2023 Buying Opportunity • Aug 10
Now 28% undervalued after recent price drop Over the last 90 days, the stock is down 60%. The fair value is estimated to be HK$0.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 72% in 2 years. Earnings is forecast to grow by 169% in the next 2 years. Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: HK$0.011 (vs HK$0.017 in 1Q 2023) First quarter 2024 results: EPS: HK$0.011 (down from HK$0.017 in 1Q 2023). Revenue: HK$18.8m (down 27% from 1Q 2023). Net income: HK$6.49m (down 37% from 1Q 2023). Profit margin: 34% (down from 40% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Capital Markets industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Jul 26
TradeGo FinTech Limited to Report Q1, 2024 Results on Aug 08, 2023 TradeGo FinTech Limited announced that they will report Q1, 2024 results on Aug 08, 2023 New Risk • Jul 21
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 24% 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 (24% average weekly change). Minor Risks Dividend is not well covered by cash flows (113% cash payout ratio). Market cap is less than US$100m (HK$422.3m market cap, or US$54.0m). Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to HK$2.75, the stock trades at a trailing P/E ratio of 60.4x. Average forward P/E is 8x in the Capital Markets industry in Hong Kong. Total returns to shareholders of 783% over the past three years. 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 9.5% 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. This is currently the only risk that has been identified for the company. Announcement • Jun 17
TradeGo FinTech Limited, Annual General Meeting, Aug 18, 2023 TradeGo FinTech Limited, Annual General Meeting, Aug 18, 2023. Reported Earnings • Jun 17
Full year 2023 earnings released: EPS: HK$0.045 (vs HK$0.044 in FY 2022) Full year 2023 results: EPS: HK$0.045 (up from HK$0.044 in FY 2022). Revenue: HK$98.0m (up 19% from FY 2022). Net income: HK$26.3m (up 4.2% from FY 2022). Profit margin: 27% (down from 31% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Capital Markets industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to HK$1.83, the stock trades at a trailing P/E ratio of 23.9x. Average forward P/E is 8x in the Capital Markets industry in Hong Kong. Total returns to shareholders of 556% over the past three years. Announcement • Jun 07
TradeGo FinTech Limited to Report Fiscal Year 2023 Results on Jun 16, 2023 TradeGo FinTech Limited announced that they will report fiscal year 2023 results on Jun 16, 2023 Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to HK$1.23, the stock trades at a trailing P/E ratio of 16.1x. Average forward P/E is 6x in the Capital Markets industry in Hong Kong. Total returns to shareholders of 320% over the past three years. Announcement • Feb 08
Tradego Fintech Limited Announces Board and Committee Changes The board of directors of TradeGo FinTech Limited announced that Dr. Loke Yu (also known as LOKE Hoi Lam and Jimmy Hoi Lam LOKE) ("Dr. Loke") resigned as an independent non-executive Director and the chairman of the audit committee of the Company (the "Audit Committee") with effect from 8 February 2023 in order to pursue other personal commitments. Following the resignation of Dr. Loke, the Board announced that Mr. Heng VictorJa Wei ("Mr. Heng") has been appointed as an independent non-executive Director and the chairman of the Audit Committee with effect from 8 February 2023. Mr. Heng, aged 45, is a partner of Morison Heng, Certified Public Accountants. Mr. Heng graduated from Imperial College of Science, Technology and Medicine, a university inLondon, with a master degree in computing science. He is a member of the Hong Kong Institute of Certified Public Accountants and holds a Certified Public Accountant (Practising) certificate issued by Accounting and Financial Reporting Council and is a fellow of the Association of Chartered Certified Accountants. Mr. Heng serves as an independent non-executive director of Best Food Holding Company Limited, Lee & Man Chemical Company Limited, Matrix Holdings Limited and Veson Holdings Limited and company secretary of China Life Insurance Company Limited, whose shares are listed on the main board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). Reported Earnings • Feb 08
Third quarter 2023 earnings released: EPS: HK$0.031 (vs HK$0.011 in 3Q 2022) Third quarter 2023 results: EPS: HK$0.031 (up from HK$0.011 in 3Q 2022). Revenue: HK$25.5m (up 11% from 3Q 2022). Net income: HK$18.6m (up 207% from 3Q 2022). Profit margin: 73% (up from 26% in 3Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Capital Markets industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Announcement • Jan 21
TradeGo FinTech Limited to Report Q3, 2023 Results on Feb 07, 2023 TradeGo FinTech Limited announced that they will report Q3, 2023 results on Feb 07, 2023 Upcoming Dividend • Dec 27
Inaugural dividend of HK$0.043 per share Eligible shareholders must have bought the stock before 03 January 2023. Payment date: 26 January 2023. This is the first dividend for TradeGo FinTech since going public. The average dividend yield among industry peers is 4.2%. Announcement • Dec 21
TradeGo Fintech Limited Announces Declaration and Payment of Special Dividend, Payable on January 26, 2023 TradeGo FinTech Limited announced declaration and payment of special dividend of HKD 0.0434, payable on January 26, 2023. Record date is January 6, 2023. Ex-dividend date is 03 January 2023. Book close period: from January 5, 2023 to January 6, 2023. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Elton Man 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. Reported Earnings • Nov 10
Second quarter 2023 earnings released: EPS: HK$0.013 (vs HK$0.01 in 2Q 2022) Second quarter 2023 results: EPS: HK$0.013 (up from HK$0.01 in 2Q 2022). Revenue: HK$24.7m (up 20% from 2Q 2022). Net income: HK$7.62m (up 27% from 2Q 2022). Profit margin: 31% (up from 29% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Capital Markets industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Aug 13
Executive Chairman & CEO recently bought HK$368k worth of stock On the 9th of August, Yong Liu bought around 484k shares on-market at roughly HK$0.76 per share. This was the largest purchase by an insider in the last 3 months. Yong has been a buyer over the last 12 months, purchasing a net total of HK$656k worth in shares. Reported Earnings • Aug 09
First quarter 2023 earnings released: EPS: HK$0.017 (vs HK$0.008 in 1Q 2022) First quarter 2023 results: EPS: HK$0.017 (up from HK$0.008 in 1Q 2022). Revenue: HK$25.9m (up 54% from 1Q 2022). Net income: HK$10.2m (up 141% from 1Q 2022). Profit margin: 40% (up from 25% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 12%, compared to a 17% growth forecast for the industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • Jul 28
TradeGo FinTech Limited to Report Q1, 2023 Results on Aug 08, 2022 TradeGo FinTech Limited announced that they will report Q1, 2023 results on Aug 08, 2022 Recent Insider Transactions • Jul 13
Executive Chairman & CEO recently bought HK$180k worth of stock On the 7th of July, Yong Liu bought around 200k shares on-market at roughly HK$0.90 per share. This was the largest purchase by an insider in the last 3 months. Yong has been a buyer over the last 12 months, purchasing a net total of HK$275k worth in shares. Recent Insider Transactions • Jul 06
Compliance Officer & Executive Director recently bought HK$142k worth of stock On the 30th of June, Yong Wan bought around 160k shares on-market at roughly HK$0.89 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$181k more in shares than they have sold in the last 12 months. Announcement • Jun 21
TradeGo FinTech Limited, Annual General Meeting, Aug 18, 2022 TradeGo FinTech Limited, Annual General Meeting, Aug 18, 2022. Reported Earnings • Jun 21
Full year 2022 earnings released: EPS: HK$0.044 (vs HK$0.043 in FY 2021) Full year 2022 results: EPS: HK$0.044 (up from HK$0.043 in FY 2021). Revenue: HK$82.3m (up 27% from FY 2021). Net income: HK$25.3m (up 23% from FY 2021). Profit margin: 31% (down from 32% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Jun 03
TradeGo FinTech Limited to Report Fiscal Year 2022 Results on Jun 20, 2022 TradeGo FinTech Limited announced that they will report fiscal year 2022 results on Jun 20, 2022 Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 21% share price gain to HK$1.11, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 8x in the Capital Markets industry in Hong Kong. Total returns to shareholders of 120% over the past three years. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improved over the past week After last week's 35% share price gain to HK$1.09, the stock trades at a trailing P/E ratio of 28.8x. Average trailing P/E is 8x in the Capital Markets industry in Hong Kong. Total returns to shareholders of 97% over the past three years. Board Change • Apr 27
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. 7 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Elton Man 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 • Apr 20
TradeGo FinTech Limited Announces Appointment of Wang Haihang as Non-Executive Director, Effective 1 May 2022 TradeGo FinTech Limited announced that it has resolved to appoint Mr. WANG Haihang as a Non-executive Director with effect from 1 May 2022. Mr. WANG Haihang, aged 54, graduated from University of Electronic Science and Technology of China, majoring in Technology of Computer Application. From October 2010 to September 2015 Mr. WANG served as General Manager of Information Technology Development and Co-General Manager of Information Security of Shenwan Hongyuan Securities Co., LTD. From September 2015 to August 2018, he served as deputy General Manager of Jiuzhou Securities Co., LTD. From October 2018 to November 2020, he served as Assistant to President and President of Information Technology Center of Minsheng Securities Co., LTD. Since December 2020, he served as the Senior Vice-President of Shenzhen Kingdom Sci-Tech Co. Ltd. ("Kingdom"), a substantial shareholder of the Company. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improved over the past week After last week's 24% share price gain to HK$1.48, the stock trades at a trailing P/E ratio of 39.1x. Average trailing P/E is 10x in the Capital Markets industry in Hong Kong. Total returns to shareholders of 163% over the past three years. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improved over the past week After last week's 15% share price gain to HK$1.20, the stock trades at a trailing P/E ratio of 31.7x. Average trailing P/E is 8x in the Capital Markets industry in Hong Kong. Total returns to shareholders of 88% over the past three years. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment improved over the past week After last week's 29% share price gain to HK$1.17, the stock trades at a trailing P/E ratio of 30.9x. Average trailing P/E is 7x in the Capital Markets industry in Hong Kong. Total returns to shareholders of 105% over the past three years. Reported Earnings • Feb 09
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: HK$0.011 (down from HK$0.014 in 3Q 2021). Revenue: HK$22.9m (up 30% from 3Q 2021). Net income: HK$6.05m (down 5.9% from 3Q 2021). Profit margin: 26% (down from 36% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Jan 12
TradeGo FinTech Limited Provides Unaudited Consolidated Net Profit Guidance for the Nine Months Ended December 31, 2021 The Board of TradeGo FinTech Limited provided unaudited consolidated net profit guidance for the nine months ended December 31, 2021. For the period, the group will record a net profit after taxation in the range of HKD 16 million to HKD 18 million, as compared to a net profit after taxation of approximately HKD 14.2 million for the nine months ended December 31, 2020. The Board believes that the increase was mainly attributable to the increase in revenue from TradeGo Pro. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS HK$0.01 (vs HK$0.008 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: HK$20.6m (up 28% from 2Q 2021). Net income: HK$5.99m (up 52% from 2Q 2021). Profit margin: 29% (up from 25% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Executive Departure • Sep 13
Company Secretary Chun Chen has left the company On the 9th of September, Chun Chen's tenure as Company Secretary ended after 3.0 years in the role. We don't have any record of a personal shareholding under Chun's name. Chun is the only executive to leave the company over the last 12 months. Reported Earnings • Aug 10
First quarter 2022 earnings released: EPS HK$0.008 (vs HK$0.008 in 1Q 2021) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2022 results: Revenue: HK$16.8m (up 22% from 1Q 2021). Net income: HK$4.24m (up 12% from 1Q 2021). Profit margin: 25% (down from 27% in 1Q 2021). The decrease in margin was driven by higher expenses. 
