Recent Insider Transactions • Jun 05
Founder & Executive Chairman recently bought HK$215k worth of stock On the 29th of May, Lin Luo bought around 224k shares on-market at roughly HK$0.96 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. This was Lin's only on-market trade for the last 12 months. Announcement • May 28
Anton Oilfield Services Group Approves Final Dividend for the Year Ended 31 December 2025 Anton Oilfield Services Group at its AGM held on 27 May 2026 approved to declare a final dividend of 0.0373 per share for the year ended 31 December 2025. Upcoming Dividend • May 22
Upcoming dividend of CN¥0.037 per share Eligible shareholders must have bought the stock before 29 May 2026. Payment date: 11 June 2026. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Hong Kong dividend payers (6.9%). In line with average of industry peers (3.7%). Declared Dividend • Apr 01
Dividend of CN¥0.037 announced Shareholders will receive a dividend of CN¥0.037. Ex-date: 29th May 2026 Payment date: 11th June 2026 Dividend yield will be 3.5%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 21% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 38% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Mar 30
Anton Oilfield Services Group, Annual General Meeting, May 27, 2026 Anton Oilfield Services Group, Annual General Meeting, May 27, 2026. Reported Earnings • Mar 30
Full year 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.085 in FY 2024) Full year 2025 results: EPS: CN¥0.14 (up from CN¥0.085 in FY 2024). Revenue: CN¥5.57b (up 17% from FY 2024). Net income: CN¥373.1m (up 54% from FY 2024). Profit margin: 6.7% (up from 5.1% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$1.29, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Energy Services industry in Asia. Total returns to shareholders of 279% over the past three years. Announcement • Feb 13
Anton Oilfield Services Group Provides Earnings Guidance for the Year Ended 31 December 2025 Anton Oilfield Services Group provided earnings guidance for the year ended 31 December 2025. For the year, the company expects that the Group's profit attributable to equity holders for the year ended 31 December 2025, will range from approximately RMB 360.0 million to RMB 380.0 million, representing a significant increase of between 48.4% and 56.6% compared to the profit attributable to equity holders of approximately RMB 242.6 million for the year ended 31 December 2024. The growth is mainly attributable to:(i) the continued expansion of the Group's global operations and the ongoing deepening of the Amoeba management model, which led to the continued expansion of the Group's business scale and sustained growth in both revenue and gross profit; (ii) the full repayment of the Group's U.S. dollar-denominated bonds upon maturity in January 2025, resulting in a substantial decrease in finance costs compared to the same period last year. Announcement • Feb 12
Anton Oilfield Services Group to Report Fiscal Year 2025 Results on Mar 30, 2026 Anton Oilfield Services Group announced that they will report fiscal year 2025 results on Mar 30, 2026 New Risk • Jan 28
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 9.6% 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 (9.6% average weekly change). Profit margins are more than 30% lower than last year (4.4% net profit margin). Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to HK$1.02, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 15x in the Energy Services industry in Asia. Total returns to shareholders of 200% over the past three years. New Risk • Nov 17
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: 4.4% Last year net profit margin: 6.5% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (4.4% net profit margin). New Risk • Oct 06
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$1.16, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Energy Services industry in Asia. Total returns to shareholders of 272% over the past three years. Reported Earnings • Sep 30
First half 2025 earnings released: EPS: CN¥0.06 (vs CN¥0.037 in 1H 2024) First half 2025 results: EPS: CN¥0.06 (up from CN¥0.037 in 1H 2024). Revenue: CN¥2.63b (up 21% from 1H 2024). Net income: CN¥165.1m (up 56% from 1H 2024). Profit margin: 6.3% (up from 4.9% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Energy Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 29
First half 2025 earnings released: EPS: CN¥0.06 (vs CN¥0.037 in 1H 2024) First half 2025 results: EPS: CN¥0.06 (up from CN¥0.037 in 1H 2024). Revenue: CN¥2.63b (up 21% from 1H 2024). Net income: CN¥165.1m (up 56% from 1H 2024). Profit margin: 6.3% (up from 4.9% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Energy Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 11
Anton Oilfield Services Group to Report First Half, 2025 Results on Aug 31, 2025 Anton Oilfield Services Group announced that they will report first half, 2025 results on Aug 31, 2025 Recent Insider Transactions • Jun 25
Independent Non-Executive Director recently sold HK$378k worth of stock On the 18th of June, Xiaoping Zhu sold around 250k shares on-market at roughly HK$1.51 per share. This transaction amounted to 38% 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$1.2m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$1.28, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Energy Services industry in Asia. Total returns to shareholders of 174% over the past three years. Announcement • May 28
Anton Oilfield Services Group Approves Final Dividend for the Year Ended 31 December 2024, Payable on 11 June 2025 Anton Oilfield Services Group at its AGM held on May 27, 2025, approved to declare a final dividend of RMB 0.025 per share for the year ended 31 December 2024. Record date 04 June 2025; Payment date: 11 June 2025; Ex-dividend date: 29 May 2025. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$1.04, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Energy Services industry in Asia. Total returns to shareholders of 136% over the past three years. Upcoming Dividend • May 22
Upcoming dividend of CN¥0.025 per share Eligible shareholders must have bought the stock before 29 May 2025. Payment date: 11 June 2025. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (3.3%). Reported Earnings • Apr 27
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CN¥0.085 (up from CN¥0.068 in FY 2023). Revenue: CN¥4.75b (up 7.2% from FY 2023). Net income: CN¥242.6m (up 24% from FY 2023). Profit margin: 5.1% (up from 4.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) exceeded analyst estimates by 4.6%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Energy Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to HK$1.02, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Energy Services industry in Asia. Total returns to shareholders of 119% over the past three years. New Risk • Apr 07
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to HK$1.13, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Energy Services industry in Asia. Total returns to shareholders of 151% over the past three years. Declared Dividend • Mar 26
Dividend of CN¥0.025 announced Shareholders will receive a dividend of CN¥0.025. Ex-date: 29th May 2025 Payment date: 11th June 2025 Dividend yield will be 2.7%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 45% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 25
Anton Oilfield Services Group Proposes Final Dividend for the Year Ended December 31, 2024, Payable on June 11, 2025 Anton Oilfield Services Group proposed final dividend of RMB 0.025 per share for the year ended December 31, 2024. Date of shareholders' approval: May 27, 2025. Ex-dividend date: May 29, 2025, Record date June 4, 2025, Payment date June 11, 2025. Reported Earnings • Mar 25
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CN¥0.085 (up from CN¥0.068 in FY 2023). Revenue: CN¥4.75b (up 7.2% from FY 2023). Net income: CN¥242.6m (up 24% from FY 2023). Profit margin: 5.1% (up from 4.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) exceeded analyst estimates by 4.6%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Energy Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 25
Anton Oilfield Services Group, Annual General Meeting, May 27, 2025 Anton Oilfield Services Group, Annual General Meeting, May 27, 2025. Announcement • Mar 19
Anton Oilfield Services Group to Report Fiscal Year 2024 Results on Mar 25, 2025 Anton Oilfield Services Group announced that they will report fiscal year 2024 results at 3:00 PM, China Standard Time on Mar 25, 2025 Announcement • Mar 11
Anton Oilfield Services Group to Report Fiscal Year 2024 Results on Mar 24, 2025 Anton Oilfield Services Group announced that they will report fiscal year 2024 results on Mar 24, 2025 Announcement • Dec 28
Anton Oilfield Services Group Announces Board and Committee Changes The board of directors of Anton Oilfield Services Group announce that, with effect from 27 December 2024, Ms. CHEN Xin (‘Ms. CHEN’) has been appointed as an independent non-executive director of the Company. Ms. CHEN Xin, aged 56, is an independent non-executive director of China Merchants Securities Co. Ltd. (a company listed on the Shanghai Stock Exchange and The Stock Exchange of Hong Kong Limited. She served as a member of the Executive Committee and the Head of China market of Banque Internationale à Luxembourg S.A. from April 2022 to April 2023. From January 2015 to March 2022, she successively served as the head of the preparatory group of London Branch, the chief representative of London Representative Office and the General Manager of London Branch of Shanghai Pudong Development Bank (a company listed on the Shanghai Stock Exchange. Ms. CHEN served as a deputy section chief of the Reserve Management Division of the Foreign Exchange Business Department, section chief of the Clearing Division of the Reserve Management Department of SAFE (the State Administration of Foreign Exchange), dealer of the dealing room of the People's Bank of China Representative Office for Europe, section chief of the Risk Management Division, deputy head of the Comprehensive Division, head of the Internal Audit Division & Human Resource Division of the Reserve Management Department of SAFE, the head and chief dealer of the Dealing Room of the People's Bank of China Representative Office for Europe, General Manager of China Huaou Investment Company Limited (Ginkgo Tree Investment Co., Ltd), deputy head of the preparatory group and the deputy CEO of Agricultural Bank of China (UK) Ltd. Ms. CHEN Xin obtained a bachelor's degree in international accounting from Tianjin University of Finance and Economics in July 1991 and a master's degree in business administration from the University of Westminster in the United Kingdom in February 2002. Following the appointment of Ms. CHEN, the composition of the ESG (‘Environmental, Social and Governance’) Committee has changed with effect from 27 December 2024 as follows: Mr. LUO Lin, the executive Director and the chairman of the Board, ceased to be a member of the ESG Committee; Mr. PI Zhifeng, the executive Director, ceased to be the chairman of the ESG Committee and will continue to act as the member of the ESG committee; and Ms. CHEN, the independent non-executive Director, has been appointed as the chairman of the ESG Committee. Reported Earnings • Sep 29
First half 2024 earnings released: EPS: CN¥0.037 (vs CN¥0.033 in 1H 2023) First half 2024 results: EPS: CN¥0.037 (up from CN¥0.033 in 1H 2023). Revenue: CN¥2.18b (up 15% from 1H 2023). Net income: CN¥105.9m (up 8.2% from 1H 2023). Profit margin: 4.9% (down from 5.2% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Energy Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 30
First half 2024 earnings released: EPS: CN¥0.037 (vs CN¥0.033 in 1H 2023) First half 2024 results: EPS: CN¥0.037 (up from CN¥0.033 in 1H 2023). Revenue: CN¥2.18b (up 15% from 1H 2023). Net income: CN¥105.9m (up 8.2% from 1H 2023). Profit margin: 4.9% (down from 5.2% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Energy Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Aug 15
Anton Oilfield Services Group to Report First Half, 2024 Results on Aug 27, 2024 Anton Oilfield Services Group announced that they will report first half, 2024 results on Aug 27, 2024 New Risk • Jun 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. 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. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.4% net profit margin). Significant insider selling over the past 3 months (HK$479k sold). Announcement • May 25
Anton Oilfield Services Group Approves Final Dividend for the Year Ended December 31, 2023 Anton Oilfield Services Group at its AGM held on May 24, 2024 approved to declare a final dividend of RMB 0.013 per share for the year ended 31 December 2023. Upcoming Dividend • May 21
Upcoming dividend of CN¥0.013 per share Eligible shareholders must have bought the stock before 28 May 2024. Payment date: 11 June 2024. Trailing yield: 3.1%. Lower than top quartile of Hong Kong dividend payers (7.4%). Lower than average of industry peers (6.2%). Recent Insider Transactions • May 08
Independent Non-Executive Director recently sold HK$479k worth of stock On the 3rd of May, Xiaoping Zhu sold around 1m shares on-market at roughly HK$0.43 per share. This transaction amounted to 78% 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. Announcement • Mar 29
Anton Oilfield Services Group, Annual General Meeting, May 24, 2024 Anton Oilfield Services Group, Annual General Meeting, May 24, 2024. Reported Earnings • Mar 29
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: CN¥0.068 (down from CN¥0.10 in FY 2022). Revenue: CN¥4.43b (up 26% from FY 2022). Net income: CN¥196.5m (down 33% from FY 2022). Profit margin: 4.4% (down from 8.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Energy Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Mar 29
Anton Oilfield Services Group Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 11 June 2024 Anton Oilfield Services Group proposed Final Dividend of RMB 0.013 per share for the Year Ended 31 December 2023. Date of shareholders' approval is 24 May 2024. Ex-dividend date is 28 May 2024. Record date is 03 June 2024. Payment date is 11 June 2024. Announcement • Mar 16
Anton Oilfield Services Group to Report Fiscal Year 2023 Results on Mar 28, 2024 Anton Oilfield Services Group announced that they will report fiscal year 2023 results on Mar 28, 2024 Recent Insider Transactions • Oct 31
CEO & Executive Director recently sold HK$1.1m worth of stock On the 25th of October, Zhifeng Pi sold around 3m shares on-market at roughly HK$0.43 per share. This transaction amounted to 88% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Zhifeng has been a net seller over the last 12 months, reducing personal holdings by HK$1.8m. Reported Earnings • Sep 30
First half 2023 earnings released: EPS: CN¥0.033 (vs CN¥0.031 in 1H 2022) First half 2023 results: EPS: CN¥0.033 (up from CN¥0.031 in 1H 2022). Revenue: CN¥1.89b (up 12% from 1H 2022). Net income: CN¥97.9m (up 7.9% from 1H 2022). Profit margin: 5.2% (down from 5.4% in 1H 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Energy Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 30
First half 2023 earnings released: EPS: CN¥0.033 (vs CN¥0.031 in 1H 2022) First half 2023 results: EPS: CN¥0.033 (up from CN¥0.031 in 1H 2022). Revenue: CN¥1.89b (up 12% from 1H 2022). Net income: CN¥97.9m (up 7.9% from 1H 2022). Profit margin: 5.2% (down from 5.4% in 1H 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Energy Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Aug 15
Anton Oilfield Services Group to Report First Half, 2023 Results on Aug 25, 2023 Anton Oilfield Services Group announced that they will report first half, 2023 results on Aug 25, 2023 Reported Earnings • Mar 28
Full year 2022 earnings: Revenues exceed analyst expectations Full year 2022 results: Revenue: CN¥3.51b (up 20% from FY 2021). Net income: CN¥293.8m (up 307% from FY 2021). Profit margin: 8.4% (up from 2.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Energy Services industry in Asia. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Yiaw Wee was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 01
First half 2022 earnings released: EPS: CN¥0.031 (vs CN¥0.015 in 1H 2021) First half 2022 results: EPS: CN¥0.031 (up from CN¥0.015 in 1H 2021). Revenue: CN¥1.69b (up 19% from 1H 2021). Net income: CN¥90.7m (up 112% from 1H 2021). Profit margin: 5.4% (up from 3.0% in 1H 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 12%, compared to a 10% growth forecast for the Energy Services industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Aug 31
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from CN¥0.05 to CN¥0.05. Revenue forecast steady at CN¥3.39b. Net income forecast to grow 112% next year vs 428% growth forecast for Energy Services industry in Hong Kong. Consensus price target up from HK$0.59 to HK$0.60. Share price rose 4.5% to HK$0.47 over the past week. Reported Earnings • Apr 28
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.025 (up from CN¥0.032 loss in FY 2020). Revenue: CN¥2.92b (down 5.3% from FY 2020). Net income: CN¥72.2m (up CN¥168.1m from FY 2020). Profit margin: 2.5% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 18%. Over the next year, revenue is forecast to grow 15%, compared to a 13% growth forecast for the 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 49 percentage points per year, which is a significant difference in performance. 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. 3 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Yiaw Wee was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 31
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.025 (up from CN¥0.032 loss in FY 2020). Revenue: CN¥2.92b (down 5.3% from FY 2020). Net income: CN¥72.2m (up CN¥168.1m from FY 2020). Profit margin: 2.5% (up from net loss in FY 2020). Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 18%. Over the next year, revenue is forecast to grow 32%, compared to a 15% growth forecast for the 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 47 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 01
First half 2021 earnings released: EPS CN¥0.015 (vs CN¥0.03 loss in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: CN¥1.42b (down 2.2% from 1H 2020). Net income: CN¥42.8m (up CN¥133.9m from 1H 2020). Profit margin: 3.0% (up from net loss in 1H 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 36 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 30
First half 2021 earnings released: EPS CN¥0.015 (vs CN¥0.03 loss in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: CN¥1.42b (down 2.2% from 1H 2020). Net income: CN¥42.8m (up CN¥133.9m from 1H 2020). Profit margin: 3.0% (up from net loss in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 24
Full year 2020 earnings released: CN¥0.032 loss per share (vs CN¥0.089 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥3.09b (down 14% from FY 2019). Net loss: CN¥95.8m (down 136% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 30
Full year 2020 earnings released: CN¥0.032 loss per share (vs CN¥0.089 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥3.09b (down 14% from FY 2019). Net loss: CN¥95.8m (down 136% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 28% 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. Is New 90 Day High Low • Feb 08
New 90-day high: HK$0.56 The company is up 47% from its price of HK$0.38 on 10 November 2020. The Hong Kong market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 67% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$1.49 per share. Is New 90 Day High Low • Nov 23
New 90-day high: HK$0.43 The company is up 6.0% from its price of HK$0.41 on 25 August 2020. The Hong Kong market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$1.71 per share. Major Estimate Revision • Oct 24
Analysts update estimates The 2020 consensus earning per share (EPS) estimate was lowered from CN¥0.009 to CN¥0.0065. Revenue estimate was approximately flat at CN¥3.29b. Net income is expected to grow by 255% next year compared to 19% growth forecast for the Energy Services industry in Hong Kong. The consensus price target was lowered from HK$0.48 to HK$0.45. Share price is down by 4.4% to HK$0.33 over the past week. Is New 90 Day High Low • Oct 20
New 90-day low: HK$0.32 The company is down 31% from its price of HK$0.46 on 22 July 2020. The Hong Kong market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is down 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$1.68 per share. Is New 90 Day High Low • Oct 05
New 90-day low: HK$0.33 The company is down 31% from its price of HK$0.47 on 07 July 2020. The Hong Kong market is down 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is down 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$1.65 per share. Reported Earnings • Sep 24
First half earnings released Over the last 12 months the company has reported total profits of CN¥32.2m, down 89% from the prior year. Total revenue was CN¥3.39b over the last 12 months, largely unchanged from the prior year.