Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to HK$12.65, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Media industry in Asia. Total returns to shareholders of 256% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$24.26 per share. Reported Earnings • May 31
First quarter 2026 earnings released: EPS: US$0.022 (vs US$0.014 in 1Q 2025) First quarter 2026 results: EPS: US$0.022 (up from US$0.014 in 1Q 2025). Revenue: US$581.3m (up 32% from 1Q 2025). Net income: US$34.2m (up 61% from 1Q 2025). Profit margin: 5.9% (up from 4.8% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Media industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Live News • May 26
Temasek Invests US$150 Million in Mobvista to Support Global AI Advertising Expansion Temasek, a Singapore-based global investment company, has taken an equity position in Mobvista valued at US$150 million.
Mobvista describes itself as a global leader in AI-powered advertising technology infrastructure and is focusing on technology-driven growth and sustainable operations.
The company views Temasek’s investment as a key milestone in its globalization journey and a way to broaden its international perspective.
Temasek’s entry as a major shareholder gives Mobvista added financial backing and external validation as it pushes its AI-focused advertising technology globally.
Investors may want to watch how Mobvista deploys this US$150 million and whether future disclosures clarify the use of funds, governance influence, and any shift in geographic or product priorities. Announcement • May 19
Mobvista Inc. to Report Q1, 2026 Results on May 31, 2026 Mobvista Inc. announced that they will report Q1, 2026 results at 9:30 AM, China Standard Time on May 31, 2026 Valuation Update With 7 Day Price Move • May 13
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to HK$14.26, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 14x in the Media industry in Asia. Total returns to shareholders of 256% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$5.82 per share. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$16.50, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 14x in the Media industry in Asia. Total returns to shareholders of 324% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$30.35 per share. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$15.90, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 14x in the Media industry in Asia. Total returns to shareholders of 282% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$31.28 per share. Reported Earnings • Mar 12
Full year 2025 earnings released: EPS: US$0.04 (vs US$0.01 in FY 2024) Full year 2025 results: EPS: US$0.04 (up from US$0.01 in FY 2024). Revenue: US$2.05b (up 36% from FY 2024). Net income: US$61.6m (up 292% from FY 2024). Profit margin: 3.0% (up from 1.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Media industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 27
Mobvista Inc. to Report Fiscal Year 2025 Results on Mar 11, 2026 Mobvista Inc. announced that they will report fiscal year 2025 results on Mar 11, 2026 Reported Earnings • Nov 23
Third quarter 2025 earnings released: US$0.036 loss per share (vs US$0.007 profit in 3Q 2024) Third quarter 2025 results: US$0.036 loss per share (down from US$0.007 profit in 3Q 2024). Revenue: US$531.6m (up 28% from 3Q 2024). Net loss: US$54.5m (down US$64.4m from profit in 3Q 2024). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Media 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 increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 11
Mobvista Inc. to Report Q3, 2025 Results on Nov 21, 2025 Mobvista Inc. announced that they will report Q3, 2025 results on Nov 21, 2025 Recent Insider Transactions • Sep 03
Group CPO & Executive Director recently sold HK$4.8m worth of stock On the 1st of September, Zikai Fang sold around 300k shares on-market at roughly HK$15.90 per share. This transaction amounted to 9.2% 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 31
Second quarter 2025 earnings released: EPS: US$0.007 (vs US$0.001 in 2Q 2024) Second quarter 2025 results: EPS: US$0.007 (up from US$0.001 in 2Q 2024). Revenue: US$498.5m (up 48% from 2Q 2024). Net income: US$11.0m (up US$9.30m from 2Q 2024). Profit margin: 2.2% (up from 0.5% in 2Q 2024). 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 43% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 22
Mobvista Inc. Provides Consolidated Earnings Guidance for the Six Months Ended 30 June 2025 Mobvista Inc. provided consolidated earnings guidance for the six months ended 30 June 2025. For the period, the Group expected to record a net profit of between approximately USD 30 million and USD 38 million for the Period, compared to a net profit of approximately USD 7.34 million for the six months ended 30 June 2024. Based on currently available information, the expected increase in net profit for the Period is primarily attributable to (i) the rapid development of the industry where Mintegral, core programmatic advertising platform, operates, with leading technology in this sector driving continuous revenue growth; (ii) under the economies of scale, the operating leverage becomes prominent, driving up the net profit margin. New Risk • Aug 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Announcement • Aug 18
Mobvista Inc. to Report First Half, 2025 Results on Aug 29, 2025 Mobvista Inc. announced that they will report first half, 2025 results on Aug 29, 2025 Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to HK$10.00, the stock trades at a trailing P/E ratio of 65.6x. Average forward P/E is 19x in the Media industry in Hong Kong. Total returns to shareholders of 119% over the past three years. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to HK$9.06, the stock trades at a trailing P/E ratio of 59.5x. Average forward P/E is 19x in the Media industry in Hong Kong. Total returns to shareholders of 86% over the past three years. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to HK$7.15, the stock trades at a trailing P/E ratio of 46.9x. Average forward P/E is 18x in the Media industry in Hong Kong. Total returns to shareholders of 34% over the past three years. Announcement • May 14
Mobvista Inc. to Report Q1, 2025 Results on May 26, 2025 Mobvista Inc. announced that they will report Q1, 2025 results on May 26, 2025 Reported Earnings • May 02
Full year 2024 earnings released: EPS: US$0.01 (vs US$0.014 in FY 2023) Full year 2024 results: EPS: US$0.01 (down from US$0.014 in FY 2023). Revenue: US$1.51b (up 43% from FY 2023). Net income: US$15.7m (down 28% from FY 2023). Profit margin: 1.0% (down from 2.1% in FY 2023). Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Media industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 34% After last week's 34% share price decline to HK$4.55, the stock trades at a trailing P/E ratio of 56.2x. Average forward P/E is 18x in the Media industry in Hong Kong. Total loss to shareholders of 15% over the past three years. Reported Earnings • Apr 01
Full year 2024 earnings released: EPS: US$0.01 (vs US$0.014 in FY 2023) Full year 2024 results: EPS: US$0.01 (down from US$0.014 in FY 2023). Revenue: US$1.51b (up 43% from FY 2023). Net income: US$15.7m (down 28% from FY 2023). Profit margin: 1.0% (down from 2.1% in FY 2023). Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Media industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Apr 01
Mobvista Inc., Annual General Meeting, Jun 13, 2025 Mobvista Inc., Annual General Meeting, Jun 13, 2025. Announcement • Mar 17
Mobvista Inc. to Report Fiscal Year 2024 Results on Mar 31, 2025 Mobvista Inc. announced that they will report fiscal year 2024 results on Mar 31, 2025 Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$4.95, the stock trades at a trailing P/E ratio of 35.6x. Average forward P/E is 17x in the Media industry in Hong Kong. Total loss to shareholders of 4.8% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to HK$10.88, the stock trades at a trailing P/E ratio of 78.2x. Average forward P/E is 18x in the Media industry in Hong Kong. Total returns to shareholders of 81% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$16.50 per share. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$8.49, the stock trades at a trailing P/E ratio of 60.9x. Average forward P/E is 17x in the Media industry in Hong Kong. Total returns to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$15.85 per share. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to HK$6.89, the stock trades at a trailing P/E ratio of 49.6x. Average forward P/E is 17x in the Media industry in Hong Kong. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to HK$10.58, the stock trades at a trailing P/E ratio of 76.1x. Average forward P/E is 16x in the Media industry in Hong Kong. Total returns to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$16.18 per share. Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to HK$8.21, the stock trades at a trailing P/E ratio of 59x. Average forward P/E is 15x in the Media industry in Hong Kong. Total returns to shareholders of 20% over the past three years. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: US$0.007 (vs US$0.003 in 3Q 2023) Third quarter 2024 results: EPS: US$0.007 (up from US$0.003 in 3Q 2023). Revenue: US$416.5m (up 55% from 3Q 2023). Net income: US$9.90m (up 162% from 3Q 2023). Profit margin: 2.4% (up from 1.4% in 3Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Media industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Nov 05
Mobvista Inc. to Report Q3, 2024 Results on Nov 15, 2024 Mobvista Inc. announced that they will report Q3, 2024 results on Nov 15, 2024 Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improves as stock rises 41% After last week's 41% share price gain to HK$2.40, the stock trades at a trailing P/E ratio of 22.3x. Average forward P/E is 15x in the Media industry in Hong Kong. Total loss to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to HK$1.81, the stock trades at a trailing P/E ratio of 16.8x. Average forward P/E is 16x in the Media industry in Hong Kong. Total loss to shareholders of 76% over the past three years. 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 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. Reported Earnings • Sep 25
Second quarter 2024 earnings released: EPS: US$0.001 (vs US$0.005 in 2Q 2023) Second quarter 2024 results: EPS: US$0.001 (down from US$0.005 in 2Q 2023). Revenue: US$336.8m (up 29% from 2Q 2023). Net income: US$1.67m (down 74% from 2Q 2023). Profit margin: 0.5% (down from 2.5% in 2Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Media industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$1.40, the stock trades at a trailing P/E ratio of 12.9x. Average forward P/E is 15x in the Media industry in Hong Kong. Total loss to shareholders of 81% over the past three years. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$1.36, the stock trades at a trailing P/E ratio of 12.5x. Average forward P/E is 15x in the Media industry in Hong Kong. Total loss to shareholders of 81% over the past three years. Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: US$0.001 (vs US$0.005 in 2Q 2023) Second quarter 2024 results: EPS: US$0.001 (down from US$0.005 in 2Q 2023). Revenue: US$336.8m (up 29% from 2Q 2023). Net income: US$1.67m (down 74% from 2Q 2023). Profit margin: 0.5% (down from 2.5% in 2Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Media industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. Announcement • Aug 09
Mobvista Inc. to Report First Half, 2024 Results on Aug 23, 2024 Mobvista Inc. announced that they will report first half, 2024 results on Aug 23, 2024 Valuation Update With 7 Day Price Move • May 30
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$2.94, the stock trades at a trailing P/E ratio of 21.9x. Average forward P/E is 15x in the Media industry in Hong Kong. Total loss to shareholders of 68% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$3.98 per share. Reported Earnings • May 18
First quarter 2024 earnings released: EPS: US$0.005 (vs US$0.002 in 1Q 2023) First quarter 2024 results: EPS: US$0.005 (up from US$0.002 in 1Q 2023). Revenue: US$301.5m (up 23% from 1Q 2023). Net income: US$7.59m (up 107% from 1Q 2023). Profit margin: 2.5% (up from 1.5% in 1Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Media industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • May 10
Now 22% overvalued Over the last 90 days, the stock has fallen 1.0% to HK$2.91. The fair value is estimated to be HK$2.39, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 27% per annum over the same time period. Reported Earnings • Apr 17
Full year 2023 earnings released: EPS: US$0.014 (vs US$0.01 in FY 2022) Full year 2023 results: EPS: US$0.014 (up from US$0.01 in FY 2022). Revenue: US$1.05b (up 18% from FY 2022). Net income: US$21.8m (up 45% from FY 2022). Profit margin: 2.1% (up from 1.7% in FY 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Media industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Announcement • Apr 16
Mobvista Inc., Annual General Meeting, Jun 18, 2024 Mobvista Inc., Annual General Meeting, Jun 18, 2024, at 10:00 China Standard Time. Location: Guangzhou room, 44/F, Tianying Plaza (East Tower), No. 222-3 Xingmin Road, Zhujiang New Town, Tianhe District, Guangzhou Guangdong Province China Agenda: To consider and adopt the audited consolidated financial statements of the Company and its subsidiaries and the reports of the directors and auditor for the year ended 31 December 2023; to re-elect retiring directors of the Company (the "Directors"): to re-appoint KPMG as auditor of the Company and authorise the Directors to fix its remuneration and to consider other matters. Reported Earnings • Mar 16
Full year 2023 earnings released: EPS: US$0.014 (vs US$0.01 in FY 2022) Full year 2023 results: EPS: US$0.014 (up from US$0.01 in FY 2022). Revenue: US$1.05b (up 18% from FY 2022). Net income: US$21.8m (up 45% from FY 2022). Profit margin: 2.1% (up from 1.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Media industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Announcement • Mar 01
Mobvista Inc. to Report Fiscal Year 2023 Results on Mar 15, 2024 Mobvista Inc. announced that they will report fiscal year 2023 results on Mar 15, 2024 Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: US$0.003 (vs US$0.003 loss in 3Q 2022) Third quarter 2023 results: EPS: US$0.003 (up from US$0.003 loss in 3Q 2022). Revenue: US$269.4m (up 23% from 3Q 2022). Net income: US$3.78m (up US$8.63m from 3Q 2022). Profit margin: 1.4% (up from net loss in 3Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Media industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Nov 02
Mobvista Inc. to Report Q3, 2023 Results on Nov 15, 2023 Mobvista Inc. announced that they will report Q3, 2023 results on Nov 15, 2023 Buying Opportunity • Sep 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be HK$3.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 57% in 2 years. Earnings is forecast to grow by 8,870% in the next 2 years. Announcement • Aug 03
Mobvista Inc. to Report First Half, 2023 Results on Aug 15, 2023 Mobvista Inc. announced that they will report first half, 2023 results on Aug 15, 2023 Announcement • May 12
Mobvista Inc. Announces Executive Changes Mobvista Inc. announced that Ms. SO Shuk Yi Betty (Ms. SO) resigned as the company secretary of the Company. The Board announced that Ms. LEE Angel Pui Shan (Ms. LEE) has been appointed as the Company Secretary, the Authorised Representative and the Process Agent with effect from 11 May 2023. Ms. LEE is a Corporate Secretarial Executive of SWCS Corporate Services Group (Hong Kong) Limited (SWCS) and has extensive company secretarial professional experience. Ms. LEE holds a bachelor's degree in accounting and is a certified public accountant of The Hong Kong Institute of Certified Public Accountants and also a member of The Hong Kong Chartered Governance Institute. Before joining SWCS, she worked for Ernst & Young (Hong Kong and Beijing), participated in several Chinese overseas listings, and was also responsible for many internal control projects for their compliance with the listing requirements of Hong Kong and overseas. Reported Earnings • May 04
Full year 2022 earnings released: EPS: US$0.01 (vs US$0.016 loss in FY 2021) Full year 2022 results: EPS: US$0.01 (up from US$0.016 loss in FY 2021). Revenue: US$894.4m (up 18% from FY 2021). Net income: US$15.0m (up US$40.0m from FY 2021). Profit margin: 1.7% (up from net loss in FY 2021). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Media industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: US$0.01 (vs US$0.016 loss in FY 2021) Full year 2022 results: EPS: US$0.01 (up from US$0.016 loss in FY 2021). Revenue: US$894.4m (up 18% from FY 2021). Net income: US$15.0m (up US$40.0m from FY 2021). Profit margin: 1.7% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Media industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improved over the past week After last week's 21% share price gain to HK$4.90, the stock trades at a trailing P/E ratio of 24.8x. Average forward P/E is 13x in the Media industry in Hong Kong. Total returns to shareholders of 53% over the past three years. 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. 5 non-independent directors. Independent Non-Executive Director Honnus Cheung was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 31
First half 2022 earnings released: EPS: US$0.016 (vs US$0.025 loss in 1H 2021) First half 2022 results: EPS: US$0.016 (up from US$0.025 loss in 1H 2021). Revenue: US$455.8m (up 48% from 1H 2021). Net income: US$24.7m (up US$63.5m from 1H 2021). Profit margin: 5.4% (up from net loss in 1H 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 22%, compared to a 23% growth forecast for the Media industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • May 02
Full year 2021 earnings released: US$0.016 loss per share (vs US$0.003 loss in FY 2020) Full year 2021 results: US$0.016 loss per share (down from US$0.003 loss in FY 2020). Revenue: US$755.4m (up 46% from FY 2020). Net loss: US$25.0m (loss widened 379% from FY 2020). Over the next year, revenue is forecast to grow 51%, compared to a 21% 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 107 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
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. 5 non-independent directors. Independent Non-Executive Director Martin Sun was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 01
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: US$0.016 loss per share (down from US$0.003 loss in FY 2020). Revenue: US$755.4m (up 46% from FY 2020). Net loss: US$25.0m (loss widened 379% from FY 2020). Revenue missed analyst estimates by 15%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Announcement • Mar 23
Mobvista Inc. to Report Fiscal Year 2021 Results on Mar 31, 2022 Mobvista Inc. announced that they will report fiscal year 2021 results on Mar 31, 2022 Announcement • Dec 08
Mobvista Inc. (SEHK:1860) commences an Equity Buyback Plan for 160,668,500 shares, representing 10% of its issued share capital, under the authorization approved on June 8, 2021. Mobvista Inc. (SEHK:1860) commences share repurchases on December 7, 2021, under the program mandated by the shareholders in the Annual General Meeting held on June 8, 2021. As per the mandate, the company is authorized to repurchase up to 160,668,500 shares, representing 10% of its issued share capital. The repurchases will lead to an enhancement of the net asset value per share and/or earnings per share for the company. The repurchases will be made out of the funds legally available for such purpose in accordance with its memorandum of association and Bye-laws and the applicable laws and regulations of Cayman Islands. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is varied or revoked in a General Meeting. As of June 8, 2021, the company had 1,606,685,000 shares in issue.
On December 6, 2021, the company announced a share repurchase program. Under the program, the company will repurchase up to HKD 150 million worth of shares, under the Share Repurchase Mandate. The purpose of the program is to create value to the Shareholders. The program will be funded from current financial resources of the Company. Reported Earnings • Sep 06
First half 2021 earnings released: US$0.025 loss per share (vs US$0.009 profit in 1H 2020) The company reported a soft first half result with weaker earnings and weaker control over costs, although revenues improved. First half 2021 results: Revenue: US$307.8m (up 15% from 1H 2020). Net loss: US$38.8m (down 396% from profit in 1H 2020). Announcement • Aug 26
Mobvista Inc. Announces Service Organization Control 2 Type 2 Review Completes by KPMG on Data and User Privacy Security of the Company The board of directors of Mobvista Inc. on a voluntary basis to keep shareholders of the company and potential investors informed of the latest development of the Company. Since the company treats the protection of data security and user privacy as one of its top concerns, KPMG Huazhen LLP ("KPMG") was engaged by the Company on 20 March 2020 to perform the Service Organization Control 2 (the "SOC2") review on, amongst others, programmatic advertising platform, cloud-based service applications and data analytics platform to user entities in accordance with the International Standard Assurance Engagement 3000 (the "ISAE 3000"). The SOC2 Type 1 review was completed on 26 August 2020. The Board announced that the SOC2 Type 2 review was completed and the Company obtained the SOC2 Type 2 report issued by KPMG on 24 August 2021. The ISAE3000 stipulates that the internal control system of a service organization is a policy and program designed, implemented and recorded by the management to provide the service described in such service organization control report to the user entities. The ISAE3000 applies to, and the SOC2 review will report on, controls at a service organization relevant to security, availability, processing integrity, confidentiality, or
privacy performed under the ISAE3000 or local equivalent. The SOC2 Type 1 assesses the design of controls at a specific point in time. The SOC2 Type 2 assesses how effective
those controls are over time by observing operations for a period of time, on the base of SOC2 Type 1. Reported Earnings • May 02
Full year 2020 earnings released: US$0.003 loss per share (vs US$0.015 profit in FY 2019) The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: US$516.1m (up 3.2% from FY 2019). Net loss: US$5.21m (down 124% from profit in FY 2019). Announcement • Apr 29
Mobvista Inc. (SEHK:1860) signed a sale and purchase agreement to acquire 47.88% stake in Beijing Reyun Technology Co., Ltd. from a group of shareholders for approximately of CNY 720 million. Mobvista Inc. (SEHK:1860) signed a sale and purchase agreement to acquire 47.88% stake in Beijing Reyun Technology Co., Ltd. from a group of shareholders for approximately of CNY 720 million on April 27, 2021. In a related transaction, Mobvista Inc. (SEHK:1860) signed a sale and purchase agreement to acquire the remaining 52.12% stake in Beijing Reyun Technology Co., Ltd. from Beijing Reyun Information Technology Center (Limited Partnership), Zhang Lili, Huang Jian, Bai Dongli and Chongqing Rehongyun Technology Partnership (Limited Partnership) on April 27, 2021. As a result of the acquisition, Beijing Reyun Technology Co., Ltd. will be a wholly-owned subsidiary of Mobvista. The transaction will be funded by the internal resources of Mobvista and banking facilities (including short-term bridge loans and long-term transferable term loans). In December 31, 2020, Beijing Reyun Technology Co., Ltd. reported Total Assets of CNY 158.9 million, total revenues of CNY 107 million and net income of CNY 22 million. The transaction is subject to Mobvista completing all the internal and external approval procedures required for the acquisition, including but not limited to the approval of resolution of the Board of Directors and the general meeting (if necessary) of Mobvista and the approval of the Stock Exchange. The Long Stop date of the agreement is on November 30, 2021. UBS Securities Co., Limited acted as financial advisor to Mobvista Inc. (SEHK:1860). Reported Earnings • Apr 02
Full year 2020 earnings released: US$0.003 loss per share (vs US$0.015 profit in FY 2019) The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: US$516.1m (up 3.2% from FY 2019). Net loss: US$5.21m (down 124% from profit in FY 2019). Announcement • Mar 18
Mobvista Inc. to Report Fiscal Year 2020 Results on Mar 31, 2021 Mobvista Inc. announced that they will report fiscal year 2020 results on Mar 31, 2021