Upcoming Dividend • May 20
Upcoming dividend of HK$0.05 per share Eligible shareholders must have bought the stock before 27 May 2026. Payment date: 15 June 2026. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 8.5%. Within top quartile of Hong Kong dividend payers (6.8%). Higher than average of industry peers (4.4%). Reported Earnings • Apr 30
Full year 2025 earnings: EPS in line with analyst expectations despite revenue beat Full year 2025 results: EPS: HK$0.11 (up from HK$0.062 in FY 2024). Revenue: HK$3.54b (up 7.5% from FY 2024). Net income: HK$108.1m (up 72% from FY 2024). Profit margin: 3.1% (up from 1.9% in FY 2024). Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Hospitality industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Declared Dividend • Mar 23
Final dividend of HK$0.05 announced Shareholders will receive a dividend of HK$0.05. Ex-date: 27th May 2026 Payment date: 15th June 2026 Dividend yield will be 7.6%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (46% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 26% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 21
Full year 2025 earnings: EPS in line with analyst expectations despite revenue beat Full year 2025 results: EPS: HK$0.11 (up from HK$0.062 in FY 2024). Revenue: HK$3.54b (up 7.5% from FY 2024). Net income: HK$108.1m (up 72% from FY 2024). Profit margin: 3.1% (up from 1.9% in FY 2024). Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 1.9% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Hospitality industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Mar 20
Tai Hing Group Holdings Limited, Annual General Meeting, May 22, 2026 Tai Hing Group Holdings Limited, Annual General Meeting, May 22, 2026. Announcement • Mar 09
Tai Hing Group Holdings Limited to Report Fiscal Year 2025 Results on Mar 20, 2026 Tai Hing Group Holdings Limited announced that they will report fiscal year 2025 results on Mar 20, 2026 Upcoming Dividend • Sep 16
Upcoming dividend of HK$0.035 per share Eligible shareholders must have bought the stock before 23 September 2025. Payment date: 16 October 2025. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of Hong Kong dividend payers (6.5%). Higher than average of industry peers (3.6%). Reported Earnings • Aug 25
First half 2025 earnings released: EPS: HK$0.042 (vs HK$0.011 in 1H 2024) First half 2025 results: EPS: HK$0.042 (up from HK$0.011 in 1H 2024). Revenue: HK$1.71b (up 6.2% from 1H 2024). Net income: HK$40.8m (up 281% from 1H 2024). Profit margin: 2.4% (up from 0.7% in 1H 2024). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Aug 12
Tai Hing Group Holdings Limited to Report First Half, 2025 Results on Aug 22, 2025 Tai Hing Group Holdings Limited announced that they will report first half, 2025 results on Aug 22, 2025 Upcoming Dividend • May 20
Upcoming dividend of HK$0.10 per share Eligible shareholders must have bought the stock before 27 May 2025. Payment date: 13 June 2025. Payout ratio is on the higher end at 80%, however this is supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (3.4%). Recent Insider Transactions • May 09
Executive Chairman recently bought HK$217k worth of stock On the 6th of May, Wing On Chan bought around 210k shares on-market at roughly HK$1.03 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$680k. Wing On has been a buyer over the last 12 months, purchasing a net total of HK$5.2m worth in shares. Recent Insider Transactions • Apr 30
Executive Chairman recently bought HK$173k worth of stock On the 25th of April, Wing On Chan bought around 178k shares on-market at roughly HK$0.97 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$680k. Wing On has been a buyer over the last 12 months, purchasing a net total of HK$4.8m worth in shares. Recent Insider Transactions • Apr 13
Executive Chairman recently bought HK$93k worth of stock On the 8th of April, Wing On Chan bought around 100k shares on-market at roughly HK$0.93 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$680k. Wing On has been a buyer over the last 12 months, purchasing a net total of HK$4.3m worth in shares. Price Target Changed • Apr 03
Price target increased by 26% to HK$1.29 Up from HK$1.02, the current price target is provided by 1 analyst. New target price is 30% above last closing price of HK$0.99. Stock is up 13% over the past year. The company is forecast to post earnings per share of HK$0.11 for next year compared to HK$0.062 last year. Recent Insider Transactions • Mar 30
Executive Chairman recently bought HK$541k worth of stock On the 27th of March, Wing On Chan bought around 580k shares on-market at roughly HK$0.93 per share. This transaction amounted to 4.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Wing On has been a buyer over the last 12 months, purchasing a net total of HK$2.2m worth in shares. Declared Dividend • Mar 28
Final dividend of HK$0.025 announced Shareholders will receive a dividend of HK$0.025. Ex-date: 27th May 2025 Payment date: 13th June 2025 Dividend yield will be 5.3%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (70% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 84% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 27
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: HK$0.062 (down from HK$0.093 in FY 2023). Revenue: HK$3.29b (up 2.5% from FY 2023). Net income: HK$62.7m (down 33% from FY 2023). Profit margin: 1.9% (down from 2.9% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.8%. Revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Hospitality 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 fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Mar 15
Tai Hing Group Holdings Limited to Report Fiscal Year 2024 Results on Mar 26, 2025 Tai Hing Group Holdings Limited announced that they will report fiscal year 2024 results at 12:30 PM, China Standard Time on Mar 26, 2025 New Risk • Feb 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$777.1m (US$100.0m) 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 Dividend is not well covered by earnings (102% payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (HK$777.1m market cap, or US$100.0m). Recent Insider Transactions • Jan 04
Executive Chairman recently bought HK$230k worth of stock On the 27th of December, Wing On Chan bought around 301k shares on-market at roughly HK$0.77 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Wing On has been a buyer over the last 12 months, purchasing a net total of HK$4.4m worth in shares. Upcoming Dividend • Sep 25
Upcoming dividend of HK$0.025 per share Eligible shareholders must have bought the stock before 02 October 2024. Payment date: 22 October 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 10%. Within top quartile of Hong Kong dividend payers (8.4%). Higher than average of industry peers (3.7%). Major Estimate Revision • Sep 04
Consensus EPS estimates fall by 46% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from HK$3.43b to HK$3.31b. EPS estimate also fell from HK$0.11 per share to HK$0.059 per share. Net income forecast to grow 37% next year vs 48% growth forecast for Hospitality industry in Hong Kong. Consensus price target down from HK$1.32 to HK$1.02. Share price fell 4.5% to HK$0.64 over the past week. Recent Insider Transactions • Aug 28
Executive Chairman recently bought HK$162k worth of stock On the 23rd of August, Wing On Chan bought around 232k shares on-market at roughly HK$0.70 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Wing On has been a buyer over the last 12 months, purchasing a net total of HK$4.3m worth in shares. Declared Dividend • Aug 26
First half dividend of announced Shareholders will receive a dividend of . Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio). However, it is well covered by cash flows (13% cash payout ratio). The dividend has increased by an average of 1.6% per year over the past 5 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control. EPS is expected to grow by 103% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Aug 26
First half 2024 earnings released: EPS: HK$0.011 (vs HK$0.045 in 1H 2023) First half 2024 results: EPS: HK$0.011 (down from HK$0.045 in 1H 2023). Revenue: HK$1.61b (up 2.8% from 1H 2023). Net income: HK$10.7m (down 76% from 1H 2023). Profit margin: 0.7% (down from 2.9% in 1H 2023). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 25% per year. Announcement • Aug 23
Tai Hing Group Holdings Limited Declares Interim Dividend for the Six Months Ended 30 June 2024, Payable on 22 October 2024 Tai Hing Group Holdings Limited declared Interim Dividend of HKD 0.025 per share for the Six Months Ended 30 June 2024. Ex-dividend date is 02 October 2024. Record date is 08 October 2024. Payment date is 22 October 2024. Announcement • Aug 12
Tai Hing Group Holdings Limited to Report First Half, 2024 Results on Aug 22, 2024 Tai Hing Group Holdings Limited announced that they will report first half, 2024 results on Aug 22, 2024 Upcoming Dividend • May 14
Upcoming dividend of HK$0.07 per share Eligible shareholders must have bought the stock before 21 May 2024. Payment date: 07 June 2024. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 7.6%. Within top quartile of Hong Kong dividend payers (7.5%). Higher than average of industry peers (3.0%). Reported Earnings • Apr 21
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: HK$0.093 (up from HK$0.043 loss in FY 2022). Revenue: HK$3.21b (up 20% from FY 2022). Net income: HK$93.8m (up HK$137.0m from FY 2022). Profit margin: 2.9% (up from net loss in FY 2022). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Mar 29
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from HK$0.126 to HK$0.11 per share. Revenue forecast steady at HK$3.43b. Net income forecast to grow 18% next year vs 51% growth forecast for Hospitality industry in Hong Kong. Consensus price target down from HK$1.50 to HK$1.32. Share price fell 2.2% to HK$0.88 over the past week. Recent Insider Transactions • Mar 23
Executive Chairman recently bought HK$156k worth of stock On the 21st of March, Wing On Chan bought around 170k shares on-market at roughly HK$0.92 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$930k. Wing On has been a buyer over the last 12 months, purchasing a net total of HK$4.0m worth in shares. Announcement • Mar 09
Tai Hing Group Holdings Limited to Report Fiscal Year 2023 Final Results on Mar 20, 2024 Tai Hing Group Holdings Limited announced that they will report fiscal year 2023 final results on Mar 20, 2024 Recent Insider Transactions • Dec 29
Executive Chairman recently bought HK$365k worth of stock On the 22nd of December, Wing On Chan bought around 439k shares on-market at roughly HK$0.83 per share. This transaction amounted to 9.3% 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 Wing On's only on-market trade for the last 12 months. Buying Opportunity • Nov 29
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be HK$1.04, however this is not to be taken as a buy 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 52%. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 153% in the next 2 years. Buying Opportunity • Oct 31
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 9.5%. The fair value is estimated to be HK$1.08, however this is not to be taken as a buy 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 52%. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 153% in the next 2 years. Reported Earnings • Oct 03
First half 2023 earnings released: EPS: HK$0.045 (vs HK$0.052 loss in 1H 2022) First half 2023 results: EPS: HK$0.045 (up from HK$0.052 loss in 1H 2022). Revenue: HK$1.57b (up 29% from 1H 2022). Net income: HK$45.3m (up HK$97.8m from 1H 2022). Profit margin: 2.9% (up from net loss in 1H 2022). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Hospitality industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 28
Upcoming dividend of HK$0.034 per share at 6.3% yield Eligible shareholders must have bought the stock before 05 October 2023. Payment date: 02 November 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.3%. Lower than top quartile of Hong Kong dividend payers (8.0%). Higher than average of industry peers (1.4%). New Risk • Aug 29
New major risk - Revenue and earnings growth Earnings have declined by 47% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 47% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (109% payout ratio). Large one-off items impacting financial results. Reported Earnings • Aug 26
First half 2023 earnings released: EPS: HK$0.045 (vs HK$0.052 loss in 1H 2022) First half 2023 results: EPS: HK$0.045 (up from HK$0.052 loss in 1H 2022). Revenue: HK$1.57b (up 29% from 1H 2022). Net income: HK$45.3m (up HK$97.8m from 1H 2022). Profit margin: 2.9% (up from net loss in 1H 2022). Revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Hospitality industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Aug 16
Tai Hing Group Holdings Limited to Report First Half, 2023 Results on Aug 25, 2023 Tai Hing Group Holdings Limited announced that they will report first half, 2023 results on Aug 25, 2023 Buying Opportunity • Aug 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 1.0%. The fair value is estimated to be HK$1.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.0% over the last 3 years. Meanwhile, the company became loss making. Announcement • Jun 02
Tai Hing Group Holdings Limited Declares Final Dividend for the Year Ended 31 December 2022 Tai Hing Group Holdings Limited at the AGM held on 1 June 2023 declared a final dividend of 2.50 HK cents per share for the year ended 31 December 2022. Upcoming Dividend • May 29
Upcoming dividend of HK$0.025 per share at 5.7% yield Eligible shareholders must have bought the stock before 05 June 2023. Payment date: 23 June 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 5.7%. Lower than top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (1.1%). Reported Earnings • Mar 29
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: HK$0.043 loss per share (down from HK$0.099 profit in FY 2021). Revenue: HK$2.68b (down 16% from FY 2021). Net loss: HK$43.2m (down 143% from profit in FY 2021). Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Hospitality industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Buying Opportunity • Dec 02
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 6.9%. The fair value is estimated to be HK$1.21, however this is not to be taken as a buy 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 34%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 947% in the next 2 years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Peter Wong was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Sep 29
Upcoming dividend of HK$0.025 per share Eligible shareholders must have bought the stock before 06 October 2022. Payment date: 03 November 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 7.8%. Lower than top quartile of Hong Kong dividend payers (8.8%). Higher than average of industry peers (1.0%). Reported Earnings • Aug 28
First half 2022 earnings released: HK$0.052 loss per share (vs HK$0.033 profit in 1H 2021) First half 2022 results: HK$0.052 loss per share (down from HK$0.033 profit in 1H 2021). Revenue: HK$1.22b (down 21% from 1H 2021). Net loss: HK$52.5m (down 257% from profit in 1H 2021). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • Aug 27
Tai Hing Group Holdings Limited Announces Interim Dividend for the Six Months Ended 30 June 2022, Payable on 03 November 2022 Tai Hing Group Holdings Limited announced Interim Dividend of HKD 0.025 per share for the six months ended 30 June 2022. Ex-dividend date is 06 October 2022. Record date is 12 October 2022. Payment date is 03 November 2022. Announcement • Aug 13
Tai Hing Group Holdings Limited Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2022 Tai Hing Group Holdings Limited provided consolidated earnings guidance for the six months ended June 30, 2022. For the period, the company expected to record loss attributable to the Shareholders in the range of approximately HKD 45 million to HKD 55 million. Based on the information currently available, the Board is of the view that the expected loss attributable to the Shareholders for the Review Period was mainly due to the following: The outbreak of the fifth wave of the novel coronavirus in Hong Kong during the Review Period, and the HKSAR Government's implementation of dine-in restrictions and stricter social distancing policies had a negative impact on the Group's operations and business. Temporary suspension of business of some restaurants due to the Pandemic and the weak market sentiment led to a drop in the Group's revenue and profits; Due to the raging Pandemic in the Mainland China in the Review Period, government authorities in some regions such as Shenzhen, Guangzhou, Shanghai and Beijing implemented a series of measures to curb the Pandemic, including city lockdown, closed-loop management and dine-in restrictions, and thus the operation and performance of the Group's restaurants in these regions were adversely affected; and Provision for impairment of property, plant and equipment and right-of-use assets was made for the Review Period. Announcement • Jun 03
Tai Hing Group Holdings Limited Declares Final Dividend for the Year Ended 31 December 2021 Tai Hing Group Holdings Limited in its Annual General Meeting Held on 2 June 2022 declared a final dividend of HKD 4.95 cents per share for the year ended 31 December 2021. Upcoming Dividend • May 31
Upcoming dividend of HK$0.05 per share Eligible shareholders must have bought the stock before 07 June 2022. Payment date: 23 June 2022. Payout ratio is a comfortable 75% and this is well supported by cash flows. Trailing yield: 6.3%. Lower than top quartile of Hong Kong dividend payers (7.8%). Higher than average of industry peers (1.2%). Announcement • May 02
Tai Hing Group Holdings Limited Announces Change of Company Secretary The board of directors of Tai Hing Group Holdings Limited announced that Ms. Lau Yin Wan ("Ms. Lau") has tendered her resignation as the company secretary of the Company (the "Company Secretary") and will cease to act as an authorised representative of the Company (the "Authorised Representative") under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") with effect from 3 May 2022. The Board further announced that, following the resignation of Ms. Lau as the Company Secretary and the Authorised Representative, Mr. Chau Ching Hang ("Mr. Chau") has been appointed as the Company Secretary and the Authorised Representative, both with effect from 3 May 2022. Mr. Chau joined the Group as Senior Finance Director in April 2022. 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 Peter Wong was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 30
Full year 2021 earnings released: EPS: HK$0.099 (vs HK$0.12 in FY 2020) Full year 2021 results: EPS: HK$0.099 (down from HK$0.12 in FY 2020). Revenue: HK$3.17b (up 13% from FY 2020). Net income: HK$99.7m (down 16% from FY 2020). Profit margin: 3.1% (down from 4.3% in FY 2020). Over the next year, revenue is forecast to grow 7.5%, compared to a 51% growth forecast for the restaurants industry in Hong Kong. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 28% share price gain to HK$1.23, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 28x in the Hospitality industry in Hong Kong. Total loss to shareholders of 39% over the past year. Recent Insider Transactions • Jan 23
Executive Chairman recently bought HK$66k worth of stock On the 17th of January, Wing On Chan bought around 50k shares on-market at roughly HK$1.32 per share. In the last 3 months, they made an even bigger purchase worth HK$130k. Wing On has been a buyer over the last 12 months, purchasing a net total of HK$4.1m worth in shares. Recent Insider Transactions • Dec 25
Executive Chairman recently bought HK$130k worth of stock On the 20th of December, Wing On Chan bought around 100k shares on-market at roughly HK$1.30 per share. This was the largest purchase by an insider in the last 3 months. Wing On has been a buyer over the last 12 months, purchasing a net total of HK$5.5m worth in shares. Recent Insider Transactions • Dec 19
Executive Chairman recently bought HK$68k worth of stock On the 14th of December, Wing On Chan bought around 50k shares on-market at roughly HK$1.36 per share. In the last 3 months, they made an even bigger purchase worth HK$83k. Wing On has been a buyer over the last 12 months, purchasing a net total of HK$5.5m worth in shares. Recent Insider Transactions • Dec 14
Executive Chairman recently bought HK$69k worth of stock On the 7th of December, Wing On Chan bought around 50k shares on-market at roughly HK$1.38 per share. In the last 3 months, they made an even bigger purchase worth HK$83k. Wing On has been a buyer over the last 12 months, purchasing a net total of HK$5.4m worth in shares. Recent Insider Transactions • Dec 04
Executive Chairman recently bought HK$69k worth of stock On the 29th of November, Wing On Chan bought around 48k shares on-market at roughly HK$1.44 per share. In the last 3 months, they made an even bigger purchase worth HK$84k. Wing On has been a buyer over the last 12 months, purchasing a net total of HK$5.4m worth in shares. Recent Insider Transactions • Nov 05
Executive Chairman recently bought HK$77k worth of stock On the 1st of November, Wing On Chan bought around 50k shares on-market at roughly HK$1.53 per share. In the last 3 months, they made an even bigger purchase worth HK$242k. Wing On has been a buyer over the last 12 months, purchasing a net total of HK$5.2m worth in shares. Recent Insider Transactions • Oct 06
Executive Director recently sold HK$159k worth of stock On the 4th of October, Shuk Fong Chan sold around 97k shares on-market at roughly HK$1.63 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought HK$6.2m more than they sold in the last 12 months. Recent Insider Transactions • Oct 01
Executive Chairman recently bought HK$83k worth of stock On the 24th of September, Wing On Chan bought around 50k shares on-market at roughly HK$1.65 per share. In the last 3 months, they made an even bigger purchase worth HK$242k. Wing On has been a buyer over the last 12 months, purchasing a net total of HK$5.2m worth in shares. Upcoming Dividend • Sep 30
Upcoming dividend of HK$0.025 per share Eligible shareholders must have bought the stock before 07 October 2021. Payment date: 04 November 2021. Trailing yield: 5.4%. Lower than top quartile of Hong Kong dividend payers (6.8%). Higher than average of industry peers (1.2%). Recent Insider Transactions • Sep 25
Executive Chairman recently bought HK$78k worth of stock On the 20th of September, Wing On Chan bought around 50k shares on-market at roughly HK$1.55 per share. In the last 3 months, they made an even bigger purchase worth HK$242k. Wing On has been a buyer over the last 12 months, purchasing a net total of HK$5.1m worth in shares. Recent Insider Transactions • Sep 18
Executive Chairman recently bought HK$84k worth of stock On the 13th of September, Wing On Chan bought around 50k shares on-market at roughly HK$1.68 per share. In the last 3 months, they made an even bigger purchase worth HK$242k. Wing On has been a buyer over the last 12 months, purchasing a net total of HK$5.0m worth in shares. 
