New Risk • Jun 17
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. Revenue is less than US$5m (HK$20m revenue, or US$2.5m). Announcement • Apr 29
ENM Holdings Limited, Annual General Meeting, Jun 25, 2026 ENM Holdings Limited, Annual General Meeting, Jun 25, 2026, at 10:00 China Standard Time. Location: function room 2, 11th floor, nina hotel tsuen wan west, 8 yeung uk road, tsuen wan, new territories., Hong Kong New Risk • Mar 28
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: HK$20m (US$2.5m) This is considered a minor risk. Companies with a small amount of revenue 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 Revenue is less than US$5m (HK$20m revenue, or US$2.5m). Market cap is less than US$100m (HK$701.5m market cap, or US$89.6m). Reported Earnings • Mar 28
Full year 2025 earnings released: EPS: HK$0.013 (vs HK$0.001 loss in FY 2024) Full year 2025 results: EPS: HK$0.013 (up from HK$0.001 loss in FY 2024). Net income: HK$22.0m (up HK$23.8m from FY 2024). Over the last 3 years on average, earnings per share has increased by 129% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Mar 17
ENM Holdings Limited to Report Fiscal Year 2025 Results on Mar 27, 2026 ENM Holdings Limited announced that they will report fiscal year 2025 results on Mar 27, 2026 Reported Earnings • Sep 30
First half 2025 earnings released: EPS: HK$0.006 (vs HK$0.005 loss in 1H 2024) First half 2025 results: EPS: HK$0.006 (up from HK$0.005 loss in 1H 2024). Revenue: HK$17.7m (down 60% from 1H 2024). Net income: HK$9.71m (up HK$17.8m from 1H 2024). Profit margin: 55% (up from net loss in 1H 2024). Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 28
First half 2025 earnings released: EPS: HK$0.59 (vs HK$0.005 loss in 1H 2024) First half 2025 results: EPS: HK$0.59 (up from HK$0.005 loss in 1H 2024). Revenue: HK$17.7m (down 60% from 1H 2024). Net income: HK$9.71m (up HK$17.8m from 1H 2024). Profit margin: 55% (up from net loss in 1H 2024). Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Aug 15
ENM Holdings Limited to Report First Half, 2025 Results on Aug 26, 2025 ENM Holdings Limited announced that they will report first half, 2025 results on Aug 26, 2025 Reported Earnings • May 04
Full year 2024 earnings released: HK$0.001 loss per share (vs HK$0.005 loss in FY 2023) Full year 2024 results: HK$0.001 loss per share (improved from HK$0.005 loss in FY 2023). Net loss: HK$1.82m (loss narrowed 78% from FY 2023). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Announcement • Apr 28
ENM Holdings Limited, Annual General Meeting, Jun 13, 2025 ENM Holdings Limited, Annual General Meeting, Jun 13, 2025, at 10:00 China Standard Time. Location: function room 2, 11th floor, nina hotel tsuen wan west, 8 yeung uk road, tsuen wan, new territories, Hong Kong Reported Earnings • Mar 30
Full year 2024 earnings released: HK$0.001 loss per share (vs HK$0.012 loss in FY 2023) Full year 2024 results: HK$0.001 loss per share (improved from HK$0.012 loss in FY 2023). Net loss: HK$1.82m (loss narrowed 91% from FY 2023). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Mar 17
ENM Holdings Limited to Report Fiscal Year 2024 Results on Mar 27, 2025 ENM Holdings Limited announced that they will report fiscal year 2024 results on Mar 27, 2025 Announcement • Jan 23
ENM Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 December 2024 ENM Holdings Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2024. For the period, the Group expects that the loss attributable to Shareholders for the year ended 31 December 2024 will be reduced by approximately 60% to 70%, compared to the loss attributable to Shareholders for the previous year of HKD 19. 7 million. The expected reduction in loss is mainly attributable to the following factors: the cessation of the loss-making resort and recreational club operation in June 2024, as announced by the Company on 26 March 2024; the reduction in loss of the fashion retail business contributed by the write back of prior year inventories allowances from the selling of aged-stock and significantly lower amount of inventories on hand, and further reduction in operating expenditures; and the absence of the "one-off" expenditures of professional fees and costs incurred for the privatisation offer in the previous year. The Group is also expected to record an approximately 30% decrease in revenue from continuing operations for the year ended 31 December 2024, compared to the previous year, mainly attributable to the closure of the SWANK flagship store in Central following the expiry of its lease on 30 September 2024, as announced by the Company on 6 June 2024. The Board anticipates that this trend of the Group's revenue will continue into the year ending 31 December 2025 as the Company remains committed to undertaking loss reduction initiatives. Reported Earnings • Oct 01
First half 2024 earnings released: HK$0.005 loss per share (vs HK$0.002 loss in 1H 2023) First half 2024 results: HK$0.005 loss per share (further deteriorated from HK$0.002 loss in 1H 2023). Revenue: HK$43.6m (down 20% from 1H 2023). Net loss: HK$8.11m (loss widened 190% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Announcement • Aug 20
ENM Holdings Limited to Report First Half, 2024 Results on Aug 29, 2024 ENM Holdings Limited announced that they will report first half, 2024 results on Aug 29, 2024 Announcement • Aug 02
ENM Holdings Limited Announces the Resignation of Hon Sum Ricky WONG as Chief Financial Officer, Effective 6 August 2024 The Board of Directors of ENM Holdings Limited announced that Mr. Hon Sum Ricky WONG ("Mr. Wong") has tendered his resignation as the Chief Financial Officer of the Company with effect from 6 August 2024 in pursuit of a new career path. The Finance Director of the Company will be taking over the responsibilities of the Group's financial function. Announcement • Apr 28
ENM Holdings Limited, Annual General Meeting, Jun 06, 2024 ENM Holdings Limited, Annual General Meeting, Jun 06, 2024, at 10:00 China Standard Time. Location: Hill Top Country Club, 10 Hilltop Road, Lo Wai, Tsuen Wan New Territories Hong Kong Agenda: To receive and consider the audited consolidated Financial Statements, the Report of the Directors and the Independent Auditor's Report for the year ended 31 December 2023; to consider directorate reelections; to authorize the Board of Directors to fix the Directors' remuneration; to re-appoint RSM Hong Kong as the Auditor and authorize the Board of Directors to fix the Auditor's remuneration; to give a general mandate to the Board of Directors to issue and deal with additional shares of the Company; and to consider other matters. Buy Or Sell Opportunity • Apr 16
Now 21% undervalued Over the last 90 days, the stock has risen 7.3% to HK$0.29. The fair value is estimated to be HK$0.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Mar 28
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.7% to HK$0.28. The fair value is estimated to be HK$0.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 27
Full year 2023 earnings released: HK$0.012 loss per share (vs HK$0.091 loss in FY 2022) Full year 2023 results: HK$0.012 loss per share (improved from HK$0.091 loss in FY 2022). Revenue: HK$120.8m (up 28% from FY 2022). Net loss: HK$19.7m (loss narrowed 87% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 57% 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. Announcement • Mar 15
ENM Holdings Limited to Report Fiscal Year 2023 Results on Mar 26, 2024 ENM Holdings Limited announced that they will report fiscal year 2023 results on Mar 26, 2024 Board Change • Feb 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 2 experienced directors. No highly experienced directors. Independent Non-Executive Director Kin Wing Cheung is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 13
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Kin Wing Cheung was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 08
ENM Holdings Limited Announces Resignation of Ted Tak Tai Lee as Independent Non-Executive Director The board of directors (the "Board") of ENM Holdings Limited (the "Company") announces that Mr. Ted Tak Tai LEE ("Mr. Ted Lee") has resigned as an Independent Non-executive Director of the Company with effect from 8 December 2023 due to retirement. Mr. Ted Lee would like to devote more time to his family and pursue other personal development after his retirement from the Company. Following his resignation, Mr. Ted Lee has ceased to be a member of each of the Audit Committee, the Investment Committee and the Remuneration Committee of the Company. Announcement • Sep 28
Chinachem Group Co. Ltd. cancelled the acquisition of 55.72% stake in ENM Holdings Limited (SEHK:128). Chinachem Group Co. Ltd. made a bid to acquire 55.72% stake in ENM Holdings Limited (SEHK:128) for HKD 533.4 million on June 2, 2023. The transaction involves the proposed privatization of the ENM Holdings Limited by way of a scheme of arrangement, in consideration of offer per share HKD 0.58 for 919,684,531 shares in ENM Holdings Limited. The Offeror intends to finance the cash required for the Proposal through internal cash resources. The transaction is subject to all authorizations, approvals, permissions, waivers and consents and all registrations and filings, ENM Holdings Limited shareholders approval. The sanction of the Scheme under section 673 of the Companies Ordinance and the confirmation of the reduction of the issued share capital of the ENM Holdings Limited involved in the Scheme under section 229 of the Companies Ordinance by the High Court. All necessary legal or regulatory obligations in all relevant jurisdictions having been complied with and no legal or regulatory requirement having been imposed. The long stop date of the transaction is six month from the date of the announcement of the offer. If approved, the Scheme will be binding on all of the Scheme Shareholders, irrespective of whether or not they attended or voted at the Court Meeting or the EGM. As of September 1, 2023, the Scheme will become effective and binding on the Company and all the Scheme Shareholders, subject to the fulfilment or waiver of the Conditions, on or before the Long Stop Date, being 1 December 2023.Altus Capital Limited acted as financial advisor to Chinachem Group Co. Ltd. Optima Capital Limited acted as independent financial advisor to advise the Independent Board Committee of ENM Holdings Limited (SEHK:128).Chinachem Group Co. Ltd. cancelled the acquisition of 55.72% stake in ENM Holdings Limited (SEHK:128) on September 26, 2023. Reported Earnings • Aug 28
First half 2023 earnings released: HK$0.005 loss per share (vs HK$0.067 loss in 1H 2022) First half 2023 results: HK$0.005 loss per share (improved from HK$0.067 loss in 1H 2022). Revenue: HK$60.9m (up 49% from 1H 2022). Net loss: HK$8.55m (loss narrowed 92% from 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance. Announcement • Aug 15
ENM Holdings Limited to Report First Half, 2023 Results on Aug 25, 2023 ENM Holdings Limited announced that they will report first half, 2023 results on Aug 25, 2023 Announcement • Jun 07
ENM Holdings Limited, Annual General Meeting, Jun 15, 2023 ENM Holdings Limited, Annual General Meeting, Jun 15, 2023, at 10:00 China Standard Time. Location: 10 Hilltop Road Lo Wai Tsuen Wan Hong Kong Agenda: To receive and consider the audited consolidated Financial Statements, the Report of the Directors and the Independent Auditor’s Report for the year ended 31 December 2022;to re-elect the Directors;and to consider other matters. Reported Earnings • Mar 30
Full year 2022 earnings released: HK$0.091 loss per share (vs HK$0.013 loss in FY 2021) Full year 2022 results: HK$0.091 loss per share (further deteriorated from HK$0.013 loss in FY 2021). Revenue: HK$94.4m (down 14% from FY 2021). Net loss: HK$150.7m (loss widened HK$129.4m from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 28
First half 2022 earnings released: HK$0.067 loss per share (vs HK$0.01 profit in 1H 2021) First half 2022 results: HK$0.067 loss per share (down from HK$0.01 profit in 1H 2021). Revenue: HK$41.0m (down 21% from 1H 2021). Net loss: HK$111.1m (down HK$128.1m from profit in 1H 2021). 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 7% per year, which means it has not declined as severely as earnings. Buying Opportunity • Apr 27
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be HK$0.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Apr 07
Now 21% undervalued Over the last 90 days, the stock is up 7.4%. The fair value is estimated to be HK$0.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 31
Full year 2021 earnings released: HK$0.013 loss per share (vs HK$0.007 profit in FY 2020) Full year 2021 results: HK$0.013 loss per share (down from HK$0.007 profit in FY 2020). Revenue: HK$109.5m (up 4.3% from FY 2020). Net loss: HK$21.3m (down 279% from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 01
First half 2021 earnings released: EPS HK$0.01 (vs HK$0.037 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: HK$51.5m (down 8.1% from 1H 2020). Net income: HK$17.1m (up HK$77.9m from 1H 2020). Profit margin: 33% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 30
First half 2021 earnings released: EPS HK$0.01 (vs HK$0.037 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: HK$51.5m (down 8.1% from 1H 2020). Net income: HK$17.1m (up HK$77.9m from 1H 2020). Profit margin: 33% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS HK$0.007 (vs HK$0.028 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: HK$105.0m (down 20% from FY 2019). Net income: HK$11.9m (down 74% from FY 2019). Profit margin: 11% (down from 35% in FY 2019). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 26
New 90-day low: HK$0.58 The company is down 15% from its price of HK$0.68 on 27 November 2020. The Hong Kong market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 2.0% over the same period. Is New 90 Day High Low • Jan 28
New 90-day low: HK$0.63 The company is down 2.0% from its price of HK$0.64 on 30 October 2020. The Hong Kong market is up 19% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Specialty Retail industry, which is down 3.0% over the same period. Is New 90 Day High Low • Oct 22
New 90-day low: HK$0.67 The company is down 6.0% from its price of HK$0.71 on 24 July 2020. The Hong Kong market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 18% over the same period. Reported Earnings • Sep 30
First half earnings released Over the last 12 months the company has reported total losses of HK$60.4m, with losses widening by HK$51.5m from the prior year. Total revenue was HK$121.5m over the last 12 months, down 11% from the prior year. 