New Risk • Jun 12
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: Major Risk Earnings have declined by 0.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (HK$163.8m market cap, or US$20.9m). Announcement • Apr 23
CASH Financial Services Group Limited, Annual General Meeting, May 29, 2026 CASH Financial Services Group Limited, Annual General Meeting, May 29, 2026, at 09:30 China Standard Time. Location: 28/f, manhattan place, 23 wang tai road, kowloon bay, Hong Kong Reported Earnings • Mar 29
Full year 2025 earnings released: HK$0.091 loss per share (vs HK$0.084 loss in FY 2024) Full year 2025 results: HK$0.091 loss per share (further deteriorated from HK$0.084 loss in FY 2024). Revenue: HK$62.7m (up 53% from FY 2024). Net loss: HK$38.5m (loss widened 9.8% from FY 2024). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Mar 17
CASH Financial Services Group Limited to Report Fiscal Year 2025 Results on Mar 27, 2026 CASH Financial Services Group Limited announced that they will report fiscal year 2025 results on Mar 27, 2026 New Risk • Sep 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risk Market cap is less than US$100m (HK$401.0m market cap, or US$51.5m). Reported Earnings • Aug 29
First half 2025 earnings released: HK$0.034 loss per share (vs HK$0.047 loss in 1H 2024) First half 2025 results: HK$0.034 loss per share (improved from HK$0.047 loss in 1H 2024). Net loss: HK$13.9m (loss narrowed 31% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Aug 15
CASH Financial Services Group Limited to Report First Half, 2025 Results on Aug 27, 2025 CASH Financial Services Group Limited announced that they will report first half, 2025 results on Aug 27, 2025 New Risk • Jul 08
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). Market cap is less than US$100m (HK$159.5m market cap, or US$20.3m). Reported Earnings • Apr 30
Full year 2024 earnings released: HK$0.084 loss per share (vs HK$0.27 loss in FY 2023) Full year 2024 results: HK$0.084 loss per share (improved from HK$0.27 loss in FY 2023). Net loss: HK$35.1m (loss narrowed 63% from FY 2023). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Apr 24
CASH Financial Services Group Limited, Annual General Meeting, Jun 03, 2025 CASH Financial Services Group Limited, Annual General Meeting, Jun 03, 2025, at 09:30 China Standard Time. Location: 23/f, lee garden one, 33 hysan avenue, causeway bay, Hong Kong Reported Earnings • Mar 30
Full year 2024 earnings released: HK$0.084 loss per share (vs HK$0.27 loss in FY 2023) Full year 2024 results: HK$0.084 loss per share (improved from HK$0.27 loss in FY 2023). Net loss: HK$35.1m (loss narrowed 63% from FY 2023). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Mar 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (10% average weekly change). Revenue is less than US$5m (HK$33m revenue, or US$4.3m). Market cap is less than US$100m (HK$118.6m market cap, or US$15.3m). Announcement • Mar 18
CASH Financial Services Group Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 CASH Financial Services Group Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 Reported Earnings • Aug 28
First half 2024 earnings released: HK$0.047 loss per share (vs HK$0.092 loss in 1H 2023) First half 2024 results: HK$0.047 loss per share (improved from HK$0.092 loss in 1H 2023). Net loss: HK$20.1m (loss narrowed 23% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings. New Risk • Aug 23
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$72.0m (US$9.23m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (HK$72.0m market cap, or US$9.23m). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Announcement • Aug 14
CASH Financial Services Group Limited to Report First Half, 2024 Results on Aug 23, 2024 CASH Financial Services Group Limited announced that they will report first half, 2024 results on Aug 23, 2024 Recent Insider Transactions • Jul 12
Executive Chairman & CEO recently bought HK$878k worth of stock On the 9th of July, Pak Hoo Kwan bought around 4m shares on-market at roughly HK$0.24 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$4.9m. Pak Hoo has been a buyer over the last 12 months, purchasing a net total of HK$5.7m worth in shares. Recent Insider Transactions • May 21
Executive Chairman & CEO recently bought HK$4.9m worth of stock On the 17th of May, Pak Hoo Kwan bought around 20m shares on-market at roughly HK$0.24 per share. This transaction increased Pak Hoo's direct individual holding by 8x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Pak Hoo's only on-market trade for the last 12 months. Announcement • Apr 28
CASH Financial Services Group Limited, Annual General Meeting, Jun 18, 2024 CASH Financial Services Group Limited, Annual General Meeting, Jun 18, 2024, at 09:30 China Standard Time. Location: 1001B, 10/F, Tower 535, 535 Jaffe Road Causeway Bay Hong Kong Agenda: To receive and consider the financial statements and the reports of the Directors and the auditor for the year ended 31 December 2023.; to re-elect the retiring Directors of the Company for the upcoming year; to authorise the Directors to fix the Directors' remuneration; to re-appoint Deloitte Touche Tohmatsu as auditor of the Company and to authorise the Directors to fix its remuneration; to grant general mandate to allot, issue and deal with additional shares; to grant general mandate to buy back issued shares; and to consider other matters. Reported Earnings • Mar 29
Full year 2023 earnings released: HK$0.27 loss per share (vs HK$0.27 loss in FY 2022) Full year 2023 results: HK$0.27 loss per share (further deteriorated from HK$0.27 loss in FY 2022). Net loss: HK$95.2m (loss widened 37% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Announcement • Mar 16
CASH Financial Services Group Limited to Report Fiscal Year 2023 Final Results on Mar 27, 2024 CASH Financial Services Group Limited announced that they will report fiscal year 2023 final results on Mar 27, 2024 New Risk • Mar 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (65% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (HK$112.1m market cap, or US$14.3m). Announcement • Dec 29
Cash Financial Services Group Limited Announces Management Changes The board of directors of CASH Financial Services Group Limited announced that Mr. Lai Wai Kwong Daryl has been appointed as an executive director of the Company with effect from 29 December 2023; and Mr. Chan Ching Wan Alpha has tendered his resignation as an executive director and chief operating officer of the Company with effect from 1 January 2024. Mr. Lai, aged 61, is appointed as an executive director of the Company overseeing the strategic and business development of the Group. He is currently a director of two subsidiaries of the Company. He has extensive experience in the fields of marketing and general management in banking and real estate fields; Mr. Lai received a Master of Business Administration from Chaminade University of Honolulu and a Bachelor of Business Administration (Travel Industry Management) from The University of Hawaii. Mr. Lai currently is also the director of a property investment firm in Canada. New Risk • Dec 06
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: Major Risk Shareholders have been substantially diluted in the past year (65% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (HK$159.5m market cap, or US$20.4m). Reported Earnings • Aug 28
First half 2023 earnings released: HK$0.092 loss per share (vs HK$0.11 loss in 1H 2022) First half 2023 results: HK$0.092 loss per share (improved from HK$0.11 loss in 1H 2022). Net loss: HK$25.9m (loss narrowed 7.5% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year. Announcement • Aug 16
CASH Financial Services Group Limited to Report First Half, 2023 Results on Aug 25, 2023 CASH Financial Services Group Limited announced that they will report first half, 2023 results on Aug 25, 2023 New Risk • Aug 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 65% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Shareholders have been substantially diluted in the past year (65% increase in shares outstanding). Minor Risk Market cap is less than US$100m (HK$204.8m market cap, or US$26.2m). New Risk • Jul 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Shareholders have been diluted in the past year (46% increase in shares outstanding). Market cap is less than US$100m (HK$175.3m market cap, or US$22.5m). Announcement • Jun 09
CASH Financial Services Group Limited Appoints Chan Ho Wah Terence as an Independent Non-Executive Director and A Member of the Audit Committee The board of directors of CASH Financial Services Group Limited announced that with effect from 8 June 2023, Dr. Chan Ho Wah Terence (Dr. Chan) has been appointed as an independent non-executive director and a member of the audit committee. The biographical details of Dr. Chan are as follows: (1) Dr. Chan, aged 52, has almost 30 years of experience in the area of real estate and infrastructure investment, listed company merger and acquisition in the regional capital market. Dr. Chan is currently the chairman of Bay Area Capital Partners Limited, an asset management firm licensed with the Securities and Futures Commission (SFC) of Hong Kong that focuses on private equity investment in the area of real estate and infrastructure asset, property and construction technology, clean energy, fintech, environmental, social and governance (ESG) enhancement and smart cities applications. He has also been an Adjunct Associate Professor in the Department of Real Estate and Construction of the University of Hong Kong with main areas of research in cross-border real estate investment, asset securitisation, technology application and sustainable development. (2) Dr. Chan holds a doctorate degree in Economics and a master's degree in Real Estate, and he also possesses professional fellow membership of CPA Australia and Royal Institute of Chartered Surveyors as well as the professional designation of Chartered Financial Analyst. Dr. Chan devotes to industry and professional bodies through assuming the roles of the chairman of ESG & Sustainable Investment Committee of Hong Kong Independent Non-Executive Director Association, a member of HKTDC Infrastructure Development Advisory Committee, a member of the Mainland Opportunities Committee of Financial Service Development Council, a member of the Greater Bay Area Committee of CPA Australia and the vice-chairman of the Hong Kong Education University Council. Dr. Chan involves in the Hong Kong-Shanghai economic, environmental, green finance & technology partnership and research collaboration through his deputy president role in the Federation of Hong Kong-Shanghai Associations, the president of Shanghai HK Association and a member of the Economic Discipline in the CPPCC Shanghai Municipal Committee since 2017. He is also a member of the Chinese Association of Hong Kong & Macao Studies of the State Council and a member of the 2021 Election Committee of the HKSAR Government. (3) Dr. Chan is an independent non-executive director, a member of the audit committee, nomination committee and remuneration committee of Wang On Properties Limited. Announcement • May 23
Cash Financial Services Group Limited Announces Management Changes CASH Financial Services Group Limited announced that with effect from 22 May 2023: Mr. Chan Ching Wan Alpha has been appointed as an executive director and chief operating officer of the Company; Mr. Cheung Wai Lim William has resigned as an executive director and chief operating officer of the Company; and Mr. Cheung Wai Lim William has also ceased to be an authorised representative of the Company pursuant to Rule 3.05 of the Rules Governing the Listing of Securities on the Stock Exchange ("Listing Rules") and Mr. Law Hin Ong Trevor, an executive director and deputy chief financial officer of the Company, has been appointed as the Authorised Representative. Mr. Chan Ching Wan Alpha, aged 46, is appointed as an executive director and chief operating officer of the Company overseeing the asset management business and overall daily operation of the Group. He has also been appointed as directors of subsidiaries of the Company. He has extensive experience and solid track records in the fields of investment management including equities, fixed income and derivatives. Mr. Chan received a Bachelor of Arts in Management (Operations) Degree from The Hong Kong Polytechnic University. He is a Chartered Financial Analyst. Mr. Cheung Wai Lim William ("Mr Cheung") has resigned from his position as an executive director and chief operating officer of the Company with effect from 22 May 2023 due to his other personal engagement. He has also resigned from all subsidiaries of the Company of all directorships. The Board would like to express its gratitude to Mr. Cheung for his valuable efforts and contribution to the Board during his tenure of office. The Board also announces that Mr. Cheung has also ceased to be an Authorised Representative pursuant to Rule 3.05 of the Listing Rules with effect from 22 May 2023 following his resignation. The Board further announces that Mr. Law Hin Ong Trevor, an executive director and deputy chief financial officer of the Company, has been appointed as the Authorised Representative with effect from 22 May 2023. Announcement • May 11
Cash Financial Services Group Limited Announces Retirement of Lo Kwok Hung John as Independent Non-Executive Director and Member of the Audit Committee CASH Financial Services Group Limited has been informed by Mr. Lo Kwok Hung John that he would not offer himself for re-election as Director at the AGM due to his retirement. Accordingly, ordinary resolution no. 2A(iv) at the AGM is no longer applicable and, with the consent of the Shareholders, will not be put forward for consideration and approval by the Shareholders at the AGM; and Mr. Lo will cease to be an independent non-executive Director uponconclusion of the AGM. The Board has been informed by Mr. Lo that he would not offer himself for re-election as Director at the AGM due to his retirement. Accordingly, Mr. Lo will cease to be an independent non-executive Director upon conclusion of the AGM. Following the retirement as an independent non-executive Director, Mr. Lo will also cease to be a member of the audit committee of the Company. Reported Earnings • Mar 26
Full year 2022 earnings released: HK$0.27 loss per share (vs HK$0.21 loss in FY 2021) Full year 2022 results: HK$0.27 loss per share (further deteriorated from HK$0.21 loss in FY 2021). Net loss: HK$69.8m (loss widened 31% from FY 2021). 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 5% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 14
First half 2022 earnings released First half 2022 results: Net income: (up HK$19.0m from 1H 2021). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 28
Full year 2021 earnings released: HK$0.21 loss per share (vs HK$0.16 loss in FY 2020) Full year 2021 results: HK$0.21 loss per share (down from HK$0.16 loss in FY 2020). Revenue: HK$88.0m (down 4.0% from FY 2020). Net loss: HK$53.5m (loss widened 37% from FY 2020). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. 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. 4 non-independent directors. Independent Non-Executive Director Charles Lo was the last independent director to join the board, commencing their role in 2008. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Executive Departure • Sep 07
Company Secretary Wing Sheung Luke has left the company On the 1st of September, Wing Sheung Luke's tenure as Company Secretary ended after 15.5 years in the role. We don't have any record of a personal shareholding under Wing Sheung's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.17 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Sep 05
First half 2021 earnings released: HK$0.077 loss per share (vs HK$0.11 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: HK$50.7m (up 11% from 1H 2020). Net loss: HK$19.0m (loss narrowed 32% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Executive Departure • Aug 19
Group Head of Investment & Wealth Advisory Group and Executive Director Hin-Sing Ng has left the company On the 16th of August, Hin-Sing Ng's tenure as Group Head of Investment & Wealth Advisory Group and Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under Hin-Sing's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Mar 06
Full year 2020 earnings released: HK$0.16 loss per share (vs HK$0.46 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: HK$92.6m (down 8.2% from FY 2019). Net loss: HK$39.2m (loss narrowed 66% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Feb 22
New 90-day high: HK$0.76 The company is up 27% from its price of HK$0.60 on 24 November 2020. The Hong Kong market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 25% over the same period. Is New 90 Day High Low • Dec 25
New 90-day high: HK$0.65 The company is up 53% from its price of HK$0.42 on 25 September 2020. The Hong Kong market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 5.0% over the same period. Is New 90 Day High Low • Nov 16
New 90-day high: HK$0.57 The company is up 2.0% from its price of HK$0.56 on 18 August 2020. The Hong Kong market is up 4.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Capital Markets industry, which is down 8.0% over the same period. Is New 90 Day High Low • Oct 06
New 90-day low: HK$0.40 The company is down 55% from its price of HK$0.88 on 08 July 2020. The Hong Kong market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is down 5.0% over the same period. 
