Buy Or Sell Opportunity • 19h
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to HK$2.16. The fair value is estimated to be HK$2.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Meanwhile, the company has become profitable. Upcoming Dividend • Jun 25
Upcoming dividend of HK$0.25 per share Eligible shareholders must have bought the stock before 02 July 2026. Payment date: 17 July 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 10%. Within top quartile of Hong Kong dividend payers (7.5%). Higher than average of industry peers (3.9%). New Risk • Apr 02
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 158% The company is paying a dividend despite having no free cash flows. Dividend yield: 9.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 158% Paying a dividend despite having no free cash flows. High level of non-cash earnings (22% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (HK$421.4m market cap, or US$53.8m). Reported Earnings • Apr 01
Full year 2025 earnings released: EPS: CN¥0.15 (vs CN¥0.23 in FY 2024) Full year 2025 results: EPS: CN¥0.15 (down from CN¥0.23 in FY 2024). Revenue: CN¥1.29b (down 4.1% from FY 2024). Net income: CN¥24.1m (down 36% from FY 2024). Profit margin: 1.9% (down from 2.8% in FY 2024). Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Declared Dividend • Apr 01
Dividend of HK$0.25 announced Shareholders will receive a dividend of HK$0.25. Ex-date: 2nd July 2026 Payment date: 17th July 2026 Dividend yield will be 9.8%, which is higher than the industry average of 5.5%. Announcement • Mar 31
UNQ Holdings Limited, Annual General Meeting, Jun 29, 2026 UNQ Holdings Limited, Annual General Meeting, Jun 29, 2026. Announcement • Mar 17
UNQ Holdings Limited to Report Fiscal Year 2025 Results on Mar 30, 2026 UNQ Holdings Limited announced that they will report fiscal year 2025 results on Mar 30, 2026 Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$2.69, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 11x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 101% over the past three years. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to HK$3.18, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 12x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 162% over the past three years. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$2.60, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 14x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 107% over the past three years. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$2.27, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 14x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 63% over the past three years. Reported Earnings • Sep 01
First half 2025 earnings released: EPS: CN¥0.07 (vs CN¥0.15 in 1H 2024) First half 2025 results: EPS: CN¥0.07 (down from CN¥0.15 in 1H 2024). Revenue: CN¥580.1m (down 5.4% from 1H 2024). Net income: CN¥11.2m (down 54% from 1H 2024). Profit margin: 1.9% (down from 4.0% in 1H 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. New Risk • Aug 31
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 315% The company is paying a dividend despite having no free cash flows. Dividend yield: 36% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 315% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (HK$456.2m market cap, or US$58.5m). Announcement • Aug 18
UNQ Holdings Limited to Report First Half, 2025 Results on Aug 29, 2025 UNQ Holdings Limited announced that they will report first half, 2025 results on Aug 29, 2025 Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$3.20, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 11x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 86% over the past three years. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to HK$3.10, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 11x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 45% over the past three years. Announcement • Jun 26
UNQ Holdings Limited Approves Final Ordinary Dividend for the Financial Year End 31 December 2024, Payable on July 16, 2025 UNQ Holdings Limited in its AGM held on June 26, 2025 announced that the Company will distribute a final dividend of HKD 0.5 per Share for the year ended December 31, 2024 on Wednesday, July 16, 2025 to the Shareholders whose names appear on the register of members of the Company on July 7, 2025. For determining the entitlement of the Shareholders to receive the Final Dividend, the register of members of the Company will be closed from July 3, 2025 to July 7, 2025 (both days inclusive), during which period no transfer of Shares will be registered. Upcoming Dividend • Jun 23
Upcoming dividend of HK$0.50 per share Eligible shareholders must have bought the stock before 30 June 2025. Payment date: 16 July 2025. The company is paying out more than 100% of its profits and is paying out 88% of its cash flow. Trailing yield: 26%. Within top quartile of Hong Kong dividend payers (7.5%). Higher than average of industry peers (2.4%). Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to HK$2.78, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 11x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 38% over the past three years. Reported Earnings • May 04
Full year 2024 earnings released: EPS: CN¥0.23 (vs CN¥0.11 loss in FY 2023) Full year 2024 results: EPS: CN¥0.23 (up from CN¥0.11 loss in FY 2023). Revenue: CN¥1.35b (down 22% from FY 2023). Net income: CN¥37.9m (up CN¥56.1m from FY 2023). Profit margin: 2.8% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. 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 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to HK$2.61, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 10x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 37% over the past three years. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to HK$1.99, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 10x in the Specialty Retail industry in Hong Kong. Negligible returns to shareholders over past three years. New Risk • Mar 31
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 16% 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 (16% average weekly change). Minor Risks Dividend is not well covered by earnings (181% payout ratio). Market cap is less than US$100m (HK$346.7m market cap, or US$44.6m). Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: CN¥0.23 (vs CN¥0.11 loss in FY 2023) Full year 2024 results: EPS: CN¥0.23 (up from CN¥0.11 loss in FY 2023). Revenue: CN¥1.35b (down 22% from FY 2023). Net income: CN¥37.9m (up CN¥56.1m from FY 2023). Profit margin: 2.8% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. 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 19% per year, which means it is significantly lagging earnings. Announcement • Mar 29
UNQ Holdings Limited, Annual General Meeting, Jun 26, 2025 UNQ Holdings Limited, Annual General Meeting, Jun 26, 2025. Announcement • Mar 18
UNQ Holdings Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 UNQ Holdings Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to HK$1.48, the stock trades at a trailing P/E ratio of 50.6x. Average trailing P/E is 10x in the Specialty Retail industry in Hong Kong. Total loss to shareholders of 46% over the past three years. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to HK$1.34, the stock trades at a trailing P/E ratio of 44.9x. Average trailing P/E is 9x in the Specialty Retail industry in Hong Kong. Total loss to shareholders of 62% over the past three years. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$1.81, the stock trades at a trailing P/E ratio of 60.5x. Average trailing P/E is 9x in the Specialty Retail industry in Hong Kong. Total loss to shareholders of 60% over the past three years. Reported Earnings • Sep 02
First half 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.01 in 1H 2023) First half 2024 results: EPS: CN¥0.15 (up from CN¥0.01 in 1H 2023). Revenue: CN¥613.3m (down 32% from 1H 2023). Net income: CN¥24.4m (up CN¥22.7m from 1H 2023). Profit margin: 4.0% (up from 0.2% in 1H 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Declared Dividend • Aug 30
Dividend of HK$0.25 announced Shareholders will receive a dividend of HK$0.25. Ex-date: 10th September 2024 Payment date: 26th September 2024 Dividend yield will be 15%, which is higher than the industry average of 5.5%. Announcement • Aug 15
UNQ Holdings Limited to Report Q2, 2024 Results on Aug 28, 2024 UNQ Holdings Limited announced that they will report Q2, 2024 results on Aug 28, 2024 New Risk • May 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 16% 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 Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 31% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$295.3m market cap, or US$37.8m). Reported Earnings • Mar 30
Full year 2023 earnings released: CN¥0.11 loss per share (vs CN¥0.71 loss in FY 2022) Full year 2023 results: CN¥0.11 loss per share (improved from CN¥0.71 loss in FY 2022). Revenue: CN¥1.74b (down 27% from FY 2022). Net loss: CN¥18.2m (loss narrowed 85% from FY 2022). Announcement • Mar 29
UNQ Holdings Limited, Annual General Meeting, Jun 28, 2024 UNQ Holdings Limited, Annual General Meeting, Jun 28, 2024. Announcement • Mar 28
UNQ Holdings Limited Announces Director Changes UNQ Holdings Limited announces that, with effect from 28 March 2024: Mr. MATSUMOTO Ryoji has resigned as an executive Director due to adjustments of working arrangements. Ms. CHEN Weiwei has been appointed as an executive Director. Ms. CHEN, aged 40, has been appointed as general manager of operation center of the Company since September 2021. Ms. CHEN currently also serves as a director of UNQ Supply Chain . Ms. CHEN has over 10 years of experience in business operations and brand engagement. Ms. CHEN joined the Group in January 2011, and her working experience within the Group primarily includes: serving as the marketing head of the Hangzhou business operation department of Shanghai UNQ Business Consulting Co. Ltd. () from January 2011 to December 2014, marketing director of UNQ Supply Chain from December 2014 to January 2017, the general manager of the new media department of Shanghai Fuli Culture Media Co. Ltd. () from January 2017 to August 2019, general manager of the pharmaceutical and health department of UNQ Supply Chain from September 2019 to December 2020, general manager of brand center of UNQ Supply Chain from January 2021 to August 2021. Ms. CHEN obtained an associate diploma in TV and network advertising design from the Shanghai Art & Design Academy in Shanghai, the PRC in July 2006. Ms. CHEN is pursuing a master degree in business administration from Fudan University. Ms. CHEN shall only hold office until the first annual general meeting of the Company after her appointment and will be eligible for and subject to re-election at such meeting in accordance with the Articles of Association. Announcement • Mar 16
UNQ Holdings Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 UNQ Holdings Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 Buy Or Sell Opportunity • Mar 12
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to HK$1.12. The fair value is estimated to be HK$1.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last year. Earnings per share has declined by 125%. Buy Or Sell Opportunity • Feb 08
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.0% to HK$1.15. The fair value is estimated to be HK$1.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last year. Earnings per share has declined by 125%. Reported Earnings • Sep 30
First half 2023 earnings released: EPS: CN¥0.01 (vs CN¥0.20 loss in 1H 2022) First half 2023 results: EPS: CN¥0.01 (up from CN¥0.20 loss in 1H 2022). Revenue: CN¥901.9m (down 20% from 1H 2022). Net income: CN¥1.68m (up CN¥34.2m from 1H 2022). Profit margin: 0.2% (up from net loss in 1H 2022). The move to profitability was driven by lower expenses. Upcoming Dividend • Sep 05
Upcoming dividend of HK$0.12 per share Eligible shareholders must have bought the stock before 12 September 2023. Payment date: 27 September 2023. The company last paid an ordinary dividend in March 2022. The average dividend yield among industry peers is 4.2%. Announcement • Aug 18
UNQ Holdings Limited to Report First Half, 2023 Results on Aug 30, 2023 UNQ Holdings Limited announced that they will report first half, 2023 results on Aug 30, 2023 Announcement • Jun 06
UNQ Holdings Limited, Annual General Meeting, Jun 28, 2023 UNQ Holdings Limited, Annual General Meeting, Jun 28, 2023, at 10:00 China Standard Time. Location: Room 2505, Guohua Life Finance Tower, No. 288 Xiangcheng Road Pudong New Area Shanghai, PRC Shanghai China Agenda: To receive and adopt the audited consolidated financial statements and the reports of the directors and auditor of the Company and its subsidiaries for the year ended December 31, 2022; to re-elect Mr. WANG Yong as an executive Director; to re-elect Mr. NAKAYAMA Kokkei as a non-executive Director; to re-elect Mr. NG Kam Wah Webster as an independent non-executive Director; to authorise the board of Directors to fix the remuneration of the Directors; to re-appoint PricewaterhouseCoopers as auditor of the Company and authorise the Board to fix its remuneration; and to consider other matters. Announcement • Jun 01
UNQ Holdings Limited Announces Board Changes UNQ Holdings Limited announces that Ms. Szeto Kar Yee Cynthia has tendered her resignation as the joint company secretary of the Company. The Board is also pleased to announce that Ms. Ng Sau Mei has been appointed by the Company as the Joint Company Secretary, the Authorized Representative and the Process Agent in replacement of Ms. Szeto, with effect from 31 May 2023. Mr. Shen Yu will continue to serve as the other Joint Company Secretary of the Company. Mr. Shen was appointed as a director of the Company in June 2020 and re-designated as an executive Director, and was appointed as the chief financial officer, and vice president of the Company in June 2020. Mr. Shen was also appointed as one of the Joint Company Secretaries with effect from June 28, 2021. Mr. Shen currently also serves as the deputy general manager and chief financial officer of UNQ Supply Chain and general manager of Shanghai Spot E-Commerce Co. Ltd. Mr. Shen has over 15 years of experience in finance, marketing and corporate management. Mr. Shen joined the Group in September 2016, and his working experience within the Group primarily includes: serving as the director of the financial department and the director of the personnel and administration department of UNQ (Shanghai) Supply Chain Management Co. Ltd. from September 2016 to December 2017, serving as the deputy general manager and chief financial officer of UNQ Supply Chain since January 2018, serving as a director of UNQ Hong Kong Limited since November 2018 and serving as the general manager of Shanghai SPT since June 2019. Prior to joining the Group, Mr. Shen's previous working experience primarily includes: consecutively serving as the manager of the financial department and the head of the business management department of KOSÉ Cosmetics Co. Ltd. () (currently known as Kolmar Cosmetics (Hangzhou) Co. Ltd. from September 1995 to February 2004, and serving as the head of the administrative department and director of the business department of KOSÉ Cosmetics Sales (China) Co. Ltd. from March 2004 to August 2016. Reported Earnings • Apr 01
Full year 2022 earnings released: CN¥0.71 loss per share (vs CN¥0.20 profit in FY 2021) Full year 2022 results: CN¥0.71 loss per share (down from CN¥0.20 profit in FY 2021). Revenue: CN¥2.38b (down 22% from FY 2021). Net loss: CN¥117.9m (down 487% from profit in FY 2021). Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). Executive Chairman of the Board & CEO Yong Wang is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Director Webster Ng was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 26
First half 2022 earnings released: CN¥0.20 loss per share (vs CN¥0.26 profit in 1H 2021) First half 2022 results: CN¥0.20 loss per share (down from CN¥0.26 profit in 1H 2021). Revenue: CN¥1.12b (down 24% from 1H 2021). Net loss: CN¥32.5m (down 193% from profit in 1H 2021). Announcement • Aug 16
UNQ Holdings Limited to Report First Half, 2022 Results on Aug 25, 2022 UNQ Holdings Limited announced that they will report first half, 2022 results on Aug 25, 2022 Announcement • Aug 13
UNQ Holdings Limited Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2022 UNQ Holdings Limited provided consolidated earnings guidance for the six months ended June 30, 2022. For the six months ended June 30, 2022, the revenue of the Group for first half of 2022 is expected to range between RMB 1,050 million and RMB 1,150 million as compared to the revenue of the Group of RMB 1,481 million for the six months ended June 30, 2021; the net loss to be recorded by the Group for first half of 2022 is expected to range between RMB 30 million and RMB 33 million, while it recorded a net profit of RMB 35 million for first half of 2021. Announcement • Jun 23
UNQ Holdings Limited Approves Distribution of Final Dividend for the Year Ended December 31, 2021, Payable on July 12, 2022 UNQ Holdings Limited at its AGM held on June 22, 2022 approved distribution of final dividend of HKD 0.3 per Share for the year ended December 31, 2021 on Tuesday, July 12, 2022 to the Shareholders whose names appear on the register of members of the Company on June 30, 2022. For determining the entitlement of the Shareholders to receive the Final Dividend, the register of members of the Company will be closed from Tuesday, June 28, 2022 to June 30, 2022 (both days inclusive), during which period no transfer of Shares will be registered. To be eligible to receive the Final Dividend, all transfer documents accompanied by the relevant share certificates must be lodged with the Company's branch share registrar in Hong Kong, Computershare Hong Kong Investor Services Limited, at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wan Chai, Hong Kong not later than 4:30 p.m. on June 27, 2022. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 20% share price gain to HK$2.79, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 15x in the Online Retail industry in Hong Kong. Board Change • Apr 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Executive Chairman of the Board & CEO Yong Wang is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Director Webster Ng was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improved over the past week After last week's 19% share price gain to HK$2.50, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 17x in the Online Retail industry in Hong Kong. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorated over the past week After last week's 20% share price decline to HK$2.61, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 19x in the Online Retail industry in Hong Kong. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorated over the past week After last week's 17% share price decline to HK$5.15, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 21x in the Online Retail industry in Hong Kong. 
