Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$1.09, the stock trades at a trailing P/E ratio of 73.4x. Average trailing P/E is 7x in the Forestry industry in Hong Kong. Total returns to shareholders of 485% over the past three years. Board Change • Apr 18
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-executive Director Stephen Hon was the last independent director to join the board, commencing their role in 2026. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to HK$1.02, the stock trades at a trailing P/E ratio of 68.7x. Average trailing P/E is 8x in the Forestry industry in Hong Kong. Total returns to shareholders of 281% over the past three years. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to HK$1.05, the stock trades at a trailing P/E ratio of 70.7x. Average trailing P/E is 10x in the Forestry industry in Hong Kong. Total returns to shareholders of 198% over the past three years. Reported Earnings • Feb 16
Full year 2025 earnings released: EPS: HK$0.015 (vs HK$0.002 in FY 2024) Full year 2025 results: EPS: HK$0.015 (up from HK$0.002 in FY 2024). Revenue: HK$35.5m (up 22% from FY 2024). Net income: HK$1.69m (up HK$1.50m from FY 2024). Profit margin: 4.8% (up from 0.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 239 percentage points per year, which is a significant difference in performance. Anuncio • Feb 03
Almana Limited to Report Fiscal Year 2025 Results on Feb 13, 2026 Almana Limited announced that they will report fiscal year 2025 results at 12:30 PM, China Standard Time on Feb 13, 2026 New Risk • Nov 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 14% 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 (14% average weekly change). Market cap is less than US$10m (HK$41.6m market cap, or US$5.34m). Minor Risk Revenue is less than US$5m (HK$32m revenue, or US$4.1m). Reported Earnings • Aug 18
First half 2025 earnings released: EPS: HK$0.006 (vs HK$0.004 loss in 1H 2024) First half 2025 results: EPS: HK$0.006 (up from HK$0.004 loss in 1H 2024). Revenue: HK$16.5m (up 19% from 1H 2024). Net income: HK$689.0k (up HK$1.17m from 1H 2024). Profit margin: 4.2% (up from net loss in 1H 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 119 percentage points per year, which is a significant difference in performance. Anuncio • Aug 04
Almana Limited to Report First Half, 2025 Results on Aug 15, 2025 Almana Limited announced that they will report first half, 2025 results on Aug 15, 2025 Anuncio • May 16
Almana Limited, Annual General Meeting, Jun 11, 2025 Almana Limited, Annual General Meeting, Jun 11, 2025, at 11:00 China Standard Time. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: HK$0.002 (vs HK$0.032 loss in FY 2023) Full year 2024 results: EPS: HK$0.002 (up from HK$0.032 loss in FY 2023). Revenue: HK$29.2m (up 8.3% from FY 2023). Net income: HK$189.0k (up HK$1.83m from FY 2023). Profit margin: 0.6% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% 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. New Risk • Mar 15
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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-HK$10m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Market cap is less than US$10m (HK$43.3m market cap, or US$5.57m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Revenue is less than US$5m (HK$28m revenue, or US$3.6m). New Risk • Mar 10
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 14% 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 Less than 1 year of cash runway based on free cash flow trend (-HK$10m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Market cap is less than US$10m (HK$36.4m market cap, or US$4.69m). Minor Risk Revenue is less than US$5m (HK$28m revenue, or US$3.6m). Anuncio • Mar 06
Almana Limited to Report Fiscal Year 2024 Results on Mar 17, 2025 Almana Limited announced that they will report fiscal year 2024 results on Mar 17, 2025 New Risk • Feb 18
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$69.5m (US$8.93m) 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 Risks Less than 1 year of cash runway based on free cash flow trend (-HK$10m free cash flow). Market cap is less than US$10m (HK$69.5m market cap, or US$8.93m). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Revenue is less than US$5m (HK$28m revenue, or US$3.6m). New Risk • Dec 23
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 19% 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 Less than 1 year of cash runway based on free cash flow trend (-HK$10m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risks Revenue is less than US$5m (HK$28m revenue, or US$3.6m). Market cap is less than US$100m (HK$83.1m market cap, or US$10.7m). Anuncio • Nov 08
Almana Limited Appoints Pan Zhen as an Executive Director The board of directors of Almana Limited announced that Mr. Pan Zhen has been appointed as an executive director of the Company with effect from 8 November 2024. Mr. Pan, aged 46, has over 20 years of management experience in supply chain management and the fashion industry. Mr. Pan is currently the co-founder and chairman of a number of fashion and lifestyle companies in China. Throughout his career, Mr. Pan has developed extensive experience in corporate strategic planning, product development, branding management and marketing initiatives. Mr. Pan does not hold any other position in the Company and its subsidiaries and has not held any directorship in other listed public companies in Hong Kong or overseas in the past three years prior to his appointment or any major appointment or professional qualification; does not have relationship with any director, senior management and substantial shareholder of the Company; and does not have, and is not deemed to have any interest or short position in any share or underlying share of the company (as defined under Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong)). Mr. Pan has not entered into a service contract with the Company and will hold office until the next annual general meeting of the Company and thereafter subject to retirement by rotation and re-election in accordance with the bye-laws of the Company. The director's fee of Mr. Pan will be determined by the Board after considering the recommendation of the remuneration committee of the Board with reference to his experience, duties and responsibility. Save as disclosed above, there is no other information in relation to the appointment of Mr. Pan which is required to be disclosed pursuant to Rules 17.50(2)(h) to (v) of The Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited and there is no other matter that needs to be brought to the attention of the shareholders of the Company. Anuncio • Sep 05
Almana Limited Announces Board and Committee Changes The board of directors of Almana Limited announced that Mr. Zhang Chuanbang has been appointed as an independent non-executive Director and a member of each of the audit committee, the nomination committee and the remuneration committee of the Board with effect from 5 September 2024. Mr. Zhang, aged 36, is an entrepreneur in diversified businesses and has 15 years of substantial experience in business development and corporate management. Mr. Zhang is currently the founder and the chairman of a number of companies engaged in technology, construction and hospitality and catering businesses in China. Mr. Hong Bingxian has served as an independent non-executive Director for more than 9 years and has tendered his resignation as an independent executive Director and a member of each of the audit committee, the nomination committee and the remuneration committee of the Board with effect from 5 September 2024. Mr. Hong confirmed that he has no disagreement with the Board and there is no matter relating to his resignation which needs to be brought to the attention of the shareholders of the Company. Reported Earnings • Aug 28
First half 2024 earnings released: HK$0.004 loss per share (vs HK$0.001 loss in 1H 2023) First half 2024 results: HK$0.004 loss per share (further deteriorated from HK$0.001 loss in 1H 2023). Revenue: HK$13.9m (up 10% from 1H 2023). Net loss: HK$482.0k (loss widened HK$444.0k from 1H 2023). Anuncio • Aug 15
Almana Limited to Report First Half, 2024 Results on Aug 27, 2024 Almana Limited announced that they will report first half, 2024 results on Aug 27, 2024 Reported Earnings • Mar 16
Full year 2023 earnings released: HK$0.032 loss per share (vs HK$3.09 profit in FY 2022) Full year 2023 results: HK$0.032 loss per share (down from HK$3.09 profit in FY 2022). Revenue: HK$26.9m (up 21% from FY 2022). Net loss: HK$1.64m (down 103% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Anuncio • Mar 02
Almana Limited to Report Fiscal Year 2023 Results on Mar 15, 2024 Almana Limited announced that they will report fiscal year 2023 results on Mar 15, 2024 Recent Insider Transactions • Dec 22
Executive Director & Compliance Officer recently sold HK$1.2m worth of stock On the 15th of December, Ho Yee Chan sold around 715k shares on-market at roughly HK$1.61 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth HK$2.4m. Insiders have been net sellers, collectively disposing of HK$4.4m more than they bought in the last 12 months. Anuncio • Dec 19
Almana Limited Announces Appointment of Jin Guangwu as Chairman of the Board and Executive Director Almana Limited announce that Mr. Jin Guangwu is appointed as the chairman of the Board and an executive Director with effect from 19 December 2023. Mr. Jin, aged 52, has 25 years of management experience in the consumer industry including strategic planning, resources integration, business development and customer relationship management for domestic and overseas markets. Prior to founding his own business focusing on new consumer and household industries in 2008, Mr. Jin had held managerial positions in a number of renowned multinational companies. In both 2005 and 2006, Mr. Jin was given the Global President's Award by Abbott Laboratories Limited. He was also awarded as an Extraordinary Leading Person of Trustworthy Enterprises in 2021 and appointed as an honorary chairperson of the Ambassador for Chinese Cultural Exchange in 2022. Mr. Jin holds a bachelor's degree in medicine from Fujian Medical University, China. Recent Insider Transactions • Dec 12
Executive Director & Compliance Officer recently sold HK$797k worth of stock On the 4th of December, Ho Yee Chan sold around 495k shares on-market at roughly HK$1.61 per share. This transaction amounted to 41% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth HK$2.4m. Insiders have been net sellers, collectively disposing of HK$3.2m more than they bought in the last 12 months. Recent Insider Transactions • Dec 06
Executive Director & Compliance Officer recently sold HK$2.4m worth of stock On the 28th of November, Ho Yee Chan sold around 1m shares on-market at roughly HK$1.62 per share. This transaction amounted to 55% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Nov 16
Third quarter 2023 earnings released: HK$0.006 loss per share (vs HK$3.53 profit in 3Q 2022) Third quarter 2023 results: HK$0.006 loss per share (down from HK$3.53 profit in 3Q 2022). Revenue: HK$12.0m (up 174% from 3Q 2022). Net loss: HK$170.0k (down 100% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 150% After last week's 150% share price gain to HK$1.30, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 15x in the Forestry industry in Asia. Total returns to shareholders of 154% over the past three years. Anuncio • Nov 04
Almana Limited to Report Q2, 2023 Results on Nov 15, 2023 Almana Limited announced that they will report Q2, 2023 results on Nov 15, 2023 Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: HK$0.017 (vs HK$0.028 loss in 2Q 2022) Second quarter 2023 results: EPS: HK$0.017 (up from HK$0.028 loss in 2Q 2022). Net income: HK$493.0k (up HK$924.0k from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. New Risk • Jul 29
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: HK$577k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (83% increase in shares outstanding). Market cap is less than US$10m (HK$8.68m market cap, or US$1.11m). Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (HK$577k sold). Revenue is less than US$5m (HK$22m revenue, or US$2.8m). Anuncio • Jul 29
Almana Limited to Report First Half, 2023 Results on Aug 09, 2023 Almana Limited announced that they will report first half, 2023 results on Aug 09, 2023 Anuncio • Jun 07
M-Resources Group Limited, Annual General Meeting, Jun 30, 2023 M-Resources Group Limited, Annual General Meeting, Jun 30, 2023, at 10:30 China Standard Time. Agenda: To receive and consider the audited consolidated financial statements and reports of the directors (the "Directors") and auditors of the Company for the year ended 31 December 2022; to re-elect Ms. Pang King Sze, Rufina as an independent non-executive Director; to re-elect Mr. Hong Bingxian as an independent non-executive Director; to authorise the board of Directors to fix the Directors' remuneration; to re-appoint the auditors of the Company and to authorise the board of Directors to fix their remuneration; and to consider other matters. Reported Earnings • May 14
First quarter 2023 earnings released: HK$0.019 loss per share (vs HK$0.10 loss in 1Q 2022) First quarter 2023 results: HK$0.019 loss per share (improved from HK$0.10 loss in 1Q 2022). Net loss: HK$531.0k (loss narrowed 66% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Anuncio • Nov 04
M-Resources Group Limited to Report Q3, 2022 Results on Nov 14, 2022 M-Resources Group Limited announced that they will report Q3, 2022 results on Nov 14, 2022 Reported Earnings • Aug 12
Second quarter 2022 earnings released: HK$0.028 loss per share (vs HK$0.12 loss in 2Q 2021) Second quarter 2022 results: HK$0.028 loss per share (up from HK$0.12 loss in 2Q 2021). Revenue: HK$10.4m (up 93% from 2Q 2021). Net loss: HK$431.0k (loss narrowed 77% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 56% per year, which means it is significantly lagging earnings. Anuncio • Jul 30
M-Resources Group Limited to Report Q2, 2022 Results on Aug 10, 2022 M-Resources Group Limited announced that they will report Q2, 2022 results on Aug 10, 2022 Reported Earnings • May 17
First quarter 2022 earnings released: HK$0.10 loss per share (vs HK$0.12 loss in 1Q 2021) First quarter 2022 results: HK$0.10 loss per share (up from HK$0.12 loss in 1Q 2021). Revenue: HK$5.61m (up 14% from 1Q 2021). Net loss: HK$1.58m (loss narrowed 13% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings. Anuncio • May 02
M-Resources Group Limited to Report Q1, 2022 Results on May 13, 2022 M-Resources Group Limited announced that they will report Q1, 2022 results on May 13, 2022 Anuncio • Apr 02
M-Resources Group Limited to Report Fiscal Year 2021 Final Results on May 15, 2022 M-Resources Group Limited announced that they will report fiscal year 2021 final results on May 15, 2022 Reported Earnings • Mar 14
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: HK$0.092 loss per share (up from HK$0.22 loss in 3Q 2020). Revenue: HK$8.87m (up 14% from 3Q 2020). Net loss: HK$1.43m (loss narrowed 57% from 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. Anuncio • Mar 04
M-Resources Group Limited Appoints Chan Ho Yee as an Executive Director M-Resources Group Limited announced that Ms. Chan Ho Yee has been appointed as an executive Director with effect from March 2, 2022. Ms. Chan, aged 26, joined the Group in September 2021 as the assistant to chairperson of the Board. She has experience in business arrangement and project management and has established connections in Hong Kong and the overseas market. It is expected that Ms. Chan will help the Group in the design and production planning of household products and exploration and development of business opportunities in the Asian and overseas markets with a view to expanding the Group's business scope, diversifying product offerings and broadening customer base. Ms. Chan holds a master's degree in fine arts from The University of British Columbia. 