Buy Or Sell Opportunity • Jul 27
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 24% to €0.38. The fair value is estimated to be €0.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 45% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 27% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. New Risk • Jul 08
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 German 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 Risks Share price has been highly volatile over the past 3 months (13% average weekly change). High level of non-cash earnings (33% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • Jun 17
Upcoming dividend of HK$0.10 per share Eligible shareholders must have bought the stock before 24 June 2026. Payment date: 13 July 2026. Payout ratio is a comfortable 23% and the cash payout ratio is 89%. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.6%). Recent Insider Transactions • Jun 07
Founder recently bought €311k worth of stock On the 2nd of June, Lai King Chu bought around 1m shares on-market at roughly €0.31 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Lai King's only on-market trade for the last 12 months. New Risk • Jun 04
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 German 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 Risks Share price has been highly volatile over the past 3 months (13% average weekly change). High level of non-cash earnings (33% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Chee Chung Wong was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annonce • Mar 28
YesAsia Holdings Limited, Annual General Meeting, Jun 18, 2026 YesAsia Holdings Limited, Annual General Meeting, Jun 18, 2026. Annonce • Jan 27
Yesasia Holdings Limited Provides Earnings Guidance for the Year Ended 31 December 2025 YesAsia Holdings Limited provided earnings guidance for the year ended 31 December 2025 . For the year, the group expected to record unaudited consolidated revenue for the Reporting Year of approximately USD 500.0 million (Prior Year: USD 347.1 millionNote), representing an increase of approximately USD 152.9 million or 44.1% as compared to the Prior Year, mainly driven by continuous market diversification for YesStyle and an increase in number of new customers of AsianBeautyWholesale for both online and offline channels. Consequently, the unaudited consolidated net profit for the Reporting Year is expected to be not less than USD 22.0 million (Prior Year: USD 19.0 million), representing an increase of approximately USD 3.0 million or 15.8%. Annonce • Sep 12
YesAsia Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 22.755 million. YesAsia Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 22.755 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,100,000
Price\Range: HKD 5.55
Transaction Features: Subsequent Direct Listing Annonce • Aug 27
YesAsia Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 22.755 million. YesAsia Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 22.755 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,100,000
Price\Range: HKD 5.55
Transaction Features: Subsequent Direct Listing Annonce • Jul 25
YesAsia Holdings Limited Provides Earnings Guidance for the Six Months Ended 30 June 2025 YesAsia Holdings Limited provided earnings guidance for the six months ended 30 June 2025. For the period, the company expects to record an unaudited consolidated net profit of approximately USD 14,075,000 representing an increase of approximately USD 2,968,000 or 26.7%, mainly attributable to the increase in revenue and gross profit for the Reporting Period. The unaudited consolidated revenue for the Reporting Period is expected to be approximately USD 243,932,000 (Prior Period: USD 163,348,000), representing an increase of approximately USD 80,584,000 or 49.3% as compared to the Prior Period, mainly driven by an increase in sales of beauty products via both YesStyle and AsianBeautyWholesale. The increase is mainly attributable to (i) an enhancement of YesStyle's marketing efforts to promote the sale of beauty products; and (ii) the expansion of AsianBeautyWholesale to serve more business-to- business (B2B) customers via online and offline channels. The unaudited consolidated gross profit for the Reporting Period is expected to be approximately USD 73,262,000 (Prior Period: USD 50,192,000), representing an increase of approximately US$23,070,000 or 46.0% as compared to the Prior Period. The gross profit margin during the Reporting Period is expected to remain relatively stable at approximately 30.0%, slightly decreasing from 30.7% in the Prior Period. This is primarily attributable to an increase in the proportion of revenue generated from ABW's B2B business which has a lower margin relative to B2C. Nonetheless, the gross profit margin for YesStyle and ABW for the Reporting Period improved to 35.4% (Prior Period: 34.5%) and 18.6% (Prior Period: 17.8%) respectively. Annonce • Jun 21
Yesasia Holdings Limited Approves Final Ordinary Cash Dividend for the Year Ended 31 December 2024 YesAsia Holdings Limited approved final ordinary cash dividend of 7.5 cents per share for the year ended 31 December 2024. Annonce • Apr 01
Yesasia Holdings Limited Proposes Final Ordinary Cash Dividend for the Year Ended 31 December 2024, Payable on 14 July 2025 YesAsia Holdings Limited proposed final ordinary cash dividend of HKD 0.075 per share for the year ended 31 December 2024, payable on 14 July 2025. Record date is 03 July 2025. Ex-dividend date is 25 June 2025. Date of shareholders' approval is 20 June 2025. Annonce • Mar 31
YesAsia Holdings Limited, Annual General Meeting, Jun 20, 2025 YesAsia Holdings Limited, Annual General Meeting, Jun 20, 2025. Annonce • Jan 24
Yesasia Holdings Limited Provides Earnings Guidance for the Year Ended 31 December 2024 YesAsia Holdings Limited provided earnings guidance for the year ended 31 December 2024. The Group expects to record a historical high unaudited consolidated net profit of not less than USD 19.0 million for the Reporting Year, as compared to a net profit of approximately USD 7.6 million for the Prior Year, representing an increase of approximately USD 11.4 million or 150.0%, mainly attributable to the increase in revenue and gross profit. Based on the information currently available, the unaudited consolidated revenue for the Reporting Year is expected to reach historical high, amounting to approximately USD 345.7 million (Prior Year: USD 201.3 million), representing an increase of approximately USD 144.4 million or 71.7% as compared to the Prior Year, mainly driven by an increase in sales of beauty products via both YesStyle Platforms and AsianBeautyWholesale. The increase is mainly attributable to (i) an enhancement of YesStyle Platforms' marketing efforts to promote the sale of beauty products, and (ii) the expansion of AsianBeautyWholesale to serve more business-to-business (B2B) customers who are looking to source Asian beauty products globally. Annonce • Jan 23
YesAsia Holdings Limited to Report Q4, 2024 Results on Mar 28, 2025 YesAsia Holdings Limited announced that they will report Q4, 2024 results on Mar 28, 2025 Recent Insider Transactions • Sep 26
VP of Content & Executive Director recently sold €115k worth of stock On the 20th of September, Kin Hang Chu sold around 150k shares on-market at roughly €0.77 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €900k. Insiders have been net sellers, collectively disposing of €1.0m more than they bought in the last 12 months. New Risk • Sep 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.0% This is considered a minor 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 (18% average weekly change). High level of non-cash earnings (57% accrual ratio). Minor Risks Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Significant insider selling over the past 3 months (€900k sold). New Risk • Aug 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 57% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (28% average weekly change). High level of non-cash earnings (57% accrual ratio). Minor Risk Significant insider selling over the past 3 months (€900k sold). Annonce • Jul 26
YesAsia Holdings Limited to Report First Half, 2024 Results on Aug 29, 2024 YesAsia Holdings Limited announced that they will report first half, 2024 results on Aug 29, 2024 Recent Insider Transactions • Jul 21
Non-Executive Director recently sold €900k worth of stock On the 19th of July, Pak Shing Lui sold around 4m shares on-market at roughly €0.24 per share. This transaction amounted to 11% 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. Upcoming Dividend • Jun 19
Upcoming dividend of HK$0.05 per share Eligible shareholders must have bought the stock before 26 June 2024. Payment date: 15 July 2024. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.5%). New Risk • Apr 01
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 5.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining 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 Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 34% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€41.4m market cap, or US$44.7m). Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: US$0.019 (vs US$0.017 loss in FY 2022) Full year 2023 results: EPS: US$0.019 (up from US$0.017 loss in FY 2022). Revenue: US$201.3m (up 57% from FY 2022). Net income: US$7.57m (up US$14.4m from FY 2022). Profit margin: 3.8% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. New Risk • Mar 14
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 Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 59% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (€31.6m market cap, or US$34.5m). Annonce • Jan 29
YesAsia Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 December 2023 YesAsia Holdings Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2023. For the year, the company expects to record an unaudited consolidated net profit of not less than USD 7,500,000 for the Relevant Year, as compared to a net loss of approximately USD 6,782,000 for the Prior Year. Such expected turnaround from loss to profit is primarily attributable to the increase in revenue from the sales of beauty products, which was partially offset by a corresponding increase in selling expenses. Annonce • Jan 27
YesAsia Holdings Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 YesAsia Holdings Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 Reported Earnings • Aug 31
First half 2023 earnings released: EPS: US$0.004 (vs US$0.006 loss in 1H 2022) First half 2023 results: EPS: US$0.004 (up from US$0.006 loss in 1H 2022). Revenue: US$90.7m (up 44% from 1H 2022). Net income: US$1.56m (up US$3.83m from 1H 2022). Profit margin: 1.7% (up from net loss in 1H 2022). The move to profitability was driven by higher revenue. New Risk • Aug 02
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 German stocks, typically moving 10% 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 (10% average weekly change). Earnings have declined by 57% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€25.5m market cap, or US$27.9m). Annonce • Jul 29
YesAsia Holdings Limited to Report First Half, 2023 Results on Aug 25, 2023 YesAsia Holdings Limited announced that they will report first half, 2023 results on Aug 25, 2023 Annonce • Jan 21
Yesasia Holdings Limited Provides Consolidated Earnings Guidance for the Year Ended 31 December 2022 The board of directors of YesAsia Holdings Limited announced that, based on preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 31 December 2022, as well as other information currently available to the Board, the Group recorded an unaudited consolidated net loss of approximately $6.8 million for the Relevant Year, as compared to a net loss of approximately $2.1 million and an adjusted net loss (after adjustments for the listing expenses incurred) of approximately $343,000 for the year ended 31 December 2021. Such net loss for the Relevant Year was primarily attributable to the decrease in the number of sale orders from major sales countries. Board Change • Nov 16
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. 6 non-independent directors. Independent Non-Executive Director Yu Cheong Chan was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Sep 03
Insider recently bought €120k worth of stock On the 29th of August, Chu Lau Kwok bought around 2m shares on-market at roughly €0.079 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €271k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 28
First half 2022 earnings released: US$0.006 loss per share (vs US$0.003 profit in 1H 2021) First half 2022 results: US$0.006 loss per share (down from US$0.003 profit in 1H 2021). Revenue: US$62.9m (down 29% from 1H 2021). Net loss: US$2.26m (down US$2.78m from profit in 1H 2021). Over the next year, revenue is forecast to grow 42%, compared to a 30% growth forecast for the Online Retail industry in Germany. Annonce • Jul 30
YesAsia Holdings Limited to Report First Half, 2022 Results on Aug 26, 2022 YesAsia Holdings Limited announced that they will report first half, 2022 results on Aug 26, 2022 Annonce • Jul 02
YesAsia Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Five Months Ended 31 May 2022 YesAsia Holdings Limited provided unaudited consolidated earnings guidance for the five months ended 31 May 2022. Group recorded an unaudited consolidated net loss of approximately $1.9 million for the Relevant Period, as compared to a net profit of approximately $0.7 million. Upcoming Dividend • Jun 21
Upcoming dividend of HK$0.05 per share Eligible shareholders must have bought the stock before 28 June 2022. Payment date: 13 July 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 8.7%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (0.4%). 
