Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$5.06, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the IT industry in Asia. Total returns to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$2.84 per share. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to HK$5.27, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the IT industry in Asia. Total returns to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$2.58 per share. Actualités en direct • May 09
SUNeVision Extends SHKP Service Agreement With Shareholder Vote and New Terms Ahead SUNeVision has renewed its connected-transaction framework with majority shareholder Sun Hung Kai Properties (SHKP) for extra-low-voltage and IT system services and maintenance through June 2029.
Because SHKP holds 73.25% of SUNeVision, these related-party transactions fall under Hong Kong listing rules and require disclosure and independent shareholder oversight.
SUNeVision plans to seek independent shareholders’ approval by poll for certain transaction categories and will issue a circular with detailed terms and board recommendations by late May 2026.
For investors, the renewed framework indicates that SUNeVision is formalizing a long-term arrangement for key technical and maintenance services with its controlling shareholder. The focus on extra-low-voltage and IT systems is closely tied to data center operations, where reliability and consistent service standards are critical. Extending this framework to 2029 provides more visibility on how these services are sourced and governed.
The requirement for independent shareholders’ approval and a detailed circular reflects standard protections under Hong Kong listing rules for related-party deals. The upcoming circular and poll will be important documents to review, as they are expected to set out pricing policies, fee caps and the basis on which the independent board committee and its adviser assess the terms. That information can help investors evaluate whether the connected transactions appear fair to minority shareholders and how they could influence SUNeVision’s cost structure over the coming years. New Risk • Feb 28
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 9.7% 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 Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (9.7% average weekly change). Reported Earnings • Feb 27
First half 2026 earnings released: EPS: HK$0.13 (vs HK$0.12 in 1H 2025) First half 2026 results: EPS: HK$0.13 (up from HK$0.12 in 1H 2025). Revenue: HK$1.51b (up 2.6% from 1H 2025). Net income: HK$531.0m (up 9.7% from 1H 2025). Profit margin: 35% (up from 33% in 1H 2025). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 31% growth forecast for the IT industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$7.32, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 23x in the IT industry in Hong Kong. Total returns to shareholders of 60% over the past three years. Annonce • Feb 04
SUNeVision Holdings Ltd. to Report First Half, 2026 Results on Feb 25, 2026 SUNeVision Holdings Ltd. announced that they will report first half, 2026 results on Feb 25, 2026 Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to HK$6.98, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 20x in the IT industry in Asia. Total returns to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$5.45, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 21x in the IT industry in Asia. Total returns to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$2.51 per share. Annonce • Nov 28
SUNeVision Holdings Ltd. Announces Board and Executive Changes, Effective 28 November 2025 The board of Directors of SUNeVision Holdings Ltd. announced that Ms. Lo Ngai, Helen ("Ms. Helen Lo") has been appointed as an Executive Director of the Company and Mr. Lam Kwok-fung, Kenny ("Mr. Kenny Lam") has been appointed as Independent Non-Executive Director of the Company, both with effect from 28 November 2025 (the "Appointments"). Ms. Helen Lo, aged 41, is the Director, Commercial of the Company since 1 April 2024. She graduated from the Hong Kong University of Science and Technology Business School and holds a Master's degree in Business Administration from INSEAD Business School. Ms. Helen Lo joined Sun Hung Kai Properties Limited ("SHKP"), the substantial shareholder of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) ("SFO") in October 2020. She was appointed as Head of Strategy of the Company in the same year and was later promoted to General Manager, Commercial. Ms. Helen Lo has established a track record in the technology sector over the years. From 2013 to 2019, she held various senior roles at Tencent Music Entertainment, where she was promoted to general manager, overseeing product development, corporate strategy, and new business incubation. She also served as a senior director of strategy at Tencent from 2011 to 2016. Prior to her tenure at Tencent, she was an engagement manager at Monitor Deloitte. Mr. Kenny Lam, aged 51, obtained Bachelor's and Master's in Law degrees with honours from Oxford University and graduated magna cum laude with a Bachelor of Science in Finance from the Wharton School of the University of Pennsylvania, where he was a Joseph Wharton Scholar and a Benjamin Franklin Scholar. Mr. Kenny Lam is currently the chief executive officer of Two Sigma Asia Pacific, Limited and leads the Asia Pacific region for Two Sigma. He is also an independent non-executive director of SmarTone Telecommunications Holdings Limited and Bank of East Asia (China) Limited. Mr. Kenny Lam was the group president of Noah Holdings Limited, a company listed on the New York Stock Exchange. Prior to joining Noah, Mr. Kenny Lam was a global partner at McKinsey & Company in Hong Kong, where he co-led the Asia Financial Institutions Practice and headed the Asia Private Banking and Asset Management Practice. Mr. Kenny Lam also worked with the American law firm Shearman & Sterling in both New York and Hong Kong before. Mr. Kenny Lam is chairman of the Executive Board for Asia of the Wharton School of the University of Pennsylvania. The Board also announces that Ms. Bonnie Lau ("Ms. Bonnie Lau") has tendered her resignation as the Company Secretary of the Company, and accordingly, she will cease to act as the Authorised Representative of the Company pursuant to Rule 3.05 of the Listing Rules and for accepting service of process and notice on behalf of the Company under Part 16 of the Companies Ordinance, Chapter 622 of the Laws of Hong Kong (the "Authorised Representative"), all with effect from 28 November 2025. The Board further announces that Ms. Lok Wai ("Ms. Noel Lok") has been appointed as the Company Secretary of the Company and the Authorised Representative in place of Ms. Bonnie Lau, with effect from 28 November 2025. Ms. Noel Lok is currently the Chief Financial Officer of the Company and its subsidiaries. She graduated from The Hong Kong University of Science and Technology Business School and began her professional career at PricewaterhouseCoopers. She is a fellow member of The Association of the Chartered Certified Accountants, a member of The Hong Kong Institute of Certified Public Accountants and an associate member of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom. Ms. Noel Lok also holds a leadership position in Finance at SHKP Group. Prior to joining the Company and SHKP Group, she spent over 14 years with the Swire Group, where she held varioussenior roles overseeing finance, corporate governance and company secretarial functions. Upcoming Dividend • Oct 28
Upcoming dividend of HK$0.12 per share Eligible shareholders must have bought the stock before 04 November 2025. Payment date: 20 November 2025. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Hong Kong dividend payers (6.7%). Higher than average of industry peers (1.8%). Price Target Changed • Sep 10
Price target decreased by 8.0% to HK$9.37 Down from HK$10.19, the current price target is an average from 7 analysts. New target price is 39% above last closing price of HK$6.73. Stock is up 107% over the past year. The company is forecast to post earnings per share of HK$0.29 for next year compared to HK$0.24 last year. Major Estimate Revision • Sep 09
Consensus revenue estimates fall by 12% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from HK$3.78b to HK$3.31b. EPS estimate fell from HK$0.326 to HK$0.279 per share. Net income forecast to grow 18% next year vs 20% growth forecast for IT industry in Hong Kong. Consensus price target down from HK$10.19 to HK$9.69. Share price fell 18% to HK$6.68 over the past week. Declared Dividend • Sep 04
Dividend increased to HK$0.12 Dividend of HK$0.12 is 7.1% higher than last year. Ex-date: 4th November 2025 Payment date: 20th November 2025 Dividend yield will be 1.8%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 61% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Sep 03
SUNeVision Holdings Ltd. announces Annual dividend, payable on November 20, 2025 SUNeVision Holdings Ltd. announced Annual dividend of HKD 0.1200 per share payable on November 20, 2025, ex-date on November 04, 2025 and record date on November 05, 2025. Reported Earnings • Sep 03
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: HK$0.24 (up from HK$0.22 in FY 2024). Revenue: HK$2.94b (up 9.9% from FY 2024). Net income: HK$979.4m (up 8.0% from FY 2024). Profit margin: 33% (in line with FY 2024). Revenue missed analyst estimates by 7.1%. Earnings per share (EPS) also missed analyst estimates by 5.5%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Sep 02
SUNeVision Holdings Ltd., Annual General Meeting, Oct 31, 2025 SUNeVision Holdings Ltd., Annual General Meeting, Oct 31, 2025. Annonce • Aug 12
SUNeVision Holdings Ltd. to Report Fiscal Year 2025 Results on Sep 02, 2025 SUNeVision Holdings Ltd. announced that they will report fiscal year 2025 results on Sep 02, 2025 Recent Insider Transactions • May 27
COO & Executive Director recently sold HK$576k worth of stock On the 21st of May, Man-Yuen Chan sold around 89k shares on-market at roughly HK$6.47 per share. This transaction amounted to 88% 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 Man-Yuen's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$5.77, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the IT industry in Asia. Total returns to shareholders of 2.0% over the past three years. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to HK$7.84, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 21x in the IT industry in Asia. Total returns to shareholders of 34% over the past three years. Reported Earnings • Feb 27
First half 2025 earnings released: EPS: HK$0.12 (vs HK$0.11 in 1H 2024) First half 2025 results: EPS: HK$0.12 (up from HK$0.11 in 1H 2024). Revenue: HK$1.47b (up 14% from 1H 2024). Net income: HK$484.0m (up 11% from 1H 2024). Profit margin: 33% (in line with 1H 2024). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the IT industry in Asia. 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 10% per year. Price Target Changed • Feb 18
Price target increased by 17% to HK$5.88 Up from HK$5.02, the current price target is an average from 5 analysts. New target price is 21% below last closing price of HK$7.42. Stock is up 170% over the past year. The company is forecast to post earnings per share of HK$0.24 for next year compared to HK$0.22 last year. New Risk • Feb 14
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 10.0% 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 Debt is not well covered by operating cash flow (9.7% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (10.0% average weekly change). Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$4.50, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 22x in the IT industry in Asia. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$1.88 per share. Annonce • Feb 06
SUNeVision Holdings Ltd. to Report First Half, 2025 Results on Feb 25, 2025 SUNeVision Holdings Ltd. announced that they will report first half, 2025 results on Feb 25, 2025 Upcoming Dividend • Oct 29
Upcoming dividend of HK$0.11 per share Eligible shareholders must have bought the stock before 05 November 2024. Payment date: 21 November 2024. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Hong Kong dividend payers (7.9%). Higher than average of industry peers (2.4%). Price Target Changed • Oct 09
Price target increased by 11% to HK$5.00 Up from HK$4.52, the current price target is an average from 5 analysts. New target price is 34% above last closing price of HK$3.72. Stock is up 12% over the past year. The company is forecast to post earnings per share of HK$0.24 for next year compared to HK$0.22 last year. Price Target Changed • Sep 04
Price target increased by 10% to HK$4.52 Up from HK$4.10, the current price target is an average from 5 analysts. New target price is 37% above last closing price of HK$3.29. Stock is down 7.8% over the past year. The company is forecast to post earnings per share of HK$0.24 for next year compared to HK$0.22 last year. Declared Dividend • Aug 31
Dividend of HK$0.11 announced Dividend of HK$0.11 is the same as last year. Ex-date: 5th November 2024 Payment date: 21st November 2024 Dividend yield will be 3.3%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 30
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: HK$0.22 (up from HK$0.22 in FY 2023). Revenue: HK$2.67b (up 14% from FY 2023). Net income: HK$907.2m (flat on FY 2023). Profit margin: 34% (down from 39% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) exceeded analyst estimates by 1.7%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 13% growth forecast for the IT industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Annonce • Aug 12
SUNeVision Holdings Ltd. to Report Fiscal Year 2024 Results on Aug 29, 2024 SUNeVision Holdings Ltd. announced that they will report fiscal year 2024 results at 4:00 PM, China Standard Time on Aug 29, 2024 Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to HK$2.98, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 20x in the IT industry in Asia. Total loss to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$1.74 per share. Annonce • Apr 20
SUNeVision Holdings Ltd. Appoints Professor Jack LAU as an Independent Non-Executive Director The board of Directors of SUNeVision Holdings Ltd. announced that Professor Jack LAU ("Professor Lau") has been appointed as an Independent Non-Executive Director of the Company with effect from 19 April 2024 (the "Appointment"). Professor Lau, aged 56, received his Bachelor's and Master's degrees in Electrical Engineering and Computer Sciences from the University of California, Berkeley, and obtained his Ph.D. degree in Electrical and Electronic Engineering from The Hong Kong University of Science and Technology ("HKUST") in 1994. He then continued his post-doctoral research at Stanford University and completed his Executive Master of Business Administration program of Northwestern University Kellogg-HKUST in 2010. Professor Lau is an Adjunct Professor of the Department of Electronic and Computer Engineering at HKUST and also a Court member of HKUST. He is the President of Qatar Science and Technology Park. Professor Lau is a member of the Listing Committee of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and the Appeal Tribunal Panel (Buildings) of the Development Bureau of the Government of the Hong Kong Special Administrative Region. Price Target Changed • Mar 01
Price target decreased by 16% to HK$4.28 Down from HK$5.08, the current price target is an average from 5 analysts. New target price is 67% above last closing price of HK$2.57. Stock is down 45% over the past year. The company is forecast to post earnings per share of HK$0.23 for next year compared to HK$0.22 last year. Reported Earnings • Feb 29
First half 2024 earnings released: EPS: HK$0.11 (vs HK$0.11 in 1H 2023) First half 2024 results: EPS: HK$0.11 (in line with 1H 2023). Revenue: HK$1.29b (up 16% from 1H 2023). Net income: HK$435.4m (flat on 1H 2023). Profit margin: 34% (down from 39% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 14% growth forecast for the IT industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Annonce • Feb 08
SUNeVision Holdings Ltd. to Report Q2, 2024 Results on Feb 27, 2024 SUNeVision Holdings Ltd. announced that they will report Q2, 2024 results on Feb 27, 2024 Upcoming Dividend • Oct 24
Upcoming dividend of HK$0.11 per share at 3.7% yield Eligible shareholders must have bought the stock before 31 October 2023. Payment date: 23 November 2023. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Hong Kong dividend payers (8.2%). Higher than average of industry peers (2.6%). Annonce • Sep 23
SUNeVision Holdings Ltd., Annual General Meeting, Oct 27, 2023 SUNeVision Holdings Ltd., Annual General Meeting, Oct 27, 2023, at 12:00 China Standard Time. Location: 4th Floor and 53rd Floor, Sun Hung Kai Centre 30 Harbour Road, Hong Kong Hong Kong Hong Kong Agenda: To receive and consider the audited consolidated financial statements, the Directors' report and the independent auditor's report for the year ended 30 June 2023; to declare a final dividend; to re-elect Directors; to re-appoint Deloitte Touche Tohmatsu as auditor and to authorise the board of Directors to fix its remuneration; to grant a general mandate to the Directors to issue new shares; to grant a general mandate to the Directors to repurchase shares; to extend the general mandate to issue new shares by adding the number of shares repurchased. Annonce • Sep 01
SUNeVision Holdings Ltd. Proposes Final Dividend for the Year Ended 30 June 2023, Payable on 23 November 2023 SUNeVision Holdings Ltd. proposed Final dividend of HKD 0.112 per share for the year ended 30 June 2023. Ex-dividend date is 31 October 2023. Record date is 02 November 2023. Payment date is 23 November 2023. Reported Earnings • Sep 01
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: HK$0.22 (up from HK$0.21 in FY 2022). Revenue: HK$2.35b (up 13% from FY 2022). Net income: HK$905.4m (up 6.9% from FY 2022). Profit margin: 39% (down from 41% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 3.4%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Asia. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Annonce • Aug 15
SUNeVision Holdings Ltd. to Report Fiscal Year 2023 Results on Aug 31, 2023 SUNeVision Holdings Ltd. announced that they will report fiscal year 2023 results on Aug 31, 2023 Price Target Changed • Feb 22
Price target decreased by 12% to HK$7.10 Down from HK$8.03, the current price target is an average from 4 analysts. New target price is 52% above last closing price of HK$4.66. Stock is down 35% over the past year. The company is forecast to post earnings per share of HK$0.18 for next year compared to HK$0.21 last year. Reported Earnings • Feb 22
First half 2023 earnings released: EPS: HK$10.67 (vs HK$0.10 in 1H 2022) First half 2023 results: EPS: HK$10.67 (up from HK$0.10 in 1H 2022). Revenue: HK$1.11b (up 11% from 1H 2022). Net income: HK$433.1m (up 5.6% from 1H 2022). Profit margin: 39% (down from 41% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 19% growth forecast for the IT industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Annonce • Feb 04
SUNeVision Holdings Ltd. to Report First Half, 2023 Results on Feb 21, 2023 SUNeVision Holdings Ltd. announced that they will report first half, 2023 results on Feb 21, 2023 Price Target Changed • Nov 16
Price target decreased to HK$7.94 Down from HK$8.64, the current price target is an average from 5 analysts. New target price is 85% above last closing price of HK$4.29. Stock is down 40% over the past year. The company is forecast to post earnings per share of HK$0.22 for next year compared to HK$0.21 last year. Upcoming Dividend • Oct 25
Upcoming dividend of HK$0.21 per share Eligible shareholders must have bought the stock before 01 November 2022. Payment date: 24 November 2022. Payout ratio is on the higher end at 100% but the company is not cash flow positive. Trailing yield: 5.3%. Lower than top quartile of Hong Kong dividend payers (9.2%). Higher than average of industry peers (2.1%). Recent Insider Transactions • Sep 14
CEO & Executive Director recently bought HK$250k worth of stock On the 7th of September, Kwok Kong Tong bought around 50k shares on-market at roughly HK$5.00 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Kwok Kong has been a buyer over the last 12 months, purchasing a net total of HK$495k worth in shares. Major Estimate Revision • Sep 08
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from HK$2.65b to HK$2.53b. EPS estimate also fell from HK$0.25 per share to HK$0.22 per share. Net income forecast to shrink 7.7% next year vs 70% growth forecast for IT industry in Hong Kong . Consensus price target down from HK$9.64 to HK$8.90. Share price fell 3.0% to HK$4.87 over the past week. Price Target Changed • Sep 03
Price target decreased to HK$8.90 Down from HK$9.64, the current price target is an average from 5 analysts. New target price is 71% above last closing price of HK$5.20. Stock is down 36% over the past year. The company is forecast to post earnings per share of HK$0.22 for next year compared to HK$0.21 last year. Reported Earnings • Sep 02
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: HK$0.21 (up from HK$0.19 in FY 2021). Revenue: HK$2.09b (up 11% from FY 2021). Net income: HK$846.8m (up 7.5% from FY 2021). Profit margin: 41% (down from 42% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 27%, compared to a 31% growth forecast for the IT industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.