Smart-Core Holdings（2166）株式概要投資持株会社であるスマートコア・ホールディングス・リミテッドは、香港、中華人民共和国、シンガポール、日本、および国際的に集積回路やその他の電子部品を販売している。 詳細2166 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績3/6財務の健全性5/6配当金2/6報酬株価収益率（ 14.8 x）は、 Electronic業界平均（ 17.2 x）を下回っています。過去1年間で収益は60.8%増加しました リスク分析Hong Kong市場と比較して、過去 3 か月間の株価の変動が非常に大きい過去5年間で収益は年間8.6%減少しました。 高いレベルの非現金収入 3.26%の配当はフリーキャッシュフローで十分にカバーされていない すべてのリスクチェックを見る2166 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW482,450 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINROAG482,450 investors already sharing narrativesYour Fair ValueHK$Current PriceHK$5.22183.7% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture010b2016201920222025202620282031Revenue HK$3.4bEarnings HK$82.9mAdvancedSet Fair ValueView all narrativesSmart-Core Holdings Limited 競合他社Changhong Jiahua HoldingsSymbol: SEHK:3991Market cap: HK$1.9bS.A.S. Dragon HoldingsSymbol: SEHK:1184Market cap: HK$5.1bPangaea Connectivity TechnologySymbol: SEHK:1473Market cap: HK$1.6bIngdanSymbol: SEHK:400Market cap: HK$6.8b価格と性能株価の高値、安値、推移の概要Smart-Core Holdings過去の株価現在の株価HK$5.2252週高値HK$6.9552週安値HK$1.67ベータ0.951ヶ月の変化42.23%3ヶ月変化85.77%1年変化194.92%3年間の変化169.07%5年間の変化252.70%IPOからの変化190.00%最新ニュースValuation Update With 7 Day Price Move • Jul 09Investor sentiment improves as stock rises 32%After last week's 32% share price gain to HK$6.31, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 19x in the Electronic industry in Hong Kong. Total returns to shareholders of 292% over the past three years.New Risk • Jun 25New major risk - Share price stabilityThe 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 8.6% per year over the past 5 years. High level of non-cash earnings (42% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Valuation Update With 7 Day Price Move • Jun 23Investor sentiment improves as stock rises 20%After last week's 20% share price gain to HK$4.41, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 19x in the Electronic industry in Hong Kong. Total returns to shareholders of 149% over the past three years.Valuation Update With 7 Day Price Move • May 27Investor sentiment improves as stock rises 27%After last week's 27% share price gain to HK$5.71, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 17x in the Electronic industry in Hong Kong. Total returns to shareholders of 268% over the past three years.Upcoming Dividend • May 25Upcoming dividend of HK$0.14 per shareEligible shareholders must have bought the stock before 01 June 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Hong Kong dividend payers (6.9%). Higher than average of industry peers (2.5%).New Risk • May 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 8.6% per year over the past 5 years. High level of non-cash earnings (42% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (11% average weekly change).最新情報をもっと見るRecent updatesValuation Update With 7 Day Price Move • Jul 09Investor sentiment improves as stock rises 32%After last week's 32% share price gain to HK$6.31, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 19x in the Electronic industry in Hong Kong. Total returns to shareholders of 292% over the past three years.New Risk • Jun 25New major risk - Share price stabilityThe 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 8.6% per year over the past 5 years. High level of non-cash earnings (42% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Valuation Update With 7 Day Price Move • Jun 23Investor sentiment improves as stock rises 20%After last week's 20% share price gain to HK$4.41, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 19x in the Electronic industry in Hong Kong. Total returns to shareholders of 149% over the past three years.Valuation Update With 7 Day Price Move • May 27Investor sentiment improves as stock rises 27%After last week's 27% share price gain to HK$5.71, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 17x in the Electronic industry in Hong Kong. Total returns to shareholders of 268% over the past three years.Upcoming Dividend • May 25Upcoming dividend of HK$0.14 per shareEligible shareholders must have bought the stock before 01 June 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Hong Kong dividend payers (6.9%). Higher than average of industry peers (2.5%).New Risk • May 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 8.6% per year over the past 5 years. High level of non-cash earnings (42% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (11% average weekly change).Valuation Update With 7 Day Price Move • May 05Investor sentiment improves as stock rises 28%After last week's 28% share price gain to HK$3.71, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 15x in the Electronic industry in Hong Kong. Total returns to shareholders of 126% over the past three years.分析記事 • Apr 24Smart-Core Holdings' (HKG:2166) Earnings Are Of Questionable QualitySmart-Core Holdings Limited ( HKG:2166 ) announced strong profits, but the stock was stagnant. Our analysis suggests...Board Change • Apr 22Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-executive Director Chen Lin was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Declared Dividend • Apr 02Final dividend increased to HK$0.14Dividend of HK$0.14 is 40% higher than last year. Ex-date: 1st June 2026 Payment date: 26th June 2026 Dividend yield will be 6.2%, which is higher than the industry average of 4.2%. Sustainability & Growth The dividend has increased by an average of 14% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 19% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Mar 31Smart-Core Holdings Limited, Annual General Meeting, May 22, 2026Smart-Core Holdings Limited, Annual General Meeting, May 22, 2026.お知らせ • Mar 13Smart-Core Holdings Limited to Report Fiscal Year 2025 Results on Mar 31, 2026Smart-Core Holdings Limited announced that they will report fiscal year 2025 results on Mar 31, 2026分析記事 • Jan 09Subdued Growth No Barrier To Smart-Core Holdings Limited (HKG:2166) With Shares Advancing 33%Smart-Core Holdings Limited ( HKG:2166 ) shareholders have had their patience rewarded with a 33% share price jump in...Buy Or Sell Opportunity • Jan 07Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to HK$2.45. The fair value is estimated to be HK$2.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 34% over the last 3 years. Earnings per share has declined by 28%.分析記事 • Jan 05Calculating The Fair Value Of Smart-Core Holdings Limited (HKG:2166)Key Insights The projected fair value for Smart-Core Holdings is HK$2.02 based on Dividend Discount Model With HK$2.19...New Risk • Sep 24New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 5.4% per year over the past 5 years. High level of non-cash earnings (26% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Valuation Update With 7 Day Price Move • Sep 11Investor sentiment improves as stock rises 15%After last week's 15% share price gain to HK$1.94, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 12x in the Electronic industry in Hong Kong. Total returns to shareholders of 16% over the past three years.Reported Earnings • Sep 03First half 2025 earnings released: EPS: HK$0.10 (vs HK$0.077 in 1H 2024)First half 2025 results: EPS: HK$0.10 (up from HK$0.077 in 1H 2024). Revenue: HK$2.80b (up 6.6% from 1H 2024). Net income: HK$48.5m (up 33% from 1H 2024). Profit margin: 1.7% (up from 1.4% in 1H 2024). The increase in margin 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 3% per year, which means it has not declined as severely as earnings.分析記事 • Sep 01Smart-Core Holdings' (HKG:2166) Dividend Will Be HK$0.03Smart-Core Holdings Limited ( HKG:2166 ) will pay a dividend of HK$0.03 on the 30th of September. This will take the...Declared Dividend • Aug 31First half dividend increased to HK$0.03Dividend of HK$0.03 is 50% higher than last year. Ex-date: 15th September 2025 Payment date: 30th September 2025 Dividend yield will be 6.6%, which is higher than the industry average of 4.2%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 15% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.New Risk • Aug 30New major risk - Revenue and earnings growthEarnings have declined by 5.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.8% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.お知らせ • Aug 09Smart-Core Holdings Limited to Report First Half, 2025 Results on Aug 29, 2025Smart-Core Holdings Limited announced that they will report first half, 2025 results on Aug 29, 2025分析記事 • Jul 21Smart-Core Holdings Limited's (HKG:2166) Prospects Need A Boost To Lift SharesSmart-Core Holdings Limited's ( HKG:2166 ) price-to-earnings (or "P/E") ratio of 8.8x might make it look like a buy...Upcoming Dividend • May 26Upcoming dividend of HK$0.10 per shareEligible shareholders must have bought the stock before 02 June 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 7.2%. Lower than top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (3.6%).分析記事 • May 23Smart-Core Holdings (HKG:2166) Will Pay A Larger Dividend Than Last Year At HK$0.10Smart-Core Holdings Limited ( HKG:2166 ) has announced that it will be increasing its dividend from last year's...お知らせ • May 23Smart-Core Holdings Limited Approves Final Dividend for the Year Ended 31 December 2024Smart-Core Holdings Limited, at the AGM held on 23 May 2025 approved a final dividend of HK 10 cents per share for the year ended 31 December 2024.New Risk • May 15New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: HK$777.9m (US$99.6m) This is considered a minor 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: 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 (HK$777.9m market cap, or US$99.6m).分析記事 • Apr 24Smart-Core Holdings' (HKG:2166) Earnings Offer More Than Meets The EyeSmart-Core Holdings Limited's ( HKG:2166 ) recent earnings report didn't offer any surprises, with the shares unchanged...Declared Dividend • Mar 24Final dividend of HK$0.10 announcedShareholders will receive a dividend of HK$0.10. Ex-date: 2nd June 2025 Payment date: 27th June 2025 Dividend yield will be 7.1%, which is higher than the industry average of 4.2%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 15% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.New Risk • Mar 23New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 12% 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: 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 (HK$756.5m market cap, or US$97.3m).Reported Earnings • Mar 22Full year 2024 earnings released: EPS: HK$0.21 (vs HK$0.15 in FY 2023)Full year 2024 results: EPS: HK$0.21 (up from HK$0.15 in FY 2023). Revenue: HK$4.65b (down 18% from FY 2023). Net income: HK$100.3m (up 41% from FY 2023). Profit margin: 2.2% (up from 1.3% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.お知らせ • Mar 21Smart-Core Holdings Limited, Annual General Meeting, May 23, 2025Smart-Core Holdings Limited, Annual General Meeting, May 23, 2025.お知らせ • Mar 10+ 1 more updateSmart-Core Holdings Limited to Report Fiscal Year 2024 Results on Mar 21, 2025Smart-Core Holdings Limited announced that they will report fiscal year 2024 results at 4:00 PM, China Standard Time on Mar 21, 2025分析記事 • Mar 03Smart-Core Holdings Limited's (HKG:2166) Prospects Need A Boost To Lift SharesWhen close to half the companies in Hong Kong have price-to-earnings ratios (or "P/E's") above 11x, you may consider...New Risk • Feb 20New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: HK$775.3m (US$99.7m) This is considered a minor 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. This is currently the only risk that has been identified for the company.分析記事 • Dec 17Smart-Core Holdings (HKG:2166) Might Be Having Difficulty Using Its Capital EffectivelyDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...New Risk • Nov 15New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: HK$751.8m (US$96.6m) This is considered a minor 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: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (HK$751.8m market cap, or US$96.6m).分析記事 • Oct 04There's No Escaping Smart-Core Holdings Limited's (HKG:2166) Muted Earnings Despite A 30% Share Price RiseSmart-Core Holdings Limited ( HKG:2166 ) shareholders would be excited to see that the share price has had a great...分析記事 • Oct 04Smart-Core Holdings Limited's (HKG:2166) Share Price Boosted 30% But Its Business Prospects Need A Lift TooSmart-Core Holdings Limited ( HKG:2166 ) shares have had a really impressive month, gaining 30% after a shaky period...Valuation Update With 7 Day Price Move • Oct 04Investor sentiment improves as stock rises 16%After last week's 16% share price gain to HK$1.63, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 9x in the Electronic industry in Hong Kong. Total returns to shareholders of 46% over the past three years.Upcoming Dividend • Sep 02Upcoming dividend of HK$0.02 per shareEligible shareholders must have bought the stock before 09 September 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Hong Kong dividend payers (8.3%). In line with average of industry peers (3.5%).Reported Earnings • Aug 27First half 2024 earnings released: EPS: HK$0.077 (vs HK$0.027 in 1H 2023)First half 2024 results: EPS: HK$0.077 (up from HK$0.027 in 1H 2023). Revenue: HK$2.62b (down 18% from 1H 2023). Net income: HK$36.3m (up 187% from 1H 2023). Profit margin: 1.4% (up from 0.4% in 1H 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.お知らせ • Aug 26Smart-Core Holdings Limited Announces Interim Dividend for the Six Months Ended 30 June 2024, Payable on September 27, 2024Smart-Core Holdings Limited announced interim dividend of HKD 0.02 per share for the six months ended 30 June 2024. Ex-dividend date: 09 September 2024. Record date: 13 September 2024. Payment date: 27 September 2024.お知らせ • Aug 22Smart-Core Holdings Limited Provides Unaudited Earning Guidance for the Six Months Ended 30 June 2024Smart-Core Holdings Limited provided unaudited earning guidance for the six months ended 30 June 2024. For the period, it is expected that the profit attributable to owners of the Company for the Period will record an increase of no less than HKD 23 million, representing an increase of no less than 180%, as compared with the profit attributable to owners of the Company for the six months ended 30 June 2023. The growth in the profit attributable to owners of the Company for the Period is mainly due to decrease in finance costs. During the Period, the Group had efficiently controlled and improved the inventory and debtor turnover rates, as a result, less bank and other borrowings were used for the business of the Group.Valuation Update With 7 Day Price Move • Aug 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to HK$1.22, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 9x in the Electronic industry in Hong Kong. Total loss to shareholders of 11% over the past three years.お知らせ • Aug 09Smart-Core Holdings Limited to Report Q2, 2024 Results on Aug 29, 2024Smart-Core Holdings Limited announced that they will report Q2, 2024 results on Aug 29, 2024分析記事 • Jul 16The Returns On Capital At Smart-Core Holdings (HKG:2166) Don't Inspire ConfidenceThere are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to...Buy Or Sell Opportunity • Jul 11Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to HK$1.23. The fair value is estimated to be HK$1.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 15%.Upcoming Dividend • May 27Upcoming dividend of HK$0.05 per shareEligible shareholders must have bought the stock before 03 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Hong Kong dividend payers (7.6%). Higher than average of industry peers (3.1%).お知らせ • May 25Smart-Core Holdings Limited Declares Final Dividend for the Year Ended 31 December 2023Smart-Core Holdings Limited announced that at the AGM was held on 24 May 2024, the company declared final dividend of 5 HK cents per share for the year ended 31 December 2023.分析記事 • May 21Smart-Core Holdings' (HKG:2166) Shareholders Will Receive A Smaller Dividend Than Last YearSmart-Core Holdings Limited ( HKG:2166 ) is reducing its dividend from last year's comparable payment to HK$0.05 on the...分析記事 • Apr 24Smart-Core Holdings (HKG:2166) Is Paying Out Less In Dividends Than Last YearSmart-Core Holdings Limited ( HKG:2166 ) has announced that on 28th of June, it will be paying a dividend ofHK$0.05...Reported Earnings • Apr 21Full year 2023 earnings released: EPS: HK$0.15 (vs HK$0.34 in FY 2022)Full year 2023 results: EPS: HK$0.15 (down from HK$0.34 in FY 2022). Revenue: HK$5.67b (down 43% from FY 2022). Net income: HK$71.1m (down 57% from FY 2022). Profit margin: 1.3% (down from 1.6% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Apr 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to HK$1.40, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 9x in the Electronic industry in Hong Kong. Total returns to shareholders of 42% over the past three years.分析記事 • Mar 25Smart-Core Holdings' (HKG:2166) Shareholders Will Receive A Smaller Dividend Than Last YearSmart-Core Holdings Limited ( HKG:2166 ) is reducing its dividend from last year's comparable payment to HK$0.05 on the...お知らせ • Mar 23Smart-Core Holdings Limited, Annual General Meeting, May 24, 2024Smart-Core Holdings Limited, Annual General Meeting, May 24, 2024. Agenda: To approve final dividend for fiscal 2023.Reported Earnings • Mar 23Full year 2023 earnings released: EPS: HK$0.15 (vs HK$0.34 in FY 2022)Full year 2023 results: EPS: HK$0.15 (down from HK$0.34 in FY 2022). Revenue: HK$5.67b (down 43% from FY 2022). Net income: HK$71.1m (down 57% from FY 2022). Profit margin: 1.3% (down from 1.6% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.お知らせ • Mar 08Smart-Core Holdings Limited to Report Fiscal Year 2023 Results on Mar 22, 2024Smart-Core Holdings Limited announced that they will report fiscal year 2023 results on Mar 22, 2024分析記事 • Mar 04Here's What To Make Of Smart-Core Holdings' (HKG:2166) Decelerating Rates Of ReturnIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...Valuation Update With 7 Day Price Move • Jan 17Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to HK$1.18, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 7x in the Electronic industry in Hong Kong. Total returns to shareholders of 13% over the past three years.お知らせ • Dec 05Smart-Core Holdings Limited Appoints Xue Chun as Independent Non-Executive Director and Member of the Audit CommitteeThe Board of Smart-Core Holdings Limited announced that Dr. Xue Chun has been appointed as an independent non-executive Director and a member of the Audit Committee with effect from 4 December 2023. Dr. Xue, aged 49, has more than 25 years' of experience in the field of computer sciences and machine learning systems. Dr. Xue obtained a bachelor of science in computer science engineering in May 1997 from the University of Texas at Arlington, a master of science in computer science in December 2002 and a PhD in computer science in May 2007 from the University of Texas at Dallas. He has been working at the Department of Computer Science at the City University of Hong Kong since July 2007 where he was an assistant professor and was then promoted to an associate professor in July 2016. He is currently a professor at the City University of Hong Kong since March 2022. Following the appointment of Dr. Xue, (i) the Board comprises three independent non- executive Directors and the Company has appointed independent non-executive Directors representing a minimum of one-third of the Board as required under Rules 3.10(1) and 3.10A of the Listing Rules; and (ii) the Audit Committee comprises three members which fulfils the requirement under Rule 3.21 of the Listing Rules and the terms of reference of the Audit Committee.New Risk • Nov 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 9.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (HK$771.3m market cap, or US$99.0m).Valuation Update With 7 Day Price Move • Nov 17Investor sentiment improves as stock rises 22%After last week's 22% share price gain to HK$1.49, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 7x in the Electronic industry in Hong Kong. Total returns to shareholders of 35% over the past three years.分析記事 • Nov 15Returns At Smart-Core Holdings (HKG:2166) Appear To Be Weighed DownIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...Valuation Update With 7 Day Price Move • Sep 07Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to HK$1.22, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 8x in the Electronic industry in Hong Kong. Total returns to shareholders of 9.6% over the past three years.お知らせ • Sep 05Smart-Core Holdings Limited Announces Redesignation of Mr. Zheng Gang from Being an Independent Non-Executive Director to an Executive DirectorThe board of directors of Smart-Core Holdings Limited announced that with effect from 4 September 2023: Mr. Zheng Gang has been redesignated from being an independent non-executive Director to an executive Director, and ceased to be the members of each of the audit committee of the Board and remuneration committee of the Board; and Ms. Xu Wei, an independent non-executive Director, has been appointed as the chairman of the Remuneration Committee. The biographical details of Mr. Zheng are set out as follows: Mr. Zheng, aged 55, was appointed as an independent non-executive Director of Company on 16 March 2016. Mr. Zheng has been the executive director of Yield Go Holdings Ltd., a company listed on The Stock Exchange of Hong Kong Limited since 1 October 2022. He was the executive director of Good Fellow Healthcare Holdings Limited (formerly known as Hua Xia Healthcare Holdings Limited), a company listed on the Stock Exchange (stock code: 8143) from August 2007 to 22 August 2023, a non-executive director of New Provenance Everlasting Holdings Limited, a company listed on the Stock Exchange from May 2018 to November 2019, and also an independent non-executive director of Opes Asia Development Limited (currently known as China Castson 81 Finance Company Limited), a company listed on the Stock Exchange from July 2012 to May 2013. Mr. Zheng has extensive experience in management in the finance and investment industry. Mr. Zheng obtained a degree in Bachelor of Electronic Engineering from Xiamen University in July 1989 and a degree of Master of Business Administration from University of Wales in April 1994. Save as disclosed above and as at the date of this announcement, Mr. Zheng does not hold any directorship in other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years or any other position with the Company and other members of the Group or other major appointments and professional qualifications.Reported Earnings • Aug 27First half 2023 earnings released: EPS: HK$0.027 (vs HK$0.30 in 1H 2022)First half 2023 results: EPS: HK$0.027 (down from HK$0.30 in 1H 2022). Revenue: HK$3.18b (down 44% from 1H 2022). Net income: HK$12.7m (down 91% from 1H 2022). Profit margin: 0.4% (down from 2.6% in 1H 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.New Risk • Aug 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.4% Last year net profit margin: 2.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (0.4% net profit margin).お知らせ • Aug 20Smart-Core Holdings Limited Provides Unaudited Earnings Guidance for the Six Months Ended 30 June, 2023Smart-Core Holdings Limited provides unaudited earnings guidance for the six months ended 30 June, 2023. For the period, the company expected that the profit attributable to owners of the Company for the Period will record adecrease of approximately 90% as compared to the profit attributable to owners of the Company for the six months ended 30 June 2022 (2022: HKD 145.2 million). The decrease in profit attributable to owners of the Company for the Period is mainly due to the decrease in revenue recorded as a result of the drop in the sales orders received from customers.お知らせ • Aug 09Smart-Core Holdings Limited to Report First Half, 2023 Results on Aug 25, 2023Smart-Core Holdings Limited announced that they will report first half, 2023 results on Aug 25, 2023Valuation Update With 7 Day Price Move • Jun 20Investor sentiment improves as stock rises 15%After last week's 15% share price gain to HK$2.24, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 6x in the Electronic industry in Hong Kong. Total returns to shareholders of 106% over the past three years.Upcoming Dividend • May 29Upcoming dividend of HK$0.06 per share at 5.3% yieldEligible shareholders must have bought the stock before 05 June 2023. Payment date: 23 June 2023. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (3.4%).Reported Earnings • Mar 26Full year 2022 earnings released: EPS: HK$0.34 (vs HK$0.44 in FY 2021)Full year 2022 results: EPS: HK$0.34 (down from HK$0.44 in FY 2021). Revenue: HK$10.0b (down 3.7% from FY 2021). Net income: HK$164.7m (down 23% from FY 2021). Profit margin: 1.6% (down from 2.1% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Dec 28Investor sentiment improved over the past weekAfter last week's 18% share price gain to HK$2.29, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 6x in the Electronic industry in Hong Kong. Total returns to shareholders of 79% over the past three years.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Wei Xu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Sep 02Upcoming dividend of HK$0.04 per shareEligible shareholders must have bought the stock before 09 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 6.2%. Lower than top quartile of Hong Kong dividend payers (8.2%). Higher than average of industry peers (5.6%).分析記事 • Aug 28Smart-Core Holdings (HKG:2166) Is Due To Pay A Dividend Of HK$0.04Smart-Core Holdings Limited ( HKG:2166 ) has announced that it will pay a dividend of HK$0.04 per share on the 30th of...Reported Earnings • Aug 27First half 2022 earnings released: EPS: HK$0.30 (vs HK$0.19 in 1H 2021)First half 2022 results: EPS: HK$0.30 (up from HK$0.19 in 1H 2021). Revenue: HK$5.66b (up 15% from 1H 2021). Net income: HK$145.2m (up 54% from 1H 2021). Profit margin: 2.6% (up from 1.9% in 1H 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 26Smart-Core Holdings Limited Announces Interim Dividend for the Six Months Ended 30 June 2022, Payable on September 30, 2022Smart-Core Holdings Limited announced Interim dividend of HKD 0.04 per share for the Six Months Ended 30 June 2022. Ex-dividend date is 12 September 2022. Record date is 16 September 2022. Payment date is 30 September 2022.お知らせ • May 26Smart-Core Holdings Limited Approves Final Dividend for the Year Ended 31 December 2021Smart-Core Holdings Limited approved final dividend of HK 8 cents per share for the year ended 31 December 2021 at its annual general meeting held on May 25, 2022.Upcoming Dividend • May 24Upcoming dividend of HK$0.08 per shareEligible shareholders must have bought the stock before 31 May 2022. Payment date: 24 June 2022. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 10%. Within top quartile of Hong Kong dividend payers (7.8%). Higher than average of industry peers (5.1%).分析記事 • May 19Smart-Core Holdings (HKG:2166) Has Announced That It Will Be Increasing Its Dividend To HK$0.08Smart-Core Holdings Limited's ( HKG:2166 ) dividend will be increasing to HK$0.08 on 24th of June. This will take the...Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Wei Xu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 03Full year 2021 earnings released: EPS: HK$0.44 (vs HK$0.14 in FY 2020)Full year 2021 results: EPS: HK$0.44 (up from HK$0.14 in FY 2020). Revenue: HK$10.4b (up 88% from FY 2020). Net income: HK$214.1m (up 202% from FY 2020). Profit margin: 2.1% (up from 1.3% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.お知らせ • Apr 01+ 1 more updateSmart-Core Holdings Limited, Annual General Meeting, May 25, 2022Smart-Core Holdings Limited, Annual General Meeting, May 25, 2022.分析記事 • Mar 04Estimating The Intrinsic Value Of Smart-Core Holdings Limited (HKG:2166)Does the March share price for Smart-Core Holdings Limited ( HKG:2166 ) reflect what it's really worth? Today, we will...Executive Departure • Dec 06Executive Director Yan Qing has left the companyOn the 6th of December, Yan Qing's tenure as Executive Director ended after 2.7 years in the role. As of September 2021, Yan still personally held 1.23m shares (HK$1.6m worth at the time). Yan is the only executive to leave the company over the last 12 months.Valuation Update With 7 Day Price Move • Oct 22Investor sentiment improved over the past weekAfter last week's 17% share price gain to HK$1.54, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 9x in the Electronic industry in Hong Kong. Total returns to shareholders of 2.6% over the past three years.分析記事 • Oct 21Here's Why I Think Smart-Core Holdings (HKG:2166) Might Deserve Your Attention TodayLike a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...Upcoming Dividend • Sep 07Upcoming dividend of HK$0.04 per shareEligible shareholders must have bought the stock before 14 September 2021. Payment date: 30 September 2021. Trailing yield: 5.1%. Lower than top quartile of Hong Kong dividend payers (6.5%). Higher than average of industry peers (2.8%).分析記事 • Aug 27Smart-Core Holdings' (HKG:2166) Dividend Will Be Increased To HK$0.04The board of Smart-Core Holdings Limited ( HKG:2166 ) has announced that it will be increasing its dividend on the 30th...Reported Earnings • Aug 27First half 2021 earnings released: EPS HK$0.19 (vs HK$0.061 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: HK$4.91b (up 131% from 1H 2020). Net income: HK$94.6m (up 217% from 1H 2020). Profit margin: 1.9% (up from 1.4% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Aug 12Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to HK$1.64, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 11x in the Electronic industry in Hong Kong. Total returns to shareholders of 17% over the past three years.分析記事 • Jul 28Investors Could Be Concerned With Smart-Core Holdings' (HKG:2166) Returns On CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...Valuation Update With 7 Day Price Move • Jul 28Investor sentiment improved over the past weekAfter last week's 23% share price gain to HK$1.82, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 10x in the Electronic industry in Hong Kong. Total returns to shareholders of 30% over the past three years.株主還元2166HK ElectronicHK 市場7D5.7%-8.0%2.1%1Y194.9%35.0%-3.0%株主還元を見る業界別リターン: 2166過去 1 年間で35 % の収益を上げたHong Kong Electronic業界を上回りました。リターン対市場: 2166過去 1 年間で-3 % の収益を上げたHong Kong市場を上回りました。価格変動Is 2166's price volatile compared to industry and market?2166 volatility2166 Average Weekly Movement18.8%Electronic Industry Average Movement10.1%Market Average Movement7.6%10% most volatile stocks in HK Market16.3%10% least volatile stocks in HK Market3.6%安定した株価: 2166の株価は、 Hong Kong市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 2166の 週次ボラティリティ は、過去 1 年間で11%から19%に増加しました。会社概要設立従業員CEO（最高経営責任者ウェブサイト2005324Weidong Tianwww.smart-core.com.hk投資持株会社であるSmart-Core Holdings Limitedは、香港、中華人民共和国、シンガポール、日本、および国際的に集積回路やその他の電子部品を販売している。同社は公認流通部門と混合流通部門を通じて事業を展開している。同社の製品は、テレビ製品、スマート端末、メモリー製品、オプトエレクトロニック・ディスプレイ、通信、セキュリティ・モニタリング、モノのインターネット、光通信など、様々な用途で使用されている。また、技術ソリューションやサポートサービスの提供、eコマース・プラットフォーム事業、光通信チップの製造も行っている。主な顧客は、消費者向け電子製品製造会社、設計メーカー、電子製品業界の相手先商標製品メーカーなど。Smart-Core Holdings Limitedの前身はSmart-Core Cloud Group Limitedで、2016年8月にSmart-Core Holdings Limitedに社名変更した。同社は2005年に設立され、香港の葵涌に本社を置いている。Smart-Core Holdings LimitedはSmart IC Limitedの子会社として運営されている。もっと見るSmart-Core Holdings Limited 基礎のまとめSmart-Core Holdings の収益と売上を時価総額と比較するとどうか。2166 基礎統計学時価総額HK$2.39b収益（TTM）HK$161.35m売上高(TTM)HK$6.59b14.8xPER（株価収益率0.4xP/Sレシオ2166 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計2166 損益計算書（TTM）収益HK$6.59b売上原価HK$6.18b売上総利益HK$409.53mその他の費用HK$248.18m収益HK$161.35m直近の収益報告Dec 31, 2025次回決算日該当なし一株当たり利益（EPS）0.35グロス・マージン6.21%純利益率2.45%有利子負債／自己資本比率50.0%2166 の長期的なパフォーマンスは？過去の実績と比較を見る配当金3.3%現在の配当利回り49%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/15 02:01終値2026/07/15 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Smart-Core Holdings Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Valuation Update With 7 Day Price Move • Jul 09Investor sentiment improves as stock rises 32%After last week's 32% share price gain to HK$6.31, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 19x in the Electronic industry in Hong Kong. Total returns to shareholders of 292% over the past three years.
New Risk • Jun 25New major risk - Share price stabilityThe 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 8.6% per year over the past 5 years. High level of non-cash earnings (42% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Valuation Update With 7 Day Price Move • Jun 23Investor sentiment improves as stock rises 20%After last week's 20% share price gain to HK$4.41, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 19x in the Electronic industry in Hong Kong. Total returns to shareholders of 149% over the past three years.
Valuation Update With 7 Day Price Move • May 27Investor sentiment improves as stock rises 27%After last week's 27% share price gain to HK$5.71, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 17x in the Electronic industry in Hong Kong. Total returns to shareholders of 268% over the past three years.
Upcoming Dividend • May 25Upcoming dividend of HK$0.14 per shareEligible shareholders must have bought the stock before 01 June 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Hong Kong dividend payers (6.9%). Higher than average of industry peers (2.5%).
New Risk • May 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 8.6% per year over the past 5 years. High level of non-cash earnings (42% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (11% average weekly change).
Valuation Update With 7 Day Price Move • Jul 09Investor sentiment improves as stock rises 32%After last week's 32% share price gain to HK$6.31, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 19x in the Electronic industry in Hong Kong. Total returns to shareholders of 292% over the past three years.
New Risk • Jun 25New major risk - Share price stabilityThe 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 8.6% per year over the past 5 years. High level of non-cash earnings (42% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Valuation Update With 7 Day Price Move • Jun 23Investor sentiment improves as stock rises 20%After last week's 20% share price gain to HK$4.41, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 19x in the Electronic industry in Hong Kong. Total returns to shareholders of 149% over the past three years.
Valuation Update With 7 Day Price Move • May 27Investor sentiment improves as stock rises 27%After last week's 27% share price gain to HK$5.71, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 17x in the Electronic industry in Hong Kong. Total returns to shareholders of 268% over the past three years.
Upcoming Dividend • May 25Upcoming dividend of HK$0.14 per shareEligible shareholders must have bought the stock before 01 June 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Hong Kong dividend payers (6.9%). Higher than average of industry peers (2.5%).
New Risk • May 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 8.6% per year over the past 5 years. High level of non-cash earnings (42% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (11% average weekly change).
Valuation Update With 7 Day Price Move • May 05Investor sentiment improves as stock rises 28%After last week's 28% share price gain to HK$3.71, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 15x in the Electronic industry in Hong Kong. Total returns to shareholders of 126% over the past three years.
分析記事 • Apr 24Smart-Core Holdings' (HKG:2166) Earnings Are Of Questionable QualitySmart-Core Holdings Limited ( HKG:2166 ) announced strong profits, but the stock was stagnant. Our analysis suggests...
Board Change • Apr 22Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-executive Director Chen Lin was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Declared Dividend • Apr 02Final dividend increased to HK$0.14Dividend of HK$0.14 is 40% higher than last year. Ex-date: 1st June 2026 Payment date: 26th June 2026 Dividend yield will be 6.2%, which is higher than the industry average of 4.2%. Sustainability & Growth The dividend has increased by an average of 14% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 19% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 31Smart-Core Holdings Limited, Annual General Meeting, May 22, 2026Smart-Core Holdings Limited, Annual General Meeting, May 22, 2026.
お知らせ • Mar 13Smart-Core Holdings Limited to Report Fiscal Year 2025 Results on Mar 31, 2026Smart-Core Holdings Limited announced that they will report fiscal year 2025 results on Mar 31, 2026
分析記事 • Jan 09Subdued Growth No Barrier To Smart-Core Holdings Limited (HKG:2166) With Shares Advancing 33%Smart-Core Holdings Limited ( HKG:2166 ) shareholders have had their patience rewarded with a 33% share price jump in...
Buy Or Sell Opportunity • Jan 07Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to HK$2.45. The fair value is estimated to be HK$2.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 34% over the last 3 years. Earnings per share has declined by 28%.
分析記事 • Jan 05Calculating The Fair Value Of Smart-Core Holdings Limited (HKG:2166)Key Insights The projected fair value for Smart-Core Holdings is HK$2.02 based on Dividend Discount Model With HK$2.19...
New Risk • Sep 24New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 5.4% per year over the past 5 years. High level of non-cash earnings (26% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Valuation Update With 7 Day Price Move • Sep 11Investor sentiment improves as stock rises 15%After last week's 15% share price gain to HK$1.94, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 12x in the Electronic industry in Hong Kong. Total returns to shareholders of 16% over the past three years.
Reported Earnings • Sep 03First half 2025 earnings released: EPS: HK$0.10 (vs HK$0.077 in 1H 2024)First half 2025 results: EPS: HK$0.10 (up from HK$0.077 in 1H 2024). Revenue: HK$2.80b (up 6.6% from 1H 2024). Net income: HK$48.5m (up 33% from 1H 2024). Profit margin: 1.7% (up from 1.4% in 1H 2024). The increase in margin 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 3% per year, which means it has not declined as severely as earnings.
分析記事 • Sep 01Smart-Core Holdings' (HKG:2166) Dividend Will Be HK$0.03Smart-Core Holdings Limited ( HKG:2166 ) will pay a dividend of HK$0.03 on the 30th of September. This will take the...
Declared Dividend • Aug 31First half dividend increased to HK$0.03Dividend of HK$0.03 is 50% higher than last year. Ex-date: 15th September 2025 Payment date: 30th September 2025 Dividend yield will be 6.6%, which is higher than the industry average of 4.2%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 15% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
New Risk • Aug 30New major risk - Revenue and earnings growthEarnings have declined by 5.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.8% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
お知らせ • Aug 09Smart-Core Holdings Limited to Report First Half, 2025 Results on Aug 29, 2025Smart-Core Holdings Limited announced that they will report first half, 2025 results on Aug 29, 2025
分析記事 • Jul 21Smart-Core Holdings Limited's (HKG:2166) Prospects Need A Boost To Lift SharesSmart-Core Holdings Limited's ( HKG:2166 ) price-to-earnings (or "P/E") ratio of 8.8x might make it look like a buy...
Upcoming Dividend • May 26Upcoming dividend of HK$0.10 per shareEligible shareholders must have bought the stock before 02 June 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 7.2%. Lower than top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (3.6%).
分析記事 • May 23Smart-Core Holdings (HKG:2166) Will Pay A Larger Dividend Than Last Year At HK$0.10Smart-Core Holdings Limited ( HKG:2166 ) has announced that it will be increasing its dividend from last year's...
お知らせ • May 23Smart-Core Holdings Limited Approves Final Dividend for the Year Ended 31 December 2024Smart-Core Holdings Limited, at the AGM held on 23 May 2025 approved a final dividend of HK 10 cents per share for the year ended 31 December 2024.
New Risk • May 15New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: HK$777.9m (US$99.6m) This is considered a minor 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: 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 (HK$777.9m market cap, or US$99.6m).
分析記事 • Apr 24Smart-Core Holdings' (HKG:2166) Earnings Offer More Than Meets The EyeSmart-Core Holdings Limited's ( HKG:2166 ) recent earnings report didn't offer any surprises, with the shares unchanged...
Declared Dividend • Mar 24Final dividend of HK$0.10 announcedShareholders will receive a dividend of HK$0.10. Ex-date: 2nd June 2025 Payment date: 27th June 2025 Dividend yield will be 7.1%, which is higher than the industry average of 4.2%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 15% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
New Risk • Mar 23New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 12% 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: 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 (HK$756.5m market cap, or US$97.3m).
Reported Earnings • Mar 22Full year 2024 earnings released: EPS: HK$0.21 (vs HK$0.15 in FY 2023)Full year 2024 results: EPS: HK$0.21 (up from HK$0.15 in FY 2023). Revenue: HK$4.65b (down 18% from FY 2023). Net income: HK$100.3m (up 41% from FY 2023). Profit margin: 2.2% (up from 1.3% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
お知らせ • Mar 21Smart-Core Holdings Limited, Annual General Meeting, May 23, 2025Smart-Core Holdings Limited, Annual General Meeting, May 23, 2025.
お知らせ • Mar 10+ 1 more updateSmart-Core Holdings Limited to Report Fiscal Year 2024 Results on Mar 21, 2025Smart-Core Holdings Limited announced that they will report fiscal year 2024 results at 4:00 PM, China Standard Time on Mar 21, 2025
分析記事 • Mar 03Smart-Core Holdings Limited's (HKG:2166) Prospects Need A Boost To Lift SharesWhen close to half the companies in Hong Kong have price-to-earnings ratios (or "P/E's") above 11x, you may consider...
New Risk • Feb 20New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: HK$775.3m (US$99.7m) This is considered a minor 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. This is currently the only risk that has been identified for the company.
分析記事 • Dec 17Smart-Core Holdings (HKG:2166) Might Be Having Difficulty Using Its Capital EffectivelyDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...
New Risk • Nov 15New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: HK$751.8m (US$96.6m) This is considered a minor 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: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (HK$751.8m market cap, or US$96.6m).
分析記事 • Oct 04There's No Escaping Smart-Core Holdings Limited's (HKG:2166) Muted Earnings Despite A 30% Share Price RiseSmart-Core Holdings Limited ( HKG:2166 ) shareholders would be excited to see that the share price has had a great...
分析記事 • Oct 04Smart-Core Holdings Limited's (HKG:2166) Share Price Boosted 30% But Its Business Prospects Need A Lift TooSmart-Core Holdings Limited ( HKG:2166 ) shares have had a really impressive month, gaining 30% after a shaky period...
Valuation Update With 7 Day Price Move • Oct 04Investor sentiment improves as stock rises 16%After last week's 16% share price gain to HK$1.63, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 9x in the Electronic industry in Hong Kong. Total returns to shareholders of 46% over the past three years.
Upcoming Dividend • Sep 02Upcoming dividend of HK$0.02 per shareEligible shareholders must have bought the stock before 09 September 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Hong Kong dividend payers (8.3%). In line with average of industry peers (3.5%).
Reported Earnings • Aug 27First half 2024 earnings released: EPS: HK$0.077 (vs HK$0.027 in 1H 2023)First half 2024 results: EPS: HK$0.077 (up from HK$0.027 in 1H 2023). Revenue: HK$2.62b (down 18% from 1H 2023). Net income: HK$36.3m (up 187% from 1H 2023). Profit margin: 1.4% (up from 0.4% in 1H 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 26Smart-Core Holdings Limited Announces Interim Dividend for the Six Months Ended 30 June 2024, Payable on September 27, 2024Smart-Core Holdings Limited announced interim dividend of HKD 0.02 per share for the six months ended 30 June 2024. Ex-dividend date: 09 September 2024. Record date: 13 September 2024. Payment date: 27 September 2024.
お知らせ • Aug 22Smart-Core Holdings Limited Provides Unaudited Earning Guidance for the Six Months Ended 30 June 2024Smart-Core Holdings Limited provided unaudited earning guidance for the six months ended 30 June 2024. For the period, it is expected that the profit attributable to owners of the Company for the Period will record an increase of no less than HKD 23 million, representing an increase of no less than 180%, as compared with the profit attributable to owners of the Company for the six months ended 30 June 2023. The growth in the profit attributable to owners of the Company for the Period is mainly due to decrease in finance costs. During the Period, the Group had efficiently controlled and improved the inventory and debtor turnover rates, as a result, less bank and other borrowings were used for the business of the Group.
Valuation Update With 7 Day Price Move • Aug 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to HK$1.22, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 9x in the Electronic industry in Hong Kong. Total loss to shareholders of 11% over the past three years.
お知らせ • Aug 09Smart-Core Holdings Limited to Report Q2, 2024 Results on Aug 29, 2024Smart-Core Holdings Limited announced that they will report Q2, 2024 results on Aug 29, 2024
分析記事 • Jul 16The Returns On Capital At Smart-Core Holdings (HKG:2166) Don't Inspire ConfidenceThere are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to...
Buy Or Sell Opportunity • Jul 11Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to HK$1.23. The fair value is estimated to be HK$1.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 15%.
Upcoming Dividend • May 27Upcoming dividend of HK$0.05 per shareEligible shareholders must have bought the stock before 03 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Hong Kong dividend payers (7.6%). Higher than average of industry peers (3.1%).
お知らせ • May 25Smart-Core Holdings Limited Declares Final Dividend for the Year Ended 31 December 2023Smart-Core Holdings Limited announced that at the AGM was held on 24 May 2024, the company declared final dividend of 5 HK cents per share for the year ended 31 December 2023.
分析記事 • May 21Smart-Core Holdings' (HKG:2166) Shareholders Will Receive A Smaller Dividend Than Last YearSmart-Core Holdings Limited ( HKG:2166 ) is reducing its dividend from last year's comparable payment to HK$0.05 on the...
分析記事 • Apr 24Smart-Core Holdings (HKG:2166) Is Paying Out Less In Dividends Than Last YearSmart-Core Holdings Limited ( HKG:2166 ) has announced that on 28th of June, it will be paying a dividend ofHK$0.05...
Reported Earnings • Apr 21Full year 2023 earnings released: EPS: HK$0.15 (vs HK$0.34 in FY 2022)Full year 2023 results: EPS: HK$0.15 (down from HK$0.34 in FY 2022). Revenue: HK$5.67b (down 43% from FY 2022). Net income: HK$71.1m (down 57% from FY 2022). Profit margin: 1.3% (down from 1.6% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Apr 12Investor sentiment improves as stock rises 17%After last week's 17% share price gain to HK$1.40, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 9x in the Electronic industry in Hong Kong. Total returns to shareholders of 42% over the past three years.
分析記事 • Mar 25Smart-Core Holdings' (HKG:2166) Shareholders Will Receive A Smaller Dividend Than Last YearSmart-Core Holdings Limited ( HKG:2166 ) is reducing its dividend from last year's comparable payment to HK$0.05 on the...
お知らせ • Mar 23Smart-Core Holdings Limited, Annual General Meeting, May 24, 2024Smart-Core Holdings Limited, Annual General Meeting, May 24, 2024. Agenda: To approve final dividend for fiscal 2023.
Reported Earnings • Mar 23Full year 2023 earnings released: EPS: HK$0.15 (vs HK$0.34 in FY 2022)Full year 2023 results: EPS: HK$0.15 (down from HK$0.34 in FY 2022). Revenue: HK$5.67b (down 43% from FY 2022). Net income: HK$71.1m (down 57% from FY 2022). Profit margin: 1.3% (down from 1.6% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
お知らせ • Mar 08Smart-Core Holdings Limited to Report Fiscal Year 2023 Results on Mar 22, 2024Smart-Core Holdings Limited announced that they will report fiscal year 2023 results on Mar 22, 2024
分析記事 • Mar 04Here's What To Make Of Smart-Core Holdings' (HKG:2166) Decelerating Rates Of ReturnIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...
Valuation Update With 7 Day Price Move • Jan 17Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to HK$1.18, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 7x in the Electronic industry in Hong Kong. Total returns to shareholders of 13% over the past three years.
お知らせ • Dec 05Smart-Core Holdings Limited Appoints Xue Chun as Independent Non-Executive Director and Member of the Audit CommitteeThe Board of Smart-Core Holdings Limited announced that Dr. Xue Chun has been appointed as an independent non-executive Director and a member of the Audit Committee with effect from 4 December 2023. Dr. Xue, aged 49, has more than 25 years' of experience in the field of computer sciences and machine learning systems. Dr. Xue obtained a bachelor of science in computer science engineering in May 1997 from the University of Texas at Arlington, a master of science in computer science in December 2002 and a PhD in computer science in May 2007 from the University of Texas at Dallas. He has been working at the Department of Computer Science at the City University of Hong Kong since July 2007 where he was an assistant professor and was then promoted to an associate professor in July 2016. He is currently a professor at the City University of Hong Kong since March 2022. Following the appointment of Dr. Xue, (i) the Board comprises three independent non- executive Directors and the Company has appointed independent non-executive Directors representing a minimum of one-third of the Board as required under Rules 3.10(1) and 3.10A of the Listing Rules; and (ii) the Audit Committee comprises three members which fulfils the requirement under Rule 3.21 of the Listing Rules and the terms of reference of the Audit Committee.
New Risk • Nov 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 9.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (HK$771.3m market cap, or US$99.0m).
Valuation Update With 7 Day Price Move • Nov 17Investor sentiment improves as stock rises 22%After last week's 22% share price gain to HK$1.49, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 7x in the Electronic industry in Hong Kong. Total returns to shareholders of 35% over the past three years.
分析記事 • Nov 15Returns At Smart-Core Holdings (HKG:2166) Appear To Be Weighed DownIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...
Valuation Update With 7 Day Price Move • Sep 07Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to HK$1.22, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 8x in the Electronic industry in Hong Kong. Total returns to shareholders of 9.6% over the past three years.
お知らせ • Sep 05Smart-Core Holdings Limited Announces Redesignation of Mr. Zheng Gang from Being an Independent Non-Executive Director to an Executive DirectorThe board of directors of Smart-Core Holdings Limited announced that with effect from 4 September 2023: Mr. Zheng Gang has been redesignated from being an independent non-executive Director to an executive Director, and ceased to be the members of each of the audit committee of the Board and remuneration committee of the Board; and Ms. Xu Wei, an independent non-executive Director, has been appointed as the chairman of the Remuneration Committee. The biographical details of Mr. Zheng are set out as follows: Mr. Zheng, aged 55, was appointed as an independent non-executive Director of Company on 16 March 2016. Mr. Zheng has been the executive director of Yield Go Holdings Ltd., a company listed on The Stock Exchange of Hong Kong Limited since 1 October 2022. He was the executive director of Good Fellow Healthcare Holdings Limited (formerly known as Hua Xia Healthcare Holdings Limited), a company listed on the Stock Exchange (stock code: 8143) from August 2007 to 22 August 2023, a non-executive director of New Provenance Everlasting Holdings Limited, a company listed on the Stock Exchange from May 2018 to November 2019, and also an independent non-executive director of Opes Asia Development Limited (currently known as China Castson 81 Finance Company Limited), a company listed on the Stock Exchange from July 2012 to May 2013. Mr. Zheng has extensive experience in management in the finance and investment industry. Mr. Zheng obtained a degree in Bachelor of Electronic Engineering from Xiamen University in July 1989 and a degree of Master of Business Administration from University of Wales in April 1994. Save as disclosed above and as at the date of this announcement, Mr. Zheng does not hold any directorship in other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years or any other position with the Company and other members of the Group or other major appointments and professional qualifications.
Reported Earnings • Aug 27First half 2023 earnings released: EPS: HK$0.027 (vs HK$0.30 in 1H 2022)First half 2023 results: EPS: HK$0.027 (down from HK$0.30 in 1H 2022). Revenue: HK$3.18b (down 44% from 1H 2022). Net income: HK$12.7m (down 91% from 1H 2022). Profit margin: 0.4% (down from 2.6% in 1H 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
New Risk • Aug 26New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.4% Last year net profit margin: 2.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (0.4% net profit margin).
お知らせ • Aug 20Smart-Core Holdings Limited Provides Unaudited Earnings Guidance for the Six Months Ended 30 June, 2023Smart-Core Holdings Limited provides unaudited earnings guidance for the six months ended 30 June, 2023. For the period, the company expected that the profit attributable to owners of the Company for the Period will record adecrease of approximately 90% as compared to the profit attributable to owners of the Company for the six months ended 30 June 2022 (2022: HKD 145.2 million). The decrease in profit attributable to owners of the Company for the Period is mainly due to the decrease in revenue recorded as a result of the drop in the sales orders received from customers.
お知らせ • Aug 09Smart-Core Holdings Limited to Report First Half, 2023 Results on Aug 25, 2023Smart-Core Holdings Limited announced that they will report first half, 2023 results on Aug 25, 2023
Valuation Update With 7 Day Price Move • Jun 20Investor sentiment improves as stock rises 15%After last week's 15% share price gain to HK$2.24, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 6x in the Electronic industry in Hong Kong. Total returns to shareholders of 106% over the past three years.
Upcoming Dividend • May 29Upcoming dividend of HK$0.06 per share at 5.3% yieldEligible shareholders must have bought the stock before 05 June 2023. Payment date: 23 June 2023. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (3.4%).
Reported Earnings • Mar 26Full year 2022 earnings released: EPS: HK$0.34 (vs HK$0.44 in FY 2021)Full year 2022 results: EPS: HK$0.34 (down from HK$0.44 in FY 2021). Revenue: HK$10.0b (down 3.7% from FY 2021). Net income: HK$164.7m (down 23% from FY 2021). Profit margin: 1.6% (down from 2.1% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Dec 28Investor sentiment improved over the past weekAfter last week's 18% share price gain to HK$2.29, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 6x in the Electronic industry in Hong Kong. Total returns to shareholders of 79% over the past three years.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Wei Xu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Sep 02Upcoming dividend of HK$0.04 per shareEligible shareholders must have bought the stock before 09 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 6.2%. Lower than top quartile of Hong Kong dividend payers (8.2%). Higher than average of industry peers (5.6%).
分析記事 • Aug 28Smart-Core Holdings (HKG:2166) Is Due To Pay A Dividend Of HK$0.04Smart-Core Holdings Limited ( HKG:2166 ) has announced that it will pay a dividend of HK$0.04 per share on the 30th of...
Reported Earnings • Aug 27First half 2022 earnings released: EPS: HK$0.30 (vs HK$0.19 in 1H 2021)First half 2022 results: EPS: HK$0.30 (up from HK$0.19 in 1H 2021). Revenue: HK$5.66b (up 15% from 1H 2021). Net income: HK$145.2m (up 54% from 1H 2021). Profit margin: 2.6% (up from 1.9% in 1H 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 26Smart-Core Holdings Limited Announces Interim Dividend for the Six Months Ended 30 June 2022, Payable on September 30, 2022Smart-Core Holdings Limited announced Interim dividend of HKD 0.04 per share for the Six Months Ended 30 June 2022. Ex-dividend date is 12 September 2022. Record date is 16 September 2022. Payment date is 30 September 2022.
お知らせ • May 26Smart-Core Holdings Limited Approves Final Dividend for the Year Ended 31 December 2021Smart-Core Holdings Limited approved final dividend of HK 8 cents per share for the year ended 31 December 2021 at its annual general meeting held on May 25, 2022.
Upcoming Dividend • May 24Upcoming dividend of HK$0.08 per shareEligible shareholders must have bought the stock before 31 May 2022. Payment date: 24 June 2022. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 10%. Within top quartile of Hong Kong dividend payers (7.8%). Higher than average of industry peers (5.1%).
分析記事 • May 19Smart-Core Holdings (HKG:2166) Has Announced That It Will Be Increasing Its Dividend To HK$0.08Smart-Core Holdings Limited's ( HKG:2166 ) dividend will be increasing to HK$0.08 on 24th of June. This will take the...
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Wei Xu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 03Full year 2021 earnings released: EPS: HK$0.44 (vs HK$0.14 in FY 2020)Full year 2021 results: EPS: HK$0.44 (up from HK$0.14 in FY 2020). Revenue: HK$10.4b (up 88% from FY 2020). Net income: HK$214.1m (up 202% from FY 2020). Profit margin: 2.1% (up from 1.3% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
お知らせ • Apr 01+ 1 more updateSmart-Core Holdings Limited, Annual General Meeting, May 25, 2022Smart-Core Holdings Limited, Annual General Meeting, May 25, 2022.
分析記事 • Mar 04Estimating The Intrinsic Value Of Smart-Core Holdings Limited (HKG:2166)Does the March share price for Smart-Core Holdings Limited ( HKG:2166 ) reflect what it's really worth? Today, we will...
Executive Departure • Dec 06Executive Director Yan Qing has left the companyOn the 6th of December, Yan Qing's tenure as Executive Director ended after 2.7 years in the role. As of September 2021, Yan still personally held 1.23m shares (HK$1.6m worth at the time). Yan is the only executive to leave the company over the last 12 months.
Valuation Update With 7 Day Price Move • Oct 22Investor sentiment improved over the past weekAfter last week's 17% share price gain to HK$1.54, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 9x in the Electronic industry in Hong Kong. Total returns to shareholders of 2.6% over the past three years.
分析記事 • Oct 21Here's Why I Think Smart-Core Holdings (HKG:2166) Might Deserve Your Attention TodayLike a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
Upcoming Dividend • Sep 07Upcoming dividend of HK$0.04 per shareEligible shareholders must have bought the stock before 14 September 2021. Payment date: 30 September 2021. Trailing yield: 5.1%. Lower than top quartile of Hong Kong dividend payers (6.5%). Higher than average of industry peers (2.8%).
分析記事 • Aug 27Smart-Core Holdings' (HKG:2166) Dividend Will Be Increased To HK$0.04The board of Smart-Core Holdings Limited ( HKG:2166 ) has announced that it will be increasing its dividend on the 30th...
Reported Earnings • Aug 27First half 2021 earnings released: EPS HK$0.19 (vs HK$0.061 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: HK$4.91b (up 131% from 1H 2020). Net income: HK$94.6m (up 217% from 1H 2020). Profit margin: 1.9% (up from 1.4% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Aug 12Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to HK$1.64, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 11x in the Electronic industry in Hong Kong. Total returns to shareholders of 17% over the past three years.
分析記事 • Jul 28Investors Could Be Concerned With Smart-Core Holdings' (HKG:2166) Returns On CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...
Valuation Update With 7 Day Price Move • Jul 28Investor sentiment improved over the past weekAfter last week's 23% share price gain to HK$1.82, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 10x in the Electronic industry in Hong Kong. Total returns to shareholders of 30% over the past three years.
