Willas-Array Electronics (Holdings)（854）株式概要ウィラス・アレイ・エレクトロニクス（ホールディングス）リミテッドは投資持株会社で、産業用、オーディオ・ビデオ用、電気通信用、家電用、照明用、電子製造用、自動車用の電子部品の販売と取引を行っている。 詳細854 ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長0/6過去の実績3/6財務の健全性3/6配当金0/6報酬当社が推定した公正価値より94.2%で取引されている 今年は黒字化を達成 リスク分析利払いは収益で十分にカバーされない 意味のある時価総額がありません ( HK$680M )Hong Kong市場と比較した過去 3 か月間の株価の変動すべてのリスクチェックを見る854 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW479,493 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA479,493 investors already sharing narrativesYour Fair ValueHK$Current PriceHK$5.10405.0% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-137m4b2016201920222025202620282031Revenue HK$1.4bEarnings HK$29.9mAdvancedSet Fair ValueView all narrativesWillas-Array Electronics (Holdings) Limited 競合他社SiS International HoldingsSymbol: SEHK:529Market cap: HK$503.1mHunlicar GroupSymbol: SEHK:3638Market cap: HK$583.7mEdvance International HoldingsSymbol: SEHK:1410Market cap: HK$843.5mSmart-Core HoldingsSymbol: SEHK:2166Market cap: HK$1.7b価格と性能株価の高値、安値、推移の概要Willas-Array Electronics (Holdings)過去の株価現在の株価S$5.1052週高値S$17.0052週安値S$4.50ベータ0.611ヶ月の変化-4.67%3ヶ月変化-33.59%1年変化-30.14%3年間の変化88.89%5年間の変化22.89%IPOからの変化-2.43%最新ニュースお知らせ • Jul 21Willas-Array Electronics (Holdings) Limited Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2026Willas-Array Electronics (Holdings) Limited provided consolidated earnings guidance for the six months ended June 30, 2026. Based on the Board's preliminary assessment of the consolidated management accounts of the Group (the "Unaudited Management Accounts") for the six months ended June 30, 2026 (the "Period"), it is expected that the Group is likely to record a consolidated net profit for the Period in the range of HKD 56.5 million to HKD 66.5 million, as compared to a consolidated net profit of approximately HKD 20.7 million for the six months ended June 30, 2025 (the "FY2025 Interim"), and the revenue for the Period is expected to be within the range of HKD 1,470.2 million to HKD 1,480.2 million, representing an increase within the range of approximately 27% to 28%, compared to the revenue for the FY2025 Interim of approximately HKD 1,158.8 million. The Board believes that the significant improvement in the Group's financial performance during the Period is mainly attributable to: (i) the significant improvement in the sales revenue of the Group during the Period as compared with FY2025 Interim primarily due to the Group's electronic components segment experiencing strong domestic demand in China, driven by proactive efforts by management in launching new product lines, acquisition of new customers, and consistently enhancing supplier and client satisfaction; and (ii) exchange gains arising from the appreciation of the Renminbi (against Hong Kong dollars).Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improves as stock rises 19%After last week's 19% share price gain to HK$6.41, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 18x in the Electronic industry in Hong Kong. Total returns to shareholders of 103% over the past three years.New Risk • Apr 30New 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 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (HK$720.9m market cap, or US$92.0m).Valuation Update With 7 Day Price Move • Apr 29Investor sentiment improves as stock rises 17%After last week's 17% share price gain to HK$6.74, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 15x in the Electronic industry in Hong Kong. Total returns to shareholders of 109% over the past three years.Reported Earnings • Mar 01Full year 2025 earnings released: EPS: HK$0.54 (vs HK$0.94 loss in FY 2024)Full year 2025 results: EPS: HK$0.54 (up from HK$0.94 loss in FY 2024). Revenue: HK$2.36b (down 3.3% from FY 2024). Net income: HK$51.0m (up HK$133.1m from FY 2024). Profit margin: 2.2% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 14Willas-Array Electronics (Holdings) Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended December 31, 2025Willas-Array Electronics (Holdings) Limited provided unaudited consolidated earnings guidance for the year ended December 31, 2025. The board of directors of the Company informed the shareholders and potential investors of the Company that, based on the Board's preliminary assessment of the unaudited consolidated management accounts of the Group (the "Unaudited Management Accounts") for the year ended December 31, 2025 (the "FY 2025"), it is expected that the Group is likely to record a consolidated net profit for the Fiscal Year 2025 in the range of HKD 45.0 million to HKD 55.0 million, as compared to a consolidated net loss of approximately HKD 61.6 million for the nine months ended December 31, 2024 (the "Period 2024").最新情報をもっと見るRecent updatesお知らせ • Jul 21Willas-Array Electronics (Holdings) Limited Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2026Willas-Array Electronics (Holdings) Limited provided consolidated earnings guidance for the six months ended June 30, 2026. Based on the Board's preliminary assessment of the consolidated management accounts of the Group (the "Unaudited Management Accounts") for the six months ended June 30, 2026 (the "Period"), it is expected that the Group is likely to record a consolidated net profit for the Period in the range of HKD 56.5 million to HKD 66.5 million, as compared to a consolidated net profit of approximately HKD 20.7 million for the six months ended June 30, 2025 (the "FY2025 Interim"), and the revenue for the Period is expected to be within the range of HKD 1,470.2 million to HKD 1,480.2 million, representing an increase within the range of approximately 27% to 28%, compared to the revenue for the FY2025 Interim of approximately HKD 1,158.8 million. The Board believes that the significant improvement in the Group's financial performance during the Period is mainly attributable to: (i) the significant improvement in the sales revenue of the Group during the Period as compared with FY2025 Interim primarily due to the Group's electronic components segment experiencing strong domestic demand in China, driven by proactive efforts by management in launching new product lines, acquisition of new customers, and consistently enhancing supplier and client satisfaction; and (ii) exchange gains arising from the appreciation of the Renminbi (against Hong Kong dollars).Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improves as stock rises 19%After last week's 19% share price gain to HK$6.41, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 18x in the Electronic industry in Hong Kong. Total returns to shareholders of 103% over the past three years.New Risk • Apr 30New 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 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (HK$720.9m market cap, or US$92.0m).Valuation Update With 7 Day Price Move • Apr 29Investor sentiment improves as stock rises 17%After last week's 17% share price gain to HK$6.74, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 15x in the Electronic industry in Hong Kong. Total returns to shareholders of 109% over the past three years.Reported Earnings • Mar 01Full year 2025 earnings released: EPS: HK$0.54 (vs HK$0.94 loss in FY 2024)Full year 2025 results: EPS: HK$0.54 (up from HK$0.94 loss in FY 2024). Revenue: HK$2.36b (down 3.3% from FY 2024). Net income: HK$51.0m (up HK$133.1m from FY 2024). Profit margin: 2.2% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 14Willas-Array Electronics (Holdings) Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended December 31, 2025Willas-Array Electronics (Holdings) Limited provided unaudited consolidated earnings guidance for the year ended December 31, 2025. The board of directors of the Company informed the shareholders and potential investors of the Company that, based on the Board's preliminary assessment of the unaudited consolidated management accounts of the Group (the "Unaudited Management Accounts") for the year ended December 31, 2025 (the "FY 2025"), it is expected that the Group is likely to record a consolidated net profit for the Fiscal Year 2025 in the range of HKD 45.0 million to HKD 55.0 million, as compared to a consolidated net loss of approximately HKD 61.6 million for the nine months ended December 31, 2024 (the "Period 2024").お知らせ • Feb 12Willas-Array Electronics (Holdings) Limited to Report Fiscal Year 2025 Results on Feb 27, 2026Willas-Array Electronics (Holdings) Limited announced that they will report fiscal year 2025 results on Feb 27, 2026Valuation Update With 7 Day Price Move • Dec 09Investor sentiment improves as stock rises 17%After last week's 17% share price gain to HK$5.61, the stock trades at a trailing P/E ratio of 37.4x. Average trailing P/E is 12x in the Electronic industry in Hong Kong. Total returns to shareholders of 103% over the past three years.Valuation Update With 7 Day Price Move • Sep 25Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to HK$6.43, the stock trades at a trailing P/E ratio of 40.2x. Average trailing P/E is 14x in the Electronic industry in Hong Kong. Total returns to shareholders of 118% over the past three years.Valuation Update With 7 Day Price Move • Aug 25Investor sentiment improves as stock rises 26%After last week's 26% share price gain to HK$12.00, the stock trades at a trailing P/E ratio of 43.1x. Average trailing P/E is 12x in the Electronic industry in Hong Kong. Total returns to shareholders of 249% over the past three years.New Risk • Aug 15New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Shares are highly illiquid. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (HK$520.6m market cap, or US$66.6m).Reported Earnings • Aug 15First half 2025 earnings released: EPS: HK$0.24 (vs HK$0.90 loss in 1H 2024)First half 2025 results: EPS: HK$0.24 (up from HK$0.90 loss in 1H 2024). Revenue: HK$1.16b (down 2.1% from 1H 2024). Net income: HK$20.7m (up HK$99.3m from 1H 2024). Profit margin: 1.8% (up from net loss in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings.お知らせ • Aug 04Willas-Array Electronics (Holdings) Limited to Report First Half, 2025 Results on Aug 14, 2025Willas-Array Electronics (Holdings) Limited announced that they will report first half, 2025 results on Aug 14, 2025Board Change • Jul 17High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Shaoli Huang is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • Jul 15Willas-Array Electronics (Holdings) Limited has completed a Follow-on Equity Offering in the amount of HKD 39.9 million.Willas-Array Electronics (Holdings) Limited has completed a Follow-on Equity Offering in the amount of HKD 39.9 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 15,000,000 Price\Range: HKD 2.66 Transaction Features: Subsequent Direct Listingお知らせ • Jun 30Willas-Array Electronics (Holdings) Limited Appoints Huang Shaoli as Member of Nomination Committee, Effective June 30, 2025Willas-Array Electronics (Holdings) Limited announced appointment of Ms. Huang Shaoli as Member of Nomination Committee. Role And Responsibilities: Non-executive. Job Title: Non-executive Director, Member of Nomination Committee. Working Experience: Vice President, Shanghai YCT Electronics Group Co. Ltd. ("Shanghai YCT") (2010 - 2019) Director, Shanghai YCT (2019 - present). Other DirectorShips Present: Director, Shanghai YCT Electronics Group Co. Ltd. Director, Kunshan Archer Electronics Co. Ltd. Director, Texin (HongKong) Electronics Co. Limited Chairman, Shenzhen E-MANTECH Ltd. Director, Jieyang Xuze Electronic Parts Co. Ltd. Director, Nanjing Shenlichuang Technology Co. Ltd. Director, Shanghai Xuhe Energy Saving Technology Co. Ltd. Director, Shanghai Xuze Electronic Components Co. Ltd. Director, Shanghai YCT Shengxin Engineering Management Co. Ltd. Director, Shenzhen Ouchuangxin Semiconductor Co. Ltd. Director, Sunac Micro (Shanghai) Electronic Technology Co. Ltd. Director, WE COMPONENTS (SHANGHAI) CO LTD Director, WINSTAR INVESTMENT MANAGEMENT PTE LTD Director, Xinsida Components (Shanghai) Co. Ltd. Director Experience Details: Non-executive director, Willas-Array Electronics (Holdings) Limited (May 2023 - present). Professional Qualifications: Master of business administration, Raffles University, 2023 Junior College Degree in International Business, Shanghai Institute of Science & Technology Management, 1999. Appointment Date is June 30, 2025.お知らせ • May 22Willas-Array Electronics (Holdings) Limited, Annual General Meeting, Jun 27, 2025Willas-Array Electronics (Holdings) Limited, Annual General Meeting, Jun 27, 2025, at 09:30 Singapore Standard Time.お知らせ • May 07Willas-Array Electronics (Holdings) Limited to Report Q3, 2025 Results on May 21, 2025Willas-Array Electronics (Holdings) Limited announced that they will report Q3, 2025 results on May 21, 2025お知らせ • Mar 10Willas-Array Electronics (Holdings) Limited to Report Fiscal Year 2025 Results on Mar 31, 2025Willas-Array Electronics (Holdings) Limited announced that they will report fiscal year 2025 results at 5:00 PM, Singapore Standard Time on Mar 31, 2025お知らせ • Nov 14Willas-Array Electronics (Holdings) Limited to Report First Half, 2025 Results on Nov 22, 2024Willas-Array Electronics (Holdings) Limited announced that they will report first half, 2025 results on Nov 22, 2024お知らせ • Oct 21Willas-Array Electronics (Holdings) Limited Announces Re-Designation of Mr. Xie Lishu from A Non-Executive Director to an Executive DirectorThe board of directors of Willas-Array Electronics (Holdings) Limited announced that Mr. Xie Lishu has been re-designated from a non-executive Director to an executive Director with effect from October 21, 2024. Mr. Xie will remain as the chairman of the Board as well as the chairman of the employee share option scheme committee of the Company. Mr. Xie, aged 52, was appointed as a non-executive Director and the chairman of the Board as well as the chairman of the ESOS Committee on May 20, 2023. Mr. Xie also serves as a director for various subsidiaries of the Company. Mr. Xie obtained a bachelor's degree in applied chemistry from Tongji University in 1996. He has over 27 years of experience in the electronics industry. He was a sales manager of China Circuit Technology (Shantou) Corporation from 1996 to 1999. Since 2008, Mr. Xie served as the chief executive officer of Shanghai YCT Electronics Group Co. Ltd., which is a company listed on the ChiNext Board of the Shenzhen Stock Exchange and Mr. Xie also served as the chairman of the board of directors of Shanghai YCT since 2019.New Risk • Jun 24New major risk - Revenue and earnings growthEarnings have declined by 9.3% 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 Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Earnings have declined by 9.3% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$262.6m market cap, or US$33.6m).Reported Earnings • Jun 24Full year 2024 earnings released: HK$1.93 loss per share (vs HK$0.031 profit in FY 2023)Full year 2024 results: HK$1.93 loss per share (down from HK$0.031 profit in FY 2023). Revenue: HK$2.66b (down 15% from FY 2023). Net loss: HK$169.2m (down HK$171.9m from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance.お知らせ • Jun 22Willas-Array Electronics (Holdings) Limited, Annual General Meeting, Jul 31, 2024Willas-Array Electronics (Holdings) Limited, Annual General Meeting, Jul 31, 2024, at 09:30 Singapore Standard Time.お知らせ • Jun 13Willas-Array Electronics (Holdings) Limited to Report Fiscal Year 2024 Results on Jun 21, 2024Willas-Array Electronics (Holdings) Limited announced that they will report fiscal year 2024 results on Jun 21, 2024New Risk • Feb 02New 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 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (HK$259.1m market cap, or US$33.1m).Reported Earnings • Dec 03First half 2024 earnings released: HK$1.09 loss per share (vs HK$0.15 profit in 1H 2023)First half 2024 results: HK$1.09 loss per share (down from HK$0.15 profit in 1H 2023). Revenue: HK$1.36b (down 24% from 1H 2023). Net loss: HK$95.2m (down HK$108.1m from profit in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.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: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.09% net profit margin). Market cap is less than US$100m (HK$150.4m market cap, or US$19.3m).お知らせ • Nov 24Willas-Array Electronics (Holdings) Limited Provides Unaudited Consolidated Earnings Guidance for the First Half of Fiscal Year 2024Willas-Array Electronics (Holdings) Limited provided unaudited consolidated earnings guidance for the first half of fiscal year 2024. For the period, the company expects net loss of approximately HKD 95.2 million for 1H FY2024 as compared to a consolidated net profit of approximately HKD12.8 million for the six months ended September 30, 2022. The expected consolidated net loss for 1H FY2024 was mainly attributable to: (i) a decline in sales revenue of the Group as a result of the weak demand, strong inflation and continuous interest rate increase in 1H FY2024; (ii) a decrease in gross margin due to severe price competition in the overall electronic components market, which has exerted pressure on product margin; (iii) an increase in stock provision made for the slow-moving inventories due to a slowdown of market demand in 1H FY2024 as compared to 1H FY2023 where there was no stock provision; (iv) net impairment losses recognised under expected credit loss on trade receivables in 1H FY2024 as compared to 1H FY2023 where no such impairment losses was made; and (v) an increase in finance costs mainly due to rising weighted average effective interest rate in 1H FY2024 as compared to 1H FY2023. The adjusted loss attributable to owners of the Company was approximately HKD34.5 million in 1H FY2024, if excluding the stock provision of approximately HKD37.0 million, net impairment losses recognised under expected credit loss on trade receivables of approximately HKD8.4 million, and a net exchange loss of approximately HKD15.4 million.Valuation Update With 7 Day Price Move • Nov 21Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to HK$1.79, the stock trades at a trailing P/E ratio of 60.1x. Average trailing P/E is 7x in the Electronic industry in Hong Kong. Total loss to shareholders of 14% over the past three years.お知らせ • Nov 15Willas-Array Electronics (Holdings) Limited Announces Appointment of Fan Qinsheng as Executive DirectorThe board of directors of Willas-Array Electronics (Holdings) Limited announced that Mr. Fan Qinsheng ("Mr. Fan") has been appointed by the Board as an executive Director with effect from November 14, 2023. Mr. Fan, aged 50, is responsible for overseeing financial internal control and compliance, external information distribution and risk management of the Group. He is also the supervisor of two subsidiaries of the Company in People's Republic of China. Mr. Fan graduated with a degree of Finance from Sun Yat-sen University in 2017. Before joining the Group, he was the assistant branch manager of Jieyang City Rongcheng Branch, Bank of China from May 2002 to June 2004, a sales officer of Jieyang City Branch Bank, Bank of China from November 2005 to December 2008, the branch manager of Jieyang Rongcheng Branch, Bank of China from July 2007 to June 2009, the branch manager of Jieyang Dongshan Branch, Bank of China from June 2008 to June 2010, the General Manager of International Business Department of Guangdong Jieyang Rural Commercial Bank from 2013 to 2021, a senior manager of Shanghai YCT Electronics Group Co. Ltd. (a company listed on the ChiNext Board of the Shenzhen Stock Exchange) from October 2021 to July 2023. Mr. Fan joined the Group as a financial manager in September 2023.お知らせ • Nov 03Willas-Array Electronics (Holdings) Limited to Report First Half, 2024 Results on Nov 14, 2023Willas-Array Electronics (Holdings) Limited announced that they will report first half, 2024 results on Nov 14, 2023お知らせ • Oct 05Willas-Array Electronics (Holdings) Limited Announces Change in Company SecretaryThe board of directors of the Willas-Array Electronics (Holdings) Limited announced that Ms. Chan Lai Yee (‘Ms. Chan’) has been appointed as a joint company secretary of the Company (the ‘Joint Company Secretary’) with effect from October 3, 2023. The existing Company Secretary, Mr. Leung, has become the other Joint Company Secretary with effect from the same day and will assist Ms. Chan in discharging her duties as a Joint Company Secretary for smooth transition of the role of company secretary. Mr. Leung will cease to be the Joint Company Secretary on November 2, 2023 and Ms. Chan will be the Company Secretary effective from November 2, 2023. The biographical details of Ms. Chan are set out as follows: Ms. Chan, aged 37, is an associate of The Hong Kong Chartered Governance Institute and an associate of The Chartered Governance Institute. She joined the Group in July 2021 as the Company Secretarial Officer and her scope of work includes assisting the Company Secretary in performing company secretarial duties for the Company. Ms. Chan graduated with a degree of Bachelor of Arts in Fashion and Textiles from The Hong Kong Polytechnic University in 2012, has been awarded Professional Diploma for Company Secretaries from The Hong Kong Management Association in 2015 and a degree of Master of Corporate Governance from The Open University of Hong Kong (currently known as Hong Kong Metropolitan University) in 2018. Prior to joining the Group, Ms. Chan has worked in other companies listed on the Main Board of The Stock Exchange of Hong Kong Limited from 2017 to 2021, as well as international corporate services provider company and local accounting firm from 2014 to 2017, where she gained over 9 years of experience in company secretarial area.Board Change • Sep 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Zhang Yingwei Chong was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Aug 30+ 1 more updateWillas-Array Electronics (Holdings) Limited Announces Cessation of Hon Kar Chun as Executive DirectorWillas-Array Electronics (Holdings) Limited announced cessation of Mr. Hon Kar Chun as Executive Director, Managing Director, Member of Employee Share Option Scheme Committee and Authorised Representative.お知らせ • Aug 25+ 3 more updatesWillas-Array Electronics (Holdings) Limited Appoints Chong Eng Wee as Lead Independent DirectorWillas-Array Electronics (Holdings) Limited announced that Chong Eng Wee, currently an Independent Non-executive Director of Willas-Array Electronics (Holdings) Limited. The Board has considered the Nomination Committee's recommendation and assessment on Mr. Chong's background, qualifications, experience, independence and commitment, in considering his ability to discharge his duties as a Director of Willas-Array Electronics (Holdings) Limited, and being satisfied that he has the requisite capabilities to continue to contribute to the Board, has approved his appointment as the Lead Independent Director of the Company. Job Title: INED, Lead ID, Member of AC, NC, Remuneration Committee and Compliance Committee Chairman of NC (with effect from August 30, 2023). Working Experience: Managing Director, Chevalier Law LLC (August 2021 - present) Partner, Nixon Peabody CWL (July 2023 - present) Director, Chevalier CS Pte. Ltd. (April 2022 - present) Consultant, Nixon Peabody CWL (December 2021 - June 2023) Partner & Head of Corporate, Kennedys Legal Solutions Pte Ltd. (October 2017 - July 2021) Partner & Deputy Head, Capital Markets & International China Practice, RHTLaw Taylor Wessing LLP (July 2015 - October 2017) Associate Director & Representative of Shanghai Representative office, Duane Morris & Selvam LLP (April 2011 - June 2015). Other DirectorShips Past: Non-Executive and Lead Independent Director, GS Holdings Limited (January 2019 - June 2023) Consultant, Nixon Peabody CWL (December 2021 - June 2023) Non-Executive and Independent Director, KTL Global Limited (August 2019 - March 2022) Non-Executive and Independent Director, CW Group Holdings Limited (November 2018 - June 2019) Non-Executive and Independent Director, Innopac Holdings Limited (April 2018 - December 2018). Other DirectorShips Present: Managing Director, Chevalier Law LLC (August 2021 - present) Partner, Nixon Peabody CWL (July 2023 - present) Director, Chevalier CS Pte. Ltd. (April 2022 - present) Non-Executive and Independent Director, OEL (Holdings) Limited (June 2020 - present) Non-Executive and Lead Independent Director, Heatec Jietong Holdings Limited (April 2018 - present) Company Secretary of China Vanadium Titano-Magnetite Mining Company Limited (December 2019 - present) Company Secretary of LHN Limited (April 2020 - present) Company Secretary of Sincap Group Limited (November 2020 - present) Company Secretary of LHN Logistics Limited (April 2022 - present) Company Secretary of Shanghai Turbo Enterprises Ltd. (October 2022 - present) Director, Coronet Ventures (Singapore) Pte Ltd. (May 2023 - present). Director Experience Details: Non-Executive and Independent Director, OEL (Holdings) Limited (SGX-ST Stock code: 584) (June 2020 - present) Non-Executive and Lead Independent Director, Heatec Jietong Holdings Limited (SGX-ST Stock code: 5OR) (April 2018 - present). Professional Qualifications: Admitted as Advocate & Solicitor of Supreme Court of Singapore Admitted as Solicitor of the High Court of Hong Kong Admitted as Barrister & Solicitor of High Court of New Zealand Admitted as lawyer of the Supreme Court of New South Wales, Australia Postgraduate Practical Course in Law, Board of Legal Education, Singapore Graduate Diploma in Singapore Law, National University of Singapore Certificate for Professional Legal Studies course (New Zealand), Institution of Professional Legal Studies Bachelor of Laws, Victoria University of Wellington. Appointment Date is August 23, 2023.お知らせ • Aug 15Willas-Array Electronics (Holdings) Limited Announces Board ChangesThe board of directors of Willas-Array Electronics (Holdings) Limited announced that Mr. Chong Eng Wee ("Mr. Chong") has been appointed by the Board as an independent non-executive Director (the "Independent Non-executive Director") with effect from August 11, 2023. Mr. Chong has also been appointed as a member of each of the audit committee of the Company (the "Audit Committee"), nomination committee of the Company (the "Nomination Committee"), remuneration committee of the Company (the "Remuneration Committee") and compliance committee of the Company, with effect from August 11, 2023. Upon the effective date of the resignation of Mr. Tang Wai Loong Kenneth ("Mr. Tang") as an Independent Non-executive Director on August 30, 2023, Mr. Chong shall also be appointed as the chairman of the Nomination Committee with effect from August 30, 2023 to replace Mr. Tang. Mr. Chong, aged 43, graduated with a degree of Bachelor of Laws from Victoria University of Wellington, completed the Professional Legal Studies Course (New Zealand) from Institution of Professional Legal Studies, was awarded the Graduate Diploma in Singapore Law from National University of Singapore and completed the Postgraduate Practical Course in Law from Board of Legal Education, Singapore. Mr. Chong is an Advocate and Solicitor of the Supreme Court of Singapore, a Solicitor of the High Court of Hong Kong, a Barrister and Solicitor of the High Court of New Zealand and a lawyer of the Supreme Court of New South Wales, Australia. Mr. Chong is the managing director of Chevalier Law LLC since August 2021, a director of Chevalier CS Pte. Ltd. since April 2022 and a partner of Nixon Peabody CWL since July 2023. He was a consultant of Nixon Peabody CWL from December 2021 to June 2023, a partner and head of Corporate at Kennedys Legal Solutions Pte. Ltd. from October 2017 to July 2021, a partner and deputy head of Capital Markets & International China Practice at RHTLaw Taylor Wessing LLP from July 2015 to October 2017, and an associate director and representative of Shanghai representative office at Duane Morris & Selvam LLP from April 2011 to June 2015.お知らせ • Aug 03+ 1 more updateWillas-Array Electronics (Holdings) Limited Announces Cessation of Leung Hon Shing as Chief Financial Officer, Effective November 2, 2023Willas-Array Electronics (Holdings) Limited announced cessation of Leung Hon Shing as Chief Financial Officer, effective on November 2, 2023. Since the recent significant shareholding and leadership changes in the Company, he has tried his best efforts to bridge the communication gap with the new leadership. Notwithstanding that Mr. Leung does not have any unresolved differences in opinion on material matters with the Board, in view of the lack of alignment with the new leadership, he has difficulty in discharging his duties effectively. As such, Mr. Leung is of the view that this would be an appropriate juncture for him to step down from his roles in the Company, and for the Board to appoint suitable candidate to take on his roles.Reported Earnings • Jul 05Full year 2023 earnings released: EPS: HK$0.031 (vs HK$0.96 in FY 2022)Full year 2023 results: EPS: HK$0.031 (down from HK$0.96 in FY 2022). Revenue: HK$3.14b (down 8.5% from FY 2022). Net income: HK$2.72m (down 97% from FY 2022). Profit margin: 0.1% (down from 2.4% in FY 2022). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 01Willas-Array Electronics (Holdings) Limited Announces Resignation of Mr. Tang Wai Loong Kenneth as Independent Non-Executive Director, Chairman of the Nomination Committee, Member of the Audit Committee, the Remuneration Committee and the Compliance CommitteeWillas-Array Electronics (Holdings) Limited announced resignation of Mr. Tang Wai Loong Kenneth as Independent Non-executive Director, Chairman of the Nomination Committee, Member of the Audit Committee, the Remuneration Committee and the Compliance Committee. Mr. Tang Wai Loong Kenneth has tendered his resignation as the Independent Non-executive Director, Chairman of the Nomination Committee, Member of the Audit Committee, the Remuneration Committee and the Compliance Committee of the Company due to his belief that the Company's next phase of development should be helmed by a refreshed Board after recent significant shareholding and leadership change of the Company and his having to devote more time and attention to his personal commitments.Reported Earnings • Jun 01Full year 2023 earnings released: EPS: HK$0.031 (vs HK$0.96 in FY 2022)Full year 2023 results: EPS: HK$0.031 (down from HK$0.96 in FY 2022). Revenue: HK$3.14b (down 8.5% from FY 2022). Net income: HK$2.72m (down 97% from FY 2022). Profit margin: 0.1% (down from 2.4% in FY 2022). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.お知らせ • May 31+ 1 more updateWillas-Array Electronics (Holdings) Limited, Annual General Meeting, Jul 28, 2023Willas-Array Electronics (Holdings) Limited, Annual General Meeting, Jul 28, 2023, at 09:30 China Standard Time.Board Change • May 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 Kai Tong was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • May 20+ 1 more updateWillas-Array Electronics (Holdings) Limited Appoints Xie Lishu as Non-Executive Director, Chairman of Board as Well as Chairman of Employee Share Option Scheme Committee, Effective May 20, 2023Willas-Array Electronics (Holdings) Limited announced appointment of Mr. Xie Lishu as Non-executive Director, Chairman of the Board as well as Chairman of the Employee Share Option Scheme Committee. Appointment date is May 20, 2023. Professional qualifications: Bachelor Degree in Applied Chemistry, Tongji University (from 1992 to 1996). Working experience and occupations during the past 10 years: CEO, Shanghai YCT Electronics Group Co. Ltd. (from 2008 to 2019) and CEO, Chairman and Director, Shanghai YCT (from 2019 to present). Other Directorships, Present: Chairman, SHANGHAI YCT ELECTRONICS GROUP CO., LTD; Director, Shenzhen E-Mantech Co. Ltd; Director, Shanghai Yaxinli Electronics Trading Co Ltd.; Director, Texin Software Co., Ltd; Director, Shanghai Tamul Power Semiconductor Technology Co., Ltd; Chairman, Shenzhen Ouchuangxin Semiconductor Co., Ltd; Director, TEXIN (HONGKONG) ELECTRONICS CO. LIMITED; Director, TAMUL POWER SEMICONDUCTOR LLC; Director, UPC ELECTRONICS PTE LIMITED; Director, YC ELECTRONIC PARTS CO., LIMITED; Director, UPC COMPONENTS PRIVATE LIMITED; Director, ECORE ELECTRONICS CO., LIMITED; Director, WE COMPONENTS PTE. LTD.; Director, Guizhou Yaguang Electronics Technology Co. Ltd.; Director, Jieyang Kaisheng Electronics Co., Ltd; and Partner, Shanghai Shuoqing Enterprise Management Center (Limited partnership).お知らせ • May 17Willas-Array Electronics (Holdings) Limited to Report Fiscal Year 2023 Results on May 30, 2023Willas-Array Electronics (Holdings) Limited announced that they will report fiscal year 2023 results on May 30, 2023Recent Insider Transactions • Apr 28Insider recently sold HK$150m worth of stockOn the 26th of April, Chun Wah Leung sold around 15m shares on-market at roughly HK$10.00 per share. This transaction amounted to 68% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of HK$150m more than they bought in the last 12 months.Valuation Update With 7 Day Price Move • Mar 31Investor sentiment improves as stock rises 21%After last week's 21% share price gain to HK$3.60, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 6x in the Electronic industry in Hong Kong. Total returns to shareholders of 143% over the past three years.Buying Opportunity • Jan 03Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be HK$3.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Meanwhile, the company has become profitable.Reported Earnings • Dec 17First half 2023 earnings released: EPS: HK$0.15 (vs HK$0.51 in 1H 2022)First half 2023 results: EPS: HK$0.15 (down from HK$0.51 in 1H 2022). Revenue: HK$1.78b (flat on 1H 2022). Net income: HK$12.8m (down 71% from 1H 2022). Profit margin: 0.7% (down from 2.4% in 1H 2022). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Reported Earnings • Nov 18First half 2023 earnings released: EPS: HK$0.15 (vs HK$0.51 in 1H 2022)First half 2023 results: EPS: HK$0.15 (down from HK$0.51 in 1H 2022). Revenue: HK$1.78b (flat on 1H 2022). Net income: HK$12.8m (down 71% from 1H 2022). Profit margin: 0.7% (down from 2.4% in 1H 2022). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.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 Kai Tong was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Nov 15+ 1 more updateWillas-Array Electronics (Holdings) Limited Announces Board and Committee ChangesThe board of directors of Willas-Array Electronics (Holdings) Limited announced that Mr. Leung Chun Wah ("Mr. Lawrence Leung") has tendered his resignation as the chairman of the Board and the non-executive director of the Company ("Non-Executive Director"), which will take effect from January 1, 2023 due to his decision to devote more time to his personal affairs and in the interest of the Board's renewal and orderly succession. Accordingly, Mr. Lawrence Leung will cease to be the chairman of the employee share option scheme committee of the Company (the "ESOS Committee") on the same date. To facilitate transition, Mr. Lawrence Leung will continue in all the aforesaid roles until and including December 31, 2022. Following his resignation as the chairman of the Board and a Non-Executive Director, he will then be engaged as a strategic advisor of the Company with effect from January 1, 2023 and the Board believes that with his years of experience and knowledge about the Company and the business of the Group, Mr. Lawrence Leung shall be able to provide invaluable insights and constructive and informed comments on the Group's strategies, policies and performance. The Board announced that Mr. Leung Chi Hang Daniel ("Mr. Daniel Leung"), an executive director of the Company has been appointed by the Board as the chairman of the Board effective from January 1, 2023. Mr. Daniel Leung will also be appointed as the chairman of the ESOS Committee with effect from January 1, 2023 to replace Mr. Lawrence Leung's position. Mr. Daniel Leung, aged 46, is responsible for overseeing the daily operations of the human resources, information technology, logistics and marketing communication departments of the Group. He is also a director of various subsidiaries of the Company. Mr. Daniel Leung obtained a bachelor of science degree in business administration from The Ohio State University, the United States of America ("USA") in 1998 and a master's degree in business administration from The Max M. Fisher College of Business at The Ohio State University, USA in 2004. Upon his graduation with the bachelor's degree and prior to obtaining his master's degree, Mr. Daniel Leung worked at a trading company in Los Angeles, USA, for four years, overseeing its daily operations. Before joining the Group, he worked at Accenture, a global management consulting, technology services and outsourcing firm. Mr. Daniel Leung joined the Group as the general manager for information technology and logistics in 2008. He was promoted as the deputy managing director of information technology and logistics in April 2015. He has also been overseeing the marketing communication department since May 2016 and the human resources department since January 2018.お知らせ • Nov 02Willas-Array Electronics (Holdings) Limited to Report First Half, 2023 Results on Nov 14, 2022Willas-Array Electronics (Holdings) Limited announced that they will report first half, 2023 results on Nov 14, 2022お知らせ • Oct 11Willas-Array Electronics (Holdings) Limited Provides consolidated Earnings Guidance for the Six Months Ended September 30, 2022Willas-Array Electronics (Holdings) Limited Provided consolidated Earnings Guidance for the Six Months Ended September 30, 2022. For the period, the company expected to record a consolidated net profit of between HKD 10.5 million and HKD 17.5 million as compared to a consolidated net profit of approximately HKD 43.5 million for the six months ended September 30, 2021.Valuation Update With 7 Day Price Move • Sep 05Investor sentiment deteriorated over the past weekAfter last week's 22% share price decline to HK$3.25, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 6x in the Electronic industry in Hong Kong. Total returns to shareholders of 32% over the past three years.Buying Opportunity • Sep 02Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 6.3%. The fair value is estimated to be HK$5.05, 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. Meanwhile, the company has become profitable.お知らせ • Aug 30+ 1 more updateWillas-Array Electronics (Holdings) Limited Approves Final Dividend for Financial Year Ended March 31, 2022Willas-Array Electronics (Holdings) Limited at its annual general meeting held on August 29, 2022 approved the payment of a final dividend of HKD 33.0 cents per Share for the financial year ended March 31, 2022.Upcoming Dividend • Aug 29Upcoming dividend of HK$0.73 per shareEligible shareholders must have bought the stock before 05 September 2022. Payment date: 21 September 2022. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 7.7%. Lower than top quartile of Hong Kong dividend payers (8.2%). Higher than average of industry peers (5.6%).Reported Earnings • Aug 02Full year 2022 earnings released: EPS: HK$0.96 (vs HK$1.09 in FY 2021)Full year 2022 results: EPS: HK$0.96 (down from HK$1.09 in FY 2021). Revenue: HK$3.43b (down 3.7% from FY 2021). Net income: HK$82.2m (down 11% from FY 2021). Profit margin: 2.4% (down from 2.6% 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 100% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 29Willas-Array Electronics (Holdings) Limited Recommends Special Dividend, Payable on or About September 21, 2022Willas-Array Electronics (Holdings) Limited announced that to celebrate 40th anniversary, the board of directors of the Company (the "Directors" and the "Board", respectively) has recommended a special dividend of HK 40.0 cents per ordinary share to thank and reward shareholders for thier support. Those Shareholders whose names will appear on the register of members of the Company (the "Register of Members") at the close of business on September 6, 2022. The Final Dividend and the Special Dividend will be payable on or about September 21, 2022, subject to the Shareholders' approval at the forthcoming 2022 annual general meeting of the Company to be held on August 29, 2022 (the "2022 AGM").Buying Opportunity • Jul 29Now 20% undervaluedOver the last 90 days, the stock is up 4.3%. The fair value is estimated to be HK$5.21, 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. Meanwhile, the company has become profitable.Buying Opportunity • Jul 06Now 21% undervaluedOver the last 90 days, the stock is up 8.3%. The fair value is estimated to be HK$5.27, 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. Meanwhile, the company has become profitable.お知らせ • Jun 30Willas-Array Electronics (Holdings) Limited Proposes an Ordinary Final Dividend for the Financial Year Ended March 31, 2022, Payable on 21 September 2022Willas-Array Electronics (Holdings) Limited proposed an ordinary final dividend of HKD 0.33 per share for the financial year ended March 31, 2022. The date of shareholders' approval is 29 August 2022. The ex-dividend date is 05 September 2022, with record date of 06 September 2022, and payment date is 21 September 2022.お知らせ • Jun 29+ 1 more updateWillas-Array Electronics (Holdings) Limited Proposes Special Final Dividend for the Financial Year Ended March 31, 2022, Payable on September 21, 2022Willas-Array Electronics (Holdings) Limited proposed special final dividend of HKD 0.40 per share for the financial year ended March 31, 2022, payable on 21 September 2022 with Record date is 06 September 2022 and Ex-dividend date 05 September 2022, Date of shareholders' approval is 29 August 2022.Buying Opportunity • Jun 17Now 20% undervaluedOver the last 90 days, the stock is up 14%. The fair value is estimated to be HK$5.09, 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. Meanwhile, the company has become profitable.お知らせ • Jun 16Willas-Array Electronics (Holdings) Limited to Report Fiscal Year 2022 Results on Jun 28, 2022Willas-Array Electronics (Holdings) Limited announced that they will report fiscal year 2022 results on Jun 28, 2022Reported Earnings • May 29Full year 2022 earnings released: EPS: HK$0.96 (vs HK$1.09 in FY 2021)Full year 2022 results: EPS: HK$0.96 (down from HK$1.09 in FY 2021). Revenue: HK$3.43b (down 3.7% from FY 2021). Net income: HK$82.2m (down 11% from FY 2021). Profit margin: 2.4% (down from 2.6% 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 100% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.お知らせ • May 28+ 2 more updatesWillas-Array Electronics (Holdings) Limited Announces Special Dividend for the Year Ended March 31, 2022Willas-Array Electronics (Holdings) Limited announced the special dividend of HKD 0.4 per share for the Year Ended March 31, 2022.Recent Insider Transactions • May 13Insider recently bought HK$293k worth of stockOn the 10th of May, Seng Chong Yeo bought around 74k shares on-market at roughly HK$3.95 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$537k more in shares than they have sold in the last 12 months.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 Kenneth Tang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Dec 17First half 2022 earnings: Revenues and EPS in line with analyst expectationsFirst half 2022 results: EPS: HK$0.51 (up from HK$0.26 in 1H 2021). Revenue: HK$1.79b (up 5.8% from 1H 2021). Net income: HK$43.5m (up 94% from 1H 2021). Profit margin: 2.4% (up from 1.3% in 1H 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. 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 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 13First half 2022 earnings releasedThe company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down HK$22.4m from profit in 1H 2021). Profit margin: (down from 1.3% in 1H 2021). The decrease in margin was driven by lower expenses. 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 4% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Oct 19Insider recently bought HK$227k worth of stockOn the 14th of October, Seng Chong Yeo bought around 345k shares on-market at roughly HK$0.66 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$244k more in shares than they have sold in the last 12 months.Upcoming Dividend • Aug 02Upcoming dividend of HK$0.33 per shareEligible shareholders must have bought the stock before 09 August 2021. Payment date: 27 August 2021. Trailing yield: 7.8%. Within top quartile of Hong Kong dividend payers (6.5%). Higher than average of industry peers (3.8%).Reported Earnings • Jun 30Full year 2021 earnings released: EPS HK$1.09 (vs HK$0.85 loss in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: HK$3.56b (up 12% from FY 2020). Net income: HK$92.5m (up HK$165.0m from FY 2020). Profit margin: 2.6% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Reported Earnings • May 30Full year 2021 earnings released: EPS HK$1.09 (vs HK$0.85 loss in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: HK$3.56b (up 12% from FY 2020). Net income: HK$92.5m (up HK$165.0m from FY 2020). Profit margin: 2.6% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% 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 • May 29Willas-Array Electronics (Holdings) Limited Announces Final Cash Dividend for the Financial Year Ended March 31, 2021, Payable on August 27, 2021Willas-Array Electronics (Holdings) Limited announced final cash dividend of HKD 0.33 per share for the financial year ended March 31, 2021. Record Date is August 10, 2021, Ex Date is August 06, 2021 and Payable date is August 27, 2021.お知らせ • Apr 18Willas-Array Electronics (Holdings) Limited Provides Earnings Guidance for the Year Ended March 31, 2021Willas-Array Electronics (Holdings) Limited provided earnings guidance for the year ended March 31, 2021. The board of directors of the Company informed the shareholders and potential investors of the company that, based on the Board's preliminary assessment of the unaudited consolidated management accounts of the Group for the financial year ended March 31, 2021, it is expected that the Group is likely to record a consolidated net profit of between HKD 88.0 million and HKD 96.0 million for fiscal 2021 as compared to a consolidated net loss of approximately HKD 72.6 million for the financial year ended March 31, 2020.Reported Earnings • Feb 11Third quarter 2021 earnings released: EPS HK$0.44 (vs HK$0.053 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: HK$1.06b (up 25% from 3Q 2020). Net income: HK$37.3m (up HK$41.8m from 3Q 2020). Profit margin: 3.5% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 74% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.お知らせ • Jan 29Willas-Array Electronics (Holdings) Limited to Report Q3, 2021 Results on Feb 10, 2021Willas-Array Electronics (Holdings) Limited announced that they will report Q3, 2021 results on Feb 10, 2021Is New 90 Day High Low • Jan 27New 90-day high: HK$2.90The company is up 36% from its price of HK$2.13 on 29 October 2020. The Hong Kong market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 34% over the same period.Valuation Update With 7 Day Price Move • Jan 15Investor sentiment improved over the past weekAfter last week's 20% share price gain to HK$2.76, the stock is trading at a trailing P/E ratio of 36.1x, up from the previous P/E ratio of 30.1x. This compares to an average P/E of 14x in the Electronic industry in Hong Kong. Total return to shareholders over the past three years is a loss of 44%.お知らせ • Jan 13Willas-Array Electronics (Holdings) Limited Announces Resignation of Kwok Chan Cheung as DirectorWillas-Array Electronics (Holdings) Limited announced that Kwok Chan Cheung resigned as a director of the, with effect from January 1, 2021.Reported Earnings • Dec 14Second quarter 2021 earnings released: EPS HK$0.18The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: HK$925.9m (up 5.2% from 2Q 2020). Net income: HK$15.3m (up HK$46.5m from 2Q 2020). Profit margin: 1.7% (up from net loss in 2Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 97% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.お知らせ • Dec 03+ 1 more updateWillas-Array Electronics (Holdings) Limited Announces Re-Designation of Leung Chun Wah from Executive Director to Non-Executive Director, Effective Jan. 1, 2021Willas-Array Electronics (Holdings) Limited announced that Mr. Leung Chun Wah is currently an Executive Director and the Chairman of the Board of the Company. The Board had considered the Nomination Committee's recommendation and assessment on Mr. Leung's background and experience and approved the re-designation of Mr. Leung from Executive Director to Non-Executive Director of the Company, and is satisfied that he will continue to contribute to the Board, effective Jan. 1, 2021.Reported Earnings • Nov 13Second quarter 2021 earnings released: EPS HK$0.18The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: HK$925.9m (up 5.2% from 2Q 2020). Net income: HK$15.3m (up HK$46.5m from 2Q 2020). Profit margin: 1.7% (up from net loss in 2Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 97% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.お知らせ • Oct 31Willas-Array Electronics (Holdings) Limited to Report Q2, 2021 Results on Nov 12, 2020Willas-Array Electronics (Holdings) Limited announced that they will report Q2, 2021 results on Nov 12, 2020株主還元854HK ElectronicHK 市場7D-1.4%-6.7%2.6%1Y-30.1%11.2%1.8%株主還元を見る業界別リターン: 854過去 1 年間で11.2 % の収益を上げたHong Kong Electronic業界を下回りました。リターン対市場: 854は、過去 1 年間で1.8 % のリターンを上げたHong Kong市場を下回りました。価格変動Is 854's price volatile compared to industry and market?854 volatility854 Average Weekly Movement11.2%Electronic Industry Average Movement10.0%Market Average Movement7.7%10% most volatile stocks in HK Market16.2%10% least volatile stocks in HK Market3.7%安定した株価: 854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: 854の 週次ボラティリティ は過去 1 年間で21%から11%に減少しましたが、依然としてHong Kong株の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1981293Eddy Liwww.willas-array.com.cn投資持株会社ウィラス・アレイ・エレクトロニクス（ホールディングス）リミテッドは、産業用、オーディオ・ビデオ用、テレコミュニケーション用、家電用、照明用、電子製造用、自動車用の電子部品の流通・取引を行っている。同社は自動車、インフォテインメント、モノのインターネット、モーター制御、SMPS、スマートLED製品などを販売している。また、エンジニアリングソリューション、輸送、自動車部品とモジュールの設計、管理とコンサルティング、IoTアプリケーションサービスも提供している。同社は華北地区、華南地区、香港、台湾で事業を展開している。ウィラス・アレイ・エレクトロニクス（ホールディングス）リミテッドは1981年に設立され、香港の葵涌に本社を置いている。2024年9月27日現在、Willas-Array Electronics (Holdings) LimitedはTexin (Hongkong) Electronics Co Limitedの子会社として運営されている。もっと見るWillas-Array Electronics (Holdings) Limited 基礎のまとめWillas-Array Electronics (Holdings) の収益と売上を時価総額と比較するとどうか。854 基礎統計学時価総額HK$680.22m収益（TTM）HK$50.96m売上高(TTM)HK$2.36b13.3xPER（株価収益率0.3xP/Sレシオ854 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854 損益計算書（TTM）収益HK$2.36b売上原価HK$2.14b売上総利益HK$218.52mその他の費用HK$167.56m収益HK$50.96m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）0.49グロス・マージン9.27%純利益率2.16%有利子負債／自己資本比率115.3%854 の長期的なパフォーマンスは？過去の実績と比較を見る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2026/08/01 06:04終値2026/07/31 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Willas-Array Electronics (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
お知らせ • Jul 21Willas-Array Electronics (Holdings) Limited Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2026Willas-Array Electronics (Holdings) Limited provided consolidated earnings guidance for the six months ended June 30, 2026. Based on the Board's preliminary assessment of the consolidated management accounts of the Group (the "Unaudited Management Accounts") for the six months ended June 30, 2026 (the "Period"), it is expected that the Group is likely to record a consolidated net profit for the Period in the range of HKD 56.5 million to HKD 66.5 million, as compared to a consolidated net profit of approximately HKD 20.7 million for the six months ended June 30, 2025 (the "FY2025 Interim"), and the revenue for the Period is expected to be within the range of HKD 1,470.2 million to HKD 1,480.2 million, representing an increase within the range of approximately 27% to 28%, compared to the revenue for the FY2025 Interim of approximately HKD 1,158.8 million. The Board believes that the significant improvement in the Group's financial performance during the Period is mainly attributable to: (i) the significant improvement in the sales revenue of the Group during the Period as compared with FY2025 Interim primarily due to the Group's electronic components segment experiencing strong domestic demand in China, driven by proactive efforts by management in launching new product lines, acquisition of new customers, and consistently enhancing supplier and client satisfaction; and (ii) exchange gains arising from the appreciation of the Renminbi (against Hong Kong dollars).
Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improves as stock rises 19%After last week's 19% share price gain to HK$6.41, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 18x in the Electronic industry in Hong Kong. Total returns to shareholders of 103% over the past three years.
New Risk • Apr 30New 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 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (HK$720.9m market cap, or US$92.0m).
Valuation Update With 7 Day Price Move • Apr 29Investor sentiment improves as stock rises 17%After last week's 17% share price gain to HK$6.74, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 15x in the Electronic industry in Hong Kong. Total returns to shareholders of 109% over the past three years.
Reported Earnings • Mar 01Full year 2025 earnings released: EPS: HK$0.54 (vs HK$0.94 loss in FY 2024)Full year 2025 results: EPS: HK$0.54 (up from HK$0.94 loss in FY 2024). Revenue: HK$2.36b (down 3.3% from FY 2024). Net income: HK$51.0m (up HK$133.1m from FY 2024). Profit margin: 2.2% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 14Willas-Array Electronics (Holdings) Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended December 31, 2025Willas-Array Electronics (Holdings) Limited provided unaudited consolidated earnings guidance for the year ended December 31, 2025. The board of directors of the Company informed the shareholders and potential investors of the Company that, based on the Board's preliminary assessment of the unaudited consolidated management accounts of the Group (the "Unaudited Management Accounts") for the year ended December 31, 2025 (the "FY 2025"), it is expected that the Group is likely to record a consolidated net profit for the Fiscal Year 2025 in the range of HKD 45.0 million to HKD 55.0 million, as compared to a consolidated net loss of approximately HKD 61.6 million for the nine months ended December 31, 2024 (the "Period 2024").
お知らせ • Jul 21Willas-Array Electronics (Holdings) Limited Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2026Willas-Array Electronics (Holdings) Limited provided consolidated earnings guidance for the six months ended June 30, 2026. Based on the Board's preliminary assessment of the consolidated management accounts of the Group (the "Unaudited Management Accounts") for the six months ended June 30, 2026 (the "Period"), it is expected that the Group is likely to record a consolidated net profit for the Period in the range of HKD 56.5 million to HKD 66.5 million, as compared to a consolidated net profit of approximately HKD 20.7 million for the six months ended June 30, 2025 (the "FY2025 Interim"), and the revenue for the Period is expected to be within the range of HKD 1,470.2 million to HKD 1,480.2 million, representing an increase within the range of approximately 27% to 28%, compared to the revenue for the FY2025 Interim of approximately HKD 1,158.8 million. The Board believes that the significant improvement in the Group's financial performance during the Period is mainly attributable to: (i) the significant improvement in the sales revenue of the Group during the Period as compared with FY2025 Interim primarily due to the Group's electronic components segment experiencing strong domestic demand in China, driven by proactive efforts by management in launching new product lines, acquisition of new customers, and consistently enhancing supplier and client satisfaction; and (ii) exchange gains arising from the appreciation of the Renminbi (against Hong Kong dollars).
Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improves as stock rises 19%After last week's 19% share price gain to HK$6.41, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 18x in the Electronic industry in Hong Kong. Total returns to shareholders of 103% over the past three years.
New Risk • Apr 30New 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 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (HK$720.9m market cap, or US$92.0m).
Valuation Update With 7 Day Price Move • Apr 29Investor sentiment improves as stock rises 17%After last week's 17% share price gain to HK$6.74, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 15x in the Electronic industry in Hong Kong. Total returns to shareholders of 109% over the past three years.
Reported Earnings • Mar 01Full year 2025 earnings released: EPS: HK$0.54 (vs HK$0.94 loss in FY 2024)Full year 2025 results: EPS: HK$0.54 (up from HK$0.94 loss in FY 2024). Revenue: HK$2.36b (down 3.3% from FY 2024). Net income: HK$51.0m (up HK$133.1m from FY 2024). Profit margin: 2.2% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 14Willas-Array Electronics (Holdings) Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended December 31, 2025Willas-Array Electronics (Holdings) Limited provided unaudited consolidated earnings guidance for the year ended December 31, 2025. The board of directors of the Company informed the shareholders and potential investors of the Company that, based on the Board's preliminary assessment of the unaudited consolidated management accounts of the Group (the "Unaudited Management Accounts") for the year ended December 31, 2025 (the "FY 2025"), it is expected that the Group is likely to record a consolidated net profit for the Fiscal Year 2025 in the range of HKD 45.0 million to HKD 55.0 million, as compared to a consolidated net loss of approximately HKD 61.6 million for the nine months ended December 31, 2024 (the "Period 2024").
お知らせ • Feb 12Willas-Array Electronics (Holdings) Limited to Report Fiscal Year 2025 Results on Feb 27, 2026Willas-Array Electronics (Holdings) Limited announced that they will report fiscal year 2025 results on Feb 27, 2026
Valuation Update With 7 Day Price Move • Dec 09Investor sentiment improves as stock rises 17%After last week's 17% share price gain to HK$5.61, the stock trades at a trailing P/E ratio of 37.4x. Average trailing P/E is 12x in the Electronic industry in Hong Kong. Total returns to shareholders of 103% over the past three years.
Valuation Update With 7 Day Price Move • Sep 25Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to HK$6.43, the stock trades at a trailing P/E ratio of 40.2x. Average trailing P/E is 14x in the Electronic industry in Hong Kong. Total returns to shareholders of 118% over the past three years.
Valuation Update With 7 Day Price Move • Aug 25Investor sentiment improves as stock rises 26%After last week's 26% share price gain to HK$12.00, the stock trades at a trailing P/E ratio of 43.1x. Average trailing P/E is 12x in the Electronic industry in Hong Kong. Total returns to shareholders of 249% over the past three years.
New Risk • Aug 15New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Shares are highly illiquid. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (HK$520.6m market cap, or US$66.6m).
Reported Earnings • Aug 15First half 2025 earnings released: EPS: HK$0.24 (vs HK$0.90 loss in 1H 2024)First half 2025 results: EPS: HK$0.24 (up from HK$0.90 loss in 1H 2024). Revenue: HK$1.16b (down 2.1% from 1H 2024). Net income: HK$20.7m (up HK$99.3m from 1H 2024). Profit margin: 1.8% (up from net loss in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings.
お知らせ • Aug 04Willas-Array Electronics (Holdings) Limited to Report First Half, 2025 Results on Aug 14, 2025Willas-Array Electronics (Holdings) Limited announced that they will report first half, 2025 results on Aug 14, 2025
Board Change • Jul 17High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Shaoli Huang is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • Jul 15Willas-Array Electronics (Holdings) Limited has completed a Follow-on Equity Offering in the amount of HKD 39.9 million.Willas-Array Electronics (Holdings) Limited has completed a Follow-on Equity Offering in the amount of HKD 39.9 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 15,000,000 Price\Range: HKD 2.66 Transaction Features: Subsequent Direct Listing
お知らせ • Jun 30Willas-Array Electronics (Holdings) Limited Appoints Huang Shaoli as Member of Nomination Committee, Effective June 30, 2025Willas-Array Electronics (Holdings) Limited announced appointment of Ms. Huang Shaoli as Member of Nomination Committee. Role And Responsibilities: Non-executive. Job Title: Non-executive Director, Member of Nomination Committee. Working Experience: Vice President, Shanghai YCT Electronics Group Co. Ltd. ("Shanghai YCT") (2010 - 2019) Director, Shanghai YCT (2019 - present). Other DirectorShips Present: Director, Shanghai YCT Electronics Group Co. Ltd. Director, Kunshan Archer Electronics Co. Ltd. Director, Texin (HongKong) Electronics Co. Limited Chairman, Shenzhen E-MANTECH Ltd. Director, Jieyang Xuze Electronic Parts Co. Ltd. Director, Nanjing Shenlichuang Technology Co. Ltd. Director, Shanghai Xuhe Energy Saving Technology Co. Ltd. Director, Shanghai Xuze Electronic Components Co. Ltd. Director, Shanghai YCT Shengxin Engineering Management Co. Ltd. Director, Shenzhen Ouchuangxin Semiconductor Co. Ltd. Director, Sunac Micro (Shanghai) Electronic Technology Co. Ltd. Director, WE COMPONENTS (SHANGHAI) CO LTD Director, WINSTAR INVESTMENT MANAGEMENT PTE LTD Director, Xinsida Components (Shanghai) Co. Ltd. Director Experience Details: Non-executive director, Willas-Array Electronics (Holdings) Limited (May 2023 - present). Professional Qualifications: Master of business administration, Raffles University, 2023 Junior College Degree in International Business, Shanghai Institute of Science & Technology Management, 1999. Appointment Date is June 30, 2025.
お知らせ • May 22Willas-Array Electronics (Holdings) Limited, Annual General Meeting, Jun 27, 2025Willas-Array Electronics (Holdings) Limited, Annual General Meeting, Jun 27, 2025, at 09:30 Singapore Standard Time.
お知らせ • May 07Willas-Array Electronics (Holdings) Limited to Report Q3, 2025 Results on May 21, 2025Willas-Array Electronics (Holdings) Limited announced that they will report Q3, 2025 results on May 21, 2025
お知らせ • Mar 10Willas-Array Electronics (Holdings) Limited to Report Fiscal Year 2025 Results on Mar 31, 2025Willas-Array Electronics (Holdings) Limited announced that they will report fiscal year 2025 results at 5:00 PM, Singapore Standard Time on Mar 31, 2025
お知らせ • Nov 14Willas-Array Electronics (Holdings) Limited to Report First Half, 2025 Results on Nov 22, 2024Willas-Array Electronics (Holdings) Limited announced that they will report first half, 2025 results on Nov 22, 2024
お知らせ • Oct 21Willas-Array Electronics (Holdings) Limited Announces Re-Designation of Mr. Xie Lishu from A Non-Executive Director to an Executive DirectorThe board of directors of Willas-Array Electronics (Holdings) Limited announced that Mr. Xie Lishu has been re-designated from a non-executive Director to an executive Director with effect from October 21, 2024. Mr. Xie will remain as the chairman of the Board as well as the chairman of the employee share option scheme committee of the Company. Mr. Xie, aged 52, was appointed as a non-executive Director and the chairman of the Board as well as the chairman of the ESOS Committee on May 20, 2023. Mr. Xie also serves as a director for various subsidiaries of the Company. Mr. Xie obtained a bachelor's degree in applied chemistry from Tongji University in 1996. He has over 27 years of experience in the electronics industry. He was a sales manager of China Circuit Technology (Shantou) Corporation from 1996 to 1999. Since 2008, Mr. Xie served as the chief executive officer of Shanghai YCT Electronics Group Co. Ltd., which is a company listed on the ChiNext Board of the Shenzhen Stock Exchange and Mr. Xie also served as the chairman of the board of directors of Shanghai YCT since 2019.
New Risk • Jun 24New major risk - Revenue and earnings growthEarnings have declined by 9.3% 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 Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Earnings have declined by 9.3% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$262.6m market cap, or US$33.6m).
Reported Earnings • Jun 24Full year 2024 earnings released: HK$1.93 loss per share (vs HK$0.031 profit in FY 2023)Full year 2024 results: HK$1.93 loss per share (down from HK$0.031 profit in FY 2023). Revenue: HK$2.66b (down 15% from FY 2023). Net loss: HK$169.2m (down HK$171.9m from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance.
お知らせ • Jun 22Willas-Array Electronics (Holdings) Limited, Annual General Meeting, Jul 31, 2024Willas-Array Electronics (Holdings) Limited, Annual General Meeting, Jul 31, 2024, at 09:30 Singapore Standard Time.
お知らせ • Jun 13Willas-Array Electronics (Holdings) Limited to Report Fiscal Year 2024 Results on Jun 21, 2024Willas-Array Electronics (Holdings) Limited announced that they will report fiscal year 2024 results on Jun 21, 2024
New Risk • Feb 02New 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 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (HK$259.1m market cap, or US$33.1m).
Reported Earnings • Dec 03First half 2024 earnings released: HK$1.09 loss per share (vs HK$0.15 profit in 1H 2023)First half 2024 results: HK$1.09 loss per share (down from HK$0.15 profit in 1H 2023). Revenue: HK$1.36b (down 24% from 1H 2023). Net loss: HK$95.2m (down HK$108.1m from profit in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance.
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: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.09% net profit margin). Market cap is less than US$100m (HK$150.4m market cap, or US$19.3m).
お知らせ • Nov 24Willas-Array Electronics (Holdings) Limited Provides Unaudited Consolidated Earnings Guidance for the First Half of Fiscal Year 2024Willas-Array Electronics (Holdings) Limited provided unaudited consolidated earnings guidance for the first half of fiscal year 2024. For the period, the company expects net loss of approximately HKD 95.2 million for 1H FY2024 as compared to a consolidated net profit of approximately HKD12.8 million for the six months ended September 30, 2022. The expected consolidated net loss for 1H FY2024 was mainly attributable to: (i) a decline in sales revenue of the Group as a result of the weak demand, strong inflation and continuous interest rate increase in 1H FY2024; (ii) a decrease in gross margin due to severe price competition in the overall electronic components market, which has exerted pressure on product margin; (iii) an increase in stock provision made for the slow-moving inventories due to a slowdown of market demand in 1H FY2024 as compared to 1H FY2023 where there was no stock provision; (iv) net impairment losses recognised under expected credit loss on trade receivables in 1H FY2024 as compared to 1H FY2023 where no such impairment losses was made; and (v) an increase in finance costs mainly due to rising weighted average effective interest rate in 1H FY2024 as compared to 1H FY2023. The adjusted loss attributable to owners of the Company was approximately HKD34.5 million in 1H FY2024, if excluding the stock provision of approximately HKD37.0 million, net impairment losses recognised under expected credit loss on trade receivables of approximately HKD8.4 million, and a net exchange loss of approximately HKD15.4 million.
Valuation Update With 7 Day Price Move • Nov 21Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to HK$1.79, the stock trades at a trailing P/E ratio of 60.1x. Average trailing P/E is 7x in the Electronic industry in Hong Kong. Total loss to shareholders of 14% over the past three years.
お知らせ • Nov 15Willas-Array Electronics (Holdings) Limited Announces Appointment of Fan Qinsheng as Executive DirectorThe board of directors of Willas-Array Electronics (Holdings) Limited announced that Mr. Fan Qinsheng ("Mr. Fan") has been appointed by the Board as an executive Director with effect from November 14, 2023. Mr. Fan, aged 50, is responsible for overseeing financial internal control and compliance, external information distribution and risk management of the Group. He is also the supervisor of two subsidiaries of the Company in People's Republic of China. Mr. Fan graduated with a degree of Finance from Sun Yat-sen University in 2017. Before joining the Group, he was the assistant branch manager of Jieyang City Rongcheng Branch, Bank of China from May 2002 to June 2004, a sales officer of Jieyang City Branch Bank, Bank of China from November 2005 to December 2008, the branch manager of Jieyang Rongcheng Branch, Bank of China from July 2007 to June 2009, the branch manager of Jieyang Dongshan Branch, Bank of China from June 2008 to June 2010, the General Manager of International Business Department of Guangdong Jieyang Rural Commercial Bank from 2013 to 2021, a senior manager of Shanghai YCT Electronics Group Co. Ltd. (a company listed on the ChiNext Board of the Shenzhen Stock Exchange) from October 2021 to July 2023. Mr. Fan joined the Group as a financial manager in September 2023.
お知らせ • Nov 03Willas-Array Electronics (Holdings) Limited to Report First Half, 2024 Results on Nov 14, 2023Willas-Array Electronics (Holdings) Limited announced that they will report first half, 2024 results on Nov 14, 2023
お知らせ • Oct 05Willas-Array Electronics (Holdings) Limited Announces Change in Company SecretaryThe board of directors of the Willas-Array Electronics (Holdings) Limited announced that Ms. Chan Lai Yee (‘Ms. Chan’) has been appointed as a joint company secretary of the Company (the ‘Joint Company Secretary’) with effect from October 3, 2023. The existing Company Secretary, Mr. Leung, has become the other Joint Company Secretary with effect from the same day and will assist Ms. Chan in discharging her duties as a Joint Company Secretary for smooth transition of the role of company secretary. Mr. Leung will cease to be the Joint Company Secretary on November 2, 2023 and Ms. Chan will be the Company Secretary effective from November 2, 2023. The biographical details of Ms. Chan are set out as follows: Ms. Chan, aged 37, is an associate of The Hong Kong Chartered Governance Institute and an associate of The Chartered Governance Institute. She joined the Group in July 2021 as the Company Secretarial Officer and her scope of work includes assisting the Company Secretary in performing company secretarial duties for the Company. Ms. Chan graduated with a degree of Bachelor of Arts in Fashion and Textiles from The Hong Kong Polytechnic University in 2012, has been awarded Professional Diploma for Company Secretaries from The Hong Kong Management Association in 2015 and a degree of Master of Corporate Governance from The Open University of Hong Kong (currently known as Hong Kong Metropolitan University) in 2018. Prior to joining the Group, Ms. Chan has worked in other companies listed on the Main Board of The Stock Exchange of Hong Kong Limited from 2017 to 2021, as well as international corporate services provider company and local accounting firm from 2014 to 2017, where she gained over 9 years of experience in company secretarial area.
Board Change • Sep 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Zhang Yingwei Chong was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Aug 30+ 1 more updateWillas-Array Electronics (Holdings) Limited Announces Cessation of Hon Kar Chun as Executive DirectorWillas-Array Electronics (Holdings) Limited announced cessation of Mr. Hon Kar Chun as Executive Director, Managing Director, Member of Employee Share Option Scheme Committee and Authorised Representative.
お知らせ • Aug 25+ 3 more updatesWillas-Array Electronics (Holdings) Limited Appoints Chong Eng Wee as Lead Independent DirectorWillas-Array Electronics (Holdings) Limited announced that Chong Eng Wee, currently an Independent Non-executive Director of Willas-Array Electronics (Holdings) Limited. The Board has considered the Nomination Committee's recommendation and assessment on Mr. Chong's background, qualifications, experience, independence and commitment, in considering his ability to discharge his duties as a Director of Willas-Array Electronics (Holdings) Limited, and being satisfied that he has the requisite capabilities to continue to contribute to the Board, has approved his appointment as the Lead Independent Director of the Company. Job Title: INED, Lead ID, Member of AC, NC, Remuneration Committee and Compliance Committee Chairman of NC (with effect from August 30, 2023). Working Experience: Managing Director, Chevalier Law LLC (August 2021 - present) Partner, Nixon Peabody CWL (July 2023 - present) Director, Chevalier CS Pte. Ltd. (April 2022 - present) Consultant, Nixon Peabody CWL (December 2021 - June 2023) Partner & Head of Corporate, Kennedys Legal Solutions Pte Ltd. (October 2017 - July 2021) Partner & Deputy Head, Capital Markets & International China Practice, RHTLaw Taylor Wessing LLP (July 2015 - October 2017) Associate Director & Representative of Shanghai Representative office, Duane Morris & Selvam LLP (April 2011 - June 2015). Other DirectorShips Past: Non-Executive and Lead Independent Director, GS Holdings Limited (January 2019 - June 2023) Consultant, Nixon Peabody CWL (December 2021 - June 2023) Non-Executive and Independent Director, KTL Global Limited (August 2019 - March 2022) Non-Executive and Independent Director, CW Group Holdings Limited (November 2018 - June 2019) Non-Executive and Independent Director, Innopac Holdings Limited (April 2018 - December 2018). Other DirectorShips Present: Managing Director, Chevalier Law LLC (August 2021 - present) Partner, Nixon Peabody CWL (July 2023 - present) Director, Chevalier CS Pte. Ltd. (April 2022 - present) Non-Executive and Independent Director, OEL (Holdings) Limited (June 2020 - present) Non-Executive and Lead Independent Director, Heatec Jietong Holdings Limited (April 2018 - present) Company Secretary of China Vanadium Titano-Magnetite Mining Company Limited (December 2019 - present) Company Secretary of LHN Limited (April 2020 - present) Company Secretary of Sincap Group Limited (November 2020 - present) Company Secretary of LHN Logistics Limited (April 2022 - present) Company Secretary of Shanghai Turbo Enterprises Ltd. (October 2022 - present) Director, Coronet Ventures (Singapore) Pte Ltd. (May 2023 - present). Director Experience Details: Non-Executive and Independent Director, OEL (Holdings) Limited (SGX-ST Stock code: 584) (June 2020 - present) Non-Executive and Lead Independent Director, Heatec Jietong Holdings Limited (SGX-ST Stock code: 5OR) (April 2018 - present). Professional Qualifications: Admitted as Advocate & Solicitor of Supreme Court of Singapore Admitted as Solicitor of the High Court of Hong Kong Admitted as Barrister & Solicitor of High Court of New Zealand Admitted as lawyer of the Supreme Court of New South Wales, Australia Postgraduate Practical Course in Law, Board of Legal Education, Singapore Graduate Diploma in Singapore Law, National University of Singapore Certificate for Professional Legal Studies course (New Zealand), Institution of Professional Legal Studies Bachelor of Laws, Victoria University of Wellington. Appointment Date is August 23, 2023.
お知らせ • Aug 15Willas-Array Electronics (Holdings) Limited Announces Board ChangesThe board of directors of Willas-Array Electronics (Holdings) Limited announced that Mr. Chong Eng Wee ("Mr. Chong") has been appointed by the Board as an independent non-executive Director (the "Independent Non-executive Director") with effect from August 11, 2023. Mr. Chong has also been appointed as a member of each of the audit committee of the Company (the "Audit Committee"), nomination committee of the Company (the "Nomination Committee"), remuneration committee of the Company (the "Remuneration Committee") and compliance committee of the Company, with effect from August 11, 2023. Upon the effective date of the resignation of Mr. Tang Wai Loong Kenneth ("Mr. Tang") as an Independent Non-executive Director on August 30, 2023, Mr. Chong shall also be appointed as the chairman of the Nomination Committee with effect from August 30, 2023 to replace Mr. Tang. Mr. Chong, aged 43, graduated with a degree of Bachelor of Laws from Victoria University of Wellington, completed the Professional Legal Studies Course (New Zealand) from Institution of Professional Legal Studies, was awarded the Graduate Diploma in Singapore Law from National University of Singapore and completed the Postgraduate Practical Course in Law from Board of Legal Education, Singapore. Mr. Chong is an Advocate and Solicitor of the Supreme Court of Singapore, a Solicitor of the High Court of Hong Kong, a Barrister and Solicitor of the High Court of New Zealand and a lawyer of the Supreme Court of New South Wales, Australia. Mr. Chong is the managing director of Chevalier Law LLC since August 2021, a director of Chevalier CS Pte. Ltd. since April 2022 and a partner of Nixon Peabody CWL since July 2023. He was a consultant of Nixon Peabody CWL from December 2021 to June 2023, a partner and head of Corporate at Kennedys Legal Solutions Pte. Ltd. from October 2017 to July 2021, a partner and deputy head of Capital Markets & International China Practice at RHTLaw Taylor Wessing LLP from July 2015 to October 2017, and an associate director and representative of Shanghai representative office at Duane Morris & Selvam LLP from April 2011 to June 2015.
お知らせ • Aug 03+ 1 more updateWillas-Array Electronics (Holdings) Limited Announces Cessation of Leung Hon Shing as Chief Financial Officer, Effective November 2, 2023Willas-Array Electronics (Holdings) Limited announced cessation of Leung Hon Shing as Chief Financial Officer, effective on November 2, 2023. Since the recent significant shareholding and leadership changes in the Company, he has tried his best efforts to bridge the communication gap with the new leadership. Notwithstanding that Mr. Leung does not have any unresolved differences in opinion on material matters with the Board, in view of the lack of alignment with the new leadership, he has difficulty in discharging his duties effectively. As such, Mr. Leung is of the view that this would be an appropriate juncture for him to step down from his roles in the Company, and for the Board to appoint suitable candidate to take on his roles.
Reported Earnings • Jul 05Full year 2023 earnings released: EPS: HK$0.031 (vs HK$0.96 in FY 2022)Full year 2023 results: EPS: HK$0.031 (down from HK$0.96 in FY 2022). Revenue: HK$3.14b (down 8.5% from FY 2022). Net income: HK$2.72m (down 97% from FY 2022). Profit margin: 0.1% (down from 2.4% in FY 2022). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 01Willas-Array Electronics (Holdings) Limited Announces Resignation of Mr. Tang Wai Loong Kenneth as Independent Non-Executive Director, Chairman of the Nomination Committee, Member of the Audit Committee, the Remuneration Committee and the Compliance CommitteeWillas-Array Electronics (Holdings) Limited announced resignation of Mr. Tang Wai Loong Kenneth as Independent Non-executive Director, Chairman of the Nomination Committee, Member of the Audit Committee, the Remuneration Committee and the Compliance Committee. Mr. Tang Wai Loong Kenneth has tendered his resignation as the Independent Non-executive Director, Chairman of the Nomination Committee, Member of the Audit Committee, the Remuneration Committee and the Compliance Committee of the Company due to his belief that the Company's next phase of development should be helmed by a refreshed Board after recent significant shareholding and leadership change of the Company and his having to devote more time and attention to his personal commitments.
Reported Earnings • Jun 01Full year 2023 earnings released: EPS: HK$0.031 (vs HK$0.96 in FY 2022)Full year 2023 results: EPS: HK$0.031 (down from HK$0.96 in FY 2022). Revenue: HK$3.14b (down 8.5% from FY 2022). Net income: HK$2.72m (down 97% from FY 2022). Profit margin: 0.1% (down from 2.4% in FY 2022). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
お知らせ • May 31+ 1 more updateWillas-Array Electronics (Holdings) Limited, Annual General Meeting, Jul 28, 2023Willas-Array Electronics (Holdings) Limited, Annual General Meeting, Jul 28, 2023, at 09:30 China Standard Time.
Board Change • May 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 Kai Tong was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • May 20+ 1 more updateWillas-Array Electronics (Holdings) Limited Appoints Xie Lishu as Non-Executive Director, Chairman of Board as Well as Chairman of Employee Share Option Scheme Committee, Effective May 20, 2023Willas-Array Electronics (Holdings) Limited announced appointment of Mr. Xie Lishu as Non-executive Director, Chairman of the Board as well as Chairman of the Employee Share Option Scheme Committee. Appointment date is May 20, 2023. Professional qualifications: Bachelor Degree in Applied Chemistry, Tongji University (from 1992 to 1996). Working experience and occupations during the past 10 years: CEO, Shanghai YCT Electronics Group Co. Ltd. (from 2008 to 2019) and CEO, Chairman and Director, Shanghai YCT (from 2019 to present). Other Directorships, Present: Chairman, SHANGHAI YCT ELECTRONICS GROUP CO., LTD; Director, Shenzhen E-Mantech Co. Ltd; Director, Shanghai Yaxinli Electronics Trading Co Ltd.; Director, Texin Software Co., Ltd; Director, Shanghai Tamul Power Semiconductor Technology Co., Ltd; Chairman, Shenzhen Ouchuangxin Semiconductor Co., Ltd; Director, TEXIN (HONGKONG) ELECTRONICS CO. LIMITED; Director, TAMUL POWER SEMICONDUCTOR LLC; Director, UPC ELECTRONICS PTE LIMITED; Director, YC ELECTRONIC PARTS CO., LIMITED; Director, UPC COMPONENTS PRIVATE LIMITED; Director, ECORE ELECTRONICS CO., LIMITED; Director, WE COMPONENTS PTE. LTD.; Director, Guizhou Yaguang Electronics Technology Co. Ltd.; Director, Jieyang Kaisheng Electronics Co., Ltd; and Partner, Shanghai Shuoqing Enterprise Management Center (Limited partnership).
お知らせ • May 17Willas-Array Electronics (Holdings) Limited to Report Fiscal Year 2023 Results on May 30, 2023Willas-Array Electronics (Holdings) Limited announced that they will report fiscal year 2023 results on May 30, 2023
Recent Insider Transactions • Apr 28Insider recently sold HK$150m worth of stockOn the 26th of April, Chun Wah Leung sold around 15m shares on-market at roughly HK$10.00 per share. This transaction amounted to 68% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of HK$150m more than they bought in the last 12 months.
Valuation Update With 7 Day Price Move • Mar 31Investor sentiment improves as stock rises 21%After last week's 21% share price gain to HK$3.60, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 6x in the Electronic industry in Hong Kong. Total returns to shareholders of 143% over the past three years.
Buying Opportunity • Jan 03Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be HK$3.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Meanwhile, the company has become profitable.
Reported Earnings • Dec 17First half 2023 earnings released: EPS: HK$0.15 (vs HK$0.51 in 1H 2022)First half 2023 results: EPS: HK$0.15 (down from HK$0.51 in 1H 2022). Revenue: HK$1.78b (flat on 1H 2022). Net income: HK$12.8m (down 71% from 1H 2022). Profit margin: 0.7% (down from 2.4% in 1H 2022). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Reported Earnings • Nov 18First half 2023 earnings released: EPS: HK$0.15 (vs HK$0.51 in 1H 2022)First half 2023 results: EPS: HK$0.15 (down from HK$0.51 in 1H 2022). Revenue: HK$1.78b (flat on 1H 2022). Net income: HK$12.8m (down 71% from 1H 2022). Profit margin: 0.7% (down from 2.4% in 1H 2022). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
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 Kai Tong was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 15+ 1 more updateWillas-Array Electronics (Holdings) Limited Announces Board and Committee ChangesThe board of directors of Willas-Array Electronics (Holdings) Limited announced that Mr. Leung Chun Wah ("Mr. Lawrence Leung") has tendered his resignation as the chairman of the Board and the non-executive director of the Company ("Non-Executive Director"), which will take effect from January 1, 2023 due to his decision to devote more time to his personal affairs and in the interest of the Board's renewal and orderly succession. Accordingly, Mr. Lawrence Leung will cease to be the chairman of the employee share option scheme committee of the Company (the "ESOS Committee") on the same date. To facilitate transition, Mr. Lawrence Leung will continue in all the aforesaid roles until and including December 31, 2022. Following his resignation as the chairman of the Board and a Non-Executive Director, he will then be engaged as a strategic advisor of the Company with effect from January 1, 2023 and the Board believes that with his years of experience and knowledge about the Company and the business of the Group, Mr. Lawrence Leung shall be able to provide invaluable insights and constructive and informed comments on the Group's strategies, policies and performance. The Board announced that Mr. Leung Chi Hang Daniel ("Mr. Daniel Leung"), an executive director of the Company has been appointed by the Board as the chairman of the Board effective from January 1, 2023. Mr. Daniel Leung will also be appointed as the chairman of the ESOS Committee with effect from January 1, 2023 to replace Mr. Lawrence Leung's position. Mr. Daniel Leung, aged 46, is responsible for overseeing the daily operations of the human resources, information technology, logistics and marketing communication departments of the Group. He is also a director of various subsidiaries of the Company. Mr. Daniel Leung obtained a bachelor of science degree in business administration from The Ohio State University, the United States of America ("USA") in 1998 and a master's degree in business administration from The Max M. Fisher College of Business at The Ohio State University, USA in 2004. Upon his graduation with the bachelor's degree and prior to obtaining his master's degree, Mr. Daniel Leung worked at a trading company in Los Angeles, USA, for four years, overseeing its daily operations. Before joining the Group, he worked at Accenture, a global management consulting, technology services and outsourcing firm. Mr. Daniel Leung joined the Group as the general manager for information technology and logistics in 2008. He was promoted as the deputy managing director of information technology and logistics in April 2015. He has also been overseeing the marketing communication department since May 2016 and the human resources department since January 2018.
お知らせ • Nov 02Willas-Array Electronics (Holdings) Limited to Report First Half, 2023 Results on Nov 14, 2022Willas-Array Electronics (Holdings) Limited announced that they will report first half, 2023 results on Nov 14, 2022
お知らせ • Oct 11Willas-Array Electronics (Holdings) Limited Provides consolidated Earnings Guidance for the Six Months Ended September 30, 2022Willas-Array Electronics (Holdings) Limited Provided consolidated Earnings Guidance for the Six Months Ended September 30, 2022. For the period, the company expected to record a consolidated net profit of between HKD 10.5 million and HKD 17.5 million as compared to a consolidated net profit of approximately HKD 43.5 million for the six months ended September 30, 2021.
Valuation Update With 7 Day Price Move • Sep 05Investor sentiment deteriorated over the past weekAfter last week's 22% share price decline to HK$3.25, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 6x in the Electronic industry in Hong Kong. Total returns to shareholders of 32% over the past three years.
Buying Opportunity • Sep 02Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 6.3%. The fair value is estimated to be HK$5.05, 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. Meanwhile, the company has become profitable.
お知らせ • Aug 30+ 1 more updateWillas-Array Electronics (Holdings) Limited Approves Final Dividend for Financial Year Ended March 31, 2022Willas-Array Electronics (Holdings) Limited at its annual general meeting held on August 29, 2022 approved the payment of a final dividend of HKD 33.0 cents per Share for the financial year ended March 31, 2022.
Upcoming Dividend • Aug 29Upcoming dividend of HK$0.73 per shareEligible shareholders must have bought the stock before 05 September 2022. Payment date: 21 September 2022. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 7.7%. Lower than top quartile of Hong Kong dividend payers (8.2%). Higher than average of industry peers (5.6%).
Reported Earnings • Aug 02Full year 2022 earnings released: EPS: HK$0.96 (vs HK$1.09 in FY 2021)Full year 2022 results: EPS: HK$0.96 (down from HK$1.09 in FY 2021). Revenue: HK$3.43b (down 3.7% from FY 2021). Net income: HK$82.2m (down 11% from FY 2021). Profit margin: 2.4% (down from 2.6% 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 100% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 29Willas-Array Electronics (Holdings) Limited Recommends Special Dividend, Payable on or About September 21, 2022Willas-Array Electronics (Holdings) Limited announced that to celebrate 40th anniversary, the board of directors of the Company (the "Directors" and the "Board", respectively) has recommended a special dividend of HK 40.0 cents per ordinary share to thank and reward shareholders for thier support. Those Shareholders whose names will appear on the register of members of the Company (the "Register of Members") at the close of business on September 6, 2022. The Final Dividend and the Special Dividend will be payable on or about September 21, 2022, subject to the Shareholders' approval at the forthcoming 2022 annual general meeting of the Company to be held on August 29, 2022 (the "2022 AGM").
Buying Opportunity • Jul 29Now 20% undervaluedOver the last 90 days, the stock is up 4.3%. The fair value is estimated to be HK$5.21, 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. Meanwhile, the company has become profitable.
Buying Opportunity • Jul 06Now 21% undervaluedOver the last 90 days, the stock is up 8.3%. The fair value is estimated to be HK$5.27, 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. Meanwhile, the company has become profitable.
お知らせ • Jun 30Willas-Array Electronics (Holdings) Limited Proposes an Ordinary Final Dividend for the Financial Year Ended March 31, 2022, Payable on 21 September 2022Willas-Array Electronics (Holdings) Limited proposed an ordinary final dividend of HKD 0.33 per share for the financial year ended March 31, 2022. The date of shareholders' approval is 29 August 2022. The ex-dividend date is 05 September 2022, with record date of 06 September 2022, and payment date is 21 September 2022.
お知らせ • Jun 29+ 1 more updateWillas-Array Electronics (Holdings) Limited Proposes Special Final Dividend for the Financial Year Ended March 31, 2022, Payable on September 21, 2022Willas-Array Electronics (Holdings) Limited proposed special final dividend of HKD 0.40 per share for the financial year ended March 31, 2022, payable on 21 September 2022 with Record date is 06 September 2022 and Ex-dividend date 05 September 2022, Date of shareholders' approval is 29 August 2022.
Buying Opportunity • Jun 17Now 20% undervaluedOver the last 90 days, the stock is up 14%. The fair value is estimated to be HK$5.09, 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. Meanwhile, the company has become profitable.
お知らせ • Jun 16Willas-Array Electronics (Holdings) Limited to Report Fiscal Year 2022 Results on Jun 28, 2022Willas-Array Electronics (Holdings) Limited announced that they will report fiscal year 2022 results on Jun 28, 2022
Reported Earnings • May 29Full year 2022 earnings released: EPS: HK$0.96 (vs HK$1.09 in FY 2021)Full year 2022 results: EPS: HK$0.96 (down from HK$1.09 in FY 2021). Revenue: HK$3.43b (down 3.7% from FY 2021). Net income: HK$82.2m (down 11% from FY 2021). Profit margin: 2.4% (down from 2.6% 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 100% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
お知らせ • May 28+ 2 more updatesWillas-Array Electronics (Holdings) Limited Announces Special Dividend for the Year Ended March 31, 2022Willas-Array Electronics (Holdings) Limited announced the special dividend of HKD 0.4 per share for the Year Ended March 31, 2022.
Recent Insider Transactions • May 13Insider recently bought HK$293k worth of stockOn the 10th of May, Seng Chong Yeo bought around 74k shares on-market at roughly HK$3.95 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$537k more in shares than they have sold in the last 12 months.
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 Kenneth Tang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Dec 17First half 2022 earnings: Revenues and EPS in line with analyst expectationsFirst half 2022 results: EPS: HK$0.51 (up from HK$0.26 in 1H 2021). Revenue: HK$1.79b (up 5.8% from 1H 2021). Net income: HK$43.5m (up 94% from 1H 2021). Profit margin: 2.4% (up from 1.3% in 1H 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. 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 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 13First half 2022 earnings releasedThe company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down HK$22.4m from profit in 1H 2021). Profit margin: (down from 1.3% in 1H 2021). The decrease in margin was driven by lower expenses. 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 4% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Oct 19Insider recently bought HK$227k worth of stockOn the 14th of October, Seng Chong Yeo bought around 345k shares on-market at roughly HK$0.66 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$244k more in shares than they have sold in the last 12 months.
Upcoming Dividend • Aug 02Upcoming dividend of HK$0.33 per shareEligible shareholders must have bought the stock before 09 August 2021. Payment date: 27 August 2021. Trailing yield: 7.8%. Within top quartile of Hong Kong dividend payers (6.5%). Higher than average of industry peers (3.8%).
Reported Earnings • Jun 30Full year 2021 earnings released: EPS HK$1.09 (vs HK$0.85 loss in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: HK$3.56b (up 12% from FY 2020). Net income: HK$92.5m (up HK$165.0m from FY 2020). Profit margin: 2.6% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 30Full year 2021 earnings released: EPS HK$1.09 (vs HK$0.85 loss in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: HK$3.56b (up 12% from FY 2020). Net income: HK$92.5m (up HK$165.0m from FY 2020). Profit margin: 2.6% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% 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 • May 29Willas-Array Electronics (Holdings) Limited Announces Final Cash Dividend for the Financial Year Ended March 31, 2021, Payable on August 27, 2021Willas-Array Electronics (Holdings) Limited announced final cash dividend of HKD 0.33 per share for the financial year ended March 31, 2021. Record Date is August 10, 2021, Ex Date is August 06, 2021 and Payable date is August 27, 2021.
お知らせ • Apr 18Willas-Array Electronics (Holdings) Limited Provides Earnings Guidance for the Year Ended March 31, 2021Willas-Array Electronics (Holdings) Limited provided earnings guidance for the year ended March 31, 2021. The board of directors of the Company informed the shareholders and potential investors of the company that, based on the Board's preliminary assessment of the unaudited consolidated management accounts of the Group for the financial year ended March 31, 2021, it is expected that the Group is likely to record a consolidated net profit of between HKD 88.0 million and HKD 96.0 million for fiscal 2021 as compared to a consolidated net loss of approximately HKD 72.6 million for the financial year ended March 31, 2020.
Reported Earnings • Feb 11Third quarter 2021 earnings released: EPS HK$0.44 (vs HK$0.053 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: HK$1.06b (up 25% from 3Q 2020). Net income: HK$37.3m (up HK$41.8m from 3Q 2020). Profit margin: 3.5% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 74% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
お知らせ • Jan 29Willas-Array Electronics (Holdings) Limited to Report Q3, 2021 Results on Feb 10, 2021Willas-Array Electronics (Holdings) Limited announced that they will report Q3, 2021 results on Feb 10, 2021
Is New 90 Day High Low • Jan 27New 90-day high: HK$2.90The company is up 36% from its price of HK$2.13 on 29 October 2020. The Hong Kong market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 34% over the same period.
Valuation Update With 7 Day Price Move • Jan 15Investor sentiment improved over the past weekAfter last week's 20% share price gain to HK$2.76, the stock is trading at a trailing P/E ratio of 36.1x, up from the previous P/E ratio of 30.1x. This compares to an average P/E of 14x in the Electronic industry in Hong Kong. Total return to shareholders over the past three years is a loss of 44%.
お知らせ • Jan 13Willas-Array Electronics (Holdings) Limited Announces Resignation of Kwok Chan Cheung as DirectorWillas-Array Electronics (Holdings) Limited announced that Kwok Chan Cheung resigned as a director of the, with effect from January 1, 2021.
Reported Earnings • Dec 14Second quarter 2021 earnings released: EPS HK$0.18The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: HK$925.9m (up 5.2% from 2Q 2020). Net income: HK$15.3m (up HK$46.5m from 2Q 2020). Profit margin: 1.7% (up from net loss in 2Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 97% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.
お知らせ • Dec 03+ 1 more updateWillas-Array Electronics (Holdings) Limited Announces Re-Designation of Leung Chun Wah from Executive Director to Non-Executive Director, Effective Jan. 1, 2021Willas-Array Electronics (Holdings) Limited announced that Mr. Leung Chun Wah is currently an Executive Director and the Chairman of the Board of the Company. The Board had considered the Nomination Committee's recommendation and assessment on Mr. Leung's background and experience and approved the re-designation of Mr. Leung from Executive Director to Non-Executive Director of the Company, and is satisfied that he will continue to contribute to the Board, effective Jan. 1, 2021.
Reported Earnings • Nov 13Second quarter 2021 earnings released: EPS HK$0.18The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: HK$925.9m (up 5.2% from 2Q 2020). Net income: HK$15.3m (up HK$46.5m from 2Q 2020). Profit margin: 1.7% (up from net loss in 2Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 97% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 31Willas-Array Electronics (Holdings) Limited to Report Q2, 2021 Results on Nov 12, 2020Willas-Array Electronics (Holdings) Limited announced that they will report Q2, 2021 results on Nov 12, 2020
