Value Partners Group (9Z1) 주식 개요밸류 파트너스 그룹은 공개 소유의 투자 운용사입니다. 자세히 보기9Z1 펀더멘털 분석스노우플레이크 점수가치 평가3/6미래 성장0/6과거 실적3/6재무 건전성6/6배당2/6강점주가수익률(5.9x)이 German 시장(17.3x)보다 낮습니다.지난 1년간 수익이 2037.7% 증가했습니다.동종업계 및 업계 대비 좋은 가치로 거래위험 분석높은 수준의 비현금 수입2.56% 의 배당금은 잉여현금흐름으로 잘 충당되지 않습니다.모든 위험 점검 보기9Z1 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€0.21128.3% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-544m4b2016201920222025202620282031Revenue HK$542.8mEarnings HK$360.4mAdvancedSet Fair ValueView all narrativesValue Partners Group Limited 경쟁사BAVARIA Industries GroupSymbol: MUN:B8AMarket cap: €477.2mOVB HoldingSymbol: XTRA:O4BMarket cap: €299.3mDeutsche BalatonSymbol: HMSE:BBHKMarket cap: €296.5mMLPSymbol: XTRA:MLPMarket cap: €881.4m가격 이력 및 성과Value Partners Group 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가HK$0.2152주 최고가HK$0.3252주 최저가HK$0.14베타0.981개월 변동2.94%3개월 변동-11.02%1년 변동47.89%3년 변동-13.22%5년 변동-59.62%IPO 이후 변동-67.69%최근 뉴스 및 업데이트Board Change • May 20Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Robert Lee was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.공시 • Mar 18Value Partners Group Limited, Annual General Meeting, May 12, 2026Value Partners Group Limited, Annual General Meeting, May 12, 2026.공시 • Mar 03Value Partners Group Limited to Report Fiscal Year 2025 Final Results on Mar 17, 2026Value Partners Group Limited announced that they will report fiscal year 2025 final results at 12:30 PM, China Standard Time on Mar 17, 2026공시 • Jul 30Value Partners Group Limited to Report First Half, 2025 Results on Aug 13, 2025Value Partners Group Limited announced that they will report first half, 2025 results on Aug 13, 2025공시 • Mar 14Value Partners Group Limited announces Annual dividend, payable on May 30, 2025Value Partners Group Limited announced Annual dividend of HKD 0.0100 per share payable on May 30, 2025, ex-date on May 02, 2025 and record date on May 06, 2025.공시 • Mar 13+ 2 more updatesValue Partners Group Limited, Annual General Meeting, Apr 29, 2025Value Partners Group Limited, Annual General Meeting, Apr 29, 2025.더 많은 업데이트 보기Recent updatesBoard Change • May 20Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Robert Lee was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.공시 • Mar 18Value Partners Group Limited, Annual General Meeting, May 12, 2026Value Partners Group Limited, Annual General Meeting, May 12, 2026.공시 • Mar 03Value Partners Group Limited to Report Fiscal Year 2025 Final Results on Mar 17, 2026Value Partners Group Limited announced that they will report fiscal year 2025 final results at 12:30 PM, China Standard Time on Mar 17, 2026공시 • Jul 30Value Partners Group Limited to Report First Half, 2025 Results on Aug 13, 2025Value Partners Group Limited announced that they will report first half, 2025 results on Aug 13, 2025공시 • Mar 14Value Partners Group Limited announces Annual dividend, payable on May 30, 2025Value Partners Group Limited announced Annual dividend of HKD 0.0100 per share payable on May 30, 2025, ex-date on May 02, 2025 and record date on May 06, 2025.공시 • Mar 13+ 2 more updatesValue Partners Group Limited, Annual General Meeting, Apr 29, 2025Value Partners Group Limited, Annual General Meeting, Apr 29, 2025.공시 • Feb 27Value Partners Group Limited to Report Fiscal Year 2024 Results on Mar 13, 2025Value Partners Group Limited announced that they will report fiscal year 2024 results on Mar 13, 2025공시 • Feb 26VP-DJ SHARIAH CHINA A-SHARES 100 ETF - MYR and Value Partners Group Limited Announce Resignation of Lam Mei Kuen, Winnie as Non Independent and Non Executive DirectorVP-DJ SHARIAH CHINA A-SHARES 100 ETF - MYR announced resignation of Miss Lam Mei Kuen, Winnie, age 57 as Non Independent and Non Executive Director with effect on February 26, 2025. Reason: Ms. Lam Mei Kuen Winnie has resigned from the company i.e. Value Partners Group Limited.Recent Insider Transactions • Oct 15Board Member recently sold €169k worth of stockOn the 8th of October, Chun Ki So sold around 650k shares on-market at roughly €0.26 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €292k. Insiders have been net sellers, collectively disposing of €4.3m more than they bought in the last 12 months.Recent Insider Transactions • Oct 06Board Member recently sold €257k worth of stockOn the 3rd of October, Yeuk Yan Hung sold around 970k shares on-market at roughly €0.27 per share. This transaction amounted to 24% 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 €3.6m more than they bought in the last 12 months.New Risk • Sep 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 German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Significant insider selling over the past 3 months (€1.0m sold).Recent Insider Transactions • Sep 10Executive Director recently bought €65k worth of stockOn the 9th of September, Cheng Hye Cheah bought around 450k shares on-market at roughly €0.14 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Cheng Hye has been a buyer over the last 12 months, purchasing a net total of €299k worth in shares.Reported Earnings • Sep 02First half 2024 earnings released: EPS: HK$0.02 (vs HK$0.003 in 1H 2023)First half 2024 results: EPS: HK$0.02 (up from HK$0.003 in 1H 2023). Revenue: HK$261.7m (down 15% from 1H 2023). Net income: HK$37.4m (up HK$32.5m from 1H 2023). Profit margin: 14% (up from 1.6% in 1H 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 1.5% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance.Board Change • Aug 29Less 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 Till Rosar was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Aug 23Value Partners Group Limited Announces Directorate ChangesThe board of directors of Value Partners Group Limited has resolved that with effect from 23 August 2024, Ms. Lin Xianghong and Mr. Li Qian are appointed as Executive Directors; and Mr. Ho Man Kei, Norman tendered his resignation to the Board and resigns as Executive Director in order to focus on his current role as Senior Investment Director. Ms. Lin Xianghong, aged 53, is Executive Director of the Company. Ms. Lin has served as vice chairman of GF Holdings (Hong Kong) Corporation Limited ("GF Holdings") (a wholly owned subsidiary of GF Securities Co. Ltd. ("GF Securities", a company whose shares are listed on the Main Board of the Stock Exchange (stock code: 1776) and the Shenzhen Stock Exchange (stock code: 000776)) since April 2017. She served as chief executive officer of GF Holdings for the period from February 2007 to April 2017. From November 1999 to January 2007, Ms. Lin successively served as business manager of the International Business Department and the Investment Banking Department of GF Securities, head of the Marketing Department of GF Fund Management Co. Ltd. and head of the preparatory group of GF Holdings. From July 1992 to October 1999, Ms. Lin served as an employee and deputy manager of the International Business Department of Guangdong International Trust and Investment Corporation. Ms. Lin is also a director of GF Holdings, which is the substantial shareholder (as defined in the Rules Governing the Listing of Securities on the Stock Exchange, the "Listing Rules") of the Company. Ms. Lin graduated from Nankai University with a Bachelor's Degree in Economics in 1992, Ms. Lin also obtained a Master's Degree in Business Administration (MBA) from Jinan University in 1997, and an Executive Master of Business Administration (EMBA) from the Hong Kong University of Science and Technology in 2015. Mr. Li Qian, aged 39, is Executive Director of the Company. Mr. Li has served as deputy general manager of GF Securities since July 2021. Mr. Li successively served as deputy general manager of Fixed Income Sales and Trading Department of GF Securities (responsible for the overall work of the department), general manager of Fixed Income Sales and Trading Department of GF Securities, and assistant general manager of GF Securities from November 2014 to July 2021. Mr. Li has served as general manager of management headquarters of GF Securities' securities investment business since October 2017. Mr. Li's primary working experience included trader and head (responsible for the overall work of the office) of RMB interest rate trading office of Financial Market Department of the Industrial and Commercial Bank of China from July 2009 to November 2014. Mr. Li obtained a Bachelor's Degree, a Master's Degree and a Doctorate Degree in Economics from Renmin University of China in June 2004, June 2006 and June 2009, respectively. The Board has resolved that with effect from 23 August 2024, Ms. Lin Xianghong is appointed as Co-Chairman of the Board alongside Dato' Seri Cheah Cheng Hye; and Mr. So Chun Ki Louis ceases to be Co-Chairman of the Board and he continues to serve as Executive Director and Co-Chief Investment Officer of the Company. The Board has resolved that with effect from 23 August 2024, Mr. Ho ceases to be a member of the Nomination Committee of the Company and Ms. Lin is appointed to this position in replacement of Mr. Ho.Reported Earnings • Aug 20First half 2024 earnings released: EPS: HK$0.02 (vs HK$0.003 in 1H 2023)First half 2024 results: EPS: HK$0.02 (up from HK$0.003 in 1H 2023). Revenue: HK$267.8m (down 13% from 1H 2023). Net income: HK$37.4m (up HK$32.5m from 1H 2023). Profit margin: 14% (up from 1.6% in 1H 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 1.4% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.공시 • Aug 01Value Partners Group Limited to Report First Half, 2024 Results on Aug 15, 2024Value Partners Group Limited announced that they will report first half, 2024 results on Aug 15, 2024Recent Insider Transactions • Jul 08Key Executive recently sold €173k worth of stockOn the 4th of July, Chun Ki So sold around 1m shares on-market at roughly €0.17 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €460k. Chun Ki has been a net seller over the last 12 months, reducing personal holdings by €1.4m.Recent Insider Transactions • May 29Key Executive recently sold €332k worth of stockOn the 22nd of May, Chun Ki So sold around 1m shares on-market at roughly €0.23 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Chun Ki's only on-market trade for the last 12 months.공시 • May 08Value Partners Group Limited Announces Independent Non-Executive Director ChangesValue Partners Group Limited for the annual general meeting of the Company held on 7 May 2024, Mr. Nobuo Oyama has retired as an independent non-executive director of the Company with effect from the AGM as he has reached the retirement age and would like to retire from his overseas commitments. With effect from the AGM, Mr. Oyama also ceased to be a member of the audit committee, nomination committee and remuneration committee of the Company. The Board announced that Mr. Till Rosar was appointed as an independent non-executive Director and a member of the audit committee, nomination committee and remuneration committee of the Company after the AGM on 7 May 2024 with immediate effect. Mr. Rosar, aged 46, has over 20 years of experience in the financial services industry. Mr. Rosar holds a Master's Degree (Diplom) in Business Administration from the University of Saarbrucken. He also obtained the Innovation & Entrepreneurship Certificate and completed the Executive Program in Strategy & Organisation at the University of Stanford. Mr. Rosar specialised in strategy and mergers and acquisitions and held various senior executive roles in securities exchange, banks and asset managers. He was the Head of Mergers & Acquisitions at the SIX Group in Switzerland, Head of Strategy at the ASX (Australian Securities Exchange) Group, and the Head of M&A (ad interim) at the Westpac Banking Corporation. From July 2018 to September 2022, Mr. Rosar was the Managing Director and Chief Strategy Officer of the Hong Kong Exchanges and Clearing Limited ("HKEx"). In this role, Mr. Rosar oversaw the development of HKEx's strategy, worked alongside the Chief Executive of HKEx and other business heads and led the execution of key strategic projects; he was also appointed as a member to the board of the International Securities Services Association, and the Financial Services Advisory Committee of the Hong Kong Trade Development Council. From October 2022 to July 2023, Mr. Rosar joined the Macquarie Group as the Managing Director. Since August 2023, Mr. Rosar joined Oliver Wyman as a partner, and is leading its financial infrastructure, technology and services practice in Asia Pacific.공시 • Apr 27Value Partners Group Limited Announces Resignation of Wong Wai Man June as Chief Executive OfficerThe board (the "Board") of directors (the "Directors") of Value Partners Group Limited announces that Ms. WONG Wai Man June ("Ms. Wong") has tendered her resignation and stepped down as the Chief Executive Officer of the Company with immediate effect to pursue other personal commitments. Ms. Wong will serve as an advisor to the Board immediately and for the remainder of the calendar year. Ms. Wong has ceased to be a member of the Risk Management Committee and the authorised representative (for the purposes of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Part XVI of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong), "Authorised Representative") of the Company with immediate effect. Ms. Wong has confirmed that she has no disagreement with the Board and there is no matter relating to her resignation that needs to be brought to the attention of the shareholders of the Company. Following the resignation of Ms. Wong, the function of the Chief Executive Officer of the Company will in the meantime be taken up by the Leadership Committee, currently comprising Dato' Seri CHEAH Cheng Hye and Mr. SO Chun Ki Louis ("Mr. So"). The Company will begin the search for a successor to fill this role.공시 • Apr 04Value Partners Group Limited, Annual General Meeting, May 07, 2024Value Partners Group Limited, Annual General Meeting, May 07, 2024, at 14:30 China Standard Time. Location: Artyzen Club, 401A, 4/F., Shun Tak Centre 200 Connaught Road Cantral Hong Kong Agenda: To receive and consider the audited financial statements and the reports of the directors and the auditor for the year ended 31 December 2023; to re-elect Mr. SO Chun Ki Louis as an executive director of the Company; to re-elect Mr. HO Man Kei, Norman as an executive director of the Company; to re-appoint the auditor of the Company and to authorize the board of directors to fix its remuneration; and to transact other matters.Reported Earnings • Mar 22Full year 2023 earnings released: EPS: HK$0.013 (vs HK$0.30 loss in FY 2022)Full year 2023 results: EPS: HK$0.013 (up from HK$0.30 loss in FY 2022). Revenue: HK$587.9m (down 9.5% from FY 2022). Net income: HK$23.1m (up HK$567.4m from FY 2022). Profit margin: 3.9% (up from net loss in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.New Risk • Mar 11New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 217% Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Significant insider selling over the past 3 months (€133m sold).공시 • Mar 09Value Partners Group Limited to Report Fiscal Year 2023 Results on Mar 21, 2024Value Partners Group Limited announced that they will report fiscal year 2023 results on Mar 21, 2024New Risk • Jan 31New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 217% Minor Risk Significant insider selling over the past 3 months (€133m sold).Recent Insider Transactions • Jan 24Board Member recently sold €346k worth of stockOn the 18th of January, Yeuk Yan Hung sold around 2m shares on-market at roughly €0.22 per share. This transaction amounted to 13% 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 €536k more than they bought in the last 12 months.공시 • Jan 12Value Partners Group Limited Provides Earnings Guidance for the Year Ended 31 December 2023Value Partners Group Limited provided earnings guidance for the year ended 31 December 2023. Based on preliminary review of the latest available financial information of the Company, consolidated profit attributable to owners of the Company is expected to increase significantly to about HKD 23 million (an unaudited estimate) for the year ended 31 December 2023 turning from a net loss of HKD 544 million for the year ended 31 December 2022.Buying Opportunity • Dec 29Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be €0.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 43% over the last 3 years. Meanwhile, the company became loss making.Upcoming Dividend • Dec 21Upcoming dividend of HK$0.50 per share at 1.3% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 23 January 2024. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (2.8%).Buying Opportunity • Dec 05Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be €0.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 43% over the last 3 years. Meanwhile, the company became loss making.공시 • Dec 05Value Partners Group Limited Proposes Special DividendValue Partners Group Limited at its meeting held on December 14, 2023 approved the declaration of the Special Dividend of not more than HKD 0.5 per Share payable to holders of Shares.공시 • Oct 14M & A Equity Holdings Berhad (KLSE:M&A) entered into a conditional share sale and purchase agreement to acquire 75% stake in Value Partners Asset Management Malaysia Sdn. Bhd. from Value Partners Group Limited (SEHK:806) for MYR 2.8 million.M & A Equity Holdings Berhad (KLSE:M&A) entered into a conditional share sale and purchase agreement to acquire 75% stake in Value Partners Asset Management Malaysia Sdn. Bhd. from Value Partners Group Limited (SEHK:806) for MYR 2.8 million on October 12, 2023. The consideration is expected to be funded from M & A Equity Holdings Berhad’s internally generated funds. Value Partners Asset Management Malaysia reported net assets of MYR 5.197656 million and loss after tax of MYR 3.826849 million as at December 31, 2022. The transaction is expected to be completed by the fourth quarter of 2023 and is subject to approval of the Securities Commission Malaysia.Buying Opportunity • Oct 03Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €0.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 43% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Aug 13First half 2023 earnings released: EPS: HK$0.003 (vs HK$0.23 loss in 1H 2022)First half 2023 results: EPS: HK$0.003 (up from HK$0.23 loss in 1H 2022). Revenue: HK$314.0m (down 13% from 1H 2022). Net income: HK$4.88m (up HK$433.5m from 1H 2022). Profit margin: 1.6% (up from net loss in 1H 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 48% p.a. on average during the next 2 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.Buying Opportunity • Jul 01Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 1.4%. The fair value is estimated to be €0.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Meanwhile, the company became loss making.Buying Opportunity • May 11Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 21%. The fair value is estimated to be €0.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Meanwhile, the company became loss making.Upcoming Dividend • Apr 26Upcoming dividend of HK$0.034 per share at 1.4% yieldEligible shareholders must have bought the stock before 03 May 2023. Payment date: 25 May 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (2.9%).Buying Opportunity • Apr 25Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 27%. The fair value is estimated to be €0.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Meanwhile, the company became loss making.Buying Opportunity • Mar 21Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be €0.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Mar 18Full year 2022 earnings released: HK$0.30 loss per share (vs HK$0.25 profit in FY 2021)Full year 2022 results: HK$0.30 loss per share (down from HK$0.25 profit in FY 2021). Revenue: HK$661.3m (down 53% from FY 2021). Net loss: HK$544.3m (down 219% from profit in FY 2021). Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 1.9% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.공시 • Feb 03Value Partners Appoints Sean Chang as Co-Chief Investment Officer, Fixed IncomeValue Partners Group Limited has appointed Sean Chang as co-chief investment officer, fixed income, to work alongside alongside existing co-chief investment Officer, fixed income, Gordon Ip. CHANG and IP will both be responsible for leading the fixed income team to create and manage high quality investment solutions for our clients. Both of them will report to Louis So, Co-Chairman and Co-Chief Investment Officer of the Group. Chang joins Value Partners from Ping An of China Asset Management (Hong Kong) Company Limited, where he was most recently Head of Fixed Income for the company. Ip will continue to be based in Hong Kong, whilst Chang will be based in Singapore. Chang spent six years with Baring Asset Management (Asia) Limited as Head of Asia Debt Investment, specialising in Chinese Mainland research strategies and China credit decisions, prior to joining Ping An of China Asset Management (Hong Kong) Company Limited. He also held a number of senior positions in Halbis Capital, Mirae Asset Global Investments, Hang Seng Investment Management, Invesco Asset Management Asia, HSBC Private Bank and HSBC Asset Management. Chang started his career in 1994 and has 28 years of industry experience.공시 • Jan 20Value Partners Group Limited Provides Consolidated Earnings Guidance for the Year Ended 31 December 2022Value Partners Group Limited provided consolidated earnings guidance for the year ended 31 December 2022. For the period, the company expected consolidated loss attributable to owners of the Company is expected to be about HKD 545 million for the year ended 31 December 2022 (unaudited estimate), declining from a profit of HKD 458 million for the year ended 31 December 2021.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non Executive Director Poh Weng Wong was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Aug 12First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down HK$209.8m from profit in 1H 2021). Profit margin: (down from 28% in 1H 2021). Over the next year, revenue is forecast to grow 14% compared to a 7.7% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.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. 5 non-independent directors. Independent Non Executive Director Poh Weng Wong was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 11Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: HK$0.25 (down from HK$0.74 in FY 2020). Revenue: HK$1.41b (down 47% from FY 2020). Net income: HK$457.8m (down 67% from FY 2020). Profit margin: 33% (down from 52% in FY 2020). Revenue missed analyst estimates by 21%. Over the next year, revenue is expected to shrink by 26% compared to a 5.7% decline forecast for the funds industry in Germany. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 14First half 2021 earnings released: EPS HK$0.11 (vs HK$0.068 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: HK$760.1m (up 22% from 1H 2020). Net income: HK$209.8m (up 67% from 1H 2020). Profit margin: 28% (up from 20% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Upcoming Dividend • Apr 27Upcoming dividend of HK$0.34 per shareEligible shareholders must have bought the stock before 04 May 2021. Payment date: 25 May 2021. Trailing yield: 6.3%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.6%).Reported Earnings • Mar 12Full year 2020 earnings released: EPS HK$0.74 (vs HK$0.28 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: HK$2.64b (up 56% from FY 2019). Net income: HK$1.38b (up 169% from FY 2019). Profit margin: 52% (up from 30% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 43% 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.Analyst Estimate Surprise Post Earnings • Mar 12Revenue beats expectationsRevenue exceeded analyst estimates by 46%. Over the next year, revenue is expected to shrink by 16% compared to a 6.3% growth forecast for the Capital Markets industry in Germany.Is New 90 Day High Low • Jan 06New 90-day high: €0.47The company is up 32% from its price of €0.36 on 08 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.42 per share.Is New 90 Day High Low • Nov 23New 90-day high: €0.44The company is up 20% from its price of €0.36 on 25 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.35 per share.Recent Insider Transactions • Nov 19Board Member recently bought €406k worth of stockOn the 17th of November, Man Kei Nmn Ho bought around 1m shares on-market at roughly €0.41 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Is New 90 Day High Low • Sep 23New 90-day low: €0.35The company is down 18% from its price of €0.43 on 25 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.35 per share.주주 수익률9Z1DE Capital MarketsDE 시장7D2.9%0.5%1.6%1Y47.9%4.8%2.2%전체 주주 수익률 보기수익률 대 산업: 9Z1은 지난 1년 동안 4.8%의 수익을 기록한 German Capital Markets 산업보다 더 좋은 성과를 냈습니다.수익률 대 시장: 9Z1은 지난 1년 동안 2.2%를 기록한 German 시장보다 더 좋은 성과를 냈습니다.주가 변동성Is 9Z1's price volatile compared to industry and market?9Z1 volatility9Z1 Average Weekly Movement6.0%Capital Markets Industry Average Movement4.9%Market Average Movement6.0%10% most volatile stocks in DE Market13.2%10% least volatile stocks in DE Market2.7%안정적인 주가: 9Z1는 지난 3개월 동안 German 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: 9Z1의 주간 변동성은 지난 1년간 12%에서 6%로 감소했습니다.회사 소개설립직원 수CEO웹사이트n/a135n/awww.valuepartners-group.com밸류 파트너스 그룹은 공개 소유의 투자 관리 회사입니다. 이 회사는 별도의 고객 중심 포트폴리오를 관리합니다. 이 회사는 고객 중심의 주식, 채권, 다중 자산, 대체 포트폴리오 및 퀀트 투자 솔루션을 별도로 관리합니다.더 보기Value Partners Group Limited 기초 지표 요약Value Partners Group의 순이익과 매출은 시가총액과 어떻게 비교됩니까?9Z1 기초 통계시가총액€431.12m순이익 (TTM)€73.29m매출 (TTM)€110.40m5.9x주가수익비율(P/E)3.9x주가매출비율(P/S)9Z1는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표9Z1 손익계산서 (TTM)매출HK$1.01b매출원가HK$659.51m총이익HK$346.26m기타 비용-HK$321.44m순이익HK$667.70m최근 보고된 실적Dec 31, 2025다음 실적 발표일해당 없음주당순이익(EPS)0.37총이익률34.43%순이익률66.39%부채/자본 비율1.6%9Z1의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당2.6%현재 배당 수익률15%배당 성향9Z1는 안정적으로 배당을 지급합니까?9Z1 배당 기록 및 벤치마크 보기다가오는 배당을 받으려면 언제까지 9Z1를 매수해야 하나요?Value Partners Group 배당 일정배당락일May 14 2026배당 지급일Jun 10 2026배당락일까지 남은 일수14 days배당 지급일까지 남은 일수13 days9Z1는 안정적으로 배당을 지급합니까?9Z1 배당 기록 및 벤치마크 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/27 09:35종가2026/05/27 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Value Partners Group Limited는 8명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관You FanChina International Capital Corporation Limitednull nullChina International Capital Corporation LimitedZeyu YaoChina International Capital Corporation Limited5명의 분석가 더 보기
Board Change • May 20Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Robert Lee was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
공시 • Mar 18Value Partners Group Limited, Annual General Meeting, May 12, 2026Value Partners Group Limited, Annual General Meeting, May 12, 2026.
공시 • Mar 03Value Partners Group Limited to Report Fiscal Year 2025 Final Results on Mar 17, 2026Value Partners Group Limited announced that they will report fiscal year 2025 final results at 12:30 PM, China Standard Time on Mar 17, 2026
공시 • Jul 30Value Partners Group Limited to Report First Half, 2025 Results on Aug 13, 2025Value Partners Group Limited announced that they will report first half, 2025 results on Aug 13, 2025
공시 • Mar 14Value Partners Group Limited announces Annual dividend, payable on May 30, 2025Value Partners Group Limited announced Annual dividend of HKD 0.0100 per share payable on May 30, 2025, ex-date on May 02, 2025 and record date on May 06, 2025.
공시 • Mar 13+ 2 more updatesValue Partners Group Limited, Annual General Meeting, Apr 29, 2025Value Partners Group Limited, Annual General Meeting, Apr 29, 2025.
Board Change • May 20Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Robert Lee was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
공시 • Mar 18Value Partners Group Limited, Annual General Meeting, May 12, 2026Value Partners Group Limited, Annual General Meeting, May 12, 2026.
공시 • Mar 03Value Partners Group Limited to Report Fiscal Year 2025 Final Results on Mar 17, 2026Value Partners Group Limited announced that they will report fiscal year 2025 final results at 12:30 PM, China Standard Time on Mar 17, 2026
공시 • Jul 30Value Partners Group Limited to Report First Half, 2025 Results on Aug 13, 2025Value Partners Group Limited announced that they will report first half, 2025 results on Aug 13, 2025
공시 • Mar 14Value Partners Group Limited announces Annual dividend, payable on May 30, 2025Value Partners Group Limited announced Annual dividend of HKD 0.0100 per share payable on May 30, 2025, ex-date on May 02, 2025 and record date on May 06, 2025.
공시 • Mar 13+ 2 more updatesValue Partners Group Limited, Annual General Meeting, Apr 29, 2025Value Partners Group Limited, Annual General Meeting, Apr 29, 2025.
공시 • Feb 27Value Partners Group Limited to Report Fiscal Year 2024 Results on Mar 13, 2025Value Partners Group Limited announced that they will report fiscal year 2024 results on Mar 13, 2025
공시 • Feb 26VP-DJ SHARIAH CHINA A-SHARES 100 ETF - MYR and Value Partners Group Limited Announce Resignation of Lam Mei Kuen, Winnie as Non Independent and Non Executive DirectorVP-DJ SHARIAH CHINA A-SHARES 100 ETF - MYR announced resignation of Miss Lam Mei Kuen, Winnie, age 57 as Non Independent and Non Executive Director with effect on February 26, 2025. Reason: Ms. Lam Mei Kuen Winnie has resigned from the company i.e. Value Partners Group Limited.
Recent Insider Transactions • Oct 15Board Member recently sold €169k worth of stockOn the 8th of October, Chun Ki So sold around 650k shares on-market at roughly €0.26 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €292k. Insiders have been net sellers, collectively disposing of €4.3m more than they bought in the last 12 months.
Recent Insider Transactions • Oct 06Board Member recently sold €257k worth of stockOn the 3rd of October, Yeuk Yan Hung sold around 970k shares on-market at roughly €0.27 per share. This transaction amounted to 24% 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 €3.6m more than they bought in the last 12 months.
New Risk • Sep 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 German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Significant insider selling over the past 3 months (€1.0m sold).
Recent Insider Transactions • Sep 10Executive Director recently bought €65k worth of stockOn the 9th of September, Cheng Hye Cheah bought around 450k shares on-market at roughly €0.14 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Cheng Hye has been a buyer over the last 12 months, purchasing a net total of €299k worth in shares.
Reported Earnings • Sep 02First half 2024 earnings released: EPS: HK$0.02 (vs HK$0.003 in 1H 2023)First half 2024 results: EPS: HK$0.02 (up from HK$0.003 in 1H 2023). Revenue: HK$261.7m (down 15% from 1H 2023). Net income: HK$37.4m (up HK$32.5m from 1H 2023). Profit margin: 14% (up from 1.6% in 1H 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 1.5% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance.
Board Change • Aug 29Less 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 Till Rosar was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Aug 23Value Partners Group Limited Announces Directorate ChangesThe board of directors of Value Partners Group Limited has resolved that with effect from 23 August 2024, Ms. Lin Xianghong and Mr. Li Qian are appointed as Executive Directors; and Mr. Ho Man Kei, Norman tendered his resignation to the Board and resigns as Executive Director in order to focus on his current role as Senior Investment Director. Ms. Lin Xianghong, aged 53, is Executive Director of the Company. Ms. Lin has served as vice chairman of GF Holdings (Hong Kong) Corporation Limited ("GF Holdings") (a wholly owned subsidiary of GF Securities Co. Ltd. ("GF Securities", a company whose shares are listed on the Main Board of the Stock Exchange (stock code: 1776) and the Shenzhen Stock Exchange (stock code: 000776)) since April 2017. She served as chief executive officer of GF Holdings for the period from February 2007 to April 2017. From November 1999 to January 2007, Ms. Lin successively served as business manager of the International Business Department and the Investment Banking Department of GF Securities, head of the Marketing Department of GF Fund Management Co. Ltd. and head of the preparatory group of GF Holdings. From July 1992 to October 1999, Ms. Lin served as an employee and deputy manager of the International Business Department of Guangdong International Trust and Investment Corporation. Ms. Lin is also a director of GF Holdings, which is the substantial shareholder (as defined in the Rules Governing the Listing of Securities on the Stock Exchange, the "Listing Rules") of the Company. Ms. Lin graduated from Nankai University with a Bachelor's Degree in Economics in 1992, Ms. Lin also obtained a Master's Degree in Business Administration (MBA) from Jinan University in 1997, and an Executive Master of Business Administration (EMBA) from the Hong Kong University of Science and Technology in 2015. Mr. Li Qian, aged 39, is Executive Director of the Company. Mr. Li has served as deputy general manager of GF Securities since July 2021. Mr. Li successively served as deputy general manager of Fixed Income Sales and Trading Department of GF Securities (responsible for the overall work of the department), general manager of Fixed Income Sales and Trading Department of GF Securities, and assistant general manager of GF Securities from November 2014 to July 2021. Mr. Li has served as general manager of management headquarters of GF Securities' securities investment business since October 2017. Mr. Li's primary working experience included trader and head (responsible for the overall work of the office) of RMB interest rate trading office of Financial Market Department of the Industrial and Commercial Bank of China from July 2009 to November 2014. Mr. Li obtained a Bachelor's Degree, a Master's Degree and a Doctorate Degree in Economics from Renmin University of China in June 2004, June 2006 and June 2009, respectively. The Board has resolved that with effect from 23 August 2024, Ms. Lin Xianghong is appointed as Co-Chairman of the Board alongside Dato' Seri Cheah Cheng Hye; and Mr. So Chun Ki Louis ceases to be Co-Chairman of the Board and he continues to serve as Executive Director and Co-Chief Investment Officer of the Company. The Board has resolved that with effect from 23 August 2024, Mr. Ho ceases to be a member of the Nomination Committee of the Company and Ms. Lin is appointed to this position in replacement of Mr. Ho.
Reported Earnings • Aug 20First half 2024 earnings released: EPS: HK$0.02 (vs HK$0.003 in 1H 2023)First half 2024 results: EPS: HK$0.02 (up from HK$0.003 in 1H 2023). Revenue: HK$267.8m (down 13% from 1H 2023). Net income: HK$37.4m (up HK$32.5m from 1H 2023). Profit margin: 14% (up from 1.6% in 1H 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 1.4% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.
공시 • Aug 01Value Partners Group Limited to Report First Half, 2024 Results on Aug 15, 2024Value Partners Group Limited announced that they will report first half, 2024 results on Aug 15, 2024
Recent Insider Transactions • Jul 08Key Executive recently sold €173k worth of stockOn the 4th of July, Chun Ki So sold around 1m shares on-market at roughly €0.17 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €460k. Chun Ki has been a net seller over the last 12 months, reducing personal holdings by €1.4m.
Recent Insider Transactions • May 29Key Executive recently sold €332k worth of stockOn the 22nd of May, Chun Ki So sold around 1m shares on-market at roughly €0.23 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Chun Ki's only on-market trade for the last 12 months.
공시 • May 08Value Partners Group Limited Announces Independent Non-Executive Director ChangesValue Partners Group Limited for the annual general meeting of the Company held on 7 May 2024, Mr. Nobuo Oyama has retired as an independent non-executive director of the Company with effect from the AGM as he has reached the retirement age and would like to retire from his overseas commitments. With effect from the AGM, Mr. Oyama also ceased to be a member of the audit committee, nomination committee and remuneration committee of the Company. The Board announced that Mr. Till Rosar was appointed as an independent non-executive Director and a member of the audit committee, nomination committee and remuneration committee of the Company after the AGM on 7 May 2024 with immediate effect. Mr. Rosar, aged 46, has over 20 years of experience in the financial services industry. Mr. Rosar holds a Master's Degree (Diplom) in Business Administration from the University of Saarbrucken. He also obtained the Innovation & Entrepreneurship Certificate and completed the Executive Program in Strategy & Organisation at the University of Stanford. Mr. Rosar specialised in strategy and mergers and acquisitions and held various senior executive roles in securities exchange, banks and asset managers. He was the Head of Mergers & Acquisitions at the SIX Group in Switzerland, Head of Strategy at the ASX (Australian Securities Exchange) Group, and the Head of M&A (ad interim) at the Westpac Banking Corporation. From July 2018 to September 2022, Mr. Rosar was the Managing Director and Chief Strategy Officer of the Hong Kong Exchanges and Clearing Limited ("HKEx"). In this role, Mr. Rosar oversaw the development of HKEx's strategy, worked alongside the Chief Executive of HKEx and other business heads and led the execution of key strategic projects; he was also appointed as a member to the board of the International Securities Services Association, and the Financial Services Advisory Committee of the Hong Kong Trade Development Council. From October 2022 to July 2023, Mr. Rosar joined the Macquarie Group as the Managing Director. Since August 2023, Mr. Rosar joined Oliver Wyman as a partner, and is leading its financial infrastructure, technology and services practice in Asia Pacific.
공시 • Apr 27Value Partners Group Limited Announces Resignation of Wong Wai Man June as Chief Executive OfficerThe board (the "Board") of directors (the "Directors") of Value Partners Group Limited announces that Ms. WONG Wai Man June ("Ms. Wong") has tendered her resignation and stepped down as the Chief Executive Officer of the Company with immediate effect to pursue other personal commitments. Ms. Wong will serve as an advisor to the Board immediately and for the remainder of the calendar year. Ms. Wong has ceased to be a member of the Risk Management Committee and the authorised representative (for the purposes of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Part XVI of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong), "Authorised Representative") of the Company with immediate effect. Ms. Wong has confirmed that she has no disagreement with the Board and there is no matter relating to her resignation that needs to be brought to the attention of the shareholders of the Company. Following the resignation of Ms. Wong, the function of the Chief Executive Officer of the Company will in the meantime be taken up by the Leadership Committee, currently comprising Dato' Seri CHEAH Cheng Hye and Mr. SO Chun Ki Louis ("Mr. So"). The Company will begin the search for a successor to fill this role.
공시 • Apr 04Value Partners Group Limited, Annual General Meeting, May 07, 2024Value Partners Group Limited, Annual General Meeting, May 07, 2024, at 14:30 China Standard Time. Location: Artyzen Club, 401A, 4/F., Shun Tak Centre 200 Connaught Road Cantral Hong Kong Agenda: To receive and consider the audited financial statements and the reports of the directors and the auditor for the year ended 31 December 2023; to re-elect Mr. SO Chun Ki Louis as an executive director of the Company; to re-elect Mr. HO Man Kei, Norman as an executive director of the Company; to re-appoint the auditor of the Company and to authorize the board of directors to fix its remuneration; and to transact other matters.
Reported Earnings • Mar 22Full year 2023 earnings released: EPS: HK$0.013 (vs HK$0.30 loss in FY 2022)Full year 2023 results: EPS: HK$0.013 (up from HK$0.30 loss in FY 2022). Revenue: HK$587.9m (down 9.5% from FY 2022). Net income: HK$23.1m (up HK$567.4m from FY 2022). Profit margin: 3.9% (up from net loss in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.
New Risk • Mar 11New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 217% Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Significant insider selling over the past 3 months (€133m sold).
공시 • Mar 09Value Partners Group Limited to Report Fiscal Year 2023 Results on Mar 21, 2024Value Partners Group Limited announced that they will report fiscal year 2023 results on Mar 21, 2024
New Risk • Jan 31New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 217% Minor Risk Significant insider selling over the past 3 months (€133m sold).
Recent Insider Transactions • Jan 24Board Member recently sold €346k worth of stockOn the 18th of January, Yeuk Yan Hung sold around 2m shares on-market at roughly €0.22 per share. This transaction amounted to 13% 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 €536k more than they bought in the last 12 months.
공시 • Jan 12Value Partners Group Limited Provides Earnings Guidance for the Year Ended 31 December 2023Value Partners Group Limited provided earnings guidance for the year ended 31 December 2023. Based on preliminary review of the latest available financial information of the Company, consolidated profit attributable to owners of the Company is expected to increase significantly to about HKD 23 million (an unaudited estimate) for the year ended 31 December 2023 turning from a net loss of HKD 544 million for the year ended 31 December 2022.
Buying Opportunity • Dec 29Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be €0.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 43% over the last 3 years. Meanwhile, the company became loss making.
Upcoming Dividend • Dec 21Upcoming dividend of HK$0.50 per share at 1.3% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 23 January 2024. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (2.8%).
Buying Opportunity • Dec 05Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be €0.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 43% over the last 3 years. Meanwhile, the company became loss making.
공시 • Dec 05Value Partners Group Limited Proposes Special DividendValue Partners Group Limited at its meeting held on December 14, 2023 approved the declaration of the Special Dividend of not more than HKD 0.5 per Share payable to holders of Shares.
공시 • Oct 14M & A Equity Holdings Berhad (KLSE:M&A) entered into a conditional share sale and purchase agreement to acquire 75% stake in Value Partners Asset Management Malaysia Sdn. Bhd. from Value Partners Group Limited (SEHK:806) for MYR 2.8 million.M & A Equity Holdings Berhad (KLSE:M&A) entered into a conditional share sale and purchase agreement to acquire 75% stake in Value Partners Asset Management Malaysia Sdn. Bhd. from Value Partners Group Limited (SEHK:806) for MYR 2.8 million on October 12, 2023. The consideration is expected to be funded from M & A Equity Holdings Berhad’s internally generated funds. Value Partners Asset Management Malaysia reported net assets of MYR 5.197656 million and loss after tax of MYR 3.826849 million as at December 31, 2022. The transaction is expected to be completed by the fourth quarter of 2023 and is subject to approval of the Securities Commission Malaysia.
Buying Opportunity • Oct 03Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €0.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 43% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Aug 13First half 2023 earnings released: EPS: HK$0.003 (vs HK$0.23 loss in 1H 2022)First half 2023 results: EPS: HK$0.003 (up from HK$0.23 loss in 1H 2022). Revenue: HK$314.0m (down 13% from 1H 2022). Net income: HK$4.88m (up HK$433.5m from 1H 2022). Profit margin: 1.6% (up from net loss in 1H 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 48% p.a. on average during the next 2 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.
Buying Opportunity • Jul 01Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 1.4%. The fair value is estimated to be €0.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Meanwhile, the company became loss making.
Buying Opportunity • May 11Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 21%. The fair value is estimated to be €0.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Meanwhile, the company became loss making.
Upcoming Dividend • Apr 26Upcoming dividend of HK$0.034 per share at 1.4% yieldEligible shareholders must have bought the stock before 03 May 2023. Payment date: 25 May 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (2.9%).
Buying Opportunity • Apr 25Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 27%. The fair value is estimated to be €0.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Meanwhile, the company became loss making.
Buying Opportunity • Mar 21Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be €0.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Mar 18Full year 2022 earnings released: HK$0.30 loss per share (vs HK$0.25 profit in FY 2021)Full year 2022 results: HK$0.30 loss per share (down from HK$0.25 profit in FY 2021). Revenue: HK$661.3m (down 53% from FY 2021). Net loss: HK$544.3m (down 219% from profit in FY 2021). Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 1.9% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
공시 • Feb 03Value Partners Appoints Sean Chang as Co-Chief Investment Officer, Fixed IncomeValue Partners Group Limited has appointed Sean Chang as co-chief investment officer, fixed income, to work alongside alongside existing co-chief investment Officer, fixed income, Gordon Ip. CHANG and IP will both be responsible for leading the fixed income team to create and manage high quality investment solutions for our clients. Both of them will report to Louis So, Co-Chairman and Co-Chief Investment Officer of the Group. Chang joins Value Partners from Ping An of China Asset Management (Hong Kong) Company Limited, where he was most recently Head of Fixed Income for the company. Ip will continue to be based in Hong Kong, whilst Chang will be based in Singapore. Chang spent six years with Baring Asset Management (Asia) Limited as Head of Asia Debt Investment, specialising in Chinese Mainland research strategies and China credit decisions, prior to joining Ping An of China Asset Management (Hong Kong) Company Limited. He also held a number of senior positions in Halbis Capital, Mirae Asset Global Investments, Hang Seng Investment Management, Invesco Asset Management Asia, HSBC Private Bank and HSBC Asset Management. Chang started his career in 1994 and has 28 years of industry experience.
공시 • Jan 20Value Partners Group Limited Provides Consolidated Earnings Guidance for the Year Ended 31 December 2022Value Partners Group Limited provided consolidated earnings guidance for the year ended 31 December 2022. For the period, the company expected consolidated loss attributable to owners of the Company is expected to be about HKD 545 million for the year ended 31 December 2022 (unaudited estimate), declining from a profit of HKD 458 million for the year ended 31 December 2021.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non Executive Director Poh Weng Wong was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Aug 12First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down HK$209.8m from profit in 1H 2021). Profit margin: (down from 28% in 1H 2021). Over the next year, revenue is forecast to grow 14% compared to a 7.7% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
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. 5 non-independent directors. Independent Non Executive Director Poh Weng Wong was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 11Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: HK$0.25 (down from HK$0.74 in FY 2020). Revenue: HK$1.41b (down 47% from FY 2020). Net income: HK$457.8m (down 67% from FY 2020). Profit margin: 33% (down from 52% in FY 2020). Revenue missed analyst estimates by 21%. Over the next year, revenue is expected to shrink by 26% compared to a 5.7% decline forecast for the funds industry in Germany. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 14First half 2021 earnings released: EPS HK$0.11 (vs HK$0.068 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: HK$760.1m (up 22% from 1H 2020). Net income: HK$209.8m (up 67% from 1H 2020). Profit margin: 28% (up from 20% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Apr 27Upcoming dividend of HK$0.34 per shareEligible shareholders must have bought the stock before 04 May 2021. Payment date: 25 May 2021. Trailing yield: 6.3%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.6%).
Reported Earnings • Mar 12Full year 2020 earnings released: EPS HK$0.74 (vs HK$0.28 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: HK$2.64b (up 56% from FY 2019). Net income: HK$1.38b (up 169% from FY 2019). Profit margin: 52% (up from 30% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 43% 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.
Analyst Estimate Surprise Post Earnings • Mar 12Revenue beats expectationsRevenue exceeded analyst estimates by 46%. Over the next year, revenue is expected to shrink by 16% compared to a 6.3% growth forecast for the Capital Markets industry in Germany.
Is New 90 Day High Low • Jan 06New 90-day high: €0.47The company is up 32% from its price of €0.36 on 08 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.42 per share.
Is New 90 Day High Low • Nov 23New 90-day high: €0.44The company is up 20% from its price of €0.36 on 25 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.35 per share.
Recent Insider Transactions • Nov 19Board Member recently bought €406k worth of stockOn the 17th of November, Man Kei Nmn Ho bought around 1m shares on-market at roughly €0.41 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Is New 90 Day High Low • Sep 23New 90-day low: €0.35The company is down 18% from its price of €0.43 on 25 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.35 per share.
