Courage Investment Group (CIN) 주식 개요투자 지주 회사인 Courage Investment Group Limited는 홍콩 및 기타 아시아 지역에서 해상 운송 서비스를 제공합니다. 자세히 보기CIN 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장0/6과거 실적0/6재무 건전성5/6배당0/6위험 분석cash runway 경력이 1년 미만입니다.주식은 유동성이 매우 낮습니다지난 5년간 매년 수익이 28.7% 감소했습니다.의미 있는 시가총액이 없습니다(SGD26M)모든 위험 점검 보기CIN Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW475,857 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 NarrativeBLINRODA475,857 investors already sharing narrativesYour Fair ValueS$Current PriceS$0.01668.0% 저평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-37m25m2016201920222025202620282031Revenue US$24.9mEarnings US$5.0mAdvancedSet Fair ValueView all narrativesCourage Investment Group Limited 경쟁사Singapore ShippingSymbol: SGX:S19Market cap: S$114.2mFirst Ship Lease TrustSymbol: SGX:D8DUMarket cap: S$65.4mMetis EnergySymbol: SGX:L02Market cap: S$118.3mMarco Polo MarineSymbol: SGX:5LYMarket cap: S$520.6m가격 이력 및 성과Courage Investment Group 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가HK$0.01652주 최고가HK$0.0352주 최저가HK$0.016베타0.601개월 변동0%3개월 변동n/a1년 변동-23.81%3년 변동60.00%5년 변동-52.94%IPO 이후 변동-97.60%최근 뉴스 및 업데이트공고 • Aug 07Courage Investment Group Limited to Report First Half, 2026 Results on Aug 21, 2026Courage Investment Group Limited announced that they will report first half, 2026 results on Aug 21, 2026Board Change • Jul 15High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CEO & Executive Director Ying Ha Wu is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.공고 • May 19Courage Investment Group Limited, Annual General Meeting, Jun 12, 2026Courage Investment Group Limited, Annual General Meeting, Jun 12, 2026, at 14:00 China Standard Time. Location: plaza 1-2, basement 3, novotel century hong kong, 238 jaffe road, wanchai, Hong KongBoard Change • Apr 07High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Director Catherine Lee 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.Reported Earnings • Mar 28Full year 2025 earnings released: EPS: US$0 (vs US$0.002 in FY 2024)Full year 2025 results: EPS: US$0 (down from US$0.002 in FY 2024). Revenue: US$18.6m (up 103% from FY 2024). Net loss: US$357.0k (down 121% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.New Risk • Mar 24New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 Shares are highly illiquid. Earnings have declined by 13% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$18m). Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (S$25.2m market cap, or US$19.8m).더 많은 업데이트 보기Recent updates공고 • Aug 07Courage Investment Group Limited to Report First Half, 2026 Results on Aug 21, 2026Courage Investment Group Limited announced that they will report first half, 2026 results on Aug 21, 2026Board Change • Jul 15High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CEO & Executive Director Ying Ha Wu is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.공고 • May 19Courage Investment Group Limited, Annual General Meeting, Jun 12, 2026Courage Investment Group Limited, Annual General Meeting, Jun 12, 2026, at 14:00 China Standard Time. Location: plaza 1-2, basement 3, novotel century hong kong, 238 jaffe road, wanchai, Hong KongBoard Change • Apr 07High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Director Catherine Lee 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.Reported Earnings • Mar 28Full year 2025 earnings released: EPS: US$0 (vs US$0.002 in FY 2024)Full year 2025 results: EPS: US$0 (down from US$0.002 in FY 2024). Revenue: US$18.6m (up 103% from FY 2024). Net loss: US$357.0k (down 121% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.New Risk • Mar 24New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 Shares are highly illiquid. Earnings have declined by 13% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$18m). Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (S$25.2m market cap, or US$19.8m).Board Change • Mar 18High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Director Catherine Lee 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.공고 • Mar 17Courage Investment Group Limited to Report Fiscal Year 2025 Results on Mar 27, 2026Courage Investment Group Limited announced that they will report fiscal year 2025 results on Mar 27, 2026Board Change • Feb 24High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Director Catherine Lee 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.Board Change • Jan 06High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Director Catherine Lee 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.Board Change • Dec 04High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Director Catherine Lee 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.Board Change • Nov 06High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Director Catherine Lee 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.Board Change • Oct 06High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Director Catherine Lee 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.Reported Earnings • Sep 11First half 2025 earnings released: US$0.002 loss per share (vs US$0.001 profit in 1H 2024)First half 2025 results: US$0.002 loss per share (down from US$0.001 profit in 1H 2024). Revenue: US$4.38m (down 14% from 1H 2024). Net loss: US$1.71m (down 234% from profit in 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.Board Change • Sep 09High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Director Catherine Lee 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.Reported Earnings • Aug 21First half 2025 earnings released: US$0.002 loss per share (vs US$0.001 profit in 1H 2024)First half 2025 results: US$0.002 loss per share (down from US$0.001 profit in 1H 2024). Revenue: US$4.38m (down 14% from 1H 2024). Net loss: US$1.71m (down 234% from profit in 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.Board Change • Aug 21High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Director Catherine Lee 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.공고 • Aug 06Courage Investment Group Limited to Report First Half, 2025 Results on Aug 20, 2025Courage Investment Group Limited announced that they will report first half, 2025 results on Aug 20, 2025Board Change • Jul 22High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Director Catherine Lee 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.Board Change • Jun 20High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Director Catherine Lee 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.공고 • May 21Courage Investment Group Limited, Annual General Meeting, Jun 17, 2025Courage Investment Group Limited, Annual General Meeting, Jun 17, 2025, at 11:00 China Standard Time. Location: plaza 1-2, basement 3, novotel century hong kong, 238 jaffe road., wanchai Hong KongBoard Change • Apr 28High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Director Catherine Lee 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.Reported Earnings • Apr 17Full year 2024 earnings released: EPS: US$0.002 (vs US$0.004 loss in FY 2023)Full year 2024 results: EPS: US$0.002 (up from US$0.004 loss in FY 2023). Revenue: US$9.18m (up 7.9% from FY 2023). Net income: US$1.71m (up US$5.68m from FY 2023). Profit margin: 19% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.Board Change • Apr 01High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Yiyong Qiu was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공고 • Mar 31Courage Investment Group Limited Announces Board and Committees ChangesThe board of directors of Courage Investment Group Limited (the "Company") announced that with effect from 31 March 2025, Mr. Zhou Qijin ("Mr. Zhou"), Mr. Pau Shiu Ming ("Mr. Pau") and Mr. Tsao Hoi Ho ("Mr. Tsao") have resigned as independent non-executive Directors as they need to devote more time to their other business engagements. The Board further announces that with effect from 31 March 2025, the composition of the committees of the Board be changed as follows: Mr. Zhou ceased to be the Chairman of the nomination committee of the Company (the "Nomination Committee") and a member of the audit committee of the Company (the "Audit Committee") and the remuneration committee of the Company (the "Remuneration Committee"); Mr. Pau ceased to be the Chairman of the Remuneration Committee and a member of the Nomination Committee and Audit Committee; Mr. Tsao ceased to be the Chairman of the Audit Committee and a member of the Nomination Committee and Remuneration Committee; Ms. Liu Sainan ("Ms. Liu"), the Chairlady of the Board and executive Director of the Company has been appointed as the chairlady of the Nomination Committee; Mr. Zhu Gaoming ("Mr. Zhu"), an independent non-executive Director of the Company, has been appointed as the chairman of the Audit Committee; and Mr. Qiu Yiyong ("Mr. Qiu"), an independent non-executive Director of the Company, has been appointed as the chairman of the Remuneration Committee.공고 • Mar 10+ 1 more updateCourage Investment Group Limited Announces Chief Executive Officer ChangesThe Board of Courage Investment Group Limited announced that with effect from 10 March 2025, Ms. Lee Chun Yeung, Catherine ("Ms. Lee") has stepped down from her position as the chief executive officer of the Company (the "CEO") as she needs to devote more time to her other business engagements; and Mr. Wu Ying Ha ("Mr. Wu"), an executive Director, has been appointed as the CEO. Mr. Wu, age 61, was appointed as an executive Director of the Company in October 2024 and was also a director of various subsidiaries of the Company. Mr. Wu holds a Master of Business Administration degree from Southeastern University in Washington D.C., United States. Before joining the Group, Mr. Wu had held senior positions in several member companies of CITIC Group for over 20 years, including the positions of chief corporate officer and senior corporate director in liaison and project management of Dah Chong Hong Holdings Limited ("DCH"), a company previously listed on the Main Board of the Stock Exchange; a director of Dah Chong Hong Macau Total Supply Chain Management Company Limited; the chairman and general manager of DCH China Consumer Goods; a vice president of CRH; and an assistant general manager and the general manager of the personnel & administration department of CITIC United Asia Investments Limited. Mr. Wu had also served as an assistant general manager of the international tour department of China Travel Service (Hong Kong) Limited. Mr. Wu has over 20 years of corporate management experience in tourism, consumer goods trading, supply chain management and resources businesses. Mr. Wu was an executive director and the chief executive officer of China Ecotourism Group Limited until January 2022. Save as disclosed above, Mr. Wu has not held any directorship in other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the three years prior to the date of this announcement.Reported Earnings • Mar 08Full year 2024 earnings released: EPS: US$0.002 (vs US$0.004 loss in FY 2023)Full year 2024 results: EPS: US$0.002 (up from US$0.004 loss in FY 2023). Revenue: US$9.18m (up 7.9% from FY 2023). Net income: US$1.71m (up US$5.68m from FY 2023). Profit margin: 19% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance.공고 • Feb 20Liu Sainan completed the acquisition of an additional 22.89% stake in Courage Investment Group Limited (SEHK:1145) in a management buyout transaction for approximately HKD 27.49 million.Liu Sainan proposed to acquire an additional 71.08% stake in Courage Investment Group Limited (SEHK:1145) for HKD 85.4 million on December 4, 2024. The offer is made at an offer price of HKD 0.1094 per share. The offeror already holds 28.79% of the total issued share capital of Courage Investment Group. The Offeror intends to finance the consideration payable under the Offer with its own internal cash resources of HKD 26.5 million and the facility of HKD 60 million provided by Get Nice. The Board of Directors of Courage Investment Group Limited formed a special committee for the transaction. The tender offer is expected to close on February 21, 2025. The Offer, which is conditional, is made on January 17, 2025, and is capable of acceptance on and from that date for the whole of the Offer Period. In accordance with the Takeovers Code, except with the consent of the Executive, the Offer may not become or be declared unconditional as to acceptances after the 60th day after the day this Composite Document is posted. Accordingly, unless the Offer has previously become unconditional as to acceptances, the Offer will lapse on 18 March 2025 unless extended with the consent of the Executive. As per the announcement dated February 4, 2025 the offer has become unconditional. Nuada Limited acted as financial advisor for Courage Investment Group Limited. GET NICE SECURITIES LIMITED is acting as the financial adviser to the offeror. Boardroom Corporate & Advisory Services Pte. Ltd acted as registrar to the offer. Liu Sainan completed the acquisition of an additional 22.89% stake in Courage Investment Group Limited (SEHK:1145) for HKD 27.7 million on February 18, 2025. The offeror already holds 28.79% of the total issued share capital of Courage Investment Group. Taking into account the Acceptance Shares, and the aforementioned 317,432,132 Shares already owned by the Offeror and parties acting in concert with it, representing approximately 28.92% of the total issued share capital of Company, the Offeror and parties acting in concert with it will hold an aggregate of 568,768,963 Shares, representing approximately 51.81% of the total issued share capital of the Company as at the date of this joint announcement. All the 1,442,000 Shares held by Hung immediately before the commencement of the Offer Period had been validly tendered for acceptance under the Offer and Hung is not interested in any Shares. The Offeror and the Company jointly announce that the Offer closed on 18 February 2025 and was not revised or extended by the Offeror. The latest date for posting remittances for the amounts due in respect of valid acceptances received under the Offer will be on 27 February 2025.공고 • Feb 19Courage Investment Group Limited to Report Fiscal Year 2024 Results on Mar 07, 2025Courage Investment Group Limited announced that they will report fiscal year 2024 results on Mar 07, 2025공고 • Dec 05Liu Sainan completed the acquisition of 28.79% stake in Courage Investment Group Limited (SEHK:1145).Liu Sainan agreed to acquire 28.79% stake in Courage Investment Group Limited (SEHK:1145) for HKD 34.5 million on November 26, 2024. The total consideration for the purchase of the sales shares was paid by the offeror from its internal resources. Liu Sainan completed the acquisition of 28.79% stake in Courage Investment Group Limited (SEHK:1145) on November 28, 2024.공고 • Nov 23Courage Investment Group Limited Announces Director ChangesThe Board of Directors of Courage Investment Group Limited announced that with effect from 22 November 2024, Mr. Sue Ka Lok has resigned as Executive Director and Chairman of the Board of the Company, and ceased to be a member of the Nomination Committee of the Company as he needs to devote more time to his other business engagements. Mr. Sue will remain as a director of various subsidiaries of the Company to ensure a smooth transition of his duties. Ms. Lee Chun Yeung, Catherine, an Executive Director and the Chief Executive Officer of the Company, has been appointed as the Authorised Representative with effect from 22 November 2024 in replacement of Mr. Sue.Board Change • Oct 17Less 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 Terry Tsao was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공고 • Oct 08Courage Investment Group Limited Appoints Wu Ying Ha as Executive DirectorCourage Investment Group Limited announced that with effect from 8 October 2024, Mr. Wu Ying Ha ("Mr. Wu") has been appointed as Executive Director of the Company. Aged 61, holds a Master of Business Administration in Management degree from Southeastern University in Washington D.C., United States. Before joining the Group, Mr. Wu had held senior positions in several member companies of CITIC Group for over 20 years, including the positions of chief corporate officer and senior corporate director in liaison and project management of Dah Chong Hong Holdings Limited ("DCH"), a company previously listed on the Main Board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange"); a director of Dah Chong Hong Macau Total Supply Chain Management Company Limited; the chairman and general manager of DCH China Consumer Goods; a vice president of CITIC Resources Holdings Limited, a company listed on the Main Board of the Stock Exchange; and an assistant general manager and the general manager of the personnel & administration department of CITIC United Asia Investments Limited. Mr. Wu had also served as an assistant general manager of the international tour department of China Travel Service (Hong Kong) Limited. Mr. Wu has over 20 years of corporate management experience in tourism, consumer goods trading, supply chain management and resources businesses. Mr. Wu was an executive director and the chief executive officer of China Ecotourism Group Limited, a company listed on the Main Board of the Stock Exchange, until January 2022.Reported Earnings • Oct 02First half 2024 earnings released: EPS: US$0.001 (vs US$0.001 loss in 1H 2023)First half 2024 results: EPS: US$0.001 (up from US$0.001 loss in 1H 2023). Revenue: US$5.07m (up 27% from 1H 2023). Net income: US$1.28m (up US$2.26m from 1H 2023). Profit margin: 25% (up from net loss in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance.Buy Or Sell Opportunity • Sep 12Now 39% undervaluedOver the last 90 days, the stock has risen 50% to S$0.015. The fair value is estimated to be S$0.025, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 81%.Reported Earnings • Aug 31First half 2024 earnings released: EPS: US$0.001 (vs US$0.001 loss in 1H 2023)First half 2024 results: EPS: US$0.001 (up from US$0.001 loss in 1H 2023). Revenue: US$5.07m (up 27% from 1H 2023). Net income: US$1.28m (up US$2.26m from 1H 2023). Profit margin: 25% (up from net loss in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.New Risk • Aug 28New major risk - Revenue and earnings growthEarnings have declined by 7.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 7.8% per year over the past 5 years. Minor Risk Market cap is less than US$100m (S$33.4m market cap, or US$25.6m).Buy Or Sell Opportunity • Aug 26Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 138% to S$0.019. The fair value is estimated to be S$0.016, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Meanwhile, the company became loss making.공고 • Aug 14Courage Investment Group Limited to Report First Half, 2024 Results on Aug 26, 2024Courage Investment Group Limited announced that they will report first half, 2024 results on Aug 26, 2024New Risk • Jul 09New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: S$13.3m (US$9.84m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Market cap is less than US$10m (S$13.3m market cap, or US$9.84m).공고 • Jun 06Courage Investment Group Limited, Annual General Meeting, Jun 28, 2024Courage Investment Group Limited, Annual General Meeting, Jun 28, 2024, at 11:00 China Standard Time. Location: plaza 3, basement 3, novotel century hong kong, 238 jaffe road, wanchai, Hong KongReported Earnings • Mar 30Full year 2023 earnings released: US$0.004 loss per share (vs US$0.001 profit in FY 2022)Full year 2023 results: US$0.004 loss per share (down from US$0.001 profit in FY 2022). Revenue: US$8.51m (down 31% from FY 2022). Net loss: US$3.97m (down 454% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings.공고 • Mar 19Courage Investment Group Limited to Report Fiscal Year 2023 Results on Mar 28, 2024Courage Investment Group Limited announced that they will report fiscal year 2023 results on Mar 28, 2024Reported Earnings • Oct 02First half 2023 earnings released: US$0.001 loss per share (vs US$0.001 profit in 1H 2022)First half 2023 results: US$0.001 loss per share (down from US$0.001 profit in 1H 2022). Revenue: US$3.99m (down 46% from 1H 2022). Net loss: US$983.0k (down 162% from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 27First half 2023 earnings released: US$0.001 loss per share (vs US$0.001 profit in 1H 2022)First half 2023 results: US$0.001 loss per share (down from US$0.001 profit in 1H 2022). Revenue: US$3.99m (down 46% from 1H 2022). Net loss: US$983.0k (down 162% from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.공고 • Aug 20+ 1 more updateCourage Investment Group Limited Announces Executive ChangesThe board of directors of Courage Investment Group Limited announced that with effect from 18 August 2023, Mr. Yuen Chee Lap, Carl (Mr. Yuen), currently also the Financial Controller of the company, has been re-designated as chief operating officer of the company from his previous role as chief executive officer of the company so that Mr. Yuen could devote more time on the Group's business operations, in particular, the marine transportation business. Mr. Yuen, Aged 49, joined the company as financial manager in January 2004 and was appointed as financial controller in May 2006. Mr. Yuen had taken up the additional role as chief executive officer since September 2019 and was responsible for the Group's overall operations. He is a director of various subsidiaries of the Company. Mr. Yuen obtained a Bachelor of Business Administration degree and a Master of Business Administration degree from the University of Houston, United States in 1997 and 1998 respectively. He is a member of the Hong Kong Institute of Directors and the Association of Hong Kong Accountants. Mr. Yuen has rich experience in finance and accounting both in Hong Kong and the United States. He started his career in the United States when he joined a United States listed company in 2000 and served as its chief financial officer from 2000 to 2003. Mr. Yuen is an independent non-executive director of Qianhai Health Holdings Limited. Mr. Yuen was an independent non-executive director of Fullsun International Holdings Group Co., Limited until January 2021. Both companies are listed on the Main Board of The Stock Exchange of Hong Kong Limited. The board further announces that with effect from 18 August 2023, Ms. Lee Chun Yeung, Catherine (Ms. Lee) has been appointed as chief executive officer of the company. Ms. Lee, Aged 55, holds a Bachelor of Arts degree from Guangdong University of Foreign Studies (formerly known as Guangzhou Institute of Foreign Languages) and a Master of Business Administration degree from the University of South Australia. She has extensive experience in international trading of metal minerals and commodities. Ms. Lee had worked as an economist in a major commercial bank and a senior executive in a state-owned trading group in the People's Republic of China. Ms. Lee was an executive director of CSC Holdings Limited (formerly known as China Strategic Holdings Limited).공고 • Aug 16Courage Investment Group Limited to Report First Half, 2023 Results on Aug 25, 2023Courage Investment Group Limited announced that they will report first half, 2023 results on Aug 25, 2023공고 • May 23Courage Investment Group Limited, Annual General Meeting, Jun 30, 2023Courage Investment Group Limited, Annual General Meeting, Jun 30, 2023. Agenda: To amend the existing Bye-laws of the Company; and to consider adoption of the New Bye-laws.Reported Earnings • Mar 30Full year 2022 earnings released: EPS: US$0.001 (vs US$0.01 in FY 2021)Full year 2022 results: EPS: US$0.001 (down from US$0.01 in FY 2021). Revenue: US$12.4m (up 27% from FY 2021). Net income: US$1.12m (down 89% from FY 2021). Profit margin: 9.1% (down from 108% in FY 2021). Over the last 3 years on average, earnings per share has increased by 82% 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 • Mar 27Full year 2022 earnings released: EPS: US$0.001 (vs US$0.01 in FY 2021)Full year 2022 results: EPS: US$0.001 (down from US$0.01 in FY 2021). Revenue: US$12.4m (up 27% from FY 2021). Net income: US$1.12m (down 89% from FY 2021). Profit margin: 9.1% (down from 108% in FY 2021). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.공고 • Jan 03Courage Investment Group Limited Announces Resignation of Feng Xiaogang as Non-Executive DirectorThe Board of Directors of Courage Investment Group Limited announced that Dr. Feng Xiaogang resigned as Non-executive Director of the Company with effect from 31 December 2022 due to his other personal engagement which requires more of his dedications.Reported Earnings • Sep 30First half 2022 earnings released: EPS: US$0.001 (vs US$0.001 in 1H 2021)First half 2022 results: EPS: US$0.001 (in line with 1H 2021). Revenue: US$7.41m (up 80% from 1H 2021). Net income: US$1.58m (up 124% from 1H 2021). Profit margin: 21% (up from 17% in 1H 2021).주주 수익률CINSG ShippingSG 시장7D0%-3.7%0.7%1Y-23.8%26.7%28.0%전체 주주 수익률 보기수익률 대 산업: CIN은 지난 1년 동안 26.7%의 수익을 기록한 SG Shipping 산업보다 저조한 성과를 냈습니다.수익률 대 시장: CIN은 지난 1년 동안 28%를 기록한 SG 시장보다 저조한 성과를 냈습니다.주가 변동성Is CIN's price volatile compared to industry and market?CIN volatilityCIN Average Weekly Movementn/aShipping Industry Average Movement5.0%Market Average Movement5.0%10% most volatile stocks in SG Market11.6%10% least volatile stocks in SG Market2.3%안정적인 주가: CIN의 주가는 지난 3개월 동안 SG 시장보다 변동성이 컸습니다.시간에 따른 변동성: Insufficient data to determine CIN의 변동성 변화를 판단할 수 없습니다.회사 소개설립직원 수CEO웹사이트200118Ying Ha Wuwww.courageinv.com투자 지주 회사인 Courage Investment Group Limited는 홍콩 및 기타 아시아 지역에서 해상 운송 서비스를 제공합니다. 해상 운송, 투자 지주 및 상품 거래 부문을 통해 운영됩니다. 이 회사는 선박 용선 및 관리 서비스를 제공합니다.더 보기Courage Investment Group Limited 기초 지표 요약Courage Investment Group의 순이익과 매출은 시가총액과 어떻게 비교됩니까?CIN 기초 통계시가총액S$26.13m순이익 (TTM)-S$456.73k매출 (TTM)S$23.80m1.1x주가매출비율(P/S)-57.2x주가수익비율(P/E)CIN는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표CIN 손익계산서 (TTM)매출US$18.60m매출원가US$14.69m총이익US$3.91m기타 비용US$4.27m순이익-US$357.00k최근 보고된 실적Dec 31, 2025다음 실적 발표일Aug 21, 2026주당순이익(EPS)-0.00032총이익률21.03%순이익률-1.92%부채/자본 비율0%CIN의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/15 17:43종가2026/08/14 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 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.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 소스Courage Investment Group Limited는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
공고 • Aug 07Courage Investment Group Limited to Report First Half, 2026 Results on Aug 21, 2026Courage Investment Group Limited announced that they will report first half, 2026 results on Aug 21, 2026
Board Change • Jul 15High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CEO & Executive Director Ying Ha Wu is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
공고 • May 19Courage Investment Group Limited, Annual General Meeting, Jun 12, 2026Courage Investment Group Limited, Annual General Meeting, Jun 12, 2026, at 14:00 China Standard Time. Location: plaza 1-2, basement 3, novotel century hong kong, 238 jaffe road, wanchai, Hong Kong
Board Change • Apr 07High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Director Catherine Lee 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.
Reported Earnings • Mar 28Full year 2025 earnings released: EPS: US$0 (vs US$0.002 in FY 2024)Full year 2025 results: EPS: US$0 (down from US$0.002 in FY 2024). Revenue: US$18.6m (up 103% from FY 2024). Net loss: US$357.0k (down 121% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
New Risk • Mar 24New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 Shares are highly illiquid. Earnings have declined by 13% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$18m). Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (S$25.2m market cap, or US$19.8m).
공고 • Aug 07Courage Investment Group Limited to Report First Half, 2026 Results on Aug 21, 2026Courage Investment Group Limited announced that they will report first half, 2026 results on Aug 21, 2026
Board Change • Jul 15High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CEO & Executive Director Ying Ha Wu is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
공고 • May 19Courage Investment Group Limited, Annual General Meeting, Jun 12, 2026Courage Investment Group Limited, Annual General Meeting, Jun 12, 2026, at 14:00 China Standard Time. Location: plaza 1-2, basement 3, novotel century hong kong, 238 jaffe road, wanchai, Hong Kong
Board Change • Apr 07High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Director Catherine Lee 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.
Reported Earnings • Mar 28Full year 2025 earnings released: EPS: US$0 (vs US$0.002 in FY 2024)Full year 2025 results: EPS: US$0 (down from US$0.002 in FY 2024). Revenue: US$18.6m (up 103% from FY 2024). Net loss: US$357.0k (down 121% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
New Risk • Mar 24New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 Shares are highly illiquid. Earnings have declined by 13% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$18m). Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (S$25.2m market cap, or US$19.8m).
Board Change • Mar 18High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Director Catherine Lee 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.
공고 • Mar 17Courage Investment Group Limited to Report Fiscal Year 2025 Results on Mar 27, 2026Courage Investment Group Limited announced that they will report fiscal year 2025 results on Mar 27, 2026
Board Change • Feb 24High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Director Catherine Lee 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.
Board Change • Jan 06High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Director Catherine Lee 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.
Board Change • Dec 04High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Director Catherine Lee 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.
Board Change • Nov 06High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Director Catherine Lee 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.
Board Change • Oct 06High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Director Catherine Lee 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.
Reported Earnings • Sep 11First half 2025 earnings released: US$0.002 loss per share (vs US$0.001 profit in 1H 2024)First half 2025 results: US$0.002 loss per share (down from US$0.001 profit in 1H 2024). Revenue: US$4.38m (down 14% from 1H 2024). Net loss: US$1.71m (down 234% from profit in 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.
Board Change • Sep 09High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Director Catherine Lee 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.
Reported Earnings • Aug 21First half 2025 earnings released: US$0.002 loss per share (vs US$0.001 profit in 1H 2024)First half 2025 results: US$0.002 loss per share (down from US$0.001 profit in 1H 2024). Revenue: US$4.38m (down 14% from 1H 2024). Net loss: US$1.71m (down 234% from profit in 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.
Board Change • Aug 21High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Director Catherine Lee 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.
공고 • Aug 06Courage Investment Group Limited to Report First Half, 2025 Results on Aug 20, 2025Courage Investment Group Limited announced that they will report first half, 2025 results on Aug 20, 2025
Board Change • Jul 22High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Director Catherine Lee 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.
Board Change • Jun 20High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Director Catherine Lee 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.
공고 • May 21Courage Investment Group Limited, Annual General Meeting, Jun 17, 2025Courage Investment Group Limited, Annual General Meeting, Jun 17, 2025, at 11:00 China Standard Time. Location: plaza 1-2, basement 3, novotel century hong kong, 238 jaffe road., wanchai Hong Kong
Board Change • Apr 28High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Director Catherine Lee 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.
Reported Earnings • Apr 17Full year 2024 earnings released: EPS: US$0.002 (vs US$0.004 loss in FY 2023)Full year 2024 results: EPS: US$0.002 (up from US$0.004 loss in FY 2023). Revenue: US$9.18m (up 7.9% from FY 2023). Net income: US$1.71m (up US$5.68m from FY 2023). Profit margin: 19% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.
Board Change • Apr 01High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Yiyong Qiu was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공고 • Mar 31Courage Investment Group Limited Announces Board and Committees ChangesThe board of directors of Courage Investment Group Limited (the "Company") announced that with effect from 31 March 2025, Mr. Zhou Qijin ("Mr. Zhou"), Mr. Pau Shiu Ming ("Mr. Pau") and Mr. Tsao Hoi Ho ("Mr. Tsao") have resigned as independent non-executive Directors as they need to devote more time to their other business engagements. The Board further announces that with effect from 31 March 2025, the composition of the committees of the Board be changed as follows: Mr. Zhou ceased to be the Chairman of the nomination committee of the Company (the "Nomination Committee") and a member of the audit committee of the Company (the "Audit Committee") and the remuneration committee of the Company (the "Remuneration Committee"); Mr. Pau ceased to be the Chairman of the Remuneration Committee and a member of the Nomination Committee and Audit Committee; Mr. Tsao ceased to be the Chairman of the Audit Committee and a member of the Nomination Committee and Remuneration Committee; Ms. Liu Sainan ("Ms. Liu"), the Chairlady of the Board and executive Director of the Company has been appointed as the chairlady of the Nomination Committee; Mr. Zhu Gaoming ("Mr. Zhu"), an independent non-executive Director of the Company, has been appointed as the chairman of the Audit Committee; and Mr. Qiu Yiyong ("Mr. Qiu"), an independent non-executive Director of the Company, has been appointed as the chairman of the Remuneration Committee.
공고 • Mar 10+ 1 more updateCourage Investment Group Limited Announces Chief Executive Officer ChangesThe Board of Courage Investment Group Limited announced that with effect from 10 March 2025, Ms. Lee Chun Yeung, Catherine ("Ms. Lee") has stepped down from her position as the chief executive officer of the Company (the "CEO") as she needs to devote more time to her other business engagements; and Mr. Wu Ying Ha ("Mr. Wu"), an executive Director, has been appointed as the CEO. Mr. Wu, age 61, was appointed as an executive Director of the Company in October 2024 and was also a director of various subsidiaries of the Company. Mr. Wu holds a Master of Business Administration degree from Southeastern University in Washington D.C., United States. Before joining the Group, Mr. Wu had held senior positions in several member companies of CITIC Group for over 20 years, including the positions of chief corporate officer and senior corporate director in liaison and project management of Dah Chong Hong Holdings Limited ("DCH"), a company previously listed on the Main Board of the Stock Exchange; a director of Dah Chong Hong Macau Total Supply Chain Management Company Limited; the chairman and general manager of DCH China Consumer Goods; a vice president of CRH; and an assistant general manager and the general manager of the personnel & administration department of CITIC United Asia Investments Limited. Mr. Wu had also served as an assistant general manager of the international tour department of China Travel Service (Hong Kong) Limited. Mr. Wu has over 20 years of corporate management experience in tourism, consumer goods trading, supply chain management and resources businesses. Mr. Wu was an executive director and the chief executive officer of China Ecotourism Group Limited until January 2022. Save as disclosed above, Mr. Wu has not held any directorship in other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the three years prior to the date of this announcement.
Reported Earnings • Mar 08Full year 2024 earnings released: EPS: US$0.002 (vs US$0.004 loss in FY 2023)Full year 2024 results: EPS: US$0.002 (up from US$0.004 loss in FY 2023). Revenue: US$9.18m (up 7.9% from FY 2023). Net income: US$1.71m (up US$5.68m from FY 2023). Profit margin: 19% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance.
공고 • Feb 20Liu Sainan completed the acquisition of an additional 22.89% stake in Courage Investment Group Limited (SEHK:1145) in a management buyout transaction for approximately HKD 27.49 million.Liu Sainan proposed to acquire an additional 71.08% stake in Courage Investment Group Limited (SEHK:1145) for HKD 85.4 million on December 4, 2024. The offer is made at an offer price of HKD 0.1094 per share. The offeror already holds 28.79% of the total issued share capital of Courage Investment Group. The Offeror intends to finance the consideration payable under the Offer with its own internal cash resources of HKD 26.5 million and the facility of HKD 60 million provided by Get Nice. The Board of Directors of Courage Investment Group Limited formed a special committee for the transaction. The tender offer is expected to close on February 21, 2025. The Offer, which is conditional, is made on January 17, 2025, and is capable of acceptance on and from that date for the whole of the Offer Period. In accordance with the Takeovers Code, except with the consent of the Executive, the Offer may not become or be declared unconditional as to acceptances after the 60th day after the day this Composite Document is posted. Accordingly, unless the Offer has previously become unconditional as to acceptances, the Offer will lapse on 18 March 2025 unless extended with the consent of the Executive. As per the announcement dated February 4, 2025 the offer has become unconditional. Nuada Limited acted as financial advisor for Courage Investment Group Limited. GET NICE SECURITIES LIMITED is acting as the financial adviser to the offeror. Boardroom Corporate & Advisory Services Pte. Ltd acted as registrar to the offer. Liu Sainan completed the acquisition of an additional 22.89% stake in Courage Investment Group Limited (SEHK:1145) for HKD 27.7 million on February 18, 2025. The offeror already holds 28.79% of the total issued share capital of Courage Investment Group. Taking into account the Acceptance Shares, and the aforementioned 317,432,132 Shares already owned by the Offeror and parties acting in concert with it, representing approximately 28.92% of the total issued share capital of Company, the Offeror and parties acting in concert with it will hold an aggregate of 568,768,963 Shares, representing approximately 51.81% of the total issued share capital of the Company as at the date of this joint announcement. All the 1,442,000 Shares held by Hung immediately before the commencement of the Offer Period had been validly tendered for acceptance under the Offer and Hung is not interested in any Shares. The Offeror and the Company jointly announce that the Offer closed on 18 February 2025 and was not revised or extended by the Offeror. The latest date for posting remittances for the amounts due in respect of valid acceptances received under the Offer will be on 27 February 2025.
공고 • Feb 19Courage Investment Group Limited to Report Fiscal Year 2024 Results on Mar 07, 2025Courage Investment Group Limited announced that they will report fiscal year 2024 results on Mar 07, 2025
공고 • Dec 05Liu Sainan completed the acquisition of 28.79% stake in Courage Investment Group Limited (SEHK:1145).Liu Sainan agreed to acquire 28.79% stake in Courage Investment Group Limited (SEHK:1145) for HKD 34.5 million on November 26, 2024. The total consideration for the purchase of the sales shares was paid by the offeror from its internal resources. Liu Sainan completed the acquisition of 28.79% stake in Courage Investment Group Limited (SEHK:1145) on November 28, 2024.
공고 • Nov 23Courage Investment Group Limited Announces Director ChangesThe Board of Directors of Courage Investment Group Limited announced that with effect from 22 November 2024, Mr. Sue Ka Lok has resigned as Executive Director and Chairman of the Board of the Company, and ceased to be a member of the Nomination Committee of the Company as he needs to devote more time to his other business engagements. Mr. Sue will remain as a director of various subsidiaries of the Company to ensure a smooth transition of his duties. Ms. Lee Chun Yeung, Catherine, an Executive Director and the Chief Executive Officer of the Company, has been appointed as the Authorised Representative with effect from 22 November 2024 in replacement of Mr. Sue.
Board Change • Oct 17Less 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 Terry Tsao was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공고 • Oct 08Courage Investment Group Limited Appoints Wu Ying Ha as Executive DirectorCourage Investment Group Limited announced that with effect from 8 October 2024, Mr. Wu Ying Ha ("Mr. Wu") has been appointed as Executive Director of the Company. Aged 61, holds a Master of Business Administration in Management degree from Southeastern University in Washington D.C., United States. Before joining the Group, Mr. Wu had held senior positions in several member companies of CITIC Group for over 20 years, including the positions of chief corporate officer and senior corporate director in liaison and project management of Dah Chong Hong Holdings Limited ("DCH"), a company previously listed on the Main Board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange"); a director of Dah Chong Hong Macau Total Supply Chain Management Company Limited; the chairman and general manager of DCH China Consumer Goods; a vice president of CITIC Resources Holdings Limited, a company listed on the Main Board of the Stock Exchange; and an assistant general manager and the general manager of the personnel & administration department of CITIC United Asia Investments Limited. Mr. Wu had also served as an assistant general manager of the international tour department of China Travel Service (Hong Kong) Limited. Mr. Wu has over 20 years of corporate management experience in tourism, consumer goods trading, supply chain management and resources businesses. Mr. Wu was an executive director and the chief executive officer of China Ecotourism Group Limited, a company listed on the Main Board of the Stock Exchange, until January 2022.
Reported Earnings • Oct 02First half 2024 earnings released: EPS: US$0.001 (vs US$0.001 loss in 1H 2023)First half 2024 results: EPS: US$0.001 (up from US$0.001 loss in 1H 2023). Revenue: US$5.07m (up 27% from 1H 2023). Net income: US$1.28m (up US$2.26m from 1H 2023). Profit margin: 25% (up from net loss in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance.
Buy Or Sell Opportunity • Sep 12Now 39% undervaluedOver the last 90 days, the stock has risen 50% to S$0.015. The fair value is estimated to be S$0.025, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 81%.
Reported Earnings • Aug 31First half 2024 earnings released: EPS: US$0.001 (vs US$0.001 loss in 1H 2023)First half 2024 results: EPS: US$0.001 (up from US$0.001 loss in 1H 2023). Revenue: US$5.07m (up 27% from 1H 2023). Net income: US$1.28m (up US$2.26m from 1H 2023). Profit margin: 25% (up from net loss in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.
New Risk • Aug 28New major risk - Revenue and earnings growthEarnings have declined by 7.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 7.8% per year over the past 5 years. Minor Risk Market cap is less than US$100m (S$33.4m market cap, or US$25.6m).
Buy Or Sell Opportunity • Aug 26Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 138% to S$0.019. The fair value is estimated to be S$0.016, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Meanwhile, the company became loss making.
공고 • Aug 14Courage Investment Group Limited to Report First Half, 2024 Results on Aug 26, 2024Courage Investment Group Limited announced that they will report first half, 2024 results on Aug 26, 2024
New Risk • Jul 09New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: S$13.3m (US$9.84m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Market cap is less than US$10m (S$13.3m market cap, or US$9.84m).
공고 • Jun 06Courage Investment Group Limited, Annual General Meeting, Jun 28, 2024Courage Investment Group Limited, Annual General Meeting, Jun 28, 2024, at 11:00 China Standard Time. Location: plaza 3, basement 3, novotel century hong kong, 238 jaffe road, wanchai, Hong Kong
Reported Earnings • Mar 30Full year 2023 earnings released: US$0.004 loss per share (vs US$0.001 profit in FY 2022)Full year 2023 results: US$0.004 loss per share (down from US$0.001 profit in FY 2022). Revenue: US$8.51m (down 31% from FY 2022). Net loss: US$3.97m (down 454% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings.
공고 • Mar 19Courage Investment Group Limited to Report Fiscal Year 2023 Results on Mar 28, 2024Courage Investment Group Limited announced that they will report fiscal year 2023 results on Mar 28, 2024
Reported Earnings • Oct 02First half 2023 earnings released: US$0.001 loss per share (vs US$0.001 profit in 1H 2022)First half 2023 results: US$0.001 loss per share (down from US$0.001 profit in 1H 2022). Revenue: US$3.99m (down 46% from 1H 2022). Net loss: US$983.0k (down 162% from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 27First half 2023 earnings released: US$0.001 loss per share (vs US$0.001 profit in 1H 2022)First half 2023 results: US$0.001 loss per share (down from US$0.001 profit in 1H 2022). Revenue: US$3.99m (down 46% from 1H 2022). Net loss: US$983.0k (down 162% from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
공고 • Aug 20+ 1 more updateCourage Investment Group Limited Announces Executive ChangesThe board of directors of Courage Investment Group Limited announced that with effect from 18 August 2023, Mr. Yuen Chee Lap, Carl (Mr. Yuen), currently also the Financial Controller of the company, has been re-designated as chief operating officer of the company from his previous role as chief executive officer of the company so that Mr. Yuen could devote more time on the Group's business operations, in particular, the marine transportation business. Mr. Yuen, Aged 49, joined the company as financial manager in January 2004 and was appointed as financial controller in May 2006. Mr. Yuen had taken up the additional role as chief executive officer since September 2019 and was responsible for the Group's overall operations. He is a director of various subsidiaries of the Company. Mr. Yuen obtained a Bachelor of Business Administration degree and a Master of Business Administration degree from the University of Houston, United States in 1997 and 1998 respectively. He is a member of the Hong Kong Institute of Directors and the Association of Hong Kong Accountants. Mr. Yuen has rich experience in finance and accounting both in Hong Kong and the United States. He started his career in the United States when he joined a United States listed company in 2000 and served as its chief financial officer from 2000 to 2003. Mr. Yuen is an independent non-executive director of Qianhai Health Holdings Limited. Mr. Yuen was an independent non-executive director of Fullsun International Holdings Group Co., Limited until January 2021. Both companies are listed on the Main Board of The Stock Exchange of Hong Kong Limited. The board further announces that with effect from 18 August 2023, Ms. Lee Chun Yeung, Catherine (Ms. Lee) has been appointed as chief executive officer of the company. Ms. Lee, Aged 55, holds a Bachelor of Arts degree from Guangdong University of Foreign Studies (formerly known as Guangzhou Institute of Foreign Languages) and a Master of Business Administration degree from the University of South Australia. She has extensive experience in international trading of metal minerals and commodities. Ms. Lee had worked as an economist in a major commercial bank and a senior executive in a state-owned trading group in the People's Republic of China. Ms. Lee was an executive director of CSC Holdings Limited (formerly known as China Strategic Holdings Limited).
공고 • Aug 16Courage Investment Group Limited to Report First Half, 2023 Results on Aug 25, 2023Courage Investment Group Limited announced that they will report first half, 2023 results on Aug 25, 2023
공고 • May 23Courage Investment Group Limited, Annual General Meeting, Jun 30, 2023Courage Investment Group Limited, Annual General Meeting, Jun 30, 2023. Agenda: To amend the existing Bye-laws of the Company; and to consider adoption of the New Bye-laws.
Reported Earnings • Mar 30Full year 2022 earnings released: EPS: US$0.001 (vs US$0.01 in FY 2021)Full year 2022 results: EPS: US$0.001 (down from US$0.01 in FY 2021). Revenue: US$12.4m (up 27% from FY 2021). Net income: US$1.12m (down 89% from FY 2021). Profit margin: 9.1% (down from 108% in FY 2021). Over the last 3 years on average, earnings per share has increased by 82% 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 • Mar 27Full year 2022 earnings released: EPS: US$0.001 (vs US$0.01 in FY 2021)Full year 2022 results: EPS: US$0.001 (down from US$0.01 in FY 2021). Revenue: US$12.4m (up 27% from FY 2021). Net income: US$1.12m (down 89% from FY 2021). Profit margin: 9.1% (down from 108% in FY 2021). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
공고 • Jan 03Courage Investment Group Limited Announces Resignation of Feng Xiaogang as Non-Executive DirectorThe Board of Directors of Courage Investment Group Limited announced that Dr. Feng Xiaogang resigned as Non-executive Director of the Company with effect from 31 December 2022 due to his other personal engagement which requires more of his dedications.
Reported Earnings • Sep 30First half 2022 earnings released: EPS: US$0.001 (vs US$0.001 in 1H 2021)First half 2022 results: EPS: US$0.001 (in line with 1H 2021). Revenue: US$7.41m (up 80% from 1H 2021). Net income: US$1.58m (up 124% from 1H 2021). Profit margin: 21% (up from 17% in 1H 2021).
