Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: US$0.16 (vs US$0.12 loss in 2Q 2021) Second quarter 2022 results: EPS: US$0.16 (up from US$0.12 loss in 2Q 2021). Revenue: US$63.8m (up 5.4% from 2Q 2021). Net income: US$2.40m (up US$4.17m from 2Q 2021). Profit margin: 3.8% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director Jianhua Wang was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorated over the past week After last week's 21% share price decline to US$1.22, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 13x in the Luxury industry in the US. Total loss to shareholders of 67% over the past three years. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorated over the past week After last week's 17% share price decline to US$1.67, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 14x in the Luxury industry in the US. Total loss to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to US$1.94, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 16x in the Luxury industry in the US. Total loss to shareholders of 49% over the past three years. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment deteriorated over the past week After last week's 17% share price decline to US$2.50, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 20x in the Luxury industry in the US. Total loss to shareholders of 31% over the past three years. Reported Earnings • Nov 14
Third quarter 2021 earnings released: US$0.22 loss per share (vs US$0.15 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$94.4m (up 18% from 3Q 2020). Net loss: US$3.22m (down 245% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improved over the past week After last week's 18% share price gain to US$3.26, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 18x in the Luxury industry in the US. Total loss to shareholders of 18% over the past three years. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment deteriorated over the past week After last week's 27% share price decline to US$2.97, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 22x in the Luxury industry in the US. Total loss to shareholders of 15% over the past three years. Reported Earnings • Aug 14
Second quarter 2021 earnings released: US$0.12 loss per share (vs US$0.26 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: US$60.6m (up 21% from 2Q 2020). Net loss: US$1.77m (loss narrowed 53% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 38% share price gain to US$3.18, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 24x in the Luxury industry in the US. Total loss to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment deteriorated over the past week After last week's 16% share price decline to US$2.36, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 26x in the Luxury industry in the US. Total loss to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improved over the past week After last week's 24% share price gain to US$2.83, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 27x in the Luxury industry in the US. Total loss to shareholders of 28% over the past three years. Reported Earnings • May 17
First quarter 2021 earnings released The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: US$70.8m (up 21% from 1Q 2020). Net loss: US$1.17m (loss narrowed 57% from 1Q 2020). 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. Valuation Update With 7 Day Price Move • May 05
Investor sentiment improved over the past week After last week's 27% share price gain to US$3.11, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 23x in the Luxury industry in the US. Total loss to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorated over the past week After last week's 17% share price decline to US$2.13, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 27x in the Luxury industry in the US. Total loss to shareholders of 42% over the past three years. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS US$0.22 (vs US$0.086 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$267.4m (down 30% from FY 2019). Net income: US$3.28m (up 158% from FY 2019). Profit margin: 1.2% (up from 0.3% in FY 2019). The increase in margin was 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 67 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 07
New 90-day low: US$2.89 The company is down 22% from its price of US$3.70 on 04 December 2020. The American market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is down 1.0% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: US$5.25 The company is up 391% from its price of US$1.07 on 04 September 2020. The American market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 20% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS US$0.15 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: US$79.9m (down 30% from 3Q 2019). Net income: US$2.22m (up US$3.29m from 3Q 2019). Profit margin: 2.8% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 73% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 23
New 90-day high: US$2.60 The company is up 117% from its price of US$1.20 on 24 July 2020. The American market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 24% over the same period. Is New 90 Day High Low • Sep 23
New 90-day low: US$0.89 The company is down 27% from its price of US$1.21 on 25 June 2020. The American market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 11% over the same period.