공지 • Apr 01
Intercont (Cayman) Limited Announces Effective Time of Share Consolidation to Regain Nasdaq Compliance Intercont (Cayman) Limited announced that it will effect a share consolidation (Reverse Share Split) of its ordinary shares at a ratio of 25-for-1, effective as of April 2, 2026, in order to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq's Marketplace Rule 5550(a)(2). Beginning with the opening of trading on April 2, 2026, the Company's Class A ordinary shares will trade on the Nasdaq Capital Market on a split-adjusted basis, under the same symbol"NCT" but under a new CUSIP number, G48049111. The Company's shareholders previously approved the reverse split and granted the Company's board of directors the authority to determine the final consolidation ratio (not to exceed 100:1) and when to proceed with the share consolidation, in the event that the closing bid price per listed share of the Company falls below $1.00 on The NASDAQ Stock Market, within 180 days of shareholder approval at an Extraordinary General Meeting of Shareholders held on January 26, 2026. On March 22, 2026, the Company's board of directors approved the implementation of the Reverse Share Split at the ratio of 25-for-1 as of the Effective Time. New Risk • Dec 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 18% 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 (18% average weekly change). Revenue has declined by 1.5% over the past year. Market cap is less than US$10m (US$6.14m market cap). New Risk • Dec 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.60m 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 Revenue has declined by 1.5% over the past year. Market cap is less than US$10m (US$9.60m market cap). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Buy Or Sell Opportunity • Dec 12
Now 29% undervalued after recent price drop Over the last 90 days, the stock has fallen 72% to US$0.36. The fair value is estimated to be US$0.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.4% over the last 3 years. Earnings per share has declined by 55%. New Risk • Nov 02
New major risk - Revenue and earnings growth Revenue has declined by 1.5% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 1.5% over the past year. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (US$26.4m market cap). Reported Earnings • Nov 02
Full year 2025 earnings released: EPS: US$0.12 (vs US$0.13 in FY 2024) Full year 2025 results: EPS: US$0.12 (down from US$0.13 in FY 2024). Revenue: US$25.1m (down 1.5% from FY 2024). Net income: US$3.10m (down 1.1% from FY 2024). Profit margin: 12% (in line with FY 2024). Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to US$1.57, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 6x in the Shipping industry in the US. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to US$1.15, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 8x in the Shipping industry in the US. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to US$2.01, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 10x in the Shipping industry in the US. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$3.62, the stock trades at a trailing P/E ratio of 39.4x. Average trailing P/E is 6x in the Shipping industry in the US. Reported Earnings • Jul 17
First half 2025 earnings released: EPS: US$0.036 (vs US$0.065 in 1H 2024) First half 2025 results: EPS: US$0.036 (down from US$0.065 in 1H 2024). Revenue: US$13.4m (up 8.2% from 1H 2024). Net income: US$895.9k (down 44% from 1H 2024). Profit margin: 6.7% (down from 13% in 1H 2024). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$4.19, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 6x in the Shipping industry in the US. Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to US$3.95, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 5x in the Shipping industry in the US. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$3.46, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 5x in the Shipping industry in the US. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$4.29, the stock trades at a trailing P/E ratio of 36.4x. Average trailing P/E is 4x in the Shipping industry in the US. New Risk • May 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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 Risk Revenue has declined by 21% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (US$89.4m market cap). New Risk • May 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$97.4m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue has declined by 21% over the past year. Minor Risks Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (US$97.4m market cap). Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to US$6.03, the stock trades at a trailing P/E ratio of 50.9x. Average trailing P/E is 4x in the Shipping industry in the US. Board Change • Apr 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. CEO & Executive Chairman Muchun Zhu 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.