Reported Earnings • Jul 24
Full year 2026 earnings released: EPS: HK$0.033 (vs HK$0.029 in FY 2025) Full year 2026 results: EPS: HK$0.033 (up from HK$0.029 in FY 2025). Revenue: HK$1.19b (up 4.7% from FY 2025). Net income: HK$28.8m (up 12% from FY 2025). Profit margin: 2.4% (up from 2.3% in FY 2025). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Aankondiging • Jul 23
ICO Group Limited, Annual General Meeting, Aug 28, 2026 ICO Group Limited, Annual General Meeting, Aug 28, 2026, at 11:00 China Standard Time. Location: unit 2602 03, 6/f. bea tower, millennium city 5, 418 kwun tong road, kwun tong, kowloon, Hong Kong New Risk • Jul 06
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Risk Earnings have declined by 2.8% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (HK$241.3m market cap, or US$30.8m). Board Change • Jun 19
Less than half of directors are independent Following 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 Meiqi Liew was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Dec 23
Vice Chairman of Board recently bought HK$2.6m worth of stock On the 16th of December, Chiu Fai Choi bought around 7m shares on-market at roughly HK$0.36 per share. This transaction amounted to 3.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Chiu Fai has been a buyer over the last 12 months, purchasing a net total of HK$9.4m worth in shares. New Risk • Dec 20
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.8% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (HK$254.5m market cap, or US$32.7m). New Risk • Dec 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 9.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (HK$276.4m market cap, or US$35.5m). Reported Earnings • Nov 28
First half 2026 earnings released: EPS: HK$0.015 (vs HK$0.025 in 1H 2025) First half 2026 results: EPS: HK$0.015 (down from HK$0.025 in 1H 2025). Revenue: HK$517.3m (up 2.6% from 1H 2025). Net income: HK$13.4m (down 39% from 1H 2025). Profit margin: 2.6% (down from 4.4% in 1H 2025). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. New Risk • Nov 27
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.5% Last year net profit margin: 2.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.8% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (HK$254.5m market cap, or US$32.7m). Aankondiging • Nov 11
ICO Group Limited to Report First Half, 2026 Results on Nov 26, 2025 ICO Group Limited announced that they will report first half, 2026 results on Nov 26, 2025 Board Change • Sep 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. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Kai Wing Chan was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Aug 26
Upcoming dividend of HK$0.011 per share Eligible shareholders must have bought the stock before 02 September 2025. Payment date: 15 September 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Hong Kong dividend payers (6.6%). Higher than average of industry peers (1.5%). Aankondiging • Jul 24
ICO Group Limited, Annual General Meeting, Aug 29, 2025 ICO Group Limited, Annual General Meeting, Aug 29, 2025, at 11:00 China Standard Time. Location: unit 2602-03, 26/f., bea tower, millennium city 5, 418 kwun tong road, kwun tong, kowloon, Hong Kong Aankondiging • Jul 02
ICO Group Limited Proposes Final Ordinary Dividend for the Year Ended March 31, 2025 ICO Group Limited proposed final ordinary dividend of HKD 0.0105 per share for the year ended March 31, 2025. Date of shareholders' approval: To be announced. New Risk • Jul 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 32% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (HK$232.6m market cap, or US$29.6m). Reported Earnings • Jul 01
Full year 2025 earnings released: EPS: HK$0.029 (vs HK$0.019 in FY 2024) Full year 2025 results: EPS: HK$0.029 (up from HK$0.019 in FY 2024). Revenue: HK$1.14b (up 5.9% from FY 2024). Net income: HK$25.7m (up 54% from FY 2024). Profit margin: 2.3% (up from 1.6% in FY 2024). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Aankondiging • Jun 13
ICO Group Limited to Report Fiscal Year 2025 Results on Jun 30, 2025 ICO Group Limited announced that they will report fiscal year 2025 results on Jun 30, 2025 Recent Insider Transactions • Mar 30
Executive Chairman recently bought HK$4.0m worth of stock On the 27th of March, Cheong Yuen Lee bought around 18m shares on-market at roughly HK$0.23 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Cheong Yuen's only on-market trade for the last 12 months. Recent Insider Transactions • Mar 20
Vice Chairman of Board recently bought HK$3.5m worth of stock On the 13th of March, Chiu Fai Choi bought around 16m shares on-market at roughly HK$0.22 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Chiu Fai's only on-market trade for the last 12 months. New Risk • Jan 03
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 Hong Kong stocks, typically moving 17% 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 (17% average weekly change). Earnings have declined by 32% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$174.6m market cap, or US$22.4m). Reported Earnings • Nov 30
First half 2025 earnings released: EPS: HK$0.025 (vs HK$0.016 in 1H 2024) First half 2025 results: EPS: HK$0.025 (up from HK$0.016 in 1H 2024). Revenue: HK$504.1m (down 2.6% from 1H 2024). Net income: HK$22.0m (up 54% from 1H 2024). Profit margin: 4.4% (up from 2.8% in 1H 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Aankondiging • Nov 13
ICO Group Limited to Report First Half, 2025 Results on Nov 28, 2024 ICO Group Limited announced that they will report first half, 2025 results on Nov 28, 2024 Buy Or Sell Opportunity • Aug 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to HK$0.14. The fair value is estimated to be HK$0.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 12%. Reported Earnings • Jul 30
Full year 2024 earnings released: EPS: HK$0.019 (vs HK$0.012 in FY 2023) Full year 2024 results: EPS: HK$0.019 (up from HK$0.012 in FY 2023). Revenue: HK$1.08b (up 23% from FY 2023). Net income: HK$16.7m (up 52% from FY 2023). Profit margin: 1.6% (up from 1.2% in FY 2023). 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 35% per year, which means it is significantly lagging earnings. Aankondiging • Jul 25
ICO Group Limited, Annual General Meeting, Aug 26, 2024 ICO Group Limited, Annual General Meeting, Aug 26, 2024, at 11:00 China Standard Time. Location: unit 2602-03, 26/f., bea tower, millennium city 5, 418 kwun tong road, kwun tong, kowloon, Hong Kong New Risk • Jul 02
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 Hong Kong stocks, typically moving 16% 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 (16% average weekly change). Earnings have declined by 44% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$180.8m market cap, or US$23.1m). Reported Earnings • Jun 30
Full year 2024 earnings released: EPS: HK$0.019 (vs HK$0.012 in FY 2023) Full year 2024 results: EPS: HK$0.019 (up from HK$0.012 in FY 2023). Revenue: HK$1.08b (up 23% from FY 2023). Net income: HK$16.7m (up 52% from FY 2023). Profit margin: 1.6% (up from 1.2% in FY 2023). 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 17% per year, which means it is significantly lagging earnings. Aankondiging • Jun 20
ICO Group Limited to Report Fiscal Year 2024 Results on Jun 28, 2024 ICO Group Limited announced that they will report fiscal year 2024 results on Jun 28, 2024 Aankondiging • Jun 13
Ico Group Limited Provides Earning Guidance for Year Ended 31 March 2024 ICO Group Limited provided earning guidance for year ended 31 March 2024. The board of directors of the Company wishes to inform the shareholders of the Company and potential investors that, based on the information currently available to the management of the Company and a preliminary review and assessment of the Group's latest unaudited consolidated management accounts for the year ended 31 March 2024, the Group is expected to record an unaudited consolidated profit attributable to the Shareholders of not less than HKD 14 million for FY2024, as compared to the profit attributable to the Shareholders of approximately HKD 11 million for the year ended 31 March 2023. The expected increase in profit attributable to the Shareholders during FY2024 was mainly attributable to the increase in revenue of the Group by not less than HKD 198 million. This is due to the increase in revenue arising from the IT application and solution development services segment and IT infrastructure solutions services segment. As the Group is still in the process of finalizing its financial results for FY2024, the Board wishes to remind the Shareholders and potential investors that the information contained in this announcement is only based on the preliminary assessment by the management of the Company, with reference to the management accounts of the Group for FY2024. The management accounts are subjected to finalization and necessary adjustments, and have not been confirmed nor audited by the Company's auditors. Details of the financial performance of the Group will be disclosed in the Group's annual results announcement for FY2024 at or before the end of June 2024. Reported Earnings • Nov 30
First half 2024 earnings released: EPS: HK$0.016 (vs HK$0.017 in 1H 2023) First half 2024 results: EPS: HK$0.016 (down from HK$0.017 in 1H 2023). Revenue: HK$517.5m (up 28% from 1H 2023). Net income: HK$14.3m (down 5.8% from 1H 2023). Profit margin: 2.8% (down from 3.7% in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Aankondiging • Nov 13
ICO Group Limited to Report Q4, 2023 Results on Nov 29, 2023 ICO Group Limited announced that they will report Q4, 2023 results on Nov 29, 2023 New Risk • Jul 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 9.7% 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 (9.7% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (HK$166.7m market cap, or US$21.3m). New Risk • Jul 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 34% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (HK$179.9m market cap, or US$23.0m). Reported Earnings • Jun 30
Full year 2023 earnings released: EPS: HK$0.012 (vs HK$0.009 in FY 2022) Full year 2023 results: EPS: HK$0.012 (up from HK$0.009 in FY 2022). Revenue: HK$877.3m (up 23% from FY 2022). Net income: HK$11.0m (up 35% from FY 2022). Profit margin: 1.2% (up from 1.1% in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. New Risk • Jun 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. 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 Earnings have declined by 14% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Market cap is less than US$100m (HK$184.3m market cap, or US$23.5m). Aankondiging • Jun 15
ICO Group Limited to Report Fiscal Year 2023 Results on Jun 29, 2023 ICO Group Limited announced that they will report fiscal year 2023 results on Jun 29, 2023 Reported Earnings • Nov 30
First half 2023 earnings released First half 2023 results: Revenue: HK$404.6m (up 13% from 1H 2022). Net income: HK$15.1m (up 25% from 1H 2022). Profit margin: 3.7% (up from 3.4% in 1H 2022). The increase in margin was driven by higher revenue. Board Change • Nov 16
High number of new and inexperienced directors There 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. Independent Non-Executive Director Yvonne Low is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Nov 12
ICO Group Limited to Report Q2, 2023 Results on Nov 29, 2022 ICO Group Limited announced that they will report Q2, 2023 results on Nov 29, 2022 Aankondiging • Sep 01
ICO Group Limited Announces Changes in Board and Composition of Committees The board of directors of ICO Group Limited announced that each of Mr. Leong Yeng Kit (‘Mr. Leong’) and Mr. Chiu King Yan (‘Mr. Chiu’) did not offer himself for re-election at the annual general meeting held on 31 August 2022 due to his other business commitments. Mr. Leong has retired as the executive Director and ceased to be the authorised representative (the ‘Authorised Representative’) of the Company for the purpose of Rule 3.05 of the Listing Rules and a member of remuneration committee (the ‘Remuneration Committee’) with effect from the conclusion of the AGM. Mr. Chiu has retired as independent non-executive Director and ceased to be a member and the chairman of the audit committee (the ‘Audit Committee’) and an authorised representative of the Company for accepting service of process or notice in Hong Kong of the Company under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the ‘Process Agent’) with effect from the conclusion of the AGM. Following the retirement of Mr. Leong Yeng Kit, Mr. Pun Shing Cheung has been appointed as executive Director with effect from 31 August 2022. Mr. Pun Shing Cheung (‘Mr. Pun’), aged 38, is currently the financial controller, company secretary and the authorised representative of the Company as required under Rule 3.05 of the Listing Rules. Mr. Pun joined the Group in 2019 and is responsible for overseeing the accounting and financial operations as well as the company secretarial function of the Group. Mr. Pun has over ten years of experience in accounting and auditing. Mr. Pun also serves as company secretaries of the subsidiaries of the Group. Prior to joining the Company, Mr. Pun had worked for one of the big four international accounting firms and several companies listed on main board of the Stock Exchange. Mr. Pun is a member of Hong Kong Institute of Certified Public Accountants. Mr. Pun entered into a director's service contract with the Company, his current term of office is for a period of three years commenced from the date of his appointment. Mr. Pun's directorship will be subject to retirement by rotation and re-election pursuant to the amended and restated memorandum and articles of association of the Company (the ‘Articles’). Mr. Pun will hold office until the next general meeting of the Company and be subject to re-election at such meeting in accordance with the Articles. Following the retirement of Mr. Chiu King Yan, Mr. Chan Kai Wing has been appointed as independent non-executive Director with effect from 31 August 2022. Mr. Chan Kai Wing (‘Mr. Chan’), aged 61, is currently the managing director of Mandarin Capital Enterprise Limited, a company that Mr. Chan founded in 2004. Mr. Chan has over 30 years of professional experience in auditing and accounting, corporate financial management and financial advisory services. Mr. Chan holds a Bachelor of Economics from Macquarie University in Sydney, Australia in April 1986 and is a fellow member of CPA Australia. Mr. Chan is currently an independent non-executive director of Nanfung Communication Holdings Limited. Mr. Chan is also currently an independent non-executive director of China Conch Venture Holdings Limited. Mr. Chan had served as an independent non-executive director of China Assurance Finance Group Limited (‘China Assurance’) from 1 December 2011 to 12 March 2021, the date on which it was delisted. Since then, Mr. Chan was re-designated as a director of China Assurance. Mr. Chan was an independent non-executive director of China Carbon Neutral Development Group Limited (formerly known as Bisu Technology Group International Limited) from 20 July 2015 to 28 February 2019. Mr. Chan worked as chief financial officer of CNLink Networks Limited from 2000 to 2004. He worked as Finance Director of Shenzhen China Bicycle Company (Holdings) Limited between 1991 to 2000. Mr. Chan worked in the audit department of Ernst & Young in Hong Kong from 1988 to 1991. Mr. Chan entered into a director's service contract with the Company, his current term of office is for a period of three years commenced from the date of his appointment. Mr. Chan's directorship will be subject to retirement by rotation and re-election pursuant to the Articles. Mr. Chan will hold office until the next general meeting of the Company and be subject to re-election at such meeting in accordance with the Articles. Following the retirement of Mr. Leong Yeng Kit, Mr. Lee Cheong Yuen, currently the chairman of the Board and executive Director, has been appointed as a member of the Remuneration Committee with effect from 31 August 2022. Following the appointment of Mr. Chan Kai Wing as independent non-executive Director, Mr. Chan is also appointed as a member and the chairman of Audit Committee with effect from 31 August 2022. Aankondiging • Jul 26
ICO Group Limited, Annual General Meeting, Aug 31, 2022 ICO Group Limited, Annual General Meeting, Aug 31, 2022, at 11:00 China Standard Time. Location: Unit 260203, 26/F., BEA Tower, Millennium City 5, 418 Kwun Tong Road, Kwun Tong, Kowloon, Hong Kong Kowloon Hong Kong Agenda: To receive and consider the audited consolidated financial statements of the Company and the reports of the directors of the Company (the "Directors") and auditors of the Company for the year ended 31 March 2022; to re-appoint BDO Limited as auditors of the Company and to authorize the board of directors of the Company to fix their remuneration; to re-elect Mr. Lee Cheong Yuen as an executive Director; to re-elect Ms. Yvonne Low Win Kum as an independent non-executive Director; to authorize the board of directors of the Company to fix the remuneration of the Directors; and to discuss other matters. Reported Earnings • Jun 30
Full year 2022 earnings released: EPS: HK$0.009 (vs HK$0.012 in FY 2021) Full year 2022 results: EPS: HK$0.009. Revenue: HK$712.5m (up 12% from FY 2021). Net income: HK$8.12m (flat on FY 2021). Profit margin: 1.1% (down from 1.3% in FY 2021). The decrease in margin was driven by higher expenses. Aankondiging • Jun 15
ICO Group Limited to Report Fiscal Year 2022 Results on Jun 29, 2022 ICO Group Limited announced that they will report fiscal year 2022 results on Jun 29, 2022 Board Change • Apr 27
High number of new and inexperienced directors There 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. Independent Non-Executive Director Yvonne Low is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Dec 25
Insider recently bought HK$63k worth of stock On the 17th of December, Kwok Pui Chan bought around 200k shares on-market at roughly HK$0.31 per share. In the last 3 months, they made an even bigger purchase worth HK$194k. Insiders have collectively bought HK$12m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 15
Insider recently bought HK$194k worth of stock On the 7th of December, Kwok Pui Chan bought around 600k shares on-market at roughly HK$0.32 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$12m more in shares than they have sold in the last 12 months. Reported Earnings • Dec 01
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: HK$0.014 (down from HK$0.018 in 1H 2021). Revenue: HK$359.0m (up 28% from 1H 2021). Net income: HK$12.2m (up 11% from 1H 2021). Profit margin: 3.4% (down from 3.9% in 1H 2021). Revenue was in line with analyst estimates. 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 10% per year, which means it has not declined as severely as earnings. Executive Departure • Oct 03
Executive Director Pei Ling Lee has left the company On the 28th of September, Pei Ling Lee's tenure as Executive Director ended after 1.4 years in the role. We don't have any record of a personal shareholding under Pei Ling's name. A total of 2 executives have left over the last 12 months. Executive Departure • Oct 01
Independent Non-Executive Director Cheng Khuan Gan has left the company On the 28th of September, Cheng Khuan Gan's tenure as Independent Non-Executive Director ended after 1.4 years in the role. We don't have any record of a personal shareholding under Cheng Khuan's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Jul 02
Full year 2021 earnings released: EPS HK$0.012 (vs HK$0.13 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: HK$637.3m (up 5.1% from FY 2020). Net income: HK$8.10m (down 88% from FY 2020). Profit margin: 1.3% (down from 12% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings. Aankondiging • Jun 23
ICO Group Limited Provides Consolidated Earnings Guidance for the Year Ended March 31, 2021 ICO Group Limited provided consolidated earnings guidance for the year ended March 31, 2021. For the period, it is expected to be decreased by not more than HKD 62 million as compared to the Group's consolidated net profit of approximately HKD 77 million for the year ended 31 March 2020. The expected decrease in Group's consolidated net profit for the Period was mainly due to the net effect of the following factors: a decrease in gross profit for the Period by not more than HKD 8 million as compared to the Corresponding Period; and an increase in other revenue and net gain by not more than HKD 3 million as compared to the Corresponding Period. Recent Insider Transactions • May 17
Insider recently bought HK$3.5m worth of stock On the 12th of May, Chiu Fai Choi bought around 12m shares on-market at roughly HK$0.28 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 • Mar 10
New 90-day low: HK$0.24 The company is down 14% from its price of HK$0.28 on 07 December 2020. The Hong Kong market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 12% over the same period. Is New 90 Day High Low • Feb 02
New 90-day low: HK$0.27 The company is down 13% from its price of HK$0.31 on 04 November 2020. The Hong Kong market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 29% over the same period. Reported Earnings • Dec 24
First half 2021 earnings released: EPS HK$0.018 The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: HK$281.1m (down 15% from 1H 2020). Net income: HK$11.0m (down 48% from 1H 2020). Profit margin: 3.9% (down from 6.4% in 1H 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 07
New 90-day high: HK$0.28 The company is up 748% from its price of HK$0.033 on 08 September 2020. The Hong Kong market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 11% over the same period. Reported Earnings • Nov 29
First half 2021 earnings released: EPS HK$0.002 The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: HK$281.1m (down 15% from 1H 2020). Net income: HK$11.0m (down 48% from 1H 2020). Profit margin: 3.9% (down from 6.4% in 1H 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Aankondiging • Nov 13
ICO Group Limited to Report First Half, 2021 Results on Nov 27, 2020 ICO Group Limited announced that they will report first half, 2021 results on Nov 27, 2020 Aankondiging • Oct 31
ICO Group Limited Appoints Lee Cheong Yuen as an Executive Director, Effective 1 November 2020 The board of directors of ICO Group Limited announced that Mr. Lee Cheong Yuen will be appointed as an executive Director of the Company with effect from 1 November 2020. Mr. Lee, aged 53, is the director of ICO Limited, which is a indirectly wholly-owned subsidiary of the Company. Mr. Lee is primarily responsible for overseeing the business development, in-house operations, overall strategic planning, devising market strategies and business expansion plans of ICO Limited. In the past years, he led ICO Limited to successfully complete several large-scale IT application and solution development projects for major clients in the public sector, private sector, banking and finance sector and logistics sector. He has over 30 years of experience in the IT industry. Mr. Lee is also the directors of most of subsidiaries of the Company within the Group. Mr. Lee was a Director of the Company on 26 April 2013 and was re-designated as an executive Director on 29 January 2014. He was also the chairman and chief executive officer of the Company. Upon passing of the ordinary resolutions at the adjourned EGM on 22 April 2020, and as not prohibited by the Hong Kong Codes on Takeovers and mergers and Share Buy-backs, Mr. Lee ceased his offices in the Company on 22 April 2020. Aankondiging • Jun 18
ICO Group Limited to Report Fiscal Year 2020 Results on Jun 30, 2020 ICO Group Limited announced that they will report fiscal year 2020 results on Jun 30, 2020