Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$1.20, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 8x in the Luxury industry in Hong Kong. Total returns to shareholders of 2.2% over the past three years. Announcement • Jul 21
Kingdom Holdings Limited Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2026 Kingdom Holdings Limited provided consolidated earnings guidance for the six months ended June 30, 2026. For the period, the company expects net profit of not less than RMB 100,000,000 and net profit attributable to owners of the parent also not less than RMB 100,000,000. This represents a turnaround from a net loss of RMB 121,517,000 and a net loss attributable to owners of the parent of RMB 118,553,000 for the six months ended 30 June 2025, respectively. The significant improvement in performance is mainly attributable to (1) gradual recovery of linen yarn prices since the second half of 2025 after significant market adjustments in raw material and linen yarn prices from the end of 2024 to the second quarter of 2025, which led to an improvement in the Group's operating margins and overall profitability during the Relevant Period; and (2) the domestic linen consumer market has become one of the world's largest linen consumer markets, boosting product demand and enhancing overall profitability. The information contained in this announcement is only based on a preliminary assessment by the Board based on information currently available to it, including the unaudited consolidated management accounts of the Group for the six months ended 30 June 2026, which have not been confirmed or reviewed by the Company's auditors or the audit committee of the Company. The actual results of the Group for the six months ended 30 June 2026 may differ from the disclosure in this announcement. Detailed financial results of the Group for the six months ending 30 June 2026 will be announced in August 2026. Upcoming Dividend • Jun 25
Upcoming dividend of HK$0.06 per share Eligible shareholders must have bought the stock before 02 July 2026. Payment date: 29 July 2026. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 5.2%. Lower than top quartile of Hong Kong dividend payers (7.5%). In line with average of industry peers (5.6%). 
