New Risk • Jun 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.70m (US$9.88m) 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 Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 36% per year over the past 5 years. Market cap is less than US$10m (€8.70m market cap, or US$9.88m). Board Change • May 20
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 Johnny Leung was the last independent director to join the board, commencing their role in 2000. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 23
Celestial Asia Securities Holdings Limited, Annual General Meeting, May 29, 2026 Celestial Asia Securities Holdings Limited, Annual General Meeting, May 29, 2026, at 10:00 China Standard Time. Location: 28/f, manhattan place, 23 wang tai road, kowloon bay, Hong Kong Announcement • Mar 17
Celestial Asia Securities Holdings Limited to Report Fiscal Year 2025 Results on Mar 27, 2026 Celestial Asia Securities Holdings Limited announced that they will report fiscal year 2025 results on Mar 27, 2026 Announcement • Sep 01
Celestial Asia Securities Holdings Limited Announces Change in Composition of the Nomination Committee, with Effect from 1 September 2025 The board of directors of Celestial Asia Securities Holdings Limited announced the following changes in the composition of the nomination committee of the Company with effect from 1 September 2025: Ms Kwan Iec Teng Janet, an executive Director, has been appointed as a member of the Nomination Committee; and Mr. Wong Chuk Yan, an independent non-executive Director, has been appointed as a member of the Nomination Committee. Following the above changes, the Nomination Committee comprises five members, namely Dr Kwan Pak Hoo Bankee (chairman), Mr. Leung Ka Kui Johnny, Dr Chan Hak Sin, Ms Kwan Iec Teng Janet and Mr. Wong Chuk Yan. Announcement • Aug 15
Celestial Asia Securities Holdings Limited to Report First Half, 2025 Results on Aug 27, 2025 Celestial Asia Securities Holdings Limited announced that they will report first half, 2025 results on Aug 27, 2025 Announcement • Jun 11
Celestial Asia Securities Holdings Limited announced that it expects to receive HKD 40 million in funding Celestial Asia Securities Holdings Limited entered into subscription agreement for private placement to issue convertible bonds for the principle amount of HKD 20,000,000 for Special mandate and HKD 20,000,000 for general mandate on June 10, 2025. The transaction involve participation of private and corporate investors. Convertible bonds carry the conversion rights to convert into up to 16,000,000 conversion shares at the initial conversion Price of HKD 1.25. The transaction is subject to shareholders approval of special mandate. The third anniversary of the issue date of the Convertible Bonds or any other date mutually agreed between the Company and the Bond holder for maturity date. The bonds bear 5 % interest rate. The Convertible Bonds constitute direct, unconditional, unsubordinated and unsecured obligations of the Company. Announcement • Apr 24
Celestial Asia Securities Holdings Limited, Annual General Meeting, Jun 03, 2025 Celestial Asia Securities Holdings Limited, Annual General Meeting, Jun 03, 2025, at 10:00 China Standard Time. Location: 23/floor, lee garden one, 33 hysan avenue, causeway bay, Hong Kong Announcement • Mar 18
Celestial Asia Securities Holdings Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 Celestial Asia Securities Holdings Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 New Risk • Aug 25
New major risk - Revenue and earnings growth Earnings have declined by 1.6% 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 Earnings have declined by 1.6% per year over the past 5 years. Market cap is less than US$10m (€7.68m market cap, or US$8.59m). Minor Risk Share price has been volatile over the past 3 months (9.7% average weekly change). Announcement • Aug 14
Celestial Asia Securities Holdings Limited to Report First Half, 2024 Results on Aug 23, 2024 Celestial Asia Securities Holdings Limited announced that they will report first half, 2024 results on Aug 23, 2024 Buy Or Sell Opportunity • Jun 04
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 147% to €0.12. The fair value is estimated to be €0.094, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company became loss making. Announcement • Apr 28
Celestial Asia Securities Holdings Limited, Annual General Meeting, Jun 18, 2024 Celestial Asia Securities Holdings Limited, Annual General Meeting, Jun 18, 2024, at 10:00 China Standard Time. Location: 1001B, 10/F, Tower 535, 535 Jaffe Road, Cause Way Bay Hong Kong Agenda: To receive and consider the financial statements and the reports of the Directors and the auditor for the year ended 31 December 2023; to re-elect directors; to authorize the Directors to fix the Directors' remuneration; to re-appoint Messrs. Deloitte Touche Tohmatsu as auditor of the Company and to authorise the Directors to fix its remuneration; and to transact other business. Reported Earnings • Mar 30
Full year 2023 earnings released: HK$1.34 loss per share (vs HK$0.42 loss in FY 2022) Full year 2023 results: HK$1.34 loss per share (further deteriorated from HK$0.42 loss in FY 2022). Revenue: HK$1.02b (down 16% from FY 2022). Net loss: HK$108.0m (loss widened 221% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. New Risk • Mar 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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 Market cap is less than US$10m (€6.31m market cap, or US$6.81m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (9.3% average weekly change). Announcement • Mar 16
Celestial Asia Securities Holdings Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 Celestial Asia Securities Holdings Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 Board Change • Nov 03
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Johnny Leung was the last independent director to join the board, commencing their role in 2000. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Sep 02
Celestial Asia Securities Holdings Limited Appoints Cheung Tsz Yui Morton as the Chief Financial Officer, Effective 1 September 2023 Celestial Asia Securities Holdings Limited announced that Mr. Cheung Tsz Yui Morton has been appointed as the chief financial officer, with effect from 1 September 2023. Mr. Cheung will continue to act as an executive Director and the authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. The biographical details of Mr. Cheung are as follows: Mr. Cheung, aged 37, joined the Group on 20 June 2023 as executive Director, deputy chief financial officer of the Company and Authorised Representative overseeing the finance and treasury function of the Group. He has extensive experience in the fields of auditing, financial reporting, investment banking and corporate finance; Mr. Cheung received a Bachelor in Business Administration (Professional Accountancy) from The Chinese University of Hong Kong. He is a Certified Public Accountant of the Hong Kong Institute of Certified Public Accountants; Mr. Cheung has not held any other directorships in public companies the securities of which are listed in Hong Kong or overseas during the three years preceding the date of this announcement; Mr. Cheung has entered into a service agreement with the Company for a term of three years with effect from the date of his appointment as executive Director and will be renewable automatically for successive terms of three years upon expiry of the term of the appointment. Mr. Cheung is subject to the retirement by rotation and re-election pursuant to the bye-laws of the Company and the Listing Rules. Mr. Cheung is entitled to an annual salary which is determined by the Board with reference to his duties and responsibilities with the Company and the prevailing market rate of similar position. He is also entitled to year end discretionary bonus which will depend on his working performance, as specified in his service agreement with the Company; Mr. Cheung has no relationship with any directors, senior management, substantial shareholders or controlling shareholders of the Company; within the meaning of Part XV of the Securities and Futures Ordinance, Mr. Cheung does not have any interests in the shares of the Company; and save as disclosed above, the Board is not aware of any other matters in relation to the appointment of Mr. Cheung that need to be brought to the attention of the shareholders of the Company or any information that should be disclosed pursuant to any of the requirements of Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules. Reported Earnings • Aug 28
First half 2023 earnings released: HK$0.62 loss per share (vs HK$0.051 profit in 1H 2022) First half 2023 results: HK$0.62 loss per share (down from HK$0.051 profit in 1H 2022). Revenue: HK$508.8m (down 19% from 1H 2022). Net loss: HK$50.1m (down HK$54.2m from profit in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Aug 19
Celestial Asia Securities Holdings Limited Provides Earnings Guidance for the Six Months Ended 30 June 2023 Celestial Asia Securities Holdings Limited provided earnings guidance for the six months ended 30 June 2023. The group expected that a net loss ranging from HKD 55 million to HKD 60 million for the six months ended 30 June 2023 as compared with the net profit of approximately HKD 4.3 million for the six months ended 30 June 2022. Announcement • Aug 16
Celestial Asia Securities Holdings Limited to Report First Half, 2023 Results on Aug 25, 2023 Celestial Asia Securities Holdings Limited announced that they will report first half, 2023 results on Aug 25, 2023 Reported Earnings • Mar 27
Full year 2022 earnings released: HK$0.42 loss per share (vs HK$0.53 loss in FY 2021) Full year 2022 results: HK$0.42 loss per share (improved from HK$0.53 loss in FY 2021). Revenue: HK$1.21b (down 12% from FY 2021). Net loss: HK$33.6m (loss narrowed 22% from FY 2021). Like-for-like sales growth: Down 12.1% vs FY 2021 Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Board Change • Mar 24
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Johnny Leung was the last independent director to join the board, commencing their role in 2000. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Johnny Leung was the last independent director to join the board, commencing their role in 2000. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 11
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up HK$10.4m from 1H 2021). Profit margin: (up from net loss in 1H 2021). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 26
Upcoming dividend of HK$0.15 per share Eligible shareholders must have bought the stock before 02 June 2022. Payment date: 21 June 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 11%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (3.0%). Board Change • Apr 29
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 Johnny Leung was the last independent director to join the board, commencing their role in 2000. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 23
Celestial Asia Securities Holdings Limited, Annual General Meeting, May 31, 2022 Celestial Asia Securities Holdings Limited, Annual General Meeting, May 31, 2022, at 10:00 China Standard Time. Location: Ching Room, 4/F Sheraton Hong Kong Hotel & Towers, 20 Nathan Road, Kowloon Kowloon Hong Kong Agenda: To receive and consider the financial statements and the reports of the Directors and the auditor for the year ended 31 December 2021; to declare a final dividend of 15 HK cents per share in cash for the year ended 31 December 2021 out of the contributed surplus account of the Company; to re-elect the retiring Directors of the Company for the ensuring year; to authorise the Directors to fix the Directors' remuneration; to re-appoint Messrs. Deloitte Touche Tohmatsu as auditor of the Company and to authorize the Directors to fix its remuneration; and to consider other matters. Board Change • Oct 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 Johnny Leung was the last independent director to join the board, commencing their role in 2000. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 24
Celestial Asia Secs Holdings Ordinary Shares to Be Deleted from Other OTC Celestial Asia Securities Holdings Limited Ordinary Shares (Bermuda) will be deleted from Other OTC effective from September 23, 2021, due to CUSIP Suspended. Executive Departure • Sep 07
Company Secretary Wing Sheung Luke has left the company On the 1st of September, Wing Sheung Luke's tenure as Company Secretary ended. We don't have any record of a personal shareholding under Wing Sheung's name. A total of 3 executives have left over the last 12 months. Reported Earnings • Sep 04
First half 2021 earnings released: HK$0.13 loss per share (vs HK$0.11 loss in 1H 2020) The company reported a soft first half result with increased losses and weaker control over costs, although revenues improved. First half 2021 results: Revenue: HK$670.9m (up 3.8% from 1H 2020). Net loss: HK$10.4m (loss widened 137% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Announcement • May 12
Celestial Asia Securities Holdings Limited Approves the Final Dividend for the Year Ended December 31, 2020 Celestial Asia Securities Holdings Limited at its AGM held on May 11, 2021, approved the declaration of final dividend of 25 HK cents per share in cash for the year ended 31 December 2020 out of contributed surplus account of the company. Approved the amount of HKD 550,000,000 standing to the credit of the share premium account of the company be reduced and that the credit arising therefrom be transferred to the contributed surplus account of the company; and to authorize the directors of the company generally to carry out all acts and things which they may consider appropriate, necessary or desirable to give effect to or to implement the foregoing. Reported Earnings • Mar 13
Full year 2020 earnings released: EPS HK$0.66 (vs HK$2.39 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: HK$1.40b (flat on FY 2019). Net income: HK$40.0m (up HK$139.4m from FY 2019). Profit margin: 2.9% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. Announcement • Mar 13
Celestial Asia Securities Holdings Limited, Annual General Meeting, May 11, 2021 Celestial Asia Securities Holdings Limited, Annual General Meeting, May 11, 2021. Agenda: To consider dividend. Announcement • Mar 03
Celestial Asia Securities Holdings Limited to Report Fiscal Year 2020 Results on Mar 12, 2021 Celestial Asia Securities Holdings Limited announced that they will report fiscal year 2020 results on Mar 12, 2021 
