Upcoming Dividend • Jun 19
Upcoming dividend of HK$0.20 per share Eligible shareholders must have bought the stock before 25 June 2026. Payment date: 23 July 2026. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 5.8%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.4%). Buy Or Sell Opportunity • May 22
Now 22% undervalued Over the last 90 days, the stock has risen 11% to €0.89. The fair value is estimated to be €1.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.8% over the last 3 years. Earnings per share has grown by 4.0%. Revenue is forecast to grow by 2.2% in 2 years. Earnings are forecast to grow by 3.4% in the next 2 years. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Brian David Li was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 16
Guangdong Investment Limited to Report Q1, 2026 Results on Apr 28, 2026 Guangdong Investment Limited announced that they will report Q1, 2026 results at 12:30 PM, China Standard Time on Apr 28, 2026 Announcement • Mar 31
Guangdong Investment Limited, Annual General Meeting, Jun 18, 2026 Guangdong Investment Limited, Annual General Meeting, Jun 18, 2026, at 15:00 China Standard Time. Location: concord room, 8th floor, renaissance harbour view hotel hong kong, one harbour road, wanchai Hong Kong Announcement • Mar 18
Guangdong Investment Limited to Report Fiscal Year 2025 Results on Mar 30, 2026 Guangdong Investment Limited announced that they will report fiscal year 2025 results on Mar 30, 2026 Announcement • Jan 28
Guangdong Investment Limited Provides Preliminary Unaudited Consolidated Earnings Guidance for the Year Ended 31 December 2025 Guangdong Investment Limited provided preliminary unaudited consolidated earnings guidance for the year ended 31 December 2025. For the year, the company expects consolidated profit attributable to owners of the Company is expected to increase by approximately 43%, by reference to the audited consolidated profit attributable to owners of the Company of approximately HKD 3,142 million in 2024. The expected increase in the consolidated profit attributable to owners of the Company is primarily attributable to the following: on 21 January 2025, the Company completed the payment of a special dividend in the form of a distribution in specie of shares of Guangdong Land Holdings Limited ("GDL"). Since then, GDL ceased to be a subsidiary of the Company and the financial result of GDL was no longer consolidated in the financial statements of the Company, whereas its full-year loss had been included in the financial statements of the Company in 2024; and profit from continuing operations during the year under review increased when compared with that in 2024, mainly attributed to the saving on net finance costs and administrative expenses. Announcement • Jan 08
Guangdong Investment Limited Announces Resignation of BAI Tao as Executive Director and Chairman of the Board and the Chairman of the Nomination Committee, with Effect from 6 January 2026 The board of directors of Guangdong Investment Limited announced that Ms. BAI Tao (‘Ms. Bai’) has tendered her resignation as an Executive Director of the Company due to other work arrangements. Accordingly, she ceased to be the Chairman of the Board and the Chairman of the Nomination Committee of the Company with effect from 6 January 2026. Ms. Bai has confirmed that she has no disagreement with the Board and there is no matter relating to each of her resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited. Following the resignation of Ms. Bai, the Nomination Committee of the Company comprises of four Independent Non-executive Directors and it has no chairman. The Company is identifying suitable candidate(s) to fill the vacancy of relevant position to ensure compliance with the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. The Company will make further announcement(s) on relevant appointment(s) in due course. Board Change • Dec 30
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Brian David Li was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Oct 15
Guangdong Investment Limited to Report Nine Months, 2025 Results on Oct 27, 2025 Guangdong Investment Limited announced that they will report nine months, 2025 results on Oct 27, 2025 Announcement • Aug 15
Guangdong Investment Limited to Report First Half, 2025 Results on Aug 25, 2025 Guangdong Investment Limited announced that they will report first half, 2025 results on Aug 25, 2025 Announcement • Jun 13
Guangdong Investment Limited Announces Resignation of Fan Fan as Non-Executive Director, Effective June 13, 2025 The board of directors of Guangdong Investment Limited announced that Mr. FAN Fan has tendered his resignation as Non-Executive Director of the Company with effect from 13 June 2025 to pursue his career development. Announcement • Apr 14
Guangdong Investment Limited to Report Q1, 2025 Results on Apr 28, 2025 Guangdong Investment Limited announced that they will report Q1, 2025 results on Apr 28, 2025 Announcement • Mar 25
Guangdong Investment Limited, Annual General Meeting, Jun 17, 2025 Guangdong Investment Limited, Annual General Meeting, Jun 17, 2025, at 15:30 China Standard Time. Location: concord room, 8th floor, renaissance harbour view hotel hong kong, one harbour road, wanchai, Hong Kong Announcement • Mar 24
Guangdong Investment Limited Proposes Final Dividend for the Year Ended 31 December 2024, Payable on 24 July 2025 Guangdong Investment Limited proposed the final ordinary dividend of HKD 0.0727 per share for the year ended 31 December 2024, payable on 24 July 2025. Ex-dividend date is on 25 June 2025 with Record date on 27 June 2025. Date of shareholders' approval on 17 June 2025. Announcement • Mar 12
Guangdong Investment Limited to Report Fiscal Year 2024 Results on Mar 24, 2025 Guangdong Investment Limited announced that they will report fiscal year 2024 results on Mar 24, 2025 Board Change • Dec 30
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. 4 experienced directors. 6 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Non-Executive Director Brian David Li was the last independent director to join the board, commencing their role in 2021. 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 • Oct 29
Third quarter 2024 earnings released Third quarter 2024 results: EPS: HK$0.18. Revenue: HK$5.85b (up 16% from 3Q 2023). Net income: HK$1.18b (down 9.1% from 3Q 2023). Profit margin: 20% (down from 26% in 3Q 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Global Water Utilities industry. Announcement • Oct 17
Guangdong Investment Limited to Report Nine Months, 2024 Results on Oct 29, 2024 Guangdong Investment Limited announced that they will report nine months, 2024 results on Oct 29, 2024 Upcoming Dividend • Oct 02
Upcoming dividend of HK$0.24 per share Eligible shareholders must have bought the stock before 09 October 2024. Payment date: 30 October 2024. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.7%). Declared Dividend • Aug 30
First half dividend of HK$0.24 announced Shareholders will receive a dividend of HK$0.24. Ex-date: 9th October 2024 Payment date: 30th October 2024 Dividend yield will be 51%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (79% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 3.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 29
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: HK$5.90b (down 2.2% from 2Q 2023). Net income: HK$1.14b (down 8.4% from 2Q 2023). Profit margin: 19% (down from 21% in 2Q 2023). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Global Water Utilities industry. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Announcement • Aug 16
Guangdong Investment Limited to Report First Half, 2024 Results on Aug 28, 2024 Guangdong Investment Limited announced that they will report first half, 2024 results on Aug 28, 2024 Upcoming Dividend • Jun 19
Upcoming dividend of HK$0.12 per share Eligible shareholders must have bought the stock before 26 June 2024. Payment date: 25 July 2024. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 6.9%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (5.1%). Reported Earnings • Apr 26
First quarter 2024 earnings released First quarter 2024 results: EPS: HK$0.20. Revenue: HK$6.39b (up 20% from 1Q 2023). Net income: HK$1.27b (flat on 1Q 2023). Profit margin: 20% (down from 24% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Global Water Utilities industry. Announcement • Apr 16
Guangdong Investment Limited to Report Q1, 2024 Results on Apr 25, 2024 Guangdong Investment Limited announced that they will report Q1, 2024 results on Apr 25, 2024 Declared Dividend • Mar 27
Final dividend of HK$0.12 announced Shareholders will receive a dividend of HK$0.12. Ex-date: 26th June 2024 Payment date: 25th July 2024 Dividend yield will be 34%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 4.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Mar 27
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 German stocks, typically moving 11% 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 Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (13% net profit margin). Announcement • Mar 26
Guangdong Investment Limited, Annual General Meeting, Jul 25, 2024 Guangdong Investment Limited, Annual General Meeting, Jul 25, 2024, at 14:30 China Standard Time. Location: Concord Room, 8th Floor, Renaissance Harbour View Hotel Hong Kong, One Harbour Road, Wanchai, Hong Kong Hong Kong China Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: HK$0.48 (vs HK$0.73 in FY 2022) Full year 2023 results: EPS: HK$0.48 (down from HK$0.73 in FY 2022). Revenue: HK$24.2b (up 4.3% from FY 2022). Net income: HK$3.12b (down 35% from FY 2022). Profit margin: 13% (down from 21% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Global Water Utilities industry. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Announcement • Mar 14
Guangdong Investment Limited to Report Fiscal Year 2023 Results on Mar 25, 2024 Guangdong Investment Limited announced that they will report fiscal year 2023 results on Mar 25, 2024 Announcement • Oct 28
Guangdong Investment Limited Announces Change of Executive Director, Chairman of the Board and Chairman and Member of the Nomination Committee The Board announces that as Mr. HOU Wailin has reached his retirement age, he has tendered his resignation as an Executive Director of the Company. Accordingly, he will cease to be the Chairman of the Board and the Chairman and a member of the Nomination Committee of the Company with effect from 26 October 2023; and Ms. BAI Tao is appointed as an Executive Director, the Chairman of the Board and the Chairman and a member of the Nomination Committee of the Company effective upon the conclusion of the relevant board meeting held on 26 October 2023. Ms. BAI Tao (), aged 56, holds a bachelor's degree in engineering from Lanzhou University of Technology (formerly known as Gansu University of Technology) and a Doctorate degree in economics from Jinan University. She is a senior economist and a senior engineer. Ms. Bai was appointed the chairman of (Guangdong Holdings Limited) ("Guangdong Holdings") and GDH Limited ("GDH") in September 2023. Prior to joining the Guangdong Holdings group, Ms. Bai had served for a number of large-scale enterprises which specialized in manufacturing, industrial construction and real estate industries. She had been a director and general manager of (Guangdong Province Second Light Industry Group Corporation), chairman of (Guangdong Province Guangqing Holdings Group Co. Ltd.) and chairman of (Guangdong Guangxin Holdings Group Co. Ltd., being an enterprise of the 2023 Fortune Global 500). Ms. Bai was awarded the in 2005, and an expert entitled to special grants of the State Council of the People's Republic of China in 2018. In addition, Ms. Bai actively involves in public services. She is currently serving as vice chairman of China Enterprise Reform and Development Society, and previously acted as vice chairman of the Guangdong Women's Federation and a director of the (Guangdong Provincial Urban Collective Enterprises Federation) etc. Guangdong Holdings and GDH are the ultimate controlling shareholder and the immediate controlling shareholder of the Company, respectively. Reported Earnings • Oct 27
Third quarter 2023 earnings released Third quarter 2023 results: EPS: HK$0.20. Revenue: HK$5.07b (down 14% from 3Q 2022). Net income: HK$1.30b (down 26% from 3Q 2022). Profit margin: 26% (down from 30% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Global Water Utilities industry. Announcement • Oct 13
Guangdong Investment Limited to Report Nine Months, 2023 Results on Oct 26, 2023 Guangdong Investment Limited announced that they will report nine months, 2023 results on Oct 26, 2023 Upcoming Dividend • Sep 29
Upcoming dividend of HK$0.19 per share at 10% yield Eligible shareholders must have bought the stock before 06 October 2023. Payment date: 26 October 2023. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 10%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (4.9%). Reported Earnings • Aug 30
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: HK$6.04b (down 5.8% from 2Q 2022). Net income: HK$1.24b (down 15% from 2Q 2022). Profit margin: 21% (down from 23% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Global Water Utilities industry. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Announcement • Aug 18
Guangdong Investment Limited to Report First Half, 2023 Results on Aug 29, 2023 Guangdong Investment Limited announced that they will report first half, 2023 results on Aug 29, 2023 Buying Opportunity • Aug 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be €0.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 41% in 2 years. Earnings is forecast to grow by 21% in the next 2 years. Buying Opportunity • Jul 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be €0.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 41% in 2 years. Earnings is forecast to grow by 21% in the next 2 years. Upcoming Dividend • Jun 20
Upcoming dividend of HK$0.43 per share at 8.7% yield Eligible shareholders must have bought the stock before 27 June 2023. Payment date: 27 July 2023. Payout ratio is on the higher end at 84% but the company is not cash flow positive. Trailing yield: 8.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.3%). Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: HK$0.73 (vs HK$0.72 in FY 2021) Full year 2022 results: EPS: HK$0.73 (up from HK$0.72 in FY 2021). Revenue: HK$23.2b (down 22% from FY 2021). Net income: HK$4.76b (up 1.4% from FY 2021). Profit margin: 21% (up from 16% in FY 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Global Water Utilities industry. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Buying Opportunity • Feb 13
Now 22% undervalued Over the last 90 days, the stock is up 21%. The fair value is estimated to be €1.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 28% in 2 years. Earnings is forecast to grow by 18% in the next 2 years. Buying Opportunity • Jan 27
Now 22% undervalued Over the last 90 days, the stock is up 29%. The fair value is estimated to be €1.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 28% in 2 years. Earnings is forecast to grow by 18% in the next 2 years. Buying Opportunity • Jan 06
Now 22% undervalued Over the last 90 days, the stock is up 29%. The fair value is estimated to be €1.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 28% in 2 years. Earnings is forecast to grow by 16% in the next 2 years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Non-Executive Director Brian David Li was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 29
Third quarter 2022 earnings released Third quarter 2022 results: EPS: HK$0.27. Revenue: HK$5.87b (down 31% from 3Q 2021). Net income: HK$1.75b (down 11% from 3Q 2021). Profit margin: 30% (up from 23% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Global Water Utilities industry. Announcement • Oct 19
Guangdong Investment Limited to Report Nine Months, 2022 Results on Oct 28, 2022 Guangdong Investment Limited announced that they will report nine months, 2022 results on Oct 28, 2022 Upcoming Dividend • Sep 30
Upcoming dividend of HK$0.19 per share Eligible shareholders must have bought the stock before 07 October 2022. Payment date: 27 October 2022. Payout ratio is on the higher end at 82% but the company is not cash flow positive. Trailing yield: 9.7%. Within top quartile of German dividend payers (5.8%). Higher than average of industry peers (4.7%). Reported Earnings • Sep 01
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: HK$6.41b (down 12% from 2Q 2021). Net income: HK$1.46b (up 5.1% from 2Q 2021). Profit margin: 23% (up from 19% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 2.5%, compared to a 7.2% growth forecast for the Water Utilities industry in Germany. Announcement • Aug 31
Guangdong Investment Limited Announces Interim Dividend for the Six Months Ended 30 June 2022, Payable on 27 October 2022 Guangdong Investment Limited announced interim dividend of HKD 0.1871 per share for the six months ended 30 June 2022. Ex-dividend date is 07 October 2022. Record date is 11 October 2022 and payment date is 27 October 2022. Announcement • Aug 17
Guangdong Investment Limited to Report Q2, 2022 Results on Aug 30, 2022 Guangdong Investment Limited announced that they will report Q2, 2022 results on Aug 30, 2022 Announcement • Jun 24
Guangdong Investment Limited Announces Retirement of Wu Ting Yuk, Anthony as Independent Non-Executive Director and as Chairman and Member of the Audit Committee and A Member of Each of the Remuneration Committee and the Nomination Committee At the annual general meeting of Guangdong Investment Limited held on 23 June 2022, the board of directors (the "Board") of the Company announced that Mr. Wu Ting Yuk, Anthony, an Independent Non-Executive Director of the Company, will focus on other matters and did not offer himself for re-election at the AGM upon retirement by rotation in accordance with the Articles of Association of the Company. Accordingly, his directorship with theCompany ceased with effect from the conclusion of the AGM, and he also ceased to be the Chairman and a member of the Audit Committee and a member of each of the Remuneration Committee and the Nomination Committee. Upcoming Dividend • Jun 20
Upcoming dividend of HK$0.43 per share Eligible shareholders must have bought the stock before 27 June 2022. Payment date: 28 July 2022. Payout ratio is on the higher end at 82% but the company is not cash flow positive. Trailing yield: 6.7%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (3.8%). Reported Earnings • Apr 29
Full year 2021 earnings released: EPS: HK$0.72 (vs HK$0.69 in FY 2020) Full year 2021 results: EPS: HK$0.72 (up from HK$0.69 in FY 2020). Revenue: HK$29.7b (up 28% from FY 2020). Net income: HK$4.70b (up 4.1% from FY 2020). Profit margin: 16% (down from 20% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 5.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Announcement • Apr 16
Guangdong Investment Limited to Report Q1, 2022 Results on Apr 28, 2022 Guangdong Investment Limited announced that they will report Q1, 2022 results on Apr 28, 2022 Announcement • Apr 02
Guangdong Investment Limited, Annual General Meeting, Jun 23, 2022 Guangdong Investment Limited, Annual General Meeting, Jun 23, 2022, at 14:30 China Standard Time. Location: Concord Room, 8th Floor, Renaissance HarbourView Hotel Hong Kong, One Harbour Road Wanchai Hong Kong Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: HK$0.72 (vs HK$0.69 in FY 2020) Full year 2021 results: EPS: HK$0.72 (up from HK$0.69 in FY 2020). Revenue: HK$29.7b (up 28% from FY 2020). Net income: HK$4.70b (up 4.1% from FY 2020). Profit margin: 16% (down from 20% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 11% compared to a 3.2% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS HK$0.30 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: HK$8.50b (up 29% from 3Q 2020). Net income: HK$1.97b (up 30% from 3Q 2020). Profit margin: 23% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Upcoming Dividend • Oct 01
Upcoming dividend of HK$0.18 per share Eligible shareholders must have bought the stock before 08 October 2021. Payment date: 28 October 2021. Trailing yield: 5.9%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.9%). Reported Earnings • Aug 31
Second quarter 2021 earnings released The company reported a mediocre second quarter result with weaker profit margins, although earnings were flat and revenues improved. Second quarter 2021 results: Revenue: HK$7.31b (up 20% from 2Q 2020). Net income: HK$1.39b (flat on 2Q 2020). Profit margin: 19% (down from 23% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Jun 18
Upcoming dividend of HK$0.41 per share Eligible shareholders must have bought the stock before 24 June 2021. Payment date: 29 July 2021. Trailing yield: 5.1%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.5%). Reported Earnings • Apr 25
Full year 2020 earnings released: EPS HK$0.69 (vs HK$0.77 in FY 2019) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: HK$23.2b (up 39% from FY 2019). Net income: HK$4.51b (down 11% from FY 2019). Profit margin: 20% (down from 30% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has remained flat. Announcement • Apr 18
Guangdong Investment Limited Provides Earnings Guidance for the Three Months Ended March 31, 2021 Guangdong Investment Limited provided earnings guidance for the three months ended March 31, 2021. The board informed the shareholders of the company and potential investors that the unaudited consolidated profit attributable to owners of the Company for the three months ended 31 March 2021 is expected to increase by not less than 35% as compared with that of the three months ended 31 March 2020. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS HK$0.69 (vs HK$0.77 in FY 2019) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: HK$23.2b (up 39% from FY 2019). Net income: HK$4.51b (down 11% from FY 2019). Profit margin: 20% (down from 30% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Mar 13
Guangdong Investment Limited to Report Fiscal Year 2020 Results on Mar 26, 2021 Guangdong Investment Limited announced that they will report fiscal year 2020 results on Mar 26, 2021 Is New 90 Day High Low • Jan 07
New 90-day high: €1.55 The company is up 18% from its price of €1.31 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Water Utilities industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.11 per share. Announcement • Dec 30
Guangdong Investment Limited Provides Update on Water Supply Agreement for 2021 to 2023 Between Government of the Hong Kong Special Administrative Region and the People's Government of Guangdong Province The board of directors of Guangdong Investment Limited to provide an update on the water supply agreement for 2021 to 2023 between the government of the Hong Kong Special Administrative Region (the "HKSAR Government") and the People's Government of Guangdong Province (the "Guangdong Provincial Government"). The HKSAR Government and the Guangdong Provincial Government had finalized the water supply arrangement for 2021 to 2023, and on 28 December 2020 signed a new water supply agreement (the "2021-23 Water Supply Agreement") for a term of three years from 1 January 2021 to 31 December 2023. The principal terms of the 2021-23 Water Supply Agreement are as follows: The annual supply ceiling and the ultimate annual water supply quantity shall be maintained at 820 million cubic metres and 1,100 million cubic metres for the three-year period between 2021 and 2023, respectively. The annual basic water prices for 2021 to 2023 are HKD 4,885.53 million, HKD 4,950.51 million and HKD 5,016.35 million respectively. In consideration of the impact of the pandemic in Hong Kong and as agreed by the Guangdong Provincial Government, the actual water price for 2021 is to be frozen at the 2020 level (i.e. HKD 4,821.41 million). The water price deduction mechanism shall be adopted for at least up to 2029 (including the 2021-23 Water Supply Agreement and another 2 three-year water supply agreements in the future). For details of the water price deduction mechanism. The quality of water supplied to Hong Kong shall comply with Type II water in the Environmental Quality Standards for Surface Water (GB3838-2002), which is the highest national standard for surface water applicable for the abstraction for human consumption. Is New 90 Day High Low • Dec 23
New 90-day high: €1.50 The company is up 8.0% from its price of €1.38 on 24 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Water Utilities industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.03 per share. Is New 90 Day High Low • Nov 11
New 90-day high: €1.44 The company is up 1.0% from its price of €1.43 on 13 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Water Utilities industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.76 per share. Reported Earnings • Nov 03
Third quarter 2020 earnings released: EPS HK$0.23 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: HK$6.61b (up 58% from 3Q 2019). Net income: HK$1.52b (up 5.2% from 3Q 2019). Profit margin: 23% (down from 35% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Oct 27
New 90-day low: €1.27 The company is down 9.0% from its price of €1.40 on 29 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.08 per share. Announcement • Oct 16
Guangdong Investment Limited to Report Q3, 2020 Results on Oct 29, 2020 Guangdong Investment Limited announced that they will report Q3, 2020 results on Oct 29, 2020 Reported Earnings • Sep 26
First half earnings released Over the last 12 months the company has reported total profits of HK$4.71b, down 6.6% from the prior year. Total revenue was HK$19.0b over the last 12 months, up 36% from the prior year. Announcement • Sep 23
Guangdong Investment Limited Appoints Feng Qingchun as Non-Executive Director The board of directors of Guangdong Investment Limited announced that Mr. FENG Qingchun ("Mr. Feng") will be appointed as a Non-Executive Director of the Company with effect from 26 August 2020. Mr. Feng Qingchun was a principal officer and then the deputy division director of Guangdong Regulatory Bureau of the Ministry of Finance, PRC. Mr. Feng was appointed the General Manager of the Finance Department of (Guangdong Holdings Limited) and GDH Limited on 2 March 2020. He is the Chairman of (GDH (Shanghai) Investment Management Limited) ("GDH (Shanghai)") and (GDH (Guangzhou) Investment Limited) ("GDH (Guangzhou)"). GDH (Shanghai) is a subsidiary of Guangdong Holdings and GDH (Guangzhou) is a subsidiary of GDH. Announcement • Aug 12
Guangdong Investment Limited to Report First Half, 2020 Results on Aug 25, 2020 Guangdong Investment Limited announced that they will report first half, 2020 results on Aug 25, 2020 
