APAC Resources
Market Cap
HK$1.1b
Last Updated
2019/10/21 12:38 UTC
Data Sources
Company Financials
Executive Summary
APAC Resources Limited, an investment holding company, engages in commodity trading and natural resource investment businesses in the People’s Republic of China.
Snowflake
Fundamentals
Flawless balance sheet and good value.
Similar Companies
Share Price & News
How has APAC Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-7.1%
1104
7.5%
HK Trade Distributors
0.9%
HK Market
1 Year Return
-20.7%
1104
12.8%
HK Trade Distributors
0.6%
HK Market
Return vs Industry: 1104 underperformed the Hong Kong Trade Distributors industry which returned 12.8% over the past year.
Return vs Market: 1104 underperformed the Hong Kong Market which returned 0.6% over the past year.
Shareholder returns
| 1104 | Industry | Market | |
|---|---|---|---|
| 7 Day | -7.1% | 7.5% | 0.9% |
| 30 Day | -7.1% | -5.7% | 0.5% |
| 90 Day | -6.1% | 8.1% | -4.3% |
| 1 Year | -9.9%-20.7% | 16.3%12.8% | 4.2%0.6% |
| 3 Year | 2.6%-14.8% | -5.7%-14.5% | 15.6%4.0% |
| 5 Year | -22.8%-52.1% | -37.9%-50.4% | 20.0%-0.08% |
Price Volatility Vs. Market
How volatile is APAC Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Is APAC Resources Limited (HKG:1104) A Strong Dividend Stock?1 month ago | Simply Wall St
Does The APAC Resources Limited (HKG:1104) Share Price Fall With The Market?2 months ago | Simply Wall St
If You Had Bought APAC Resources (HKG:1104) Stock Five Years Ago, You'd Be Sitting On A 49% Loss, TodayValuation
Is APAC Resources undervalued compared to its fair value and its price relative to the market?
13.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1104 (HK$0.92) is trading below our estimate of fair value (HK$1.06)
Significantly Below Fair Value: 1104 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 1104 is good value based on its PE Ratio (1.4x) compared to the Trade Distributors industry average (9.1x).
PE vs Market: 1104 is good value based on its PE Ratio (1.4x) compared to the Hong Kong market (10.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 1104's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 1104 is good value based on its PB Ratio (0.3x) compared to the HK Trade Distributors industry average (0.6x).
Next Steps
Future Growth
How is APAC Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
-4.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1104's earnings are forecast to decline over the next 3 years (-4% per year).
Earnings vs Market: 1104's earnings are forecast to decline over the next 3 years (-4% per year).
High Growth Earnings: 1104's earnings are forecast to decline over the next 3 years.
Revenue vs Market: Insufficient data to determine if 1104's revenue is forecast to grow faster than the Hong Kong market.
High Growth Revenue: Insufficient data to determine if 1104's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 1104's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has APAC Resources performed over the past 5 years?
37.3%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: 1104's earnings have grown significantly by 37.3% per year over the past 5 years.
Accelerating Growth: 1104's earnings growth over the past year (85.4%) exceeds its 5-year average (37.3% per year).
Earnings vs Industry: 1104 earnings growth over the past year (85.4%) exceeded the Trade Distributors industry 1%.
Return on Equity
High ROE: 1104's Return on Equity (15.2%) is considered low.
Return on Assets
ROA vs Industry: 1104 has a higher Return on Assets than the Trade Distributors industry average last year.
Return on Capital Employed
ROCE Improving: 1104's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is APAC Resources's financial position?
Financial Position Analysis
Short Term Liabilities: 1104's short term assets (HK$1.8B) exceeds its short term liabilities (HK$13.0M)
Long Term Liabilities: 1104 has no long term liabilities
Debt to Equity History and Analysis
Debt Level: 1104 is debt free.
Reducing Debt: 1104 has no debt compared to 5 years ago when its debt to equity ratio was 4%.
Debt Coverage: 1104 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 1104 has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: 1104 has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if 1104's debt is covered by short term assets.
Next Steps
Dividend
What is APAC Resources's current dividend yield, its reliability and sustainability?
10.87%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: 1104's dividend (10.87%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.27%).
High Dividend: 1104's dividend (10.87%) is in the top 25% of dividend payers in the Hong Kong market (6.25%)
Stable Dividend: Whilst dividend payments have been stable, 1104 has been paying a dividend for less than 10 years.
Growing Dividend: 1104's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (14.7%), 1104's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of APAC Resources's salary, the management and board of directors tenure and is there insider trading?
5.5yrs
Average management tenure
CEO
Andrew Ferguson (46yo)
9.8yrs
Tenure
HK$5,242,000
Compensation
Mr. Andrew Charles Ferguson, BSc Hons, has been the Chief Executive Officer and Executive Director of APAC Resources Limited since January 12, 2010. Mr. Ferguson serves as a Fund Manager at New City Invest ...
CEO Compensation Analysis
Compensation vs. Market: Andrew's total compensation ($USD668.44K) is above average for companies of similar size in the Hong Kong market ($USD214.48K).
Compensation vs Earnings: Andrew's compensation has increased by more than 20% in the past year.
Management Age and Tenure
5.5yrs
Average Tenure
54yo
Average Age
Experienced Management: 1104's management team is seasoned and experienced (5.5 years average tenure).
Board Age and Tenure
9.9yrs
Average Tenure
62.5yo
Average Age
Experienced Board: 1104's board of directors are considered experienced (9.9 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 420,000 |
| Max Price | HK$1.04 |
| Entity | Company |
| Shares | 280,000 |
| Max Price | HK$1.04 |
| Entity | Company |
| Shares | 100,000 |
| Max Price | HK$1.05 |
| Entity | Company |
| Shares | 400,000 |
| Max Price | HK$1.06 |
| Entity | Company |
| Shares | 500,000 |
| Max Price | HK$1.12 |
| Entity | Company |
| Shares | 400,000 |
| Max Price | HK$1.19 |
| Entity | Company |
| Shares | 300,000 |
| Max Price | HK$1.16 |
| Entity | Company |
| Shares | 180,000 |
| Max Price | HK$1.22 |
| Entity | Company |
| Shares | 220,000 |
| Max Price | HK$1.20 |
| Entity | Company |
| Shares | 2,220,000 |
| Max Price | HK$1.25 |
| Entity | Company |
| Shares | 14,315,733 |
| Max Price | HK$1.13 |
| Entity | Company |
| Shares | 3,400,000 |
| Max Price | HK$1.25 |
| Entity | Individual |
| Role | Chief Executive Officer CEO & Executive Director |
| Shares | 3,750,000 |
| Max Price | HK$1.25 |
| Entity | Company |
| Shares | 140,000 |
| Max Price | HK$1.15 |
Ownership Breakdown
Management Team
Tam Kit Ling (53yo)
Chief Financial Officer
- Tenure: 3.3yrs
Brett Smith (58yo)
Deputy Chairman
- Tenure: 3.4yrs
- Compensation: HK$1.54m
Jenny Wong
Vice President of Corporate & Investment
- Tenure: 7.7yrs
Andrew Ferguson (46yo)
CEO & Executive Director
- Tenure: 9.8yrs
- Compensation: HK$5.24m
Kenneth To
Financial Controller
- Tenure: 8.8yrs
Frederick Wong (63yo)
Consultant
- Tenure: 3.2yrs
Luyong Zhou (55yo)
General Manager of Shanghai Commodity Business
- Tenure: 0yrs
- Compensation: HK$10.75m
Tung Ni Lau (37yo)
Company Secretary
- Tenure: 3.3yrs
Board Members
Robert Willcocks (71yo)
Independent Non-Executive Director
- Tenure: 12.3yrs
- Compensation: HK$190.00k
Arthur George Dew (77yo)
Non-Executive Chairman
- Tenure: 3.6yrs
- Compensation: HK$666.00k
Kwok Hoo So (65yo)
Non-Executive Director
- Tenure: 10yrs
- Compensation: HK$120.00k
Mark Wong (54yo)
Alternate Director
- Tenure: 3.6yrs
- Compensation: HK$236.00k
Seng-Hui Lee (50yo)
Non-Executive Director
- Tenure: 10yrs
- Compensation: HK$120.00k
Johnson Francis Chang (65yo)
Independent Non-Executive Director
- Tenure: 12.3yrs
- Compensation: HK$190.00k
Albert Wong (67yo)
Independent Non-Executive Director
- Tenure: 15.3yrs
- Compensation: HK$190.00k
Brett Smith (58yo)
Deputy Chairman
- Tenure: 3.4yrs
- Compensation: HK$1.54m
Andrew Ferguson (46yo)
CEO & Executive Director
- Tenure: 9.8yrs
- Compensation: HK$5.24m
Hongqian Wang (60yo)
Independent Non-Executive Director
- Tenure: 0.4yrs
Company Information
APAC Resources Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: APAC Resources Limited
- Ticker: 1104
- Exchange: SEHK
- Founded:
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Market Cap: HK$1.109b
- Shares outstanding: 1.22b
- Website: https://www.apacresources.com
Number of Employees
Location
- APAC Resources Limited
- Allied Kajima Building
- Room 2304, 23rd Floor
- Wan Chai
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1104 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Dec 1998 |
| FZV1 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Dec 1998 |
| APPC.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Dec 1998 |
Biography
APAC Resources Limited, an investment holding company, engages in commodity trading and natural resource investment businesses in the People’s Republic of China. It operates through Commodity Business; Res ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/21 12:38 |
| End of Day Share Price | 2019/10/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/06/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.