Announcement • Jun 05
In Construction Holdings Limited to Report Fiscal Year 2026 Final Results on Jun 26, 2026 In Construction Holdings Limited announced that they will report fiscal year 2026 final results on Jun 26, 2026 New Risk • Apr 15
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 42% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$203.4m market cap, or US$26.0m). Reported Earnings • Dec 01
First half 2026 earnings released: EPS: HK$0.033 (vs HK$0.021 loss in 1H 2025) First half 2026 results: EPS: HK$0.033 (up from HK$0.021 loss in 1H 2025). Revenue: HK$177.3m (up 28% from 1H 2025). Net income: HK$27.4m (up HK$44.7m from 1H 2025). Profit margin: 16% (up from net loss in 1H 2025). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. New Risk • Nov 25
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 22% 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 (22% average weekly change). Earnings have declined by 45% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$100.4m market cap, or US$12.9m). Announcement • Nov 11
In Construction Holdings Limited to Report First Half, 2026 Results on Nov 28, 2025 In Construction Holdings Limited announced that they will report first half, 2026 results on Nov 28, 2025 Announcement • Jun 30
In Construction Holdings Limited, Annual General Meeting, Sep 12, 2025 In Construction Holdings Limited, Annual General Meeting, Sep 12, 2025. Reported Earnings • Jun 30
Full year 2025 earnings released: HK$0.023 loss per share (vs HK$0.015 loss in FY 2024) Full year 2025 results: HK$0.023 loss per share (further deteriorated from HK$0.015 loss in FY 2024). Revenue: HK$273.6m (down 29% from FY 2024). Net loss: HK$18.9m (loss widened 47% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 44% per year whereas the company’s share price has fallen by 41% per year. Announcement • Jun 24
in Construction Holdings Limited Provides Consolidated Earnings Guidance for the Year Ended 31 March 2025 In Construction Holdings Limited provided consolidated earnings guidance for the year ended 31 March 2025. The group is expected to record a consolidated net loss of approximately HKD 15 million to HKD 20 million for the year, whereas the consolidated net loss in the corresponding last year was HK$12.9 million. Such increase in consolidated net loss was primarily attributable to, among other factors, provision for liquidated and ascertained damages of certain foundation projects as a result of unexpected delays in progress, and changes in the estimation of variation orders from completed projects in prior years. New Risk • Jun 06
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 12% 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 Risks Earnings have declined by 36% per year over the past 5 years. Market cap is less than US$10m (HK$62.3m market cap, or US$7.93m). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Announcement • Jun 03
In Construction Holdings Limited to Report Fiscal Year 2025 Results on Jun 27, 2025 In Construction Holdings Limited announced that they will report fiscal year 2025 results on Jun 27, 2025 Announcement • Mar 18
in Construction Holdings Limited Announces Establishment of the Sustainability Committee and Appointment of Members to the Sustainability Committee The board of directors (the Directors) of In Construction Holdings Limited (the Company, together with its subsidiaries, the "Group) announced that the Sustainability Committee was established under the Board on 18 March 2025 to further improve the environmental, social and governance ("ESG") and climate change management system, and to promote the sustainable development of the Group. The main responsibilities of the Sustainability Committee are to provide ongoing oversight of ESG and climate change matters which mainly comprise overseeing the implementation and progress of the Group's ESG and climate change initiatives, to monitor and evaluate ESG and climate-related risks and opportunities, to review and approve Group's ESG and climate change performance metrics and targets, to oversee the preparation and publication of the Group's ESG report, to ensure the compliance with relevant laws, regulations and industry standard and to engage with persons in charge and stakeholders on ESG and climate-related matters, etc. The Sustainability Committee comprises 4 members, including Ms. Kwan Kit Sum Kit, an executive Director, Mr. Leung Chi Kin, Mr. Lam Chi Hung Louis and Ms. Mok Kam Sheung, independent non-executive Directors, while Ms. Kwan Kit Sum, Kit has been appointed as the chairperson of the Sustainability Committee. Reported Earnings • Dec 02
First half 2025 earnings released: HK$0.021 loss per share (vs HK$0.039 loss in 1H 2024) First half 2025 results: HK$0.021 loss per share (improved from HK$0.039 loss in 1H 2024). Revenue: HK$138.1m (down 2.3% from 1H 2024). Net loss: HK$17.2m (loss narrowed 47% from 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Announcement • Nov 11
In Construction Holdings Limited to Report First Half, 2025 Results on Nov 29, 2024 In Construction Holdings Limited announced that they will report first half, 2025 results on Nov 29, 2024 New Risk • Jun 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$75.5m (US$9.67m) 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 (15% average weekly change). Earnings have declined by 29% per year over the past 5 years. Market cap is less than US$10m (HK$75.5m market cap, or US$9.67m). New Risk • Jun 26
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 15% 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 (15% average weekly change). Earnings have declined by 29% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$91.3m market cap, or US$11.7m). Reported Earnings • Jun 22
Full year 2024 earnings released: HK$0.015 loss per share (vs HK$0.018 loss in FY 2023) Full year 2024 results: HK$0.015 loss per share (improved from HK$0.018 loss in FY 2023). Revenue: HK$383.1m (up 15% from FY 2023). Net loss: HK$12.9m (loss narrowed 16% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Announcement • Jun 22
In Construction Holdings Limited, Annual General Meeting, Sep 06, 2024 In Construction Holdings Limited, Annual General Meeting, Sep 06, 2024. Announcement • Jun 05
In Construction Holdings Limited to Report Fiscal Year 2024 Final Results on Jun 21, 2024 In Construction Holdings Limited announced that they will report fiscal year 2024 final results on Jun 21, 2024 New Risk • May 24
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 14% 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 12% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (HK$100.4m market cap, or US$12.9m). Announcement • Apr 14
In Construction Holdings Limited Announces Board and Committees Changes In Construction Holdings Limited announced the following proposed changes in directorate and composition of board committees: Mr. Yau Chi Man Norman (also known as Iao Chi Meng) (Mr. Yau) has resigned as an independent non-executive director of the company (INED), the chairman of the remuneration committee, a member of the audit committee and a member of the nomination committee of the company with effect from 16 April 2024 in order to devote more time to his personal and other business commitments. Following the resignation of Mr. Yau, Ms. Mok Kam Sheung (Ms. Mok) will be appointed as an INED and the chairman of the remuneration committee, a member of the audit committee and the nomination committee with effect from 16 April 2024. Ms. Mok, age 64, holds a Bachelor of Arts (honours) degree. She has over 27 years working experience of legal affairs and is now a partner of CFN Lawyers. Ms. Mok's practice focuses on corporate finance with a strong emphasis on initial public offerings (IPOs), secondary market fund raisings, listed company compliance and related transactions. She has extensive experience in advising international and local companies seeking flotations on the Stock Exchange and sponsors/underwriters to the applicants. She also advises on mergers and acquisitions; pre-IPO investments; corporate restructuring; China-Appointed Attestation Officer services; and wills and probate matters. Ms. Mok was an INED of the China Reinsurance (Group) Corporation from August 2015 to August 2023, and she is currently an independent director of China Reinsurance (Hong Kong) Limited. Ms. Mok is qualified to practise as a solicitor of the High Court of Hong Kong and the Supreme Court of England and Wales. She is also a China-appointed attesting officer appointed by the Ministry of Justice of the PRC. New Risk • Jan 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$73.0m (US$9.35m) 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 Earnings have declined by 12% per year over the past 5 years. Market cap is less than US$10m (HK$73.0m market cap, or US$9.35m). Reported Earnings • Nov 29
First half 2024 earnings released: HK$0.039 loss per share (vs HK$0.016 loss in 1H 2023) First half 2024 results: HK$0.039 loss per share (further deteriorated from HK$0.016 loss in 1H 2023). Revenue: HK$141.3m (down 15% from 1H 2023). Net loss: HK$32.4m (loss widened 141% from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Announcement • Nov 21
In Construction Holdings Limited Provides Consolidated Earnings Guidance for the Period Ended September 30, 2023 In Construction Holdings Limited provided consolidated earnings guidance for the period ended September 30, 2023. For the period, the Group is expected to record an unaudited consolidated net loss of approximately HKD 27 million to HKD 33 million for the Period, whereas the consolidated net loss in the corresponding period in 2022 was HKD 13.5 million. Such increase in consolidated net loss was primarily attributable to, among other factors, provision for liquidated and ascertained damages of certain foundation projects as a result of unexpected delays in progress during the Period. Announcement • Nov 11
In Construction Holdings Limited to Report First Half, 2024 Results on Nov 27, 2023 In Construction Holdings Limited announced that they will report first half, 2024 results on Nov 27, 2023 Recent Insider Transactions • Sep 11
Independent Non-Executive Director recently bought HK$138k worth of stock On the 7th of September, Chi Man Yau bought around 1m shares on-market at roughly HK$0.14 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$250k more in shares than they have sold in the last 12 months. Announcement • Jun 24
In Construction Holdings Limited, Annual General Meeting, Sep 01, 2023 In Construction Holdings Limited, Annual General Meeting, Sep 01, 2023. Agenda: To consider Second Amended and Restated M&A will become effective upon the approval by the Shareholders at the AGM; and to consider other matters, if any. Reported Earnings • Jun 24
Full year 2023 earnings released: HK$0.018 loss per share (vs HK$0.075 profit in FY 2022) Full year 2023 results: HK$0.018 loss per share (down from HK$0.075 profit in FY 2022). Revenue: HK$332.4m (down 28% from FY 2022). Net loss: HK$15.3m (down 125% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • Jun 17
In Construction Holdings Limited Provides Earnings Guidance for the Year Ended 31 March 2023 In Construction Holdings Limited provided earnings guidance for the year ended 31 March 2023. The Group is expected to record an unaudited consolidated net loss of approximately HKD 13 million to HKD 19 million for the Year, whereas the consolidated net profit in the corresponding period in 2022 was HKD 62.2 million. Announcement • Jun 03
In Construction Holdings Limited to Report Fiscal Year 2023 Results on Jun 23, 2023 In Construction Holdings Limited announced that they will report fiscal year 2023 results on Jun 23, 2023 Announcement • Feb 03
In Construction Holdings Limited Proposes Dividend The board of directors of In Construction Holdings Limited proposed a dividend of SEK 7.50 (SEK 7.00+3.00 per share) per share. Recent Insider Transactions • Dec 01
Independent Non-Executive Director recently bought HK$92k worth of stock On the 29th of November, Chi Man Yau bought around 495k shares on-market at roughly HK$0.19 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. Insiders have collectively bought HK$458k more in shares than they have sold in the last 12 months. Announcement • Nov 26
In Construction Holdings Limited Resolves Not to Declare Any Interim Dividend for the Six Months Ended 30 September 2022 In Construction Holdings Limited's board of directors has resolved not to declare any interim dividend for the six months ended 30 September 2022 (six months ended 30 September 2021: 3 cents). Reported Earnings • Nov 26
First half 2023 earnings released: HK$0.016 loss per share (vs HK$0.095 profit in 1H 2022) First half 2023 results: HK$0.016 loss per share (down from HK$0.095 profit in 1H 2022). Revenue: HK$166.1m (down 53% from 1H 2022). Net loss: HK$13.5m (down 117% from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
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. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Chi Kin Leung was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 12
In Construction Holdings Limited to Report First Half, 2023 Results on Nov 25, 2022 In Construction Holdings Limited announced that they will report first half, 2023 results on Nov 25, 2022 Upcoming Dividend • Sep 08
Upcoming dividend of HK$0.03 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 07 October 2022. Payout ratio is on the higher end at 80%, however this is supported by cash flows. Trailing yield: 23%. Within top quartile of Hong Kong dividend payers (8.2%). Higher than average of industry peers (5.6%). Announcement • Sep 03
In Construction Holdings Limited Approves Final Dividend for the Year Ended 31 March 2022 In Construction Holdings Limited announced that at its AGM held on 2 September 2022, the shareholders approved final dividend of HKD 0.03 per share for the year ended 31 March 2022. Reported Earnings • Jun 26
Full year 2022 earnings released: EPS: HK$0.075 (vs HK$0.035 in FY 2021) Full year 2022 results: EPS: HK$0.075 (up from HK$0.035 in FY 2021). Revenue: HK$462.2m (up 22% from FY 2021). Net income: HK$62.2m (up 117% from FY 2021). Profit margin: 14% (up from 7.6% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jun 18
In Construction Holdings Limited Provides Consolidated Earnings Guidance for the Year Ended March 31, 2022 In Construction Holdings Limited provided consolidated earnings guidance for the year ended March 31, 2022. Based on preliminary assessment by the Board of the unaudited management accounts of the Group for the year ended 31 March 2022, the Group is expected to record an increase of not less than 70% in its unaudited consolidated net profit for the Year, as compared to HKD 28.7 million for the corresponding year in 2021. Such increase was primarily attributable to, among other factors, increase in revenue and gross profit generated from new projects undertaken by the Group during the Year and the recovery of the amount of variation orders certified for completed projects. Announcement • Jun 03
In Construction Holdings Limited to Report Fiscal Year 2022 Results on Jun 24, 2022 In Construction Holdings Limited announced that they will report fiscal year 2022 results on Jun 24, 2022 Board Change • Apr 27
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. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Chi Kin Leung was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 18
Independent Non-Executive Director recently bought HK$92k worth of stock On the 15th of March, Chi Man Yau bought around 410k shares on-market at roughly HK$0.22 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$346k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 22
Independent Non-Executive Director recently bought HK$253k worth of stock On the 17th of December, Chi Man Yau bought around 1m shares on-market at roughly HK$0.25 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. Upcoming Dividend • Dec 09
Upcoming dividend of HK$0.03 per share Eligible shareholders must have bought the stock before 16 December 2021. Payment date: 31 December 2021. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 21%. Within top quartile of Hong Kong dividend payers (7.2%). Higher than average of industry peers (4.1%). Reported Earnings • Nov 29
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: HK$0.095 (up from HK$0.026 in 1H 2021). Revenue: HK$351.1m (up 39% from 1H 2021). Net income: HK$78.6m (up 268% from 1H 2021). Profit margin: 22% (up from 8.4% in 1H 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Nov 24
in Construction Holdings Limited Provides Earnings for the Six Months Ended 30 September 2021 The board of directors of In Construction Holdings Limited informed the shareholders and potential investors of the Company that, based on preliminary assessment by the Board of the unaudited management accounts of the Group for the six months ended 30 September 2021 (the "Period"), the Group is expected to record an increase of not less than 2 times in its unaudited consolidated net profit for the Period, as compared to HKD 21.4 million for the corresponding period in 2020. Such increase was primarily attributable to, among other factors, increase in revenue and gross profit generated from projects undertaken by the Group during the Period and the recovery of the amount of variation orders certified for completed projects. Reported Earnings • Jul 24
Full year 2021 earnings released: EPS HK$0.035 (vs HK$0.005 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: HK$378.8m (down 3.8% from FY 2020). Net income: HK$28.7m (up HK$24.9m from FY 2020). Profit margin: 7.6% (up from 1.0% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 27
Full year 2021 earnings released: EPS HK$0.035 (vs HK$0.005 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: HK$378.8m (down 3.8% from FY 2020). Net income: HK$28.7m (up HK$24.9m from FY 2020). Profit margin: 7.6% (up from 1.0% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Jun 19
In Construction Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended March 31, 2021 In Construction Holdings Limited provided unaudited consolidated earnings guidance for the year ended March 31, 2021. For the period, the Group is expected to record an increase of not less than 5 times in its unaudited consolidated net profit for the Year, as compared to HKD 3.8 million for the corresponding year in 2020. Reported Earnings • Dec 24
First half 2021 earnings released: EPS HK$0.026 The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: HK$252.7m (up 34% from 1H 2020). Net income: HK$21.4m (up HK$18.8m from 1H 2020). Profit margin: 8.4% (up from 1.3% in 1H 2020). The increase in margin was driven by higher revenue. 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 37% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 30
First half 2021 earnings released: EPS HK$0.026 The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: HK$252.7m (up 34% from 1H 2020). Net income: HK$21.4m (up HK$18.8m from 1H 2020). Profit margin: 8.4% (up from 1.3% in 1H 2020). The increase in margin was driven by higher revenue. 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 32% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 25
New 90-day high: HK$0.27 The company is up 121% from its price of HK$0.12 on 27 August 2020. The Hong Kong market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 3.0% over the same period. Announcement • Nov 20
In Construction Holdings Limited to Report First Half, 2021 Results on Nov 27, 2020 In Construction Holdings Limited announced that they will report first half, 2021 results on Nov 27, 2020