SEHK:1609

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Chong Kin Group Holdings

Executive Summary

Chong Kin Group Holdings Limited, an investment holding company, provides concrete placing services and other ancillary services to various types of building and infrastructure related projects in Hong Kong.


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

How has Chong Kin Group Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1609's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-6.3%

1609

2.1%

HK Construction

5.8%

HK Market


1 Year Return

-55.0%

1609

-24.1%

HK Construction

-4.0%

HK Market

Return vs Industry: 1609 underperformed the Hong Kong Construction industry which returned -24.7% over the past year.

Return vs Market: 1609 underperformed the Hong Kong Market which returned -5.3% over the past year.


Shareholder returns

1609IndustryMarket
7 Day-6.3%2.1%5.8%
30 Day-10.4%-1.1%4.0%
90 Day-25.0%-14.3%-2.6%
1 Year-55.0%-55.0%-20.0%-24.1%-0.6%-4.0%
3 Year294.7%294.7%-35.9%-42.7%1.3%-9.2%
5 Yearn/a-47.4%-55.1%-9.2%-23.5%

Price Volatility Vs. Market

How volatile is Chong Kin Group Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Chong Kin Group Holdings undervalued compared to its fair value and its price relative to the market?

2.4x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 1609's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 1609's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 1609 is unprofitable, so we can't compare its PE Ratio to the Construction industry average.

PE vs Market: 1609 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1609's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1609 is overvalued based on its PB Ratio (2.4x) compared to the HK Construction industry average (0.9x).


Next Steps

Future Growth

How is Chong Kin Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.4%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Chong Kin Group Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Chong Kin Group Holdings performed over the past 5 years?

-69.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1609 is currently unprofitable.

Growing Profit Margin: 1609 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 1609 is unprofitable, and losses have increased over the past 5 years at a rate of -69.5% per year.

Accelerating Growth: Unable to compare 1609's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 1609 is unprofitable, making it difficult to compare its past year earnings growth to the Construction industry (-7.7%).


Return on Equity

High ROE: 1609 has a negative Return on Equity (-12.56%), as it is currently unprofitable.


Next Steps

Financial Health

How is Chong Kin Group Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 1609's short term assets (HK$914.5M) exceed its short term liabilities (HK$598.3M).

Long Term Liabilities: 1609's short term assets (HK$914.5M) exceed its long term liabilities (HK$22.0M).


Debt to Equity History and Analysis

Debt Level: 1609's debt to equity ratio (36.9%) is considered satisfactory.

Reducing Debt: 1609's debt to equity ratio has reduced from 52.4% to 36.9% over the past 5 years.

Debt Coverage: 1609's debt is not well covered by operating cash flow (5.9%).

Interest Coverage: Insufficient data to determine if 1609's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Chong Kin Group Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1609's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1609's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 1609's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1609's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 1609's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.4yrs

Average management tenure


CEO

Jinbing Zhang (48yo)

2.42yrs

Tenure

Mr. Zhang Jinbing has been Chairman of the Board and CEO at Chong Kin Group Holdings Ltd since January 12, 2018. Mr. Zhang has been Chairman of the Board at State Energy Group International Assets Holdings ...


Leadership Team

NamePositionTenureCompensationOwnership
Jinbing Zhang
Chairman of the Board & CEO2.42yrsno data64.8% HK$1.4b
Biao Ni
Executive Director2yrsHK$98.00kno data
Mui Chan
Financial Controllerno datano datano data
Rui Yang
Executive Director0.75yrno datano data
Eva Lee
Company Secretary2.42yrsno datano data

2.4yrs

Average Tenure

50.5yo

Average Age

Experienced Management: 1609's management team is considered experienced (2.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jinbing Zhang
Chairman of the Board & CEO2.42yrsno data64.8% HK$1.4b
Biao Ni
Executive Director2yrsHK$98.00kno data
Rui Yang
Executive Director0.75yrno datano data
Haiting Yan
Non-Executive Director0.42yrno datano data
Zhu Zhengfu
Independent Non-Executive Director2.42yrsHK$120.00kno data
Li Yifei
Independent Non-Executive Director2.42yrsHK$120.00kno data
Ping Tam
Independent Non-Executive Director1.75yrsHK$69.00kno data

2.0yrs

Average Tenure

54yo

Average Age

Experienced Board: 1609's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.5%.


Top Shareholders

Company Information

Chong Kin Group Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Chong Kin Group Holdings Limited
  • Ticker: 1609
  • Exchange: SEHK
  • Founded: 2000
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: HK$2.200b
  • Shares outstanding: 977.76m
  • Website: https://www.chongkin.com.hk

Number of Employees


Location

  • Chong Kin Group Holdings Limited
  • Central Plaza
  • 68th Floor
  • Wan chai
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1609SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDOct 2016

Biography

Chong Kin Group Holdings Limited, an investment holding company, provides concrete placing services and other ancillary services to various types of building and infrastructure related projects in Hong Kong. It provides logistics related services, including road freight transportation, logistics park development, and warehousing services; and car leasing services; as well as engages in the sale and leasing of new energy vehicles. The company was founded in 2000 and is headquartered in Wan chai, Hong Kong. Chong Kin Group Holdings Limited is a subsidiary of Prestige Rich Holdings Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 13:31
End of Day Share Price2020/06/04 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.