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Grandshores Technology Group

SEHK:1647
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1647
SEHK
HK$598M
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

Grandshores Technology Group Limited, an investment holding company, provides integrated building services in Singapore. The last earnings update was 24 days ago. More info.


Add to Portfolio Compare Print
  • Grandshores Technology Group has significant price volatility in the past 3 months.
1647 Share Price and Events
7 Day Returns
-3.3%
SEHK:1647
1.3%
HK Construction
0.6%
HK Market
1 Year Returns
-59.6%
SEHK:1647
-11.2%
HK Construction
-4.5%
HK Market
1647 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Grandshores Technology Group (1647) -3.3% -20.3% -63.1% -59.6% - -
HK Construction 1.3% -6.1% -13.2% -11.2% -20.8% -4.4%
HK Market 0.6% 0.4% -7% -4.5% 17.8% 1.1%
1 Year Return vs Industry and Market
  • 1647 underperformed the Construction industry which returned -11.2% over the past year.
  • 1647 underperformed the Market in Hong Kong which returned -4.5% over the past year.
Price Volatility
1647
Industry
5yr Volatility vs Market

Value

 Is Grandshores Technology Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Grandshores Technology Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Grandshores Technology Group.

SEHK:1647 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.2%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:1647
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Construction Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.036 (1 + (1- 17%) (2.75%))
1.04
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.04 * 5.96%)
8.2%

Discounted Cash Flow Calculation for SEHK:1647 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Grandshores Technology Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:1647 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 8.2%)
2020 2.20 Est @ 7.34% 2.04
2021 2.33 Est @ 5.74% 1.99
2022 2.44 Est @ 4.62% 1.92
2023 2.53 Est @ 3.83% 1.85
2024 2.61 Est @ 3.28% 1.76
2025 2.69 Est @ 2.9% 1.68
2026 2.76 Est @ 2.63% 1.59
2027 2.83 Est @ 2.44% 1.50
2028 2.89 Est @ 2.31% 1.42
2029 2.96 Est @ 2.22% 1.34
Present value of next 10 years cash flows SGD17.09
SEHK:1647 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SGD2.96 × (1 + 2%) ÷ (8.2% – 2%)
SGD48.63
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD48.63 ÷ (1 + 8.2%)10
SGD22.11
SEHK:1647 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD17.09 + SGD22.11
SGD39.20
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD39.20 / 1,030.51
SGD0.04
SEHK:1647 Discount to Share Price
Calculation Result
Exchange Rate SGD/HKD
(Reporting currency to currency of SEHK:1647)
5.739
Value per Share
(HKD)
= Value per Share in SGD x Exchange Rate (SGD/HKD)
= SGD0.04 x 5.739
HK$0.22
Value per share (HKD) From above. HK$0.22
Current discount Discount to share price of HK$0.59
= -1 x (HK$0.59 - HK$0.22) / HK$0.22
-170.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Grandshores Technology Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Grandshores Technology Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Grandshores Technology Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1647 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SGD SGD0.00
SEHK:1647 Share Price ** SEHK (2019-07-22) in HKD HK$0.59
SEHK:1647 Share Price converted to SGD reporting currency Exchange rate (HKD/ SGD) 0.174 SGD0.1
Hong Kong Construction Industry PE Ratio Median Figure of 105 Publicly-Listed Construction Companies 10.2x
Hong Kong Market PE Ratio Median Figure of 1,512 Publicly-Listed Companies 10.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Grandshores Technology Group.

SEHK:1647 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1647 Share Price ÷ EPS (both in SGD)

= 0.1 ÷ 0.00

21.8x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Grandshores Technology Group is overvalued based on earnings compared to the HK Construction industry average.
  • Grandshores Technology Group is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Grandshores Technology Group's expected growth come at a high price?
Raw Data
SEHK:1647 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
11%per year
Hong Kong Construction Industry PEG Ratio Median Figure of 10 Publicly-Listed Construction Companies 0.56x
Hong Kong Market PEG Ratio Median Figure of 481 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Grandshores Technology Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Grandshores Technology Group's assets?
Raw Data
SEHK:1647 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SGD SGD0.05
SEHK:1647 Share Price * SEHK (2019-07-22) in HKD HK$0.59
SEHK:1647 Share Price converted to SGD reporting currency Exchange rate (HKD/ SGD) 0.174 SGD0.1
Hong Kong Construction Industry PB Ratio Median Figure of 136 Publicly-Listed Construction Companies 1.37x
Hong Kong Market PB Ratio Median Figure of 2,198 Publicly-Listed Companies 0.92x
SEHK:1647 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1647 Share Price ÷ Book Value per Share (both in SGD)

= 0.1 ÷ 0.05

2.03x

* Primary Listing of Grandshores Technology Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Grandshores Technology Group is overvalued based on assets compared to the HK Construction industry average.
X
Value checks
We assess Grandshores Technology Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check)
  5. Grandshores Technology Group has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Grandshores Technology Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Grandshores Technology Group, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Grandshores Technology Group expected to grow at an attractive rate?
  • Grandshores Technology Group's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Grandshores Technology Group's earnings growth is positive but not above the Hong Kong market average.
  • Unable to compare Grandshores Technology Group's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1647 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1647 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 11%
Hong Kong Construction Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
Hong Kong Construction Industry Revenue Growth Rate Market Cap Weighted Average 9.6%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:1647 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1647 Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2019-03-31 53 5
2018-12-31 53 5
2018-09-30 54 5 5
2018-06-30 55 4 4
2018-03-31 57 3 3
2017-12-31 55 4 4
2017-09-30 53 5 4
2017-06-30 50 7 4
2017-03-31 47 8 5
2016-12-31 44 9 5
2016-09-30 42 9 6
2016-06-30 41 9 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Grandshores Technology Group's earnings are expected to grow by 11% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Grandshores Technology Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:1647 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Grandshores Technology Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1647 Past Financials Data
Date (Data in SGD Millions) EPS *
2019-03-31 0.00
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.01
2017-03-31 0.01
2016-12-31 0.01
2016-09-30 0.01
2016-06-30 0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Grandshores Technology Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Grandshores Technology Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Grandshores Technology Group has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Grandshores Technology Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Grandshores Technology Group's growth in the last year to its industry (Construction).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Grandshores Technology Group's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Grandshores Technology Group's 1-year earnings growth exceeds its 5-year average (41.3% vs -4.7%)
  • Grandshores Technology Group's earnings growth has exceeded the HK Construction industry average in the past year (41.3% vs -13.1%).
Earnings and Revenue History
Grandshores Technology Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Grandshores Technology Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1647 Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 52.81 4.89 12.80
2018-12-31 53.46 4.73 12.16
2018-09-30 54.11 4.57 11.51
2018-06-30 55.46 4.02 11.21
2018-03-31 56.81 3.46 10.91
2017-12-31 55.01 3.87 10.82
2017-09-30 53.21 4.27 10.72
2017-06-30 50.02 4.48 10.13
2017-03-31 46.82 4.69 9.53
2016-12-31 44.22 5.22 8.49
2016-09-30 41.62 5.76 7.46
2016-06-30 41.06 5.69 7.15
2016-03-31 40.50 5.62 6.84
2015-03-31 34.96 4.62 5.50
2014-03-31 34.83 5.09 5.09

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Grandshores Technology Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Grandshores Technology Group used its assets more efficiently than the HK Construction industry average last year based on Return on Assets.
  • Grandshores Technology Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Grandshores Technology Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Grandshores Technology Group has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Grandshores Technology Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Grandshores Technology Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Grandshores Technology Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Grandshores Technology Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Grandshores Technology Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 17.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Grandshores Technology Group Company Filings, last reported 3 months ago.

SEHK:1647 Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 53.51 2.86 23.71
2018-12-31 53.51 2.86 23.71
2018-09-30 52.34 2.98 41.07
2018-06-30 52.34 2.98 41.07
2018-03-31 48.48 3.10 39.59
2017-12-31 48.48 3.10 39.59
2017-09-30 46.87 3.22 36.28
2017-06-30 46.87 3.22 36.28
2017-03-31 40.44 3.34 43.62
2016-12-31 40.44 3.34 43.62
2016-09-30 17.36 3.46 8.40
2016-06-30 17.36 3.46 8.40
2016-03-31 16.60 7.38 14.75
2015-03-31 14.40 5.18 9.57
2014-03-31 9.78 5.43 7.96
  • Grandshores Technology Group's level of debt (5.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (55.4% vs 5.3% today).
  • Debt is well covered by operating cash flow (169.4%, greater than 20% of total debt).
  • Grandshores Technology Group earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Grandshores Technology Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Grandshores Technology Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Grandshores Technology Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Grandshores Technology Group dividends.
If you bought HK$2,000 of Grandshores Technology Group shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Grandshores Technology Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Grandshores Technology Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:1647 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Construction Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 3.9%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Grandshores Technology Group has not reported any payouts.
  • Unable to verify if Grandshores Technology Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Grandshores Technology Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Grandshores Technology Group has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Grandshores Technology Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Grandshores Technology Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Grandshores Technology Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Grandshores Technology Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Joe Lim
COMPENSATION SGD608,280
AGE 41
CEO Bio

Mr. Kai Hwee Lim, also known as Joe, has been General Manager of SHIS Limited since joining in August 2006 and served as its Executive Director from July 5, 2016 to June 30, 2018. Mr. Lim is responsible for the overall management of both SHIS integrated building services business and building and construction business and is responsible under the immediate authority of the Board for the conduct of the business of SHIS Group and is therefore SHIS chief executive for the purpose of the Listing Rules. Mr. Lim has around ten years of experience in the provision of integrated building services and in the building and construction industry in Singapore. Prior to joining SHIS Group, Mr. Lim was employed by United Premas Limited as a facilities manager from November 2001 to August 2005. Mr. Lim served as a Director of CA International Pte Ltd. Mr. Lim obtained a degree of Bachelor of Applied Science in Construction Management and Economics from Curtin University of Technology in February 2004.

CEO Compensation
  • Joe's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Joe's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Grandshores Technology Group management team in years:

0.9
Average Tenure
44
Average Age
  • The average tenure for the Grandshores Technology Group management team is less than 2 years, this suggests a new team.
Management Team

Joe Lim

TITLE
General Manager
COMPENSATION
SGD608K
AGE
41

Yongjie Yao

TITLE
Co-Chairman
AGE
47

Chendong Zou

TITLE
Co-Chairman
AGE
50
TENURE
0.3 yrs

Chen Kong

TITLE
Financial Controller
AGE
36
TENURE
3.8 yrs

Ngai Wong

TITLE
Company Secretary
TENURE
0.9 yrs
Board of Directors Tenure

Average tenure and age of the Grandshores Technology Group board of directors in years:

1.1
Average Tenure
49
Average Age
  • The average tenure for the Grandshores Technology Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Yongjie Yao

TITLE
Co-Chairman
AGE
47
TENURE
0.3 yrs

Chendong Zou

TITLE
Co-Chairman
AGE
50
TENURE
0.3 yrs

Howard Chu

TITLE
Independent Non-Executive Director
AGE
70
TENURE
1.1 yrs

Weining Zhang

TITLE
Independent Non-Executive Director
AGE
40
TENURE
1.1 yrs

Seng Chua

TITLE
Non-Executive Director
COMPENSATION
SGD1M
AGE
58
TENURE
3.2 yrs

Wenzhuo Yu

TITLE
Independent Non-Executive Director
AGE
48
TENURE
1.1 yrs

Xuwen Lu

TITLE
Non-Executive Director
Who owns this company?
Recent Insider Trading
  • Grandshores Technology Group individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
18. Jun 19 Sell Rongsong Teng Individual 13. Jun 19 13. Jun 19 -50,000,000 HK$0.80 HK$-39,999,889
06. May 19 Sell Rongsong Teng Individual 30. Apr 19 30. Apr 19 -4,490,000 HK$1.16 HK$-5,189,540
03. May 19 Sell Rongsong Teng Individual 29. Apr 19 29. Apr 19 -19,890,000 HK$1.19 HK$-23,690,908
04. Jan 19 Sell Great Scenery Ventures Limited Company 31. Dec 18 31. Dec 18 -10,505,000 HK$0.90 HK$-9,470,295
28. Mar 19 Sell Great Scenery Ventures Limited Company 25. Mar 19 25. Mar 19 -1,055,000 HK$1.01 HK$-1,066,813
27. Mar 19 Sell Great Scenery Ventures Limited Company 22. Mar 19 22. Mar 19 -2,715,000 HK$1.02 HK$-2,757,895
03. Jan 19 Sell Great Scenery Ventures Limited Company 28. Dec 18 28. Dec 18 -13,000,000 HK$0.90 HK$-11,703,941
26. Mar 19 Sell Great Scenery Ventures Limited Company 21. Mar 19 21. Mar 19 -7,270,000 HK$1.06 HK$-7,717,110
29. Mar 19 Sell Great Scenery Ventures Limited Company 26. Mar 19 26. Mar 19 -10,575,000 HK$1.02 HK$-10,748,407
20. Mar 19 Sell Great Scenery Ventures Limited Company 15. Mar 19 15. Mar 19 -3,900,000 HK$1.12 HK$-4,368,012
01. Apr 19 Sell Great Scenery Ventures Limited Company 27. Mar 19 27. Mar 19 -23,140,000 HK$1.04 HK$-23,973,128
19. Mar 19 Sell Great Scenery Ventures Limited Company 14. Mar 19 14. Mar 19 -5,515,000 HK$1.12 HK$-6,176,797
10. Jan 19 Sell Great Scenery Ventures Limited Company 08. Jan 19 08. Jan 19 -6,000,000 HK$0.90 HK$-5,399,997
02. Apr 19 Sell Yongjie Yao Individual 28. Mar 19 28. Mar 19 -8,080,000 HK$0.93 HK$-7,526,509
29. Mar 19 Sell Rongsong Teng Individual 26. Mar 19 26. Mar 19 -10,000,000 HK$1.01 HK$-10,143,021
08. Mar 19 Sell Rongsong Teng Individual 05. Mar 19 05. Mar 19 -3,920,000 HK$1.26 HK$-4,934,497
06. Mar 19 Sell Rongsong Teng Individual 01. Mar 19 01. Mar 19 -2,930,000 HK$1.02 HK$-2,985,086
X
Management checks
We assess Grandshores Technology Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Grandshores Technology Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Based On Its ROE, Is Grandshores Technology Group Limited (HKG:1647) A High Quality Stock?

Our data shows Grandshores Technology Group has a return on equity of 8.7% for the last year. … That means that for every HK$1 worth of shareholders' equity, it generated HK$0.087 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Should You Know About Grandshores Technology Group Limited's (HKG:1647) Capital Returns?

and want to begin learning the link between Grandshores Technology Group Limited (HKG:1647)’s return fundamentals and stock market performance. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Thus, to understand how your money can grow by investing in Grandshores Technology Group, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

Why SHIS Limited (HKG:1647) May Not Be As Efficient As Its Industry

SHIS Limited (HKG:1647) delivered a less impressive 7.14% ROE over the past year, compared to the 11.08% return generated by its industry. … An investor may attribute an inferior ROE to a relatively inefficient performance, and whilst this can often be the case, knowing the nuts and bolts of the ROE calculation may change that perspective and give you a deeper insight into 1647's past performance. … Metrics such as financial leverage can impact the level of ROE which in turn can affect the sustainability of 1647's returns.

Simply Wall St -

Who Are The Top Investors In SHIS Limited (HKG:1647)?

I am going to take a deep dive into SHIS Limited’s (HKG:1647) most recent ownership structure, not a frequent subject of discussion among individual investors. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … Differences in ownership structure of companies can have a profound effect on how management's incentives are aligned with shareholder returns, and whether they adhere to corporate governance best practices.

Simply Wall St -

SHIS Limited (HKG:1647): Time For A Financial Health Check

While small-cap stocks, such as SHIS Limited (HKG:1647) with its market cap of HK$2.29b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Company Info

Description

Grandshores Technology Group Limited, an investment holding company, provides integrated building services in Singapore. The company engages in the maintenance and installation of mechanical and electrical systems for public and private sector projects, as well as provision of repair, renovation, and improvement works. It also undertakes building and construction works; and invests in properties. The company primarily serves government agencies. Grandshores Technology Group Limited has a strategic cooperation agreement with Guangzhou Keywa Co., Ltd. and Hempire Bio-Technology Corporation Limited. The company was formerly known as SHIS Limited and changed its name to Grandshores Technology Group Limited in August 2018. The company was incorporated in 2016 and is headquartered in Singapore. Grandshores Technology Group Limited is a subsidiary of Morgan Hill Holdings Limited.

Details
Name: Grandshores Technology Group Limited
1647
Exchange: SEHK
Founded: 2016
HK$597,692,900
1,030,505,000
Website: http://www.grandshorestech.com
Address: Grandshores Technology Group Limited
18 Kaki Bukit Place,
Eunos Techpark,
Singapore,
416196,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1647 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 30. Mar 2017
Number of employees
Current staff
Staff numbers
327
Grandshores Technology Group employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 13:02
End of day share price update: 2019/07/22 00:00
Last earnings filing: 2019/06/28
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.