Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to HK$2.00, the stock trades at a trailing P/E ratio of 71.8x. Average trailing P/E is 11x in the Construction industry in Hong Kong. Total returns to shareholders of 593% over the past three years. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to HK$1.01, the stock trades at a trailing P/E ratio of 36.3x. Average trailing P/E is 12x in the Construction industry in Hong Kong. Total returns to shareholders of 281% over the past three years. Announcement • Apr 29
Superland Group Holdings Limited, Annual General Meeting, Jun 23, 2026 Superland Group Holdings Limited, Annual General Meeting, Jun 23, 2026, at 11:00 China Standard Time. Location: room d, the lu+, 3/f, lu plaza, 2 wing yip street, kwun tong, Hong Kong Reported Earnings • Mar 28
Full year 2025 earnings released: EPS: HK$0.028 (vs HK$0.024 in FY 2024) Full year 2025 results: EPS: HK$0.028 (up from HK$0.024 in FY 2024). Revenue: HK$900.8m (flat on FY 2024). Net income: HK$22.3m (up 18% from FY 2024). Profit margin: 2.5% (up from 2.1% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Mar 27
Now 63% overvalued after recent price rise Over the last 90 days, the stock has risen 70% to HK$0.78. The fair value is estimated to be HK$0.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has declined by 10%. Announcement • Mar 16
Superland Group Holdings Limited to Report Fiscal Year 2025 Results on Mar 26, 2026 Superland Group Holdings Limited announced that they will report fiscal year 2025 results on Mar 26, 2026 New Risk • Mar 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (9.9% average weekly change). Market cap is less than US$100m (HK$416.0m market cap, or US$53.1m). Board Change • Mar 05
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, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Ka Yan Ho was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Buy Or Sell Opportunity • Feb 10
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 93% to HK$0.58. The fair value is estimated to be HK$0.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has declined by 10%. Reported Earnings • Aug 29
First half 2025 earnings released: EPS: HK$0.005 (vs HK$0.005 in 1H 2024) First half 2025 results: EPS: HK$0.005 (in line with 1H 2024). Revenue: HK$450.9m (up 11% from 1H 2024). Net income: HK$4.24m (flat on 1H 2024). Profit margin: 0.9% (down from 1.1% in 1H 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 11% per year. Announcement • Aug 15
Superland Group Holdings Limited to Report First Half, 2025 Results on Aug 27, 2025 Superland Group Holdings Limited announced that they will report first half, 2025 results on Aug 27, 2025 Announcement • Jun 30
Superland Group Holdings Limited Appoints Dr. Ho Ka Yan as Member of the Nomination Committee, Effective June 30, 2025 Superland Group Holdings Limited announced that with effect from June 30, 2025, Dr. Ho Ka Yan, an independent non-executive Director and a member of both the audit committee and remuneration committee, has been appointed as a member of the nomination committee. Following this change, the Nomination Committee comprises four members: Mr. Ng Chi Chiu (chairman of the Nomination Committee), Mr. Yip Kit Chau, Mr. Law Hung Wai, CPA, and Dr. Ho. This change was made in response to amendments to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the corporate governance code, effective July 1, 2025. Biographical details of Dr. Ho were previously provided in the Company's annual report for the year ended December 31, 2024. New Risk • May 03
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 6.2% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Earnings have declined by 2.2% per year over the past 5 years. Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Market cap is less than US$100m (HK$216.0m market cap, or US$27.9m). Announcement • Apr 29
Superland Group Holdings Limited, Annual General Meeting, Jun 25, 2025 Superland Group Holdings Limited, Annual General Meeting, Jun 25, 2025, at 11:00 China Standard Time. Location: room d, the lu+, 3/f, lu plaza, 2 wing yip street, kwun tong, Hong Kong Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: HK$0.024 (vs HK$0.028 in FY 2023) Full year 2024 results: EPS: HK$0.024 (down from HK$0.028 in FY 2023). Revenue: HK$902.3m (down 11% from FY 2023). Net income: HK$18.9m (down 15% from FY 2023). Profit margin: 2.1% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Mar 14
Superland Group Holdings Limited to Report Fiscal Year 2024 Final Results on Mar 27, 2025 Superland Group Holdings Limited announced that they will report fiscal year 2024 final results on Mar 27, 2025 Announcement • Nov 30
Superland Group Holdings Limited Announces Directorate Changes The board of directors of Superland Group Holdings Limited announced that with effect from 1 December 2024, Mr. Ip Sze Ching will resign as an independent non-executive Director and a member of each of the audit committee and remuneration committee of the Company, as he would like to devote more time to his personal engagements. Mr. Ip will no longer hold any position in the Company and its subsidiaries. The Board also announced that with effect from 1 December 2024, Dr. Ho Ka Yan shall be appointed as an independent non-executive Director. Dr. Ho, aged 47, graduated from The Chinese University of Hong Kong with a Doctor of Philosophy Degree in Marketing and The University of Hong Kong with a Master of Philosophy Degree in Business and a Bachelor Degree in Business Administration (Accounting and Finance). Dr. Ho has extensive experience in education and marketing. Since September 2015, Dr. Ho has been serving as an associate professor in the Department of Management, Marketing, and Information Systems (formerly the Department of Marketing) of the Hong Kong Baptist University, and from September 2009 to August 2015, she served as an assistant professor in the same department. Dr. Ho is currently a member of the Occupational Safety and Health Council, being a statutory body established under the Occupational Safety and Health Council Ordinance (Chapter 398 of the Laws of Hong Kong). Reported Earnings • Oct 01
First half 2024 earnings released: EPS: HK$0.005 (vs HK$0.009 in 1H 2023) First half 2024 results: EPS: HK$0.005 (down from HK$0.009 in 1H 2023). Revenue: HK$404.7m (down 22% from 1H 2023). Net income: HK$4.27m (down 43% from 1H 2023). Profit margin: 1.1% (down from 1.4% in 1H 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Aug 16
Superland Group Holdings Limited to Report First Half, 2024 Results on Aug 28, 2024 Superland Group Holdings Limited announced that they will report first half, 2024 results on Aug 28, 2024 Buy Or Sell Opportunity • Jul 02
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.6% to HK$0.23. The fair value is estimated to be HK$0.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 27%. Buy Or Sell Opportunity • Jun 25
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at HK$0.25. The fair value is estimated to be HK$0.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 27%. Announcement • May 01
Superland Group Holdings Limited, Annual General Meeting, Jun 21, 2024 Superland Group Holdings Limited, Annual General Meeting, Jun 21, 2024. Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: HK$0.028 (vs HK$0.035 in FY 2022) Full year 2023 results: EPS: HK$0.028 (down from HK$0.035 in FY 2022). Revenue: HK$1.01b (up 23% from FY 2022). Net income: HK$22.2m (down 21% from FY 2022). Profit margin: 2.2% (down from 3.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Announcement • Mar 16
Superland Group Holdings Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 Superland Group Holdings Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 Announcement • Jan 17
Superland Group Holdings Limited Announces Executive Changes Superland Group Holdings Limited announced that with effect from 17 January 2024, Prof. Chau Kwong Wing (``Prof. Chau'') has resigned as an independent non-executive Director, the Chairman of the remuneration committee and a member of each of the audit committee and nomination committee of the Company, as he would like to devote more time to his personal engagements. Prof. Chau will no longer hold any position in the Company and its subsidiaries. The Board announced that with effect from 17 January 2024, Mr. Law Hung Wai, CPA (``Mr. Law'') has been appointed as an independent non-executive Director. Mr. Law, aged 66, graduated from University of London with a Bachelor Degree of Laws, Hawaii Pacific University with a Bachelor Degree of Science (Business Administration and Accounting), University of California, Berkeley with a Master's Degree of Business Administration (Finance) and University of Hawaii with a Bachelor Degree of Science (Civil Engineering). He has extensive experience in advisory, consulting and corporate finance work. Since April 2010, Mr. Law has been serving as director of TIC Associates Limited, a corporate finance advisory services consulting firm. From 2011 to February 2020, Mr. Law served as business director of a licensed corporation which carried out Type 6 regulated activity under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). From April 2005 to March 2010, Mr. Law served as general manager in finance of the Hong Kong Productivity Council and chairman of its operating units in the People's Republic of China. Mr. Law is also a Fellow member of the Hong Kong Institute ofCertified Public Accountants and the CPA Australia. Upon the resignation of Prof. Chau, he has ceased to be the Chairman of the remuneration committee and a member of each of the audit committee and the nomination committee of the Company. Mr. Law has been appointed as the Chairman of the remuneration committee and a member of each of the audit committee and the nomination committee of the Company with effect from 17 January 2024. Announcement • Oct 18
Superland Group Holdings Limited Announces Board Changes The board of directors of Superland Group Holdings Limited announced that with effect from 17 October 2023, Mr. Yip Chun On has resigned as an independent non-executive Director, the Chairman of the audit committee and a member of each of the remuneration committee and nomination committee of the Company, as he would like to devote more time to his personal engagements. Mr. Yip Chun On will no longer hold any position in the Company and its subsidiaries. The Board announced that with effect from 17 October 2023, Mr. Yip Kit Chau has been appointed as an independent non-executive Director. Mr. Yip Kit Chau, aged 38, graduated from The Hong Kong Polytechnic University with a Bachelor Degree of Business Administration (Accounting and Finance) and has extensive experience in accounting, auditing and financial management. Since November 2022, Mr. Yip Kit Chau has been serving as chief financial officer and company secretary of FSM Holdings Limited, a company listed on the Main Board of the Stock Exchange (stock code: 1721). From August 2021 to October 2022, Mr. Yip Kit Chau served as group financial controller of a non-public multinational apparel manufacturing company. From April 2020 to July 2021, Mr. Yip Kit Chau has served as financial controller of a non-public multinational electronics manufacturing company. From September 2008 to March 2020, Mr. Yip Kit Chau worked at PricewaterhouseCoopers with his final position as senior manager in audit and assurance services. Mr. Yip Kit Chau is a fellow member of the Hong Kong Institute of Certified Public Accountants. Upon the resignation of Mr. Yip Chun On, he has ceased to be the Chairman of the audit committee and a member of each of the remuneration committee and nomination committee of the Company. Mr. Yip Kit Chau has been appointed as the Chairman of the audit committee and a member of each of the remuneration committee and nomination committee of the Company with effect from 17 October 2023. New Risk • Sep 29
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Earnings have declined by 5.9% per year over the past 5 years. High level of non-cash earnings (22% accrual ratio). Minor Risk Market cap is less than US$100m (HK$312.0m market cap, or US$39.8m). Reported Earnings • Aug 31
First half 2023 earnings released: EPS: HK$0.009 (vs HK$0.012 loss in 1H 2022) First half 2023 results: EPS: HK$0.009 (up from HK$0.012 loss in 1H 2022). Revenue: HK$520.2m (up 67% from 1H 2022). Net income: HK$7.53m (up HK$16.8m from 1H 2022). Profit margin: 1.4% (up from net loss in 1H 2022). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Aug 18
Superland Group Holdings Limited to Report First Half, 2023 Results on Aug 29, 2023 Superland Group Holdings Limited announced that they will report first half, 2023 results on Aug 29, 2023 Board Change • Jul 01
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. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Raymond Ho was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Chairman & CEO Chi Chiu Ng is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Sep 02
First half 2022 earnings released: HK$0.012 loss per share (vs HK$0.01 loss in 1H 2021) First half 2022 results: HK$0.012 loss per share (down from HK$0.01 loss in 1H 2021). Revenue: HK$311.2m (down 5.1% from 1H 2021). Net loss: HK$9.25m (loss widened 18% from 1H 2021). Announcement • Sep 01
Superland Group Holdings Limited Announces the Resignation of Ho Nga Ling as Executive Director Superland Group Holdings Limited announced that Ms. Ho Nga Ling and the Company have mutually decided not to renew Ms. Ho's service contract with the Company following the expiry of the term, due to Ms. Ho's wishes to devote more time to other business engagements. Ms. Ho has resigned as an executive Director with effect from 31 August 2022. Ms. Ho has confirmed that she has no disagreement with the Board and there is no other matter relating to her resignation that needs to be brought to the attention of the shareholders of the Company. Announcement • Aug 18
Superland Group Holdings Limited to Report First Half, 2022 Results on Aug 31, 2022 Superland Group Holdings Limited announced that they will report first half, 2022 results on Aug 31, 2022 Board Change • Apr 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Chairman & CEO Chi Chiu Ng is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Director Raymond Ho was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: HK$0.016 (vs HK$0.026 in FY 2020) Full year 2021 results: EPS: HK$0.016 (down from HK$0.026 in FY 2020). Revenue: HK$798.1m (up 17% from FY 2020). Net income: HK$12.6m (down 30% from FY 2020). Profit margin: 1.6% (down from 2.7% in FY 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Oct 01
First half 2021 earnings released: HK$0.01 loss per share (vs HK$0.015 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: HK$327.8m (up 11% from 1H 2020). Net loss: HK$7.83m (loss narrowed 13% from 1H 2020). Reported Earnings • Aug 25
First half 2021 earnings released: HK$0.01 loss per share (vs HK$0.015 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: HK$327.8m (up 11% from 1H 2020). Net loss: HK$7.83m (loss narrowed 13% from 1H 2020). Announcement • Mar 19
Superland Group Holdings Limited to Report Fiscal Year 2020 Results on Mar 30, 2021 Superland Group Holdings Limited announced that they will report fiscal year 2020 results on Mar 30, 2021 Announcement • Mar 18
Superland Group Holdings Limited Provides Earnings Guidance for the Year Ended 31 December 2020 Superland Group Holdings Limited provided earnings guidance for the year ended 31 December 2020. The board of directors of the Company announced that, after a preliminary assessment of the information currently available to the Board, including the unaudited consolidated management accounts of the Group, the Group expects to record a decrease by approximately 45% to 50% of the profit and total comprehensive income for the year ended 31 December 2020 as compared to the profit and total comprehensive income of approximately HKD 33.7 million for the year ended 31 December 2019. Such decrease was mainly due to the decrease in revenue by not more than approximately 25% for the year ended 31 December 2020 as compared to the same period in 2019 which was mainly attributable to: contrary to what the Directors and many others had wished that the outbreak of the coronavirus pandemic (COVID-19) would be under control gradually in June 2020 and that the economy would improve positively in the second half of 2020, the actual outcome of the persistent outbreak of COVID-19 in the second half of 2020 further intensified the economic downturn of Hong Kong and dampened market sentiment, which was a disincentive for property developers to commence new property projects, thus unexpectedly delaying or reducing the number of new fitting-out projects that could be awarded to the Group in the second half of 2020; and the persistent outbreak of COVID-19 in the second half of 2020 further delayed the progress of some of the Group's fitting-out projects on hand which greatly affected the revenue recognition of such projects accordingly. Is New 90 Day High Low • Mar 16
New 90-day low: HK$0.76 The company is down 10.0% from a price of HK$0.84 on 16 December 2020. Underperformed the Hong Kong market, which is up 12% over the last 90 days. Lagged the Construction industry, which is up 18% over the same period. Announcement • Nov 27
Superland Group Holdings Limited Speeds Up Its Technologies and Technical Solutions Development Superland Group Holdings Limited announced that the Group would intend to speed up the development of its technologies and technical solutions, and launch a total solution for both the general public, fitting-out, interior design and construction and property market industry in 2021. With a solid foundation in fitting-out industry, the Group intends to speed up the development of its technologies and technical solutions. The Group has been exploring and formulating strategies to develop and commercialise the Group's existing and future technologies and technical solutions, including but not limited to, virtual reality technology, digital design services and three-dimensional laser scanning, to enjoy first-mover advantage in applying these technologies in fitting-out, interior design and construction and property market industry. In view of the growing maturity and market exposure of the Group's technologies, the Group is one the exhibitor of the Belt and Road Summit 2020 which will be held from November 30, 2020 to December 1, 2020. The Group can broadcast and demonstrate its latest technologies and technical solutions to the market. The Group believes that the Belt and Road Summit 2020 would bring potential business opportunities to the Group so as to further enhance the Group's revenue and profit structure. Is New 90 Day High Low • Oct 29
New 90-day high: HK$1.12 The company is up 53% from its price of HK$0.73 on 31 July 2020. The Hong Kong market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 2.0% over the same period. Valuation Update With 7 Day Price Move • Oct 29
Market bids up stock over the past week After last week's 40% share price gain to HK$1.12, the stock is trading at a trailing P/E ratio of 21.5x, up from the previous P/E ratio of 15.3x. This compares to an average P/E of 9x in the Construction industry in Hong Kong. Announcement • Aug 22
Superland Group Holdings Limited to Report First Half, 2020 Results on Aug 28, 2020 Superland Group Holdings Limited announced that they will report first half, 2020 results on Aug 28, 2020 Announcement • Jul 18
Superland Group Holdings Ltd. has completed an IPO in the amount of HKD 126 million. Superland Group Holdings Ltd. has completed an IPO in the amount of HKD 126 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 200,000,000
Price\Range: HKD 0.63
Discount Per Security: HKD 0.1071
Transaction Features: Regulation S