New Risk • Apr 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$69.6m (US$8.89m) 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 30% per year over the past 5 years. Market cap is less than US$10m (HK$69.6m market cap, or US$8.89m). New Risk • Jan 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$75.7m (US$9.71m) 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 (49% average weekly change). Earnings have declined by 30% per year over the past 5 years. Market cap is less than US$10m (HK$75.7m market cap, or US$9.71m). Reported Earnings • Nov 30
First half 2026 earnings released: HK$0.089 loss per share (vs HK$0.13 loss in 1H 2025) First half 2026 results: HK$0.089 loss per share (improved from HK$0.13 loss in 1H 2025). Revenue: HK$62.0m (down 18% from 1H 2025). Net loss: HK$26.8m (loss narrowed 33% from 1H 2025). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 41% per year, which means it is performing significantly worse than earnings. New Risk • Nov 29
New major risk - Revenue and earnings growth Earnings have declined by 30% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (49% average weekly change). Earnings have declined by 30% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$104.4m market cap, or US$13.4m). Announcement • Nov 18
PT International Development Corporation Limited to Report First Half, 2026 Results on Nov 28, 2025 PT International Development Corporation Limited announced that they will report first half, 2026 results on Nov 28, 2025 Announcement • Jul 16
PT International Development Corporation Limited, Annual General Meeting, Aug 12, 2025 PT International Development Corporation Limited, Annual General Meeting, Aug 12, 2025, at 10:30 China Standard Time. Location: room soho 2, 6/f., ibis hong kong central and sheung wan hotel, no. 28 des voeux road west, sheung wan., Hong Kong Announcement • Jul 02
PT International Development Corporation Limited Appoints Wong Man Ming, Melinda as Member of the Nomination Committee, Effective 2 July 2025 PT International Development Corporation Limited announced that Ms. Wong Man Ming, Melinda (Ms. Wong), an executive director of the company, has been appointed as a member of the nomination committee of the Company (the Nomination Committee) with effect from 2 July 2025. Upon such an appointment, the Nomination Committee comprises four members, namely Mr. Yam Kwong Chun (Chairman), Ms. Wong Man Ming, Melinda, Mr. Wong Yee Shuen, Wilson and Mr. Lam Yik Tung. Reported Earnings • Jul 02
Full year 2025 earnings released: HK$0.63 loss per share (vs HK$0.028 profit in FY 2024) Full year 2025 results: HK$0.63 loss per share (down from HK$0.028 profit in FY 2024). Revenue: HK$140.7m (down 7.4% from FY 2024). Net loss: HK$191.3m (down HK$199.4m from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings. Announcement • Jun 18
PT International Development Corporation Limited to Report Fiscal Year 2025 Results on Jun 30, 2025 PT International Development Corporation Limited announced that they will report fiscal year 2025 results at 9:30 AM, China Standard Time on Jun 30, 2025 Announcement • Jun 06
Ching Man Chun, Louis completed the acquisition of an additional 21.70% stake in PT International Development Corporation Limited (SEHK:372) for HKD 11.49 million Ching Man Chun, Louis proposed to acquire remaining 70.87% stake in PT International Development Corporation Limited (SEHK:372) from Zhu Bin and others for HKD 37.5 million on April 3, 2025. A cash consideration of HKD 37.54 million valued at HKD 0.175 per share will be paid by the buyer. As part of consideration, HKD 37.54 million is paid towards common equity of PT International Development Corporation Limited. The transaction will be financed through equity investment of HKD 37.54 million. The deal is expected to be completed on June 5, 2025. As of May 2, 2025, the Offeror received valid acceptances for 64,729,940 Offer Shares, which represent approximately 21.38% of the Company's issued share capital. Combined with shares already held, the Offeror and its Concert Parties now hold 152,929,940 shares, representing 50.51% of the total issued share capital.
The offer was conditional upon the Offeror and its Concert Parties holding more than 50% of the voting rights, which has been achieved. Therefore, the offer is now unconditional in all respects. The offer remains open for acceptance until May 22, 2025, following the rules set out in the Takeovers Code. This allows shareholders additional time to accept the offer. On May 8, 2025 The company has applied for an extension to the deadline for sending out the Response Document, which includes recommendations from the Independent Board Committee and advice from the Independent Financial Adviser. As of May 22, 2025, Independent Board Committee have recommended the offer to be fair and reasonable but Independent Financial Adviser express no opinion. The offer period will close on June 5, 2025.
Merdeka Corporate Finance Limited acted as a financial adviser to Ching Man Chun, Louis. Head & Shoulders Securities Limited acted as tender offer agent. Union Registrars Limited acted as registrar to PT International Development Corporation Limited. Grande Capital Limited acted as Independent Financial Adviser to Independent Board Committee.
Ching Man Chun, Louis completed the acquisition of an additional 21.70% stake in PT International Development Corporation Limited (SEHK:372) for HKD 11.49 million on June 5, 2025. Announcement • Apr 04
Ching Man Chun, Louis proposed to acquire remaining 70.87% stake in PT International Development Corporation Limited (SEHK:372) from Zhu Bin and others for HKD 37.5 million. Ching Man Chun, Louis proposed to acquire remaining 70.87% stake in PT International Development Corporation Limited (SEHK:372) from Zhu Bin and others for HKD 37.5 million on April 3, 2025. A cash consideration of HKD 37.54 million valued at HKD 0.175 per share will be paid by the buyer. As part of consideration, HKD 37.54 million is paid towards common equity of PT International Development Corporation Limited. The transaction will be financed through equity investment of HKD 37.54 million. Merdeka Corporate Finance Limited acted as a financial adviser to Ching Man Chun, Louis. Head & Shoulders Securities Limited acted as tender offer agent. Announcement • Feb 27
PT International Development Corporation Limited Announces Re Designation of Wong Man Ming, Melinda from A Non-Executive Director to an Executive Director The board of directors of PT International Development Corporation announced that Ms. Wong Man Ming, Melinda, has been re-designated from a non-executive Director to an executive Director of the Company primarily responsible for overseeing the financial institute business of the Group in Mauritius with effect from 26 February 2025 (the "Re-designation"). Ms. Wong, aged 50, was appointed as a non-executive Director of the Company on 13 October 2023 and she has over 20 years of experience in the accounting and corporate finance industry. Ms. Wong started her career with Deloitte Touche Tohmatsu, an international audit firm, in 1999. In 2003, Ms. Wong joined Rexcapital (Hong Kong) Limited and commenced her career in the corporate finance field. Throughout the period from August 2004 to July 2011, Ms. Wong worked in the investment banking or corporate finance departments of Shang International Finance Limited (formerly known as Somerley Capital Limited), UOB Asia (Hong Kong) Limited, Macquarie Capital (Hong Kong) Limited, and Optima Capital Limited respectively, where she was involved in a wide range of takeovers, mergers and acquisitions, initial public offerings, privatisations and other corporate finance advisory work for Hong Kong listed issuers. From August 2011 to January 2019, Ms. Wong worked in the Listed Issuer Regulation team of the Listing Division of Hong Kong Exchanges and Clearing Limited, primarily responsible for monitoring listed issuers' compliance with the Listing Rules. In January 2019, Ms. Wong rejoined Optima Capital Limited as a director in the corporate finance department and remained in such position until September 2022. Ms. Wong is an independent non-executive director of KWG Group Holdings Limited (stock code: 1813), a company listed on The Stock Exchange of Hong Kong Limited ("Stock Exchange"). Ms. Wong obtained her bachelor's degree in business administration (accounting) from Washington State University in the United States in 1999. She was a certified public accountant in the state of Washington in 2004, and she is currently a regular member of the American Institute of Certified Public Accountants. New Risk • Jan 08
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 Less than 1 year of cash runway based on free cash flow trend (-HK$56m free cash flow). Market cap is less than US$10m (HK$51.5m market cap, or US$6.62m). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Board Change • Jan 08
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Yik Tung Lam was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 29
First half 2025 earnings released: HK$0.013 loss per share (vs HK$0.13 profit in 1H 2024) First half 2025 results: HK$0.013 loss per share (down from HK$0.13 profit in 1H 2024). Revenue: HK$76.0m (up 94% from 1H 2024). Net loss: HK$40.3m (down 111% from profit in 1H 2024). 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 52% per year, which means it is significantly lagging earnings. Announcement • Nov 18
PT International Development Corporation Limited to Report First Half, 2025 Results on Nov 28, 2024 PT International Development Corporation Limited announced that they will report first half, 2025 results on Nov 28, 2024 New Risk • Jul 24
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% 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 Risk High level of non-cash earnings (24% accrual ratio). Minor Risk Market cap is less than US$100m (HK$96.9m market cap, or US$12.4m). Announcement • Jul 18
PT International Development Corporation Limited, Annual General Meeting, Aug 28, 2024 PT International Development Corporation Limited, Annual General Meeting, Aug 28, 2024, at 10:30 China Standard Time. Location: room soho 2, 6/f, ibis hong kong central and sheung wan hotel, no. 28 des voeux road west, sheung wan, Hong Kong Reported Earnings • Jun 28
Full year 2024 earnings released: EPS: HK$0.003 (vs HK$0.089 loss in FY 2023) Full year 2024 results: EPS: HK$0.003 (up from HK$0.089 loss in FY 2023). Revenue: HK$152.0m (down 66% from FY 2023). Net income: HK$8.13m (up HK$210.1m from FY 2023). Profit margin: 5.3% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 50% per year, which means it is performing significantly worse than earnings. Announcement • Jun 15
PT International Development Corporation Limited to Report Fiscal Year 2024 Results on Jun 27, 2024 PT International Development Corporation Limited announced that they will report fiscal year 2024 results on Jun 27, 2024 Board Change • Apr 25
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Yik Tung Lam was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 19
PT International Development Corporation Limited Announces Board Changes The board (the ‘Board’) of directors (‘Director(s)’) of PT International Development Corporation Limited (the ‘Company’) announced that Mr. Wong Kung Ho, Alexander has been appointed as an executive Director of the Company with effect from 18 April 2024. Mr. Wong, aged 48, has over 22 years of experience in the finance industry. He worked in Citibank N.A., Hong Kong Branch from October 2002 to June 2004 with the last position as investment consultant, American Express Bank Limited from June 2004 to August 2005 with the last position as head investment consultant, Citibank (Hong Kong) Limited from August 2005 to March 2006 with the last position as branch manager and American Express Bank Limited from April 2006 to June 2008 with the last position as relationship manager. He also worked in BNP Paribas Wealth Management Hong Kong Branch from June 2008 to September 2016 with the last position as relationship manager. Mr. Wong joined the Group since 2019 and currently serves as a director of PT Insurance Brokers Company Limited, the Head of Trading of Muhabura Capital Limited and a licensed representative of Helios Asset Management (HK) Limited (‘Helios’), all of which are wholly owned subsidiaries of the Company. Mr. Wong obtained his bachelor of science degree in business administration from Boston University in the United States in 2002. Pursuant to the Letter of Appointment, Mr. Wong will hold office until the next annual general meeting of the Company and is eligible for re-election at such meeting, and he will be subject to retirement by rotation and re-election at least once every three years at the annual general meeting of the Company and in accordance with the bye-laws of the Company. Mr. Heinrich Grabner (‘Mr. Grabner’) has tendered his resignation as the deputy chairman of the Board and an executive Director of the Company, in each case, with effect from 18 April 2024 as he would like to pursue other business engagements. Mr. Grabner will remain as a director of certain subsidiaries of the Company for the time being. With effect from 18 April 2024, Mr. Heinrich Grabner has ceased to be an authorized representative of the Company under the Listing Rules. In replacement of Mr. Heinrich Grabner, Mr. Wong Kung Ho, Alexander has been appointed as an authorised representative of the Company under the Listing Rules with effect from 18 April 2024. New Risk • Dec 22
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 40% 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 Risk High level of non-cash earnings (40% accrual ratio). Minor Risks Shareholders have been diluted in the past year (50% increase in shares outstanding). Market cap is less than US$100m (HK$190.7m market cap, or US$24.4m). Reported Earnings • Dec 01
First half 2024 earnings released: EPS: HK$0.13 (vs HK$0.045 loss in 1H 2023) First half 2024 results: EPS: HK$0.13 (up from HK$0.045 loss in 1H 2023). Revenue: HK$39.3m (down 89% from 1H 2023). Net income: HK$352.2m (up HK$442.5m from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Announcement • Nov 23
PT International Development Corporation Limited Provides Consolidated Earnings Guidance for the Six Months Ended September 30, 2023 PT International Development Corporation Limited provided consolidated earnings guidance for the six months ended September 30, 2023. For the period, the group is expected to record a profit of not more than approximately HKD 286 million for the current period as compared to the loss of approximately HKD 97 million for the corresponding period in 2022 and reversed the net loss position of the Group for the corresponding period in 2022. The Board considers that the expected turnaround to profit during the Current Period was mainly due to an unrealised fair value gain of the Group's investment in AFC Mercury Fund for the Current Period. Announcement • Nov 18
PT International Development Corporation Limited to Report Q2, 2024 Results on Nov 29, 2023 PT International Development Corporation Limited announced that they will report Q2, 2024 results on Nov 29, 2023 New Risk • Jul 02
New major risk - Revenue and earnings growth Earnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 11% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (50% increase in shares outstanding). Market cap is less than US$100m (HK$290.6m market cap, or US$37.1m). Reported Earnings • Jul 01
Full year 2023 earnings released: HK$0.089 loss per share (vs HK$0.078 loss in FY 2022) Full year 2023 results: HK$0.089 loss per share (further deteriorated from HK$0.078 loss in FY 2022). Revenue: HK$452.5m (down 49% from FY 2022). Net loss: HK$202.0m (loss widened 28% from FY 2022). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. New Risk • Jun 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 50% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Shareholders have been diluted in the past year (50% increase in shares outstanding). Market cap is less than US$100m (HK$272.5m market cap, or US$34.8m). Announcement • Jun 15
PT International Development Corporation Limited to Report Fiscal Year 2023 Results on Jun 29, 2023 PT International Development Corporation Limited announced that they will report fiscal year 2023 results on Jun 29, 2023 New Risk • Jun 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. 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 Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Market cap is less than US$100m (HK$163.5m market cap, or US$20.9m). Recent Insider Transactions • May 10
Insider recently bought HK$2.7m worth of stock On the 4th of May, Bin Zhu bought around 23m shares on-market at roughly HK$0.11 per share. This transaction amounted to 10% 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$46m more in shares than they have sold in the last 12 months. Board Change • Dec 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. Executive Deputy Chairman Heinrich Grabner was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 19
PT International Development Corporation Limited Provides Group Earnings Guidance for the Six Months Ended September 30, 2022 PT International Development Corporation Limited provided group earnings guidance for the six months ended September 30, 2022. For the period, the Group expects to continue to record a loss of not less than approximately HKD 90 million for the Current Period as compared to the loss of approximately HKD 97 million for the corresponding period in 2021, which is mainly due to an unrealised fair value loss of the Group's investment in AFC Mercury Fund for the Current Period. Announcement • Nov 18
PT International Development Corporation Limited to Report First Half, 2023 Results on Nov 29, 2022 PT International Development Corporation Limited announced that they will report first half, 2023 results on Nov 29, 2022 Recent Insider Transactions • Nov 18
Insider recently bought HK$44m worth of stock On the 10th of November, Bin Zhu bought around 230m shares on-market at roughly HK$0.19 per share. This trade did not impact their existing holding. 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. Announcement • Sep 02
PT International Development Corporation Limited Appoints Heinrich Grabner as Deputy Chairman The board of directors of PT International Development Corporation Limited announced that Mr. Heinrich Grabner, currently an executive director ("Executive Director") of the Company, has been appointed to act as a Deputy Chairman of the Board with effect from 1 September 2022. Mr. Grabner, aged 48, joined the Group as a chief executive officer and responsible officer of Helios Asset Management (HK) Limited ("Helios") in January 2018 and was subsequently appointed as an Executive Director of the Company in November 2019. He also acts as director of certain subsidiaries of the Company including Helios, Muhabura Capital Ltd. and Thousand Vantage Investment Limited. Mr. Grabner received his B.A. in Economics and Chinese from The University of Michigan. Prior to joining the Group, Mr. Grabner held various senior positions in various investment banking, asset management and private banking companies. He has over two decades of investment management experience in the Asia Pacific region, including extensive experience in mergers and acquisitions, with a focus in finance, mining, energy and infrastructure. He currently also serves as a non-executive director of Sonora Gold and Silver Corp. (stock code: SOC.V), the shares of which are listed on the TSX Venture Exchange in Canada. Announcement • Jul 23
Xu Wei to Retire as an Executive Director of PT International Development Corporation Limited PT International Development Corporation Limited announced that Ms. Xu Wei ("Ms. Xu") will retire from office upon the conclusion of the Company's annual general meeting to be held on 5 August 2022. Announcement • Jul 15
PT International Development Corporation Limited, Annual General Meeting, Aug 05, 2022 PT International Development Corporation Limited, Annual General Meeting, Aug 05, 2022, at 10:30 China Standard Time. Location: Room 1, 10/F., United Centre, 95 Queensway Admiralty Hong Kong Agenda: To receive, consider and adopt the audited consolidated financial statements and the report of the Directors and of the independent auditor of the Company for the year ended 31st March, 2022; to re-elect directors; to authorise the board of directors of the Company (the "Board") to fix the remuneration of the directors of the Company; to re-appoint Deloitte Touche Tohmatsu as the independent auditor of the Company and to authorise the Board to fix its remuneration; to grant a general mandate to the Directors to allot, issue and deal with the Company's shares; to grant a general mandate to the Directors to repurchase the Company's own shares; and to extend the general mandate granted to the Directors to allot, issue and deal with the Company's shares. Announcement • Jun 24
PT International Development Corporation Limited Provides Consolidated Earnings Guidance for the Year Ended March 31, 2022 PT International Development Corporation Limited provided consolidated earnings guidance for the year ended March 31, 2022. For the year, the company expects to record a loss of not less than approximately HKD 160 million as compared to the profit of approximately HKD 167 million for the year ended 31 March 2021, which was mainly due to a one-off gain arising from the disposal of the Group's associate, Blue River Holdings Limited, for the year ended 31 March 2021; and (b) an unrealised fair value loss of the Group's investment in AFC Mercury Fund for the Financial Year 2022. Announcement • Jun 18
PT International Development Corporation Limited to Report Fiscal Year 2022 Results on Jun 29, 2022 PT International Development Corporation Limited announced that they will report fiscal year 2022 results on Jun 29, 2022 Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Yik Tung Lam was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 01
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: HK$0.047 loss per share (down from HK$0.076 profit in 1H 2021). Revenue: HK$497.1m (down 29% from 1H 2021). Net loss: HK$95.6m (down 162% from profit in 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 16% per year. Executive Departure • Jul 15
Executive Director Ka Lok Sue has left the company On the 6th of July, Ka Lok Sue's tenure as Executive Director ended after 4.3 years in the role. We don't have any record of a personal shareholding under Ka Lok's name. Ka Lok is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.00 years. Reported Earnings • Jun 30
Full year 2021 earnings released: EPS HK$0.083 (vs HK$0.45 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: HK$1.47b (up 17% from FY 2020). Net income: HK$167.1m (up HK$1.07b from FY 2020). Profit margin: 11% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Jun 19
PT International Development Corporation Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended March 31, 2021 PT International Development Corporation Limited provided unaudited consolidated earnings guidance for the year ended March 31, 2021. For the period, the Group expects to record a profit of not more than approximately HKD 170 million for the Financial Year 2021 as compared to the loss of approximately HKD 904 million for the year ended 31 March 2020. Is New 90 Day High Low • Mar 05
New 90-day high: HK$0.25 The company is up 21% from its price of HK$0.21 on 04 December 2020. The Hong Kong market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is up 8.0% over the same period. Reported Earnings • Dec 18
First half 2021 earnings released: EPS HK$0.076 The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: HK$702.9m (up 22% from 1H 2020). Net income: HK$153.6m (up HK$849.1m from 1H 2020). Profit margin: 22% (up from net loss in 1H 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 29
First half 2021 earnings released: EPS HK$0.076 The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: HK$702.9m (up 22% from 1H 2020). Net income: HK$153.6m (up HK$849.1m from 1H 2020). Profit margin: 22% (up from net loss in 1H 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 24
New 90-day low: HK$0.23 The company is down 15% from its price of HK$0.28 on 26 August 2020. The Hong Kong market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Diversified Financial industry, which is up 7.0% over the same period. Announcement • Nov 18
PT International Development Corporation Limited to Report First Half, 2020 Results on Nov 27, 2020 PT International Development Corporation Limited announced that they will report first half, 2020 results on Nov 27, 2020 Is New 90 Day High Low • Nov 03
New 90-day low: HK$0.25 The company is down 8.0% from its price of HK$0.27 on 05 August 2020. The Hong Kong market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Diversified Financial industry, which is up 3.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: HK$0.27 The company is down 21% from its price of HK$0.34 on 24 June 2020. The Hong Kong market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Diversified Financial industry, which is flat over the same period. Announcement • Jun 17
PT International Development Corporation Limited to Report Fiscal Year 2020 Results on Jun 29, 2020 PT International Development Corporation Limited announced that they will report fiscal year 2020 results on Jun 29, 2020 