New Risk • Apr 27
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 10% 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 Interest payments are not well covered by earnings (0.6x net interest cover). Earnings have declined by 42% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (HK$96.7m market cap, or US$12.3m). New Risk • Apr 15
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$74.6m (US$9.52m) 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 Interest payments are not well covered by earnings (0.6x net interest cover). Earnings have declined by 42% per year over the past 5 years. Market cap is less than US$10m (HK$74.6m market cap, or US$9.52m). Recent Insider Transactions • Mar 19
Co-Founder recently bought HK$598k worth of stock On the 17th of March, Chong Yong Pang bought around 2m shares on-market at roughly HK$0.30 per share. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Chong Yong has been a buyer over the last 12 months, purchasing a net total of HK$1.1m worth in shares. Reported Earnings • Feb 27
Full year 2025 earnings released: US$0.002 loss per share (vs US$0.004 loss in FY 2024) Full year 2025 results: US$0.002 loss per share (improved from US$0.004 loss in FY 2024). Revenue: US$26.0m (up 13% from FY 2024). Net loss: US$438.0k (loss narrowed 57% from FY 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. New Risk • Jan 26
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Earnings have declined by 42% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$96.7m market cap, or US$12.4m). Reported Earnings • Jan 24
Full year 2025 earnings released: US$0.002 loss per share (vs US$0.004 loss in FY 2024) Full year 2025 results: US$0.002 loss per share (improved from US$0.004 loss in FY 2024). Revenue: US$26.0m (up 13% from FY 2024). Net loss: US$430.0k (loss narrowed 58% from FY 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Jan 24
Gemilang International Limited, Annual General Meeting, Mar 27, 2026 Gemilang International Limited, Annual General Meeting, Mar 27, 2026. Announcement • Jan 13
Gemilang International Limited to Report Fiscal Year 2025 Results on Jan 23, 2026 Gemilang International Limited announced that they will report fiscal year 2025 results on Jan 23, 2026 Recent Insider Transactions • Nov 20
Co-Founder recently bought HK$249k worth of stock On the 13th of November, Chong Yong Pang bought around 996k shares on-market at roughly HK$0.25 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Chong Yong has been a buyer over the last 12 months, purchasing a net total of HK$478k worth in shares. New Risk • Aug 15
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 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 60% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Significant insider selling over the past 3 months (HK$2.5m sold). Market cap is less than US$100m (HK$78.8m market cap, or US$10.1m). New Risk • Jul 31
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: HK$2.5m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 60% per year over the past 5 years. Market cap is less than US$10m (HK$55.3m market cap, or US$7.04m). Minor Risk Significant insider selling over the past 3 months (HK$2.5m sold). Reported Earnings • Jun 22
First half 2025 earnings released: EPS: US$0 (vs US$0.003 in 1H 2024) First half 2025 results: EPS: US$0 (down from US$0.003 in 1H 2024). Revenue: US$11.7m (up 33% from 1H 2024). Net income: US$28.0k (down 96% from 1H 2024). Profit margin: 0.2% (down from 8.4% in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Announcement • Jun 21
Gemilang International Limited Announces Nomination Committee Changes, with Effect from 20 June 2025 Gemilang International Limited announced changes will be made in the composition of the nomination committee of the Company (the " Nomination Committee") with effect from 20 June 2025:
Mr. Huan Yean San ("Mr. Huan"), an independent non-executive Director, will cease to be a member of the Nomination Committee; and Ms. Kwok Yuen Lam Sophia ("Ms. Kwok"), an independent non-executive Director, has been appointed as a member of the Nomination Committee. Announcement • Jun 10
Gemilang International Limited to Report First Half, 2025 Results on Jun 20, 2025 Gemilang International Limited announced that they will report first half, 2025 results on Jun 20, 2025 Recent Insider Transactions • May 23
Co-Founder recently bought HK$70k worth of stock On the 19th of May, Chong Yong Pang bought around 356k shares on-market at roughly HK$0.20 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$84k. Chong Yong has been a buyer over the last 12 months, purchasing a net total of HK$229k worth in shares. Recent Insider Transactions • May 09
Co-Founder recently bought HK$84k worth of stock On the 6th of May, Chong Yong Pang bought around 400k shares on-market at roughly HK$0.21 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Chong Yong has been a buyer over the last 12 months, purchasing a net total of HK$716k worth in shares. New Risk • Mar 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 71% per year over the past 5 years. Market cap is less than US$10m (HK$69.1m market cap, or US$8.89m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Reported Earnings • Feb 20
Full year 2024 earnings released: US$0.004 loss per share (vs US$0.011 loss in FY 2023) Full year 2024 results: US$0.004 loss per share (improved from US$0.011 loss in FY 2023). Revenue: US$23.0m (up 61% from FY 2023). Net loss: US$1.03m (loss narrowed 63% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance. Announcement • Jan 18
Gemilang International Limited, Annual General Meeting, Mar 14, 2025 Gemilang International Limited, Annual General Meeting, Mar 14, 2025. Announcement • Jan 07
Gemilang International Limited to Report Fiscal Year 2024 Results on Jan 17, 2025 Gemilang International Limited announced that they will report fiscal year 2024 results on Jan 17, 2025 Reported Earnings • Jul 25
First half 2024 earnings released: EPS: US$0.003 (vs US$0.001 in 1H 2023) First half 2024 results: EPS: US$0.003 (up from US$0.001 in 1H 2023). Revenue: US$8.81m (up 117% from 1H 2023). Net income: US$736.0k (up 183% from 1H 2023). Profit margin: 8.4% (up from 6.4% in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 26
First half 2024 earnings released: EPS: US$0.003 (vs US$0.001 in 1H 2023) First half 2024 results: EPS: US$0.003 (up from US$0.001 in 1H 2023). Revenue: US$8.81m (up 117% from 1H 2023). Net income: US$736.0k (up 183% from 1H 2023). Profit margin: 8.4% (up from 6.4% in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Announcement • Jun 13
Gemilang International Limited to Report First Half, 2024 Results on Jun 21, 2024 Gemilang International Limited announced that they will report first half, 2024 results on Jun 21, 2024 Recent Insider Transactions • May 22
Co-Founder recently bought HK$531k worth of stock On the 16th of May, Chong Yong Pang bought around 3m shares on-market at roughly HK$0.20 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Chong Yong has been a buyer over the last 12 months, purchasing a net total of HK$976k worth in shares. Recent Insider Transactions • May 11
Co-Founder recently bought HK$340k worth of stock On the 7th of May, Chong Yong Pang bought around 2m shares on-market at roughly HK$0.19 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Chong Yong's only on-market trade for the last 12 months. Board Change • Apr 02
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent & Non-Executive Director Andrew Ling was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Jan 28
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.2% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.2% operating cash flow to total debt). Earnings have declined by 52% per year over the past 5 years. Market cap is less than US$10m (HK$55.3m market cap, or US$7.08m). Reported Earnings • Jan 28
Full year 2023 earnings released: US$0.011 loss per share (vs US$0.005 loss in FY 2022) Full year 2023 results: US$0.011 loss per share (further deteriorated from US$0.005 loss in FY 2022). Revenue: US$14.3m (down 48% from FY 2022). Net loss: US$2.79m (loss widened 102% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Announcement • Jan 27
Gemilang International Limited, Annual General Meeting, Mar 22, 2024 Gemilang International Limited, Annual General Meeting, Mar 22, 2024. Announcement • Jan 18
Gemilang International Limited Provides Consolidated Earnings Guidance for the Year Ended 31 October 2023 Gemilang International Limited provided consolidated earnings guidance for the year ended 31 October 2023. The group is expected to record consolidated loss attributable to the equity owners of the company of approximately USD 3.00 million for the year ended 31 October 2023, which was increased by more than 100% as compared to the loss attributable to the equity owners of the company of approximately USD 1.38 million for the year ended 31 October 2022. Announcement • Jan 17
Gemilang International Limited to Report Fiscal Year 2023 Results on Jan 26, 2024 Gemilang International Limited announced that they will report fiscal year 2023 results on Jan 26, 2024 Reported Earnings • Jun 25
First half 2023 earnings released: EPS: US$0.001 (vs US$0 in 1H 2022) First half 2023 results: EPS: US$0.001 (up from US$0 in 1H 2022). Revenue: US$4.06m (down 71% from 1H 2022). Net income: US$260.0k (up 108% from 1H 2022). Profit margin: 6.4% (up from 0.9% in 1H 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. New Risk • Jun 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 0.3% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$79.2m market cap, or US$10.1m). Announcement • Jun 13
Gemilang International Limited to Report First Half, 2023 Results on Jun 23, 2023 Gemilang International Limited announced that they will report first half, 2023 results on Jun 23, 2023 Reported Earnings • Feb 21
Full year 2022 earnings released: US$0.005 loss per share (vs US$0.003 profit in FY 2021) Full year 2022 results: US$0.005 loss per share (down from US$0.003 profit in FY 2021). Revenue: US$27.5m (down 18% from FY 2021). Net loss: US$1.38m (down 267% from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Reported Earnings • Jan 14
Full year 2022 earnings released: US$0.005 loss per share (vs US$0.003 profit in FY 2021) Full year 2022 results: US$0.005 loss per share (down from US$0.003 profit in FY 2021). Revenue: US$27.5m (down 18% from FY 2021). Net loss: US$1.38m (down 267% from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Announcement • Jan 14
Gemilang International Limited, Annual General Meeting, Mar 17, 2023 Gemilang International Limited, Annual General Meeting, Mar 17, 2023. Announcement • Dec 31
Gemilang International Limited Provides Consolidated Earnings Guidance for the Year Ended 31 October 2022 The board of directors of Gemilang International Limited announced that based on the information currently available to the management of the Company and a preliminary review and assessment of the Group's latest unaudited consolidated management accounts for the year ended 31 October 2022, the Group is expected to record an unaudited consolidated loss attributable to the equity owners of the Company of not more than approximately $1.60 million for the Year, as compared with an audited consolidated profit attributable to the equity owners of the Company of approximately $0.82 million for the year ended 31 October 2021. Based on the information currently available to the Company, the expected loss attributable to the equity owners of the Company for the Year is primarily due to:- (i) the decline in revenue from sales of bus bodies and kits of approximately $8.64 million for the Year as compared to that for the year ended 31 October 2021 caused by the decrease in sales orders under the transition of business environment. The decrease in revenue from sales of bus bodies and kits was partially set-off by the increase in revenue from the sales of parts and provision of relevant services of approximately $2.58 million for the Year as compared to that for the year ended 31 October 2021; and (ii) the net allowance for impairment losses on trade receivables of approximately $0.56 million was recorded for the Year while the Group recorded the net reversal for impairment losses on trade receivables of approximately $0.64 million during the year ended 31 October 2021. The net allowance for impairment losses on trade receivables recognised during the Year was mainly due to the increase in overdue aging of trade receivables and uncertainty on the repayment of account receivables. Announcement • Nov 11
Gemilang International Limited Announces Board Changes The Board of Gemilang International Limited announced the following changes with effect from 10 November 2022: Ms. Kwok Yuen Shan Rosetta has resigned as an independent non-executiveDirector, the chairlady of the Remuneration Committee, and a member of each of the Audit Committee and the Nomination Committee; Ms. Lee Kit Ying has been appointed as a member of the Audit Committee; and Mr. Huan Yean San has been appointed as the chairman of the Remuneration Committee and a member of the Nomination Committee. Reported Earnings • Jun 26
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up US$114.0k from 1H 2021). Profit margin: (up from net loss in 1H 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings. Announcement • Jun 17
Gemilang International Limited Provides Consolidated Earnings Guidance for the Six Months Ended 30 April 2022 Gemilang International Limited provided consolidated earnings guidance for the six months ended 30 April 2022. For the period, the Group is expected to record profit attributable to the equity owners of not less than USD 0.10 million for the Reporting Period, as compared with a loss attributable to the equity owners of approximately USD 0.11 million recorded for the corresponding period in 2021. Announcement • Jun 15
Gemilang International Limited to Report First Half, 2022 Results on Jun 24, 2022 Gemilang International Limited announced that they will report first half, 2022 results on Jun 24, 2022 Announcement • Mar 31
Gemilang International Limited Approves Final Dividend for the Year Ended October 31, 2021 Gemilang International Limited approved the declaration and payment of a final dividend of HKD 0.015 per Share in its Annual General Meeting held on March 29, 2022. Upcoming Dividend • Mar 24
Upcoming dividend of HK$0.015 per share Eligible shareholders must have bought the stock before 31 March 2022. Payment date: 29 April 2022. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Hong Kong dividend payers (7.6%). Lower than average of industry peers (3.1%). Recent Insider Transactions • Mar 22
Insider recently bought HK$1.4m worth of stock On the 16th of March, Sun Phang bought around 2m shares on-market at roughly HK$0.68 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold HK$25m more in shares than they bought in the last 12 months. Announcement • Mar 02
Gemilang International Limited announced that it has received HKD 25 million in funding On February 28, 2022, Gemilang International Limited closed the transaction. Announcement • Jan 30
Gemilang International Limited, Annual General Meeting, Mar 29, 2022 Gemilang International Limited, Annual General Meeting, Mar 29, 2022. Reported Earnings • Jan 30
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$0.003 (up from US$0.002 in FY 2020). Revenue: US$33.5m (up 7.6% from FY 2020). Net income: US$824.0k (up 98% from FY 2020). Profit margin: 2.5% (up from 1.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Announcement • Jan 30
Gemilang International Limited Declares Final Dividend for the Year Ended October 31, 2021, Payable on April 29, 2022 Gemilang International Limited declared final dividend of HKD 0.015 per ordinary share for the year ended October 31, 2021. The record date is on April 04, 2022, ex-dividend date is on March 31, 2022 and payable date is on April 29, 2022. Date of shareholders' approval is on March 29, 2022. Announcement • Dec 15
Gemilang International Limited announced that it expects to receive HKD 25 million in funding Gemilang International Limited announced that it has signed a subscription agreement for the private placement of 4.25% coupon convertible bonds for the gross proceeds of HKD 25,000,000 on December 14, 2021. The transaction will include participation from Kan Suk Ping. The bonds are convertible into 25,000,000 shares at initial conversion price of HKD 1 per share representing approximately 9.95% of the issued share capital of the company as at the date of this announcement and approximately 9.05% of the issued share capital of the company as enlarged by the allotment. The bonds will bear interest of 4.25% per annum, payable on the maturity date. In the event of default the interest rate will be 6% per annum. The company will pay HKD 163,000 as issuance expenses in the transaction and will receive net proceeds of HKD 24,837,000. The bonds are issued at par. The bonds can be converted any time on or after the issue date up to the close of business on the date falling one business day prior to the maturity date or on the date of a bondholder redemption notice after an event of default under the convertible bond. The conversion price is subject to adjustment. Recent Insider Transactions • Nov 26
Insider recently sold HK$1.6m worth of stock On the 19th of November, Sun Phang sold around 2m shares on-market at roughly HK$0.65 per share. In the last 3 months, they made an even bigger sale worth HK$2.8m. Insiders have been net sellers, collectively disposing of HK$28m more than they bought in the last 12 months. Recent Insider Transactions • Oct 08
Insider recently bought HK$1.7m worth of stock On the 4th of October, Sun Phang bought around 3m shares on-market at roughly HK$0.57 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold HK$44m more in shares than they bought in the last 12 months. Recent Insider Transactions • Sep 14
Insider recently sold HK$1.1m worth of stock On the 9th of September, Sun Phang sold around 2m shares on-market at roughly HK$0.56 per share. In the last 3 months, they made an even bigger sale worth HK$5.0m. Insiders have been net sellers, collectively disposing of HK$58m more than they bought in the last 12 months. Recent Insider Transactions • Sep 08
Insider recently sold HK$2.8m worth of stock On the 3rd of September, Sun Phang sold around 5m shares on-market at roughly HK$0.58 per share. In the last 3 months, they made an even bigger sale worth HK$5.0m. Insiders have been net sellers, collectively disposing of HK$57m more than they bought in the last 12 months. Recent Insider Transactions • Aug 07
Insider recently sold HK$5.0m worth of stock On the 4th of August, Sun Phang sold around 8m shares on-market at roughly HK$0.60 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of HK$54m more than they bought in the last 12 months. Recent Insider Transactions • Jul 09
Insider recently sold HK$4.6m worth of stock On the 2nd of July, Sun Phang sold around 6m shares on-market at roughly HK$0.71 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of HK$49m more than they bought in the last 12 months. Announcement • Jun 12
Gemilang International Limited Provides Consolidated Earnings Guidance for the Six Months Ended April 30, 2021 Gemilang International Limited provided consolidated earnings guidance for the six months ended April 30, 2021. For the six months, the Group is expected loss attributable to equity owners of the Company of approximately USD 0.1 million is expected for the Reporting Period compared with a modest unaudited consolidated profit attributable to equity owners of the Company of approximately USD 0.3 million for the corresponding period in 2020. The expected decline for the Reporting Period is primarily due to the increase in provision for slow-moving inventories of approximately USD 0.3 million; and the increase in general and administrative expenses of approximately USD 0.4 million mainly due to an increase in short term employee benefits and legal and professional expenses of the Group, which were partially offset by the decrease in net allowance for impairment losses on trade receivables by approximately USD 0.1 million; and the decrease in tax expenses mainly due to recognition of deferred tax assets arising from the provisions for impairment losses on trade receivables and inventories. Recent Insider Transactions • May 11
Insider recently sold HK$302k worth of stock On the 4th of May, Sun Phang sold around 358k shares on-market at roughly HK$0.84 per share. In the last 3 months, they made an even bigger sale worth HK$4.2m. Insiders have been net sellers, collectively disposing of HK$43m more than they bought in the last 12 months. Recent Insider Transactions • May 05
Insider recently sold HK$1.1m worth of stock On the 28th of April, Sun Phang sold around 1m shares on-market at roughly HK$0.86 per share. In the last 3 months, they made an even bigger sale worth HK$4.2m. Insiders have been net sellers, collectively disposing of HK$43m more than they bought in the last 12 months. Recent Insider Transactions • Apr 30
Insider recently sold HK$3.0m worth of stock On the 23rd of April, Sun Phang sold around 4m shares on-market at roughly HK$0.87 per share. In the last 3 months, they made an even bigger sale worth HK$4.2m. Insiders have been net sellers, collectively disposing of HK$42m more than they bought in the last 12 months. Executive Departure • Apr 09
Independent Non-Executive Director has left the company On the 1st of April, Hiu Ping Wong's tenure as Independent Non-Executive Director ended after 4.4 years in the role. We don't have any record of a personal shareholding under Hiu Ping's name. A total of 4 executives have left over the last 12 months. Announcement • Mar 28
Gemilang International Limited Approves Special Dividend, Payable on April 26, 2021 Gemilang International Limited announced at the AGM to be held on March 26, 2021 that the company approved special dividend of HKD 0.04 per share. The Special Dividend are expected to be distributed on 26 April 2021. Recent Insider Transactions • Mar 27
Insider recently sold HK$979k worth of stock On the 22nd of March, Sun Phang sold around 1m shares on-market at roughly HK$0.90 per share. In the last 3 months, they made an even bigger sale worth HK$2.0m. Insiders have been net sellers, collectively disposing of HK$35m more than they bought in the last 12 months. Upcoming Dividend • Mar 23
Upcoming dividend of HK$0.05 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 April 2021. Trailing yield: 1.1%. Lower than top quartile of Hong Kong dividend payers (6.1%). Lower than average of industry peers (1.7%). Recent Insider Transactions • Mar 20
Insider recently sold HK$1.2m worth of stock On the 16th of March, Sun Phang sold around 1m shares on-market at roughly HK$0.90 per share. In the last 3 months, they made an even bigger sale worth HK$2.0m. Insiders have been net sellers, collectively disposing of HK$34m more than they bought in the last 12 months. Announcement • Jan 30
Gemilang International Limited, Annual General Meeting, Mar 26, 2021 Gemilang International Limited, Annual General Meeting, Mar 26, 2021. Agenda: To approve final dividend and special dividend. Announcement • Jan 20
Gemilang International Limited to Report Fiscal Year 2020 Results on Jan 29, 2021 Gemilang International Limited announced that they will report fiscal year 2020 results on Jan 29, 2021 Announcement • Jan 12
Gemilang International Limited Announces Board Changes The board of Gemilang International Limited announces that Mr. Phang Sun Wah ("Mr. Phang") has reached his retirement age and tendered his resignation from office as an executive Director and a director of certain subsidiaries of the Company with effect from 11 January 2021. Upon his resignation, Mr. Phang also ceased to act as the chairman of the Board and the chairman of the nomination committee of the Board (the "Nomination Committee"). Mr. Phang has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). The Board announced that with effect from 11 January 2021, Mr. Pang Chong Yong ("Mr. Pang"), an executive Director, member of the remuneration committee of the Board (the "Remuneration Committee") and chief executive officer of the Company (the "CEO"), has been appointed as the chairman of the Board and chairman of the Nomination Committee (the "Appointment") to fill up the vacancy due to Mr. Phang's resignation. No service contract is entered into between Mr. Pang and the Company for the Appointment and the remuneration of Mr. Pang remains unchanged. Announcement • Dec 10
Gemilang International Limited Announces Resignation of Phang Huey Shyan as Executive Director and Appoints to Act as Authorised Representative The board of directors of Gemilang International Limited announced that Ms. Phang Huey Shyan has tendered her resignation as an executive Director, chief corporate officer of the Group and director of certain subsidiaries of the Company with effect from 8 December 2020 as she wishes to devote more time to her other personal commitments. Following the resignation of Ms. Phang, she has also ceased to act as an authorised representative of the Company as required under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited from 8 December 2020. The Board announced that Mr. Pang Chong Yong, an executive Director, has been appointed as the Authorised Representative as required under Rule 3.05 of the Listing Rules with effect from 8 December 2020. Recent Insider Transactions • Dec 01
Co-Founder & Chairman of the Board recently sold HK$9.6m worth of stock On the 26th of November, Sun Phang sold around 10m shares on-market at roughly HK$1.00 per share. This was the largest sale by an insider in the last 3 months. Sun has been a seller over the last 12 months, reducing personal holdings by HK$30m. Recent Insider Transactions • Nov 06
Co-Founder & Chairman of the Board recently bought HK$537k worth of stock On the 3rd of November, Sun Phang bought around 632k shares on-market at roughly HK$0.85 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Sun has been a net seller over the last 12 months, reducing personal holdings by HK$16m. Recent Insider Transactions • Oct 29
Co-Founder & Chairman of the Board recently sold HK$3.3m worth of stock On the 21st of October, Sun Phang sold around 3m shares on-market at roughly HK$1.00 per share. In the last 3 months, they made an even bigger sale worth HK$5.6m. Sun has been a seller over the last 12 months, reducing personal holdings by HK$17m. Recent Insider Transactions • Oct 10
Co-Founder & Chairman of the Board recently sold HK$5.6m worth of stock On the 7th of October, Sun Phang sold around 5m shares on-market at roughly HK$1.10 per share. This was the largest sale by an insider in the last 3 months. Sun has been a seller over the last 12 months, reducing personal holdings by HK$12m. Is New 90 Day High Low • Oct 06
New 90-day high: HK$1.07 The company is up 19% from its price of HK$0.90 on 08 July 2020. The Hong Kong market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 13% over the same period.