CTF Services Future Growth
Future criteria checks 2/6
CTF Services is forecast to grow earnings and revenue by 14% and 3.6% per annum respectively. EPS is expected to grow by 10.9% per annum. Return on equity is forecast to be 7.4% in 3 years.
Key information
14.0%
Earnings growth rate
10.91%
EPS growth rate
| Industrials earnings growth | 8.0% |
| Revenue growth rate | 3.6% |
| Future return on equity | 7.40% |
| Analyst coverage | Low |
| Last updated | 06 Aug 2026 |
Recent future growth updates
Recent updates
Narrative Update • Jun 24
659: New Master Agreements And Meeting Timeline Will Support Stronger Shares
Analysts have nudged the CTF Services price target slightly higher to HK$10.80, reflecting updated assumptions for the discount rate and future P/E while keeping fair value, revenue growth, and profit margin estimates unchanged. What's in the News CTF Services has scheduled a Special and Extraordinary Shareholders Meeting for Jun 22, 2026, at 11:00 China Standard Time at the Hong Kong Convention and Exhibition Centre, meeting room n101, expo drive entrance.Narrative Update • Jun 04
659: Revised Fair Value And Upcoming Meeting Will Support Stronger Share Performance
Analysts have adjusted their price target for CTF Services to HK$10.80 from HK$10.73, reflecting updated assumptions around the discount rate, revenue growth, profit margin and future P/E. What's in the News CTF Services has scheduled a special or extraordinary shareholders meeting for June 22, 2026, at 11:00 China Standard Time.Narrative Update • May 03
659: Interim Dividend Timetable Will Support Stronger Future Share Performance
Analysts have trimmed their price target for CTF Services slightly to HK$10.73 from HK$10.80. This reflects updated assumptions around discount rate, revenue growth, profit margin and future P/E that fine tune their valuation inputs rather than signal a major shift in view.Narrative Update • Apr 18
659: Interim Dividend Visibility Will Support Stronger Future Share Performance
Analysts have nudged their fair value target for CTF Services to HK$10.80, a change supported by a slightly lower discount rate and forward P/E assumptions that reflect updated views on the company’s risk profile and earnings outlook. What's in the News CTF Services declared an interim dividend of HK$0.28 per share for the six months ended 31 December 2025, providing clear visibility on the upcoming cash distribution schedule (Key Developments).Narrative Update • Apr 03
659: Interim Dividend Visibility Will Support Stronger Future Share Performance
Analysts have trimmed their HK$10.80 price target for CTF Services slightly, reflecting modest adjustments to the discount rate and assumed future P/E, while leaving fair value, revenue growth and profit margin assumptions effectively unchanged. What's in the News CTF Services declared an interim dividend of HK$0.28 per share for the six months ended 31 December 2025, giving shareholders clear visibility on the upcoming cash payout if they hold shares through the key dates (Key Developments).Narrative Update • Mar 20
659: Interim Dividend Strength Will Support Stronger Future Share Performance
Analysts have adjusted their HK$ price target for CTF Services to reflect updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E, resulting in a modest upward revision to the valuation. What's in the News CTF Services declared an interim dividend of HK$0.28 per share for the six months ended 31 December 2025, with a record date of 20 March 2026, an ex dividend date of 18 March 2026, and a payment date of 9 April 2026 (Key Developments).Narrative Update • Mar 04
659: Higher Dividend Outlook Will Support Stronger Future Share Performance
Analysts have lifted their HK$ price target for CTF Services, reflecting updated inputs that include a fair value estimate of HK$10.53, a discount rate of 9.16%, revenue growth of 4.00%, a profit margin of 13.13%, and a forward P/E of 16.94x. What's in the News CTF Services declared an interim dividend of HK$0.28 per share for the six months ended 31 December 2025, with a record date of 20 March 2026, an ex dividend date of 18 March 2026, and a payment date of 9 April 2026 (company announcement).Analysis Article • Jan 07
Subdued Growth No Barrier To CTF Services Limited's (HKG:659) Price
When close to half the companies in Hong Kong have price-to-earnings ratios (or "P/E's") below 12x, you may consider...Narrative Update • Jan 06
659: Refined Assumptions Will Support Stronger Future Share Performance
Analysts have adjusted their price target on CTF Services slightly, citing small refinements to the discount rate, revenue growth, profit margin and future P/E assumptions that together support a modestly updated fair value view around US$9.18. Valuation Changes Fair Value: Held steady at around US$9.18 per share, with no material change in the underlying estimate.Narrative Update • Dec 17
659: Upcoming Stock Split Will Support Stronger Future Share Performance
Analysts have nudged their price target for CTF Services slightly higher to reflect a modest uplift in fair value and forward valuation multiples, partly offset by slightly softer revenue growth and profit margin assumptions. What's in the News Announced a stock split or significant stock dividend at a ratio of 1.1000011 to 1, effective November 20, 2025 (Key Developments).Narrative Update • Dec 03
659: Future Dividend And Stock Split Will Drive Outperformance
Analysts have trimmed their price target on CTF Services by approximately $0.92. This reflects slightly higher perceived risk in the discount rate, while expectations for revenue growth, profit margins, and future valuation multiples remain largely unchanged.Narrative Update • Nov 19
659: Greater Profit Margins Will Drive Outperformance Ahead Of September Board Meeting
Analysts have raised their price target for CTF Services from $9.77 to $10.07, citing incremental improvements in key financial metrics such as growth and margins. What's in the News CTF Services Limited has scheduled a Board Meeting on September 24, 2025 to consider approving interim results for the six months ended June 30, 2025.Narrative Update • Sep 28
Life Insurance And Logistics Acquisitions Will Diversify Future Income Streams
Despite a sharp downgrade in revenue growth forecasts and a higher future P/E ratio indicating increased valuation risk, the consensus analyst price target for CTF Services has edged up from HK$9.47 to HK$9.77. What's in the News Board meeting scheduled to approve interim results for the six months ended 30 June 2025 and to consider recommending a final dividend.
New Narrative • Feb 09
Life Insurance And Logistics Acquisitions Will Diversify Future Income Streams
Strategic acquisitions and expansions in logistics are expected to enhance revenue and margins through value-accretive growth in insurance and logistics sectors.Analysis Article • Oct 17
Here's Why We Think NWS Holdings (HKG:659) Is Well Worth Watching
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • May 31
Does NWS Holdings (HKG:659) Have A Healthy Balance Sheet?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Analysis Article • Feb 24
NWS Holdings (HKG:659) Has A Somewhat Strained Balance Sheet
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Nov 11
NWS Holdings (HKG:659) Is Paying Out A Larger Dividend Than Last Year
NWS Holdings Limited ( HKG:659 ) will increase its dividend from last year's comparable payment on the 16th of December...Analysis Article • Oct 22
We Think NWS Holdings (HKG:659) Is Taking Some Risk With Its Debt
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • May 09
NWS Holdings (HKG:659) Has Debt But No Earnings; Should You Worry?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Dec 21
NWS Holdings (HKG:659) Has Debt But No Earnings; Should You Worry?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Nov 23
NWS Holdings (HKG:659) Will Pay A Larger Dividend Than Last Year At HK$0.30
NWS Holdings Limited ( HKG:659 ) has announced that it will be increasing its dividend on the 20th of December to...Analysis Article • Oct 07
NWS Holdings (HKG:659) Is Increasing Its Dividend To HK$0.30
The board of NWS Holdings Limited ( HKG:659 ) has announced that it will be increasing its dividend on the 20th of...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 6/30/2028 | 27,252 | 3,373 | 23,393 | 24,043 | 3 |
| 6/30/2027 | 26,164 | 3,082 | 23,657 | 24,307 | 3 |
| 6/30/2026 | 25,190 | 2,697 | 29,564 | 30,214 | 3 |
| 12/31/2025 | 25,002 | 2,339 | 1,484 | 2,208 | N/A |
| 9/30/2025 | 24,644 | 2,250 | 2,359 | 2,962 | N/A |
| 6/30/2025 | 24,285 | 2,162 | 3,233 | 3,716 | N/A |
| 3/31/2025 | 24,419 | 2,198 | 3,524 | 3,992 | N/A |
| 12/31/2024 | 24,553 | 2,233 | 3,816 | 4,269 | N/A |
| 9/30/2024 | 25,487 | 2,210 | 2,887 | 3,359 | N/A |
| 6/30/2024 | 26,422 | 2,187 | 1,958 | 2,449 | N/A |
| 3/31/2024 | 27,208 | 1,946 | 2,958 | 3,400 | N/A |
| 12/31/2023 | 27,994 | 1,705 | 3,957 | 4,351 | N/A |
| 9/30/2023 | 27,558 | 1,638 | 4,363 | 4,818 | N/A |
| 6/30/2023 | 27,121 | 1,571 | 4,769 | 5,285 | N/A |
| 3/31/2023 | 27,531 | 1,320 | 3,470 | 4,035 | N/A |
| 12/31/2022 | 27,940 | 1,068 | 2,172 | 2,785 | N/A |
| 9/30/2022 | 29,539 | 1,176 | 3,128 | 3,667 | N/A |
| 6/30/2022 | 31,139 | 1,285 | 4,083 | 4,548 | N/A |
| 3/31/2022 | 30,704 | 1,548 | 3,090 | 3,525 | N/A |
| 12/31/2021 | 30,269 | 1,811 | 2,097 | 2,502 | N/A |
| 9/30/2021 | 29,233 | 1,484 | 795 | 1,200 | N/A |
| 6/30/2021 | 28,197 | 1,157 | -507 | -103 | N/A |
| 3/31/2021 | 26,879 | 469 | -389 | 22 | N/A |
| 12/31/2020 | 25,561 | -219 | -271 | 146 | N/A |
| 9/30/2020 | 24,087 | 159 | -3,231 | -41 | N/A |
| 6/30/2020 | 22,612 | 537 | -6,191 | -229 | N/A |
| 3/31/2020 | 23,271 | 1,801 | -6,055 | -78 | N/A |
| 12/31/2019 | 23,929 | 3,065 | -5,919 | 72 | N/A |
| 9/30/2019 | 25,381 | 3,554 | N/A | 1,095 | N/A |
| 6/30/2019 | 26,834 | 4,043 | N/A | 2,117 | N/A |
| 3/31/2019 | 29,030 | 4,954 | N/A | 3,399 | N/A |
| 12/31/2018 | 31,226 | 5,865 | N/A | 4,682 | N/A |
| 9/30/2018 | 33,170 | 5,967 | N/A | 4,555 | N/A |
| 6/30/2018 | 35,115 | 6,069 | N/A | 4,429 | N/A |
| 3/31/2018 | 35,365 | 5,788 | N/A | 4,077 | N/A |
| 12/31/2017 | 35,616 | 5,507 | N/A | 3,726 | N/A |
| 9/30/2017 | 33,500 | 5,568 | N/A | 3,342 | N/A |
| 6/30/2017 | 31,385 | 5,629 | N/A | 2,958 | N/A |
| 3/31/2017 | 30,252 | 5,394 | N/A | 2,903 | N/A |
| 12/31/2016 | 29,119 | 5,159 | N/A | 2,847 | N/A |
| 9/30/2016 | 29,309 | 5,036 | N/A | 3,220 | N/A |
| 6/30/2016 | 29,498 | 4,913 | N/A | 3,594 | N/A |
| 3/31/2016 | 28,120 | 4,870 | N/A | 3,598 | N/A |
| 12/31/2015 | 26,742 | 4,828 | N/A | 3,603 | N/A |
| 9/30/2015 | 25,617 | 4,653 | N/A | 3,199 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 659's forecast earnings growth (14% per year) is above the savings rate (3.1%).
Earnings vs Market: 659's earnings (14% per year) are forecast to grow faster than the Hong Kong market (11.8% per year).
High Growth Earnings: 659's earnings are forecast to grow, but not significantly.
Revenue vs Market: 659's revenue (3.6% per year) is forecast to grow slower than the Hong Kong market (8.7% per year).
High Growth Revenue: 659's revenue (3.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 659's Return on Equity is forecast to be low in 3 years time (7.4%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/20 09:30 |
| End of Day Share Price | 2026/08/20 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
CTF Services Limited is covered by 14 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mandy Qu | BofA Global Research |
| Tak-Hei Chau | Citigroup Inc |
| Ming Jie Kiang | CLSA |