659 Stock Overview

An investment holding company, operates in the toll roads, construction, insurance, logistics, and facilities management businesses in Hong Kong, Mainland China, and internationally. More details

659 fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	2/6
Past Performance	3/6
Financial Health	3/6
Dividends	3/6

Rewards

Trading at 89.7% below our estimate of its fair value

Earnings are forecast to grow 13.92% per year

Earnings grew by 39.2% over the past year

Analysts in good agreement that stock price will rise by 27%

Risk Analysis

Dividend of 8.69% is not well covered by earnings or free cash flows

Shareholders have been diluted in the past year

Large one-off items impacting financial results

My Notes

Capture your thoughts, links and company narrative

CTF Services Limited Competitors

Fosun International

SEHK:656

HK$38.0b

Guoco Group

SEHK:53

HK$23.1b

Shanghai Industrial Holdings

SEHK:363

HK$12.8b

Swire Pacific

SEHK:19

HK$88.6b

Price History & Performance

Summary of share price highs, lows and changes for CTF Services
Historical stock prices
Current Share Price	HK$7.48
52 Week High	HK$9.26
52 Week Low	HK$6.28
Beta	0.44
1 Month Change	-1.19%
3 Month Change	-7.65%
1 Year Change	2.05%
3 Year Change	2.33%
5 Year Change	-32.61%
Change since IPO	-65.21%

Recent updates

Does NWS Holdings Limited (HKG:659) Have A Place In Your Dividend Stock Portfolio?

Apr 07

Health Check: How Prudently Does NWS Holdings (HKG:659) Use Debt?

Mar 11

Are Institutions Heavily Invested In NWS Holdings Limited's (HKG:659) Shares?

Feb 15

We Think NWS Holdings's (HKG:659) Statutory Profit Might Understate Its Earnings Potential

Jan 18

Would Shareholders Who Purchased NWS Holdings' (HKG:659) Stock Three Years Be Happy With The Share price Today?

Dec 22

How Does NWS Holdings Limited (HKG:659) Fare As A Dividend Stock?

Dec 01

Shareholder Returns

	659	HK Industrials	HK Market
7D	-2.1%	1.7%	1.5%
1Y	2.0%	10.2%	20.6%

Return vs Industry: 659 underperformed the Hong Kong Industrials industry which returned 10.2% over the past year.

Return vs Market: 659 underperformed the Hong Kong Market which returned 20.6% over the past year.

Price Volatility

Is 659's price volatile compared to industry and market?
659 volatility
659 Average Weekly Movement	3.9%
Industrials Industry Average Movement	6.0%
Market Average Movement	8.8%
10% most volatile stocks in HK Market	18.6%
10% least volatile stocks in HK Market	4.0%

Stable Share Price: 659 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: 659's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1996	13,200	Brian Cheng	www.ctfs.com.hk

CTF Services Limited, an investment holding company, operates in the toll roads, construction, insurance, logistics, and facilities management businesses in Hong Kong, Mainland China, and internationally. It engages in the development, investment, and operation of toll roads; investment and management of various logistics projects; development of rail container terminal; management and operation of venues for exhibitions, conventions, meetings, entertainment events, banquets and catering events, etc., as well as Gleneagles hospital Hong Kong; and retail of duty-free tobacco, liquor, perfume, cosmetics, package food, and general merchandise. The company also offers general contracting, construction management, and civil engineering and foundation works services for the residential, commercial, governmental, and institutional sectors; and diversified insurance and financial planning products and services, including life insurance, medical insurance, critical illness insurance, personal accident insurance, saving insurance plans, annuities, and investment-linked assurance schemes for individuals and institutions.

CTF Services Limited Fundamentals Summary

How do CTF Services's earnings and revenue compare to its market cap?
659 fundamental statistics
Market cap	HK$29.90b
Earnings (TTM)	HK$2.19b
Revenue (TTM)	HK$26.42b

13.7x

P/E Ratio

1.1x

P/S Ratio

Is 659 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
659 income statement (TTM)
Revenue	HK$26.42b
Cost of Revenue	HK$22.49b
Gross Profit	HK$3.94b
Other Expenses	HK$1.75b
Earnings	HK$2.19b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.55
Gross Margin	14.90%
Net Profit Margin	8.28%
Debt/Equity Ratio	68.9%

How did 659 perform over the long term?

See historical performance and comparison

Dividends

8.7%

Current Dividend Yield

117%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/26 16:57
End of Day Share Price	2024/12/24 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 .

Analyst Sources

CTF Services Limited is covered by 16 analysts. 4 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
Yiu Kei Tung	BNP Paribas Securities (Asia)
Peter Yao	BOCI Research Ltd.
Mandy Qu	BofA Global Research

659 Stock Overview

Rewards

Risk Analysis

CTF Services Limited Competitors

SEHK:656

HK$38.0b

SEHK:53

HK$23.1b

SEHK:363

HK$12.8b

SEHK:19

HK$88.6b

Price History & Performance

Recent News & Updates

NWS Holdings Limited Approves the Final Dividend for the Financial Year Ended 30 June 2024

Upcoming dividend of HK$0.35 per share

Price target increased by 9.2% to HK$9.50

NWS Holdings Limited Announces Resignation of Cheng Chi Kong, Adrian as Non-Executive Director

Full year 2024 earnings: EPS and revenues miss analyst expectations

NWS Holdings Limited, Annual General Meeting, Nov 22, 2024

Recent updates

NWS Holdings Limited Approves the Final Dividend for the Financial Year Ended 30 June 2024

Upcoming dividend of HK$0.35 per share

Price target increased by 9.2% to HK$9.50

NWS Holdings Limited Announces Resignation of Cheng Chi Kong, Adrian as Non-Executive Director

Full year 2024 earnings: EPS and revenues miss analyst expectations

NWS Holdings Limited, Annual General Meeting, Nov 22, 2024

Avolta AG (SWX:AVOL) agreed to acquire Sky Connection Limited from NWS Holdings Limited (SEHK:659).

JOST Werke SE (XTRA:JST) signs exclusivity agreement to acquire Hyva Global B.V. from NWS Holdings Limited (SEHK:659) and Unitas Capital Pte. Ltd.

NWS Holdings Limited to Report Fiscal Year 2024 Results on Sep 25, 2024

NWS Holdings Limited (SEHK:659) agreed to acquire Hsin Chong Aster Building Services Limited from Mr. Wong Yu Ming and Chow Tai Fook Capital Limited for approximately 540 million.

New minor risk - Shareholder dilution

First half 2024 earnings released: EPS: HK$0.28 (vs HK$0.25 in 1H 2023)

Price target increased by 11% to HK$8.45

Investor sentiment improves as stock rises 20%

Upcoming dividend of HK$2.09 per share

First half 2024 earnings released: EPS: HK$0.28 (vs HK$0.30 in 1H 2023)

Now 25% overvalued after recent price rise

NWS Holdings Limited to Report Q2, 2024 Results on Feb 27, 2024

NWS Holdings Limited Announces Chief Executive Officers Changes

Investor sentiment deteriorates as stock falls 19%

Price target decreased by 25% to HK$8.00

Nws Holdings Limited Approves Final Dividend for the Financial Year End 30 June 2023

Upcoming dividend of HK$0.31 per share at 6.5% yield

NWS Holdings Limited, Annual General Meeting, Nov 10, 2023

Here's Why We Think NWS Holdings (HKG:659) Is Well Worth Watching

Consensus revenue estimates increase by 36%, EPS downgraded

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

NWS Holdings Limited to Report Fiscal Year 2023 Results on Sep 29, 2023

Chow Tai Fook Enterprises Limited made an offer to acquire additional 96.955655% stake in NWS Holdings Limited (SEHK:659) from New World Development Company Limited (SEHK:17) and others for HKD 34.6 billion.

Investor sentiment improves as stock rises 21%

Does NWS Holdings (HKG:659) Have A Healthy Balance Sheet?

Price target decreased by 12% to HK$8.60

Upcoming dividend of HK$0.30 per share at 8.7% yield

NWS Holdings (HKG:659) Has A Somewhat Strained Balance Sheet

First half 2023 earnings released: EPS: HK$0.30 (vs HK$0.31 in 1H 2022)

NWS Holdings Limited to Report First Half, 2023 Results on Feb 23, 2023

NWS Holdings Limited Approves Final Dividend for the Financial Year Ended 30 June 2022

Upcoming dividend of HK$0.31 per share

NWS Holdings (HKG:659) Is Paying Out A Larger Dividend Than Last Year

We Think NWS Holdings (HKG:659) Is Taking Some Risk With Its Debt

NWS Holdings Limited, Annual General Meeting, Nov 21, 2022

NWS Holdings Limited Announces Ordinary Final Dividend for the Year Ended 30 June 2022, Payment Date 16 December 2022

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

NWS Holdings Limited to Report Q4, 2022 Results on Sep 30, 2022

Nws Holdings Limited Provides Earnings Guidance for the Financial Year Ended 30 June 2022

Price target increased to HK$9.70

NWS Holdings Limited Announces Resignation of Cheung Chin Cheung as Executive Director

NWS Holdings (HKG:659) Has Debt But No Earnings; Should You Worry?

Price target decreased to HK$8.97

Upcoming dividend of HK$0.30 per share

First half 2022 earnings: EPS and revenues miss analyst expectations

NWS Holdings Limited Declares Interim Dividend for Six Months Ended December 31, 2021, Payable on April 7, 2022

NWS Holdings Limited to Report First Half, 2022 Results on Feb 25, 2022

NWS Holdings Limited Provides Group Earnings Guidance for the Six Months Ended 31 December 2021

NWS Holdings (HKG:659) Has Debt But No Earnings; Should You Worry?

NWS Holdings (HKG:659) Will Pay A Larger Dividend Than Last Year At HK$0.30

Upcoming dividend of HK$0.30 per share

NWS Holdings (HKG:659) Is Increasing Its Dividend To HK$0.30

Full year 2021 earnings released: EPS HK$0.30 (vs HK$0.065 in FY 2020)