Buy Or Sell Opportunity • May 06
Now 32% overvalued after recent price rise Over the last 90 days, the stock has risen 104% to HK$0.098. The fair value is estimated to be HK$0.074, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company became loss making. New Risk • Apr 30
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 18% 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 (8.1% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 51% per year over the past 5 years. Market cap is less than US$10m (HK$62.4m market cap, or US$7.97m). Buy Or Sell Opportunity • Dec 18
Now 37% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.0% to HK$0.046. The fair value is estimated to be HK$0.073, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company became loss making. New Risk • Dec 17
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 20% 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 (8.1% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 51% per year over the past 5 years. Market cap is less than US$10m (HK$51.2m market cap, or US$6.58m). Reported Earnings • Nov 29
First half 2026 earnings released: HK$0.025 loss per share (vs HK$0.011 profit in 1H 2025) First half 2026 results: HK$0.025 loss per share (down from HK$0.011 profit in 1H 2025). Revenue: HK$178.2m (down 24% from 1H 2025). Net loss: HK$20.1m (down 324% from profit in 1H 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Announcement • Nov 22
Chi Ho Development Holdings Limited Provides Group Earnings Guidance for the Six Months Ended September 30, 2025 Chi Ho Development Holdings Limited provided group earnings guidance for the six months ended September 30, 2025. For the period, based on the preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 September 2025 by the Board and the information currently available to the Board, the Group expects to record a consolidated net loss in the range between HKD 20 million and HKD 21 million for the six months ended 30 September 2025, as compared to the consolidated net profit of approximately HKD 9.0 million for the six months ended 30 September 2024. Based on the information currently available, the Board considers that the consolidated net loss for the six months ended 30 September 2025 was mainly attributable to (i) the allowance recognised under expected credit loss model on loan to a joint venture of approximately HKD 14 million; (ii) the allowance recognised under expected credit loss model on trade receivables and contract assets of approximately HKD 2 million; and (iii) decrease in gross profit which was mainly driven by the decrease in revenue from mixed projects and alteration and additional works, and fitting-out works. Announcement • Nov 14
Chi Ho Development Holdings Limited to Report First Half, 2026 Results on Nov 27, 2025 Chi Ho Development Holdings Limited announced that they will report first half, 2026 results on Nov 27, 2025 Announcement • Jun 30
Chi Ho Development Holdings Limited, Annual General Meeting, Jul 24, 2025 Chi Ho Development Holdings Limited, Annual General Meeting, Jul 24, 2025, at 10:30 China Standard Time. Location: units 901, 902 and 908, 9/f, magnet place tower 1, 77-81 container port road, kwai chung, new territories, Hong Kong Reported Earnings • Jun 30
Full year 2025 earnings released: HK$0.015 loss per share (vs HK$0.013 profit in FY 2024) Full year 2025 results: HK$0.015 loss per share (down from HK$0.013 profit in FY 2024). Revenue: HK$497.5m (up 41% from FY 2024). Net loss: HK$12.3m (down 222% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 31% per year whereas the company’s share price has fallen by 29% per year. Announcement • Jun 21
Chi Ho Development Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 March 2025 Chi Ho Development Holdings Limited provided unaudited consolidated earnings guidance for the year ended 31 March 2025. For the period, the company expects to record a consolidated net loss in the range between HKD 12 million and HKD 13 million for the year ended 31 March 2025, as compared to the consolidated net profit of approximately HKD 10.1 million for the year ended 31 March 2024. The consolidated net loss for the year ended 31 March 2025 was mainly attributable to (i) the impairment loss on interest in a joint venture of approximately HKD 16 million and (ii) decrease in gross profit from fitting-out works. New Risk • Jun 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. 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 Risks Earnings have declined by 16% per year over the past 5 years. Market cap is less than US$10m (HK$34.4m market cap, or US$4.38m). Minor Risks High level of debt (55% net debt to equity). Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Announcement • Jun 06
Chi Ho Development Holdings Limited to Report Fiscal Year 2025 Results on Jun 27, 2025 Chi Ho Development Holdings Limited announced that they will report fiscal year 2025 results on Jun 27, 2025 Board Change • Dec 30
High number of new directors Independent Non-Executive Director Wing Shan Ho was the last director to join the board, commencing their role in 2024. Announcement • Dec 03
Chi Ho Development Holdings Limited Appoints Ms. Ho Wing Shan as an Independent Non-Executive Director and Member of the Nomination Committee, Effective 2 December 2024 Chi Ho Development Holdings Limited appointed Ms. Ho Wing Shan as an independent non-executive Director and a member of the nomination committee of the Company, with effect from 2 December 2024. Ms. Ho, Aged 52, Has over 15 Years of Professional Experience in the Banking Industry. from March 2001 to July 2003, Ms. Ho Worked as A Client Service Assistant At Citigroup Global Markets Inc. from August 2003 to September 2005, She Joined the Greater China Team of Ubs Group Ag as A Marketing Assistant. from September 2005 to December 2008, Ms. Ho Became the Assistant Relationship Manager of Credit Suisse Group Ag. from April 2009 to June 2016, She Served as an Associate Director At Bank Julius Baer & Co. Limited, Where She Mainly Provided Professional Banking Services Including But Not Limited to Handling Clients' Administrative Inquiries and Credit Applications. Ms. Ho Serves as the Non-Executive Director of Harbour Equine Holdings Limited (Stock Code: 8377) Since September 2024 and the Non-Executive Director of I-Control Holdings Limited (Stock Code: 1402) Since October 2024. Ms. Ho Obtained A Bachelor of Arts with A Major in Economics from the University of Regina in 1994. She Is Currently Licensed by the Securities and Futures Commission to Act as A Licensed Representative to Carry Out Type 1 (Dealing in Securities) and Type 4 (Advising on Securities) Regulated Activities Under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (The "Sfo") with Upbest Securities Company Limited. Following the appointment of Ms. Ho as an independent non-executive Director of the Company, Ms. Ho is also appointed as a member of the Nomination Committee with effect from the same date. Reported Earnings • Dec 02
First half 2025 earnings released: EPS: HK$0.011 (vs HK$0.008 in 1H 2024) First half 2025 results: EPS: HK$0.011 (up from HK$0.008 in 1H 2024). Revenue: HK$235.8m (up 67% from 1H 2024). Net income: HK$9.01m (up 48% from 1H 2024). Profit margin: 3.8% (down from 4.3% in 1H 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 40% per year, which means it is performing significantly worse than earnings. Announcement • Nov 11
Chi Ho Development Holdings Limited to Report First Half, 2025 Results on Nov 28, 2024 Chi Ho Development Holdings Limited announced that they will report first half, 2025 results on Nov 28, 2024 Announcement • Jun 25
Chi Ho Development Holdings Limited, Annual General Meeting, Jul 25, 2024 Chi Ho Development Holdings Limited, Annual General Meeting, Jul 25, 2024. Reported Earnings • Jun 24
Full year 2024 earnings released: EPS: HK$0.013 (vs HK$0.017 in FY 2023) Full year 2024 results: EPS: HK$0.013 (down from HK$0.017 in FY 2023). Revenue: HK$352.9m (up 4.5% from FY 2023). Net income: HK$10.1m (down 25% from FY 2023). Profit margin: 2.9% (down from 4.0% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has fallen by 40% per year, which means it is performing significantly worse than earnings. Announcement • Jun 08
Chi Ho Development Holdings Limited to Report Fiscal Year 2024 Results on Jun 21, 2024 Chi Ho Development Holdings Limited announced that they will report fiscal year 2024 results on Jun 21, 2024 New Risk • May 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. 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 Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Earnings have declined by 14% per year over the past 5 years. Market cap is less than US$10m (HK$48.0m market cap, or US$6.15m). Minor Risk Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Recent Insider Transactions • Dec 29
Chairman recently bought HK$62k worth of stock On the 21st of December, Ka Ho Leung bought around 890k shares on-market at roughly HK$0.07 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$76k. Ka Ho has been a buyer over the last 12 months, purchasing a net total of HK$581k worth in shares. Recent Insider Transactions • Dec 15
Chairman recently bought HK$72k worth of stock On the 11th of December, Ka Ho Leung bought around 1m shares on-market at roughly HK$0.068 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$76k. Ka Ho has been a buyer over the last 12 months, purchasing a net total of HK$519k worth in shares. New Risk • Nov 18
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% 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 (11% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 14% per year over the past 5 years. Market cap is less than US$10m (HK$52.8m market cap, or US$6.77m). Announcement • Oct 28
Chi Ho Development Holdings Limited to Report Q2, 2024 Results on Nov 10, 2023 Chi Ho Development Holdings Limited announced that they will report Q2, 2024 results on Nov 10, 2023 Recent Insider Transactions • Oct 11
Executive Director recently bought HK$70k worth of stock On the 6th of October, Chi Kwan Ho bought around 1m shares on-market at roughly HK$0.07 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$86k. Insiders have collectively bought HK$1.4m more in shares than they have sold in the last 12 months. New Risk • Oct 05
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 15% 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 Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 13% per year over the past 5 years. Market cap is less than US$10m (HK$68.0m market cap, or US$8.69m). Recent Insider Transactions • Sep 09
Executive Director recently bought HK$57k worth of stock On the 4th of September, Chi Kwan Ho bought around 500k shares on-market at roughly HK$0.11 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$86k. Insiders have collectively bought HK$1.8m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Aug 26
Executive Director recently bought HK$86k worth of stock On the 22nd of August, Chi Kwan Ho bought around 1m shares on-market at roughly HK$0.062 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. Insiders have collectively bought HK$1.7m more in shares than they have sold in the last 12 months. New Risk • Aug 22
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 Earnings have declined by 13% per year over the past 5 years. Market cap is less than US$10m (HK$55.2m market cap, or US$7.04m). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Recent Insider Transactions • Aug 18
Chairman recently bought HK$72k worth of stock On the 14th of August, Ka Ho Leung bought around 1m shares on-market at roughly HK$0.054 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. Ka Ho has been a buyer over the last 12 months, purchasing a net total of HK$250k worth in shares. Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: HK$0.001 (vs HK$0.005 in 1Q 2023) First quarter 2024 results: EPS: HK$0.001 (down from HK$0.005 in 1Q 2023). Revenue: HK$64.4m (down 24% from 1Q 2023). Net income: HK$1.02m (down 74% from 1Q 2023). Profit margin: 1.6% (down from 4.6% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings. Announcement • Jul 24
Chi Ho Development Holdings Limited to Report Q1, 2024 Results on Aug 10, 2023 Chi Ho Development Holdings Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Recent Insider Transactions • Jul 04
Chairman recently bought HK$54k worth of stock On the 27th of June, Ka Ho Leung bought around 1m shares on-market at roughly HK$0.054 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. Ka Ho has been a buyer over the last 12 months, purchasing a net total of HK$136k worth in shares. Reported Earnings • Jun 22
Full year 2023 earnings released: EPS: HK$0.017 (vs HK$0.01 in FY 2022) Full year 2023 results: EPS: HK$0.017 (up from HK$0.01 in FY 2022). Revenue: HK$337.7m (up 31% from FY 2022). Net income: HK$13.4m (up 67% from FY 2022). Profit margin: 4.0% (up from 3.1% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings. Announcement • Jun 22
Chi Ho Development Holdings Limited, Annual General Meeting, Aug 10, 2023 Chi Ho Development Holdings Limited, Annual General Meeting, Aug 10, 2023. Announcement • Jun 13
Chi Ho Development Holdings Limited Provides Unaudited Consolidated Financial Guidance of the Group for the Year Ended 31 March 2023 Chi Ho Development Holdings Limited provided unaudited consolidated financial guidance of the Group for the year ended 31 March 2023. The Group is expected to record a consolidated net profit in the range between HKD 10.0 million and HKD 13.0 million for the year ended 31 March 2023, as compared to the consolidated net profit of approximately HKD 8.0 million for the year ended 31 March 2022. Announcement • Jun 07
Chi Ho Development Holdings Limited to Report Fiscal Year 2023 Results on Jun 21, 2023 Chi Ho Development Holdings Limited announced that they will report fiscal year 2023 results on Jun 21, 2023 Buying Opportunity • May 31
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be HK$0.062, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10.0% over the last 3 years. Earnings per share has declined by 24%. Recent Insider Transactions • Mar 24
Executive Director recently bought HK$163k worth of stock On the 22nd of March, Chi Kwan Ho bought around 4m shares on-market at roughly HK$0.041 per share. This transaction amounted to 1.8% 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$1.2m more in shares than they have sold in the last 12 months. Buying Opportunity • Mar 16
Now 26% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be HK$0.061, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10.0% over the last 3 years. Earnings per share has declined by 24%. Buying Opportunity • Feb 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 4.1%. The fair value is estimated to be HK$0.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10.0% over the last 3 years. Earnings per share has declined by 24%. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: HK$0.006 (vs HK$0.005 in 3Q 2022) Third quarter 2023 results: EPS: HK$0.006 (up from HK$0.005 in 3Q 2022). Revenue: HK$92.6m (up 32% from 3Q 2022). Net income: HK$4.71m (up 21% from 3Q 2022). Profit margin: 5.1% (down from 5.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has fallen by 50% per year, which means it is performing significantly worse than earnings. Announcement • Jan 20
Chi Ho Development Holdings Limited to Report Q3, 2023 Results on Feb 10, 2023 Chi Ho Development Holdings Limited announced that they will report Q3, 2023 results on Feb 10, 2023 Buying Opportunity • Jan 10
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be HK$0.061, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 20%. Board Change • Nov 16
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. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Sze Yeung Yau was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: HK$0.006 (vs HK$0.005 in 2Q 2022) Second quarter 2023 results: EPS: HK$0.006 (up from HK$0.005 in 2Q 2022). Revenue: HK$84.6m (up 39% from 2Q 2022). Net income: HK$4.47m (up 10% from 2Q 2022). Profit margin: 5.3% (down from 6.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has fallen by 58% per year, which means it is performing significantly worse than earnings. Announcement • Nov 12
Chi Ho Development Holdings Limited Announces the Interim (Semi-Annual) Dividend for the Financial Year Ending 31 March 2023, Payable on 09 January 2023 Chi Ho Development Holdings Limited announced the Interim (Semi-annual) dividend of HKD 0.0025 per share for the financial year ending 31 March 2023. Ex-dividend date is 25 November 2022. Record date is 30 November 2022. Payment date is 09 January 2023. Recent Insider Transactions • Oct 19
Executive Director recently bought HK$126k worth of stock On the 10th of October, Chi Kwan Ho bought around 2m shares on-market at roughly HK$0.06 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$153k. Insiders have collectively bought HK$548k more in shares than they have sold in the last 12 months. Announcement • Oct 12
Chi Ho Development Holdings Limited to Report First Half, 2023 Results on Nov 11, 2022 Chi Ho Development Holdings Limited announced that they will report first half, 2023 results on Nov 11, 2022 Recent Insider Transactions • Oct 11
Executive Director recently bought HK$153k worth of stock On the 7th of October, Chi Kwan Ho bought around 3m shares on-market at roughly HK$0.059 per share. This transaction amounted to 1.3% 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$338k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Oct 06
Executive Director recently bought HK$95k worth of stock On the 30th of September, Chi Kwan Ho bought around 2m shares on-market at roughly HK$0.057 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. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: HK$0.005 (vs HK$0.005 in 1Q 2022) First quarter 2023 results: EPS: HK$0.005 (vs HK$0.005 in 1Q 2022). Revenue: HK$84.3m (up 25% from 1Q 2022). Net income: HK$3.90m (down 8.0% from 1Q 2022). Profit margin: 4.6% (down from 6.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Announcement • Jul 28
Chi Ho Development Holdings Limited to Report Q1, 2023 Results on Aug 12, 2022 Chi Ho Development Holdings Limited announced that they will report Q1, 2023 results on Aug 12, 2022 Reported Earnings • Jun 26
Full year 2022 earnings released: EPS: HK$0.01 (vs HK$0.027 in FY 2021) Full year 2022 results: EPS: HK$0.01 (down from HK$0.027 in FY 2021). Revenue: HK$257.2m (down 8.7% from FY 2021). Net income: HK$8.02m (down 63% from FY 2021). Profit margin: 3.1% (down from 7.6% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 55% per year, which means it is performing significantly worse than earnings. Announcement • Jun 11
Chi Ho Development Holdings Limited Provides Consolidated Earnings Guidance for the Year Ended 31 March 2022 Chi Ho Development Holdings Limited provided consolidated earnings guidance for the year ended 31 March 2022. For the year, the company expected to record a consolidated net profit of not less than approximately HKD 7.0 million as compared to the consolidated net profit of approximately HKD 21.4 million for the year ended 31 March 2021. Announcement • Jun 03
Chi Ho Development Holdings Limited to Report Fiscal Year 2022 Results on Jun 24, 2022 Chi Ho Development Holdings Limited announced that they will report fiscal year 2022 results on Jun 24, 2022 Board Change • Apr 27
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. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Sze Yeung Yau was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jan 30
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: HK$0.005 (down from HK$0.009 in 3Q 2021). Revenue: HK$70.3m (down 5.0% from 3Q 2021). Net income: HK$3.88m (down 46% from 3Q 2021). Profit margin: 5.5% (down from 9.7% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 07
Second quarter 2022 earnings released: EPS HK$0.005 (vs HK$0.004 in 2Q 2021) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: HK$61.0m (down 15% from 2Q 2021). Net income: HK$4.05m (up 31% from 2Q 2021). Profit margin: 6.6% (up from 4.3% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 18
First quarter 2022 earnings released: EPS HK$0.005 (vs HK$0.003 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: HK$67.6m (up 32% from 1Q 2021). Net income: HK$4.24m (up 68% from 1Q 2021). Profit margin: 6.3% (up from 4.9% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings. Announcement • Jul 20
Chi Ho Development Holdings Limited Provides Unaudited Earnings Guidance for the Three Months Ended June 30, 2021 Chi Ho Development Holdings Limited provided unaudited earnings guidance for the three months ended June 30, 2021. For the three months, the Board anticipates that the Group's unaudited net profit for the three months ended 30 June 2021 will record an increase of not less than 50% as compared to the net profit of HKD 2.5 million for the same period last year. Reported Earnings • Jun 20
Full year 2021 earnings released: EPS HK$0.027 (vs HK$0.024 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: HK$281.7m (down 30% from FY 2020). Net income: HK$21.4m (up 9.9% from FY 2020). Profit margin: 7.6% (up from 4.8% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 51% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Mar 04
New 90-day low: HK$0.24 The company is down 11% from its price of HK$0.27 on 04 December 2020. The Hong Kong market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 15% over the same period. Reported Earnings • Feb 10
Third quarter 2021 earnings released: EPS HK$0.009 (vs HK$0.01 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: HK$74.0m (down 38% from 3Q 2020). Net income: HK$7.20m (down 7.6% from 3Q 2020). Profit margin: 9.7% (up from 6.5% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 40% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 15
Second quarter 2021 earnings released: EPS HK$0.004 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: HK$72.1m (down 33% from 2Q 2020). Net income: HK$3.09m (down 48% from 2Q 2020). Profit margin: 4.3% (down from 5.5% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Announcement • Nov 04
Chi Ho Development Holdings Limited to Report Q2, 2021 Results on Nov 13, 2020 Chi Ho Development Holdings Limited announced that they will report Q2, 2021 results on Nov 13, 2020 Announcement • Jul 31
Chi Ho Development Holdings Limited to Report Q1, 2020 Results on Aug 13, 2020 Chi Ho Development Holdings Limited announced that they will report Q1, 2020 results on Aug 13, 2020 
