Announcement • Apr 26
Telecom Service One Holdings Limited Announces Resignation of Ms. Lee Wing Sze Connie as Company Secretary, Effective April 23, 2026 Telecom Service One Holdings Limited announced that Ms. Lee Wing Sze Connie has resigned as the company secretary of the Company with effect from April 23, 2026 due to her other personal commitments. New Risk • Apr 20
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 Risk Earnings have declined by 61% 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$160.4m market cap, or US$20.5m). Reported Earnings • Nov 30
First half 2026 earnings released: HK$0.03 loss per share (vs HK$0.014 loss in 1H 2025) First half 2026 results: HK$0.03 loss per share (further deteriorated from HK$0.014 loss in 1H 2025). Revenue: HK$18.9m (down 20% from 1H 2025). Net loss: HK$3.79m (loss widened 111% from 1H 2025). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Announcement • Nov 08
Telecom Service One Holdings Limited to Report First Half, 2026 Results on Nov 28, 2025 Telecom Service One Holdings Limited announced that they will report first half, 2026 results on Nov 28, 2025 New Risk • Aug 18
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$77.0m (US$9.85m) 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 63% per year over the past 5 years. Market cap is less than US$10m (HK$77.0m market cap, or US$9.85m). Upcoming Dividend • Jul 10
Upcoming dividend of HK$0.02 per share Eligible shareholders must have bought the stock before 17 July 2025. Payment date: 31 July 2025. Trailing yield: 6.6%. Lower than top quartile of Hong Kong dividend payers (7.1%). In line with average of industry peers (7.1%). Reported Earnings • Jun 28
Full year 2025 earnings released: HK$0.10 loss per share (vs HK$0.071 loss in FY 2024) Full year 2025 results: HK$0.10 loss per share (further deteriorated from HK$0.071 loss in FY 2024). Revenue: HK$44.2m (down 19% from FY 2024). Net loss: HK$13.4m (loss widened 46% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 44% per year whereas the company’s share price has fallen by 41% per year. Announcement • Jun 27
Telecom Service One Holdings Limited, Annual General Meeting, Sep 25, 2025 Telecom Service One Holdings Limited, Annual General Meeting, Sep 25, 2025. Announcement • Jun 13
Telecom Service One Holdings Limited to Report Fiscal Year 2025 Results on Jun 27, 2025 Telecom Service One Holdings Limited announced that they will report fiscal year 2025 results on Jun 27, 2025 New Risk • Feb 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$75.7m (US$9.73m) 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 97% Earnings have declined by 65% per year over the past 5 years. Market cap is less than US$10m (HK$75.7m market cap, or US$9.73m). New Risk • Jan 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$75.7m (US$9.75m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 97% Earnings have declined by 65% per year over the past 5 years. Market cap is less than US$10m (HK$75.7m market cap, or US$9.75m). New Risk • Dec 21
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 19% 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 (19% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 97% Earnings have declined by 65% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$78.3m market cap, or US$10.1m). Upcoming Dividend • Dec 05
Upcoming dividend of HK$0.02 per share Eligible shareholders must have bought the stock before 12 December 2024. Payment date: 13 January 2025. Trailing yield: 6.1%. Lower than top quartile of Hong Kong dividend payers (8.1%). In line with average of industry peers (5.8%). Reported Earnings • Dec 01
First half 2025 earnings released: HK$0.014 loss per share (vs HK$0.018 loss in 1H 2024) First half 2025 results: HK$0.014 loss per share (improved from HK$0.018 loss in 1H 2024). Revenue: HK$23.6m (down 13% from 1H 2024). Net loss: HK$1.80m (loss narrowed 22% from 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Announcement • Nov 15
Telecom Service One Holdings Limited to Report First Half, 2025 Results on Nov 28, 2024 Telecom Service One Holdings Limited announced that they will report first half, 2025 results on Nov 28, 2024 Recent Insider Transactions • Oct 22
Non-Executive Chairman recently bought HK$129k worth of stock On the 18th of October, King Shek Cheung bought around 276k shares on-market at roughly HK$0.47 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. King Shek has been a buyer over the last 12 months, purchasing a net total of HK$985k worth in shares. Recent Insider Transactions • Aug 28
Non-Executive Chairman recently bought HK$65k worth of stock On the 23rd of August, King Shek Cheung bought around 156k shares on-market at roughly HK$0.42 per share. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$216k. King Shek has been a buyer over the last 12 months, purchasing a net total of HK$364k worth in shares. Recent Insider Transactions • Jul 19
Non-Executive Chairman recently bought HK$216k worth of stock On the 15th of July, King Shek Cheung bought around 528k shares on-market at roughly HK$0.41 per share. This transaction amounted to 7.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. King Shek has been a buyer over the last 12 months, purchasing a net total of HK$290k worth in shares. Recent Insider Transactions • Jul 06
Non-executive Chairman recently bought HK$66k worth of stock On the 28th of June, King Shek Cheung bought around 174k shares on-market at roughly HK$0.38 per share. This transaction amounted to 2.7% 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 King Shek's only on-market trade for the last 12 months. Announcement • Jun 27
Telecom Service One Holdings Limited, Annual General Meeting, Sep 20, 2024 Telecom Service One Holdings Limited, Annual General Meeting, Sep 20, 2024. Reported Earnings • Jun 27
Full year 2024 earnings released Full year 2024 results: Revenue: HK$54.4m (up 5.9% from FY 2023). Net loss: HK$9.17m (loss widened 29% from FY 2023). New Risk • Jun 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 Risks Earnings have declined by 61% per year over the past 5 years. Market cap is less than US$10m (HK$61.0m market cap, or US$7.80m). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Announcement • Jun 15
Telecom Service One Holdings Limited to Report Fiscal Year 2024 Results on Jun 26, 2024 Telecom Service One Holdings Limited announced that they will report fiscal year 2024 results on Jun 26, 2024 Reported Earnings • Dec 01
First half 2024 earnings released: HK$0.018 loss per share (vs HK$0.028 loss in 1H 2023) First half 2024 results: HK$0.018 loss per share (improved from HK$0.028 loss in 1H 2023). Revenue: HK$27.0m (up 1.5% from 1H 2023). Net loss: HK$2.30m (loss narrowed 36% from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Announcement • Nov 17
Telecom Service One Holdings Limited to Report Q2, 2024 Results on Nov 29, 2023 Telecom Service One Holdings Limited announced that they will report Q2, 2024 results on Nov 29, 2023 Recent Insider Transactions • Sep 14
Non-Executive Director recently bought HK$244k worth of stock On the 12th of September, King Shan Cheung bought around 524k shares on-market at roughly HK$0.46 per share. This transaction amounted to 8.1% 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$348k more in shares than they have sold in the last 12 months. Announcement • Jul 25
Telecom Service One Holdings Limited, Annual General Meeting, Aug 17, 2023 Telecom Service One Holdings Limited, Annual General Meeting, Aug 17, 2023, at 10:30 China Standard Time. Location: 10/F, YHC Tower, No. 1 Sheung Yuet Road Kowloon Bay Kowloon Hong Kong Agenda: To consider and adopt the audited consolidated financial statements and the reports of the directors and auditors of the Company for the year ended 31 March 2023; to re-elect Mr. CHEUNG King Shek as a non-executive director of the Company; to re-elect Mr. CHEUNG King Shan as a non-executive director of the Company; to re-elect Mr. CHEUNG King Chuen Bobby as a non-executive director of the Company; to re-elect Ms. KWOK Yuen Man Marisa as an independent non-executive director of the Company; to authorise the board of directors of the Company to fix the remuneration of the directors of the Company; to re-appoint SHINEWING (HK) CPA Limited as auditors of the Company and to authorise the board of directors of the Company to fix their remuneration. Reported Earnings • Jun 28
Full year 2023 earnings released: HK$0.055 loss per share (vs HK$0.008 loss in FY 2022) Full year 2023 results: HK$0.055 loss per share (further deteriorated from HK$0.008 loss in FY 2022). Revenue: HK$51.4m (up 48% from FY 2022). Net loss: HK$7.12m (loss widened HK$6.11m from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Announcement • Jun 15
Telecom Service One Holdings Limited Provides Group Earnings Guidance for the Year Ending 31 March 2023 Telecom Service One Holdings Limited provided group earnings guidance for the year ending 31 March 2023. For the year, the group is expected to record a loss for the year of not more than HKD 7.9 million (2022: loss approximately HKD 1.0 million). The loss increase was mainly attributable to the combined effect of the following factors, decrease in gross profit; increase in impairment loss on property, plant and equipment and investment property; and decrease in loss on changes in fair value of financial assets at fair value through profit or loss. Announcement • Jun 14
Telecom Service One Holdings Limited to Report Fiscal Year 2023 Final Results on Jun 27, 2023 Telecom Service One Holdings Limited announced that they will report fiscal year 2023 final results on Jun 27, 2023 Reported Earnings • Dec 31
First half 2023 earnings released: HK$0.028 loss per share (vs HK$0.002 profit in 1H 2022) First half 2023 results: HK$0.028 loss per share (down from HK$0.002 profit in 1H 2022). Revenue: HK$26.6m (up 81% from 1H 2022). Net loss: HK$3.57m (down HK$3.82m from profit in 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 30
First half 2023 earnings released First half 2023 results: Revenue: HK$26.6m (up 81% from 1H 2022). Net loss: HK$3.57m (down HK$3.82m from profit in 1H 2022). Announcement • Nov 17
Telecom Service One Holdings Limited to Report First Half, 2023 Results on Nov 29, 2022 Telecom Service One Holdings Limited announced that they will report first half, 2023 results on Nov 29, 2022 Board Change • Nov 16
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. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Tso Ka Yi was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Jun 26
Full year 2022 earnings released: HK$0.008 loss per share (vs HK$0.075 profit in FY 2021) Full year 2022 results: HK$0.008 loss per share (down from HK$0.075 profit in FY 2021). Revenue: HK$34.8m (down 9.4% from FY 2021). Net loss: HK$1.01m (down 111% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Announcement • Jun 16
Telecom Service One Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 March 2022 Telecom Service One Holdings Limited provided unaudited consolidated earnings guidance for the year ended 31 March 2022. For the period, The company expects to record a loss of not more than HKD 1.5 million for the year ended 31 March 2022 as compared with a profit attributable to owners of the Company of HKD 9.6 million for the year ended 31 March 2021. Announcement • Jun 14
Telecom Service One Holdings Limited to Report Fiscal Year 2022 Results on Jun 24, 2022 Telecom Service One Holdings Limited announced that they will report fiscal year 2022 results on Jun 24, 2022 Board Change • Apr 27
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. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Tso Ka Yi was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improved over the past week After last week's 30% share price gain to HK$2.84, the stock trades at a trailing P/E ratio of 77.5x. Average trailing P/E is 10x in the Commercial Services industry in Hong Kong. Total returns to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improved over the past week After last week's 31% share price gain to HK$1.69, the stock trades at a trailing P/E ratio of 46.1x. Average trailing P/E is 8x in the Commercial Services industry in Hong Kong. Total loss to shareholders of 19% over the past three years. Upcoming Dividend • Mar 09
Inaugural dividend of HK$0.02 per share Eligible shareholders must have bought the stock before 16 March 2022. Payment date: 28 March 2022. The company is not currently making a profit and is not cash flow positive. The company last paid an ordinary dividend in June 2021. The average dividend yield among industry peers is 6.0%. Announcement • Mar 05
Telecom Service One Holdings Limited Announces Second Interim Dividend for the Period Ended 31 December 2021, Payable 28 March 2022 Telecom Service One Holdings Limited announced second Interim Dividend for the period ended 31 December 2021 of HKD 0.02 per share. Ex-dividend date is 16 March 2022, Record date is 21 March 2022 and Payment date is 28 March 2022. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 17% share price gain to HK$1.52, the stock trades at a trailing P/E ratio of 41.5x. Average trailing P/E is 11x in the Commercial Services industry in Hong Kong. Total loss to shareholders of 39% over the past three years. Upcoming Dividend • Dec 07
Inaugural dividend of HK$0.02 per share Eligible shareholders must have bought the stock before 14 December 2021. Payment date: 24 December 2021. The company is not currently making a profit and is not cash flow positive. The company last paid an ordinary dividend in June 2021. The average dividend yield among industry peers is 5.8%. Upcoming Dividend • Dec 07
Inaugural dividend of HK$0.02 per share Eligible shareholders must have bought the stock before 14 December 2021. Payment date: 24 December 2021. The company is not currently making a profit and is not cash flow positive. The company last paid an ordinary dividend in June 2021. The average dividend yield among industry peers is 5.8%. Reported Earnings • Nov 30
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: HK$0.002 (down from HK$0.04 in 1H 2021). Revenue: HK$14.7m (down 31% from 1H 2021). Net income: HK$245.0k (down 95% from 1H 2021). Profit margin: 1.7% (down from 24% in 1H 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improved over the past week After last week's 17% share price gain to HK$1.37, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 9x in the Commercial Services industry in Hong Kong. Total loss to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 15% share price gain to HK$1.35, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 10x in the Commercial Services industry in Hong Kong. Total loss to shareholders of 56% over the past three years. Upcoming Dividend • Sep 02
Upcoming dividend of HK$0.02 per share Eligible shareholders must have bought the stock before 09 September 2021. Payment date: 20 September 2021. Trailing yield: 6.2%. Lower than top quartile of Hong Kong dividend payers (6.6%). Higher than average of industry peers (1.8%). Reported Earnings • Jun 26
Full year 2021 earnings released: EPS HK$0.075 (vs HK$0.02 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$38.4m (down 14% from FY 2020). Net income: HK$9.57m (up 282% from FY 2020). Profit margin: 25% (up from 5.7% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 02
Upcoming Dividend of HK$0.01 Per Share Will be paid on the 19th of March to those who are registered shareholders by the 9th of March. The trailing yield of 5.1% is below the top quartile of Hong Kong dividend payers (6.2%), but it is higher than industry peers (1.3%). Is New 90 Day High Low • Feb 23
New 90-day high: HK$0.98 The company is up 14% from its price of HK$0.86 on 25 November 2020. The Hong Kong market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 23% over the same period. Reported Earnings • Dec 19
First half 2021 earnings released: EPS HK$0.04 The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: HK$21.3m (down 13% from 1H 2020). Net income: HK$5.12m (up 57% from 1H 2020). Profit margin: 24% (up from 13% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 70% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 24
First half 2021 earnings released: EPS HK$0.04 The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: HK$21.3m (down 13% from 1H 2020). Net income: HK$5.12m (up 57% from 1H 2020). Profit margin: 24% (up from 13% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 70% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 16
New 90-day low: HK$0.79 The company is down 15% from its price of HK$0.93 on 18 August 2020. The Hong Kong market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is down 10.0% over the same period. Announcement • Nov 07
Telecom Service One Holdings Limited to Report First Half, 2021 Results on Nov 20, 2020 Telecom Service One Holdings Limited announced that they will report first half, 2021 results on Nov 20, 2020 Upcoming Dividend • Oct 08
Upcoming Dividend of HK$0.02 Per Share Will be paid on the 27th of October to those who are registered shareholders by the 15th of October. The trailing yield of 5.4% is below the top quartile of Hong Kong dividend payers (6.9%), but it is higher than industry peers (1.4%).