SEHK:674

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Executive Summary

China Tangshang Holdings Limited, an investment holding company, engages in exhibition-related, property sub-leasing, property development and investment, food and beverages, and financial services businesses in Hong Kong and the People’s Republic of China. More Details


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

How has China Tangshang Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 674's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

13.4%

674

4.0%

HK Commercial Services

1.5%

HK Market


1 Year Return

-36.5%

674

57.7%

HK Commercial Services

0.7%

HK Market

Return vs Industry: 674 underperformed the Hong Kong Commercial Services industry which returned 35.1% over the past year.

Return vs Market: 674 underperformed the Hong Kong Market which returned 0.5% over the past year.


Shareholder returns

674IndustryMarket
7 Day13.4%4.0%1.5%
30 Day-21.1%-4.4%-3.1%
90 Day38.0%14.3%2.9%
1 Year-36.5%-36.5%61.1%57.7%4.8%0.7%
3 Year-56.9%-56.9%-41.0%-46.0%-5.6%-15.8%
5 Year-79.8%-79.8%-54.2%-59.9%24.5%3.4%

Price Volatility Vs. Market

How volatile is China Tangshang Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is China Tangshang Holdings undervalued compared to its fair value and its price relative to the market?

1.36x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 674 (HK$0.13) is trading above our estimate of fair value (HK$0.03)

Significantly Below Fair Value: 674 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 674 is unprofitable, so we can't compare its PE Ratio to the HK Commercial Services industry average.

PE vs Market: 674 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 674's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 674 is overvalued based on its PB Ratio (1.4x) compared to the HK Commercial Services industry average (0.9x).


Next Steps

Future Growth

How is China Tangshang Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

30.7%

Forecasted Commercial Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as China Tangshang Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has China Tangshang Holdings performed over the past 5 years?

62.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 674 is currently unprofitable.

Growing Profit Margin: 674 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 674 is unprofitable, but has reduced losses over the past 5 years at a rate of 62.7% per year.

Accelerating Growth: Unable to compare 674's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 674 is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (12.9%).


Return on Equity

High ROE: 674 has a negative Return on Equity (-26.14%), as it is currently unprofitable.


Next Steps

Financial Health

How is China Tangshang Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 674's short term assets (HK$316.1M) exceed its short term liabilities (HK$261.4M).

Long Term Liabilities: 674's short term assets (HK$316.1M) exceed its long term liabilities (HK$169.1M).


Debt to Equity History and Analysis

Debt Level: 674's debt to equity ratio (157.2%) is considered high.

Reducing Debt: 674's debt to equity ratio has increased from 25.1% to 157.2% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 674 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 674 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 21.9% per year.


Next Steps

Dividend

What is China Tangshang Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 674's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 674's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 674's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 674's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 674's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average management tenure


CEO

Houjie Zhou (38 yo)

2.17yrs

Tenure

HK$264,316

Compensation

Mr. Houjie Zhou serves as Vice President of BTIT. Mr. Zhou has been an Executive Director of China Tangshang Holdings Limited(also known as Culture Landmark Investment Limited) since December 8, 2016 and i ...


CEO Compensation Analysis

Compensation vs Market: Houjie's total compensation ($USD34.11K) is below average for companies of similar size in the Hong Kong market ($USD230.06K).

Compensation vs Earnings: Houjie's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Weiwu Chen
Chairman3.75yrsHK$738.00k25.11%
HK$ 73.6m
Houjie Zhou
Acting CEO & Executive Director2.17yrsHK$264.32kno data
Muk Hing Ng
Chief Chef - Golden Island Catering Group Company Limitedno datano datano data
Siu Pou Lam
Chief Executive Officer of GI Catering15.08yrsno datano data
Hing Hung Hung
Company Secretary0.92yrno datano data
Kit Yu Yeung
Assistant General Manager of Golden Island (Management) Limitedno dataHK$394.82kno data
To Pan Chik
General Manager of GI Managementno dataHK$774.20kno data

2.2yrs

Average Tenure

39yo

Average Age

Experienced Management: 674's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Weiwu Chen
Chairman3.75yrsHK$738.00k25.11%
HK$ 73.6m
Houjie Zhou
Acting CEO & Executive Director2.17yrsHK$264.32kno data
Youchun Chen
Independent Non-Executive Director3.75yrsHK$180.00kno data
Mei Ka Lui
Independent Non-Executive Director3.42yrsHK$180.00kno data
Xin Zhou
Independent Non-Executive Director0.75yrHK$54.19kno data

3.8yrs

Average Tenure

38yo

Average Age

Experienced Board: 674's board of directors are considered experienced (3.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 114.2%.


Top Shareholders

Company Information

China Tangshang Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Tangshang Holdings Limited
  • Ticker: 674
  • Exchange: SEHK
  • Founded:
  • Industry: Diversified Support Services
  • Sector: Commercial Services
  • Market Cap: HK$293.226m
  • Shares outstanding: 2.31b
  • Website: https://www.ts674.com

Number of Employees


Location

  • China Tangshang Holdings Limited
  • Bupa Centre
  • 13th Floor
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
674SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992

Biography

China Tangshang Holdings Limited, an investment holding company, engages in exhibition-related, property sub-leasing, property development and investment, food and beverages, and financial services busines ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/17 19:57
End of Day Share Price2020/09/17 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.