Upcoming Dividend • Aug 11
Upcoming dividend of HK$0.02 per share Eligible shareholders must have bought the stock before 18 August 2026. Payment date: 03 September 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.1%. Lower than top quartile of Hong Kong dividend payers (7.4%). Higher than average of industry peers (5.0%). New Risk • Jul 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.7% Last year net profit margin: 3.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 99% Paying a dividend despite having no free cash flows. Earnings have declined by 42% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (1.7% net profit margin). New Risk • Jun 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 99% Paying a dividend despite having no free cash flows. Earnings have declined by 38% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Declared Dividend • Jun 27
First half dividend reduced to HK$0.02 Dividend of HK$0.02 is 60% lower than last year. Ex-date: 18th August 2026 Payment date: 3rd September 2026 Dividend yield will be 8.0%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is not adequately covered by earnings (99% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 10% to bring the payout ratio under control. EPS is expected to grow by 8.1% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Jun 26
Pacific Textiles Holdings Limited, Annual General Meeting, Aug 13, 2026 Pacific Textiles Holdings Limited, Annual General Meeting, Aug 13, 2026. Announcement • Jun 09
Pacific Textiles Holdings Limited to Report Fiscal Year 2026 Results on Jun 25, 2026 Pacific Textiles Holdings Limited announced that they will report fiscal year 2026 results on Jun 25, 2026 Buy Or Sell Opportunity • Jun 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to HK$1.10. The fair value is estimated to be HK$1.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 38%. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Executive Director Kenjiro Ashitani was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Dec 03
Independent Non-Executive Director recently bought HK$927k worth of stock On the 1st of December, Kwok Wing Sze bought around 730k shares on-market at roughly HK$1.27 per share. This transaction increased Kwok Wing's direct individual holding by 1x 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. Declared Dividend • Nov 30
First half dividend reduced to HK$0.05 Dividend of HK$0.05 is 29% lower than last year. Ex-date: 11th December 2025 Payment date: 30th December 2025 Dividend yield will be 7.9%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is not covered by earnings (104% earnings payout ratio) nor is it covered by cash flows (186% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 16% to bring the payout ratio under control. EPS is expected to grow by 92% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Nov 29
First half 2026 earnings released: EPS: HK$0.057 (vs HK$0.076 in 1H 2025) First half 2026 results: EPS: HK$0.057 (down from HK$0.076 in 1H 2025). Revenue: HK$2.52b (down 5.4% from 1H 2025). Net income: HK$79.3m (down 26% from 1H 2025). Profit margin: 3.1% (down from 4.0% in 1H 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 38% 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. Announcement • Nov 28
Pacific Textiles Holdings Limited Announces Interim Ordinary Dividend for the Six Months Ended 30 September 2025, Payable on 30 December 2025 Pacific Textiles Holdings Limited announced Interim ordinary Dividend of HKD 0.05 per share for the six months ended 30 September 2025. Ex-dividend date: 11 December 2025. Record date:17 December 2025. Payment date:30 December 2025. Buy Or Sell Opportunity • Nov 10
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to HK$1.27. The fair value is estimated to be HK$1.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.3% over the last 3 years. Earnings per share has declined by 52%. Announcement • Oct 21
Pacific Textiles Holdings Limited to Report First Half, 2026 Results on Nov 28, 2025 Pacific Textiles Holdings Limited announced that they will report first half, 2026 results on Nov 28, 2025 Price Target Changed • Oct 03
Price target decreased by 17% to HK$2.00 Down from HK$2.40, the current price target is provided by 1 analyst. New target price is 33% above last closing price of HK$1.50. Stock is down 17% over the past year. The company is forecast to post earnings per share of HK$0.14 for next year compared to HK$0.12 last year. Announcement • Jul 03
Pacific Textiles Holdings Limited Announces Production Level of the Vietnam Hai Duong Plant Is Ready to Fully Resume Pacific Textiles Holdings Limited announced that the replacement of certain damaged knitting machines for the Vietnam Hai Duong Plant has been completed. The new knitting machines have been fully commissioned and operational as at the date of this announcement. The production level of the Vietnam Hai Duong Plant is ready to fully resume back to similar production level prior to the effect of Typhoon Yagi. Announcement • Jun 30
Pacific Textiles Holdings Limited Announces Board Changes, Effective July 1, 2025 Pacific Textiles Holdings Limited announced that Mr. Kyuichi Fukumoto has resigned as an executive Director and a member of the remuneration committee of the Company with effect from July 1, 2025, to pursue his career development. The Board announced that Mr. Kenjiro Ashitani has been appointed as an executive Director and a member of the remuneration committee of the Company with effect from July 1, 2025. Mr. Kenjiro Ashitani, aged 49, graduated with a Bachelor of Business Administration from the College of Business Administration of Yokohama National University in March 1999. After his graduation, Mr. Ashitani joined Toray Industries Inc. ("Toray"), which is listed on the Tokyo Stock Exchange in Japan and is a substantial shareholder of the Company. He began his career at the Pharmaceutical Production Department of Mishima Plant of Toray, and subsequently held various positions in the Management Department of Du Pont-Toray Co. Ltd. He began working in the Finance Department of Toray in October 2009. He was the Treasurer of Toray Membrane USA Inc. from April 2015 to September 2018, and the General Manager of Toray Plastics (America) Inc. from September 2018 to June 2021. Mr. Ashitani went on to hold various senior positions in Toray including, the Manager of the Finance Department since June 2021 and the Assistant General Manager of the Investor Relations Department since April 2023. Declared Dividend • Jun 28
Final dividend of HK$0.05 announced Dividend of HK$0.05 is the same as last year. Ex-date: 19th August 2025 Payment date: 4th September 2025 Dividend yield will be 9.4%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is not adequately covered by earnings (100% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control. EPS is expected to grow by 119% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Jun 27
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: HK$0.12 (up from HK$0.12 in FY 2024). Revenue: HK$5.06b (up 8.4% from FY 2024). Net income: HK$167.6m (flat on FY 2024). Profit margin: 3.3% (down from 3.6% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Announcement • Jun 26
Pacific Textiles Holdings Limited, Annual General Meeting, Aug 14, 2025 Pacific Textiles Holdings Limited, Annual General Meeting, Aug 14, 2025. New Risk • Jun 21
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 Dividend is not well covered by earnings and cash flows. Payout ratio: 112% Paying a dividend despite having no free cash flows. Earnings have declined by 31% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Large one-off items impacting financial results. Announcement • Jun 11
Pacific Textiles Holdings Limited to Report Fiscal Year 2025 Results on Jun 26, 2025 Pacific Textiles Holdings Limited announced that they will report fiscal year 2025 results on Jun 26, 2025 Recent Insider Transactions • Apr 11
Company Secretary recently bought HK$234k worth of stock On the 7th of April, Kit Vai Tou bought around 200k shares on-market at roughly HK$1.17 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Kit Vai's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to HK$1.19, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Luxury industry in Hong Kong. Total loss to shareholders of 57% over the past three years. Board Change • Mar 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Teresa Ling was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Jan 11
Price target decreased by 28% to HK$2.40 Down from HK$3.32, the current price target is provided by 1 analyst. New target price is 55% above last closing price of HK$1.55. Stock is up 18% over the past year. The company is forecast to post earnings per share of HK$0.16 for next year compared to HK$0.12 last year. New Risk • Jan 10
New major risk - Revenue and earnings growth Earnings have declined by 31% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 112% Paying a dividend despite having no free cash flows. Earnings have declined by 31% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Announcement • Nov 21
Pacific Textiles Holdings Limited Announces Interim Dividend for the Six Months Ended 30 September 2024, Payable on 18 December 2024 Pacific Textiles Holdings Limited announced an interim dividend of HKD 0.07 per share for the six months ended 30 September 2024. The ex-dividend date is 04 December 2024 and the record date is 10 December 2024. The payment date is on 18 December 2024. Announcement • Oct 18
Pacific Textiles Holdings Limited to Report First Half, 2025 Results on Nov 21, 2024 Pacific Textiles Holdings Limited announced that they will report first half, 2025 results on Nov 21, 2024 Announcement • Sep 12
Pacific Textiles Holdings Limited Announces Temporary Suspension of Plant Located at Lai Vu Commune, Hai Duong Province, Vietnam as Result of the Hit of Super Typhoon Yagi Pacific Textiles Holdings Limited announced that as a result of the hit of super typhoon yagi (the "Typhoon Yagi") on 7 September 2024, the Company's plant located at Lai Vu Commune, Hai Duong Province, Vietnam ("Vietnam Hai Duong Plant") has temporarily suspended production due to business interruption and damage on the production facilities and inventories. The operation of the Group's other two production plants remains intact. After preliminary assessment, the temporary suspension of production at Vietnam Hai Duong Plant is estimated to last for around four weeks, which could lead to a decrease in the production volume of approximately 2.2 million pounds, and delay in delivery of products from Vietnam Hai Duong Plant. In order to mitigate the loss and minimize the impact to customers caused by the temporary suspension of production, the Company has swiftly reallocated the production orders to the Company's plant in Guangdong Province, China and the plant in Nam Dinh Province, Vietnam. The management of the Group is supervising the redeployment of resources and use its best effort to ensure the customers' orders are fulfilled timely or with minimal delay (if any). The business interruption and damage of the property and inventories have been reported to the relevant insurance broker and insurance companies. As at the date of this announcement, the Company is closely liaising with the insurance broker and insurance companies, and the financial impact arising from the Typhoon Yagi is still under assessment. A special task force led by the Chairman has been formed and the Company is focusing on taking measures with a view to restore production of the Vietnam Hai Duong Plant as soon as possible. The board of directors of the Company will continue to assess the impact of temporary suspension of production and closely monitor the progress on resumption of Vietnam Hai Duong Plant. Further announcement will be made by the Company as and when appropriate pursuant to the Listing Rules. Upcoming Dividend • Aug 13
Upcoming dividend of HK$0.05 per share Eligible shareholders must have bought the stock before 20 August 2024. Payment date: 05 September 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.4%. Lower than top quartile of Hong Kong dividend payers (8.3%). Higher than average of industry peers (3.8%). Declared Dividend • Jun 29
Final dividend increased to HK$0.05 Dividend of HK$0.05 is 25% higher than last year. Ex-date: 20th August 2024 Payment date: 5th September 2024 Dividend yield will be 7.7%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control. EPS is expected to grow by 89% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Jun 28
Pacific Textiles Holdings Limited, Annual General Meeting, Aug 15, 2024 Pacific Textiles Holdings Limited, Annual General Meeting, Aug 15, 2024. Reported Earnings • Jun 28
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: HK$0.12 (down from HK$0.19 in FY 2023). Revenue: HK$4.67b (down 7.0% from FY 2023). Net income: HK$167.1m (down 38% from FY 2023). Profit margin: 3.6% (down from 5.4% in FY 2023). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 30%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Luxury industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Announcement • Jun 27
Pacific Textiles Holdings Limited Proposes Final Dividend for the Year Ended March 31, 2024, Payable on September 5, 2024 Pacific Textiles Holdings Limited proposed final dividend of HKD 0.05 per share for the year ended March 31, 2024, payable on September 5, 2024; Record date: August 26, 2024; Ex-dividend date: August 20, 2024; Date of shareholders' approval: August 15, 2024. New Risk • Jun 22
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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 107% Paying a dividend despite having no free cash flows. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.2% net profit margin). Announcement • Jun 14
Pacific Textiles Holdings Limited to Report Fiscal Year 2024 Final Results on Jun 27, 2024 Pacific Textiles Holdings Limited announced that they will report fiscal year 2024 final results on Jun 27, 2024 Announcement • May 25
Pacific Textiles Holdings Limited Proposes Earnings Guidance for the Financial Year Ended 31 March 2024 Pacific Textiles Holdings Limited proposed earnings guidance for the financial year ended 31 March 2024. For the year, the profit attributable to equity holders of the Company may decrease by approximately 60.6%, from HKD 268.6 million for the financial year ended 31 March 2023 to around HKD 105.9 million for the financial year ended 31 March 2024. Price Target Changed • May 24
Price target decreased by 12% to HK$2.50 Down from HK$2.83, the current price target is an average from 2 analysts. New target price is 62% above last closing price of HK$1.54. Stock is down 34% over the past year. The company is forecast to post earnings per share of HK$0.18 for next year compared to HK$0.19 last year. Buy Or Sell Opportunity • May 24
Now 21% undervalued Over the last 90 days, the stock has risen 24% to HK$1.54. The fair value is estimated to be HK$1.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.1% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 121% in the next 2 years. Recent Insider Transactions • Feb 01
Company Secretary recently bought HK$115k worth of stock On the 24th of January, Kit Vai Tou bought around 93k shares on-market at roughly HK$1.24 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$132k. Kit Vai has been a buyer over the last 12 months, purchasing a net total of HK$368k worth in shares. Recent Insider Transactions • Jan 23
Company Secretary recently bought HK$121k worth of stock On the 18th of January, Kit Vai Tou bought around 100k shares on-market at roughly HK$1.21 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$132k. Kit Vai has been a buyer over the last 12 months, purchasing a net total of HK$253k worth in shares. Recent Insider Transactions • Dec 13
Company Secretary recently bought HK$132k worth of stock On the 7th of December, Kit Vai Tou bought around 100k shares on-market at roughly HK$1.32 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth HK$507k. This was Kit Vai's only on-market trade for the last 12 months. Major Estimate Revision • Dec 12
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from HK$5.58b to HK$4.94b. EPS estimate fell from HK$0.311 to HK$0.197 per share. Net income forecast to grow 118% next year vs 18% growth forecast for Luxury industry in Hong Kong. Consensus price target of HK$2.66 unchanged from last update. Share price fell 10% to HK$1.31 over the past week. Upcoming Dividend • Nov 29
Upcoming dividend of HK$0.07 per share at 13% yield Eligible shareholders must have bought the stock before 06 December 2023. Payment date: 20 December 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 13%. Within top quartile of Hong Kong dividend payers (8.2%). Higher than average of industry peers (3.1%). Reported Earnings • Nov 25
First half 2024 earnings released: EPS: HK$0.089 (vs HK$0.18 in 1H 2023) First half 2024 results: EPS: HK$0.089 (down from HK$0.18 in 1H 2023). Revenue: HK$2.29b (down 17% from 1H 2023). Net income: HK$124.5m (down 50% from 1H 2023). Profit margin: 5.4% (down from 9.0% in 1H 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 39% per year whereas the company’s share price has fallen by 35% per year. Announcement • Nov 24
Pacific Textiles Holdings Limited Announces Interim Dividend for the Six Months Ended September 30, 2023, Payable on December 20, 2023 Pacific Textiles Holdings Limited announced interim dividend of HKD 0.07 per share for the six months ended September 30, 2023. Ex-dividend date is December 6, 2023. Record date is December 12, 2023. Payment date is December 20, 2023. Announcement • Oct 21
Pacific Textiles Holdings Limited to Report First Half, 2024 Results on Nov 23, 2023 Pacific Textiles Holdings Limited announced that they will report first half, 2024 results on Nov 23, 2023 Major Estimate Revision • Aug 24
Consensus EPS estimates increase by 63% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from HK$5.52b to HK$5.58b. EPS estimate increased from HK$0.19 to HK$0.311 per share. Net income forecast to grow 63% next year vs 20% growth forecast for Luxury industry in Hong Kong. Consensus price target down from HK$2.72 to HK$2.23. Share price fell 6.1% to HK$1.68 over the past week. Upcoming Dividend • Aug 08
Upcoming dividend of HK$0.04 per share at 9.8% yield Eligible shareholders must have bought the stock before 15 August 2023. Payment date: 31 August 2023. Payout ratio is on the higher end at 100%, and the cash payout ratio is above 100%. Trailing yield: 9.8%. Within top quartile of Hong Kong dividend payers (7.6%). Higher than average of industry peers (2.5%). Announcement • Jul 12
Pacific Textiles Holdings Limited, Annual General Meeting, Aug 10, 2023 Pacific Textiles Holdings Limited, Annual General Meeting, Aug 10, 2023, at 10:00 China Standard Time. Location: Unit B1, 7th Floor, Block B, Eastern Sea Industrial Building 4856 Tai Lin Pai Road, Kwai Chung, New Territories Kwai Chung Hong Kong Agenda: To receive and consider the audited financial statements and the reports of the directors and auditor for the year ended 31 March 2023; to consider and declare a final dividend for the year ended 31 March 2023; to re-elect the retiring directors and authorize the board of directors to fix the remuneration of directors; to re-appoint PricewaterhouseCoopers as auditor of the Company and authorize the board of directors to fix the remuneration of the auditor; and to consider other matters. Price Target Changed • Jun 29
Price target decreased by 16% to HK$3.26 Down from HK$3.90, the current price target is an average from 4 analysts. New target price is 79% above last closing price of HK$1.82. Stock is down 42% over the past year. The company is forecast to post earnings per share of HK$0.50 for next year compared to HK$0.19 last year. New Risk • Jun 25
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.4% Last year net profit margin: 9.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (100% payout ratio). Profit margins are more than 30% lower than last year (5.4% net profit margin). Reported Earnings • Jun 24
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: HK$0.19 (down from HK$0.41 in FY 2022). Revenue: HK$5.02b (down 17% from FY 2022). Net income: HK$268.6m (down 53% from FY 2022). Profit margin: 5.4% (down from 9.4% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 50%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Luxury industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 21% per year. Announcement • Jun 24
Pacific Textiles Holdings Limited Proposes Final Dividend for the Year Ended March 31, 2023, Payable on August 31, 2023 Pacific Textiles Holdings Limited proposed final dividend of HKD 0.04 per share for the year ended March 31, 2023. Ex-dividend date is August 15, 2023. Record date is August 21, 2023. Payment date is August 31, 2023. Date of shareholders approval is August 10, 2023. Announcement • Jun 15
Pacific Textiles Holdings Limited Provides Earnings Guidance for the Fiscal Year Ended 31 March 2023 Pacific Textiles Holdings Limited provided earnings guidance for the fiscal year ended 31 March 2023. For the period, the company expects based on the preliminary assessment of the currently available information, the profit attributable to equity holders of the Company may decrease by around 53.1%, from HKD 573 million for the year ended 31 March 2022 to around HKD 269 million for the year ended 31 March 2023. Announcement • Jun 07
Pacific Textiles Holdings Limited to Report Fiscal Year 2023 Results on Jun 23, 2023 Pacific Textiles Holdings Limited announced that they will report fiscal year 2023 results on Jun 23, 2023 Announcement • May 06
Pacific Textiles Holdings Limited Announces Retirement of Lau Yiu Tong as Non-Executive Director, Effective 1 June 2023 Pacific Textiles Holdings Limited announced that Mr. Lau Yiu Tong will retire as non-executive Director of the Company with effect from 1 June 2023 due to his plan of retirement. Announcement • Feb 11
Pacific Textiles Holdings Limited Announces Appointment of Ling Chi Wo Teresa as Independent Non-Executive Director, Effective March 1, 2023 Pacific Textiles Holdings Limited announced that Ms. Ling Chi Wo Teresa has been appointed as an independent non-executive Director and a member of each of the Audit Committee, Nomination Committee and Remuneration Committee of the Company with effect from 1 March 2023. Ms. Ling, aged 64, possess ample years of experience in business management. She has been working for Newtimes group of companies, a privately held apparel development and sourcing group with its headquarter in Hong Kong, for over 30 years. She became the director of Newtimes (HK) Limited since 2014. In addition, Ms. Ling is currently a director of Ling Charitable Foundation Limited. Ms. Ling holds a Bachelor of Arts Degree in Psychology from University of California, Berkeley. She also obtained a Master of Business Administration Degree from California State University, East Bay. Upcoming Dividend • Nov 30
Upcoming dividend of HK$0.15 per share Eligible shareholders must have bought the stock before 07 December 2022. Payment date: 21 December 2022. Payout ratio is on the higher end at 86%, and the cash payout ratio is above 100%. Trailing yield: 11%. Within top quartile of Hong Kong dividend payers (8.7%). Higher than average of industry peers (2.6%). Upcoming Dividend • Nov 30
Upcoming dividend of HK$0.15 per share Eligible shareholders must have bought the stock before 07 December 2022. Payment date: 21 December 2022. Payout ratio is on the higher end at 86%, and the cash payout ratio is above 100%. Trailing yield: 11%. Within top quartile of Hong Kong dividend payers (8.7%). Higher than average of industry peers (2.6%). Price Target Changed • Nov 25
Price target decreased to HK$4.13 Down from HK$4.59, the current price target is an average from 5 analysts. New target price is 56% above last closing price of HK$2.65. Stock is down 37% over the past year. The company is forecast to post earnings per share of HK$0.40 for next year compared to HK$0.41 last year. Reported Earnings • Nov 25
First half 2023 earnings released First half 2023 results: Revenue: HK$2.76b (down 13% from 1H 2022). Net income: HK$248.2m (down 29% from 1H 2022). Profit margin: 9.0% (down from 11% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in Hong Kong. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Michael Chan was the last independent director to join the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Recent Insider Transactions • Sep 21
Company Secretary recently bought HK$267k worth of stock On the 19th of September, Kit Vai Tou bought around 100k shares on-market at roughly HK$2.67 per share. This transaction amounted to 25% 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 Kit Vai's only on-market trade for the last 12 months. Upcoming Dividend • Aug 09
Upcoming dividend of HK$0.14 per share Eligible shareholders must have bought the stock before 16 August 2022. Payment date: 01 September 2022. Payout ratio is on the higher end at 86%, and the cash payout ratio is above 100%. Trailing yield: 9.0%. Within top quartile of Hong Kong dividend payers (8.4%). Higher than average of industry peers (2.3%). Price Target Changed • Jun 28
Price target decreased to HK$5.25 Down from HK$6.00, the current price target is an average from 4 analysts. New target price is 62% above last closing price of HK$3.25. Stock is down 28% over the past year. The company is forecast to post earnings per share of HK$0.46 for next year compared to HK$0.41 last year. Reported Earnings • Jun 24
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: HK$0.41 (down from HK$0.51 in FY 2021). Revenue: HK$6.07b (up 13% from FY 2021). Net income: HK$572.7m (down 21% from FY 2021). Profit margin: 9.4% (down from 13% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Over the next year, revenue is forecast to grow 9.2%, compared to a 17% growth forecast for the industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Michael Chan was the last independent director to join the board, commencing their role in 2007. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 15% share price gain to HK$3.77, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Luxury industry in Hong Kong. Total loss to shareholders of 31% over the past three years. Upcoming Dividend • Dec 01
Upcoming dividend of HK$0.21 per share Eligible shareholders must have bought the stock before 08 December 2021. Payment date: 22 December 2021. Trailing yield: 11%. Within top quartile of Hong Kong dividend payers (7.1%). Higher than average of industry peers (1.3%). Reported Earnings • Nov 26
First half 2022 earnings: EPS and revenues miss analyst expectations First half 2022 results: EPS: HK$0.25 (down from HK$0.27 in 1H 2021). Revenue: HK$3.16b (up 29% from 1H 2021). Net income: HK$347.7m (down 7.4% from 1H 2021). Profit margin: 11% (down from 15% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 9.5%. Earnings per share (EPS) missed analyst estimates by 9.5%. Over the next year, revenue is forecast to grow 4.4%, compared to a 39% growth forecast for the industry in Hong Kong. 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 20% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Aug 10
Upcoming dividend of HK$0.22 per share Eligible shareholders must have bought the stock before 17 August 2021. Payment date: 02 September 2021. Trailing yield: 10.0%. Within top quartile of Hong Kong dividend payers (6.5%). Higher than average of industry peers (1.0%). Reported Earnings • Jul 14
Full year 2021 earnings released: EPS HK$0.51 (vs HK$0.52 in FY 2020) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: HK$5.38b (down 1.7% from FY 2020). Net income: HK$721.5m (down 3.0% from FY 2020). Profit margin: 13% (in line with FY 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment deteriorated over the past week After last week's 18% share price decline to HK$4.66, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Luxury industry in Hong Kong. Total loss to shareholders of 10% over the past three years. Reported Earnings • Jun 27
Full year 2021 earnings released: EPS HK$0.51 (vs HK$0.52 in FY 2020) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: HK$5.38b (down 1.7% from FY 2020). Net income: HK$721.5m (down 3.0% from FY 2020). Profit margin: 13% (in line with FY 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 10% per year. 
