Announcement • Mar 17
Cirtek Holdings Limited to Report Fiscal Year 2025 Results on Mar 30, 2026 Cirtek Holdings Limited announced that they will report fiscal year 2025 results on Mar 30, 2026 Reported Earnings • Sep 30
First half 2025 earnings released: EPS: HK$0.012 (vs HK$0.016 in 1H 2024) First half 2025 results: EPS: HK$0.012 (down from HK$0.016 in 1H 2024). Revenue: HK$258.2m (down 2.4% from 1H 2024). Net income: HK$24.3m (down 22% from 1H 2024). Profit margin: 9.4% (down from 12% in 1H 2024). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 31
First half 2025 earnings released: EPS: HK$0.012 (vs HK$0.016 in 1H 2024) First half 2025 results: EPS: HK$0.012 (down from HK$0.016 in 1H 2024). Revenue: HK$258.2m (down 2.4% from 1H 2024). Net income: HK$24.3m (down 22% from 1H 2024). Profit margin: 9.4% (down from 12% in 1H 2024). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Aug 15
Cirtek Holdings Limited to Report First Half, 2025 Results on Aug 28, 2025 Cirtek Holdings Limited announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • Jun 20
Cirtek Holdings Limited Approves Final Dividend for the Year Ended 31 December 2024 Cirtek Holdings Limited at the Annual General Meeting held on 20 June 2025 approved to declare a final dividend of HKD 0.0075 per ordinary share for the year ended 31 December 2024. Reported Earnings • May 01
Full year 2024 earnings released: EPS: HK$0.031 (vs HK$0.013 loss in FY 2023) Full year 2024 results: EPS: HK$0.031 (up from HK$0.013 loss in FY 2023). Revenue: HK$551.0m (up 48% from FY 2023). Net income: HK$61.9m (up HK$87.5m from FY 2023). Profit margin: 11% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. New Risk • Apr 06
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 9.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (HK$159.2m market cap, or US$20.5m). Reported Earnings • Apr 02
Full year 2024 earnings released: EPS: HK$0.031 (vs HK$0.013 loss in FY 2023) Full year 2024 results: EPS: HK$0.031 (up from HK$0.013 loss in FY 2023). Revenue: HK$551.0m (up 48% from FY 2023). Net income: HK$61.9m (up HK$87.5m from FY 2023). Profit margin: 11% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Mar 14
Cirtek Holdings Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 Cirtek Holdings Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 New Risk • Jan 24
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 9.8% 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 30% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Market cap is less than US$100m (HK$151.2m market cap, or US$19.4m). Buy Or Sell Opportunity • Dec 09
Now 25% overvalued Over the last 90 days, the stock has fallen 4.5% to HK$0.042. The fair value is estimated to be HK$0.034, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Sep 28
First half 2024 earnings released: EPS: HK$0.016 (vs HK$0.009 loss in 1H 2023) First half 2024 results: EPS: HK$0.016 (up from HK$0.009 loss in 1H 2023). Revenue: HK$264.5m (up 65% from 1H 2023). Net income: HK$31.3m (up HK$50.1m from 1H 2023). Profit margin: 12% (up from net loss in 1H 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Aug 20
Cirtek Holdings Limited to Report First Half, 2024 Results on Aug 28, 2024 Cirtek Holdings Limited announced that they will report first half, 2024 results on Aug 28, 2024 Board Change • Jul 01
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. 7 experienced directors. No highly experienced directors. Independent Non-Executive Director Mei Yan Luk was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 29
Full year 2023 earnings released: HK$0.013 loss per share (vs HK$0.006 profit in FY 2022) Full year 2023 results: HK$0.013 loss per share (down from HK$0.006 profit in FY 2022). Revenue: HK$372.3m (down 8.9% from FY 2022). Net loss: HK$25.7m (down 305% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Announcement • Mar 28
Cirtek Holdings Limited, Annual General Meeting, Jun 21, 2024 Cirtek Holdings Limited, Annual General Meeting, Jun 21, 2024. Announcement • Mar 16
Cirtek Holdings Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 Cirtek Holdings Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 New Risk • Feb 24
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 10.0% 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 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 31% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10.0% average weekly change). Market cap is less than US$100m (HK$80.0m market cap, or US$10.2m). Buy Or Sell Opportunity • Feb 15
Now 23% overvalued Over the last 90 days, the stock has fallen 7.9% to HK$0.035. The fair value is estimated to be HK$0.028, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company became loss making. New Risk • Nov 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$78.0m (US$9.97m) 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 31% per year over the past 5 years. Market cap is less than US$10m (HK$78.0m market cap, or US$9.97m). Reported Earnings • Sep 04
First half 2023 earnings released: HK$0.009 loss per share (vs HK$0.005 profit in 1H 2022) First half 2023 results: HK$0.009 loss per share (down from HK$0.005 profit in 1H 2022). Revenue: HK$160.3m (down 25% from 1H 2022). Net loss: HK$18.8m (down 302% from profit in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 8% per year. Announcement • Aug 20
Cirtek Holdings Limited Provides Preliminary Consolidated Earnings Guidance for the Six Months Ended 30 June 2023 Cirtek Holdings Limited provided preliminary consolidated earnings guidance for the six months ended 30 June 2023. Based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2023 (the "Reporting Period") and the information currently available to the Board, the Group expected to record a loss after tax of not more than HKD 19 million for the Reporting Period, as compared to profit after tax of HKD 9 million for the six months ended 30 June 2022. The loss for the Reporting Period is mainly attributable to a difficult economic environment which results in a reduction in revenue. Announcement • Aug 19
Cirtek Holdings Limited to Report First Half, 2023 Results on Aug 30, 2023 Cirtek Holdings Limited announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: HK$0.006 (vs HK$0.007 in FY 2021) Full year 2022 results: EPS: HK$0.006 (down from HK$0.007 in FY 2021). Revenue: HK$408.6m (up 13% from FY 2021). Net income: HK$12.6m (down 16% from FY 2021). Profit margin: 3.1% (down from 4.1% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 01
First half 2022 earnings released: EPS: HK$0.005 (vs HK$0.001 in 1H 2021) First half 2022 results: EPS: HK$0.005 (up from HK$0.001 in 1H 2021). Revenue: HK$212.9m (up 36% from 1H 2021). Net income: HK$9.27m (up 334% from 1H 2021). Profit margin: 4.4% (up from 1.4% in 1H 2021). The increase in margin was driven by higher revenue. Reported Earnings • Sep 01
First half 2022 earnings released: EPS: HK$0.005 (vs HK$0.001 in 1H 2021) First half 2022 results: EPS: HK$0.005 (up from HK$0.001 in 1H 2021). Revenue: HK$212.9m (up 36% from 1H 2021). Net income: HK$9.27m (up 334% from 1H 2021). Profit margin: 4.4% (up from 1.4% in 1H 2021). The increase in margin was driven by higher revenue. Announcement • Aug 19
Cirtek Holdings Limited to Report First Half, 2022 Results on Aug 30, 2022 Cirtek Holdings Limited announced that they will report first half, 2022 results on Aug 30, 2022 Announcement • Aug 18
Cirtek Holdings Limited Provides Earnings Guidance for the Six-Months Period Ended 30 June 2022 Cirtek Holdings Limited provided earnings guidance for the six-months period ended 30 June 2022. The group expects to record a revenue of not less than HKD 200.0 million for the Reporting Period as compared to approximately HKD 156.4 million for the six-months period ended 30 June 2021 (the "Corresponding Period"). Moreover, the Group expects to record a net profit after tax of not less than HKD 7.0 million for the Reporting Period as compared to approximately HKD 2.1 million for the Corresponding Period. Announcement • Jun 18
Cirtek Holdings Limited Announces Final Dividend for the Year Ended 31 December 2021 Cirtek Holdings Limited announced final dividend of HK0.25 cents per ordinary share for the year ended 31 December 2021. Announcement • May 04
Cirtek Holdings Limited Proposes Final Dividend for the Year Ended 31 December 2021, Payable on 08 July 2022 Cirtek Holdings Limited proposed Final Dividend of HKD 0.0025 per share for the year ended 31 December 2021, payable on 08 July 2022. Ex-dividend date is 21 June 2022 and Record date is 24 June 2022. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. Chairman Barry Chan is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 01
Cirtek Holdings Limited, Annual General Meeting, Jun 17, 2022 Cirtek Holdings Limited, Annual General Meeting, Jun 17, 2022. Agenda: to consider dividend. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: HK$0.008 (vs HK$0.001 in FY 2020) Full year 2021 results: EPS: HK$0.008 (up from HK$0.001 in FY 2020). Revenue: HK$362.5m (up 40% from FY 2020). Net income: HK$15.0m (up HK$13.3m from FY 2020). Profit margin: 4.1% (up from 0.6% in FY 2020). The increase in margin was driven by higher revenue. Announcement • Mar 31
Cirtek Holdings Limited Proposes Ordinary Final Dividend for the Year Ended 31 December 2021, Payable on 8 July 2022 Cirtek Holdings Limited proposed Ordinary Final Dividend of HKD 0.0025 per share for the year ended 31 December 2021. Payment date: 08 July 2022. Reported Earnings • Sep 05
First half 2021 earnings released: EPS HK$0.001 (vs HK$0.007 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: HK$156.4m (up 37% from 1H 2020). Net income: HK$2.14m (up HK$14.0m from 1H 2020). Profit margin: 1.4% (up from net loss in 1H 2020). Announcement • Aug 08
Cirtek Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended June 30, 2021 Cirtek Holdings Limited provided unaudited consolidated earnings guidance for the six months ended June 30, 2021. For the six months, it is expected that a net profit of not less than approximately HKD 2.0 million for the Reporting Period would be recorded as compared to a net loss of approximately HKD 11.8 million for the corresponding period in 2020. Executive Departure • Jun 25
Independent Non-Executive Director Chi Wing Wong has left the company On the 18th of June, Chi Wing Wong's tenure as Independent Non-Executive Director ended after 1.3 years in the role. We don't have any record of a personal shareholding under Chi Wing's name. Chi Wing is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.08 years. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS HK$0.001 (vs HK$0.017 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: HK$259.3m (down 27% from FY 2019). Net income: HK$1.65m (down 94% from FY 2019). Profit margin: 0.6% (down from 7.2% in FY 2019). The decrease in margin was driven by lower revenue. Announcement • Mar 18
Cirtek Holdings Limited to Report Fiscal Year 2020 Results on Mar 29, 2021 Cirtek Holdings Limited announced that they will report fiscal year 2020 results on Mar 29, 2021 Reported Earnings • Oct 01
First half earnings released Over the last 12 months the company has reported total profits of HK$3.38m, down 88% from the prior year. Total revenue was HK$295.9m over the last 12 months, down 18% from the prior year. Announcement • Aug 15
Cirtek Holdings Limited to Report First Half, 2020 Results on Aug 27, 2020 Cirtek Holdings Limited announced that they will report first half, 2020 results on Aug 27, 2020