New Risk • Apr 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Negative equity (-US$3.6m). Earnings have declined by 49% per year over the past 5 years. Market cap is less than US$10m (HK$64.4m market cap, or US$8.22m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Announcement • Apr 24
CMON Limited (SEHK:1792) entered into the Agreement to acquire 2.20% stake in Blissful Link Investments Limited from Ho Tong Ho for HKD 16.5 million. CMON Limited (SEHK:1792) entered into the Agreement to acquire 2.20% stake in Blissful Link Investments Limited from Ho Tong Ho for HKD 16.5 million on April 23, 2026. The transaction is subject to undertaking a due diligence investigation in respect of the Blissful Link Investments Limited, the approval of the transaction contemplated in the Agreement by the board of directors of the Blissful Link Investments Limited, the approval of the transaction contemplated in the Agreement by the board of directors of the CMON Limited. Reported Earnings • Apr 04
Full year 2025 earnings released: US$0.36 loss per share (vs US$0.052 loss in FY 2024) Full year 2025 results: US$0.36 loss per share (further deteriorated from US$0.052 loss in FY 2024). Revenue: US$9.91m (down 74% from FY 2024). Net loss: US$19.9m (loss widened US$16.9m from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Announcement • Mar 31
CMON Limited, Annual General Meeting, Jun 30, 2026 CMON Limited, Annual General Meeting, Jun 30, 2026. Buy Or Sell Opportunity • Mar 26
Now 21% undervalued Over the last 90 days, the stock has risen 29% to HK$1.01. The fair value is estimated to be HK$1.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company became loss making. Announcement • Mar 19
CMON Limited to Report Fiscal Year 2025 Results on Mar 31, 2026 CMON Limited announced that they will report fiscal year 2025 results on Mar 31, 2026 Buy Or Sell Opportunity • Feb 23
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 40% to HK$1.57. The fair value is estimated to be HK$1.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company became loss making. Announcement • Feb 12
CMON Limited has completed a Follow-on Equity Offering in the amount of HKD 9.804 million. CMON Limited has completed a Follow-on Equity Offering in the amount of HKD 9.804 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,320,000
Price\Range: HKD 0.95
Discount Per Security: HKD 0.0285
Transaction Features: Subsequent Direct Listing Buy Or Sell Opportunity • Feb 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 38% to HK$1.15. The fair value is estimated to be HK$1.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jan 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 35% to HK$1.19. The fair value is estimated to be HK$1.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company became loss making. Announcement • Jan 20
CMON Limited has filed a Follow-on Equity Offering in the amount of HKD 8.256 million. CMON Limited has filed a Follow-on Equity Offering in the amount of HKD 8.256 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,320,000
Price\Range: HKD 0.8
Discount Per Security: HKD 0.024
Transaction Features: Subsequent Direct Listing Announcement • Jan 03
CMON Limited Appoints Li Xuejin as Member of the Nomination Committee, Effective December 31, 2025 CMON Limited announced that Ms. Li Xuejin, a non-executive Director, has been appointed as a member of the Nomination Committee of the Board with effect from December 31, 2025. Following the appointment, the Nomination Committee comprises three independent non-executive Directors (Mr. Wong Yu Shan Eugene, Mr. Choy Man, and Mr. Leung Yuk Hung Paul) and one non-executive Director (Ms. Li Xuejin). Mr. Choy Man continues as the chairman of the Nomination Committee. The Nomination Committee now includes one member of a different gender and continues to comprise a majority of independent non-executive directors. The Board believes that implementing such change could strengthen the effectiveness and diversity of the Board, and further enhances good corporate governance practices of the Company as a whole. Board Change • Dec 29
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. 3 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Paul Leung was the last independent director to join the board, commencing their role in 2021. 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 • Dec 21
Insider recently sold HK$6.7m worth of stock On the 15th of December, David Preti sold around 5m shares on-market at roughly HK$1.35 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of HK$7.5m more than they bought in the last 12 months. Buy Or Sell Opportunity • Nov 22
Now 31% undervalued Over the last 90 days, the stock has risen 107% to HK$0.029. The fair value is estimated to be HK$0.042, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company became loss making. Announcement • Nov 08
CMON Limited has withdrawn its Follow-on Equity Offering in the amount of HKD 6.5016 million. CMON Limited has withdrawn its Follow-on Equity Offering in the amount of HKD 6.5016 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 361,200,000
Price\Range: HKD 0.018
Discount Per Security: HKD 0.00054
Transaction Features: Subsequent Direct Listing Buy Or Sell Opportunity • Nov 07
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 279% to HK$0.053. The fair value is estimated to be HK$0.044, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Oct 21
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 219% to HK$0.051. The fair value is estimated to be HK$0.04, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company became loss making. Announcement • Oct 20
CMON Limited has filed a Follow-on Equity Offering in the amount of HKD 6.5016 million. CMON Limited has filed a Follow-on Equity Offering in the amount of HKD 6.5016 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 361,200,000
Price\Range: HKD 0.018
Discount Per Security: HKD 0.00054
Transaction Features: Subsequent Direct Listing New Risk • Sep 10
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 16% 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 (16% average weekly change). Earnings have declined by 11% per year over the past 5 years. Market cap is less than US$10m (HK$34.3m market cap, or US$4.41m). Reported Earnings • Sep 03
First half 2025 earnings released: US$0.003 loss per share (vs US$0 in 1H 2024) First half 2025 results: US$0.003 loss per share (further deteriorated from US$0 in 1H 2024). Revenue: US$3.43m (down 78% from 1H 2024). Net loss: US$6.98m (down US$7.15m from profit in 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Announcement • Aug 18
CMON Limited to Report First Half, 2025 Results on Aug 28, 2025 CMON Limited announced that they will report first half, 2025 results on Aug 28, 2025 Reported Earnings • Jun 04
Full year 2024 earnings released: US$0.001 loss per share (vs US$0 in FY 2023) Full year 2024 results: US$0.001 loss per share (further deteriorated from US$0 in FY 2023). Revenue: US$37.4m (down 17% from FY 2023). Net loss: US$3.05m (down US$3.80m from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 31 percentage points per year, which is a significant difference in performance. Announcement • May 29
CMON Limited, Annual General Meeting, Jun 26, 2025 CMON Limited, Annual General Meeting, Jun 26, 2025, at 11:00 Singapore Standard Time. Location: 201 henderson road, 07/08-01, apex @ henderson, 159545, Singapore New Risk • May 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Market cap is less than US$10m (HK$25.3m market cap, or US$3.23m). Board Change • May 02
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. 4 experienced directors. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Paul Leung was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Mar 31
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 Risk Market cap is less than US$10m (HK$43.3m market cap, or US$5.57m). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Announcement • Mar 18
CMON Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 CMON Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 New Risk • Jan 01
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 13% 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 Market cap is less than US$10m (HK$43.3m market cap, or US$5.58m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Announcement • Jan 01
Cmon Limited Announces Appointment of Li Xuejin as Non-Executive Director CMON Limited announced that Ms. Li Xuejin has been appointed as a non-executive Director with effect from 30 December 2024. Ms. Li, aged 36, has over 10 years of experience in the accounting and compliance industry. She joined Opes Services Pte. Ltd., a company in Singapore which provides accounting & GST services, in April 2014 and is currently a director of Opes Services Pte. Ltd., overseeing its operations. Ms. Li obtained a Bachelor of Business Administration from the University of Northern Virginia in July 2008. Ms. Li completed Introductory Level, Intermediate Level and Advanced Level of the Certified Accounting Technician Examinations at session December 2008, June 2009 and June 2011 respectively. Ms. Li was also awarded the ATTS Specialist Certificate in Taxation in December 2018 by the Association of Taxation Technicians Singapore. Reported Earnings • Oct 01
First half 2024 earnings released: EPS: US$0 (vs US$0 in 1H 2023) First half 2024 results: EPS: US$0 (in line with 1H 2023). Revenue: US$15.9m (down 25% from 1H 2023). Net income: US$174.1k (down 39% from 1H 2023). Profit margin: 1.1% (down from 1.3% in 1H 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. New Risk • May 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 8.4% per year over the past 5 years. Market cap is less than US$10m (HK$69.4m market cap, or US$8.87m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: US$0 (vs US$0 in FY 2022) Full year 2023 results: EPS: US$0 (in line with FY 2022). Revenue: US$45.1m (flat on FY 2022). Net income: US$755.9k (up 30% from FY 2022). Profit margin: 1.7% (up from 1.3% in FY 2022). Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Announcement • Mar 29
CMON Limited, Annual General Meeting, May 28, 2024 CMON Limited, Annual General Meeting, May 28, 2024. Buy Or Sell Opportunity • Mar 20
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to HK$0.03. The fair value is estimated to be HK$0.024, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Mar 19
CMON Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 CMON Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 New Risk • Jan 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 19% per year over the past 5 years. Market cap is less than US$10m (HK$52.4m market cap, or US$6.70m). Buy Or Sell Opportunity • Jan 26
Now 49% overvalued Over the last 90 days, the stock has fallen 6.5% to HK$0.029. The fair value is estimated to be HK$0.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Sep 02
First half 2023 earnings released: EPS: US$0 (vs US$0 in 1H 2022) First half 2023 results: EPS: US$0 (in line with 1H 2022). Revenue: US$21.2m (up 40% from 1H 2022). Net income: US$283.7k (up 111% from 1H 2022). Profit margin: 1.3% (up from 0.9% in 1H 2022). The increase in margin was driven by higher revenue. Announcement • Aug 19
CMON Limited to Report First Half, 2023 Results on Aug 30, 2023 CMON Limited announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Mar 31
Full year 2022 earnings released Full year 2022 results: Revenue: US$45.3m (up 20% from FY 2021). Net income: US$579.6k (up 38% from FY 2021). Profit margin: 1.3% (up from 1.1% in FY 2021). The increase in margin was driven by higher revenue. Board Change • Nov 16
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 Paul Leung was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 31
First half 2022 earnings released: EPS: US$0 (vs US$0 in 1H 2021) First half 2022 results: EPS: US$0 (vs US$0 in 1H 2021). Revenue: US$15.2m (flat on 1H 2021). Net income: US$134.4k (up 304% from 1H 2021). Profit margin: 0.9% (up from 0.2% in 1H 2021). Announcement • Aug 18
CMON Limited to Report First Half, 2022 Results on Aug 29, 2022 CMON Limited announced that they will report first half, 2022 results on Aug 29, 2022 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. 4 non-independent directors. Independent Non-Executive Director Paul Leung was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 23
CMON Limited Appoints David Preti Executive Director The board of directors of CMON Limited announce that with effect from 22 April 2022, Mr. David Preti, the chief operating officer of the Company, has been appointed as an executive Director. Mr. Preti will nevertheless continue serving in his capacity as the chief operating officer of the Company. Mr. Preti, aged 52, joined the Group as creative director in April 2016 and since December 2018 has been serving as the chief operating officer of the Company. He is currently primarily responsible for overseeing game development and production. Mr. Preti has over 10 years of experience in the gaming industry. From 2007 to 2016, Mr. Preti was a director and shareholder of Dustgame Limited, a board game publisher. Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: US$0 (vs US$0.003 loss in FY 2020) Full year 2021 results: EPS: US$0 (up from US$0.003 loss in FY 2020). Revenue: US$37.8m (up 50% from FY 2020). Net income: US$421.1k (up US$5.32m from FY 2020). Profit margin: 1.1% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Announcement • Mar 31
CMON Limited, Annual General Meeting, May 27, 2022 CMON Limited, Annual General Meeting, May 27, 2022. Announcement • Feb 24
CMON Limited Provides Consolidated Earnings Guidance for the Year Ended 31 December 2021 CMON Limited provided earnings guidance for the year ended December 31, 2021. For the period, the company expected to record a profit attributable to equity holders of the Company of not more than USD 1.0 million for the year ended 31 December 2021 as compared to the loss of the Group for the year ended 31 December 2020 of approximately USD 4.9 million. Announcement • Feb 18
CMON Limited Provides Consolidated Earnings Guidance for the Year Ended December 31, 2021 CMON Limited provided consolidated earnings guidance for the year ended December 31, 2021. Based on the preliminary review and assessment of the information currently available to the Board, including the unaudited consolidated financial results of the Group for the year ended 31 December 2021, the Group is expected to record a profit attributable to equity holders of the Company for the year ended 31 December 2021 as compared to the loss of approximately USD 4.9 million of the Group for the year ended 31 December 2020. As stated in the annual results announcement of the Company dated 26 March 2021, profitability for the year ended 31 December 2020 was depressed mainly due to the COVID-19 pandemic as China was in lockdown during the first quarter of 2020 and since the Group's contract manufacturers are mostly based in China, the Group was unable to produce or ship its games to customers. Sales in the third and fourth quarters of 2020 and throughout 2021 have recovered to pre-COVID levels, and the Group's sales, in particular to wholesalers, have grown substantially for the year ended 31 December 2021. Announcement • Mar 17
CMON Limited to Report Fiscal Year 2020 Results on Mar 26, 2021 CMON Limited announced that they will report fiscal year 2020 results on Mar 26, 2021