SEHK:3344

Stock Analysis Report

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Executive Summary

GTI Holdings Limited, an investment holding company, produces and sells dyed and cotton yarns and knitted sweaters.


Snowflake Analysis

Worrying balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 3344's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

3344

-0.9%

HK Luxury

4.1%

HK Market


1 Year Return

-92.1%

3344

-7.3%

HK Luxury

-4.7%

HK Market

Return vs Industry: 3344 underperformed the Hong Kong Luxury industry which returned -7.3% over the past year.

Return vs Market: 3344 underperformed the Hong Kong Market which returned -4.7% over the past year.


Shareholder returns

3344IndustryMarket
7 Day0%-0.9%4.1%
30 Day0%-4.9%5.3%
90 Day-44.4%20.2%13.5%
1 Year-92.1%-92.1%-5.1%-7.3%-1.2%-4.7%
3 Year-98.4%-98.4%30.9%17.0%7.7%-3.5%
5 Year-99.4%-99.4%37.0%17.1%7.2%-10.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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


In this section, we usually try to help investors determine whether GTI Holdings is trading at an attractive price based on the cash flow it is expected to produce in the future. But as GTI Holdings has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of 3344’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through GTI Holdings regulatory filings.
  • Explore potentially undervalued companies in the Consumer Durables industry.

Future Growth

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

20.0%

Forecasted Consumer Durables 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 GTI 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 GTI Holdings performed over the past 5 years?

-104.7%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: 3344 is currently unprofitable.

Growing Profit Margin: 3344 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if 3344's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare 3344's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 3344 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (-13%).


Return on Equity

High ROE: 3344 has a negative Return on Equity (-4439.32%), as it is currently unprofitable.


Next Steps

Financial Health

How is GTI Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 3344's short term assets (HK$399.4M) do not cover its short term liabilities (HK$698.3M).

Long Term Liabilities: 3344's short term assets (HK$399.4M) exceed its long term liabilities (HK$127.9M).


Debt to Equity History and Analysis

Debt Level: 3344's debt to equity ratio (8564.6%) is considered high.

Reducing Debt: 3344's debt to equity ratio has increased from 125.1% to 8564.6% 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: Insufficient data to determine if 3344 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 3344 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 3344's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 3344'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 3344's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 3344's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 3344 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 3344'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?

0.8yrs

Average management tenure


CEO

Kan Tse (51yo)

0.67

Tenure

Ms. Kan Tse serves as Chief Executive Officer at GTI Holdings Limited since November 1, 2019. She guaduated from the University of Sydney, Australia. She is a fellow member of the CPA Australia, a member o ...


Leadership Team

NamePositionTenureCompensationOwnership
Sum Poon
Chairman of the Board3.25yrsHK$3.25m49.18% HK$31.0m
Kwok Hung Ng
Executive Director1.83yrsHK$244.16kno data
Kan Tse
Chief Executive Officer0.67yrno datano data
Siu Kay Ip
Financial Controller4.67yrsno datano data
Chun Ming Lin
Senior Manager of Sales Departmentno datano datano data
Xiangbin Hao
Executive director1.5yrsno datano data
Bin Huang
Executive Director0.83yrno datano data
Ching Chan
Company Secretary0.83yrno datano data

0.8yrs

Average Tenure

53yo

Average Age

Experienced Management: 3344's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Sum Poon
Chairman of the Board3.25yrsHK$3.25m49.18% HK$31.0m
Kwok Hung Ng
Executive Director1.83yrsHK$244.16kno data
Xiangbin Hao
Executive director1.5yrsno datano data
Bin Huang
Executive Director0.83yrno datano data
Shu Kin Chan
Independent Non-Executive Director5.08yrsHK$240.00kno data
Fai Tsang
Director of Chinakey (Hong Kong) Limitedno dataHK$902.00kno data
Kwok Sang Tse
Independent Non-Executive Director5yrsHK$240.00kno data
Wai Piu Chiu
Independent Non-Executive Director4.83yrsHK$240.00kno data
Fuxiang Sui
Non-Executive Director0.67yrno datano data

2.5yrs

Average Tenure

56yo

Average Age

Experienced Board: 3344's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: 3344 insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: GTI Holdings Limited
  • Ticker: 3344
  • Exchange: SEHK
  • Founded: 2004
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: HK$62.988m
  • Shares outstanding: 6.30b
  • Website: https://www.gtiholdings.com.hk

Number of Employees


Location

  • GTI Holdings Limited
  • 822 Lai Chi Kok Road
  • 9th floor
  • Cheung Sha Wan
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3344SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDOct 2005

Biography

GTI Holdings Limited, an investment holding company, produces and sells dyed and cotton yarns and knitted sweaters. The company operates through four segments: Production, Sale and Trading of Textile Products; Trading of Petroleum; Provision of Financial Services; and RMB Banknotes Clearing up Services and Others. Its products include dyed yarns made of cotton, cashmere, ramie, rayon, acrylic, polyester, silk, wool, nylon, and linen, as well as a mixture of various dyed yarns; and knitted sweaters comprising cardigans and pullovers, as well as socks and hosiery products. The company also provides yarn dyeing and knitting services; trades in dyed yarn, cotton raw white yarn, and fancy yarn; and invests in natural gas business. In addition, it is involved in the manufacture and trading of knitted clothes, hats, gloves, socks, and scarves; trading of knitted sweaters, garments and environment products; provision of human resource management, office, and asset management services; and property holding business. The company operates in the People's Republic of China and other Asian countries, Europe, and North America. GTI Holdings Limited was formerly known as Addchance Holdings Limited and changed its name to GTI Holdings Limited in February 2018. The company was incorporated in 2004 and is headquartered in Cheung Sha Wan, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/05 12:41
End of Day Share Price2020/07/03 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.