SEHK:677

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Golden Resources Development International

Executive Summary

Golden Resources Development International Limited, an investment holding company, engages in sourcing, importing, wholesaling, processing, packaging, marketing, and distribution of rice in Hong Kong, Vietnam, and internationally.


Snowflake Analysis

Flawless balance sheet with proven track record.

Share Price & News

How has Golden Resources Development International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 677 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.7%

677

-5.4%

HK Consumer Retailing

6.0%

HK Market


1 Year Return

1.8%

677

44.5%

HK Consumer Retailing

-4.0%

HK Market

Return vs Industry: 677 underperformed the Hong Kong Consumer Retailing industry which returned 44.7% over the past year.

Return vs Market: 677 exceeded the Hong Kong Market which returned -4% over the past year.


Shareholder returns

677IndustryMarket
7 Day-1.7%-5.4%6.0%
30 Day-3.4%-8.4%4.3%
90 Day-18.6%-0.3%-2.4%
1 Year6.2%1.8%47.2%44.5%-0.5%-4.0%
3 Year25.9%9.6%21.1%15.4%1.4%-9.2%
5 Year15.4%-9.5%39.9%24.7%-9.3%-23.6%

Price Volatility Vs. Market

How volatile is Golden Resources Development International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Golden Resources Development International undervalued compared to its fair value and its price relative to the market?

25.53x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 677 (HK$0.57) is trading above our estimate of fair value (HK$0.31)

Significantly Below Fair Value: 677 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 677 is poor value based on its PE Ratio (25.5x) compared to the Consumer Retailing industry average (17.2x).

PE vs Market: 677 is poor value based on its PE Ratio (25.5x) compared to the Hong Kong market (9.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 677's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 677 is good value based on its PB Ratio (0.8x) compared to the HK Consumer Retailing industry average (0.8x).


Next Steps

Future Growth

How is Golden Resources Development International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.6%

Forecasted Consumer Retailing 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 Golden Resources Development International 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 Golden Resources Development International performed over the past 5 years?

-27.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 677 has high quality earnings.

Growing Profit Margin: 677's current net profit margins (2.4%) are higher than last year (0.9%).


Past Earnings Growth Analysis

Earnings Trend: 677's earnings have declined by -27.1% per year over the past 5 years.

Accelerating Growth: 677's earnings growth over the past year (217%) exceeds its 5-year average (-27.1% per year).

Earnings vs Industry: 677 earnings growth over the past year (217%) exceeded the Consumer Retailing industry 5.3%.


Return on Equity

High ROE: 677's Return on Equity (3.1%) is considered low.


Next Steps

Financial Health

How is Golden Resources Development International's financial position?


Financial Position Analysis

Short Term Liabilities: 677's short term assets (HK$842.5M) exceed its short term liabilities (HK$289.6M).

Long Term Liabilities: 677's short term assets (HK$842.5M) exceed its long term liabilities (HK$226.2M).


Debt to Equity History and Analysis

Debt Level: 677 is debt free.

Reducing Debt: 677 has no debt compared to 5 years ago when its debt to equity ratio was 0.6%.

Debt Coverage: 677 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 677 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Golden Resources Development International's current dividend yield, its reliability and sustainability?

4.04%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 677's dividend (4.04%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.43%).

High Dividend: 677's dividend (4.04%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.03%).


Stability and Growth of Payments

Stable Dividend: 677's dividends per share have been stable in the past 10 years.

Growing Dividend: 677's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (103%), 677's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

4.3yrs

Average board tenure


CEO

Anthony Lam (52yo)

6.75yrs

Tenure

HK$3,758,000

Compensation

Mr. Lam Sai Ho, also known as Anthony, has been the Chief Executive Officer of Golden Resources Development International Limited since October 9, 2017. Mr. Lam served as Managing Director of Golden Resour ...


CEO Compensation Analysis

Compensation vs Market: Anthony's total compensation ($USD484.90K) is above average for companies of similar size in the Hong Kong market ($USD228.98K).

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


Board Members

NamePositionTenureCompensationOwnership
Kwing Chee Lam
Chairman of the Board3.83yrsHK$4.61m0.62% HK$6.0m
Sai Lam
Vice Chairman & CEO6.75yrsHK$3.76mno data
Siu Tsang
Finance Director & Executive Directorno dataHK$2.22m0.15% HK$1.4m
Sai Mann Lam
Executive Director5.33yrsHK$478.00k5.24% HK$50.7m
Mai-Tong Yuen
Executive Director3.25yrsHK$1.41mno data
Mou Yan
Independent Non-Executive Director6.75yrsHK$100.00kno data
Tat Chi Yu
Independent Non-Executive Director7.83yrsHK$100.00kno data
Yuen To Lam
Independent Non-Executive Director4.83yrsHK$100.00kno data
Saihong Lam
Non-Executive Director3.75yrsHK$100.00k4.43% HK$42.9m

4.3yrs

Average Tenure

53yo

Average Age

Experienced Board: 677's board of directors are considered experienced (4.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: 677 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

Golden Resources Development International Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Golden Resources Development International Limited
  • Ticker: 677
  • Exchange: SEHK
  • Founded: 1946
  • Industry: Food Distributors
  • Sector: Consumer Retailing
  • Market Cap: HK$967.522m
  • Shares outstanding: 1.70b
  • Website: https://www.grdil.com

Number of Employees


Location

  • Golden Resources Development International Limited
  • Golden Resources Centre
  • 11th Floor
  • Tsing Yi Island
  • New Territories
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
677SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992

Biography

Golden Resources Development International Limited, an investment holding company, engages in sourcing, importing, wholesaling, processing, packaging, marketing, and distribution of rice in Hong Kong, Vietnam, and internationally. The company operates through five divisions: Rice Operation, Convenience Store Operation, Securities Investment, Property Investment, and Corporate and Others. It is also involved in the operation of convenience stores; investment in equity and debt securities; and property investment, holding, and development activities. In addition, the company offers warehousing, logistics, money lending, and rice importing and re-exporting services; constructs water distribution networks; and holds trademarks. It markets approximately 30 brands of processed rice, including Golden Elephant, Kangaroo, Kam Heung Premium, Golden Boat, Cherry Blossom Castle, Amstar, Krampton, Kwai Fa, Tiwo, Jewellery, White Swan, Golden Harbour, and Green Field brands. The company was founded in 1946 and is headquartered in Tsing Yi Island, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 12:46
End of Day Share Price2020/06/05 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.