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Golden Resources Development International

SEHK:677
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
677
SEHK
HK$1B
Market Cap
  1. Home
  2. HK
  3. Consumer Retailing
Company description

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, other regions in the People’s Republic of China, and internationally. The last earnings update was 154 days ago. More info.


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677 Share Price and Events
7 Day Returns
-1.7%
SEHK:677
5.4%
HK Consumer Retailing
-2.5%
HK Market
1 Year Returns
25.5%
SEHK:677
-25.7%
HK Consumer Retailing
-15.9%
HK Market
677 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Golden Resources Development International (677) -1.7% -10.6% -1.7% 25.5% 43.9% 40.5%
HK Consumer Retailing 5.4% -1.4% -9.7% -25.7% 7.7% -34.1%
HK Market -2.5% -8.6% -3.6% -15.9% 25.4% 7.8%
1 Year Return vs Industry and Market
  • 677 outperformed the Consumer Retailing industry which returned -25.7% over the past year.
  • 677 outperformed the Market in Hong Kong which returned -15.9% over the past year.
Price Volatility
677
Industry
5yr Volatility vs Market

677 Value

 Is Golden Resources Development International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Golden Resources Development International. This is due to cash flow or dividend data being unavailable. The share price is HK$0.59.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Golden Resources Development International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Golden Resources Development International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:677 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in HKD HK$0.01
SEHK:677 Share Price ** SEHK (2019-05-20) in HKD HK$0.59
Hong Kong Consumer Retailing Industry PE Ratio Median Figure of 19 Publicly-Listed Consumer Retailing Companies 15.77x
Hong Kong Market PE Ratio Median Figure of 1,476 Publicly-Listed Companies 11.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Golden Resources Development International.

SEHK:677 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:677 Share Price ÷ EPS (both in HKD)

= 0.59 ÷ 0.01

82.16x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Golden Resources Development International is overvalued based on earnings compared to the HK Consumer Retailing industry average.
  • Golden Resources Development International is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Golden Resources Development International's expected growth come at a high price?
Raw Data
SEHK:677 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 82.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
26.2%per year
Asia Consumer Retailing Industry PEG Ratio Median Figure of 6 Publicly-Listed Consumer Retailing Companies 3.17x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.79x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Golden Resources Development International, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Golden Resources Development International's assets?
Raw Data
SEHK:677 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in HKD HK$0.74
SEHK:677 Share Price * SEHK (2019-05-20) in HKD HK$0.59
Hong Kong Consumer Retailing Industry PB Ratio Median Figure of 33 Publicly-Listed Consumer Retailing Companies 1.05x
Hong Kong Market PB Ratio Median Figure of 2,155 Publicly-Listed Companies 0.97x
SEHK:677 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:677 Share Price ÷ Book Value per Share (both in HKD)

= 0.59 ÷ 0.74

0.8x

* Primary Listing of Golden Resources Development International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Golden Resources Development International is good value based on assets compared to the HK Consumer Retailing industry average.
X
Value checks
We assess Golden Resources Development International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Retailing industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Retailing industry average (and greater than 0)? (1 check)
  5. Golden Resources Development International has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

677 Future Performance

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

  • No analysts cover Golden Resources Development International, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
26.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Golden Resources Development International expected to grow at an attractive rate?
  • Golden Resources Development International's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Golden Resources Development International's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare Golden Resources Development International's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:677 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:677 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 26.2%
Hong Kong Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 6.4%
Asia Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 9.9%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:677 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:677 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-09-30 1,310 -35 12
2018-06-30 1,259 -2 39
2018-03-31 1,209 30 65
2017-12-31 1,169 89 68
2017-09-30 1,130 147 71
2017-06-30 1,100 209 65
2017-03-31 1,070 270 60
2016-12-31 1,060 259 34
2016-09-30 1,049 248 8
2016-06-30 1,031 194 -19
2016-03-31 1,014 140 -46
2015-12-31 1,009 83 -7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Golden Resources Development International's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Golden Resources Development International is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:677 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Golden Resources Development International Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:677 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-09-30 0.01
2018-06-30 0.02
2018-03-31 0.04
2017-12-31 0.04
2017-09-30 0.04
2017-06-30 0.04
2017-03-31 0.04
2016-12-31 0.02
2016-09-30 0.00
2016-06-30 -0.01
2016-03-31 -0.03
2015-12-31 0.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Golden Resources Development International will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Golden Resources Development International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Golden Resources Development International has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

677 Past Performance

  How has Golden Resources Development International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Golden Resources Development International's growth in the last year to its industry (Consumer Retailing).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Golden Resources Development International's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Golden Resources Development International's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Golden Resources Development International's 1-year earnings growth is negative, it can't be compared to the HK Consumer Retailing industry average.
Earnings and Revenue History
Golden Resources Development International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Golden Resources Development International Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:677 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 1,309.51 12.19 418.75
2018-06-30 1,259.06 38.78 406.49
2018-03-31 1,208.62 65.37 394.24
2017-12-31 1,169.49 68.01 377.93
2017-09-30 1,130.36 70.65 361.62
2017-06-30 1,100.27 65.21 347.74
2017-03-31 1,070.18 59.76 333.86
2016-12-31 1,059.63 33.69 318.55
2016-09-30 1,049.08 7.62 303.24
2016-06-30 1,031.43 -19.07 286.14
2016-03-31 1,013.78 -45.76 269.03
2015-12-31 1,009.35 -6.62 259.31
2015-09-30 1,004.92 32.52 249.60
2015-06-30 1,009.46 87.77 243.68
2015-03-31 1,014.00 143.02 237.77
2014-12-31 1,019.35 140.08 233.53
2014-09-30 1,024.70 137.15 229.30
2014-06-30 1,013.90 110.27 222.28
2014-03-31 1,003.11 83.38 215.26
2013-12-31 980.65 83.44 207.73
2013-09-30 958.19 83.51 200.19
2013-06-30 956.15 87.62 193.04
2013-03-31 954.11 91.73 185.88
2012-12-31 956.51 106.97 181.59
2012-09-30 958.90 122.21 177.31
2012-06-30 949.21 97.17 174.21

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Golden Resources Development International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Golden Resources Development International used its assets less efficiently than the HK Consumer Retailing industry average last year based on Return on Assets.
  • It is difficult to establish if Golden Resources Development International improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Golden Resources Development International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Retailing industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Golden Resources Development International has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

677 Health

 How is Golden Resources Development International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Golden Resources Development International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Golden Resources Development International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Golden Resources Development International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Golden Resources Development International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Golden Resources Development International has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Golden Resources Development International Company Filings, last reported 7 months ago.

SEHK:677 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 1,262.64 0.00 503.61
2018-06-30 1,262.64 0.00 503.61
2018-03-31 1,300.73 0.00 584.72
2017-12-31 1,300.73 0.00 584.72
2017-09-30 1,286.87 0.00 604.39
2017-06-30 1,286.87 0.00 604.39
2017-03-31 1,261.48 0.00 648.91
2016-12-31 1,261.48 0.00 648.91
2016-09-30 1,260.35 18.88 666.62
2016-06-30 1,260.35 18.88 666.62
2016-03-31 1,252.33 7.76 685.84
2015-12-31 1,252.33 7.76 685.84
2015-09-30 1,296.45 7.75 687.07
2015-06-30 1,296.45 7.75 687.07
2015-03-31 1,349.82 7.76 735.36
2014-12-31 1,349.82 7.76 735.36
2014-09-30 1,321.49 7.77 695.71
2014-06-30 1,321.49 7.77 695.71
2014-03-31 1,271.99 7.76 524.91
2013-12-31 1,271.99 7.76 524.91
2013-09-30 1,249.60 7.75 519.33
2013-06-30 1,249.60 7.75 519.33
2013-03-31 1,233.46 14.01 531.91
2012-12-31 1,233.46 14.01 531.91
2012-09-30 1,203.12 24.53 473.71
2012-06-30 1,203.12 24.53 473.71
  • Golden Resources Development International has no debt.
  • Golden Resources Development International has no debt compared to 5 years ago when it was 0.6%.
  • Golden Resources Development International has no debt, it does not need to be covered by operating cash flow.
  • Golden Resources Development International has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Golden Resources Development International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Golden Resources Development International has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

677 Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.73%
Current annual income from Golden Resources Development International dividends.
If you bought HK$2,000 of Golden Resources Development International shares you are expected to receive HK$75 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Golden Resources Development International's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.07%).
  • Golden Resources Development International's dividend is below the markets top 25% of dividend payers in Hong Kong (5.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:677 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 2.4%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 968 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:677 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2018-12-17 0.022 3.846
2018-11-28 0.022 4.449
2018-06-27 0.024 5.137
2017-12-18 0.024 5.024
2017-11-28 0.024 4.849
2017-06-27 0.024 4.822
2016-12-19 0.024 4.907
2016-11-29 0.024 5.229
2016-07-26 0.024 5.309
2016-06-30 0.024 5.746
2015-12-15 0.024 5.728
2015-11-25 0.024 5.122
2015-07-28 0.024 4.979
2015-06-23 0.024 4.410
2014-12-16 0.024 4.651
2014-11-27 0.024 5.085
2014-07-28 0.024 5.233
2014-06-24 0.024 5.560
2013-12-17 0.024 5.704
2013-11-27 0.024 5.434
2013-07-26 0.024 5.600
2013-06-27 0.024 5.723
2012-11-28 0.024 5.866
2012-06-27 0.024 6.630
2011-11-24 0.024 6.482
2011-06-29 0.024 5.645
2010-12-20 0.024 4.512
2010-11-24 0.024 4.247
2010-07-20 0.024 4.340
2009-12-17 0.022 4.363
2009-07-15 0.020 4.874

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Golden Resources Development International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Golden Resources Development International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Golden Resources Development International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Golden Resources Development International has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

677 Management

 What is the CEO of Golden Resources Development International's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Anthony Lam
COMPENSATION HK$3,745,000
AGE 51
TENURE AS CEO 5.7 years
CEO Bio

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 Resources Development International Limited since September 26, 2013 until October 9, 2017. In Australia, Mr. Lam had been extensively involved in the corporate finance and securities fields. Mr. Lam joined the Merchant Banking Division of the State Bank of New South Wales and had been extensively involved in the corporate financing and the securitization of assets and mortgages. Subsequent to his return to Hong Kong, he joined Golden Resources Development International Limited and has been appointed in several key management postings in Hong Kong and other Asian Countries such as Vietnam and Thailand. Mr. Lam served as Chairman of Prosperity Investment Holdings Ltd. until March 22, 2004. He has been the Vice Chairman of Golden Resources Development International Limited since September 22, 2016. Mr. Lam served as Vice Chairman of Golden Resources Development International Ltd. from 25, 2009 to September 26, 2013 and has been its Executive Director since December 3, 2008. He served as Executive Director of ICube Technology Holdings Limited until December 1, 2010. Mr. Lam served as Director of Prosperity Investment Holdings Ltd. until March 22, 2004. Mr. Lam is an Executive Committee Member of the Customer Liaison Group for Rice under the Trade and Industry Department in Hong Kong and the Executive Committee Member of the Federation of Hong Kong Industries. He had been awarded the Ap Bac Medal from the Vietnam Government in recognition of this contribution to the Vietnamese Rice Industry. Mr. Lam graduated from the Sydney University in Australia, specialized in Economics and Psychology.

CEO Compensation
  • Anthony's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Anthony's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team

Laurent Lam

TITLE
Chairman of the Board
COMPENSATION
HK$4M
AGE
71

Anthony Lam

TITLE
Vice Chairman & CEO
COMPENSATION
HK$4M
AGE
51
TENURE
5.7 yrs

Siu Tsang

TITLE
Finance Director & Executive Director
COMPENSATION
HK$2M
AGE
63

Sai Mann Lam

TITLE
Executive Director
COMPENSATION
HK$478K
AGE
43

Morna Yuen

TITLE
Executive Director
COMPENSATION
HK$1M
AGE
39

Chi Keung Leung

TITLE
Company Secretary
TENURE
12.8 yrs
Board of Directors Tenure

Average tenure and age of the Golden Resources Development International board of directors in years:

3.3
Average Tenure
52
Average Age
  • The tenure for the Golden Resources Development International board of directors is about average.
Board of Directors

Laurent Lam

TITLE
Chairman of the Board
COMPENSATION
HK$4M
AGE
71
TENURE
2.8 yrs

Anthony Lam

TITLE
Vice Chairman & CEO
COMPENSATION
HK$4M
AGE
51
TENURE
2.7 yrs

Siu Tsang

TITLE
Finance Director & Executive Director
COMPENSATION
HK$2M
AGE
63

Sai Mann Lam

TITLE
Executive Director
COMPENSATION
HK$478K
AGE
43
TENURE
4.3 yrs

Morna Yuen

TITLE
Executive Director
COMPENSATION
HK$1M
AGE
39
TENURE
2.2 yrs

Michael Yu

TITLE
Independent Non-Executive Director
COMPENSATION
HK$100K
AGE
53
TENURE
6.8 yrs

Joseph Lam

TITLE
Independent Non-Executive Director
COMPENSATION
HK$100K
AGE
52
TENURE
3.8 yrs

Ronald Yan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$100K
AGE
63
TENURE
5.7 yrs

Dennis Lam

TITLE
Non-Executive Director
COMPENSATION
HK$100K
AGE
38
TENURE
2.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
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Management checks
We assess Golden Resources Development International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Golden Resources Development International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

677 News

Simply Wall St News

Golden Resources Development International (HKG:677) Shareholders Booked A 42% Gain In The Last Five Years

To wit, the Golden Resources Development International share price has climbed 42% in five years, easily topping the market return of 17% (ignoring dividends). … Golden Resources Development International's earnings per share are down 32% per year, despite strong share price performance over five years. … On the other hand, Golden Resources Development International's revenue is growing nicely, at a compound rate of 5.0% over the last five years.

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What Kind Of Investor Owns Most Of Golden Resources Development International Limited (HKG:677)?

If you want to know who really controls Golden Resources Development International Limited (HKG:677), then you'll have to look at the makeup of its share registry. … With a market capitalization of HK$1.0b, Golden Resources Development International is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for Golden Resources Development International

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Is Golden Resources Development International Limited (HKG:677) A Financially Sound Company?

However, it also faces higher cost of capital given interest cost is generally lower than equity. … Is financial flexibility worth the lower cost of capital … Debt capital generally has lower cost of capital compared to equity funding.

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Is Golden Resources Development International Limited's (HKG:677) CEO Salary Justified?

In 2013 Anthony Lam was appointed CEO of Golden Resources Development International Limited (HKG:677). … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … See our latest analysis for Golden Resources Development International?

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Should Golden Resources Development International Limited (HKG:677) Be Part Of Your Income Portfolio?

Historically, Golden Resources Development International Limited (HKG:677) has been paying a dividend to shareholders. … Let's take a look at Golden Resources Development International in more detail. … See our latest analysis for Golden Resources Development International

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Should You Be Happy With Golden Resources Development International Limited's (HKG:677) 9.4% Earnings Growth?

In this article, I will take a look at Golden Resources Development International Limited's (HKG:677) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … View our latest analysis for Golden Resources Development International. … Furthermore, this one-year growth rate has exceeded its 5-year annual growth average of -19%, indicating the rate at which 677 is growing has accelerated

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Will Golden Resources Development International Limited (HKG:677) Continue To Underperform Its Industry?

Golden Resources Development International Limited (HKG:677) performed in line with its food distributors industry on the basis of its ROE – producing a return of 4.80% relative to the peer average of 6.71% over the past 12 months. … Metrics such as financial leverage can impact the level of ROE which in turn can affect the sustainability of 677's returns. … See our latest analysis for Golden Resources Development International

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Does Golden Resources Development International Limited's (HKG:677) PE Ratio Warrant A Buy?

Golden Resources Development International Limited (HKG:677) is currently trading at a trailing P/E of 11.9x, which is lower than the industry average of 16.5x. … Although some investors may jump to the conclusion that this is a great buying opportunity, understanding the assumptions behind the P/E ratio might change your mind. … View our latest analysis for Golden Resources Development International

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Golden Resources Development International Limited (HKG:677): Why Return On Capital Employed Is Important

and want to better understand how you can grow your money by investing in Golden Resources Development International Limited (HKG:677). … Purchasing Golden Resources Development International gives you an ownership stake in the company. … To understand Golden Resources Development International’s capital returns we will look at a useful metric called return on capital employed.

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Is Golden Resources Development International Limited (HKG:677) A Smart Choice For Dividend Investors?

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … In the past 10 years Golden Resources Development International Limited (HKG:677) has returned an average of 5.00% per year to investors in the form of dividend payouts. … Let's take a look at Golden Resources Development International in more detail.

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677 Company Info

Description

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, other regions in the People’s Republic of China, 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.

Details
Name: Golden Resources Development International Limited
677
Exchange: SEHK
Founded: 1946
HK$1,018,443,874
1,697,406,458
Website: http://www.grdil.com
Address: Golden Resources Development International Limited
Golden Resources Centre,
11th Floor,
Tsing Yi Island,
New Territories, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 677 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jan 1992
Number of employees
Current staff
Staff numbers
3,030
Golden Resources Development International employees.
Industry
Food Distributors
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 12:38
End of day share price update: 2019/05/20 00:00
Last earnings filing: 2018/12/17
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.