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.
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.
7 Day Return
HK Consumer Retailing
1 Year Return
HK Consumer Retailing
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.
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
2 weeks ago | Simply Wall StRead This Before Buying Golden Resources Development International Limited (HKG:677) For Its Dividend
1 month ago | Simply Wall StDon't Ignore The Fact That This Insider Just Sold Some Shares In Golden Resources Development International Limited (HKG:677)
1 month ago | Simply Wall StShould You Rely On Golden Resources Development International's (HKG:677) Earnings Growth?
Is Golden Resources Development International undervalued compared to its fair value and its price relative to the market?
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).
How is Golden Resources Development International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Check out Golden Resources Development International's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- Golden Resources Development International competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Retailing industry.
How has Golden Resources Development International performed over the past 5 years?
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.
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$226.2M).
Debt to Equity History and Analysis
Debt Level: 677 is debt free.
Reducing Debt: 677 has no debt compared to 5 years ago when its debt to equity ratio was 0.6%.
Debt Coverage: 677 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 677 has no debt, therefore coverage of interest payments is not a concern.
What is Golden Resources Development International's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 677's dividend (4.04%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.43%).
High Dividend: 677's dividend (4.04%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.03%).
Stability and Growth of Payments
Stable Dividend: 677's dividends per share have been stable in the past 10 years.
Growing Dividend: 677's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (103%), 677's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Anthony Lam (52yo)
Mr. Lam Sai Ho, also known as Anthony, has been the Chief Executive Officer of Golden Resources Development International Limited since October 9, 2017. Mr. Lam served as Managing Director of Golden Resour ...
CEO Compensation Analysis
Compensation vs Market: Anthony's total compensation ($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.
|Chairman of the Board||3.83yrs||HK$4.61m||0.62% HK$6.0m|
|Vice Chairman & CEO||6.75yrs||HK$3.76m||no data|
|Finance Director & Executive Director||no data||HK$2.22m||0.15% HK$1.4m|
|Executive Director||5.33yrs||HK$478.00k||5.24% HK$50.7m|
|Executive Director||3.25yrs||HK$1.41m||no data|
|Independent Non-Executive Director||6.75yrs||HK$100.00k||no data|
|Independent Non-Executive Director||7.83yrs||HK$100.00k||no data|
|Independent Non-Executive Director||4.83yrs||HK$100.00k||no data|
|Non-Executive Director||3.75yrs||HK$100.00k||4.43% HK$42.9m|
Experienced Board: 677's board of directors are considered experienced (4.3 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Golden Resources Development International Limited's company bio, employee growth, exchange listings and data sources
- 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
- Golden Resources Development International Limited
- Golden Resources Centre
- 11th Floor
- Tsing Yi Island
- New Territories
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|677||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Jan 1992|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/06 12:46|
|End of Day Share Price||2020/06/05 00:00|
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.