Golden Resources Development International Limited, an investment holding company, engages in the sourcing, importing, wholesaling, processing, packaging, marketing, and distributing of rice in Hong Kong, Vietnam, and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$0.57|
|52 Week High||HK$0.52|
|52 Week Low||HK$0.73|
|1 Month Change||-3.39%|
|3 Month Change||1.79%|
|1 Year Change||3.64%|
|3 Year Change||23.91%|
|5 Year Change||22.58%|
|Change since IPO||-41.84%|
Recent News & Updates
Here's Why Shareholders May Want To Be Cautious With Increasing Golden Resources Development International Limited's (HKG:677) CEO Pay Packet
The share price of Golden Resources Development International Limited ( HKG:677 ) has increased significantly over the...
|677||HK Consumer Retailing||HK Market|
Return vs Industry: 677 exceeded the Hong Kong Consumer Retailing industry which returned -42.2% over the past year.
Return vs Market: 677 underperformed the Hong Kong Market which returned 5.3% over the past year.
Stable Share Price: 677 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 677's weekly volatility (3%) has been stable over the past year.
About the Company
Golden Resources Development International Limited, an investment holding company, engages in the sourcing, importing, wholesaling, processing, packaging, marketing, and distributing 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.
Golden Resources Development International Fundamentals Summary
|677 fundamental statistics|
Is 677 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|677 income statement (TTM)|
|Cost of Revenue||HK$1.01b|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.024|
|Net Profit Margin||2.49%|
How did 677 perform over the long term?See historical performance and comparison
4.0%Current Dividend Yield
Is Golden Resources Development International undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 677 (HK$0.57) is trading below our estimate of fair value (HK$7.37)
Significantly Below Fair Value: 677 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 677 is poor value based on its PE Ratio (24.1x) compared to the Hong Kong Consumer Retailing industry average (14.4x).
PE vs Market: 677 is poor value based on its PE Ratio (24.1x) compared to the Hong Kong market (9.7x).
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 (0.9x).
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.
How has Golden Resources Development International performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 677 has a large one-off gain of HK$22.5M impacting its March 31 2021 financial results.
Growing Profit Margin: 677 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: 677 has become profitable over the past 5 years, growing earnings by -10.2% per year.
Accelerating Growth: 677 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 677 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Retailing industry (12.8%).
Return on Equity
High ROE: 677's Return on Equity (3.4%) is considered low.
How is Golden Resources Development International's financial position?
Financial Position Analysis
Short Term Liabilities: 677's short term assets (HK$904.8M) exceed its short term liabilities (HK$312.3M).
Long Term Liabilities: 677's short term assets (HK$904.8M) exceed its long term liabilities (HK$192.3M).
Debt to Equity History and Analysis
Debt Level: 677 is debt free.
Reducing Debt: 677 has no debt compared to 5 years ago when its debt to equity ratio was 0.6%.
Debt Coverage: 677 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 677 has no debt, therefore coverage of interest payments is not a concern.
What is Golden Resources Development International current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 677's dividend (4.04%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).
High Dividend: 677's dividend (4.04%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.78%).
Stability and Growth of Payments
Stable Dividend: 677's dividends per share have been stable in the past 10 years.
Growing Dividend: 677's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (95.8%), 677's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Anthony Lam (54 yo)
Mr. Lam Sai Ho, also known as Anthony, has been the Chief Executive Officer of Golden Resources Development International Limited since October 9, 2017. Mr. Lam served as Managing Director of Golden Resour...
CEO Compensation Analysis
Compensation vs Market: Anthony's total compensation ($USD554.87K) is above average for companies of similar size in the Hong Kong market ($USD230.47K).
Compensation vs Earnings: Anthony's compensation has been consistent with company performance over the past year.
Experienced Board: 677's board of directors are considered experienced (5.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 677 insiders have bought more shares than they have sold 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 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
- New Territories
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/18 15:11|
|End of Day Share Price||2021/10/18 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.