New Risk • Aug 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$55.9m (US$7.13m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (39% average weekly change). Market cap is less than US$10m (HK$55.9m market cap, or US$7.13m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Buy Or Sell Opportunity • Aug 05
Now 35% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.0% to HK$0.41. The fair value is estimated to be HK$0.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.5% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Aug 03
Full year 2026 earnings released: EPS: HK$0.009 (vs HK$0.028 loss in FY 2025) Full year 2026 results: EPS: HK$0.009 (up from HK$0.028 loss in FY 2025). Revenue: HK$323.9m (up 42% from FY 2025). Net income: HK$10.4m (up HK$42.3m from FY 2025). Profit margin: 3.2% (up from net loss in FY 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Jul 31
Easyhold Group Holdings Limited, Annual General Meeting, Aug 27, 2026 Easyhold Group Holdings Limited, Annual General Meeting, Aug 27, 2026, at 11:00 China Standard Time. Location: 24/f, officeplus @wan chai, 303 hennessy road, wan chai, Hong Kong Reported Earnings • Jul 02
Full year 2026 earnings released: EPS: HK$0.009 (vs HK$0.28 loss in FY 2025) Full year 2026 results: EPS: HK$0.009 (up from HK$0.28 loss in FY 2025). Revenue: HK$327.5m (up 43% from FY 2025). Net income: HK$10.4m (up HK$42.3m from FY 2025). Profit margin: 3.2% (up from net loss in FY 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings. Board Change • May 15
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Siu Keung Fok is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • May 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$77.3m (US$9.86m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Market cap is less than US$10m (HK$77.3m market cap, or US$9.86m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). New Risk • Apr 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (33% average weekly change). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Significant insider selling over the past 3 months (HK$20m sold). Market cap is less than US$100m (HK$117.3m market cap, or US$15.0m). Buy Or Sell Opportunity • Apr 17
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 33% to HK$0.088. The fair value is estimated to be HK$0.071, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last 3 years, while earnings per share has been flat. Announcement • Apr 14
Easyhold Group Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 14.72 million. Easyhold Group Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 14.72 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 230,000,000
Price\Range: HKD 0.064
Discount Per Security: HKD 0.00448
Transaction Features: Subsequent Direct Listing Buy Or Sell Opportunity • Mar 16
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to HK$0.11. The fair value is estimated to be HK$0.086, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • Feb 27
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 55% to HK$0.11. The fair value is estimated to be HK$0.086, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last 3 years, while earnings per share has been flat. Announcement • Feb 09
Welife Technology Limited, Annual General Meeting, Mar 05, 2026 Welife Technology Limited, Annual General Meeting, Mar 05, 2026, at 15:00 China Standard Time. Location: 24/f, officeplus @wan chai, 303 hennessy road, wan chai, Hong Kong Buy Or Sell Opportunity • Jan 29
Now 34% overvalued after recent price rise Over the last 90 days, the stock has risen 31% to HK$0.11. The fair value is estimated to be HK$0.082, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last 3 years, while earnings per share has been flat. New Risk • Jan 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$74.8m (US$9.60m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Market cap is less than US$10m (HK$74.8m market cap, or US$9.60m). Buy Or Sell Opportunity • Jan 06
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.1% to HK$0.065. The fair value is estimated to be HK$0.083, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last 3 years, while earnings per share has been flat. Reported Earnings • Jan 03
First half 2026 earnings released: EPS: HK$0.008 (vs HK$0.014 loss in 1H 2025) First half 2026 results: EPS: HK$0.008 (up from HK$0.014 loss in 1H 2025). Revenue: HK$131.8m (up 31% from 1H 2025). Net income: HK$9.28m (up HK$25.9m from 1H 2025). Profit margin: 7.0% (up from net loss in 1H 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 03
Full year 2025 earnings released: HK$0.028 loss per share (vs HK$0.025 profit in FY 2024) Full year 2025 results: HK$0.028 loss per share (down from HK$0.025 profit in FY 2024). Revenue: HK$228.6m (down 46% from FY 2024). Net loss: HK$32.0m (down 211% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. Announcement • Nov 18
Welife Technology Limited to Report First Half, 2026 Results on Nov 28, 2025 Welife Technology Limited announced that they will report first half, 2026 results on Nov 28, 2025 Board Change • Oct 02
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Siu Keung Fok is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jul 03
Welife Technology Limited Provides Preliminary Consolidated Earnings Guidance for the Six Months Ended September 30, 2025 Welife Technology Limited provided preliminary consolidated earnings guidance for the six months ended September 30, 2025. Based on the preliminary review of the unaudited consolidated management accounts of the Group for the three months ended June 30, 2025 and the information currently available, the Group recorded revenue for the period of approximately HKD 66.1 million and net profit of approximately HKD 4.5 million. According to this expectation, the Group's interim reporting period expects to record revenue of approximately HKD 152.6 million to HKD 153.6 million as compared to revenue of approximately HKD 99.4 million for the six months ended September 30 (the "Interim Reporting Period"), 2024, representing a significant improvement of over 53.5% to 54.5%. The Group also expects to record a gross profit for the Interim Reporting Period of approximately HKD 98.8 million to HKD 99.8 million as compared to a gross profit of approximately HKD 63.2 million for the six months ended September 30, 2024, representing a significant improvement of over 56.3% to 52.3%. Finally, the Group expects to record a net profit for the Interim Reporting Period of approximately HKD 11.4 million to HKD 12.4 million as compared to a net loss of approximately HKD 16.6 million for the six months ended September 30, 2024, representing a significant improvement of over 168.7% to 169.7%. Announcement • Nov 29
Welife Technology Limited Announces Board Changes The board of directors of Welife Technology Limited announced that with effect from 29 November 2024: Mr. Yeung Ka Ho (Mr. Yeung) has resigned as an executive Director due to his intention to focus on his personal business development; and Mr. Chui Man Lung, Everett (Mr. Chui) has resigned as an independent non-executive Director, and ceased to act as the chairman of the audit committee of the Board and a member of each of the remuneration committee of the Board and the nomination committee of the Board, due to his intention to focus on his other business commitments The Board announced that Mr. Chu Pui Him (Mr. Chu) and Mr. Leung Yin Cheuk (Mr. Leung) have been appointed as executive Directors with effect from 29 November 2024. Mr. Chu, aged 37, graduated from Hong Kong Shue Yan University with a Bachelor of Commerce (Honours) degree in Accounting. He had worked in an international audit firm as an assistant audit manager. He then worked as a senior project manager in a listed company in Hong Kong and was responsible for corporate management matters such as project management, finance and fund-raising arrangement. Mr. Chu has extensive experience in corporate management and operations of both listed and unlisted companies. Mr. Leung, aged 38, has over 10 years of trading experience in the consumer electronic products industry. He is now actively involved in local catering and related businesses. Following the resignation of Mr. Yeung from the position of an executive Director, he has also ceased to be an authorized representative of the Company under Rule 3.05 of the Listing Rules. Mr. Leung, a newly appointed executive Director, has been appointed as an Authorized Representative with effect from 29 November 2024. Following the resignation of Mr. Yeung and Mr. Chui and the appointment of Mr. Chu and Mr. Leung: the composition of the Board comprises two executive Directors, one non-executive Directors and two independent non-executive Directors. The number of independent non-executive Directors falls below three as required under Rule 3.10(1) of the Listing Rules; the Company does not comply with Rule 3.10(2) of the Listing Rules that at least one of the independent non-executive Directors must have appropriate professional qualifications or accounting or related financial management expertise; and the composition of the Audit Committee comprises two independent non-executive Directors, which fails to comply with the requirements under Rule 3.21 of the Listing Rules that the Audit Committee must comprise a minimum of three members. In addition, following the resignation of Mr. Chui as an independent non-executive Director, the Company does not fulfil the terms of reference of the Audit Committee, the Remuneration Committee and the Nomination Committee, which require each to have a minimum of three members. Announcement • Nov 25
Welife Technology Limited Announces Executive Changes Welife Technology Limited announced that Mr. Yu Tsz Ngo has resigned as the company secretary and one of the authorised representatives of the Company under Rule 3.05 of the Listing Rules with effect from 24 November 2023. Mr. Yu has confirmed that he has no disagreement with the Board and there is no other matter in connection with his resignation and cessation that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange. The Board further announced that Mr. Wong Tat Keung has been appointed as the company secretary and one of the authorised representatives of the Company under Rule 3.05 of the Listing Rules with effect from 24 November 2023. Mr. Wong, aged 52, has more than 20 years of experience in audit, taxation, accounting and business advisory and possesses the requisition qualification and experience as required under Rule 3.28 of the Listing Rules. Mr. Wong is a holder of a master degree in business administration (financial services) from the University of Greenwich. He is a fellow member of the Hong Kong Institute of Certified Public Accountants. Announcement • Nov 21
Welife Technology Limited to Report First Half, 2024 Results on Nov 30, 2023 Welife Technology Limited announced that they will report first half, 2024 results on Nov 30, 2023 New Risk • Nov 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$63.3m (US$8.08m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (HK$63.3m market cap, or US$8.08m). Announcement • Oct 13
Welife Technology Limited Announces Tsz Tung Tang Not to Stand for Re-Election as Director Welife Technology Limited announced that Mr. Tsz Tung Tang upon his retirement from office, does not offer himself for re-election as director. Announcement • Oct 05
Welife Technology Limited, Annual General Meeting, Oct 25, 2023 Welife Technology Limited, Annual General Meeting, Oct 25, 2023, at 10:30 China Standard Time. Location: 22/F, Euro Trade Centre, 1314 Connaught Road Central Central Hong Kong Agenda: To consider, receive and approve the audited consolidated financial statements of the Company and subsidiaries and the reports of the directors and auditor of the Company for the year ended 31 March 2023; to consider and re-elect Mr. Tan Jian as an executive Director of the Company; to consider and re-elect Mr. Wong Tat Keung as an independent non-executive Director of the Company; to consider and authorize the board of Directors to fix the remuneration of the Directors for the year ending 31 March 2024; to consider the re-appointment of HLB Hodgson Impey Cheng Limited as the Auditor of the Company and to authorize the Board to fix the remuneration of the Auditor; and to consider any other matters. Board Change • Sep 01
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Non-Executive Chairman of the Board Zhi Xiong Hu is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Aug 17
Welife Technology Limited Announces Board Changes Welife Technology Limited announces that Mr. Wong Wai Ming has resigned as an independent non-executive Director with effect from 14 August 2023 in order to devote more time to his personal business commitment. Upon his resignation as an independent non-executive Director, Mr. Wong ceases to be the chairman of the renumeration committee of the Company (the "Renumeration Committee"), a member of the nomination committee of the Company (the "Nomination Committee") and a member of the audit committee of the Company (the "Audit Committee"). The Board announces that with effect from 14 August 2023: (1) Mr. Tan Jian () ("Mr. Tan") has been appointed as an executive Director; (2) Mr. Leung Chun Kin has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee; and (3) Mr. Wang Xianglong ("Mr. Wang") has been appointed as an independent non-executive Director and a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee. Mr. Tan, aged 27, has approximately 5 years of experience in the catering and dining industry. Since or about 2020, Mr. Tan was a marketing director of Zhuhai Heng Qin Hao Wei Dao Catering Management Co., Limited (which was acquired by the Group in August 2022) and continued to hold such position until the date of this announcement. Mr. Leung, aged 59, holds an Executive Master Degree of Business Administration in Sun Yat-sen University, China. He has over 10 years of experience in the hotel management industry. Mr. Wang, aged 33, holds a Bachelor Degree from Si Chuan University, China in 2012. He has more than 10 years of experience in corporate management. Prior to the joining of the Company, he was the chief executive officer of Game Factory. Announcement • Aug 12
Welife Technology Limited Announces Resignation of Cheng Man Cheong as Executive Director The board of directors of Welife Technology Limited announces that Mr. Cheng Man Cheong has tendered his resignation as an executive Director of the Company with effect from 11 August 2023 in order to devote more time for his work arrangement. Reported Earnings • Aug 02
Full year 2023 earnings released: HK$0.006 loss per share (vs HK$0.028 loss in FY 2022) Full year 2023 results: HK$0.006 loss per share (improved from HK$0.028 loss in FY 2022). Revenue: HK$305.5m (up 3.2% from FY 2022). Net loss: HK$6.94m (loss narrowed 78% from FY 2022). Total stores: 9 (no change from FY 2022). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Buying Opportunity • Jul 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 71%. The fair value is estimated to be HK$0.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 26% over the last 3 years. Earnings per share has grown by 65%. New Risk • Jul 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 18% per year over the past 5 years. Minor Risks Significant insider selling over the past 3 months (HK$1m sold). Market cap is less than US$100m (HK$316.3m market cap, or US$40.4m). Reported Earnings • Jun 30
Full year 2023 earnings released: HK$0.006 loss per share (vs HK$0.028 loss in FY 2022) Full year 2023 results: HK$0.006 loss per share (improved from HK$0.028 loss in FY 2022). Revenue: HK$322.9m (up 9.1% from FY 2022). Net loss: HK$6.94m (loss narrowed 78% from FY 2022). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Jun 16
Welife Technology Limited to Report Fiscal Year 2023 Results on Jun 29, 2023 Welife Technology Limited announced that they will report fiscal year 2023 results on Jun 29, 2023 New Risk • Jun 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 32% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Share price has been volatile over the past 3 months (9.6% average weekly change). Significant insider selling over the past 3 months (HK$1m sold). Market cap is less than US$100m (HK$483.0m market cap, or US$61.6m). Announcement • Jan 11
Palace Banquet Holdings Limited announced that it has received HKD 44 million in funding from Longling Capital Palace Banquet Holdings Limited announced that it has entered into subscription agreement for private placement of convertible bonds for gross proceeds of HKD 44,000,000 on January 9, 2023. The transaction will involve participation from Longling Capital. As part of the transaction, the investor will acquire 4.56% of the enlarged share capital of the company. Upon full conversion of the convertible bonds at the conversion price of HKD 0.80 per share, a total of 55,000,000 conversion shares will be issued. Reported Earnings • Nov 30
First half 2023 earnings released First half 2023 results: Net loss: HK$14.6m (loss narrowed 22% from 1H 2022). Board Change • Nov 16
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Independent Non-executive Director Kwok Tung Ng is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Nov 09
Palace Banquet Holdings Limited to Report First Half, 2023 Results on Nov 29, 2022 Palace Banquet Holdings Limited announced that they will report first half, 2023 results on Nov 29, 2022 Announcement • Oct 01
Palace Banquet Holdings Limited Announces Chan Shou Ming Tendered Resignation as an Executive Director of the Company with Effect from 1 October 2022 Palace Banquet Holdings Limited announces that Mr. Chan Shou Ming has tendered his resignation as an executive Director of the Company with effect from 1 October 2022 in order to devote more time to the banquet business management of the Group. Mr. Chan has confirmed that he has no disagreement with the Board and there are no circumstances which need to be brought to the attention of the shareholders of the Company and the Stock Exchange in relation to his resignation. The Board is of the view that the resignation of Mr. Chan will not have significant adverse impact on the businesses and operations of the Group. The Board would like to take this opportunity toexpress its sincere gratitude to Mr. Chan for his valuable contributions to the Company during his tenure of services. Recent Insider Transactions • Sep 05
Executive Director recently sold HK$59k worth of stock On the 31st of August, Man Cheong Cheng sold around 85k shares on-market at roughly HK$0.69 per share. This transaction amounted to 7.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth HK$1.0m. Insiders have been net sellers, collectively disposing of HK$3.5m more than they bought in the last 12 months. Recent Insider Transactions • Aug 16
Executive Director recently sold HK$387k worth of stock On the 11th of August, Man Cheong Cheng sold around 635k shares on-market at roughly HK$0.61 per share. In the last 3 months, they made an even bigger sale worth HK$735k. Insiders have been net sellers, collectively disposing of HK$1.5m more than they bought in the last 12 months. Recent Insider Transactions • Aug 11
Executive Director recently sold HK$735k worth of stock On the 5th of August, Man Cheong Cheng sold around 1m shares on-market at roughly HK$0.66 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Aug 03
Full year 2022 earnings released: HK$0.028 loss per share (vs HK$0.12 loss in FY 2021) Full year 2022 results: HK$0.028 loss per share (up from HK$0.12 loss in FY 2021). Revenue: HK$296.0m (up 30% from FY 2021). Net loss: HK$32.0m (loss narrowed 74% from FY 2021). Total stores: 9 (down by 2 from FY 2021). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings. Buying Opportunity • Aug 02
Now 28% undervalued after recent price drop Over the last 90 days, the stock is down 9.9%. The fair value is estimated to be HK$0.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 48% over the last 3 years. Meanwhile, the company became loss making. Announcement • Jul 30
Palace Banquet Holdings Limited, Annual General Meeting, Aug 30, 2022 Palace Banquet Holdings Limited, Annual General Meeting, Aug 30, 2022, at 10:00 China Standard Time. Location: Portion 2, 12/F, The Center Queen’s Road Central Hong Kong Agenda: To consider to receive and approve the audited consolidated financial statements of the Company and its subsidiaries and the reports of the directors and auditor of the Company for the year ended 31 March 2022;to consider the re-election of the retiring Directors, each as a separate resolution, and to authorize the board of Directors to fix the remuneration of the Directors; to consider the re-appointment of HLB Hodgson Impey Cheng Limited as the Auditor of the Company and to authorize the Board to fix the remuneration of the Auditor; and to consider other matters. Buying Opportunity • Jul 18
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 6.9%. The fair value is estimated to be HK$0.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 48% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Jul 02
Full year 2022 earnings released Full year 2022 results: Revenue: HK$0 (down 100% from FY 2021). Net loss: HK$32.0m (loss narrowed 74% from FY 2021). Profit margin: (up from net loss in FY 2021). Total stores: 9 (down by 2 from FY 2021). Announcement • Jun 15
Palace Banquet Holdings Limited to Report Fiscal Year 2022 Results on Jun 30, 2022 Palace Banquet Holdings Limited announced that they will report fiscal year 2022 results on Jun 30, 2022 Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Aston Wong was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 04
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-executive Director Kwok Tung Ng was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 28
Palace Banquet Holdings Limited Announces Executive Changes Palace Banquet Holdings Limited announced that, with effect from 27 January 2022, Ms. Chen has resigned as an executive Director and one of the authorised representatives of the Company under Rule 3.05 of the Listing Rules; Ms. Qian has resigned as an executive Director; Mr. Chan has ceased to act as the chairman of the Board; Mr. Lee has resigned as an independent non-executive Director and ceased to act as the chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee; Mr. Ng has resigned as an independent non-executive Director and ceased to act as the chairman of the Audit Committee and a member of each of the Remuneration Committee and the Nomination Committee; Mr. Tsang has resigned as an independent non-executive Director and ceased to act as the chairman of the Nomination Committee and a member of each of the Audit Committee and the Remuneration Committee; Mr. Hu has been appointed as an non-executive Director and the chairman of the Board; Mr. Tam has been appointed as an executive Director, a member of the Nomination Committee and one of the authorised representatives of the Company; Mr. Cheng has been appointed as an executive Director; Mr. Wong Tat Keung has been appointed as an independent non-executive Director, the chairman of the Audit Committee and a member of each of the Remuneration Committee and the Nomination Committee; Mr. Wong Wai Ming has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee; Mr. Tang has been appointed as an independent non-executive Director, the chairman of the Nomination Committee and a member of each of the Audit Committee and Remuneration Committee; Mr. Chan Yu Chi has resigned as the company secretary and one of the authorised representatives of the Company under Rule 3.05 of the Listing Rules; Mr. Yu has been appointed as the company secretary and one of the authorised representatives of the Company under Rule 3.05 of the Listing Rules. Reported Earnings • Dec 03
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: HK$0.016 loss per share (up from HK$0.057 loss in 1H 2021). Revenue: HK$156.7m (up 47% from 1H 2021). Net loss: HK$18.7m (loss narrowed 67% from 1H 2021). Revenue was in line with analyst estimates. Board Change • Jul 31
High number of new directors Independent Non-Executive Director Wai Man Lee was the last director to join the board, commencing their role in 2021. Executive Departure • Jul 20
Independent Non-executive Director Koon Yuen Chan has left the company On the 14th of July, Koon Yuen Chan's tenure as Independent Non-executive Director ended after 2.5 years in the role. We don't have any record of a personal shareholding under Koon Yuen's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 1.08 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Jul 03
Full year 2021 earnings released: HK$0.12 loss per share (vs HK$0.11 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: HK$261.3m (down 60% from FY 2020). Net loss: HK$124.3m (loss widened 11% from FY 2020). Announcement • Jun 30
Palace Banquet Holdings Limited Provides Consolidated Earnings Guidance for the Year Ended March 31, 2021 Palace Banquet Holdings Limited provided consolidated earnings guidance for the year ended March 31, 2021. For the period, the Group is expected to record an increase in loss attributable to owners for the Current Financial Year by a percentage in the range of 10% to 20% as compared to a loss of approximately HKD 112.4 million for last financial year ended 31 March 2020. Executive Departure • Apr 08
Company Secretary has left the company On the 31st of March, Chiu Hung Chan's tenure as Company Secretary ended after 2.8 years in the role. We don't have any record of a personal shareholding under Chiu Hung's name. A total of 4 executives have left over the last 12 months. Executive Departure • Apr 08
Independent Non-executive Director has left the company On the 31st of March, Ming Wai Yue's tenure as Independent Non-executive Director ended after 2.2 years in the role. We don't have any record of a personal shareholding under Ming Wai's name. A total of 4 executives have left over the last 12 months. Executive Departure • Mar 19
Executive Director has left the company On the 16th of March, Kar Wai Tam's tenure as Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under Kar Wai's name. A total of 2 executives have left over the last 12 months. Executive Departure • Mar 19
Independent Non-Executive Director has left the company On the 16th of March, Chung Yin Chan's tenure as Independent Non-Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under Chung Yin's name. A total of 2 executives have left over the last 12 months. Announcement • Mar 17
Palace Banquet Holdings Limited Announces Board Member's Resignations The board of directors of Palace Banquet Holdings Limited (the Company, together with its subsidiaries, the Group) announced that Mr. Tam Kar Wai (Mr. Tam) has tendered his resignation as an executive Director of the Company with effect from 16 March 2021. The Company is not aware of any disagreement between Mr. Tam and the Board and there are no matters which need to be brought to the attention to shareholders of the Company and the Stock Exchange in relation to his resignation. The Board also announced that Mr. Chan Chung Yin Victor (Mr. Chan) has tendered his resignation as an independent non-executive Director of the Company with effect from 16 March 2021. The Company is not aware of any disagreement between Mr. Chan and the Board and there are no matters which need to be brought to the attention to shareholders of the Company and the Stock Exchange in relation to his resignation. Is New 90 Day High Low • Jan 11
New 90-day high: HK$0.54 The company is up 38% from its price of HK$0.39 on 12 October 2020. The Hong Kong market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 15% over the same period. Announcement • Dec 30
Lai Chi Mei agreed to acquire Super Force Limited from Palace Banquet Holdings Limited (SEHK:1703) for HKD 0.7 million. Lai Chi Mei agreed to acquire Super Force Limited from Palace Banquet Holdings Limited (SEHK:1703) for HKD 0.7 million on December 24, 2020. The consideration of 0.7 million will be paid by in cash, of which, HKD 0.03 million has been paid and the balance to be paid within one year from the date of the Sale and Purchase Agreement. For the year ended March 31, 2020, Super Force Limited reported net loss of HKD 1.5 million. The sales proceeds from the Disposal will be used for general working capital purpose. Is New 90 Day High Low • Dec 21
New 90-day high: HK$0.52 The company is up 63% from its price of HK$0.32 on 22 September 2020. The Hong Kong market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 6.0% over the same period. Reported Earnings • Dec 19
First half 2021 earnings released: HK$0.057 loss per share The company reported a poor first half result with increased losses and weaker revenues and control over expenses. First half 2021 results: Revenue: HK$107.7m (down 68% from 1H 2020). Net loss: HK$57.3m (loss widened 35% from 1H 2020). Reported Earnings • Nov 29
First half 2021 earnings released: HK$0.057 loss per share The company reported a poor first half result with increased losses and weaker revenues and control over expenses. First half 2021 results: Revenue: HK$107.7m (down 68% from 1H 2020). Net loss: HK$57.3m (loss widened 35% from 1H 2020). Is New 90 Day High Low • Nov 13
New 90-day high: HK$0.48 The company is up 62% from its price of HK$0.30 on 14 August 2020. The Hong Kong market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 6.0% over the same period. Announcement • Nov 07
Palace Banquet Holdings Limited to Report First Half, 2021 Results on Nov 27, 2020 Palace Banquet Holdings Limited announced that they will report first half, 2021 results on Nov 27, 2020 Recent Insider Transactions • Oct 29
Banquet Director & Executive Director recently sold HK$5.6m worth of stock On the 22nd of October, Chunlin Qian sold around 15m shares on-market at roughly HK$0.37 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Oct 07
Palace Banquet Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 37.5 million. Palace Banquet Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 37.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 150,000,000
Price\Range: HKD 0.25
Discount Per Security: HKD 0.005
Transaction Features: Subsequent Direct Listing Announcement • Sep 29
Palace Banquet Holdings Limited Approves Appointment of Chan Chung Yin, Victor as an Independent Non-Executive Director of the Company Palace Banquet Holdings Limited approved the appointment of Mr. Chan Chung Yin, Victor as an independent non-executive director of the Company in the annual general meeting held on September 28, 2020. Mr. Chan Chung Yin, Victor has over 28 years of experience in commercial law and civil and criminal litigations and is now the principal of his own solicitors firm, Messrs. Victor Chan & Co. Mr. Chan was a director of Victime International Limited during the
period from 7 July 1999 to 13 April 2003. Is New 90 Day High Low • Sep 29
New 90-day high: HK$0.37 The company is up 23% from its price of HK$0.30 on 30 June 2020. The Hong Kong market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 11% over the same period. 
