Welife Technology (SEHK:1703) - Stock Price, News & Analysis

1703 Stock Overview

Welife Technology Limited, an investment holding company, operates restaurants in Hong Kong. More details

1703 fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Rewards

Trading at 93.7% below our estimate of its fair value

Risk Analysis

Does not have a meaningful market cap (HK$55M)

Earnings have declined by 17.6% per year over past 5 years

Shares are highly illiquid

Latest financial reports are more than 6 months old

Welife Technology Limited Competitors

Shanghai XNG Holdings

SEHK:3666

HK$53.0m

G-Vision International (Holdings)

SEHK:657

HK$40.9m

Longhui International Holdings

SEHK:1007

HK$26.0m

Luk Hing Entertainment Group Holdings

SEHK:8052

HK$21.9m

Price History & Performance

Summary of all time highs, changes and price drops for Welife Technology
Historical stock prices
Current Share Price	HK$0.048
52 Week High	HK$0.67
52 Week Low	HK$0.041
Beta	-0.13
11 Month Change	0%
3 Month Change	0%
1 Year Change	-91.58%
33 Year Change	-90.40%
5 Year Change	-91.86%
Change since IPO	-92.13%

Recent updates

Palace Banquet Holdings Limited (HKG:1703) Insiders Have Been Selling

Jan 27

Should Palace Banquet Holdings (HKG:1703) Be Disappointed With Their 51% Profit?

Dec 03

Shareholder Returns

	1703	HK Hospitality	HK Market
7D	0%	-8.6%	-2.7%
1Y	-91.6%	21.5%	10.9%

Return vs Industry: 1703 underperformed the Hong Kong Hospitality industry which returned -34.9% over the past year.

Return vs Market: 1703 underperformed the Hong Kong Market which returned -11.7% over the past year.

Price Volatility

Is 1703's price volatile compared to industry and market?
1703 volatility
1703 Average Weekly Movement	n/a
Hospitality Industry Average Movement	8.2%
Market Average Movement	9.0%
10% most volatile stocks in HK Market	19.0%
10% least volatile stocks in HK Market	4.2%

Stable Share Price: 1703 has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine 1703's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2006	224	n/a	www.palace-rest.com.hk

Welife Technology Limited, an investment holding company, operates restaurants in Hong Kong. The company offers Cantonese dining and banquet services, including wedding banquet services. It operates Chinese full-service restaurants under the Palace, Royal Courtyard, Sea Moon Cuisine, and Duxiaoyue brand names.

Welife Technology Limited Fundamentals Summary

How do Welife Technology's earnings and revenue compare to its market cap?
1703 fundamental statistics
Market cap	HK$55.20m
Earnings (TTM)	-HK$6.94m
Revenue (TTM)	HK$305.49m

0.2x

P/S Ratio

-8.0x

P/E Ratio

Is 1703 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
1703 income statement (TTM)
Revenue	HK$305.49m
Cost of Revenue	HK$230.13m
Gross Profit	HK$75.36m
Other Expenses	HK$82.30m
Earnings	-HK$6.94m

Last Reported Earnings

Mar 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.006
Gross Margin	24.67%
Net Profit Margin	-2.27%
Debt/Equity Ratio	315.0%

How did 1703 perform over the long term?

See historical performance and comparison

1703 Stock Overview

Rewards

Risk Analysis

Welife Technology Limited Competitors

SEHK:3666

HK$53.0m

SEHK:657

HK$40.9m

SEHK:1007

HK$26.0m

SEHK:8052

HK$21.9m

Price History & Performance

Recent News & Updates

Welife Technology Limited Removes Directors

Welife Technology Limited Announces Executive Changes

Welife Technology Limited to Report First Half, 2024 Results on Nov 30, 2023

New major risk - Market cap size

Welife Technology Limited Announces Tsz Tung Tang Not to Stand for Re-Election as Director

Welife Technology Limited, Annual General Meeting, Oct 25, 2023

Recent updates

Welife Technology Limited Removes Directors

Welife Technology Limited Announces Executive Changes

Welife Technology Limited to Report First Half, 2024 Results on Nov 30, 2023

New major risk - Market cap size

Welife Technology Limited Announces Tsz Tung Tang Not to Stand for Re-Election as Director

Welife Technology Limited, Annual General Meeting, Oct 25, 2023

High number of new and inexperienced directors

Welife Technology Limited Announces Board Changes

Welife Technology Limited Announces Resignation of Cheng Man Cheong as Executive Director

Full year 2023 earnings released: HK$0.006 loss per share (vs HK$0.028 loss in FY 2022)

Now 21% undervalued after recent price drop

New major risk - Share price stability

Full year 2023 earnings released: HK$0.006 loss per share (vs HK$0.028 loss in FY 2022)

Welife Technology Limited to Report Fiscal Year 2023 Results on Jun 29, 2023

New minor risk - Financial data availability

Palace Banquet Holdings Limited announced that it has received HKD 44 million in funding from Longling Capital

First half 2023 earnings released

High number of new and inexperienced directors

Palace Banquet Holdings Limited to Report First Half, 2023 Results on Nov 29, 2022

Palace Banquet Holdings Limited Announces Chan Shou Ming Tendered Resignation as an Executive Director of the Company with Effect from 1 October 2022

Executive Director recently sold HK$59k worth of stock

Executive Director recently sold HK$387k worth of stock

Executive Director recently sold HK$735k worth of stock

Full year 2022 earnings released: HK$0.028 loss per share (vs HK$0.12 loss in FY 2021)

Now 28% undervalued after recent price drop

Palace Banquet Holdings Limited, Annual General Meeting, Aug 30, 2022

Now 26% undervalued after recent price drop

Full year 2022 earnings released

Palace Banquet Holdings Limited to Report Fiscal Year 2022 Results on Jun 30, 2022

High number of new directors

Less than half of directors are independent

Palace Banquet Holdings Limited Announces Executive Changes

First half 2022 earnings: Revenues and EPS in line with analyst expectations

High number of new directors

Independent Non-executive Director Koon Yuen Chan has left the company

Full year 2021 earnings released: HK$0.12 loss per share (vs HK$0.11 loss in FY 2020)

Palace Banquet Holdings Limited Provides Consolidated Earnings Guidance for the Year Ended March 31, 2021

Company Secretary has left the company

Independent Non-executive Director has left the company

Executive Director has left the company

Independent Non-Executive Director has left the company

Palace Banquet Holdings Limited Announces Board Member's Resignations

Palace Banquet Holdings Limited (HKG:1703) Insiders Have Been Selling

New 90-day high: HK$0.54

Lai Chi Mei agreed to acquire Super Force Limited from Palace Banquet Holdings Limited (SEHK:1703) for HKD 0.7 million.

New 90-day high: HK$0.52

First half 2021 earnings released: HK$0.057 loss per share

Should Palace Banquet Holdings (HKG:1703) Be Disappointed With Their 51% Profit?

First half 2021 earnings released: HK$0.057 loss per share

New 90-day high: HK$0.48

Palace Banquet Holdings Limited to Report First Half, 2021 Results on Nov 27, 2020

Banquet Director & Executive Director recently sold HK$5.6m worth of stock

Palace Banquet Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 37.5 million.

Palace Banquet Holdings Limited Approves Appointment of Chan Chung Yin, Victor as an Independent Non-Executive Director of the Company

New 90-day high: HK$0.37

New 90-day low - HK$0.26

New 90-day low - HK$0.29

Shareholder Returns

Price Volatility