Major Estimate Revision • Jun 05
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2026 has been updated. 2026 consensus EPS estimate fell from HK$0.50 to HK$0.44. Revenue forecast reaffirmed at HK$42.4b. Net income forecast to shrink 11% next year vs 33% growth forecast for Hospitality industry in Hong Kong . Consensus price target up from HK$5.30 to HK$5.44. Share price rose 2.7% to HK$3.86 over the past week. New Risk • Jun 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$4.20, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Hospitality industry in Hong Kong. Total loss to shareholders of 41% over the past three years. Reported Earnings • Apr 02
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: HK$0.50 (up from HK$0.52 loss in FY 2024). Revenue: HK$40.2b (up 11% from FY 2024). Net income: HK$1.06b (up HK$1.84b from FY 2024). Profit margin: 2.6% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 36%. Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Hospitality industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Apr 01
Melco International Development Limited, Annual General Meeting, Jun 08, 2026 Melco International Development Limited, Annual General Meeting, Jun 08, 2026. Announcement • Mar 18
Melco International Development Limited to Report Fiscal Year 2025 Results on Mar 31, 2026 Melco International Development Limited announced that they will report fiscal year 2025 results on Mar 31, 2026 Price Target Changed • Sep 03
Price target increased by 10% to HK$5.72 Up from HK$5.18, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of HK$5.87. Stock is up 43% over the past year. The company is forecast to post earnings per share of HK$0.25 next year compared to a net loss per share of HK$0.52 last year. Reported Earnings • Aug 31
First half 2025 earnings released: EPS: HK$0.18 (vs HK$0.17 loss in 1H 2024) First half 2025 results: EPS: HK$0.18 (up from HK$0.17 loss in 1H 2024). Revenue: HK$20.0b (up 12% from 1H 2024). Net income: HK$350.8m (up HK$604.0m from 1H 2024). Profit margin: 1.8% (up from net loss in 1H 2024). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Hospitality industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Aug 18
Melco International Development Limited to Report First Half, 2025 Results on Aug 29, 2025 Melco International Development Limited announced that they will report first half, 2025 results on Aug 29, 2025 New Risk • Jul 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). New Risk • Jun 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major 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. This is currently the only risk that has been identified for the company. New Risk • Jun 04
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: HK$785m Forecast net loss in 2 years: HK$239m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company. Major Estimate Revision • Jun 03
Consensus estimates of losses per share improve by 43% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from HK$38.5b to HK$38.9b. EPS estimate increased from -HK$0.582 per share to -HK$0.333 per share. Hospitality industry in Hong Kong expected to see average net income growth of 27% next year. Consensus price target down from HK$3.75 to HK$3.67. Share price fell 4.1% to HK$3.31 over the past week. Major Estimate Revision • May 06
Consensus EPS estimates upgraded to HK$0.58 loss The consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -HK$0.84 to -HK$0.582 per share. Revenue forecast steady at HK$38.0b. Hospitality industry in Hong Kong expected to see average net income growth of 32% next year. Consensus price target down from HK$4.68 to HK$3.92. Share price fell 2.4% to HK$3.23 over the past week. Reported Earnings • May 01
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: HK$0.52 loss per share (improved from HK$1.16 loss in FY 2023). Revenue: HK$36.2b (up 23% from FY 2023). Net loss: HK$784.6m (loss narrowed 55% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 20%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Apr 26
Melco International Development Limited has filed a Follow-on Equity Offering in the amount of HKD 780.030455 million. Melco International Development Limited has filed a Follow-on Equity Offering in the amount of HKD 780.030455 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 758,341,877
Price\Range: HKD 1.0286
Discount Per Security: HKD 0.0116
Transaction Features: Rights Offering Price Target Changed • Apr 22
Price target decreased by 9.3% to HK$4.65 Down from HK$5.13, the current price target is an average from 6 analysts. New target price is 36% above last closing price of HK$3.42. Stock is down 36% over the past year. The company is forecast to post a net loss per share of HK$0.84 next year compared to a net loss per share of HK$0.52 last year. Major Estimate Revision • Apr 16
Consensus EPS estimates fall from profit to HK$0.41 loss The consensus outlook for fiscal year 2025 has been updated. Expected to report loss instead of -HK$0.41 instead of HK$0.02 per share profit previously forecast. Revenue forecast unchanged at HK$37.8b Hospitality industry in Hong Kong expected to see average net income growth of 30% next year. Consensus price target down from HK$5.13 to HK$4.97. Share price was steady at HK$3.37 over the past week. Reported Earnings • Mar 30
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: HK$0.52 loss per share (improved from HK$1.16 loss in FY 2023). Revenue: HK$36.2b (up 23% from FY 2023). Net loss: HK$784.6m (loss narrowed 55% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 20%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Mar 29
Melco International Development Limited, Annual General Meeting, Jun 05, 2025 Melco International Development Limited, Annual General Meeting, Jun 05, 2025. Announcement • Mar 24
Melco International Development Limited(SEHK:200) dropped from FTSE All-World Index (USD) Melco International Development Limited(SEHK:200) dropped from FTSE All-World Index (USD) Announcement • Mar 17
Melco International Development Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 Melco International Development Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 Price Target Changed • Jan 14
Price target decreased by 7.2% to HK$5.48 Down from HK$5.90, the current price target is an average from 8 analysts. New target price is 27% above last closing price of HK$4.31. Stock is down 20% over the past year. The company is forecast to post a net loss per share of HK$0.65 next year compared to a net loss per share of HK$1.16 last year. New Risk • Nov 09
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: HK$1.3b Forecast net loss in 2 years: HK$119m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company. Major Estimate Revision • Nov 08
Consensus EPS estimates fall by 20% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -HK$0.531 to -HK$0.637 per share. Revenue forecast unchanged at HK$35.7b. Hospitality industry in Hong Kong expected to see average net income growth of 37% next year. Consensus price target broadly unchanged at HK$6.00. Share price rose 10.0% to HK$5.30 over the past week. Price Target Changed • Sep 27
Price target decreased by 8.8% to HK$6.06 Down from HK$6.64, the current price target is an average from 7 analysts. New target price is 23% above last closing price of HK$4.94. Stock is down 21% over the past year. The company is forecast to post a net loss per share of HK$0.064 next year compared to a net loss per share of HK$1.16 last year. Reported Earnings • Sep 01
First half 2024 earnings released: HK$0.17 loss per share (vs HK$0.49 loss in 1H 2023) First half 2024 results: HK$0.17 loss per share (improved from HK$0.49 loss in 1H 2023). Revenue: HK$17.8b (up 36% from 1H 2023). Net loss: HK$253.2m (loss narrowed 66% from 1H 2023). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Major Estimate Revision • Aug 24
Consensus EPS estimates fall from profit to HK$0.018 loss The consensus outlook for fiscal year 2024 has been updated. Now expected to report loss of -HK$0.0176 instead of HK$0.009 per share profit in 2024. Revenue forecast reaffirmed at HK$36.4b. Hospitality industry in Hong Kong expected to see average net income growth of 37% next year. Consensus price target down from HK$6.64 to HK$6.33. Share price was steady at HK$4.19 over the past week. Price Target Changed • Aug 23
Price target decreased by 11% to HK$6.33 Down from HK$7.14, the current price target is an average from 7 analysts. New target price is 51% above last closing price of HK$4.19. Stock is down 40% over the past year. The company is forecast to post earnings per share of HK$0.009 next year compared to a net loss per share of HK$1.16 last year. Announcement • Aug 20
Melco International Development Limited to Report First Half, 2024 Results on Aug 30, 2024 Melco International Development Limited announced that they will report first half, 2024 results on Aug 30, 2024 Recent Insider Transactions • Jun 08
Executive Chairman & CEO recently bought HK$152k worth of stock On the 30th of May, Yau Lung Ho bought around 24k shares on-market at roughly HK$6.34 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$3.4m. Yau Lung has been a buyer over the last 12 months, purchasing a net total of HK$3.5m worth in shares. Recent Insider Transactions • May 31
Independent Non-executive Director recently sold HK$630k worth of stock On the 27th of May, Che Yin Tsui sold around 100k shares on-market at roughly HK$6.30 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth HK$802k. Insiders have been net sellers, collectively disposing of HK$4.2m more than they bought in the last 12 months. Recent Insider Transactions • May 27
Executive Chairman & CEO recently bought HK$3.4m worth of stock On the 20th of May, Yau Lung Ho bought around 500k shares on-market at roughly HK$6.77 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Yau Lung's only on-market trade for the last 12 months. Reported Earnings • Apr 28
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: HK$1.16 loss per share (improved from HK$3.40 loss in FY 2022). Revenue: HK$29.5b (up 180% from FY 2022). Net loss: HK$1.74b (loss narrowed 66% from FY 2022). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Major Estimate Revision • Apr 18
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from HK$36.8b to HK$36.2b. Now expected to report a loss of HK$0.58 per share instead of HK$0.289 per share profit previously forecast. Hospitality industry in Hong Kong expected to see average net income growth of 37% next year. Consensus price target broadly unchanged at HK$6.90. Share price fell 11% to HK$5.10 over the past week. Recent Insider Transactions • Apr 10
Executive Chairman & CEO recently bought HK$5.5m worth of stock On the 2nd of April, Yau Lung Ho bought around 1m shares on-market at roughly HK$5.18 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Yau Lung's only on-market trade for the last 12 months. Announcement • Mar 29
Melco International Development Limited, Annual General Meeting, Jun 13, 2024 Melco International Development Limited, Annual General Meeting, Jun 13, 2024. Reported Earnings • Mar 29
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: HK$1.16 loss per share (improved from HK$3.40 loss in FY 2022). Revenue: HK$29.5b (up 180% from FY 2022). Net loss: HK$1.74b (loss narrowed 66% from FY 2022). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Announcement • Mar 16
Melco International Development Limited to Report Fiscal Year 2023 Final Results on Mar 28, 2024 Melco International Development Limited announced that they will report fiscal year 2023 final results on Mar 28, 2024 Price Target Changed • Feb 05
Price target decreased by 11% to HK$7.00 Down from HK$7.85, the current price target is an average from 6 analysts. New target price is 32% above last closing price of HK$5.30. Stock is down 47% over the past year. The company is forecast to post a net loss per share of HK$1.19 next year compared to a net loss per share of HK$3.40 last year. Major Estimate Revision • Jan 12
Consensus EPS estimates fall by 64% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -HK$0.742 to -HK$1.22 per share. Revenue forecast unchanged at HK$29.5b. Hospitality industry in Hong Kong expected to see average net income growth of 98% next year. Consensus price target broadly unchanged at HK$7.77. Share price was steady at HK$5.30 over the past week. Major Estimate Revision • Dec 14
Consensus EPS estimates upgraded to HK$0.74 loss The consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -HK$0.828 to -HK$0.742 per share. Revenue forecast steady at HK$29.2b. Hospitality industry in Hong Kong expected to see average net income growth of 99% next year. Consensus price target down from HK$8.97 to HK$7.92. Share price was steady at HK$5.16 over the past week. Price Target Changed • Dec 13
Price target decreased by 16% to HK$7.92 Down from HK$9.42, the current price target is an average from 6 analysts. New target price is 55% above last closing price of HK$5.10. Stock is down 43% over the past year. The company is forecast to post a net loss per share of HK$0.74 next year compared to a net loss per share of HK$3.40 last year. Price Target Changed • Nov 15
Price target decreased by 10.0% to HK$9.42 Down from HK$10.46, the current price target is an average from 6 analysts. New target price is 72% above last closing price of HK$5.47. Stock is down 8.7% over the past year. The company is forecast to post a net loss per share of HK$0.91 next year compared to a net loss per share of HK$3.40 last year. Major Estimate Revision • Nov 11
Consensus EPS estimates upgraded to HK$0.77 loss, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from HK$30.6b to HK$29.9b. 2023 losses expected to reduce from -HK$1.05 to -HK$0.773 per share. Hospitality industry in Hong Kong expected to see average net income growth of 118% next year. Consensus price target down from HK$10.46 to HK$10.00. Share price fell 4.6% to HK$5.21 over the past week. Price Target Changed • Nov 10
Price target decreased by 7.4% to HK$10.30 Down from HK$11.12, the current price target is an average from 5 analysts. New target price is 98% above last closing price of HK$5.21. Stock is down 0.6% over the past year. The company is forecast to post a net loss per share of HK$0.76 next year compared to a net loss per share of HK$3.40 last year. Recent Insider Transactions • Oct 05
Independent Non-executive Director recently sold HK$2.2m worth of stock On the 27th of September, Che Yin Tsui sold around 350k shares on-market at roughly HK$6.20 per share. This transaction amounted to 5.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of HK$21m more than they bought in the last 12 months. Price Target Changed • Sep 19
Price target decreased by 7.2% to HK$11.12 Down from HK$11.98, the current price target is an average from 5 analysts. New target price is 75% above last closing price of HK$6.34. Stock is up 3.1% over the past year. The company is forecast to post a net loss per share of HK$1.05 next year compared to a net loss per share of HK$3.40 last year. Announcement • Sep 02
Melco International Development Limited Announces Executive Changes Melco International Development Limited announced that Mr. Ng Ching Wo ("Mr. Ng"), in pursuit of his retirement plan, has resigned as Non-executive director (the "Director(s)") and ceased to be member of the Audit Committee, the Remuneration Committee and the Nomination and Corporate Governance Committee of the Company with effect from 1 September 2023; andMs. Karuna Evelyne Shinsho, an Independent Non-executive Director, has been appointed as a member of the Audit Committee of the Company with effect from 1 September 2023 upon the retirement of Mr. Ng. Reported Earnings • Sep 01
First half 2023 earnings released: HK$0.49 loss per share (vs HK$1.58 loss in 1H 2022) First half 2023 results: HK$0.49 loss per share (improved from HK$1.58 loss in 1H 2022). Revenue: HK$13.0b (up 116% from 1H 2022). Net loss: HK$733.2m (loss narrowed 69% from 1H 2022). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Hospitality industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Aug 19
Melco International Development Limited to Report First Half, 2023 Results on Aug 31, 2023 Melco International Development Limited announced that they will report first half, 2023 results on Aug 31, 2023 Announcement • Jun 24
Melco International Development Limited Appoints John William Crawford as an Additional Member to the Remuneration Committee The board of Melco International Development Limited announced that Mr. John William Crawford, an independent non-executive director, has been appointed as an additional member to the remuneration committee of the company (the remuneration committee) with effect from 23 June 2023. Following the appointment, the Remuneration Committee comprises four members, namely Mr. Tsui Che Yin, Frank (Chairman of the Remuneration Committee), Mr. Ng Ching Wo, Mr. John William Crawford and Ms. Karuna Evelyne Shinsho. Major Estimate Revision • May 19
Consensus EPS estimates upgraded to HK$1.09 loss The consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -HK$1.39 per share to -HK$1.09 per share. Revenue forecast reaffirmed at HK$28.6b. Hospitality industry in Hong Kong expected to see average net income growth of 162% next year. Consensus price target broadly unchanged at HK$11.96. Share price was steady at HK$7.84 over the past week. Reported Earnings • Apr 30
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: HK$3.40 loss per share (further deteriorated from HK$2.52 loss in FY 2021). Revenue: HK$10.6b (down 32% from FY 2021). Net loss: HK$5.11b (loss widened 34% from FY 2021). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Hospitality industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Apr 15
Consensus EPS estimates fall by 11%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from HK$25.6b to HK$25.9b. Forecast EPS reduced from -HK$1.70 to -HK$1.90 per share. Hospitality industry in Hong Kong expected to see average net income growth of 162% next year. Consensus price target broadly unchanged at HK$11.87. Share price fell 2.6% to HK$9.13 over the past week. Price Target Changed • Jan 14
Price target increased to HK$10.33 Up from HK$9.50, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of HK$10.52. Stock is up 14% over the past year. The company is forecast to post a net loss per share of HK$3.99 next year compared to a net loss per share of HK$2.52 last year. Major Estimate Revision • Jan 04
Consensus revenue estimates fall by 12% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from HK$14.8b to HK$13.0b. Forecast losses increased from -HK$3.29 to -HK$3.64 per share. Hospitality industry in Hong Kong expected to see average net income growth of 122% next year. Consensus price target up from HK$8.71 to HK$9.50. Share price rose 6.5% to HK$9.04 over the past week. Price Target Changed • Dec 19
Price target increased to HK$9.10 Up from HK$8.30, the current price target is an average from 7 analysts. New target price is 15% above last closing price of HK$7.92. Stock is down 4.5% over the past year. The company is forecast to post a net loss per share of HK$3.42 next year compared to a net loss per share of HK$2.52 last year. Major Estimate Revision • Dec 03
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from HK$15.9b to HK$14.8b. Losses expected to increase from HK$2.84 per share to HK$3.29. Hospitality industry in Hong Kong expected to see average net income growth of 129% next year. Consensus price target broadly unchanged at HK$8.39. Share price rose 35% to HK$6.80 over the past week. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director John William Crawford was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Major Estimate Revision • Oct 18
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from HK$16.6b to HK$16.2b. Losses expected to increase from HK$2.86 per share to HK$3.27. Hospitality industry in Hong Kong expected to see average net income growth of 177% next year. Consensus price target down from HK$8.41 to HK$8.19. Share price fell 11% to HK$5.14 over the past week. Reported Earnings • Sep 01
First half 2022 earnings released: HK$1.58 loss per share (vs HK$1.09 loss in 1H 2021) First half 2022 results: HK$1.58 loss per share (down from HK$1.09 loss in 1H 2021). Revenue: HK$6.03b (down 28% from 1H 2021). Net loss: HK$2.37b (loss widened 44% from 1H 2021). Over the next year, revenue is forecast to grow 64%, compared to a 43% growth forecast for the Hospitality industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • May 22
President recently sold HK$538k worth of stock On the 17th of May, Evan Winkler sold around 100k shares on-market at roughly HK$5.38 per share. This was the largest sale by an insider in the last 3 months. Evan has been a seller over the last 12 months, reducing personal holdings by HK$1.1m. Reported Earnings • May 02
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: HK$2.52 loss per share (up from HK$4.19 loss in FY 2020). Revenue: HK$15.6b (up 17% from FY 2020). Net loss: HK$3.81b (loss narrowed 40% from FY 2020). Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 30%. Over the next year, revenue is forecast to grow 20%, compared to a 38% growth forecast for the restaurants industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Apr 27
Consensus EPS estimates fall by 126% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from HK$19.7b to HK$18.8b. Losses expected to increase from HK$1.01 per share to HK$2.27. Hospitality industry in Hong Kong expected to see average net income growth of 35% next year. Consensus price target down from HK$11.13 to HK$9.68. Share price fell 7.3% to HK$6.12 over the past week. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director John William Crawford was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Price Target Changed • Apr 21
Price target decreased to HK$10.05 Down from HK$11.49, the current price target is an average from 6 analysts. New target price is 52% above last closing price of HK$6.60. Stock is down 57% over the past year. The company is forecast to post a net loss per share of HK$1.01 next year compared to a net loss per share of HK$2.52 last year. Major Estimate Revision • Apr 15
Consensus estimates of losses per share improve by 53% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from HK$18.6b to HK$19.7b. EPS estimate increased from -HK$2.14 per share to -HK$1.01 per share. Hospitality industry in Hong Kong expected to see average net income growth of 36% next year. Consensus price target down from HK$11.49 to HK$11.13. Share price was steady at HK$6.80 over the past week. Major Estimate Revision • Apr 07
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from HK$23.4b to HK$18.6b. EPS estimate unchanged from -HK$2.14 per share at last update. Hospitality industry in Hong Kong expected to see average net income growth of 33% next year. Consensus price target broadly unchanged at HK$11.49. Share price fell 7.5% to HK$6.70 over the past week. Reported Earnings • Apr 01
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: HK$2.52 loss per share (up from HK$4.19 loss in FY 2020). Revenue: HK$15.6b (up 17% from FY 2020). Net loss: HK$3.81b (loss narrowed 40% from FY 2020). Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 30%. Over the next year, revenue is forecast to grow 50%, compared to a 50% growth forecast for the restaurants industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Recent Insider Transactions Derivative • Jan 30
Executive Director exercised options and sold HK$368k worth of stock On the 24th of January, Yuk Man Chung exercised options to acquire 38k shares at no cost and sold these for an average price of HK$9.68 per share. This trade did not impact their existing holding. Since June 2021, Yuk Man has owned 3.09m shares directly. Company insiders have collectively bought HK$74m more than they sold, via options and on-market transactions, in the last 12 months. Price Target Changed • Jan 17
Price target decreased to HK$11.52 Down from HK$12.85, the current price target is an average from 7 analysts. New target price is 19% above last closing price of HK$9.72. Stock is down 30% over the past year. The company is forecast to post a net loss per share of HK$3.63 next year compared to a net loss per share of HK$4.19 last year. Price Target Changed • Nov 25
Price target increased to HK$13.24 Up from HK$12.29, the current price target is an average from 7 analysts. New target price is 16% above last closing price of HK$11.42. Stock is down 25% over the past year. The company is forecast to post a net loss per share of HK$3.29 next year compared to a net loss per share of HK$4.19 last year. Price Target Changed • Oct 21
Price target decreased to HK$12.29 Down from HK$14.24, the current price target is an average from 7 analysts. New target price is 26% above last closing price of HK$9.79. Stock is down 26% over the past year. The company is forecast to post a net loss per share of HK$3.30 next year compared to a net loss per share of HK$4.19 last year. Price Target Changed • Sep 15
Price target decreased to HK$14.49 Down from HK$15.88, the current price target is an average from 7 analysts. New target price is 58% above last closing price of HK$9.17. Stock is down 46% over the past year.