Buy Or Sell Opportunity • Jun 09
Now 23% undervalued Over the last 90 days, the stock has risen 56% to HK$0.47. 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 grown by 2.6% over the last 3 years. Earnings per share has grown by 4.0%. Buy Or Sell Opportunity • May 20
Now 22% undervalued Over the last 90 days, the stock has risen 42% to HK$0.47. The fair value is estimated to be HK$0.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has grown by 4.0%. Buy Or Sell Opportunity • Apr 13
Now 27% undervalued Over the last 90 days, the stock has risen 41% to HK$0.45. 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 grown by 2.6% over the last 3 years. Earnings per share has grown by 4.0%. Reported Earnings • Mar 25
Full year 2025 earnings released: EPS: S$0.012 (vs S$0.004 in FY 2024) Full year 2025 results: EPS: S$0.012 (up from S$0.004 in FY 2024). Revenue: S$51.6m (down 9.8% from FY 2024). Net income: S$9.56m (up 240% from FY 2024). Profit margin: 19% (up from 4.9% in FY 2024). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 25
K2 F&B Holdings Limited, Annual General Meeting, Jun 26, 2026 K2 F&B Holdings Limited, Annual General Meeting, Jun 26, 2026. Announcement • Mar 12
K2 F&B Holdings Limited to Report Fiscal Year 2025 Results on Mar 24, 2026 K2 F&B Holdings Limited announced that they will report fiscal year 2025 results at 12:30 PM, China Standard Time on Mar 24, 2026 New Risk • Dec 18
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 Interest payments are not well covered by earnings (1.1x net interest cover). Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.8% net profit margin). Market cap is less than US$100m (HK$292.0m market cap, or US$37.5m). Announcement • Nov 29
K2 F&B Holdings Limited Announces Change of Company Secretary, Effective 13 November 2025 The board of the directors of K2 F&B Holdings Limited (the Company) announced that Mr. Man Yun Wah (Mr. Man) has ceased to act as the company secretary (the Company Secretary) and an authorised representative of the Company (the Authorised Representative) under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the Listing Rules) and Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) for the acceptance of service of process and notices on behalf of the Company in Hong Kong with effect from 13 November 2025. The Board announced that Ms. Lam Wing Chi (Ms. Lam), who possesses the requisite professional qualification and the relevant experience as required under Rule 3.28 of the Listing Rules, has been appointed as the Company Secretary and an Authorised Representative of the Company in place of Mr. Man with effect from 13 November 2025. Ms. Lam is a Director of Corporate Secretarial Services of InCorp Hong Kong. Ms. Lam has over 12 years of experience in the corporate secretarial and compliance work. She has been providing professional corporate services to Hong Kong listed companies as well as multinational, private and offshore companies. Ms. Lam is a Chartered Secretary, a Chartered Governance Professional and an Associate of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom. New Risk • Oct 15
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 Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.8% net profit margin). Significant insider selling over the past 3 months (HK$13m sold). Market cap is less than US$100m (HK$216.0m market cap, or US$27.8m). Reported Earnings • Oct 02
First half 2025 earnings released: EPS: S$0 (vs S$0 in 1H 2024) First half 2025 results: EPS: S$0 (in line with 1H 2024). Revenue: S$26.1m (down 8.9% from 1H 2024). Net income: S$253.0k (up S$367.0k from 1H 2024). Profit margin: 1.0% (up from net loss in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Reported Earnings • Sep 03
First half 2025 earnings released: EPS: S$0 (vs S$0 in 1H 2024) First half 2025 results: EPS: S$0 (in line with 1H 2024). Revenue: S$26.1m (down 8.9% from 1H 2024). Net income: S$253.0k (up S$367.0k from 1H 2024). Profit margin: 1.0% (up from net loss in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Aug 19
K2 F&B Holdings Limited to Report First Half, 2025 Results on Aug 29, 2025 K2 F&B Holdings Limited announced that they will report first half, 2025 results on Aug 29, 2025 Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: S$0.004 (vs S$0.009 in FY 2023) Full year 2024 results: EPS: S$0.004 (down from S$0.009 in FY 2023). Revenue: S$58.2m (up 4.5% from FY 2023). Net income: S$2.81m (down 62% from FY 2023). Profit margin: 4.8% (down from 13% in FY 2023). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Mar 29
K2 F&B Holdings Limited, Annual General Meeting, Jun 27, 2025 K2 F&B Holdings Limited, Annual General Meeting, Jun 27, 2025. Announcement • Mar 18
K2 F&B Holdings Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 K2 F&B Holdings Limited announced that they will report fiscal year 2024 results at 4:00 PM, China Standard Time on Mar 28, 2025 Announcement • Oct 17
K2 F&B Holdings Limited Announces Re-Designation from Non-Executive Director to an Executive Director and Assistant Chief Executive Officer The board of directors of K2 F&B Holdings Limited announced that Mr. Chu Pok Chong, Ivan will be re-designated from a non-executive Director to an executive Director and assistant chief executive officer of the Company with effect from 15 October 2024 and he will be responsible for managing the daily operations of food centers, driving property management initiatives, overseeing mergers and acquisitions, and ensuring alignment with the Group's budgetary goals and long-term strategic objectives. Mr. Chu aged 30, was first appointed as a non-executive Director on 1 April 2024. Mr. Chu is the son of Mr. Chu Chee Keong (Zhu Zhiqiang) and Ms. Leow Poh Hoon (Liao Baoyun), both executive Directors and controlling shareholders of the Company. Mr. Chu graduated with a Bachelor's degree with Honours in Mechatronics Engineering from Curtin University in Western Australia. The Board considered and accepted the recommendation from the Company's nomination committee to re-designate Mr. Chu as an executive Director and assistant chief executive officer, after reviewing his academic qualification, working experience and contributions to the Board during his tenure as a non-executive Director. As part of the succession planning, Mr. Chu will be mentored by his parents who are very experienced as founders of the Group. Reported Earnings • Oct 02
First half 2024 earnings released: EPS: S$0 (vs S$0.001 loss in 1H 2023) First half 2024 results: EPS: S$0 (improved from S$0.001 loss in 1H 2023). Revenue: S$28.6m (up 8.5% from 1H 2023). Net loss: S$114.0k (loss narrowed 80% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Aug 20
K2 F&B Holdings Limited to Report First Half, 2024 Results on Aug 30, 2024 K2 F&B Holdings Limited announced that they will report first half, 2024 results on Aug 30, 2024 Board Change • Apr 17
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Yong Hwee Ng was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Apr 02
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 10% 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 Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (HK$160.8m market cap, or US$20.5m). Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: S$0.009 (vs S$0.007 in FY 2022) Full year 2023 results: EPS: S$0.009 (up from S$0.007 in FY 2022). Revenue: S$57.0m (up 21% from FY 2022). Net income: S$7.31m (up 29% from FY 2022). Profit margin: 13% (in line with FY 2022). 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 3% per year, which means it is significantly lagging earnings. Announcement • Mar 29
K2 F&B Holdings Limited, Annual General Meeting, Jun 28, 2024 K2 F&B Holdings Limited, Annual General Meeting, Jun 28, 2024. Announcement • Mar 19
K2 F&B Holdings Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 K2 F&B Holdings Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 Reported Earnings • Sep 02
First half 2023 earnings released: S$0.001 loss per share (vs S$0.002 profit in 1H 2022) First half 2023 results: S$0.001 loss per share (down from S$0.002 profit in 1H 2022). Revenue: S$26.4m (up 20% from 1H 2022). Net loss: S$575.0k (down 144% from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. New Risk • Aug 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.3% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.3% net profit margin). Market cap is less than US$100m (HK$142.4m market cap, or US$18.1m). Announcement • Aug 23
K2 F&B Holdings Limited Provides Earning Guidance for the Six Months Ended 30 June 2023 K2 F&B Holdings Limited provides earning guidance for the six months ended 30 June 2023. For the period, the company expects to record a consolidated loss attributable of approximately SGD 0.6 million, as compared to the profit recorded for the corresponding period of 2022. Based on the analysis of the information currently available to the management, such expected losses were mainly due to (i) the significant increase in depreciation as two properties were transferred from investment property to property, plant and equipment as of 31 December 2022; and (ii) the increase in bank loan interest rates and operational costs. Announcement • Aug 18
K2 F&B Holdings Limited to Report First Half, 2023 Results on Aug 28, 2023 K2 F&B Holdings Limited announced that they will report first half, 2023 results on Aug 28, 2023 Reported Earnings • Aug 29
First half 2022 earnings released: EPS: S$0.002 (vs S$0.002 in 1H 2021) First half 2022 results: EPS: S$0.002 (vs S$0.002 in 1H 2021). Revenue: S$22.0m (up 18% from 1H 2021). Net income: S$1.32m (flat on 1H 2021). Profit margin: 6.0% (down from 7.1% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 2% per year. Announcement • Aug 17
K2 F&B Holdings Limited to Report First Half, 2022 Results on Aug 26, 2022 K2 F&B Holdings Limited announced that they will report first half, 2022 results on Aug 26, 2022 Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: S$0.006 (vs S$0.003 in FY 2020) Full year 2021 results: EPS: S$0.006 (up from S$0.003 in FY 2020). Revenue: S$37.6m (up 7.8% from FY 2020). Net income: S$4.57m (up 109% from FY 2020). Profit margin: 12% (up from 6.3% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Announcement • Mar 31
K2 F&B Holdings Limited, Annual General Meeting, Jun 24, 2022 K2 F&B Holdings Limited, Annual General Meeting, Jun 24, 2022. Announcement • Mar 30
K2 F&B Holdings Limited Appoints Chu Chee Keong as a Member of the Nomination Committee The board of directors of K2 F&B Holdings Limited announced that, with effect from 29 March 2022, Mr. Chu Chee Keong (Zhu Zhiqiang), an executive Director, has been appointed as a member of the nomination committee of the Company. Announcement • Dec 16
K2 F&B Holdings Limited (SEHK:2108) exercised an option to acquire First Capital Pte Ltd from Rich Capital Holdings Limited (Catalist:5G4) for SGD 14.5 million. K2 F&B Holdings Limited (SEHK:2108) exercised an option to acquire First Capital Pte Ltd from Rich Capital Holdings Limited (Catalist:5G4) for SGD 14.5 million on December 15, 2021. First Capital Pte ltd had net assets of SGD 2.70288 million, and net losses of SGD 0.237402. The transaction is subject to approval of K2 F&B Holdings, and Rich Capital Holdings shareholder's approval, the approval from SGX-ST and all such regulatory authorities. The deal is expected to be closed within the 16 weeks. Reported Earnings • Sep 27
First half 2021 earnings released: EPS S$0.002 (vs S$0.001 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: S$18.6m (up 15% from 1H 2020). Net income: S$1.31m (up 33% from 1H 2020). Profit margin: 7.1% (up from 6.1% in 1H 2020). Recent Insider Transactions • Jun 06
Insider recently bought HK$361k worth of stock On the 28th of May, Soon Huat Toh bought around 1m shares on-market at roughly HK$0.26 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$491k more in shares than they have sold in the last 12 months. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS S$0.003 (vs S$0.007 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: S$35.3m (down 16% from FY 2019). Net income: S$2.19m (down 57% from FY 2019). Profit margin: 6.2% (down from 12% in FY 2019). Announcement • Mar 18
K2 F&B Holdings Limited to Report Fiscal Year 2020 Results on Mar 29, 2021 K2 F&B Holdings Limited announced that they will report fiscal year 2020 results on Mar 29, 2021 Is New 90 Day High Low • Feb 22
New 90-day high: HK$0.21 The company is up 12% from its price of HK$0.19 on 24 November 2020. The Hong Kong market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 20% over the same period. Announcement • Oct 11
K2 F&B Holdings Limited Announces Re-Designation of Chu Pek Si Non-Executive Director to Executive Director K2 F&B Holdings Limited announced that Ms. Chu Pek Si will be re-designated from a non-executive Director to an executive Director with effect from 10 October 2020 and she will be responsible for mergers & acquisitions and property management initiatives of the Group. Ms. Chu, aged 24, was first appointed as a non-executive Director on 30 August 2018 and was responsible for providing strategic advice to the Company. Ms. Chu is the daughter of
Mr. Chu Chee Keong (Zhu Zhiqiang) (``Mr. Chu''), an executive Director, a controlling shareholder, the chairman and the chief executive officer of the Company and the spouse of Ms. Leow Poh Hoon (Liao Baoyun) (``Ms. Leow''), and Ms. Leow, an executive Director and the spouse of Mr. Chu. Announcement • Oct 01
K2 F&B Holdings Limited Announces Executive Changes The board of the directors of K2 F&B Holdings Limited announced that Mr. Hwang Hau-zen Basil has resigned as the company secretary of the company and has ceased to act as an authorized representative of the company for accepting service of process or notice in Hong Kong pursuant to Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and an authorized representative of the company under Part 16 of the Companies Ordinance, with effect from 30 September 2020. The board also announced that Mr. Man Yun Wah has been appointed as the Company Secretary and the Authorized Representatives with effect from 30 September 2020. Mr. Man satisfies the qualification requirements for company secretary under Rule 3.28 of the Listing Rules. He is currently an associate member of both The Chartered Governance Institute and The Hong Kong Institute of Chartered Secretaries. Mr. Man has extensive working experience in the company secretarial profession. Announcement • Aug 15
K2 F&B Holdings Limited to Report Q2, 2020 Results on Aug 26, 2020 K2 F&B Holdings Limited announced that they will report Q2, 2020 results on Aug 26, 2020 
