Board Change • May 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Executive Chairman Edwin Lun is the most experienced director on the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Buy Or Sell Opportunity • Apr 17
Now 55% undervalued after recent price drop Over the last 90 days, the stock has fallen 41% to HK$0.14. The fair value is estimated to be HK$0.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 29% over the last 3 years. Earnings per share has grown by 9.7%. Buy Or Sell Opportunity • Mar 23
Now 21% undervalued Over the last 90 days, the stock has risen 55% to HK$0.25. The fair value is estimated to be HK$0.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 29% over the last 3 years. Earnings per share has grown by 9.7%. Reported Earnings • Nov 20
First half 2026 earnings released: EPS: HK$0.002 (vs HK$0.005 loss in 1H 2025) First half 2026 results: EPS: HK$0.002 (up from HK$0.005 loss in 1H 2025). Revenue: HK$25.1m (down 57% from 1H 2025). Net income: HK$3.40m (up HK$13.2m from 1H 2025). Profit margin: 14% (up from net loss in 1H 2025). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 05
Mexan Limited to Report First Half, 2026 Results on Nov 19, 2025 Mexan Limited announced that they will report first half, 2026 results on Nov 19, 2025 New Risk • Oct 30
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: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Significant insider selling over the past 3 months (HK$2.2m sold). Revenue is less than US$5m (HK$38m revenue, or US$4.8m). Market cap is less than US$100m (HK$188.8m market cap, or US$24.3m). Announcement • Aug 16
Mexan Limited, Annual General Meeting, Sep 19, 2025 Mexan Limited, Annual General Meeting, Sep 19, 2025, at 11:00 China Standard Time. Location: room 6, 14/f, fairmont house, 8 cotton tree drive, central, Hong Kong Board Change • Aug 06
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 Howard Chao was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 02
Full year 2025 earnings released: HK$0.02 loss per share (vs HK$0.007 loss in FY 2024) Full year 2025 results: HK$0.02 loss per share (further deteriorated from HK$0.007 loss in FY 2024). Net loss: HK$38.7m (loss widened 199% from FY 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 28
Executive Chairman recently sold HK$279k worth of stock On the 25th of June, Yiu Kay Lun sold around 1m shares on-market at roughly HK$0.21 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Yiu Kay's only on-market trade for the last 12 months. Reported Earnings • Jun 19
Full year 2025 earnings released: HK$0.02 loss per share (vs HK$0.01 loss in FY 2024) Full year 2025 results: HK$0.02 loss per share (further deteriorated from HK$0.01 loss in FY 2024). Net loss: HK$38.7m (loss widened 92% from FY 2024). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 04
Mexan Limited to Report Fiscal Year 2025 Results on Jun 18, 2025 Mexan Limited announced that they will report fiscal year 2025 results on Jun 18, 2025 New Risk • Feb 10
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 25% 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 Risk Share price has been highly volatile over the past 3 months (25% average weekly change). Minor Risk Market cap is less than US$100m (HK$291.0m market cap, or US$37.4m). Announcement • Feb 08
Mexan Limited Proposes Special Dividend On 07 February 2025, Mexan Limited proposed declaration of VSD Special Dividend of HKD 0.06 per share. New Risk • Dec 23
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 13% 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: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (HK$133.7m market cap, or US$17.2m). Reported Earnings • Nov 26
First half 2025 earnings released: HK$0.005 loss per share (vs HK$0.005 loss in 1H 2024) First half 2025 results: HK$0.005 loss per share (in line with 1H 2024). Revenue: HK$58.1m (down 31% from 1H 2024). Net loss: HK$9.83m (loss widened 3.5% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Announcement • Nov 09
Mexan Limited to Report First Half, 2025 Results on Nov 20, 2024 Mexan Limited announced that they will report first half, 2025 results on Nov 20, 2024 New Risk • Nov 08
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 13% 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: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (HK$133.7m market cap, or US$17.2m). New Risk • Oct 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 12% 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: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (HK$121.9m market cap, or US$15.7m). Reported Earnings • Jul 28
Full year 2024 earnings released: HK$0.01 loss per share (vs HK$0.012 loss in FY 2023) Full year 2024 results: HK$0.01 loss per share (improved from HK$0.012 loss in FY 2023). Revenue: HK$176.9m (up 40% from FY 2023). Net loss: HK$20.2m (loss narrowed 15% from FY 2023). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • Jul 24
Mexan Limited, Annual General Meeting, Sep 20, 2024 Mexan Limited, Annual General Meeting, Sep 20, 2024, at 11:00 China Standard Time. Location: rambler cafe (also known as winland 800 cafe), 5/f, winland 800 hotel, hotel 2, rambler crest, no. 1 tsing yi road, tsing yi, new territories, Hong Kong Reported Earnings • Jun 28
Full year 2024 earnings released: HK$0.01 loss per share (vs HK$0.012 loss in FY 2023) Full year 2024 results: HK$0.01 loss per share (improved from HK$0.012 loss in FY 2023). Revenue: HK$176.9m (up 40% from FY 2023). Net loss: HK$20.2m (loss narrowed 15% from FY 2023). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • Jun 14
Mexan Limited to Report Fiscal Year 2024 Results on Jun 26, 2024 Mexan Limited announced that they will report fiscal year 2024 results on Jun 26, 2024 Reported Earnings • Dec 01
First half 2024 earnings released: HK$0.005 loss per share (vs HK$0.01 loss in 1H 2023) First half 2024 results: HK$0.005 loss per share (improved from HK$0.01 loss in 1H 2023). Revenue: HK$84.5m (up 121% from 1H 2023). Net loss: HK$9.49m (loss narrowed 52% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 28
Full year 2023 earnings released: HK$0.012 loss per share (vs HK$0.023 loss in FY 2022) Full year 2023 results: HK$0.012 loss per share (improved from HK$0.023 loss in FY 2022). Revenue: HK$126.4m (up 359% from FY 2022). Net loss: HK$23.8m (loss narrowed 47% from FY 2022). 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 13% per year, which means it is significantly lagging earnings. Announcement • Jul 26
Mexan Limited, Annual General Meeting, Sep 22, 2023 Mexan Limited, Annual General Meeting, Sep 22, 2023, at 11:00 China Standard Time. Location: Rambler Café (Also known as Winland 800 Café), 5/F, Winland 800 Hotel, Hotel 2, Rambler Crest, No. 1 Tsing Yi Road, Tsing Yi, New Territories Hong Kong Agenda: To receive and consider the audited financial statements, the directors' report and the independent auditor's report for the year ended 31 March 2023; To re-elect directors and to authorise the board of directors to fix the remuneration of directors; and To re-appoint auditors and to authorise the board of directors to fix the remuneration of auditors; and to discuss other matters. Reported Earnings • Jun 29
Full year 2023 earnings released: HK$0.012 loss per share (vs HK$0.023 loss in FY 2022) Full year 2023 results: HK$0.012 loss per share (improved from HK$0.023 loss in FY 2022). Revenue: HK$126.4m (up 359% from FY 2022). Net loss: HK$23.8m (loss narrowed 47% from FY 2022). 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 20% per year, which means it is significantly lagging earnings. New Risk • Jun 22
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 37% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Market cap is less than US$100m (HK$139.6m market cap, or US$17.8m). Announcement • Jun 15
Mexan Limited to Report Fiscal Year 2023 Results on Jun 28, 2023 Mexan Limited announced that they will report fiscal year 2023 results on Jun 28, 2023 Announcement • Jan 21
Mexan Limited Announces Board Changes The board of directors of Mexan Limited announced that Mr. Ng Tze Ho Joseph has resigned as an executive Director, a member of the executive committee of the Company and an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities (on The Stock Exchange of Hong Kong Limited with effect from 20 January 2023 to concentrate on other business commitments. The Board also announces that Mr. Ng Hung Sui Kenneth ("Mr. Kenneth Ng") has resigned as an independent non-executive Director and ceased to be a member of each of the audit committee of the Company and the remuneration committee of the Company with effect from 20 January 2023 to concentrate on other business commitments. The Board announced that, with effect from 20 January 2023, Mr. Ng Ka Kit has been appointed as an executive Director and a member of the Executive Committee. The Board is also pleased to announce that Mr. Chao Howard has been appointed as an independent non-executive Director and a member of each of the Audit Committee and the Remuneration Committee. Mr. Ng, aged 53, holds a Master of Science Degree in Hotel and Tourism Management from Hong Kong Polytechnic University and also holds a Bachelor Degree in Business Administration from Thames Valley University (now known as University of West London) in United Kingdom. Mr. Ng has over 30 years' experience in the hotel industry. He first joined Mexan Harbour Hotel in 2006 as General Manager until 2013 and later rejoined the Hotel in 2015 as General Manager. Mr. Ng is also a director of several companies directly or indirectly owned by Mr. Lun Yiu Kay Edwin, the Chairman and an executive Director of the Company. Mr. Chao, aged 39, holds a Master of Science Degree in Real Estate from the University of Greenwich and a Bachelor of Arts Degree in Business Administration from California State University, Fullerton and was awarded a Certificate of Completion for the Leadership Programme on Real Estate Sustainability by the University of Cambridge Institute for Sustainability Leadership. Mr. Chao has over 16 years of experience in real estate development, construction, corporate finance and asset management; his experience covers the region of Hong Kong, Mainland China, Malaysia and Macau. In the years past, Mr. Chao actively engaged in social work promoting real estate and construction industry's interests, also to advocate and to promote economic ties between Hong Kong and Mainland China. In 2021, Mr. Chao was a running candidate for office of the Legislative Council Election, under the functional constituency of Real Estate and Construction Sector. Mr. Chao is currently the Chief Executive Officer of Maximus Capital Management Limited and Maximus Surveyors Limited and a non-executive director of Cheuk Nang (Holdings) Limited, a company listed on the Main Board of the Stock Exchange (Stock Code: 131). He is also a member of the Chinese People's Political Consultative Conference of Chongqing, Committee Member and the Vice-Chairman of Young Executives' Committee of The Chinese General Chamber of Commerce, Advisor of the its Hong Kong Foundation, Director of the Hong Kong Securities Association, Vice-President of the Hong Kong Chongqing Friendship Federation, Member of The Hong Kong Real Property Federation, and The Convenor of the Hong Kong Real Estate and Construction Concerned Group. Following the resignation of Mr. Joseph Ng, Mr. Tang Sik Ho (the existing company secretary of the Company) has been appointed as an authorised representative of the Company under Rule 3.05 of the Listing Rules with effect from 20 January 2023. Reported Earnings • Nov 29
First half 2023 earnings released: HK$0.01 loss per share (vs HK$0.008 loss in 1H 2022) First half 2023 results: HK$0.01 loss per share (further deteriorated from HK$0.008 loss in 1H 2022). Revenue: HK$38.3m (up 146% from 1H 2022). Net loss: HK$19.7m (loss widened 21% from 1H 2022). 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 24% per year, which means it is significantly lagging earnings. Announcement • Nov 17
Mexan Limited to Report First Half, 2023 Results on Nov 28, 2022 Mexan Limited announced that they will report first half, 2023 results on Nov 28, 2022 Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Non-Executive Director Shu Kan Lau was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 28
Full year 2022 earnings released: HK$0.023 loss per share (vs HK$0.022 loss in FY 2021) Full year 2022 results: HK$0.023 loss per share (down from HK$0.022 loss in FY 2021). Net loss: HK$44.4m (loss widened 2.6% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 21% per year. Announcement • Jul 28
Mexan Limited, Annual General Meeting, Sep 16, 2022 Mexan Limited, Annual General Meeting, Sep 16, 2022, at 11:00 China Standard Time. Location: Rambler Café (Also known as Winland 800 Café), 5/F, Winland 800 Hotel, Hotel 2, Rambler Crest, No. 1 Tsing Yi Road, Tsing Yi New Territories Hong Kong Agenda: To receive and consider the audited financial statements, the directors' report and the independent auditor's report for the year ended 31 March 2022; to re-elect retiring directors and the independent non-executive director who has served more than 9 years and to authorise the board of directors to fix the remuneration of directors; to re-appoint auditors and to authorise the board of directors to fix the remuneration of auditors; and to consider other matters. Reported Earnings • Jun 23
Full year 2022 earnings released: HK$0.023 loss per share (vs HK$0.022 loss in FY 2021) Full year 2022 results: HK$0.023 loss per share (down from HK$0.022 loss in FY 2021). Net loss: HK$44.4m (loss widened 2.6% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 23% per year. Announcement • Jun 09
Mexan Limited to Report Fiscal Year 2022 Results on Jun 22, 2022 Mexan Limited announced that they will report fiscal year 2022 results on Jun 22, 2022 Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Non-Executive Director Shu Kan Lau was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 03
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: HK$0.008 loss per share (up from HK$0.012 loss in 1H 2021). Net loss: HK$16.3m (loss narrowed 32% from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 03
Full year 2021 earnings released: HK$0.022 loss per share (vs HK$0.036 loss in FY 2020) Full year 2021 results: Net loss: HK$43.3m (loss narrowed 39% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 27
Full year 2021 earnings released: HK$0.022 loss per share (vs HK$0.036 loss in FY 2020) Full year 2021 results: Net loss: HK$43.3m (loss narrowed 39% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Reported Earnings • Dec 24
First half 2021 earnings released: HK$0.012 loss per share First half 2021 results: Net loss: HK$24.0m (loss widened 8.0% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 100% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 28
First half 2021 earnings released: HK$0.012 loss per share First half 2021 results: Net loss: HK$24.0m (loss widened 8.0% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 100% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.