Reported Earnings • Apr 23
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: CN¥0.34 (up from CN¥0.23 in FY 2024). Revenue: CN¥4.62b (up 12% from FY 2024). Net income: CN¥756.1m (up 48% from FY 2024). Profit margin: 16% (up from 13% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Consumer Services industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Declared Dividend • Mar 19
Dividend of HK$0.30 announced Shareholders will receive a dividend of HK$0.30. Ex-date: 1st June 2026 Payment date: 25th June 2026 Dividend yield will be 5.1%, which is lower than the industry average of 5.9%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 18
China East Education Holdings Limited announces Annual dividend, payable on June 25, 2026 China East Education Holdings Limited announced Annual dividend of HKD 0.3000 per share payable on June 25, 2026, ex-date on June 01, 2026 and record date on June 02, 2026. Reported Earnings • Mar 18
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: CN¥0.34 (up from CN¥0.23 in FY 2024). Revenue: CN¥4.62b (up 12% from FY 2024). Net income: CN¥756.1m (up 48% from FY 2024). Profit margin: 16% (up from 13% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 2.2%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Consumer Services industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Mar 17
China East Education Holdings Limited, Annual General Meeting, May 27, 2026 China East Education Holdings Limited, Annual General Meeting, May 27, 2026. Announcement • Feb 27
China East Education Holdings Limited to Report Fiscal Year 2025 Results on Mar 17, 2026 China East Education Holdings Limited announced that they will report fiscal year 2025 results on Mar 17, 2026 Major Estimate Revision • Sep 03
Consensus EPS estimates increase by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥4.42b to CN¥4.53b. EPS estimate increased from CN¥0.291 to CN¥0.356 per share. Net income forecast to grow 32% next year vs 28% growth forecast for Consumer Services industry in Hong Kong. Consensus price target up from HK$6.56 to HK$8.60. Share price fell 3.5% to HK$7.80 over the past week. Price Target Changed • Aug 30
Price target increased by 11% to HK$7.31 Up from HK$6.56, the current price target is an average from 8 analysts. New target price is 9.3% below last closing price of HK$8.06. Stock is up 240% over the past year. The company is forecast to post earnings per share of CN¥0.37 for next year compared to CN¥0.24 last year. Reported Earnings • Aug 29
First half 2025 earnings released: EPS: CN¥0.18 (vs CN¥0.13 in 1H 2024) First half 2025 results: EPS: CN¥0.18 (up from CN¥0.13 in 1H 2024). Revenue: CN¥2.19b (up 10% from 1H 2024). Net income: CN¥402.9m (up 48% from 1H 2024). Profit margin: 18% (up from 14% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Consumer Services industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 02
China East Education Holdings Limited to Report First Half, 2025 Results on Aug 27, 2025 China East Education Holdings Limited announced that they will report first half, 2025 results on Aug 27, 2025 Announcement • May 27
China East Education Holdings Limited Approves Final Dividend for the Year Ended December 31, 2024 China East Education Holdings Limited at its AGM held on May 27, 2025 approved final dividend of HKD 0.22 per ordinary share for the year ended December 31, 2024 out of the share premium account of the company. Upcoming Dividend • May 23
Upcoming dividend of HK$0.22 per share Eligible shareholders must have bought the stock before 30 May 2025. Payment date: 26 June 2025. Payout ratio is on the higher end at 89%, however this is supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (7.1%). Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to HK$5.20, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 9x in the Consumer Services industry in Hong Kong. Total returns to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$10.36 per share. Buy Or Sell Opportunity • Mar 28
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 75% to HK$4.83. The fair value is estimated to be HK$3.85, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings are also forecast to grow by 5.6% per annum over the same time period. Announcement • Mar 27
China East Education Holdings Limited, Annual General Meeting, May 27, 2025 China East Education Holdings Limited, Annual General Meeting, May 27, 2025. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to HK$4.16, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 10x in the Consumer Services industry in Hong Kong. Total returns to shareholders of 18% over the past three years. Announcement • Mar 03
China East Education Holdings Limited to Report Fiscal Year 2024 Results on Mar 27, 2025 China East Education Holdings Limited announced that they will report fiscal year 2024 results on Mar 27, 2025 Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$3.20, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to HK$3.03, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 6x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 52% over the past three years. Reported Earnings • Sep 26
First half 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.094 in 1H 2023) First half 2024 results: EPS: CN¥0.13 (up from CN¥0.094 in 1H 2023). Revenue: CN¥1.98b (up 1.6% from 1H 2023). Net income: CN¥271.5m (up 33% from 1H 2023). Profit margin: 14% (up from 10% in 1H 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Consumer Services industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Major Estimate Revision • Aug 28
Consensus EPS estimates increase by 14%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CN¥4.30b to CN¥4.15b. EPS estimate rose from CN¥0.168 to CN¥0.191. Net income forecast to grow 35% next year vs 16% growth forecast for Consumer Services industry in Hong Kong. Consensus price target up from HK$3.39 to HK$3.63. Share price fell 9.7% to HK$2.33 over the past week. Price Target Changed • Aug 26
Price target increased by 7.1% to HK$3.63 Up from HK$3.39, the current price target is an average from 7 analysts. New target price is 52% above last closing price of HK$2.38. Stock is down 36% over the past year. The company is forecast to post earnings per share of CN¥0.19 for next year compared to CN¥0.13 last year. Reported Earnings • Aug 24
First half 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.094 in 1H 2023) First half 2024 results: EPS: CN¥0.13 (up from CN¥0.094 in 1H 2023). Revenue: CN¥1.98b (up 1.6% from 1H 2023). Net income: CN¥271.5m (up 33% from 1H 2023). Profit margin: 14% (up from 10% in 1H 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Services industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Aug 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.6% to HK$2.50. The fair value is estimated to be HK$3.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.9%. For the next 3 years, revenue is forecast to grow by 7.1% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Announcement • Jul 30
China East Education Holdings Limited to Report First Half, 2024 Results on Aug 21, 2024 China East Education Holdings Limited announced that they will report first half, 2024 results on Aug 21, 2024 Buy Or Sell Opportunity • Jul 02
Now 16% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.4% to HK$2.29. The fair value is estimated to be HK$2.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.9%. For the next 3 years, revenue is forecast to grow by 8.8% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Buy Or Sell Opportunity • Jun 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to HK$2.16. The fair value is estimated to be HK$2.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.9%. For the next 3 years, revenue is forecast to grow by 8.8% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Buy Or Sell Opportunity • Jun 12
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to HK$2.05. The fair value is estimated to be HK$2.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.9%. For the next 3 years, revenue is forecast to grow by 8.8% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Announcement • Jun 08
China East Education Holdings Limited Approves Final Dividend for the Year Ended 31 December 2023 China East Education Holdings Limited at its annual general meeting held on 7 June 2024, approved final dividend of HKD 0.2 per ordinary share for the year ended 31 December 2023 out of the share premium account of the Company. Upcoming Dividend • Jun 05
Upcoming dividend of HK$0.20 per share Eligible shareholders must have bought the stock before 12 June 2024. Payment date: 27 June 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 8.5%. Within top quartile of Hong Kong dividend payers (7.6%). Higher than average of industry peers (5.4%). Reported Earnings • Apr 28
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.13 (down from CN¥0.17 in FY 2022). Revenue: CN¥3.98b (up 4.2% from FY 2022). Net income: CN¥272.6m (down 26% from FY 2022). Profit margin: 6.9% (down from 9.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Services industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 05
Price target decreased by 13% to HK$4.47 Down from HK$5.14, the current price target is an average from 8 analysts. New target price is 95% above last closing price of HK$2.29. Stock is down 49% over the past year. The company is forecast to post earnings per share of CN¥0.18 for next year compared to CN¥0.13 last year. Major Estimate Revision • Apr 03
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥4.91b to CN¥4.36b. EPS estimate fell from CN¥0.29 to CN¥0.177 per share. Net income forecast to grow 43% next year vs 15% growth forecast for Consumer Services industry in Hong Kong. Consensus price target down from HK$5.14 to HK$4.79. Share price was steady at HK$2.37 over the past week. Declared Dividend • Mar 29
Dividend of HK$0.20 announced Shareholders will receive a dividend of HK$0.20. Ex-date: 12th June 2024 Payment date: 27th June 2024 Dividend yield will be 8.3%, which is higher than the industry average of 5.9%. Sustainability & Growth Dividend is not covered by earnings (144% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 60% to bring the payout ratio under control. EPS is expected to grow by 121% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Mar 28
China East Education Holdings Limited, Annual General Meeting, Jun 07, 2024 China East Education Holdings Limited, Annual General Meeting, Jun 07, 2024. Reported Earnings • Mar 28
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.13 (down from CN¥0.17 in FY 2022). Revenue: CN¥3.98b (up 4.2% from FY 2022). Net income: CN¥272.6m (down 26% from FY 2022). Profit margin: 6.9% (down from 9.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Consumer Services industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. Announcement • Mar 27
China East Education Holdings Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on June 27, 2024 China East Education Holdings proposed dividend of HKD 0.2 per share for the year ended December 31, 2023. Ex-dividend date: 12 June 2024. Record date: 18 June 2024. Payment date: 27 June 2024. Date of shareholders' approval will be 07 June 2024. Announcement • Mar 09
China East Education Holdings Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 China East Education Holdings Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$3.39, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 5x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 75% over the past three years. Announcement • Sep 18
China East Education Holdings Limited(SEHK:667) dropped from FTSE All-World Index (USD) China East Education Holdings Limited(SEHK:667) dropped from FTSE All-World Index (USD) New Risk • Sep 16
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 29% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 119% Paying a dividend despite having no free cash flows. High level of non-cash earnings (29% accrual ratio). Major Estimate Revision • Aug 25
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥4.44b to CN¥4.34b. EPS estimate also fell from CN¥0.23 per share to CN¥0.201 per share. Net income forecast to grow 71% next year vs 28% growth forecast for Consumer Services industry in Hong Kong. Consensus price target down from HK$6.77 to HK$5.77. Share price rose 31% to HK$3.52 over the past week. Price Target Changed • Aug 22
Price target decreased by 9.0% to HK$6.16 Down from HK$6.77, the current price target is an average from 11 analysts. New target price is 100% above last closing price of HK$3.08. Stock is up 2.3% over the past year. The company is forecast to post earnings per share of CN¥0.20 for next year compared to CN¥0.17 last year. Reported Earnings • Aug 19
First half 2023 earnings released: EPS: CN¥0.094 (vs CN¥0.11 in 1H 2022) First half 2023 results: EPS: CN¥0.094 (down from CN¥0.11 in 1H 2022). Revenue: CN¥1.95b (up 4.0% from 1H 2022). Net income: CN¥203.8m (down 14% from 1H 2022). Profit margin: 10% (down from 13% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Consumer Services industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 46% per year, which means it is performing significantly worse than earnings. Announcement • Aug 05
China East Education Holdings Limited to Report First Half, 2023 Results on Aug 18, 2023 China East Education Holdings Limited announced that they will report first half, 2023 results on Aug 18, 2023 Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$2.96, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 6x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 76% over the past three years. Announcement • May 26
China East Education Holdings Limited Declares Final Dividend for the Year Ended 31 December 2022 China East Education Holdings Limited announced that the Annual General Meeting Held on 25 May 2023, approved to declare a final dividend of HKD 0.2 per ordinary share for the year ended 31 December 2022 out of the share premium account of the Company. Upcoming Dividend • May 23
Upcoming dividend of HK$0.20 per share at 5.1% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 29 June 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.1%. Lower than top quartile of Hong Kong dividend payers (7.6%). Higher than average of industry peers (4.4%). Price Target Changed • Apr 03
Price target increased by 8.2% to HK$6.91 Up from HK$6.39, the current price target is an average from 7 analysts. New target price is 49% above last closing price of HK$4.64. Stock is down 1.1% over the past year. The company is forecast to post earnings per share of CN¥0.22 for next year compared to CN¥0.17 last year. Price Target Changed • Mar 28
Price target increased by 7.4% to HK$6.58 Up from HK$6.13, the current price target is an average from 7 analysts. New target price is 44% above last closing price of HK$4.56. Stock is down 9.3% over the past year. The company is forecast to post earnings per share of CN¥0.22 for next year compared to CN¥0.17 last year. Reported Earnings • Mar 24
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.17 (up from CN¥0.14 in FY 2021). Revenue: CN¥3.82b (down 7.7% from FY 2021). Net income: CN¥366.6m (up 21% from FY 2021). Profit margin: 9.6% (up from 7.3% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) also missed analyst estimates by 3.7%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Consumer Services industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$5.23, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 7x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 60% over the past three years. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$6.33, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 7x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improved over the past week After last week's 23% share price gain to HK$6.42, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 6x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 53% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$9.49 per share. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 34% share price gain to HK$5.61, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 6x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$10.03 per share. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 26% share price gain to HK$4.36, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 7x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 70% over the past three years. Price Target Changed • Nov 16
Price target decreased to HK$5.82 Down from HK$7.05, the current price target is an average from 6 analysts. New target price is 50% above last closing price of HK$3.88. Stock is down 49% over the past year. The company is forecast to post earnings per share of CN¥0.19 for next year compared to CN¥0.14 last year. Board Change • Nov 16
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. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non Executive Director Yunzhi Zang was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 15% share price gain to HK$2.85, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 6x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 81% over the past three years. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment deteriorated over the past week After last week's 19% share price decline to HK$2.68, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 6x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 79% over the past three years. Major Estimate Revision • Aug 31
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥4.65b to CN¥4.40b. EPS estimate also fell from CN¥0.26 per share to CN¥0.22 per share. Net income forecast to grow 69% next year vs 39% growth forecast for Consumer Services industry in Hong Kong. Consensus price target down from HK$7.05 to HK$6.13. Share price rose 12% to HK$3.34 over the past week. Price Target Changed • Aug 26
Price target decreased to HK$6.47 Down from HK$7.05, the current price target is an average from 9 analysts. New target price is 103% above last closing price of HK$3.19. Stock is down 59% over the past year. The company is forecast to post earnings per share of CN¥0.22 for next year compared to CN¥0.14 last year. Price Target Changed • Aug 25
Price target decreased to HK$6.64 Down from HK$7.28, the current price target is an average from 9 analysts. New target price is 119% above last closing price of HK$3.03. Stock is down 61% over the past year. The company is forecast to post earnings per share of CN¥0.26 for next year compared to CN¥0.14 last year. Reported Earnings • Aug 25
First half 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.11 in 1H 2021) First half 2022 results: EPS: CN¥0.11 (up from CN¥0.11 in 1H 2021). Revenue: CN¥1.88b (down 6.1% from 1H 2021). Net income: CN¥236.1m (up 1.3% from 1H 2021). Profit margin: 13% (up from 12% in 1H 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 23%, compared to a 17% growth forecast for the Consumer Services industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 42% per year whereas the company’s share price has fallen by 40% per year.