New Risk • 12h
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 (2.7x 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. Market cap is less than US$100m (HK$84.7m market cap, or US$10.8m). Reported Earnings • Mar 28
Full year 2025 earnings released: EPS: HK$0.007 (vs HK$0.009 in FY 2024) Full year 2025 results: EPS: HK$0.007 (down from HK$0.009 in FY 2024). Revenue: HK$492.5m (up 2.6% from FY 2024). Net income: HK$4.63m (down 23% from FY 2024). Profit margin: 0.9% (down from 1.3% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Mar 27
Future Bright Holdings Limited, Annual General Meeting, Jun 15, 2026 Future Bright Holdings Limited, Annual General Meeting, Jun 15, 2026. New Risk • Mar 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$77.1m (US$9.85m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Market cap is less than US$10m (HK$77.1m market cap, or US$9.85m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.9% net profit margin). Announcement • Mar 17
Future Bright Holdings Limited to Report Fiscal Year 2025 Results on Mar 27, 2026 Future Bright Holdings Limited announced that they will report fiscal year 2025 results on Mar 27, 2026 Reported Earnings • Sep 03
First half 2025 earnings released: EPS: HK$0.012 (vs HK$0.001 in 1H 2024) First half 2025 results: EPS: HK$0.012 (up from HK$0.001 in 1H 2024). Revenue: HK$231.0m (up 2.5% from 1H 2024). Net income: HK$8.64m (up HK$8.10m from 1H 2024). Profit margin: 3.7% (up from 0.2% in 1H 2024). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Aug 18
Future Bright Holdings Limited to Report First Half, 2025 Results on Aug 29, 2025 Future Bright Holdings Limited announced that they will report first half, 2025 results on Aug 29, 2025 Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: HK$0.009 (vs HK$0.07 in FY 2023) Full year 2024 results: EPS: HK$0.009 (down from HK$0.07 in FY 2023). Revenue: HK$480.0m (down 2.3% from FY 2023). Net income: HK$6.01m (down 88% from FY 2023). Profit margin: 1.3% (down from 9.9% in FY 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Mar 26
Future Bright Holdings Limited, Annual General Meeting, Jun 09, 2025 Future Bright Holdings Limited, Annual General Meeting, Jun 09, 2025. Announcement • Mar 14
Future Bright Holdings Limited to Report Fiscal Year 2024 Results on Mar 26, 2025 Future Bright Holdings Limited announced that they will report fiscal year 2024 results on Mar 26, 2025 Reported Earnings • Sep 30
First half 2024 earnings released: EPS: HK$0.001 (vs HK$0.035 in 1H 2023) First half 2024 results: EPS: HK$0.001 (down from HK$0.035 in 1H 2023). Revenue: HK$225.2m (down 3.2% from 1H 2023). Net income: HK$536.0k (down 98% from 1H 2023). Profit margin: 0.2% (down from 11% in 1H 2023). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
First half 2024 earnings released: EPS: HK$0.001 (vs HK$0.035 in 1H 2023) First half 2024 results: EPS: HK$0.001 (down from HK$0.035 in 1H 2023). Revenue: HK$225.2m (down 3.2% from 1H 2023). Net income: HK$536.0k (down 98% from 1H 2023). Profit margin: 0.2% (down from 11% in 1H 2023). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. New Risk • Aug 28
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (HK$107.6m market cap, or US$13.8m). Announcement • Aug 15
Future Bright Holdings Limited to Report Q2, 2024 Results on Aug 26, 2024 Future Bright Holdings Limited announced that they will report Q2, 2024 results on Aug 26, 2024 Announcement • Mar 27
Future Bright Holdings Limited, Annual General Meeting, Jun 06, 2024 Future Bright Holdings Limited, Annual General Meeting, Jun 06, 2024. Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: HK$0.07 (vs HK$0.18 loss in FY 2022) Full year 2023 results: EPS: HK$0.07 (up from HK$0.18 loss in FY 2022). Revenue: HK$491.1m (up 72% from FY 2022). Net income: HK$48.6m (up HK$174.2m from FY 2022). Profit margin: 9.9% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Mar 14
Future Bright Holdings Limited to Report Fiscal Year 2023 Results on Mar 26, 2024 Future Bright Holdings Limited announced that they will report fiscal year 2023 results on Mar 26, 2024 Reported Earnings • Sep 01
First half 2023 earnings released: EPS: HK$0.035 (vs HK$0.15 loss in 1H 2022) First half 2023 results: EPS: HK$0.035 (up from HK$0.15 loss in 1H 2022). Revenue: HK$232.6m (up 72% from 1H 2022). Net income: HK$24.3m (up HK$129.0m from 1H 2022). Profit margin: 11% (up from net loss in 1H 2022). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Aug 12
Future Bright Holdings Limited to Report Q2, 2023 Results on Aug 28, 2023 Future Bright Holdings Limited announced that they will report Q2, 2023 results on Aug 28, 2023 Board Change • Jul 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Kuong Fong Chek 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. Announcement • Jul 07
Future Bright Holdings Limited Change of Independent Non-Executive Directors The board of directors of Future Bright Holdings Limited announced that Mr. Chan Pak Cheong Afonso ("Mr. Chan") has resigned as an independent non-executive Director with effect from 6 July 2023 as Mr. Chan would like to devote more time to his personal affairs. As a result, upon Mr. Chan'sresignation, Mr. Chan ceases to be (a) the chairman of the audit committee (the "Audit Committee"), the remuneration committee (the "Remuneration Committee") and the risk committee (the "Risk Committee") of the Company, and (b) a member of the nomination committee (the "Nomination Committee") of the Company. The Board further announces that, upon the recommendation of the Nomination Committee, Mr. Vong Hou Piu ("Mr. Vong") has been appointed as an independent non-executive Director. Mr. Vong has also been appointed as the chairman of the Audit Committee,the Remuneration Committee and the Risk Committee, and a member of the Nomination Committee. Mr. Vong Hou Piu, aged 60. Mr. Vong obtained a master degree in Business Administration in 1994 from Asia International Open University (Macau) (which is currently known as City University of Macau). Mr. Vong obtained the qualification as a Certified Public Accountant in Macau in 1995 and has been a fellow of CPA Australia since 2008. Mr. Vong has been the executive director of ShineWing Corporate & Advisory Services Limited (previously known as Growth Path Management Consultant Company Limited) since 2005, the managing partner of ShineWing (Macau) Certified Public Accountants (previously known as B&D CertifiedPublic Accountants) since 2006, and the single supervisor of Macau Pass, S.A. since 2022. He has also been the Macao honorary representative of CPA Australia since 2008, a member of supervisory board of Macau Management Association since 2018, the director of Union of Associations of Professional Accountants of Macau since 2019, and the director of Macau Society of Certified Public Accountants since 2022. Besides having extensive experience in the accounting field, Mr. Vong has been actively engaging in public service. He was a member of the committee for the Registry of Auditors and Accountants of Macau in 2020, a member of the supervisory board of the Cultural Industries Fund of Macau in 2020 and 2021, and hasbeen a member of the supervisory board of Macau Urban Renewal Limited since 2019, as well as a member of the supervisory board of the Culture Development Fund of Macau Special Administrative Region since 2022. Mr. Vong has entered into a letter of appointment with the Company for an initial term of one year commencing with effect from 6 July 2023 until 5 July 2024, which will be renewed automatically for one year. Mr. Vong is entitled to a director's fee of HKD 120,000 per annum which has been reviewed by the Remuneration Committee and determined by the Board withreference to his duties and responsibilities and the prevailing market conditions. Pursuant to the Company's bye-laws, Mr. Vong is subject to retirement and re-election at the next annual general meeting of the Company after his appointment, and in the case that he is re-elected, he is subject to retirement by rotation and re-election at annual general meetings of the Company . Reported Earnings • Mar 31
Full year 2022 earnings released: HK$0.18 loss per share (vs HK$0.10 loss in FY 2021) Full year 2022 results: HK$0.18 loss per share (further deteriorated from HK$0.10 loss in FY 2021). Revenue: HK$285.1m (down 40% from FY 2021). Net loss: HK$125.6m (loss widened 72% from FY 2021). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. 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. 5 highly experienced directors. Independent Non Executive Director Afonso Chan was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Sep 01
First half 2022 earnings released: HK$0.15 loss per share (vs HK$0.068 loss in 1H 2021) First half 2022 results: HK$0.15 loss per share (down from HK$0.068 loss in 1H 2021). Revenue: HK$135.3m (down 42% from 1H 2021). Net loss: HK$104.7m (loss widened 123% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Aug 20
Future Bright Holdings Limited to Report First Half, 2022 Results on Aug 31, 2022 Future Bright Holdings Limited announced that they will report first half, 2022 results on Aug 31, 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. 5 highly experienced directors. Independent Non Executive Director Afonso Chan was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Mar 31
Full year 2021 earnings released: HK$0.10 loss per share (vs HK$0.17 loss in FY 2020) Full year 2021 results: HK$0.10 loss per share (up from HK$0.17 loss in FY 2020). Revenue: HK$475.4m (up 13% from FY 2020). Net loss: HK$73.0m (loss narrowed 40% from FY 2020). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Announcement • Mar 31
Future Bright Holdings Limited, Annual General Meeting, May 27, 2022 Future Bright Holdings Limited, Annual General Meeting, May 27, 2022. Agenda: ANNUAL GENERAL MEETING. Reported Earnings • Sep 01
First half 2021 earnings released: HK$0.068 loss per share (vs HK$0.16 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: HK$233.8m (up 17% from 1H 2020). Net loss: HK$46.9m (loss narrowed 57% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings. Reported Earnings • Apr 20
Full year 2020 earnings released: HK$0.17 loss per share (vs HK$0.54 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: HK$419.4m (down 63% from FY 2019). Net loss: HK$120.9m (loss narrowed 68% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 01
Full year 2020 earnings released: HK$0.17 loss per share (vs HK$0.54 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: HK$419.4m (down 63% from FY 2019). Net loss: HK$120.9m (loss narrowed 68% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance. Executive Departure • Mar 26
Deputy Chairman King Hung Lai has left the company On the 25th of March, King Hung Lai's tenure in the role of Deputy Chairman ended. We don't have any record of a personal shareholding under King Hung's name. King Hung is the only executive to leave the company over the last 12 months. Announcement • Mar 19
Future Bright Holdings Limited to Report Fiscal Year 2020 Results on Mar 30, 2021 Future Bright Holdings Limited announced that they will report fiscal year 2020 results on Mar 30, 2021 Announcement • Mar 17
Future Bright Holdings Limited Provides Unaudited Earnings Guidance for the Year Ended December 31, 2020 Future Bright Holdings Limited provided unaudited earnings guidance for the year ended December 31, 2020. For the year, the company expects to record an unaudited loss attributable to owners of the Company in the range of approximately HKD 120 million to HKD 130 million for the Year. Announcement • Nov 28
Future Bright Holdings Limited Provides Revenue Guidance for the Fourth Quarter of 2020 Future Bright Holdings Limited announced that with the Covid-19 infection in Macau already under control, but not in Hong Kong, the Group's business in Hong Kong has been adversely being affected, and as compared to those of the same quarter of 2019, the recent improvement to the Group's business has been slow and there would still be, as expected by the Board, a considerable drop in the revenue of the Group in the Fourth Quarter 2020, which will have negative impact on the Group's business performance in that quarter. Announcement • Aug 22
Future Bright Holdings Limited to Report First Half, 2020 Results on Aug 28, 2020 Future Bright Holdings Limited announced that they will report first half, 2020 results on Aug 28, 2020