SEHK:1041

Stock Analysis Report

Executive Summary

Lamtex Holdings Limited, an investment holding company, manufactures and trades in electronic components in the People’s Republic of China.

Risk Analysis

Earnings have declined by -7.28% per year over past 5 years

Currently unprofitable and not forecast to become profitable over the next 3 years

Highly volatile share price over past 3 months

Shareholders have been diluted in the past year

+ 1 more risk


Snowflake Analysis

Overvalued with worrying balance sheet.

Share Price & News

How has Lamtex Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1041's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.5%

1041

-2.0%

HK Capital Markets

-1.8%

HK Market


1 Year Return

-44.3%

1041

-7.1%

HK Capital Markets

-2.8%

HK Market

Return vs Industry: 1041 underperformed the Hong Kong Capital Markets industry which returned -7.1% over the past year.

Return vs Market: 1041 underperformed the Hong Kong Market which returned -2.8% over the past year.


Shareholder returns

1041IndustryMarket
7 Day-3.5%-2.0%-1.8%
30 Day-13.5%-6.4%-4.6%
90 Day-16.9%-6.9%-1.0%
1 Year-44.3%-44.3%-4.5%-7.1%0.7%-2.8%
3 Year-43.4%-43.4%-26.7%-33.0%15.8%4.1%
5 Year-91.2%-91.2%-23.1%-35.7%16.6%-2.9%

Price Volatility Vs. Market

How volatile is Lamtex Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Lamtex Holdings undervalued compared to its fair value and its price relative to the market?

0.49x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 1041's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 1041's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 1041 is unprofitable, so we can't compare its PE Ratio to the Capital Markets industry average.

PE vs Market: 1041 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1041's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1041 is good value based on its PB Ratio (0.5x) compared to the HK Capital Markets industry average (0.5x).


Next Steps

Future Growth

How is Lamtex Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.5%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Lamtex Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Lamtex Holdings performed over the past 5 years?

-7.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1041 is currently unprofitable.

Growing Profit Margin: 1041 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 1041 is unprofitable, and losses have increased over the past 5 years at a rate of -7.3% per year.

Accelerating Growth: Unable to compare 1041's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 1041 is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (-30.7%).


Return on Equity

High ROE: 1041 has a negative Return on Equity (-11.71%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Lamtex Holdings's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: 1041 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 1041's debt is covered by short term assets (assets are 10.7x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if 1041 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 1041 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Financial Institutions Analysis

Asset Level: 1041's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if 1041 has a sufficient allowance for bad loans.

Low Risk Liabilities: 1041 reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if 1041 has an acceptable proportion of non-loan assets held.

Low Risk Deposits: 1041 has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if 1041 has an appropriate level of bad loans.


Next Steps

Dividend

What is Lamtex Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.2%markettop25%6.3%industryaverage3.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 1041's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 1041's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 1041's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1041's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 1041's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

What is the CEO of Lamtex Holdings's salary, the management and board of directors tenure and is there insider trading?

1.5yrs

Average management tenure


CEO

Man Keung Wong (51yo)

2.1yrs

Tenure

0

Mr. Wong Man Keung has been the Chief Executive Officer of Lamtex Holdings Limited since November 28, 2017. Mr. Keung has over 25 years of experience in direct investment, commercial banking and manufactur ...


Management Age and Tenure

1.5yrs

Average Tenure

50yo

Average Age

Experienced Management: 1041's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Age and Tenure

2.3yrs

Average Tenure

55yo

Average Age

Experienced Board: 1041's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellHK$89,207,58806 Feb 19
Jing Shen
EntityIndividual
Shares392,982,456
Max PriceHK$0.23
SellHK$27,240,17406 Feb 19
Haiqing Cheng
EntityIndividual
Shares120,000,000
Max PriceHK$0.23
BuyHK$116,447,76305 Feb 19
Ping Tse
EntityIndividual
Role
Chairman of the Board
Executive Chairman of the Board
Shares512,982,456
Max PriceHK$0.23

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 45.4%.


Management Team

  • Ping Tse (67yo)

    Executive Chairman of the Board

    • Tenure: 1yrs
  • Roland Tang

    Financial Controller

    • Tenure: 9.6yrs
  • Man Keung Wong (51yo)

    Chief Executive Officer

    • Tenure: 2.1yrs
  • Xiaolin Wu (38yo)

    Executive Director

    • Tenure: 4.5yrs
    • Compensation: HK$2.19m
  • Xian Pan (50yo)

    Executive Director

    • Tenure: 0.7yrs
  • Ching Chan (39yo)

    Company Secretary

    • Tenure: 0.7yrs

Board Members

  • Ping Tse (67yo)

    Executive Chairman of the Board

    • Tenure: 1yrs
  • Jimmy Loke (69yo)

    Independent Non-Executive Director

    • Tenure: 4.4yrs
    • Compensation: HK$295.00k
  • Xiaolin Wu (38yo)

    Executive Director

    • Tenure: 4.5yrs
    • Compensation: HK$2.19m
  • Zhaolin Zeng (74yo)

    Independent Non-Executive Director

    • Tenure: 4.5yrs
    • Compensation: HK$295.00k
  • Long Tse (63yo)

    Independent Non-Executive Director

    • Tenure: 4.4yrs
    • Compensation: HK$295.00k
  • Zhanqing Liu (54yo)

    Non-Executive Director

    • Tenure: 2.3yrs
    • Compensation: HK$495.00k
  • Yanxia Zang (51yo)

    Non-Executive Director

    • Tenure: 1yrs
    • Compensation: HK$18.00k
  • Xian Pan (50yo)

    Executive Director

    • Tenure: 0.7yrs
  • Shen Xiao (55yo)

    Non-Executive Director

    • Tenure: 0.7yrs

Company Information

Lamtex Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Lamtex Holdings Limited
  • Ticker: 1041
  • Exchange: SEHK
  • Founded:
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: HK$311.398m
  • Shares outstanding: 1.77b
  • Website: https://lamtex.com.hk

Number of Employees


Location

  • Lamtex Holdings Limited
  • Star House
  • 18th Floor
  • Tsim Sha Tsui
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1041SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 1996

Biography

Lamtex Holdings Limited, an investment holding company, manufactures and trades in electronic components in the People’s Republic of China. The company operates through Securities Trading and Investment; S ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/06 12:41
End of Day Share Price2019/12/06 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.