Buy Or Sell Opportunity • 16h
Now 24% overvalued Over the last 90 days, the stock has fallen 4.2% to HK$0.25. The fair value is estimated to be HK$0.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Apr 29
Now 21% overvalued Over the last 90 days, the stock has fallen 21% to HK$0.24. The fair value is estimated to be HK$0.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 30
Full year 2025 earnings released: HK$0.01 loss per share (vs HK$0.023 loss in FY 2024) Full year 2025 results: HK$0.01 loss per share (improved from HK$0.023 loss in FY 2024). Revenue: HK$592.4m (down 6.0% from FY 2024). Net loss: HK$10.4m (loss narrowed 54% from FY 2024). Announcement • Mar 13
Momentum Financial Holdings Limited to Report Fiscal Year 2025 Results on Mar 27, 2026 Momentum Financial Holdings Limited announced that they will report fiscal year 2025 results on Mar 27, 2026 Board Change • Feb 02
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. No highly experienced directors. Independent Non-Executive Director Kenneth Sin is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Jan 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Kenneth Sin is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Dec 10
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 94% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (94% increase in shares outstanding). Minor Risk Market cap is less than US$100m (HK$438.5m market cap, or US$56.3m). Announcement • Nov 29
Momentum Financial Holdings Limited Announces Management Changes, Effective 1 December 2025 The board of directors of Momentum Financial Holdings Limited announced that Mr. Chu Kin Wang Peleus has tendered his resignation as executive Director and authorised representative of the Company with effect from 1 December 2025 as he would like to devote more time to his other business engagements. The Board announced that Mr. Cao Wenbo has been appointed as an executive Director, the Authorised Representative and the president of e-commerce business of the Company with effect from 1 December 2025. Mr. Cao, aged 36, possesses extensive experience in e-commerce and investment financing. Mr. Cao was appointed as an executive vice president of the Company on 20 August 2025. Mr. Cao also currently serves as a director and legal representative of several subsidiaries of the Company. Immediately upon his appointment as an executive Director, the Authorised Representative and the president of e-commerce business of the Company, Mr. Cao will cease to be the executive vice president of the Company. Mr. Cao previously served as a partner at Nanjing Yangtze River Chenxing Equity Investment Partnership (Limited Partnership) from October 2022 to September 2024 and a directorate manager at Suzhou Jingdong Huamao Commercial Development Co. Ltd. from September 2018 to June 2022. Mr. Cao graduated from Monash University with Master of Business in July 2012 and graduated from the University of Northampton with Master of Business Administration in November 2024. Mr. Cao has entered into a service agreement with the Company pursuant to which his initial term of service commences from 1 December 2025 for a term of three years, unless terminated by either party giving to the other not less than 1 month's notice in writing and in accordance with the terms of the service agreement and subject to the rotational retirement and re-election requirements at the general meetings of the Company pursuant to the bye- laws of the Company (the Bye-laws), or earlier determination in accordance with the Bye-laws and/or any applicable laws and regulations. Reported Earnings • Sep 02
First half 2025 earnings released: EPS: HK$0.004 (vs HK$0.01 in 1H 2024) First half 2025 results: EPS: HK$0.004 (down from HK$0.01 in 1H 2024). Revenue: HK$256.1m (down 22% from 1H 2024). Net income: HK$3.59m (down 62% from 1H 2024). Profit margin: 1.4% (down from 2.9% in 1H 2024). The decrease in margin was driven by lower revenue. New Risk • Aug 31
New major risk - Revenue and earnings growth Earnings have declined by 20% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 20% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$451.7m market cap, or US$57.9m). Buy Or Sell Opportunity • Aug 13
Now 51% overvalued The stock has been flat over the last 90 days, currently trading at HK$0.25. The fair value is estimated to be HK$0.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company became loss making. Announcement • Aug 12
Momentum Financial Holdings Limited to Report First Half, 2025 Results on Aug 29, 2025 Momentum Financial Holdings Limited announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • Aug 08
Momentum Financial Holdings Limited, Annual General Meeting, Sep 05, 2025 Momentum Financial Holdings Limited, Annual General Meeting, Sep 05, 2025, at 11:00 China Standard Time. Location: units 5906-5912, 59th floor, the center, 99 queens road central, Hong Kong Board Change • Aug 06
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Kenneth Sin is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 03
Momentum Financial Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 December 2024 Momentum Financial Holdings Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2024. For the year, the Group is expected to record a consolidated net loss for the Period in the range of approximately HKD 22.5 million to HKD 24.5 million, as compared to a net profit of approximately HKD 19.5 million for the year ended 31 December 2023. The turnaround from profit to loss was primarily attributable to (i) decrease in cross-border trading business of nutrition food and health care products; and (ii) increase impairment loss on trade receivables. New Risk • Apr 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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 Risks Interest payments are not well covered by earnings (2.6x net interest cover). Share price has been highly volatile over the past 3 months (20% average weekly change). Market cap is less than US$10m (HK$71.7m market cap, or US$9.24m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin). New Risk • Mar 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$75.6m (US$9.73m) 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 (2.6x net interest cover). Share price has been highly volatile over the past 3 months (31% average weekly change). Market cap is less than US$10m (HK$75.6m market cap, or US$9.73m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin). Announcement • Mar 17
Momentum Financial Holdings Limited to Report Fiscal Year 2024 Results on Mar 31, 2025 Momentum Financial Holdings Limited announced that they will report fiscal year 2024 results on Mar 31, 2025 Buy Or Sell Opportunity • Mar 11
Now 29% undervalued The stock has been flat over the last 90 days, currently trading at HK$0.11. The fair value is estimated to be HK$0.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 4.6%. Board Change • Mar 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Kenneth Sin is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Feb 12
Now 24% undervalued The stock has been flat over the last 90 days, currently trading at HK$0.12. The fair value is estimated to be HK$0.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 4.6%. Announcement • Feb 07
Momentum Financial Holdings Limited Announces Board Changes The board of directors of Momentum Financial Holdings Limited announced that Mr. Zhang Rujie has tendered his resignation as executive Director and authorised representative of the Company with effect from 7 February 2025 as he would like to devote more time to his other commitments and engagements. Mr. Zhang has confirmed that he has no disagreement with the Board and there is nothing relating to his resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. The Board announces that Mr. Chu Kin Wang Peleus has been appointed as an executive Director and Authorised Representative of the Company with effect from 7 February 2025. Mr. Chu, aged 60, has over 30 years experience in corporate finance and accounting. Mr. Chu was the executive director of the Company from 13 August 2021 to 25 March 2022. Mr. Chu is a fellow practicing member of the Hong Kong Institute of Certified Public Accountants and an associate member of The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the UK. Mr. Chu graduated from the University of Hong Kong with a master's degree in business administration. Mr. Chu is currently an independent non-executive director of (i) Tianli Holdings Group Limited, since April 2007; (ii) Huayu Expressway Group Limited, since May 2009; (iii) China First Capital Group Limited, since October 2011; (iv) Madison Holdings Group Limited, since September 2015; (v) Mingfa Group (International) Company Limited, since November 2016; and (vi) Hyfusin Group Holdings Limited, since December 2021. Mr. Chu was the deputy chairman and executive director of Chinese People Holdings Company Limited, from December 2008 to October 2020, and a non-executive director of Perfect Group International Holdings Limited, from August 2015 to March 2017. Mr. Chu was also an independent non-executive director of each of (i) Flyke International Holdings Ltd., from February 2010 to December 2020; (ii) Telecom Service One Holdings Limited, from April 2013 to December 2017; (iii) China Huishan Dairy Holdings Company Limited, from June 2017 to December 2017; (iv) PT International Development Corporation Limited, from March 2017 to September 2017; (v) Xinming China Holdings Limited, from April 2021 to August 2021; (vi) SuperRobotics Holdings Limited, from March 2012 to November 2021; (vii) Peking University Resources (Holdings) Company Limited, from October 2021 to October 2022; and (viii) Silk Road Logistics Holdings Limited, from September 2023 to April 2024. Buy Or Sell Opportunity • Jan 10
Now 39% undervalued Over the last 90 days, the stock has risen 2.2% to HK$0.091. The fair value is estimated to be HK$0.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 4.6%. Board Change • Jan 09
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Executive Director Rujie Zhang is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Oct 10
Now 41% undervalued Over the last 90 days, the stock has risen 7.2% to HK$0.089. The fair value is estimated to be HK$0.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 4.6%. Board Change • Oct 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Executive Director Rujie Zhang is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 28
First half 2024 earnings released: EPS: HK$0.01 (vs HK$0.017 in 1H 2023) First half 2024 results: EPS: HK$0.01 (down from HK$0.017 in 1H 2023). Revenue: HK$329.1m (down 12% from 1H 2023). Net income: HK$9.49m (down 43% from 1H 2023). Profit margin: 2.9% (down from 4.4% in 1H 2023). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Sep 23
Now 39% undervalued after recent price drop Over the last 90 days, the stock has fallen 28% to HK$0.095. The fair value is estimated to be HK$0.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 4.6%. New Risk • Sep 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 28% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Share price has been highly volatile over the past 3 months (68% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (HK$117.8m market cap, or US$15.1m). Announcement • Sep 12
Momentum Financial Holdings Limited Provides Consolidated Earnings Guidance for the Six Months Ended 30 June 2024 Momentum Financial Holdings Limited provided consolidated earnings guidance for the six months ended 30 June 2024. For the six months, The Group is expected to record a consolidated net profit for the Period of approximately HKD 9.5 million, representing a decrease as compared to a consolidated net profit of approximately HKD 16.6 million for the corresponding period in 2023. Such decrease was mainly attributable to the decrease in gross profit and increase in finance costs. Announcement • Aug 30
Momentum Financial Holdings Limited Appoints Sin Ka Man as Independent Non-Executive Director, the Chairman of the Audit Committee, Member of the Nomination and Remuneration Committee The board of directors of Momentum Financial Holdings Limited announced that Mr. Sin Ka Man has been appointed as an independent non-executive Director, the chairman of the Audit Committee, a member of the Nomination Committee and a member of the Remuneration Committee of the Company with effect from 29 August 2024. The biographical details of Mr. Sin are set out below: Mr. Sin, aged 57, has profound experience in audit, account and financial management for both private and listed companies. Mr. Sin was the independent non-executive director of the Company from October 2011 to June 2017. Mr. Sin is currently a vice president of finance and company secretary of Huayu Expressway Group Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited. From January 2007 to October 2020, he was an independent non-executive director of Easy One Financial Group Limited, a company previously listed on the Main Board of the Stock Exchange. Mr. Sin was an independent non-executive director of Chinese People Holdings Company Limited between December 2006 and September 2020. Mr. Sin was an independent non-executive director of Xtep International Holdings Limited from January 2008 to May 2017. From November 2005 to April 2015, he was an independent non-executive director of Ming Lam Holdings Limited. From September 2009 to November 2013, he was an independent non-executive director of Hua Yin International Holdings Limited. Mr. Sin became an associate member of the Hong Kong Institute of Certified Public Accountants in January 1996, a fellow member of The Association of Chartered Certified Accountants in July 1997 and a certified practising accountant of the CPA Australia in December 2000. Mr. Sin holds a bachelor degree in Social Sciences from the University of Hong Kong, a master degree in Finance from the University of Strathclyde, the United Kingdom and a master degree in Accounting from Curtin University of Technology, Australia. A letter of appointment has been entered into between Mr. Sin and the Company in relation to his appointment as an independent non-executive Director for a term of one year with effect from 29 August 2024. Mr. Sin will hold office until the conclusion of the first annual general meeting of the Company after his appointment and will then be eligible for re- election and is subject to the rotational retirement and re-election requirements at the general
meetings of the Company pursuant to the Bye-laws, or earlier determination in accordance with the Bye-laws and/or any applicable laws and regulations. Mr. Sin will be entitled to a director's fee of HKD 120,000 per annum, which was determined with reference to his relevant qualifications, experience, responsibilities and duties in the Company and the prevailing market benchmarks. Announcement • Aug 09
Momentum Financial Holdings Limited to Report First Half, 2024 Results on Aug 30, 2024 Momentum Financial Holdings Limited announced that they will report first half, 2024 results on Aug 30, 2024 Buy Or Sell Opportunity • Jul 03
Now 35% undervalued Over the last 90 days, the stock has risen 89% to HK$0.10. The fair value is estimated to be HK$0.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 22%. Announcement • Jun 27
Momentum Financial Holdings Limited Announces Directors and Committee Changes Momentum Financial Holdings Limited announced that Mr. Zhou Yihong (``Mr. Zhou YH''), Ms. Huang Chunlian (``Ms. Huang''), Mr. Zhou Zhencun (``Mr. Zhou ZC'') and Mr. Chen Yongping (``Mr. Chen'') would retire at the AGM in accordance with the bye-laws of the Company. As the resolutions for re-election of Mr. Zhou YH, Ms. Huang, Mr. Zhou ZC and Mr. Chen were not passed by the Shareholders at the AGM, Mr. Zhou YH has retired as an executive Director and each of Ms. Huang, Mr. Zhou ZC and Mr. Chen has retired as an independent non-executive Director with effect from the conclusion of the AGM (the ``Retirement''). Mr. Zhou YH has ceased to be a member of the remuneration committee of the Company (the ``Remuneration Committee'') and the nomination committee of the Company (the ``Nomination Committee''); Ms. Huang has ceased to be a chairman of the Remuneration Committee and a member of the audit committee of the Company (the ``Audit Committee'') and the Nomination Committee; Mr. Zhou ZC has ceased to be a chairman of the Nomination Committee and a member of the Audit Committee and the Remuneration Committee; and Mr. Chen has ceased to be a chairman of the Audit Committee and a member of the Nomination Committee and the Remuneration Committee. Buy Or Sell Opportunity • Jun 18
Now 23% undervalued Over the last 90 days, the stock has risen 122% to HK$0.14. The fair value is estimated to be HK$0.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 22%. Announcement • Jun 06
Momentum Financial Holdings Limited, Annual General Meeting, Jun 26, 2024 Momentum Financial Holdings Limited, Annual General Meeting, Jun 26, 2024, at 11:00 China Standard Time. Location: units 5906-5912, 59th floor, the center, 99 queen`s road central, Hong Kong Buy Or Sell Opportunity • May 31
Now 24% undervalued Over the last 90 days, the stock has risen 124% to HK$0.13. The fair value is estimated to be HK$0.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 22%. Announcement • May 02
Momentum Financial Holdings Limited Announces Executive And Board Changes Momentum Financial Holdings Limited announced Mr. Liu Xin Chen has resigned from the positions of executive Director, Authorised Representative and a member of both the Remuneration Committee and Nomination Committee with effect from 30 April 2024; Mr. Zhou Yihong has appointed as an executive Director, Authorised Representative and a member of both the Remuneration Committee and Nomination Committee with effect from 30 April 2024; Mr. Man Wai Lun has resigned from the positions of independent non-executive Director, chairman of Remuneration Committee and a member of both the Audit Committee and Nomination Committee with effect from 30 April 2024; Ms. Huang Chunlian has appointed as an independent non-executive Director, chairman of Remuneration Committee and a member of both the Audit Committee and Nomination Committee with effect from 30 April 2024; and Ms. Ngan Wai Kam, Sharon has resigned from the positions of Company Secretary and Authorised Representative with effect from 30 April 2024 and Mr. Chou Chiu Ho has been appointed as the Company Secretary and the Authorised Representative with effect from 1 May 2024. Mr. Zhou, aged 53, has served as the senior management of various companies in China since 1994 and has accumulated over 30 years of experience in finance and corporate management. Mr. Zhou is currently the general manager and executive director of various companies which provide financial service in China. Ms. Huang, aged 30, has served as the financial director of Shenzhen Guangyi Xiangtong Trading Company Limited. since 2020 and has accumulated over 7 years of experience in finance and corporate management. Ms. Huang obtained a Bachelor's Degree in Accounting from South China Normal University in China in 2020. Mr. Chou Chiu Ho is currently a member of the Hong Kong Institute of Certified Public Accountant and a fellow member of the Association of Chartered Certified Accountants. Mr. Chou Chiu Ho has extensive work experience in the company secretarial profession. Mr. Chou Chiu Ho is also the company secretary of Prime Intelligence Solutions Group Limited, the company secretary of Millennium Pacific Group Holdings Limited, an independent non-executive director of Singasia Holdings Limited and an independent non-executive director of King Stone Energy Group Limited. Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: HK$0.021 (vs HK$0.016 in FY 2022) Full year 2023 results: EPS: HK$0.021 (up from HK$0.016 in FY 2022). Revenue: HK$761.8m (up 132% from FY 2022). Net income: HK$20.3m (up 33% from FY 2022). Profit margin: 2.7% (down from 4.7% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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 Risks Debt is not well covered by operating cash flow (2.9% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (16% average weekly change). Market cap is less than US$10m (HK$61.9m market cap, or US$7.91m). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Announcement • Mar 16
Momentum Financial Holdings Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 Momentum Financial Holdings Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 New Risk • Jan 19
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: Major Risks Debt is not well covered by operating cash flow (2.9% operating cash flow to total debt). Market cap is less than US$10m (HK$56.0m market cap, or US$7.16m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Buying Opportunity • Jan 02
Now 31% undervalued after recent price drop Over the last 90 days, the stock is down 30%. The fair value is estimated to be HK$0.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Oct 27
Now 20% undervalued Over the last 90 days, the stock is up 71%. The fair value is estimated to be HK$0.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Oct 06
Now 23% undervalued Over the last 90 days, the stock is up 58%. The fair value is estimated to be HK$0.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Sep 22
Now 22% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be HK$0.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Sep 04
First half 2023 earnings released: EPS: HK$0.017 (vs HK$0.001 in 1H 2022) First half 2023 results: EPS: HK$0.017 (up from HK$0.001 in 1H 2022). Revenue: HK$375.9m (up 403% from 1H 2022). Net income: HK$16.6m (up HK$16.1m from 1H 2022). Profit margin: 4.4% (up from 0.8% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Announcement • Aug 19
Momentum Financial Holdings Limited to Report First Half, 2023 Results on Aug 30, 2023 Momentum Financial Holdings Limited announced that they will report first half, 2023 results on Aug 30, 2023 Board Change • Jun 27
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Executive Director Xin Chen Liu is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. 
