New Risk • 5h
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.8% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (13% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (HK$243.2m market cap, or US$31.0m). Announcement • Aug 07
MS Group Holdings Limited to Report First Half, 2026 Results on Aug 19, 2026 MS Group Holdings Limited announced that they will report first half, 2026 results on Aug 19, 2026 Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to HK$1.28, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 10x in the Packaging industry in Hong Kong. Total returns to shareholders of 213% over the past three years. Valuation Update With 7 Day Price Move • May 26
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to HK$1.22, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 17x in the Packaging industry in Hong Kong. Total returns to shareholders of 174% over the past three years. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to HK$1.54, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 18x in the Packaging industry in Hong Kong. Total returns to shareholders of 255% over the past three years. Announcement • May 06
Chung Kwok Keung Peter an executive Director and the chief executive officer of MS Group Holdings Limited proposed to acquire remaining 27.80% stake in MS Group Holdings Limited (SEHK:1451) for HKD 45.5 million. Chung Kwok Keung Peter an executive Director and the chief executive officer of MS Group Holdings Limited proposed to acquire remaining 27.80% stake in MS Group Holdings Limited (SEHK:1451) for HKD 45.5 million on May 5, 2026. As part of consideration, a total of 56.828 million Shares will be subject to the Share Offer at Offer price of HKD 0.80 in cash for each Offer Share. Under the Option Offer, the Offeror will offer the Offer Option holders (i) In respect of the Offer Options with an exercise price of HKD 0.68 each a See-through’ cancellation price for each such Offer Option of HKD 0.12 in cash will be paid; and (ii) in respect of the Offer Options with an exercise price of HKD 1.02 each: a Cancellation price for each such Offer Option HKD 0.0001 in cash will be paid. The maximum potential total cash consideration payable by the Offeror under the Offers would be HKD 51.197 million. The Offeror intends to finance the consideration payable under the Offers in full by its own internal resources.
The Offers will be unconditional in all respects when made and will not be conditional upon acceptances being received in respect of a minimum number of Offer Shares and in respect of a minimum number of Offer Options to be cancelled.
Messis Capital Limited acted as financial advisor for MS Group Holdings Limited. Messis Capital Limited acted as fairness opinion provider for MS Group Holdings Limited. Rainbow Capital (HK) Limited acted as the financial adviser to the Offeror in respect of the Offers. Board Change • May 06
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 not an independent director. The company's board is composed of: 1 new director. No experienced directors. 7 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director David Yu was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • May 06
Chung Kwok Keung Peter completed the acquisition of an additional 36.69% stake in MS Group Holdings Limited (SEHK:1451) from Chau Ching in a management buyout transaction for HKD 60 million. Chung Kwok Keung Peter entered into agreement to acquire an additional 36.69% stake in MS Group Holdings Limited (SEHK:1451) from Chau Ching in a management buyout transaction for HKD 60 million on April 20, 2026. A cash consideration of HKD 60 million valued at HKD 0.8 per share will be paid by the buyer. As part of consideration, HKD 60 million is paid towards common equity of MS Group Holdings Limited. After completion of this transaction Chung Kwok Keung Peter will hold 71.80% stake in MS Group Holdings Limited.
Chung Kwok Keung Peter completed the acquisition of an additional 36.69% stake in MS Group Holdings Limited (SEHK:1451) from Chau Ching in a management buyout transaction on April 20, 2026. Reported Earnings • Apr 21
Full year 2025 earnings released: EPS: HK$0.13 (vs HK$0.25 in FY 2024) Full year 2025 results: EPS: HK$0.13 (down from HK$0.25 in FY 2024). Revenue: HK$291.5m (down 31% from FY 2024). Net income: HK$26.5m (down 46% from FY 2024). Profit margin: 9.1% (down from 12% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 21
Full year 2025 earnings released: EPS: HK$0.13 (vs HK$0.25 in FY 2024) Full year 2025 results: EPS: HK$0.13 (down from HK$0.25 in FY 2024). Revenue: HK$291.5m (down 31% from FY 2024). Net income: HK$26.5m (down 46% from FY 2024). Profit margin: 9.1% (down from 12% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Mar 20
MS Group Holdings Limited, Annual General Meeting, Jun 08, 2026 MS Group Holdings Limited, Annual General Meeting, Jun 08, 2026. Announcement • Mar 10
MS Group Holdings Limited to Report Fiscal Year 2025 Results on Mar 20, 2026 MS Group Holdings Limited announced that they will report fiscal year 2025 results on Mar 20, 2026 Recent Insider Transactions Derivative • Dec 14
Executive Director & President exercised options to buy HK$840k worth of stock. On the 9th of December, Siu Fun Lo exercised options to buy 600k shares at a strike price of around HK$0.68, costing a total of HK$408k. Since June 2025, Siu Fun's direct individual holding has decreased from 156.00k shares to 0. Company insiders have collectively sold HK$2.4m more than they bought, via options and on-market transactions in the last 12 months. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$1.48, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 9x in the Packaging industry in Hong Kong. Total returns to shareholders of 209% over the past three years. Recent Insider Transactions • Dec 09
Executive Director & President recently sold HK$135k worth of stock On the 3rd of December, Siu Fun Lo sold around 96k shares on-market at roughly HK$1.41 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Siu Fun has been a net seller over the last 12 months, reducing personal holdings by HK$232k. New Risk • Dec 06
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 11% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (HK$270.9m market cap, or US$34.8m). Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$1.13, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 9x in the Packaging industry in Hong Kong. Total returns to shareholders of 130% over the past three years. Reported Earnings • Sep 23
First half 2025 earnings released: EPS: HK$0.077 (vs HK$0.095 in 1H 2024) First half 2025 results: EPS: HK$0.077 (down from HK$0.095 in 1H 2024). Revenue: HK$181.2m (up 1.3% from 1H 2024). Net income: HK$15.6m (down 18% from 1H 2024). Profit margin: 8.6% (down from 11% in 1H 2024). The decrease in margin was driven by higher expenses. 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 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 24
First half 2025 earnings released: EPS: HK$0.077 (vs HK$0.095 in 1H 2024) First half 2025 results: EPS: HK$0.077 (down from HK$0.095 in 1H 2024). Revenue: HK$181.2m (up 1.3% from 1H 2024). Net income: HK$15.6m (down 18% from 1H 2024). Profit margin: 8.6% (down from 11% in 1H 2024). The decrease in margin was driven by higher expenses. 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 15% per year, which means it is significantly lagging earnings growth. Announcement • Aug 12
MS Group Holdings Limited to Report First Half, 2025 Results on Aug 22, 2025 MS Group Holdings Limited announced that they will report first half, 2025 results on Aug 22, 2025 Upcoming Dividend • May 21
Upcoming dividend of HK$0.20 per share Eligible shareholders must have bought the stock before 28 May 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 24% but the company is paying out more than the cash it is generating. Trailing yield: 28%. Within top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (6.7%). Recent Insider Transactions Derivative • May 17
Executive Director & President exercised options to buy HK$210k worth of stock. On the 13th of May, Siu Fun Lo exercised options to buy 200k shares at a strike price of around HK$0.68, costing a total of HK$136k. As of today, Siu Fun currently holds no shares directly. Company insiders have collectively sold HK$3.3m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Apr 29
Full year 2024 earnings released: EPS: HK$0.25 (vs HK$0.081 in FY 2023) Full year 2024 results: EPS: HK$0.25 (up from HK$0.081 in FY 2023). Revenue: HK$421.1m (up 80% from FY 2023). Net income: HK$49.4m (up 203% from FY 2023). Profit margin: 12% (up from 7.0% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. New Risk • Apr 07
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 10% 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 (10% average weekly change). Significant insider selling over the past 3 months (HK$3.5m sold). Market cap is less than US$100m (HK$202.0m market cap, or US$26.0m). Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$1.18, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 10x in the Packaging industry in Hong Kong. Total returns to shareholders of 179% over the past three years. Recent Insider Transactions • Mar 30
CEO & Executive Director recently sold HK$378k worth of stock On the 26th of March, Kwok-Keung Chung sold around 250k shares on-market at roughly HK$1.51 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 Kwok-Keung's only on-market trade for the last 12 months. Reported Earnings • Mar 26
Full year 2024 earnings released: EPS: HK$0.25 (vs HK$0.081 in FY 2023) Full year 2024 results: EPS: HK$0.25 (up from HK$0.081 in FY 2023). Revenue: HK$421.1m (up 80% from FY 2023). Net income: HK$49.4m (up 203% from FY 2023). Profit margin: 12% (up from 7.0% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 37% per year. Announcement • Mar 25
MS Group Holdings Limited, Annual General Meeting, May 26, 2025 MS Group Holdings Limited, Annual General Meeting, May 26, 2025. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$1.37, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 13x in the Packaging industry in Hong Kong. Total returns to shareholders of 268% over the past three years. Announcement • Mar 13
MS Group Holdings Limited to Report Fiscal Year 2024 Results on Mar 25, 2025 MS Group Holdings Limited announced that they will report fiscal year 2024 results on Mar 25, 2025 Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to HK$1.08, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 13x in the Packaging industry in Hong Kong. Total returns to shareholders of 165% over the past three years. Announcement • Jan 24
MS Group Holdings Limited Provides Earnings Guidance for the Year Ended 31 December 2024 MS Group Holdings Limited provided earnings guidance for the year ended 31 December 2024. For the year, the Group is expected to record a profit attributable to the Shareholders for the Year, which is estimated to be ranging between HKD 47 million and HKD 52 million, as compared with the actual profit attributable to the Shareholders for the year ended 31 December 2023 of approximately HKD 16 million. The Board announced that such increase is primarily attributable to the growth in revenue from the original equipment manufacturing business of the Group for the Year which was mainly due to the increased sales orders received from existing customers. Announcement • Nov 23
MS Group Holdings Limited Appoints Lo Siu Fun Helena as Executive Director with Effect from 1 December 2024 The board of directors of MS Group Holdings Limited announced that Ms. Lo Siu Fun Helena (Ms. Lo), the president of the Company (the President), has been appointed as an executive Director with effect from 1 December 2024. Ms. Lo will continue to act as the President. Ms. Lo, aged 65, joined the Group in 2018 and currently serves as the President. She is responsible for overseeing the Group's overall operational management and strategic planning to achieve its business objectives. Prior to joining the Group, Ms. Lo held several senior management positions with a number of public companies listed overseas, primarily in the children's toys, collectibles, and infant and toddler products sectors. She brings valuable experience in enterprise management and team leadership from her previous roles. Ms. Lo holds a bachelor's degree in Business Administration. Upcoming Dividend • Aug 28
Upcoming dividend of HK$0.10 per share Eligible shareholders must have bought the stock before 04 September 2024. Payment date: 04 October 2024. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 13%. Within top quartile of Hong Kong dividend payers (8.4%). Higher than average of industry peers (3.8%). New Risk • Aug 23
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 57% 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 Risk High level of non-cash earnings (57% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (HK$168.0m market cap, or US$21.5m). Announcement • Aug 12
MS Group Holdings Limited to Report First Half, 2024 Results on Aug 22, 2024 MS Group Holdings Limited announced that they will report first half, 2024 results on Aug 22, 2024 Buy Or Sell Opportunity • Jul 25
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.1% to HK$0.94. The fair value is estimated to be HK$1.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.5% over the last 3 years. Earnings per share has declined by 4.3%. Buy Or Sell Opportunity • Jul 10
Now 25% undervalued The stock has been flat over the last 90 days, currently trading at HK$0.95. The fair value is estimated to be HK$1.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.5% over the last 3 years. Earnings per share has declined by 4.3%. Buy Or Sell Opportunity • Jun 12
Now 25% undervalued Over the last 90 days, the stock has risen 2.2% to HK$0.91. The fair value is estimated to be HK$1.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.5% over the last 3 years. Earnings per share has declined by 4.3%. Upcoming Dividend • May 22
Upcoming dividend of HK$0.06 per share Eligible shareholders must have bought the stock before 29 May 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 37% but the company is paying out more than the cash it is generating. Trailing yield: 5.9%. Lower than top quartile of Hong Kong dividend payers (7.4%). Higher than average of industry peers (3.5%). Declared Dividend • Mar 23
Dividend of HK$0.06 announced Shareholders will receive a dividend of HK$0.06. Ex-date: 29th May 2024 Payment date: 26th June 2024 Dividend yield will be 6.3%, which is higher than the industry average of 3.5%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (23% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: HK$0.081 (vs HK$0.069 in FY 2022) Full year 2023 results: EPS: HK$0.081 (up from HK$0.069 in FY 2022). Revenue: HK$234.0m (down 10% from FY 2022). Net income: HK$16.3m (up 18% from FY 2022). Profit margin: 7.0% (up from 5.3% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Announcement • Mar 22
MS Group Holdings Limited Proposes Final Ordinary Dividend for the Financial Year End 31 December 2023, Payable on June 26, 2024 MS Group Holdings Limited proposed Final Ordinary dividend of HKD 0.03 per share for the financial year end 31 December 2023. Ex-dividend date 29 May 2024, Record date 05 June 2024 and Payment date 26 June 2024. Announcement • Mar 21
MS Group Holdings Limited Proposes Final Special Dividend for the Year Ended December 31, 2023, Payable on June 26, 2024 MS Group Holdings Limited proposed a final special dividend of HKD 0.03 per share for the year ended December 31, 2023. The ex-dividend date is 29 May 2024, record date is 05 June 2024 and payment date is 26 June 2024. The date of shareholders' approval is 27 May 2024. Announcement • Mar 07
MS Group Holdings Limited to Report Q4, 2023 Results on Mar 21, 2024 MS Group Holdings Limited announced that they will report Q4, 2023 results on Mar 21, 2024 New Risk • Feb 10
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 10.0% 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 (10.0% average weekly change). Market cap is less than US$100m (HK$190.0m market cap, or US$24.3m). Reported Earnings • Aug 26
First half 2023 earnings released: EPS: HK$0.045 (vs HK$0.065 in 1H 2022) First half 2023 results: EPS: HK$0.045 (down from HK$0.065 in 1H 2022). Revenue: HK$113.2m (down 30% from 1H 2022). Net income: HK$9.06m (down 30% from 1H 2022). Profit margin: 8.0% (in line with 1H 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year. Announcement • Aug 16
MS Group Holdings Limited to Report First Half, 2023 Results on Aug 24, 2023 MS Group Holdings Limited announced that they will report first half, 2023 results on Aug 24, 2023 Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: HK$0.069 (vs HK$0.077 in FY 2021) Full year 2022 results: EPS: HK$0.069 (down from HK$0.077 in FY 2021). Revenue: HK$260.1m (down 11% from FY 2021). Net income: HK$13.8m (down 10% from FY 2021). Profit margin: 5.3% (up from 5.2% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 9% per year. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director David Yu was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 25
First half 2022 earnings released: EPS: HK$0.065 (vs HK$0.033 in 1H 2021) First half 2022 results: EPS: HK$0.065 (up from HK$0.033 in 1H 2021). Revenue: HK$161.2m (up 29% from 1H 2021). Net income: HK$12.9m (up 97% from 1H 2021). Profit margin: 8.0% (up from 5.3% in 1H 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Aug 13
MS Group Holdings Limited to Report First Half, 2022 Results on Aug 24, 2022 MS Group Holdings Limited announced that they will report first half, 2022 results on Aug 24, 2022 Buying Opportunity • Aug 01
Now 20% undervalued Over the last 90 days, the stock is up 38%. The fair value is estimated to be HK$0.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: HK$0.077 (vs HK$0.07 in FY 2020) Full year 2021 results: EPS: HK$0.077 (up from HK$0.07 in FY 2020). Revenue: HK$293.7m (up 18% from FY 2020). Net income: HK$15.4m (up 10% from FY 2020). Profit margin: 5.2% (down from 5.6% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director David Yu was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Mar 23
MS Group Holdings Limited, Annual General Meeting, May 30, 2022 MS Group Holdings Limited, Annual General Meeting, May 30, 2022. Reported Earnings • Sep 26
First half 2021 earnings released: EPS HK$0.033 (vs HK$0.027 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: HK$124.7m (up 33% from 1H 2020). Net income: HK$6.57m (up 23% from 1H 2020). Profit margin: 5.3% (down from 5.7% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 22
First half 2021 earnings released: EPS HK$0.033 (vs HK$0.027 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: HK$124.7m (up 33% from 1H 2020). Net income: HK$6.57m (up 23% from 1H 2020). Profit margin: 5.3% (down from 5.7% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 26
Full year 2020 earnings released: EPS HK$0.07 (vs HK$0.063 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: HK$248.5m (down 5.2% from FY 2019). Net income: HK$14.0m (up 11% from FY 2019). Profit margin: 5.6% (up from 4.8% in FY 2019). The increase in margin was driven by lower expenses. Announcement • Mar 20
MS Group Holdings Limited, Annual General Meeting, Jun 07, 2021 MS Group Holdings Limited, Annual General Meeting, Jun 07, 2021. Reported Earnings • Mar 20
Full year 2020 earnings released: EPS HK$0.07 (vs HK$0.063 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: HK$248.5m (down 5.2% from FY 2019). Net income: HK$14.0m (up 11% from FY 2019). Profit margin: 5.6% (up from 4.8% in FY 2019). The increase in margin was driven by lower expenses. Announcement • Mar 10
MS Group Holdings Limited to Report Fiscal Year 2020 Results on Mar 19, 2021 MS Group Holdings Limited announced that they will report fiscal year 2020 results on Mar 19, 2021 Is New 90 Day High Low • Jan 29
New 90-day low: HK$0.46 The company is down 17% from its price of HK$0.55 on 30 October 2020. The Hong Kong market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 23% over the same period. Announcement • Jan 22
MS Group Holdings Limited (SEHK:1451) signed membership interest purchase agreement to acquire 30% stake in BRH2 Plásticos, S. de R.L. de C.V. from Ryan Fernandez, Hector Placencia and others for $2.3 million. MS Group Holdings Limited (SEHK:1451) signed membership interest purchase agreement to acquire 30% stake in BRH2 Plásticos, S. de R.L. de C.V. from Ryan Fernandez, Hector Placencia and others (sellers) for $2.3 million on January 19, 2021. Under the transaction, MS Group Holdings Limited will acquire 18.5% stake in BRH2 Plásticos, S. de R.L. de C.V. from Ryan Fernandez and others for $1.39 million of which $1.21 million is payable on closing and $0.105 million on the date on which MS Group Holdings Limited determines that certain post-closing obligations have been completed by the sellers and $0.07 million on the date upon which MS Group Holdings Limited determines that the remaining post-closing obligations have been completed by the sellers. MS Group Holdings Limited will acquire 11.5% stake in BRH2 Plásticos, S. de R.L. de C.V. from Hector Placencia for $0.86 million of which $0.79 million is payable on closing date, $0.045 million on the date on which MS Group Holdings Limited determines that certain post-closing obligations have been completed by the sellers and $0.03 million on the date upon which MS Group Holdings Limited determines that the remaining post-closing obligations have been completed by the sellers.
Upon closing, MS Group Holdings Limited will hold 40% stake in BRH2 Plásticos, S. de R.L. de C.V., Ryan Fernandez and others will hold 42.714% stake and Hector Placencia will hold 17.286% stake. In a related transaction, MS Group Holdings Limited agreed to subscribe for 10% new membership interest in BRH2 Plásticos, S. de R.L. de C.V. for 0.75 million. MS Group Holdings Limited will settle the consideration with its internal resources. The total asset value and net asset value of BRH2 Plásticos, S. de R.L. de C.V. as at July 31, 2020 were approximately $2.55 million and $1.25 million respectively. After closing, the board of directors of BRH2 Plásticos, S. de R.L. de C.V. will comprise of 5 directors. MS Group Holdings Limited will be entitled to appoint two directors and Ryan Fernandez and others and Hector Placencia, respectively, will be entitled to appoint one director. The four directors of BRH2 Plásticos, S. de R.L. de C.V. will then jointly elect one independent director. The transaction is subject to all third-party consents and approvals and is expected to close within five business days after the date of the agreement. Is New 90 Day High Low • Jan 08
New 90-day low: HK$0.50 The company is down 15% from its price of HK$0.59 on 09 October 2020. The Hong Kong market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 19% over the same period. Reported Earnings • Sep 25
First half earnings released Over the last 12 months the company has reported total profits of HK$14.2m, up 124% from the prior year. Total revenue was HK$235.9m over the last 12 months, down 3.2% from the prior year. Announcement • Aug 12
MS Group Holdings Limited to Report Q2, 2020 Results on Aug 24, 2020 MS Group Holdings Limited announced that they will report Q2, 2020 results on Aug 24, 2020