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Rare Earth Magnesium Technology Group Holdings SEHK:601 Stock Report

Last Price

HK$0.088

Market Cap

HK$52.1m

7D

31.3%

1Y

-61.4%

Updated

04 Oct, 2024

Data

Company Financials

Rare Earth Magnesium Technology Group Holdings Limited

SEHK:601 Stock Report

Market Cap: HK$52.1m

601 Stock Overview

An investment holding company, develops, manufactures, sells, and trades magnesium alloy new material products in Mainland China and Hong Kong.

601 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

Rare Earth Magnesium Technology Group Holdings Limited Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Rare Earth Magnesium Technology Group Holdings
Historical stock prices
Current Share PriceHK$0.088
52 Week HighHK$0.40
52 Week LowHK$0.051
Beta0.63
11 Month Change44.26%
3 Month Change-7.37%
1 Year Change-61.40%
33 Year Change-91.85%
5 Year Change-98.53%
Change since IPO-99.73%

Recent News & Updates

Does Rare Earth Magnesium Technology Group Holdings (HKG:601) Have A Healthy Balance Sheet?

Oct 03
Does Rare Earth Magnesium Technology Group Holdings (HKG:601) Have A Healthy Balance Sheet?

Some Confidence Is Lacking In Rare Earth Magnesium Technology Group Holdings Limited (HKG:601) As Shares Slide 29%

Aug 11
Some Confidence Is Lacking In Rare Earth Magnesium Technology Group Holdings Limited (HKG:601) As Shares Slide 29%

Recent updates

Does Rare Earth Magnesium Technology Group Holdings (HKG:601) Have A Healthy Balance Sheet?

Oct 03
Does Rare Earth Magnesium Technology Group Holdings (HKG:601) Have A Healthy Balance Sheet?

Some Confidence Is Lacking In Rare Earth Magnesium Technology Group Holdings Limited (HKG:601) As Shares Slide 29%

Aug 11
Some Confidence Is Lacking In Rare Earth Magnesium Technology Group Holdings Limited (HKG:601) As Shares Slide 29%

Rare Earth Magnesium Technology Group Holdings Limited's (HKG:601) 41% Share Price Surge Not Quite Adding Up

Jun 05
Rare Earth Magnesium Technology Group Holdings Limited's (HKG:601) 41% Share Price Surge Not Quite Adding Up

Is Rare Earth Magnesium Technology Group Holdings (HKG:601) Using Debt In A Risky Way?

May 29
Is Rare Earth Magnesium Technology Group Holdings (HKG:601) Using Debt In A Risky Way?

Rare Earth Magnesium Technology Group Holdings Limited (HKG:601) Stock Rockets 30% As Investors Are Less Pessimistic Than Expected

Apr 07
Rare Earth Magnesium Technology Group Holdings Limited (HKG:601) Stock Rockets 30% As Investors Are Less Pessimistic Than Expected

Rare Earth Magnesium Technology Group Holdings Limited (HKG:601) Shares May Have Slumped 29% But Getting In Cheap Is Still Unlikely

Jan 22
Rare Earth Magnesium Technology Group Holdings Limited (HKG:601) Shares May Have Slumped 29% But Getting In Cheap Is Still Unlikely

Is Rare Earth Magnesium Technology Group Holdings (HKG:601) Weighed On By Its Debt Load?

Dec 06
Is Rare Earth Magnesium Technology Group Holdings (HKG:601) Weighed On By Its Debt Load?

Health Check: How Prudently Does Rare Earth Magnesium Technology Group Holdings (HKG:601) Use Debt?

Sep 03
Health Check: How Prudently Does Rare Earth Magnesium Technology Group Holdings (HKG:601) Use Debt?

Rare Earth Magnesium Technology Group Holdings (HKG:601) Has Debt But No Earnings; Should You Worry?

Sep 29
Rare Earth Magnesium Technology Group Holdings (HKG:601) Has Debt But No Earnings; Should You Worry?

A Look At The Fair Value Of Rare Earth Magnesium Technology Group Holdings Limited (HKG:601)

Jun 15
A Look At The Fair Value Of Rare Earth Magnesium Technology Group Holdings Limited (HKG:601)

Is Rare Earth Magnesium Technology Group Holdings (HKG:601) Using Debt In A Risky Way?

Apr 08
Is Rare Earth Magnesium Technology Group Holdings (HKG:601) Using Debt In A Risky Way?

Estimating The Fair Value Of Rare Earth Magnesium Technology Group Holdings Limited (HKG:601)

May 04
Estimating The Fair Value Of Rare Earth Magnesium Technology Group Holdings Limited (HKG:601)

Is Rare Earth Magnesium Technology Group Holdings (HKG:601) A Risky Investment?

Mar 30
Is Rare Earth Magnesium Technology Group Holdings (HKG:601) A Risky Investment?

Rare Earth Magnesium Technology Group Holdings' (HKG:601) Shareholders Are Down 76% On Their Shares

Feb 09
Rare Earth Magnesium Technology Group Holdings' (HKG:601) Shareholders Are Down 76% On Their Shares

Estimating The Intrinsic Value Of Rare Earth Magnesium Technology Group Holdings Limited (HKG:601)

Jan 05
Estimating The Intrinsic Value Of Rare Earth Magnesium Technology Group Holdings Limited (HKG:601)

Rare Earth Magnesium Technology Group Holdings (HKG:601) Use Of Debt Could Be Considered Risky

Dec 01
Rare Earth Magnesium Technology Group Holdings (HKG:601) Use Of Debt Could Be Considered Risky

Shareholder Returns

601HK Metals and MiningHK Market
7D31.3%6.7%9.6%
1Y-61.4%49.9%27.2%

Return vs Industry: 601 underperformed the Hong Kong Metals and Mining industry which returned 46.4% over the past year.

Return vs Market: 601 underperformed the Hong Kong Market which returned 25.5% over the past year.

Price Volatility

Is 601's price volatile compared to industry and market?
601 volatility
601 Average Weekly Movement13.5%
Metals and Mining Industry Average Movement6.9%
Market Average Movement7.9%
10% most volatile stocks in HK Market17.4%
10% least volatile stocks in HK Market3.8%

Stable Share Price: 601's share price has been volatile over the past 3 months compared to the Hong Kong market.

Volatility Over Time: 601's weekly volatility has decreased from 19% to 13% over the past year, but is still higher than 75% of Hong Kong stocks.

About the Company

FoundedEmployeesCEOWebsite
1992352Sai Chit Shumwww.remt.com.hk

Rare Earth Magnesium Technology Group Holdings Limited, an investment holding company, develops, manufactures, sells, and trades magnesium alloy new material products in Mainland China and Hong Kong. It also operates a dolomite mine in Baishan City, Jilin Province. The company was formerly known as Group Sense (International) Limited and changed its name to Rare Earth Magnesium Technology Group Holdings Limited in July 2018.

Rare Earth Magnesium Technology Group Holdings Limited Fundamentals Summary

How do Rare Earth Magnesium Technology Group Holdings's earnings and revenue compare to its market cap?
601 fundamental statistics
Market capHK$52.15m
Earnings (TTM)-HK$389.95m
Revenue (TTM)HK$266.94m

0.2x

P/S Ratio

-0.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
601 income statement (TTM)
RevenueHK$266.94m
Cost of RevenueHK$341.59m
Gross Profit-HK$74.64m
Other ExpensesHK$315.31m
Earnings-HK$389.95m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-0.66
Gross Margin-27.96%
Net Profit Margin-146.08%
Debt/Equity Ratio141.3%

How did 601 perform over the long term?

See historical performance and comparison