601 Stock Overview
An investment holding company, develops, manufactures, sells, and trades magnesium alloy new material products in Mainland China and Hong Kong. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
My Notes
Capture your thoughts, links and company narrative
Rare Earth Magnesium Technology Group Holdings Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$0.097 |
| 52 Week High | HK$0.21 |
| 52 Week Low | HK$0.051 |
| Beta | 0.15 |
| 1 Month Change | -10.19% |
| 3 Month Change | 46.97% |
| 1 Year Change | 34.72% |
| 3 Year Change | -92.87% |
| 5 Year Change | -98.41% |
| Change since IPO | -99.71% |
Recent News & Updates
Recent updates
More Unpleasant Surprises Could Be In Store For Rare Earth Magnesium Technology Group Holdings Limited's (HKG:601) Shares After Tumbling 30%
Nov 25
Revenues Not Telling The Story For Rare Earth Magnesium Technology Group Holdings Limited (HKG:601) After Shares Rise 38%
Oct 09Does Rare Earth Magnesium Technology Group Holdings (HKG:601) Have A Healthy Balance Sheet?
Oct 03Some Confidence Is Lacking In Rare Earth Magnesium Technology Group Holdings Limited (HKG:601) As Shares Slide 29%
Aug 11Rare Earth Magnesium Technology Group Holdings Limited's (HKG:601) 41% Share Price Surge Not Quite Adding Up
Jun 05Is Rare Earth Magnesium Technology Group Holdings (HKG:601) Using Debt In A Risky Way?
May 29Rare Earth Magnesium Technology Group Holdings Limited (HKG:601) Stock Rockets 30% As Investors Are Less Pessimistic Than Expected
Apr 07Rare Earth Magnesium Technology Group Holdings Limited (HKG:601) Shares May Have Slumped 29% But Getting In Cheap Is Still Unlikely
Jan 22Is Rare Earth Magnesium Technology Group Holdings (HKG:601) Weighed On By Its Debt Load?
Dec 06Health Check: How Prudently Does Rare Earth Magnesium Technology Group Holdings (HKG:601) Use Debt?
Sep 03Rare Earth Magnesium Technology Group Holdings (HKG:601) Has Debt But No Earnings; Should You Worry?
Sep 29A Look At The Fair Value Of Rare Earth Magnesium Technology Group Holdings Limited (HKG:601)
Jun 15Is Rare Earth Magnesium Technology Group Holdings (HKG:601) Using Debt In A Risky Way?
Apr 08Estimating The Fair Value Of Rare Earth Magnesium Technology Group Holdings Limited (HKG:601)
May 04Is Rare Earth Magnesium Technology Group Holdings (HKG:601) A Risky Investment?
Mar 30Rare Earth Magnesium Technology Group Holdings' (HKG:601) Shareholders Are Down 76% On Their Shares
Feb 09
Estimating The Intrinsic Value Of Rare Earth Magnesium Technology Group Holdings Limited (HKG:601)
Jan 05Rare Earth Magnesium Technology Group Holdings (HKG:601) Use Of Debt Could Be Considered Risky
Dec 01Shareholder Returns
| 601 | HK Metals and Mining | HK Market | |
|---|---|---|---|
| 7D | -15.7% | 1.7% | 2.1% |
| 1Y | 34.7% | 17.5% | 17.6% |
Return vs Industry: 601 exceeded the Hong Kong Metals and Mining industry which returned 17.5% over the past year.
Return vs Market: 601 exceeded the Hong Kong Market which returned 17.6% over the past year.
Price Volatility
| 601 volatility | |
|---|---|
| 601 Average Weekly Movement | 21.5% |
| Metals and Mining Industry Average Movement | 7.5% |
| Market Average Movement | 8.6% |
| 10% most volatile stocks in HK Market | 18.6% |
| 10% least volatile stocks in HK Market | 3.9% |
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 (22%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1992 | 352 | Sai Chit Shum | www.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
| 601 fundamental statistics | |
|---|---|
| Market cap | HK$57.48m |
| Earnings (TTM) | -HK$389.95m |
| Revenue (TTM) | HK$266.94m |
0.2x
P/S Ratio-0.1x
P/E RatioIs 601 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 601 income statement (TTM) | |
|---|---|
| Revenue | HK$266.94m |
| Cost of Revenue | HK$341.59m |
| Gross Profit | -HK$74.64m |
| Other Expenses | HK$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 Ratio | 141.3% |
How did 601 perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 00:30 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Rare Earth Magnesium Technology Group Holdings Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ketan Chaphalkar | Evaluate Research Limited |
| Ka Kit Po | UOB Kay Hian Research Pte Ltd |