New Risk • Jun 25
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 Less than 1 year of cash runway based on free cash flow trend (-HK$310m free cash flow). Negative equity (-HK$2.4b). Earnings have declined by 12% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (HK$492.3m market cap, or US$62.8m). Announcement • Jun 24
i-CABLE Communications Limited Announces Resignation of Lie Ken Jie Remy Anthony Ket Heng from Alternate Director, Effective June 23, 2026 i-CABLE Communications Limited announced that, in order to pursue other personal and business commitments, Mr. Lie Ken Jie Remy Anthony Ket Heng resigned as an alternate director to Mr. Tsang On Yip, Patrick, the vice-chairman of the Board and an executive Director, with effect from June 23, 2026. Reported Earnings • Mar 30
Full year 2025 earnings released: HK$0.069 loss per share (vs HK$0.078 loss in FY 2024) Full year 2025 results: HK$0.069 loss per share (improved from HK$0.078 loss in FY 2024). Revenue: HK$538.7m (down 7.8% from FY 2024). Net loss: HK$490.0m (loss narrowed 12% from FY 2024). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 7% per year. Announcement • Mar 28
i-CABLE Communications Limited, Annual General Meeting, Jun 23, 2026 i-CABLE Communications Limited, Annual General Meeting, Jun 23, 2026. Announcement • Mar 24
I-Cable Communications Limited Unveils 2026 Program Slate and Launches New Content Offerings I-CABLE Communications Limited unveiled its 2026 program slate at FilmArt, marking a major step forward into a comprehensive media network rooted in Hong Kong with a global outlook. Gathering over 50 A-list figures from entertainment, sports, news and lifestyle sectors, including Phil Lam, Kiri T. and Jason Chan, the event also marked the return of Kenneth Chan and Stephen Chan as hosts of upcoming programs, alongside exclusive previews of HOY's flagship variety shows. Anchored in four key content pillars — News & Finance, Sports, Music & Entertainment, and Lifestyle Variety — HOY will collaborate with diverse partners to roll out refreshed content from mid-May, connecting with Chinese audiences worldwide. Leveraging i-CABLE's trusted news network, HOY will deliver more analytical reporting, including a Hong Kong IPO special series. Flagship program On the Frontline will reach its 1,000-episode milestone, continuing to spotlight major local issues. HOY will stream over 1,000 sports events annually across platforms. i-CABLE has secured Hong Kong's exclusive official broadcast rights for the 20th Asian Games for the eighth consecutive term, delivering thousands of hours of coverage and exclusive broadcasts of the Hong Kong Sports Stars Awards. Partnering with major venues and record labels, HOY is creating a 10,000-square-foot pop music space to support emerging local artists. Hosted by renowned producer Keith Chan, Canto Song for Everyone brings Cantopop talents together with cross-regional artists, taking Cantonese music onto the international stage. From youth-focused "I Want to Be A YouTuber" to lifestyle titles such as "The Ninth Fortune Guestroom" and "Drink Across Asia", HOY's new lineup spans generations. Travel and wellness programs including "Stephen's Tour", "Railway Traveller 5", "Health Concern Group" and "Sports Concern Group" further round out the slate. Announcement • Mar 17
i-CABLE Communications Limited to Report Fiscal Year 2025 Results on Mar 27, 2026 i-CABLE Communications Limited announced that they will report fiscal year 2025 results on Mar 27, 2026 New Risk • Jan 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$713.5m (US$91.6m) This is considered a minor 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 Less than 1 year of cash runway based on free cash flow trend (-HK$269m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Negative equity (-HK$2.1b). Earnings have declined by 15% per year over the past 5 years. Minor Risks Significant insider selling over the past 3 months (HK$2.2m sold). Market cap is less than US$100m (HK$713.5m market cap, or US$91.6m). New Risk • Oct 14
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 11% 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 Less than 1 year of cash runway based on free cash flow trend (-HK$269m free cash flow). Negative equity (-HK$2.1b). Earnings have declined by 15% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Reported Earnings • Sep 27
First half 2025 earnings released: HK$0.03 loss per share (vs HK$0.036 loss in 1H 2024) First half 2025 results: HK$0.03 loss per share (improved from HK$0.036 loss in 1H 2024). Revenue: HK$277.5m (flat on 1H 2024). Net loss: HK$216.8m (loss narrowed 15% from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Reported Earnings • Aug 28
First half 2025 earnings released: HK$0.03 loss per share (vs HK$0.036 loss in 1H 2024) First half 2025 results: HK$0.03 loss per share (improved from HK$0.036 loss in 1H 2024). Revenue: HK$277.5m (flat on 1H 2024). Net loss: HK$216.8m (loss narrowed 15% from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Announcement • Aug 15
i-CABLE Communications Limited to Report First Half, 2025 Results on Aug 26, 2025 i-CABLE Communications Limited announced that they will report first half, 2025 results on Aug 26, 2025 New Risk • Jun 23
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 11% 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 Less than 1 year of cash runway based on free cash flow trend (-HK$335m free cash flow). Negative equity (-HK$1.9b). Earnings have declined by 16% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (HK$242.6m market cap, or US$30.9m). Announcement • Apr 25
i-CABLE Communications Limited Auditor Raises 'Going Concern' Doubt i-CABLE Communications Limited filed its Annual on Apr 23, 2025 for the period ending Dec 31, 2024. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Reported Earnings • Mar 27
Full year 2024 earnings released: HK$0.078 loss per share (vs HK$0.077 loss in FY 2023) Full year 2024 results: HK$0.078 loss per share (further deteriorated from HK$0.077 loss in FY 2023). Revenue: HK$584.5m (down 2.2% from FY 2023). Net loss: HK$553.3m (loss widened 1.1% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 13% per year. Announcement • Mar 27
i-CABLE Communications Limited, Annual General Meeting, Jun 16, 2025 i-CABLE Communications Limited, Annual General Meeting, Jun 16, 2025. Announcement • Mar 14
i-CABLE Communications Limited to Report Fiscal Year 2024 Results on Mar 26, 2025 i-CABLE Communications Limited announced that they will report fiscal year 2024 results on Mar 26, 2025 Announcement • Jan 29
i-CABLE Communications Limited Announces Chief Financial Officer Changes, Effective from 1 February 2025 The board of directors of i-CABLE Communications Limited announced that Mr. Kwok Chi Kin (Mr. Kwok') has tendered his letter of resignation and will resign as the chief financial officer of the Company (the CFO) with effect from 1 February 2025 in order to devote more time to his family and personal commitments. Following Mr. Kwok's resignation, the Board announced that Mr. Liu David C K (Mr. Liu') has been appointed as the CFO with effect from 1 February 2025. The biographical details of Mr. Liu are set out below: Mr. Liu has over 20 years of experience in diverse industries including media, sports and entertainment. In prior finance leadership and finance business partnering roles, Mr. Liu focuses on the financial planning and analysis function in extracting key financial insights and conveying to leadership in a simplified manner to drive corporate action and business growth. He is a Chartered Professional Accountant (CPA) from the Chartered Professional Accountants of Ontario and holds a Bachelor of Commerce Degree from Toronto Metropolitan University in Toronto, Ontario, Canada. Reported Earnings • Sep 27
First half 2024 earnings released: HK$0.036 loss per share (vs HK$0.021 loss in 1H 2023) First half 2024 results: HK$0.036 loss per share (further deteriorated from HK$0.021 loss in 1H 2023). Revenue: HK$277.2m (up 5.2% from 1H 2023). Net loss: HK$254.9m (loss widened 71% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 27% per year. Announcement • Aug 16
i-CABLE Communications Limited to Report First Half, 2024 Results on Aug 28, 2024 i-CABLE Communications Limited announced that they will report first half, 2024 results on Aug 28, 2024 New Risk • May 29
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 11% 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 Less than 1 year of cash runway based on free cash flow trend (-HK$407m free cash flow). Negative equity (-HK$1.3b). Earnings have declined by 13% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (HK$256.8m market cap, or US$32.9m). Announcement • Apr 23
i-CABLE Communications Limited, Annual General Meeting, Jun 06, 2024 i-CABLE Communications Limited, Annual General Meeting, Jun 06, 2024, at 15:00 China Standard Time. Location: The GalaMuse, Unit 1001 & 07, 08, Level 10, K11 ATELIER, Victoria Dockside, 18 Salisbury Road, Tsim Sha Tsui, Kowloon Hong Kong Agenda: To receive the audited consolidated financial statements for the year ended 31 December 2023 and the reports of the directors of the Company (the ``Directors'') and the auditor of the Company thereon;to re-elect the retiring Directors; to authorise the board of Directors (the ``Board'') to fix the remuneration of the Directors; to re-appoint PricewaterhouseCoopers as auditor of the Company and to authorise the Board to fix their remuneration; and to consider other matters. Reported Earnings • Mar 23
Full year 2023 earnings released: HK$0.077 loss per share (vs HK$0.12 loss in FY 2022) Full year 2023 results: HK$0.077 loss per share (improved from HK$0.12 loss in FY 2022). Revenue: HK$597.9m (down 33% from FY 2022). Net loss: HK$547.6m (loss narrowed 38% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Announcement • Mar 14
i-CABLE Communications Limited to Report Fiscal Year 2023 Results on Mar 22, 2024 i-CABLE Communications Limited announced that they will report fiscal year 2023 results on Mar 22, 2024 Reported Earnings • Aug 28
First half 2023 earnings released: HK$0.021 loss per share (vs HK$0.032 loss in 1H 2022) First half 2023 results: HK$0.021 loss per share (improved from HK$0.032 loss in 1H 2022). Revenue: HK$263.4m (down 39% from 1H 2022). Net loss: HK$149.2m (loss narrowed 34% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Aug 16
i-CABLE Communications Limited to Report First Half, 2023 Results on Aug 25, 2023 i-CABLE Communications Limited announced that they will report first half, 2023 results on Aug 25, 2023 Announcement • Jun 29
i-CABLE Communications Limited Announces Executive Changes The board of directors (of i-CABLE Communications Limited announced that Mr. Kwok Chi Kin (``Mr. Kwok'') has tendered his resignation as the company secretary of the Company (the ``Company Secretary'') and an authorised representative of the Company (the ``Authorised Representative'') under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ``Stock Exchange'') with effect from 28 June 2023. Mr. Kwok remains as the chief financial officer of the Company. The Board announced that Ms. Lau Yee Wa (``Ms. Lau'') has been appointed as the Company Secretary and the Authorised Representative with effect from 28 June 2023. Ms. Lau is a director of corporate services of Tricor Services Limited, a global professional services provider specializing in integrated business, corporate and investor services. Ms. Lau has over 20 years of experience in the corporate secretarial field, and has been providing professional corporate services to Hong Kong listed companies as well as multinational, private and offshore companies. Ms. Lau is a Chartered Secretary, a Chartered Governance Professional and an associate of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom. Ms. Lau obtained her bachelor of business administrative management from the University of South Australia. Reported Earnings • Mar 29
Full year 2022 earnings released Full year 2022 results: Revenue: HK$895.2m (down 9.5% from FY 2021). Net loss: HK$885.7m (loss widened 144% from FY 2021). 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. 8 experienced directors. 3 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Non-Executive Director Jeffrey Lam was the last independent director to join the board, commencing their role in 2017. 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 28
First half 2022 earnings released: HK$0.032 loss per share (vs HK$0.025 loss in 1H 2021) First half 2022 results: HK$0.032 loss per share (down from HK$0.025 loss in 1H 2021). Revenue: HK$431.4m (down 13% from 1H 2021). Net loss: HK$225.9m (loss widened 29% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Jeffrey Lam was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 03
Full year 2021 earnings released: HK$0.051 loss per share (vs HK$0.039 loss in FY 2020) Full year 2021 results: HK$0.051 loss per share (down from HK$0.039 loss in FY 2020). Revenue: HK$989.2m (down 7.5% from FY 2020). Net loss: HK$363.7m (loss widened 32% from FY 2020). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Executive Departure • Dec 01
Chief Technology Officer Wai Man Chan has left the company On the 1st of December, Wai Man Chan's tenure as Chief Technology Officer ended after 2.4 years in the role. We don't have any record of a personal shareholding under Wai Man's name. Wai Man is the only executive to leave the company over the last 12 months. Recent Insider Transactions • Nov 14
Insider recently sold HK$156k worth of stock On the 10th of November, Lai King Ng sold around 2m shares on-market at roughly HK$0.078 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of HK$149k more than they bought in the last 12 months. Board Change • Nov 10
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Jeffrey Lam was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 26
First half 2021 earnings released: HK$0.025 loss per share (vs HK$0.025 loss in 1H 2020) The company reported a poor first half result with weaker revenues, weaker control over costs and no improvement to losses. First half 2021 results: Revenue: HK$493.5m (down 6.0% from 1H 2020). Net loss: HK$175.2m (flat on 1H 2020). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 23
First half 2021 earnings released: HK$0.025 loss per share (vs HK$0.025 loss in 1H 2020) The company reported a poor first half result with weaker revenues, weaker control over costs and no improvement to losses. First half 2021 results: Revenue: HK$493.5m (down 6.0% from 1H 2020). Net loss: HK$175.2m (flat on 1H 2020). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 30
Full year 2020 earnings released: HK$0.039 loss per share (vs HK$0.059 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: HK$1.07b (down 7.9% from FY 2019). Net loss: HK$275.4m (loss narrowed 31% from FY 2019). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 01
Full year 2020 earnings released: HK$0.039 loss per share (vs HK$0.059 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: HK$1.07b (down 7.9% from FY 2019). Net loss: HK$275.4m (loss narrowed 31% from FY 2019). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 24
First half earnings released Over the last 12 months the company has reported total losses of HK$363.6m, with losses narrowing by 12% from the prior year. Total revenue was HK$1.11b over the last 12 months, down 3.0% from the prior year. Announcement • Aug 13
i-CABLE Communications Limited to Report Q2, 2020 Results on Aug 24, 2020 i-CABLE Communications Limited announced that they will report Q2, 2020 results on Aug 24, 2020