Upcoming Dividend • Jun 08
Upcoming dividend of HK$0.11 per share Eligible shareholders must have bought the stock before 15 June 2026. Payment date: 10 July 2026. Payout ratio is a comfortable 57% but the company is paying out more than the cash it is generating. Trailing yield: 5.5%. Lower than top quartile of Hong Kong dividend payers (6.9%). Lower than average of industry peers (6.8%). New Risk • May 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 101% 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 Risk Shareholders have been substantially diluted in the past year (101% increase in shares outstanding). Minor Risk Dividend is not well covered by cash flows (282% cash payout ratio). Reported Earnings • Apr 04
Full year 2025 earnings released: EPS: CN¥0.17 (vs CN¥0.23 in FY 2024) Full year 2025 results: EPS: CN¥0.17 (down from CN¥0.23 in FY 2024). Revenue: CN¥382.3m (down 38% from FY 2024). Net income: CN¥80.0m (down 25% from FY 2024). Profit margin: 21% (up from 18% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Apr 02
Dividend of HK$0.11 announced Shareholders will receive a dividend of HK$0.11. Ex-date: 12th June 2026 Payment date: 10th July 2026 Dividend yield will be 5.6%, which is lower than the industry average of 6.8%. Sustainability & Growth The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 53% to shift the payout ratio to a potentially unsustainable range, which is more than the 3.2% EPS decline seen over the last 5 years. Announcement • Apr 01
SinoMedia Holding Limited announces Annual dividend, payable on July 10, 2026 SinoMedia Holding Limited announced Annual dividend of HKD 0.1100 per share payable on July 10, 2026, ex-date on June 12, 2026 and record date on June 15, 2026. Announcement • Mar 31
SinoMedia Holding Limited, Annual General Meeting, Jun 11, 2026 SinoMedia Holding Limited, Annual General Meeting, Jun 11, 2026. Announcement • Mar 16
SinoMedia Holding Limited to Report Fiscal Year 2025 Results on Mar 31, 2026 SinoMedia Holding Limited announced that they will report fiscal year 2025 results on Mar 31, 2026 Recent Insider Transactions Derivative • Sep 03
Independent Non-Executive Director exercised options and sold HK$666k worth of stock On the 28th of August, Daqing Qi exercised options to acquire 300k shares at no cost and sold these for an average price of HK$2.22 per share. This trade did not impact their existing holding. As of today, Daqing 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 • Aug 27
First half 2025 earnings released: EPS: CN¥0.071 (vs CN¥0.065 in 1H 2024) First half 2025 results: EPS: CN¥0.071 (up from CN¥0.065 in 1H 2024). Revenue: CN¥183.4m (down 45% from 1H 2024). Net income: CN¥32.9m (up 10% from 1H 2024). Profit margin: 18% (up from 9.0% in 1H 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 43% per year whereas the company’s share price has increased by 45% per year. Announcement • Aug 09
SinoMedia Holding Limited to Report First Half, 2025 Results on Aug 25, 2025 SinoMedia Holding Limited announced that they will report first half, 2025 results on Aug 25, 2025 Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to HK$2.36, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 12x in the Media industry in Hong Kong. Total returns to shareholders of 271% over the past three years. Upcoming Dividend • Jun 09
Upcoming dividend of HK$0.35 per share Eligible shareholders must have bought the stock before 16 June 2025. Payment date: 11 July 2025. Trailing yield: 12%. Within top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (6.1%). Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$2.61, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 10x in the Media industry in Hong Kong. Total returns to shareholders of 253% over the past three years. Declared Dividend • Apr 02
Dividend of HK$0.35 announced Shareholders will receive a dividend of HK$0.35. Ex-date: 16th June 2025 Payment date: 11th July 2025 Dividend yield will be 15%, which is higher than the industry average of 6.8%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 34% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 01
Full year 2024 earnings released: EPS: CN¥0.23 (vs CN¥0.21 in FY 2023) Full year 2024 results: EPS: CN¥0.23 (up from CN¥0.21 in FY 2023). Revenue: CN¥612.5m (down 19% from FY 2023). Net income: CN¥107.0m (up 11% from FY 2023). Profit margin: 18% (up from 13% in FY 2023). The increase in margin was driven by lower expenses. 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 38% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to HK$2.29, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 8x in the Media industry in Hong Kong. Total returns to shareholders of 231% over the past three years. Announcement • Mar 14
SinoMedia Holding Limited to Report Fiscal Year 2024 Results on Mar 31, 2025 SinoMedia Holding Limited announced that they will report fiscal year 2024 results on Mar 31, 2025 New Risk • Feb 01
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 9.4% 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 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 (9.4% average weekly change). Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to HK$1.61, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 9x in the Media industry in Hong Kong. Total returns to shareholders of 86% over the past three years. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to HK$1.20, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 10x in the Media industry in Hong Kong. Total returns to shareholders of 34% over the past three years. Reported Earnings • Aug 29
First half 2024 earnings released: EPS: CN¥0.065 (vs CN¥0.092 in 1H 2023) First half 2024 results: EPS: CN¥0.065 (down from CN¥0.092 in 1H 2023). Revenue: CN¥333.1m (down 11% from 1H 2023). Net income: CN¥29.9m (down 30% from 1H 2023). Profit margin: 9.0% (down from 11% in 1H 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Aug 09
SinoMedia Holding Limited to Report First Half, 2024 Results on Aug 26, 2024 SinoMedia Holding Limited announced that they will report first half, 2024 results on Aug 26, 2024 Upcoming Dividend • Jun 10
Upcoming dividend of HK$0.16 per share Eligible shareholders must have bought the stock before 17 June 2024. Payment date: 12 July 2024. Payout ratio is a comfortable 40% and the cash payout ratio is 91%. Trailing yield: 7.8%. Within top quartile of Hong Kong dividend payers (7.6%). Higher than average of industry peers (5.2%). Buy Or Sell Opportunity • Jun 05
Now 21% undervalued Over the last 90 days, the stock has risen 18% to HK$1.14. The fair value is estimated to be HK$1.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • May 20
Now 20% undervalued Over the last 90 days, the stock has risen 29% to HK$1.15. The fair value is estimated to be HK$1.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years, while earnings per share has been flat. Announcement • Apr 02
SinoMedia Holding Limited SHS to be Deleted from OTC Equity SinoMedia Holding Limited SHS (Hong Kong) will be deleted from OTC Equity effective April 02, 2024, due to inactive security. Announcement • Mar 27
SinoMedia Holding Limited, Annual General Meeting, Jun 12, 2024 SinoMedia Holding Limited, Annual General Meeting, Jun 12, 2024. Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.09 in FY 2022) Full year 2023 results: EPS: CN¥0.21 (up from CN¥0.09 in FY 2022). Revenue: CN¥759.8m (up 5.6% from FY 2022). Net income: CN¥96.8m (up 134% from FY 2022). Profit margin: 13% (up from 5.7% in FY 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat. Announcement • Mar 12
SinoMedia Holding Limited to Report Fiscal Year 2023 Results on Mar 26, 2024 SinoMedia Holding Limited announced that they will report fiscal year 2023 results on Mar 26, 2024 New Risk • Aug 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 52% 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 Risk Earnings have declined by 4.3% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (HK$429.3m market cap, or US$54.7m). Reported Earnings • Aug 30
First half 2023 earnings released: EPS: CN¥0.092 (vs CN¥0.048 loss in 1H 2022) First half 2023 results: EPS: CN¥0.092 (up from CN¥0.048 loss in 1H 2022). Revenue: CN¥373.1m (up 5.8% from 1H 2022). Net income: CN¥42.5m (up CN¥64.9m from 1H 2022). Profit margin: 11% (up from net loss in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Aug 12
SinoMedia Holding Limited to Report First Half, 2023 Results on Aug 28, 2023 SinoMedia Holding Limited announced that they will report first half, 2023 results on Aug 28, 2023 Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Executive Director Zhiyi Liu was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 13
SinoMedia Holding Limited Approves Final Dividend for the Year Ended December 31, 2022 SinoMedia Holding Limited at its AGM held on 12 June 2023, approved to declare a final dividend of 4.50 Hong Kong cents per ordinary share of the Company for the year ended 31 December 2022 to be paid out of the distributable profits to the shareholders of the Company whose names appear on the register of members of the Company on 21 June 2023. Upcoming Dividend • Jun 08
Upcoming dividend of HK$0.045 per share at 5.0% yield Eligible shareholders must have bought the stock before 15 June 2023. Payment date: 12 July 2023. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 5.0%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (7.7%). Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: CN¥0.09 (vs CN¥0.08 in FY 2021) Full year 2022 results: EPS: CN¥0.09 (up from CN¥0.08 in FY 2021). Revenue: CN¥719.5m (down 39% from FY 2021). Net income: CN¥41.4m (up 12% from FY 2021). Profit margin: 5.7% (up from 3.1% in FY 2021). 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 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 30
First half 2022 earnings released: CN¥0.048 loss per share (vs CN¥0.087 profit in 1H 2021) First half 2022 results: CN¥0.048 loss per share (down from CN¥0.087 profit in 1H 2021). Revenue: CN¥352.7m (down 42% from 1H 2021). Net loss: CN¥22.4m (down 155% from profit in 1H 2021). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 06
Upcoming dividend of HK$0.04 per share Eligible shareholders must have bought the stock before 13 June 2022. Payment date: 08 July 2022. Payout ratio is a comfortable 40% and the cash payout ratio is 86%. Trailing yield: 4.0%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (4.6%). Reported Earnings • Apr 28
Full year 2021 earnings released: EPS: CN¥0.08 (vs CN¥0.18 in FY 2020) Full year 2021 results: EPS: CN¥0.08 (down from CN¥0.18 in FY 2020). Revenue: CN¥1.18b (flat on FY 2020). Net income: CN¥37.1m (down 57% from FY 2020). Profit margin: 3.1% (down from 7.4% in FY 2020). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 30
Full year 2021 earnings released: EPS: CN¥0.08 (vs CN¥0.18 in FY 2020) Full year 2021 results: EPS: CN¥0.08 (down from CN¥0.18 in FY 2020). Revenue: CN¥1.18b (flat on FY 2020). Net income: CN¥37.1m (down 57% from FY 2020). Profit margin: 3.1% (down from 7.4% in FY 2020). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 03
First half 2021 earnings released: EPS CN¥0.087 (vs CN¥0.025 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CN¥603.0m (up 11% from 1H 2020). Net income: CN¥40.7m (up 228% from 1H 2020). Profit margin: 6.7% (up from 2.3% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 04
Upcoming dividend of HK$0.09 per share Eligible shareholders must have bought the stock before 11 June 2021. Payment date: 09 July 2021. Trailing yield: 8.2%. Within top quartile of Hong Kong dividend payers (5.9%). Higher than average of industry peers (4.4%). Reported Earnings • Apr 25
Full year 2020 earnings released: EPS CN¥0.18 (vs CN¥0.054 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: CN¥1.18b (down 21% from FY 2019). Net income: CN¥87.2m (up 230% from FY 2019). Profit margin: 7.4% (up from 1.8% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS CN¥0.18 (vs CN¥0.054 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: CN¥1.18b (down 21% from FY 2019). Net income: CN¥87.2m (up 230% from FY 2019). Profit margin: 7.4% (up from 1.8% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Feb 17
New 90-day high: HK$1.02 The company is up 15% from its price of HK$0.89 on 19 November 2020. The Hong Kong market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 50% over the same period. Is New 90 Day High Low • Jan 20
New 90-day high: HK$0.94 The company is up 6.0% from its price of HK$0.89 on 22 October 2020. The Hong Kong market is up 19% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Media industry, which is down 5.0% over the same period. Is New 90 Day High Low • Nov 05
New 90-day low: HK$0.85 The company is down 9.0% from its price of HK$0.93 on 07 August 2020. The Hong Kong market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 6.0% over the same period. Is New 90 Day High Low • Oct 16
New 90-day low: HK$0.86 The company is down 9.0% from its price of HK$0.95 on 17 July 2020. The Hong Kong market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 7.0% over the same period. Is New 90 Day High Low • Sep 30
New 90-day low: HK$0.90 The company is down 2.0% from its price of HK$0.92 on 02 July 2020. The Hong Kong market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 2.0% over the same period.