Announcement • Mar 19
Many Idea Cloud Holdings Limited to Report Fiscal Year 2025 Results on Mar 31, 2026 Many Idea Cloud Holdings Limited announced that they will report fiscal year 2025 results on Mar 31, 2026 Announcement • Mar 06
Many Idea Cloud Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 December 2025 Many Idea Cloud Holdings Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2025. For the period, it is expected that the Group would record a loss attributable to the shareholders of the Company of not less than approximately RMB 270 million for FY2025, as compared to the loss attributable to the shareholders of the Company of approximately RMB 186 million for the year ended 31 December 2024. The expected increase in loss for FY2025 is mainly due to, amongst others, (i) the decrease in gross profit during FY2025 primarily resulting from the increase in cost of sale; and (ii) the increase in administrative expenses which comprise research and development expenses. As at the date of this announcement, the Company is still in the process of finalizing its results for FY2025. The information contained in this announcement is only a preliminary assessment by the Board based on the unaudited consolidated management accounts of the Group and the information currently available to the Board, which has not been audited or reviewed by the Company's independent auditors or the audit committee of the Board and may be subject to adjustments. Details of the Group's annual results for FY2025 will be disclosed in the annual results announcement of the Company, which is expected to be published by the end of March 2026. New Risk • Jan 05
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 Earnings have declined by 72% per year over the past 5 years. Shareholders have been substantially diluted in the past year (41% increase in shares outstanding). Market cap is less than US$10m (HK$69.1m market cap, or US$8.88m). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Announcement • Sep 05
Many Idea Cloud Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 273.7728 million. Many Idea Cloud Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 273.7728 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 576,000,000
Price\Range: HKD 0.4753
Transaction Features: Rights Offering Reported Earnings • Sep 04
First half 2025 earnings released: CN¥0.81 loss per share (vs CN¥0.15 profit in 1H 2024) First half 2025 results: CN¥0.81 loss per share (down from CN¥0.15 profit in 1H 2024). Revenue: CN¥1.02b (up 22% from 1H 2024). Net loss: CN¥60.6m (down CN¥67.8m from profit in 1H 2024). Announcement • Aug 19
Many Idea Cloud Holdings Limited to Report First Half, 2025 Results on Aug 29, 2025 Many Idea Cloud Holdings Limited announced that they will report first half, 2025 results on Aug 29, 2025 New Risk • Jul 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 41% 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 Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (41% increase in shares outstanding). Market cap is less than US$10m (HK$68.2m market cap, or US$8.68m). Announcement • Jul 21
Many Idea Cloud Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 9.6 million. Many Idea Cloud Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 9.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,000,000
Price\Range: HKD 0.6 Announcement • Jul 12
Many Idea Cloud Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 9.6 million. Many Idea Cloud Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 9.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,000,000
Price\Range: HKD 0.6 Announcement • Jun 27
Many Idea Cloud Holdings Limited Announces Board and Committee Changes Many Idea Cloud Holdings Limited at its annual general meeting held on 27 June 2025, approved to appoint Ms. Zhou Yan as an independent non- executive Director, with effect from 27 June 2025. The Board also announced the retirement of the Directors as follows: Ms. Wong Yan Ki: Ms. Wong has retired by rotation from the office of INED in accordance with the Articles of Association and has decided not to offer herself for re-election at the AGM in order to devote more time for pursuing her other business commitments. Accordingly, Ms. Wong has ceased to act as an INED with effect from the conclusion of the AGM. Ms. Wong has also ceased to act as the chairman of the audit committee (the ‘Audit Committee’) of the Board and a member of each of the nomination committee (the ‘Nomination Committee’) and the remuneration committee (the ‘Remuneration Committee’) of the Board. Ms. Wong has confirmed that she has no disagreement with the Board and there are no other matters that need to be brought to the attention of the shareholders of the Company (the ‘Shareholders’) or the Stock Exchange with regard to her retirement. Ms. Xiao Huilin: Ms. Xiao has retired by rotation from the office of INED in accordance with the Articles of Association and has decided not to offer herself for re-election at the AGM due to her other personal pursuits. Accordingly, Ms. Xiao has ceased to act as an INED with effect from the conclusion of the AGM. Ms. Xiao has confirmed that she has no disagreement with the Board and there are no other matters that need to be brought to the attention of the Shareholders and the Stock Exchange with regard to her retirement. Ms. Zhou, aged 35, has over 8 years of experience in the areas of accounting, audit and investment banking. From September 2015 to January 2020, she served as Senior Associate of Assurance at PricewaterhouseCoopers Hong Kong. From November 2020 to August 2021, she worked as Assistant Vice President of Central China International Capital Limited, a Hong Kong incorporated company focusing on corporate finance and capital market practices. From December 2021 to March 2023, she served as Assistant Vice President of Dongxing Securities (Hong Kong) Co. Ltd., a Hong Kong incorporated company focusing on securities and financial services. She is currently an Assistant Vice President of Equity Capital Market of Dongxing Securities (Hong Kong) Co. Ltd., a Hong Kong incorporated company focusing on securities and financial services. Ms. Zhou obtained a Master of Science in Accountancy from The Hong Kong Polytechnic University in October 2014 and a Bachelor Degree of Financial Management from Xiamen University Tan Kah Kee College in June 2013. She is a practicing member of The Hong Kong Institute of Certified Public Accountants. The Board is also pleased to announce that Ms. Liu Hong (‘Ms. Liu’) has been redesignated from a non-executive Director to an executive Director with effect from 27 June 2025. Ms. Liu, aged 30, was appointed as a non-executive Director on 10 January 2024. Ms. Liu is primarily responsible for advising the business and corporate strategies of the Group, in particular, the application of the Group's IP content resources into the areas of tourism, and hotel and hospitality management. Ms. Liu has over 7 years of experience in corporate and enterprise management. Since February 2016, she has been an executive director and investor of Guiyang Dunxilu Tourism Co. Ltd., a company established in the People's Republic of China (the ‘PRC’) with business focus on, amongst others, tourism, catering and catering management. She is currently an investor of Guangdong Huaminghui Culture and Art Co. Ltd., a company established in the PRC with business focus on, amongst others, culture and arts exchange activities, management of cultural venues and provision of exhibition and conferencing services. She has been appointed as the vice president of the PRC area of Versailles Hotel Chain Management Co. Ltd., a company established in the PRC with hotel operation in the PRC, since July 2023. Ms. Liu obtained the advanced diploma in Business and Administration conferred by Excel London College (Shatin), Hong Kong in January 2024. Change in composition of board committee: The Board announced that following the change of INED as disclosed above, the composition of the Audit Committee, Remuneration Committee and Nomination Committee has been changed as follows with effect from 27 June 2025: Ms. Wong has ceased to act as the chairman of the Audit Committee and a member of each of the Nomination Committee and the Remuneration Committee; and Ms. Zhou has been appointed to act as the chairman of the Audit Committee and a member of each of the Nomination Committee and the Remuneration Committee. Reported Earnings • Apr 26
Full year 2024 earnings released: CN¥3.17 loss per share (vs CN¥0.83 profit in FY 2023) Full year 2024 results: CN¥3.17 loss per share (down from CN¥0.83 profit in FY 2023). Revenue: CN¥1.79b (up 50% from FY 2023). Net loss: CN¥185.5m (down CN¥218.6m from profit in FY 2023). New Risk • Apr 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$59.8m (US$7.71m) This is considered a major 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 Share price has been highly volatile over the past 3 months (31% average weekly change). Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (70% increase in shares outstanding). Market cap is less than US$10m (HK$59.8m market cap, or US$7.71m). Reported Earnings • Mar 22
Full year 2024 earnings released: CN¥0.16 loss per share (vs CN¥0.83 profit in FY 2023) Full year 2024 results: CN¥0.16 loss per share (down from CN¥0.83 profit in FY 2023). Revenue: CN¥1.79b (up 50% from FY 2023). Net loss: CN¥185.5m (down CN¥218.6m from profit in FY 2023). Announcement • Mar 21
Many Idea Cloud Holdings Limited, Annual General Meeting, Jun 27, 2025 Many Idea Cloud Holdings Limited, Annual General Meeting, Jun 27, 2025. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to HK$3.16, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 10x in the Media industry in Hong Kong. Total loss to shareholders of 27% over the past year. Announcement • Mar 11
Many Idea Cloud Holdings Limited to Report Fiscal Year 2024 Results on Mar 21, 2025 Many Idea Cloud Holdings Limited announced that they will report fiscal year 2024 results on Mar 21, 2025 Board Change • Feb 26
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Huilin Xiao was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 7.9% After last week's 7.9% share price gain to HK$4.90, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 10x in the Media industry in Hong Kong. Total returns to shareholders of 59% over the past year. New Risk • Feb 12
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$16.7m (US$2.14m) This is considered a major 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 Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 9.2% per year over the past 5 years. High level of non-cash earnings (36% accrual ratio). Shareholders have been substantially diluted in the past year (70% increase in shares outstanding). Market cap is less than US$10m (HK$16.7m market cap, or US$2.14m). Minor Risks Profit margins are more than 30% lower than last year (1.1% net profit margin). Significant insider selling over the past 3 months (HK$52m sold). New Risk • Jan 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 17% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 9.2% per year over the past 5 years. High level of non-cash earnings (36% accrual ratio). Shareholders have been substantially diluted in the past year (70% increase in shares outstanding). Minor Risks Profit margins are more than 30% lower than last year (1.1% net profit margin). Significant insider selling over the past 3 months (HK$52m sold). Market cap is less than US$100m (HK$301.9m market cap, or US$38.8m). New Risk • Nov 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 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 Earnings have declined by 9.2% per year over the past 5 years. High level of non-cash earnings (36% accrual ratio). Shareholders have been substantially diluted in the past year (70% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Profit margins are more than 30% lower than last year (1.1% net profit margin). Significant insider selling over the past 3 months (HK$52m sold). Market cap is less than US$100m (HK$387.6m market cap, or US$49.8m). Announcement • Nov 23
Four undisclosed buyers acquired 22.06% stake in Many Idea Cloud Holdings Limited (SEHK:6696) from Many Idea Liujianhui Limited for HKD 49.8 million. Four undisclosed buyers acquired 22.06% stake in Many Idea Cloud Holdings Limited (SEHK:6696) from Many Idea Liujianhui Limited for HKD 49.8 million on November 22, 2024. A cash consideration valued at HKD 0.166 per share will be paid for 300 million shares.
Four undisclosed buyers completed the acquisition of 22.06% stake in Many Idea Cloud Holdings Limited (SEHK:6696) from Many Idea Liujianhui Limited on November 22, 2024. Reported Earnings • Sep 30
First half 2024 earnings released: EPS: CN¥0.007 (vs CN¥0.026 in 1H 2023) First half 2024 results: EPS: CN¥0.007 (down from CN¥0.026 in 1H 2023). Revenue: CN¥839.3m (up 192% from 1H 2023). Net income: CN¥7.19m (down 65% from 1H 2023). Profit margin: 0.9% (down from 7.1% in 1H 2023). The decrease in margin was driven by higher expenses. Announcement • Aug 20
Many Idea Cloud Holdings Limited to Report First Half, 2024 Results on Aug 30, 2024 Many Idea Cloud Holdings Limited announced that they will report first half, 2024 results on Aug 30, 2024 New Risk • Jul 24
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 High level of non-cash earnings (63% accrual ratio). Shareholders have been substantially diluted in the past year (70% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (2.8% net profit margin). Market cap is less than US$100m (HK$257.0m market cap, or US$32.9m). New Risk • Jul 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 70% 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 Risks High level of non-cash earnings (63% accrual ratio). Shareholders have been substantially diluted in the past year (70% increase in shares outstanding). Minor Risks Profit margins are more than 30% lower than last year (2.8% net profit margin). Market cap is less than US$100m (HK$212.2m market cap, or US$27.2m). Announcement • Apr 19
Many Idea Cloud Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 60 million. Many Idea Cloud Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 60 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 400,000,000
Price\Range: HKD 0.15
Discount Per Security: HKD 0.00375
Transaction Features: Rights Offering New Risk • Apr 10
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: 2.8% Last year net profit margin: 14% 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 Share price has been volatile over the past 3 months (13% average weekly change). Profit margins are more than 30% lower than last year (2.8% net profit margin). Market cap is less than US$100m (HK$160.0m market cap, or US$20.4m). New Risk • Apr 06
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (56% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (HK$166.4m market cap, or US$21.3m). Announcement • Mar 21
Many Idea Cloud Holdings Limited, Annual General Meeting, Jun 21, 2024 Many Idea Cloud Holdings Limited, Annual General Meeting, Jun 21, 2024. Announcement • Mar 09
Many Idea Cloud Holdings Limited to Report Fiscal Year 2023 Results on Mar 20, 2024 Many Idea Cloud Holdings Limited announced that they will report fiscal year 2023 results on Mar 20, 2024 Announcement • Feb 28
Many Idea Cloud Holdings Limited Announces Executive Changes Many Idea Cloud Holdings Limited announced that Ms. Tang Wing Shan has resigned as company secretary. The company appointed Ms. Chan Yuen Mui as Company Secretary, effect from 26 February 2024. Ms. Chan has over 15 years of experience in corporate secretarial and commercial administration fields. She obtained Bachelor of Business Administration degree with Honours from Hong Kong Baptist University and a Master of Corporate Governance degree from The Hong Kong Polytechnic University. She is an associate member of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom. New Risk • Jan 19
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 9.8% 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 High level of non-cash earnings (56% accrual ratio). High level of non-cash earnings (56% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Market cap is less than US$100m (HK$129.6m market cap, or US$16.6m). Market cap is less than US$100m (HK$129.6m market cap, or US$16.6m). Announcement • Jan 10
Many Idea Cloud Holdings Limited Announces the Appointment of Liu Hong as Non-Executive Director The board of directors of Many Idea Cloud Holdings Limited announced that with effect from 10 January 2024, Ms. Liu Hong has been appointed as a non-executive Director. The biographical details of Ms. Liu are as follows: Ms. Liu, aged 29, has over 7 years of experience in corporate and enterprise management. Since February 2016, she has been an executive director and investor of Guiyang Dunxilu Tourism Co. Ltd., a company established in the People’s Republic of China (the “PRC”) with business focus on, amongst others, tourism, catering and catering management. She is currently an investor of Guangdong Huaminghui Culture and Art Co. Ltd. She has been appointed as the vice president of the PRC area of Versailles Hotel Chain Management Co. Ltd. PRC, since July 2023. Ms. Liu obtained the advanced diploma in Business and Administration conferred by Excel London College (Shatin), Hong Kong in January2024. With her relevant working and management experience, Ms. Liu will be responsible for advising the business and corporate strategies of the Group, in particular, the application of the Group’s IP content resources into the areas of tourism, and hotel and hospitality management. Ms. Liu has entered into a service contract with the Company for a period of three years commencing from 10 January 2024, which can be terminated by either party giving to the other not less than three months’ prior written notice. New Risk • Sep 21
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 56% 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 (56% accrual ratio). Minor Risk Market cap is less than US$100m (HK$252.0m market cap, or US$32.2m). Reported Earnings • Aug 26
First half 2023 earnings released First half 2023 results: EPS: CN¥0.026. Net income: CN¥20.5m (up CN¥20.5m from 1H 2022). Announcement • Aug 16
Many Idea Cloud Holdings Limited to Report First Half, 2023 Results on Aug 25, 2023 Many Idea Cloud Holdings Limited announced that they will report first half, 2023 results on Aug 25, 2023 Reported Earnings • Mar 30
Full year 2022 earnings released Full year 2022 results: Revenue: CN¥498.3m (up 41% from FY 2021). Net income: CN¥67.7m (up 21% from FY 2021). Profit margin: 14% (down from 16% in FY 2021). Announcement • Feb 16
Many Idea Cloud Holdings Limited Appoints Xiao Huilin as an Independent Non-Executive Director The board of directors of Many Idea Cloud Holdings Limited announced that with effect from 15 February 2023, Ms. Xiao Huilin has been appointed as an independent non-executive Director. The biographical details of Ms. Xiao are as follows: Ms. Xiao, aged 44, received her Bachelor of Arts (Literature) from Beijing Foreign Studies University, PRC in 2002, a Master of Philosophy in Economics (MPhil) and a Doctor of Philosophy in International Business from The University of Sydney, Australia in 2005 and 2008, respectively. She then became a postdoctoral research fellow in the City University of Hong Kong from 2010 to 2011, where she was responsible for, amongst others, researching on the unparalleled opportunities of international trade and commerce and investment along the Belt and Road Initiative. Ms. Xiao is currently an associate professor of School of Business Administration at Southwestern University of Finance and Economics. Ms. Xiao has extensive knowledge and experience in international trade and commerce and investment. She was an associate dean of the School of International Development and Cooperation at University International Business and Economics from June 2020 to November 2021. From March 2004 to March 2006 and from March 2008 to December 2009, she was a part-time researcher and a research assistant at the Organisation for Economic Co-operation and Development (OECD) and the Faculty of Business and Law at University of Newcastle, Australia, respectively. Ms. Xiao has published papers in international journals in the field of international business, development and relationships research. Buying Opportunity • Jan 30
Now 28% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be HK$0.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buying Opportunity • Nov 22
Now 34% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be HK$0.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment deteriorated over the past week After last week's 18% share price decline to HK$1.65, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 16x in the Media industry in Hong Kong. Board Change • Nov 16
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). CEO & Chairman of the Board Jianhui Liu is the most experienced director on the board, commencing their role in 2021. Independent Non-Executive Director Angel Wong was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Nov 09
Many Idea Cloud Holdings Limited has completed an IPO in the amount of HKD 313.6 million. Many Idea Cloud Holdings Limited has completed an IPO in the amount of HKD 313.6 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 16,000,000
Price\Range: HKD 1.96
Discount Per Security: HKD 0.098
Security Name: Shares
Security Type: Common Stock
Securities Offered: 5,102,000
Price\Range: HKD 1.96
Discount Per Security: HKD 0.098
Security Name: Shares
Security Type: Common Stock
Securities Offered: 138,898,000
Price\Range: HKD 1.96
Discount Per Security: HKD 0.098
Transaction Features: Regulation S 
