Reported Earnings • Apr 28
Full year 2025 earnings released: EPS: CN¥0.071 (vs CN¥0.13 in FY 2024) Full year 2025 results: EPS: CN¥0.071 (down from CN¥0.13 in FY 2024). Revenue: CN¥1.22b (down 10.0% from FY 2024). Net income: CN¥51.6m (down 46% from FY 2024). Profit margin: 4.2% (down from 7.1% in FY 2024). Recent Insider Transactions • Apr 17
Executive Director recently bought HK$78k worth of stock On the 13th of April, Yu Tao bought around 250k shares on-market at roughly HK$0.31 per share. This transaction amounted to 5.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Mar 28
Full year 2025 earnings released: EPS: CN¥0.071 (vs CN¥0.13 in FY 2024) Full year 2025 results: EPS: CN¥0.071 (down from CN¥0.13 in FY 2024). Revenue: CN¥1.22b (down 10.0% from FY 2024). Net income: CN¥51.6m (down 46% from FY 2024). Profit margin: 4.2% (down from 7.1% in FY 2024). The decrease in margin was driven by lower revenue. Announcement • Mar 27
Starjoy Wellness and Travel Company Limited, Annual General Meeting, May 22, 2026 Starjoy Wellness and Travel Company Limited, Annual General Meeting, May 22, 2026. Announcement • Mar 13
Starjoy Wellness and Travel Company Limited to Report Fiscal Year 2025 Results on Mar 27, 2026 Starjoy Wellness and Travel Company Limited announced that they will report fiscal year 2025 results on Mar 27, 2026 Reported Earnings • Aug 31
First half 2025 earnings released: EPS: CN¥0.034 (vs CN¥0.11 in 1H 2024) First half 2025 results: EPS: CN¥0.034 (down from CN¥0.11 in 1H 2024). Revenue: CN¥610.9m (down 13% from 1H 2024). Net income: CN¥25.0m (down 69% from 1H 2024). Profit margin: 4.1% (down from 12% in 1H 2024). New Risk • Aug 29
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: 3.1% Last year net profit margin: 12% 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: Major Risk Earnings have declined by 4.5% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.1% net profit margin). Market cap is less than US$100m (HK$399.4m market cap, or US$51.3m). Announcement • Aug 18
Starjoy Wellness and Travel Company Limited to Report First Half, 2025 Results on Aug 28, 2025 Starjoy Wellness and Travel Company Limited announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • May 27
Starjoy Wellness and Travel Company Limited Approves Final Dividend for the Year Ended December 31, 2024 Starjoy Wellness and Travel Company Limited at the annual general meeting held on 27 May 2025 and approved to declare a final dividend at the rate of RMB 0.0265 per share for the year ended 31 December 2024. Upcoming Dividend • May 22
Upcoming dividend of HK$0.029 per share Eligible shareholders must have bought the stock before 29 May 2025. Payment date: 20 June 2025. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 5.2%. Lower than top quartile of Hong Kong dividend payers (7.7%). In line with average of industry peers (5.2%). Announcement • Apr 17
Starjoy Wellness and Travel Company Limited Proposes Final Dividend for the Year Ended December 31, 2024 Starjoy Wellness and Travel Company Limited at its meeting to be held on May 27, 2025 proposed a final dividend at the rate of RMB 0.0265 per share for the year ended 31 December 2024. New Risk • Mar 27
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 5.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.5% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (HK$406.7m market cap, or US$52.3m). Announcement • Mar 26
Starjoy Wellness and Travel Company Limited announces Annual dividend, payable on June 20, 2025 Starjoy Wellness and Travel Company Limited announced Annual dividend of HKD 0.0287 per share payable on June 20, 2025, ex-date on May 29, 2025 and record date on May 30, 2025. Reported Earnings • Mar 26
Full year 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.22 in FY 2023) Full year 2024 results: EPS: CN¥0.13 (down from CN¥0.22 in FY 2023). Revenue: CN¥1.36b (down 13% from FY 2023). Net income: CN¥96.2m (down 39% from FY 2023). Profit margin: 7.1% (down from 10% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Announcement • Mar 25
Starjoy Wellness and Travel Company Limited, Annual General Meeting, May 27, 2025 Starjoy Wellness and Travel Company Limited, Annual General Meeting, May 27, 2025. Announcement • Mar 13
Starjoy Wellness and Travel Company Limited to Report Fiscal Year 2024 Results on Mar 25, 2025 Starjoy Wellness and Travel Company Limited announced that they will report fiscal year 2024 results on Mar 25, 2025 New Risk • Jan 06
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 12% 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 Risk Earnings have declined by 7.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (HK$428.5m market cap, or US$55.1m). Reported Earnings • Aug 29
First half 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.087 in 1H 2023) First half 2024 results: EPS: CN¥0.11 (up from CN¥0.087 in 1H 2023). Revenue: CN¥700.0m (down 11% from 1H 2023). Net income: CN¥81.6m (up 29% from 1H 2023). Profit margin: 12% (up from 8.0% in 1H 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. Announcement • Aug 15
Starjoy Wellness and Travel Company Limited to Report First Half, 2024 Results on Aug 26, 2024 Starjoy Wellness and Travel Company Limited announced that they will report first half, 2024 results on Aug 26, 2024 Announcement • Jul 28
Bao Yi LPF acquired 29.90% stake in Starjoy Wellness and Travel Company Limited (SEHK:3662) from Best Discovery International Limited. Bao Yi LPF acquired 29.90% stake in Starjoy Wellness and Travel Company Limited (SEHK:3662) from Best Discovery International Limited on July 25, 2024.
Bao Yi LPF completed the acquisition of 29.90% stake in Starjoy Wellness and Travel Company Limited (SEHK:3662) from Best Discovery International Limited on July 25, 2024. Announcement • Mar 28
Starjoy Wellness and Travel Company Limited, Annual General Meeting, May 30, 2024 Starjoy Wellness and Travel Company Limited, Annual General Meeting, May 30, 2024. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.22 in FY 2022) Full year 2023 results: EPS: CN¥0.22 (down from CN¥0.22 in FY 2022). Revenue: CN¥1.56b (down 4.1% from FY 2022). Net income: CN¥157.1m (down 2.0% from FY 2022). Profit margin: 10% (in line with FY 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 57% per year, which means it is performing significantly worse than earnings. Announcement • Mar 16
Starjoy Wellness and Travel Company Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 Starjoy Wellness and Travel Company Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 Board Change • Oct 27
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, none were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non Executive Director Clement Hung was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Oct 21
Aoyuan Healthy Life Group Company Limited Announces Board Changes The board of directors of Aoyuan Healthy Life Group Company Limited announced that with effect from 20 October 2023: Mr. Li Huiqiang has been appointed as the chairman of the Board,a non-executive Director, and the chairman of the nomination committee of the Company (Nomination Committee), and is responsible for providing opinion on the overall management and strategic planning to the Board; Ms. Jiang Nan has been appointed as a non-executive Director and is responsible for providing opinion to the Board in connection with the property management operation and the recent development on the property management services; and Mr. Cheng Siu Fai, an executive Director, has resigned as the chairman of the Nomination Committee. Mr. Li, aged 51, obtained an Executive Master of Business Administration at Jinan University in 2016. As of the date of this announcement, Mr. Li holds interests in NanYue StarBridge LPF. Mr. Li is also a director and is holding the entire issued share capital of (a) Zhong Xin Global Limited, being the limited partner of NanYue StarBridge LPF, and (b) StarBridge Hong Kong Limited, being the general partner of NanYue StarBridge LPF. Mr. Li is an engineer with over 20 years of experience. Mr. Li served as a managing director of Chenhui Construction Engineering Group Co. Ltd. from 2015 to 2020 and a general manager of Guangzhou Panyu Qiaoxing Construction and Installation Engineering Co. Ltd. from 2000 to 2014. Ms. Jiang, aged 42, graduated from the Department of Literature and Arts at Beijing Broadcasting Institute (currently Communication University of China) in 2004 with a Bachelor of Radio and Television Production and Directing. She has over 19 years of experience in corporate management. Since March 2016, Ms. Jiang served as the general manager of Perrier Health Management Limited. From September 2004 to February 2016, Ms. Jiang served as the general manager of Guangzhou Panyu Jinsui Auto Parts Plant. With effect from 20 October 2023, Mr. Cheng has resigned as the chairman of the Nomination Committee. Mr. Cheng has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation as the chairman of the Nomination Committee that needs to be brought to the attention of the shareholders of the Company and the Stock Exchange. Following the above change and the appointment of Mr. Li, the Nomination Committee comprises Mr. Li as the chairman, Mr. Hung Ka Hai Clement, Dr. Li Zijun and Mr. Wang Shao, being the independent non-executive Directors, as the members. New Risk • Sep 21
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 70% 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 Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 17% per year over the past 5 years. High level of non-cash earnings (70% accrual ratio). Minor Risk Market cap is less than US$100m (HK$392.2m market cap, or US$50.1m). Reported Earnings • Aug 30
First half 2023 earnings released: EPS: CN¥0.087 (vs CN¥0.068 in 1H 2022) First half 2023 results: EPS: CN¥0.087 (up from CN¥0.068 in 1H 2022). Revenue: CN¥786.5m (down 7.1% from 1H 2022). Net income: CN¥63.2m (up 28% from 1H 2022). Profit margin: 8.0% (up from 5.8% in 1H 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has fallen by 53% per year, which means it is performing significantly worse than earnings. Announcement • Aug 22
Aoyuan Healthy Life Group Company Limited Provides Consolidated Earnings Guidance for the Six Months Ended 30 June 2023 Aoyuan Healthy Life Group Company Limited provided consolidated earnings guidance for the six months ended 30 June 2023. For the period, the Group is expected to record an increase of not less than 30% in the net profit for the six months ended 30 June 2023 as compared with the same period last year. Such increase was primarily attributable to (a) the decrease in impairment losses under expected credit loss model and (b) significant decrease in costs and expenses through upgrading internal management and reducing unnecessary expenditures during the period. Announcement • Aug 18
Aoyuan Healthy Life Group Company Limited to Report First Half, 2023 Results on Aug 28, 2023 Aoyuan Healthy Life Group Company Limited announced that they will report first half, 2023 results on Aug 28, 2023 New Risk • Aug 03
New major risk - Revenue and earnings growth Earnings have declined by 25% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 25% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$769.8m market cap, or US$98.7m). Announcement • May 19
Aoyuan Healthy Life Group Company Limited, Annual General Meeting, Jul 25, 2023 Aoyuan Healthy Life Group Company Limited, Annual General Meeting, Jul 25, 2023. Announcement • Feb 17
Aoyuan Healthy Life Group Company Limited Announces Change of Non-Executive Director and Change in Composition of Board Committees The board of directors of Aoyuan Healthy Life Group Company Limited announced that Mr. Guo Zining has tendered his resignation and ceased to act as the non-executive Director, the chairman of the Board, a member of the remuneration committee of the Company (the "Remuneration Committee"), the chairman of the nomination committee of the Company with effect from 16 February 2023 due to his other business commitments. The Board announced that Mr. Zhu Yunfan has been appointed as a non-executive Director with effect from 16 February 2023 and is responsible for supervising the overall management, investment and financing of the Group, and providing professional opinion to the Board to enhance the Group's internal control and financial management. The biographical details of Mr. Zhu are as follows: Mr. Zhu, aged 49, has over 20 years of experience in banking, finance and management. Mr. Zhu is the chairman of Guangdong Xinhuo Industrial Group Co. Ltd. since June 2009. Prior to joining the Group, during the period from July 2016 to June 2022, Mr. Zhu served as the Chief Secretary of Financial Development Research Society of Guang Dong during the period from March 2015 to November 2018, Mr. Zhu served as the President of KEB Hana Bank (China) Company Limited during the period from October 2013 to February 2015, Mr. Zhu served as the Chairman of Guangzhou Shiwai Gaoren Sports Development Co. Ltd. during the period from April 2006 to October 2013, Mr. Zhu assumed a number of roles in Guangzhou Rural Commercial Bank where his last positions therein was the President of Sub-branch and General Manager of Agricultural Finance Division; during the period from August 1996 to July 2005, Mr. Zhu assumed a number of roles in Shenzhen Development Bank Guangzhou Branch (currently known as Ping An Bank Co. Ltd., where his last position therein was President of China Plaza Sub-branch. Mr. Zhu obtained a Doctor of Business Administration and a Master of Business Administration in October 2007 and in June 2004 respectively both from Macau University of Science and Technology and he has attained a Bachelor of Economic Management from College of The Central Committee of the Communist Party of China in December 2000 and graduated from Guangzhou Finance College (currently known as Guangdong University of Finance in June 1996, majoring in International Finance. Following Mr. Guo's resignation, Mr. Guo has also ceased to be a member of the Remuneration Committee, the chairman of the Nomination Committee and Mr. Cheng Siu Fai the existing executive Director, has been appointed as a member of the Remuneration Committee, the chairman of the Nomination Committee and the Authorised Representative in replace of Mr. Guo with effect from 16 February 2023. Announcement • Dec 10
Aoyuan Healthy Life Group Company Limited Provides Earnings Guidance for the Year Ended 31 December 2021 Aoyuan Healthy Life Group Company Limited provided earnings guidance for the year ended 31 December 2021. it is expected the Group will record an estimated net loss of not exceeding RMB 200 million for the year ended 31 December 2021. The Board considers that the loss was primarily attributable to reasons including (a) the unstable real estate market in the People's Republic of China (the "PRC") and the negative implications on the operating environment generally faced by the property developers in the PRC, particularly in 2021; and (b) the provision for expected credit impairment due to the increase in the recoverability risks of the trade and other receivables of the Group. Announcement • Jul 26
Aoyuan Healthy Life Group Company Limited, Annual General Meeting, Aug 24, 2022 Aoyuan Healthy Life Group Company Limited, Annual General Meeting, Aug 24, 2022, at 14:00 China Standard Time. Location: Event Room 1&2, Lower Ground Floor, New World Millennium Hong Kong Hotel, 72 Mody Road, Tsim Sha Tsui East Kowloon Hong Kong Agenda: To re-election of retiring Directors; to consider the granting to the Directors of the Share Repurchase Mandate to repurchase Shares, the Issuance Mandate to issue Shares and the extension of the Issuance Mandate to include number of Shares repurchased under the Share Repurchase Mandate; to approve the receiving, consideration and adoption of the audited consolidated financial statements of the Group and the reports of the Directors and the Auditors for the financial year ended 31 December 2021 and to approve re-appointment of the Auditors and the fixing of their remuneration; and to consider other matters. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improved over the past week After last week's 15% share price gain to HK$2.02, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 5x in the Real Estate industry in Hong Kong. Total loss to shareholders of 59% over the past three years. Announcement • Mar 23
Aoyuan Healthy Life Group Company Limited to Report Fiscal Year 2021 Results on Mar 31, 2022 Aoyuan Healthy Life Group Company Limited announced that they will report fiscal year 2021 results on Mar 31, 2022 Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 15% share price decline to HK$1.97, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 5x in the Real Estate industry in Hong Kong. Total loss to shareholders of 56% over the past year. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment deteriorated over the past week After last week's 18% share price decline to HK$2.44, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 5x in the Real Estate industry in Hong Kong. Total loss to shareholders of 49% over the past year. Executive Departure • Nov 29
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended after 3.5 years in the role. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 29
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended after 3.5 years in the role. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 29
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended after 3.5 years in the role. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended after 3.5 years in the role. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended after 3.5 years in the role. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended after 3.5 years in the role. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended after 3.5 years in the role. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended after 3.5 years in the role. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended after 3.5 years in the role. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended after 3.5 years in the role. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended after 3.5 years in the role. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 28
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended after 3.5 years in the role. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended after 3.5 years in the role. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended after 3.5 years in the role. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended after 3.5 years in the role. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended after 3.5 years in the role. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended after 3.5 years in the role. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 27
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended after 3.5 years in the role. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 26
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended after 3.5 years in the role. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 26
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended after 3.5 years in the role. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 26
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended after 3.5 years in the role. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 26
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended after 3.5 years in the role. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 26
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended after 3.5 years in the role. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 26
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended after 3.5 years in the role. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 26
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended after 3.5 years in the role. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 26
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended after 3.5 years in the role. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 26
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended after 3.5 years in the role. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Nov 26
Executive Director Yu Tao has left the company On the 25th of November, Yu Tao's tenure as Executive Director ended after 3.5 years in the role. As of September 2021, Yu still personally held 600.00k shares (HK$2.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.21 years, which is considered inexperienced in the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to HK$3.72, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Real Estate industry in Hong Kong. Total loss to shareholders of 29% over the past year. 
