Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Yongping Liu was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 30
Logan Group Company Limited, Annual General Meeting, Jun 11, 2026 Logan Group Company Limited, Annual General Meeting, Jun 11, 2026. Announcement • Mar 18
Logan Group Company Limited to Report Fiscal Year 2025 Results on Mar 30, 2026 Logan Group Company Limited announced that they will report fiscal year 2025 results on Mar 30, 2026 Announcement • Aug 15
Logan Group Company Limited to Report First Half, 2025 Results on Aug 27, 2025 Logan Group Company Limited announced that they will report first half, 2025 results on Aug 27, 2025 Announcement • Mar 17
Logan Group Company Limited to Report Fiscal Year 2024 Results on Mar 27, 2025 Logan Group Company Limited announced that they will report fiscal year 2024 results on Mar 27, 2025 New Risk • Oct 02
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 Risks Debt is not well covered by operating cash flow (7.5% operating cash flow to total debt). Earnings have declined by 57% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Reported Earnings • Aug 31
First half 2024 earnings released: CN¥0.28 loss per share (vs CN¥0.35 loss in 1H 2023) First half 2024 results: CN¥0.28 loss per share (improved from CN¥0.35 loss in 1H 2023). Revenue: CN¥14.1b (up 1.4% from 1H 2023). Net loss: CN¥1.54b (loss narrowed 20% from 1H 2023). Revenue is expected to decline by 27% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Hong Kong are expected to grow by 5.2%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. Announcement • Aug 20
Logan Group Company Limited to Report First Half, 2024 Results on Aug 29, 2024 Logan Group Company Limited announced that they will report first half, 2024 results on Aug 29, 2024 New Risk • Jul 08
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 10% 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 Debt is not well covered by operating cash flow (6.4% operating cash flow to total debt). Earnings have declined by 48% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Announcement • Mar 29
Logan Group Company Limited, Annual General Meeting, Jun 14, 2024 Logan Group Company Limited, Annual General Meeting, Jun 14, 2024. Reported Earnings • Mar 29
Full year 2023 earnings released: CN¥1.62 loss per share (vs CN¥1.56 loss in FY 2022) Full year 2023 results: CN¥1.62 loss per share (further deteriorated from CN¥1.56 loss in FY 2022). Revenue: CN¥47.2b (up 13% from FY 2022). Net loss: CN¥8.93b (loss widened 3.8% from FY 2022). Revenue is expected to decline by 37% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Hong Kong are expected to grow by 6.2%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. Announcement • Mar 19
Logan Group Company Limited to Report Fiscal Year 2023 Final Results on Mar 28, 2024 Logan Group Company Limited announced that they will report fiscal year 2023 final results on Mar 28, 2024 New Risk • Nov 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 33% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Board Change • Oct 11
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Yongping Liu was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 05
Logan Group Company Limited Announces Change of Directors Logan Group Company Limited announced that, each of Mr. Chen Yong and Mr. Zhou Ji has been appointed as an executive director of the Company with effect from 3 October 2023. The biographical details of Mr. Chen and Mr. Zhou are set out below: Mr. Chen, aged 45, was appointed as the vice president of the Group in June 2022, being primarily responsible for the offshore capital and financial management of the Group. Prior to joining the Group, Mr. Chen held various important and senior management positions in many professional institutions and large enterprises including PricewaterhouseCoopers, China Resources Group and CDH Investments, and has extensive experience in corporate financial management, investment and capital management. Mr. Chen is currently a non-practicing member of the Chinese Institute of Certified Public Accountants. He obtained a bachelor's degree in economics from Dongbei University of Finance and Economics in July 2000 and a master's degree in economics from Sun Yat-sen University in 2003. Mr. Zhou, aged 42, was appointed as the vice president of the Group in January 2022, being primarily responsible for the operation management of the Group as well as risk management and legal affairs of the Group. Mr. Zhou joined the Group in February 2021 and has held various positions including the Group's assistant president, general manager of the operations management center, general manager of the marketing center and vice president. Prior to joining the Group, Mr. Zhou worked in Country Garden Group and Longfor Group in various positions including project general manager, investment director and regional general manager. He has extensive experience in real estate investment analysis, project development and management, internal management, etc. Mr. Zhou obtained a bachelor's degree in architecture from Shijiazhuang Tiedao University in 2004. In accordance with Article 83(3) of the Second Amended and Restated Memorandum of Association of the Company, Mr. Chen and Mr. Zhou will hold office until the next following annual general meeting of the Company and will then be eligible for re-election at such meeting respectively. The Board announced that Mr. Zhong Huihong ("Mr. Zhong'') has tendered his resignation as an executive director and a vice president of the Company for devoting more time and dedication to his personal commitments, and Mr. Xiao Xu has tendered his resignation as an executive director and a vice president of the Company and all positions with the Group due to his decision to devote more time to his personal commitments, both with effect from 3 October 2023. Each of Mr. Zhong and Mr. Xiao has confirmed that he has no disagreement with the Board and there are no other matters relating to their resignations that need to be brought to the attention of the holders of securities of the Company. Reported Earnings • Sep 23
First half 2023 earnings released: CN¥0.35 loss per share (vs CN¥0.11 loss in 1H 2022) First half 2023 results: CN¥0.35 loss per share (further deteriorated from CN¥0.11 loss in 1H 2022). Revenue: CN¥13.9b (up 9.7% from 1H 2022). Net loss: CN¥1.91b (loss widened 209% from 1H 2022). Revenue is expected to decline by 18% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Hong Kong are expected to grow by 9.4%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 33 percentage points per year, which is a significant difference in performance. New Risk • Sep 07
New major risk - Revenue and earnings growth Earnings have declined by 33% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. Earnings have declined by 33% per year over the past 5 years. Reported Earnings • Sep 05
First half 2022 earnings released: CN¥0.11 loss per share (vs CN¥1.12 profit in 1H 2021) First half 2022 results: CN¥0.11 loss per share (down from CN¥1.12 profit in 1H 2021). Revenue: CN¥12.6b (down 64% from 1H 2021). Net loss: CN¥619.8m (down 110% from profit in 1H 2021). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 58% per year, which means it is performing significantly worse than earnings. Board Change • Aug 25
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Joe Zhang was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Joe Zhang was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 02
Full year 2021 earnings released: EPS: CN¥1.83 (vs CN¥2.34 in FY 2020) Full year 2021 results: EPS: CN¥1.83 (down from CN¥2.34 in FY 2020). Revenue: CN¥78.3b (up 10% from FY 2020). Net income: CN¥10.0b (down 22% from FY 2020). Profit margin: 13% (down from 18% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 21%, compared to a 14% growth forecast for the industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Buying Opportunity • Feb 25
Now 31% undervalued after recent price drop Over the last 90 days, the stock is down 60%. The fair value is estimated to be CN¥4.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% per annum over the last 3 years. Earnings per share has grown by 21% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improved over the past week After last week's 22% share price gain to HK$6.67, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 5x in the Real Estate industry in Hong Kong. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$4.59 per share. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment deteriorated over the past week After last week's 18% share price decline to HK$5.84, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 5x in the Real Estate industry in Hong Kong. Total loss to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$4.72 per share. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improved over the past week After last week's 18% share price gain to HK$8.50, 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 returns to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$8.17 per share. Upcoming Dividend • Nov 05
Upcoming dividend of HK$0.49 per share Eligible shareholders must have bought the stock before 12 November 2021. Payment date: 03 December 2021. Trailing yield: 14%. Within top quartile of Hong Kong dividend payers (7.1%). Higher than average of industry peers (5.6%). Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment deteriorated over the past week After last week's 15% share price decline to HK$7.25, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 5x in the Real Estate industry in Hong Kong. Total loss to shareholders of 3.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$12.38 per share. Reported Earnings • Aug 29
First half 2021 earnings released: EPS CN¥1.12 (vs CN¥1.10 in 1H 2020) The company reported a mediocre first half result with weaker profit margins, although earnings were flat and revenues improved. First half 2021 results: Revenue: CN¥35.2b (up 13% from 1H 2020). Net income: CN¥6.10b (flat on 1H 2020). Profit margin: 17% (down from 20% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥8.28, 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 returns to shareholders of 25% over the past three years. Upcoming Dividend • Jun 26
Upcoming dividend of HK$0.58 per share Eligible shareholders must have bought the stock before 02 July 2021. Payment date: 16 July 2021. Trailing yield: 8.5%. Within top quartile of Hong Kong dividend payers (6.0%). Higher than average of industry peers (4.6%). Reported Earnings • Apr 24
Full year 2020 earnings released: EPS CN¥2.34 (vs CN¥2.02 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥71.1b (up 24% from FY 2019). Net income: CN¥12.8b (up 16% from FY 2019). Profit margin: 18% (down from 19% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 27
Full year 2020 earnings released The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥71.1b (up 24% from FY 2019). Net income: CN¥13.0b (up 17% from FY 2019). Profit margin: 18% (down from 19% in FY 2019). The decrease in margin was driven by higher expenses. Is New 90 Day High Low • Feb 25
New 90-day low: HK$11.32 The company is down 13% from its price of HK$13.04 on 27 November 2020. The Hong Kong market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$31.60 per share. Is New 90 Day High Low • Dec 14
New 90-day low: HK$11.70 The company is down 10.0% from its price of HK$12.96 on 16 September 2020. The Hong Kong market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$39.48 per share. Is New 90 Day High Low • Oct 21
New 90-day low: HK$11.94 The company is down 15% from its price of HK$13.98 on 23 July 2020. The Hong Kong market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$34.58 per share. 
