Recent Insider Transactions • Jul 09
MD & Executive Chairman recently bought HK$157k worth of stock On the 2nd of July, Feng Hsu bought around 78k shares on-market at roughly HK$2.02 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$526k. Feng has been a buyer over the last 12 months, purchasing a net total of HK$5.0m worth in shares. Recent Insider Transactions • Jun 26
MD & Executive Chairman recently bought HK$184k worth of stock On the 22nd of June, Feng Hsu bought around 88k shares on-market at roughly HK$2.09 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$526k. Feng has been a buyer over the last 12 months, purchasing a net total of HK$4.9m worth in shares. Recent Insider Transactions • Jun 06
MD & Executive Chairman recently bought HK$127k worth of stock On the 29th of May, Feng Hsu bought around 60k shares on-market at roughly HK$2.12 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$526k. Feng has been a buyer over the last 12 months, purchasing a net total of HK$3.8m worth in shares. Upcoming Dividend • May 20
Upcoming dividend of HK$0.14 per share Eligible shareholders must have bought the stock before 27 May 2026. Payment date: 11 June 2026. Payout ratio is a comfortable 38% but the company is paying out more than the cash it is generating. Trailing yield: 5.7%. Lower than top quartile of Hong Kong dividend payers (6.8%). Higher than average of industry peers (4.0%). Recent Insider Transactions • May 11
MD & Chairman recently bought HK$518k worth of stock On the 6th of May, Feng Hsu bought around 220k shares on-market at roughly HK$2.36 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Feng has been a buyer over the last 12 months, purchasing a net total of HK$1.7m worth in shares. Recent Insider Transactions • Apr 25
MD & Chairman recently bought HK$168k worth of stock On the 17th of April, Feng Hsu bought around 72k shares on-market at roughly HK$2.34 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Feng has been a buyer over the last 12 months, purchasing a net total of HK$247k worth in shares. New Risk • Mar 27
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: 27% Last year net profit margin: 45% 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 Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (27% net profit margin). Reported Earnings • Mar 27
Full year 2025 earnings released: EPS: HK$0.36 (vs HK$0.084 in FY 2024) Full year 2025 results: EPS: HK$0.36 (up from HK$0.084 in FY 2024). Revenue: HK$2.94b (up HK$2.54b from FY 2024). Net income: HK$791.2m (up 348% from FY 2024). Profit margin: 27% (down from 45% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Mar 27
Tomson Group Limited, Annual General Meeting, Jun 04, 2026 Tomson Group Limited, Annual General Meeting, Jun 04, 2026. Announcement • Mar 13
Tomson Group Limited to Report Fiscal Year 2025 Results on Mar 26, 2026 Tomson Group Limited announced that they will report fiscal year 2025 results on Mar 26, 2026 Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent Non-Executive Director Chi Him Ng was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 31
First half 2025 earnings released: EPS: HK$0.36 (vs HK$0.05 in 1H 2024) First half 2025 results: EPS: HK$0.36 (up from HK$0.05 in 1H 2024). Revenue: HK$2.64b (up HK$2.51b from 1H 2024). Net income: HK$782.2m (up HK$678.5m from 1H 2024). Profit margin: 30% (down from 80% in 1H 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Aug 15
Tomson Group Limited to Report First Half, 2025 Results on Aug 27, 2025 Tomson Group Limited announced that they will report first half, 2025 results on Aug 27, 2025 Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to HK$3.32, the stock trades at a trailing P/E ratio of 42.4x. Average trailing P/E is 11x in the Real Estate industry in Hong Kong. Total returns to shareholders of 105% over the past three years. Announcement • Jun 30
Tomson Group Limited Appoints Madam Hsu Feng as Member of the Nomination Committee, Effective June 30, 2025 The Board of Directors of Tomson Group Limited announced that Madam Hsu Feng, an executive Director, the Chairman of the Board and Managing Director of the Company, has been appointed to act as a member of the nomination committee of the Board with effect from 30th June, 2025. Following the above appointment, the Nomination Committee comprises five members, namely Mr. Cheung Siu Ping, Oscar (chairman), Madam Hsu Feng, Mr. Albert Tong, Mr. Lee Chan Fai and Mr. Ng Chi Him. Upcoming Dividend • Apr 21
Upcoming dividend of HK$0.13 per share Eligible shareholders must have bought the stock before 28 April 2025. Payment date: 12 June 2025. Trailing yield: 4.7%. Lower than top quartile of Hong Kong dividend payers (8.0%). Lower than average of industry peers (5.3%). Declared Dividend • Mar 30
Dividend increased to HK$0.13 Dividend of HK$0.13 is 30% higher than last year. Ex-date: 28th April 2025 Payment date: 12th June 2025 Dividend yield will be 4.7%, which is lower than the industry average of 6.6%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 80% to bring the payout ratio under control. However, EPS has declined by 1.0% over the last 5 years so the company would need to reverse this trend. Announcement • Mar 28
Tomson Group Limited, Annual General Meeting, Jun 05, 2025 Tomson Group Limited, Annual General Meeting, Jun 05, 2025. Announcement • Mar 13
Tomson Group Limited to Report Fiscal Year 2024 Results on Mar 27, 2025 Tomson Group Limited announced that they will report fiscal year 2024 results on Mar 27, 2025 Recent Insider Transactions • Jan 04
Executive Vice-Chairman recently bought HK$23m worth of stock On the 30th of December, Albert Tong bought around 10m shares on-market at roughly HK$2.29 per share. This transaction amounted to 3.1% 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 Albert's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to HK$3.17, the stock trades at a trailing P/E ratio of 54.1x. Average trailing P/E is 7x in the Real Estate industry in Hong Kong. Total returns to shareholders of 67% over the past three years. Reported Earnings • Sep 28
First half 2024 earnings released: EPS: HK$0.05 (vs HK$0.01 in 1H 2023) First half 2024 results: EPS: HK$0.05 (up from HK$0.01 in 1H 2023). Revenue: HK$129.6m (down 57% from 1H 2023). Net income: HK$103.7m (up 435% from 1H 2023). Profit margin: 80% (up from 6.4% in 1H 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to HK$2.28, the stock trades at a trailing P/E ratio of 38.9x. Average trailing P/E is 7x in the Real Estate industry in Hong Kong. Total returns to shareholders of 37% over the past three years. Announcement • Aug 15
Tomson Group Limited to Report First Half, 2024 Results on Aug 28, 2024 Tomson Group Limited announced that they will report first half, 2024 results on Aug 28, 2024 Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: HK$0.021 (vs HK$0.009 in FY 2022) Full year 2023 results: EPS: HK$0.021 (up from HK$0.009 in FY 2022). Revenue: HK$513.8m (up 12% from FY 2022). Net income: HK$42.7m (up 149% from FY 2022). Profit margin: 8.3% (up from 3.7% in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Apr 20
Upcoming dividend of HK$0.10 per share Eligible shareholders must have bought the stock before 26 April 2024. Payment date: 13 June 2024. Trailing yield: 6.4%. Lower than top quartile of Hong Kong dividend payers (8.3%). In line with average of industry peers (6.4%). Declared Dividend • Mar 28
Dividend of HK$0.10 announced Shareholders will receive a dividend of HK$0.10. Ex-date: 26th April 2024 Payment date: 13th June 2024 Dividend yield will be 6.5%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (472% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 425% to bring the payout ratio under control. However, EPS has declined by 37% over the last 5 years so the company would need to reverse this trend. Announcement • Mar 27
Tomson Group Limited, Annual General Meeting, Jun 06, 2024 Tomson Group Limited, Annual General Meeting, Jun 06, 2024. Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: HK$0.021 (vs HK$0.009 in FY 2022) Full year 2023 results: EPS: HK$0.021 (up from HK$0.009 in FY 2022). Revenue: HK$513.8m (up 12% from FY 2022). Net income: HK$42.7m (up 149% from FY 2022). Profit margin: 8.3% (up from 3.7% in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Announcement • Mar 26
Tomson Group Limited Interim Dividend for the Year Ended 31St December, 2023, Payable on 13 June 2024 Tomson Group Limited announced Interim Dividend for the year ended 31st December, 2023 of HKD 0.1 per share. Ex-dividend date 26 April 2024; Record date 03 May 2024; Payment date: 13 June 2024. Announcement • Mar 14
Tomson Group Limited to Report Fiscal Year 2023 Results on Mar 26, 2024 Tomson Group Limited announced that they will report fiscal year 2023 results on Mar 26, 2024 Reported Earnings • Aug 29
First half 2023 earnings released: EPS: HK$0.01 (vs HK$0.016 in 1H 2022) First half 2023 results: EPS: HK$0.01 (down from HK$0.016 in 1H 2022). Revenue: HK$304.3m (flat on 1H 2022). Net income: HK$19.4m (down 38% from 1H 2022). Profit margin: 6.4% (down from 10% in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Aug 16
Tomson Group Limited to Report Q2, 2023 Results on Aug 25, 2023 Tomson Group Limited announced that they will report Q2, 2023 results on Aug 25, 2023 New Risk • Jun 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.1% This is considered a minor 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 Dividend is not well covered by earnings and cash flows. Dividend per share is over 9x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 46% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.7% net profit margin). Shareholders have been diluted in the past year (4.1% increase in shares outstanding). Announcement • May 09
Tomson Group Limited Announces Interim (Semi-Annual) Dividend for the Year Ended December 31, 2022, Payable on 15 June 2023 Tomson Group Limited announced interim (Semi-annual) dividend for the year ended December 31, 2022 of HKD 0.085 per share. The company dividend payable on 15 June 2023 with record date of 08 May 2023 and Ex-dividend date of 02 May 2023. Buying Opportunity • Apr 25
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be HK$2.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has declined by 4.1%. Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: HK$0.009 (vs HK$0.14 in FY 2021) Full year 2022 results: EPS: HK$0.009 (down from HK$0.14 in FY 2021). Revenue: HK$460.0m (down 41% from FY 2021). Net income: HK$17.2m (down 94% from FY 2021). Profit margin: 3.7% (down from 36% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has remained flat. Announcement • Dec 31
Tomson Group Limited Appoints Ng Chi Him as Independent Non-Executive Director of the Company and Member of Each of the Audit Committee, the Nomination Committee and the Remuneration Committee of the Board with Effect from January 1, 2023 The board of directors (the "Board") of Tomson Group Limited (the "Company") hereby announces that Mr. Ng Chi Him has been appointed to act as an independent non-executive director of the Company and a member of each of the audit committee, the nomination committee and the remuneration committee of the Board of the Company with effect from 1st January, 2023. Mr. Ng Chi Him ("Mr Ng"), aged 62, holds a Bachelor of Laws degree and is a member of The Law Society of Hong Kong. He was admitted as a solicitor in Hong Kong in 1993. He practised as a partner of Edward Lau, Wong & Lou during the period from February 2018 to September 2019 and has been a practising partner of Patrick Chu, Conti Wong Lawyers LLP since 31stAugust, 2019. Mr. Ng had been an independent non-executive director of Rivera (Holdings) Limited ("RHL") during the period from July 2019 to August 2021. RHL had been a listed company on the Main Board of The Stock Exchange of Hong Kong Limited, and withdrew the listing of its shares inAugust 2021. RHL had been a substantial shareholder of the Company until July 2022, and it no longer holds any interests in shares of the Company thereafter. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 6 highly experienced directors. Independent Non-Executive Director Sean Wang was the last director to join the board, commencing their role in 2011. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 29
First half 2022 earnings released: EPS: HK$0.016 (vs HK$0.067 in 1H 2021) First half 2022 results: EPS: HK$0.016 (down from HK$0.067 in 1H 2021). Revenue: HK$301.8m (down 24% from 1H 2021). Net income: HK$31.3m (down 76% from 1H 2021). Profit margin: 10% (down from 33% in 1H 2021). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Aug 16
Tomson Group Limited to Report First Half, 2022 Results on Aug 26, 2022 Tomson Group Limited announced that they will report first half, 2022 results on Aug 26, 2022 Announcement • Aug 08
Tomson Group Limited Provides Group Earnings Guidance for the Six Months Ended June 30, 2022 Tomson Group Limited provided group earnings guidance for the six months ended June 30, 2022. The board of directors of the company informed shareholders of the company and potential investors that the group is expected to record a substantial decrease of approximately 70% in its consolidated profit after taxation attributable to the Shareholders for the six months ended 30th June, 2022 as compared with that of HKD 132 million for the corresponding period in 2021. Upcoming Dividend • Jun 02
Upcoming dividend of HK$0.055 per share Eligible shareholders must have bought the stock before 09 June 2022. Payment date: 22 June 2022. Payout ratio is a comfortable 38% but the company is paying out more than the cash it is generating. Trailing yield: 2.9%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (5.6%). Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 6 highly experienced directors. Independent Non-Executive Director Sean Wang was the last director to join the board, commencing their role in 2011. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: HK$0.14 (vs HK$0.089 in FY 2020) Full year 2021 results: EPS: HK$0.14 (up from HK$0.089 in FY 2020). Revenue: HK$779.1m (down 16% from FY 2020). Net income: HK$283.4m (up 62% from FY 2020). Profit margin: 36% (up from 19% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Announcement • Mar 10
Tomson Group Limited Provides Consolidated Earnings Guidance for the Year Ended December 31, 2021 Tomson Group Limited provided consolidated earnings guidance for the year ended December 31, 2021. The board of directors of the company informed shareholders of the company and potential investors that the Group is expected to record a substantial increase of approximately 60% in its consolidated profit after taxation attributable to the Shareholders for the year ended 31st December, 2021 as compared with that of HKD 175 million for the corresponding period in 2020. Such expected increase in profit is mainly attributable to the recognition of considerable profit from sales of its properties in Shanghai during the year under review. In addition, unlike the case in the corresponding period in 2020, the Group recorded net gain on its trading securities investments in Hong Kong for the year under review. Announcement • Jan 01
Tomson Group Ordinary Shares to be Deleted from Other OTC Tomson Group Limited Ordinary Shares (Cayman Islands) will be deleted from other OTC effective from January 3, 2022, due to Inactive Security. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improved over the past week After last week's 31% share price gain to HK$2.43, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 7x in the Real Estate industry in Hong Kong. Total returns to shareholders of 14% over the past three years. Reported Earnings • Aug 30
First half 2021 earnings released: EPS HK$0.067 (vs HK$0.003 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: HK$398.3m (up 29% from 1H 2020). Net income: HK$131.8m (up HK$126.1m from 1H 2020). Profit margin: 33% (up from 1.9% in 1H 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Aug 08
Tomson Group Limited Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2021 Tomson Group Limited provided consolidated earnings guidance for the six months ended June 30, 2021. For the six months, the Group is expected to record a substantial increase of approximately 22 times in its consolidated profit after taxation attributable to the Shareholders for the six months ended 30 June, 2021 as compared with that of HKD 5.7 million for the corresponding period in 2020, the Group recorded net gain on its trading securities investments in Hong Kong and there was no such a large amount of unrealized loss on fair value changes of the investment properties of the Group in Shanghai arising from market valuation pursuant to the accounting standards for the period under review. Hence, the Group is expected to record a substantial increase of approximately 22 times in its consolidated profit after taxation attributable to the Shareholders for the six months ended 30th June, 2021 as compared with that of HKD 5.7 million for the corresponding period in 2020. Upcoming Dividend • May 27
Upcoming dividend of HK$0.055 per share Eligible shareholders must have bought the stock before 03 June 2021. Payment date: 22 June 2021. Trailing yield: 2.8%. Lower than top quartile of Hong Kong dividend payers (5.9%). Lower than average of industry peers (4.5%). Reported Earnings • Mar 28
Full year 2020 earnings released: EPS HK$0.089 (vs HK$0.086 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: HK$929.9m (up 1.5% from FY 2019). Net income: HK$175.0m (up 1.4% from FY 2019). Profit margin: 19% (in line with FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Announcement • Mar 13
Tomson Group Limited to Report Fiscal Year 2020 Results on Mar 26, 2021 Tomson Group Limited announced that they will report fiscal year 2020 results on Mar 26, 2021 Is New 90 Day High Low • Jan 25
New 90-day high: HK$2.20 The company is up 38% from its price of HK$1.59 on 27 October 2020. The Hong Kong market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 5.0% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: HK$2.01 The company is up 26% from its price of HK$1.60 on 07 October 2020. The Hong Kong market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 4.0% over the same period. Is New 90 Day High Low • Dec 15
New 90-day high: HK$1.71 The company is up 6.0% from its price of HK$1.61 on 15 September 2020. The Hong Kong market is also up 6.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Real Estate industry, which is down 3.0% over the same period. Is New 90 Day High Low • Nov 27
New 90-day high: HK$1.65 The company is up 2.0% from its price of HK$1.62 on 28 August 2020. The Hong Kong market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is down 3.0% over the same period. Reported Earnings • Sep 25
First half earnings released Over the last 12 months the company has reported total profits of HK$118.3m, down 51% from the prior year. Total revenue was HK$751.2m over the last 12 months, down 5.4% from the prior year. Announcement • Aug 22
Tomson Group Limited to Report First Half, 2020 Results on Aug 28, 2020 Tomson Group Limited announced that they will report first half, 2020 results on Aug 28, 2020 
