Buy Or Sell Opportunity • May 08
Now 23% overvalued Over the last 90 days, the stock has fallen 6.7% to HK$3.22. The fair value is estimated to be HK$2.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 45% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 27% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Buy Or Sell Opportunity • Apr 01
Now 21% overvalued Over the last 90 days, the stock has fallen 20% to HK$3.13. The fair value is estimated to be HK$2.60, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 45% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 27% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Declared Dividend • Mar 29
Dividend of HK$0.10 announced Shareholders will receive a dividend of HK$0.10. Ex-date: 24th June 2026 Payment date: 13th July 2026 Dividend yield will be 3.4%, which is lower than the industry average of 5.5%. Sustainability & Growth Dividend is covered by both earnings (18% earnings payout ratio) and cash flows (67% cash payout ratio). The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 75% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 28
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: US$0.056 (up from US$0.047 in FY 2024). Revenue: US$501.5m (up 45% from FY 2024). Net income: US$23.2m (up 22% from FY 2024). Profit margin: 4.6% (down from 5.5% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 1.8%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Specialty Retail industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 79% per year whereas the company’s share price has increased by 80% per year. Announcement • Mar 28
YesAsia Holdings Limited, Annual General Meeting, Jun 18, 2026 YesAsia Holdings Limited, Annual General Meeting, Jun 18, 2026. New Risk • Mar 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 (34% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Significant insider selling over the past 3 months (HK$983k sold). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to HK$2.95, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 461% over the past three years. Announcement • Jan 27
Yesasia Holdings Limited Provides Earnings Guidance for the Year Ended 31 December 2025 YesAsia Holdings Limited provided earnings guidance for the year ended 31 December 2025 . For the year, the group expected to record unaudited consolidated revenue for the Reporting Year of approximately USD 500.0 million (Prior Year: USD 347.1 millionNote), representing an increase of approximately USD 152.9 million or 44.1% as compared to the Prior Year, mainly driven by continuous market diversification for YesStyle and an increase in number of new customers of AsianBeautyWholesale for both online and offline channels. Consequently, the unaudited consolidated net profit for the Reporting Year is expected to be not less than USD 22.0 million (Prior Year: USD 19.0 million), representing an increase of approximately USD 3.0 million or 15.8%. New Risk • Oct 27
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 Risk High level of non-cash earnings (34% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Announcement • Sep 12
YesAsia Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 22.755 million. YesAsia Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 22.755 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,100,000
Price\Range: HKD 5.55
Transaction Features: Subsequent Direct Listing New Risk • Sep 04
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 Risk High level of non-cash earnings (34% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to HK$6.99, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 1,058% over the past three years. Announcement • Aug 27
YesAsia Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 22.755 million. YesAsia Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 22.755 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,100,000
Price\Range: HKD 5.55
Transaction Features: Subsequent Direct Listing Reported Earnings • Aug 24
First half 2025 earnings released: EPS: US$0.034 (vs US$0.028 in 1H 2024) First half 2025 results: EPS: US$0.034 (up from US$0.028 in 1H 2024). Revenue: US$243.9m (up 49% from 1H 2024). Net income: US$14.1m (up 27% from 1H 2024). Profit margin: 5.8% (down from 6.8% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Specialty Retail industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 89% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$4.64, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 496% over the past three years. Announcement • Jul 25
YesAsia Holdings Limited Provides Earnings Guidance for the Six Months Ended 30 June 2025 YesAsia Holdings Limited provided earnings guidance for the six months ended 30 June 2025. For the period, the company expects to record an unaudited consolidated net profit of approximately USD 14,075,000 representing an increase of approximately USD 2,968,000 or 26.7%, mainly attributable to the increase in revenue and gross profit for the Reporting Period. The unaudited consolidated revenue for the Reporting Period is expected to be approximately USD 243,932,000 (Prior Period: USD 163,348,000), representing an increase of approximately USD 80,584,000 or 49.3% as compared to the Prior Period, mainly driven by an increase in sales of beauty products via both YesStyle and AsianBeautyWholesale. The increase is mainly attributable to (i) an enhancement of YesStyle's marketing efforts to promote the sale of beauty products; and (ii) the expansion of AsianBeautyWholesale to serve more business-to- business (B2B) customers via online and offline channels. The unaudited consolidated gross profit for the Reporting Period is expected to be approximately USD 73,262,000 (Prior Period: USD 50,192,000), representing an increase of approximately US$23,070,000 or 46.0% as compared to the Prior Period. The gross profit margin during the Reporting Period is expected to remain relatively stable at approximately 30.0%, slightly decreasing from 30.7% in the Prior Period. This is primarily attributable to an increase in the proportion of revenue generated from ABW's B2B business which has a lower margin relative to B2C. Nonetheless, the gross profit margin for YesStyle and ABW for the Reporting Period improved to 35.4% (Prior Period: 34.5%) and 18.6% (Prior Period: 17.8%) respectively. Announcement • Jun 21
Yesasia Holdings Limited Approves Final Ordinary Cash Dividend for the Year Ended 31 December 2024 YesAsia Holdings Limited approved final ordinary cash dividend of 7.5 cents per share for the year ended 31 December 2024. Upcoming Dividend • Jun 18
Upcoming dividend of HK$0.075 per share Eligible shareholders must have bought the stock before 25 June 2025. Payment date: 14 July 2025. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Hong Kong dividend payers (7.4%). Lower than average of industry peers (2.2%). Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$4.56, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 320% over the past three years. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to HK$2.68, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 9x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 158% over the past three years. Declared Dividend • Apr 02
Dividend of HK$0.075 announced Shareholders will receive a dividend of HK$0.075. Ex-date: 25th June 2025 Payment date: 14th July 2025 Dividend yield will be 2.3%, which is lower than the industry average of 5.5%. Sustainability & Growth Dividend is covered by earnings (15% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 129% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 01
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: US$0.047 (up from US$0.019 in FY 2023). Revenue: US$345.8m (up 72% from FY 2023). Net income: US$19.1m (up 152% from FY 2023). Profit margin: 5.5% (up from 3.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.1%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Specialty Retail industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Announcement • Apr 01
Yesasia Holdings Limited Proposes Final Ordinary Cash Dividend for the Year Ended 31 December 2024, Payable on 14 July 2025 YesAsia Holdings Limited proposed final ordinary cash dividend of HKD 0.075 per share for the year ended 31 December 2024, payable on 14 July 2025. Record date is 03 July 2025. Ex-dividend date is 25 June 2025. Date of shareholders' approval is 20 June 2025. Announcement • Mar 31
YesAsia Holdings Limited, Annual General Meeting, Jun 20, 2025 YesAsia Holdings Limited, Annual General Meeting, Jun 20, 2025. New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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 (57% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (14% average weekly change). Significant insider selling over the past 3 months (HK$4.7m sold). Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$2.36, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 101% over the past three years. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to HK$2.94, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 116% over the past three years. Announcement • Jan 24
Yesasia Holdings Limited Provides Earnings Guidance for the Year Ended 31 December 2024 YesAsia Holdings Limited provided earnings guidance for the year ended 31 December 2024. The Group expects to record a historical high unaudited consolidated net profit of not less than USD 19.0 million for the Reporting Year, as compared to a net profit of approximately USD 7.6 million for the Prior Year, representing an increase of approximately USD 11.4 million or 150.0%, mainly attributable to the increase in revenue and gross profit. Based on the information currently available, the unaudited consolidated revenue for the Reporting Year is expected to reach historical high, amounting to approximately USD 345.7 million (Prior Year: USD 201.3 million), representing an increase of approximately USD 144.4 million or 71.7% as compared to the Prior Year, mainly driven by an increase in sales of beauty products via both YesStyle Platforms and AsianBeautyWholesale. The increase is mainly attributable to (i) an enhancement of YesStyle Platforms' marketing efforts to promote the sale of beauty products, and (ii) the expansion of AsianBeautyWholesale to serve more business-to-business (B2B) customers who are looking to source Asian beauty products globally. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorates as stock falls 38% After last week's 38% share price decline to HK$3.30, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 149% over the past three years. Announcement • Jan 23
YesAsia Holdings Limited to Report Q4, 2024 Results on Mar 28, 2025 YesAsia Holdings Limited announced that they will report Q4, 2024 results on Mar 28, 2025 New Risk • Jan 04
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 High level of non-cash earnings (57% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$4.92, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 247% over the past three years. New Risk • Dec 09
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: HK$1.0m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (57% accrual ratio). Minor Risks Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Significant insider selling over the past 3 months (HK$1.0m sold). Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to HK$4.37, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 166% over the past three years. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to HK$3.55, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 122% over the past three years. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to HK$4.79, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 302% over the past three years. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to HK$5.51, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 291% over the past three years. Recent Insider Transactions • Sep 25
VP of Content & Executive Director recently sold HK$1.0m worth of stock On the 20th of September, Kin Hang Chu sold around 150k shares on-market at roughly HK$6.67 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth HK$7.7m. Insiders have been net sellers, collectively disposing of HK$8.7m more than they bought in the last 12 months. New Risk • Sep 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.0% 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 Share price has been highly volatile over the past 3 months (19% average weekly change). High level of non-cash earnings (57% accrual ratio). Minor Risks Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Significant insider selling over the past 3 months (HK$7.7m sold). Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improves as stock rises 42% After last week's 42% share price gain to HK$6.12, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 266% over the past three years. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to HK$3.66, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 8x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 52% over the past three years. Announcement • Jul 26
YesAsia Holdings Limited to Report First Half, 2024 Results on Aug 29, 2024 YesAsia Holdings Limited announced that they will report first half, 2024 results on Aug 29, 2024 Recent Insider Transactions • Jul 21
Non-Executive Director recently sold HK$7.7m worth of stock On the 19th of July, Pak Shing Lui sold around 4m shares on-market at roughly HK$2.00 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 38% After last week's 38% share price gain to HK$4.65, the stock trades at a trailing P/E ratio of 31.4x. Average trailing P/E is 8x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 78% over the past three years. Upcoming Dividend • Jun 19
Upcoming dividend of HK$0.05 per share Eligible shareholders must have bought the stock before 26 June 2024. Payment date: 15 July 2024. Trailing yield: 2.5%. Lower than top quartile of Hong Kong dividend payers (7.8%). Lower than average of industry peers (5.6%). New Risk • Jun 04
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 34% 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. Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (HK$528.2m market cap, or US$67.6m). Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 40% After last week's 40% share price gain to HK$1.33, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 8x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 169% over the past year. Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: US$0.019 (vs US$0.017 loss in FY 2022) Full year 2023 results: EPS: US$0.019 (up from US$0.017 loss in FY 2022). Revenue: US$201.3m (up 57% from FY 2022). Net income: US$7.57m (up US$14.4m from FY 2022). Profit margin: 3.8% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. New Risk • Mar 14
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 Earnings have declined by 59% per year over the past 5 years. 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$270.0m market cap, or US$34.5m). Announcement • Jan 29
YesAsia Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 December 2023 YesAsia Holdings Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2023. For the year, the company expects to record an unaudited consolidated net profit of not less than USD 7,500,000 for the Relevant Year, as compared to a net loss of approximately USD 6,782,000 for the Prior Year. Such expected turnaround from loss to profit is primarily attributable to the increase in revenue from the sales of beauty products, which was partially offset by a corresponding increase in selling expenses. Announcement • Jan 27
YesAsia Holdings Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 YesAsia Holdings Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 Reported Earnings • Aug 31
First half 2023 earnings released: EPS: US$0.004 (vs US$0.006 loss in 1H 2022) First half 2023 results: EPS: US$0.004 (up from US$0.006 loss in 1H 2022). Revenue: US$90.7m (up 44% from 1H 2022). Net income: US$1.56m (up US$3.83m from 1H 2022). Profit margin: 1.7% (up from net loss in 1H 2022). The move to profitability was driven by higher revenue. Announcement • Jul 29
YesAsia Holdings Limited to Report First Half, 2023 Results on Aug 25, 2023 YesAsia Holdings Limited announced that they will report first half, 2023 results on Aug 25, 2023 Announcement • Jan 21
Yesasia Holdings Limited Provides Consolidated Earnings Guidance for the Year Ended 31 December 2022 The board of directors of YesAsia Holdings Limited announced that, based on preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 31 December 2022, as well as other information currently available to the Board, the Group recorded an unaudited consolidated net loss of approximately $6.8 million for the Relevant Year, as compared to a net loss of approximately $2.1 million and an adjusted net loss (after adjustments for the listing expenses incurred) of approximately $343,000 for the year ended 31 December 2021. Such net loss for the Relevant Year was primarily attributable to the decrease in the number of sale orders from major sales countries. Board Change • Nov 16
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. 6 non-independent directors. Independent Non-Executive Director Yu Cheong Chan was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Sep 03
Insider recently bought HK$943k worth of stock On the 29th of August, Chu Lau Kwok bought around 2m shares on-market at roughly HK$0.62 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$2.3m more in shares than they have sold in the last 12 months. Reported Earnings • Aug 28
First half 2022 earnings released: US$0.006 loss per share (vs US$0.003 profit in 1H 2021) First half 2022 results: US$0.006 loss per share (down from US$0.003 profit in 1H 2021). Revenue: US$62.9m (down 29% from 1H 2021). Net loss: US$2.26m (down US$2.78m from profit in 1H 2021). Over the next year, revenue is forecast to grow 42%, compared to a 29% growth forecast for the Online Retail industry in Hong Kong. Upcoming Dividend • Jun 21
Upcoming dividend of HK$0.05 per share Eligible shareholders must have bought the stock before 28 June 2022. Payment date: 13 July 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 8.7%. Within top quartile of Hong Kong dividend payers (7.8%). Higher than average of industry peers (1.8%). Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 18% share price gain to HK$1.30, the stock trades at a forward P/E ratio of 0x. Average forward P/E is 17x in the Online Retail industry in Asia. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment deteriorated over the past week After last week's 18% share price decline to HK$2.14, the stock trades at a forward P/E ratio of 1x. Average forward P/E is 19x in the Online Retail industry in Asia. 
