Buy Or Sell Opportunity • Apr 14
Now 21% overvalued Over the last 90 days, the stock has fallen 29% to HK$0.79. The fair value is estimated to be HK$0.66, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 99% over the last 3 years. Earnings per share has grown by 62%. Reported Earnings • Apr 01
Full year 2025 earnings released: HK$0.15 loss per share (vs HK$1.01 loss in FY 2024) Full year 2025 results: HK$0.15 loss per share (improved from HK$1.01 loss in FY 2024). Net loss: HK$42.6m (loss narrowed 85% from FY 2024). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. Announcement • Mar 31
Esprit Holdings Limited, Annual General Meeting, May 27, 2026 Esprit Holdings Limited, Annual General Meeting, May 27, 2026. Announcement • Mar 17
Esprit Holdings Limited to Report Fiscal Year 2025 Results on Mar 30, 2026 Esprit Holdings Limited announced that they will report fiscal year 2025 results on Mar 30, 2026 New Risk • Mar 15
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: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Revenue is less than US$5m (HK$23m revenue, or US$2.9m). Market cap is less than US$100m (HK$251.9m market cap, or US$32.2m). Board Change • Jan 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Executive Director Jianyi Liu was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 20
Esprit Holdings Limited Announces Management Changes, Effective December 19, 2025 Esprit Holdings Limited announces the resignation of the following Directors of the Company with effect from 19 December 2025: Ms. CHIU Christin Su Yi ("Ms. Chiu") has resigned as an Executive Director and the Chairperson of the Board, due to her pursuit of other business commitments; and Mr. PAK William Eui Won ("Mr. Pak") has resigned as an Executive Director, the Chief Executive Officer and the Chief Operating Officer of the Company, due to his pursuit of other business commitments. The Board announced that Mr. WRIGHT Bradley Stephen ("Mr. Wright"), currently an Executive Director, has been appointed as the Acting Chairman of the Board with effect from 19 December 2025. The Board announced that Ms. LIU Jianyi ("Ms. Liu") and Ms. LI Hui ("Ms. Li") have been appointed as Executive Directors of the Company with effect from 19 December 2025. Ms. Liu, aged 39, holds a Master of Business Administration from Cornell University granted in 2014 and a Bachelor of Engineering from The Chinese University of Hong Kong granted in 2010. She has extensive management experience in corporate finance and trading business operations. Ms. Liu is an independent non-executive director of Imagi International Holdings Limited and Blue River Holdings Limited respectively, the shares of which are both listed on The Stock Exchange of Hong Kong Limited. Ms. Liu is currently the Senior Vice President of China Operations of the Group and the director of certain subsidiaries of the Company. Save as disclosed in this announcement, Ms. Liu does not hold any other position in the Company or its subsidiaries as at the date of this announcement. Ms. Li, aged 45, holds a Bachelor of Law in International Economic Law from Dalian Maritime University granted in 2002 and a Master of Laws in International Law from East China University of Political Science and Law granted in 2005. She obtained the PRC Legal Profession Qualification Certificate in 2004 and possesses substantial experience in the legal field. In the past three years, Ms. Li has not served as a director of any publicly listed company on securities markets in Hong Kong or overseas. Ms. Li is currently the Head of Legal (Asia) of the Group. Save as disclosed elsewhere in this announcement, Ms. Li does not hold any other position in the Company or its subsidiaries as at the date of this announcement. The Board announces the following changes in the composition of Board committees with effect from 19 December 2025: (a) the cessation of Ms. Chiu as the Chairperson of the Nomination Committee, and a member of each of the Remuneration Committee and General Committee; (b) the cessation of Mr. Pak as a member of each of the Nomination Committee, the Remuneration Committee and the General Committee; (c) the appointment of Mr. Wright as the Chairman of the Nomination Committee; and (d) the appointment of Ms. Liu and Ms. Li as members of General Committee. CHANGE OF AUTHORISED REPRESENTATIVE The Board announces that Ms. Li has replaced Ms. Chiu as the authorised representative of the Company under Rule 3.05 of the Listing Rules with effect from 19 December 2025. Reported Earnings • Aug 28
First half 2025 earnings released: HK$0.80 loss per share (vs HK$0.20 loss in 1H 2024) First half 2025 results: HK$0.80 loss per share. Net loss: HK$20.8m (loss narrowed 63% from 1H 2024). Announcement • Aug 15
Esprit Holdings Limited to Report First Half, 2025 Results on Aug 27, 2025 Esprit Holdings Limited announced that they will report first half, 2025 results on Aug 27, 2025 Reported Earnings • Jul 03
Full year 2024 earnings released Full year 2024 results: Revenue: HK$42.0m (down 99% from FY 2023). Net loss: HK$287.0m (loss narrowed 88% from FY 2023). Announcement • Jul 01
Esprit Holdings Limited, Annual General Meeting, Aug 21, 2025 Esprit Holdings Limited, Annual General Meeting, Aug 21, 2025. Announcement • Mar 19
Esprit Holdings Limited to Report Fiscal Year 2024 Results on Mar 31, 2025 Esprit Holdings Limited announced that they will report fiscal year 2024 results at 9:30 AM, China Standard Time on Mar 31, 2025 Board Change • Jan 27
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 Eugene Ha was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 24
Esprit Holdings Limited Announces Executive Changes The Board of Directors of Esprit Holdings Limited (the Company) announced that Mr. GILES William Nicholas ("Mr. Giles") has resigned as an Independent Non-executive Director of the Company with effect from 24 January 2025 due to his pursuit of other business commitments. Mr. Giles confirmed that he has no disagreement with the Board and there are no matters in relation to his resignation that need to be brought to the attention of the Company's shareholders. The Board would like to take this opportunity to express its sincere gratitude to Mr. Giles for his valuable contribution to the Company during his tenure of office and wish him well in his future endeavours. The Board announced that Mr. YU Chung Leung ("Mr. Yu") has been appointed as an Independent Non-executive Director of the Company with effect from 24 January 2025. Mr. Yu, aged 54, has over 30 years of experience in auditing and accounting. He holds a Master of Arts in international accounting from City University of Hong Kong. Mr. Yu is a member and an authorized supervisor of the Hong Kong Institute of Certified Public Accountants. He is a fellow member of The Association of Chartered Certified Accountants, a chartered tax adviser of The Taxation Institute of Hong Kong and a practising certified public accountant in Hong Kong. He is also a member of the Process Review Panel for the Financial Reporting Council. Mr. Yu is a partner of Lee & Yu Certified Public Accountants. He was awarded the Chief Executive's Commendation for Community Service in 2022. Mr. Yu is currently an independent non-executive director of Narnia (Hong Kong) Group Company Limited (stock code: 8607), Oshidori International Holdings Limited (stock code: 622), Blue River Holdings Limited (stock code: 498) and Envision Greenwise Holdings Limited (stock code: 1783), and these 4 companies are listed on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). Save as disclosed above, Mr. Yu did not hold any directorship in the last three years in public companies, the securities of which are listed on any securities market in Hong Kong or overseas, and does not hold any other major appointment and professional qualification. Save as disclosed elsewhere in this announcement, Mr. Yu does not hold any other position in the Company or its subsidiaries as at the date of this announcement. Mr. Yu does not have any interest in any shares or underlying shares of the Company required to be disclosed pursuant to Part XV of the Securities and Futures Ordinance nor does he have any relationship with any other directors, senior management or substantial shareholder or controlling shareholder of the Company. Mr. Yu has entered into a letter of appointment with the Company for a term of 3 years from his date of appointment. He is subject to retirement by rotation and is eligible for re-election by the shareholders of the Company in accordance with the Company's Bye-laws. Mr. Yu is entitled to an annual remuneration of HK$120,000, which is determined by the Board based on the review and recommendation from the Remuneration Committee of the Company with reference to his duties and responsibilities, the Company's performance and the prevailing market situation. Mr. Yu has also confirmed (a) his independence as regards each of the factors referred to in Rule 3.13(1) to (8) of the Listing Rules; (b) that he had no past or present financial or other interest in the business of the Company and its subsidiaries or any connection with any core connected persons (as defined in the Listing Rules) of the Company; and (c) that there are no other factors that may affect his independence at the time of his appointment. Save as disclosed above, there are no matters concerning Mr. Yu that need to be brought to the attention of the shareholders of the Company nor any information to be disclosed pursuant to the requirements of Rule 13.51(2) of the Rules Governing the Listing of Securities on the Stock Exchange. The Board would like to take this opportunity to extend its warmest welcome to Mr. Yu for joining the Board. The Board announces the following changes in the composition of Board the resignation of Mr. Giles as Chairman of each of the Remuneration Committee and the Risk Management Committee, and a member of each of the Audit Committee and the Nomination Committee; the appointment of Ms. LIU Hang-so as Chairman of the Remuneration Committee; and the appointment of Mr. Yu as a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee, and Chairman of the Risk Management Committee. The company also announced the composition of the Board, CHIU Christin Su Yi (Chairperson) as chairman of Nomination Committee, Member of Remuneration Committee and Member of General Committee. PAK William Eui Won as Member of Nomination Committee, Member of Remuneration Committee and Member of General Committee. STRIPPOLI Anthony Nicola as member of General Committee. WRIGHT Bradley Stephen as member of Risk Management Committee and General committee. CHUNG Kwok Pan as member of audit committee, remuneration committee and risk management committee. HA Kee Choy Eugene as member of audit committee and risk management committee. LIU Hang-so as member of nomination committee and chairman remuneration committee. LO Kin Ching Joseph chairman audit committee, member of nomination committee. YU Chung Leung member of audit committee, member of nomination committee, member of remuneration committee and chairman risk management committee. Reported Earnings • Sep 29
First half 2024 earnings released: HK$0.02 loss per share (vs HK$0.25 loss in 1H 2023) First half 2024 results: HK$0.02 loss per share (improved from HK$0.25 loss in 1H 2023). Revenue: HK$1.56b (down 49% from 1H 2023). Net loss: HK$56.0m (loss narrowed 92% from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 32 percentage points per year, which is a significant difference in performance. Announcement • Sep 11
Esprit Holdings Limited Announces Change of Company Secretary The board of directors of Esprit Holdings Limited announced that Ms. WONG Natasha Chi Yan has resigned as (i) the company secretary of the Company; and (ii) an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with effect from 11 September 2024 to pursue other opportunities outside of the Company The Board also announced that Mr. NGAI Wai Kin has been appointed as the Company Secretary and the Authorised Representative with effect from 11 September 2024. Mr. NGAI holds a Professional Diploma in Accountancy from the Hong Kong Polytechnic (now known as The Hong Kong Polytechnic University), a Bachelor of Laws (Hons) degree from the University of London and a Master of Laws degree from the City University of Hong Kong. Mr. NGAI is a fellow member of the Association of Chartered Certified Accountants and a member of the Hong Kong Institute of Certified Public Accountants and CPA Australia respectively. Mr. NGAI is also a barrister in England and Wales and a barrister in Hong Kong. Mr. NGAI has over 20 years of experience in handling company secretarial, corporate governance and corporate compliance matters related to listed and non-listed companies. Reported Earnings • Aug 31
First half 2024 earnings released: HK$0.02 loss per share (vs HK$0.25 loss in 1H 2023) First half 2024 results: HK$0.02 loss per share (improved from HK$0.25 loss in 1H 2023). Revenue: HK$1.56b (down 49% from 1H 2023). Net loss: HK$56.0m (loss narrowed 92% from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 26 percentage points per year, which is a significant difference in performance. Announcement • Aug 20
Esprit Holdings Limited to Report Second Half, 2024 Results on Aug 28, 2024 Esprit Holdings Limited announced that they will report second half, 2024 results on Aug 28, 2024 Board Change • Jul 05
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Executive Director Josef Paul was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 01
Full year 2023 earnings released: HK$0.83 loss per share (vs HK$0.23 loss in FY 2022) Full year 2023 results: HK$0.83 loss per share (further deteriorated from HK$0.23 loss in FY 2022). Revenue: HK$5.91b (down 16% from FY 2022). Net loss: HK$2.34b (loss widened 252% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Announcement • Mar 29
Esprit Holdings Limited, Annual General Meeting, Jun 19, 2024 Esprit Holdings Limited, Annual General Meeting, Jun 19, 2024. Reported Earnings • Mar 29
Full year 2023 earnings released: HK$0.83 loss per share (vs HK$0.23 loss in FY 2022) Full year 2023 results: HK$0.83 loss per share (further deteriorated from HK$0.23 loss in FY 2022). Revenue: HK$5.91b (down 16% from FY 2022). Net loss: HK$2.34b (loss widened 252% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has fallen by 48% per year, which means it is performing significantly worse than earnings. New Risk • Mar 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 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: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (HK$356.7m market cap, or US$45.6m). Announcement • Mar 15
Esprit Holdings Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 Esprit Holdings Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 Board Change • Mar 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Executive Director Strippoli Anthony Nicola was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 21
Esprit Holdings Limited Appoints Strippoli Anthony Nicola as an Executive Director of the Company and A Member of General Committee of the Board Esprit Holdings Limited announced that Mr. STRIPPOLI Anthony Nicola ("Mr. STRIPPOLI") has been appointed as an Executive Director of the Company and a member of General Committee of the Board with effect from 20 February 2024. Mr. STRIPPOLI, aged 50, is the Chief Operating Officer, Americas, for Esprit. He has three decades of retail and merchandising experience with global apparel and fashion brands including working as a Buyer for Saks Fifth Avenue, as an International Merchandising Manager for Bally and as a Vice President, North America Sales for Diesel USA. He also worked as the President of North America for Scotch & Soda, focusing on the Dutch brand's expansion into the United States. Prior to joining Esprit, Mr. STRIPPOLI was the Vice President of Sales at Calvin Klein Jeans for G-III Apparel Group in New York City. Mr. STRIPPOLI graduated from New York University's Stern School of Business in 1995 and obtained a Bachelor of Science degree in Marketing and International Business. Mr. STRIPPOLI will oversee the strategic growth and operational expansion of the Esprit brand in North America and oversee the brand's relationships with partners in South America. The appointment of Mr. STRIPPOLI further strengthens Esprit's future focus on the American consumer market, the birthplace of Esprit. New Risk • Feb 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$764.4m (US$97.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Reported Earnings • Sep 30
First half 2023 earnings released: HK$0.25 loss per share (vs HK$0.005 profit in 1H 2022) First half 2023 results: HK$0.25 loss per share (down from HK$0.005 profit in 1H 2022). Revenue: HK$3.03b (down 17% from 1H 2022). Net loss: HK$714.0m (down HK$727.0m from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Buying Opportunity • Sep 15
Now 28% undervalued after recent price drop Over the last 90 days, the stock is down 48%. The fair value is estimated to be HK$0.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 30
First half 2023 earnings released: HK$0.25 loss per share (vs HK$0.005 profit in 1H 2022) First half 2023 results: HK$0.25 loss per share (down from HK$0.005 profit in 1H 2022). Revenue: HK$3.03b (down 17% from 1H 2022). Net loss: HK$714.0m (down HK$727.0m from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Buying Opportunity • Aug 29
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 25%. The fair value is estimated to be HK$0.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Meanwhile, the company became loss making. New Risk • Aug 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Hong Kong stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Announcement • Jul 08
Esprit Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Five Months Ended 31 May 2023 Esprit Holdings Limited Provides unaudited consolidated earnings guidance for the five months ended 31 May 2023. For the period, the company expects to record an unaudited loss attributable to the shareholders of the Company of approximately HKD 604 million for the Period, as compared to the unaudited profit attributable to the shareholders of the Company of approximately HKD 13 million for the six months ended 30 June 2022. The Group is expected to record total revenue of approximately HKD 2,509 million for the Period, as compared to the total revenue of approximately HKD 3,626 million for the Comparison Period. The decrease in revenue was primarily due to negative consumer sentiment in Germany and across the rest of Europe resulting from the poor economic environment and the continuing conflict in Ukraine. The Company's performance was also affected by short-term adjustments stemming from elevating Esprit's brand positioning in the fashion industry. The Group has implemented multiple initiatives to reinvigorate growth over the past half year, the Group estimates that these initiatives will come to fruition in the second half of the year, and already since implementation there have been noticeable positive developments. Furthermore, there will be many exciting developments coming up, including new product launches in Third Quarter starting with the new denim line in August 2023. The Board considers that the significant loss is mainly attributable to the decrease in revenue cited above, which also led to the decrease of gross profit of the Group to approximately HKD 1,126 million for the Period, as compared to the gross profit of the Group of approximately HKD 1,659 million for the Comparison Period. Reported Earnings • Mar 31
Full year 2022 earnings released: HK$0.23 loss per share (vs HK$0.15 profit in FY 2021) Full year 2022 results: HK$0.23 loss per share (down from HK$0.15 profit in FY 2021). Revenue: HK$7.06b (down 15% from FY 2021). Net loss: HK$664.0m (down 274% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Feb 02
Esprit Holdings Limited Announces Executive Changes The board of directors of Esprit Holdings Limited announced that Ms. FONG Yee Mei ("Ms. FONG") has resigned as (i) the company secretary of the Company (the "Company Secretary"); and (ii) an authorised representative of the Company as required under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Authorised Representative") with effect from 1 February 2023 to pursue other opportunities outside of the Company. Ms. FONG has confirmed that she has no disagreement with the Board and there are no matters in relation to her resignation that need to be brought to the attention of the shareholders of the Company. The Board announced that Ms. WONG Natasha Chi Yan ("Ms. WONG") has been appointed as the Company Secretary and the Authorised Representative with effect from 1 February 2023. Ms. WONG has been in the company secretarial field for more than 9 years. She is an associate of both The Chartered Governance Institute (formerly known as The Institute of Chartered Secretaries and Administration) and The Hong Kong Chartered Governance Institute (formerly known as The Hong Kong Institute of Chartered Secretaries) and awarded with the dual designations of Chartered Secretary and Chartered Governance Professional. Board Change • Nov 16
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Joseph Lo is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Sep 01
First half 2022 earnings released: EPS: HK$0.004 (vs HK$0.051 in 1H 2021) First half 2022 results: EPS: HK$0.004 (down from HK$0.051 in 1H 2021). Revenue: HK$3.63b (down 6.4% from 1H 2021). Net income: HK$13.0m (down 89% from 1H 2021). Profit margin: 0.4% (down from 3.1% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment deteriorated over the past week After last week's 35% share price decline to HK$1.03, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 9x in the Specialty Retail industry in Hong Kong. Total loss to shareholders of 8.2% over the past three years. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improved over the past week After last week's 16% share price gain to HK$1.34, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 10x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • May 19
Investor sentiment deteriorated over the past week After last week's 16% share price decline to HK$1.34, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 11x in the Specialty Retail industry in Hong Kong. Total loss to shareholders of 11% over the past three years. Board Change • Apr 27
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Joseph Lo is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improved over the past week After last week's 24% share price gain to HK$1.10, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 10x in the Specialty Retail industry in Hong Kong. Total loss to shareholders of 31% over the past three years. Reported Earnings • Mar 31
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: HK$8.32b (up 370% from FY 2020). Net income: HK$381.0m (up HK$2.13b from FY 2020). Profit margin: 4.6% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 4.1%. Executive Departure • Dec 01
Chief Product Development Officer & Executive Director Yung Ting Wan has left the company On the 30th of November, Yung Ting Wan's tenure as Chief Product Development Officer & Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under Yung Ting's name. A total of 8 executives have left over the last 12 months. The current median tenure of the management team is 1.83 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Apr 30
First half 2021 earnings released: HK$0.46 loss per share (vs HK$0.18 loss in 1H 2020) The company reported a poor first half result with increased losses, weaker revenues and weaker control over costs. First half 2021 results: Revenue: HK$885.0m (down 85% from 1H 2020). Net loss: HK$872.0m (loss widened 163% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Mar 01
New 90-day low: HK$0.90 The company is down 13% from its price of HK$1.04 on 01 December 2020. The Hong Kong market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is flat over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: HK$1.19 The company is up 57% from its price of HK$0.76 on 30 September 2020. The Hong Kong market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 2.0% over the same period. Analyst Estimate Surprise Post Earnings • Nov 18
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 147%. Over the next year, revenue is forecast to grow 2.0%, compared to a 16% growth forecast for the Specialty Retail industry in Hong Kong. Is New 90 Day High Low • Nov 16
New 90-day high: HK$0.94 The company is up 2.0% from its price of HK$0.92 on 18 August 2020. The Hong Kong market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 14% over the same period. Recent Insider Transactions • Nov 14
Insider recently bought HK$7.2m worth of stock On the 12th of November, Ki Yan Lo bought around 8m shares on-market at roughly HK$0.86 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$119m more in shares than they have sold in the last 12 months. Reported Earnings • Sep 30
Full year earnings released - HK$1.96 loss per share Over the last 12 months the company has reported total losses of HK$3.68b, with losses widening by 72% from the prior year. Total revenue was HK$9.22b over the last 12 months, down 29% from the prior year. Is New 90 Day High Low • Sep 28
New 90-day low: HK$0.79 The company is down 6.0% from its price of HK$0.84 on 30 June 2020. The Hong Kong market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 11% over the same period.