Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$3.48, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 32x in the Software industry in Hong Kong. Total loss to shareholders of 67% over the past three years. Upcoming Dividend • May 29
Upcoming dividend of HK$0.10 per share Eligible shareholders must have bought the stock before 05 June 2026. Payment date: 03 July 2026. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Hong Kong dividend payers (6.9%). Higher than average of industry peers (2.9%). Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$3.85, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 30x in the Software industry in Hong Kong. Total loss to shareholders of 65% over the past three years. Reported Earnings • Apr 01
Full year 2025 earnings released: EPS: CN¥0.35 (vs CN¥0.20 in FY 2024) Full year 2025 results: EPS: CN¥0.35 (up from CN¥0.20 in FY 2024). Revenue: CN¥549.7m (up 8.6% from FY 2024). Net income: CN¥60.8m (up 79% from FY 2024). Profit margin: 11% (up from 6.7% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$3.33, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 21x in the Software industry in Hong Kong. Total loss to shareholders of 65% over the past three years. Announcement • Mar 18
TI Cloud Inc. to Report Fiscal Year 2025 Results on Mar 30, 2026 TI Cloud Inc. announced that they will report fiscal year 2025 results on Mar 30, 2026 New Risk • Mar 12
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$700.6m market cap, or US$89.5m). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$3.15, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 13x in the Software industry in Hong Kong. Total loss to shareholders of 74% over the past three years. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to HK$3.40, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 20x in the Software industry in Hong Kong. Total loss to shareholders of 71% over the past three years. New Risk • Dec 08
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$777.6m (US$99.9m) 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risk Market cap is less than US$100m (HK$777.6m market cap, or US$99.9m). Announcement • Nov 22
TI Cloud Inc. Announces Resignation of Li Jin as Executive Director with Effect from November 21, 2025 The board of directors of TI Cloud Inc. announced that the Board has received a letter of resignation from Mr. Li Jin to resign as an executive Director with effect from November 21, 2025 due to work adjustment. Mr. Li has confirmed that he had no disagreement with the Board and there were no other matters relating to his resignation that need to be brought to the attention of The Stock Exchange of Hong Kong Limited or the shareholders of the Company. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to HK$5.43, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 19x in the Software industry in Hong Kong. Total loss to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$6.30, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 19x in the Software industry in Hong Kong. Total loss to shareholders of 14% over the past three years. Reported Earnings • Sep 28
First half 2025 earnings released: EPS: CN¥0.16 (vs CN¥0.08 in 1H 2024) First half 2025 results: EPS: CN¥0.16 (up from CN¥0.08 in 1H 2024). Revenue: CN¥268.7m (up 14% from 1H 2024). Net income: CN¥27.7m (up 99% from 1H 2024). Profit margin: 10% (up from 5.9% in 1H 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to HK$5.19, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 24x in the Software industry in Hong Kong. Total loss to shareholders of 46% over the past three years. Reported Earnings • Aug 28
First half 2025 earnings released: EPS: CN¥0.16 (vs CN¥0.08 in 1H 2024) First half 2025 results: EPS: CN¥0.16 (up from CN¥0.08 in 1H 2024). Revenue: CN¥268.7m (up 14% from 1H 2024). Net income: CN¥27.7m (up 99% from 1H 2024). Profit margin: 10% (up from 5.9% in 1H 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Aug 15
TI Cloud Inc. to Report First Half, 2025 Results on Aug 26, 2025 TI Cloud Inc. announced that they will report first half, 2025 results on Aug 26, 2025 Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$5.41, the stock trades at a trailing P/E ratio of 25.3x. Average trailing P/E is 29x in the Software industry in Hong Kong. Total loss to shareholders of 42% over the past three years. New Risk • Jul 31
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 13% 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 55% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to HK$3.21, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 24x in the Software industry in Hong Kong. Total loss to shareholders of 74% over the past three years. Valuation Update With 7 Day Price Move • May 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$2.28, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 28x in the Software industry in Hong Kong. Negligible returns to shareholders over past year. Reported Earnings • Apr 29
Full year 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.05 loss in FY 2023) Full year 2024 results: EPS: CN¥0.20 (up from CN¥0.05 loss in FY 2023). Revenue: CN¥506.4m (up 13% from FY 2023). Net income: CN¥34.0m (up CN¥42.6m from FY 2023). Profit margin: 6.7% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$2.20, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 21x in the Software industry in Hong Kong. Total loss to shareholders of 4.3% over the past year. New Risk • Apr 02
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 3.6% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 55% per year over the past 5 years. Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Market cap is less than US$100m (HK$453.3m market cap, or US$58.3m). Announcement • Mar 30
TI Cloud Inc. announces Annual dividend, payable on July 03, 2025 TI Cloud Inc. announced Annual dividend of HKD 0.1000 per share payable on July 03, 2025, ex-date on June 05, 2025 and record date on June 06, 2025. Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.05 loss in FY 2023) Full year 2024 results: EPS: CN¥0.20 (up from CN¥0.05 loss in FY 2023). Revenue: CN¥506.4m (up 13% from FY 2023). Net income: CN¥34.0m (up CN¥42.6m from FY 2023). Profit margin: 6.7% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Announcement • Mar 29
TI Cloud Inc., Annual General Meeting, May 28, 2025 TI Cloud Inc., Annual General Meeting, May 28, 2025. Announcement • Mar 12
TI Cloud Inc. to Report Fiscal Year 2024 Results on Mar 28, 2025 TI Cloud Inc. announced that they will report fiscal year 2024 results on Mar 28, 2025 New Risk • Feb 07
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 Earnings have declined by 102% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (HK$456.9m market cap, or US$58.7m). Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to HK$2.63, the stock trades at a trailing P/E ratio of 58.5x. Average trailing P/E is 24x in the Software industry in Hong Kong. Total loss to shareholders of 49% over the past year. Recent Insider Transactions • Jan 29
Executive Chairman & CEO recently bought HK$533k worth of stock On the 21st of January, Qiang Wu bought around 240k shares on-market at roughly HK$2.22 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. This was Qiang's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to HK$1.99, the stock trades at a trailing P/E ratio of 44.1x. Average trailing P/E is 20x in the Software industry in Hong Kong. Total loss to shareholders of 40% over the past year. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$2.23, the stock trades at a trailing P/E ratio of 48.5x. Average trailing P/E is 18x in the Software industry in Hong Kong. Total loss to shareholders of 36% over the past year. Reported Earnings • Sep 29
First half 2024 earnings released: EPS: CN¥0.08 (vs CN¥0.012 loss in 1H 2023) First half 2024 results: EPS: CN¥0.08 (up from CN¥0.012 loss in 1H 2023). Revenue: CN¥236.2m (up 11% from 1H 2023). Net income: CN¥13.9m (up CN¥15.9m from 1H 2023). Profit margin: 5.9% (up from net loss in 1H 2023). The move to profitability was driven by higher revenue. New Risk • Sep 20
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 9.2% 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 103% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$100m (HK$363.4m market cap, or US$46.6m). Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$2.09, the stock trades at a trailing P/E ratio of 45x. Average trailing P/E is 11x in the Software industry in Hong Kong. Total loss to shareholders of 70% over the past year. Announcement • Aug 20
TI Cloud Inc. to Report First Half, 2024 Results on Aug 29, 2024 TI Cloud Inc. announced that they will report first half, 2024 results on Aug 29, 2024 New Risk • Jun 12
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 16% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 118% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$400.2m market cap, or US$51.2m). New Risk • Apr 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$748.2m (US$95.6m) 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 118% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$748.2m market cap, or US$95.6m). Reported Earnings • Mar 29
Full year 2023 earnings released: CN¥0.05 loss per share (vs CN¥0.045 loss in FY 2022) Full year 2023 results: CN¥0.05 loss per share (further deteriorated from CN¥0.045 loss in FY 2022). Revenue: CN¥446.8m (up 17% from FY 2022). Net loss: CN¥8.63m (loss widened 17% from FY 2022). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Software industry in Hong Kong. Announcement • Mar 16
TI Cloud Inc. to Report Fiscal Year 2023 Results on Mar 27, 2024 TI Cloud Inc. announced that they will report fiscal year 2023 results on Mar 27, 2024 New Risk • Oct 18
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 15% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 121% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$649.0m market cap, or US$82.9m). Reported Earnings • Sep 03
First half 2023 earnings released: CN¥0.012 loss per share (vs CN¥0.025 loss in 1H 2022) First half 2023 results: CN¥0.012 loss per share (improved from CN¥0.025 loss in 1H 2022). Revenue: CN¥212.9m (up 11% from 1H 2022). Net loss: CN¥2.03m (loss narrowed 46% from 1H 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Software industry in Hong Kong. Announcement • Aug 19
TI Cloud Inc. to Report First Half, 2023 Results on Aug 30, 2023 TI Cloud Inc. announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Mar 31
Full year 2022 earnings released Full year 2022 results: CN¥0.045 loss per share. Revenue: CN¥383.2m (down 4.6% from FY 2021). Net loss: CN¥7.37m (down 141% from profit in FY 2021). Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Software industry in Hong Kong. Announcement • Feb 18
TI Cloud Inc. to Report Fiscal Year 2022 Results on Mar 29, 2023 TI Cloud Inc. announced that they will report fiscal year 2022 results on Mar 29, 2023 Announcement • Dec 16
TI Cloud Inc. (SEHK:2167) entered into a definitive agreement to acquire Customer Engagement Cloud Business Segment of Beijing Yizhang Yunfeng Technology Co., Ltd. for $14.6 million. TI Cloud Inc. (SEHK:2167) entered into a definitive agreement to acquire Customer Engagement Cloud Business Segment of Beijing Yizhang Yunfeng Technology Co., Ltd. for $14.6 million on December 15, 2022. It is an all-cash transaction. The revenues and gross profits attributable to this business segment were approximately $8.8 million and $6.3 million for the year ended December 31, 2021, respectively. Easemob's pretax profits and net profits (including both customer engagement cloud business and chat API business segments) were both approximately negative $3.7 million for the year ended December 31, 2021. The total assets attributable to customer engagement cloud business segment as of September 30, 2022 was approximately $1.3 million. The transaction is subject to the satisfaction of customary closing conditions and is expected to close during the first quarter of 2023. There is no assurance that the transaction will be completed within the anticipated timeframe. Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Executive Chairman & CEO Qiang Wu is the most experienced director on the board, commencing their role in 2021. Independent Non-Executive Director Yang Weng was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Sep 27
First half 2022 earnings released First half 2022 results: CN¥0.025 loss per share. Net loss: CN¥3.75m (flat on 1H 2021). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 27% growth forecast for the Software industry in Hong Kong. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment deteriorated over the past week After last week's 19% share price decline to HK$7.56, the stock trades at a trailing P/E ratio of 64.3x. Average forward P/E is 25x in the Software industry in Hong Kong. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment deteriorated over the past week After last week's 34% share price decline to HK$8.47, the stock trades at a trailing P/E ratio of 71.2x. Average trailing P/E is 13x in the Software industry in Hong Kong. Board Change • Jun 30
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Executive Chairman & CEO Qiang Wu is the most experienced director on the board, commencing their role in 2021. Independent Non-Executive Director Yang Weng was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.