SEHK:8611

Stock Analysis Report

Mindtell Technology

Executive Summary

Mindtell Technology Limited, an investment holding company, provides information technology (IT) services in Indonesia, Malaysia, Singapore, and the United Kingdom.

Snowflake

Fundamentals

Mediocre balance sheet with weak fundamentals.

Share Price & News

How has Mindtell Technology's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

8611

-0.4%

HK IT

0.8%

HK Market


1 Year Return

n/a

8611

-1.3%

HK IT

0.5%

HK Market

Return vs Industry: Insufficient data to determine how 8611 performed against the Hong Kong IT industry.

Return vs Market: Insufficient data to determine how 8611 performed against the Hong Kong Market.


Shareholder returns

8611IndustryMarket
7 Day0%-0.4%0.8%
30 Day-53.2%-1.0%-0.5%
90 Day9.9%-6.0%-5.6%
1 Yearn/a0.4%-1.3%4.1%0.5%
3 Yearn/a-12.8%-17.0%15.5%3.9%
5 Yearn/a38.4%23.0%19.9%-0.2%

Price Volatility Vs. Market

How volatile is Mindtell Technology's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Mindtell Technology undervalued compared to its fair value and its price relative to the market?

1.23x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate 8611's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate 8611's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 8611 is unprofitable, so we can't compare its PE Ratio to the IT industry average.

PE vs Market: 8611 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate 8611's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8611 is overvalued based on its PB Ratio (1.2x) compared to the HK IT industry average (1x).


Next Steps

Future Growth

How is Mindtell Technology forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

21.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 8611 is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: 8611 is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: 8611 is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if 8611's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 8611's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if 8611's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Mindtell Technology performed over the past 5 years?

-115.1%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 8611 is unprofitable, and there is insufficient past data to establish if their past 5-year earnings growth rate was positive.

Accelerating Growth: Unable to compare 8611's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 8611 is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (-3.7%).


Return on Equity

High ROE: 8611 has a negative Return on Equity (-4.51%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: 8611 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: 8611 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Mindtell Technology's financial position?


Financial Position Analysis

Short Term Liabilities: 8611's short term assets (MYR40.3M) exceeds its short term liabilities (MYR10.1M)

Long Term Liabilities: 8611's short term assets (40.3M) exceeds its long term liabilities (567.0K)


Debt to Equity History and Analysis

Debt Level: 8611's debt to equity ratio (2.6%) is considered satisfactory

Reducing Debt: Insufficient data to determine if 8611's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 8611's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 8611 is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Inventory Level: 8611 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 8611's debt is covered by short term assets (assets are 46.011410x debt).


Next Steps

Dividend

What is Mindtell Technology's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%6.3%industryaverage2.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 8611's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 8611's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 8611's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 8611's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 8611's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

What is the CEO of Mindtell Technology's salary, the management and board of directors tenure and is there insider trading?

1.6yrs

Average board tenure


CEO

Yee-Ping Chong (37yo)

1.7yrs

Tenure

RM73,000

Compensation

Mr. Yee Ping Chong is Founder, Chairman and Chief Executive Officer of Mindtell Technology Limited. 


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Yee-Ping's total compensation is reasonable compared to companies of similar size in the Hong Kong market.

Compensation vs Earnings: Yee-Ping's compensation has increased whilst the company is unprofitable.


Board Age and Tenure

1.6yrs

Average Tenure

48yo

Average Age

Experienced Board: 8611's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: 8611 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyRM139,84128 Aug 19
Yan Chee Liu
EntityIndividual
Role
Member of the Board of Directors
Executive Director & Compliance Officer
Shares800,000
Max PriceRM0.17
BuyRM101,88127 Aug 19
Yan Chee Liu
EntityIndividual
Role
Member of the Board of Directors
Executive Director & Compliance Officer
Shares600,000
Max PriceRM0.17
BuyRM320,00421 Aug 19
Yan Chee Liu
EntityIndividual
Role
Member of the Board of Directors
Executive Director & Compliance Officer
Shares2,000,000
Max PriceRM0.16
BuyRM46,56402 Aug 19
Yan Chee Liu
EntityIndividual
Role
Member of the Board of Directors
Executive Director & Compliance Officer
Shares255,000
Max PriceRM0.18
BuyRM361,78419 Dec 18
Yan Chee Liu
EntityIndividual
Role
Member of the Board of Directors
Executive Director & Compliance Officer
Shares820,000
Max PriceRM0.44
BuyRM689,52818 Dec 18
Yan Chee Liu
EntityIndividual
Role
Member of the Board of Directors
Executive Director & Compliance Officer
Shares1,545,000
Max PriceRM0.45
BuyRM933,08116 Dec 18
Yan Chee Liu
EntityIndividual
Role
Member of the Board of Directors
Executive Director & Compliance Officer
Shares2,080,000
Max PriceRM0.45
BuyRM1,864,70211 Dec 18
Yan Chee Liu
EntityIndividual
Role
Member of the Board of Directors
Executive Director & Compliance Officer
Shares4,180,000
Max PriceRM0.45
BuyRM3,607,82007 Dec 18
Yan Chee Liu
EntityIndividual
Role
Member of the Board of Directors
Executive Director & Compliance Officer
Shares7,220,000
Max PriceRM0.50

Ownership Breakdown


Management Team

  • James Liu (48yo)

    Executive Director & Compliance Officer

    • Tenure: 1.6yrs
    • Compensation: RM18.00k
  • Yat Ting Lam (36yo)

    Company Secretary

    • Tenure: 1.6yrs
  • Yee-Ping Chong (37yo)

    Founder

    • Tenure: 1.7yrs
    • Compensation: RM73.00k
  • Hen Pang (38yo)

    Chief Technology Officer

    • Tenure: 0yrs
  • Puh Wong (34yo)

    Head of Research & Development

    • Tenure: 0yrs

Board Members

  • Chi Su (52yo)

    Independent Non-Executive Director

    • Tenure: 1.1yrs
    • Compensation: RM7.00k
  • Pang Lam (50yo)

    Non-Executive Director

    • Tenure: 1.6yrs
    • Compensation: RM14.00k
  • Stella Ho (44yo)

    Independent Non-Executive Director

    • Tenure: 1.1yrs
    • Compensation: RM7.00k
  • Jiin Siah (40yo)

    Non-Executive Director

    • Tenure: 1.7yrs
  • James Liu (48yo)

    Executive Director & Compliance Officer

    • Tenure: 1.6yrs
    • Compensation: RM18.00k
  • Yee-Ping Chong (37yo)

    Founder

    • Tenure: 1.7yrs
    • Compensation: RM73.00k
  • San Chan (53yo)

    Independent Non-Executive Director

    • Tenure: 1.1yrs
    • Compensation: RM7.00k

Company Information

Mindtell Technology Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mindtell Technology Limited
  • Ticker: 8611
  • Exchange: SEHK
  • Founded: 2006
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: HK$77.610m
  • Shares outstanding: 390.00m
  • Website: https://www.mindtelltech.com

Number of Employees


Location

  • Mindtell Technology Limited
  • B-7-7, Sky Park @ One City
  • Jalan USJ 25/1
  • Subang Jaya
  • Selangor
  • 47650
  • Malaysia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8611SEHK (The Stock Exchange of Hong Kong Ltd.)YesShare CapitalHKHKDOct 2018

Biography

Mindtell Technology Limited, an investment holding company, provides information technology (IT) services in Indonesia, Malaysia, Singapore, and the United Kingdom. It operates through System Integration a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 12:54
End of Day Share Price2019/10/18 00:00
Earnings2019/08/31
Annual Earnings2018/11/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.