New Risk • Mar 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 25
Full year 2025 earnings released: EPS: HK$0.012 (vs HK$0.20 loss in FY 2024) Full year 2025 results: EPS: HK$0.012 (up from HK$0.20 loss in FY 2024). Revenue: HK$4.57b (flat on FY 2024). Net income: HK$35.0m (up HK$599.2m from FY 2024). Profit margin: 0.8% (up from net loss in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Announcement • Mar 25
Comba Telecom Systems Holdings Limited, Annual General Meeting, May 14, 2026 Comba Telecom Systems Holdings Limited, Annual General Meeting, May 14, 2026, at 11:00 China Standard Time. Location: unit 611, building 8w, hong kong science park, pak shek kok, new territories, Hong Kong Announcement • Mar 12
Comba Telecom Systems Holdings Limited to Report Q3, 2025 Results on Mar 24, 2026 Comba Telecom Systems Holdings Limited announced that they will report Q3, 2025 results at 12:30 PM, China Standard Time on Mar 24, 2026 Recent Insider Transactions • Nov 04
Group CFO & Executive Director recently sold HK$649k worth of stock On the 28th of October, Fei Fu Chang sold around 200k shares on-market at roughly HK$3.24 per share. This transaction amounted to 100% 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 Fei Fu's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Sep 24
Group CFO & Executive Director exercised options and sold HK$568k worth of stock On the 19th of September, Fei Fu Chang exercised 500k options at a strike price of around HK$2.03 and sold these shares for an average price of HK$3.17 per share. This trade did not impact their existing holding. As of today, Fei Fu currently holds no shares directly. This was the only transaction from an insider over the last 12 months. Reported Earnings • Aug 20
First half 2025 earnings released: EPS: HK$0.021 (vs HK$0.057 loss in 1H 2024) First half 2025 results: EPS: HK$0.021 (up from HK$0.057 loss in 1H 2024). Revenue: HK$2.20b (down 6.2% from 1H 2024). Net income: HK$61.8m (up HK$220.2m from 1H 2024). Profit margin: 2.8% (up from net loss in 1H 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Announcement • Aug 11
Comba Telecom Systems Holdings Limited to Report First Half, 2025 Results on Aug 19, 2025 Comba Telecom Systems Holdings Limited announced that they will report first half, 2025 results on Aug 19, 2025 Announcement • Jul 25
Comba Telecom Systems Holdings Limited Provides Earnings Guidance for the Six Months Ended 30 June 2025 Comba Telecom Systems Holdings Limited provided earnings guidance for the six months ended 30 June 2025. For the period, the company expects to record a profit attributable to owners of the Group's parent company of not less than HKD 50 million for the Current Period, as compared to a loss attributable to owners of the Group's parent company of approximately HKD 158 million for the six months ended 30 June 2024. The Group's products and businesses were in a transitional phase of upgrading and transformation and gross profit margin remained at a stable level. At the same time, the Group's proactive efforts in promoting improvement in overall efficiency and implemented effective cost and expense control measures, resulting in lower operating expense ratio. Reported Earnings • Mar 28
Full year 2024 earnings released: HK$0.20 loss per share (vs HK$0.002 profit in FY 2023) Full year 2024 results: HK$0.20 loss per share (down from HK$0.002 profit in FY 2023). Revenue: HK$4.53b (down 24% from FY 2023). Net loss: HK$564.2m (down HK$570.9m from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 10% per year. Announcement • Mar 28
Comba Telecom Systems Holdings Limited, Annual General Meeting, May 21, 2025 Comba Telecom Systems Holdings Limited, Annual General Meeting, May 21, 2025, at 11:00 China Standard Time. Location: unit 611, building 8w, hong kong science park, pak shek kok, new territories, Hong Kong Announcement • Mar 10
Comba Telecom Systems Holdings Limited to Report Fiscal Year 2024 Results on Mar 20, 2025 Comba Telecom Systems Holdings Limited announced that they will report fiscal year 2024 results on Mar 20, 2025 New Risk • Feb 21
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: Major Risk Earnings have declined by 1.7% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Announcement • Jan 27
Comba Telecom Systems Holdings Limited Provides Preliminary Consolidated Earnings Guidance for the Year Ended 31 December 2024 Comba Telecom Systems Holdings Limited provided preliminary consolidated earnings guidance for the year ended 31 December 2024. The board of directors of the Company informed the shareholders and potential investors of the Company that based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 31 December 2024 (the "Current Year"), the Group is expected to record a loss attributable to owners of the Group's parent company of not more than HKD 600 million for the Current Year, as compared to a profit attributable to owners of the Group's parent company of approximately HKD 6.7 million for the year ended 31 December 2023. The Group's consolidated loss for the Current Year was primarily attributable to the following factors: global telecom operators have delayed the construction of network capital projects which has led to a decline in the Group's turnover and gross profit in the Current Year; the Group has actively handled the writing-off of relevant inventories; and the financial impact of the termination (the "Termination") of the proposed spin-off of Comba Network Systems Company Limited () ("Comba Network") by the Company (the "Proposed Spin-off") and a separate listing of the A- shares in Comba Network on the Science and Technology Innovation Board of Shanghai Stock Exchange in the People's Republic of China (the "Proposed A-Share Listing") amounting to approximately HKD 160 million, details are set out in the section headed "Financial Impact of the Termination" below. Announcement • Nov 21
Comba Telecom Systems Holdings Limited Announces Management Changes Comba Telecom Systems Holdings Limited announces that Mr. Xu Huijun ("Mr. Xu") resigned as an executive Director and the president of the Group as he would like to devote more time to his personal commitments;
and (2) Ms. Huo Xinru ("Ms. Huo") has been appointed as the president of the Group, in addition to her existing position as an executive Director, all with effect from 18 November 2024. Ms. Huo, aged 40, is an executive Director. She is also senior vice president of the Group and president of Comba Telecom Systems International Limited. Ms. Huo also holds various positions in the subsidiaries of the Company, including acting as director and chief executive
officer of such subsidiaries. She is mainly responsible for the relevant management work delegated by the Group and the operation and management of Comba Telecom Systems International Limited. Ms. Huo graduated from Imperial College London in UK in 2007 majoring in electrical and electronic engineering, and obtained a bachelor's degree; graduated from Stanford University in the USA in 2009 majoring in (electrical engineering) digital signal processing, and obtained a master's degree. She has served successively such positions as software and application engineer, customer manager, and vice president of marketing in North America branch of the Group. Ms. Huo joined the Group in 2010. She is the daughter of Mr. Fok Tung Ling, who is an executive Director, chairman of the Board and a substantial shareholder of the Company. New Risk • Aug 26
New major risk - Revenue and earnings growth Earnings have declined by 1.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.7% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.4% average weekly change). Announcement • Aug 12
Comba Telecom Systems Holdings Limited to Report First Half, 2024 Results on Aug 22, 2024 Comba Telecom Systems Holdings Limited announced that they will report first half, 2024 results on Aug 22, 2024 New Risk • Jul 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). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). Recent Insider Transactions • Jun 29
Executive Chairman recently bought HK$55k worth of stock On the 25th of June, Tung Ling Fok bought around 100k shares on-market at roughly HK$0.55 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$930k. Tung Ling has been a buyer over the last 12 months, purchasing a net total of HK$3.2m worth in shares. Recent Insider Transactions • Jun 13
Executive Chairman recently bought HK$166k worth of stock On the 4th of June, Tung Ling Fok bought around 282k shares on-market at roughly HK$0.59 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$930k. Tung Ling has been a buyer over the last 12 months, purchasing a net total of HK$3.1m worth in shares. Recent Insider Transactions • Jun 08
Executive Chairman recently bought HK$704k worth of stock On the 31st of May, Tung Ling Fok bought around 1m shares on-market at roughly HK$0.59 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$930k. Tung Ling has been a buyer over the last 12 months, purchasing a net total of HK$2.9m worth in shares. Reported Earnings • Apr 27
Full year 2023 earnings released: EPS: HK$0.002 (vs HK$0.068 in FY 2022) Full year 2023 results: EPS: HK$0.002 (down from HK$0.068 in FY 2022). Revenue: HK$5.98b (down 6.0% from FY 2022). Net income: HK$6.70m (down 97% from FY 2022). Profit margin: 0.1% (down from 3.0% in FY 2022). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Apr 20
Executive Chairman recently bought HK$930k worth of stock On the 15th of April, Tung Ling Fok bought around 2m shares on-market at roughly HK$0.51 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. Tung Ling has been a buyer over the last 12 months, purchasing a net total of HK$2.2m worth in shares. Recent Insider Transactions • Apr 14
Executive Chairman recently bought HK$644k worth of stock On the 9th of April, Tung Ling Fok bought around 1m shares on-market at roughly HK$0.52 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. Tung Ling has been a buyer over the last 12 months, purchasing a net total of HK$1.0m worth in shares. Announcement • Mar 22
Comba Telecom Systems Holdings Limited, Annual General Meeting, May 23, 2024 Comba Telecom Systems Holdings Limited, Annual General Meeting, May 23, 2024, at 11:00 China Standard Time. Location: Unit 611, Building 8W, Hong Kong Science Park, Pak Shek Kok, New Territories, Hong Kong Pak Shek Kok Hong Kong New Risk • Mar 22
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.1% Last year net profit margin: 3.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (0.1% net profit margin). Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: HK$0.002 (vs HK$0.068 in FY 2022) Full year 2023 results: EPS: HK$0.002 (down from HK$0.068 in FY 2022). Revenue: HK$5.98b (down 6.0% from FY 2022). Net income: HK$6.70m (down 97% from FY 2022). Profit margin: 0.1% (down from 3.0% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Announcement • Mar 21
Comba Telecom Systems Holdings Limited Announces Resignation of Wu Tielong as Non-Executive Director, Effective 22 March 2024 The board of directors of Comba Telecom Systems Holdings Limited announced that Mr. Wu Tielong (Mr. Wu) has tendered his resignation as a non-executive Director with effect from 22 March 2024 due to retirement. Mr. Wu has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. Announcement • Mar 12
Comba Telecom Systems Holdings Limited to Report Fiscal Year 2023 Results on Mar 21, 2024 Comba Telecom Systems Holdings Limited announced that they will report fiscal year 2023 results on Mar 21, 2024 Announcement • Dec 29
Comba Telecom Systems Holdings Limited Announces Board and Committee Changes The board of directors of Comba Telecom Systems Holdings Limited announced that Mr. Lau Siu Ki, Kevin resigned as an independent non-executive Director, the chairman of remuneration committee of the Company and a member of each of the audit committee and nomination committee of the Company as he would like to devote more time to his other business commitments and Mr. Chong Chee Keong, Chris has been appointed as an independent non-executive Director, the chairman of remuneration committee of the Company and a member of each of the audit committee and nomination committee of the Company, all with effect from 29 December 2023. Mr. Chong, aged 55, has been in private practice for 29 years since graduating from the National University of Singapore with Honours in 1994. He is the founder of corporate and commercial law practice CHRIS CHONG & C T HO LLP (the "Law Firm"). Mr. Chong is currently the lead independent non-executive director of Vallianz Holdings Limited. Following the change of Directors, the composition of the Board committees has changed with effect from 29 December 2023 as follows: Mr. Lau ceased to be the chairman of the remuneration committee and a member of the audit committee and nomination committee of the Company; and Mr. Chong has been appointed as the chairman of the remuneration committee and a member of the audit committee and nomination committee of the Company. Price Target Changed • Oct 25
Price target decreased by 25% to HK$1.23 Down from HK$1.63, the current price target is provided by 1 analyst. New target price is 32% above last closing price of HK$0.93. Stock is down 15% over the past year. The company posted earnings per share of HK$0.068 last year. Upcoming Dividend • Aug 31
Upcoming dividend of HK$0.012 per share at 2.2% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 19 September 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Hong Kong dividend payers (7.7%). In line with average of industry peers (2.3%). Reported Earnings • Aug 25
First half 2023 earnings released: EPS: HK$0.04 (vs HK$0.033 in 1H 2022) First half 2023 results: EPS: HK$0.04 (up from HK$0.033 in 1H 2022). Revenue: HK$3.23b (up 6.1% from 1H 2022). Net income: HK$112.2m (up 24% from 1H 2022). Profit margin: 3.5% (up from 3.0% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Communications industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Announcement • Aug 25
Comba Telecom Systems Holdings Limited Declares an Interim Dividend for the Six Months Ended 30 June 2023 On August 24, 2023, the board of Comba Telecom Systems Holdings Limited declared an interim dividend of 1.2 cents per ordinary share for the six months ended 30 June 2023 (six months ended 30 June 2022: 1 cent), amounting to a total of approximately HKD 33,335,000 (six months ended 30 June 2022: HKD 27,795,000). For the purpose of determination of the shareholders (the "Shareholders") of the Company registered under the Company's register of members in Hong Kong and register of members in Singapore for receiving the interim dividend in Hong Kong dollars or Singapore dollars respectively, any removal of the Shares between the Company's register of members in Hong Kong and register of members in Singapore has to be made by the Shareholders no later than 4:00 p.m. (both Hong Kong and Singapore times) on 29 August 2023. The record date for determination of entitlements under the interim dividend will be on 8 September 2023. Shareholders whose names appear on the register of members of the Company in Hong Kong on 8 September 2023 will be entitled to receive the interim dividend. In order to qualify for the interim dividend, all transfer documents accompanied by the relevant share certificates must be lodged with the Company's Hong Kong branch share registrar and transfer office, Computershare Hong Kong Investor Services Limited for registration no later than 4:30 p.m. (Hong Kong time) on 8 September 2023. Cheques for the payment of dividend will be dispatched to the Hong Kong Shareholders on 19 September 2023. In order to qualify for the interim dividend, all transfer documents accompanied by the relevant share certificates must be lodged with the Company's Singapore share transfer agent, In.Corp Corporate Services Pte. Ltd. for registration no later than 5:00 p.m. (Singapore time) on 8 September 2023. Announcement • Aug 16
Comba Telecom Systems Holdings Limited to Report First Half, 2023 Results on Aug 24, 2023 Comba Telecom Systems Holdings Limited announced that they will report first half, 2023 results on Aug 24, 2023 Upcoming Dividend • May 30
Upcoming dividend of HK$0.011 per share at 1.7% yield Eligible shareholders must have bought the stock before 06 June 2023. Payment date: 19 June 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Hong Kong dividend payers (7.8%). Lower than average of industry peers (2.9%). Announcement • May 23
Comba Telecom Systems Holdings Limited Declares Dividend Comba Telecom Systems Holdings Limited at its annual general meeting held on May 22, 2023, declared a final dividend of 1.1 Hong Kong cents per Share. Recent Insider Transactions Derivative • Apr 06
Non-Executive Director exercised options and sold HK$486k worth of stock On the 29th of March, Tielong Wu exercised 2m options at a strike price of around HK$1.17 and sold these shares for an average price of HK$0.27 per share. This trade did not impact their existing holding. Since June 2022, Tielong has owned 2.34m shares directly. Company insiders have collectively bought HK$1.2m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: HK$0.068 (vs HK$0.21 loss in FY 2021) Full year 2022 results: EPS: HK$0.068 (up from HK$0.21 loss in FY 2021). Revenue: HK$6.36b (up 8.4% from FY 2021). Net income: HK$190.2m (up HK$782.8m from FY 2021). Profit margin: 3.0% (up from net loss in FY 2021). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Communications industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 2 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Non-Executive Director Lok Lam Wong was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Sep 01
Upcoming dividend of HK$0.01 per share Eligible shareholders must have bought the stock before 08 September 2022. Payment date: 21 September 2022. Trailing yield: 1.4%. Lower than top quartile of Hong Kong dividend payers (8.2%). Lower than average of industry peers (2.5%). Reported Earnings • Aug 27
First half 2022 earnings released: EPS: HK$0.033 (vs HK$0.033 loss in 1H 2021) First half 2022 results: EPS: HK$0.033 (up from HK$0.033 loss in 1H 2021). Revenue: HK$3.04b (up 26% from 1H 2021). Net income: HK$90.4m (up HK$179.7m from 1H 2021). Profit margin: 3.0% (up from net loss in 1H 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 2.9%, compared to a 17% growth forecast for the Communications industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Jul 13
Senior VP recently bought HK$296k worth of stock On the 8th of July, Bin Long Bu bought around 216k shares on-market at roughly HK$1.37 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Apr 29
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: HK$0.21 loss per share (down from HK$0.074 loss in FY 2020). Revenue: HK$5.87b (up 16% from FY 2020). Net loss: HK$592.6m (loss widened 205% from FY 2020). Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 13%, compared to a 17% growth forecast for the industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Price Target Changed • Apr 27
Price target decreased to HK$1.59 Down from HK$1.83, the current price target is an average from 2 analysts. New target price is 25% above last closing price of HK$1.27. Stock is down 37% over the past year. The company is forecast to post earnings per share of HK$0.06 next year compared to a net loss per share of HK$0.21 last year. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 2 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Non-Executive Director Lok Wong was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Price Target Changed • Mar 29
Price target decreased to HK$1.59 Down from HK$1.83, the current price target is an average from 2 analysts. New target price is 16% above last closing price of HK$1.37. Stock is down 32% over the past year. The company is forecast to post earnings per share of HK$0.06 next year compared to a net loss per share of HK$0.21 last year. Recent Insider Transactions Derivative • Nov 06
Group CFO & Executive Director exercised options and sold HK$797k worth of stock On the 3rd of November, Fei Fu Chang exercised 1m options at a strike price of around HK$1.17 and sold these shares for an average price of HK$1.97 per share. This trade did not impact their existing holding. As of today, Fei Fu currently holds no shares directly. Company insiders have collectively sold HK$4.0m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Aug 29
First half 2021 earnings released: HK$0.033 loss per share (vs HK$0.021 profit in 1H 2020) The company reported a soft first half result with weaker earnings and weaker control over costs, although revenues improved. First half 2021 results: Revenue: HK$2.42b (up 8.0% from 1H 2020). Net loss: HK$89.4m (down 268% from profit in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Recent Insider Transactions Derivative • Jul 20
Senior VP exercised options and sold HK$678k worth of stock On the 15th of July, Bin Long Bu exercised 1m options at a strike price of around HK$1.26 and sold these shares for an average price of HK$1.82 per share. This trade did not impact their existing holding. Since December 2020, Bin Long has owned 2.35m shares directly. Company insiders have collectively sold HK$1.0m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Jul 09
Independent Non-Executive Director exercised options to buy HK$473k worth of stock. On the 5th of July, Siu Ki Lau exercised options to buy 260k shares at a strike price of around HK$1.21, costing a total of HK$314k. As of today, Siu Ki currently holds no shares directly. This was the only transaction from an insider over the last 12 months. Price Target Changed • Mar 27
Price target decreased to HK$2.17 Down from HK$3.01, the current price target is an average from 3 analysts. New target price is 8.9% above last closing price of HK$1.99. Stock is down 35% over the past year. Reported Earnings • Mar 26
Full year 2020 earnings released: HK$0.074 loss per share (vs HK$0.062 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: HK$5.06b (down 13% from FY 2019). Net loss: HK$194.1m (down 228% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 24% per year. Price Target Changed • Mar 09
Price target lowered to HK$3.03 Down from HK$3.35, the current price target is an average from 3 analysts. The new target price is 31% above the current share price of HK$2.31. As of last close, the stock is down 31% over the past year. Is New 90 Day High Low • Dec 08
New 90-day low: HK$2.42 The company is down 25% from its price of HK$3.24 on 09 September 2020. The Hong Kong market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$0.47 per share. Is New 90 Day High Low • Oct 27
New 90-day low: HK$2.58 The company is down 20% from its price of HK$3.21 on 29 July 2020. The Hong Kong market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$0.50 per share. Price Target Changed • Sep 22
Price target lowered to HK$3.22 Down from HK$3.48, the current price target is an average from 2 analysts. The new target price is 9.0% above the current share price of HK$2.95. As of last close, the stock is up 54% over the past year.