SEHK:3302

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Executive Summary

Kinergy Corporation Ltd., together with its subsidiaries, provides contract manufacturing, design, engineering, and assembly services for the electronics industry in Singapore, the Philippines, the United States, the People’s Republic of China, Japan, and internationally.


Snowflake Analysis

Flawless balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 3302's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-4.5%

3302

8.6%

HK Electronic

5.8%

HK Market


1 Year Return

-40.0%

3302

4.9%

HK Electronic

-4.0%

HK Market

Return vs Industry: 3302 underperformed the Hong Kong Electronic industry which returned 0.5% over the past year.

Return vs Market: 3302 underperformed the Hong Kong Market which returned -5.2% over the past year.


Shareholder returns

3302IndustryMarket
7 Day-4.5%8.6%5.8%
30 Day-16.0%3.4%4.0%
90 Day-28.8%-10.9%-2.6%
1 Year-39.2%-40.0%7.1%4.9%-0.6%-4.0%
3 Yearn/a-21.8%-27.5%1.3%-9.2%
5 Yearn/a13.2%-1.6%-9.2%-23.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 3302 (HK$0.42) is trading below our estimate of fair value (HK$0.92)

Significantly Below Fair Value: 3302 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 3302 is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.

PE vs Market: 3302 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 3302's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3302 is good value based on its PB Ratio (0.7x) compared to the HK Electronic industry average (0.7x).


Next Steps

Future Growth

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

20.5%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Kinergy has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Kinergy performed over the past 5 years?

-22.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3302 is currently unprofitable.

Growing Profit Margin: 3302 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 3302 is unprofitable, and losses have increased over the past 5 years at a rate of -22.7% per year.

Accelerating Growth: Unable to compare 3302's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 3302 is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-4.3%).


Return on Equity

High ROE: 3302 has a negative Return on Equity (-1.82%), as it is currently unprofitable.


Next Steps

Financial Health

How is Kinergy's financial position?


Financial Position Analysis

Short Term Liabilities: 3302's short term assets (SGD73.1M) exceed its short term liabilities (SGD16.1M).

Long Term Liabilities: 3302's short term assets (SGD73.1M) exceed its long term liabilities (SGD2.2M).


Debt to Equity History and Analysis

Debt Level: 3302 is debt free.

Reducing Debt: 3302 has no debt compared to 5 years ago when its debt to equity ratio was 3.6%.

Debt Coverage: 3302 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 3302 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

1.32%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 3302's dividend (1.32%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.44%).

High Dividend: 3302's dividend (1.32%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.14%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether 3302's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 3302's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: 3302 is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.7yrs

Average management tenure


CEO

Leslie Lim (73yo)

no data

Tenure

S$528,000

Compensation

Mr. Kuak Choi Lim, also known as Leslie, is a Co-founder Kinergy Corporation Ltd. (Alternatively, Kinergy Pte Ltd). and serves as Chief Executive Officer and is responsible for formulating and implementing ...


CEO Compensation Analysis

Compensation vs Market: Leslie's total compensation ($USD378.33K) is above average for companies of similar size in the Hong Kong market ($USD229.19K).

Compensation vs Earnings: Leslie's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Kuak Choi Lim
Co-Founderno dataS$528.00k29.21% SGD105.2m
Kim Kah Tay
Group Financial Controller & Executive Director0.58yrS$22.00k0.20% SGD714.0k
Xiaotang Du
Executive Directorno dataS$143.00k0.96% SGD3.4m
Khin Mann Lim
Executive Director1.08yrsS$88.00k2.23% SGD8.0m
Henry Wong
Chief Operating Officer1.67yrsno datano data
Jong Yuh Gn
Joint Company Secretary10.42yrsno datano data
Cheuk Wang Lee
joint Company Secretary0.58yrno datano data

1.7yrs

Average Tenure

48yo

Average Age

Experienced Management: 3302's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Kuak Choi Lim
Co-Founderno dataS$528.00k29.21% SGD105.2m
Kim Kah Tay
Group Financial Controller & Executive Director0.58yrS$22.00k0.20% SGD714.0k
Xiaotang Du
Executive Directorno dataS$143.00k0.96% SGD3.4m
Khin Mann Lim
Executive Director1.08yrsS$88.00k2.23% SGD8.0m
Sui Cheong Tsang
Non-Executive Directorno dataS$30.00kno data
Tiak Soon Ng
Independent Non-Executive Director2yrsS$20.00kno data
Ping Yang
Non-Executive Chairman of the Board0.58yrS$4.00kno data
Wei Zhang
Independent Non-Executive Director2yrsS$14.00kno data
Senerath Wickramanayaka Mudiyanselage Sunil Wickramanayaka
Independent Non-Executive Director2yrsS$14.00kno data

2.0yrs

Average Tenure

57yo

Average Age

Experienced Board: 3302's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Kinergy Corporation Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kinergy Corporation Ltd.
  • Ticker: 3302
  • Exchange: SEHK
  • Founded: 1988
  • Industry: Electronic Manufacturing Services
  • Sector: Tech
  • Market Cap: HK$360.116m
  • Shares outstanding: 857.42m
  • Website: https://www.kinergy.com.sg

Number of Employees


Location

  • Kinergy Corporation Ltd.
  • 1 Changi North Street 1
  • Lobby 2
  • Singapore
  • 498789
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3302SEHK (The Stock Exchange of Hong Kong Ltd.)YesNew Ordinary SharesHKHKDJul 2018

Biography

Kinergy Corporation Ltd., together with its subsidiaries, provides contract manufacturing, design, engineering, and assembly services for the electronics industry in Singapore, the Philippines, the United States, the People’s Republic of China, Japan, and internationally. It operates through two segments, Electronics Manufacturing Services (EMS) and Original Design Manufacturing (ODM). The EMS segment manufactures and sells sub-systems, such as work-holders, sliders, and magazine handlers; complete machines, including dicing machines, lapping machines, lifters, and polishing machines; and mechanical components for semiconductor processing equipment industry, as well as provides maintenance and commissioning services. The ODM segment designs, develops, manufactures, and sells automated equipment, such as auto frame loader, auto-buffing equipment, and strip laser markers; precision tools, such as encapsulation moulds and dies; and spare parts. It offers its products under the Kinergy brand. The company is also involved in marketing and logistics business; and the procurement of materials. The company was formerly known as Kinergy Ltd and changed its name to Kinergy Corporation Ltd. in December 2013. Kinergy Corporation Ltd. was founded in 1988 and is headquartered in Singapore. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/04 05:35
End of Day Share Price2020/06/03 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.