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Tungtex (Holdings)

OTCPK:TUGH.F
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TUGH.F
OTCPK
HK$311M
Market Cap
  1. Home
  2. US
  3. Consumer Durables
Company description

Tungtex (Holdings) Company Limited, an investment holding company, manufactures, sells, retails, and trades in garments in North America, Asia, Europe, and internationally. The last earnings update was 23 days ago. More info.


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TUGH.F Share Price and Events
7 Day Returns
0%
OTCPK:TUGH.F
1.9%
US Luxury
2%
US Market
1 Year Returns
-
OTCPK:TUGH.F
3.2%
US Luxury
-9%
US Market
TUGH.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tungtex (Holdings) (TUGH.F) 0% 0% - - - -
US Luxury 1.9% -6% -13.7% 3.2% 16.7% 22.1%
US Market 2% -6.3% -12.5% -9% 30.5% 30%
1 Year Return vs Industry and Market
  • No trading data on TUGH.F.
  • No trading data on TUGH.F.
Price Volatility
TUGH.F
Industry
5yr Volatility vs Market

TUGH.F Value

 Is Tungtex (Holdings) undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Tungtex (Holdings). This is due to cash flow or dividend data being unavailable. The share price is $0.1.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tungtex (Holdings)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tungtex (Holdings)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:TUGH.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in HKD HK$-0.14
SEHK:518 Share Price ** SEHK (2018-10-08) in HKD HK$0.67
United States of America Luxury Industry PE Ratio Median Figure of 37 Publicly-Listed Luxury Companies 17.98x
United States of America Market PE Ratio Median Figure of 3,017 Publicly-Listed Companies 16.41x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tungtex (Holdings).

OTCPK:TUGH.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:518 Share Price ÷ EPS (both in HKD)

= 0.67 ÷ -0.14

-4.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tungtex (Holdings) is loss making, we can't compare its value to the US Luxury industry average.
  • Tungtex (Holdings) is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Tungtex (Holdings)'s expected growth come at a high price?
Raw Data
OTCPK:TUGH.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Luxury Industry PEG Ratio Median Figure of 24 Publicly-Listed Luxury Companies 1.65x
United States of America Market PEG Ratio Median Figure of 2,101 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Tungtex (Holdings), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tungtex (Holdings)'s assets?
Raw Data
OTCPK:TUGH.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in HKD HK$0.86
SEHK:518 Share Price * SEHK (2018-10-08) in HKD HK$0.67
United States of America Luxury Industry PB Ratio Median Figure of 47 Publicly-Listed Luxury Companies 1.55x
United States of America Market PB Ratio Median Figure of 5,085 Publicly-Listed Companies 1.68x
OTCPK:TUGH.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:518 Share Price ÷ Book Value per Share (both in HKD)

= 0.67 ÷ 0.86

0.78x

* Primary Listing of Tungtex (Holdings).

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tungtex (Holdings) is good value based on assets compared to the US Luxury industry average.
X
Value checks
We assess Tungtex (Holdings)'s value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Tungtex (Holdings) has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TUGH.F Future Performance

 How is Tungtex (Holdings) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Tungtex (Holdings) 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.9%
Expected Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tungtex (Holdings) expected to grow at an attractive rate?
  • Unable to compare Tungtex (Holdings)'s earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Tungtex (Holdings)'s earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Tungtex (Holdings)'s revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:TUGH.F Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Luxury Industry Earnings Growth Rate Market Cap Weighted Average 15.9%
United States of America Luxury Industry Revenue Growth Rate Market Cap Weighted Average 6.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:TUGH.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:TUGH.F Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-09-30 1,005 -73 -64
2018-06-30 1,002 -86 -56
2018-03-31 998 -99 -47
2017-12-31 994 -90 -72
2017-09-30 990 -81 -98
2017-06-30 981 -69 -109
2017-03-31 971 -57 -120
2016-12-31 994 -62 -108
2016-09-30 1,016 -66 -96
2016-06-30 1,032 -64 -81
2016-03-31 1,047 -62 -65
2015-12-31 1,083 -41 52

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Tungtex (Holdings) is high growth as no earnings estimate data is available.
  • Unable to determine if Tungtex (Holdings) is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:TUGH.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Tungtex (Holdings) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TUGH.F Past Financials Data
Date (Data in HKD Millions) EPS *
2018-09-30 -0.14
2018-06-30 -0.12
2018-03-31 -0.10
2017-12-31 -0.16
2017-09-30 -0.22
2017-06-30 -0.25
2017-03-31 -0.28
2016-12-31 -0.25
2016-09-30 -0.23
2016-06-30 -0.19
2016-03-31 -0.16
2015-12-31 0.12

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Tungtex (Holdings) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Tungtex (Holdings)'s financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Tungtex (Holdings)'s future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Durables companies here
  3. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Tungtex (Holdings)'s filings and announcements here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Tungtex (Holdings)'s future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tungtex (Holdings) has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TUGH.F Past Performance

  How has Tungtex (Holdings) performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Tungtex (Holdings)'s growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tungtex (Holdings) does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Tungtex (Holdings)'s 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Tungtex (Holdings)'s 1-year growth to the US Luxury industry average as it is not currently profitable.
Earnings and Revenue History
Tungtex (Holdings)'s revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tungtex (Holdings) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TUGH.F Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 1,005.23 -64.48 285.62
2018-06-30 1,001.65 -55.51 287.42
2018-03-31 998.07 -46.55 289.23
2017-12-31 994.08 -72.42 279.69
2017-09-30 990.08 -98.29 270.16
2017-06-30 980.53 -108.96 274.98
2017-03-31 970.97 -119.64 279.81
2016-12-31 993.59 -107.71 283.26
2016-09-30 1,016.21 -95.78 286.71
2016-06-30 1,031.85 -80.62 290.98
2016-03-31 1,047.49 -65.45 295.25
2015-12-31 1,082.82 52.01 301.79
2015-09-30 1,118.15 169.46 308.33
2015-06-30 1,200.59 183.52 312.18
2015-03-31 1,283.03 197.58 316.03
2014-12-31 1,312.96 83.35 321.95
2014-09-30 1,342.89 -30.87 327.87
2014-06-30 1,357.75 -37.38 336.87
2014-03-31 1,372.62 -43.89 345.87
2013-12-31 1,406.15 -22.90 346.61
2013-09-30 1,439.69 -1.91 347.35
2013-06-30 1,457.87 -7.90 345.04
2013-03-31 1,476.06 -13.90 342.73
2012-12-31 1,512.82 -20.92 342.31
2012-09-30 1,549.58 -27.94 341.88
2012-06-30 1,575.09 -23.29 341.87
2012-03-31 1,600.59 -18.63 341.85

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Tungtex (Holdings) has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Tungtex (Holdings) has efficiently used its assets last year compared to the US Luxury industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Tungtex (Holdings) improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Tungtex (Holdings)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tungtex (Holdings) has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TUGH.F Health

 How is Tungtex (Holdings)'s financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Tungtex (Holdings)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tungtex (Holdings) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tungtex (Holdings)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tungtex (Holdings)'s finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Tungtex (Holdings) Company Filings, last reported 3 months ago.

OTCPK:TUGH.F Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 390.85 148.58 120.53
2018-06-30 390.85 148.58 120.53
2018-03-31 467.99 145.93 192.31
2017-12-31 467.99 145.93 192.31
2017-09-30 437.13 112.20 170.73
2017-06-30 437.13 112.20 170.73
2017-03-31 467.01 126.41 253.94
2016-12-31 467.01 126.41 253.94
2016-09-30 489.15 84.13 151.88
2016-06-30 489.15 84.13 151.88
2016-03-31 560.51 93.65 221.94
2015-12-31 560.51 93.65 221.94
2015-09-30 604.92 56.59 190.55
2015-06-30 604.92 56.59 190.55
2015-03-31 647.84 74.62 267.16
2014-12-31 647.84 74.62 267.16
2014-09-30 509.27 313.82 153.57
2014-06-30 509.27 313.82 153.57
2014-03-31 521.32 307.87 196.14
2013-12-31 521.32 307.87 196.14
2013-09-30 545.65 253.66 174.91
2013-06-30 545.65 253.66 174.91
2013-03-31 458.04 227.72 272.88
2012-12-31 458.04 227.72 272.88
2012-09-30 456.31 81.58 188.35
2012-06-30 456.31 81.58 188.35
2012-03-31 493.05 45.33 215.94
  • Tungtex (Holdings)'s level of debt (38%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (46.6% vs 38% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Tungtex (Holdings) has sufficient cash runway for 1.6 years based on current free cash flow.
  • Tungtex (Holdings) has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 80.9% each year.
X
Financial health checks
We assess Tungtex (Holdings)'s financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tungtex (Holdings) has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TUGH.F Dividends

 What is Tungtex (Holdings)'s current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Tungtex (Holdings) dividends.
If you bought $2,000 of Tungtex (Holdings) shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Tungtex (Holdings)'s dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Tungtex (Holdings)'s dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:TUGH.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Luxury Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 1.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1985 Stocks 2.7%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:TUGH.F Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2016-11-29 0.000 0.000
2016-07-21 0.010 0.998
2016-06-27 0.010 0.914
2015-11-27 0.010 1.197
2013-07-22 0.020 2.072
2013-06-28 0.020 2.649
2012-11-30 0.030 3.823
2012-06-28 0.000 0.000
2011-11-29 0.000 0.000
2011-06-29 0.085 7.781
2010-11-29 0.068 4.605
2010-06-30 0.060 4.228
2009-12-09 0.113 6.923
2009-07-08 0.120 8.017
2009-01-06 0.163 15.564

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Tungtex (Holdings) has not reported any payouts.
  • Unable to verify if Tungtex (Holdings)'s dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Tungtex (Holdings)'s earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Tungtex (Holdings) has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Tungtex (Holdings)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tungtex (Holdings) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tungtex (Holdings) has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TUGH.F Management

 What is the CEO of Tungtex (Holdings)'s salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Raymond Tung
COMPENSATION HK$2,082,000
AGE 53
TENURE AS CEO 1 years
CEO Bio

Mr. Wai Man Tung, also known as Raymond, has been a Managing Director of Tungtex (Holdings) Company Limited since January 12, 2018. Mr. Tung has been a Director of Tungtex (Holdings) Company Limited since 2000. Mr. Tung serves as an Executive Director of Tungtex Trading Company Limited. He holds a post-experience certificate in Engineering Business Management from the Hong Kong Polytechnic University.

CEO Compensation
  • Raymond's compensation has increased whilst company is loss making.
  • Raymond's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Tungtex (Holdings) management team in years:

1.4
Average Tenure
48
Average Age
  • The average tenure for the Tungtex (Holdings) management team is less than 2 years, this suggests a new team.
Management Team

Martin Tung

TITLE
Chairman
COMPENSATION
HK$2M
AGE
42

Raymond Tung

TITLE
MD & Executive Director
COMPENSATION
HK$2M
AGE
53
TENURE
1 yrs

Billy Tung

TITLE
MD of the Group's Retail Operation & Executive Director
COMPENSATION
HK$1M
AGE
41

Cheung Yiu Shan

TITLE
Chief Financial Officer
AGE
48
TENURE
2.4 yrs

Ray Chan

TITLE
Group Treasurer and Assistant General Manager
AGE
48

Hoi Liu

TITLE
Company Secretary
TENURE
1.4 yrs
Board of Directors Tenure

Average tenure and age of the Tungtex (Holdings) board of directors in years:

8.8
Average Tenure
53
Average Age
  • The tenure for the Tungtex (Holdings) board of directors is about average.
Board of Directors

Raymond Tung

TITLE
MD & Executive Director
COMPENSATION
HK$2M
AGE
53
TENURE
19 yrs

Billy Tung

TITLE
MD of the Group's Retail Operation & Executive Director
COMPENSATION
HK$1M
AGE
41
TENURE
8.8 yrs

Robert Yau

TITLE
Independent & Non-Executive Director
COMPENSATION
HK$170K
AGE
79
TENURE
12.3 yrs

Martin Tung

TITLE
Chairman
COMPENSATION
HK$2M
AGE
42
TENURE
2 yrs

Leslie Chang

TITLE
Independent & Non-Executive Director
COMPENSATION
HK$170K
AGE
72
TENURE
6.2 yrs

Tony Chang

TITLE
Independent & Non-Executive Director
COMPENSATION
HK$170K
AGE
62
TENURE
25 yrs

Kenneth Yuen

TITLE
Independent Non-Executive Director
AGE
43
TENURE
0.5 yrs

Monnie Tong

TITLE
Executive Director of Do Do Fashion Limited
AGE
56

Li Ki

TITLE
Executive Director of Do Do Fashion Limited
AGE
37
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
06. Aug 18 Buy Wykeham Capital Limited Company 01. Aug 18 01. Aug 18 1,988,000 $0.10 $206,396
09. Feb 18 Buy Michael Webb Individual 06. Feb 18 06. Feb 18 300,000 $0.11 $32,862
09. Feb 18 Buy Wykeham Capital Limited Company 06. Feb 18 06. Feb 18 2,504,000 $0.11 $274,068
X
Management checks
We assess Tungtex (Holdings)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Tungtex (Holdings) has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TUGH.F News

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TUGH.F Company Info

Map
Description

Tungtex (Holdings) Company Limited, an investment holding company, manufactures, sells, retails, and trades in garments in North America, Asia, Europe, and internationally. The company manufactures and exports ladies sportswear, casual wear, and suit pieces; and various women career and casual sportswear for department stores, chain stores, specialty stores, catalogs, and designer labels, as well as silk-blended, linen, cotton, and synthetic apparel products. It is also involved in retail business under the Betu brand in China. Tungtex (Holdings) Company Limited was founded in 1977 and is based in Kwun Tong, Hong Kong.

Details
Name: Tungtex (Holdings) Company Limited
TUGH.F
Exchange: OTCPK
Founded: 1977
HK$39,689,507
464,077,557
Website: http://www.tungtex.com
Address: Tungtex (Holdings) Company Limited
Tungtex Building,
12th Floor,
Kwun Tong,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 518 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jan 1992
OTCPK TUGH.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
Number of employees
Current staff
Staff numbers
3,200
Tungtex (Holdings) employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/01/05 23:50
End of day share price update: 2018/10/08 00:00
Last earnings filing: 2018/12/13
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.