New Risk • Apr 04
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: US$4.5m This is considered a minor risk. Companies with a small amount of revenue 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 Shareholders have been substantially diluted in the past year (264% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Revenue is less than US$5m (US$4.5m revenue). Market cap is less than US$100m (US$68.4m market cap). Reported Earnings • Apr 04
Full year 2025 earnings released: US$2.22 loss per share (vs US$0.43 loss in FY 2024) Full year 2025 results: US$2.22 loss per share (further deteriorated from US$0.43 loss in FY 2024). Net loss: US$47.4m (loss widened US$43.4m from FY 2024). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. New Risk • Feb 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$95.4m 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 Shareholders have been substantially diluted in the past year (264% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (US$95.4m market cap). New Risk • Jan 16
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 American 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). Shareholders have been substantially diluted in the past year (264% increase in shares outstanding). Reported Earnings • Nov 17
Third quarter 2025 earnings released: EPS: US$0.046 (vs US$0.19 in 3Q 2024) Third quarter 2025 results: EPS: US$0.046 (down from US$0.19 in 3Q 2024). Revenue: US$998.8k (down 80% from 3Q 2024). Net income: US$1.51m (down 12% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Board Change • Nov 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Co-CEO & Executive Director Tung Moe Chan was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 23
Alset Inc., Annual General Meeting, Dec 04, 2025 Alset Inc., Annual General Meeting, Dec 04, 2025. Recent Insider Transactions • Sep 18
Founder recently sold US$1.3m worth of stock On the 12th of September, Heng Fai Chan sold around 500k shares on-market at roughly US$2.67 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Heng Fai has been a net seller over the last 12 months, reducing personal holdings by US$2.1m. New Risk • Aug 20
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 American stocks, typically moving 17% 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 (17% average weekly change). Shareholders have been substantially diluted in the past year (325% increase in shares outstanding). Minor Risk Market cap is less than US$100m (US$46.3m market cap). Reported Earnings • Aug 15
Second quarter 2025 earnings released: US$0.71 loss per share (vs US$0.13 loss in 2Q 2024) Second quarter 2025 results: US$0.71 loss per share (further deteriorated from US$0.13 loss in 2Q 2024). Revenue: US$1.10m (down 2.5% from 2Q 2024). Net loss: US$8.22m (loss widened US$6.98m from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. New Risk • Aug 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 326% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 5.2% per year over the past 5 years. Shareholders have been substantially diluted in the past year (326% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Market cap is less than US$100m (US$47.5m market cap). Announcement • Jul 24
Alset Inc. (NasdaqCM:AEI) completed the acquisition of New Energy Asia Pacific Inc. from Chan Heng Fai. Alset Inc. (NasdaqCM:AEI) entered binding term sheet to acquire New Energy Asia Pacific Inc. from Chan Heng Fai for approximately $100 million on December 13, 2023. Alset Inc. (NasdaqCM:AEI) entered into an amended term sheet to acquire New Energy Asia Pacific Inc. from Chan Heng Fai for $83 million on May 8,2025. The consideration is $83 million in the form of a promissory note convertible into newly issued shares of Alset's common stock. The convertible note shall have an interest rate of 1% per annum. The closing of the transaction contemplated by the amended term sheet will be subject to certain closing conditions, including receiving consent of the stockholders holding a majority of Alset’s issued and outstanding shares and all necessary regulatory approvals/clearances. The amended term sheet has been approved by the Audit Committee of the Board of Directors and by the Board of Directors of Alset. As of May 23, 2025, Chan Heng Fai, the holder of a majority of the issued and outstanding shares of common stock of the Company, by written consent approved the acquisition of New Energy Asia Pacific Inc. As of May 22, 2025, by and among Chan Heng Fai (the “Seller”), and Alset (or the “Purchaser”) and the issuance of up to 27,666,667 shares of the Company’s common stock upon conversion of the convertible promissory note issued to the Seller pursuant to the Stock Purchase Agreement.
ValueScope, Inc. acted as fairness opinion provider of Alset Inc.
Alset Inc. (NasdaqCM:AEI) completed the acquisition of New Energy Asia Pacific Inc. from Chan Heng Fai on July 23, 2025. New Risk • Jun 30
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 American stocks, typically moving 14% 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 5.2% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (US$11.0m market cap). Reported Earnings • May 17
First quarter 2025 earnings released: US$0.78 loss per share (vs US$0.73 loss in 1Q 2024) First quarter 2025 results: US$0.78 loss per share (further deteriorated from US$0.73 loss in 1Q 2024). Revenue: US$1.07m (down 82% from 1Q 2024). Net loss: US$8.33m (loss widened 23% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings. Announcement • May 16
Alset Inc. Receives Non-Compliance Letter from Nasdaq Regarding Minimum Bid Price Requirement On May 13, 2025, Alset Inc. (the Company") received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (Nasdaq") notifying the Company that, because the closing bid price for the Company's common stock listed on Nasdaq was below $1.00 for 30 consecutive trading days, the Company no longer meets the minimum bid price requirement for continued listing on The Nasdaq Capital Market under Nasdaq Marketplace Rule 5550(a)(2), requiring a minimum bid price of $1.00 per share (the Minimum Bid Price Requirement"). The notification has no immediate effect on the listing of the Company's common stock. In accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from May 13, 2025, or until November 10, 2025, to regain compliance with the Minimum Bid Price Requirement. If at any time before November 10, 2025, the bid price of the Company's common stock closes at or above $1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written notification that the Company has achieved compliance with the Minimum Bid Price Requirement. The notification letter also disclosed that in the event the Company does not regain compliance with the Minimum Bid Price Requirement by November 10, 2025, the Company may be eligible for additional time. To qualify for additional time, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and would need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company meets these requirements, Nasdaq will inform the Company that it has been granted an additional 180 calendar days to regain compliance. However, if it appears to the staff of Nasdaq (the Staff") that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, the Staff would notify the Company that its securities will be subject to delisting. In the event of such notification, the Company may appeal the Staff's determination to delist its securities, but there can be no assurance the Staff would grant the Company's request for continued listing. The Company intends to continue actively monitoring the bid price for its common stock between now and November 10, 2025 and will consider available options to resolve the deficiency and regain compliance with the Minimum Bid Price Requirement. Reported Earnings • Apr 01
Full year 2024 earnings released: US$0.43 loss per share (vs US$6.52 loss in FY 2023) Full year 2024 results: US$0.43 loss per share (improved from US$6.52 loss in FY 2023). Revenue: US$21.1m (down 4.4% from FY 2023). Net loss: US$3.97m (loss narrowed 93% from FY 2023). Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Feb 19
Founder recently bought US$62k worth of stock On the 13th of February, Heng Fai Chan bought around 50k shares on-market at roughly US$1.23 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 US$294k. Heng Fai has been a buyer over the last 12 months, purchasing a net total of US$1.6m worth in shares. Recent Insider Transactions • Feb 12
Founder recently bought US$294k worth of stock On the 7th of February, Heng Fai Chan bought around 291k shares on-market at roughly US$1.01 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Heng Fai has been a buyer over the last 12 months, purchasing a net total of US$1.5m worth in shares. Recent Insider Transactions • Jan 30
Founder recently bought US$93k worth of stock On the 27th of January, Heng Fai Chan bought around 100k shares on-market at roughly US$0.93 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Heng Fai has been a buyer over the last 12 months, purchasing a net total of US$1.2m worth in shares. New Risk • Jan 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 25% per year over the past 5 years. Market cap is less than US$10m (US$9.68m market cap). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Announcement • Jan 04
Alset Inc. has completed a Follow-on Equity Offering in the amount of $1.5 million. Alset Inc. has completed a Follow-on Equity Offering in the amount of $1.5 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,500,000
Price\Range: $1
Discount Per Security: $0.07
Transaction Features: Registered Direct Offering Announcement • Jan 03
Alset Inc. has filed a Follow-on Equity Offering in the amount of $1.5 million. Alset Inc. has filed a Follow-on Equity Offering in the amount of $1.5 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,500,000
Price\Range: $1
Discount Per Security: $0.07
Transaction Features: Registered Direct Offering Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: US$0.19 (vs US$1.73 loss in 3Q 2023) Third quarter 2024 results: EPS: US$0.19 (up from US$1.73 loss in 3Q 2023). Revenue: US$4.96m (up 401% from 3Q 2023). Net income: US$1.72m (up US$17.7m from 3Q 2023). Profit margin: 35% (up from net loss in 3Q 2023). New Risk • Nov 15
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.97m This is considered a major 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 (20% average weekly change). Earnings have declined by 31% per year over the past 5 years. Market cap is less than US$10m (US$9.97m market cap). Announcement • Oct 18
Alset Inc., Annual General Meeting, Dec 05, 2024 Alset Inc., Annual General Meeting, Dec 05, 2024. Reported Earnings • Aug 15
Second quarter 2024 earnings released: US$0.13 loss per share (vs US$0.63 loss in 2Q 2023) Second quarter 2024 results: US$0.13 loss per share (improved from US$0.63 loss in 2Q 2023). Revenue: US$1.13m (down 94% from 2Q 2023). Net loss: US$1.24m (loss narrowed 79% from 2Q 2023). New Risk • Jul 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.97m This is considered a major 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 (20% average weekly change). Earnings have declined by 35% per year over the past 5 years. Market cap is less than US$10m (US$9.97m market cap). Recent Insider Transactions • Jun 13
Founder recently bought US$72k worth of stock On the 10th of June, Heng Fai Chan bought around 67k shares on-market at roughly US$1.08 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth US$199k. Heng Fai has been a buyer over the last 12 months, purchasing a net total of US$691k worth in shares. Recent Insider Transactions • May 31
Founder recently bought US$199k worth of stock On the 28th of May, Heng Fai Chan bought around 291k shares on-market at roughly US$0.68 per share. This transaction amounted to 5.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Heng Fai has been a buyer over the last 12 months, purchasing a net total of US$233k worth in shares. Announcement • May 24
Alset Inc. (NasdaqCM:AEI) entered into a Securities Purchase Agreement to acquire approximately 13.9% stake in DSS, Inc. (NYSEAM:DSS) from Chan Heng Fai and Heng Fai Holdings Limited for $1.7 million. Alset Inc. (NasdaqCM:AEI) entered into a Securities Purchase Agreement to acquire approximately 13.9% stake in DSS, Inc. (NYSEAM:DSS) from Chan Heng Fai and Heng Fai Holdings Limited for $1.7 million on May 21, 2024. Pursuant to the securities purchase agreement, Alset will purchase 982,303 shares of DSS Inc., a NYSE-listed company. These shares include 979,325 shares of DSS common stock to be acquired from Chan Heng Fai and 2,978 shares to be acquired from Heng Fai Holdings Limited (collectively, the “Shares”). The Shares represent approximately 13.9% of the total issued and outstanding shares of DSS as of the date hereof. As consideration for the Shares, Alset will issue a total of 3,316,488 shares of its common stock to Chan Heng Fai and Heng Fai Holdings Limited. The closing of the transaction remain subject to the approval of Alset’s stockholders and no objection from the Nasdaq. Approval of the transaction was granted by the Board of Directors of Alset during a meeting of the Board held on May 6, 2024. Reported Earnings • May 17
First quarter 2024 earnings released: US$0.73 loss per share (vs US$0.46 loss in 1Q 2023) First quarter 2024 results: US$0.73 loss per share (further deteriorated from US$0.46 loss in 1Q 2023). Revenue: US$6.09m (up US$5.16m from 1Q 2023). Net loss: US$6.77m (loss widened 76% from 1Q 2023). Announcement • Apr 19
Alset Receives Written Notice from Nasdaq Regarding Non-Compliance with the Minimum Bid Price Requirement for Continued Listing on the Nasdaq Capital Market Pursuant to Nasdaq Listing Rule 5550(a)(2) On April 15, 2024, Alset Inc. (the ‘Company’) received written notice (the ‘Notice’) from the Listing Qualifications Staff (the ‘Staff’) of the Nasdaq Stock Market, LLC (‘Nasdaq’) notifying the Company that for the last 30 consecutive business days prior to the date of the Notice, the Company’s bid price was below the minimum $1 required for continued listing on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the ‘Bid Price Requirement’). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), Nasdaq has provided the Company with 180 calendar days, or until October 12, 2024, (the ‘Compliance Date’), to regain compliance with the Bid Price Requirement. If, at any time before the Compliance Date, the closing bid price of the Company’s common stock is at least $1 for a minimum of ten consecutive business days, the Nasdaq will provide written confirmation to the Company and close the matter. The Notice does not result in the delisting of the Company’s common stock from the Nasdaq Capital Market. However, in the event the Company does not regain compliance with the Bid Price Requirement prior to the Compliance Date, the Company will receive written notification that its common stock will be subject to delisting. At that time, the Company may appeal the Staff’s delisting determination to a Nasdaq Hearings Panel. The Company is evaluating potential actions to regain compliance with the Bid Price Requirement and intends to actively monitor the price of its common stock. Reported Earnings • Apr 02
Full year 2023 earnings released: US$6.52 loss per share (vs US$6.22 loss in FY 2022) Full year 2023 results: US$6.52 loss per share (further deteriorated from US$6.22 loss in FY 2022). Revenue: US$22.1m (up 393% from FY 2022). Net loss: US$58.9m (loss widened 46% from FY 2022). New Risk • Feb 15
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.97m This is considered a major 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 Earnings have declined by 42% per year over the past 5 years. Market cap is less than US$10m (US$9.97m market cap). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). New Risk • Dec 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.88m This is considered a major 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 Earnings have declined by 42% per year over the past 5 years. Market cap is less than US$10m (US$9.88m market cap). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). Reported Earnings • Nov 17
Third quarter 2023 earnings released: US$1.73 loss per share (vs US$1.58 loss in 3Q 2022) Third quarter 2023 results: US$1.73 loss per share (further deteriorated from US$1.58 loss in 3Q 2022). Revenue: US$990.2k (up 37% from 3Q 2022). Net loss: US$16.0m (loss widened 37% from 3Q 2022). Announcement • Nov 04
Alset Inc., Annual General Meeting, Dec 14, 2023 Alset Inc., Annual General Meeting, Dec 14, 2023, at 09:00 US Eastern Standard Time. Agenda: To elect seven (7) directors, each to hold office until the 2024 annual meeting of stockholders and until his or her successor is elected and qualified; to ratify the appointment of Grassi & Co., CPAs, P.C. as our independent registered public accounting firm for the year ending December 31, 2023; and to approve the reincorporation of the Company in Nevada and the change of the Company’s name to “Alset International Inc.” (the “Reincorporation Proposal”). Reported Earnings • Aug 16
Second quarter 2023 earnings released: US$0.63 loss per share (vs US$1.46 loss in 2Q 2022) Second quarter 2023 results: US$0.63 loss per share (improved from US$1.46 loss in 2Q 2022). Revenue: US$19.2m (up US$18.2m from 2Q 2022). Net loss: US$5.81m (loss narrowed 35% from 2Q 2022). Recent Insider Transactions • Jun 04
Founder recently bought US$361k worth of stock On the 31st of May, Fai Heng Chan bought around 200k shares on-market at roughly US$1.80 per share. This transaction amounted to 4.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Fai Heng has been a buyer over the last 12 months, purchasing a net total of US$1.2m worth in shares. Reported Earnings • May 18
First quarter 2023 earnings released: US$0.46 loss per share (vs US$1.30 loss in 1Q 2022) First quarter 2023 results: US$0.46 loss per share (improved from US$1.30 loss in 1Q 2022). Net loss: US$3.86m (loss narrowed 40% from 1Q 2022). Announcement • Feb 07
Alset Inc. has completed a Follow-on Equity Offering in the amount of $3.800001 million. Alset Inc. has completed a Follow-on Equity Offering in the amount of $3.800001 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,727,273
Price\Range: $2.2 Recent Insider Transactions • Dec 26
Founder & Chairman of the Board recently bought US$175k worth of stock On the 21st of December, Heng Fai Chan bought around 922k shares on-market at roughly US$0.19 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth US$251k. Heng Fai has been a buyer over the last 12 months, purchasing a net total of US$6.5m worth in shares. Recent Insider Transactions • Nov 23
Founder & Chairman of the Board recently bought US$59k worth of stock On the 18th of November, Heng Fai Chan bought around 343k shares on-market at roughly US$0.17 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 US$251k. Heng Fai has been a buyer over the last 12 months, purchasing a net total of US$5.9m worth in shares. Reported Earnings • Nov 16
Third quarter 2022 earnings released: US$0.079 loss per share (vs US$0.19 loss in 3Q 2021) Third quarter 2022 results: US$0.079 loss per share. Net loss: US$11.7m (loss widened 65% from 3Q 2021). Board Change • Nov 16
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Aston Wong is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Nov 02
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Aston Wong is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Oct 05
Founder recently bought US$251k worth of stock On the 30th of September, Heng Fai Chan bought around 1m shares on-market at roughly US$0.25 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Heng Fai has been a buyer over the last 12 months, purchasing a net total of US$5.9m worth in shares. Reported Earnings • Aug 17
Second quarter 2022 earnings released: US$0.073 loss per share (vs US$6.03 loss in 2Q 2021) Second quarter 2022 results: US$0.073 loss per share (up from US$6.03 loss in 2Q 2021). Revenue: US$926.3k (down 86% from 2Q 2021). Net loss: US$8.99m (loss narrowed 87% from 2Q 2021). Reported Earnings • May 14
First quarter 2022 earnings released: US$0.065 loss per share (vs US$0.73 loss in 1Q 2021) First quarter 2022 results: US$0.065 loss per share. Revenue: US$1.95m (down 65% from 1Q 2021). Net loss: US$6.47m (loss widened 3.7% from 1Q 2021). Recent Insider Transactions • Apr 09
Founder recently bought US$1.5m worth of stock On the 4th of April, Heng Fai Chan bought around 3m shares on-market at roughly US$0.53 per share. This was the largest purchase by an insider in the last 3 months. Heng Fai has been a buyer over the last 12 months, purchasing a net total of US$4.8m worth in shares. Reported Earnings • Apr 02
Full year 2021 earnings released: US$3.69 loss per share (vs US$0.25 loss in FY 2020) Full year 2021 results: US$3.69 loss per share (down from US$0.25 loss in FY 2020). Revenue: US$19.5m (up 20% from FY 2020). Net loss: US$103.3m (loss widened US$101.2m from FY 2020). Recent Insider Transactions Derivative • Jan 30
Founder exercised options to buy US$3.3m worth of stock. On the 27th of January, Heng Fai Chan exercised options to buy 10m shares at a strike price of around US$0.63, costing a total of US$6.3m. This transaction amounted to 39% of their direct individual holding at the time of the trade. Since March 2021, Heng Fai's direct individual holding has increased from 6.38m shares to 25.53m. Company insiders have collectively bought US$60m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Nov 18
Third quarter 2021 earnings released: US$0.19 loss per share (vs US$1.53 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$4.80m (up 123% from 3Q 2020). Net loss: US$7.11m (loss narrowed 27% from 3Q 2020). Reported Earnings • Aug 18
Second quarter 2021 earnings released: US$6.03 loss per share (vs US$0.07 loss in 2Q 2020) The company reported a decent second quarter result with improved revenues, although losses increased and control over costs was weaker. Second quarter 2021 results: Revenue: US$6.54m (up 217% from 2Q 2020). Net loss: US$66.7m (loss widened US$66.0m from 2Q 2020). Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director William Wu was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 29
Third quarter 2020 earnings released: US$1.53 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: US$2.15m (down 60% from 3Q 2019). Net loss: US$9.78m (down US$10.5m from profit in 3Q 2019). Announcement • Dec 02
Hf Enterprises Inc. Announces Executive Changes HF Enterprises Inc. announced Effective as of November 30, 2020, the Board of Directors of HF Enterprises Inc., a Delaware corporation (the Company), has appointed Mr. William Wu as a non-executive, independent member of the Companys Board. Mr. Wu has also been appointed as a member of the Audit Committee and the Compensation Committee of the Board.