New Risk • Jun 10
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 German stocks, typically moving 13% 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 (13% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 196% Cash payout ratio: 108% Minor Risk Large one-off items impacting financial results. Board Change • May 20
Less than half of directors are independent 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. 2 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Non-Executive Director Stanley Choi was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Mar 26
Glorious Sun Enterprises Limited, Annual General Meeting, May 21, 2026 Glorious Sun Enterprises Limited, Annual General Meeting, May 21, 2026. Tillkännagivande • Mar 11
Glorious Sun Enterprises Limited to Report Fiscal Year 2025 Results on Mar 26, 2026 Glorious Sun Enterprises Limited announced that they will report fiscal year 2025 results on Mar 26, 2026 Tillkännagivande • May 20
Glorious Sun Enterprises Limited Declares Final Dividend for the Year Ended 31 December 2024 Glorious Sun Enterprises Limited in its annual general meeting held on 19 May 2025, approved to declare the final dividend of 5.80 HK cents per share for the year ended 31 December 2024. Tillkännagivande • Mar 27
Glorious Sun Enterprises Limited, Annual General Meeting, May 19, 2025 Glorious Sun Enterprises Limited, Annual General Meeting, May 19, 2025. Tillkännagivande • Mar 12
Glorious Sun Enterprises Limited to Report Fiscal Year 2024 Results on Mar 27, 2025 Glorious Sun Enterprises Limited announced that they will report fiscal year 2024 results on Mar 27, 2025 Reported Earnings • Aug 26
First half 2024 earnings released: EPS: HK$0.016 (vs HK$0.012 in 1H 2023) First half 2024 results: EPS: HK$0.016 (up from HK$0.012 in 1H 2023). Revenue: HK$529.9m (up 17% from 1H 2023). Net income: HK$24.5m (up 39% from 1H 2023). Profit margin: 4.6% (up from 3.9% in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Declared Dividend • Aug 23
First half dividend of HK$0.04 announced Shareholders will receive a dividend of HK$0.04. Ex-date: 3rd September 2024 Payment date: 20th September 2024 Dividend yield will be 43%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (144% earnings payout ratio) nor is it covered by cash flows (131% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 60% to bring the payout ratio under control. However, EPS has remained steady over the last 5 years so the company would need to improve on their historical growth rates. Tillkännagivande • Aug 21
Glorious Sun Enterprises Limited Announces Interim Dividend for the Six Months Ended 30 June 2024, Payable 20 September 2024 Glorious Sun Enterprises Limited announced Interim dividend of HKD 0.04 per share for the six months ended 30 June 2024. Ex-dividend date 03 September 2024, Record date 09 September 2024 and Payment date 20 September 2024. Tillkännagivande • Aug 09
Glorious Sun Enterprises Limited to Report First Half, 2024 Results on Aug 21, 2024 Glorious Sun Enterprises Limited announced that they will report first half, 2024 results on Aug 21, 2024 Tillkännagivande • May 25
Glorious Sun Enterprises Limited Approves Final Dividend for the Year Ended December 31, 2023 Glorious Sun Enterprises Limited at its AGM held on May 24, 2024 approved final dividend of HKD 4.80 cents per share for the year ended 31 December 2023. Upcoming Dividend • May 21
Upcoming dividend of HK$0.048 per share Eligible shareholders must have bought the stock before 28 May 2024. Payment date: 19 June 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.2%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.6%). Buy Or Sell Opportunity • Apr 29
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 2.3% to €0.089. The fair value is estimated to be €0.073, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has declined by 35%. Buy Or Sell Opportunity • Apr 05
Now 26% undervalued Over the last 90 days, the stock has risen 1.8% to €0.086. The fair value is estimated to be €0.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has declined by 35%. Declared Dividend • Mar 27
Final dividend of HK$0.048 announced Shareholders will receive a dividend of HK$0.048. Ex-date: 28th May 2024 Payment date: 19th June 2024 Dividend yield will be 58%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (238% earnings payout ratio) nor is it covered by cash flows (118% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 164% to bring the payout ratio under control. However, EPS has declined by 11% over the last 5 years so the company would need to reverse this trend. Tillkännagivande • Mar 26
Glorious Sun Enterprises Limited, Annual General Meeting, May 24, 2024 Glorious Sun Enterprises Limited, Annual General Meeting, May 24, 2024. Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: HK$0.029 (vs HK$0.026 in FY 2022) Full year 2023 results: EPS: HK$0.029 (up from HK$0.026 in FY 2022). Revenue: HK$821.2m (down 23% from FY 2022). Net income: HK$43.6m (up 11% from FY 2022). Profit margin: 5.3% (up from 3.7% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Tillkännagivande • Mar 09
Glorious Sun Enterprises Limited to Report Fiscal Year 2023 Results on Mar 25, 2024 Glorious Sun Enterprises Limited announced that they will report fiscal year 2023 results on Mar 25, 2024 Upcoming Dividend • Sep 07
Upcoming dividend of HK$0.02 per share at 7.3% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 28 September 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.3%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.9%). Reported Earnings • Aug 31
First half 2023 earnings released: EPS: HK$0.012 (vs HK$0.011 in 1H 2022) First half 2023 results: EPS: HK$0.012 (up from HK$0.011 in 1H 2022). Revenue: HK$454.2m (down 20% from 1H 2022). Net income: HK$17.6m (up 9.7% from 1H 2022). Profit margin: 3.9% (up from 2.8% in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Tillkännagivande • Aug 30
Glorious Sun Enterprises Limited Announces Interim Dividend for the Six Months Ended 30 June 2023, Payable 28 September 2023 Glorious Sun Enterprises Limited announced Interim dividend of HKD 0.02 per share for the six months ended 30 June 2023. Ex-dividend date 14 September 2023,Record date 20 September 2023, Payment date 28 September 2023. Tillkännagivande • Aug 18
Glorious Sun Enterprises Limited to Report First Half, 2023 Results on Aug 29, 2023 Glorious Sun Enterprises Limited announced that they will report first half, 2023 results on Aug 29, 2023 Tillkännagivande • May 31
Glorious Sun Enterprises Limited Declares Final Dividend for the Year Ended December 31, 2022 At the Annual General Meeting of Glorious Sun Enterprises Limited held on 30 May 2023, declared the final dividend of HKD 4.00 cents per share for the year ended 31 December 2022. Upcoming Dividend • May 25
Upcoming dividend of HK$0.04 per share at 8.1% yield Eligible shareholders must have bought the stock before 01 June 2023. Payment date: 21 June 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 8.1%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.7%). Reported Earnings • Mar 28
Full year 2022 earnings released: EPS: HK$0.026 (vs HK$0.024 in FY 2021) Full year 2022 results: EPS: HK$0.026 (up from HK$0.024 in FY 2021). Revenue: HK$1.06b (up 6.3% from FY 2021). Net income: HK$39.2m (up 6.0% from FY 2021). Profit margin: 3.7% (in line with FY 2021). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 1% 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. 7 experienced directors. 1 highly experienced director. 4 independent directors (5 non-independent directors). Independent Non-Executive Director Stanley Choi was the last independent director to join the board, commencing their role in 2021. 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 08
Upcoming dividend of HK$0.02 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 29 September 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.9%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.4%). Reported Earnings • Aug 25
First half 2022 earnings released: EPS: HK$0.011 (vs HK$0.025 in 1H 2021) First half 2022 results: EPS: HK$0.011 (down from HK$0.025 in 1H 2021). Revenue: HK$569.9m (up 35% from 1H 2021). Net income: HK$16.1m (down 58% from 1H 2021). Profit margin: 2.8% (down from 9.1% in 1H 2021). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Tillkännagivande • Aug 25
Glorious Sun Enterprises Limited Announces Interim Dividend for the Six Months Ended June 30, 2022, Payable on September 29, 2022 Glorious Sun Enterprises Limited announced interim dividend of HKD 0.02 per share for the six months ended June 30, 2022. Ex-dividend date is September 15, 2022. Record date is September 21, 2022. Payment date is September 29, 2022. Tillkännagivande • Aug 13
Glorious Sun Enterprises Limited to Report First Half, 2022 Results on Aug 24, 2022 Glorious Sun Enterprises Limited announced that they will report first half, 2022 results on Aug 24, 2022 Tillkännagivande • Aug 09
Glorious Sun Enterprises Limited Provides Earnings Guidance for the Six Months Ended June 30, 2021 Glorious Sun Enterprises Limited provided earnings guidance for the six months ended June 30, 2021. For the six months, the company expected to record a decrease in the consolidated profit attributable to ordinary equity holders of the Company by approximately 50% to 60% in H1 2022 as compared to that for the first 6 months ended 30 June 2021. Tillkännagivande • May 26
Glorious Sun Enterprises Limited Approves Final Dividend for the Year Ended 31 December 2021 Glorious Sun Enterprises Limited announced at the AGM held on May 24, 2021 company approved final dividend of HK 4.00 cents per share for the year ended 31 December 2021. Upcoming Dividend • May 19
Upcoming dividend of HK$0.04 per share Eligible shareholders must have bought the stock before 26 May 2022. Payment date: 10 June 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.5%. Within top quartile of German dividend payers (4.4%). Higher than average of industry peers (2.9%). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Stanley Choi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Jan 28
Now 29% undervalued after recent price drop Over the last 90 days, the stock is down 2.5%. The fair value is estimated to be HK$0.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.7% per annum over the last 3 years. Earnings per share has declined by 6.5% per annum over the last 3 years. Tillkännagivande • Jan 19
Glorious Sun Enterprises Limited Provides Earnings Guidance for the Year Ended December 31, 2021 Glorious Sun Enterprises Limited provided earnings guidance for the year ended December 31, 2021. For the year, the company announced that the Group is expected to record substantial impairment loss on its debt investments at amortised cost for the financial year ended 31 December 2021, at amount which, if and when finalised, may be comparable to the consolidated profit attributable to the ordinary equity holders of the company of HKD 90,018,000 for the financial year ended 31 December 2020. Upcoming Dividend • Sep 03
Upcoming dividend of HK$0.02 per share Eligible shareholders must have bought the stock before 10 September 2021. Payment date: 28 September 2021. Trailing yield: 7.5%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (2.2%). Reported Earnings • Aug 26
First half 2021 earnings released: EPS HK$0.025 (vs HK$0.024 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: HK$421.9m (down 7.8% from 1H 2020). Net income: HK$38.4m (up 5.2% from 1H 2020). Profit margin: 9.1% (up from 8.0% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 4% per year. Executive Departure • Jun 09
Independent Non-Executive Director Shui Ming Chung has left the company On the 2nd of June, Shui Ming Chung's tenure as Independent Non-Executive Director ended after 16.8 years in the role. As of March 2021, Shui Ming still personally held only 408.00k shares (€33k worth at the time). A total of 3 executives have left over the last 12 months. Tillkännagivande • Jun 03
Glorious Sun Enterprises Limited Approves Final Dividend for the Year Ended December 31, 2020 Glorious Sun Enterprises Limited at its AGM held on June 2, 2021 approved final dividend of Hong Kong 4.20 cents per share for the year ended 31 December 2020. Upcoming Dividend • May 28
Upcoming dividend of HK$0.042 per share Eligible shareholders must have bought the stock before 04 June 2021. Payment date: 25 June 2021. Trailing yield: 7.1%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.2%). Reported Earnings • Apr 17
Full year 2020 earnings released: EPS HK$0.059 (vs HK$0.072 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: HK$707.5m (down 42% from FY 2019). Net income: HK$90.0m (down 18% from FY 2019). Profit margin: 13% (up from 9.1% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Mar 23
Full year 2020 earnings released: EPS HK$0.059 (vs HK$0.072 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: HK$707.5m (down 42% from FY 2019). Net income: HK$90.0m (down 18% from FY 2019). Profit margin: 13% (up from 9.1% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Tillkännagivande • Mar 06
Glorious Sun Enterprises Limited to Report Fiscal Year 2020 Results on Mar 22, 2021 Glorious Sun Enterprises Limited announced that they will report fiscal year 2020 results on Mar 22, 2021 Executive Departure • Mar 03
Deputy GM & Executive Director has left the company On the 1st of March, Sze Kee Pau's tenure in the role of Deputy GM & Executive Director ended. We don't have any record of a personal shareholding under Sze Kee's name. A total of 2 executives have left over the last 12 months. Tillkännagivande • Mar 03
Glorious Sun Enterprises Limited Announces Board Changes The board of directors of Glorious Sun Enterprises Limited announced that Mr. Pau Sze Kee, Jackson has resigned from his office as an executive director of the Company upon his retirement with effect from 1 March 2021
after his 24 years of service with the Company and following the retirement of Mr. Pau, he has also ceased to be an authorised representative of the Company for the purpose of Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited; (ii) the agent for accepting service of process and notices on behalf of the Company in Hong Kong (the "Process Agent") as required under Rule 19.05(2) of the Listing Rules; and (iii) a member of the remuneration committee of the Company. Ms. Yeung Yin Chi, Jennifer, an executive director of the Company, has been appointed as the Authorised Representative and the Process Agent of the Company with effect from 1 March 2021. Mr. Hui Chung Shing, Herman, an executive director of the Company, has been appointed as a member of the remuneration committee of the Company with effect from 1 March 2021. Tillkännagivande • Jan 29
Glorious Sun Enterprises Limited has completed a Follow-on Equity Offering in the amount of HKD 18 million. Glorious Sun Enterprises Limited has completed a Follow-on Equity Offering in the amount of HKD 18 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 15,000,000
Price\Range: HKD 1.2 Tillkännagivande • Jan 05
Glorious Sun Enterprises Limited Announces Resignation of Chan Wing Kan, Archie as Executive Director The board of directors of Glorious Sun Enterprises Limited announced that Mr. Chan Wing Kan, Archie ("Mr. Chan") has resigned from his office as an executive director of the Company upon his retirement with effect from 1 January 2021 after his 15 years of service with the Company. Mr. Chan has confirmed that he has no disagreement with the Board and there is no other matter relating to his retirement that needs to be brought to the attention of the shareholders of the Company. Tillkännagivande • Aug 14
Glorious Sun Enterprises Limited to Report First Half, 2020 Results on Aug 25, 2020 Glorious Sun Enterprises Limited announced that they will report first half, 2020 results on Aug 25, 2020