Board Change • May 20
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 not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Lead Independent Non-Executive Director Wilson Cheung was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Mar 26
Truly International Holdings Limited, Annual General Meeting, May 12, 2026 Truly International Holdings Limited, Annual General Meeting, May 12, 2026, at 10:00 China Standard Time. Duyuru • Mar 11
Truly International Holdings Limited to Report Fiscal Year 2025 Results on Mar 26, 2026 Truly International Holdings Limited announced that they will report fiscal year 2025 results on Mar 26, 2026 Board Change • Dec 30
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Lead Independent Non-Executive Director Wilson Cheung was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Aug 15
Truly International Holdings Limited to Report First Half, 2025 Results on Aug 27, 2025 Truly International Holdings Limited announced that they will report first half, 2025 results on Aug 27, 2025 Duyuru • May 12
Truly International Holdings Limited Approves Final Dividend for the Year Ended 31 December 2024 Truly International Holdings Limited at the AGM held on 12 May 2025, approved the final dividend of 5 HongKong cents per ordinary share of the Company in respect of the year ended 31 December 2024. Duyuru • Mar 13
Truly International Holdings Limited to Report Fiscal Year 2024 Results on Mar 26, 2025 Truly International Holdings Limited announced that they will report fiscal year 2024 results on Mar 26, 2025 Duyuru • Nov 15
Truly International Holdings Limited Appoints Ms. Lam Po Chun, Jane as Non-Executive Director The board of directors of Truly International Holdings Limited announced that Ms. Lam Po Chun, Jane (Ms. Lam) has been appointed as a non-executive director of the company with effect from 15 November 2024. Ms. LAM Po Chun Jane, aged 59, has over 30 years of experience in the field of supply chain management, human resource and administration management. Ms. Lam joined the Group in 1992 as the shipping manager. She is currently the general manager of shipping and human resource and administration for Truly Semiconductors Limited and Truly Opto- Electronics Limited, both of which are subsidiaries of the Company in Hong Kong. Ms. Lam is the sister of Mr. Lam Wai Wah, the chairman and executive director of the Company and, as at the date of this announcement, she is beneficially interested in 2,453,000 ordinary shares of the Company, within the meaning of Part XV of the Securities and Future. Recent Insider Transactions • Nov 15
Executive Chairman & MD recently bought €274k worth of stock On the 12th of November, Wai Wah Lam bought around 2m shares on-market at roughly €0.12 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 €546k. Wai Wah has been a buyer over the last 12 months, purchasing a net total of €12m worth in shares. Recent Insider Transactions • Nov 06
Executive Chairman & MD recently bought €127k worth of stock On the 31st of October, Wai Wah Lam bought around 1m shares on-market at roughly €0.13 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 €546k. Wai Wah has been a buyer over the last 12 months, purchasing a net total of €11m worth in shares. Recent Insider Transactions • Oct 28
Executive Chairman & MD recently bought €259k worth of stock On the 24th of October, Wai Wah Lam bought around 2m shares on-market at roughly €0.13 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 €546k. Wai Wah has been a buyer over the last 12 months, purchasing a net total of €11m worth in shares. Upcoming Dividend • Oct 24
Upcoming dividend of HK$0.05 per share Eligible shareholders must have bought the stock before 31 October 2024. Payment date: 29 November 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.8%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.9%). Recent Insider Transactions • Sep 04
Executive Chairman & MD recently bought €364k worth of stock On the 30th of August, Wai Wah Lam bought around 3m shares on-market at roughly €0.11 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 €727k. Wai Wah has been a buyer over the last 12 months, purchasing a net total of €8.9m worth in shares. Reported Earnings • Sep 01
First half 2024 earnings released: EPS: HK$0.055 (vs HK$0.053 in 1H 2023) First half 2024 results: EPS: HK$0.055 (up from HK$0.053 in 1H 2023). Revenue: HK$8.59b (up 18% from 1H 2023). Net income: HK$174.2m (up 3.9% from 1H 2023). Profit margin: 2.0% (down from 2.3% in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance. New Risk • Aug 30
New major risk - Revenue and earnings growth Earnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 11% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Duyuru • Aug 12
Truly International Holdings Limited to Report First Half, 2024 Results on Aug 29, 2024 Truly International Holdings Limited announced that they will report first half, 2024 results on Aug 29, 2024 Buy Or Sell Opportunity • Jul 19
Now 27% undervalued Over the last 90 days, the stock has risen 35% to €0.12. The fair value is estimated to be €0.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has declined by 45%. Recent Insider Transactions • Jul 05
Executive Chairman & MD recently bought €438k worth of stock On the 2nd of July, Wai Wah Lam bought around 4m shares on-market at roughly €0.11 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Wai Wah has been a buyer over the last 12 months, purchasing a net total of €6.1m worth in shares. New Risk • May 29
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 11% 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 Interest payments are not well covered by earnings (1.5x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Dividend is not well covered by earnings (120% payout ratio). Large one-off items impacting financial results. Upcoming Dividend • May 10
Upcoming dividend of HK$0.05 per share Eligible shareholders must have bought the stock before 16 May 2024. Payment date: 31 May 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 11%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (1.8%). Declared Dividend • Mar 28
Final dividend of HK$0.05 announced Shareholders will receive a dividend of HK$0.05. Ex-date: 16th May 2024 Payment date: 31st May 2024 Dividend yield will be 66%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not covered by earnings (120% earnings payout ratio). However, it is well covered by cash flows (11% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 34% to bring the payout ratio under control, which is more than the 29% EPS growth achieved over the last 5 years. Duyuru • Mar 27
Truly International Holdings Limited, Annual General Meeting, May 13, 2024 Truly International Holdings Limited, Annual General Meeting, May 13, 2024, at 11:00 China Standard Time. Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: HK$0.083 (vs HK$0.098 in FY 2022) Full year 2023 results: EPS: HK$0.083 (down from HK$0.098 in FY 2022). Revenue: HK$15.6b (down 19% from FY 2022). Net income: HK$262.8m (down 17% from FY 2022). Profit margin: 1.7% (up from 1.6% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Duyuru • Mar 26
Truly International Holdings Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 31 May 2024 Truly International Holdings Limited proposed final dividend of HKD 0.05 per share for the year ended 31 December 2023. Date of shareholders' approval 13 May 2024, Ex-dividend date 16 May 2024, Record date 20 May 2024 and Payment date 31 May 2024. Duyuru • Mar 05
Truly International Holdings Limited to Report Fiscal Year 2023 Results on Mar 26, 2024 Truly International Holdings Limited announced that they will report fiscal year 2023 results on Mar 26, 2024 Recent Insider Transactions • Dec 26
Executive Chairman & MD recently bought €343k worth of stock On the 21st of December, Wai Lam bought around 5m shares on-market at roughly €0.076 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 €420k. Wai has been a buyer over the last 12 months, purchasing a net total of €4.1m worth in shares. Upcoming Dividend • Nov 03
Upcoming dividend of HK$0.05 per share at 12% yield Eligible shareholders must have bought the stock before 10 November 2023. Payment date: 01 December 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 12%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.7%). Recent Insider Transactions • Oct 05
Executive Chairman & MD recently bought €179k worth of stock On the 3rd of October, Wai Lam bought around 2m shares on-market at roughly €0.089 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Wai has been a buyer over the last 12 months, purchasing a net total of €1.4m worth in shares. Recent Insider Transactions • Sep 04
Executive Chairman & MD recently bought €72k worth of stock On the 29th of August, Wai Lam bought around 716k shares on-market at roughly €0.10 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 €142k. Wai has been a buyer over the last 12 months, purchasing a net total of €789k worth in shares. Reported Earnings • Aug 28
First half 2023 earnings released: EPS: HK$0.053 (vs HK$0.17 in 1H 2022) First half 2023 results: EPS: HK$0.053 (down from HK$0.17 in 1H 2022). Revenue: HK$7.26b (down 33% from 1H 2022). Net income: HK$167.6m (down 70% from 1H 2022). Profit margin: 2.3% (down from 5.2% in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Duyuru • Aug 12
Truly International Holdings Limited Provides Earnings Guidance for the Six Months Ended 30 June 2023 Truly International Holdings Limited provided earnings guidance for the six months ended 30 June 2023. For the period, it is expected that the consolidated profit attributable to owners of the Company for the six months ended 30 June 2023 (the "Period") would be decreased by approximately 70% to approximately HKD 167 million as compared to the consolidated profit attributable to owners of the Company for the six months ended 30 June 2022 (approximately HKD 560 million). Duyuru • Aug 09
Truly International Holdings Limited to Report First Half, 2023 Results on Aug 28, 2023 Truly International Holdings Limited announced that they will report first half, 2023 results on Aug 28, 2023 Recent Insider Transactions • Jul 23
Executive Chairman & MD recently bought €91k worth of stock On the 20th of July, Wai Lam bought around 822k shares on-market at roughly €0.11 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 €111k. Wai has been a buyer over the last 12 months, purchasing a net total of €543k worth in shares. Recent Insider Transactions • Jul 05
Executive Chairman & MD recently bought €110k worth of stock On the 30th of June, Wai Lam bought around 1m shares on-market at roughly €0.11 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Wai's only on-market trade for the last 12 months. Buying Opportunity • Jun 22
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be €0.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years. Earnings per share has grown by 19%. New Risk • Jun 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% 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 Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Dividend is not well covered by earnings (102% payout ratio). Share price has been volatile over the past 3 months (7.1% average weekly change). Profit margins are more than 30% lower than last year (1.6% net profit margin). Buying Opportunity • Jun 06
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be €0.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years. Earnings per share has grown by 19%. Buying Opportunity • May 17
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 30%. The fair value is estimated to be €0.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years. Earnings per share has grown by 19%. Duyuru • May 13
Truly International Holdings Limited Approves Final Dividend for Year Ended 31 December 2022 Truly International Holdings Limited held its AGM on 12 May 2023. To consider and approve the final dividend of 5 HK cents per ordinary share of the Company in respect of the year ended 31 December 2022. Upcoming Dividend • May 10
Upcoming dividend of HK$0.05 per share at 11% yield Eligible shareholders must have bought the stock before 17 May 2023. Payment date: 01 June 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 11%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.4%). Reported Earnings • Mar 25
Full year 2022 earnings released: EPS: HK$0.098 (vs HK$0.42 in FY 2021) Full year 2022 results: EPS: HK$0.098 (down from HK$0.42 in FY 2021). Revenue: HK$19.3b (down 14% from FY 2021). Net income: HK$318.2m (down 77% from FY 2021). Profit margin: 1.6% (down from 6.1% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
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. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Non-Executive Director Bei Bei Song was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: HK$0.029 (vs HK$0.076 in 3Q 2021) Third quarter 2022 results: EPS: HK$0.029 (down from HK$0.076 in 3Q 2021). Revenue: HK$4.35b (down 23% from 3Q 2021). Net income: HK$93.9m (down 63% from 3Q 2021). Profit margin: 2.2% (down from 4.4% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Sep 24
Non-Executive Director recently sold €289k worth of stock On the 22nd of September, Bei Bei Song sold around 2m shares on-market at roughly €0.17 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €162k more than they bought in the last 12 months. Recent Insider Transactions • Sep 11
Non-Executive Director recently bought €360k worth of stock On the 7th of September, Bei Bei Song bought around 2m shares on-market at roughly €0.18 per share. This transaction amounted to 87% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €127k more in shares than they have sold in the last 12 months. Upcoming Dividend • Sep 09
Upcoming dividend of HK$0.05 per share Eligible shareholders must have bought the stock before 16 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 6.4%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.2%). Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: HK$0.075 (vs HK$0.12 in 2Q 2021) Second quarter 2022 results: EPS: HK$0.075 (down from HK$0.12 in 2Q 2021). Revenue: HK$5.45b (down 4.4% from 2Q 2021). Net income: HK$245.3m (down 39% from 2Q 2021). Profit margin: 4.5% (down from 7.1% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 4.1%, compared to a 16% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 23
Upcoming dividend of HK$0.05 per share Eligible shareholders must have bought the stock before 30 May 2022. Payment date: 13 June 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (1.1%). Board Change • Apr 27
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. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). SVP & Executive Director Bei Bei Song was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 24
Full year 2021 earnings released: EPS: HK$0.42 (vs HK$0.15 in FY 2020) Full year 2021 results: EPS: HK$0.42 (up from HK$0.15 in FY 2020). Revenue: HK$22.5b (up 1.7% from FY 2020). Net income: HK$1.38b (up 174% from FY 2020). Profit margin: 6.1% (up from 2.3% in FY 2020). The increase in margin was primarily driven by lower expenses. Over the next year, revenue is forecast to grow 6.6%, compared to a 26% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Board Change • Apr 12
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. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). SVP & Executive Director Bei Bei Song was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Recent Insider Transactions • Jan 19
Executive Director recently sold €234k worth of stock On the 17th of January, Wing Cheung Cheung sold around 566k shares on-market at roughly €0.41 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €204k more than they bought in the last 12 months. Reported Earnings • Nov 09
Third quarter 2021 earnings released: EPS HK$0.076 (vs HK$0.033 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: HK$5.65b (down 2.6% from 3Q 2020). Net income: HK$250.7m (up 131% from 3Q 2020). Profit margin: 4.4% (up from 1.9% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 01
Second quarter 2021 earnings released: EPS HK$0.12 (vs HK$0.062 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: HK$5.71b (up 1.1% from 2Q 2020). Net income: HK$402.7m (up 97% from 2Q 2020). Profit margin: 7.1% (up from 3.6% in 2Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Executive Departure • Sep 01
Non-Executive Director Wai Tong Ma has left the company On the 31st of August, Wai Tong Ma's tenure as Non-Executive Director ended after 2.8 years in the role. We don't have any record of a personal shareholding under Wai Tong's name. Wai Tong is the only executive to leave the company over the last 12 months. Reported Earnings • May 19
First quarter 2021 earnings released: EPS HK$0.08 (vs HK$0.029 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: HK$5.33b (up 14% from 1Q 2020). Net income: HK$262.7m (up 176% from 1Q 2020). Profit margin: 4.9% (up from 2.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • May 03
Full year 2020 earnings released: EPS HK$0.15 (vs HK$0.17 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: HK$22.2b (down 1.6% from FY 2019). Net income: HK$502.3m (down 11% from FY 2019). Profit margin: 2.3% (down from 2.5% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS HK$0.15 (vs HK$0.17 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: HK$22.2b (down 1.6% from FY 2019). Net income: HK$502.3m (down 11% from FY 2019). Profit margin: 2.3% (down from 2.5% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 18
New 90-day high: €0.20 The company is up 106% from its price of €0.098 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 15% over the same period. Recent Insider Transactions • Jan 20
Senior VP recently bought €29k worth of stock On the 11th of January, Bei Bei Song bought around 300k shares on-market at roughly €0.097 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €132k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jan 19
Senior VP recently bought €29k worth of stock On the 11th of January, Bei Bei Song bought around 300k shares on-market at roughly €0.097 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €132k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jan 13
Senior VP recently bought €29k worth of stock On the 11th of January, Bei Bei Song bought around 300k shares on-market at roughly €0.097 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €132k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Oct 01
Senior VP recently bought €44k worth of stock On the 22nd of September, Bei Bei Song bought around 444k shares on-market at roughly €0.099 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €103k more in shares than they have sold in the last 12 months. Reported Earnings • Sep 27
First half earnings released Over the last 12 months the company has reported total profits of HK$721.6m, up 245% from the prior year. Total revenue was HK$22.6b over the last 12 months, up 8.0% from the prior year. Recent Insider Transactions • Sep 27
Senior VP recently bought €44k worth of stock On the 22nd of September, Bei Bei Song bought around 444k shares on-market at roughly €0.099 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €103k more in shares than they have sold in the last 12 months. Duyuru • Aug 31
Truly International Holdings Limited to Report First Half, 2020 Results on Aug 28, 2020 Truly International Holdings Limited announced that they will report first half, 2020 results on Aug 28, 2020 
