New Risk • Jun 15
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 Hong Kong stocks, typically moving 11% 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: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (HK$132.2m market cap, or US$16.9m). Duyuru • Apr 30
Frontier Services Group Limited, Annual General Meeting, Jun 11, 2026 Frontier Services Group Limited, Annual General Meeting, Jun 11, 2026, at 10:00 China Standard Time. Location: suite 3902, 39th floor, far east finance centre, 16 harcourt road, admiralty, Hong Kong Reported Earnings • Apr 02
Full year 2025 earnings released: HK$0.083 loss per share (vs HK$0.043 loss in FY 2024) Full year 2025 results: HK$0.083 loss per share (further deteriorated from HK$0.043 loss in FY 2024). Revenue: HK$651.5m (down 14% from FY 2024). Net loss: HK$198.5m (loss widened 91% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Duyuru • Mar 18
Frontier Services Group Limited to Report Fiscal Year 2025 Results on Mar 30, 2026 Frontier Services Group Limited announced that they will report fiscal year 2025 results on Mar 30, 2026 New Risk • Dec 19
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 Hong Kong stocks, typically moving 9.7% 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: Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Market cap is less than US$100m (HK$170.6m market cap, or US$21.9m). Reported Earnings • Aug 31
First half 2025 earnings released: HK$0.003 loss per share (vs HK$0 in 1H 2024) First half 2025 results: HK$0.003 loss per share (further deteriorated from HK$0 in 1H 2024). Revenue: HK$318.9m (down 17% from 1H 2024). Net loss: HK$8.24m (down HK$8.28m from profit in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 41% per year, which means it is performing significantly worse than earnings. Duyuru • Aug 15
Frontier Services Group Limited to Report First Half, 2025 Results on Aug 28, 2025 Frontier Services Group Limited announced that they will report first half, 2025 results on Aug 28, 2025 Duyuru • Apr 30
Frontier Services Group Limited, Annual General Meeting, Jun 18, 2025 Frontier Services Group Limited, Annual General Meeting, Jun 18, 2025, at 10:00 China Standard Time. Location: suite 3902, 39th floor, far east finance centre, 16 harcourt road, admiralty, Hong Kong Reported Earnings • Mar 30
Full year 2024 earnings released: HK$0.043 loss per share (vs HK$0.021 profit in FY 2023) Full year 2024 results: HK$0.043 loss per share (down from HK$0.021 profit in FY 2023). Revenue: HK$753.6m (down 7.3% from FY 2023). Net loss: HK$103.9m (down 303% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Duyuru • Mar 17
Frontier Services Group Limited to Report Fiscal Year 2024 Results on Mar 28, 2025 Frontier Services Group Limited announced that they will report fiscal year 2024 results on Mar 28, 2025 Duyuru • Jan 16
Frontier Services Group Limited Announces Board Changes The board of directors of Frontier Services Group Limited announced that Ms. Ye Ying has been appointed as a non-executive Director with effect from 14 January 2025. Ms. Ye, aged 47, is a senior economist with a postgraduate degree and a doctorate in management. Ms. Ye has served as the project manager and researcher in the Corporate Development Research Office in the Strategy and Planning Department of CITIC Group, the senior supervisor and deputy head (in charge of work) of the Capital Management Office in the Strategy Development Department of CITIC Group, and the responsible person and head of the Strategy and Research Office in the Strategy Development Department of CITIC Group. In December 2021, she was appointed as an assistant to the general manager of the Strategy Development Department and the head of the Strategy and Research Office. In May 2022, she was appointed as the director of the Strategy Development Department and the head of the Strategy and Research Office. In December 2024, she was appointed as the director of the Strategy and Investment Management Department (formerly Strategy Development Department) and the head of the Strategy and Governance Office. The Board announces that Mr. Zhang Yukuan ("Mr. Zhang") has tendered his resignation as a non- executive Director with effect from 14 January 2025 to devote more time to his other personal commitments. Mr. Zhang has confirmed that he has no disagreement with the Board and there are no matters in relation to his resignation that needs to be brought to the attention of the shareholders of the Company. New Risk • Jan 08
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 Hong Kong stocks, typically moving 11% 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: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.06% net profit margin). Market cap is less than US$100m (HK$418.2m market cap, or US$53.8m). Duyuru • Oct 21
Frontier Services Group Limited Announces Resignation of Chan Wing Mui Helen as Independent Non-Executive Director the Board of Directors of Frontier Services Group Limited announced that Dr. Chan Wing Mui Helen ("Dr. Chan") has tendered her resignation as an independent non-executive Director of the Company (the "Director") effective from 21 October 2024, due to her intention to focus on other business engagements. Reported Earnings • Sep 27
First half 2024 earnings released: EPS: HK$0 (vs HK$0.021 in 1H 2023) First half 2024 results: EPS: HK$0 (down from HK$0.021 in 1H 2023). Revenue: HK$384.1m (down 11% from 1H 2023). Net income: HK$34.0k (down 100% from 1H 2023). Profit margin: 0% (down from 12% in 1H 2023). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Duyuru • Sep 11
Frontier Services Group Limited Announces Board Changes Frontier Services Group Limited announced that Mr. Yang Feng ("Mr. Yang") has been appointed as a non- executive Director with effect from 11 September 2024. Mr. Yang, aged 41, holds a bachelor's degree in accounting and a master's degree in management from Renmin University of China. He is a Certified Public Accountant of China, a senior accountant as well as having passed Level III of the Chartered Financial Analyst (CFA) exam. Mr. Yang has extensive experience in accounting, investment and financing management. He joined CITIC Group in 2007 and served in the financial department. Mr. Yang had been the chief financial officer of CITIC Medical & Health Group Co. Ltd. and also served as the chief financial officer of CITIC Construction Co. Ltd. He has been appointed as the chief financial officer of CITIC Pacific Limited since April 2024. The Board announced that Mr. Fei Yiping ("Mr. Fei") has tendered his resignation as a non-executive Director with effect from 11 September 2024 in order to devote more time to his other personal commitments. Mr. Fei has confirmed that he has no disagreement with the Board and there are no matters in relation to his resignation that needs to be brought to the attention of the shareholders of the Company. Buy Or Sell Opportunity • Sep 04
Now 29% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to HK$0.17. The fair value is estimated to be HK$0.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Meanwhile, the company has become profitable. Duyuru • Aug 16
Frontier Services Group Limited to Report First Half, 2024 Results on Aug 28, 2024 Frontier Services Group Limited announced that they will report first half, 2024 results on Aug 28, 2024 New Risk • Aug 12
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 Hong Kong stocks, typically moving 9.5% 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: Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Significant insider selling over the past 3 months (HK$10m sold). Market cap is less than US$100m (HK$423.0m market cap, or US$54.3m). Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: HK$0.021 (vs HK$0.012 loss in FY 2022) Full year 2023 results: EPS: HK$0.021 (up from HK$0.012 loss in FY 2022). Revenue: HK$812.9m (down 16% from FY 2022). Net income: HK$51.2m (up HK$80.1m from FY 2022). Profit margin: 6.3% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Duyuru • Mar 15
Frontier Services Group Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 Frontier Services Group Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 Reported Earnings • Aug 31
First half 2023 earnings released: EPS: HK$0.021 (vs HK$0.025 loss in 1H 2022) First half 2023 results: EPS: HK$0.021 (up from HK$0.025 loss in 1H 2022). Revenue: HK$429.1m (down 15% from 1H 2022). Net income: HK$50.7m (up HK$109.9m from 1H 2022). Profit margin: 12% (up from net loss in 1H 2022). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Duyuru • Aug 18
Frontier Services Group Limited to Report First Half, 2023 Results on Aug 29, 2023 Frontier Services Group Limited announced that they will report first half, 2023 results on Aug 29, 2023 Duyuru • Aug 13
Frontier Services Group Limited Provides Earnings Guidance for the Six Months Ended 30 June 2023 Frontier Services Group Limited provided earnings guidance for the six months ended 30 June 2023. The company expected that the Group will record a net profit attributable to equity holders of approximately HKD 50.8 million for the six months ended 30 June 2023, as compared to the net loss attributable to equity holders of approximately HKD 54.7 million for the six months ended 30 June 2022. Duyuru • Jun 03
Frontier Services Group Limited, Annual General Meeting, Jun 28, 2023 Frontier Services Group Limited, Annual General Meeting, Jun 28, 2023, at 10:00 China Standard Time. Location: Suite 3902, 39th Floor, Far East Finance Centre, 16 Harcourt Road, Admiralty Hong Kong Agenda: To receive and adopt the audited financial statements and the reports of the directors and the independent auditor of the Company for the year ended 31 December 2022; to consider reelection of directors; to authorise the board of Directors to fix the Directors' remuneration; to re-appoint PricewaterhouseCoopers as independent auditor and to authorise the Board to fix its remuneration; and to consider other matters. Reported Earnings • Mar 29
Full year 2022 earnings released: HK$0.012 loss per share (vs HK$0.068 loss in FY 2021) Full year 2022 results: HK$0.012 loss per share (improved from HK$0.068 loss in FY 2021). Revenue: HK$964.2m (up 28% from FY 2021). Net loss: HK$29.0m (loss narrowed 82% from FY 2021). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Non-Executive Director Helen Chan 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. Lack of board continuity. Reported Earnings • Sep 01
First half 2022 earnings released: HK$0.025 loss per share (vs HK$0.025 loss in 1H 2021) First half 2022 results: HK$0.025 loss per share (vs HK$0.025 loss in 1H 2021). Revenue: HK$503.8m (up 62% from 1H 2021). Net loss: HK$59.2m (loss narrowed 1.0% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Duyuru • Aug 13
Frontier Services Group Limited to Report First Half, 2022 Results on Aug 30, 2022 Frontier Services Group Limited announced that they will report first half, 2022 results on Aug 30, 2022 Duyuru • May 26
Frontier Services Group Limited, Annual General Meeting, Jun 28, 2022 Frontier Services Group Limited, Annual General Meeting, Jun 28, 2022, at 10:00 China Standard Time. Location: Suite 3902, 39th Floor, Far East Finance Centre, 16 Harcourt Road Admiralty Hong Kong Agenda: To receive and adopt the audited financial statements and the reports of the directors and the independent auditor of the Company for the year ended 31 December 2021; to consider re-election of director of the Company; to authorise the board of Directors to fix the Directors' remuneration. Board Change • Apr 27
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Non-Executive Director Helen Chan 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. Lack of board continuity. Reported Earnings • Apr 01
Full year 2021 earnings released: HK$0.068 loss per share (vs HK$0.097 loss in FY 2020) Full year 2021 results: HK$0.068 loss per share (up from HK$0.097 loss in FY 2020). Revenue: HK$756.1m (up 25% from FY 2020). Net loss: HK$159.7m (loss narrowed 30% from FY 2020). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jan 21
Insider recently sold HK$136m worth of stock On the 14th of January, Rongsong Teng sold around 170m shares on-market at roughly HK$0.80 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Aug 23
First half 2021 earnings released: HK$0.025 loss per share (vs HK$0.056 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: HK$310.5m (up 17% from 1H 2020). Net loss: HK$59.8m (loss narrowed 54% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Executive Departure • May 26
Independent Non-Executive Director has left the company On the 15th of May, Harold Olusegun Demuren's tenure as Independent Non-Executive Director ended after 7.1 years in the role. As of March 2021, Harold Olusegun personally held 1.40m shares (HK$812k worth at the time). A total of 5 executives have left over the last 12 months. Executive Departure • Apr 22
Executive Deputy Chairman Erik Dean Prince has left the company On the 13th of April, Erik Dean Prince's tenure as Executive Deputy Chairman ended after 7.3 years in the role. As of December 2020, Erik Dean personally held 170.67m shares (HK$108m worth at the time). A total of 4 executives have left over the last 12 months. Reported Earnings • Apr 01
Full year 2020 earnings released: HK$0.097 loss per share (vs HK$0.15 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: HK$605.2m (down 17% from FY 2019). Net loss: HK$228.0m (loss narrowed 36% from FY 2019). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Duyuru • Mar 19
Frontier Services Group Limited to Report Fiscal Year 2020 Results on Mar 30, 2021 Frontier Services Group Limited announced that they will report fiscal year 2020 results on Mar 30, 2021 Duyuru • Mar 12
Frontier Services Group Limited Announces the Resignation of Hua Dongyi as Executive Director The Board of Frontier Services Group Limited announced that with effect from 10 March 2021: Dr. Hua Dongyi has resigned as an executive Director. Dr. Hua also resigned as a member and the chairman of the risk committee of the Company with effect from 10 March 2021. Duyuru • Mar 11
Frontier Services Group Limited Announces Management Changes The Board of Frontier Services Group Limited announced that with effect from 10 March 2021: Dr. Hu Ping has been appointed as Acting Chief Executive Officer of the Company; and Dr. Hua Dongyi has resigned as Chief Executive Officer of the Company. Dr. Hu has been employed as the general manager of the Middle East and North Africa region of the Group since 1 June 2019 From 1983 to March 2013, he worked at the Institute of Geophysical and Geochemical Exploration, Chinese Academy of Geological Sciences, Ministry of Land and Resources, and served as the director of the Market Development Division, the General Manager of the Hong Kong Engineering Geophysical Co. Ltd., Assistant Director and Deputy Director of the Institute. In April 2013, he was designated to Deputy General Manager of CITIC Construction Co. Ltd., and successively served as General Manager of the Energy and Minerals Business Department and General Manager of African Region. In July 2019, he was appointed as a member of the Overseas Geological Work Expert Advisory Committee of the China Geological Survey. He has more than 30 years of experience in geological exploration of energy and mineral resources, development of international engineering markets, and operation management of large- scale engineering projects. Executive Departure • Mar 11
CEO & Executive Director Dongyi Hua has left the company On the 10th of March, Dongyi Hua's tenure as CEO & Executive Director of the company ended after 4.0 years in the role. We don't have any record of a personal shareholding under Dongyi's name. A total of 4 executives have left over the last 12 months. Under Dongyi's leadership, the company delivered a total shareholder return of -50%. Executive Departure • Mar 03
Non Executive Director has left the company On the 28th of February, Yichen Zhang's tenure as Non Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under Yichen's name. A total of 3 executives have left over the last 12 months. Duyuru • Mar 03
Frontier Services Group Limited Announces Board Changes Frontier Services Group Limited announces that with effect from 28 February 2021 Mr. Chan Kai Kong has been appointed as a non-executive Director of the Company and Mr. Zhang Yichen has resigned as a non-executive Director of the Company. Mr. Chan, aged 52, is the Chief Financial Officer and a Senior Managing Director of CITIC Capital Holdings Limited, a global alternative investment management and advisory company. Is New 90 Day High Low • Dec 28
New 90-day high: HK$0.69 The company is up 77% from its price of HK$0.39 on 29 September 2020. The Hong Kong market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 30% over the same period. Duyuru • Dec 16
Aircraft Engine Lease Finance entered into the Stock Purchase Agreement to acquire 51% stake in Maleth Aero Limited from Frontier Services Group Limited (SEHK:500) for $1.1 million. Aircraft Engine Lease Finance entered into the Stock Purchase Agreement to acquire 51% stake in Maleth Aero Limited from Frontier Services Group Limited (SEHK:500) for $1.1 million on December 15, 2020. As of June 30, 2020, Maleth had net assets value of HKD 10.8 million ( $1.4 million ) Transaction is subject to parties receiving all necessary consents and approvals. Transaction is expected to complete in December 18, 2020. Is New 90 Day High Low • Dec 07
New 90-day high: HK$0.47 The company is up 4.0% from its price of HK$0.45 on 08 September 2020. The Hong Kong market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 37% over the same period. Recent Insider Transactions • Nov 11
Executive Deputy Chairman recently sold HK$1.8m worth of stock On the 9th of November, Erik D. Prince sold around 5m shares on-market at roughly HK$0.33 per share. In the last 3 months, they made an even bigger sale worth HK$1.8m. Erik D. has been a seller over the last 12 months, reducing personal holdings by HK$12m. Duyuru • Oct 29
Frontier Services Group Limited Appoints Hooi Hing Lee as Independent Non-Executive Director Frontier Services Group Limited announced that Mr. Hooi Hing Lee has been appointed as independent non-executive Director with effect from 28 October 2020. Mr. Hooi, aged 54, has over 31 years of experience in the finance industry. Mr. Hooi will enter into a letter of appointment with the Company for a term of three years and will be subject to retirement by rotation and re-election at the next annual general meeting of the Company in accordance with the bye-laws of the Company. Is New 90 Day High Low • Oct 22
New 90-day low: HK$0.35 The company is down 18% from its price of HK$0.43 on 24 July 2020. The Hong Kong market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 34% over the same period. Recent Insider Transactions • Oct 20
Executive Deputy Chairman recently sold HK$129k worth of stock On the 15th of October, Erik D. Prince sold around 334k shares on-market at roughly HK$0.39 per share. In the last 3 months, they made an even bigger sale worth HK$1.8m. Erik D. has been a seller over the last 12 months, reducing personal holdings by HK$8.8m. Reported Earnings • Sep 19
First half earnings released Over the last 12 months the company has reported total losses of HK$352.1m, with losses widening by 33% from the prior year. Total revenue was HK$645.2m over the last 12 months, down 25% from the prior year. Duyuru • Aug 12
Frontier Services Group Limited to Report First Half, 2020 Results on Aug 21, 2020 Frontier Services Group Limited announced that they will report first half, 2020 results on Aug 21, 2020