Upcoming Dividend • May 27
Upcoming dividend of HK$0.10 per share Eligible shareholders must have bought the stock before 03 June 2026. Payment date: 15 June 2026. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Hong Kong dividend payers (6.9%). Lower than average of industry peers (4.6%). Reported Earnings • Apr 28
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: US$0.032 (down from US$0.045 in FY 2024). Revenue: US$2.23b (up 2.2% from FY 2024). Net income: US$112.3m (down 30% from FY 2024). Profit margin: 5.0% (down from 7.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 26%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Hospitality industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Apr 23
Shangri-La Asia Limited, Annual General Meeting, May 29, 2026 Shangri-La Asia Limited, Annual General Meeting, May 29, 2026, at 10:30 China Standard Time. Location: the atrium, level 39, island shangri-la, hong kong, pacific place, supreme court road, central, Hong Kong Declared Dividend • Mar 28
Final dividend of HK$0.10 announced Shareholders will receive a dividend of HK$0.10. Ex-date: 3rd June 2026 Payment date: 15th June 2026 Dividend yield will be 3.3%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (38% earnings payout ratio) but not covered by cash flows (202% cash payout ratio). The dividend has increased by an average of 2.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 94% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 27
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: US$0.032 (down from US$0.045 in FY 2024). Revenue: US$2.23b (up 2.2% from FY 2024). Net income: US$112.3m (down 30% from FY 2024). Profit margin: 5.0% (down from 7.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 26%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Hospitality industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Mar 16
Shangri-La Asia Limited to Report Fiscal Year 2025 Results on Mar 26, 2026 Shangri-La Asia Limited announced that they will report fiscal year 2025 results at 4:00 PM, China Standard Time on Mar 26, 2026 Announcement • Feb 24
Shangri-La Asia Limited Proposes Final Dividend for the Year 2025 On 23 February 2026, Shangri-La Asia Limited Board of Director's meeting of the Company passed a resolution approved to propose to the Annual General Meeting of Shareholders to consider and approve the dividend payment for the year 2025 at the rate of THB 0.50 per share, totaling of THB 65 million. Upcoming Dividend • Sep 19
Upcoming dividend of HK$0.05 per share Eligible shareholders must have bought the stock before 26 September 2025. Payment date: 10 October 2025. Payout ratio is a comfortable 55% but the company is paying out more than the cash it is generating. Trailing yield: 4.3%. Lower than top quartile of Hong Kong dividend payers (6.6%). Higher than average of industry peers (3.6%). Reported Earnings • Aug 31
First half 2025 earnings released: EPS: US$0.016 (vs US$0.027 in 1H 2024) First half 2025 results: EPS: US$0.016 (down from US$0.027 in 1H 2024). Revenue: US$1.06b (flat on 1H 2024). Net income: US$57.9m (down 39% from 1H 2024). Profit margin: 5.5% (down from 9.0% in 1H 2024). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Hospitality industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Declared Dividend • Aug 30
First half dividend of HK$0.05 announced Shareholders will receive a dividend of HK$0.05. Ex-date: 26th September 2025 Payment date: 10th October 2025 Dividend yield will be 3.3%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (37% earnings payout ratio) but not covered by cash flows (266% cash payout ratio). The dividend has increased by an average of 5.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 87% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 12
Shangri-La Asia Limited to Report First Half, 2025 Results on Aug 28, 2025 Shangri-La Asia Limited announced that they will report first half, 2025 results on Aug 28, 2025 Upcoming Dividend • Jun 09
Upcoming dividend of HK$0.10 per share Eligible shareholders must have bought the stock before 16 June 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 43% but the company is paying out more than the cash it is generating. Trailing yield: 4.4%. Lower than top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (3.4%). Announcement • Apr 24
Shangri-La Asia Limited, Annual General Meeting, Jun 12, 2025 Shangri-La Asia Limited, Annual General Meeting, Jun 12, 2025, at 10:30 China Standard Time. Location: island ballroom, level 5, island shangri-la, hong kong, pacific place, supreme court road, central, Hong Kong Major Estimate Revision • Apr 03
Consensus EPS estimates fall by 25% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$2.30b to US$2.27b. EPS estimate also fell from US$0.063 per share to US$0.047 per share. Net income forecast to grow 6.5% next year vs 31% growth forecast for Hospitality industry in Hong Kong. Consensus price target down from HK$6.29 to HK$6.03. Share price fell 2.8% to HK$4.58 over the past week. Reported Earnings • Mar 28
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: US$0.045 (down from US$0.052 in FY 2023). Revenue: US$2.19b (up 2.0% from FY 2023). Net income: US$161.4m (down 12% from FY 2023). Profit margin: 7.4% (down from 8.6% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Hospitality industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Mar 27
Shangri-La Asia Limited Proposes Final Dividend for the Year Ended 31 December 2024, Payable on 27 June 2025 Shangri-La Asia Limited proposed Final Dividend of HKD 0.1 per share for the Year Ended 31 December 2024. Date of shareholders' approval is 12 June 2025. Ex-dividend date is 16 June 2025. Record date is 17 June 2025. Payment date is 27 June 2025. Announcement • Mar 13
Shangri-La Asia Limited to Report Fiscal Year 2024 Results on Mar 27, 2025 Shangri-La Asia Limited announced that they will report fiscal year 2024 results on Mar 27, 2025 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$5.64, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Hospitality industry in Hong Kong. Total loss to shareholders of 7.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$8.74 per share. Reported Earnings • Sep 24
First half 2024 earnings: EPS and revenues miss analyst expectations First half 2024 results: EPS: US$0.027 (down from US$0.037 in 1H 2023). Revenue: US$1.05b (up 4.3% from 1H 2023). Net income: US$94.5m (down 28% from 1H 2023). Profit margin: 9.0% (down from 13% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 18
Upcoming dividend of HK$0.05 per share Eligible shareholders must have bought the stock before 25 September 2024. Payment date: 08 October 2024. Trailing yield: 2.1%. Lower than top quartile of Hong Kong dividend payers (8.6%). Lower than average of industry peers (4.0%). Major Estimate Revision • Aug 30
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$2.35b to US$2.22b. EPS estimate also fell from US$0.061 per share to US$0.054 per share. Net income forecast to grow 60% next year vs 57% growth forecast for Hospitality industry in Hong Kong. Consensus price target down from HK$7.63 to HK$6.88. Share price fell 2.6% to HK$4.80 over the past week. Reported Earnings • Aug 25
First half 2024 earnings: EPS and revenues miss analyst expectations First half 2024 results: EPS: US$0.027 (down from US$0.037 in 1H 2023). Revenue: US$1.05b (up 4.3% from 1H 2023). Net income: US$94.5m (down 28% from 1H 2023). Profit margin: 9.0% (down from 13% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Aug 23
Shangri-La Asia Limited Declares an Interim Dividend, Payable on 8 October 2024 Shangri-La Asia Limited declared an interim dividend of HKD 5 cents per share for 2024 (2023: Nil) payable on 8 October 2024, to shareholders whose names appear on the registers of members of the Company on 26 September 2024. Announcement • Aug 09
Shangri-La Asia Limited to Report First Half, 2024 Results on Aug 23, 2024 Shangri-La Asia Limited announced that they will report first half, 2024 results on Aug 23, 2024 Recent Insider Transactions • Jul 18
Executive Chairman of the Board recently bought HK$573k worth of stock On the 10th of July, Hui Kwong Kuok bought around 106k shares on-market at roughly HK$5.41 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 Hui Kwong's only on-market trade for the last 12 months. Upcoming Dividend • May 27
Upcoming dividend of HK$0.15 per share Eligible shareholders must have bought the stock before 03 June 2024. Payment date: 14 June 2024. Trailing yield: 2.7%. Lower than top quartile of Hong Kong dividend payers (7.6%). Lower than average of industry peers (3.3%). Announcement • May 03
Shangri-La Asia Limited, Annual General Meeting, May 30, 2024 Shangri-La Asia Limited, Annual General Meeting, May 30, 2024. Reported Earnings • Apr 28
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: US$0.052 (up from US$0.044 loss in FY 2022). Revenue: US$2.14b (up 47% from FY 2022). Net income: US$184.1m (up US$342.7m from FY 2022). Profit margin: 8.6% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Major Estimate Revision • Mar 29
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$2.38b to US$2.35b. EPS estimate also fell from US$0.07 per share to US$0.061 per share. Net income forecast to grow 16% next year vs 51% growth forecast for Hospitality industry in Hong Kong. Consensus price target down from HK$8.48 to HK$7.66. Share price fell 5.2% to HK$4.90 over the past week. Reported Earnings • Mar 23
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: US$0.052 (up from US$0.044 loss in FY 2022). Revenue: US$2.14b (up 47% from FY 2022). Net income: US$184.1m (up US$342.7m from FY 2022). Profit margin: 8.6% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Hospitality industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Mar 22
Shangri-La Asia Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 14 June 2024 Shangri-La Asia Limited announced at a meeting held on 22 March 2024, the Board proposed a final dividend of 15 HK cents per ordinary share for the year ended 31 December 2023 (2022: Nil). The proposed final dividend, subject to shareholders' approval at the upcoming annual general meeting of the Company, will be payable on 14 June 2024 to shareholders whose names appear on the registers of members of the Company on 4 June 2024. Announcement • Mar 09
Shangri-La Asia Limited to Report Fiscal Year 2023 Results on Mar 22, 2024 Shangri-La Asia Limited announced that they will report fiscal year 2023 results on Mar 22, 2024 New Risk • Dec 27
New major risk - Revenue and earnings growth Earnings have declined by 39% 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 (0.5x net interest cover). Earnings have declined by 39% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Board Change • Dec 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Group Chief Investment Officer, CFO & Executive Director Chee Wui Chua 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. Reported Earnings • Sep 01
First half 2023 earnings released: EPS: US$0.037 (vs US$0.044 loss in 1H 2022) First half 2023 results: EPS: US$0.037 (up from US$0.044 loss in 1H 2022). Revenue: US$1.01b (up 60% from 1H 2022). Net income: US$131.4m (up US$289.6m from 1H 2022). Profit margin: 13% (up from net loss in 1H 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Hospitality industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Aug 18
Shangri-La Asia Limited to Report First Half, 2023 Results on Aug 30, 2023 Shangri-La Asia Limited announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Mar 26
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: US$0.044 loss per share (improved from US$0.081 loss in FY 2021). Revenue: US$1.46b (up 18% from FY 2021). Net loss: US$158.5m (loss narrowed 45% from FY 2021). Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) exceeded analyst estimates by 5.1%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Hospitality industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Major Estimate Revision • Jan 12
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from US$1.59b to US$1.55b. Losses expected to increase from US$0.04 per share to US$0.05. Hospitality industry in Hong Kong expected to see average net income growth of 121% next year. Consensus price target broadly unchanged at HK$7.12. Share price was steady at HK$6.64 over the past week. Reported Earnings • Aug 27
First half 2022 earnings released: US$0.044 loss per share (vs US$0.017 loss in 1H 2021) First half 2022 results: US$0.044 loss per share (down from US$0.017 loss in 1H 2021). Revenue: US$627.5m (up 15% from 1H 2021). Net loss: US$158.2m (loss widened 165% from 1H 2021). Over the next year, revenue is forecast to grow 33%, compared to a 41% growth forecast for the Hospitality industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Aug 10
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -US$0.01 to -US$0.03 per share. Revenue forecast unchanged at US$1.54b. Hospitality industry in Hong Kong expected to see average net income growth of 19% next year. Consensus price target broadly unchanged at HK$7.26. Share price rose 4.1% to HK$6.36 over the past week. Reported Earnings • Apr 27
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: US$0.081 loss per share (up from US$0.13 loss in FY 2020). Revenue: US$1.24b (up 20% from FY 2020). Net loss: US$290.6m (loss narrowed 37% from FY 2020). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 55%. Over the next year, revenue is forecast to grow 25%, compared to a 40% growth forecast for the restaurants industry in Hong Kong. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Mar 24
Consensus EPS estimates fall by 29% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from US$1.81b to US$1.74b. Losses expected to increase from US$0.01 per share to US$0.01. Hospitality industry in Hong Kong expected to see average net income growth of 8.5% next year. Consensus price target broadly unchanged at HK$7.62. Share price rose 2.8% to HK$6.24 over the past week. Reported Earnings • Sep 01
First half 2021 earnings released: US$0.017 loss per share (vs US$0.079 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: US$545.8m (up 20% from 1H 2020). Net loss: US$59.8m (loss narrowed 79% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Jul 21
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 losses forecast to reduce from -US$0.049 to -US$0.044 per share. Revenue forecast steady at US$1.56b. Hospitality industry in Hong Kong expected to see average net income growth of 244% next year. Consensus price target down from HK$8.59 to HK$8.28. Share price fell 2.7% to HK$6.93 over the past week. Executive Departure • Jun 01
Non-Executive Director has left the company On the 28th of May, Kian Guan Ho's tenure as Non-Executive Director ended after 28.1 years in the role. We don't have any record of a personal shareholding under Kian Guan's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Apr 29
Full year 2020 earnings released: US$0.13 loss per share (vs US$0.043 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$1.03b (down 57% from FY 2019). Net loss: US$460.2m (down 402% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 27
Full year 2020 earnings released: US$0.13 loss per share (vs US$0.043 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$1.03b (down 57% from FY 2019). Net loss: US$460.2m (down 402% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 17
New 90-day high: HK$7.91 The company is up 3.0% from its price of HK$7.65 on 19 November 2020. The Hong Kong market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$1.20 per share. Is New 90 Day High Low • Nov 10
New 90-day high: HK$7.21 The company is up 19% from its price of HK$6.08 on 12 August 2020. The Hong Kong market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$0.70 per share. Reported Earnings • Sep 23
First half earnings released Over the last 12 months the company has reported total losses of US$245.2m, with earnings decreasing by US$400.3m from the prior year. Total revenue was US$1.69b over the last 12 months, down 33% from the prior year. 