New Risk • Dec 08
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$698.3m (US$89.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 74% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (HK$698.3m market cap, or US$89.7m). New Risk • Dec 01
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 Hong Kong stocks, typically moving 14% 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 (14% average weekly change). Earnings have declined by 74% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Announcement • Oct 21
Moon Inc. to Report First Half, 2026 Results on Oct 31, 2025 Moon Inc. announced that they will report first half, 2026 results on Oct 31, 2025 Reported Earnings • Aug 01
Full year 2025 earnings released: EPS: HK$0.004 (vs HK$0.037 in FY 2024) Full year 2025 results: EPS: HK$0.004 (down from HK$0.037 in FY 2024). Revenue: HK$189.6m (down 25% from FY 2024). Net income: HK$1.79m (down 88% from FY 2024). Profit margin: 0.9% (down from 5.9% in FY 2024). 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 145% per year, which means it is well ahead of earnings. Announcement • Jul 04
210K Capital managed by UTXO Management GP, LP, Kliff Capital, Moon Inc. (SEHK:1723), Mythos Ventures Fund I, L.P., Mythos Ventures, SORA SPIRAL PTE. LTD., ASIASTRATEGY TOPWIN SG PTE. LIMITED, Mythos BitYield Company Limited and Simon Morris Gerovich proposed to acquire DV8 Public Company Limited (SET:DV8) for approximately THB 740 million. 210K Capital managed by UTXO Management GP, LP, Kliff Capital, Moon Inc. (SEHK:1723), Mythos Ventures Fund I, L.P., Mythos Ventures, SORA SPIRAL PTE. LTD., ASIASTRATEGY TOPWIN SG PTE. LIMITED, Mythos BitYield Company Limited and Simon Morris Gerovich proposed to acquire DV8 Public Company Limited (SET:DV8) for approximately THB 740 million on July 3, 2025. A cash consideration of THB 739.16 million valued at THB 0.56 per share will be paid by 210K Capital managed by UTXO Management GP, LP, Kliff Capital, Moon Inc. (SEHK:1723), Mythos Ventures Fund I, L.P., Mythos Ventures, SORA SPIRAL PTE. LTD., ASIASTRATEGY TOPWIN SG PTE. LIMITED, Mythos BitYield Company Limited and Simon Morris Gerovich. As part of consideration, THB 739.16 million is paid towards common equity of DV8 Public Company Limited. The expected completion of the transaction is on or about August 20, 2025
MSC International Law Office acted as legal advisor for DV8 Public Company Limited. Reported Earnings • Jul 01
Full year 2025 earnings released: EPS: HK$0.005 (vs HK$0.037 in FY 2024) Full year 2025 results: EPS: HK$0.005 (down from HK$0.037 in FY 2024). Revenue: HK$189.6m (down 25% from FY 2024). Net income: HK$1.79m (down 88% from FY 2024). Profit margin: 0.9% (down from 5.9% in FY 2024). The decrease in margin was driven by lower revenue. 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 154% per year, which means it is well ahead of earnings. Announcement • Jul 01
Moon Inc., Annual General Meeting, Sep 26, 2025 Moon Inc., Annual General Meeting, Sep 26, 2025. Announcement • Jun 18
Moon Inc. to Report Fiscal Year 2025 Results on Jun 30, 2025 Moon Inc. announced that they will report fiscal year 2025 results at 4:00 PM, China Standard Time on Jun 30, 2025 New Risk • Jun 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 25% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Profit margins are more than 30% lower than last year (2.1% net profit margin). Shareholders have been diluted in the past year (19% increase in shares outstanding). New Risk • May 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Profit margins are more than 30% lower than last year (2.1% net profit margin). Shareholders have been diluted in the past year (19% increase in shares outstanding). Announcement • Apr 25
HK Asia Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 13.12072 million. HK Asia Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 13.12072 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,272,000
Price\Range: HKD 4.01 Announcement • Mar 21
HK Asia Holdings Limited Announces Executive Changes HK Asia Holdings Limited announced that Mr. Chan Him Alfred has resigned as the company secretary of the Company and an authorised representative of the Company under Rule 3.05 of the Listing Rules (Authorised Representative). Following the resignation of Mr. Siu Muk Lung, he also ceased to be an Authorised Representative with effect from the publication of the Appointment Announcement. Mr. Siu has also tendered a written notice of termination of his authorization as the authorized representative of the Company under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the Companies Ordinance) for acceptance of the service of process and notices on behalf of the Company in Hong Kong (the Process Agent). According to the Companies Ordinance, he will cease to be the Process Agent with effect from the expiration of 21 days after the necessary filing with the Companies Registry in Hong Kong has been made. With effect from the publication of the Appointment Announcement, Ms. Wong Fung Yee May has been appointed as the Company Secretary, an Authorised Representative and the Process Agent and Mr. Fang Jason Kin Hoi, an executive Director, has been appointed as an Authorised Representative. Announcement • Mar 14
HK Asia Holdings Limited Announces Director Resignations HK Asia Holdings Limited announced that with effect from the publication of this joint announcement: Mr. Siu Muk Lung (Mr. Siu) has resigned as executive Director and Chairman of the Board; Mr. Chung Chi Fai (Mr. Chung) has resigned as executive Director; Mr. Ritchie Ma ("Mr. Ma"), Mr. Lam Kin Lun Davie ("Mr. Lam") and Ms. Cheung Yuet Ngo Flora ("Ms. Cheung") have resigned as non-executive Directors; and Mr. Lee Kwan Ho, Vincent Marshall ("Mr. Lee"), Mr. Kwok Wai Leung, Stanley ("Mr. Kwok") and Mr. Fok Kam Chau ("Mr. Fok") have resigned as independent non-executive Directors. All the above outgoing Directors (the "Outgoing Directors") resigned due to a change in control of the Company following the Acquisition Completion. New Risk • Jan 18
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: HK$126m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Profit margins are more than 30% lower than last year (2.1% net profit margin). Significant insider selling over the past 3 months (HK$126m sold). Market cap is less than US$100m (HK$190.0m market cap, or US$24.4m). 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: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (2.1% net profit margin). Market cap is less than US$100m (HK$198.0m market cap, or US$25.5m). Reported Earnings • Dec 02
First half 2025 earnings released: EPS: HK$0.002 (vs HK$0.027 in 1H 2024) First half 2025 results: EPS: HK$0.002 (down from HK$0.027 in 1H 2024). Revenue: HK$98.5m (down 24% from 1H 2024). Net income: HK$691.0k (down 94% from 1H 2024). Profit margin: 0.7% (down from 8.4% in 1H 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 61% per year, which means it is performing significantly worse than earnings. Announcement • Nov 29
HK Asia Holdings Limited Announces Changes Executive and Committees HK Asia Holdings Limited announced the following changes in the Board. Mr. Shiao Hei Lok Herod ("Mr. Shiao") has tendered his resignation as an independent non-executive Director, the chairman of the remuneration committee of the Company (the "Remuneration Committee"), and a member of each of the audit committee (the "Audit Committee") and nomination committee (the "Nomination Committee") of the Company with effect from 29 November 2024 due to his personal career commitment which requires more of his dedication. Mr. Shiao has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company. The Board would like to express its sincere gratitude to Mr. Shiao for his valuable efforts and contributions to the Group during his tenure of office. The Board announced that Ms. Cheung Yuet Ngo Flora ("Ms. Cheung") has been appointed as a non-executive Director with effect from 29 November 2024. Ms. Cheung Yuet Ngo Flora, aged 63, is the administration manager of the Group. She joined the Group on 1 July 2017 and is primarily responsible for overseeing the human resources and administration of the Group. Ms. Cheung graduated from the Sheffield City Polytechnic (currently known as the Sheffield Hallam University), the United Kingdom with a Higher National Diploma in Business and Finance in July 1991. She further obtained a Postgraduate Diploma in Business Administration in the same university in June 1992. Ms. Cheung has extensive experience in the marketing and administration field. During the period of August 1997 to August 2008, Ms. Cheung was the owner of Prime Premium & Promotions. Before
that, she was the head of sales and marketing at MBf Asia Capital Corporation Holdings Limited from March to December 1996, and the marketing distribution and sales manager at Citibank, N.A. from November 1992 to March 1996. Ms. Cheung is the spouse of Mr. Ritchie Ma, a non-executive Director. Ms. Cheung confirmed that so far as she was aware, the dissolution of such companies above had not resulted in any liability or obligation imposed against her. Pursuant to a letter of appointment to be entered into between Ms. Cheung and the Company, the term of Ms. Cheung's appointment as a non-executive Director will be for a period of two years commencing from 29 November 2024 subject to the provisions of retirement and rotation of Directors under the articles of association of the Company (the "Articles"). Ms. Cheung will not receive any remuneration under the letter of appointment. As the administrative manager of the Group, Ms. Cheung is entitled to a monthly salary of HK$15,000 under her employment contract with Hong Kong Mobile Phone Limited, a wholly-owned subsidiary of the Company. Pursuant to the Articles, Ms. Cheung shall hold office as a Director until the first annual general meeting of the Company after her appointment and shall then be eligible for re-election at that meeting. As at the date of this announcement, save as disclosed above, Ms. Cheung: (i) does not hold any other positions in the Company or other members of the Group; (ii) does not have any other relationship with any Directors, senior management or substantial shareholder or controlling shareholder of the Company; (iii) has not held any other directorships in listed public companies in the last three years; and (iv) does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). The Board would like to take this opportunity to welcome Ms. Cheung to the Board. Following the resignation of Mr. Shiao, Mr. Fok Kam Chau, independent non-executive Director, has been appointed as the chairman of the Remuneration Committee with effect from 29 November 2024. Announcement • Nov 18
HK Asia Holdings Limited to Report First Half, 2025 Results on Nov 28, 2024 HK Asia Holdings Limited announced that they will report first half, 2025 results on Nov 28, 2024 Upcoming Dividend • Sep 27
Upcoming dividend of HK$0.05 per share Eligible shareholders must have bought the stock before 04 October 2024. Payment date: 17 October 2024. The average dividend yield among industry peers is 3.3%. Announcement • Sep 20
HK Asia Holdings Limited Announces Special Dividend, Payable on 17 October 2024 HK Asia Holdings Limited announced special dividend of HKD 0.05 per share. Ex-dividend date: 04 October 2024. Record date: 09 October 2024. Payment date: 17 October 2024. Reported Earnings • Jul 30
Full year 2024 earnings released: EPS: HK$0.037 (vs HK$0.01 in FY 2023) Full year 2024 results: EPS: HK$0.037 (up from HK$0.01 in FY 2023). Revenue: HK$252.4m (up 23% from FY 2023). Net income: HK$14.8m (up 277% from FY 2023). Profit margin: 5.9% (up from 1.9% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 60% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jun 28
Full year 2024 earnings released: EPS: HK$0.037 (vs HK$0.01 in FY 2023) Full year 2024 results: EPS: HK$0.037 (up from HK$0.01 in FY 2023). Revenue: HK$252.4m (up 23% from FY 2023). Net income: HK$14.8m (up 277% from FY 2023). Profit margin: 5.9% (up from 1.9% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 58% per year, which means it is performing significantly worse than earnings. Announcement • Jun 28
HK Asia Holdings Limited, Annual General Meeting, Sep 05, 2024 HK Asia Holdings Limited, Annual General Meeting, Sep 05, 2024. Announcement • Jun 14
HK Asia Holdings Limited to Report Fiscal Year 2024 Results on Jun 27, 2024 HK Asia Holdings Limited announced that they will report fiscal year 2024 results on Jun 27, 2024 Reported Earnings • Dec 24
First half 2024 earnings released: EPS: HK$0.027 (vs HK$0.014 in 1H 2023) First half 2024 results: EPS: HK$0.027 (up from HK$0.014 in 1H 2023). Revenue: HK$129.0m (up 47% from 1H 2023). Net income: HK$10.8m (up 87% from 1H 2023). Profit margin: 8.4% (up from 6.6% in 1H 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 61% per year, which means it is performing significantly worse than earnings. Announcement • Nov 17
HK Asia Holdings Limited to Report First Half, 2024 Results on Nov 30, 2023 HK Asia Holdings Limited announced that they will report first half, 2024 results on Nov 30, 2023 Upcoming Dividend • Aug 28
Inaugural dividend of HK$0.15 per share Eligible shareholders must have bought the stock before 04 September 2023. Payment date: 18 September 2023. This is the first dividend for HK Asia Holdings since going public. The average dividend yield among industry peers is 4.1%. Announcement • Aug 18
HK Asia Holdings Limited Declares Special Dividend, Payable on 18 September 2023 HK Asia Holdings Limited announced the declaration and payment of a special dividend of HKD 0.15 per share. Ex-dividend date is on 04 September 2023 with Record date is on 07 September 2023. Payment date is on 18 September 2023. New Risk • Aug 13
New minor 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 Hong Kong stocks, typically moving 14% 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 (14% average weekly change). Earnings have declined by 12% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (HK$88.0m market cap, or US$11.3m). Reported Earnings • Jul 30
Full year 2023 earnings released: EPS: HK$0.01 (vs HK$0.049 in FY 2022) Full year 2023 results: EPS: HK$0.01 (down from HK$0.049 in FY 2022). Revenue: HK$204.6m (up 12% from FY 2022). Net income: HK$3.94m (down 80% from FY 2022). Profit margin: 1.9% (down from 11% in FY 2022). New Risk • Jul 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 28% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 12% per year over the past 5 years. Market cap is less than US$10m (HK$60.4m market cap, or US$7.72m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.9% net profit margin). New Risk • Jul 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.9% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 12% per year over the past 5 years. Market cap is less than US$10m (HK$58.8m market cap, or US$7.50m). Minor Risk Profit margins are more than 30% lower than last year (1.9% net profit margin). Reported Earnings • Jun 30
Full year 2023 earnings released: EPS: HK$0.01 (vs HK$0.049 in FY 2022) Full year 2023 results: EPS: HK$0.01 (down from HK$0.049 in FY 2022). Revenue: HK$204.6m (up 12% from FY 2022). Net income: HK$3.94m (down 80% from FY 2022). Profit margin: 1.9% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Announcement • Jun 30
HK Asia Holdings Limited, Annual General Meeting, Aug 31, 2023 HK Asia Holdings Limited, Annual General Meeting, Aug 31, 2023. New Risk • Jun 25
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 9.3% 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 Risks Earnings have declined by 6.2% per year over the past 5 years. Market cap is less than US$10m (HK$58.0m market cap, or US$7.41m). Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Share price has been volatile over the past 3 months (9.3% average weekly change). New Risk • Jun 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 6.2% per year over the past 5 years. Market cap is less than US$10m (HK$58.0m market cap, or US$7.41m). Minor Risk Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Announcement • Jun 15
HK Asia Holdings Limited to Report Fiscal Year 2023 Results on Jun 29, 2023 HK Asia Holdings Limited announced that they will report fiscal year 2023 results on Jun 29, 2023 Announcement • Jun 10
HK Asia Holdings Limited Provides Earnings Guidance for the Year Ended 31 March 2023 HK Asia Holdings Limited provided earnings guidance for the year ended 31 March 2023. The Group is expected to record a decrease in the profit attributable to owners of the Company for the year ended 31 March 2023 of about 81% as compared with the profit attributable to owners of the Company for the year ended 31 March 2022. Reported Earnings • Nov 25
First half 2023 earnings released: EPS: HK$0.015 (vs HK$0.023 in 1H 2022) First half 2023 results: EPS: HK$0.015 (down from HK$0.023 in 1H 2022). Revenue: HK$87.6m (down 1.3% from 1H 2022). Net income: HK$5.79m (down 38% from 1H 2022). Profit margin: 6.6% (down from 11% in 1H 2022). The decrease in margin was primarily driven by higher expenses. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Independent Non-Executive Director Vincent Marshall Lee was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 12
HK Asia Holdings Limited to Report First Half, 2023 Results on Nov 24, 2022 HK Asia Holdings Limited announced that they will report first half, 2023 results on Nov 24, 2022 Reported Earnings • Aug 01
Full year 2022 earnings released: EPS: HK$0.049 (vs HK$0.027 in FY 2021) Full year 2022 results: EPS: HK$0.049 (up from HK$0.027 in FY 2021). Revenue: HK$183.0m (up 35% from FY 2021). Net income: HK$19.5m (up 81% from FY 2021). Profit margin: 11% (up from 7.9% in FY 2021). The increase in margin was driven by higher revenue. Reported Earnings • Jul 02
Full year 2022 earnings released: EPS: HK$0.049 (vs HK$0.027 in FY 2021) Full year 2022 results: EPS: HK$0.049 (up from HK$0.027 in FY 2021). Revenue: HK$183.0m (up 35% from FY 2021). Net income: HK$19.5m (up 81% from FY 2021). Profit margin: 11% (up from 7.9% in FY 2021). The increase in margin was driven by higher revenue. Announcement • Jul 01
HK Asia Holdings Limited, Annual General Meeting, Sep 01, 2022 HK Asia Holdings Limited, Annual General Meeting, Sep 01, 2022. Announcement • Jun 17
HK Asia Holdings Limited to Report Fiscal Year 2022 Results on Jun 30, 2022 HK Asia Holdings Limited announced that they will report fiscal year 2022 results on Jun 30, 2022 Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Independent Non-Executive Director Vincent Marshall Lee was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Feb 05
Executive Chairman of the Board recently sold HK$4.6m worth of stock On the 31st of January, Muk Lung Siu sold around 1m shares on-market at roughly HK$4.39 per share. This was the largest sale by an insider in the last 3 months. Muk Lung has been a seller over the last 12 months, reducing personal holdings by HK$6.8m. Reported Earnings • Dec 02
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: HK$0.023 (down from HK$0.034 in 1H 2021). Revenue: HK$88.7m (up 12% from 1H 2021). Net income: HK$9.30m (down 32% from 1H 2021). Profit margin: 11% (down from 17% in 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Independent Non-Executive Director Vincent Marshall Lee 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: Insufficient board refreshment. Reported Earnings • Aug 04
Full year 2021 earnings released: EPS HK$0.027 (vs HK$0.066 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: HK$136.0m (down 32% from FY 2020). Net income: HK$10.8m (down 60% from FY 2020). Profit margin: 7.9% (down from 13% in FY 2020). Reported Earnings • Jun 26
Full year 2021 earnings released: EPS HK$0.027 (vs HK$0.066 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: HK$136.0m (down 32% from FY 2020). Net income: HK$10.8m (down 60% from FY 2020). Profit margin: 7.9% (down from 13% in FY 2020). Announcement • Jun 05
HK Asia Holdings Limited Provides Earnings Guidance for the Year Ended 31 March 2021 HK Asia Holdings Limited provided earnings guidance for the year ended 31 March 2021. The group is expected to record a decrease in the profit attributable to owners of the Company for the year ended 31 March 2021 by about 60% as compared with the profit attributable to owners of the Company for the year ended 31 March 2020. Recent Insider Transactions • Apr 12
Executive Chairman of the Board recently sold HK$822k worth of stock On the 9th of April, Muk Lung Siu sold around 248k shares on-market at roughly HK$3.31 per share. This was the largest sale by an insider in the last 3 months. Muk Lung has been a seller over the last 12 months, reducing personal holdings by HK$3.2m. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improved over the past week After last week's 15% share price gain to HK$3.54, the stock trades at a trailing P/E ratio of 57.3x. Average trailing P/E is 13x in the Electronic industry in Hong Kong. Total returns to shareholders of 2.0% over the past year. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to HK$2.99, the stock is trading at a trailing P/E ratio of 48.4x, down from the previous P/E ratio of 57.5x. This compares to an average P/E of 14x in the Electronic industry in Hong Kong. Total return to shareholders over the past year is a loss of 25%. Recent Insider Transactions • Dec 22
Executive Chairman of the Board recently sold HK$937k worth of stock On the 18th of December, Muk Lung Siu sold around 308k shares on-market at roughly HK$3.04 per share. This was the largest sale by an insider in the last 3 months. Muk Lung has been a seller over the last 12 months, reducing personal holdings by HK$1.5m. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improved over the past week After last week's 22% share price gain to HK$3.52, the stock is trading at a trailing P/E ratio of 57x, up from the previous P/E ratio of 46.8x. This compares to an average P/E of 13x in the Electronic industry in Hong Kong. Total return to shareholders over the past year is a loss of 13%. Is New 90 Day High Low • Nov 30
New 90-day low: HK$2.80 The company is down 20% from its price of HK$3.50 on 01 September 2020. The Hong Kong market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 10.0% over the same period. Reported Earnings • Nov 29
First half 2021 earnings released: EPS HK$0.034 The company reported a soft first half result with weaker earnings and revenues, although profit margins were improved. First half 2021 results: Revenue: HK$79.0m (down 24% from 1H 2020). Net income: HK$13.7m (down 12% from 1H 2020). Profit margin: 17% (up from 15% in 1H 2020). The increase in margin was driven by lower expenses. Announcement • Nov 12
HK Asia Holdings Limited to Report First Half, 2021 Results on Nov 26, 2020 HK Asia Holdings Limited announced that they will report first half, 2021 results on Nov 26, 2020 Is New 90 Day High Low • Oct 28
New 90-day low: HK$3.03 The company is down 24% from its price of HK$4.00 on 30 July 2020. The Hong Kong market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 8.0% over the same period. Recent Insider Transactions • Oct 20
Executive Chairman of the Board recently sold HK$198k worth of stock On the 19th of October, Muk Lung Siu sold around 62k shares on-market at roughly HK$3.19 per share. This was the largest sale by an insider in the last 3 months. Muk Lung has been a seller over the last 12 months, reducing personal holdings by HK$595k. Is New 90 Day High Low • Oct 09
New 90-day low: HK$3.16 The company is down 4.0% from its price of HK$3.30 on 10 July 2020. The Hong Kong market is also down 4.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Electronic industry, which is down 12% over the same period.