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Legend Upstar Holdings Limited
(0459)
Legend Upstar Holdings Limited (0459) vs. iShares MSCI Hong Kong ETF (EWH)
Legend Upstar Holdings Limited Business Overview & Revenue Model
Legend Upstar Holdings Limited Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 356.86M | 397.07M | 450.08M | 541.32M | 342.68M |
| Gross Profit | 356.86M | 397.44M | 450.08M | 541.32M | 342.68M |
| EBITDA | 51.26M | 59.01M | 42.00M | 97.07M | 36.89M |
| Net Income | -26.04M | -733.00K | -3.65M | 49.84M | -8.03M |
Balance Sheet | |||||
| Total Assets | 1.64B | 1.69B | 1.82B | 1.79B | 1.61B |
| Cash, Cash Equivalents and Short-Term Investments | 286.00M | 219.18M | 212.78M | 288.16M | 495.55M |
| Total Debt | 384.10M | 409.08M | 489.32M | 453.92M | 355.71M |
| Total Liabilities | 524.46M | 551.97M | 679.40M | 655.41M | 519.81M |
| Stockholders Equity | 1.11B | 1.13B | 1.13B | 1.13B | 1.08B |
Cash Flow | |||||
| Free Cash Flow | 0.00 | 57.24M | -8.28M | -132.88M | -16.45M |
| Operating Cash Flow | 103.38M | 61.19M | 163.00K | -101.69M | -15.57M |
| Investing Cash Flow | 0.00 | 35.07M | -70.07M | -155.16M | -15.27M |
| Financing Cash Flow | 0.00 | -89.86M | -3.14M | 64.36M | -34.60M |
Legend Upstar Holdings Limited Technical Analysis
Legend Upstar Holdings Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | HK$180.97M | 6.60 | 2.58% | 8.29% | -1.95% | 27.31% | |
57 Neutral | HK$158.74M | ― | -12.61% | ― | 11.40% | -9.26% | |
54 Neutral | $1.18B | 3.56 | 0.13% | 6.38% | -2.13% | -128.06% | |
48 Neutral | HK$144.42M | ― | -2.32% | ― | -8.45% | -3500.00% | |
45 Neutral | HK$89.67M | ― | -28.34% | ― | 3.08% | 32.12% | |
45 Neutral | HK$71.01M | ― | -12.21% | ― | 13.11% | 43.09% | |
43 Neutral | HK$170.00M | ― | -7.17% | 1.88% | 16.45% | 21.04% |
Legend Upstar Holdings Limited Corporate Events
Legend Upstar Holdings Limited has announced its upcoming annual general meeting (AGM) scheduled for June 5, 2025, in Hong Kong. The AGM will address several key items, including the adoption of the audited financial statements for the year ending December 31, 2024, the re-election of retiring directors, and the re-appointment of PricewaterhouseCoopers as the company’s auditor. Additionally, the meeting will consider a resolution to authorize the directors to buy back up to 10% of the company’s issued shares, reflecting a strategic move to potentially enhance shareholder value.
Legend Upstar Holdings Limited has announced the closure of its register of members to determine eligibility for attending and voting at its upcoming annual general meeting. The register will be closed from June 2 to June 5, 2025, and shareholders must submit transfer forms by May 30, 2025, to participate. This action is a routine corporate procedure to ensure proper shareholder representation and voting rights at the meeting.
Legend Upstar Holdings Limited announced a supplemental agreement to extend the repayment term of a mortgage loan to 24 months, effective from the loan’s drawdown date. This decision was made after careful credit assessments and negotiations, with the company deeming the terms fair and beneficial for both the company and its shareholders. The extension constitutes a material variation under the Listing Rules, highlighting the company’s commitment to maintaining favorable loan conditions.
Legend Upstar Holdings Limited, through its indirect wholly-owned subsidiary Legend Credit, has entered into a mortgage loan agreement with borrowers and mortgagors, lending HK$19,000,000 at a 12% annual interest rate for a 12-month term. This transaction is classified as a discloseable transaction under the Listing Rules, as the loan amount exceeds 5% of the applicable percentage ratios. The loan is secured by first legal charges over residential properties in Hong Kong with an aggregate valuation of approximately HK$45,000,000.
Legend Upstar Holdings Limited has reported its audited consolidated annual results for the year ending December 31, 2024. The company experienced a significant downturn, with revenues decreasing from HK$397,073,000 in 2023 to HK$356,856,000 in 2024. The company also reported a loss of HK$26,641,000 for the year, a stark contrast to the previous year’s loss of HK$1,695,000. The decline in financial performance is attributed to factors such as a fair value loss on investment properties and increased financial costs, impacting the company’s profitability and market position.
Legend Upstar Holdings Limited has issued a profit warning, indicating a significant increase in net loss for the fiscal year 2024 compared to the previous year. The company attributes this increase primarily to a substantial fair value loss on its investment properties, driven by a fragile non-residential property market. Despite this, the company expects to maintain operational profitability, although slightly lower than the previous year. The financial results are based on preliminary unaudited accounts and may be subject to adjustments.
Legend Upstar Holdings Limited, through its subsidiary Legend Credit, has entered into a mortgage loan agreement, providing a loan of HK$7,000,000 at an interest rate of 10.5% per annum for a 12-month term. This transaction is classified as a discloseable transaction under the Hong Kong Stock Exchange Listing Rules, as it exceeds the 5% threshold for applicable percentage ratios, necessitating reporting and announcement requirements. The loan is secured by a first legal charge over a residential property in Ho Man Tin, Hong Kong, valued at approximately HK$16,000,000.
Legend Upstar Holdings Limited has announced a board meeting scheduled for March 31, 2025, to approve the audited annual results for the year ending December 31, 2024, and to consider the recommendation of a final dividend. This meeting is significant as it will determine the company’s financial performance and potential shareholder returns, impacting its market position and stakeholder interests.
Legend Upstar Holdings Limited, through its indirect wholly-owned subsidiary Legend Credit, has entered into a mortgage loan agreement, providing a loan of HK$25,000,000 at an interest rate of 10.5% per annum with a 12-month repayment term. The transaction, considered discloseable due to its size relative to the company’s assets, involves securing the loan with legal charges and mortgages on various properties in Hong Kong valued at approximately HK$55,200,000, indicating a strategic financial maneuver aimed at leveraging property assets.