Last $0.97 HKD
Change Today +0.01 / 1.04%
Volume 870.0K
420 On Other Exchanges
Symbol
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As of 4:01 AM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

fountain set hldgs (420) Snapshot

Open
$0.96
Previous Close
$0.96
Day High
$0.97
Day Low
$0.95
52 Week High
08/8/13 - $1.32
52 Week Low
04/29/13 - $0.88
Market Cap
1.2B
Average Volume 10 Days
534.6K
EPS TTM
$0.08
Shares Outstanding
1.2B
EX-Date
06/27/14
P/E TM
12.8x
Dividend
$0.02
Dividend Yield
--
Current Stock Chart for FOUNTAIN SET HLDGS (420)

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fountain set hldgs (420) Details

Fountain Set (Holdings) Limited, an investment holding company, engages in production and sale of knitted fabrics. The company provides integrated operations in fabric knitting, dyeing, printing, and finishing, as well as offers dyed yarns, sewing threads, and garments, including sportswear, casual wear, sleep wear, and inner wear products. It also engages in trading activities of dyed fabrics, yarns, sewing threads, and dyestuffs and chemicals. The company serves garment factories, retailers, and international and domestic brands. It operates in Hong Kong, the People’s Republic of China, Taiwan, Korea, Sri Lanka, America, Singapore, Macau, and Europe. Fountain Set (Holdings) Limited was founded in 1969 and is based in Kwai Chung, Hong Kong.

12,800 Employees
Last Reported Date: 03/21/14
Founded in 1969

fountain set hldgs (420) Top Compensated Officers

Founder, Honorary Chairman and Senior Consult...
Total Annual Compensation: $15.7M
Vice Chairman, Group Managing Director and Ex...
Total Annual Compensation: $5.1M
Executive
Total Annual Compensation: $1.0M
Compensation as of Fiscal Year 2012.

fountain set hldgs (420) Key Developments

Fountain Set Holdings Ltd. Reports Consolidated Earnings Results for the Year Ended December 31, 2013; Proposes Final Dividend for the Year Ended December 31, 2013; Provides Earnings Operational and Productivity Guidance for the Full Year 2014

Fountain Set Holdings Ltd. reported consolidated earnings results for the year ended December 31, 2013. For the year, the company reported revenue of HKD 6,942,807,000 against HKD 9,167,089,000 a year ago. Profit before taxation was HKD 86,398,000 against loss before taxation of HKD 333,457,000 a year ago. Profit for the period was HKD 100,688,000 against loss for the period of HKD 337,761,000 a year ago. Profit for the period attributable to owners of the company was HKD 91,304,000 against HKD 324,167,000 a year ago. Earnings per share basic and diluted were 7.6 cents against loss per share of 33.5 cents a year ago. The company proposed final dividend of 2 HKD cents in respect of the year ended December 31, 2013 (2012: Nil) per share, amounting to approximately HKD 24,061,000 (2012: Nil) in total, and is subject to approval by the shareholders in the forthcoming annual general meeting. The register of shareholders of the company will be closed from July 2, 2014 to July 4, 2014 inclusive, during which no transfer of shares will be registered. For the full year 2014, the company expects that the overall operational efficiency and productivity will be highly improved.

Fountain Set Holdings Ltd. Announces Management Changes

The board of directors of Fountain Set (Holdings) Limited announced that the chairman and executive director of the company, Madam Li Lan, will take up the position of chief executive officer of the company with effect from March 21, 2014. Mr. Ha Kam On, Victor will cease to act as the chief executive officer of the company with effect from the same date but will remain as vice-chairman and executive director to be responsible for the groups internal audit operations so as to ensure the compliance of the group's operational procedures with internal control policies. Madam Li Lan was appointed as the chairman of the board, an executive director and the chairman of the nomination committee on June 6, 2012. Before joining the group, madam li has been the deputy general manager of Chinatex Corporation.

Fountain Set Holdings Ltd. Provides Earnings Guidance for Twelve Months Ended December 31, 2013

The board of director of the Fountain Set Holdings Ltd. announced the shareholders of the company and potential investors that based on preliminary review of the unaudited consolidated management accounts of the Group, it is expected that the Group will record a net profit for the twelve months ended December 31, 2013 as compared to a net loss for the sixteen months ended December 31, 2012. The profit for the twelve months ended December 31, 2013 was mainly attributable to the improvement in operation efficiency through adopting a series of measures by the Group to reduce operating and management costs; together with a decline in international cotton prices resulting in relatively stable costs of raw materials; and the increase in the Group's operational efficiency gained by constantly optimizing the management structure and operational processes.

 

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Valuation 420 Industry Range
Price/Earnings 12.8x
Price/Sales 0.2x
Price/Book 0.4x
Price/Cash Flow 12.8x
TEV/Sales NM Not Meaningful
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