88IV - Public company info - Walnut Capital Limited

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Walnut Capital Limited, 00905.HK - Company Profile
Chairman	Mung Kin Keung
Share Issued (share)	700,000,000
Par Currency	Hong Kong Dollar
Par Value	0.01
Industry	Investments & Assets Management
Corporate Profile	Business Summary: The principal activity of the Group principally engaged in investment in listed and unlisted companies. Performance for the year: During the year ended 31 December 2019, the Group recorded a loss attributable to owners of the Company of approximately HK$91.3 million, compared to a loss attributable to owners of the Company of approximately HK$141.2 million for the year ended 31 December 2018. The Group recorded a decrease in loss of approximately HK$49.9 million attributable to owners of the Company for the year ended 31 December 2019. Business Review As at 31 December 2019, the major investments of the Group were (i) approximately HK$251,922,000 of a portfolio of listed financial instruments; (ii) approximately HK$41,338,000 of direct investment in unlisted financial instruments; and (iii) approximately HK$23,159,000 of direct investment in unlisted investment funds. The investment portfolio of the Group mainly comprises equity and debt securities mainly in Hong Kong, Singapore, Canada and the United States of America. Dividend from listed equity investments during the year ended 31 December 2019 was approximately HK$3,821,000. Interest income from debt securities during the year ended 31 December 2019 was approximately HK$2,207,000. All investments with a value greater than 5% of the Group’s gross assets and at least 10 largest investments at 31 December 2019. Prospects: Due to the ongoing social unrest, U.S. China trade disputes, 2020 was a slow year for the Hong Kong stock market. After experiencing a heavy sell-off in the 2nd half of the year, and a slight recovery in December, the board originally expected 2020’s sentiment to be positive. However, with the outbreak of the coronavirus, everything changed. Due to the coronavirus, stock markets worldwide are experiencing brutal sell-off, it also leads to huge uncertainty in the world, and it will be changing the Group’s lives as the Group knows permanently. Although the Federal Reserve & other central banks had significantly cut-rate, launched quantitative easing programs, and multiples government had launched different stimulus packages. These extreme measures did not help the investor to regain their confidence, and major stock markets entered a bear market. The Group will remain focus on finding and purchase strong companies that are trading at an attractive value, and the Group will increase its cash position and reinvest when it finds suitable.

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