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Public company info - Oshidori International Holdings Limited , 00622.HK

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Oshidori International Holdings Limited, 00622.HK - Company Profile
Chairman Alejandro Yemenidjian
Share Issued (share) 6,114,000,000
Par Currency Hong Kong Dollar
Par Value 0.05
Industry Other Financials
Corporate Profile Business Summary: The Group principally engages in investment holdings, trading and investment in securities, and the provision of (i) securities brokerage services, (ii) placing and underwriting services, (iii) corporate finance advisory services, (iv) money lending services, (v) investment advisory and asset management services, and (vi) margin financing services. Performance for the year: For the year ended 31 December 2019, the Group’s revenue surged to approximately HK$282.3 million, as compared with a negative amount of approximately HK$94.5 million over last year. Loss for the year ended 31 December 2019 amounted to approximately HK$360.0 million compared with the loss of approximately HK$1.4 million for last year. Basic losses per share is HK6.19 cents compared with basic earnings per share of HK0.50 cents for last year. Business Review Brokerage Services and Margin Financing For the year ended 31 December 2019, the brokerage commission income generated from securities brokerage services decreased by 36.0% to approximately HK$1.6 million (2018: approximately HK$2.5 million), which was due to the volatile local stock market and negative global investment sentiments. For the year ended 31 December 2019, the interest income generated from provision of margin financing services amounted to approximately HK$29.9 million (2018: approximately HK$16.4 million). The Group will continue to balance risk and return and maintain a cautious approach to the credit control of its margin financing business. Money Lending The money lending sector performed well during 2019. The interest income generated from money lending services soared by 120.7% to approximately HK$49.4 million for the year ended 31 December 2019 (2018: approximately HK$22.4 million). The Group remains positive about its money lending business and will continue to provide high-quality services to its clients. Placing and Underwriting Services For the year ended 31 December 2019, Win Wind Securities Limited, a wholly owned subsidiary of the Company, has no placing and underwriting activities and no placement commission was generated (2018: nil). The Group has maintained a cautious approach before committing to underwriting and placing services at times of market turbulence. Corporate Finance For the year ended 31 December 2019, corporate finance advisory fees increased by approximately 66.7% to approximately HK$0.5 million (2018: approximately HK$0.3 million). Investment advisory No investment advisory services income has been generated for the year ended 31 December 2019 (2018: nil). Proprietary Trading and Investments The Group engages in proprietary trading of listed securities, unlisted convertible notes and unlisted investment funds, which are classified as financial assets at FVPL. The fair value of the financial assets at FVPL amounted to approximately HK$2,132.0 million as of 31 December 2019 (2018: approximately HK$2,585.4 million) and a realised gain on financial assets at FVPL of approximately HK$99.4 million was achieved for the year ended 31 December 2019 (2018: realised loss of approximately HK$301.2 million). Dividend income decreased by approximately 45.9% to approximately HK$87.2 million (2018: approximately HK$161.2 million). Prospects: Triggered by the widespread coronavirus and oil shocks, global financial markets are in complete turmoil, gradually moving to a global recession. In addition, Hong Kong as a global financial center is also influenced by the slowdown of global economies, rising trade barriers, the increasing geopolitical tensions as well as the local social unrest. The full year business outlook of the Group in 2020 will be uncertain. The anticipated market conditions further strengthen the Group’s intention to explore potential investment opportunities in fintech, lifestyle, real estate and integrated resort (“IR”) projects in other regions including but not limited to Japan. As at the date of this Annual Report, certain prefectures of Japan expressed their interest in the establishment of an integrated resort and completed their respective request-for-concept (the “RFC”) process. The Company registered as the participant of the RFC process in one of the prefectures in Japan and submitted a proposal to the relevant Japanese government authority in January 2020. The Company’s RFC proposal features an overall concept of the proposed integrated resort including facility designs, marketing and operation policies. As at the date of this Annual Report, the national government of Japan is finalizing its IR basic policy. Local governments will finalize and release their respective IR implementation policy in the near future. Therefore, the Company is vigorously monitoring relevant updates from the government authorities in Japan. In addition, the Group will continue to adopt prudent capital management and liquidity risk management policies to preserve adequate buffer to meet the challenges ahead.

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