Tracks the performance of the Hang Seng TECH Index. Invests in equity securities of the 30 largest technology companies listed on the Hong Kong Stock Exchange. Now — the numbers.
This is an established company with proven profits.
No real growth (1% a year). Red columns mark years that ended in a loss.
The market pays 10.6× for every dollar of annual profit — cheap, which is either an opportunity or a warning.
No analyst target is on record for this company.
angles, checked one by one.
The 2 that stand out are on screen; the rest came back neutral.
The council scores out of 10; report-card grades are out of 100.
Cost Efficiency: As sales grow, profit fails to keep the same pace.
The stock trades 42% below its peak. The market has trimmed its expectations for the company.
It pays out $0.53 per share each year — regular cash for whoever holds the stock.
Over the last 4 years, sales grew only 1% a year on average. At this size, speeding back up is not easy.
Since the drop from its peak, buyer appetite hasn’t come back. Council score: 0/10.
Costs swallow the gains that sales growth brings in. Council score: 4/10.
We grade companies — revenue, margins, balance sheets. This is a fund, so there is no report card to give. That is not a low grade; it is a different kind of thing.
One-line summary: a basket, not a business. Judge it by what it holds.