Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 18 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

Shortlist Of High Conviction Ideas: Income, Value, and Margin of Safety - November 2025

Plover Bay (1523 HK): Preview On Earnings For H1 2025

Plover Bay (1523 HK): Slight Deceleration But Solid H1 FY25 And Optimistic Future Growth

Shortlist Of High Conviction Ideas: Income, Value, and Margin of Safety - March 2025

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

Plover Bay Technologies / Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/plover-bay-technologies-ltd" target="_blank" data-smartkarma-citation="entities:24191:1" rel="noopener">Plover Bay Technologies (1523 HK)</a> looks set to grow low double-digit YoY for FY25, with an expanding margin profile, led by growth from Asia and EMEA. </li>
<li>New partnerships forged with <a href="https://www.iridium.com/" target="_blank" rel="noopener">Iridium</a>, public safety projects in the US and Germany, increasing business from HK, and improving take-up rates will all be drivers of growth for the future. </li>
<li>Trading at 21x FY25 PE (assuming 10% growth), with a 4.4% dividend yield (assuming an 80% payout), but we acknowledge there could be upside to our earnings in the future.</li>
</ul>



Plover Bay Technologies (1523 HK) looks set to grow low double-digit YoY for FY25, with an expanding margin profile, led by growth from Asia and EMEA. 
New partnerships forged with Iridium, public safety projects in the US and Germany, increasing business from HK, and improving take-up rates will all be drivers of growth for the future. 
Trading at 21x FY25 PE (assuming 10% growth), with a 4.4% dividend yield (assuming an 80% payout), but we acknowledge there could be upside to our earnings in the future.


Plover Bay (1523 HK): Postcard from Hong Kong, Growth For The Future Lining Up