Quam Securities

Since its inception in 1986, Quam Securities Limited (Quam Securities) has grown to become one of the few mid-tier securities brokerages in Hong Kong with global execution capabilities for both private and institutional clients. It boasts a well-established network in Greater China including Taiwan and in major world markets through the Global Alliance Partners (GAP). Quam Securities is well-positioned not only to harness and drive business within the China Tonghai International Financial Limited but also between China and the world markets.

Research from Quam Securities

Research from Quam Securities, Quam Securities

Quam Securities Research

Equity Bottom-Up

Plover Bay Technologies / Equity Bottom-Up

<div><div><div><div><ul><li>Plover Bay managed to post a satisfactory set of 1H23 results under the unfavourable global economy’s condition, with net profit increasing by 19.1% y/y to USD12.3mn, which was in line with our expectation.</li><li>Thanks to the wide adoption of its products across many industries, total revenue increased by 11.0% y/y.</li><li>Sales to EMEA grew 14.1% y/y, while sales to N. America increased by 11.3% y/y. An interim DPS of 7.01 HK cents was declared, translating into a payout ratio of 80% (1H22: 80%). </li></ul></div></div></div></div>

Plover Bay managed to post a satisfactory set of 1H23 results under the unfavourable global economy’s condition, with net profit increasing by 19.1% y/y to USD12.3mn, which was in line with our expectation.Thanks to the wide adoption of its products across many industries, total revenue increased by 11.0% y/y.Sales to EMEA grew 14.1% y/y, while sales to N. America increased by 11.3% y/y. An interim DPS of 7.01 HK cents was declared, translating into a payout ratio of 80% (1H22: 80%). 

Plover Bay Technologies Limited - 1H23 Net Profit in Line; Maintain BUY