Deflated Tom Group Mired In Losses 23 Years After Splashy Debut
Portfolio Pulse from The Bamboo Works
Tom Group Ltd. (2383.HK) reported a loss of HK$95 million ($12.1 million) in H1 2023, returning to the red after briefly becoming profitable in 2022. The company's return to profitability in 2022 was due to a cash infusion from China Post, which has a joint venture with Tom Group, Ule. Despite the losses, Tom Group is valued at HK$2.9 billion, with a price-to-sales (P/S) ratio of 3.7. The company's shares are controlled by Li Ka-shing and Solina Chau Hoi Shuen. Tom Group earns most of its revenue from a Taiwan publishing unit, Cite Media Holdings, and also invests in tech companies.
August 10, 2023 | 1:26 pm
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NEGATIVE IMPACT
Tom Group Ltd. reported a loss in H1 2023, returning to the red after briefly becoming profitable in 2022. The company's shares fell 10% after the latest results were announced.
The company's return to losses after a brief period of profitability in 2022 is likely to negatively impact investor confidence, leading to a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Alibaba's depressed price-to-sales (P/S) ratio of 2 was mentioned in comparison to Tom Group's P/S ratio of 3.7.
The mention of Alibaba's P/S ratio in comparison to Tom Group's is unlikely to have a significant impact on Alibaba's stock price.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 20
NEUTRAL IMPACT
Facebook's P/S ratio was mentioned in comparison to Tom Group's P/S ratio.
The mention of Facebook's P/S ratio in comparison to Tom Group's is unlikely to have a significant impact on Facebook's stock price.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 20
NEUTRAL IMPACT
Google's P/S ratio was mentioned in comparison to Tom Group's P/S ratio.
The mention of Google's P/S ratio in comparison to Tom Group's is unlikely to have a significant impact on Google's stock price.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 20