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Times Universal Group Holdings Limited logo

Times Universal Group Holdings Limited

2310.HK

HKSEConsumer CyclicalTravel Services

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Latest quote

HK$0.21

+HK$0.01 · +5.00%

Aug 24, 4:08 PM HKT

2310.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Times Universal Group Holdings Limited functions as an investment holding company, with its primary operations centered on hotel management within the People's Republic of China and Canada. Beyond its core hospitality business, the group also delivers property management services and holds a collection of investment properties to generate rental income. The firm, which was previously known as Forebase International Holdings Limited, rebranded to Times Universal Group Holdings Limited in July 2020. Established in 1987, its corporate headquarters are situated in Sheung Wan, Hong Kong.

Industry
Travel Services
Sector
Consumer Cyclical
Headquarters
HK
CEO
Yun Chor Choi
Listed since
Jul 4, 2003
Employees
422

Market position

52-week range

Current HK$0.21

Open
HK$0.21
Previous close
HK$0.20
Volume
0
0× average
Average volume
547.07K
Average daily volume
Market cap
229.5M HKD
Beta
1.25
Market reference 1
50-day average
HK$0.1652
+27.10% above average
200-day average
HK$0.0941
+123.26% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
121.14M HKD
P/E (TTM)
-175×
P/B (TTM)
-6.79×
P/S (TTM)
1.96×
EV / EBITDA
68.48×
Earnings yield
-3.46%
Free cash flow yield
-2.55%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
19.49%
Operating margin
-3.05%
Net margin
-1.19%
Return on equity
4.14%
Return on assets
-1.28%
Return on invested capital
-6.00%

Financial health

Debt / equity
-2.76×
Current ratio
0.16×
Altman Z-score
-2.73
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends30%9%-12%-32%Gross margin, FY2021: 24.46%Gross margin, FY2022: 24.21%Gross margin, FY2023: 21.73%Gross margin, FY2024: 21.52%Gross margin, FY2025: 20.36%Operating margin, FY2021: -26.38%Operating margin, FY2022: -26.11%Operating margin, FY2023: -1.53%Operating margin, FY2024: -3.62%Operating margin, FY2025: -3.05%Net margin, FY2021: -26.95%Net margin, FY2022: -25.18%Net margin, FY2023: -8.16%Net margin, FY2024: -6.77%Net margin, FY2025: -1.19%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 24.46%. Gross margin FY2022 24.21%. Gross margin FY2023 21.73%. Gross margin FY2024 21.52%. Gross margin FY2025 20.36%. Operating margin FY2021 -26.38%. Operating margin FY2022 -26.11%. Operating margin FY2023 -1.53%. Operating margin FY2024 -3.62%. Operating margin FY2025 -3.05%. Net margin FY2021 -26.95%. Net margin FY2022 -25.18%. Net margin FY2023 -8.16%. Net margin FY2024 -6.77%. Net margin FY2025 -1.19%.

Income trends

Revenue

117.18M HKD+5.78%

Operating income

−3.58M HKD+10.84%

Net income

−1.4M HKD+81.34%
Income trends across reported periods131.4M HKD74.5M HKD17.6M HKD−39.31M HKDRevenue, FY2021: 77.7M HKDRevenue, FY2022: 96.06M HKDRevenue, FY2023: 101.56M HKDRevenue, FY2024: 110.78M HKDRevenue, FY2025: 117.18M HKDOperating income, FY2021: −20.5M HKDOperating income, FY2022: −25.08M HKDOperating income, FY2023: −1.55M HKDOperating income, FY2024: −4.01M HKDOperating income, FY2025: −3.58M HKDNet income, FY2021: −20.94M HKDNet income, FY2022: −24.19M HKDNet income, FY2023: −8.29M HKDNet income, FY2024: −7.5M HKDNet income, FY2025: −1.4M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 77.7M HKD. Revenue FY2022 96.06M HKD. Revenue FY2023 101.56M HKD. Revenue FY2024 110.78M HKD. Revenue FY2025 117.18M HKD. Operating income FY2021 −20.5M HKD. Operating income FY2022 −25.08M HKD. Operating income FY2023 −1.55M HKD. Operating income FY2024 −4.01M HKD. Operating income FY2025 −3.58M HKD. Net income FY2021 −20.94M HKD. Net income FY2022 −24.19M HKD. Net income FY2023 −8.29M HKD. Net income FY2024 −7.5M HKD. Net income FY2025 −1.4M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue117.18M HKD110.78M HKD101.56M HKD96.06M HKD77.7M HKD
Cost of goods sold93.32M HKD86.93M HKD79.49M HKD72.8M HKD58.69M HKD
Gross profit23.86M HKD23.84M HKD22.07M HKD23.25M HKD19.01M HKD
Selling, general, and administrative25.25M HKD27.86M HKD22.04M HKD31.86M HKD35.15M HKD
Operating expenses25.25M HKD27.86M HKD22.04M HKD48.34M HKD35.4M HKD
Interest income35K HKD—7K HKD7K HKD12K HKD
Interest expense1.42M HKD2.76M HKD3.11M HKD4.7M HKD5.16M HKD
Depreciation and amortization5.35M HKD6.51M HKD5.56M HKD7.8M HKD9.05M HKD
Operating income−3.58M HKD−4.01M HKD−1.55M HKD−25.08M HKD−20.5M HKD
Net income−1.4M HKD−7.5M HKD−8.29M HKD−24.19M HKD−20.94M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates-0-0.02-0.04-0.05Q2 '21Q4 '21Q3 '22Q2 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual -0.005, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual -0.014, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 30, 2022: actual -0.012, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Apr 28, 2023: actual -0.014, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 31, 2023: actual -0.003, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual -0.004, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 27, 2024: actual -0.003, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 26, 2025: actual -0.004, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates63.22M52.98M42.74M32.5MQ2 '21Q4 '21Q3 '22Q2 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 34.94M HKD, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 42.76M HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 30, 2022: actual 45.12M HKD, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Apr 28, 2023: actual 50.93M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 31, 2023: actual 45.96M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual 55.6M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 27, 2024: actual 49.99M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 26, 2025: actual 60.79M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.0174

2008 complete year-26.9% since 2006

Corporate action history

Dividend

Ex-dividend Oct 3, 2008

HK$0.005

Semi-Annual

Record Oct 6, 2008 · Payment Oct 17, 2008

Dividend

Ex-dividend May 19, 2008

HK$0.014

Special

Record May 20, 2008 · Payment Jun 3, 2008

Dividend

Ex-dividend Sep 27, 2007

HK$0.015

Semi-Annual

Record Sep 28, 2007 · Payment Oct 12, 2007

Dividend

Ex-dividend May 10, 2007

HK$0.011

Semi-Annual

Record May 11, 2007 · Payment May 28, 2007

Dividend

Ex-dividend Sep 28, 2006

HK$0.007

Semi-Annual

Record Oct 3, 2006 · Payment Oct 13, 2006

Dividend

Ex-dividend May 11, 2006

HK$0.019

Semi-Annual

Record May 15, 2006 · Payment May 26, 2006

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