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Future World Holdings Limited
(0572)
Future World Holdings Limited (0572) vs. iShares MSCI Hong Kong ETF (EWH)
Future World Holdings Limited Business Overview & Revenue Model
Future World Holdings Limited Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 84.46M | 38.95M | 47.69M | 81.90M | 222.19M |
| Gross Profit | 53.31M | 21.64M | 27.82M | 26.88M | 50.70M |
| EBITDA | 1.22M | -128.70M | 12.56M | -9.16M | -298.00K |
| Net Income | 13.49M | -151.73M | -7.02M | -7.64M | -38.00M |
Balance Sheet | |||||
| Total Assets | 1.67B | 1.23B | 1.37B | 1.38B | 1.49B |
| Cash, Cash Equivalents and Short-Term Investments | 220.09M | 170.55M | 38.98M | 12.08M | 12.49M |
| Total Debt | 750.60M | 409.00M | 389.15M | 425.89M | 468.54M |
| Total Liabilities | 819.50M | 424.86M | 437.05M | 466.04M | 538.66M |
| Stockholders Equity | 848.03M | 801.07M | 946.15M | 917.82M | 944.96M |
Cash Flow | |||||
| Free Cash Flow | 0.00 | -32.23M | 71.76M | -2.56M | -65.51M |
| Operating Cash Flow | 30.86M | -31.38M | 72.54M | -219.00K | -54.14M |
| Investing Cash Flow | 0.00 | 1.78M | 6.11M | 59.51M | 14.87M |
| Financing Cash Flow | 0.00 | 82.13M | 14.64M | -51.57M | 26.94M |
Future World Holdings Limited Technical Analysis
Future World Holdings Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | 4.16B | 9.15 | 11.45% | 8.60% | 3.23% | -21.82% | |
73 Outperform | 38.12B | 10.12 | 9.83% | 2.59% | ― | ― | |
70 Outperform | 1.65B | 8.19 | 11.44% | 14.65% | -5.19% | -19.96% | |
54 Neutral | 1.54B | -139.13 | 11.24% | ― | -82.87% | -110.99% | |
49 Neutral | 252.87M | -7.47 | -177.14% | ― | -8.05% | 33.37% | |
46 Neutral | HK$137.19M | 6.94 | 2.13% | ― | 419.68% | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
Future World Holdings Limited Corporate Events
Future World Holdings Limited has announced its annual general meeting scheduled for June 20, 2025, in Hong Kong. The meeting will address several key resolutions, including the adoption of the 2024 financial statements, re-election of directors, and re-appointment of the auditor. Additionally, the board seeks approval to allot and issue shares, which could impact the company’s capital structure and market activities.
Future World Holdings Limited announced that the Ordinary Resolution regarding the New Loan Agreement was successfully passed at their Extraordinary General Meeting held on April 17, 2025. The resolution received unanimous support from shareholders, with 100% of votes cast in favor. This development signifies a positive step for the company, potentially enhancing its financial flexibility and operational capabilities.
Future World Holdings Limited has completed a significant transaction involving the acquisition of the entire issued share capital of Aspire Holding, making it a wholly-owned subsidiary. This acquisition, completed on April 1, 2025, will see the financial results, assets, and liabilities of Aspire Holding consolidated into Future World’s financial statements. The transaction was settled through the issuance of 23 million consideration shares and a promissory note, impacting the company’s shareholding structure by introducing a new stakeholder with a 7.63% share.
Future World Holdings Limited announced its audited financial results for the year ended December 31, 2024, reporting a significant increase in revenue to HKD 84,458,000 from HKD 38,948,000 in the previous year. The company achieved a profit of HKD 13,331,000, a notable turnaround from the previous year’s loss of HKD 152,531,000, driven by substantial gains in other income and financial assets, despite challenges such as increased administrative expenses and changes in the fair value of investment properties.
Future World Holdings Limited, a company incorporated in the Cayman Islands, has announced an extraordinary general meeting (EGM) to be held on April 17, 2025, in Hong Kong. The meeting’s primary agenda is to ratify and approve a new loan agreement between Globally Finance Limited and Central Wealth Group Holdings Limited. The approval of this agreement is expected to impact the company’s financial operations and stakeholder interests positively.
Future World Holdings Limited has issued a positive profit alert, forecasting a profit of approximately HK$13 million for the year ending December 31, 2024, compared to a loss of HK$152 million in the previous year. This turnaround is attributed to increased revenue from hotel operations and ancillary businesses, improved rental and property management income, favorable changes in the fair value of financial assets, reversal of credit loss allowances, and gains from modifications of borrowings.
Future World Holdings Limited announced that all Ordinary Resolutions proposed at their Extraordinary General Meeting (EGM) held on March 14, 2025, were passed by shareholders via poll. The resolutions included the approval of a Conditional Provisional Agreement and a Deed of Assignment. The meeting saw participation from executive and independent non-executive directors, with voting conducted by Computershare Hong Kong Investor Services Limited. The approval of these resolutions signifies a strategic move for Future World Holdings Limited, potentially impacting its operational strategies and stakeholder interests.
Future World Holdings Limited has announced a board meeting scheduled for March 28, 2025, to review and approve the audited final results for the year ending December 31, 2024, and to discuss the potential payment of a final dividend. This meeting is significant as it will determine the company’s financial performance and dividend policy, impacting stakeholders and potentially influencing the company’s market position.
Future World Holdings Limited has entered into a Sales and Purchase Agreement to acquire the entire equity interest in Aspire Holding and the Shareholder’s Loan for a total consideration of HK$27,738,000. This transaction will be completed through the issuance of Consideration Shares and a Promissory Note. Upon completion, Aspire Holding will become a wholly-owned subsidiary of Future World Holdings Limited. The acquisition is classified as a discloseable transaction under the Listing Rules, requiring reporting and announcement due to its applicable percentage ratios. The completion of this acquisition is conditional, and stakeholders are advised to exercise caution.
Future World Holdings Limited announced an extension of its loan facility agreement between its subsidiary, Globally Finance, and Central Wealth. The new agreement extends the loan’s availability and repayment date to December 2025, with a possible extension to December 2026 at Globally Finance’s discretion, and sets the principal amount at approximately HKD91.98 million. This extension constitutes a major transaction under the Listing Rules, requiring shareholder approval, and reflects the company’s strategic financial management and ongoing partnership with Central Wealth.
Future World Holdings Limited has announced an extraordinary general meeting (EGM) to be held on March 14, 2025, in Hong Kong. The meeting will address the ratification and approval of a Conditional Provisional Agreement and a Deed of Assignment, both dated December 23, 2024, involving transactions with Mr. Lai Long Wai. The resolutions aim to authorize company directors to implement necessary actions to effectuate these agreements, reflecting strategic decisions that may impact the company’s operational and financial strategies.
Future World Holdings Limited has completed the issuance of 23,188,310 new shares under a general mandate to settle a promissory note, with the transaction culminating on February 21, 2025. The share issuance has resulted in a change in the company’s shareholding structure, significantly increasing the Subscriber’s stake from 8.50% to 16.12%, while the overall number of shares has expanded to 278,507,892.
Future World Holdings Limited announced a further delay in the dispatch of a circular related to an Acquisition and Assignment, initially expected by February 7, 2025. The delay, now extending to February 24, 2025, is due to additional time needed for preparing and finalizing the circular’s contents, impacting shareholder communications and likely affecting timelines for associated transactions.