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Far East Horizon Limited
(3360)
Far East Horizon Limited (3360) vs. S&P 500 (SPY)
Far East Horizon Limited Business Overview & Revenue Model
Far East Horizon Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 36.32B | 37.75B | 36.57B | 35.99B | 33.64B | 29.04B | Gross Profit |
| 36.32B | 15.80B | 16.96B | 17.86B | 17.21B | 14.97B | EBIT |
| 28.08B | 7.73B | 28.32B | 9.62B | 10.62B | 12.85B | EBITDA |
| 27.38B | 11.30B | 12.01B | 12.70B | 12.35B | 9.98B | Net Income Common Stockholders |
| 5.28B | 3.89B | 6.30B | 6.38B | 5.90B | 5.03B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 24.11B | 34.20B | 22.07B | 19.67B | 19.63B | 15.15B | Total Assets |
| 351.48B | 360.39B | 351.48B | 346.99B | 335.88B | 299.93B | Total Debt |
| 256.62B | 265.91B | 256.62B | 251.83B | 230.81B | 206.04B | Net Debt |
| 234.62B | 235.63B | 236.66B | 234.77B | 215.15B | 194.16B | Total Liabilities |
| 293.91B | 302.91B | 293.91B | 294.55B | 282.83B | 254.66B | Stockholders Equity |
| 51.67B | 48.99B | 51.67B | 48.33B | 49.04B | 42.60B |
| Cash Flow | Free Cash Flow | ||||
| 6.64B | 1.55B | 1.17B | -11.64B | -25.33B | -31.64B | Operating Cash Flow |
| 11.36B | 9.97B | 3.73B | -7.69B | -14.87B | -24.46B | Investing Cash Flow |
| -5.04B | -3.54B | -2.40B | -1.77B | -9.85B | -10.55B | Financing Cash Flow |
| -4.76B | -5.60B | 1.59B | 9.61B | 28.52B | 42.94B |
Far East Horizon Limited Technical Analysis
Far East Horizon Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $2.49T | 4.85 | 8.92% | -3.41% | -0.73% | ||
74 Outperform | $1.17T | 7.28 | 14.86% | 4.68% | -2.77% | 0.10% | |
67 Neutral | HK$131.37B | 9.70 | 5.84% | 2.95% | -9.55% | 24.91% | |
64 Neutral | HK$26.17B | 6.30 | 7.81% | 8.80% | -2.96% | -39.02% | |
64 Neutral | $12.60B | 9.73 | 7.92% | 16985.68% | 12.21% | -5.61% | |
63 Neutral | $136.94B | 2.87 | 8.83% | 6.76% | -9.80% | -18.36% | |
62 Neutral | €30.78B | 8.47 | 5.65% | ― | ― |
Far East Horizon Limited Corporate Events
Far East Horizon Limited announced that its subsidiary, Horizon Construction Development Limited, has entered into an agreement to acquire an 80% equity interest in Malaysia’s TH Tong Heng Machinery Sdn. Bhd. This strategic acquisition aims to strengthen Horizon Construction Development’s market presence in Southeast Asia by integrating an established sales and distribution network in Malaysia, thereby enhancing its operational capabilities and expanding its customer base. The transaction is expected to create synergies with Horizon Construction Development’s existing operations in Malaysia, benefiting the company’s overall business and its shareholders.
Far East Horizon Limited has announced adjustments to the conversion prices of its 2020 and 2021 convertible bonds due to the declaration of a final dividend. These adjustments, effective from May 6, 2025, will lower the conversion prices, increasing the number of shares issuable upon full conversion, thereby impacting the company’s share capital structure and potentially its market positioning.
Far East Horizon Limited announced the results of its Annual General Meeting held on April 14, 2025, where all proposed resolutions were passed. Key resolutions included the approval of the audited financial statements, declaration of a final dividend, re-election of directors, and granting of mandates for share buybacks and issuance. The AGM results reflect strong shareholder support for the company’s strategic decisions and governance, potentially reinforcing its market position and investor confidence.
Far East Horizon Limited reported a stable operational performance for the first quarter of 2025, with slight increases in operating income and profit attributable to shareholders. The company’s financial business saw a modest rise in revenue and interest-earning assets, while the inclusive finance segment experienced significant growth. Despite a decrease in revenue for Horizon Healthcare, the group maintained profitability and adhered to effective risk management strategies, ensuring ample liquidity and stable asset quality.
Far East Horizon Limited has announced a drawdown of US$500 million under its US$4 billion Medium Term Note and Perpetual Securities Programme. The notes, denominated in US dollars, are expected to be rated BBB- by S&P and will be used for working capital and general corporate purposes, with potential on-lending to subsidiaries in the PRC. The issuance is exempt from U.S. registration requirements and will be listed on the Hong Kong Stock Exchange for professional investors.
Far East Horizon Limited has announced its annual general meeting (AGM) scheduled for April 14, 2025, in Hong Kong. The meeting will cover several key agenda items, including the approval of financial statements, the declaration of a final dividend, the re-election of directors, and the re-appointment of auditors. Additionally, the company seeks shareholder approval for general mandates to buy back shares and to issue new shares, which could impact its capital structure and market operations.
Far East Horizon Limited has announced a drawdown under its Medium Term Note and Perpetual Securities Programme, issuing notes worth CNY1.2 billion, denominated in Renminbi with a coupon rate of 4.25%. The proceeds are intended for working capital and general corporate purposes, with a potential on-lending option to its subsidiaries in the PRC, highlighting strategic financial maneuvers to enhance liquidity and operational flexibility.