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amco united holding ltd (630) Snapshot

Open
$0.10
Previous Close
$0.10
Day High
$0.10
Day Low
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52 Week High
06/19/14 - $0.44
52 Week Low
01/20/15 - $0.08
Market Cap
148.6M
Average Volume 10 Days
5.3M
EPS TTM
$-0.09
Shares Outstanding
1.5B
EX-Date
08/30/04
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for AMCO UNITED HOLDING LTD (630)

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amco united holding ltd (630) Details

AMCO United Holding Limited, an investment holding company, manufactures and sells plastic molding products and medical device products in Hong Kong. The company also provides consultancy services. It operates in North and South America, Europe, the People’s Republic of China, and other regions in Asia Pacific. The company was formerly known as Guojin Resources Holdings Limited and changed its name to AMCO United Holding Limited in February 2012. The company was incorporated in 1994 and is based in Kowloon, Hong Kong.

129 Employees
Last Reported Date: 09/24/14
Founded in 1994

amco united holding ltd (630) Top Compensated Officers

Chairman, Managing Director and Chairman of N...
Total Annual Compensation: $5.8M
Executive Director and Member of Remuneration...
Total Annual Compensation: $2.8M
Compensation as of Fiscal Year 2013.

amco united holding ltd (630) Key Developments

AMCO United Holding Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended December 31, 2014

AMCO United Holding Limited provided unaudited consolidated earnings guidance for the year ended December 31, 2014. For the period, the company expects to continue to record a loss for the year ended 31 December 2014 but the net loss for the year ended 31 December 2014 may decrease by more than approximately 40% as compared with the net loss for the year ended 31 December 2013. The Board believes that such loss and the expected decrease in the net loss for the year ended 31 December 2014 are primarily attributable to the declines in turnover and gross profit margin of Plastics Moulding Business due to fierce competition in the overall manufacture of plastics molding industry and rise in labor and production overhead cost. The upfront cost of relocation of production lines incurred of approximately HKD 3.7 million, which will be included in cost of sales and administrative expenses, whereas there was no such cost in the corresponding year of 2013. The absence of a one-off gain on deregistration of certain subsidiaries of approximately HKD 4.4 million as recorded in the corresponding year of 2013. The decrease in administrative expenses primarily due to decrease in staff cost and other general administrative costs, which was partially offset by the increase in termination benefits paid for the termination of employment due to the relocation of production lines in Plastics Molding Business. The increase in the recognition of loss in fair value upon the conversion of convertible notes through profit or loss of approximately HKD 4 million as compared to the recognition of loss in fair value of outstanding convertible notes of approximately HKD 1.6 million in the corresponding year of 2013. The absence of the impairment loss on property, plant and equipment in Plastics Moulding Business of approximately HKD 5.7 million as recognized in the corresponding year of 2013. The decrease of approximately HKD 30 million in the impairment loss on goodwill in Medical Devises Business as compared to that in the corresponding year of 2013.

AMCO United Holding Limited Appoints Cheng Kin Chor as Executive Director

The board of directors of AMCO United Holding Limited announced that with effect from 1 October 2014, Mr. Cheng Kin Chor will be appointed as an executive director. Mr. Cheng, joined the Group as a general manager in June 2014. He is also a director of certain subsidiaries of the company. Prior to joining the Group, Mr. Cheng worked as an account director in a private public relation company from October 2003 to May 2014, being responsible for overseeing the account servicing team.

AMCO United Holding Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

AMCO United Holding Limited reported unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported turnover of HKD 34,441,000 against HKD 49,549,000 a year ago. Loss before income tax expense was HKD 24,921,000 against HKD 13,957,000 a year ago. Loss for the period was HKD 24,921,000 against HKD 13,959,000 a year ago. Loss for the period attributable to the owners of the company was HKD 24,921,000 against HKD 13,959,000 a year ago. Loss per share basic was 2.56 cents against 1.59 cents a year ago. The increase in loss was mainly attributable to the effect of decrease in the overall sales and gross profit margin of the Group, impairment losses on goodwill of HKD 4 million, provisions for the relocation of production lines were made in cost of sales of HKD 0.9 million and administrative expenses of HKD 2.7 million in the current period and loss in fair value upon the conversion of convertible notes through profit or loss was HKD 4 million while the gain in fair value of the outstanding convertible notes was HKD 8.1 million in the same period of 2013.

 

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Price/Earnings NM Not Meaningful
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Price/Book 2.7x
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TEV/Sales 1.1x
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