Added to YB: 2024-03-04
Pitch date: 2024-03-01
1523.HK [bullish]
Plover Bay Technologies Limited
+174.76%
current return
Author Info
Pyramids and Pagodas covers companies across emerging markets (mainly Asia/Middle East). Sign up for their newsletter.
Company Info
Plover Bay Technologies Limited, an investment holding company, designs, develops, and markets software defined wide area network routers.
Market Cap
HKD 1.0B
Pitch Price
HKD 2.27
Price Target
N/A
Dividend
4.19%
EV/EBITDA
19.39
P/E
24.90
EV/Sales
7.85
Sector
Communications Equipment
Category
growth
Plover Bay Technologies' 2023 results show solid earnings trajectory
1523.HK: FY23 rev +8.4%, profit +24%, missed expectations but shows long-term value. Strong Starlink partnership, outsourced manufacturing, high margins despite headwinds. Targets 20%+ growth, 30.4% recurring rev. 97% dividend payout signals confidence in profitability & growth.
Read full article (3 min)