Added to YB: 2025-03-05
Pitch date: 2025-03-03
1523.HK [bullish]
Plover Bay Technologies Limited
+26.03%
current return
Author Info
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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 4.96
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 (1523.HK) – A milestone year with strong growth and expanding opportunities
1523.HK: Plover Bay FY24A rev +24% to $117M, profit +36% to $38M. Strong recurring revenue growth, 34% subscription rate. Starlink partnership, 400+ channel partners. New products: Starlink-compatible, switches, SpeedFusion. Unaffected by US tariffs. Forward P/E 15x, ~6% dividend yield. Potential US secondary listing.
Read full article (6 min)