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    732   KYG910191363

TRULY INTERNATIONAL HOLDINGS LIMITED

(732)
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Truly International : Positive Profit Alert

08/29/2019 | 06:46am EST

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

TRULY INTERNATIONAL HOLDINGS LIMITED

信 利 國 際 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 00732)

POSITIVE PROFIT ALERT

The Board wishes to inform Shareholders and potential investors that, based on the information currently available to the Company, it is expected that the consolidated profit attributable to owners of the Company for the 6 months ended 30 June 2019 would be significantly increased by approximately 25 times to approximately HK$140 million as compared to the consolidated profit attributable to owners of the Company for the 6 months ended 30 June 2018 (approximately HK$5.7 million).

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.

This announcement is made by Truly International Holdings Limited (the "Company" and, together with its subsidiaries, the "Group") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) of Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).

The board of directors of the Company (the "Board") wishes to inform shareholders of the Company (the "Shareholders") and potential investors that, based on the information currently available to the Company, it is expected that the consolidated profit attributable to owners of the Company for the 6 months ended 30 June 2019 (the "Period") would be significantly increased by approximately 25 times to approximately HK$140 million as compared to the consolidated profit attributable to owners of the Company for the 6 months ended 30 June 2018 (approximately HK$5.7 million).

The Board believes that the expected increase in the consolidated profit attributable to owners of the Company for the Period was primarily attributable to the following reasons:

  1. SIGNIFICANT DECREASE IN SHARE OF LOSS FROM ASSOCIATES - it has been significantly decreased by approximately HK$80 million for the Period compared to the same period of 2018; and
  2. DECREASE IN ADMINSTRATIVE EXPENSE - it has been decreased by approximately HK$70 million for the Period compared to the same period of 2018 as the consequence of the tight cost control.

The Company is in the process of finalising the consolidated financial results of the Group for the 6 months ended 30 June 2019. The information contained in this announcement represents only a preliminary assessment by the Company of the information currently available to the Company.

1

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.

By Order of the Board

Truly International Holdings Limited

Lam Wai Wah

Chairman

Hong Kong, 29 August 2019

As at the date of this announcement, the Board comprises Mr. Lam Wai Wah, Mr. Wong Pong Chun, James, Mr. Ma Wai Tong, Mr. Song Bei Bei, Mr. Dai Cheng Yun and Mr. Cheung Wing Cheung as executive directors and Mr. Chung Kam Kwong, Mr. Ip Cho Ting, Spencer and Mr. Heung Kai Sing as

independent non-executive directors.

2

Disclaimer

Truly International Holdings Ltd. published this content on 29 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 August 2019 10:45:03 UTC


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Financials
Sales 2021 23 106 M 2 968 M 2 968 M
Net income 2021 1 306 M 168 M 168 M
Net Debt 2021 - - -
P/E ratio 2021 8,12x
Yield 2021 3,60%
Capitalization 10 591 M 1 360 M 1 360 M
Capi. / Sales 2021 0,46x
Capi. / Sales 2022 0,40x
Nbr of Employees 18 300
Free-Float -
Chart TRULY INTERNATIONAL HOLDINGS LIMITED
Duration : Period :
Truly International Holdings Limited Technical Analysis Chart | 732 | KYG910191363 | MarketScreener
Technical analysis trends TRULY INTERNATIONAL HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Last Close Price 3,22 HKD
Average target price 4,19 HKD
Spread / Average Target 30,0%
EPS Revisions
Managers and Directors
Wai Wah Lam Chairman & Managing Director
Fan Yu Lau Chief Financial Officer & Secretary
Pong Chun Wong Chief Operating Officer & Executive Director
Kam Kwong Chung Independent Non-Executive Director
Kai Sing Heung Independent Non-Executive Director
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