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MarketScreener Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Hong Kong Exchanges and Clearing Limited    0388   HK0388045442

HONG KONG EXCHANGES AND CLEARING LIMITED

(0388)
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Hong Kong Exchanges and Clearing : EXPECTED DECREASED LOSSES

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08/23/2019 | 11:53am EDT

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.

Kidsland International Holdings Limited

凱知樂國際控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2122)

EXPECTED DECREASED LOSSES

This announcement is made by Kidsland International Holdings Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The board of directors of the Company (the "Board") wishes to inform the shareholders of the Company (the "Shareholders") and potential investors that, based on a preliminary review of the Group's unaudited management accounts and information currently available to the Board, it is expected that the unaudited consolidated net loss for the six months ended 30 June 2019 will decrease by more than 90% from the net loss of approximately RMB49.3 million for the six months ended 30 June 2018. This significant improvement is mainly attributable to the Group's steady growth in revenue and gross profit margin and decrease in selling and distribution and general and administrative expenses for the six months ended 30 June 2019.

The Group is compiling its results for the six months ended 30 June 2019. The information contained in this announcement (except the figure for the unaudited net loss attributable to owners of the Company for the six months ended 30 June 2018) is only based on the Board's preliminary evaluation of the Group's management accounts, which have not been audited by the Company's auditors. These figures may be subject to further adjustments in the 2019 interim financial results.

Shareholders and investors are advised to read carefully the Company's interim results announcement for the six months ended 30 June 2019 to be published by the end of August 2019.

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

By Order of the Board

KIDSLAND INTERNATIONAL HOLDINGS LIMITED

LEE Ching Yiu

Chairman, Chief Executive Officer,

Executive Director

Hong Kong, 23 August 2019

As at the date of this announcement, the executive directors of the Company are Mr. Lee Ching Yiu, Mr. Hung Shing Ming, and Ms. Zhong Mei; the non-executive directors of the Company are Mr. Du Ping and Ms. Duan Lanchun; and the independent non-executive directors of the Company are Mr. Cheng Yuk Wo, Mr. Huang Lester Garson, and Dr. Lam Lee G.

- 2 -

Disclaimer

HKEx - Hong Kong Exchanges and Clearing Ltd. published this content on 23 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 August 2019 15:52:03 UTC

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Financials (HKD)
Sales 2019 16 340 M
EBIT 2019 11 538 M
Net income 2019 9 535 M
Finance 2019 51 058 M
Yield 2019 2,96%
P/E ratio 2019 30,4x
P/E ratio 2020 26,9x
EV / Sales2019 14,6x
EV / Sales2020 9,55x
Capitalization 289 B
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 267,16  HKD
Last Close Price 230,20  HKD
Spread / Highest target 37,3%
Spread / Average Target 16,1%
Spread / Lowest Target -8,77%
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Managers
NameTitle
Charles Xiaojia Li CEO & Ex-Officio Executive Director
May Lung Cha Chairman
Chi Kin Tai Joint Chief Operating Officer & Head-Clearing
Kwok Keung Lee Joint Chief Operating Officer
John F. Killian Chief Financial Officer
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