Quam Securities

Since its inception in 1986, Quam Securities Limited (Quam Securities) has grown to become one of the few mid-tier securities brokerages in Hong Kong with global execution capabilities for both private and institutional clients. It boasts a well-established network in Greater China including Taiwan and in major world markets through the Global Alliance Partners (GAP). Quam Securities is well-positioned not only to harness and drive business within the China Tonghai International Financial Limited but also between China and the world markets.

Research from Quam Securities

Research from Quam Securities, Quam Securities

Quam Securities Research

Equity Bottom-Up

Plover Bay Technologies / Equity Bottom-Up

<div><div><div><div><ul><li>Despite high inflation and unfavourable exchange rate movements, Plover Bay managed to post a decent set of 2022 results, with adj. net profit increasing by 14.7% y/y to USD24.3mn, which was 13% below our expectations.</li><li>Reported profit was up 6.9% y/y due to an FX loss of US$1.7mn.</li><li>Thanks to the wide adoption of its products across many industries, total revenue increased by 17.0% y/y. Sales to North America surged 20.7% y/y, while sales to Asia increased by 19.3% y/y. </li></ul></div></div></div></div>

Despite high inflation and unfavourable exchange rate movements, Plover Bay managed to post a decent set of 2022 results, with adj. net profit increasing by 14.7% y/y to USD24.3mn, which was 13% below our expectations.Reported profit was up 6.9% y/y due to an FX loss of US$1.7mn.Thanks to the wide adoption of its products across many industries, total revenue increased by 17.0% y/y. Sales to North America surged 20.7% y/y, while sales to Asia increased by 19.3% y/y. 

Plover Bay Technologies Limited - Slight Disappointment Did Not Mask Its Superiority