Click Holdings Ltd. (CLIK)

Price$1.36Cached quoteAs of 2026-09-06 10:37 UTC

AI: Fair-priced

Price checkThe shares now change hands below one year of sales after losing most of their value over the past year.

The whole company is valued near eleven million dollars against trailing revenue of about thirteen and a half million, so buyers pay less than one dollar for each dollar of yearly sales. The price is also roughly level with book value — assets minus liabilities — though most of that book is goodwill from recent acquisitions, not hard assets. Having slid more than ninety percent from its twelve-month high, the quote already assumes management's aggressive growth targets fail; offsetting that, weak margins, thin cash, and pending share sales argue caution. The evidence balances out to fair-priced.

Big pictureAging Hong Kong is boosting paid senior care, and Click chases that demand while buying smaller rivals to grow fast.

Revenue nearly doubled over two reported years, reaching HK$83.5 million in the fiscal year ended mid-2025, and momentum continued: the first half of the current fiscal year rose fifty-seven percent to HK$59 million, and the latest quarter climbed seventy-three percent to HK$38 million. Demand comes mainly from Hong Kong's aging population, where government care vouchers pay for home visits, making this revenue steadier than ordinary temp staffing. Management targets roughly sixfold revenue growth within three years, partly by buying rivals; the bull case rides that plan, while skeptics note most expansion has been purchased with newly issued shares.

Business strengthProfits are thin and cash generation weak, so the fast-growing revenue does not yet translate into durable earnings.

Gross margin, the share of revenue left after direct service costs, halved from about thirty percent to fifteen percent as lower-margin logistics and nursing work grew. The last full fiscal year produced an HK$8.5 million operating loss and negative operating cash flow — money burned running the business before investment — including HK$11.1 million of stock-based pay. Cash on hand is only about HK$10.6 million, though debts are minimal. Roughly seventy percent of shareholder equity is goodwill from acquisitions, which would need writing down if those units disappoint. Management says the past two reporting periods turned profitable; sustaining that is unproven.

What could change the storyWatch whether profits keep growing, whether the logistics unit becomes a separate company, and whether share sales weigh on price.

Consecutive profitable quarters would confirm the turnaround, and the planned spin-off — separately listing the logistics unit — could surface hidden value, as could a promised US$2.5 million profit guarantee from a small overseas stake. The chief executive also spent about US$97,000 of his own money on shares recently. On the risk side, holders of up to 4.5 million shares have registered to sell, more than half the current share count, and shareholders approved another possible share consolidation — combining shares into fewer — which typically signals penny-stock struggles. If acquired businesses falter, goodwill write-downs would cut reported value.

AI: News

First-Half Profit TurnaroundClick reported fifty-seven percent revenue growth and returned to profit in the latest half-year, easing worries about cash burn.

Roughly three months ago the company reported first-half revenue of HK$59 million, up fifty-seven percent, with its seniors nursing business growing more than one hundred ten percent, and said it swung from losses to profit. A follow-up update about a month later showed third-quarter revenue of HK$38 million, up seventy-three percent. The mechanism matters: profitable operations reduce the need to raise cash by issuing shares, which has diluted owners before. Whether the stock's muted reaction reflected doubt about profit quality or broader small-stock weakness remains uncertain.

Logistics Spin-Off PlanManagement proposed separating its fast-growing logistics unit into a standalone company, arguing the move will unlock hidden value.

About four weeks ago the company publicized plans for a strategic spin-off of its logistics division, citing roughly eighty percent average yearly growth there alongside expansion of its Care U senior-care brand. A spin-off can create value by letting investors price each business separately, and logistics is a big but low-margin part of revenue today. However, the announcement arrived by promotional press release with no confirmed timetable or filing details, and this management has a history of bold targets, so treat the benefits as aspirational until formal documents appear.

Shareholder Resale RegistrationThe company registered millions of existing shares for early investors to sell, creating supply that could pressure the depressed price.

About five weeks ago, a prospectus registered up to 4.5 million Class A shares on behalf of selling stockholders, who keep all proceeds; the company sells nothing. Those shares equal more than half of the roughly 8.6 million shares outstanding, so even partial selling adds real supply to a thin float. Such filings usually let acquisition counterparties cash out, and the possibility alone can weigh on a thinly traded stock. How quickly holders sell is unknown, so the effect is an overhang risk rather than a measured decline.

CEO Buys SharesThe chief executive spent roughly ninety-seven thousand dollars buying stock in the open market, signaling personal confidence.

About two months ago, Chief Executive Jeffrey Chan bought 52,000 shares for roughly US$96,800 across three consecutive trading days, right after the strong third-quarter announcement. Insider purchases matter because executives see internal trends outsiders cannot, and buying at prices well above today's levels suggests he considered the stock cheap even then. Still, the sum is modest next to the company's funding needs, and one buyer cannot offset potential selling by other large holders, so treat it as a supporting confidence signal, not decisive proof of value.

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Revenue

2024

2025

Net income

2024

2025

Free cash flow

2025

Total cash / debt

CashTotal debt

2025

Financial statements

	2025	2024	2023	2022
Revenue	$10.7M	$8.0M	—	—
Gross profit	$1.6M	$1.9M	—	—
Gross margin	15.31%	23.64%	—	—
Operating expenses	$2.7M	$935,592	—	—
Operating income	−$1.1M	$954,046	—	—
Operating margin	−10.20%	11.93%	—	—
EBITDA	−$1.0M	$1.1M	—	—
EBITDA margin	−9.65%	13.63%	—	—
Net income	−$1.0M	$935,799	—	—
Net profit margin	−9.50%	11.71%	—	—
Basic EPSper basic share	-$1.61	—	$12.63	$2.88
Diluted EPSper diluted share	-$1.61	—	$12.63	$2.88

Review official source filings ↗

Owners

Reported shareholders

Ownership data is not available for this listing yet.

Insider buys & sells

Jul 1, 2024–Jun 30, 2026

Buys14$182.3K disclosed value

Sells (SEC code S)0$0.00 disclosed value

Transaction	Insider	Type	Shares	Price	Value	Owned after
Jun 22, 2026Form 4	Chan Chun SingChief Executive Officer	BuyClass A Ordinary Shares	10.0K	$1.42	$14.2K	4.61M
Jun 18, 2026Form 4	Chan Chun SingChief Executive Officer	BuyClass A Ordinary Shares	5.0K	$1.42	$7.1K	4.60M
Jun 18, 2026Form 4	Chan Chun SingChief Executive Officer	BuyClass A Ordinary Shares	5.0K	$1.43	$7.2K	4.59M
Jun 11, 2026Form 4	Chan Chun SingChief Executive Officer	BuyClass A Ordinary Shares	10.0K	$1.60	$16.0K	4.59M
Jun 10, 2026Form 4	Chan Chun SingChief Executive Officer	BuyClass A Ordinary Shares	10.0K	$1.65	$16.5K	4.58M