Prosperous Future Holdings Ltd. Stock List: 1259.hk

Mission and Vision

 

Outlook

The Group will continue to strengthen, develop and diversify its business portfolio, and will further establish a sustainable investment portfolio. In light of the slowdown of the economy in the People’s Republic of China (the “PRC”), the intensified conflicts in international trade and volatility in the stock markets, the Group will continue to adopt a prudent approach for the development of its business, including personal care products, money lending, commodities trading, securities investment, properties holding and the provision of food and beverage services.

Looking ahead, the Group expects the prospects of the Group’s personal care business to be challenging amid the sluggish economy in the PRC and the shift of spending habit of the consumers to e-commerce. Further, the manufacturing industry in the PRC has generally been facing increasing labour cost and material cost. In order to cope with such challenges, the Group will strive to improve the responsiveness of its supply chain and enhance its product development capabilities.

The Group’s money lending business has gradually expanded over time. Pursuant to the Group’s prudent management approach, the Company does not intend to further expand its personal loans and mortgage loans portfolio in order to better manage the risks. Nevertheless, the Group is currently exploring potential opportunities to expand its money lending business through participation of financial leasing business in the PRC, which the Directors considered the risk involved to be lower.

Considering the volatility of the global economy and the lowered demand from customers, the Company anticipates that the operating environment for the Group’s commodities trading business will remain challenging. Hence, the Group will continue to adopt stringent cost control measures for this business segment.

The Group currently holds lands and properties located in Yuen Long, Hong Kong and an industrial property located at Cheung Sha Wan, Hong Kong. The Group is optimistic about the development of property market in Hong Kong due to shortage in supply of land and therefore, has been identifying the potential property investment and development opportunities in Hong Kong. It is the current intention of the Company that the properties erected on all the lands in Yuen Long, Hong Kong held by the Group shall be demolished and redeveloped. Relevant applications have been made to the Government of HKSAR in relation to the redevelopment of the said lands. To the best knowledge, information and belief of the directors of the Company, there is no legal impediment in obtaining the relevant approval from the Government of HKSAR.

Following completion of the acquisition of food and beverage services business, the Group had recorded steady growth in the financial performance of this business segment. The Directors consider that the prospect of the food and beverage services industry in Hong Kong to remain promising. Further, the Group’s provision of food and beverage services serves the local livelihood needs and is generally less reliant on the PRC market. The Group also has a strong customer network, which mainly comprises of reputable branded chain restaurants, hotel restaurants and supermarkets in Hong Kong.

The Group will make better use of internal resources to expand businesses of different scopes to make the Group’s business more diversified and to improve the profitability of the Group and the interests of the Shareholders more effectively. The Group will consider from time to time other investment opportunities. The Company will make an announcement according to the requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited as and when appropriate.

 

 

© 2020 Prosperous Future Holdings Limited. All Rights Reserved.

Please publish modules in offcanvas position.