Bright Smart Securities & Commodities Group Limited

Bright Smart Securities & Commodities Group Limited

HHKEX:1428
5.73
HKD
-0.34
(-5.61%)
19.82BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
0.36
0.36
0.4
0.33
0.56
0.49
0.51
0.76
0.63
0.52
0.54
0.57
0.59
- -
Basic EPS, GAAP
0.14
0.15
0.19
0.16
0.3
0.26
0.28
0.41
0.33
0.37
0.33
0.36
0.39
- -
Free Cash Flow per Basic Share
-0.92
-8.06
6.9
-1.5
-1.75
2.65
1.32
-4.57
3.94
1.21
0.83
-0.1
-0.32
- -
Dividend per Share
0.02
0.04
0.04
0.06
0.05
0.09
0.88
0.28
0.13
0.8
0.5
0.33
- -
- -
Book Value per Share
0.81
1.03
1.2
1.3
1.55
1.72
1.12
1.26
1.46
1.02
0.85
0.88
1.28
1.28
Tangible Book Value per Share
0.81
1.03
1.2
1.3
1.55
1.72
1.12
1.25
1.45
1.02
0.85
0.88
1.28
1.28
Basic Weighted Avg Shares
1,156
1,436
1,696
1,697
1,697
1,697
1,697
1,697
1,697
1,697
1,697
1,697
1,697
1,697
Sales/Revenue/Turnover
410
517
676
563
944
830
864
1,285
1,068
882
909
972
1,008
- -
Operating Margin (%)
40.57
45.92
52.24
43.5
58.94
52.03
51.79
61.85
56.17
55.74
59.14
51.79
57.5
- -
Depreciation Expense
15
14
13
11
19
19
90
80
78
74
66
59
54
- -
Net Income, GAAP
167
218
325
272
516
441
471
704
562
621
559
618
670
- -
Effective Tax Rate (%)
15.18
14.92
15.17
13.57
14.07
11.67
10.95
13.86
14.43
10.34
7.64
8.83
10.37
- -
Profit Margin (%)
40.63
42.26
48.15
48.34
54.65
53.1
54.51
54.77
52.57
70.38
61.49
63.52
66.47
- -
Working Capital
911
1,614
1,776
2,079
2,423
2,797
1,708
1,944
2,296
1,604
1,309
1,344
2,023
2,023
LT Debt
- -
- -
- -
- -
- -
- -
59
7
51
9
49
3
45
45
Total Equity
1,004
1,741
2,037
2,200
2,637
2,923
1,902
2,131
2,471
1,734
1,444
1,502
2,172
2,172
Return on Invested Capital (%)
6.56
2.86
3.83
5.4
7.26
6.56
10.55
9.8
6.23
10.36
13.86
14.43
12.38
- -
Return on Capital (%)
6.59
2.87
3.84
5.42
7.29
6.58
10.56
9.83
6.25
10.37
13.86
14.45
12.41
- -
Return on Common Equity (%)
18.93
15.91
17.23
12.83
21.34
15.86
19.52
34.91
24.4
29.51
35.16
41.93
36.49
- -

Capital Structure

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
4,420
5,614
4,883
LT Borrowings
- -
- -
- -
LT Finance Leases
3
6
45
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,697
1,697
1,697
Market Capitalization
4,685
15,496
19,824

Working Capital

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
7,529
10,061
9,386
Cash, Cash Equivalents & STI
478
641
516
Accounts Receivable, Net
7,012
9,383
8,854
Inventories
- -
- -
- -
Total Current Liabilities
6,185
8,342
7,363
Payables & Accruals
- -
- -
- -
ST Debt
4,420
5,614
4,883
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.38%
3.61%
44.63%
Free Cash Flow
-102.02%
-33.87%
229.65%
Net Income, GAAP
11.44%
-0.12%
8.52%
Sales/Revenue/Turnover
7.13%
-4.12%
3.7%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
909
2025
- -
- -
972
2026
- -
- -
1,008

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.33
2025
- -
- -
0.36
2026
- -
- -
0.39

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.5
2025
- -
- -
0.33
2026
- -
- -
- -

Company Description

CEO
Yik Bun Hui
Full Time Employees
188
Sector
Finance
Industry
Investment banks/Brokers
Address
Wing On House Hong Kong Hong Kong
IPO Date
Aug 25, 2010
Business
Bright Smart Securities & Commodities Group Limited Bright Smart Securities & Commodities Group Limited is an investment holding company that provides financial services in Hong Kong. The company operates through three main segments: Securities Broking, which offers broking services in securities traded on the Hong Kong Stock Exchange and selected overseas markets including US, UK, Australia, Japan, Shanghai-Hong Kong Stock Connect A shares, Shenzhen-Hong Kong Stock Connect A shares, and China B shares, along with margin financing, IPO subscription, stock futures and options trading, custodian and nominee services; Commodities and Futures Broking, which provides broking in commodities, futures contracts, index futures and options, and global futures traded in Hong Kong and overseas markets; and Bullion Trading, which includes trading services in precious metals and bullion contracts traded overseas, as well as leveraged foreign exchange trading. It also offers asset management services, administrative services, and produces and broadcasts finance programs via its Bright Smart Financial Channel. Founded in 1995 by Yip Mow Lum and headquartered at Wing On House in Central, Hong Kong, the company serves retail and institutional clients through online platforms like the Baobao and Doudou mobile apps, SHARP POINT and Meta Trader4 trading systems, a 24-hour global market support hotline, and multiple branches across Hong Kong, with approximately 195 employees and over 560,000 customer accounts managing close to HK$54 billion in assets. In April 2025, Ant Group, the fintech arm of Alibaba, agreed to acquire a 50.55% controlling stake from chairman Yip Mow Lum for approximately HK$2.81 billion at HK$3.28 per share, a transaction approved by Hong Kong's Securities and Futures Commission in September 2025 but pending approval from China's National Development and Reform Commission as of November 2025, with plans post-closing to invest in infrastructure upgrades, technology enhancements, and operational efficiency while maintaining the listing and core business operations.