CROSBY Research – TK Group (2283 HK/ NR): Solid top and bottom-line growth in FY24

19 Mar 2025

TK Group’s (TKG) FY24 revenue amounted to HK$2.4bn, representing a YoY increase of 21.2%, while NP also went up by 28.2% YoY to HK$261.9m.  A final DPS of HK$8.8cents and special DPS of HK$10.0cents was proposed. During the period under review, sales generated from mold fabrication business increased by 12.7% YoY to HK$698.2m, accounting for 29.6% of the total sales in FY24. Revenue from plastic components manufacturing business grew by 25.2% to HK$1.7bn, accounting for 70.4% of the total sales in FY24. GPM for mold fabrication stood at a stable level of 37.0% in FY24.