Takung Art (TKAT)

Business description

Based in Hong Kong, Takung Art Company provides a secure and easy way for art collectors and investors to acquire shared ownership in Asian and other fine art - including paintings, calligraphy, jewellery and precious gems - and participate in the booming international art market without fear of price manipulation and forgery.

Investment summary

Takung Art’s online art trading platform has already established its proof of concept. The business model has been honed over recent months, with consequent impact on the financial results for FY17. However, the fundamentals are very attractive, based on the rapidly growing Chinese middle class with its strong appetite for art, collecting and shared ownership. Introducing other collectibles, such as sporting memorabilia, and adding C2C trading is also set to drive top-line growth. Takung has built a scalable platform that should support this broader and more international vision. The share price does not yet reflect this potential.

Last updated on 11/04/2018

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2016A 19.1 9.8 9.5 66.00 3.2 N/A
2017A 12.9 (0.3) (1.1) (14.72) N/A N/A
2018E 15.8 1.7 1.2 7.71 27.1 N/A
2019E 19.4 4.8 4.4 29.36 7.1 N/A

Last updated on 11/04/2018

Latest research

A piece of the art action

Initiation | Media | 11/04/2018

Latest video

Executive interview - Takung Art

Key management

Leslie Chow, CFO

Company address

Flat-RM 03-05 20-F, Hutchison House
10 Harcourt Road, Central
Hong Kong
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