1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. 𝕏 Posts
Discussion
1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. 𝕏 Posts
Discussion
1. Investment Snapshot
2. Metrics vs Peers
3. Valuation
Discussion
Research report, target price, DCF and forensic scores are for subscribers. View plans
Symbol
YHTE
Sector
Information Technology
Subsector
IT Services
Offer Range
—
Shares Offered
6.25M
—
Implied Upside vs Midpoint
Description
Primagrove is a holding company incorporated in Cayman Island, which has no material operations of its own, and it currently conducts its business through its operating subsidiary in Hong Kong, namely Oceanic Bounty Limited. Oceanic Bounty Limited is a technology-focused company headquartered in Hong Kong, specializing in the design, development and customized software development services, complemented by technology-enabled workspace solutions with embedded software. We provide digital and operational solutions that support business process improvement, operational efficiency, internal controls and data analysis. We work with our customers across different stages of their operations and system development. Our business is primarily project-based, with revenue generated from: (i) system development and maintenance services, (ii) website design and development services, and (iii) workspace solutions with embedded software. We develop customized applications that support core business functions, including data management, workflow automation, document processing and communication. Our system development engagements typically cover system design, development, deployment and maintenance. We also provide workspace solutions with embedded software, including smart office hardware such as smart lockers and silent booths, which complement our digital offerings and support workplace operations. We serve customers across a broad range of industries, including consulting, real estate, logistics, retail, financial services and other commercial sectors. Our customers include small and medium-sized enterprises and larger organizations. Our experience across industries enables us to design solutions that can be adapted to different operational requirements and integrated with existing systems. Our business model is a hybrid model that combines project-based revenue from system development and web and mobile application development services with product-based and service-based revenue from workspace solutions with embedded software. In addition, we generate fixed-term maintenance revenue from post-implementation maintenance arrangements, although such revenue currently represents a smaller proportion of our total revenue. We typically establish customer relationships through initial system development projects or product sales. These engagements may lead to follow-on services, including system enhancements, maintenance contracts and workspace solutions with embedded software. This approach enables us to generate upfront implementation revenue while also building longer-term customer relationships that support follow-on service engagements and maintenance arrangements. As a result, we are able to pursue new project opportunities while progressively increasing revenue visibility through fixed-term maintenance contracts and follow-on project opportunities. --- Our principal office is located at Workshop 12, Lofter Grand,3/F Lanton Industrial Building No.99 Wai Yip Street, Kwun Tong, Hong Kong, and our telephone number is +852-2333 5580. Our registered office in the Cayman Islands is located at 89 Nexus Way, Camana Bay, Grand Cayman, KY1-9009, Cayman Islands. Our agent for service of process in the United States is Cogency Global Inc., located at 122 East 42nd Street, 18th Floor, New York, NY 10168.
| Metric | Value | Peer median | Among peers | |
|---|---|---|---|---|
9 premium metrics: DCF value / price, Growth the price needs: how common, Last 12 months vs full year and 6 more Unlock | ||||