Added to YB: 2026-05-26
Pitch date: 2026-05-24
1523.HK [neutral]
Plover Bay Technologies Limited
Author Info
Farrer 36 is an asset manager based out of Singapore that focuses on long-only equity strategies. Sign up for the newsletter.
Company Info
Plover Bay Technologies Limited, an investment holding company, designs, develops, and markets software defined wide area network routers and related products.
Market Cap
HKD 1.2B
Pitch Price
N/A
Price Target
N/A
Dividend
4.03%
EV/EBITDA
20.98
P/E
26.61
EV/Sales
8.88
Sector
Communications Equipment
Category
value
(Non) Semi-Baked Ideas - Plover Bay Technologies Limited
1523.HK (quick overview): Peplink SD-WAN routers for always-on connectivity in logistics, mining, maritime. FY25 rev $130M (+11%), net profit $45M (+20%), 78.9% ROE, 57% margin, zero debt, $56M cash. Recurring rev 29% of sales (+17%). Starlink partnership drives growth. NASDAQ spinoff could unlock valuation vs peers. Risk: US tariff disruption (1.5mo halt in 2025).
Read full article (1 min)