NWS Holdings Unveils Strong Interim Results with Special Dividend; Co-CEO Brian Cheng Makes Debut Appearance
02-28 17:54uSMART


Key Highlights:


NWS Holdings (00659.HK) announced robust interim results for 2023, with a one-off special dividend of $1.79 per share. Turnover increased by 6.7% to $13.978 billion, while net profit rose 18.3% to $1.009 billion, with earnings per share at $28 cents. Additionally, the stock surged by over 20%.



Divident History


Announce Date





D:HKD 0.31



D:HKD 0.3000



D:HKD 0.3100



D:HKD 0.3000



The company announced a total dividend of $2.09, comprising an interim ordinary dividend of $0.30 and a one-off special dividend of $1.79. This compares to the interim ordinary dividend of $0.30 declared in the corresponding period of 2022.


Co-CEO Brian Cheng explained that the special dividend aims to boost liquidity given the company's 22.2% public shareholding post reorganization. Co-CEO Gilbert Ho expects this to surpass 25%, complying with regulations, ruling out plans for share placing.


Post-reorganization under CTFE, NWS anticipates enhanced growth prospects, especially with potential synergies between its logistics business and CHOW TAI FOOK's retailing business (01929.HK).



Who is Brian Cheng?


Mr. Cheng Chi-Ming, Brian

Executive Director and Co-Chief Executive Officer


Mr. Cheng is an executive director and co-chief executive officer of NWS Holdings Limited, the chairman and a non-executive director of Integrated Waste Solutions Group Holdings Limited and a non-executive director of Haitong International Securities Group Limited, all being listed public companies in Hong Kong.

He is also the chairman of the board of directors of uSMART Group.


Mr. Cheng is the son of Dr. Cheng Kar-Shun, Henry, the brother of Dr. Cheng Chi-Kong, Adrian and Ms. Cheng Chi-Man, Sonia, the nephew of Mr. Doo Wai-Hoi, William and Mr. Cheng Kar-Shing, Peter, and the cousin of Mr. Cheng Chi-Heng.



About uSMART Group:


uSMART Group is a leading technological company with a strong financial foundation, dedicated to offering exceptional one-stop financial services to traders and investors worldwide. Our mission is to cater to the diverse needs of investors and facilitate their investment journey with smart, professional, and innovative solutions.


As a comprehensive financial services provider, uSMART Group offers a wide range of services including brokerage, capital management, wealth management, and FinTech services. Our flagship platform, the uSMART App, serves as an all-in one investment platform, providing access to an extensive array of investment products such as US stocks, Hong Kong stocks, Singapore stocks, US options, Fractional shares, Futures, Forex, and more.



uSMART Group holds Type 1 (Dealing in securities), Type 4 (Advising on securities), and Type 9 (Asset management) licenses issued by Hong Kong's Securities and Futures Commission (SFC).


uSMART Group is regulated by the Monetary Authority of Singapore (MAS) and holds a Capital Markets Services (CMS) License under the Securities and Futures Act 2001.



Core Team

Our team comprises members from world-renowned technological, financial, and consulting institutions, including Tencent, Alibaba, Yahoo!, Goldman Sachs, UBS, Public Bank, KPMG, PwC, and more.


Fund Trust and Safety

Securities services are protected by the Investor Compensation Company Limited (ICC), FINRA, and SIPC. Client funds and securities are kept in segregated custodian accounts to ensure they do not commingle with other accounts.


Strategic Investor: Chow Tai Fook Group

In July 2021, uSMART Group received a strategic investment from Chow Tai Fook Enterprises, owned by the Cheng Yu-Tung family.


Future Outlook:


In light of global expansion, NWS Holdings has demonstrated strong business acumen and effective management led by its capable team. Following the successful conclusion of the announcement, there is widespread anticipation within the industry regarding the future path of the NWS Holdings under the leadership of Brian Cheng.


In Conclusion:


The outstanding performance of NWS Holdings and the significant debut of Brian Cheng as Co-CEO have generated confidence and excitement within the investor community. Looking ahead, we anticipate the ongoing global expansion and notable accomplishments of the NWS Holdings under Brian Cheng's adept leadership.


Important Notice and Disclaimer:

This document is prepared by uSMART. This document is not intended for or directed at persons under local laws or regulations that prohibit the distribution or publication of this document. This document is provided to the recipient only, and the information, materials, or analytical tools contained herein are provided to the recipient for informational and reference purposes only. This document should not be construed in any jurisdiction as constituting an offer, solicitation, recommendation, inducement, endorsement, opinion, or guarantee to purchase, sell, or trade any securities, financial products, or instruments or to engage in any investment or any transaction of any kind, nor is there any intention to solicit or invite the purchase or sale of any securities.

Investment involves risks. Before making investment decisions, the recipient should carefully read relevant offering documents to obtain further information, including risk factors. Past performance data does not imply similar future performance. Investments in the asset categories mentioned in this document may not be suitable for all recipients. This document does not consider the individual objectives, financial situation, or needs of any specific person who may access this document. Before engaging in any transactions, the recipient should take reasonable actions based on personal objectives and circumstances to ensure a clear understanding of the transaction and independently evaluate the suitability of the transaction, including assessing the potential risks and returns of the transaction, and if necessary, seek independent professional advice. The information and opinions contained in this document reflect the judgment of uSMART as of its publication date, and no further notice will be given in the event of changes. Neither we or our respective directors, officers or employees will be responsible for any losses or damages which any person may suffer or incur as a result of relying upon anything stated or omitted from this article.

The value of these securities and the income from them may fall or rise. Your investment is subject to investment risk, including loss of income and capital invested. Past performance figures as well as any projection or forecast used in this article is not indicative of its future performance.

This advertisement has not been reviewed by the Monetary Authority of Singapore.