Plover Bay Wins Prestigious Hong Kong Economic Journal Award
Plover Bay recognised for performance amongst newly listed companies in 2016 in Listed Company Award of Excellence
(IMMEDIATE RELEASE: 30th November, 2016 – Plover Bay Technologies Limited (“Plover Bay Technologies” or the “Group”; stock code: 1523), a world-leading Internet connectivity technology company has been awarded the Hong Kong Economic Journal (HKEJ)’s Listed Company Award of Excellence 2016.
Plover Bay Technologies has won “The Rising Star” category of this prestigious award. The award recognises the exceptional performance of Plover Bay as a newly listed company in 2016 based on an assessment carried out by HKEJ’s EJFQ stocks analysis system.
“It is an honour to be here to accept this award and I do this also for the team behind it all. This is proof and recognition of our attitude toward attention to detail and insistence in quality. This is the best encouragement our team can receive and is an important milestone for the company. But this is just the beginning. We will continue to innovate and there will be many many great things to come. Thank you!” said Keith Chau, CEO of Plover Bay Technologies.
About HKEJ’s Award For the purpose of this award, the EJFQ system sorted candidates according to 4 criteria: Piotroski F-score, relative performance to Hang Seng Index, stocks analysts’ recommendation and annual revenue growth. Then results were further reviewed and assessed by HKEJ’s evaluation committee of professionals including industry investment analysts, fund managers, and stock analysts. Data used during the assessment is verified and audited by Deloitte.
About Plover Bay Technologies Limited August 2016, Plover Bay announced its Interim Results as follows: net profits increased 102.2%, gross profit margin increased to 65.8% and dividend payout ratio at 80%. Plover Bay Technologies (stock code: 1523) is a world leading Internet connectivity technology company and the world’s 5th largest SD-WAN (Software-Defined WAN) technology vendor (in terms of revenue value in 2015). Primarily engaged in developing and commercialising SD-WAN solutions under its own brands – “Peplink” and “Pepwave”, the Group also grants software licence subscriptions and provides warranty as well as support services in connection with its SD-WAN solutions. The Group sells its own branded products to an extensive network of more than 400 distributors in approximately 70 countries. For more details, please visit: www.ploverbay.com