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Company Name: Takung Art Co., Ltd.
Stock Symbol: TKAT Company Website: www.TakungArt.com
Trading at approx $3.60 Per Share (03/29/2016)
Several reasons I like this company. TKAT has a very attractive valuation, fast revenue growth rate, high profit margins and a truly innovative business model. Overall the company appears to be in a great position after reviewing their financials and 2016 statistics which I will go over.
-For the first two months of 2016, Takung’s online trading platform generated U$493.43 million in transaction value versus $140.84 million in the like year-ago period.
-The company reported revenue of $11,335,941 for 2015, which represents a 140% increase on revenue of $4,719,862 in the prior year.
-The company reported net income of $5,436,109, for 2015, a 297% increase on net income of $1,369,537 for the prior year.
-Cash on hand as of December, 31 2015 was $10,769,456 and total assets stood at $29,749,213
Its reasonable to see this growth continue after seeing the impressive quarterly and annual trend for the past 3 periods. Aside from the positive trend, a key thing to consider is their growth rate with their high net profit margins and how they generate revenue.
Annual: 2015 / 2014 / 2013
Revenue $11,336,000 $4,720,000 $359,000
Net Income $5,436,000 $1,370,000 -$4,000
Quarterly: Q4 2015 / Q3 2015 / Q2 2015
Revenue $6,419,000 $2,706,000 $936,000
Net Income $3,721,000 $1,144,000 $77,000
TKAT is fairly new to the public markets, low market cap and many investors don’t know about the company yet but could get very interesting once the word is out. I’ve ran many google searches of multiple phrases which relate to their business model and I’m not able to find any companies especially publicly traded with similar business operations. I urge you to watch this Reuters Video(CLICK HERE) which gives a clear understanding of their unique and innovative business model, technology, how they make money and some words from the CFO. Also feel free to visit the company website to learn more or read the 10-K which goes into more detail. I’ll be sure to provide more updates as they come and additional research.
Based in Hong Kong, Takung Art Company Ltd. provides a secure and easy way for art collectors and investors to acquire shared ownership in Asian fine art – including paintings, calligraphies, jewelry and precious gems – and participate in the booming Asian art market without fear of price manipulation and forgery. This proprietary platform allows collectors and investors – including those with modest financial resources — to buy and sell units of these assets and participate in the booming Asian art market.
For providing this unique service, Takung Art Company earns multiple streams of revenue, including listing fees, trading commissions, management fees and authorized agent fees.
Takung operates its online trading platform via three wholly-owned subsidiaries, Hong Kong Takung Assets and Equity of Artworks Exchange Co. Ltd., Takung (Shanghai) Co., Ltd., and Takung Cultural Development (Tianjin) Co., Ltd.
As of February 29, 2016, Takung had 64 such listings trading on its proprietary platform with a combined value of approximately US$270.28 million . Currently, almost all of the traders on the platform are located in mainland China. The ability to trade these valuable assets on Takung’s proprietary online trading platform has attracted a significant number of fine art investors – including many ordinary people without substantial financial resources. This novel platform significantly expands the number of interactions between sellers and buyers of fine art far beyond those generated by art galleries and auction houses alone.
ABOUT TAKUNG ART CO., LTD: www.takungart.com
Reuters Video: (LINK)
Recent Media Coverage:
Widewalls: Innovative Takung Art Platform Claims Its 10-Year Solutions for Art Investors are Safe
Investopedia: Takung Threatens The Sotheby’s-Christie’s Duopoly (BID)
Reuters: Painting by numbers? China art trading house promises investors sound platform
Recent News And Corporate Developments:
Takung Updates Corporate Governance
Takung Appoints Zishen Li To Board Of Directors
Takung Reports $194 Million in Online Trading Transactions for February 2016, Up 243 Percent on $57 Million Recorded in February 2015
Takung Appoints New CFO, Board Member
Takung Reports $299 Million in Online Trading Transactions for January 2016, Up From $84 Million in January 2015
Takung’s Online Art Trading Platform Generates $2.33 Billion in Total Transaction Value In 2015
Takung Art Co.’s Online Trading Platform Generates Transactions Totaling More Than $300 Million in November
Takung Art Co. Ltd. Appoints Two Board Members
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