NCEW · NASDAQ · Integrated Freight & Logistics

New Century Logistics

Air-freight-forwarding coordinator connecting shippers with carrier capacity and logistics handling.

$17.20
After-hours close−0.85 (−4.71%)
At close$18.05(−1.84%)
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New Century Logistics (BVI) LimitedNCEWIndustrials

Sells air- and ocean-freight forwarding, primarily by buying cargo capacity and bundling coordination, documentation and logistics handling for shippers and other forwarders. Air freight supplies most revenue, while public shareholders own a BVI holding company above the Hong Kong operating subsidiaries.

Procures air-cargo capacity from airlines, their sales agents and other logistics providers, then resells it with shipment coordination to direct shippers and freight forwarders. Air freight is the core business, alongside ocean forwarding and ancillary warehousing, distribution, security screening, palletization and project-cargo services.

Coordinates pickup, tracking, documentation, customs-clearance arrangements and port handling, while connecting customers to airline, ocean-carrier and third-party logistics capacity instead of operating ships or aircraft. Routes extend to more than 140 countries, though operations and long-lived assets are concentrated in Hong Kong.

Relies on airlines, other suppliers and service providers for capacity and execution. Block-space and charter arrangements can require payment for unused capacity, and shareholders hold the BVI parent rather than direct equity in the Hong Kong operating subsidiaries.

Company facts

CEOChing Shun Ngan
ListedDec 18, 2024
ExchangeNASDAQ
HeadquartersKowloon, Hong Kong
CountryHong Kong
Employees39
CIK0001968043
ISINVGG646271137

Key statistics

Market cap$58.2M
EPS (ttm)−$0.7070
P/E (ttm)−25.73
ROE-49.3%
P/B11.72
P/S1.85
Dividend yield
Beta−0.32vs XLI 0.16

Year to date +188% · Average volume (30d) 4.9K

Analysts

No analyst consensus on record.

Earnings

EPS

Estimate
Reported$0.09

Revenue

Estimate
Reported$52.2M

History

Fiscal yearEPS estEPSSurpriseRevenue estRevenueSurprise
2024$0.09$52.2M
View details

Financial highlights

9 quartersQ4 FY24Q1 FY25Q2 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$13.4M$10.7M$10.7M$2.9M$14.3M$3.7M
Gross profit$887.4K$391.6K$391.6K−$80.6K$382.6K$98.2K
Operating income−$97.1K−$915.4K−$915.4K−$1.2M−$263.6K−$67.6K
Net income−$153.3K−$933.1K−$933.1K−$1.1M−$160.6K−$41.2K
Diluted EPS−$0.06−$0.04−$0.04−$0.35−$0.05−$0.01
Gross margin6.6%3.7%3.7%-2.8%2.7%2.7%
Operating margin-0.7%-8.6%-8.6%-39.8%-1.8%-1.8%

Fiscal years (4-quarter sums)FY24 $52.2M

Revenue by product · FY25

Other Services$1.6M · 100%

Balance sheet, Mar 31, 2026Cash & short-term investments $703.3K · Total debt $3.5M · Total assets $12.1M · Shareholders' equity $5.0M

Dividends

No dividends on record.

Ownership

Institutions 0.01%308 sharesInsiders 32.81%1.05M sharesOther 67.18%2.15M shares

Shares outstanding 3.20M · Float 643.8K · 20.1% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Ching Shun Ngan · director, 10 percent owner, officer: Chairman and CEO1.05M32.81%Form 4Mar 31, 2026
Sin Yuk Hung · 10 percent owner431.3K13.48%Form 4Mar 31, 2026
Zhang Bin · 10 percent owner412.5K12.89%Form 4Mar 31, 2026
UBS Group AG3080.01%13FMay 5, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

Peers

Not reported.