Upcoming Dividend • Apr 21
Upcoming dividend of S$0.05 per share Eligible shareholders must have bought the stock before 28 April 2026. Payment date: 12 May 2026. Payout ratio is a comfortable 2.8% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Singaporean dividend payers (4.9%). Lower than average of industry peers (3.1%). Announcement • Apr 02
Sing Holdings Limited, Annual General Meeting, Apr 23, 2026 Sing Holdings Limited, Annual General Meeting, Apr 23, 2026, at 15:00 Singapore Standard Time. Location: 450 lorong 6 toa payoh, era apac centre, level 3 media hub, singapore 319394, Singapore Declared Dividend • Mar 29
Dividend of S$0.05 announced Shareholders will receive a dividend of S$0.05. Ex-date: 28th April 2026 Payment date: 12th May 2026 Dividend yield will be 7.5%, which is higher than the industry average of 4.2%. Sustainability & Growth Dividend is covered by earnings (3% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Earnings per share has grown by 54% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 25
Full year 2025 earnings released: EPS: S$0.35 (vs S$0.024 in FY 2024) Full year 2025 results: EPS: S$0.35 (up from S$0.024 in FY 2024). Revenue: S$878.4m (up S$863.5m from FY 2024). Net income: S$142.3m (up S$132.5m from FY 2024). Profit margin: 16% (down from 65% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. New Risk • Feb 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 21% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (64% net profit margin). Upcoming Dividend • Apr 23
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 30 April 2025. Payment date: 15 May 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Singaporean dividend payers (6.1%). Lower than average of industry peers (4.2%). Reported Earnings • Apr 09
Full year 2024 earnings released: EPS: S$0.024 (vs S$0.02 in FY 2023) Full year 2024 results: EPS: S$0.024 (up from S$0.02 in FY 2023). Revenue: S$15.0m (up 157% from FY 2023). Net income: S$9.78m (up 23% from FY 2023). Profit margin: 65% (down from 137% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. New Risk • Apr 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: S$132.3m (US$98.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings have declined by 36% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (65% net profit margin). Market cap is less than US$100m (S$132.3m market cap, or US$98.2m). Declared Dividend • Apr 05
Dividend of S$0.01 announced Dividend of S$0.01 is the same as last year. Ex-date: 30th April 2025 Payment date: 15th May 2025 Dividend yield will be 2.9%, which is lower than the industry average of 4.2%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 54% to shift the payout ratio to a potentially unsustainable range, which is more than the 26% EPS decline seen over the last 5 years. Announcement • Apr 03
Sing Holdings Limited, Annual General Meeting, Apr 25, 2025 Sing Holdings Limited, Annual General Meeting, Apr 25, 2025, at 15:00 Singapore Standard Time. Location: 450 lorong 6 toa payoh, era apac centre, level 3 media hub, singapore 319394, Singapore Reported Earnings • Feb 19
Full year 2024 earnings released: EPS: S$0.024 (vs S$0.02 in FY 2023) Full year 2024 results: EPS: S$0.024 (up from S$0.02 in FY 2023). Revenue: S$15.0m (up 157% from FY 2023). Net income: S$9.78m (up 23% from FY 2023). Profit margin: 65% (down from 137% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. New Risk • Feb 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 37% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Paying a dividend despite having no free cash flows. Market cap is less than US$100m (S$132.3m market cap, or US$98.5m). New Risk • Oct 21
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: S$130.3m (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 37% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (S$130.3m market cap, or US$99.3m). Reported Earnings • Aug 06
First half 2024 earnings released: EPS: S$0.006 (vs S$0.006 in 1H 2023) First half 2024 results: EPS: S$0.006 (in line with 1H 2023). Net income: S$2.26m (down 9.8% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Foh Ching Chung was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 25
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 02 May 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Singaporean dividend payers (6.3%). Lower than average of industry peers (4.4%). Declared Dividend • Apr 06
Dividend of S$0.01 announced Dividend of S$0.01 is the same as last year. Ex-date: 2nd May 2024 Payment date: 15th May 2024 Dividend yield will be 3.1%, which is lower than the industry average of 4.2%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 44% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.5% EPS decline seen over the last 5 years. Announcement • Apr 05
Sing Holdings Limited, Annual General Meeting, Apr 26, 2024 Sing Holdings Limited, Annual General Meeting, Apr 26, 2024, at 15:00 Singapore Standard Time. Location: 160 Robinson Road #06-01 SBF Center Singapore 068914 Singapore Singapore Agenda: To receive and, if approved, to adopt the Directors' statement and audited financial statements for the year ended 31 December 2023 together with the auditor's report thereon; to approve the payment of $438,000 as Directors' fees for the year ended 31 December 2023; to declare a first and final one-tier tax exempt dividend of 1.00 cent per ordinary share for the year ended 31 December 2023; to re-elect Mr. Lee Sze Leong as Director, who retires pursuant to Regulation 104 of the Constitution of the Company; to re-appoint Messrs Ernst & Young LLP as auditor of the Company for the next financial year and to authorize the Directors to fix the auditor's remuneration; and to transact any other business of an Annual General Meeting. Announcement • Apr 04
Sing Holdings Limited Proposes Final Cash Dividend for the Year Ended 31 December 2023, Payable on 15 May 2024 The board of directors of Sing Holdings Limited proposed one-tier tax exempt final dividend of 1.00 cents per ordinary share for the year ended 31 December 2023. Payable on 15 May 2024 and ex date is 2 May 2024. The share transfer books and the register of members of the company will be closed at 5.00 p.m. on 3 May 2024. Reported Earnings • Feb 24
Full year 2023 earnings released: EPS: S$0.02 (vs S$0.027 in FY 2022) Full year 2023 results: EPS: S$0.02 (down from S$0.027 in FY 2022). Net income: S$7.97m (down 27% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. New Risk • Oct 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: S$136.3m (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks High level of debt (59% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (S$136.3m market cap, or US$99.3m). Reported Earnings • Aug 14
First half 2023 earnings released: EPS: S$0.006 (vs S$0.014 in 1H 2022) First half 2023 results: EPS: S$0.006 (down from S$0.014 in 1H 2022). Revenue: S$3.64m (down 93% from 1H 2022). Net income: S$2.50m (down 55% from 1H 2022). Profit margin: 69% (up from 11% in 1H 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. New Risk • Aug 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: S$134.3m (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks High level of debt (57% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (S$134.3m market cap, or US$99.5m). Upcoming Dividend • Apr 26
Upcoming dividend of S$0.01 per share at 2.8% yield Eligible shareholders must have bought the stock before 03 May 2023. Payment date: 16 May 2023. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Singaporean dividend payers (6.4%). Lower than average of industry peers (3.5%). Reported Earnings • Apr 06
Full year 2022 earnings released: EPS: S$0.027 (vs S$0.025 in FY 2021) Full year 2022 results: EPS: S$0.027 (up from S$0.025 in FY 2021). Revenue: S$62.0m (down 49% from FY 2021). Net income: S$10.8m (up 10% from FY 2021). Profit margin: 18% (up from 8.1% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Feb 23
Full year 2022 earnings released: EPS: S$0.027 (vs S$0.025 in FY 2021) Full year 2022 results: EPS: S$0.027 (up from S$0.025 in FY 2021). Revenue: S$62.0m (down 49% from FY 2021). Net income: S$10.8m (up 10% from FY 2021). Profit margin: 18% (up from 8.1% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 03
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down S$3.15m from profit in 1H 2021). Profit margin: (down from 5.7% in 1H 2021). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Apr 28
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 05 May 2022. Payment date: 18 May 2022. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Singaporean dividend payers (5.8%). Lower than average of industry peers (3.1%). Reported Earnings • Apr 07
Full year 2021 earnings released: EPS: S$0.025 (vs S$0.041 in FY 2020) Full year 2021 results: EPS: S$0.025 (down from S$0.041 in FY 2020). Revenue: S$121.7m (down 30% from FY 2020). Net income: S$9.83m (down 41% from FY 2020). Profit margin: 8.1% (down from 9.6% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 20
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: S$0.025 (down from S$0.041 in FY 2020). Revenue: S$121.7m (down 30% from FY 2020). Net income: S$9.83m (down 41% from FY 2020). Profit margin: 8.1% (down from 9.6% in FY 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Feb 18
Sing Holdings Limited Recommends Final One-Tier Tax Exempt Cash Dividend in Respect of the Financial Year 2021 The Board of Directors of Sing Holdings Limited recommended Final one-tier tax exempt cash dividend of 1.00 cent per ordinary share in respect of the financial year 2021 for approval by the Shareholders at the next Annual General Meeting. Reported Earnings • Aug 09
First half 2021 earnings released: EPS S$0.008 (vs S$0.019 in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: S$55.2m (down 50% from 1H 2020). Net income: S$3.15m (down 59% from 1H 2020). Profit margin: 5.7% (down from 7.0% in 1H 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Executive Departure • Apr 30
Independent Director has left the company On the 26th of April, Loke Min Ong's tenure as Independent Director ended after 10.0 years in the role. As of December 2020, Loke Min personally held 300.00k shares (S$110k worth at the time). Loke Min is the only executive to leave the company over the last 12 months. Reported Earnings • Apr 08
Full year 2020 earnings released: EPS S$0.041 (vs S$0.11 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: S$173.1m (down 45% from FY 2019). Net income: S$16.6m (down 64% from FY 2019). Profit margin: 9.6% (down from 14% in FY 2019). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 24
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: S$173.1m (down 45% from FY 2019). Net income: S$16.6m (down 64% from FY 2019). Profit margin: 9.6% (down from 14% in FY 2019). The decrease in margin was driven by lower revenue. Is New 90 Day High Low • Feb 03
New 90-day high: S$0.38 The company is up 4.0% from its price of S$0.36 on 05 November 2020. The Singaporean market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 14% over the same period. Is New 90 Day High Low • Nov 20
New 90-day low: S$0.36 The company is down 1.0% from its price of S$0.36 on 20 August 2020. The Singaporean market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 5.0% over the same period. Is New 90 Day High Low • Sep 25
New 90-day high: S$0.38 The company is up 9.0% from its price of S$0.35 on 26 June 2020. The Singaporean market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 6.0% over the same period. 
