Reported Earnings • Apr 19
Full year 2025 earnings released: EPS: S$0 (vs S$0 in FY 2024) Full year 2025 results: EPS: S$0 (in line with FY 2024). Revenue: S$283.1m (down 3.4% from FY 2024). Net loss: S$9.30m (down 493% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Announcement • Apr 16
Oceanus Group Limited, Annual General Meeting, Apr 30, 2026 Oceanus Group Limited, Annual General Meeting, Apr 30, 2026, at 10:00 Singapore Standard Time. Location: alive atrium, 70 bendemeer road, luzerne, 04-03, singapore 339940, Singapore New Risk • Mar 09
New major risk - Revenue and earnings growth Earnings have declined by 30% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-S$23m free cash flow). Share price has been highly volatile over the past 3 months (40% average weekly change). Earnings have declined by 30% per year over the past 5 years. Minor Risk Market cap is less than US$100m (S$103.1m market cap, or US$80.6m). New Risk • Mar 07
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 Risks Interest payments are not well covered by earnings (1.0x net interest cover). Share price has been highly volatile over the past 3 months (40% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (S$103.1m market cap, or US$80.6m). Reported Earnings • Mar 03
Full year 2025 earnings released: EPS: S$0 (vs S$0 in FY 2024) Full year 2025 results: EPS: S$0 (in line with FY 2024). Revenue: S$279.6m (down 4.9% from FY 2024). Net loss: S$7.19m (down 394% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. New Risk • Mar 02
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 Risks Interest payments are not well covered by earnings (1.0x net interest cover). Share price has been highly volatile over the past 3 months (41% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (S$103.1m market cap, or US$81.1m). Buy Or Sell Opportunity • Feb 24
Now 32% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to S$0.003. The fair value is estimated to be S$0.0044, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Feb 04
Now 32% undervalued after recent price drop Over the last 90 days, the stock has fallen 40% to S$0.003. The fair value is estimated to be S$0.0044, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jan 09
Now 33% undervalued after recent price drop Over the last 90 days, the stock has fallen 50% to S$0.003. The fair value is estimated to be S$0.0045, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Dec 24
Now 33% undervalued after recent price drop Over the last 90 days, the stock has fallen 50% to S$0.003. The fair value is estimated to be S$0.0045, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Dec 01
Now 35% undervalued after recent price drop Over the last 90 days, the stock has fallen 40% to S$0.003. The fair value is estimated to be S$0.0046, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Oct 07
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 50% to S$0.006. The fair value is estimated to be S$0.0046, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Sep 19
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to S$0.006. The fair value is estimated to be S$0.0046, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Sep 04
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to S$0.006. The fair value is estimated to be S$0.0046, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Aug 20
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to S$0.006. The fair value is estimated to be S$0.0046, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Aug 19
First half 2025 earnings released: EPS: S$0 (vs S$0 in 1H 2024) First half 2025 results: EPS: S$0 (in line with 1H 2024). Revenue: S$119.6m (down 6.3% from 1H 2024). Net income: S$431.0k (up S$1.51m from 1H 2024). Profit margin: 0.4% (up from net loss in 1H 2024). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. New Risk • Apr 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 217% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). Share price has been highly volatile over the past 3 months (29% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (S$128.8m market cap, or US$98.0m). Reported Earnings • Apr 17
Full year 2024 earnings released: EPS: S$0 (vs S$0 in FY 2023) Full year 2024 results: EPS: S$0 (in line with FY 2023). Revenue: S$294.1m (down 15% from FY 2023). Net income: S$2.44m (up S$4.32m from FY 2023). Profit margin: 0.8% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Announcement • Apr 15
Oceanus Group Limited, Annual General Meeting, Apr 30, 2025 Oceanus Group Limited, Annual General Meeting, Apr 30, 2025, at 10:00 Singapore Standard Time. Location: ntu alumni club, 11 slim barracks rise (off north buona vista road), 05-03, singapore 138664, Singapore Recent Insider Transactions • Apr 04
CEO & Executive Director recently bought S$70k worth of stock On the 2nd of April, Heng Kang Koh bought around 10m shares on-market at roughly S$0.007 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Heng Kang's only on-market trade for the last 12 months. New Risk • Mar 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: S$128.8m (US$96.7m) 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 Interest payments are not well covered by earnings (1.4x net interest cover). Share price has been highly volatile over the past 3 months (24% average weekly change). Minor Risk Market cap is less than US$100m (S$128.8m market cap, or US$96.7m). Reported Earnings • Mar 02
Full year 2024 earnings released: EPS: S$0 (vs S$0 in FY 2023) Full year 2024 results: EPS: S$0 (in line with FY 2023). Revenue: S$290.1m (down 16% from FY 2023). Net income: S$3.75m (up S$5.63m from FY 2023). Profit margin: 1.3% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings. New Risk • Jan 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: S$128.3m (US$94.1m) 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 Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 41% per year over the past 5 years. Minor Risk Market cap is less than US$100m (S$128.3m market cap, or US$94.1m). Board Change • Jan 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. 4 experienced directors. 1 highly experienced director. Non-Independent Non-Executive Director Cuaca Cleveland 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. New Risk • Nov 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: S$128.3m (US$95.6m) 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 Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 41% per year over the past 5 years. Minor Risk Market cap is less than US$100m (S$128.3m market cap, or US$95.6m). New Risk • Nov 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Singaporean stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 41% per year over the past 5 years. Reported Earnings • Aug 19
First half 2024 earnings released: EPS: S$0 (vs S$0 in 1H 2023) First half 2024 results: EPS: S$0 (in line with 1H 2023). Revenue: S$127.6m (up 4.8% from 1H 2023). Net loss: S$1.08m (down S$1.31m from profit in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 34 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 14
Full year 2023 earnings released: EPS: S$0 (vs S$0.001 loss in FY 2022) Full year 2023 results: EPS: S$0 (improved from S$0.001 loss in FY 2022). Revenue: S$347.1m (up 48% from FY 2022). Net loss: S$1.88m (loss narrowed 86% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Announcement • Apr 12
Oceanus Group Limited, Annual General Meeting, Apr 26, 2024 Oceanus Group Limited, Annual General Meeting, Apr 26, 2024, at 17:00 Singapore Standard Time. Location: Suntec Singapore Convention & Exhibition Centre Meeting Room 328-329, Level 3, 1 Raffles Boulevard Suntec City Singapore Agenda: To adopt Directors’ Statement and Audited Financial Statements for the financial year ended 31 December 2023 together with the Independent Auditor’s Report; to consider board changes; to approve the payment of Directors’ fees of SGD 160,000 for the financial year ending 31 December 2024, to be paid quarterly in arrears; to re-appoint Messrs RSM SG Assurance LLP as auditors; and to authorise directors to issue new shares. Reported Earnings • Feb 27
Full year 2023 earnings released: EPS: S$0 (vs S$0.001 loss in FY 2022) Full year 2023 results: EPS: S$0 (improved from S$0.001 loss in FY 2022). Revenue: S$340.4m (up 45% from FY 2022). Net loss: S$2.81m (loss narrowed 79% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 16
First half 2023 earnings released: EPS: S$0 (vs S$0 in 1H 2022) First half 2023 results: EPS: S$0 (in line with 1H 2022). Revenue: S$121.8m (up 42% from 1H 2022). Net income: S$231.0k (up S$1.24m from 1H 2022). Profit margin: 0.2% (up from net loss in 1H 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 14
Full year 2022 earnings released: EPS: S$0 (vs S$0 in FY 2021) Full year 2022 results: EPS: S$0 (in line with FY 2021). Revenue: S$233.6m (up 66% from FY 2021). Net loss: S$8.39m (down 219% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: S$0 (vs S$0 in FY 2021) Full year 2022 results: EPS: S$0 (in line with FY 2021). Revenue: S$233.6m (up 66% from FY 2021). Net loss: S$8.39m (down 219% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 03
Oceanus Group Limited Announces Management Changes Oceanus Group Limited announced that it has appointed Mr. Sammul Lin as Group Chief Operating Officer, as part of the Group's plan to further enhance its senior management team. As Group Chief Operating Officer, Mr. Lin, 40, will oversee and manage the day-to-day operational functions of the Group, which include developing, establishing and implementing the Group's operating policies and business plans. He will report directly to Executive Director and Group Chief Executive Officer, Mr. Peter HK Koh, PBM. Mr. Lin was previously Director of Distribution, a role he assumed since January 2020. He oversaw the Group's distribution business pillar and played a pivotal role in its expansion. Under his tenure as the head of Distribution, he has vastly expanded Oceanus' portfolio of fast-moving consumer goods (FMCG), which now includes frozen meat, food commodities and agricultural products. His latest accomplishments include the establishment of subsidiary Sino Food Group Pte Ltd. in 2021, which became an approved distributor for China Resources Wufeng, a member of state-owned enterprise China Resources. Oceanus will be supported by a strong management team as the Group focuses on harnessing cross-pillar synergy across its business portfolio spanning Food Production, Distribution, Services, and Innovation for growth. Ms Shero Dong will be appointed to take over Mr. Lin's previous role as Director, Distribution. She was an integral part of the team that successfully expanded the Group's distribution segment. Last year, she played a pivotal role in securing the distribution rights for a globally esteemed Australian wine producer for the Chinese market, which propelled Season Global to be one of the large liquor exporters to China. The Group has two other new appointments in 2022. Mr. Nick Tan will lead the Immersive Media division under the Services pillar. Mr. Tan was instrumental in consolidating the Group's multi-media and marketing brands under Oceanus Media Global. Mr. Adrian Teo will spearhead the Group's vision to accelerate its "tech-up" operations within the Digital Business division under the Innovation pillar. Before Mr. Teo joined Oceanus, he was Chief Operating Officer at a Singapore-based company that focuses on digitalising the agrifood supply chain. Reported Earnings • Aug 15
First half 2022 earnings released: S$0.03 loss per share (vs S$0 in 1H 2021) First half 2022 results: S$0.03 loss per share (down from S$0 in 1H 2021). Revenue: S$85.7m (up 63% from 1H 2021). Net loss: S$1.01m (down 122% from profit in 1H 2021). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 15
Oceanus Group Limited, Annual General Meeting, Apr 29, 2022 Oceanus Group Limited, Annual General Meeting, Apr 29, 2022, at 14:00 Singapore Standard Time. Agenda: To consider Adoption of Directors' Statement and Audited Financial Statements for the financial year ended 31 December 2021 together with the Independent Auditor's Report; to consider Re-election Director; to consider Approval of payment of Directors' fees of SGD 160,000 for the financial year ending 31 December 2022, to be paid quarterly in arrears; to consider Re-appointment of Messrs RSM Chio Lim LLP as Auditors Special Business; to consider Authority to issue new shares; to consider Proposed placement of an aggregate of 1,270,369,565 new; to consider ordinary shares in the capital of the Company to PY Opulence Investment Pte. Ltd., Golden Summit International Ltd and Alacrity Investment Group Limited; and to consider Proposed issuance of 4% digital convertible bonds due 2026 in the aggregate principal amount of $6 million to Alacrity Investment Group Limited. Reported Earnings • Apr 12
Full year 2021 earnings released: EPS: S$0 (vs S$0 in FY 2020) Full year 2021 results: EPS: S$0 (vs S$0 in FY 2020). Revenue: S$140.4m (up 52% from FY 2020). Net income: S$7.05m (down 3.0% from FY 2020). Profit margin: 5.0% (down from 7.9% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 71% per year, which means it is well ahead of earnings. Announcement • Mar 06
Oceanus Group Limited Announces Change of Joint Company Secretary The Board of Directors of Oceanus Group Limited announced that Ms. Tan Ching Ching has been appointed as the Joint Company Secretary of the Company in place of Mr. Leh Si Yuan who has resigned as the Joint Company Secretary with effect from 5 March 2022. Following the above, the Company Secretaries of the Company are Mr. Chen Chuanjian, Jason and Ms. Tan Ching Ching. Reported Earnings • Mar 03
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: S$0 (vs S$0 in FY 2020). Revenue: S$139.7m (up 51% from FY 2020). Net income: S$6.48m (down 11% from FY 2020). Profit margin: 4.6% (down from 7.9% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 84% per year, which means it is well ahead of earnings. Executive Departure • Jul 13
Company Secretary Kuo Wei Lam has left the company On the 30th of June, Kuo Wei Lam's tenure as Company Secretary ended after 4.3 years in the role. We don't have any record of a personal shareholding under Kuo Wei's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.50 years. Executive Departure • May 04
Non-Independent & Non-Executive Director has left the company On the 29th of April, Chua Eugen's tenure as Non-Independent & Non-Executive Director ended after 1.6 years in the role. As of December 2020, Chua personally held 3.00m shares (S$81k worth at the time). A total of 3 executives have left over the last 12 months. Recent Insider Transactions • Mar 16
CEO & Executive Director recently bought S$509k worth of stock On the 15th of March, Heng Kang Koh bought around 13m shares on-market at roughly S$0.041 per share. This was the largest purchase by an insider in the last 3 months. This was Heng Kang's only on-market trade for the last 12 months. Reported Earnings • Mar 02
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: S$91.7m (up S$82.0m from FY 2019). Net income: S$8.03m (up S$12.0m from FY 2019). Profit margin: 8.8% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 229 percentage points per year, which is a significant difference in performance. Announcement • Jun 29
Alacrity Investment Group Limited acquired additional 7.3% stake in Oceanus Group Limited (SGX:579) from Ocean Wonder International Limited for SGD 3.2 million. Alacrity Investment Group Limited acquired additional 7.3% stake in Oceanus Group Limited (SGX:579) from Ocean Wonder International Limited for SGD 3.2 million on June 26, 2020. After transaction Alacrity Investment holds 14.53% stake and Ocean Wonder holds 12% stake in Oceanus. In a related transaction Ocean Wonder sold all remaining shares to a shareholders group led by Alacrity Investment.
Alacrity Investment Group Limited completed the acquisition of additional 7.3% stake in Oceanus Group Limited (SGX:579) from Ocean Wonder International Limited on June 26, 2020. 
