Ankündigung • Jun 09
Mun Siong Engineering Limited Announces Appointment of Kirk Keng Chong to Group Chief Financial Officer, Effective June 8, 2026 MUN SIONG ENGINEERING LIMITED announced that Kirk Keng Chong was appointed as Group Chief Financial Officer, effective June 8, 2026. The Nominating and Audit Committees have recommended the appointment of Mr. Kirk as the Group Chief Financial Officer, and the Board of Directors has approved the appointment, after taking into consideration Mr. Kirk's professional qualification and work experiences. Mr. Kirk is responsible for overseeing the Group's financial and regulatory reporting, compliance, corporate finance activities, treasury, financial and accounting functions and shareholder/investor relations. July 2025 to June 2026 - Deputy Director Finance, PEC Pte Ltd. January 2025 to July 2025 - Vice President Finance, CapitaLand Ascendas REIT Management Limited. October 2013 to January 2025 - Deputy Director Finance, PEC Ltd. 1) Bachelor of Accountancy - Nanyang Technological University 2) Chartered Accountant (Singapore) - Institute of Singapore Chartered Accountants. Ankündigung • Apr 10
Mun Siong Engineering Limited, Annual General Meeting, Apr 27, 2026 Mun Siong Engineering Limited, Annual General Meeting, Apr 27, 2026, at 10:00 Singapore Standard Time. Location: 26 gul way, singapore 629199, Singapore New Risk • Mar 07
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -S$2.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$2.4m free cash flow). Shares are highly illiquid. Earnings have declined by 71% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (S$16.3m market cap, or US$12.7m). Reported Earnings • Mar 04
Full year 2025 earnings released: S$0.009 loss per share (vs S$0.01 loss in FY 2024) Full year 2025 results: S$0.009 loss per share (improved from S$0.01 loss in FY 2024). Revenue: S$69.4m (up 7.0% from FY 2024). Net loss: S$5.39m (loss narrowed 2.4% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. New Risk • Dec 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -S$2.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$2.4m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 71% per year over the past 5 years. Minor Risk Market cap is less than US$100m (S$20.4m market cap, or US$15.8m). Reported Earnings • Apr 16
Full year 2024 earnings released: S$0.01 loss per share (vs S$0.005 loss in FY 2023) Full year 2024 results: S$0.01 loss per share (further deteriorated from S$0.005 loss in FY 2023). Revenue: S$64.8m (down 9.0% from FY 2023). Net loss: S$5.52m (loss widened 97% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Ankündigung • Apr 15
Mun Siong Engineering Limited, Annual General Meeting, Apr 30, 2025 Mun Siong Engineering Limited, Annual General Meeting, Apr 30, 2025, at 14:00 Singapore Standard Time. Location: 80 jurong east street 21, devan nair institute for employment & employabilty, event hall 2, level 1, singapore 609607, Singapore New Risk • Mar 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$13.4m (US$10.00m) This is considered a major 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 Shares are highly illiquid. Earnings have declined by 71% per year over the past 5 years. Market cap is less than US$10m (S$13.4m market cap, or US$10.00m). Reported Earnings • Mar 01
Full year 2024 earnings released: S$0.009 loss per share (vs S$0.005 loss in FY 2023) Full year 2024 results: S$0.009 loss per share (further deteriorated from S$0.005 loss in FY 2023). Revenue: S$64.8m (down 9.0% from FY 2023). Net loss: S$5.52m (loss widened 97% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. New Risk • Feb 24
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 Shares are highly illiquid. Earnings have declined by 9.2% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (S$16.9m market cap, or US$12.6m). Reported Earnings • Aug 13
First half 2024 earnings released: S$0.003 loss per share (vs S$0.005 loss in 1H 2023) First half 2024 results: S$0.003 loss per share (improved from S$0.005 loss in 1H 2023). Revenue: S$30.3m (down 9.7% from 1H 2023). Net loss: S$1.63m (loss narrowed 43% from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. New Risk • Aug 09
New major risk - Revenue and earnings growth Earnings have declined by 9.2% 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 Shares are highly illiquid. Earnings have declined by 9.2% per year over the past 5 years. Minor Risk Market cap is less than US$100m (S$19.8m market cap, or US$14.9m). Declared Dividend • Apr 27
Dividend of S$0.0004 announced Dividend of S$0.0004 is the same as last year. Ex-date: 13th May 2024 Payment date: 28th May 2024 Dividend yield will be 1.2%, which is lower than the industry average of 4.6%. Ankündigung • Apr 09
Mun Siong Engineering Limited, Annual General Meeting, Apr 25, 2024 Mun Siong Engineering Limited, Annual General Meeting, Apr 25, 2024, at 14:00 Singapore Standard Time. Location: 80 Jurong East Street 21, Devan Nair Institute for Employment and Employability Event Hall 2, Level 1 Singapore Singapore Agenda: To consider adoption of the directors' statement and the audited financial statements of the company for the financial year ended 31 December 2023 together with the auditors' report thereon; to consider re-election of directors of the company; to consider first and final dividends; to consider approval of directors' fees for financial year ending 31 December 2024; to consider re-appointment of Messrs KPMG LLP as auditors; to consider authority to allot and issue shares and convertible securities; to consider proposed renewal of the authority to issue shares under the MSE performance share plan; and to consider proposed renewal of the share purchase mandate. Reported Earnings • Mar 01
Full year 2023 earnings released: S$0.005 loss per share (vs S$0.001 profit in FY 2022) Full year 2023 results: S$0.005 loss per share (down from S$0.001 profit in FY 2022). Revenue: S$71.2m (up 13% from FY 2022). Net loss: S$2.81m (down S$3.18m from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. New Risk • Feb 20
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (S$21.5m market cap, or US$16.0m). Ankündigung • Feb 01
Mun Siong Engineering Limited Announces Appointment of Seah Hai Yang as Non-Executive Independent Director and Member of the Audit Committee, Nominating Committee, and Remuneration Committee Mun Siong Engineering Limited announced appointment of Seah Hai Yang as Non-Executive Independent Director and member of the Audit Committee, Nominating Committee, and Remuneration Committee, effective from February 1, 2024. Working Experience: From 2003 to present - Shareholder and Director, Van Der Broeck's Consultancy Pte Ltd. From 2021 to present - Shareholder and Director, Raintree Corporate Services Pte Ltd. (Raintree) From 2017 to 2019 - Executive Director and Head of Corporate Advisory, RHT Corporate Advisory Pte Ltd. From 2013 to 2017 - Chief Financial Officer cum Company Secretary - Mun Siong Engineering Limited. Professional Qualifications: 1. Bachelor's Degree in Accountancy, NUS 2. Fellow, Chartered Accountant Singapore (FCA) - ISCA 3. Member, Senior Accredited Director, Singapore Institute of Directors. Ankündigung • Nov 17
Mun Siong Engineering Limited Announces Change of Company Secretary Mun Siong Engineering Limited announced the appointment of Ms Sharon Lim Siew Choo as the Company Secretary in place of Ms Shirley Tan . Reported Earnings • Aug 07
First half 2023 earnings released: S$0.005 loss per share (vs S$0.002 loss in 1H 2022) First half 2023 results: S$0.005 loss per share (further deteriorated from S$0.002 loss in 1H 2022). Revenue: S$33.6m (up 9.8% from 1H 2022). Net loss: S$2.87m (loss widened 102% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Apr 06
Full year 2022 earnings released: EPS: S$0.001 (vs S$0.001 in FY 2021) Full year 2022 results: EPS: S$0.001 (in line with FY 2021). Revenue: S$63.3m (down 15% from FY 2021). Net income: S$371.0k (down 45% from FY 2021). Profit margin: 0.6% (down from 0.9% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year and the company’s share price has also increased by 11% per year. Reported Earnings • Aug 05
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up S$554.0k from 1H 2021). Profit margin: (up from net loss in 1H 2021). 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 10% per year, which means it is significantly lagging earnings growth. Ankündigung • Apr 26
Mun Siong Engineering Limited Appoints Elaine Beh Pur-Lin as Non-Executive Independent Director and Member of the Audit Committee, Nominating Committee, and Remuneration Committee Mun Siong Engineering Limited announced the appointment of Elaine Beh Pur-Lin as Non-Executive Independent Director and member of the Audit Committee, Nominating Committee, and Remuneration Committee. Working Experience is 2013 to Present - Partner at Virtus Law LLP 1996 to 2013 - Partner at Colin Ng & Partners LLP. Ankündigung • Apr 24
Mun Siong Engineering Limited Approves Special Dividend for the Financial Year Ended 31 December 2021, Payable on 27 May 2022 At the Annual General Meeting of Mun Siong Engineering Limited held on 22 April 2022, the Company's shareholders had approved a first and final dividend of 0.04 cents per ordinary share tax-exempt (one-tier) and a special dividend of 0.02 cents per ordinary share tax-exempt (one-tier) ("Dividends") for the financial year ended 31 December 2021 for payment. The Share Transfer Books and Register of Members of the Company will be closed at 5.00 p.m. on 13 May 2022 for the purpose of determining Shareholders' entitlements to the Dividends. Members whose securities accounts with The Central Depository (Pte) Limited are credited with shares as at 5.00 p.m. on 13 May 2022 will be entitled to the Dividends. Payment for the Dividends shall be made on 27 May 2022. Ankündigung • Apr 23
Mun Siong Engineering Limited Approves Final Tax Exempt One-Tier Cash Dividend for the Financial Year Ended 31 December 2021, Payable on 27 May 2022 At the Annual General Meeting of Mun Siong Engineering Limited held on 22 April 2022, the Company's shareholders had approved a first and final dividend of 0.04 cents per ordinary share tax-exempt (one-tier) and a special dividend of 0.02 cents per ordinary share tax-exempt (one-tier) ("Dividends") for the financial year ended 31 December 2021 for payment. The Share Transfer Books and Register of Members of the Company will be closed at 5.00 p.m. on 13 May 2022 for the purpose of determining Shareholders' entitlements to the Dividends. Members whose securities accounts with The Central Depository (Pte) Limited are credited with shares as at 5.00 p.m. on 13 May 2022 will be entitled to the Dividends. Payment for the Dividends shall be made on 27 May 2022. Reported Earnings • Apr 08
Full year 2021 earnings released: EPS: S$0.001 (vs S$0.001 loss in FY 2020) Full year 2021 results: EPS: S$0.001 (up from S$0.001 loss in FY 2020). Revenue: S$74.6m (up 59% from FY 2020). Net income: S$674.0k (up S$1.20m from FY 2020). Profit margin: 0.9% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Ankündigung • Apr 07
Mun Siong Engineering Limited, Annual General Meeting, Apr 22, 2022 Mun Siong Engineering Limited, Annual General Meeting, Apr 22, 2022, at 14:00 Singapore Standard Time. Agenda: To receive and adopt the Directors' Statement and the Audited Financial Statements of the Company for the financial year ended 31 December 2021, together with the Auditors' Report thereon; to consider the reelection of directors; to declare a first and final dividend of 0.04 cents per ordinary share and a special dividend of 0.02 cents per ordinary share tax-exempt (one-tier) for the financial year ended 31 December 2021; to approve the payment of Directors' fees; to re-appoint Messrs KPMG LLP as the Auditors of the Company and to authorise the Directors to fix their remuneration; to transact any other ordinary business which may be properly transacted at an Annual General Meeting; to consider the authority to allot and issue shares and convertible securities; to consider the poposed renewal of the authority to issue shares under the MSE Performance Share Plan; and onsider he Proposed renewal of the share purchase mandate. Reported Earnings • Feb 26
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: S$0.001 (up from S$0.001 loss in FY 2020). Revenue: S$74.6m (up 59% from FY 2020). Net income: S$674.0k (up S$1.20m from FY 2020). Profit margin: 0.9% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 09
First half 2021 earnings released: S$0.001 loss per share (vs S$0.002 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: S$30.6m (up 38% from 1H 2020). Net loss: S$554.0k (loss narrowed 58% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 12
Full year 2020 earnings released: S$0.001 loss per share (vs S$0.001 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: S$46.9m (down 34% from FY 2019). Net loss: S$526.0k (down 206% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Executive Departure • Mar 05
Company Secretary has left the company On the 25th of February, Kok Liang Chew's tenure in the role of Company Secretary ended. We don't have any record of a personal shareholding under Kok Liang's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Feb 27
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: S$46.9m (down 34% from FY 2019). Net loss: S$526.0k (down 206% from profit in FY 2019). Ankündigung • Feb 26
Mun Siong Engineering Limited Appoints Quek Kian Hui as Deputy Chairman Mun Siong Engineering Limited announced that Quek Kian Hui has served as the Executive Director in both the Company and its key subsidiaries since his appointment to the Board of Directors on 16 June 2014. He is a member of the executive committee comprising the various operational directors; overseeing the various worksites which the Group is involved in finance and treasury functions. It maintains a reign over key functions such as executions of both business strategies and works at worksites, budgetary controls and tenders of projects. The Board of Directors, after taking into consideration recommendations from the Nominating Committee - comprising independent non-executive directors, and after considering both work experiences and succession planning, approves the appointment of Mr. Quek Kian Hui as the Deputy Chairman of the Board and Chairman of the Executive Committee. Madam Cheng Woei Fen, the current Chairlady of the Group, will continue to provide guidance to the Executive Committee. The appointment is executive in nature. In his role, Mr. Quek will continue to oversee the Group's existing key business relationships, building in-roads into new business relationships, develop business strategies and operational responsibilities.