Ankündigung • Feb 15
Ossia International Limited Announces Ordinary Interim Dividend for the Year Ending 30 June 2026, Payable on 18 March 2026 Ossia International Limited announced ordinary interim dividend of 1.0 SGD cent per share for the year ending 30 June 2026. Total ordinary interim dividend is SGD 2,526,000. The Share Transfer Books and the Register of Members of the Company will be closed on 3 March 2026 for the purpose of determining Members' entitlements to the Interim Dividend. Duly completed registrable transfers in respect of shares in the Company received up to the close of business at 5.00 p.m. on 2 March 2026 by the Company's Share Registrar, Tricor Barbinder Share Registration Services, 9 Raffles Place, #26-01, Singapore 048619 will be entitled to the said Interim Dividend. Members whose Securities Accounts with The Central Depository (Pte) Limited are credited with shares of the Company as at 5.00 p.m. on 2 March 2026 will be entitled to the said Interim Dividend. The Interim Dividend will be paid on 18 March 2026. Ankündigung • Oct 10
Ossia International Limited, Annual General Meeting, Oct 27, 2025 Ossia International Limited, Annual General Meeting, Oct 27, 2025, at 15:00 Singapore Standard Time. Location: 51 changi business park central 2, 08-13, the signature, singapore 486066, Singapore Ankündigung • Jan 27
Ossia International Limited Announces Board and Committees Change The Board of Directors of Ossia International Limited announced the resignation of Mr. Wong King Kheng as a Non-Independent, Non-Executive Director of the Company with effect from 31 January 2025. The company also announced Appointment of Ms. Chan Shuh Chet as an Independent Non-Executive Director of the Company with effect from 1 February 2025, and Member of the Audit Committee, Nominating Committee and Remuneration Committee, with effect from 1 February 2025, Consequent upon the above appointments, the composition of the Board Committees and Board of Directors, will be reconstituted as follows: Board of Directors; Mr. Goh Ching Wah, George as Group Executive Chairman, Mr. Goh Ching Huat, Steven as Executive Director/Chief Executive Officer, Mr. Goh Ching Lai as Non-Executive Director, Ms. Mae Heng Su-Ling as Non-Executive Director, Ms. Foo Jong Han, Rey as Independent Non-Executive Director, Ms. Chan Shuh Chet as Independent Non-Executive Director. Audit Committee: Ms. Chan Shuh Chet (Chairman), Ms. Heng Su Ling, Mae, Mr. Foo Jong Han, Rey. Nominating Committee: Mr. Foo Jong Han, Rey (Chairman), Ms. Heng Su Ling, Mae, Ms. Chan Shuh Chet. Remuneration Committee: Ms. Heng Su Ling, Mae (Chairman), Mr. Foo Jong Han, Rey, Ms. Chan Shuh Chet. Profile of Chan Shuh Chet: Working Experience: March 2022- October 2023 Financial Consultant at Capital World Limited February 2021 February 2022 Financial Controller at Capital World Limited February 2019 to September 2020 Financial Controller at Hua Hong Foundation Investment Holdings Pte Ltd. December 2017 January 2019 Financial Consultant at Vernal Venture Pte Ltd. February 2016 to October 2017 Financial Consultant at VGO Corporation Ltd. December 2013 to October 2015 General Manager at Hui Tian Network Technology Pte Ltd. Other DirectorShips Present: Directorship Tan Ngan Lo Pte Ltd. Settlers Global Management Pte Ltd. Director Experience Details: The newly appointed director will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange within one year from the date of appointment. Professional Qualifications: ISCA Associate. Ankündigung • Sep 27
Ossia International Limited Announces Resignation of Lee Bee Fong as Company Secretary Ossia International Limited announced the resignation of Ms Lee Bee Fong as Company Secretary, with effect from 26 September 2024, and would like to place on record their appreciation to Ms Lee Bee Fong, for her contributions during her term of service. Ankündigung • Sep 05
The Goh Family Intends to Privities Ossia International The Goh family's shareholding in Ossia International Limited has risen to 85.9% as at the close of its privatisation offer on August 30, the lifestyle products retailer and distributor said on September 2, 2024. In a bourse filing, the group said it had received valid offer acceptances for over 23.5 million shares, representing around 9.3% of the more than 252.6 million shares in the company. This brought the shareholding of the offerors, who are Executive Chairman George Goh, Non-Executive Director Goh Ching Lai and Chief Executive Officer Goh Ching Huat, to around 84.7%. In June, the offerors proposed to privatise the company at SGD 0.145 per share. The Goh family said it intended to privatise the company to allow shareholders to have the opportunity to realise their investment at a premium without incurring brokerage costs. Ankündigung • Aug 28
Ossia International Limited Approves Final One-Tier Tax Exempt Dividend for the Financial Year Ended March 31, 2024 Ossia International Limited at its Annual General Meeting held on July 23, 2024, approved the payment of final one-tier tax exempt dividend of 0.70 cents per share for the financial year ended March 31, 2024. Board Change • Aug 05
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Non-Executive Director Rey Foo was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 11
Full year 2024 earnings released: EPS: S$0.026 (vs S$0.04 in FY 2023) Full year 2024 results: EPS: S$0.026 (down from S$0.04 in FY 2023). Revenue: S$30.2m (flat on FY 2023). Net income: S$6.59m (down 35% from FY 2023). Profit margin: 22% (down from 33% in FY 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 10
Dividend reduced to S$0.007 Dividend of S$0.007 is 61% lower than last year. Ex-date: 30th July 2024 Payment date: 8th August 2024 Dividend yield will be 4.6%, which is lower than the industry average of 7.5%. Sustainability & Growth Dividend is covered by earnings (27% 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 increased by an average of 9.8% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Ankündigung • Jul 09
Ossia International Limited, Annual General Meeting, Jul 23, 2024 Ossia International Limited, Annual General Meeting, Jul 23, 2024, at 14:30 Singapore Standard Time. Location: 51 changi business park central 2, 08-13, the signature, singapore 486066, Singapore Reported Earnings • May 30
Full year 2024 earnings released Full year 2024 results: Revenue: S$30.2m (flat on FY 2023). Net income: S$6.59m (down 35% from FY 2023). Profit margin: 22% (down from 33% in FY 2023). New Risk • May 21
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 14% 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 Risk Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risks Dividend is not well covered by cash flows (221% cash payout ratio). Profit margins are more than 30% lower than last year (21% net profit margin). Market cap is less than US$100m (S$30.3m market cap, or US$22.5m). Ankündigung • Oct 26
Ossia International Limited Announces Nominating Committee Members The Board of Directors of Ossia International Limited announced that the announcement relating to the composition of the Nominating Committee on 31 July 2023, contained an error wherein the names of two Nominating Committee Members had been inadvertently left out. The members of the Nominating Committee from 31 July 2023 are as follows:-Nominating Committee: Mr. Foo Jong Han Rey (Chairman), Mr. Wong King Kheng, Ms. Heng Su-Ling Mae, Mr. Goh Ching Wah and Mr. Goh Ching Lai. New Risk • Aug 10
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 13% 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 Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Dividend is not well covered by cash flows (138% cash payout ratio). Market cap is less than US$100m (S$40.4m market cap, or US$30.0m). Ankündigung • Aug 01
Ossia International Limited Announces Appointment of Foo Jong Han Rey as Independent Non-Executive Director Ossia International Limited announced appointment of Foo Jong Han Rey as Independent Non-Executive Director. Job Title: Independent Non-Executive Director, Nominating Committee Chairman, Audit Committee and Remuneration Committee Member. The Board of Directors of Ossia International Limited, having assessed Mr. Foo's qualifications, expertise, skillset, knowledge and broad experience, is of the view that Mr. Foo's appointment as an Independent Non-Executive Director will enhance the effectiveness of the Board and will be beneficial to the Board and the Company. Working Experience: Practising as Advocate and Solicitor in Singapore. Professional Qualifications: LLB Honours - University - University of Buckingham LLM - Queen Mary's College, University of London. Appointment Date is July 28, 2023. Upcoming Dividend • Aug 01
Upcoming dividend of S$0.018 per share at 9.7% yield Eligible shareholders must have bought the stock before 08 August 2023. Payment date: 25 August 2023. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 9.7%. Within top quartile of Singaporean dividend payers (6.1%). Higher than average of industry peers (7.2%). Ankündigung • Jul 28
Ossia International Limited Approves Final Tax Exempt One Tier Dividend for the Year Ended 31 March 2023 Ossia International Limited at its Annual General Meeting held on July 27, 2023, approved Final Tax exempt one tier dividend of 1.8 cents per share for the year ended 31 March 2023. Reported Earnings • Jul 08
Full year 2023 earnings released: EPS: S$0.04 (vs S$0.026 in FY 2022) Full year 2023 results: EPS: S$0.04 (up from S$0.026 in FY 2022). Revenue: S$30.2m (up 28% from FY 2022). Net income: S$10.1m (up 53% from FY 2022). Profit margin: 33% (up from 28% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 03
Full year 2023 earnings released Full year 2023 results: Revenue: S$30.2m (up 28% from FY 2022). Net income: S$10.1m (up 53% from FY 2022). Profit margin: 33% (up from 28% in FY 2022). The increase in margin was driven by higher revenue. Buying Opportunity • Mar 16
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 5.1%. The fair value is estimated to be S$0.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 24%. Buying Opportunity • Feb 06
Now 23% undervalued Over the last 90 days, the stock is up 3.8%. The fair value is estimated to be S$0.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 24%. Board Change • Nov 16
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. No experienced directors. 6 highly experienced directors. Independent & Non-Executive Director Mae Heng was the last director to join the board, commencing their role in 2010. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Jul 30
Ossia International Limited Announces Recomposition of the Board Committees The Board of Directors of Ossia International Limited announced the following changes in the composition of the Board with effect from 29 July 2022. 1. Mr. Wong King Kheng will cease his appointment as Chairman of the Audit Committee while remaining as a Member and He has been appointed as Chairman of the Remuneration Committee of the Company; and 2. Ms. Heng Su-Ling, Mae will cease her appointment as Chairman of the Remuneration Committee while remaining as a Member and She has been appointed as Chairman of the Audit Committee of the Company. Reported Earnings • Jul 16
Full year 2022 earnings released: EPS: S$0.026 (vs S$0.019 in FY 2021) Full year 2022 results: EPS: S$0.026 (up from S$0.019 in FY 2021). Revenue: S$23.7m (down 6.5% from FY 2021). Net income: S$6.60m (up 39% from FY 2021). Profit margin: 28% (up from 19% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 29
Full year 2022 earnings released Full year 2022 results: Revenue: S$23.7m (down 6.5% from FY 2021). Net income: S$6.60m (up 39% from FY 2021). Profit margin: 28% (up from 19% in FY 2021). The increase in margin was driven by lower expenses. Board Change • May 27
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. No experienced directors. 6 highly experienced directors. Independent & Non-Executive Director Mae Heng was the last director to join the board, commencing their role in 2010. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 28
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. No experienced directors. 6 highly experienced directors. Independent & Non-Executive Director Mae Heng was the last director to join the board, commencing their role in 2010. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Aug 05
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 12 August 2021. Payment date: 27 August 2021. Trailing yield: 7.5%. Within top quartile of Singaporean dividend payers (5.0%). Higher than average of industry peers (3.6%). Reported Earnings • Jul 18
Full year 2021 earnings released: EPS S$0.019 (vs S$0.02 in FY 2020) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: S$25.3m (flat on FY 2020). Net income: S$4.76m (down 5.8% from FY 2020). Profit margin: 19% (down from 20% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Reported Earnings • May 30
Full year 2021 earnings released The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: S$25.3m (flat on FY 2020). Net income: S$4.76m (down 5.8% from FY 2020). Profit margin: 19% (down from 20% in FY 2020).