New Risk • Jul 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 164% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.2% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (S$89.8m market cap, or US$69.3m). Reported Earnings • Jun 30
Full year 2026 earnings released: EPS: S$0.023 (vs S$0.011 in FY 2025) Full year 2026 results: EPS: S$0.023 (up from S$0.011 in FY 2025). Revenue: S$138.6m (down 7.5% from FY 2025). Net income: S$15.4m (up 100% from FY 2025). Profit margin: 11% (up from 5.1% in FY 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. New Risk • Jun 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 9.4% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.4% average weekly change). Market cap is less than US$100m (S$91.1m market cap, or US$70.4m). Reported Earnings • Dec 13
First half 2026 earnings released: EPS: S$0.008 (vs S$0.005 in 1H 2025) First half 2026 results: EPS: S$0.008 (up from S$0.005 in 1H 2025). Revenue: S$71.0m (down 9.7% from 1H 2025). Net income: S$5.18m (up 56% from 1H 2025). Profit margin: 7.3% (up from 4.2% in 1H 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 17
Full year 2025 earnings released: EPS: S$0.011 (vs S$0.001 in FY 2024) Full year 2025 results: EPS: S$0.011 (up from S$0.001 in FY 2024). Revenue: S$149.9m (up 7.9% from FY 2024). Net income: S$7.69m (up S$7.09m from FY 2024). Profit margin: 5.1% (up from 0.4% in FY 2024). The increase in margin was driven by higher revenue. 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 21% per year, which means it is well ahead of earnings. Declared Dividend • Aug 16
Dividend increased to S$0.004 Dividend of S$0.004 is 100% higher than last year. Ex-date: 9th September 2025 Payment date: 25th September 2025 Dividend yield will be 2.6%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 8.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Anuncio • Aug 14
Vibrant Group Limited, Annual General Meeting, Aug 29, 2025 Vibrant Group Limited, Annual General Meeting, Aug 29, 2025, at 10:00 Singapore Standard Time. Location: 51 penjuru road, 04-00, singapore 609143, Singapore New Risk • Jul 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (S$105.4m market cap, or US$82.3m). New Risk • Jun 29
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks 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$61.2m market cap, or US$48.0m). Reported Earnings • Jun 28
Full year 2025 earnings released: EPS: S$0.011 (vs S$0.001 in FY 2024) Full year 2025 results: EPS: S$0.011 (up from S$0.001 in FY 2024). Revenue: S$149.9m (up 7.9% from FY 2024). Net income: S$7.69m (up S$7.09m from FY 2024). Profit margin: 5.1% (up from 0.4% in FY 2024). The increase in margin was driven by higher revenue. 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 3% per year, which means it is well ahead of earnings. Reported Earnings • Dec 17
First half 2025 earnings released: EPS: S$0.005 (vs S$0.005 loss in 1H 2024) First half 2025 results: EPS: S$0.005 (up from S$0.005 loss in 1H 2024). Revenue: S$78.7m (up 12% from 1H 2024). Net income: S$3.31m (up S$6.54m from 1H 2024). Profit margin: 4.2% (up from net loss in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. New Risk • Nov 19
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 26% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (230% payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (S$34.1m market cap, or US$25.5m). New Risk • Sep 23
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 26% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (230% payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (S$36.8m market cap, or US$28.5m). Reported Earnings • Aug 19
Full year 2024 earnings released: EPS: S$0.001 (vs S$0 in FY 2023) Full year 2024 results: EPS: S$0.001 (up from S$0 in FY 2023). Revenue: S$138.9m (down 18% from FY 2023). Net income: S$600.0k (up 243% from FY 2023). Profit margin: 0.4% (up from 0.1% in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. New Risk • Aug 16
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 Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 26% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (230% payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (S$43.7m market cap, or US$33.1m). Declared Dividend • Aug 16
Dividend of S$0.002 announced Shareholders will receive a dividend of S$0.002. Ex-date: 6th September 2024 Payment date: 23rd September 2024 Dividend yield will be 3.1%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (230% earnings payout ratio). However, it is well covered by cash flows (5% cash payout ratio). 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 grow by 155% to bring the payout ratio under control. However, EPS has declined by 34% over the last 5 years so the company would need to reverse this trend. Anuncio • Aug 14
Vibrant Group Limited, Annual General Meeting, Aug 30, 2024 Vibrant Group Limited, Annual General Meeting, Aug 30, 2024, at 10:00 Singapore Standard Time. Location: 51 penjuru road, 04-00, singapore 609143, Singapore New Risk • Jul 10
New major risk - Revenue and earnings growth Earnings have declined by 26% 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 Risk Earnings have declined by 26% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (S$36.8m market cap, or US$27.3m). New Risk • Jul 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended October 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 October 2023 fiscal period end). Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (S$45.0m market cap, or US$33.2m). Reported Earnings • Dec 16
First half 2024 earnings released: S$0.005 loss per share (vs S$0.005 profit in 1H 2023) First half 2024 results: S$0.005 loss per share (down from S$0.005 profit in 1H 2023). Revenue: S$70.0m (down 27% from 1H 2023). Net loss: S$3.23m (down 191% from profit in 1H 2023). 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 17% per year, which means it is significantly lagging earnings. New Risk • Nov 14
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 16% 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 (16% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). Market cap is less than US$100m (S$49.6m market cap, or US$36.4m). New Risk • Aug 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 43% 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: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). Market cap is less than US$100m (S$46.1m market cap, or US$34.0m). Reported Earnings • Aug 16
Full year 2023 earnings released: EPS: S$0 (vs S$0.013 in FY 2022) Full year 2023 results: EPS: S$0 (down from S$0.013 in FY 2022). Revenue: S$170.4m (down 16% from FY 2022). Net income: S$175.0k (down 98% from FY 2022). Profit margin: 0.1% (down from 4.6% in FY 2022). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Anuncio • Aug 14
Vibrant Group Limited, Annual General Meeting, Aug 29, 2023 Vibrant Group Limited, Annual General Meeting, Aug 29, 2023, at 10:00 Singapore Standard Time. Location: 51 Penjuru Road, #04-00 Singapore Singapore Agenda: To consider adoption of Directors' Statement and Audited Financial Statements; to consider approval of Directors' Fees for the financial year ending 30 April 2024; to consider declaration of first and final dividend; to consider re-election of Mr. Eric Khua Kian Keong; to consider re-election of Mr. Derek Loh Eu Tse; to consider re-appointment of Auditors; and to consider such other business issues. New Risk • Aug 08
New major risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (S$46.1m market cap, or US$34.2m). Reported Earnings • Jun 29
Full year 2023 earnings released: EPS: S$0.001 (vs S$0.013 in FY 2022) Full year 2023 results: EPS: S$0.001 (down from S$0.013 in FY 2022). Revenue: S$170.4m (down 16% from FY 2022). Net income: S$646.0k (down 93% from FY 2022). Profit margin: 0.4% (down from 4.6% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Anuncio • Jun 29
Vibrant Group Limited Recommends First and Final Tax Exempt Dividend for the Financial Year Ended 30 April 2023 Vibrant Group Limited recommended first and final tax exempt dividend of 0.1 cent per ordinary share for the financial year ended 30 April 2023 against 0.15 cents per share a year ago. New Risk • Jun 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended October 2022. 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 October 2022 fiscal period end). Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (S$51.7m market cap, or US$38.6m). Reported Earnings • Dec 14
First half 2023 earnings released First half 2023 results: Revenue: S$95.5m (up 2.0% from 1H 2022). Net income: S$3.55m (up 20% from 1H 2022). Profit margin: 3.7% (up from 3.1% in 1H 2022). Anuncio • Sep 13
Vibrant Group Limited Approves First and Final Dividend for the Financial Year Ended 30 April 2022 Vibrant Group Limited approved first and final tax exempt (one-tier) dividend of 0.15 Singapore cent per ordinary share for the financial year ended 30 April 2022 at its Annual General Meeting held on 29 August 2022. Reported Earnings • Aug 15
Full year 2022 earnings released: EPS: S$0.013 (vs S$0.005 in FY 2021) Full year 2022 results: EPS: S$0.013 (up from S$0.005 in FY 2021). Revenue: S$201.8m (up 24% from FY 2021). Net income: S$9.30m (up 195% from FY 2021). Profit margin: 4.6% (up from 1.9% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Anuncio • Jul 01
Vibrant Group Limited Proposes First and Final Dividend for the Financial Year Ended April 30, 2022 Vibrant Group Limited proposed first and final dividend of 0.15 Singapore Cents per ordinary share for the financial year ended April 30, 2022. The proposed dividend is subject to the approval of shareholders in the forthcoming Annual General Meeting. Reported Earnings • Jun 30
Full year 2022 earnings released: EPS: S$0.013 (vs S$0.005 in FY 2021) Full year 2022 results: EPS: S$0.013 (up from S$0.005 in FY 2021). Revenue: S$201.8m (up 24% from FY 2021). Net income: S$9.30m (up 195% from FY 2021). Profit margin: 4.6% (up from 1.9% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Anuncio • May 04
Vibrant Pucheng Logistics (Chongqing) Co., Ltd. Provides Update on Legal Proceedings The board of directors of Vibrant Group Limited referred to the Company's earlier announcements dated 25 February 2022 and 4 March 2022 respectively in relation to the legal proceedings commenced by ("Plaintiff") against the Company's 31% owned Chinese associated company, Vibrant Pucheng Logistics (Chongqing) Co. Ltd. The Company updated shareholders that following an open court hearing held on 28 February 2022, Vibrant Pucheng was, on 28 April 2022, served with a judgement from the People's Republic of China Court ("Court") dated 14 April 2022. Pursuant to the judgment, the Court had ordered that: the agreement entered into between the Plaintiff and Vibrant Pucheng on 2 August 2019 in relation to the construction of the Multi-Modal Logistics Distribution Centre located in Chongqing, People's Republic of China be terminated; Vibrant Pucheng be required to pay the Plaintiff the amount owed to the Plaintiff, being the sum of RMB 59,385,282 and (ii) interest accrued on such principal amount to be calculated based on the People's Republic of China Bank lending rate from 12 November 2021, within 10 days from the effective date of judgment; in the event the Multi-Modal Logistics Distribution Centre project is disposed of at a discount or pursuant to an auction for a price not exceeding RMB 59,385,282, the Plaintiff shall have priority in receiving any compensation; all other claims made by the Plaintiff were rejected; and Vibrant Pucheng be required to pay court fees and property preservation fees amounting to RMB 354,323. The Company has been notified that Vibrant Pucheng intends to submit an appeal against the Court's decision, and is currently seeking legal advice from its Chinese legal advisers. The Company will make further announcements to update its shareholders when there are material updates as may be necessary or appropriate. Reported Earnings • Dec 16
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: S$0.004 (up from S$0.002 in 1H 2021). Revenue: S$93.7m (up 27% from 1H 2021). Net income: S$2.95m (up 73% from 1H 2021). Profit margin: 3.1% (up from 2.3% in 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Board Change • Sep 12
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman Sebastian Tan was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 08
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman Sebastian Tan was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 03
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman Sebastian Tan was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Executive Departure • Sep 01
Group Advisor & Non-Executive Director Hock Su Khua has left the company On the 27th of August, Hock Su Khua's tenure as Group Advisor & Non-Executive Director ended after 17.8 years in the role. As of June 2021, Hock Su still personally held only 7.00k shares (S$874 worth at the time). Hock Su is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.33 years. Reported Earnings • Jul 02
Full year 2021 earnings released: EPS S$0.005 (vs S$0.007 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: S$162.9m (up 11% from FY 2020). Net income: S$3.15m (down 39% from FY 2020). Profit margin: 1.9% (down from 3.5% in FY 2020). The decrease in margin was driven by higher expenses. 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 32% per year, which means it is significantly lagging earnings. Anuncio • Dec 16
Vibrant Group Limited to Report Q2, 2021 Results on Dec 15, 2020 Vibrant Group Limited announced that they will report Q2, 2021 results on Dec 15, 2020