New Risk • Apr 21
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 26% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (26% accrual ratio). Minor Risk Market cap is less than US$100m (S$30.4m market cap, or US$23.9m). Annonce • Apr 16
Advancer Global Limited, Annual General Meeting, Apr 30, 2026 Advancer Global Limited, Annual General Meeting, Apr 30, 2026, at 14:00 Singapore Standard Time. Location: 135 jurong gateway road, 06-317, singapore 600135, Singapore Board Change • Apr 15
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Chong Huat Lim was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Mar 07
New major risk - Revenue and earnings growth Earnings have declined by 7.8% 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 7.8% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (S$29.9m market cap, or US$23.4m). Board Change • Mar 05
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Chong Huat Lim was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 09
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Chong Huat Lim was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 26
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Chong Huat Lim was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 04
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Chong Huat Lim was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 10
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Chong Huat Lim was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 15
First half 2025 earnings released: EPS: S$0.001 (vs S$0.001 in 1H 2024) First half 2025 results: EPS: S$0.001 (in line with 1H 2024). Revenue: S$35.2m (up 6.7% from 1H 2024). Net income: S$298.0k (up 18% from 1H 2024). Profit margin: 0.8% (in line with 1H 2024). Board Change • May 09
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Chong Huat Lim was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 16
Full year 2024 earnings released: EPS: S$0.005 (vs S$0.016 loss in FY 2023) Full year 2024 results: EPS: S$0.005 (up from S$0.016 loss in FY 2023). Revenue: S$64.5m (flat on FY 2023). Net income: S$1.35m (up S$5.29m from FY 2023). Profit margin: 2.1% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Annonce • Apr 15
Advancer Global Limited, Annual General Meeting, Apr 30, 2025 Advancer Global Limited, Annual General Meeting, Apr 30, 2025, at 10:00 Singapore Standard Time. Location: 135 jurong gateway road, 06-317, singapore 600135, Singapore New Risk • Apr 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$12.8m (US$9.53m) 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 38% per year over the past 5 years. Market cap is less than US$10m (S$12.8m market cap, or US$9.53m). Minor Risk Large one-off items impacting financial results. Board Change • Apr 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Chong Huat Lim was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 17
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Chong Huat Lim was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 03
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Chong Huat Lim was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 21
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Chong Huat Lim was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 29
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Chong Huat Lim was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Chong Huat Lim was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 16
First half 2024 earnings released: EPS: S$0.001 (vs S$0.006 loss in 1H 2023) First half 2024 results: EPS: S$0.001 (up from S$0.006 loss in 1H 2023). Revenue: S$33.0m (up 5.2% from 1H 2023). Net income: S$252.0k (up S$1.85m from 1H 2023). Profit margin: 0.8% (up from net loss in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Non-Executive Independent Director Chong Huat Lim was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Apr 17
Advancer Global Limited Announces Change of Joint Company Secretary The Board of Directors of Advancer Global Limited announced the appointment of Mr. Kelvin Tong Wee Chiang ("Mr. Tong"), the Chief Financial Officer of the Company, as Joint Secretary of the Company effective immediately, in place of Ms. Koo Wei Jia ("Ms. Koo") who has resigned. Following the aforesaid changes, Mr. Tong will act jointly with Ms. Sin Chee Mei as the Joint Secretaries of the Company. Annonce • Apr 16
Advancer Global Limited, Annual General Meeting, Apr 30, 2024 Advancer Global Limited, Annual General Meeting, Apr 30, 2024, at 10:00 Singapore Standard Time. Location: 35 Jurong Gateway Road, #06-317, Singapore 600135 Singapore Singapore Agenda: To seek shareholders' approval for the proposed renewal of the share buy-back mandate. New Risk • Feb 26
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: Major Risks Shares are highly illiquid. Earnings have declined by 59% per year over the past 5 years. 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$24.1m market cap, or US$17.9m). Reported Earnings • Aug 14
First half 2023 earnings released: S$0.006 loss per share (vs S$0.001 profit in 1H 2022) First half 2023 results: S$0.006 loss per share (down from S$0.001 profit in 1H 2022). Revenue: S$31.4m (flat on 1H 2022). Net loss: S$1.60m (down S$1.85m from profit in 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance. Annonce • Jun 01
Advancer Global Limited Announces Appointment of Lim Chong Huat as Non-Executive Independent Director and Changes in Composition of the Board and Board Committees, Effective from June 1, 2023 Advancer Global Limited announced the appointment of Lim Chong Huat as Non-Executive Independent Director. Mr. Lim will also be appointed as Chairman of Audit Committee and a member of Remuneration Committee of the Company. Role And Responsibilities: Working Experience: 1997 to now: Sole-proprietor, Everich Management Services 2016 to now: Director, Coseclinic Services Pte Ltd. 2002 to now: Sole-proprietor, Lim CH & Associates 2008 to now: Partner, Milant & Associates LLP 2019 to now: Non-Executive Independent Director, Samurai 2K Aerosol Limited 2020 to now: Director, Matrix Audit Alliance PAC. Other Director Ships Past: G & H Online Pte Ltd. Kouso Bio Trading Pte Ltd. Vegetarian Delivery Wealthy Eight Pte Ltd. H2 & ML Jason Pte Ltd. IJIM Bruxism Care Pte Ltd. Bizwiz Advisors Pte Ltd. Healthy Care International Pte Ltd. Other Director Ships Present: Coseclinic (East) Pte Ltd. Coseclinic Ebiz Pte Ltd. De Northstar Pte Ltd. Coseclinic Services Pte Ltd. Everich Management Services One-Stop Business Centre Group Lim CH & Associates Matrix Audit Alliance PAC Milant & Associates LLP Origin Mart Pte Ltd. D'llesell Samurai 2K Aerosol Limited. Appointment date: June 1, 2023. Following the appointment, the composition of the Board and Board Committees shall be as follows with effect from 1 June 2023: Board of Directors: Mr. Lim Teck Chai, Danny - Independent Non-Executive Chairman; Mr. Chin Mei Yang - Chief Executive Officer and Executive Director; Mr. Chin Mui Hiong - Executive Director; Mr. Ong Eng Tiang - Executive Director; Mr. Shamsul Kamar Bin Mohamed Razali - Independent Non-Executive Director; Mr. Lim Chong Huat - Independent Non-Executive Director; Mr. Takehito Hirano - Non-Independent Non-Executive Director. Audit Committee: Mr. Lim Chong Huat - Chairman; Mr. Lim Teck Chai, Danny - Member; and Mr. Shamsul Kamar Bin Mohamed Razali - Member. Remuneration Committee: Mr. Lim Teck Chai, Danny - Chairman; Mr. Shamsul Kamar Bin Mohamed Razali - Member and Mr. Lim Chong Huat - Member. Nominating Committee: Mr. Shamsul Kamar Bin Mohamed Razali - Chairman; Mr. Lim Teck Chai, Danny - Member; and Mr. Chin Mei Yang - Member. Board Change • May 03
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Shamsul Bin Mohamed Razali 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. Reported Earnings • Apr 14
Full year 2022 earnings released: S$0.018 loss per share (vs S$0.016 loss in FY 2021) Full year 2022 results: S$0.018 loss per share (further deteriorated from S$0.016 loss in FY 2021). Revenue: S$63.1m (up 4.9% from FY 2021). Net loss: S$4.42m (loss widened 9.3% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Board Change • Mar 31
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Shamsul Bin Mohamed Razali 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. Board Change • Mar 15
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Shamsul Bin Mohamed Razali 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. Reported Earnings • Mar 02
Full year 2022 earnings released: S$0.018 loss per share (vs S$0.016 loss in FY 2021) Full year 2022 results: S$0.018 loss per share (further deteriorated from S$0.016 loss in FY 2021). Revenue: S$63.1m (up 4.9% from FY 2021). Net loss: S$4.42m (loss widened 9.3% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Board Change • Feb 03
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Shamsul Bin Mohamed Razali 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. Board Change • Jan 03
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Shamsul Bin Mohamed Razali 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. Annonce • Sep 01
Advancer Global Limited Appoints Tan Aik Lye Brian as Deputy Chief Operating Officer Advancer Global Limited announced Appointment of Tan Aik Lye Brian as Deputy Chief Operating Officer. Working Experience 2022 - current: Deputy Chief Operating Officer, Advancer Global Limited 2018 - current: Director, Group Human Resources and Corporate Affairs, Advancer Global Limited 2018 - current: Director, Nation Human Resources Pte Ltd. 2018 - current: Director, Fullcast International Co. Ltd. 2015 - 2018: Senior Assistant Director, Foreign Manpower Unit, Workplace Policy and Strategy Division Ministry of Manpower ("MOM") 2011 - 2015: Area Director, South Asia and Middle East, Contact Singapore, MOM 2008 - 2011: Senior Manager, Foreign Workforce Policy Department, Manpower Planning and Policy Division, MOM. Role And Responsibilities Executive. Mr. Brian Tan will report to the Chief Executive Officer ("CEO") and is responsible for: (i) overseeing day-to-day administrative and operational functions of the Group's businesses; (ii) designing and implementing business operations to improve productivity and efficiency; (iii) setting comprehensive goals for performance and growth and evaluating the performance by analyzing and interpreting data and metrics; (iv) establishing policies that promote company culture and vision; (v) participating in expansion activities (e.g. investments, acquisitions, etc.); and (vi) assisting the CEO in any other matters. Professional Qualifications are Master of Social Sciences, Faculty of Arts and Social Sciences, National University of Singapore Bachelor of Social Sciences, Faculty of Arts and Social Sciences, National University of Singapore. Reported Earnings • Apr 15
Full year 2021 earnings released: S$0.016 loss per share (vs S$0.018 profit in FY 2020) Full year 2021 results: S$0.016 loss per share (down from S$0.018 profit in FY 2020). Revenue: S$60.1m (up 6.6% from FY 2020). Net loss: S$4.05m (down 189% from profit in FY 2020). 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 11% per year, which means it has not declined as severely as earnings. Annonce • Apr 14
Advancer Global Limited, Annual General Meeting, Apr 29, 2022 Advancer Global Limited, Annual General Meeting, Apr 29, 2022, at 15:00 Singapore Standard Time. Agenda: Adoption of Audited Financial Statements for the financial year ended 31 December 2021 together with the Directors' Statement and the Independent Auditors' Report; to Re-elect 4 Directors; to approve payment of Directors' fees of S$148,000 for the financial year ending 31 December 2022, payable quarterly in arrears; to re-appoint Mazars LLP as auditors and authority to fix their remuneration; to discuss the Authority to allot and issue shares and convertible securities; to discuss the Authority to allot and issue shares under Advancer Global Limited Scrip Dividend Scheme to discuss the Authority to allot and issue shares under Advancer Global Employee Share Option Scheme; to discuss the Authority to grant awards and allot and issue shares under Advancer Global Performance Share Plan; and to discuss other matters. Reported Earnings • Mar 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: S$0.016 loss per share (down from S$0.018 profit in FY 2020). Revenue: S$60.1m (up 6.6% from FY 2020). Net loss: S$4.05m (down 189% from profit in FY 2020). Revenue was in line with analyst estimates. 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 7% per year, which means it has not declined as severely as earnings. Annonce • Mar 01
Advancer Global Limited Announces Changes to the Composition of the Nominating Committee The Board of Directors of Advancer Global Limited announced that Mr. Shamsul Kamar Bin Mohamed Razali, an Independent Non-Executive Director of the Company will be appointed as Chairman of the Nominating Committee of the Company with effect from 1 March 2022 in place of Mr. Lim Teck Chai, Danny who remains as a member of the NC. Annonce • Feb 25
Advancer Global Limited Provides Earnings Guidance for Financial Year Ended 31 December 2021 Advancer Global Limited provided earnings guidance for financial year ended 31 December 2021. The Group is expected to report a net loss for year 2021 as compared to a net profit for the financial year ended 31 December 2020. Executive Departure • May 04
Independent Non-Executive Director has left the company On the 29th of April, Vincent Leow's tenure as Independent Non-Executive Director ended after 4.9 years in the role. We don't have any record of a personal shareholding under Vincent's name. A total of 2 executives have left over the last 12 months. Annonce • Apr 30
Advancer Global Limited Approves the Payment of Final Dividend Per Ordinary Share for the Financial Year Ended 31 December 2020 Advancer Global Limited approved the payment of final one- tier tax exempt dividend of 0.79 Singapore cent per ordinary share for the financial year ended 31 December 2020. Reported Earnings • Mar 02
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: S$56.4m (down 21% from FY 2019). Net income: S$4.53m (up S$4.05m from FY 2019). Profit margin: 8.0% (up from 0.7% in FY 2019). The increase in margin was driven by lower expenses. 
