Reported Earnings • Feb 18
First half 2026 earnings released: HK$0.13 loss per share (vs HK$0.05 profit in 1H 2025) First half 2026 results: HK$0.13 loss per share (down from HK$0.05 profit in 1H 2025). Revenue: HK$1.20b (up 14% from 1H 2025). Net loss: HK$29.0m (down 369% from profit in 1H 2025). Over the last 3 years on average, earnings per share has fallen by 58% 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. New Risk • Feb 16
New major risk - Revenue and earnings growth Earnings have declined by 14% 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 14% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (S$56.2m market cap, or US$44.6m). Annonce • Jan 31
Karin Technology Holdings Limited Provides Group Earnings Guidance for the Six Months Ended 31 December 2025 Karin Technology Holdings Limited provided group earnings guidance for the six months ended 31 December 2025. For the period, Following a reassessment of the classification of one of the Group's principal assets, Karin Building, which was previously classified as an asset held for sale, the Group now intends to reclassify the Karin Building back to `property, plant and equipment' in the unaudited financial statements. The accounting reclassification will be made in accordance with the requirements of IFRS 5 due mainly to ongoing market conditions affecting the sale price and the timeline for its disposal. In this connection, as depreciation of the Karin Building was suspended during the period it was classified as an asset held for sale, the Group is now required to recognise significant catch-up depreciation for that prior period, and to resume depreciation going forward. These are non-cash accounting adjustments and do not affect the Group's cash position, liquidity, or core business operations. Consequently, the Board expects the Group to report a net loss, in contrast to a net profit in the corresponding period of the previous financial year. Had this one-time, non-cash accounting adjustments relating to the catch-up depreciation been disregarded, the Group would have recorded a net profit for the six months ended 31 December 2025. Annonce • Jan 13
Karin Technology Holdings Limited to Report First Half, 2026 Results on Feb 13, 2026 Karin Technology Holdings Limited announced that they will report first half, 2026 results on Feb 13, 2026 Upcoming Dividend • Oct 28
Upcoming dividend of HK$0.039 per share Eligible shareholders must have bought the stock before 04 November 2025. Payment date: 18 November 2025. Payout ratio is on the higher end at 99%, however this is supported by cash flows. Trailing yield: 5.4%. Within top quartile of Singaporean dividend payers (5.3%). In line with average of industry peers (5.7%). Reported Earnings • Oct 12
Full year 2025 earnings released: EPS: HK$0.089 (vs HK$0.088 in FY 2024) Full year 2025 results: EPS: HK$0.089 (up from HK$0.088 in FY 2024). Revenue: HK$1.93b (down 12% from FY 2024). Net income: HK$19.2m (flat on FY 2024). Profit margin: 1.0% (up from 0.9% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Annonce • Oct 10
Karin Technology Holdings Limited, Annual General Meeting, Oct 28, 2025 Karin Technology Holdings Limited, Annual General Meeting, Oct 28, 2025, at 10:00 Singapore Standard Time. Location: empress ballroom 3, level 2, carlton hotel singapore, 76 bras basah road, singapore 189558, Singapore Declared Dividend • Sep 03
Final dividend of HK$0.039 announced Shareholders will receive a dividend of HK$0.039. Ex-date: 4th November 2025 Payment date: 18th November 2025 Dividend yield will be 18%, which is higher than the industry average of 5.6%. Sustainability & Growth Dividend is not adequately covered by earnings (99% earnings payout ratio). However, it is well covered by cash flows (23% 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 10% to bring the payout ratio under control, which is less than the 32% EPS growth achieved over the last 5 years. New Risk • Sep 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% 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 Dividend is not well covered by earnings (99% payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (S$63.8m market cap, or US$49.6m). Annonce • Sep 01
Karin Technology Holdings Limited Announces Board and Board Committees Changes, Effective from 1 September 2025 The Board of Directors of Karin Technology Holdings Limited (Company) announced the appointment of Mr. Share Wai Chiu, Victor as Independent Director of the company with effect from 1 September 2025. Job Title: Independent Director, Member of Audit and Risk Management Committee, Nominating Committee and Remuneration Committee. Working Experience: RankEZ (Hong Kong) Limited Honorary Advisor (June 2025 to Present) Macroview Telecom Group (Founded in 1991) Co-Founder & Chief Executive Officer (1991 to 2022). Director Experience Details: Mr. Share Wai Chiu, Victor will attend training organized by a training provider as specified in Schedule 1 to Practice Note 4D of the Listing Manual. Professional Qualifications: Postgraduate Diploma in Business Information Technology from City Polytechnic of Hong Kong Master of Business Administration (MBA) and Bachelor of Science (BSc), Major in Physics from The Chinese University of Hong Kong. The company announced the cessation of Ms. Yan Yuk Ping, Juni as a member of Nominating Committee. Following the aforementioned changes, composition of the respective Board Committees are as follows: Audit and Risk Management Committee: Kuan Cheng Tuck (Chairman) Non-Executive and Independent Director, Lo Kim Seng Non-Executive and Independent Director, Share Wai Chiu, Victor Non-Executive and Independent Director. Remuneration Committee: Lo Kim Seng (Chairman) Non-Executive and Independent Director, Kuan Cheng Tuck Non-Executive and Independent Director, Share Wai Chiu, Victor Non-Executive and Independent Director. Nominating Committee: Lo Kim Seng (Chairman) Non-Executive and Independent Director, Kuan Cheng Tuck Non-Executive and Independent Director, Share Wai Chiu, Victor Non-Executive and Independent Director. Reported Earnings • Aug 31
Full year 2025 earnings released Full year 2025 results: Revenue: HK$1.93b (down 12% from FY 2024). Net income: HK$19.2m (flat on FY 2024). Profit margin: 1.0% (up from 0.9% in FY 2024). The increase in margin was driven by lower expenses. Annonce • Jun 30
Karin Technology Holdings Limited Announces Change in Designation of Lee Yiu Chung, Eugene from Chief Operating Officer to Senior Strategic Director, Effect from 1 July 2025 Karin Technology Holdings Limited announced that the Board of Directors of the company announced the step-down of Mr. Lee Yiu Chung, Eugene, ("Mr. Eugene Lee") from Chief Operating Officer and the re-designation to Senior Strategic Director of the Company with effect from 1 July 2025. Role And Responsibilities: Executive. Mr. Eugene Lee will assume the role of Senior Strategic Director, tasked with providing strategic advisory support and assisting to oversee the sales function of the Company, leveraging his extensive expertise to drive key initiatives. Job Title: Senior Strategic Director. Working Experience: January 2003 to June 2020 Executive Director and Chief Operating Officer of the Company July 2020 to June 2025 Chief Operating Officer of the Company
Professional Qualifications: Bachelor of Science degree from the Chinese University of Hong Kong Master of Science degree in Finance from the Chinese University of Hong Kong. Board Change • May 06
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. Non-Executive & Independent Director Kim Seng Lo was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Mar 03
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 8.1% 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 Dividend is not well covered by earnings (100% payout ratio). Share price has been volatile over the past 3 months (8.1% average weekly change). Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (S$57.3m market cap, or US$42.5m). Declared Dividend • Feb 16
First half dividend of HK$0.049 announced Shareholders will receive a dividend of HK$0.049. Ex-date: 25th February 2025 Payment date: 13th March 2025 Dividend yield will be 77%, which is higher than the industry average of 5.6%. Sustainability & Growth Dividend is not covered by earnings (100% earnings payout ratio). However, it is well covered by cash flows (21% 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 11% to bring the payout ratio under control. However, EPS has declined by 6.6% over the last 5 years so the company would need to reverse this trend. Annonce • Feb 14
Karin Technology Holdings Limited Proposes Interim Dividend for the Year Ending June 30, 2025, Payable on March 13, 2025 Karin Technology Holdings Limited proposed interim dividend of 4.9 Hong Kong cents per ordinary share for the financial year ending 30 June 2025. Duly completed registrable transfers in respect of the shares in the Company received up to 5:00 p.m. on 26 February 2025 ("Record Date") by the Company's Singapore Share Transfer Agent, Tricor Barbinder Share Registration Services (a division of Tricor Singapore Pte. Ltd.), 9 Raffles Place, #26-01 Republic Plaza, Singapore 048619 will be registered to determine Members' entitlements to the Interim Dividend. Members whose Securities Accounts with The Central Depository (Pte) Limited are credited with shares in the Company as at 5:00 p.m. on the Record Date will be entitled to the Interim Dividend. The Interim Dividend will be paid on 13 March 2025. Annonce • Dec 31
Karin Technology Holdings Limited Announces Retirement of Mr. Chong Shi Fan, Stephen as Strategic Officer Karin Technology Holdings Limited announced the retirement of Mr. Chong Shi Fan, Stephen ("Mr. Stephen") as Strategic Officer of Industrial and Energy Solutions Division effective 31 December 2024. The previous functions and duties of Mr. Stephen will be overseen by a Sales Manager of Industrial and Energy Solutions Division. Annonce • Nov 29
Karin Technology Holdings Limited Approves Final Dividend for the Financial Year Ended 30 June 2024, Payable on 20 November 2024 Karin Technology Holdings Limited announced that at its AGM held on 30 October 2024, the shareholders approved final dividend of 3.88 HK cents per ordinary share for the financial year ended 30 June 2024. The final dividend paid on 20 November 2024, to members registered in the Register of Members at the close of business on 7 November 2024. Board Change • Nov 04
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. Non-Executive Independent Director Juni Yan 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. Upcoming Dividend • Oct 30
Upcoming dividend of HK$0.039 per share Eligible shareholders must have bought the stock before 06 November 2024. Payment date: 20 November 2024. Payout ratio is on the higher end at 100%, however this is supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Singaporean dividend payers (6.0%). Lower than average of industry peers (6.4%). Reported Earnings • Oct 17
Full year 2024 earnings released: EPS: HK$0.088 (vs HK$0.22 in FY 2023) Full year 2024 results: EPS: HK$0.088 (down from HK$0.22 in FY 2023). Revenue: HK$2.20b (up 8.0% from FY 2023). Net income: HK$19.0m (down 60% from FY 2023). Profit margin: 0.9% (down from 2.3% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Annonce • Oct 15
Karin Technology Holdings Limited, Annual General Meeting, Oct 30, 2024 Karin Technology Holdings Limited, Annual General Meeting, Oct 30, 2024, at 10:00 Singapore Standard Time. Location: level 2, carlton hotel singapore, 76 bras basah road, singapore 189558, Singapore Reported Earnings • Sep 02
Full year 2024 earnings released: EPS: HK$0.088 (vs HK$0.22 in FY 2023) Full year 2024 results: EPS: HK$0.088 (down from HK$0.22 in FY 2023). Revenue: HK$2.20b (up 8.0% from FY 2023). Net income: HK$19.0m (down 60% from FY 2023). Profit margin: 0.9% (down from 2.3% in FY 2023). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 2% per year. Declared Dividend • Aug 31
First half dividend of HK$0.039 announced Shareholders will receive a dividend of HK$0.039. Ex-date: 25th October 2024 Payment date: 14th November 2024 Dividend yield will be 14%, which is higher than the industry average of 5.6%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio). However, it is well covered by cash flows (43% cash payout ratio). The dividend has increased by an average of 3.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 3.0% to bring the payout ratio under control, which is less than the 4.7% EPS growth achieved over the last 5 years. Annonce • Aug 29
Karin Technology Holdings Limited Proposes Final Dividend for the Financial Year Ended 30 June 2024, Payable on 14 November 2024 Karin Technology Holdings Limited announced that subject to members' approval to the proposed final dividend at the forthcoming Annual General Meeting, the Register of Members and Share Transfer Books of Company will be closed on 29 October 2024 for the preparation of dividend warrants to the proposed final dividend of 3.88 Hong Kong cents for the financial year ended 30 June 2024 (‘Final Dividend’). Duly completed registrable transfers in respect of the shares in the Company received up to 5:00 p.m. on 28 October 2024 (‘Record Date’). The Proposed Final Dividend will be paid on 14 November 2024. New Risk • Aug 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 December 2023 fiscal period end). Dividend is not well covered by earnings (93% payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (S$70.3m market cap, or US$54.1m). Annonce • Aug 01
Karin Technology Holdings Limited to Report Fiscal Year 2024 Results on Aug 28, 2024 Karin Technology Holdings Limited announced that they will report fiscal year 2024 results at 5:00 PM, Singapore Standard Time on Aug 28, 2024 Buy Or Sell Opportunity • Jun 03
Now 20% undervalued Over the last 90 days, the stock has risen 3.2% to S$0.32. The fair value is estimated to be S$0.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has grown by 30%. Buy Or Sell Opportunity • Apr 12
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.2% to S$0.30. The fair value is estimated to be S$0.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has grown by 30%. Buy Or Sell Opportunity • Mar 01
Now 22% undervalued Over the last 90 days, the stock has risen 3.3% to S$0.31. The fair value is estimated to be S$0.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has grown by 30%. Annonce • Feb 29
Karin Technology Holdings Limited Announces Board and Committee Changes Karin Technology Holdings Limited announced that Mr. Lim Yew Kong, John has resigned as a Director of the Company with effect from 29 February 2024. Accordingly, Mr. Lim Yew Kong, John ceased as Chairman of the Remuneration Committee and a member of the Audit and Risk Management Committee and Nominating Committee. Ms Juni Yan Yuk Ping has been appointed as Chairman of the Remuneration Committee of the Company with effect from 29 February 2024. Following the aforementioned changes, the composition of the Board Committees and Board of Directors effective 29 February 2024 are as follows: - Audit and Risk Management Committee: Kuan Cheng Tuck (Chairman) Independent Director, Lawrence Kwan Independent Director, Juni Yan Yuk Ping Independent Director; Remuneration Committee: Juni Yan Yuk Ping (Chairman) Independent Director, Kuan Cheng Tuck Independent Director, Lawrence Kwan Independent Director; Nominating Committee Lawrence Kwan (Chairman) Independent Director, Kuan Cheng Tuck Independent Director, Juni Yan Yuk Ping Independent Director. Board of Directors: Ng Kin Wing, Raymond Executive Director/Executive Chairman, Ng Mun Kit, Michael Executive Director/Chief Executive Officer, Ng Yuk Wing, Philip Executive Director/Chairman Emeritus, Lawrence Kwan - Non-Executive Director and Independent, Kuan Cheng Tuck - Non-Executive Director and Independent, Juni Yan Yuk Ping - Non-Executive Director and Independent. New Risk • Feb 24
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 8.2% 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 Dividend is not well covered by earnings (93% payout ratio). Share price has been volatile over the past 3 months (8.2% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (S$71.4m market cap, or US$53.2m). Upcoming Dividend • Feb 20
Upcoming dividend of HK$0.049 per share Eligible shareholders must have bought the stock before 27 February 2024. Payment date: 14 March 2024. Payout ratio is on the higher end at 93%, however this is supported by cash flows. Trailing yield: 12%. Within top quartile of Singaporean dividend payers (6.5%). Higher than average of industry peers (5.6%). Reported Earnings • Feb 11
First half 2024 earnings released: EPS: HK$0.05 (vs HK$0.053 in 1H 2023) First half 2024 results: EPS: HK$0.05 (down from HK$0.053 in 1H 2023). Revenue: HK$1.17b (flat on 1H 2023). Net income: HK$10.8m (down 4.7% from 1H 2023). Profit margin: 0.9% (down from 1.0% in 1H 2023). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Declared Dividend • Feb 11
First half dividend of HK$0.049 announced Shareholders will receive a dividend of HK$0.049. Ex-date: 27th February 2024 Payment date: 14th March 2024 Dividend yield will be 23%, which is higher than the industry average of 5.6%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio). However, it is well covered by cash flows (43% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 3.0% to bring the payout ratio under control, which is less than the 4.7% EPS growth achieved over the last 5 years. Annonce • Feb 09
Karin Technology Holdings Limited Announces Interim Dividend for the Financial Year Ending 30 June 2024, Payable on 14 March 2024 Karin Technology Holdings Limited will be closed on 29 February 2024, for the preparation of dividend warrants to the proposed interim dividend of HKD 4.9 cents per ordinary share for the financial year ending 30 June 2024 ("Interim Dividend"). Members whose Securities Accounts with The Central Depository (Pte) Limited are credited with shares in the Company as at 5:00 p.m. on the Record Date will be entitled to the Interim Dividend. The Interim Dividend will be paid on 14 March 2024. Buy Or Sell Opportunity • Feb 01
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to S$0.35. The fair value is estimated to be S$0.29, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has grown by 41%. Annonce • Jan 09
Karin Technology Holdings Limited to Report First Half, 2024 Results on Feb 08, 2024 Karin Technology Holdings Limited announced that they will report first half, 2024 results on Feb 08, 2024 Annonce • Dec 15
Karin Technology Holdings Limited Appoints Juni Yan Yuk Ping as A Member of the Audit and Risk Management Committee, Nominating Committee and Remuneration Committee The Board of Directors of Karin Technology Holdings Limited ("the Company") announced the appointment of Ms. Juni Yan Yuk Ping ["Ms. Juni Yan"] as a member of the Audit and Risk Management Committee, Nominating Committee and Remuneration Committee of the Company effective from 15 December 2023. Following the aforementioned, composition of the Board Committees are as follows: Audit Committee: Kuan Cheng Tick (Chairman) Independent Director; Lim Yew Kong, John Independent Director; Lawrence Kwan Independent Director; Juni Yan Yuk Ping Independent Director. Remuneration Committee: Lim Yew Kong, John (Chairman) Independent Director; Kuan Cheng Tuck Independent Director; Lawrence Kwan Independent Director; Juni Yan Yuk Ping Independent Director. Nominating Committee: Lawrence Kwan (Chairman) Independent Director; Lim Yew Kong, John Independent Director; Kuan Cheng Tuck Independent Director; Juni Yan Yuk Ping Independent Director. Annonce • Dec 02
Karin Technology Holdings Limited Announces Management Changes The Board of Directors of Karin Technology Holdings Limited to announced the following changes in the roles and responsibilities of the following senior management personnel of the Group: Retirement of Mr. Mok Pui Wah, Kenneth as General Manager of Electronic Components Division on 29 November 2023 and he has been appointed as Strategic Consultant effective 15 December 2023. Mr. Chong Shi Fan, Stephen, General Manager of Industrial Materials & Instrumentation Division relinquished his existing position and is appointed as Strategic Officer on 1 December 2023 to focus on developing businesses in power and energy solutions in the Group. The immediate previous functions and duties of Mr. Kenneth Mok and Mr. Stephen Chong are assumed by Mr. Cheng Pak Cheong, Ray, a General Manager of IC Application Design Division effective 1 December 2023. Following the changes, Mr. Kenneth Mok is no longer considered an "executive officer" of the Group pursuant to the SGX-ST Listing Rules. For the avoidance of doubt, both Mr. Stephen Chong and Mr. Ray Cheng are still considered "executive officers" of the Group. Annonce • Oct 27
Karin Technology Holdings Limited Approves Final Dividend for the Financial Year Ended 30 June 2023 Karin Technology Holdings Limited announced that at its AGM held on 26 October 2023, approved a final dividend of 15.0 HK cents per ordinary share for the financial year ended 30 June 2023. Upcoming Dividend • Oct 20
Upcoming dividend of HK$0.15 per share at 10% yield Eligible shareholders must have bought the stock before 27 October 2023. Payment date: 16 November 2023. Payout ratio and cash payout ratio are on the higher end at 93% and 90% respectively. Trailing yield: 10%. Within top quartile of Singaporean dividend payers (6.7%). Higher than average of industry peers (6.2%). Annonce • Oct 11
Karin Technology Holdings Limited, Annual General Meeting, Oct 26, 2023 Karin Technology Holdings Limited, Annual General Meeting, Oct 26, 2023, at 10:00 Singapore Standard Time. Location: Anson II, Level 2, M Hotel Singapore, 81 Anson Road, Singapore 079908 Singapore Singapore Agenda: To receive and adopt the Audited Financial Statements of the Company for the financial year ended 30 June 2023 together with the Directors' Report and the Auditor's Report thereon; to approve a final dividend of HK15.0 cents per ordinary share for the financial year ended 30 June 2023; to approve Directors' Fees of HK$861,000 for the financial year ended 30 June 2023; to re-elect Mr. Lawrence Kwan, a director who is retiring pursuant to Bye-law 86 of the Company's Bye-laws and, being eligible, offer himself for re-election; to re-appoint Messrs. Ernst & Young LLP as the Auditors of the Company and to authorize the Directors of the Company to fix their remuneration. New Risk • Sep 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 115% 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 Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 162% Cash payout ratio: 90% Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (S$68.1m market cap, or US$50.3m). Annonce • Aug 30
Karin Technology Holdings Limited Proposes Final Dividend for the Financial Year Ended 30 June 2023, Payable on 16 November 2023 Karin Technology Holdings Limited subject to members' approval to the proposed final dividend at the forthcoming Annual General Meeting, the Register of Members and Share Transfer Books of Karin Technology Holdings Limited (the Company) will be closed on 31 October 2023 for the preparation of dividend warrants to the proposed final dividend of 15.0 HongKong cents for the financial year ended 30 June 2023 (Final Dividend). Duly completed registrable transfers in respect of the shares in the Company received up to 5:00 p.m. on 30 October 2023 (Record Date) by the Company's Singapore Share Transfer Agent, Tricor Barbinder Share Registration Services (a division of Tricor Singapore Pte. Ltd.), 80 Robinson Road, #02-00 Singapore 068898 will be registered to determine Members' entitlements to the Final Dividend. Members whose Securities Accounts with The Central Depository (Pte) Limited are credited with shares in the Company as at 5:00 p.m. on the Record Date will be entitled to the Final Dividend. The Proposed Final Dividend will be paid on 16 November 2023. Reported Earnings • Aug 30
Full year 2023 earnings released Full year 2023 results: Revenue: HK$2.04b (up 2.4% from FY 2022). Net income: HK$47.0m (up 130% from FY 2022). Profit margin: 2.3% (up from 1.0% in FY 2022). The increase in margin was driven by higher revenue. New Risk • Aug 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 162% Paying a dividend despite having no free cash flows. Earnings have declined by 5.2% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). Market cap is less than US$100m (S$66.0m market cap, or US$48.6m). Upcoming Dividend • Feb 21
Upcoming dividend of HK$0.052 per share at 8.2% yield Eligible shareholders must have bought the stock before 28 February 2023. Payment date: 16 March 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 8.2%. Within top quartile of Singaporean dividend payers (6.2%). Higher than average of industry peers (4.6%). Reported Earnings • Feb 15
First half 2023 earnings released: EPS: HK$0.053 (vs HK$0.043 in 1H 2022) First half 2023 results: EPS: HK$0.053 (up from HK$0.043 in 1H 2022). Revenue: HK$1.16b (up 6.6% from 1H 2022). Net income: HK$11.3m (up 23% from 1H 2022). Profit margin: 1.0% (up from 0.8% in 1H 2022). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Annonce • Feb 15
Karin Technology Holdings Limited Proposes Interim Dividend for the Financial Year Ending 30 June 2023, Payable on 16 March 2023 Karin Technology Holdings Limited announced that the register of members and share transfer books of the company will be closed on 2 March 2023, for the preparation of dividend warrants to the proposed interim dividend of Hong Kong 5.2 cents per ordinary share for the financial year ending 30 June 2023 (Interim Dividend). Duly completed registrable transfers in respect of the shares in the Company received up to 1 March 2023 (Record Date) by the Company's Singapore Share Transfer Agent, Tricor Barbinder Share Registration Services will be registered to determine Members' entitlements to the Interim Dividend. Members whose Securities Accounts with The Central Depository (Pte) Limited are credited with shares in the Company as on the Record Date will be entitled to the Interim Dividend. The Interim Dividend will be paid on 16 March 2023. Annonce • Jan 19
Karin Technology Holdings Limited to Report First Half, 2023 Results on Feb 14, 2023 Karin Technology Holdings Limited announced that they will report first half, 2023 results on Feb 14, 2023 Annonce • Nov 26
Karin Technology Holdings Limited Approves Final Dividend for the Financial Year Ended 30 June 2022, Payable on 17 November 2022 Karin Technology Holdings Limited approved final dividend of HK 11.8 cents per ordinary share for the financial year ended 30 June 2022, payable on 17 November 2022 at its annual general meeting held on 27 October 2022. Annonce • Nov 03
Karin Technology Holdings Limited Declares Final Dividend, Payable on November 17, 2022 NOTICE IS HEREBY GIVEN that, subject to members' approval to the proposed final dividend at the forthcoming Annual General Meeting, the Register of Members and Share Transfer Books of Karin Technology Holdings Limited (the "Company") will be closed on 1 November 2022 for the preparation of dividend warrants to the proposed final dividend of HK 11.8 cents for the financial year ended 30 June 2022 ("Final Dividend"). Duly completed registrable transfers in respect of the shares in the Company received up to 5:00 p.m. on 31 October 2022 ("Record Date") by the Company's Singapore Share Transfer Agent, Tricor Barbinder Share Registration Services, 80 Robinson Road, #02-00 Singapore 068898 will be registered to determine Members' entitlements to the Final Dividend. Members whose Securities Accounts with The Central Depository (Pte) Limited are credited with shares in the Company as at 5:00 p.m. on the Record Date will be entitled to the Final Dividend. The Proposed Final Dividend will be paid on 17 November 2022. Upcoming Dividend • Oct 21
Upcoming dividend of HK$0.12 per share Eligible shareholders must have bought the stock before 28 October 2022. Payment date: 17 November 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 9.0%. Within top quartile of Singaporean dividend payers (6.8%). Higher than average of industry peers (5.1%). Reported Earnings • Oct 13
Full year 2022 earnings released: EPS: HK$0.095 (vs HK$0.15 in FY 2021) Full year 2022 results: EPS: HK$0.095 (down from HK$0.15 in FY 2021). Revenue: HK$1.99b (up 6.2% from FY 2021). Net income: HK$20.4m (down 37% from FY 2021). Profit margin: 1.0% (down from 1.7% in FY 2021). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Annonce • Oct 12
Karin Technology Holdings Limited, Annual General Meeting, Oct 27, 2022 Karin Technology Holdings Limited, Annual General Meeting, Oct 27, 2022, at 10:00 Singapore Standard Time. Agenda: To receive and adopt the Audited Financial Statements of the Company for the financial year ended 30 June 2022 together with the Directors' Report and the Auditor's Report thereon; to approve a final dividend of HK11.8 cents per ordinary share for the financial year ended 30 June 2022; to approve Directors' Fees of HK$860,000 for the financial year ended 30 June 2022; to re-elect Mr. Kuan Cheng Tuck, a director who is retiring pursuant to Bye-law 86 of the Company's Bye-laws and, being eligible, offer himself for re-election; and to discuss other related matters. Reported Earnings • Aug 31
Full year 2022 earnings released Full year 2022 results: Revenue: HK$1.99b (up 6.2% from FY 2021). Net income: HK$20.4m (down 37% from FY 2021). Profit margin: 1.0% (down from 1.7% in FY 2021). The decrease in margin was driven by higher expenses. Annonce • Aug 30
Karin Technology Holdings Limited Proposes Final Dividend for the Financial Year Ended 30 June 2022, Payable on 17 November 2022 Karin Technology Holdings Limited announced that, subject to members' approval to the proposed final dividend at the upcoming Annual General Meeting, the Register of Members and Share Transfer Books of Karin Technology Holdings Limited will be closed on 1 November 2022 for the preparation of dividend warrants to the proposed final dividend of 11.8 HK cents for the financial year ended 30 June 2022. Duly completed registrable transfers in respect of the shares in the Company received up to 5:00 p.m. on 31 October 2022 (Record Date) by the Company's Singapore Share Transfer Agent, Tricor Barbinder Share Registration Services, 80 Robinson Road, #02-00 Singapore 068898 will be registered to determine Members' entitlements to the Final Dividend. Members whose Securities Accounts with The Central Depository (Pte) Limited are credited with shares in the Company as at 5:00 p.m. on the Record Date will be entitled to the Final Dividend. The Proposed Final Dividend will be paid on 17 November 2022. Upcoming Dividend • Feb 22
Upcoming dividend of HK$0.13 per share Eligible shareholders must have bought the stock before 01 March 2022. Payment date: 17 March 2022. Payout ratio is on the higher end at 91% but the company is not cash flow positive. Trailing yield: 7.7%. Within top quartile of Singaporean dividend payers (5.7%). Higher than average of industry peers (4.2%). Reported Earnings • Feb 14
First half 2022 earnings: EPS and revenues exceed analyst expectations First half 2022 results: EPS: HK$0.043 (up from HK$0.031 in 1H 2021). Revenue: HK$1.09b (up 11% from 1H 2021). Net income: HK$9.25m (up 38% from 1H 2021). Profit margin: 0.8% (up from 0.7% in 1H 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Annonce • Jan 30
Karin Technology Holdings Limited to Report First Half, 2022 Results on Feb 11, 2022 Karin Technology Holdings Limited announced that they will report first half, 2022 results on Feb 11, 2022 Upcoming Dividend • Oct 22
Upcoming dividend of HK$0.11 per share Eligible shareholders must have bought the stock before 29 October 2021. Payment date: 18 November 2021. Trailing yield: 7.4%. Within top quartile of Singaporean dividend payers (5.2%). Higher than average of industry peers (3.8%). Reported Earnings • Aug 29
Full year 2021 earnings released: EPS HK$0.15 (vs HK$0.022 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: HK$1.88b (up 6.2% from FY 2020). Net income: HK$32.4m (up HK$27.6m from FY 2020). Profit margin: 1.7% (up from 0.3% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Feb 11
First half 2021 earnings released: EPS HK$0.031 (vs HK$0.028 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: HK$984.6m (down 7.7% from 1H 2020). Net income: HK$6.70m (up 11% from 1H 2020). Profit margin: 0.7% (up from 0.6% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Annonce • Nov 18
Karin Technology Holdings Limited Announces Retirement of Ng Tung Sang as A Director Karin Technology Holdings Limited announced retirement of Prof Ng Tung Sang as a Director pursuant to Bye-law 86 of the Company's Bye-laws. Prof Ng Tung Sang, upon his retirement at the conclusion of the AGM on october 23, 2020, shall cease to be Chairman of Nominating Committee and member of the Audit and Risk Management Committee and Remuneration Committee. Reported Earnings • Oct 09
Full year earnings released - EPS S$0.022 Over the last 12 months the company has reported total profits of HK$4.80m, down 85% from the prior year. Total revenue was HK$1.77b over the last 12 months, down 1.9% from the prior year. Profit margins were 0.3%, which is lower than the 1.8% margin from last year. The decrease in margin was driven by lower revenue. Annonce • Sep 26
Karin Technology Holdings Limited Announces Retirement of Ng Tung Sang as Independent Director, Chairman of Nominating Committee and A Member of Remuneration Committee and Audit and Risk Management Committee Karin Technology Holdings Limited announced that retirement of Ng Tung Sang as Independent Director, Chairman of Nominating Committee and a member of Remuneration Committee and Audit and Risk Management Committee. Prof. Ng Tung Sang is not seeking re-election and will retire as Independent Director of the Company after the conclusion of the AGM as part of board rejuvenation, having served on the Board for more than 9 years. Annonce • Jul 24
Karin Technology Holdings Limited to Report Fiscal Year 2020 Results on Aug 27, 2020 Karin Technology Holdings Limited announced that they will report fiscal year 2020 results on Aug 27, 2020