View Future GrowthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsAF Global 過去の業績過去 基準チェック /26AF Globalは、平均年間44.2%の収益成長を遂げていますが、 Hospitality業界の収益は、年間 成長しています。収益は、平均年間22% 27.8%収益成長率で 成長しています。 AF Globalの自己資本利益率は2.4%であり、純利益率は4.4%です。主要情報44.20%収益成長率44.20%EPS成長率Hospitality 業界の成長-9.48%収益成長率27.76%株主資本利益率2.41%ネット・マージン4.45%前回の決算情報30 Jun 2025最近の業績更新Reported Earnings • Aug 13First half 2025 earnings released: EPS: S$0.001 (vs S$0.002 loss in 1H 2024)First half 2025 results: EPS: S$0.001 (up from S$0.002 loss in 1H 2024). Revenue: S$15.8m (down 1.6% from 1H 2024). Net income: S$1.44m (up S$4.04m from 1H 2024). Profit margin: 9.1% (up from net loss in 1H 2024). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 12Full year 2024 earnings released: S$0.003 loss per share (vs S$0.003 profit in FY 2023)Full year 2024 results: S$0.003 loss per share (down from S$0.003 profit in FY 2023). Revenue: S$31.4m (up 11% from FY 2023). Net loss: S$2.65m (down 200% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 25Full year 2024 earnings released: S$0.002 loss per share (vs S$0.003 profit in FY 2023)Full year 2024 results: S$0.002 loss per share (down from S$0.003 profit in FY 2023). Revenue: S$31.4m (up 11% from FY 2023). Net loss: S$2.65m (down 200% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 12First half 2024 earnings released: S$0.002 loss per share (vs S$0.001 profit in 1H 2023)First half 2024 results: S$0.002 loss per share (down from S$0.001 profit in 1H 2023). Revenue: S$16.0m (up 12% from 1H 2023). Net loss: S$2.60m (down 374% from profit in 1H 2023). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 31AF Global Limited to Report First Half, 2024 Results on Aug 05, 2024AF Global Limited announced that they will report first half, 2024 results on Aug 05, 2024分析記事 • Apr 18There May Be Underlying Issues With The Quality Of AF Global's (SGX:L38) EarningsAF Global Limited's ( SGX:L38 ) robust earnings report didn't manage to move the market for its stock. We did some...すべての更新を表示Recent updatesお知らせ • Apr 16Aspial Corporation Limited (SGX:A30) and Koh Wee Meng completed the acquisition of remaining 20.16% stake in AF Global Limited (SGX:L38).Aspial Corporation Limited (SGX:A30) and Koh Wee Meng entered into an implementation agreement to acquire remaining 20.16% stake in AF Global Limited (SGX:L38) for SGD 23.4 million on October 8, 2025. A cash consideration valued at SGD 0.11 per share will be paid by Aspial Corporation Limited. As at the Joint Announcement Date, Aspial has a direct interest in 440,691,785 Shares, representing 41.75% stake and KWM has a direct interest in 326,265,000 Shares, representing 30.91% stake in AF Global. Based on information available to the Offeror as at the Joint Announcement Date, 75,855,637 Shares representing approximately 7.19% of the total number of Shares are held by persons who are deemed to be “interested persons” (as defined in the listing manual of the SGX-ST) of Aspial. The Related Shareholders are presumed to be concert parties of the Offeror under the Code and will abstain from voting on the Scheme in accordance with the requirements of the Securities Industry Council’s. DBS, as the sole financial adviser to the Offeror, confirms that sufficient financial resources are available to the Offeror to satisfy in full the aggregate Scheme Consideration payable by the Offeror for all the Scheme Shares to be acquired by the Offeror pursuant to the Scheme. The transaction is subject to approval of the Scheme by a majority in number of the Scheme Shareholders representing three-fourths in value of the Scheme Shares held by Scheme Shareholders present and voting either in person or by proxy at the Scheme Meeting, The Offeror and its concert parties, and the common substantial shareholders of the Offeror and the Company will abstain from voting on the Scheme, Court sanction for convening the Scheme Meeting; and (ii) the approval of the Scheme (if approved at the Scheme Meeting). The transaction is expected to complete in first quarter of 2026. As of January 15, 2026, the court has granted approval for the transaction. As of January 15, 2026, AF Global board announced that it has dispatched scheme document to shareholders. Shareholders meeting will be held on February 5, 2026. As of February 4, 2026, AF Global Limited announced the postpone of shareholders meeting from February 5, 2026, to March 10, 2026. As of February 12, 2026, AF Global Limited announced that SGX-ST informed that it has no objection to AF Global Waiver Application. On March 10, 2026, the shareholders of AF Global Limited has approved the transaction. The transaction is now expected to close on or around April 8, 2026. As per the announcement dated March 27, 2026 the court has sanctioned the Scheme. The transaction is now expected to close on April 14, 2026. DBS Bank Ltd. acted as financial advisor for Aspial Corporation and Koh Wee Meng. Xandar Capital Pte. Ltd. acted as financial advisor for AF Global Limited. Evolve Capital Asia acted as financial advisor to directors of Aspial. Venture Law LLC acted as legal advisor for AF Global Limited. Aspial Corporation Limited (SGX:A30) and Koh Wee Meng completed the acquisition of remaining 20.16% stake in AF Global Limited (SGX:L38) on April 15, 2026.New Risk • Feb 24New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (S$116.1m market cap, or US$91.6m).お知らせ • Oct 08Aspial Corporation Limited (SGX:A30) and Koh Wee Meng entered into an implementation agreement to acquire remaining 20.16% stake in AF Global Limited (SGX:L38) for SGD 23.4 million.Aspial Corporation Limited (SGX:A30) and Koh Wee Meng entered into an implementation agreement to acquire remaining 20.16% stake in AF Global Limited (SGX:L38) for SGD 23.4 million on October 8, 2025. A cash consideration valued at SGD 0.11 per share will be paid by Aspial Corporation Limited. As at the Joint Announcement Date, Aspial has a direct interest in 440,691,785 Shares, representing 41.75% stake and KWM has a direct interest in 326,265,000 Shares, representing 30.91% stake in AF Global. Based on information available to the Offeror as at the Joint Announcement Date, 75,855,637 Shares representing approximately 7.19% of the total number of Shares are held by persons who are deemed to be “interested persons” (as defined in the listing manual of the SGX-ST) of Aspial. The Related Shareholders are presumed to be concert parties of the Offeror under the Code and will abstain from voting on the Scheme in accordance with the requirements of the Securities Industry Council’s. DBS, as the sole financial adviser to the Offeror, confirms that sufficient financial resources are available to the Offeror to satisfy in full the aggregate Scheme Consideration payable by the Offeror for all the Scheme Shares to be acquired by the Offeror pursuant to the Scheme. The transaction is subject to approval of the Scheme by a majority in number of the Scheme Shareholders representing three-fourths in value of the Scheme Shares held by Scheme Shareholders present and voting either in person or by proxy at the Scheme Meeting, The Offeror and its concert parties, and the common substantial shareholders of the Offeror and the Company will abstain from voting on the Scheme, Court sanction for convening the Scheme Meeting; and (ii) the approval of the Scheme (if approved at the Scheme Meeting). The transaction is expected to complete in first quarter of 2026. DBS Bank Ltd. acted as financial advisor for Aspial Corporation and Koh Wee Meng. Xandar Capital Pte. Ltd. acted as financial advisor for AF Global Limited.分析記事 • Sep 17Estimating The Fair Value Of AF Global Limited (SGX:L38)Key Insights The projected fair value for AF Global is S$0.10 based on 2 Stage Free Cash Flow to Equity Current share...Buy Or Sell Opportunity • Sep 11Now 24% undervaluedOver the last 90 days, the stock has risen 17% to S$0.076. The fair value is estimated to be S$0.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Meanwhile, the company has become profitable.Buy Or Sell Opportunity • Aug 25Now 21% undervaluedOver the last 90 days, the stock has risen 22% to S$0.079. The fair value is estimated to be S$0.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Meanwhile, the company has become profitable.New Risk • Aug 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 149% 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 Large one-off items impacting financial results. Market cap is less than US$100m (S$77.1m market cap, or US$60.1m).Reported Earnings • Aug 13First half 2025 earnings released: EPS: S$0.001 (vs S$0.002 loss in 1H 2024)First half 2025 results: EPS: S$0.001 (up from S$0.002 loss in 1H 2024). Revenue: S$15.8m (down 1.6% from 1H 2024). Net income: S$1.44m (up S$4.04m from 1H 2024). Profit margin: 9.1% (up from net loss in 1H 2024). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.分析記事 • Jul 22Investors Appear Satisfied With AF Global Limited's (SGX:L38) Prospects As Shares Rocket 27%The AF Global Limited ( SGX:L38 ) share price has done very well over the last month, posting an excellent gain of 27...分析記事 • Jun 24Does AF Global (SGX:L38) Have A Healthy Balance Sheet?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...New Risk • May 02New minor risk - Share price stabilityThe 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 Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (S$81.3m market cap, or US$62.7m).Reported Earnings • Apr 12Full year 2024 earnings released: S$0.003 loss per share (vs S$0.003 profit in FY 2023)Full year 2024 results: S$0.003 loss per share (down from S$0.003 profit in FY 2023). Revenue: S$31.4m (up 11% from FY 2023). Net loss: S$2.65m (down 200% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.お知らせ • Apr 11AF Global Limited, Annual General Meeting, Apr 28, 2025AF Global Limited, Annual General Meeting, Apr 28, 2025, at 09:30 Singapore Standard Time. Location: aspial one, 55 ubi avenue 3 level 1, singapore 408864, SingaporeReported Earnings • Feb 25Full year 2024 earnings released: S$0.002 loss per share (vs S$0.003 profit in FY 2023)Full year 2024 results: S$0.002 loss per share (down from S$0.003 profit in FY 2023). Revenue: S$31.4m (up 11% from FY 2023). Net loss: S$2.65m (down 200% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.New Risk • Feb 22New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (S$75.0m market cap, or US$56.1m).New Risk • Jan 24New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Singaporean stocks, typically moving 12% 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 (12% average weekly change). Minor Risk Market cap is less than US$100m (S$75.0m market cap, or US$55.6m).分析記事 • Nov 01Is AF Global (SGX:L38) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Reported Earnings • Aug 12First half 2024 earnings released: S$0.002 loss per share (vs S$0.001 profit in 1H 2023)First half 2024 results: S$0.002 loss per share (down from S$0.001 profit in 1H 2023). Revenue: S$16.0m (up 12% from 1H 2023). Net loss: S$2.60m (down 374% from profit in 1H 2023). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.New Risk • Aug 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 8.9% 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 (8.9% average weekly change). Market cap is less than US$100m (S$128.8m market cap, or US$97.0m).お知らせ • Jul 31AF Global Limited to Report First Half, 2024 Results on Aug 05, 2024AF Global Limited announced that they will report first half, 2024 results on Aug 05, 2024分析記事 • Jul 29Market Participants Recognise AF Global Limited's (SGX:L38) Revenues Pushing Shares 27% HigherAF Global Limited ( SGX:L38 ) shares have had a really impressive month, gaining 27% after a shaky period beforehand...分析記事 • Apr 18There May Be Underlying Issues With The Quality Of AF Global's (SGX:L38) EarningsAF Global Limited's ( SGX:L38 ) robust earnings report didn't manage to move the market for its stock. We did some...Reported Earnings • Apr 16Full year 2023 earnings released: EPS: S$0.003 (vs S$0.001 loss in FY 2022)Full year 2023 results: EPS: S$0.003 (up from S$0.001 loss in FY 2022). Revenue: S$28.4m (up 75% from FY 2022). Net income: S$2.64m (up S$3.20m from FY 2022). Profit margin: 9.3% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 13AF Global Limited, Annual General Meeting, Apr 29, 2024AF Global Limited, Annual General Meeting, Apr 29, 2024, at 10:00 China Standard Time. Location: Aspial One, 55 Ubi Avenue 3 Level 1 Singapore Agenda: To receive and adopt the Audited Financial Statements of the Company for the financial year ended 31 December 2023, the Directors' statement and the external Auditor's report thereon; to consider directorate reelections; to re-appoint Ernst & Young LLP as the external Auditors of the Company and to authorize the Directors of the Company to fix their remuneration; to approve the authority to allot and issue new Shares and/or Instruments; to approve the renewal of the Share Purchase Mandate; to grant the Directors the authority to issue shares under the AF Global Limited Scrip Dividend Scheme; and to consider other matters.Reported Earnings • Feb 24Full year 2023 earnings released: EPS: S$0.003 (vs S$0.001 loss in FY 2022)Full year 2023 results: EPS: S$0.003 (up from S$0.001 loss in FY 2022). Revenue: S$28.4m (up 75% from FY 2022). Net income: S$2.64m (up S$3.20m from FY 2022). Profit margin: 9.3% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.お知らせ • Jan 31AF Global Limited Appoints Pan Pei Say as Non-Executive and Independent Director, Chairman of the Nominating Committee and A Member of the Audit CommitteeAF Global Limited announced the appointment of Pan Pei Say as Non-Executive and Independent Director, Chairman of the Nominating Committee and A Member of the Audit Committee. Working Experience 1989 to 2017 Sing Investments & Finance Ltd. Senior Vice President, Credit Marketing. Professional Qualifications Diploma in Banking and Finance, the Institute of Banking and Finance Singapore. Reason for director to not undergo training Global Dragon Limited - Independent Director, Chairman of the Remuneration Committee and a member of the Audit Committee and Nominating Committee. CHANGES IN THE COMPOSITIONS OF THE BOARD AND BOARD COMMITTEES Following the foregoing changes, the new composition of the Board and the Board Committees of the Company with effect from 1 February 2024 will be as follows:- Board of Directors Mr. Chay Yue Kai (Executive Director and Chief Executive Officer), Mr. Koh Wee Seng (Non-Executive and Non-Independent Director), Mr. Periakaruppan Aravindan (Non-Executive and Non-Independent Director), Mr. Yeo Kan Kiang Roy (Lead Independent Director), Mr. Yeo Wee Kiong (Independent Director), Ms Pan Pei Say (Independent Director), Audit Committee Mr. Yeo Kan Kiang Roy (Chairman), Mr. Yeo Wee Kiong, Ms Pan Pei Say, Mr. Periakaruppan Aravindan, Nominating Committee, Ms Pan Pei Say (Chairman), Mr. Yeo Kan Kiang Roy, Mr. Koh Wee Seng, Remuneration Committee Mr. Yeo Wee Kiong (Chairman), Mr. Yeo Kan Kiang Roy, Mr. Periakaruppan Aravindan. Working Experience: 1989 to 2017 Sing Investments & Finance Ltd. Senior Vice President, Credit Marketing.分析記事 • Nov 02Return Trends At AF Global (SGX:L38) Aren't AppealingIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Reported Earnings • Aug 14First half 2023 earnings released: EPS: S$0.001 (vs S$0.001 loss in 1H 2022)First half 2023 results: EPS: S$0.001 (up from S$0.001 loss in 1H 2022). Revenue: S$14.4m (up 142% from 1H 2022). Net income: S$948.0k (up S$2.26m from 1H 2022). Profit margin: 6.6% (up from net loss in 1H 2022). The move to profitability was driven by higher revenue. 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 6% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 15Full year 2022 earnings released: S$0.001 loss per share (vs S$0.006 loss in FY 2021)Full year 2022 results: S$0.001 loss per share (improved from S$0.006 loss in FY 2021). Revenue: S$16.2m (up 202% from FY 2021). Net loss: S$553.0k (loss narrowed 91% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings.Reported Earnings • Feb 23Full year 2022 earnings released: EPS: S$0 (vs S$0.006 loss in FY 2021)Full year 2022 results: EPS: S$0 (improved from S$0.006 loss in FY 2021). Revenue: S$16.2m (up 202% from FY 2021). Net loss: S$553.0k (loss narrowed 91% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.お知らせ • Feb 14AF Global Limited Provides Earnings Guidance for the Full Year Ended 31 December 2022The Board of Directors (the "Board") of AF Global Limited (the "Company", together with its subsidiaries, the "Group") announced that following a preliminary review of the unaudited financial results, the Group is expected to report a loss for the full year ended 31 December 2022. The expected loss was mainly due to the adverse impact of the global pandemic and economic uncertainties on the Group's hospitality business. Nevertheless, the Group's hospitality business had improved during the year with the gradual re-opening of countries worldwide as the global pandemic was brought under control simultaneously. Hence, the expected loss of the Group for the financial year ended 31 December 2022 would be significantly lower than the reported loss for the last financial year. Further details of the Group's financial performance will be disclosed when the Company announces its full year results.Board Change • Nov 17Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent & Non-Executive Director Tuen Suan Ong was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.分析記事 • Oct 17Health Check: How Prudently Does AF Global (SGX:L38) Use Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • Aug 07First half 2022 earnings releasedFirst half 2022 results: Net income: (up S$3.78m from 1H 2021). Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 13% per year.お知らせ • Jul 23AF Global Limited Provides Earnings Guidance for the Half Year Ended June 30, 2022AF Global Limited provided earnings guidance for the half year ended June 30, 2022. The Board of Directors announced that following a preliminary review of the unaudited financial results, the Group is expected to report a loss for the half year ended 30 June 2022. The expected loss was mainly due to the Group's hospitality business which was adversely impacted by the global pandemic and economic crisis caused by the ongoing coronavirus disease (COVID-19).分析記事 • May 31Is AF Global (SGX:L38) Weighed On By Its Debt Load?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent & Non-Executive Director Tuen Suan Ong was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 16Full year 2021 earnings released: S$0.005 loss per share (vs S$0.005 loss in FY 2020)Full year 2021 results: S$0.005 loss per share (vs S$0.005 loss in FY 2020). Net loss: S$5.83m (loss widened 20% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 35% 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.お知らせ • Apr 14AF Global Limited, Annual General Meeting, Apr 28, 2022AF Global Limited, Annual General Meeting, Apr 28, 2022, at 10:00 Singapore Standard Time. Location: 1 Harbourfront Avenue, #14-07 Keppel Bay Tower Sigapore Singapore Agenda: To receive and adopt the Audited Financial Statements of the Company for the financial year ended 31 December 2021, the Directors' statement and the external Auditor's report thereon; to approve the payment of Directors' fees of S$217,000 for the financial year ended 31 December 2021 (FY2020: SGD 192,589); to re-elect the following Directors of the Company, each of whom will retire by rotation pursuant to Regulation 89 of the Constitution of the Company and Rule 720(5) of the Listing Manual of the Singapore Exchange Securities Trading Limited ("SGX-ST") and who, being eligible, offer themselves for re-election as Mr. Periakaruppan Aravindan and Mr. Ong Tuen Suan; to re-appoint Messrs Ernst & Young LLP as the external Auditors of the Company and to authorise the Directors of the Company to fix their remuneration; and to consider other matters.Reported Earnings • Feb 23Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: S$0.005 loss per share (vs S$0.005 loss in FY 2020). Net loss: S$5.83m (loss widened 20% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.お知らせ • Feb 01AF Global Limited Provides Earnings Guidance for the Full Year Ended December 31, 2021The Board of Directors of AF Global Limited announced that following a preliminary review of the unaudited financial results, the Group is expected to report a loss for the full year ended 31 December 2021. The expected loss was mainly due to the Group's hospitality business which was adversely impacted by the global pandemic and economic crisis caused by the ongoing coronavirus disease (COVID-19).Reported Earnings • Aug 09First half 2021 earnings released: S$0.004 loss per share (vs S$0.001 loss in 1H 2020)First half 2021 results: Net loss: S$3.78m (loss widened 235% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.Reported Earnings • Apr 19Full year 2020 earnings released: S$0.005 loss per share (vs S$0.002 loss in FY 2019)Full year 2020 results: Net loss: S$4.88m (loss widened 187% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.分析記事 • Apr 09Health Check: How Prudently Does AF Global (SGX:L38) Use Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • Feb 23Full year 2020 earnings releasedFull year 2020 results: Net loss: S$4.88m (loss widened 187% from FY 2019).分析記事 • Feb 15What Type Of Returns Would AF Global's (SGX:L38) Shareholders Have Received Over The Course Of The Last Three Years?Many investors define successful investing as beating the market average over the long term. But its virtually certain...分析記事 • Dec 24Calculating The Intrinsic Value Of AF Global Limited (SGX:L38)In this article we are going to estimate the intrinsic value of AF Global Limited ( SGX:L38 ) by taking the expected...収支内訳AF Global の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史SGX:L38 収益、費用、利益 ( )SGD Millions日付収益収益G+A経費研究開発費30 Jun 253119031 Mar 2531-19031 Dec 2431-39030 Sep 2431-29030 Jun 2430-18031 Mar 242918031 Dec 232838030 Sep 232727030 Jun 232527031 Mar 232016031 Dec 2216-16030 Sep 2213-25030 Jun 229-35031 Mar 227-55031 Dec 215-65030 Sep 215-76030 Jun 215-86031 Mar 218-67031 Dec 2011-58030 Sep 2017-39030 Jun 2021-29031 Mar 2023-29031 Dec 1928-210030 Sep 1928-510030 Jun 1930-510031 Mar 1931-310031 Dec 1834-110030 Sep 182127030 Jun 182858031 Mar 183359031 Dec 1736610030 Sep 1755514030 Jun 1755413031 Mar 1754513031 Dec 1654513030 Sep 16551315030 Jun 16551116031 Mar 1655816031 Dec 1554320030 Jun 15534220質の高い収益: L38にはSGD3.0M } という大きな 一回限りの 利益があり、過去 12 か月の財務実績が30th June, 2025に影響を及ぼしています。利益率の向上: L38過去に利益を上げました。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: L38過去 5 年間で収益を上げており、収益は年間44.2%増加しています。成長の加速: L38は昨年収益を上げたため、収益成長率を 5 年間の平均と比較することは困難です。収益対業界: L38昨年収益を上げたため、昨年の収益成長をHospitality業界 ( 2.4% ) と比較することは困難です。株主資本利益率高いROE: L38の 自己資本利益率 ( 2.4% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YConsumer-services 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/04/24 22:51終値2026/04/02 00:00収益2025/06/30年間収益2024/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋AF Global Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Wilson LiewMaybank Research Pte. Ltd.
Reported Earnings • Aug 13First half 2025 earnings released: EPS: S$0.001 (vs S$0.002 loss in 1H 2024)First half 2025 results: EPS: S$0.001 (up from S$0.002 loss in 1H 2024). Revenue: S$15.8m (down 1.6% from 1H 2024). Net income: S$1.44m (up S$4.04m from 1H 2024). Profit margin: 9.1% (up from net loss in 1H 2024). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 12Full year 2024 earnings released: S$0.003 loss per share (vs S$0.003 profit in FY 2023)Full year 2024 results: S$0.003 loss per share (down from S$0.003 profit in FY 2023). Revenue: S$31.4m (up 11% from FY 2023). Net loss: S$2.65m (down 200% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 25Full year 2024 earnings released: S$0.002 loss per share (vs S$0.003 profit in FY 2023)Full year 2024 results: S$0.002 loss per share (down from S$0.003 profit in FY 2023). Revenue: S$31.4m (up 11% from FY 2023). Net loss: S$2.65m (down 200% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 12First half 2024 earnings released: S$0.002 loss per share (vs S$0.001 profit in 1H 2023)First half 2024 results: S$0.002 loss per share (down from S$0.001 profit in 1H 2023). Revenue: S$16.0m (up 12% from 1H 2023). Net loss: S$2.60m (down 374% from profit in 1H 2023). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 31AF Global Limited to Report First Half, 2024 Results on Aug 05, 2024AF Global Limited announced that they will report first half, 2024 results on Aug 05, 2024
分析記事 • Apr 18There May Be Underlying Issues With The Quality Of AF Global's (SGX:L38) EarningsAF Global Limited's ( SGX:L38 ) robust earnings report didn't manage to move the market for its stock. We did some...
お知らせ • Apr 16Aspial Corporation Limited (SGX:A30) and Koh Wee Meng completed the acquisition of remaining 20.16% stake in AF Global Limited (SGX:L38).Aspial Corporation Limited (SGX:A30) and Koh Wee Meng entered into an implementation agreement to acquire remaining 20.16% stake in AF Global Limited (SGX:L38) for SGD 23.4 million on October 8, 2025. A cash consideration valued at SGD 0.11 per share will be paid by Aspial Corporation Limited. As at the Joint Announcement Date, Aspial has a direct interest in 440,691,785 Shares, representing 41.75% stake and KWM has a direct interest in 326,265,000 Shares, representing 30.91% stake in AF Global. Based on information available to the Offeror as at the Joint Announcement Date, 75,855,637 Shares representing approximately 7.19% of the total number of Shares are held by persons who are deemed to be “interested persons” (as defined in the listing manual of the SGX-ST) of Aspial. The Related Shareholders are presumed to be concert parties of the Offeror under the Code and will abstain from voting on the Scheme in accordance with the requirements of the Securities Industry Council’s. DBS, as the sole financial adviser to the Offeror, confirms that sufficient financial resources are available to the Offeror to satisfy in full the aggregate Scheme Consideration payable by the Offeror for all the Scheme Shares to be acquired by the Offeror pursuant to the Scheme. The transaction is subject to approval of the Scheme by a majority in number of the Scheme Shareholders representing three-fourths in value of the Scheme Shares held by Scheme Shareholders present and voting either in person or by proxy at the Scheme Meeting, The Offeror and its concert parties, and the common substantial shareholders of the Offeror and the Company will abstain from voting on the Scheme, Court sanction for convening the Scheme Meeting; and (ii) the approval of the Scheme (if approved at the Scheme Meeting). The transaction is expected to complete in first quarter of 2026. As of January 15, 2026, the court has granted approval for the transaction. As of January 15, 2026, AF Global board announced that it has dispatched scheme document to shareholders. Shareholders meeting will be held on February 5, 2026. As of February 4, 2026, AF Global Limited announced the postpone of shareholders meeting from February 5, 2026, to March 10, 2026. As of February 12, 2026, AF Global Limited announced that SGX-ST informed that it has no objection to AF Global Waiver Application. On March 10, 2026, the shareholders of AF Global Limited has approved the transaction. The transaction is now expected to close on or around April 8, 2026. As per the announcement dated March 27, 2026 the court has sanctioned the Scheme. The transaction is now expected to close on April 14, 2026. DBS Bank Ltd. acted as financial advisor for Aspial Corporation and Koh Wee Meng. Xandar Capital Pte. Ltd. acted as financial advisor for AF Global Limited. Evolve Capital Asia acted as financial advisor to directors of Aspial. Venture Law LLC acted as legal advisor for AF Global Limited. Aspial Corporation Limited (SGX:A30) and Koh Wee Meng completed the acquisition of remaining 20.16% stake in AF Global Limited (SGX:L38) on April 15, 2026.
New Risk • Feb 24New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (S$116.1m market cap, or US$91.6m).
お知らせ • Oct 08Aspial Corporation Limited (SGX:A30) and Koh Wee Meng entered into an implementation agreement to acquire remaining 20.16% stake in AF Global Limited (SGX:L38) for SGD 23.4 million.Aspial Corporation Limited (SGX:A30) and Koh Wee Meng entered into an implementation agreement to acquire remaining 20.16% stake in AF Global Limited (SGX:L38) for SGD 23.4 million on October 8, 2025. A cash consideration valued at SGD 0.11 per share will be paid by Aspial Corporation Limited. As at the Joint Announcement Date, Aspial has a direct interest in 440,691,785 Shares, representing 41.75% stake and KWM has a direct interest in 326,265,000 Shares, representing 30.91% stake in AF Global. Based on information available to the Offeror as at the Joint Announcement Date, 75,855,637 Shares representing approximately 7.19% of the total number of Shares are held by persons who are deemed to be “interested persons” (as defined in the listing manual of the SGX-ST) of Aspial. The Related Shareholders are presumed to be concert parties of the Offeror under the Code and will abstain from voting on the Scheme in accordance with the requirements of the Securities Industry Council’s. DBS, as the sole financial adviser to the Offeror, confirms that sufficient financial resources are available to the Offeror to satisfy in full the aggregate Scheme Consideration payable by the Offeror for all the Scheme Shares to be acquired by the Offeror pursuant to the Scheme. The transaction is subject to approval of the Scheme by a majority in number of the Scheme Shareholders representing three-fourths in value of the Scheme Shares held by Scheme Shareholders present and voting either in person or by proxy at the Scheme Meeting, The Offeror and its concert parties, and the common substantial shareholders of the Offeror and the Company will abstain from voting on the Scheme, Court sanction for convening the Scheme Meeting; and (ii) the approval of the Scheme (if approved at the Scheme Meeting). The transaction is expected to complete in first quarter of 2026. DBS Bank Ltd. acted as financial advisor for Aspial Corporation and Koh Wee Meng. Xandar Capital Pte. Ltd. acted as financial advisor for AF Global Limited.
分析記事 • Sep 17Estimating The Fair Value Of AF Global Limited (SGX:L38)Key Insights The projected fair value for AF Global is S$0.10 based on 2 Stage Free Cash Flow to Equity Current share...
Buy Or Sell Opportunity • Sep 11Now 24% undervaluedOver the last 90 days, the stock has risen 17% to S$0.076. The fair value is estimated to be S$0.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Meanwhile, the company has become profitable.
Buy Or Sell Opportunity • Aug 25Now 21% undervaluedOver the last 90 days, the stock has risen 22% to S$0.079. The fair value is estimated to be S$0.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Meanwhile, the company has become profitable.
New Risk • Aug 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 149% 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 Large one-off items impacting financial results. Market cap is less than US$100m (S$77.1m market cap, or US$60.1m).
Reported Earnings • Aug 13First half 2025 earnings released: EPS: S$0.001 (vs S$0.002 loss in 1H 2024)First half 2025 results: EPS: S$0.001 (up from S$0.002 loss in 1H 2024). Revenue: S$15.8m (down 1.6% from 1H 2024). Net income: S$1.44m (up S$4.04m from 1H 2024). Profit margin: 9.1% (up from net loss in 1H 2024). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
分析記事 • Jul 22Investors Appear Satisfied With AF Global Limited's (SGX:L38) Prospects As Shares Rocket 27%The AF Global Limited ( SGX:L38 ) share price has done very well over the last month, posting an excellent gain of 27...
分析記事 • Jun 24Does AF Global (SGX:L38) Have A Healthy Balance Sheet?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
New Risk • May 02New minor risk - Share price stabilityThe 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 Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (S$81.3m market cap, or US$62.7m).
Reported Earnings • Apr 12Full year 2024 earnings released: S$0.003 loss per share (vs S$0.003 profit in FY 2023)Full year 2024 results: S$0.003 loss per share (down from S$0.003 profit in FY 2023). Revenue: S$31.4m (up 11% from FY 2023). Net loss: S$2.65m (down 200% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
お知らせ • Apr 11AF Global Limited, Annual General Meeting, Apr 28, 2025AF Global Limited, Annual General Meeting, Apr 28, 2025, at 09:30 Singapore Standard Time. Location: aspial one, 55 ubi avenue 3 level 1, singapore 408864, Singapore
Reported Earnings • Feb 25Full year 2024 earnings released: S$0.002 loss per share (vs S$0.003 profit in FY 2023)Full year 2024 results: S$0.002 loss per share (down from S$0.003 profit in FY 2023). Revenue: S$31.4m (up 11% from FY 2023). Net loss: S$2.65m (down 200% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
New Risk • Feb 22New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (S$75.0m market cap, or US$56.1m).
New Risk • Jan 24New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Singaporean stocks, typically moving 12% 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 (12% average weekly change). Minor Risk Market cap is less than US$100m (S$75.0m market cap, or US$55.6m).
分析記事 • Nov 01Is AF Global (SGX:L38) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Reported Earnings • Aug 12First half 2024 earnings released: S$0.002 loss per share (vs S$0.001 profit in 1H 2023)First half 2024 results: S$0.002 loss per share (down from S$0.001 profit in 1H 2023). Revenue: S$16.0m (up 12% from 1H 2023). Net loss: S$2.60m (down 374% from profit in 1H 2023). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
New Risk • Aug 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 8.9% 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 (8.9% average weekly change). Market cap is less than US$100m (S$128.8m market cap, or US$97.0m).
お知らせ • Jul 31AF Global Limited to Report First Half, 2024 Results on Aug 05, 2024AF Global Limited announced that they will report first half, 2024 results on Aug 05, 2024
分析記事 • Jul 29Market Participants Recognise AF Global Limited's (SGX:L38) Revenues Pushing Shares 27% HigherAF Global Limited ( SGX:L38 ) shares have had a really impressive month, gaining 27% after a shaky period beforehand...
分析記事 • Apr 18There May Be Underlying Issues With The Quality Of AF Global's (SGX:L38) EarningsAF Global Limited's ( SGX:L38 ) robust earnings report didn't manage to move the market for its stock. We did some...
Reported Earnings • Apr 16Full year 2023 earnings released: EPS: S$0.003 (vs S$0.001 loss in FY 2022)Full year 2023 results: EPS: S$0.003 (up from S$0.001 loss in FY 2022). Revenue: S$28.4m (up 75% from FY 2022). Net income: S$2.64m (up S$3.20m from FY 2022). Profit margin: 9.3% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 13AF Global Limited, Annual General Meeting, Apr 29, 2024AF Global Limited, Annual General Meeting, Apr 29, 2024, at 10:00 China Standard Time. Location: Aspial One, 55 Ubi Avenue 3 Level 1 Singapore Agenda: To receive and adopt the Audited Financial Statements of the Company for the financial year ended 31 December 2023, the Directors' statement and the external Auditor's report thereon; to consider directorate reelections; to re-appoint Ernst & Young LLP as the external Auditors of the Company and to authorize the Directors of the Company to fix their remuneration; to approve the authority to allot and issue new Shares and/or Instruments; to approve the renewal of the Share Purchase Mandate; to grant the Directors the authority to issue shares under the AF Global Limited Scrip Dividend Scheme; and to consider other matters.
Reported Earnings • Feb 24Full year 2023 earnings released: EPS: S$0.003 (vs S$0.001 loss in FY 2022)Full year 2023 results: EPS: S$0.003 (up from S$0.001 loss in FY 2022). Revenue: S$28.4m (up 75% from FY 2022). Net income: S$2.64m (up S$3.20m from FY 2022). Profit margin: 9.3% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
お知らせ • Jan 31AF Global Limited Appoints Pan Pei Say as Non-Executive and Independent Director, Chairman of the Nominating Committee and A Member of the Audit CommitteeAF Global Limited announced the appointment of Pan Pei Say as Non-Executive and Independent Director, Chairman of the Nominating Committee and A Member of the Audit Committee. Working Experience 1989 to 2017 Sing Investments & Finance Ltd. Senior Vice President, Credit Marketing. Professional Qualifications Diploma in Banking and Finance, the Institute of Banking and Finance Singapore. Reason for director to not undergo training Global Dragon Limited - Independent Director, Chairman of the Remuneration Committee and a member of the Audit Committee and Nominating Committee. CHANGES IN THE COMPOSITIONS OF THE BOARD AND BOARD COMMITTEES Following the foregoing changes, the new composition of the Board and the Board Committees of the Company with effect from 1 February 2024 will be as follows:- Board of Directors Mr. Chay Yue Kai (Executive Director and Chief Executive Officer), Mr. Koh Wee Seng (Non-Executive and Non-Independent Director), Mr. Periakaruppan Aravindan (Non-Executive and Non-Independent Director), Mr. Yeo Kan Kiang Roy (Lead Independent Director), Mr. Yeo Wee Kiong (Independent Director), Ms Pan Pei Say (Independent Director), Audit Committee Mr. Yeo Kan Kiang Roy (Chairman), Mr. Yeo Wee Kiong, Ms Pan Pei Say, Mr. Periakaruppan Aravindan, Nominating Committee, Ms Pan Pei Say (Chairman), Mr. Yeo Kan Kiang Roy, Mr. Koh Wee Seng, Remuneration Committee Mr. Yeo Wee Kiong (Chairman), Mr. Yeo Kan Kiang Roy, Mr. Periakaruppan Aravindan. Working Experience: 1989 to 2017 Sing Investments & Finance Ltd. Senior Vice President, Credit Marketing.
分析記事 • Nov 02Return Trends At AF Global (SGX:L38) Aren't AppealingIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Reported Earnings • Aug 14First half 2023 earnings released: EPS: S$0.001 (vs S$0.001 loss in 1H 2022)First half 2023 results: EPS: S$0.001 (up from S$0.001 loss in 1H 2022). Revenue: S$14.4m (up 142% from 1H 2022). Net income: S$948.0k (up S$2.26m from 1H 2022). Profit margin: 6.6% (up from net loss in 1H 2022). The move to profitability was driven by higher revenue. 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 6% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 15Full year 2022 earnings released: S$0.001 loss per share (vs S$0.006 loss in FY 2021)Full year 2022 results: S$0.001 loss per share (improved from S$0.006 loss in FY 2021). Revenue: S$16.2m (up 202% from FY 2021). Net loss: S$553.0k (loss narrowed 91% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Feb 23Full year 2022 earnings released: EPS: S$0 (vs S$0.006 loss in FY 2021)Full year 2022 results: EPS: S$0 (improved from S$0.006 loss in FY 2021). Revenue: S$16.2m (up 202% from FY 2021). Net loss: S$553.0k (loss narrowed 91% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.
お知らせ • Feb 14AF Global Limited Provides Earnings Guidance for the Full Year Ended 31 December 2022The Board of Directors (the "Board") of AF Global Limited (the "Company", together with its subsidiaries, the "Group") announced that following a preliminary review of the unaudited financial results, the Group is expected to report a loss for the full year ended 31 December 2022. The expected loss was mainly due to the adverse impact of the global pandemic and economic uncertainties on the Group's hospitality business. Nevertheless, the Group's hospitality business had improved during the year with the gradual re-opening of countries worldwide as the global pandemic was brought under control simultaneously. Hence, the expected loss of the Group for the financial year ended 31 December 2022 would be significantly lower than the reported loss for the last financial year. Further details of the Group's financial performance will be disclosed when the Company announces its full year results.
Board Change • Nov 17Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent & Non-Executive Director Tuen Suan Ong was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
分析記事 • Oct 17Health Check: How Prudently Does AF Global (SGX:L38) Use Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • Aug 07First half 2022 earnings releasedFirst half 2022 results: Net income: (up S$3.78m from 1H 2021). Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 13% per year.
お知らせ • Jul 23AF Global Limited Provides Earnings Guidance for the Half Year Ended June 30, 2022AF Global Limited provided earnings guidance for the half year ended June 30, 2022. The Board of Directors announced that following a preliminary review of the unaudited financial results, the Group is expected to report a loss for the half year ended 30 June 2022. The expected loss was mainly due to the Group's hospitality business which was adversely impacted by the global pandemic and economic crisis caused by the ongoing coronavirus disease (COVID-19).
分析記事 • May 31Is AF Global (SGX:L38) Weighed On By Its Debt Load?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent & Non-Executive Director Tuen Suan Ong was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 16Full year 2021 earnings released: S$0.005 loss per share (vs S$0.005 loss in FY 2020)Full year 2021 results: S$0.005 loss per share (vs S$0.005 loss in FY 2020). Net loss: S$5.83m (loss widened 20% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 35% 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.
お知らせ • Apr 14AF Global Limited, Annual General Meeting, Apr 28, 2022AF Global Limited, Annual General Meeting, Apr 28, 2022, at 10:00 Singapore Standard Time. Location: 1 Harbourfront Avenue, #14-07 Keppel Bay Tower Sigapore Singapore Agenda: To receive and adopt the Audited Financial Statements of the Company for the financial year ended 31 December 2021, the Directors' statement and the external Auditor's report thereon; to approve the payment of Directors' fees of S$217,000 for the financial year ended 31 December 2021 (FY2020: SGD 192,589); to re-elect the following Directors of the Company, each of whom will retire by rotation pursuant to Regulation 89 of the Constitution of the Company and Rule 720(5) of the Listing Manual of the Singapore Exchange Securities Trading Limited ("SGX-ST") and who, being eligible, offer themselves for re-election as Mr. Periakaruppan Aravindan and Mr. Ong Tuen Suan; to re-appoint Messrs Ernst & Young LLP as the external Auditors of the Company and to authorise the Directors of the Company to fix their remuneration; and to consider other matters.
Reported Earnings • Feb 23Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: S$0.005 loss per share (vs S$0.005 loss in FY 2020). Net loss: S$5.83m (loss widened 20% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 01AF Global Limited Provides Earnings Guidance for the Full Year Ended December 31, 2021The Board of Directors of AF Global Limited announced that following a preliminary review of the unaudited financial results, the Group is expected to report a loss for the full year ended 31 December 2021. The expected loss was mainly due to the Group's hospitality business which was adversely impacted by the global pandemic and economic crisis caused by the ongoing coronavirus disease (COVID-19).
Reported Earnings • Aug 09First half 2021 earnings released: S$0.004 loss per share (vs S$0.001 loss in 1H 2020)First half 2021 results: Net loss: S$3.78m (loss widened 235% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.
Reported Earnings • Apr 19Full year 2020 earnings released: S$0.005 loss per share (vs S$0.002 loss in FY 2019)Full year 2020 results: Net loss: S$4.88m (loss widened 187% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.
分析記事 • Apr 09Health Check: How Prudently Does AF Global (SGX:L38) Use Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • Feb 23Full year 2020 earnings releasedFull year 2020 results: Net loss: S$4.88m (loss widened 187% from FY 2019).
分析記事 • Feb 15What Type Of Returns Would AF Global's (SGX:L38) Shareholders Have Received Over The Course Of The Last Three Years?Many investors define successful investing as beating the market average over the long term. But its virtually certain...
分析記事 • Dec 24Calculating The Intrinsic Value Of AF Global Limited (SGX:L38)In this article we are going to estimate the intrinsic value of AF Global Limited ( SGX:L38 ) by taking the expected...