View ValuationTrickleStar 将来の成長Future 基準チェック /06現在、 TrickleStarの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Electronic 収益成長8.6%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesNew Risk • Mar 24New 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 9.0% 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: Major Risk Market cap is less than US$10m (S$4.90m market cap, or US$3.83m). Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Significant insider selling over the past 3 months (S$161k sold).お知らせ • Mar 05TrickleStar Limited, Annual General Meeting, Mar 25, 2026TrickleStar Limited, Annual General Meeting, Mar 25, 2026, at 10:30 Singapore Standard Time. Location: four points by sheraton singapore, riverview, elgin room 1, 2nd floor, 382 havelock road, singapore 169629, SingaporeReported Earnings • Feb 28Full year 2025 earnings released: US$0.001 loss per share (vs US$0.008 loss in FY 2024)Full year 2025 results: US$0.001 loss per share (improved from US$0.008 loss in FY 2024). Revenue: US$5.81m (down 49% from FY 2024). Net loss: US$155.5k (loss narrowed 77% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 51% per year, which means it has not declined as severely as earnings.New Risk • Feb 23New 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: Major Risks Earnings have declined by 16% per year over the past 5 years. Market cap is less than US$10m (S$4.59m market cap, or US$3.62m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Significant insider selling over the past 3 months (S$471k sold).Recent Insider Transactions • Jan 07Insider recently sold S$161k worth of stockOn the 2nd of January, Bernard Emby sold around 5m shares on-market at roughly S$0.032 per share. This transaction amounted to 45% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth S$310k. Insiders have been net sellers, collectively disposing of S$990k more than they bought in the last 12 months.Recent Insider Transactions • Dec 15Insider recently sold S$310k worth of stockOn the 11th of December, Bernard Emby sold around 10m shares on-market at roughly S$0.031 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of S$829k more than they bought in the last 12 months.Recent Insider Transactions • Oct 06Insider recently sold S$111k worth of stockOn the 2nd of October, Bernard Emby sold around 4m shares on-market at roughly S$0.03 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of S$474k more than they bought in the last 12 months.New Risk • Oct 04New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: S$2.6k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (84% increase in shares outstanding). Market cap is less than US$10m (S$4.64m market cap, or US$3.60m). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Significant insider selling over the past 3 months (S$2.6k sold).お知らせ • Jun 20TrickleStar Limited Announces Board Committees ChangesTrickleStar Limited announced changes to the composition of board committees: The composition of board committees of the company with effect from 19 June 2025 will be as follows: Audit Committee: Jeremy John Figgins-Chairman; Ling Hee Keat-Member; Gunananthan Nithyanantham-Member. Remuneration Committee: Ling Hee Keat-Chairman; Chuah Jern Ern-Member; Harald Weinbrecht-Member. Nominating Committee: Chuah Jern Ern-Chairman; Jeremy John Figgins-Member; Gunananthan Nithyanantham-Member.お知らせ • Jun 03Tricklestar Limited Announces Directorate and Board Changes, Effect from 2 June 2025The Board of Directors of TrickleStar Limited announced the following: Harald Weinbrecht will be appointed as a Non-Executive Non-Independent Director of the Company with effect from 2 June 2025. Consequent to the aforesaid changes, the composition of the Board of the Company with effect from 2 June 2025 will be as follows: Board of Directors Ling Hee Keat as Non-Executive Independent Chairman, Jeremy John Figgins as Non-Executive Independent Director, Chuah Jern Ern as Non-Executive Independent Director, Gunananthan Nithyanantham as Non-Executive Non-Independent Director, Jason John Clark as Executive Director and Chief Executive Officer and Harald Weinbrecht as Non-Executive Non-Independent Director.お知らせ • Mar 06TrickleStar Limited, Annual General Meeting, Mar 26, 2025TrickleStar Limited, Annual General Meeting, Mar 26, 2025, at 10:30 Singapore Standard Time. Location: four points by sheraton singapore, riverview elgin room, 382 havelock road, singapore 169629, SingaporeReported Earnings • Feb 28Full year 2024 earnings released: US$0.008 loss per share (vs US$0.003 loss in FY 2023)Full year 2024 results: US$0.008 loss per share (further deteriorated from US$0.003 loss in FY 2023). Revenue: US$11.5m (up 12% from FY 2023). Net loss: US$665.2k (loss widened 142% from FY 2023). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings.New Risk • Feb 25New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 81% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (49% average weekly change). Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (81% increase in shares outstanding). Market cap is less than US$10m (S$8.19m market cap, or US$6.12m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end).New Risk • Feb 23New 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: Major Risks Share price has been highly volatile over the past 3 months (41% average weekly change). Earnings have declined by 29% per year over the past 5 years. Market cap is less than US$10m (S$2.61m market cap, or US$1.95m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end).お知らせ • Dec 11TrickleStar Limited has filed a Follow-on Equity Offering in the amount of SGD 1.011391 million.TrickleStar Limited has filed a Follow-on Equity Offering in the amount of SGD 1.011391 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 67,426,073 Price\Range: SGD 0.015 Transaction Features: Rights OfferingBoard Change • Oct 28Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.お知らせ • Oct 03TrickleStar Limited Announces Resignation of Gunananthan Nithyanantham as Executive Director and Chief Operating Officer and Redesignated as Non-Executive Non-Independent DirectorTrickleStar Limited announced that resignation of Mr. Gunananthan Nithyanantham as the Executive Director and Chief Operating Officer, Mr. Guna will be redesignated as Non-Executive Non-Independent Director. Mr. Guna has been a director of TrickleStar Limited since its IPO in June 2019. Before that, he did not have prior experience as a director of public listed companies in Singapore. From January 2012 to December 2017, Mr. Guna joined TrickleStar as finance director of TrickleStar Hong Kong, where he was responsible for overseeing the finances, logistics control and administrative activities of TrickleStar Hong Kong. In January 2015, Mr. Guna became an executive director of both Zernet Limited and CircleBright Limited, where he was responsible for monitoring the strategic direction and overseeing the use of funds of the respective companies. In January 2018, he became the chief executive officer of both Zernet Limited and CircleBright Limited, where he is responsible for managing the overall operations and resources of Zernet Limited and is responsible for overseeing and evaluating investment opportunities for CircleBright Limited. In January 2022, he was redesignated as executive director and chief operating officer of the company.Board Change • Sep 19Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Board Change • Jun 20Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Board Change • May 15Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Buy Or Sell Opportunity • Apr 12Now 35% undervaluedThe stock has been flat over the last 90 days, currently trading at S$0.10. The fair value is estimated to be S$0.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only.New Risk • Apr 08New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: S$11.0m (US$8.18m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 41% per year over the past 5 years. Market cap is less than US$10m (S$11.0m market cap, or US$8.18m).お知らせ • Apr 05TrickleStar Limited Announces Resignation of Jon Alan Lanning as President of Company, North AmericaTrickleStar Limited announced that the resignation of Jon Alan Lanning as President of company, North America. Mr. Jon Alan Lanning (hereinafter referred to as Mr. Lanning), has tendered his resignation as the company's President of TrickleStar Inc., North America. He is currently serving his notice period, which will conclude on 25 April 2024. Mr. Lanning has tendered his resignation to pursue other opportunities within the North America Energy Efficiency industry and feels this is the proper time to do so after having worked with the Company for eleven plus years.Reported Earnings • Mar 13Full year 2023 earnings released: US$0.003 loss per share (vs US$0.005 profit in FY 2022)Full year 2023 results: US$0.003 loss per share (down from US$0.005 profit in FY 2022). Revenue: US$10.3m (down 26% from FY 2022). Net loss: US$275.1k (down 162% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.お知らせ • Mar 08TrickleStar Limited, Annual General Meeting, Mar 27, 2024TrickleStar Limited, Annual General Meeting, Mar 27, 2024, at 10:30 Singapore Standard Time. Location: Four Points by Sheraton Singapore, Riverview Elgin Room, 382 Havelock Road, Singapore Singapore Agenda: To consider proposed renewal of the Share Buy-Back Mandate.Board Change • Mar 08Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.お知らせ • Jan 18TrickleStar Limited Announces Resignation of Bernard Christopher Emby as Non-Executive Non-Independent DirectorThe Board of Directors of TrickleStar Limited announced Mr. Bernard Christopher Emby has tendered his resignation as the Non-Executive Non-Independent Director of the Company. Consequent to the aforesaid resignation, as at 19 January 2024, the composition of the Board of the Company shall be as mentioned below: Board of Directors: Mr. Ling Hee Keat, Non-Executive Independent Chairman; Mr. Gunananthan Nithyanantham, Executive Director and Chief Operating Officer; Mr. Chuah Jern Ern, Non-Executive Independent Director; and Mr. Jeremy John Figgins, Non-Executive Independent Director.お知らせ • Dec 14+ 1 more updateTricklestar Limited Appoints Jason John Clark as Chief Executive Officer, Effective 1 January 2024TrickleStar Limited announced that Following the resignation of Mr. Guna, Mr. Jason John Clark ("Mr Clark"), the current Senior Business Development Manager will be appointed as the Chief Executive Officer of the Company with effect from 1 January 2024.お知らせ • Dec 13Tricklestar Limited Announces Resignation of Gunananthan Nithyanantham as Acting Chief Executive OfficerTrickleStar Limited announced that Mr. Gunananthan Nithyanantham ("Mr Guna") has tendered his resignation as the Acting Chief Executive Officer ("Acting CEO") of the Company which will conclude on 31 December 2023. Mr. Guna will continue to remain as the Executive Director and Chief Operating Officer. After having interviewed Mr. Guna and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd. is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Guna as the Acting CEO.Board Change • Nov 06Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • Oct 18Acting CEO recently sold S$109k worth of stockOn the 13th of October, Gunananthan Nithyanantham sold around 610k shares on-market at roughly S$0.18 per share. This transaction amounted to 7.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Gunananthan's only on-market trade for the last 12 months.Board Change • Oct 13Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Sep 25Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Sep 08Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.New Risk • Aug 17New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: S$13.4m (US$9.83m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 46% per year over the past 5 years. Market cap is less than US$10m (S$13.4m market cap, or US$9.83m). Minor Risk Large one-off items impacting financial results.Reported Earnings • Aug 12First half 2023 earnings released: EPS: US$0.001 (vs US$0 in 1H 2022)First half 2023 results: EPS: US$0.001 (up from US$0 in 1H 2022). Revenue: US$5.00m (down 19% from 1H 2022). Net income: US$51.2k (up US$46.9k from 1H 2022). Profit margin: 1.0% (up from 0.1% in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 37% 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.Board Change • Jul 20Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Jul 08Tricklestar Limited Announces Resignation of S Krishnan A/L Sinnappan as Chief Technical Officer Effective 12 July 2023TrickleStar Limited announced resignation of S Krishnan A/L Sinnappan as Chief Technical Officer. Role And Responsibilities: Overseeing all technological interests of TrickleStar products, which includes responsibility for research of new products, drafting specifications and managing product design and development. Reason For Cessation: Mr. S Krishnan A/L Sinnappan (hereinafter referred to as Mr. S Krishnan), has tendered his resignation as the Company's Chief Technical Officer (CTO). He is currently serving his notice period, which will conclude on 12 July 2023. The resignation of Mr. S Krishnan can be attributed to the following reasons: 1. Dissatisfaction with the working environment under the current management. 2. Exclusion of the CTO from decision-making processes concerning technical and product development aspects. 3. Unwillingness to assume responsibility for technical decisions not endorsed by the CTO. The Nominating Committee duly notes Mr. S Krishnan's concerns. The Board is aware of the potential unease he may have experienced due to recent changes within the Company. Consequently, his resignation was not unexpected. Currently, the Company is not actively seeking a replacement for the CTO position. TrickleStar expresses gratitude for Mr. S Krishnan's valuable contributions and dedication during his tenure with the Company. After having interviewed Mr. S Krishnan and the Independent Directors of the Company, the Company's Sponsor, PrimePartner Corporate Finance Pte. Ltd. is satisfied that, to the best of its knowledge, save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. S Krishnan as the CTO.Board Change • May 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Mar 20Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 03Full year 2022 earnings released: EPS: US$0.005 (vs US$0.029 loss in FY 2021)Full year 2022 results: EPS: US$0.005 (up from US$0.029 loss in FY 2021). Revenue: US$13.8m (up 22% from FY 2021). Net income: US$442.6k (up US$2.84m from FY 2021). Profit margin: 3.2% (up from net loss in FY 2021). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.Board Change • Mar 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Jan 10Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Dec 09+ 1 more updateTrickleStar Limited Announces Board ChangesThe Nominating Committee and the board of directors of TrickleStar Limited, having reviewed and considered Mr. Ling Hee Keat's mix of skills, experience, core competencies, knowledge of the Company, his past contribution to the Group, and his ability to have sufficient time and attention for his duties as a Director and Chairman of the Board, approved the appointment of Mr. Ling as Non-Executive Independent Chairman of the Company. Role And Responsibilities: Non-Executive. Job Title: Non-Executive Independent Chairman, Chairman of Remuneration Committee, Member of Audit and Nominating Committees. Mr. Ling has been a Director of TrickleStar Limited since its IPO in June 2019.Board Change • Dec 09Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Nov 02+ 1 more updateTrickleStar Limited Announces Executive ChangesTrickleStar Limited announced that Mr. Bernard Christopher Emby (Mr Emby) has tendered his resignation as the Chief Executive Officer (CEO) of the Company. The resignation of Mr. Emby as the CEO of the Company will take effect on 28 April 2023. Notwithstanding, Mr. Emby will continue to remain as the Executive Chairman of the Company. Following the resignation of Mr. Emby, in the interim, Mr. Gunananthan Nithyanantham (Mr Guna) will be re-designated from Executive Director and Chief Operating Officer to Acting CEO of the Company with effect from 1 November 2022.Board Change • Oct 17Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 17First half 2022 earnings released: EPS: US$0 (vs US$0.003 in 1H 2021)First half 2022 results: EPS: US$0 (down from US$0.003 in 1H 2021). Revenue: US$6.16m (up 8.8% from 1H 2021). Net income: US$4.3k (down 98% from 1H 2021). Profit margin: 0.1% (down from 4.9% in 1H 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.Board Change • Aug 05Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Jun 30Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Jun 23TrickleStar Limited Ordinary Shares to Be Deleted from OTC EquityTrickleStar Limited Ordinary Shares (Singapore) will be Deleted from OTC Equity effective from June 22, 2022, due to Inactive Security.Board Change • May 17Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Apr 28TrickleStar Limited Announces Resignation of Ang Teck Soon as Chief Financial OfficerTrickleStar Limited announced the resignation of Ang Teck Soon as Chief Financial Officer, to pursue other career opportunities. Mr. Ang is currently serving his notice period until 31 May 2022 and will continue to act as a consultant to the Company from 1 June 2022 to 31 July 2022, to ensure a smooth transition subsequent to his cessation.Board Change • Oct 04High number of new directorsLead Independent Director Jeremy Figgins was the last director to join the board, commencing their role in 2019.Board Change • Sep 14High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Executive Chairman & CEO Bernard Emby is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Aug 09First half 2021 earnings released: EPS US$0.003 (vs US$0.006 in 1H 2020)The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: US$5.66m (down 13% from 1H 2020). Net income: US$275.3k (down 46% from 1H 2020). Profit margin: 4.9% (down from 7.8% in 1H 2020). The decrease in margin was driven by lower revenue.お知らせ • Mar 12+ 1 more updateTrickleStar Limited Proposes Final Dividend for the Financial Year Ended 31 December 2020TrickleStar Limited at its annual general meeting to be held on 26 March 2021, proposed to approve a final dividend of USD 0.0045 per ordinary share for the financial year ended 31 December 2020.Reported Earnings • Feb 28Full year 2020 earnings releasedThe company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$12.9m (down 12% from FY 2019). Net income: US$712.7k (up 306% from FY 2019). Profit margin: 5.5% (up from 1.2% in FY 2019). The increase in margin was driven by lower expenses. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、TrickleStar は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測Catalist:CYW - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20256000N/A9/30/20258000N/A6/30/2025110-1-1N/A3/31/2025110-1-1N/A12/31/202411-1-2-2N/A9/30/202411-1-1-1N/A6/30/202410-100N/A3/31/202410000N/A12/31/202310011N/A6/30/202313011N/A3/31/202313011N/A12/31/202214000N/A6/30/202212-300N/A3/31/202212-200N/A12/31/202111-201N/A9/30/202112-1-10N/A6/30/2021120-1-1N/A3/31/202112101N/A12/31/202013112N/A9/30/202014112N/A6/30/202014112N/A3/31/202014111N/A12/31/201915001N/A9/30/2019140N/A2N/A6/30/2019141N/A2N/A3/31/2019131N/A2N/A12/31/2018132N/A1N/A12/31/2017101N/A0N/A12/31/201690N/A1N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: CYWの予測収益成長が 貯蓄率 ( 2.6% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: CYWの収益がSG市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: CYWの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: CYWの収益がSG市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: CYWの収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: CYWの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YTech 業界の高成長企業。View Past Performance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2026/05/12 10:42終値2026/05/12 00:00収益2025/12/31年間収益2025/12/31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本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、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。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TrickleStar 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。0
New Risk • Mar 24New 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 9.0% 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: Major Risk Market cap is less than US$10m (S$4.90m market cap, or US$3.83m). Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Significant insider selling over the past 3 months (S$161k sold).
お知らせ • Mar 05TrickleStar Limited, Annual General Meeting, Mar 25, 2026TrickleStar Limited, Annual General Meeting, Mar 25, 2026, at 10:30 Singapore Standard Time. Location: four points by sheraton singapore, riverview, elgin room 1, 2nd floor, 382 havelock road, singapore 169629, Singapore
Reported Earnings • Feb 28Full year 2025 earnings released: US$0.001 loss per share (vs US$0.008 loss in FY 2024)Full year 2025 results: US$0.001 loss per share (improved from US$0.008 loss in FY 2024). Revenue: US$5.81m (down 49% from FY 2024). Net loss: US$155.5k (loss narrowed 77% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 51% per year, which means it has not declined as severely as earnings.
New Risk • Feb 23New 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: Major Risks Earnings have declined by 16% per year over the past 5 years. Market cap is less than US$10m (S$4.59m market cap, or US$3.62m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Significant insider selling over the past 3 months (S$471k sold).
Recent Insider Transactions • Jan 07Insider recently sold S$161k worth of stockOn the 2nd of January, Bernard Emby sold around 5m shares on-market at roughly S$0.032 per share. This transaction amounted to 45% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth S$310k. Insiders have been net sellers, collectively disposing of S$990k more than they bought in the last 12 months.
Recent Insider Transactions • Dec 15Insider recently sold S$310k worth of stockOn the 11th of December, Bernard Emby sold around 10m shares on-market at roughly S$0.031 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of S$829k more than they bought in the last 12 months.
Recent Insider Transactions • Oct 06Insider recently sold S$111k worth of stockOn the 2nd of October, Bernard Emby sold around 4m shares on-market at roughly S$0.03 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of S$474k more than they bought in the last 12 months.
New Risk • Oct 04New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: S$2.6k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (84% increase in shares outstanding). Market cap is less than US$10m (S$4.64m market cap, or US$3.60m). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Significant insider selling over the past 3 months (S$2.6k sold).
お知らせ • Jun 20TrickleStar Limited Announces Board Committees ChangesTrickleStar Limited announced changes to the composition of board committees: The composition of board committees of the company with effect from 19 June 2025 will be as follows: Audit Committee: Jeremy John Figgins-Chairman; Ling Hee Keat-Member; Gunananthan Nithyanantham-Member. Remuneration Committee: Ling Hee Keat-Chairman; Chuah Jern Ern-Member; Harald Weinbrecht-Member. Nominating Committee: Chuah Jern Ern-Chairman; Jeremy John Figgins-Member; Gunananthan Nithyanantham-Member.
お知らせ • Jun 03Tricklestar Limited Announces Directorate and Board Changes, Effect from 2 June 2025The Board of Directors of TrickleStar Limited announced the following: Harald Weinbrecht will be appointed as a Non-Executive Non-Independent Director of the Company with effect from 2 June 2025. Consequent to the aforesaid changes, the composition of the Board of the Company with effect from 2 June 2025 will be as follows: Board of Directors Ling Hee Keat as Non-Executive Independent Chairman, Jeremy John Figgins as Non-Executive Independent Director, Chuah Jern Ern as Non-Executive Independent Director, Gunananthan Nithyanantham as Non-Executive Non-Independent Director, Jason John Clark as Executive Director and Chief Executive Officer and Harald Weinbrecht as Non-Executive Non-Independent Director.
お知らせ • Mar 06TrickleStar Limited, Annual General Meeting, Mar 26, 2025TrickleStar Limited, Annual General Meeting, Mar 26, 2025, at 10:30 Singapore Standard Time. Location: four points by sheraton singapore, riverview elgin room, 382 havelock road, singapore 169629, Singapore
Reported Earnings • Feb 28Full year 2024 earnings released: US$0.008 loss per share (vs US$0.003 loss in FY 2023)Full year 2024 results: US$0.008 loss per share (further deteriorated from US$0.003 loss in FY 2023). Revenue: US$11.5m (up 12% from FY 2023). Net loss: US$665.2k (loss widened 142% from FY 2023). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings.
New Risk • Feb 25New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 81% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (49% average weekly change). Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (81% increase in shares outstanding). Market cap is less than US$10m (S$8.19m market cap, or US$6.12m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end).
New Risk • Feb 23New 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: Major Risks Share price has been highly volatile over the past 3 months (41% average weekly change). Earnings have declined by 29% per year over the past 5 years. Market cap is less than US$10m (S$2.61m market cap, or US$1.95m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end).
お知らせ • Dec 11TrickleStar Limited has filed a Follow-on Equity Offering in the amount of SGD 1.011391 million.TrickleStar Limited has filed a Follow-on Equity Offering in the amount of SGD 1.011391 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 67,426,073 Price\Range: SGD 0.015 Transaction Features: Rights Offering
Board Change • Oct 28Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
お知らせ • Oct 03TrickleStar Limited Announces Resignation of Gunananthan Nithyanantham as Executive Director and Chief Operating Officer and Redesignated as Non-Executive Non-Independent DirectorTrickleStar Limited announced that resignation of Mr. Gunananthan Nithyanantham as the Executive Director and Chief Operating Officer, Mr. Guna will be redesignated as Non-Executive Non-Independent Director. Mr. Guna has been a director of TrickleStar Limited since its IPO in June 2019. Before that, he did not have prior experience as a director of public listed companies in Singapore. From January 2012 to December 2017, Mr. Guna joined TrickleStar as finance director of TrickleStar Hong Kong, where he was responsible for overseeing the finances, logistics control and administrative activities of TrickleStar Hong Kong. In January 2015, Mr. Guna became an executive director of both Zernet Limited and CircleBright Limited, where he was responsible for monitoring the strategic direction and overseeing the use of funds of the respective companies. In January 2018, he became the chief executive officer of both Zernet Limited and CircleBright Limited, where he is responsible for managing the overall operations and resources of Zernet Limited and is responsible for overseeing and evaluating investment opportunities for CircleBright Limited. In January 2022, he was redesignated as executive director and chief operating officer of the company.
Board Change • Sep 19Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Board Change • Jun 20Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Board Change • May 15Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Buy Or Sell Opportunity • Apr 12Now 35% undervaluedThe stock has been flat over the last 90 days, currently trading at S$0.10. The fair value is estimated to be S$0.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
New Risk • Apr 08New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: S$11.0m (US$8.18m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 41% per year over the past 5 years. Market cap is less than US$10m (S$11.0m market cap, or US$8.18m).
お知らせ • Apr 05TrickleStar Limited Announces Resignation of Jon Alan Lanning as President of Company, North AmericaTrickleStar Limited announced that the resignation of Jon Alan Lanning as President of company, North America. Mr. Jon Alan Lanning (hereinafter referred to as Mr. Lanning), has tendered his resignation as the company's President of TrickleStar Inc., North America. He is currently serving his notice period, which will conclude on 25 April 2024. Mr. Lanning has tendered his resignation to pursue other opportunities within the North America Energy Efficiency industry and feels this is the proper time to do so after having worked with the Company for eleven plus years.
Reported Earnings • Mar 13Full year 2023 earnings released: US$0.003 loss per share (vs US$0.005 profit in FY 2022)Full year 2023 results: US$0.003 loss per share (down from US$0.005 profit in FY 2022). Revenue: US$10.3m (down 26% from FY 2022). Net loss: US$275.1k (down 162% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.
お知らせ • Mar 08TrickleStar Limited, Annual General Meeting, Mar 27, 2024TrickleStar Limited, Annual General Meeting, Mar 27, 2024, at 10:30 Singapore Standard Time. Location: Four Points by Sheraton Singapore, Riverview Elgin Room, 382 Havelock Road, Singapore Singapore Agenda: To consider proposed renewal of the Share Buy-Back Mandate.
Board Change • Mar 08Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
お知らせ • Jan 18TrickleStar Limited Announces Resignation of Bernard Christopher Emby as Non-Executive Non-Independent DirectorThe Board of Directors of TrickleStar Limited announced Mr. Bernard Christopher Emby has tendered his resignation as the Non-Executive Non-Independent Director of the Company. Consequent to the aforesaid resignation, as at 19 January 2024, the composition of the Board of the Company shall be as mentioned below: Board of Directors: Mr. Ling Hee Keat, Non-Executive Independent Chairman; Mr. Gunananthan Nithyanantham, Executive Director and Chief Operating Officer; Mr. Chuah Jern Ern, Non-Executive Independent Director; and Mr. Jeremy John Figgins, Non-Executive Independent Director.
お知らせ • Dec 14+ 1 more updateTricklestar Limited Appoints Jason John Clark as Chief Executive Officer, Effective 1 January 2024TrickleStar Limited announced that Following the resignation of Mr. Guna, Mr. Jason John Clark ("Mr Clark"), the current Senior Business Development Manager will be appointed as the Chief Executive Officer of the Company with effect from 1 January 2024.
お知らせ • Dec 13Tricklestar Limited Announces Resignation of Gunananthan Nithyanantham as Acting Chief Executive OfficerTrickleStar Limited announced that Mr. Gunananthan Nithyanantham ("Mr Guna") has tendered his resignation as the Acting Chief Executive Officer ("Acting CEO") of the Company which will conclude on 31 December 2023. Mr. Guna will continue to remain as the Executive Director and Chief Operating Officer. After having interviewed Mr. Guna and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd. is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Guna as the Acting CEO.
Board Change • Nov 06Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • Oct 18Acting CEO recently sold S$109k worth of stockOn the 13th of October, Gunananthan Nithyanantham sold around 610k shares on-market at roughly S$0.18 per share. This transaction amounted to 7.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Gunananthan's only on-market trade for the last 12 months.
Board Change • Oct 13Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Sep 25Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Sep 08Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
New Risk • Aug 17New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: S$13.4m (US$9.83m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 46% per year over the past 5 years. Market cap is less than US$10m (S$13.4m market cap, or US$9.83m). Minor Risk Large one-off items impacting financial results.
Reported Earnings • Aug 12First half 2023 earnings released: EPS: US$0.001 (vs US$0 in 1H 2022)First half 2023 results: EPS: US$0.001 (up from US$0 in 1H 2022). Revenue: US$5.00m (down 19% from 1H 2022). Net income: US$51.2k (up US$46.9k from 1H 2022). Profit margin: 1.0% (up from 0.1% in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 37% 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.
Board Change • Jul 20Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Jul 08Tricklestar Limited Announces Resignation of S Krishnan A/L Sinnappan as Chief Technical Officer Effective 12 July 2023TrickleStar Limited announced resignation of S Krishnan A/L Sinnappan as Chief Technical Officer. Role And Responsibilities: Overseeing all technological interests of TrickleStar products, which includes responsibility for research of new products, drafting specifications and managing product design and development. Reason For Cessation: Mr. S Krishnan A/L Sinnappan (hereinafter referred to as Mr. S Krishnan), has tendered his resignation as the Company's Chief Technical Officer (CTO). He is currently serving his notice period, which will conclude on 12 July 2023. The resignation of Mr. S Krishnan can be attributed to the following reasons: 1. Dissatisfaction with the working environment under the current management. 2. Exclusion of the CTO from decision-making processes concerning technical and product development aspects. 3. Unwillingness to assume responsibility for technical decisions not endorsed by the CTO. The Nominating Committee duly notes Mr. S Krishnan's concerns. The Board is aware of the potential unease he may have experienced due to recent changes within the Company. Consequently, his resignation was not unexpected. Currently, the Company is not actively seeking a replacement for the CTO position. TrickleStar expresses gratitude for Mr. S Krishnan's valuable contributions and dedication during his tenure with the Company. After having interviewed Mr. S Krishnan and the Independent Directors of the Company, the Company's Sponsor, PrimePartner Corporate Finance Pte. Ltd. is satisfied that, to the best of its knowledge, save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. S Krishnan as the CTO.
Board Change • May 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Mar 20Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 03Full year 2022 earnings released: EPS: US$0.005 (vs US$0.029 loss in FY 2021)Full year 2022 results: EPS: US$0.005 (up from US$0.029 loss in FY 2021). Revenue: US$13.8m (up 22% from FY 2021). Net income: US$442.6k (up US$2.84m from FY 2021). Profit margin: 3.2% (up from net loss in FY 2021). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.
Board Change • Mar 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Jan 10Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Dec 09+ 1 more updateTrickleStar Limited Announces Board ChangesThe Nominating Committee and the board of directors of TrickleStar Limited, having reviewed and considered Mr. Ling Hee Keat's mix of skills, experience, core competencies, knowledge of the Company, his past contribution to the Group, and his ability to have sufficient time and attention for his duties as a Director and Chairman of the Board, approved the appointment of Mr. Ling as Non-Executive Independent Chairman of the Company. Role And Responsibilities: Non-Executive. Job Title: Non-Executive Independent Chairman, Chairman of Remuneration Committee, Member of Audit and Nominating Committees. Mr. Ling has been a Director of TrickleStar Limited since its IPO in June 2019.
Board Change • Dec 09Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 02+ 1 more updateTrickleStar Limited Announces Executive ChangesTrickleStar Limited announced that Mr. Bernard Christopher Emby (Mr Emby) has tendered his resignation as the Chief Executive Officer (CEO) of the Company. The resignation of Mr. Emby as the CEO of the Company will take effect on 28 April 2023. Notwithstanding, Mr. Emby will continue to remain as the Executive Chairman of the Company. Following the resignation of Mr. Emby, in the interim, Mr. Gunananthan Nithyanantham (Mr Guna) will be re-designated from Executive Director and Chief Operating Officer to Acting CEO of the Company with effect from 1 November 2022.
Board Change • Oct 17Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 17First half 2022 earnings released: EPS: US$0 (vs US$0.003 in 1H 2021)First half 2022 results: EPS: US$0 (down from US$0.003 in 1H 2021). Revenue: US$6.16m (up 8.8% from 1H 2021). Net income: US$4.3k (down 98% from 1H 2021). Profit margin: 0.1% (down from 4.9% in 1H 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.
Board Change • Aug 05Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Jun 30Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Jun 23TrickleStar Limited Ordinary Shares to Be Deleted from OTC EquityTrickleStar Limited Ordinary Shares (Singapore) will be Deleted from OTC Equity effective from June 22, 2022, due to Inactive Security.
Board Change • May 17Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Ling Keat was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 28TrickleStar Limited Announces Resignation of Ang Teck Soon as Chief Financial OfficerTrickleStar Limited announced the resignation of Ang Teck Soon as Chief Financial Officer, to pursue other career opportunities. Mr. Ang is currently serving his notice period until 31 May 2022 and will continue to act as a consultant to the Company from 1 June 2022 to 31 July 2022, to ensure a smooth transition subsequent to his cessation.
Board Change • Oct 04High number of new directorsLead Independent Director Jeremy Figgins was the last director to join the board, commencing their role in 2019.
Board Change • Sep 14High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Executive Chairman & CEO Bernard Emby is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Aug 09First half 2021 earnings released: EPS US$0.003 (vs US$0.006 in 1H 2020)The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: US$5.66m (down 13% from 1H 2020). Net income: US$275.3k (down 46% from 1H 2020). Profit margin: 4.9% (down from 7.8% in 1H 2020). The decrease in margin was driven by lower revenue.
お知らせ • Mar 12+ 1 more updateTrickleStar Limited Proposes Final Dividend for the Financial Year Ended 31 December 2020TrickleStar Limited at its annual general meeting to be held on 26 March 2021, proposed to approve a final dividend of USD 0.0045 per ordinary share for the financial year ended 31 December 2020.
Reported Earnings • Feb 28Full year 2020 earnings releasedThe company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$12.9m (down 12% from FY 2019). Net income: US$712.7k (up 306% from FY 2019). Profit margin: 5.5% (up from 1.2% in FY 2019). The increase in margin was driven by lower expenses.