View Past PerformanceWillas-Array Electronics (Holdings) バランスシートの健全性財務の健全性 基準チェック /36Willas-Array Electronics (Holdings)の総株主資本はHK$507.4M 、総負債はHK$585.1Mで、負債比率は115.3%となります。総資産と総負債はそれぞれHK$1.4BとHK$852.2Mです。 Willas-Array Electronics (Holdings)の EBIT はHK$67.3Mで、利息カバレッジ比率2.4です。現金および短期投資はHK$113.4Mです。主要情報115.30%負債資本比率HK$585.08m負債インタレスト・カバレッジ・レシオ2.4x現金HK$113.40mエクイティHK$507.42m負債合計HK$852.18m総資産HK$1.36b財務の健全性に関する最新情報分析記事 • Feb 02Is Willas-Array Electronics (Holdings) (SGX:BDR) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...分析記事 • Jun 07Here's Why Willas-Array Electronics (Holdings) (SGX:BDR) Can Manage Its Debt ResponsiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...分析記事 • Feb 17These 4 Measures Indicate That Willas-Array Electronics (Holdings) (SGX:BDR) Is Using Debt Reasonably WellLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...すべての更新を表示Recent updatesValuation Update With 7 Day Price Move • Apr 30Investor sentiment improves as stock rises 30%After last week's 30% share price gain to S$1.14, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 19x in the Electronic industry in Singapore. Total returns to shareholders of 97% over the past three years.Board Change • Apr 01High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Shaoli Huang is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Board Change • Mar 03High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Shaoli Huang is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • Feb 14Willas-Array Electronics (Holdings) Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended December 31, 2025Willas-Array Electronics (Holdings) Limited provided unaudited consolidated earnings guidance for the year ended December 31, 2025. The board of directors of the Company informed the shareholders and potential investors of the Company that, based on the Board's preliminary assessment of the unaudited consolidated management accounts of the Group (the "Unaudited Management Accounts") for the year ended December 31, 2025 (the "FY 2025"), it is expected that the Group is likely to record a consolidated net profit for the Fiscal Year 2025 in the range of HKD 45.0 million to HKD 55.0 million, as compared to a consolidated net loss of approximately HKD 61.6 million for the nine months ended December 31, 2024 (the "Period 2024").お知らせ • Feb 12Willas-Array Electronics (Holdings) Limited to Report Fiscal Year 2025 Results on Feb 27, 2026Willas-Array Electronics (Holdings) Limited announced that they will report fiscal year 2025 results on Feb 27, 2026Valuation Update With 7 Day Price Move • Jan 14Investor sentiment improves as stock rises 20%After last week's 20% share price gain to S$1.07, the stock trades at a trailing P/E ratio of 38.9x. Average trailing P/E is 14x in the Electronic industry in Singapore. Total returns to shareholders of 98% over the past three years.Board Change • Dec 17High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Shaoli Huang is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Board Change • Oct 16High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Shaoli Huang is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 34%After last week's 34% share price gain to S$1.11, the stock trades at a trailing P/E ratio of 40.4x. Average trailing P/E is 13x in the Electronic industry in Singapore. Total returns to shareholders of 76% over the past three years.New Risk • Aug 15New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Shares are highly illiquid. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (S$85.4m market cap, or US$66.6m).Reported Earnings • Aug 15First half 2025 earnings released: EPS: HK$0.24 (vs HK$0.90 loss in 1H 2024)First half 2025 results: EPS: HK$0.24 (up from HK$0.90 loss in 1H 2024). Revenue: HK$1.16b (down 2.1% from 1H 2024). Net income: HK$20.7m (up HK$99.3m from 1H 2024). Profit margin: 1.8% (up from net loss in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.お知らせ • Aug 04Willas-Array Electronics (Holdings) Limited to Report First Half, 2025 Results on Aug 14, 2025Willas-Array Electronics (Holdings) Limited announced that they will report first half, 2025 results on Aug 14, 2025New Risk • Jul 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor 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 Shares are highly illiquid. Earnings have declined by 38% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (S$72.4m market cap, or US$56.4m).Board Change • Jul 16High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Shaoli Huang is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • Jul 15Willas-Array Electronics (Holdings) Limited has completed a Follow-on Equity Offering in the amount of HKD 39.9 million.Willas-Array Electronics (Holdings) Limited has completed a Follow-on Equity Offering in the amount of HKD 39.9 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 15,000,000 Price\Range: HKD 2.66 Transaction Features: Subsequent Direct Listingお知らせ • Jun 30Willas-Array Electronics (Holdings) Limited Appoints Huang Shaoli as Member of Nomination Committee, Effective June 30, 2025Willas-Array Electronics (Holdings) Limited announced appointment of Ms. Huang Shaoli as Member of Nomination Committee. Role And Responsibilities: Non-executive. Job Title: Non-executive Director, Member of Nomination Committee. Working Experience: Vice President, Shanghai YCT Electronics Group Co. Ltd. ("Shanghai YCT") (2010 - 2019) Director, Shanghai YCT (2019 - present). Other DirectorShips Present: Director, Shanghai YCT Electronics Group Co. Ltd. Director, Kunshan Archer Electronics Co. Ltd. Director, Texin (HongKong) Electronics Co. Limited Chairman, Shenzhen E-MANTECH Ltd. Director, Jieyang Xuze Electronic Parts Co. Ltd. Director, Nanjing Shenlichuang Technology Co. Ltd. Director, Shanghai Xuhe Energy Saving Technology Co. Ltd. Director, Shanghai Xuze Electronic Components Co. Ltd. Director, Shanghai YCT Shengxin Engineering Management Co. Ltd. Director, Shenzhen Ouchuangxin Semiconductor Co. Ltd. Director, Sunac Micro (Shanghai) Electronic Technology Co. Ltd. Director, WE COMPONENTS (SHANGHAI) CO LTD Director, WINSTAR INVESTMENT MANAGEMENT PTE LTD Director, Xinsida Components (Shanghai) Co. Ltd. Director Experience Details: Non-executive director, Willas-Array Electronics (Holdings) Limited (May 2023 - present). Professional Qualifications: Master of business administration, Raffles University, 2023 Junior College Degree in International Business, Shanghai Institute of Science & Technology Management, 1999. Appointment Date is June 30, 2025.Board Change • Jun 20High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Shaoli Huang is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • May 22Willas-Array Electronics (Holdings) Limited, Annual General Meeting, Jun 27, 2025Willas-Array Electronics (Holdings) Limited, Annual General Meeting, Jun 27, 2025, at 09:30 Singapore Standard Time.Board Change • May 16High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Shaoli Huang is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • May 07Willas-Array Electronics (Holdings) Limited to Report Q3, 2025 Results on May 21, 2025Willas-Array Electronics (Holdings) Limited announced that they will report Q3, 2025 results on May 21, 2025お知らせ • Mar 10Willas-Array Electronics (Holdings) Limited to Report Fiscal Year 2025 Results on Mar 31, 2025Willas-Array Electronics (Holdings) Limited announced that they will report fiscal year 2025 results at 5:00 PM, Singapore Standard Time on Mar 31, 2025Board Change • Feb 21High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Shaoli Huang is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Board Change • Jan 23High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Shaoli Huang is the most experienced director on the board, commencing their role in 2023. 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 • Nov 27First half 2025 earnings released: HK$0.71 loss per share (vs HK$1.09 loss in 1H 2024)First half 2025 results: HK$0.71 loss per share (improved from HK$1.09 loss in 1H 2024). Revenue: HK$1.19b (down 13% from 1H 2024). Net loss: HK$62.2m (loss narrowed 35% from 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.Board Change • Nov 27High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Shaoli Huang is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • Nov 14Willas-Array Electronics (Holdings) Limited to Report First Half, 2025 Results on Nov 22, 2024Willas-Array Electronics (Holdings) Limited announced that they will report first half, 2025 results on Nov 22, 2024お知らせ • Oct 21Willas-Array Electronics (Holdings) Limited Announces Re-Designation of Mr. Xie Lishu from A Non-Executive Director to an Executive DirectorThe board of directors of Willas-Array Electronics (Holdings) Limited announced that Mr. Xie Lishu has been re-designated from a non-executive Director to an executive Director with effect from October 21, 2024. Mr. Xie will remain as the chairman of the Board as well as the chairman of the employee share option scheme committee of the Company. Mr. Xie, aged 52, was appointed as a non-executive Director and the chairman of the Board as well as the chairman of the ESOS Committee on May 20, 2023. Mr. Xie also serves as a director for various subsidiaries of the Company. Mr. Xie obtained a bachelor's degree in applied chemistry from Tongji University in 1996. He has over 27 years of experience in the electronics industry. He was a sales manager of China Circuit Technology (Shantou) Corporation from 1996 to 1999. Since 2008, Mr. Xie served as the chief executive officer of Shanghai YCT Electronics Group Co. Ltd., which is a company listed on the ChiNext Board of the Shenzhen Stock Exchange and Mr. Xie also served as the chairman of the board of directors of Shanghai YCT since 2019.Reported Earnings • Jun 23Full year 2024 earnings released: HK$1.93 loss per share (vs HK$0.031 profit in FY 2023)Full year 2024 results: HK$1.93 loss per share (down from HK$0.031 profit in FY 2023). Revenue: HK$2.66b (down 15% from FY 2023). Net loss: HK$169.2m (down HK$171.9m from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance.お知らせ • Jun 22Willas-Array Electronics (Holdings) Limited, Annual General Meeting, Jul 31, 2024Willas-Array Electronics (Holdings) Limited, Annual General Meeting, Jul 31, 2024, at 09:30 Singapore Standard Time.お知らせ • Jun 13Willas-Array Electronics (Holdings) Limited to Report Fiscal Year 2024 Results on Jun 21, 2024Willas-Array Electronics (Holdings) Limited announced that they will report fiscal year 2024 results on Jun 21, 2024分析記事 • Feb 02Is Willas-Array Electronics (Holdings) (SGX:BDR) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Board Change • Dec 28High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Shaoli Huang is the most experienced director on the board, commencing their role in 2023. 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 • Dec 03First half 2024 earnings released: HK$1.09 loss per share (vs HK$0.15 profit in 1H 2023)First half 2024 results: HK$1.09 loss per share (down from HK$0.15 profit in 1H 2023). Revenue: HK$1.36b (down 24% from 1H 2023). Net loss: HK$95.2m (down HK$108.1m from profit in 1H 2023). 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.お知らせ • Nov 24Willas-Array Electronics (Holdings) Limited Provides Unaudited Consolidated Earnings Guidance for the First Half of Fiscal Year 2024Willas-Array Electronics (Holdings) Limited provided unaudited consolidated earnings guidance for the first half of fiscal year 2024. For the period, the company expects net loss of approximately HKD 95.2 million for 1H FY2024 as compared to a consolidated net profit of approximately HKD12.8 million for the six months ended September 30, 2022. The expected consolidated net loss for 1H FY2024 was mainly attributable to: (i) a decline in sales revenue of the Group as a result of the weak demand, strong inflation and continuous interest rate increase in 1H FY2024; (ii) a decrease in gross margin due to severe price competition in the overall electronic components market, which has exerted pressure on product margin; (iii) an increase in stock provision made for the slow-moving inventories due to a slowdown of market demand in 1H FY2024 as compared to 1H FY2023 where there was no stock provision; (iv) net impairment losses recognised under expected credit loss on trade receivables in 1H FY2024 as compared to 1H FY2023 where no such impairment losses was made; and (v) an increase in finance costs mainly due to rising weighted average effective interest rate in 1H FY2024 as compared to 1H FY2023. The adjusted loss attributable to owners of the Company was approximately HKD34.5 million in 1H FY2024, if excluding the stock provision of approximately HKD37.0 million, net impairment losses recognised under expected credit loss on trade receivables of approximately HKD8.4 million, and a net exchange loss of approximately HKD15.4 million.お知らせ • Nov 15Willas-Array Electronics (Holdings) Limited Announces Appointment of Fan Qinsheng as Executive DirectorThe board of directors of Willas-Array Electronics (Holdings) Limited announced that Mr. Fan Qinsheng ("Mr. Fan") has been appointed by the Board as an executive Director with effect from November 14, 2023. Mr. Fan, aged 50, is responsible for overseeing financial internal control and compliance, external information distribution and risk management of the Group. He is also the supervisor of two subsidiaries of the Company in People's Republic of China. Mr. Fan graduated with a degree of Finance from Sun Yat-sen University in 2017. Before joining the Group, he was the assistant branch manager of Jieyang City Rongcheng Branch, Bank of China from May 2002 to June 2004, a sales officer of Jieyang City Branch Bank, Bank of China from November 2005 to December 2008, the branch manager of Jieyang Rongcheng Branch, Bank of China from July 2007 to June 2009, the branch manager of Jieyang Dongshan Branch, Bank of China from June 2008 to June 2010, the General Manager of International Business Department of Guangdong Jieyang Rural Commercial Bank from 2013 to 2021, a senior manager of Shanghai YCT Electronics Group Co. Ltd. (a company listed on the ChiNext Board of the Shenzhen Stock Exchange) from October 2021 to July 2023. Mr. Fan joined the Group as a financial manager in September 2023.お知らせ • Nov 03Willas-Array Electronics (Holdings) Limited to Report First Half, 2024 Results on Nov 14, 2023Willas-Array Electronics (Holdings) Limited announced that they will report first half, 2024 results on Nov 14, 2023お知らせ • Oct 05Willas-Array Electronics (Holdings) Limited Announces Change in Company SecretaryThe board of directors of the Willas-Array Electronics (Holdings) Limited announced that Ms. Chan Lai Yee (‘Ms. Chan’) has been appointed as a joint company secretary of the Company (the ‘Joint Company Secretary’) with effect from October 3, 2023. The existing Company Secretary, Mr. Leung, has become the other Joint Company Secretary with effect from the same day and will assist Ms. Chan in discharging her duties as a Joint Company Secretary for smooth transition of the role of company secretary. Mr. Leung will cease to be the Joint Company Secretary on November 2, 2023 and Ms. Chan will be the Company Secretary effective from November 2, 2023. The biographical details of Ms. Chan are set out as follows: Ms. Chan, aged 37, is an associate of The Hong Kong Chartered Governance Institute and an associate of The Chartered Governance Institute. She joined the Group in July 2021 as the Company Secretarial Officer and her scope of work includes assisting the Company Secretary in performing company secretarial duties for the Company. Ms. Chan graduated with a degree of Bachelor of Arts in Fashion and Textiles from The Hong Kong Polytechnic University in 2012, has been awarded Professional Diploma for Company Secretaries from The Hong Kong Management Association in 2015 and a degree of Master of Corporate Governance from The Open University of Hong Kong (currently known as Hong Kong Metropolitan University) in 2018. Prior to joining the Group, Ms. Chan has worked in other companies listed on the Main Board of The Stock Exchange of Hong Kong Limited from 2017 to 2021, as well as international corporate services provider company and local accounting firm from 2014 to 2017, where she gained over 9 years of experience in company secretarial area.分析記事 • Sep 19Returns On Capital Signal Difficult Times Ahead For Willas-Array Electronics (Holdings) (SGX:BDR)When we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...Board Change • Sep 19High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. 1 highly experienced director. CFO, Company Secretary & Executive Director Raymond Leung is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Board Change • Sep 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Zhang Yingwei Chong was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Aug 30+ 1 more updateWillas-Array Electronics (Holdings) Limited Announces Cessation of Hon Kar Chun as Executive DirectorWillas-Array Electronics (Holdings) Limited announced cessation of Mr. Hon Kar Chun as Executive Director, Managing Director, Member of Employee Share Option Scheme Committee and Authorised Representative.お知らせ • Aug 25+ 3 more updatesWillas-Array Electronics (Holdings) Limited Appoints Chong Eng Wee as Lead Independent DirectorWillas-Array Electronics (Holdings) Limited announced that Chong Eng Wee, currently an Independent Non-executive Director of Willas-Array Electronics (Holdings) Limited. The Board has considered the Nomination Committee's recommendation and assessment on Mr. Chong's background, qualifications, experience, independence and commitment, in considering his ability to discharge his duties as a Director of Willas-Array Electronics (Holdings) Limited, and being satisfied that he has the requisite capabilities to continue to contribute to the Board, has approved his appointment as the Lead Independent Director of the Company. Job Title: INED, Lead ID, Member of AC, NC, Remuneration Committee and Compliance Committee Chairman of NC (with effect from August 30, 2023). Working Experience: Managing Director, Chevalier Law LLC (August 2021 - present) Partner, Nixon Peabody CWL (July 2023 - present) Director, Chevalier CS Pte. Ltd. (April 2022 - present) Consultant, Nixon Peabody CWL (December 2021 - June 2023) Partner & Head of Corporate, Kennedys Legal Solutions Pte Ltd. (October 2017 - July 2021) Partner & Deputy Head, Capital Markets & International China Practice, RHTLaw Taylor Wessing LLP (July 2015 - October 2017) Associate Director & Representative of Shanghai Representative office, Duane Morris & Selvam LLP (April 2011 - June 2015). Other DirectorShips Past: Non-Executive and Lead Independent Director, GS Holdings Limited (January 2019 - June 2023) Consultant, Nixon Peabody CWL (December 2021 - June 2023) Non-Executive and Independent Director, KTL Global Limited (August 2019 - March 2022) Non-Executive and Independent Director, CW Group Holdings Limited (November 2018 - June 2019) Non-Executive and Independent Director, Innopac Holdings Limited (April 2018 - December 2018). Other DirectorShips Present: Managing Director, Chevalier Law LLC (August 2021 - present) Partner, Nixon Peabody CWL (July 2023 - present) Director, Chevalier CS Pte. Ltd. (April 2022 - present) Non-Executive and Independent Director, OEL (Holdings) Limited (June 2020 - present) Non-Executive and Lead Independent Director, Heatec Jietong Holdings Limited (April 2018 - present) Company Secretary of China Vanadium Titano-Magnetite Mining Company Limited (December 2019 - present) Company Secretary of LHN Limited (April 2020 - present) Company Secretary of Sincap Group Limited (November 2020 - present) Company Secretary of LHN Logistics Limited (April 2022 - present) Company Secretary of Shanghai Turbo Enterprises Ltd. (October 2022 - present) Director, Coronet Ventures (Singapore) Pte Ltd. (May 2023 - present). Director Experience Details: Non-Executive and Independent Director, OEL (Holdings) Limited (SGX-ST Stock code: 584) (June 2020 - present) Non-Executive and Lead Independent Director, Heatec Jietong Holdings Limited (SGX-ST Stock code: 5OR) (April 2018 - present). Professional Qualifications: Admitted as Advocate & Solicitor of Supreme Court of Singapore Admitted as Solicitor of the High Court of Hong Kong Admitted as Barrister & Solicitor of High Court of New Zealand Admitted as lawyer of the Supreme Court of New South Wales, Australia Postgraduate Practical Course in Law, Board of Legal Education, Singapore Graduate Diploma in Singapore Law, National University of Singapore Certificate for Professional Legal Studies course (New Zealand), Institution of Professional Legal Studies Bachelor of Laws, Victoria University of Wellington. Appointment Date is August 23, 2023.お知らせ • Aug 15Willas-Array Electronics (Holdings) Limited Announces Board ChangesThe board of directors of Willas-Array Electronics (Holdings) Limited announced that Mr. Chong Eng Wee ("Mr. Chong") has been appointed by the Board as an independent non-executive Director (the "Independent Non-executive Director") with effect from August 11, 2023. Mr. Chong has also been appointed as a member of each of the audit committee of the Company (the "Audit Committee"), nomination committee of the Company (the "Nomination Committee"), remuneration committee of the Company (the "Remuneration Committee") and compliance committee of the Company, with effect from August 11, 2023. Upon the effective date of the resignation of Mr. Tang Wai Loong Kenneth ("Mr. Tang") as an Independent Non-executive Director on August 30, 2023, Mr. Chong shall also be appointed as the chairman of the Nomination Committee with effect from August 30, 2023 to replace Mr. Tang. Mr. Chong, aged 43, graduated with a degree of Bachelor of Laws from Victoria University of Wellington, completed the Professional Legal Studies Course (New Zealand) from Institution of Professional Legal Studies, was awarded the Graduate Diploma in Singapore Law from National University of Singapore and completed the Postgraduate Practical Course in Law from Board of Legal Education, Singapore. Mr. Chong is an Advocate and Solicitor of the Supreme Court of Singapore, a Solicitor of the High Court of Hong Kong, a Barrister and Solicitor of the High Court of New Zealand and a lawyer of the Supreme Court of New South Wales, Australia. Mr. Chong is the managing director of Chevalier Law LLC since August 2021, a director of Chevalier CS Pte. Ltd. since April 2022 and a partner of Nixon Peabody CWL since July 2023. He was a consultant of Nixon Peabody CWL from December 2021 to June 2023, a partner and head of Corporate at Kennedys Legal Solutions Pte. Ltd. from October 2017 to July 2021, a partner and deputy head of Capital Markets & International China Practice at RHTLaw Taylor Wessing LLP from July 2015 to October 2017, and an associate director and representative of Shanghai representative office at Duane Morris & Selvam LLP from April 2011 to June 2015.お知らせ • Aug 03+ 1 more updateWillas-Array Electronics (Holdings) Limited Announces Cessation of Leung Hon Shing as Chief Financial Officer, Effective November 2, 2023Willas-Array Electronics (Holdings) Limited announced cessation of Leung Hon Shing as Chief Financial Officer, effective on November 2, 2023. Since the recent significant shareholding and leadership changes in the Company, he has tried his best efforts to bridge the communication gap with the new leadership. Notwithstanding that Mr. Leung does not have any unresolved differences in opinion on material matters with the Board, in view of the lack of alignment with the new leadership, he has difficulty in discharging his duties effectively. As such, Mr. Leung is of the view that this would be an appropriate juncture for him to step down from his roles in the Company, and for the Board to appoint suitable candidate to take on his roles.Reported Earnings • Jul 05Full year 2023 earnings released: EPS: HK$0.031 (vs HK$0.96 in FY 2022)Full year 2023 results: EPS: HK$0.031 (down from HK$0.96 in FY 2022). Revenue: HK$3.14b (down 8.5% from FY 2022). Net income: HK$2.72m (down 97% from FY 2022). Profit margin: 0.1% (down from 2.4% in FY 2022). Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 32% per year.Board Change • Jun 28Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Kai Tong was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Jun 02Full year 2023 earnings released: EPS: HK$0.031 (vs HK$0.96 in FY 2022)Full year 2023 results: EPS: HK$0.031 (down from HK$0.96 in FY 2022). Revenue: HK$3.14b (down 8.5% from FY 2022). Net income: HK$2.72m (down 97% from FY 2022). Profit margin: 0.1% (down from 2.4% in FY 2022). Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 34% per year.お知らせ • Jun 01Willas-Array Electronics (Holdings) Limited Announces Resignation of Mr. Tang Wai Loong Kenneth as Independent Non-Executive Director, Chairman of the Nomination Committee, Member of the Audit Committee, the Remuneration Committee and the Compliance CommitteeWillas-Array Electronics (Holdings) Limited announced resignation of Mr. Tang Wai Loong Kenneth as Independent Non-executive Director, Chairman of the Nomination Committee, Member of the Audit Committee, the Remuneration Committee and the Compliance Committee. Mr. Tang Wai Loong Kenneth has tendered his resignation as the Independent Non-executive Director, Chairman of the Nomination Committee, Member of the Audit Committee, the Remuneration Committee and the Compliance Committee of the Company due to his belief that the Company's next phase of development should be helmed by a refreshed Board after recent significant shareholding and leadership change of the Company and his having to devote more time and attention to his personal commitments.お知らせ • May 31+ 1 more updateWillas-Array Electronics (Holdings) Limited, Annual General Meeting, Jul 28, 2023Willas-Array Electronics (Holdings) Limited, Annual General Meeting, Jul 28, 2023, at 09:30 China Standard Time.Board Change • May 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Kai Tong was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.分析記事 • May 26Estimating The Fair Value Of Willas-Array Electronics (Holdings) Limited (SGX:BDR)Key Insights The projected fair value for Willas-Array Electronics (Holdings) is S$0.64 based on Dividend Discount...お知らせ • May 20+ 1 more updateWillas-Array Electronics (Holdings) Limited Appoints Xie Lishu as Non-Executive Director, Chairman of Board as Well as Chairman of Employee Share Option Scheme Committee, Effective May 20, 2023Willas-Array Electronics (Holdings) Limited announced appointment of Mr. Xie Lishu as Non-executive Director, Chairman of the Board as well as Chairman of the Employee Share Option Scheme Committee. Appointment date is May 20, 2023. Professional qualifications: Bachelor Degree in Applied Chemistry, Tongji University (from 1992 to 1996). Working experience and occupations during the past 10 years: CEO, Shanghai YCT Electronics Group Co. Ltd. (from 2008 to 2019) and CEO, Chairman and Director, Shanghai YCT (from 2019 to present). Other Directorships, Present: Chairman, SHANGHAI YCT ELECTRONICS GROUP CO., LTD; Director, Shenzhen E-Mantech Co. Ltd; Director, Shanghai Yaxinli Electronics Trading Co Ltd.; Director, Texin Software Co., Ltd; Director, Shanghai Tamul Power Semiconductor Technology Co., Ltd; Chairman, Shenzhen Ouchuangxin Semiconductor Co., Ltd; Director, TEXIN (HONGKONG) ELECTRONICS CO. LIMITED; Director, TAMUL POWER SEMICONDUCTOR LLC; Director, UPC ELECTRONICS PTE LIMITED; Director, YC ELECTRONIC PARTS CO., LIMITED; Director, UPC COMPONENTS PRIVATE LIMITED; Director, ECORE ELECTRONICS CO., LIMITED; Director, WE COMPONENTS PTE. LTD.; Director, Guizhou Yaguang Electronics Technology Co. Ltd.; Director, Jieyang Kaisheng Electronics Co., Ltd; and Partner, Shanghai Shuoqing Enterprise Management Center (Limited partnership).お知らせ • May 17Willas-Array Electronics (Holdings) Limited to Report Fiscal Year 2023 Results on May 30, 2023Willas-Array Electronics (Holdings) Limited announced that they will report fiscal year 2023 results on May 30, 2023Recent Insider Transactions • Apr 29Insider recently sold S$25m worth of stockOn the 26th of April, Chun Wah Leung sold around 15m shares on-market at roughly S$1.70 per share. This transaction amounted to 68% 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$25m more than they bought in the last 12 months.分析記事 • Mar 08Willas-Array Electronics (Holdings) (SGX:BDR) Has Some Way To Go To Become A Multi-BaggerThere are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...Board Change • Dec 20Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Kai Tong was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 18First half 2023 earnings released: EPS: HK$0.15 (vs HK$0.51 in 1H 2022)First half 2023 results: EPS: HK$0.15 (down from HK$0.51 in 1H 2022). Revenue: HK$1.78b (flat on 1H 2022). Net income: HK$12.8m (down 71% from 1H 2022). Profit margin: 0.7% (down from 2.4% in 1H 2022). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Kai Tong was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.分析記事 • Oct 18Investors Met With Slowing Returns on Capital At Willas-Array Electronics (Holdings) (SGX:BDR)If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Upcoming Dividend • Aug 29Upcoming dividend of HK$0.73 per shareEligible shareholders must have bought the stock before 05 September 2022. Payment date: 21 September 2022. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 7.7%. Within top quartile of Singaporean dividend payers (6.0%). Higher than average of industry peers (4.5%).Buying Opportunity • Aug 29Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 4.4%. The fair value is estimated to be S$0.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable.Reported Earnings • Aug 02Full year 2022 earnings released: EPS: HK$0.96 (vs HK$1.09 in FY 2021)Full year 2022 results: EPS: HK$0.96 (down from HK$1.09 in FY 2021). Revenue: HK$3.43b (down 3.7% from FY 2021). Net income: HK$82.2m (down 11% from FY 2021). Profit margin: 2.4% (down from 2.6% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Aug 01Now 20% undervaluedOver the last 90 days, the stock is up 2.0%. The fair value is estimated to be S$0.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable.Buying Opportunity • Jul 06Now 21% undervaluedOver the last 90 days, the stock is up 12%. The fair value is estimated to be S$0.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable.Buying Opportunity • Jun 17Now 20% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be S$0.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable.分析記事 • May 31Here's What To Make Of Willas-Array Electronics (Holdings)'s (SGX:BDR) Decelerating Rates Of ReturnWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...Reported Earnings • May 29Full year 2022 earnings released: EPS: HK$0.96 (vs HK$1.09 in FY 2021)Full year 2022 results: EPS: HK$0.96 (down from HK$1.09 in FY 2021). Revenue: HK$3.43b (down 3.7% from FY 2021). Net income: HK$82.2m (down 11% from FY 2021). Profit margin: 2.4% (down from 2.6% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • May 13Insider recently bought S$52k worth of stockOn the 10th of May, Seng Chong Yeo bought around 74k shares on-market at roughly S$0.70 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought S$94k more in shares than they have sold in the last 12 months.Board Change • Apr 28Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Kenneth Tang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Dec 17First half 2022 earnings: Revenues and EPS in line with analyst expectationsFirst half 2022 results: EPS: HK$0.51 (up from HK$0.26 in 1H 2021). Revenue: HK$1.79b (up 5.8% from 1H 2021). Net income: HK$43.5m (up 94% from 1H 2021). Profit margin: 2.4% (up from 1.3% in 1H 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Board Change • Dec 07Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Lee Meng Lim was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 13First half 2022 earnings releasedThe company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down HK$22.4m from profit in 1H 2021). Profit margin: (down from 1.3% in 1H 2021). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 30Upcoming dividend of HK$0.33 per shareEligible shareholders must have bought the stock before 06 August 2021. Payment date: 27 August 2021. Trailing yield: 7.8%. Within top quartile of Singaporean dividend payers (5.0%). Higher than average of industry peers (3.7%).Reported Earnings • Jun 30Full year 2021 earnings released: EPS HK$1.09 (vs HK$0.85 loss in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: HK$3.56b (up 12% from FY 2020). Net income: HK$92.5m (up HK$165.0m from FY 2020). Profit margin: 2.6% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.分析記事 • Jun 07Here's Why Willas-Array Electronics (Holdings) (SGX:BDR) Can Manage Its Debt ResponsiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Reported Earnings • May 29Full year 2021 earnings released: EPS HK$1.09 (vs HK$0.85 loss in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: HK$3.56b (up 12% from FY 2020). Net income: HK$92.5m (up HK$165.0m from FY 2020). Profit margin: 2.6% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.分析記事 • Apr 16Investors Could Be Concerned With Willas-Array Electronics (Holdings)'s (SGX:BDR) Returns On CapitalTo find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...分析記事 • Feb 22The Strong Earnings Posted By Willas-Array Electronics (Holdings) (SGX:BDR) Are A Good Indication Of The Strength Of The BusinessWillas-Array Electronics (Holdings) Limited ( SGX:BDR ) just reported healthy earnings but the stock price didn't move...分析記事 • Feb 17These 4 Measures Indicate That Willas-Array Electronics (Holdings) (SGX:BDR) Is Using Debt Reasonably WellLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Reported Earnings • Feb 11Third quarter 2021 earnings released: EPS HK$0.44 (vs HK$0.053 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: HK$1.06b (up 25% from 3Q 2020). Net income: HK$37.3m (up HK$41.8m from 3Q 2020). Profit margin: 3.5% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 74% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.分析記事 • Jan 22Key Things To Understand About Willas-Array Electronics (Holdings)'s (SGX:BDR) CEO Pay ChequeAlvin Hon became the CEO of Willas-Array Electronics (Holdings) Limited ( SGX:BDR ) in 2014, and we think it's a good...分析記事 • Dec 18These Metrics Don't Make Willas-Array Electronics (Holdings) (SGX:BDR) Look Too StrongTo avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...Reported Earnings • Dec 14Second quarter 2021 earnings released: EPS HK$0.18The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: HK$925.9m (up 5.2% from 2Q 2020). Net income: HK$15.3m (up HK$46.5m from 2Q 2020). Profit margin: 1.7% (up from net loss in 2Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 97% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 13Second quarter 2021 earnings released: EPS HK$0.18The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: HK$925.9m (up 5.2% from 2Q 2020). Net income: HK$15.3m (up HK$46.5m from 2Q 2020). Profit margin: 1.7% (up from net loss in 2Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 97% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.財務状況分析短期負債: BDRの 短期資産 ( HK$1.1B ) が 短期負債 ( HK$851.0M ) を超えています。長期負債: BDRの短期資産 ( HK$1.1B ) が 長期負債 ( HK$1.2M ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: BDRの 純負債対資本比率 ( 93% ) は 高い と見なされます。負債の削減: BDRの負債対資本比率は、過去 5 年間で73.6%から115.3%に増加しました。債務返済能力: BDRの負債は 営業キャッシュフロー によって 十分にカバー されています ( 40.9% )。インタレストカバレッジ: BDRの負債に対する 利息支払い は EBIT ( 2.4 x coverage) によって 十分にカバーされていません。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YTech 業界の健全な企業。View Dividend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2026/05/25 19:37終値2026/05/18 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Willas-Array Electronics (Holdings) 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
分析記事 • Feb 02Is Willas-Array Electronics (Holdings) (SGX:BDR) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
分析記事 • Jun 07Here's Why Willas-Array Electronics (Holdings) (SGX:BDR) Can Manage Its Debt ResponsiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
分析記事 • Feb 17These 4 Measures Indicate That Willas-Array Electronics (Holdings) (SGX:BDR) Is Using Debt Reasonably WellLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Valuation Update With 7 Day Price Move • Apr 30Investor sentiment improves as stock rises 30%After last week's 30% share price gain to S$1.14, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 19x in the Electronic industry in Singapore. Total returns to shareholders of 97% over the past three years.
Board Change • Apr 01High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Shaoli Huang is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Board Change • Mar 03High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Shaoli Huang is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • Feb 14Willas-Array Electronics (Holdings) Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended December 31, 2025Willas-Array Electronics (Holdings) Limited provided unaudited consolidated earnings guidance for the year ended December 31, 2025. The board of directors of the Company informed the shareholders and potential investors of the Company that, based on the Board's preliminary assessment of the unaudited consolidated management accounts of the Group (the "Unaudited Management Accounts") for the year ended December 31, 2025 (the "FY 2025"), it is expected that the Group is likely to record a consolidated net profit for the Fiscal Year 2025 in the range of HKD 45.0 million to HKD 55.0 million, as compared to a consolidated net loss of approximately HKD 61.6 million for the nine months ended December 31, 2024 (the "Period 2024").
お知らせ • Feb 12Willas-Array Electronics (Holdings) Limited to Report Fiscal Year 2025 Results on Feb 27, 2026Willas-Array Electronics (Holdings) Limited announced that they will report fiscal year 2025 results on Feb 27, 2026
Valuation Update With 7 Day Price Move • Jan 14Investor sentiment improves as stock rises 20%After last week's 20% share price gain to S$1.07, the stock trades at a trailing P/E ratio of 38.9x. Average trailing P/E is 14x in the Electronic industry in Singapore. Total returns to shareholders of 98% over the past three years.
Board Change • Dec 17High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Shaoli Huang is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Board Change • Oct 16High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Shaoli Huang is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 34%After last week's 34% share price gain to S$1.11, the stock trades at a trailing P/E ratio of 40.4x. Average trailing P/E is 13x in the Electronic industry in Singapore. Total returns to shareholders of 76% over the past three years.
New Risk • Aug 15New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Shares are highly illiquid. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (S$85.4m market cap, or US$66.6m).
Reported Earnings • Aug 15First half 2025 earnings released: EPS: HK$0.24 (vs HK$0.90 loss in 1H 2024)First half 2025 results: EPS: HK$0.24 (up from HK$0.90 loss in 1H 2024). Revenue: HK$1.16b (down 2.1% from 1H 2024). Net income: HK$20.7m (up HK$99.3m from 1H 2024). Profit margin: 1.8% (up from net loss in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
お知らせ • Aug 04Willas-Array Electronics (Holdings) Limited to Report First Half, 2025 Results on Aug 14, 2025Willas-Array Electronics (Holdings) Limited announced that they will report first half, 2025 results on Aug 14, 2025
New Risk • Jul 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor 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 Shares are highly illiquid. Earnings have declined by 38% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (S$72.4m market cap, or US$56.4m).
Board Change • Jul 16High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Shaoli Huang is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • Jul 15Willas-Array Electronics (Holdings) Limited has completed a Follow-on Equity Offering in the amount of HKD 39.9 million.Willas-Array Electronics (Holdings) Limited has completed a Follow-on Equity Offering in the amount of HKD 39.9 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 15,000,000 Price\Range: HKD 2.66 Transaction Features: Subsequent Direct Listing
お知らせ • Jun 30Willas-Array Electronics (Holdings) Limited Appoints Huang Shaoli as Member of Nomination Committee, Effective June 30, 2025Willas-Array Electronics (Holdings) Limited announced appointment of Ms. Huang Shaoli as Member of Nomination Committee. Role And Responsibilities: Non-executive. Job Title: Non-executive Director, Member of Nomination Committee. Working Experience: Vice President, Shanghai YCT Electronics Group Co. Ltd. ("Shanghai YCT") (2010 - 2019) Director, Shanghai YCT (2019 - present). Other DirectorShips Present: Director, Shanghai YCT Electronics Group Co. Ltd. Director, Kunshan Archer Electronics Co. Ltd. Director, Texin (HongKong) Electronics Co. Limited Chairman, Shenzhen E-MANTECH Ltd. Director, Jieyang Xuze Electronic Parts Co. Ltd. Director, Nanjing Shenlichuang Technology Co. Ltd. Director, Shanghai Xuhe Energy Saving Technology Co. Ltd. Director, Shanghai Xuze Electronic Components Co. Ltd. Director, Shanghai YCT Shengxin Engineering Management Co. Ltd. Director, Shenzhen Ouchuangxin Semiconductor Co. Ltd. Director, Sunac Micro (Shanghai) Electronic Technology Co. Ltd. Director, WE COMPONENTS (SHANGHAI) CO LTD Director, WINSTAR INVESTMENT MANAGEMENT PTE LTD Director, Xinsida Components (Shanghai) Co. Ltd. Director Experience Details: Non-executive director, Willas-Array Electronics (Holdings) Limited (May 2023 - present). Professional Qualifications: Master of business administration, Raffles University, 2023 Junior College Degree in International Business, Shanghai Institute of Science & Technology Management, 1999. Appointment Date is June 30, 2025.
Board Change • Jun 20High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Shaoli Huang is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • May 22Willas-Array Electronics (Holdings) Limited, Annual General Meeting, Jun 27, 2025Willas-Array Electronics (Holdings) Limited, Annual General Meeting, Jun 27, 2025, at 09:30 Singapore Standard Time.
Board Change • May 16High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Shaoli Huang is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • May 07Willas-Array Electronics (Holdings) Limited to Report Q3, 2025 Results on May 21, 2025Willas-Array Electronics (Holdings) Limited announced that they will report Q3, 2025 results on May 21, 2025
お知らせ • Mar 10Willas-Array Electronics (Holdings) Limited to Report Fiscal Year 2025 Results on Mar 31, 2025Willas-Array Electronics (Holdings) Limited announced that they will report fiscal year 2025 results at 5:00 PM, Singapore Standard Time on Mar 31, 2025
Board Change • Feb 21High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Shaoli Huang is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Board Change • Jan 23High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Shaoli Huang is the most experienced director on the board, commencing their role in 2023. 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 • Nov 27First half 2025 earnings released: HK$0.71 loss per share (vs HK$1.09 loss in 1H 2024)First half 2025 results: HK$0.71 loss per share (improved from HK$1.09 loss in 1H 2024). Revenue: HK$1.19b (down 13% from 1H 2024). Net loss: HK$62.2m (loss narrowed 35% from 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.
Board Change • Nov 27High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Shaoli Huang is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • Nov 14Willas-Array Electronics (Holdings) Limited to Report First Half, 2025 Results on Nov 22, 2024Willas-Array Electronics (Holdings) Limited announced that they will report first half, 2025 results on Nov 22, 2024
お知らせ • Oct 21Willas-Array Electronics (Holdings) Limited Announces Re-Designation of Mr. Xie Lishu from A Non-Executive Director to an Executive DirectorThe board of directors of Willas-Array Electronics (Holdings) Limited announced that Mr. Xie Lishu has been re-designated from a non-executive Director to an executive Director with effect from October 21, 2024. Mr. Xie will remain as the chairman of the Board as well as the chairman of the employee share option scheme committee of the Company. Mr. Xie, aged 52, was appointed as a non-executive Director and the chairman of the Board as well as the chairman of the ESOS Committee on May 20, 2023. Mr. Xie also serves as a director for various subsidiaries of the Company. Mr. Xie obtained a bachelor's degree in applied chemistry from Tongji University in 1996. He has over 27 years of experience in the electronics industry. He was a sales manager of China Circuit Technology (Shantou) Corporation from 1996 to 1999. Since 2008, Mr. Xie served as the chief executive officer of Shanghai YCT Electronics Group Co. Ltd., which is a company listed on the ChiNext Board of the Shenzhen Stock Exchange and Mr. Xie also served as the chairman of the board of directors of Shanghai YCT since 2019.
Reported Earnings • Jun 23Full year 2024 earnings released: HK$1.93 loss per share (vs HK$0.031 profit in FY 2023)Full year 2024 results: HK$1.93 loss per share (down from HK$0.031 profit in FY 2023). Revenue: HK$2.66b (down 15% from FY 2023). Net loss: HK$169.2m (down HK$171.9m from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance.
お知らせ • Jun 22Willas-Array Electronics (Holdings) Limited, Annual General Meeting, Jul 31, 2024Willas-Array Electronics (Holdings) Limited, Annual General Meeting, Jul 31, 2024, at 09:30 Singapore Standard Time.
お知らせ • Jun 13Willas-Array Electronics (Holdings) Limited to Report Fiscal Year 2024 Results on Jun 21, 2024Willas-Array Electronics (Holdings) Limited announced that they will report fiscal year 2024 results on Jun 21, 2024
分析記事 • Feb 02Is Willas-Array Electronics (Holdings) (SGX:BDR) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Board Change • Dec 28High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Shaoli Huang is the most experienced director on the board, commencing their role in 2023. 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 • Dec 03First half 2024 earnings released: HK$1.09 loss per share (vs HK$0.15 profit in 1H 2023)First half 2024 results: HK$1.09 loss per share (down from HK$0.15 profit in 1H 2023). Revenue: HK$1.36b (down 24% from 1H 2023). Net loss: HK$95.2m (down HK$108.1m from profit in 1H 2023). 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.
お知らせ • Nov 24Willas-Array Electronics (Holdings) Limited Provides Unaudited Consolidated Earnings Guidance for the First Half of Fiscal Year 2024Willas-Array Electronics (Holdings) Limited provided unaudited consolidated earnings guidance for the first half of fiscal year 2024. For the period, the company expects net loss of approximately HKD 95.2 million for 1H FY2024 as compared to a consolidated net profit of approximately HKD12.8 million for the six months ended September 30, 2022. The expected consolidated net loss for 1H FY2024 was mainly attributable to: (i) a decline in sales revenue of the Group as a result of the weak demand, strong inflation and continuous interest rate increase in 1H FY2024; (ii) a decrease in gross margin due to severe price competition in the overall electronic components market, which has exerted pressure on product margin; (iii) an increase in stock provision made for the slow-moving inventories due to a slowdown of market demand in 1H FY2024 as compared to 1H FY2023 where there was no stock provision; (iv) net impairment losses recognised under expected credit loss on trade receivables in 1H FY2024 as compared to 1H FY2023 where no such impairment losses was made; and (v) an increase in finance costs mainly due to rising weighted average effective interest rate in 1H FY2024 as compared to 1H FY2023. The adjusted loss attributable to owners of the Company was approximately HKD34.5 million in 1H FY2024, if excluding the stock provision of approximately HKD37.0 million, net impairment losses recognised under expected credit loss on trade receivables of approximately HKD8.4 million, and a net exchange loss of approximately HKD15.4 million.
お知らせ • Nov 15Willas-Array Electronics (Holdings) Limited Announces Appointment of Fan Qinsheng as Executive DirectorThe board of directors of Willas-Array Electronics (Holdings) Limited announced that Mr. Fan Qinsheng ("Mr. Fan") has been appointed by the Board as an executive Director with effect from November 14, 2023. Mr. Fan, aged 50, is responsible for overseeing financial internal control and compliance, external information distribution and risk management of the Group. He is also the supervisor of two subsidiaries of the Company in People's Republic of China. Mr. Fan graduated with a degree of Finance from Sun Yat-sen University in 2017. Before joining the Group, he was the assistant branch manager of Jieyang City Rongcheng Branch, Bank of China from May 2002 to June 2004, a sales officer of Jieyang City Branch Bank, Bank of China from November 2005 to December 2008, the branch manager of Jieyang Rongcheng Branch, Bank of China from July 2007 to June 2009, the branch manager of Jieyang Dongshan Branch, Bank of China from June 2008 to June 2010, the General Manager of International Business Department of Guangdong Jieyang Rural Commercial Bank from 2013 to 2021, a senior manager of Shanghai YCT Electronics Group Co. Ltd. (a company listed on the ChiNext Board of the Shenzhen Stock Exchange) from October 2021 to July 2023. Mr. Fan joined the Group as a financial manager in September 2023.
お知らせ • Nov 03Willas-Array Electronics (Holdings) Limited to Report First Half, 2024 Results on Nov 14, 2023Willas-Array Electronics (Holdings) Limited announced that they will report first half, 2024 results on Nov 14, 2023
お知らせ • Oct 05Willas-Array Electronics (Holdings) Limited Announces Change in Company SecretaryThe board of directors of the Willas-Array Electronics (Holdings) Limited announced that Ms. Chan Lai Yee (‘Ms. Chan’) has been appointed as a joint company secretary of the Company (the ‘Joint Company Secretary’) with effect from October 3, 2023. The existing Company Secretary, Mr. Leung, has become the other Joint Company Secretary with effect from the same day and will assist Ms. Chan in discharging her duties as a Joint Company Secretary for smooth transition of the role of company secretary. Mr. Leung will cease to be the Joint Company Secretary on November 2, 2023 and Ms. Chan will be the Company Secretary effective from November 2, 2023. The biographical details of Ms. Chan are set out as follows: Ms. Chan, aged 37, is an associate of The Hong Kong Chartered Governance Institute and an associate of The Chartered Governance Institute. She joined the Group in July 2021 as the Company Secretarial Officer and her scope of work includes assisting the Company Secretary in performing company secretarial duties for the Company. Ms. Chan graduated with a degree of Bachelor of Arts in Fashion and Textiles from The Hong Kong Polytechnic University in 2012, has been awarded Professional Diploma for Company Secretaries from The Hong Kong Management Association in 2015 and a degree of Master of Corporate Governance from The Open University of Hong Kong (currently known as Hong Kong Metropolitan University) in 2018. Prior to joining the Group, Ms. Chan has worked in other companies listed on the Main Board of The Stock Exchange of Hong Kong Limited from 2017 to 2021, as well as international corporate services provider company and local accounting firm from 2014 to 2017, where she gained over 9 years of experience in company secretarial area.
分析記事 • Sep 19Returns On Capital Signal Difficult Times Ahead For Willas-Array Electronics (Holdings) (SGX:BDR)When we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...
Board Change • Sep 19High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. 1 highly experienced director. CFO, Company Secretary & Executive Director Raymond Leung is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Board Change • Sep 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Zhang Yingwei Chong was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Aug 30+ 1 more updateWillas-Array Electronics (Holdings) Limited Announces Cessation of Hon Kar Chun as Executive DirectorWillas-Array Electronics (Holdings) Limited announced cessation of Mr. Hon Kar Chun as Executive Director, Managing Director, Member of Employee Share Option Scheme Committee and Authorised Representative.
お知らせ • Aug 25+ 3 more updatesWillas-Array Electronics (Holdings) Limited Appoints Chong Eng Wee as Lead Independent DirectorWillas-Array Electronics (Holdings) Limited announced that Chong Eng Wee, currently an Independent Non-executive Director of Willas-Array Electronics (Holdings) Limited. The Board has considered the Nomination Committee's recommendation and assessment on Mr. Chong's background, qualifications, experience, independence and commitment, in considering his ability to discharge his duties as a Director of Willas-Array Electronics (Holdings) Limited, and being satisfied that he has the requisite capabilities to continue to contribute to the Board, has approved his appointment as the Lead Independent Director of the Company. Job Title: INED, Lead ID, Member of AC, NC, Remuneration Committee and Compliance Committee Chairman of NC (with effect from August 30, 2023). Working Experience: Managing Director, Chevalier Law LLC (August 2021 - present) Partner, Nixon Peabody CWL (July 2023 - present) Director, Chevalier CS Pte. Ltd. (April 2022 - present) Consultant, Nixon Peabody CWL (December 2021 - June 2023) Partner & Head of Corporate, Kennedys Legal Solutions Pte Ltd. (October 2017 - July 2021) Partner & Deputy Head, Capital Markets & International China Practice, RHTLaw Taylor Wessing LLP (July 2015 - October 2017) Associate Director & Representative of Shanghai Representative office, Duane Morris & Selvam LLP (April 2011 - June 2015). Other DirectorShips Past: Non-Executive and Lead Independent Director, GS Holdings Limited (January 2019 - June 2023) Consultant, Nixon Peabody CWL (December 2021 - June 2023) Non-Executive and Independent Director, KTL Global Limited (August 2019 - March 2022) Non-Executive and Independent Director, CW Group Holdings Limited (November 2018 - June 2019) Non-Executive and Independent Director, Innopac Holdings Limited (April 2018 - December 2018). Other DirectorShips Present: Managing Director, Chevalier Law LLC (August 2021 - present) Partner, Nixon Peabody CWL (July 2023 - present) Director, Chevalier CS Pte. Ltd. (April 2022 - present) Non-Executive and Independent Director, OEL (Holdings) Limited (June 2020 - present) Non-Executive and Lead Independent Director, Heatec Jietong Holdings Limited (April 2018 - present) Company Secretary of China Vanadium Titano-Magnetite Mining Company Limited (December 2019 - present) Company Secretary of LHN Limited (April 2020 - present) Company Secretary of Sincap Group Limited (November 2020 - present) Company Secretary of LHN Logistics Limited (April 2022 - present) Company Secretary of Shanghai Turbo Enterprises Ltd. (October 2022 - present) Director, Coronet Ventures (Singapore) Pte Ltd. (May 2023 - present). Director Experience Details: Non-Executive and Independent Director, OEL (Holdings) Limited (SGX-ST Stock code: 584) (June 2020 - present) Non-Executive and Lead Independent Director, Heatec Jietong Holdings Limited (SGX-ST Stock code: 5OR) (April 2018 - present). Professional Qualifications: Admitted as Advocate & Solicitor of Supreme Court of Singapore Admitted as Solicitor of the High Court of Hong Kong Admitted as Barrister & Solicitor of High Court of New Zealand Admitted as lawyer of the Supreme Court of New South Wales, Australia Postgraduate Practical Course in Law, Board of Legal Education, Singapore Graduate Diploma in Singapore Law, National University of Singapore Certificate for Professional Legal Studies course (New Zealand), Institution of Professional Legal Studies Bachelor of Laws, Victoria University of Wellington. Appointment Date is August 23, 2023.
お知らせ • Aug 15Willas-Array Electronics (Holdings) Limited Announces Board ChangesThe board of directors of Willas-Array Electronics (Holdings) Limited announced that Mr. Chong Eng Wee ("Mr. Chong") has been appointed by the Board as an independent non-executive Director (the "Independent Non-executive Director") with effect from August 11, 2023. Mr. Chong has also been appointed as a member of each of the audit committee of the Company (the "Audit Committee"), nomination committee of the Company (the "Nomination Committee"), remuneration committee of the Company (the "Remuneration Committee") and compliance committee of the Company, with effect from August 11, 2023. Upon the effective date of the resignation of Mr. Tang Wai Loong Kenneth ("Mr. Tang") as an Independent Non-executive Director on August 30, 2023, Mr. Chong shall also be appointed as the chairman of the Nomination Committee with effect from August 30, 2023 to replace Mr. Tang. Mr. Chong, aged 43, graduated with a degree of Bachelor of Laws from Victoria University of Wellington, completed the Professional Legal Studies Course (New Zealand) from Institution of Professional Legal Studies, was awarded the Graduate Diploma in Singapore Law from National University of Singapore and completed the Postgraduate Practical Course in Law from Board of Legal Education, Singapore. Mr. Chong is an Advocate and Solicitor of the Supreme Court of Singapore, a Solicitor of the High Court of Hong Kong, a Barrister and Solicitor of the High Court of New Zealand and a lawyer of the Supreme Court of New South Wales, Australia. Mr. Chong is the managing director of Chevalier Law LLC since August 2021, a director of Chevalier CS Pte. Ltd. since April 2022 and a partner of Nixon Peabody CWL since July 2023. He was a consultant of Nixon Peabody CWL from December 2021 to June 2023, a partner and head of Corporate at Kennedys Legal Solutions Pte. Ltd. from October 2017 to July 2021, a partner and deputy head of Capital Markets & International China Practice at RHTLaw Taylor Wessing LLP from July 2015 to October 2017, and an associate director and representative of Shanghai representative office at Duane Morris & Selvam LLP from April 2011 to June 2015.
お知らせ • Aug 03+ 1 more updateWillas-Array Electronics (Holdings) Limited Announces Cessation of Leung Hon Shing as Chief Financial Officer, Effective November 2, 2023Willas-Array Electronics (Holdings) Limited announced cessation of Leung Hon Shing as Chief Financial Officer, effective on November 2, 2023. Since the recent significant shareholding and leadership changes in the Company, he has tried his best efforts to bridge the communication gap with the new leadership. Notwithstanding that Mr. Leung does not have any unresolved differences in opinion on material matters with the Board, in view of the lack of alignment with the new leadership, he has difficulty in discharging his duties effectively. As such, Mr. Leung is of the view that this would be an appropriate juncture for him to step down from his roles in the Company, and for the Board to appoint suitable candidate to take on his roles.
Reported Earnings • Jul 05Full year 2023 earnings released: EPS: HK$0.031 (vs HK$0.96 in FY 2022)Full year 2023 results: EPS: HK$0.031 (down from HK$0.96 in FY 2022). Revenue: HK$3.14b (down 8.5% from FY 2022). Net income: HK$2.72m (down 97% from FY 2022). Profit margin: 0.1% (down from 2.4% in FY 2022). Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 32% per year.
Board Change • Jun 28Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Kai Tong was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Jun 02Full year 2023 earnings released: EPS: HK$0.031 (vs HK$0.96 in FY 2022)Full year 2023 results: EPS: HK$0.031 (down from HK$0.96 in FY 2022). Revenue: HK$3.14b (down 8.5% from FY 2022). Net income: HK$2.72m (down 97% from FY 2022). Profit margin: 0.1% (down from 2.4% in FY 2022). Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 34% per year.
お知らせ • Jun 01Willas-Array Electronics (Holdings) Limited Announces Resignation of Mr. Tang Wai Loong Kenneth as Independent Non-Executive Director, Chairman of the Nomination Committee, Member of the Audit Committee, the Remuneration Committee and the Compliance CommitteeWillas-Array Electronics (Holdings) Limited announced resignation of Mr. Tang Wai Loong Kenneth as Independent Non-executive Director, Chairman of the Nomination Committee, Member of the Audit Committee, the Remuneration Committee and the Compliance Committee. Mr. Tang Wai Loong Kenneth has tendered his resignation as the Independent Non-executive Director, Chairman of the Nomination Committee, Member of the Audit Committee, the Remuneration Committee and the Compliance Committee of the Company due to his belief that the Company's next phase of development should be helmed by a refreshed Board after recent significant shareholding and leadership change of the Company and his having to devote more time and attention to his personal commitments.
お知らせ • May 31+ 1 more updateWillas-Array Electronics (Holdings) Limited, Annual General Meeting, Jul 28, 2023Willas-Array Electronics (Holdings) Limited, Annual General Meeting, Jul 28, 2023, at 09:30 China Standard Time.
Board Change • May 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Kai Tong was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
分析記事 • May 26Estimating The Fair Value Of Willas-Array Electronics (Holdings) Limited (SGX:BDR)Key Insights The projected fair value for Willas-Array Electronics (Holdings) is S$0.64 based on Dividend Discount...
お知らせ • May 20+ 1 more updateWillas-Array Electronics (Holdings) Limited Appoints Xie Lishu as Non-Executive Director, Chairman of Board as Well as Chairman of Employee Share Option Scheme Committee, Effective May 20, 2023Willas-Array Electronics (Holdings) Limited announced appointment of Mr. Xie Lishu as Non-executive Director, Chairman of the Board as well as Chairman of the Employee Share Option Scheme Committee. Appointment date is May 20, 2023. Professional qualifications: Bachelor Degree in Applied Chemistry, Tongji University (from 1992 to 1996). Working experience and occupations during the past 10 years: CEO, Shanghai YCT Electronics Group Co. Ltd. (from 2008 to 2019) and CEO, Chairman and Director, Shanghai YCT (from 2019 to present). Other Directorships, Present: Chairman, SHANGHAI YCT ELECTRONICS GROUP CO., LTD; Director, Shenzhen E-Mantech Co. Ltd; Director, Shanghai Yaxinli Electronics Trading Co Ltd.; Director, Texin Software Co., Ltd; Director, Shanghai Tamul Power Semiconductor Technology Co., Ltd; Chairman, Shenzhen Ouchuangxin Semiconductor Co., Ltd; Director, TEXIN (HONGKONG) ELECTRONICS CO. LIMITED; Director, TAMUL POWER SEMICONDUCTOR LLC; Director, UPC ELECTRONICS PTE LIMITED; Director, YC ELECTRONIC PARTS CO., LIMITED; Director, UPC COMPONENTS PRIVATE LIMITED; Director, ECORE ELECTRONICS CO., LIMITED; Director, WE COMPONENTS PTE. LTD.; Director, Guizhou Yaguang Electronics Technology Co. Ltd.; Director, Jieyang Kaisheng Electronics Co., Ltd; and Partner, Shanghai Shuoqing Enterprise Management Center (Limited partnership).
お知らせ • May 17Willas-Array Electronics (Holdings) Limited to Report Fiscal Year 2023 Results on May 30, 2023Willas-Array Electronics (Holdings) Limited announced that they will report fiscal year 2023 results on May 30, 2023
Recent Insider Transactions • Apr 29Insider recently sold S$25m worth of stockOn the 26th of April, Chun Wah Leung sold around 15m shares on-market at roughly S$1.70 per share. This transaction amounted to 68% 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$25m more than they bought in the last 12 months.
分析記事 • Mar 08Willas-Array Electronics (Holdings) (SGX:BDR) Has Some Way To Go To Become A Multi-BaggerThere are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...
Board Change • Dec 20Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Kai Tong was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 18First half 2023 earnings released: EPS: HK$0.15 (vs HK$0.51 in 1H 2022)First half 2023 results: EPS: HK$0.15 (down from HK$0.51 in 1H 2022). Revenue: HK$1.78b (flat on 1H 2022). Net income: HK$12.8m (down 71% from 1H 2022). Profit margin: 0.7% (down from 2.4% in 1H 2022). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Kai Tong was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
分析記事 • Oct 18Investors Met With Slowing Returns on Capital At Willas-Array Electronics (Holdings) (SGX:BDR)If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Upcoming Dividend • Aug 29Upcoming dividend of HK$0.73 per shareEligible shareholders must have bought the stock before 05 September 2022. Payment date: 21 September 2022. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 7.7%. Within top quartile of Singaporean dividend payers (6.0%). Higher than average of industry peers (4.5%).
Buying Opportunity • Aug 29Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 4.4%. The fair value is estimated to be S$0.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable.
Reported Earnings • Aug 02Full year 2022 earnings released: EPS: HK$0.96 (vs HK$1.09 in FY 2021)Full year 2022 results: EPS: HK$0.96 (down from HK$1.09 in FY 2021). Revenue: HK$3.43b (down 3.7% from FY 2021). Net income: HK$82.2m (down 11% from FY 2021). Profit margin: 2.4% (down from 2.6% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Aug 01Now 20% undervaluedOver the last 90 days, the stock is up 2.0%. The fair value is estimated to be S$0.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable.
Buying Opportunity • Jul 06Now 21% undervaluedOver the last 90 days, the stock is up 12%. The fair value is estimated to be S$0.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable.
Buying Opportunity • Jun 17Now 20% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be S$0.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable.
分析記事 • May 31Here's What To Make Of Willas-Array Electronics (Holdings)'s (SGX:BDR) Decelerating Rates Of ReturnWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
Reported Earnings • May 29Full year 2022 earnings released: EPS: HK$0.96 (vs HK$1.09 in FY 2021)Full year 2022 results: EPS: HK$0.96 (down from HK$1.09 in FY 2021). Revenue: HK$3.43b (down 3.7% from FY 2021). Net income: HK$82.2m (down 11% from FY 2021). Profit margin: 2.4% (down from 2.6% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • May 13Insider recently bought S$52k worth of stockOn the 10th of May, Seng Chong Yeo bought around 74k shares on-market at roughly S$0.70 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought S$94k more in shares than they have sold in the last 12 months.
Board Change • Apr 28Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Kenneth Tang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Dec 17First half 2022 earnings: Revenues and EPS in line with analyst expectationsFirst half 2022 results: EPS: HK$0.51 (up from HK$0.26 in 1H 2021). Revenue: HK$1.79b (up 5.8% from 1H 2021). Net income: HK$43.5m (up 94% from 1H 2021). Profit margin: 2.4% (up from 1.3% in 1H 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Board Change • Dec 07Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Lee Meng Lim was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 13First half 2022 earnings releasedThe company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down HK$22.4m from profit in 1H 2021). Profit margin: (down from 1.3% in 1H 2021). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 30Upcoming dividend of HK$0.33 per shareEligible shareholders must have bought the stock before 06 August 2021. Payment date: 27 August 2021. Trailing yield: 7.8%. Within top quartile of Singaporean dividend payers (5.0%). Higher than average of industry peers (3.7%).
Reported Earnings • Jun 30Full year 2021 earnings released: EPS HK$1.09 (vs HK$0.85 loss in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: HK$3.56b (up 12% from FY 2020). Net income: HK$92.5m (up HK$165.0m from FY 2020). Profit margin: 2.6% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
分析記事 • Jun 07Here's Why Willas-Array Electronics (Holdings) (SGX:BDR) Can Manage Its Debt ResponsiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • May 29Full year 2021 earnings released: EPS HK$1.09 (vs HK$0.85 loss in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: HK$3.56b (up 12% from FY 2020). Net income: HK$92.5m (up HK$165.0m from FY 2020). Profit margin: 2.6% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
分析記事 • Apr 16Investors Could Be Concerned With Willas-Array Electronics (Holdings)'s (SGX:BDR) Returns On CapitalTo find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...
分析記事 • Feb 22The Strong Earnings Posted By Willas-Array Electronics (Holdings) (SGX:BDR) Are A Good Indication Of The Strength Of The BusinessWillas-Array Electronics (Holdings) Limited ( SGX:BDR ) just reported healthy earnings but the stock price didn't move...
分析記事 • Feb 17These 4 Measures Indicate That Willas-Array Electronics (Holdings) (SGX:BDR) Is Using Debt Reasonably WellLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Reported Earnings • Feb 11Third quarter 2021 earnings released: EPS HK$0.44 (vs HK$0.053 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: HK$1.06b (up 25% from 3Q 2020). Net income: HK$37.3m (up HK$41.8m from 3Q 2020). Profit margin: 3.5% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 74% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
分析記事 • Jan 22Key Things To Understand About Willas-Array Electronics (Holdings)'s (SGX:BDR) CEO Pay ChequeAlvin Hon became the CEO of Willas-Array Electronics (Holdings) Limited ( SGX:BDR ) in 2014, and we think it's a good...
分析記事 • Dec 18These Metrics Don't Make Willas-Array Electronics (Holdings) (SGX:BDR) Look Too StrongTo avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...
Reported Earnings • Dec 14Second quarter 2021 earnings released: EPS HK$0.18The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: HK$925.9m (up 5.2% from 2Q 2020). Net income: HK$15.3m (up HK$46.5m from 2Q 2020). Profit margin: 1.7% (up from net loss in 2Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 97% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 13Second quarter 2021 earnings released: EPS HK$0.18The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: HK$925.9m (up 5.2% from 2Q 2020). Net income: HK$15.3m (up HK$46.5m from 2Q 2020). Profit margin: 1.7% (up from net loss in 2Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 97% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.