View Future GrowthSerial System 過去の業績過去 基準チェック /46Serial Systemの収益は年間平均-21.4%の割合で減少していますが、 Electronic業界の収益は年間 減少しています。収益は年間7.3% 1.3%割合で 減少しています。 Serial Systemの自己資本利益率は2%であり、純利益率は0.3%です。主要情報-21.44%収益成長率-21.56%EPS成長率Electronic 業界の成長5.20%収益成長率-1.28%株主資本利益率1.97%ネット・マージン0.27%前回の決算情報31 Dec 2025最近の業績更新Reported Earnings • Apr 19Full year 2025 earnings released: EPS: US$0.003 (vs US$0.001 in FY 2024)Full year 2025 results: EPS: US$0.003 (up from US$0.001 in FY 2024). Revenue: US$860.5m (up 9.1% from FY 2024). Net income: US$2.29m (up 344% from FY 2024). Profit margin: 0.3% (up from 0.1% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 02Full year 2025 earnings released: EPS: US$0.003 (vs US$0.001 in FY 2024)Full year 2025 results: EPS: US$0.003 (up from US$0.001 in FY 2024). Revenue: US$860.5m (up 9.1% from FY 2024). Net income: US$2.29m (up 344% from FY 2024). Profit margin: 0.3% (up from 0.1% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 13First half 2025 earnings released: EPS: US$0.001 (vs US$0.006 loss in 1H 2024)First half 2025 results: EPS: US$0.001 (up from US$0.006 loss in 1H 2024). Revenue: US$392.7m (up 4.8% from 1H 2024). Net income: US$810.0k (up US$5.99m from 1H 2024). Profit margin: 0.2% (up from net loss in 1H 2024). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 18Full year 2024 earnings released: EPS: US$0.001 (vs US$0.016 loss in FY 2023)Full year 2024 results: EPS: US$0.001 (up from US$0.016 loss in FY 2023). Revenue: US$788.7m (up 3.9% from FY 2023). Net income: US$516.0k (up US$15.3m from FY 2023). Profit margin: 0.1% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 05Full year 2024 earnings released: EPS: US$0.001 (vs US$0.016 loss in FY 2023)Full year 2024 results: EPS: US$0.001 (up from US$0.016 loss in FY 2023). Revenue: US$788.7m (up 3.9% from FY 2023). Net income: US$516.0k (up US$15.3m from FY 2023). Profit margin: 0.1% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 15First half 2024 earnings released: US$0.006 loss per share (vs US$0.014 loss in 1H 2023)First half 2024 results: US$0.006 loss per share (improved from US$0.014 loss in 1H 2023). Revenue: US$374.7m (up 1.3% from 1H 2023). Net loss: US$5.18m (loss narrowed 59% from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.すべての更新を表示Recent updatesReported Earnings • Apr 19Full year 2025 earnings released: EPS: US$0.003 (vs US$0.001 in FY 2024)Full year 2025 results: EPS: US$0.003 (up from US$0.001 in FY 2024). Revenue: US$860.5m (up 9.1% from FY 2024). Net income: US$2.29m (up 344% from FY 2024). Profit margin: 0.3% (up from 0.1% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.お知らせ • Apr 16Serial System Ltd, Annual General Meeting, Apr 30, 2026Serial System Ltd, Annual General Meeting, Apr 30, 2026, at 11:00 Singapore Standard Time. Location: 8 ubi view, 05-01, serial system building, singapore 408554, SingaporeReported Earnings • Mar 02Full year 2025 earnings released: EPS: US$0.003 (vs US$0.001 in FY 2024)Full year 2025 results: EPS: US$0.003 (up from US$0.001 in FY 2024). Revenue: US$860.5m (up 9.1% from FY 2024). Net income: US$2.29m (up 344% from FY 2024). Profit margin: 0.3% (up from 0.1% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.New Risk • Mar 02New major risk - Revenue and earnings growthEarnings have declined by 21% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Earnings have declined by 21% per year over the past 5 years. Minor Risk Market cap is less than US$100m (S$68.8m market cap, or US$54.2m).New Risk • Feb 23New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (S$73.3m market cap, or US$58.0m).お知らせ • Jan 19Serial System Ltd Announces Board Changes, with Effect from 1 February 2026The Board of Directors of Serial System Ltd. announced the following: Re-designation of Executive Director to Non-Executive Director and Changes in Appointment: Ms. Victoria Goh Si Hui will be re-designated from Executive Director to Non-Executive Director of the Company following her appointment as chief executive officer and executive director of Serial Achieva Limited, a 77.64%- owned subsidiary listed on the Catalist Board of the Singapore Exchange, with effect from 1 February 2026. She will also relinquish her roles of Group Vice President, Business Development & Marketing, and Chief Operating Officer of Consumer Products Distribution Division of Serial System Ltd, and be re-designated as non-executive director of all subsidiaries and associated companies within the Serial System Ltd. group with effect from 1 February 2026. Ms. Victoria Goh Si Hui will continue to oversee and manage the business of Serial Multivision Pte. Ltd., a wholly-owned subsidiary engaged in hospitality and healthcare solutions, which is a non-core business segment classified under ‘Other Businesses’ of Serial System Ltd. Changes in the Composition of the Board of Directors: Taking into account the above, the composition of the Board of the Company shall be reconstituted as follows with effect from 1 February 2026:- Board of Directors: Mr. Derek Goh Bak Heng: Executive Chairman and Group Chief Executive Officer; Mr. Teo Ser Luck: Non-Executive Deputy Chairman and Lead Independent Director; Mr. Sean Goh Su Teng: Executive Director and Deputy Group Chief Executive Officer; Mr. Heng Yeow Meng Michael: Independent Director and Audit Committee Chairman; Mr. Lye Hoong Yip Raymond: Independent Director and Remuneration Committee Chairman; Mr. Khua Kian Kheng Ivan: Independent Director and Nominating Committee Chairman; Mr. Ng Yong Hwee: Independent Director; Mr. Goi Kok Ming Kenneth: Non-Executive Director; Ms. Victoria Goh Si Hui: Non-Executive Director. There will be no changes to the composition of the Audit Committee, Nominating Committee, Remuneration Committee and Serial System Employee Share Option Scheme 2024 Committee of the Company.Buy Or Sell Opportunity • Jan 16Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to S$0.084. The fair value is estimated to be S$0.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Meanwhile, the company has become profitable.お知らせ • Jan 14Serial System Ltd. Announces Update on Taiwan Civil SuitThe Board of Directors of Serial System Ltd. referred to the Company's announcements dated 23 February 2017, 15 June 2021, 25 June 2021, 14 July 2021, 20 August 2025 and 16 September 2025 (the "Taiwan Civil Suit Announcement(s)"). Unless otherwise defined herein, all capitalized terms shall have the same meaning assigned to them in the Taiwan Civil Suit Announcements. The Company was informed by its 12.91% associated company, Bull Will Co. Ltd. that based on the summary of the court decision published on the notification issued by the Clerk's Office of the Supreme Court of Taiwan: (1) the appeal against the Taiwan High Court's decision on the Taiwan Civil Suit by the plaintiff and appellant, Securities and Futures Investors Protection Centre of Taiwan ("SFIPC") has been dismissed by the Supreme Court of Taiwan and the Supreme Court of Taiwan's decision is final and conclusive and (2) the court's litigation costs were ordered to be borne by the SFIPC.Buy Or Sell Opportunity • Dec 30Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 5.0% to S$0.084. The fair value is estimated to be S$0.069, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Meanwhile, the company has become profitable.Buy Or Sell Opportunity • Oct 27Now 30% overvalued after recent price riseOver the last 90 days, the stock has risen 94% to S$0.091. The fair value is estimated to be S$0.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Meanwhile, the company has become profitable.Buy Or Sell Opportunity • Sep 26Now 34% overvalued after recent price riseOver the last 90 days, the stock has risen 114% to S$0.094. The fair value is estimated to be S$0.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Meanwhile, the company has become profitable.分析記事 • Sep 18Does Serial System (SGX:S69) Have A Healthy Balance Sheet?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Reported Earnings • Aug 13First half 2025 earnings released: EPS: US$0.001 (vs US$0.006 loss in 1H 2024)First half 2025 results: EPS: US$0.001 (up from US$0.006 loss in 1H 2024). Revenue: US$392.7m (up 4.8% from 1H 2024). Net income: US$810.0k (up US$5.99m from 1H 2024). Profit margin: 0.2% (up from net loss in 1H 2024). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.お知らせ • Jun 30Serial System Ltd Appoints Goh Si Hui Victoria as Chief Operating Officer of Consumer Products Distribution Division of Serial System LtdSerial System Ltd. appointed Goh Si Hui Victoria as Chief Operating Officer of Consumer Products Distribution Division of Serial System Ltd. to the Board of Directors for consideration. The Board of Directors concurred with the recommendation of the Nominating Committee and approved Ms. Victoria Goh Si Hui's additional appointment as Chief Operating Officer of Consumer Products Distribution Division of Serial System Ltd. The appointment is executive. Ms. Victoria Goh Si Hui will oversee the Group's business and operations of the Consumer Products Distribution Division as its Chief Operating Officer. In addition, she will continue to manage the business of the Hospitality and Healthcare Solutions and Medical Devices Assembly and Distribution Divisions as well as supply chain and inventory management of the Group. As Executive Director and Group Vice President, Business Development & Marketing of Serial System Ltd, Ms. Victoria Goh Si Hui will work with the Management Team and the Board of Serial System Ltd. on corporate development and strategic planning of the Group. Working Experience Corporate Development Executive with Serial Microelectronics Pte Ltd. (a wholly owned subsidiary of Serial System Ltd) from Aug. 2015 to Feb. 2016 - Business Development Executive (Management Trainee Program) with Future Electronics Inc. (Distribution) Pte. Ltd. from Feb. 2016 to Dec 2016 - Business Development Executive with Serial System Ltd. from Jan 2017 to May 2018 - Business Development Manager with Serial System Ltd. from Jun 2018 to Mar 2019 - Director, Business Development & Marketing with Serial System Ltd. from Apr. 2019 to Dec 2021 - Group Vice President, Business Development & Marketing with Serial System Ltd. from Jan 2022 to present Familial RelationShip includes Ms. Goh Si Hui Victoria Goh is the daughter of Derek Goh Bak Heng, Executive Chairman and Group Chief Executive Officer of Serial System Ltd. and niece of Sean Goh Su Teng, Deputy Group Chief Executive Officer and Executive Director of Serial System Ltd. and Non-Executive Chairman of Serial Achieva Limited. Professional Qualifications includes Bachelor of Business degree from Nanyang Technological University. Present Directorships Listed Companies · Serial System Ltd. · Bull Will Co. Ltd. (listed on the Over-The-Counter Securities Exchange in Taiwan) · Serial Achieva Limited (listed on Catalist Board of the SGX-ST) Non-Listed Companies · Asian Prosperity Singapore Pte. Ltd. · C & G Investment Pte Ltd. · D&C Goh Holdings Pte Ltd. · G2 Unity Investment Pte. Ltd. · Global Voice Pte Ltd. · Nuline Marketing Singapore Pte Ltd. · Teabrary International Pte. Ltd. · Teabrary Investment Pte. Ltd. · Yuan Premium Foods Pte. Ltd. Group Companies (subsidiaries and associated companies) of Serial System Ltd. · Bast Global Sdn. Bhd. · Bast Investment Pte. Ltd. · Contract Sterilization Services Pte. Ltd. · CSS Medisys Pte. Ltd. · Inkcarts Pte. Ltd. · Newstone Technology Limited · Print IQ MPS Company Limited · Print-IQ Singapore Pte. Ltd. · SCE Enterprise Pte. Ltd. · Serial Investment (Korea) Limited · Serial Investment Pte Ltd. · Serial Investment Taiwan Inc. · Serial I-Tech (Far East) Pte. Ltd. · Serial Microelectroncs (Shenzhen) Co. Ltd. · Serial Microelectronics (HK) Limited · Serial Microelectronics Inc. · Serial Microelectronics Korea Limited · Serial Microelectronics Pte Ltd. · Serial System International Pte. Ltd. · Stars Tea & Coffee Asia Pte. Ltd. · SerialTec Pte. Ltd. · Swift-Value Business Pte. Ltd. · UniSerial Electronics Limited Past Directorships (Last 5 years) · Bull Will Trading (S) Pte. Ltd. · Serial JTech System Pte. Ltd. · Serial Microelectronics Information Limited.New Risk • May 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Earnings have declined by 47% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (S$41.6m market cap, or US$32.3m).分析記事 • Apr 28There's Been No Shortage Of Growth Recently For Serial System's (SGX:S69) Returns On CapitalThere are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...Reported Earnings • Apr 18Full year 2024 earnings released: EPS: US$0.001 (vs US$0.016 loss in FY 2023)Full year 2024 results: EPS: US$0.001 (up from US$0.016 loss in FY 2023). Revenue: US$788.7m (up 3.9% from FY 2023). Net income: US$516.0k (up US$15.3m from FY 2023). Profit margin: 0.1% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings.お知らせ • Apr 15Serial System Ltd, Annual General Meeting, Apr 30, 2025Serial System Ltd, Annual General Meeting, Apr 30, 2025, at 15:00 Singapore Standard Time. Location: 8 ubi view, 05-01, serial system building, singapore 408554, Singaporeお知らせ • Apr 11Serial System Ltd Announces Retirement of Kenny Yap Kim Lee as Independent Director of the Company, Chairman of Remuneration Committee, Member of Audit and Risk Committee and Nominating CommitteeSerial System Ltd. announced that Mr. Kenny Yap Kim Lee ("Mr. Kenny Yap") will not be seeking re-election and will retain office until the conclusion of the forthcoming annual general meeting to be held on 29 April 2025 at 11 am. Accordingly, he will retire as an Independent Director of the Company and step down as Chairman of Remuneration Committee, Member of Audit and Risk Committee and Nominating Committee respectively.Reported Earnings • Mar 05Full year 2024 earnings released: EPS: US$0.001 (vs US$0.016 loss in FY 2023)Full year 2024 results: EPS: US$0.001 (up from US$0.016 loss in FY 2023). Revenue: US$788.7m (up 3.9% from FY 2023). Net income: US$516.0k (up US$15.3m from FY 2023). Profit margin: 0.1% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.New Risk • Feb 28New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Earnings have declined by 57% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (S$39.8m market cap, or US$29.5m).分析記事 • Dec 06Serial System (SGX:S69) Hasn't Managed To Accelerate Its ReturnsDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...New Risk • Nov 27New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Singaporean stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 57% per year over the past 5 years. Minor Risk Market cap is less than US$100m (S$39.8m market cap, or US$29.5m).お知らせ • Oct 18Serial System Ltd Announces Change of Company SecretarySerial System Ltd. announced that Ms. Nor Hafiza Alwi has been appointed as Secretary of the Company with effect from 31 October 2024, in place of Mr. Chen Chuanjian, Jason and Ms Tan Ching Ching who have resigned as Joint Secretaries of the Company with effect from 31 October 2024. Hans Corporate Services Ltd. will remain as the resident secretary of the Company to fulfil the requirement under the Labuan Companies Act 1990.分析記事 • Oct 07We Think Serial System (SGX:S69) Is Taking Some Risk With Its DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Reported Earnings • Aug 15First half 2024 earnings released: US$0.006 loss per share (vs US$0.014 loss in 1H 2023)First half 2024 results: US$0.006 loss per share (improved from US$0.014 loss in 1H 2023). Revenue: US$374.7m (up 1.3% from 1H 2023). Net loss: US$5.18m (loss narrowed 59% from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.お知らせ • Aug 03Serial System Ltd to Report First Half, 2024 Results on Aug 14, 2024Serial System Ltd announced that they will report first half, 2024 results on Aug 14, 2024Board Change • May 08High 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. 2 experienced directors. No highly experienced directors. Independent Non-Executive Deputy Chairman of the Board Ser-Luck Teo is the most experienced director on the board, commencing their role in 2017. 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 • Apr 30+ 2 more updatesSerial System Ltd Announces Appointment of Ng Yong Hwee as Independent Non-Executive DirectorSerial System Ltd. announced appointment of Ng Yong Hwee as Independent Non-Executive Director and member of the Audit Committee and Remuneration Committee. Working Experience- Independent Director, K2 F&B Holdings Limited from June 2021 to present Deputy Chief Executive Officer, Union Gas Holdings Limited from June 2019 to June 2021 Managing Partner, Emerge Venture Hong Kong from October 2016 to March 2019 Managing Partner, Emerge Consulting Singapore from October 2016 to March 2019 Chief Executive Officer, NetLink Trust from October 2014 to April 2016 Chairman, City-OG Gas Energy Services Pte Ltd. from March 2013 to September 2014 Chief Executive Officer, SingSpring Pte Ltd. from October 2011 to September 2014 President and Chief Executive Officer, City Gas Pte Ltd. from April 2006 to September 2014. Professional Qualifications: Bachelor of Arts and Social Sciences, National University of Singapore and Master of Business Administration, University of Warwick, United Kingdom. Reason for director to not undergo training: Mr. Ng is currently an Independent Director, Chairman of the Remuneration Committee and the Internal Control Committee, and a member of the Audit Commitee and Nomination Committee of K2 F&B Holdings Limited, a company listed on the Hong Kong Exchanges and Clearing Limited. He was the Deputy Chief Executive Officer of Union Gas Holdings Limited, a company listed on the Catalist of the Singapore Exchange Securities Trading Limited for the period from June 2019 to June 2021. Mr. Ng is a Senior Accredited Board Director (Singapore Institute of Directors) and has completed the Listed Company Director and Effective Board leadership programmes by the Singapore Institute of Directors in 2012/2013. Other DirectorShips Present: Independent Director, K2 F&B Holdings Limited. Other DirectorShips Past: Deputy Chief Executive Officer, Union Gas Holdings Limited. Mr. Ng Yong Hwee ("Mr Ng") has more than thirty years of work experience and more than fifteen years of CEO and Board experience. He has worked for both global and Asian multinational corporations and Temasek-linked companies such as Esso, BASF, GE and City Gas. He has substantial experience in business development, sales and marketing, mergers and acquisitions, business integration, strategic and corporate planning as well as supply chain. Mr. Ng is also an Independent Director of K2 F&B Holdings Limited, a Company listed on the Hong Kong Exchanges and Clearing Limited. He was the Deputy Chief Executive Officer of Union Gas Holdings Limited, a company listed on the Catalist of the Singapore Exchange Securities Trading Limited for the period from June 2019 to June 2021. The Nominating Committee having considered Mr. Ng's working experience, credentials and other relevant factors for his appointment as an Independent Non-Executive Director of Serial System Ltd, recommended his appointment to the Board of Directors for consideration.お知らせ • Apr 27+ 2 more updatesSerial System Ltd Announces Retirement of Tan Lye Heng Paul as Lead Independent Non-Executive Director and as Chairman of the Audit Committee and a Member of the Nominating Committee and the Remuneration CommitteeSerial System Ltd. announced that Tan Lye Heng Paul who has served on the Board of Directors for more than nine years, will not be considered independent upon the conclusion of the forthcoming annual general meeting on 30 April 2024. Accordingly, Paul Tan will retire as a Lead Independent Non-Executive Director and not be seeking for re-appointment as Director of the Company at the AGM, and will cease to be the Chairman of the Audit Committee ("AC") and a member of the Nominating Committee and the Remuneration Committee of the Company following the conclusion of the AGM. Other DirectorShips Past: Independent Director, Sin Ghee Huat Corporation Ltd. Independent Director, China Sunsine Chemical Holdings Ltd. Other DirectorShips Present: Chairman, Nexia Singapore PAC Managing Director, CA Trust PAC Independent Director, Second Chance Properties Ltd. Independent Director, Pollux Properties Ltd. Independent Director, AJJ Medtech Holdings Ltd. Independent Director, PSC Corporation Ltd.分析記事 • Apr 23It Looks Like Serial System Ltd's (SGX:S69) CEO May Expect Their Salary To Be Put Under The MicroscopeKey Insights Serial System will host its Annual General Meeting on 30th of April CEO Derek Goh's total compensation...Reported Earnings • Apr 17Full year 2023 earnings released: US$0.016 loss per share (vs US$0.005 loss in FY 2022)Full year 2023 results: US$0.016 loss per share (further deteriorated from US$0.005 loss in FY 2022). Revenue: US$759.0m (down 16% from FY 2022). Net loss: US$14.8m (loss widened 221% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.お知らせ • Apr 16Serial System Ltd, Annual General Meeting, Apr 30, 2024Serial System Ltd, Annual General Meeting, Apr 30, 2024, at 11:00 Singapore Standard Time. Location: 8 Ubi View, #05-01, Serial System Building, Singapore 408554 Singapore Singapore Agenda: To consider the adoption of Audited Financial Statements and Directors' Statement and Auditor's report for the financial year ended 31 December 2023; to consider the approval of payment of Directors' Fees for the financial year ending 31 December 2024 payable quarterly in arrears; to consider the re-election of Mr. Derek Goh Bak Heng as a Director of the Company; to consider the re-appointment of Moore Stephens LLP as Auditors and authorisation for the Directors to fix their remuneration; and to consider other matters.分析記事 • Apr 08Serial System (SGX:S69) Has Debt But No Earnings; Should You Worry?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • Feb 24Full year 2023 earnings released: US$0.016 loss per share (vs US$0.005 loss in FY 2022)Full year 2023 results: US$0.016 loss per share (further deteriorated from US$0.005 loss in FY 2022). Revenue: US$759.0m (down 16% from FY 2022). Net loss: US$14.8m (loss widened 221% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.お知らせ • Feb 17Serial System Ltd to Report Fiscal Year 2023 Results on Feb 29, 2024Serial System Ltd announced that they will report fiscal year 2023 results on Feb 29, 2024お知らせ • Jan 11Serial System Ltd Announces Board ChangesSerial System Ltd. announced that Mr. Derek Goh Bak Heng has been appointed the Executive Director and Executive Chairman of the Company with effect from 9 January 2024 and will continue to concurrently serve as the Group CEO of the Company and its subsidiaries (the Group). Following Mr. Derek Goh Bak Heng's appointment by the Board as the Executive Director and Executive Chairman of the Company, Mr. Teo Ser Luck will relinquish his role as Independent Non-Executive Acting Chairman of the Board and will be re-designated as Independent Non-Executive Deputy Chairman of the Board.お知らせ • Jan 10Serial System Ltd Appoints Lye Hoong Yip Raymond as Independent Non-Executive DirectorSerial System Ltd. announced that appointment of Lye Hoong Yip Raymond as Independent Non-Executive Director. Mr. Lye Hoong Yip Raymond ("Raymond Lye") has more than fourteen years of experience as an Independent Director of Goodland Group Ltd, a company listed on the Mainboard of the Singapore Exchange Securities Trading Limited. He was also Independent Director of 800 Super Holdings Ltd. from June 2011 to August 2019 and SK Jewellery Group Ltd. from June 2015 to December 2020, prior to their de-listing on Catalist of the Singapore Exchange Securities Trading Limited. Raymond Lye is currently the Managing Partner of Union Law LLP. Working Experience: Managing Partner, Union Law LLP from January 2014 to present Independent Director, Goodland Group Ltd. from August 2009 to present Independent Director, 800 Super Holdings Ltd. from June 2011 to August 2019 (delisted) Independent Director, SK Jewellery Group Ltd. from June 2015 to December 2020 (delisted) Director, TCR Investment Holdings Pte Ltd, from September 2017 to December 2018 (stuck-off due to dormant with no activity since incorporation).分析記事 • Dec 08Does Serial System (SGX:S69) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Reported Earnings • Aug 13First half 2023 earnings released: US$0.014 loss per share (vs US$0 in 1H 2022)First half 2023 results: US$0.014 loss per share (further deteriorated from US$0 in 1H 2022). Revenue: US$369.8m (down 20% from 1H 2022). Net loss: US$12.7m (down US$13.1m from profit in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.New Risk • Aug 12New major risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.0% operating cash flow to total debt). Earnings have declined by 48% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (S$72.4m market cap, or US$53.5m).お知らせ • Jul 29Serial System Ltd to Report First Half, 2023 Results on Aug 14, 2023Serial System Ltd announced that they will report first half, 2023 results on Aug 14, 2023分析記事 • May 12These Return Metrics Don't Make Serial System (SGX:S69) Look Too StrongWhat financial metrics can indicate to us that a company is maturing or even in decline? Businesses in decline often...Reported Earnings • Apr 15Full year 2022 earnings released: US$0.005 loss per share (vs US$0.012 profit in FY 2021)Full year 2022 results: US$0.005 loss per share (down from US$0.012 profit in FY 2021). Revenue: US$906.7m (up 1.2% from FY 2021). Net loss: US$4.62m (down 142% from profit in FY 2021). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.分析記事 • Feb 25Serial System (SGX:S69) Seems To Be Using A Lot Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Reported Earnings • Feb 24Full year 2022 earnings released: US$0.005 loss per share (vs US$0.012 profit in FY 2021)Full year 2022 results: US$0.005 loss per share (down from US$0.012 profit in FY 2021). Revenue: US$906.7m (up 1.2% from FY 2021). Net loss: US$4.62m (down 142% from profit in FY 2021). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.お知らせ • Feb 16Serial System Ltd. Provides Group Earnings Guidance for the Full Year Ended 31 December 2022Serial System Ltd. provided group earnings guidance for the full year ended 31 December 2022. For the year, the group expects to report a net loss. Based on the preliminary review of the Group's unaudited financial results for the fiscal year 2022, the losses are primarily due to foreign exchange loss and allowances for inventory obsolescence.分析記事 • Jan 17Serial System (SGX:S69) Will Be Hoping To Turn Its Returns On Capital AroundIgnoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...分析記事 • Dec 06Estimating The Intrinsic Value Of Serial System Ltd (SGX:S69)Does the December share price for Serial System Ltd ( SGX:S69 ) reflect what it's really worth? Today, we will estimate...お知らせ • Oct 14Serial System Ltd Announces Interim One-Tier Tax-Exempt Cash Dividend for the Financial Year Ending 31 December 2022, Payable on 18 November 2022Serial System Ltd. announced the interim one-tier tax-exempt cash dividend of 0.11 Singapore cent per share for the financial year ending 31 December 2022. The share transfer books and Register of Members of the Company will be closed on 12 November 2022. The interim dividend will be paid on 18 November 2022.分析記事 • Oct 11Serial System's (SGX:S69) Returns On Capital Tell Us There Is Reason To Feel UneasyIf you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...お知らせ • Aug 14Serial System Ltd. Declares Interim One Tier Tax Exempt Dividend for the Half Year Ended June 30, 2022Serial System Ltd. declared interim one tier tax exempt dividend of 0.11 cents per share for the half year ended June 30, 2022.Reported Earnings • Aug 14First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down US$5.84m from profit in 1H 2021). Profit margin: (down from 1.3% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 8% per year.お知らせ • Jul 09Serial System Ltd Appoints Goh Su Teng Sean as Deputy Group Chief Executive OfficerThe board of directors of Serial System Ltd. announced the appointment of Goh Su Teng Sean as Deputy Group Chief Executive Officer. The appointment is part of Serial System Group's succession plan that is focused on developing leaders who can contribute to making Serial System Group a strong and successful company for all its stakeholders. Sean Goh has been the Group's Chief Operating Officer since 2019 and was appointed as Executive Director of the Company on 5th October 2021. Sean Goh has demonstrated excellent leadership in the growth of the Group's electronic components distribution and consumer products distribution businesses and the development of new businesses covering FMCG and new Tech. He will continue to work under the leadership of Mr. Derek Goh Bak Heng, the Group Chief Executive Officer of Serial System Ltd. The Nominating Committee has recommended and the Board has approved Sean Goh's appointment as Deputy Group Chief Executive Officer of Serial System Ltd. The NC and the Board opined that Sean Goh is a focused and driven leader with a deep understanding of the Serial System Group's businesses and the needs of Serial System Group's customers, employees and other stakeholders, and he is fully committed to continue to drive sustainable long term growth for the Serial System Group. Sean Goh will relinquish his title as Group Chief Operating Officer of Serial System Ltd. following this appointment. Sales Engineer with Serial Microelectronics Pte Ltd. from June 2004 to December 2005 Product Manager with Serial Microelectronics Pte Ltd. from January 2006 to December 2008 Marketing Director with Serial Microelectronics Pte Ltd. from January 2009 to September 2009 Vice President of Regional Marketing with Serial Microelectronics Pte Ltd. from October 2009 to June 2011 Senior Vice President of Corporate Planning, Development and Regional Marketing with Serial Microelectronics Pte Ltd. from July 2011 to June 2018 Group Senior Vice President and Chief Operating Officer of Consumer Products Distribution Division from July 2018 to May 2019 Group Chief Operating Officer from June 2019 to present. Professional Qualifications: Bachelor of Engineering degree with Honours from the Nanyang Technological University. Appointment date is July 08, 2022.Buying Opportunity • May 04Now 22% undervaluedOver the last 90 days, the stock is up 14%. The fair value is estimated to be S$0.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Earnings per share has declined by 29%.Reported Earnings • Apr 08Full year 2021 earnings released: EPS: US$0.012 (vs US$0 in FY 2020)Full year 2021 results: EPS: US$0.012 (up from US$0 in FY 2020). Revenue: US$895.9m (up 23% from FY 2020). Net income: US$11.1m (up US$10.9m from FY 2020). Profit margin: 1.2% (up from 0% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.お知らせ • Apr 06+ 2 more updatesSerial System Ltd Proposes One-Tier Tax-Exempt Final Cash Dividend for the Year Ended December 31, 2021, Payable on June 3, 2022Serial System Ltd. proposed one-tier tax-exempt Final Cash Dividend of 0.45 Singapore cent per ordinary share for the financial year ended 31 December 2021 (2020: One-tier tax-exempt Final Cash Dividend of 0.11 Singapore cent per ordinary share) at its AGM to be held on April 28, 2022. Shareholders whose securities accounts with The Central Depository (Pte) Limited are credited with shares at 5.00 p.m. on 26 May 2022 will be entitled to the proposed dividend. The proposed dividend, if approved by the shareholders at the Annual General Meeting to be held on 28 April 2022, will be paid on 3 June 2022.分析記事 • Apr 04Serial System (SGX:S69) Will Be Hoping To Turn Its Returns On Capital AroundIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...Reported Earnings • Feb 25Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: US$0.012 (up from US$0 in FY 2020). Revenue: US$895.9m (up 23% from FY 2020). Net income: US$11.1m (up US$10.9m from FY 2020). Profit margin: 1.2% (up from 0% in FY 2020). 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 fallen by 29% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.お知らせ • Feb 25SSTW Technology Pte. Ltd. acquired Serial Microelectronics Inc. for NTD 1.5 million.SSTW Technology Pte. Ltd. acquired Serial Microelectronics Inc. for NTD 1.5 million on December 23, 2021. The investment was funded through internal resources. The net assets of SMI as at 30 November 2021 were NTD 1.5 million. SSTW Technology Pte. Ltd. completed the acquisition of Serial Microelectronics Inc. for on December 23, 2021.お知らせ • Feb 24Serial System Ltd Proposes Final Cash DividendSerial System Ltd. proposed a final cash dividend of 0.45 Singapore cent a share. Together with an interim payout of 0.22 Singapore cent a share, shareholders can expect a total amount of 0.67 Singapore cent a share in FY2021 compared to 0.11 Singapore cent a share in FY2020.Recent Insider Transactions • Aug 18Founder recently bought S$64k worth of stockOn the 16th of August, Bak Heng Goh bought around 450k shares on-market at roughly S$0.14 per share. In the last 3 months, they made an even bigger purchase worth S$77k. Bak Heng has been a buyer over the last 12 months, purchasing a net total of S$364k worth in shares.お知らせ • Jul 15Serial System Ltd Announces Update on Taiwan Civil SuitSerial System Ltd. was informed by its 19.02% associated company, Bull Will Co. Ltd. that the plaintiff, Securities and Futures Investors Protection Centre of Taiwan, had filed an appeal with the Taiwan High Court. The company wishes to reiterate that Bull Will has insured its directors and supervisors with a USD 5 million directors and supervisors liability insurance from Cathay Century Insurance, which is more than adequate to cover any potential damages from the appeal. The company will make further announcements to update its shareholders on any further material developments in connection with the Taiwan Civil Suit. As at the date of this announcement, the Board does not expect the Taiwan Civil Suit to have any material impact on the net tangible assets per share and earnings per share of the Company and the Group for the financial year ending 31 December 2021.Recent Insider Transactions • Jun 17Founder recently bought S$60k worth of stockOn the 16th of June, Bak Heng Goh bought around 400k shares on-market at roughly S$0.15 per share. This was the largest purchase by an insider in the last 3 months. Bak Heng has been a buyer over the last 12 months, purchasing a net total of S$82k worth in shares.お知らせ • May 11Serial System Ltd Approves One-Tier Tax-Exempt Final Cash Dividend for the Financial Year Ended December 31, 2020Serial System Ltd. approved the payment of one-tier tax-exempt Final Cash Dividend of 0.11 Singapore cent per ordinary share for the financial year ended 31 December 2020 at its AGM held 28 April 2021.分析記事 • Apr 04We Think Serial System (SGX:S69) Can Stay On Top Of Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Mar 09Should You Be Worried About Serial System's (SGX:S69) Returns On Capital?To avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...分析記事 • Feb 10A Look At Serial System's (SGX:S69) Share Price ReturnsWhile not a mind-blowing move, it is good to see that the Serial System Ltd ( SGX:S69 ) share price has gained 16% in...分析記事 • Dec 18Does Serial System (SGX:S69) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...収支内訳Serial System の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史SGX:S69 収益、費用、利益 ( )USD Millions日付収益収益G+A経費研究開発費31 Dec 25860251030 Sep 25834450030 Jun 25807750031 Mar 25798448031 Dec 24789147030 Sep 24776-347030 Jun 24764-747031 Mar 24761-1149031 Dec 23759-1551030 Sep 23786-1653030 Jun 23814-1854031 Mar 23860-1155031 Dec 22907-555030 Sep 22914155030 Jun 22920656031 Mar 22908855031 Dec 218961154030 Sep 218761151030 Jun 218551149031 Mar 21793545031 Dec 20731042030 Sep 20699-239030 Jun 20675-241031 Mar 20719345031 Dec 19792848030 Sep 19943854030 Jun 191,1441661031 Mar 191,3521666031 Dec 181,5271873030 Sep 181,5901878030 Jun 181,5991174031 Mar 181,5641271031 Dec 171,4921066030 Sep 171,4471362030 Jun 171,3981461031 Mar 171,4031462031 Dec 161,403563030 Sep 161,387261030 Jun 161,362060031 Mar 161,293160031 Dec 151,2221158030 Sep 151,1601558030 Jun 151,13217580質の高い収益: S69は 高品質の収益 を持っています。利益率の向上: S69の現在の純利益率 (0.3%)は、昨年(0.07%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: S69の収益は過去 5 年間で年間21.4%減少しました。成長の加速: S69の過去 1 年間の収益成長率 ( 344.4% ) は、5 年間の平均 ( 年間-21.4%を上回っています。収益対業界: S69の過去 1 年間の収益成長率 ( 344.4% ) はElectronic業界-7.4%を上回りました。株主資本利益率高いROE: S69の 自己資本利益率 ( 2% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YTech 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/08 12:38終値2026/05/08 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Serial System Ltd 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
Reported Earnings • Apr 19Full year 2025 earnings released: EPS: US$0.003 (vs US$0.001 in FY 2024)Full year 2025 results: EPS: US$0.003 (up from US$0.001 in FY 2024). Revenue: US$860.5m (up 9.1% from FY 2024). Net income: US$2.29m (up 344% from FY 2024). Profit margin: 0.3% (up from 0.1% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 02Full year 2025 earnings released: EPS: US$0.003 (vs US$0.001 in FY 2024)Full year 2025 results: EPS: US$0.003 (up from US$0.001 in FY 2024). Revenue: US$860.5m (up 9.1% from FY 2024). Net income: US$2.29m (up 344% from FY 2024). Profit margin: 0.3% (up from 0.1% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 13First half 2025 earnings released: EPS: US$0.001 (vs US$0.006 loss in 1H 2024)First half 2025 results: EPS: US$0.001 (up from US$0.006 loss in 1H 2024). Revenue: US$392.7m (up 4.8% from 1H 2024). Net income: US$810.0k (up US$5.99m from 1H 2024). Profit margin: 0.2% (up from net loss in 1H 2024). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 18Full year 2024 earnings released: EPS: US$0.001 (vs US$0.016 loss in FY 2023)Full year 2024 results: EPS: US$0.001 (up from US$0.016 loss in FY 2023). Revenue: US$788.7m (up 3.9% from FY 2023). Net income: US$516.0k (up US$15.3m from FY 2023). Profit margin: 0.1% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 05Full year 2024 earnings released: EPS: US$0.001 (vs US$0.016 loss in FY 2023)Full year 2024 results: EPS: US$0.001 (up from US$0.016 loss in FY 2023). Revenue: US$788.7m (up 3.9% from FY 2023). Net income: US$516.0k (up US$15.3m from FY 2023). Profit margin: 0.1% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 15First half 2024 earnings released: US$0.006 loss per share (vs US$0.014 loss in 1H 2023)First half 2024 results: US$0.006 loss per share (improved from US$0.014 loss in 1H 2023). Revenue: US$374.7m (up 1.3% from 1H 2023). Net loss: US$5.18m (loss narrowed 59% from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.
Reported Earnings • Apr 19Full year 2025 earnings released: EPS: US$0.003 (vs US$0.001 in FY 2024)Full year 2025 results: EPS: US$0.003 (up from US$0.001 in FY 2024). Revenue: US$860.5m (up 9.1% from FY 2024). Net income: US$2.29m (up 344% from FY 2024). Profit margin: 0.3% (up from 0.1% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
お知らせ • Apr 16Serial System Ltd, Annual General Meeting, Apr 30, 2026Serial System Ltd, Annual General Meeting, Apr 30, 2026, at 11:00 Singapore Standard Time. Location: 8 ubi view, 05-01, serial system building, singapore 408554, Singapore
Reported Earnings • Mar 02Full year 2025 earnings released: EPS: US$0.003 (vs US$0.001 in FY 2024)Full year 2025 results: EPS: US$0.003 (up from US$0.001 in FY 2024). Revenue: US$860.5m (up 9.1% from FY 2024). Net income: US$2.29m (up 344% from FY 2024). Profit margin: 0.3% (up from 0.1% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
New Risk • Mar 02New major risk - Revenue and earnings growthEarnings have declined by 21% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Earnings have declined by 21% per year over the past 5 years. Minor Risk Market cap is less than US$100m (S$68.8m market cap, or US$54.2m).
New Risk • Feb 23New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (S$73.3m market cap, or US$58.0m).
お知らせ • Jan 19Serial System Ltd Announces Board Changes, with Effect from 1 February 2026The Board of Directors of Serial System Ltd. announced the following: Re-designation of Executive Director to Non-Executive Director and Changes in Appointment: Ms. Victoria Goh Si Hui will be re-designated from Executive Director to Non-Executive Director of the Company following her appointment as chief executive officer and executive director of Serial Achieva Limited, a 77.64%- owned subsidiary listed on the Catalist Board of the Singapore Exchange, with effect from 1 February 2026. She will also relinquish her roles of Group Vice President, Business Development & Marketing, and Chief Operating Officer of Consumer Products Distribution Division of Serial System Ltd, and be re-designated as non-executive director of all subsidiaries and associated companies within the Serial System Ltd. group with effect from 1 February 2026. Ms. Victoria Goh Si Hui will continue to oversee and manage the business of Serial Multivision Pte. Ltd., a wholly-owned subsidiary engaged in hospitality and healthcare solutions, which is a non-core business segment classified under ‘Other Businesses’ of Serial System Ltd. Changes in the Composition of the Board of Directors: Taking into account the above, the composition of the Board of the Company shall be reconstituted as follows with effect from 1 February 2026:- Board of Directors: Mr. Derek Goh Bak Heng: Executive Chairman and Group Chief Executive Officer; Mr. Teo Ser Luck: Non-Executive Deputy Chairman and Lead Independent Director; Mr. Sean Goh Su Teng: Executive Director and Deputy Group Chief Executive Officer; Mr. Heng Yeow Meng Michael: Independent Director and Audit Committee Chairman; Mr. Lye Hoong Yip Raymond: Independent Director and Remuneration Committee Chairman; Mr. Khua Kian Kheng Ivan: Independent Director and Nominating Committee Chairman; Mr. Ng Yong Hwee: Independent Director; Mr. Goi Kok Ming Kenneth: Non-Executive Director; Ms. Victoria Goh Si Hui: Non-Executive Director. There will be no changes to the composition of the Audit Committee, Nominating Committee, Remuneration Committee and Serial System Employee Share Option Scheme 2024 Committee of the Company.
Buy Or Sell Opportunity • Jan 16Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to S$0.084. The fair value is estimated to be S$0.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Meanwhile, the company has become profitable.
お知らせ • Jan 14Serial System Ltd. Announces Update on Taiwan Civil SuitThe Board of Directors of Serial System Ltd. referred to the Company's announcements dated 23 February 2017, 15 June 2021, 25 June 2021, 14 July 2021, 20 August 2025 and 16 September 2025 (the "Taiwan Civil Suit Announcement(s)"). Unless otherwise defined herein, all capitalized terms shall have the same meaning assigned to them in the Taiwan Civil Suit Announcements. The Company was informed by its 12.91% associated company, Bull Will Co. Ltd. that based on the summary of the court decision published on the notification issued by the Clerk's Office of the Supreme Court of Taiwan: (1) the appeal against the Taiwan High Court's decision on the Taiwan Civil Suit by the plaintiff and appellant, Securities and Futures Investors Protection Centre of Taiwan ("SFIPC") has been dismissed by the Supreme Court of Taiwan and the Supreme Court of Taiwan's decision is final and conclusive and (2) the court's litigation costs were ordered to be borne by the SFIPC.
Buy Or Sell Opportunity • Dec 30Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 5.0% to S$0.084. The fair value is estimated to be S$0.069, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Meanwhile, the company has become profitable.
Buy Or Sell Opportunity • Oct 27Now 30% overvalued after recent price riseOver the last 90 days, the stock has risen 94% to S$0.091. The fair value is estimated to be S$0.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Meanwhile, the company has become profitable.
Buy Or Sell Opportunity • Sep 26Now 34% overvalued after recent price riseOver the last 90 days, the stock has risen 114% to S$0.094. The fair value is estimated to be S$0.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.7% over the last 3 years. Meanwhile, the company has become profitable.
分析記事 • Sep 18Does Serial System (SGX:S69) Have A Healthy Balance Sheet?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • Aug 13First half 2025 earnings released: EPS: US$0.001 (vs US$0.006 loss in 1H 2024)First half 2025 results: EPS: US$0.001 (up from US$0.006 loss in 1H 2024). Revenue: US$392.7m (up 4.8% from 1H 2024). Net income: US$810.0k (up US$5.99m from 1H 2024). Profit margin: 0.2% (up from net loss in 1H 2024). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.
お知らせ • Jun 30Serial System Ltd Appoints Goh Si Hui Victoria as Chief Operating Officer of Consumer Products Distribution Division of Serial System LtdSerial System Ltd. appointed Goh Si Hui Victoria as Chief Operating Officer of Consumer Products Distribution Division of Serial System Ltd. to the Board of Directors for consideration. The Board of Directors concurred with the recommendation of the Nominating Committee and approved Ms. Victoria Goh Si Hui's additional appointment as Chief Operating Officer of Consumer Products Distribution Division of Serial System Ltd. The appointment is executive. Ms. Victoria Goh Si Hui will oversee the Group's business and operations of the Consumer Products Distribution Division as its Chief Operating Officer. In addition, she will continue to manage the business of the Hospitality and Healthcare Solutions and Medical Devices Assembly and Distribution Divisions as well as supply chain and inventory management of the Group. As Executive Director and Group Vice President, Business Development & Marketing of Serial System Ltd, Ms. Victoria Goh Si Hui will work with the Management Team and the Board of Serial System Ltd. on corporate development and strategic planning of the Group. Working Experience Corporate Development Executive with Serial Microelectronics Pte Ltd. (a wholly owned subsidiary of Serial System Ltd) from Aug. 2015 to Feb. 2016 - Business Development Executive (Management Trainee Program) with Future Electronics Inc. (Distribution) Pte. Ltd. from Feb. 2016 to Dec 2016 - Business Development Executive with Serial System Ltd. from Jan 2017 to May 2018 - Business Development Manager with Serial System Ltd. from Jun 2018 to Mar 2019 - Director, Business Development & Marketing with Serial System Ltd. from Apr. 2019 to Dec 2021 - Group Vice President, Business Development & Marketing with Serial System Ltd. from Jan 2022 to present Familial RelationShip includes Ms. Goh Si Hui Victoria Goh is the daughter of Derek Goh Bak Heng, Executive Chairman and Group Chief Executive Officer of Serial System Ltd. and niece of Sean Goh Su Teng, Deputy Group Chief Executive Officer and Executive Director of Serial System Ltd. and Non-Executive Chairman of Serial Achieva Limited. Professional Qualifications includes Bachelor of Business degree from Nanyang Technological University. Present Directorships Listed Companies · Serial System Ltd. · Bull Will Co. Ltd. (listed on the Over-The-Counter Securities Exchange in Taiwan) · Serial Achieva Limited (listed on Catalist Board of the SGX-ST) Non-Listed Companies · Asian Prosperity Singapore Pte. Ltd. · C & G Investment Pte Ltd. · D&C Goh Holdings Pte Ltd. · G2 Unity Investment Pte. Ltd. · Global Voice Pte Ltd. · Nuline Marketing Singapore Pte Ltd. · Teabrary International Pte. Ltd. · Teabrary Investment Pte. Ltd. · Yuan Premium Foods Pte. Ltd. Group Companies (subsidiaries and associated companies) of Serial System Ltd. · Bast Global Sdn. Bhd. · Bast Investment Pte. Ltd. · Contract Sterilization Services Pte. Ltd. · CSS Medisys Pte. Ltd. · Inkcarts Pte. Ltd. · Newstone Technology Limited · Print IQ MPS Company Limited · Print-IQ Singapore Pte. Ltd. · SCE Enterprise Pte. Ltd. · Serial Investment (Korea) Limited · Serial Investment Pte Ltd. · Serial Investment Taiwan Inc. · Serial I-Tech (Far East) Pte. Ltd. · Serial Microelectroncs (Shenzhen) Co. Ltd. · Serial Microelectronics (HK) Limited · Serial Microelectronics Inc. · Serial Microelectronics Korea Limited · Serial Microelectronics Pte Ltd. · Serial System International Pte. Ltd. · Stars Tea & Coffee Asia Pte. Ltd. · SerialTec Pte. Ltd. · Swift-Value Business Pte. Ltd. · UniSerial Electronics Limited Past Directorships (Last 5 years) · Bull Will Trading (S) Pte. Ltd. · Serial JTech System Pte. Ltd. · Serial Microelectronics Information Limited.
New Risk • May 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Earnings have declined by 47% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (S$41.6m market cap, or US$32.3m).
分析記事 • Apr 28There's Been No Shortage Of Growth Recently For Serial System's (SGX:S69) Returns On CapitalThere are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...
Reported Earnings • Apr 18Full year 2024 earnings released: EPS: US$0.001 (vs US$0.016 loss in FY 2023)Full year 2024 results: EPS: US$0.001 (up from US$0.016 loss in FY 2023). Revenue: US$788.7m (up 3.9% from FY 2023). Net income: US$516.0k (up US$15.3m from FY 2023). Profit margin: 0.1% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 15Serial System Ltd, Annual General Meeting, Apr 30, 2025Serial System Ltd, Annual General Meeting, Apr 30, 2025, at 15:00 Singapore Standard Time. Location: 8 ubi view, 05-01, serial system building, singapore 408554, Singapore
お知らせ • Apr 11Serial System Ltd Announces Retirement of Kenny Yap Kim Lee as Independent Director of the Company, Chairman of Remuneration Committee, Member of Audit and Risk Committee and Nominating CommitteeSerial System Ltd. announced that Mr. Kenny Yap Kim Lee ("Mr. Kenny Yap") will not be seeking re-election and will retain office until the conclusion of the forthcoming annual general meeting to be held on 29 April 2025 at 11 am. Accordingly, he will retire as an Independent Director of the Company and step down as Chairman of Remuneration Committee, Member of Audit and Risk Committee and Nominating Committee respectively.
Reported Earnings • Mar 05Full year 2024 earnings released: EPS: US$0.001 (vs US$0.016 loss in FY 2023)Full year 2024 results: EPS: US$0.001 (up from US$0.016 loss in FY 2023). Revenue: US$788.7m (up 3.9% from FY 2023). Net income: US$516.0k (up US$15.3m from FY 2023). Profit margin: 0.1% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.
New Risk • Feb 28New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Earnings have declined by 57% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (S$39.8m market cap, or US$29.5m).
分析記事 • Dec 06Serial System (SGX:S69) Hasn't Managed To Accelerate Its ReturnsDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...
New Risk • Nov 27New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Singaporean stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 57% per year over the past 5 years. Minor Risk Market cap is less than US$100m (S$39.8m market cap, or US$29.5m).
お知らせ • Oct 18Serial System Ltd Announces Change of Company SecretarySerial System Ltd. announced that Ms. Nor Hafiza Alwi has been appointed as Secretary of the Company with effect from 31 October 2024, in place of Mr. Chen Chuanjian, Jason and Ms Tan Ching Ching who have resigned as Joint Secretaries of the Company with effect from 31 October 2024. Hans Corporate Services Ltd. will remain as the resident secretary of the Company to fulfil the requirement under the Labuan Companies Act 1990.
分析記事 • Oct 07We Think Serial System (SGX:S69) Is Taking Some Risk With Its DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Reported Earnings • Aug 15First half 2024 earnings released: US$0.006 loss per share (vs US$0.014 loss in 1H 2023)First half 2024 results: US$0.006 loss per share (improved from US$0.014 loss in 1H 2023). Revenue: US$374.7m (up 1.3% from 1H 2023). Net loss: US$5.18m (loss narrowed 59% from 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.
お知らせ • Aug 03Serial System Ltd to Report First Half, 2024 Results on Aug 14, 2024Serial System Ltd announced that they will report first half, 2024 results on Aug 14, 2024
Board Change • May 08High 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. 2 experienced directors. No highly experienced directors. Independent Non-Executive Deputy Chairman of the Board Ser-Luck Teo is the most experienced director on the board, commencing their role in 2017. 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 • Apr 30+ 2 more updatesSerial System Ltd Announces Appointment of Ng Yong Hwee as Independent Non-Executive DirectorSerial System Ltd. announced appointment of Ng Yong Hwee as Independent Non-Executive Director and member of the Audit Committee and Remuneration Committee. Working Experience- Independent Director, K2 F&B Holdings Limited from June 2021 to present Deputy Chief Executive Officer, Union Gas Holdings Limited from June 2019 to June 2021 Managing Partner, Emerge Venture Hong Kong from October 2016 to March 2019 Managing Partner, Emerge Consulting Singapore from October 2016 to March 2019 Chief Executive Officer, NetLink Trust from October 2014 to April 2016 Chairman, City-OG Gas Energy Services Pte Ltd. from March 2013 to September 2014 Chief Executive Officer, SingSpring Pte Ltd. from October 2011 to September 2014 President and Chief Executive Officer, City Gas Pte Ltd. from April 2006 to September 2014. Professional Qualifications: Bachelor of Arts and Social Sciences, National University of Singapore and Master of Business Administration, University of Warwick, United Kingdom. Reason for director to not undergo training: Mr. Ng is currently an Independent Director, Chairman of the Remuneration Committee and the Internal Control Committee, and a member of the Audit Commitee and Nomination Committee of K2 F&B Holdings Limited, a company listed on the Hong Kong Exchanges and Clearing Limited. He was the Deputy Chief Executive Officer of Union Gas Holdings Limited, a company listed on the Catalist of the Singapore Exchange Securities Trading Limited for the period from June 2019 to June 2021. Mr. Ng is a Senior Accredited Board Director (Singapore Institute of Directors) and has completed the Listed Company Director and Effective Board leadership programmes by the Singapore Institute of Directors in 2012/2013. Other DirectorShips Present: Independent Director, K2 F&B Holdings Limited. Other DirectorShips Past: Deputy Chief Executive Officer, Union Gas Holdings Limited. Mr. Ng Yong Hwee ("Mr Ng") has more than thirty years of work experience and more than fifteen years of CEO and Board experience. He has worked for both global and Asian multinational corporations and Temasek-linked companies such as Esso, BASF, GE and City Gas. He has substantial experience in business development, sales and marketing, mergers and acquisitions, business integration, strategic and corporate planning as well as supply chain. Mr. Ng is also an Independent Director of K2 F&B Holdings Limited, a Company listed on the Hong Kong Exchanges and Clearing Limited. He was the Deputy Chief Executive Officer of Union Gas Holdings Limited, a company listed on the Catalist of the Singapore Exchange Securities Trading Limited for the period from June 2019 to June 2021. The Nominating Committee having considered Mr. Ng's working experience, credentials and other relevant factors for his appointment as an Independent Non-Executive Director of Serial System Ltd, recommended his appointment to the Board of Directors for consideration.
お知らせ • Apr 27+ 2 more updatesSerial System Ltd Announces Retirement of Tan Lye Heng Paul as Lead Independent Non-Executive Director and as Chairman of the Audit Committee and a Member of the Nominating Committee and the Remuneration CommitteeSerial System Ltd. announced that Tan Lye Heng Paul who has served on the Board of Directors for more than nine years, will not be considered independent upon the conclusion of the forthcoming annual general meeting on 30 April 2024. Accordingly, Paul Tan will retire as a Lead Independent Non-Executive Director and not be seeking for re-appointment as Director of the Company at the AGM, and will cease to be the Chairman of the Audit Committee ("AC") and a member of the Nominating Committee and the Remuneration Committee of the Company following the conclusion of the AGM. Other DirectorShips Past: Independent Director, Sin Ghee Huat Corporation Ltd. Independent Director, China Sunsine Chemical Holdings Ltd. Other DirectorShips Present: Chairman, Nexia Singapore PAC Managing Director, CA Trust PAC Independent Director, Second Chance Properties Ltd. Independent Director, Pollux Properties Ltd. Independent Director, AJJ Medtech Holdings Ltd. Independent Director, PSC Corporation Ltd.
分析記事 • Apr 23It Looks Like Serial System Ltd's (SGX:S69) CEO May Expect Their Salary To Be Put Under The MicroscopeKey Insights Serial System will host its Annual General Meeting on 30th of April CEO Derek Goh's total compensation...
Reported Earnings • Apr 17Full year 2023 earnings released: US$0.016 loss per share (vs US$0.005 loss in FY 2022)Full year 2023 results: US$0.016 loss per share (further deteriorated from US$0.005 loss in FY 2022). Revenue: US$759.0m (down 16% from FY 2022). Net loss: US$14.8m (loss widened 221% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 16Serial System Ltd, Annual General Meeting, Apr 30, 2024Serial System Ltd, Annual General Meeting, Apr 30, 2024, at 11:00 Singapore Standard Time. Location: 8 Ubi View, #05-01, Serial System Building, Singapore 408554 Singapore Singapore Agenda: To consider the adoption of Audited Financial Statements and Directors' Statement and Auditor's report for the financial year ended 31 December 2023; to consider the approval of payment of Directors' Fees for the financial year ending 31 December 2024 payable quarterly in arrears; to consider the re-election of Mr. Derek Goh Bak Heng as a Director of the Company; to consider the re-appointment of Moore Stephens LLP as Auditors and authorisation for the Directors to fix their remuneration; and to consider other matters.
分析記事 • Apr 08Serial System (SGX:S69) Has Debt But No Earnings; Should You Worry?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • Feb 24Full year 2023 earnings released: US$0.016 loss per share (vs US$0.005 loss in FY 2022)Full year 2023 results: US$0.016 loss per share (further deteriorated from US$0.005 loss in FY 2022). Revenue: US$759.0m (down 16% from FY 2022). Net loss: US$14.8m (loss widened 221% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.
お知らせ • Feb 17Serial System Ltd to Report Fiscal Year 2023 Results on Feb 29, 2024Serial System Ltd announced that they will report fiscal year 2023 results on Feb 29, 2024
お知らせ • Jan 11Serial System Ltd Announces Board ChangesSerial System Ltd. announced that Mr. Derek Goh Bak Heng has been appointed the Executive Director and Executive Chairman of the Company with effect from 9 January 2024 and will continue to concurrently serve as the Group CEO of the Company and its subsidiaries (the Group). Following Mr. Derek Goh Bak Heng's appointment by the Board as the Executive Director and Executive Chairman of the Company, Mr. Teo Ser Luck will relinquish his role as Independent Non-Executive Acting Chairman of the Board and will be re-designated as Independent Non-Executive Deputy Chairman of the Board.
お知らせ • Jan 10Serial System Ltd Appoints Lye Hoong Yip Raymond as Independent Non-Executive DirectorSerial System Ltd. announced that appointment of Lye Hoong Yip Raymond as Independent Non-Executive Director. Mr. Lye Hoong Yip Raymond ("Raymond Lye") has more than fourteen years of experience as an Independent Director of Goodland Group Ltd, a company listed on the Mainboard of the Singapore Exchange Securities Trading Limited. He was also Independent Director of 800 Super Holdings Ltd. from June 2011 to August 2019 and SK Jewellery Group Ltd. from June 2015 to December 2020, prior to their de-listing on Catalist of the Singapore Exchange Securities Trading Limited. Raymond Lye is currently the Managing Partner of Union Law LLP. Working Experience: Managing Partner, Union Law LLP from January 2014 to present Independent Director, Goodland Group Ltd. from August 2009 to present Independent Director, 800 Super Holdings Ltd. from June 2011 to August 2019 (delisted) Independent Director, SK Jewellery Group Ltd. from June 2015 to December 2020 (delisted) Director, TCR Investment Holdings Pte Ltd, from September 2017 to December 2018 (stuck-off due to dormant with no activity since incorporation).
分析記事 • Dec 08Does Serial System (SGX:S69) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Reported Earnings • Aug 13First half 2023 earnings released: US$0.014 loss per share (vs US$0 in 1H 2022)First half 2023 results: US$0.014 loss per share (further deteriorated from US$0 in 1H 2022). Revenue: US$369.8m (down 20% from 1H 2022). Net loss: US$12.7m (down US$13.1m from profit in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
New Risk • Aug 12New major risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.0% operating cash flow to total debt). Earnings have declined by 48% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (S$72.4m market cap, or US$53.5m).
お知らせ • Jul 29Serial System Ltd to Report First Half, 2023 Results on Aug 14, 2023Serial System Ltd announced that they will report first half, 2023 results on Aug 14, 2023
分析記事 • May 12These Return Metrics Don't Make Serial System (SGX:S69) Look Too StrongWhat financial metrics can indicate to us that a company is maturing or even in decline? Businesses in decline often...
Reported Earnings • Apr 15Full year 2022 earnings released: US$0.005 loss per share (vs US$0.012 profit in FY 2021)Full year 2022 results: US$0.005 loss per share (down from US$0.012 profit in FY 2021). Revenue: US$906.7m (up 1.2% from FY 2021). Net loss: US$4.62m (down 142% from profit in FY 2021). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
分析記事 • Feb 25Serial System (SGX:S69) Seems To Be Using A Lot Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Reported Earnings • Feb 24Full year 2022 earnings released: US$0.005 loss per share (vs US$0.012 profit in FY 2021)Full year 2022 results: US$0.005 loss per share (down from US$0.012 profit in FY 2021). Revenue: US$906.7m (up 1.2% from FY 2021). Net loss: US$4.62m (down 142% from profit in FY 2021). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
お知らせ • Feb 16Serial System Ltd. Provides Group Earnings Guidance for the Full Year Ended 31 December 2022Serial System Ltd. provided group earnings guidance for the full year ended 31 December 2022. For the year, the group expects to report a net loss. Based on the preliminary review of the Group's unaudited financial results for the fiscal year 2022, the losses are primarily due to foreign exchange loss and allowances for inventory obsolescence.
分析記事 • Jan 17Serial System (SGX:S69) Will Be Hoping To Turn Its Returns On Capital AroundIgnoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
分析記事 • Dec 06Estimating The Intrinsic Value Of Serial System Ltd (SGX:S69)Does the December share price for Serial System Ltd ( SGX:S69 ) reflect what it's really worth? Today, we will estimate...
お知らせ • Oct 14Serial System Ltd Announces Interim One-Tier Tax-Exempt Cash Dividend for the Financial Year Ending 31 December 2022, Payable on 18 November 2022Serial System Ltd. announced the interim one-tier tax-exempt cash dividend of 0.11 Singapore cent per share for the financial year ending 31 December 2022. The share transfer books and Register of Members of the Company will be closed on 12 November 2022. The interim dividend will be paid on 18 November 2022.
分析記事 • Oct 11Serial System's (SGX:S69) Returns On Capital Tell Us There Is Reason To Feel UneasyIf you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...
お知らせ • Aug 14Serial System Ltd. Declares Interim One Tier Tax Exempt Dividend for the Half Year Ended June 30, 2022Serial System Ltd. declared interim one tier tax exempt dividend of 0.11 cents per share for the half year ended June 30, 2022.
Reported Earnings • Aug 14First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down US$5.84m from profit in 1H 2021). Profit margin: (down from 1.3% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 8% per year.
お知らせ • Jul 09Serial System Ltd Appoints Goh Su Teng Sean as Deputy Group Chief Executive OfficerThe board of directors of Serial System Ltd. announced the appointment of Goh Su Teng Sean as Deputy Group Chief Executive Officer. The appointment is part of Serial System Group's succession plan that is focused on developing leaders who can contribute to making Serial System Group a strong and successful company for all its stakeholders. Sean Goh has been the Group's Chief Operating Officer since 2019 and was appointed as Executive Director of the Company on 5th October 2021. Sean Goh has demonstrated excellent leadership in the growth of the Group's electronic components distribution and consumer products distribution businesses and the development of new businesses covering FMCG and new Tech. He will continue to work under the leadership of Mr. Derek Goh Bak Heng, the Group Chief Executive Officer of Serial System Ltd. The Nominating Committee has recommended and the Board has approved Sean Goh's appointment as Deputy Group Chief Executive Officer of Serial System Ltd. The NC and the Board opined that Sean Goh is a focused and driven leader with a deep understanding of the Serial System Group's businesses and the needs of Serial System Group's customers, employees and other stakeholders, and he is fully committed to continue to drive sustainable long term growth for the Serial System Group. Sean Goh will relinquish his title as Group Chief Operating Officer of Serial System Ltd. following this appointment. Sales Engineer with Serial Microelectronics Pte Ltd. from June 2004 to December 2005 Product Manager with Serial Microelectronics Pte Ltd. from January 2006 to December 2008 Marketing Director with Serial Microelectronics Pte Ltd. from January 2009 to September 2009 Vice President of Regional Marketing with Serial Microelectronics Pte Ltd. from October 2009 to June 2011 Senior Vice President of Corporate Planning, Development and Regional Marketing with Serial Microelectronics Pte Ltd. from July 2011 to June 2018 Group Senior Vice President and Chief Operating Officer of Consumer Products Distribution Division from July 2018 to May 2019 Group Chief Operating Officer from June 2019 to present. Professional Qualifications: Bachelor of Engineering degree with Honours from the Nanyang Technological University. Appointment date is July 08, 2022.
Buying Opportunity • May 04Now 22% undervaluedOver the last 90 days, the stock is up 14%. The fair value is estimated to be S$0.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Earnings per share has declined by 29%.
Reported Earnings • Apr 08Full year 2021 earnings released: EPS: US$0.012 (vs US$0 in FY 2020)Full year 2021 results: EPS: US$0.012 (up from US$0 in FY 2020). Revenue: US$895.9m (up 23% from FY 2020). Net income: US$11.1m (up US$10.9m from FY 2020). Profit margin: 1.2% (up from 0% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
お知らせ • Apr 06+ 2 more updatesSerial System Ltd Proposes One-Tier Tax-Exempt Final Cash Dividend for the Year Ended December 31, 2021, Payable on June 3, 2022Serial System Ltd. proposed one-tier tax-exempt Final Cash Dividend of 0.45 Singapore cent per ordinary share for the financial year ended 31 December 2021 (2020: One-tier tax-exempt Final Cash Dividend of 0.11 Singapore cent per ordinary share) at its AGM to be held on April 28, 2022. Shareholders whose securities accounts with The Central Depository (Pte) Limited are credited with shares at 5.00 p.m. on 26 May 2022 will be entitled to the proposed dividend. The proposed dividend, if approved by the shareholders at the Annual General Meeting to be held on 28 April 2022, will be paid on 3 June 2022.
分析記事 • Apr 04Serial System (SGX:S69) Will Be Hoping To Turn Its Returns On Capital AroundIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...
Reported Earnings • Feb 25Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: US$0.012 (up from US$0 in FY 2020). Revenue: US$895.9m (up 23% from FY 2020). Net income: US$11.1m (up US$10.9m from FY 2020). Profit margin: 1.2% (up from 0% in FY 2020). 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 fallen by 29% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
お知らせ • Feb 25SSTW Technology Pte. Ltd. acquired Serial Microelectronics Inc. for NTD 1.5 million.SSTW Technology Pte. Ltd. acquired Serial Microelectronics Inc. for NTD 1.5 million on December 23, 2021. The investment was funded through internal resources. The net assets of SMI as at 30 November 2021 were NTD 1.5 million. SSTW Technology Pte. Ltd. completed the acquisition of Serial Microelectronics Inc. for on December 23, 2021.
お知らせ • Feb 24Serial System Ltd Proposes Final Cash DividendSerial System Ltd. proposed a final cash dividend of 0.45 Singapore cent a share. Together with an interim payout of 0.22 Singapore cent a share, shareholders can expect a total amount of 0.67 Singapore cent a share in FY2021 compared to 0.11 Singapore cent a share in FY2020.
Recent Insider Transactions • Aug 18Founder recently bought S$64k worth of stockOn the 16th of August, Bak Heng Goh bought around 450k shares on-market at roughly S$0.14 per share. In the last 3 months, they made an even bigger purchase worth S$77k. Bak Heng has been a buyer over the last 12 months, purchasing a net total of S$364k worth in shares.
お知らせ • Jul 15Serial System Ltd Announces Update on Taiwan Civil SuitSerial System Ltd. was informed by its 19.02% associated company, Bull Will Co. Ltd. that the plaintiff, Securities and Futures Investors Protection Centre of Taiwan, had filed an appeal with the Taiwan High Court. The company wishes to reiterate that Bull Will has insured its directors and supervisors with a USD 5 million directors and supervisors liability insurance from Cathay Century Insurance, which is more than adequate to cover any potential damages from the appeal. The company will make further announcements to update its shareholders on any further material developments in connection with the Taiwan Civil Suit. As at the date of this announcement, the Board does not expect the Taiwan Civil Suit to have any material impact on the net tangible assets per share and earnings per share of the Company and the Group for the financial year ending 31 December 2021.
Recent Insider Transactions • Jun 17Founder recently bought S$60k worth of stockOn the 16th of June, Bak Heng Goh bought around 400k shares on-market at roughly S$0.15 per share. This was the largest purchase by an insider in the last 3 months. Bak Heng has been a buyer over the last 12 months, purchasing a net total of S$82k worth in shares.
お知らせ • May 11Serial System Ltd Approves One-Tier Tax-Exempt Final Cash Dividend for the Financial Year Ended December 31, 2020Serial System Ltd. approved the payment of one-tier tax-exempt Final Cash Dividend of 0.11 Singapore cent per ordinary share for the financial year ended 31 December 2020 at its AGM held 28 April 2021.
分析記事 • Apr 04We Think Serial System (SGX:S69) Can Stay On Top Of Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Mar 09Should You Be Worried About Serial System's (SGX:S69) Returns On Capital?To avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...
分析記事 • Feb 10A Look At Serial System's (SGX:S69) Share Price ReturnsWhile not a mind-blowing move, it is good to see that the Serial System Ltd ( SGX:S69 ) share price has gained 16% in...
分析記事 • Dec 18Does Serial System (SGX:S69) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...