Board Change • Apr 30
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Independent Director Gordon Lee is the most experienced director on the board, commencing their role in 2024. 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 • Jan 31
New Century Logistics (BVI) Limited announced delayed 20-F filing On 01/30/2026, New Century Logistics (BVI) Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC. New Risk • Jan 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% 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 Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 115% per year over the past 5 years. Minor Risk Market cap is less than US$100m (US$20.4m market cap). Board Change • Jan 02
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Independent Director Gordon Lee is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Oct 01
New major risk - Revenue and earnings growth Earnings have declined by 115% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 115% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (US$13.2m market cap). Board Change • Sep 01
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Independent Director Jay Suk Lin Ma is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Aug 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (48% net debt to equity). Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Share price has been volatile over the past 3 months (13% average weekly change). Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (US$17.0m market cap). Reported Earnings • Jan 29
Full year 2024 earnings released: EPS: US$0.011 (vs US$0.023 in FY 2023) Full year 2024 results: EPS: US$0.011 (down from US$0.023 in FY 2023). Revenue: US$52.2m (up 45% from FY 2023). Net income: US$220.6k (down 51% from FY 2023). Profit margin: 0.4% (down from 1.3% in FY 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$1.76, the stock trades at a trailing P/E ratio of 65.2x. Average trailing P/E is 26x in the Logistics industry in the US. お知らせ • Dec 19
New Century Logistics (BVI) Limited has completed an IPO in the amount of $6 million. New Century Logistics (BVI) Limited has completed an IPO in the amount of $6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,500,000
Price\Range: $4
Discount Per Security: $0.3