공시 • Mar 05
5E Resources Limited to Delist from SGX Effective March 05 5E Resources Limited will be delisted from the Official List of the Singapore Exchange Securities Trading Limited with effect from 9.00 a.m. on 5 March 2025. 공시 • Feb 22
Loo Sok Ching, Wong Kim Fatt, Ban Kim Wah, Lim Te Hua and Shankar A/L Narasingam completed the acquisition of 22.78% stake in 5E Resources Limited (Catalist:NLC). Loo Sok Ching, Wong Kim Fatt, Ban Kim Wah, Lim Te Hua and Shankar A/L Narasingam agreed to acquire 22.78% stake in 5E Resources Limited (Catalist:NLC) for SGD 12.2 million on October 25, 2024. As per the transaction, Loo Sok Ching, Wong Kim Fatt, Ban Kim Wah, Lim Te Hua and Shankar A/L Narasingam will acquire 32.15 million shares at SGD 0.38 per share. The transaction is subject to approval by shareholders, approval by court and regulatory authorities. As of December 24, 2024, the transaction has been approved by Court. As per the announcement dated January 22, 2025 5E Resources Limited (Catalist:NLC) shareholders have approved the transaction. As of January 28, 2025, in light of the approval by the Shareholders at the Scheme Meeting held on 22 January 2025, the Company wishes to announce that: it has filed summons Scheme Sanction Application on 23 January 2025 in the Court to apply for an order for sanction of the Scheme; and (b) the Court has directed that the Scheme Sanction Application be fixed for hearing on 7 February 2025. The Board wishes to announce that the SGX RegCo has on February 6, 2025 granted its in principle approval for the Delisting of 5E Resources from the Catalist Board. As of February 7, 2025, the Board wishes to announce that the Court has sanctioned the Scheme. As the Court’s approval has been obtained for sanctioning of the Scheme, the Company has at the date of this Announcement complied with all the conditions to the Delisting AIP and the Waivers. Subject to the satisfaction of all the Scheme Conditions in accordance with the terms of the Implementation Agreement, the Scheme will become effective and binding upon the lodgement of the Court Order with ACRA. The Board wishes to announce that the SGX RegCo has on February 6, 2025 granted its in principle approval for the Delisting of 5E Resources from the Catalist Board. The Board wishes to confirm that the last day of trading of the Shares will be on 10 February 2025 and that trading of the Shares will be suspended on February 11, 2025. The scheme is expected to be effective on or around February 20, 2025.
W Capital Markets Pte Ltd acted as financial advisor to 5E Resources Limited.
Loo Sok Ching, Wong Kim Fatt, Ban Kim Wah, Lim Te Hua and Shankar A/L Narasingam completed the acquisition of 22.78% stake in 5E Resources Limited (Catalist:NLC) on February 20, 2025. New Risk • Jan 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (S$53.6m market cap, or US$39.2m). 공시 • Oct 07
5E Resources Limited Announces Change of Company Secretary The Board of Directors of 5E Resources Limited announced the appointment of Ms. Cheok Hui Yee and Ms. Kong Wei Fung as Company Secretaries of the Company, and the resignation of Ms. Sharon Lim Siew Choo as Company Secretary of the Company, with effect from 7 October 2024. Reported Earnings • Aug 12
First half 2024 earnings released: EPS: RM0.068 (vs RM0.074 in 1H 2023) First half 2024 results: EPS: RM0.068 (down from RM0.074 in 1H 2023). Revenue: RM40.8m (up 8.4% from 1H 2023). Net income: RM9.85m (down 9.8% from 1H 2023). Profit margin: 24% (down from 29% in 1H 2023). The decrease in margin was driven by higher expenses. 공시 • Apr 09
5E Resources Limited, Annual General Meeting, Apr 23, 2024 5E Resources Limited, Annual General Meeting, Apr 23, 2024, at 10:00 Singapore Standard Time. Location: R1 Arena, Level 4, Lifelong Learning Institute Pte. Ltd., 11 Eunos Road 8, Singapore 408601 Singapore Singapore Agenda: To consider the Adoption of Directors' Statement and the Audited Financial Statements for the financial yea ended 31 December 2023 together with the Independent Auditors' Report thereon; to consider the Re-election of Mdm. Loo Sok Ching as a Director; to consider the Re-election of Mr. Kam Chai Hong as a Director; to consider the Re-election of Mr. Wang Han Lin as a Director; to consider the Approval of Directors' fees amounting to S$158,000 for the financial year ending 31 December 2024, to be paid quarterly in arrears; to consider the Re-appointment of Messrs. Foo Kon Tan LLP as the Company's Auditors and authorise the Directors of the Company to fix their remuneration; to consider the Authority to allot and issue shares; to consider the Renewal of Share Buyback Mandate; and to consider other matters if any. Buy Or Sell Opportunity • Apr 01
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to S$0.29. The fair value is estimated to be S$0.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 23%. Buy Or Sell Opportunity • Mar 06
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 7.7% to S$0.28. The fair value is estimated to be S$0.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 23%. New Risk • Feb 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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 Shares are highly illiquid. High level of non-cash earnings (25% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Short dividend paying track record (1 year of continuous dividend payments). Market cap is less than US$100m (S$34.5m market cap, or US$25.6m). Board Change • Nov 17
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Executive Chairman Sok Loo is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 공시 • Nov 01
5E Resources Limited Announces Change of Company Secretary The Board of Directors of 5E Resources Limited announced the appointment of Ms. Sharon Lim Siew Choo as Company Secretary of the Company and the resignation of Ms. Shirley Tan Sey Liy as Company Secretary of the Company with effect from 31 October 2023. Reported Earnings • Aug 07
First half 2023 earnings released: EPS: RM0.074 (vs RM0.051 in 1H 2022) First half 2023 results: EPS: RM0.074 (up from RM0.051 in 1H 2022). Revenue: RM37.6m (up 15% from 1H 2022). Net income: RM10.9m (up 77% from 1H 2022). Profit margin: 29% (up from 19% in 1H 2022). New Risk • Aug 04
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (25% accrual ratio). Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Market cap is less than US$100m (S$39.1m market cap, or US$29.2m). Board Change • Aug 02
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Executive Chairman Sok Loo is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Jun 27
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Executive Chairman Sok Loo is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 09
Full year 2022 earnings released: EPS: RM0.092 (vs RM0.085 in FY 2021) Full year 2022 results: EPS: RM0.092 (up from RM0.085 in FY 2021). Revenue: RM65.0m (up 12% from FY 2021). Net income: RM12.3m (up 33% from FY 2021). Profit margin: 19% (up from 16% in FY 2021). The increase in margin was driven by higher revenue. Board Change • Mar 28
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Chairman Sok Loo is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Mar 01
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Chairman Sok Loo is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Buying Opportunity • Feb 06
Now 22% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be S$0.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last year. Earnings per share has grown by 86%. Buying Opportunity • Jan 17
Now 23% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be S$0.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last year. Earnings per share has grown by 86%. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Chairman Sok Loo is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 공시 • Aug 02
5E Resources Limited Announces Resignation of Chear Ee Lee as Chief Financial Officer, Effective 19 September 2022 5E Resources Limited announced that Ms. Chear Ee Lee had tendered her resignation as the Chief Financial Officer ("CFO") of the Company on 20 July 2022 to pursue other employment opportunity abroad. The Board of Directors had on 1 August 2022, accepted Ms. Chear's resignation and mutually agreed on Ms. Chear's last working day with the Company to be 19 September 2022. In the interim period, Ms. Chear will work closely with the Senior Management and the Finance team to handover her responsibilities until the effective date of her resignation. The Board will identify and shortlist candidates to replace Ms. Chear and will make the necessary announcement in due course. 공시 • Jun 28
5E Resources Limited Announces Change of Head of Business of Development The Board of Directors of 5E Resources Limited announced that Mr. Wong Chun Wei ("Mr. Wong") has resigned as the Head of Business of Development of the Group with effect from 22 July 2022. Upon resignation of Mr. Wong, the role and responsibilities will be undertaken by Mr. Lim Te Hua (Chief Executive Officer) and Mr. Boo Chin Hwee (Head of Marketing). 공시 • May 12
5E Resources Limited has completed an IPO in the amount of SGD 10.01 million. 5E Resources Limited has completed an IPO in the amount of SGD 10.01 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 36,500,000
Price\Range: SGD 0.26
Discount Per Security: SGD 0.0078
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,000,000
Price\Range: SGD 0.26
Discount Per Security: SGD 0.0078