View Future GrowthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsAF Global 과거 순이익 실적과거 기준 점검 2/6AF Global은 연평균 44.2%의 비율로 수입이 증가해 온 반면, Hospitality 산업은 수입이 35.9% 증가했습니다. 매출은 연평균 27.8%의 비율로 증가했습니다. AF Global의 자기자본이익률은 2.4%이고 순이익률은 4.4%입니다.핵심 정보44.20%순이익 성장률44.20%주당순이익(EPS) 성장률Hospitality 산업 성장률-9.48%매출 성장률27.76%자기자본이익률2.41%순이익률4.45%최근 순이익 업데이트30 Jun 2025최근 과거 실적 업데이트Reported Earnings • Aug 13First half 2025 earnings released: EPS: S$0.001 (vs S$0.002 loss in 1H 2024)First half 2025 results: EPS: S$0.001 (up from S$0.002 loss in 1H 2024). Revenue: S$15.8m (down 1.6% from 1H 2024). Net income: S$1.44m (up S$4.04m from 1H 2024). Profit margin: 9.1% (up from net loss in 1H 2024). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 12Full year 2024 earnings released: S$0.003 loss per share (vs S$0.003 profit in FY 2023)Full year 2024 results: S$0.003 loss per share (down from S$0.003 profit in FY 2023). Revenue: S$31.4m (up 11% from FY 2023). Net loss: S$2.65m (down 200% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 25Full year 2024 earnings released: S$0.002 loss per share (vs S$0.003 profit in FY 2023)Full year 2024 results: S$0.002 loss per share (down from S$0.003 profit in FY 2023). Revenue: S$31.4m (up 11% from FY 2023). Net loss: S$2.65m (down 200% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 12First half 2024 earnings released: S$0.002 loss per share (vs S$0.001 profit in 1H 2023)First half 2024 results: S$0.002 loss per share (down from S$0.001 profit in 1H 2023). Revenue: S$16.0m (up 12% from 1H 2023). Net loss: S$2.60m (down 374% from profit in 1H 2023). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.공시 • Jul 31AF Global Limited to Report First Half, 2024 Results on Aug 05, 2024AF Global Limited announced that they will report first half, 2024 results on Aug 05, 2024분석 기사 • Apr 18There May Be Underlying Issues With The Quality Of AF Global's (SGX:L38) EarningsAF Global Limited's ( SGX:L38 ) robust earnings report didn't manage to move the market for its stock. We did some...모든 업데이트 보기Recent updates공시 • Apr 16Aspial Corporation Limited (SGX:A30) and Koh Wee Meng completed the acquisition of remaining 20.16% stake in AF Global Limited (SGX:L38).Aspial Corporation Limited (SGX:A30) and Koh Wee Meng entered into an implementation agreement to acquire remaining 20.16% stake in AF Global Limited (SGX:L38) for SGD 23.4 million on October 8, 2025. A cash consideration valued at SGD 0.11 per share will be paid by Aspial Corporation Limited. As at the Joint Announcement Date, Aspial has a direct interest in 440,691,785 Shares, representing 41.75% stake and KWM has a direct interest in 326,265,000 Shares, representing 30.91% stake in AF Global. Based on information available to the Offeror as at the Joint Announcement Date, 75,855,637 Shares representing approximately 7.19% of the total number of Shares are held by persons who are deemed to be “interested persons” (as defined in the listing manual of the SGX-ST) of Aspial. The Related Shareholders are presumed to be concert parties of the Offeror under the Code and will abstain from voting on the Scheme in accordance with the requirements of the Securities Industry Council’s. DBS, as the sole financial adviser to the Offeror, confirms that sufficient financial resources are available to the Offeror to satisfy in full the aggregate Scheme Consideration payable by the Offeror for all the Scheme Shares to be acquired by the Offeror pursuant to the Scheme. The transaction is subject to approval of the Scheme by a majority in number of the Scheme Shareholders representing three-fourths in value of the Scheme Shares held by Scheme Shareholders present and voting either in person or by proxy at the Scheme Meeting, The Offeror and its concert parties, and the common substantial shareholders of the Offeror and the Company will abstain from voting on the Scheme, Court sanction for convening the Scheme Meeting; and (ii) the approval of the Scheme (if approved at the Scheme Meeting). The transaction is expected to complete in first quarter of 2026. As of January 15, 2026, the court has granted approval for the transaction. As of January 15, 2026, AF Global board announced that it has dispatched scheme document to shareholders. Shareholders meeting will be held on February 5, 2026. As of February 4, 2026, AF Global Limited announced the postpone of shareholders meeting from February 5, 2026, to March 10, 2026. As of February 12, 2026, AF Global Limited announced that SGX-ST informed that it has no objection to AF Global Waiver Application. On March 10, 2026, the shareholders of AF Global Limited has approved the transaction. The transaction is now expected to close on or around April 8, 2026. As per the announcement dated March 27, 2026 the court has sanctioned the Scheme. The transaction is now expected to close on April 14, 2026. DBS Bank Ltd. acted as financial advisor for Aspial Corporation and Koh Wee Meng. Xandar Capital Pte. Ltd. acted as financial advisor for AF Global Limited. Evolve Capital Asia acted as financial advisor to directors of Aspial. Venture Law LLC acted as legal advisor for AF Global Limited. Aspial Corporation Limited (SGX:A30) and Koh Wee Meng completed the acquisition of remaining 20.16% stake in AF Global Limited (SGX:L38) on April 15, 2026.New Risk • Feb 24New 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: 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$116.1m market cap, or US$91.6m).공시 • Oct 08Aspial Corporation Limited (SGX:A30) and Koh Wee Meng entered into an implementation agreement to acquire remaining 20.16% stake in AF Global Limited (SGX:L38) for SGD 23.4 million.Aspial Corporation Limited (SGX:A30) and Koh Wee Meng entered into an implementation agreement to acquire remaining 20.16% stake in AF Global Limited (SGX:L38) for SGD 23.4 million on October 8, 2025. A cash consideration valued at SGD 0.11 per share will be paid by Aspial Corporation Limited. As at the Joint Announcement Date, Aspial has a direct interest in 440,691,785 Shares, representing 41.75% stake and KWM has a direct interest in 326,265,000 Shares, representing 30.91% stake in AF Global. Based on information available to the Offeror as at the Joint Announcement Date, 75,855,637 Shares representing approximately 7.19% of the total number of Shares are held by persons who are deemed to be “interested persons” (as defined in the listing manual of the SGX-ST) of Aspial. The Related Shareholders are presumed to be concert parties of the Offeror under the Code and will abstain from voting on the Scheme in accordance with the requirements of the Securities Industry Council’s. DBS, as the sole financial adviser to the Offeror, confirms that sufficient financial resources are available to the Offeror to satisfy in full the aggregate Scheme Consideration payable by the Offeror for all the Scheme Shares to be acquired by the Offeror pursuant to the Scheme. The transaction is subject to approval of the Scheme by a majority in number of the Scheme Shareholders representing three-fourths in value of the Scheme Shares held by Scheme Shareholders present and voting either in person or by proxy at the Scheme Meeting, The Offeror and its concert parties, and the common substantial shareholders of the Offeror and the Company will abstain from voting on the Scheme, Court sanction for convening the Scheme Meeting; and (ii) the approval of the Scheme (if approved at the Scheme Meeting). The transaction is expected to complete in first quarter of 2026. DBS Bank Ltd. acted as financial advisor for Aspial Corporation and Koh Wee Meng. Xandar Capital Pte. Ltd. acted as financial advisor for AF Global Limited.분석 기사 • Sep 17Estimating The Fair Value Of AF Global Limited (SGX:L38)Key Insights The projected fair value for AF Global is S$0.10 based on 2 Stage Free Cash Flow to Equity Current share...Buy Or Sell Opportunity • Sep 11Now 24% undervaluedOver the last 90 days, the stock has risen 17% to S$0.076. The fair value is estimated to be S$0.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Meanwhile, the company has become profitable.Buy Or Sell Opportunity • Aug 25Now 21% undervaluedOver the last 90 days, the stock has risen 22% to S$0.079. The fair value is estimated to be S$0.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Meanwhile, the company has become profitable.New Risk • Aug 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 149% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (S$77.1m market cap, or US$60.1m).Reported Earnings • Aug 13First half 2025 earnings released: EPS: S$0.001 (vs S$0.002 loss in 1H 2024)First half 2025 results: EPS: S$0.001 (up from S$0.002 loss in 1H 2024). Revenue: S$15.8m (down 1.6% from 1H 2024). Net income: S$1.44m (up S$4.04m from 1H 2024). Profit margin: 9.1% (up from net loss in 1H 2024). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.분석 기사 • Jul 22Investors Appear Satisfied With AF Global Limited's (SGX:L38) Prospects As Shares Rocket 27%The AF Global Limited ( SGX:L38 ) share price has done very well over the last month, posting an excellent gain of 27...분석 기사 • Jun 24Does AF Global (SGX:L38) 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...New Risk • May 02New 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 10% 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: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (S$81.3m market cap, or US$62.7m).Reported Earnings • Apr 12Full year 2024 earnings released: S$0.003 loss per share (vs S$0.003 profit in FY 2023)Full year 2024 results: S$0.003 loss per share (down from S$0.003 profit in FY 2023). Revenue: S$31.4m (up 11% from FY 2023). Net loss: S$2.65m (down 200% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.공시 • Apr 11AF Global Limited, Annual General Meeting, Apr 28, 2025AF Global Limited, Annual General Meeting, Apr 28, 2025, at 09:30 Singapore Standard Time. Location: aspial one, 55 ubi avenue 3 level 1, singapore 408864, SingaporeReported Earnings • Feb 25Full year 2024 earnings released: S$0.002 loss per share (vs S$0.003 profit in FY 2023)Full year 2024 results: S$0.002 loss per share (down from S$0.003 profit in FY 2023). Revenue: S$31.4m (up 11% from FY 2023). Net loss: S$2.65m (down 200% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.New Risk • Feb 22New 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: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (S$75.0m market cap, or US$56.1m).New Risk • Jan 24New 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 12% 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 Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Market cap is less than US$100m (S$75.0m market cap, or US$55.6m).분석 기사 • Nov 01Is AF Global (SGX:L38) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Reported Earnings • Aug 12First half 2024 earnings released: S$0.002 loss per share (vs S$0.001 profit in 1H 2023)First half 2024 results: S$0.002 loss per share (down from S$0.001 profit in 1H 2023). Revenue: S$16.0m (up 12% from 1H 2023). Net loss: S$2.60m (down 374% from profit in 1H 2023). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.New Risk • Aug 07New 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 8.9% 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: Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (S$128.8m market cap, or US$97.0m).공시 • Jul 31AF Global Limited to Report First Half, 2024 Results on Aug 05, 2024AF Global Limited announced that they will report first half, 2024 results on Aug 05, 2024분석 기사 • Jul 29Market Participants Recognise AF Global Limited's (SGX:L38) Revenues Pushing Shares 27% HigherAF Global Limited ( SGX:L38 ) shares have had a really impressive month, gaining 27% after a shaky period beforehand...분석 기사 • Apr 18There May Be Underlying Issues With The Quality Of AF Global's (SGX:L38) EarningsAF Global Limited's ( SGX:L38 ) robust earnings report didn't manage to move the market for its stock. We did some...Reported Earnings • Apr 16Full year 2023 earnings released: EPS: S$0.003 (vs S$0.001 loss in FY 2022)Full year 2023 results: EPS: S$0.003 (up from S$0.001 loss in FY 2022). Revenue: S$28.4m (up 75% from FY 2022). Net income: S$2.64m (up S$3.20m from FY 2022). Profit margin: 9.3% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.공시 • Apr 13AF Global Limited, Annual General Meeting, Apr 29, 2024AF Global Limited, Annual General Meeting, Apr 29, 2024, at 10:00 China Standard Time. Location: Aspial One, 55 Ubi Avenue 3 Level 1 Singapore Agenda: To receive and adopt the Audited Financial Statements of the Company for the financial year ended 31 December 2023, the Directors' statement and the external Auditor's report thereon; to consider directorate reelections; to re-appoint Ernst & Young LLP as the external Auditors of the Company and to authorize the Directors of the Company to fix their remuneration; to approve the authority to allot and issue new Shares and/or Instruments; to approve the renewal of the Share Purchase Mandate; to grant the Directors the authority to issue shares under the AF Global Limited Scrip Dividend Scheme; and to consider other matters.Reported Earnings • Feb 24Full year 2023 earnings released: EPS: S$0.003 (vs S$0.001 loss in FY 2022)Full year 2023 results: EPS: S$0.003 (up from S$0.001 loss in FY 2022). Revenue: S$28.4m (up 75% from FY 2022). Net income: S$2.64m (up S$3.20m from FY 2022). Profit margin: 9.3% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.공시 • Jan 31AF Global Limited Appoints Pan Pei Say as Non-Executive and Independent Director, Chairman of the Nominating Committee and A Member of the Audit CommitteeAF Global Limited announced the appointment of Pan Pei Say as Non-Executive and Independent Director, Chairman of the Nominating Committee and A Member of the Audit Committee. Working Experience 1989 to 2017 Sing Investments & Finance Ltd. Senior Vice President, Credit Marketing. Professional Qualifications Diploma in Banking and Finance, the Institute of Banking and Finance Singapore. Reason for director to not undergo training Global Dragon Limited - Independent Director, Chairman of the Remuneration Committee and a member of the Audit Committee and Nominating Committee. CHANGES IN THE COMPOSITIONS OF THE BOARD AND BOARD COMMITTEES Following the foregoing changes, the new composition of the Board and the Board Committees of the Company with effect from 1 February 2024 will be as follows:- Board of Directors Mr. Chay Yue Kai (Executive Director and Chief Executive Officer), Mr. Koh Wee Seng (Non-Executive and Non-Independent Director), Mr. Periakaruppan Aravindan (Non-Executive and Non-Independent Director), Mr. Yeo Kan Kiang Roy (Lead Independent Director), Mr. Yeo Wee Kiong (Independent Director), Ms Pan Pei Say (Independent Director), Audit Committee Mr. Yeo Kan Kiang Roy (Chairman), Mr. Yeo Wee Kiong, Ms Pan Pei Say, Mr. Periakaruppan Aravindan, Nominating Committee, Ms Pan Pei Say (Chairman), Mr. Yeo Kan Kiang Roy, Mr. Koh Wee Seng, Remuneration Committee Mr. Yeo Wee Kiong (Chairman), Mr. Yeo Kan Kiang Roy, Mr. Periakaruppan Aravindan. Working Experience: 1989 to 2017 Sing Investments & Finance Ltd. Senior Vice President, Credit Marketing.분석 기사 • Nov 02Return Trends At AF Global (SGX:L38) Aren't AppealingIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Reported Earnings • Aug 14First half 2023 earnings released: EPS: S$0.001 (vs S$0.001 loss in 1H 2022)First half 2023 results: EPS: S$0.001 (up from S$0.001 loss in 1H 2022). Revenue: S$14.4m (up 142% from 1H 2022). Net income: S$948.0k (up S$2.26m from 1H 2022). Profit margin: 6.6% (up from net loss in 1H 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 15Full year 2022 earnings released: S$0.001 loss per share (vs S$0.006 loss in FY 2021)Full year 2022 results: S$0.001 loss per share (improved from S$0.006 loss in FY 2021). Revenue: S$16.2m (up 202% from FY 2021). Net loss: S$553.0k (loss narrowed 91% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings.Reported Earnings • Feb 23Full year 2022 earnings released: EPS: S$0 (vs S$0.006 loss in FY 2021)Full year 2022 results: EPS: S$0 (improved from S$0.006 loss in FY 2021). Revenue: S$16.2m (up 202% from FY 2021). Net loss: S$553.0k (loss narrowed 91% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.공시 • Feb 14AF Global Limited Provides Earnings Guidance for the Full Year Ended 31 December 2022The Board of Directors (the "Board") of AF Global Limited (the "Company", together with its subsidiaries, the "Group") announced that following a preliminary review of the unaudited financial results, the Group is expected to report a loss for the full year ended 31 December 2022. The expected loss was mainly due to the adverse impact of the global pandemic and economic uncertainties on the Group's hospitality business. Nevertheless, the Group's hospitality business had improved during the year with the gradual re-opening of countries worldwide as the global pandemic was brought under control simultaneously. Hence, the expected loss of the Group for the financial year ended 31 December 2022 would be significantly lower than the reported loss for the last financial year. Further details of the Group's financial performance will be disclosed when the Company announces its full year results.Board Change • Nov 17Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent & Non-Executive Director Tuen Suan Ong was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.분석 기사 • Oct 17Health Check: How Prudently Does AF Global (SGX:L38) Use Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • Aug 07First half 2022 earnings releasedFirst half 2022 results: Net income: (up S$3.78m from 1H 2021). Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 13% per year.공시 • Jul 23AF Global Limited Provides Earnings Guidance for the Half Year Ended June 30, 2022AF Global Limited provided earnings guidance for the half year ended June 30, 2022. The Board of Directors announced that following a preliminary review of the unaudited financial results, the Group is expected to report a loss for the half year ended 30 June 2022. The expected loss was mainly due to the Group's hospitality business which was adversely impacted by the global pandemic and economic crisis caused by the ongoing coronavirus disease (COVID-19).분석 기사 • May 31Is AF Global (SGX:L38) Weighed On By Its Debt Load?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent & Non-Executive Director Tuen Suan Ong was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 16Full year 2021 earnings released: S$0.005 loss per share (vs S$0.005 loss in FY 2020)Full year 2021 results: S$0.005 loss per share (vs S$0.005 loss in FY 2020). Net loss: S$5.83m (loss widened 20% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.공시 • Apr 14AF Global Limited, Annual General Meeting, Apr 28, 2022AF Global Limited, Annual General Meeting, Apr 28, 2022, at 10:00 Singapore Standard Time. Location: 1 Harbourfront Avenue, #14-07 Keppel Bay Tower Sigapore Singapore Agenda: To receive and adopt the Audited Financial Statements of the Company for the financial year ended 31 December 2021, the Directors' statement and the external Auditor's report thereon; to approve the payment of Directors' fees of S$217,000 for the financial year ended 31 December 2021 (FY2020: SGD 192,589); to re-elect the following Directors of the Company, each of whom will retire by rotation pursuant to Regulation 89 of the Constitution of the Company and Rule 720(5) of the Listing Manual of the Singapore Exchange Securities Trading Limited ("SGX-ST") and who, being eligible, offer themselves for re-election as Mr. Periakaruppan Aravindan and Mr. Ong Tuen Suan; to re-appoint Messrs Ernst & Young LLP as the external Auditors of the Company and to authorise the Directors of the Company to fix their remuneration; and to consider other matters.Reported Earnings • Feb 23Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: S$0.005 loss per share (vs S$0.005 loss in FY 2020). Net loss: S$5.83m (loss widened 20% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.공시 • Feb 01AF Global Limited Provides Earnings Guidance for the Full Year Ended December 31, 2021The Board of Directors of AF Global Limited announced that following a preliminary review of the unaudited financial results, the Group is expected to report a loss for the full year ended 31 December 2021. The expected loss was mainly due to the Group's hospitality business which was adversely impacted by the global pandemic and economic crisis caused by the ongoing coronavirus disease (COVID-19).Reported Earnings • Aug 09First half 2021 earnings released: S$0.004 loss per share (vs S$0.001 loss in 1H 2020)First half 2021 results: Net loss: S$3.78m (loss widened 235% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.Reported Earnings • Apr 19Full year 2020 earnings released: S$0.005 loss per share (vs S$0.002 loss in FY 2019)Full year 2020 results: Net loss: S$4.88m (loss widened 187% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.분석 기사 • Apr 09Health Check: How Prudently Does AF Global (SGX:L38) Use Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • Feb 23Full year 2020 earnings releasedFull year 2020 results: Net loss: S$4.88m (loss widened 187% from FY 2019).분석 기사 • Feb 15What Type Of Returns Would AF Global's (SGX:L38) Shareholders Have Received Over The Course Of The Last Three Years?Many investors define successful investing as beating the market average over the long term. But its virtually certain...분석 기사 • Dec 24Calculating The Intrinsic Value Of AF Global Limited (SGX:L38)In this article we are going to estimate the intrinsic value of AF Global Limited ( SGX:L38 ) by taking the expected...매출 및 비용 세부 내역AF Global가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이SGX:L38 매출, 비용 및 순이익 (SGD Millions)날짜매출순이익일반관리비연구개발비30 Jun 253119031 Mar 2531-19031 Dec 2431-39030 Sep 2431-29030 Jun 2430-18031 Mar 242918031 Dec 232838030 Sep 232727030 Jun 232527031 Mar 232016031 Dec 2216-16030 Sep 2213-25030 Jun 229-35031 Mar 227-55031 Dec 215-65030 Sep 215-76030 Jun 215-86031 Mar 218-67031 Dec 2011-58030 Sep 2017-39030 Jun 2021-29031 Mar 2023-29031 Dec 1928-210030 Sep 1928-510030 Jun 1930-510031 Mar 1931-310031 Dec 1834-110030 Sep 182127030 Jun 182858031 Mar 183359031 Dec 1736610030 Sep 1755514030 Jun 1755413031 Mar 1754513031 Dec 1654513030 Sep 16551315030 Jun 16551116031 Mar 1655816031 Dec 1554320030 Jun 15534220양질의 수익: L38는 SGD3.0M 규모의 큰 일회성 이익이 있어 30th June, 2025까지 지난 12개월 재무 결과에 영향을 미쳤습니다.이익 마진 증가: L38는 과거에 흑자전환했습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: L38는 지난 5년 동안 흑자전환하며 연평균 44.2%의 수익 성장을 기록했습니다.성장 가속화: L38는 지난해 흑자전환하여 5년 평균과 수익 성장률을 비교하기 어렵습니다.수익 대 산업: L38는 지난해 흑자전환하여 지난 해 수익 성장률을 Hospitality 업계(-7.9%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: L38의 자본 수익률(2.4%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YConsumer-services 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/04/24 10:23종가2026/04/02 00:00수익2025/06/30연간 수익2024/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스AF Global Limited는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Wilson LiewMaybank Research Pte. Ltd.
Reported Earnings • Aug 13First half 2025 earnings released: EPS: S$0.001 (vs S$0.002 loss in 1H 2024)First half 2025 results: EPS: S$0.001 (up from S$0.002 loss in 1H 2024). Revenue: S$15.8m (down 1.6% from 1H 2024). Net income: S$1.44m (up S$4.04m from 1H 2024). Profit margin: 9.1% (up from net loss in 1H 2024). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 12Full year 2024 earnings released: S$0.003 loss per share (vs S$0.003 profit in FY 2023)Full year 2024 results: S$0.003 loss per share (down from S$0.003 profit in FY 2023). Revenue: S$31.4m (up 11% from FY 2023). Net loss: S$2.65m (down 200% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 25Full year 2024 earnings released: S$0.002 loss per share (vs S$0.003 profit in FY 2023)Full year 2024 results: S$0.002 loss per share (down from S$0.003 profit in FY 2023). Revenue: S$31.4m (up 11% from FY 2023). Net loss: S$2.65m (down 200% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 12First half 2024 earnings released: S$0.002 loss per share (vs S$0.001 profit in 1H 2023)First half 2024 results: S$0.002 loss per share (down from S$0.001 profit in 1H 2023). Revenue: S$16.0m (up 12% from 1H 2023). Net loss: S$2.60m (down 374% from profit in 1H 2023). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
공시 • Jul 31AF Global Limited to Report First Half, 2024 Results on Aug 05, 2024AF Global Limited announced that they will report first half, 2024 results on Aug 05, 2024
분석 기사 • Apr 18There May Be Underlying Issues With The Quality Of AF Global's (SGX:L38) EarningsAF Global Limited's ( SGX:L38 ) robust earnings report didn't manage to move the market for its stock. We did some...
공시 • Apr 16Aspial Corporation Limited (SGX:A30) and Koh Wee Meng completed the acquisition of remaining 20.16% stake in AF Global Limited (SGX:L38).Aspial Corporation Limited (SGX:A30) and Koh Wee Meng entered into an implementation agreement to acquire remaining 20.16% stake in AF Global Limited (SGX:L38) for SGD 23.4 million on October 8, 2025. A cash consideration valued at SGD 0.11 per share will be paid by Aspial Corporation Limited. As at the Joint Announcement Date, Aspial has a direct interest in 440,691,785 Shares, representing 41.75% stake and KWM has a direct interest in 326,265,000 Shares, representing 30.91% stake in AF Global. Based on information available to the Offeror as at the Joint Announcement Date, 75,855,637 Shares representing approximately 7.19% of the total number of Shares are held by persons who are deemed to be “interested persons” (as defined in the listing manual of the SGX-ST) of Aspial. The Related Shareholders are presumed to be concert parties of the Offeror under the Code and will abstain from voting on the Scheme in accordance with the requirements of the Securities Industry Council’s. DBS, as the sole financial adviser to the Offeror, confirms that sufficient financial resources are available to the Offeror to satisfy in full the aggregate Scheme Consideration payable by the Offeror for all the Scheme Shares to be acquired by the Offeror pursuant to the Scheme. The transaction is subject to approval of the Scheme by a majority in number of the Scheme Shareholders representing three-fourths in value of the Scheme Shares held by Scheme Shareholders present and voting either in person or by proxy at the Scheme Meeting, The Offeror and its concert parties, and the common substantial shareholders of the Offeror and the Company will abstain from voting on the Scheme, Court sanction for convening the Scheme Meeting; and (ii) the approval of the Scheme (if approved at the Scheme Meeting). The transaction is expected to complete in first quarter of 2026. As of January 15, 2026, the court has granted approval for the transaction. As of January 15, 2026, AF Global board announced that it has dispatched scheme document to shareholders. Shareholders meeting will be held on February 5, 2026. As of February 4, 2026, AF Global Limited announced the postpone of shareholders meeting from February 5, 2026, to March 10, 2026. As of February 12, 2026, AF Global Limited announced that SGX-ST informed that it has no objection to AF Global Waiver Application. On March 10, 2026, the shareholders of AF Global Limited has approved the transaction. The transaction is now expected to close on or around April 8, 2026. As per the announcement dated March 27, 2026 the court has sanctioned the Scheme. The transaction is now expected to close on April 14, 2026. DBS Bank Ltd. acted as financial advisor for Aspial Corporation and Koh Wee Meng. Xandar Capital Pte. Ltd. acted as financial advisor for AF Global Limited. Evolve Capital Asia acted as financial advisor to directors of Aspial. Venture Law LLC acted as legal advisor for AF Global Limited. Aspial Corporation Limited (SGX:A30) and Koh Wee Meng completed the acquisition of remaining 20.16% stake in AF Global Limited (SGX:L38) on April 15, 2026.
New Risk • Feb 24New 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: 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$116.1m market cap, or US$91.6m).
공시 • Oct 08Aspial Corporation Limited (SGX:A30) and Koh Wee Meng entered into an implementation agreement to acquire remaining 20.16% stake in AF Global Limited (SGX:L38) for SGD 23.4 million.Aspial Corporation Limited (SGX:A30) and Koh Wee Meng entered into an implementation agreement to acquire remaining 20.16% stake in AF Global Limited (SGX:L38) for SGD 23.4 million on October 8, 2025. A cash consideration valued at SGD 0.11 per share will be paid by Aspial Corporation Limited. As at the Joint Announcement Date, Aspial has a direct interest in 440,691,785 Shares, representing 41.75% stake and KWM has a direct interest in 326,265,000 Shares, representing 30.91% stake in AF Global. Based on information available to the Offeror as at the Joint Announcement Date, 75,855,637 Shares representing approximately 7.19% of the total number of Shares are held by persons who are deemed to be “interested persons” (as defined in the listing manual of the SGX-ST) of Aspial. The Related Shareholders are presumed to be concert parties of the Offeror under the Code and will abstain from voting on the Scheme in accordance with the requirements of the Securities Industry Council’s. DBS, as the sole financial adviser to the Offeror, confirms that sufficient financial resources are available to the Offeror to satisfy in full the aggregate Scheme Consideration payable by the Offeror for all the Scheme Shares to be acquired by the Offeror pursuant to the Scheme. The transaction is subject to approval of the Scheme by a majority in number of the Scheme Shareholders representing three-fourths in value of the Scheme Shares held by Scheme Shareholders present and voting either in person or by proxy at the Scheme Meeting, The Offeror and its concert parties, and the common substantial shareholders of the Offeror and the Company will abstain from voting on the Scheme, Court sanction for convening the Scheme Meeting; and (ii) the approval of the Scheme (if approved at the Scheme Meeting). The transaction is expected to complete in first quarter of 2026. DBS Bank Ltd. acted as financial advisor for Aspial Corporation and Koh Wee Meng. Xandar Capital Pte. Ltd. acted as financial advisor for AF Global Limited.
분석 기사 • Sep 17Estimating The Fair Value Of AF Global Limited (SGX:L38)Key Insights The projected fair value for AF Global is S$0.10 based on 2 Stage Free Cash Flow to Equity Current share...
Buy Or Sell Opportunity • Sep 11Now 24% undervaluedOver the last 90 days, the stock has risen 17% to S$0.076. The fair value is estimated to be S$0.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Meanwhile, the company has become profitable.
Buy Or Sell Opportunity • Aug 25Now 21% undervaluedOver the last 90 days, the stock has risen 22% to S$0.079. The fair value is estimated to be S$0.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Meanwhile, the company has become profitable.
New Risk • Aug 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 149% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (S$77.1m market cap, or US$60.1m).
Reported Earnings • Aug 13First half 2025 earnings released: EPS: S$0.001 (vs S$0.002 loss in 1H 2024)First half 2025 results: EPS: S$0.001 (up from S$0.002 loss in 1H 2024). Revenue: S$15.8m (down 1.6% from 1H 2024). Net income: S$1.44m (up S$4.04m from 1H 2024). Profit margin: 9.1% (up from net loss in 1H 2024). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
분석 기사 • Jul 22Investors Appear Satisfied With AF Global Limited's (SGX:L38) Prospects As Shares Rocket 27%The AF Global Limited ( SGX:L38 ) share price has done very well over the last month, posting an excellent gain of 27...
분석 기사 • Jun 24Does AF Global (SGX:L38) 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...
New Risk • May 02New 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 10% 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: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (S$81.3m market cap, or US$62.7m).
Reported Earnings • Apr 12Full year 2024 earnings released: S$0.003 loss per share (vs S$0.003 profit in FY 2023)Full year 2024 results: S$0.003 loss per share (down from S$0.003 profit in FY 2023). Revenue: S$31.4m (up 11% from FY 2023). Net loss: S$2.65m (down 200% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
공시 • Apr 11AF Global Limited, Annual General Meeting, Apr 28, 2025AF Global Limited, Annual General Meeting, Apr 28, 2025, at 09:30 Singapore Standard Time. Location: aspial one, 55 ubi avenue 3 level 1, singapore 408864, Singapore
Reported Earnings • Feb 25Full year 2024 earnings released: S$0.002 loss per share (vs S$0.003 profit in FY 2023)Full year 2024 results: S$0.002 loss per share (down from S$0.003 profit in FY 2023). Revenue: S$31.4m (up 11% from FY 2023). Net loss: S$2.65m (down 200% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
New Risk • Feb 22New 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: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (S$75.0m market cap, or US$56.1m).
New Risk • Jan 24New 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 12% 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 Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Market cap is less than US$100m (S$75.0m market cap, or US$55.6m).
분석 기사 • Nov 01Is AF Global (SGX:L38) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Reported Earnings • Aug 12First half 2024 earnings released: S$0.002 loss per share (vs S$0.001 profit in 1H 2023)First half 2024 results: S$0.002 loss per share (down from S$0.001 profit in 1H 2023). Revenue: S$16.0m (up 12% from 1H 2023). Net loss: S$2.60m (down 374% from profit in 1H 2023). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
New Risk • Aug 07New 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 8.9% 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: Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (S$128.8m market cap, or US$97.0m).
공시 • Jul 31AF Global Limited to Report First Half, 2024 Results on Aug 05, 2024AF Global Limited announced that they will report first half, 2024 results on Aug 05, 2024
분석 기사 • Jul 29Market Participants Recognise AF Global Limited's (SGX:L38) Revenues Pushing Shares 27% HigherAF Global Limited ( SGX:L38 ) shares have had a really impressive month, gaining 27% after a shaky period beforehand...
분석 기사 • Apr 18There May Be Underlying Issues With The Quality Of AF Global's (SGX:L38) EarningsAF Global Limited's ( SGX:L38 ) robust earnings report didn't manage to move the market for its stock. We did some...
Reported Earnings • Apr 16Full year 2023 earnings released: EPS: S$0.003 (vs S$0.001 loss in FY 2022)Full year 2023 results: EPS: S$0.003 (up from S$0.001 loss in FY 2022). Revenue: S$28.4m (up 75% from FY 2022). Net income: S$2.64m (up S$3.20m from FY 2022). Profit margin: 9.3% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
공시 • Apr 13AF Global Limited, Annual General Meeting, Apr 29, 2024AF Global Limited, Annual General Meeting, Apr 29, 2024, at 10:00 China Standard Time. Location: Aspial One, 55 Ubi Avenue 3 Level 1 Singapore Agenda: To receive and adopt the Audited Financial Statements of the Company for the financial year ended 31 December 2023, the Directors' statement and the external Auditor's report thereon; to consider directorate reelections; to re-appoint Ernst & Young LLP as the external Auditors of the Company and to authorize the Directors of the Company to fix their remuneration; to approve the authority to allot and issue new Shares and/or Instruments; to approve the renewal of the Share Purchase Mandate; to grant the Directors the authority to issue shares under the AF Global Limited Scrip Dividend Scheme; and to consider other matters.
Reported Earnings • Feb 24Full year 2023 earnings released: EPS: S$0.003 (vs S$0.001 loss in FY 2022)Full year 2023 results: EPS: S$0.003 (up from S$0.001 loss in FY 2022). Revenue: S$28.4m (up 75% from FY 2022). Net income: S$2.64m (up S$3.20m from FY 2022). Profit margin: 9.3% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
공시 • Jan 31AF Global Limited Appoints Pan Pei Say as Non-Executive and Independent Director, Chairman of the Nominating Committee and A Member of the Audit CommitteeAF Global Limited announced the appointment of Pan Pei Say as Non-Executive and Independent Director, Chairman of the Nominating Committee and A Member of the Audit Committee. Working Experience 1989 to 2017 Sing Investments & Finance Ltd. Senior Vice President, Credit Marketing. Professional Qualifications Diploma in Banking and Finance, the Institute of Banking and Finance Singapore. Reason for director to not undergo training Global Dragon Limited - Independent Director, Chairman of the Remuneration Committee and a member of the Audit Committee and Nominating Committee. CHANGES IN THE COMPOSITIONS OF THE BOARD AND BOARD COMMITTEES Following the foregoing changes, the new composition of the Board and the Board Committees of the Company with effect from 1 February 2024 will be as follows:- Board of Directors Mr. Chay Yue Kai (Executive Director and Chief Executive Officer), Mr. Koh Wee Seng (Non-Executive and Non-Independent Director), Mr. Periakaruppan Aravindan (Non-Executive and Non-Independent Director), Mr. Yeo Kan Kiang Roy (Lead Independent Director), Mr. Yeo Wee Kiong (Independent Director), Ms Pan Pei Say (Independent Director), Audit Committee Mr. Yeo Kan Kiang Roy (Chairman), Mr. Yeo Wee Kiong, Ms Pan Pei Say, Mr. Periakaruppan Aravindan, Nominating Committee, Ms Pan Pei Say (Chairman), Mr. Yeo Kan Kiang Roy, Mr. Koh Wee Seng, Remuneration Committee Mr. Yeo Wee Kiong (Chairman), Mr. Yeo Kan Kiang Roy, Mr. Periakaruppan Aravindan. Working Experience: 1989 to 2017 Sing Investments & Finance Ltd. Senior Vice President, Credit Marketing.
분석 기사 • Nov 02Return Trends At AF Global (SGX:L38) Aren't AppealingIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Reported Earnings • Aug 14First half 2023 earnings released: EPS: S$0.001 (vs S$0.001 loss in 1H 2022)First half 2023 results: EPS: S$0.001 (up from S$0.001 loss in 1H 2022). Revenue: S$14.4m (up 142% from 1H 2022). Net income: S$948.0k (up S$2.26m from 1H 2022). Profit margin: 6.6% (up from net loss in 1H 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 15Full year 2022 earnings released: S$0.001 loss per share (vs S$0.006 loss in FY 2021)Full year 2022 results: S$0.001 loss per share (improved from S$0.006 loss in FY 2021). Revenue: S$16.2m (up 202% from FY 2021). Net loss: S$553.0k (loss narrowed 91% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Feb 23Full year 2022 earnings released: EPS: S$0 (vs S$0.006 loss in FY 2021)Full year 2022 results: EPS: S$0 (improved from S$0.006 loss in FY 2021). Revenue: S$16.2m (up 202% from FY 2021). Net loss: S$553.0k (loss narrowed 91% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.
공시 • Feb 14AF Global Limited Provides Earnings Guidance for the Full Year Ended 31 December 2022The Board of Directors (the "Board") of AF Global Limited (the "Company", together with its subsidiaries, the "Group") announced that following a preliminary review of the unaudited financial results, the Group is expected to report a loss for the full year ended 31 December 2022. The expected loss was mainly due to the adverse impact of the global pandemic and economic uncertainties on the Group's hospitality business. Nevertheless, the Group's hospitality business had improved during the year with the gradual re-opening of countries worldwide as the global pandemic was brought under control simultaneously. Hence, the expected loss of the Group for the financial year ended 31 December 2022 would be significantly lower than the reported loss for the last financial year. Further details of the Group's financial performance will be disclosed when the Company announces its full year results.
Board Change • Nov 17Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent & Non-Executive Director Tuen Suan Ong was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
분석 기사 • Oct 17Health Check: How Prudently Does AF Global (SGX:L38) Use Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • Aug 07First half 2022 earnings releasedFirst half 2022 results: Net income: (up S$3.78m from 1H 2021). Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 13% per year.
공시 • Jul 23AF Global Limited Provides Earnings Guidance for the Half Year Ended June 30, 2022AF Global Limited provided earnings guidance for the half year ended June 30, 2022. The Board of Directors announced that following a preliminary review of the unaudited financial results, the Group is expected to report a loss for the half year ended 30 June 2022. The expected loss was mainly due to the Group's hospitality business which was adversely impacted by the global pandemic and economic crisis caused by the ongoing coronavirus disease (COVID-19).
분석 기사 • May 31Is AF Global (SGX:L38) Weighed On By Its Debt Load?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent & Non-Executive Director Tuen Suan Ong was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 16Full year 2021 earnings released: S$0.005 loss per share (vs S$0.005 loss in FY 2020)Full year 2021 results: S$0.005 loss per share (vs S$0.005 loss in FY 2020). Net loss: S$5.83m (loss widened 20% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
공시 • Apr 14AF Global Limited, Annual General Meeting, Apr 28, 2022AF Global Limited, Annual General Meeting, Apr 28, 2022, at 10:00 Singapore Standard Time. Location: 1 Harbourfront Avenue, #14-07 Keppel Bay Tower Sigapore Singapore Agenda: To receive and adopt the Audited Financial Statements of the Company for the financial year ended 31 December 2021, the Directors' statement and the external Auditor's report thereon; to approve the payment of Directors' fees of S$217,000 for the financial year ended 31 December 2021 (FY2020: SGD 192,589); to re-elect the following Directors of the Company, each of whom will retire by rotation pursuant to Regulation 89 of the Constitution of the Company and Rule 720(5) of the Listing Manual of the Singapore Exchange Securities Trading Limited ("SGX-ST") and who, being eligible, offer themselves for re-election as Mr. Periakaruppan Aravindan and Mr. Ong Tuen Suan; to re-appoint Messrs Ernst & Young LLP as the external Auditors of the Company and to authorise the Directors of the Company to fix their remuneration; and to consider other matters.
Reported Earnings • Feb 23Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: S$0.005 loss per share (vs S$0.005 loss in FY 2020). Net loss: S$5.83m (loss widened 20% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
공시 • Feb 01AF Global Limited Provides Earnings Guidance for the Full Year Ended December 31, 2021The Board of Directors of AF Global Limited announced that following a preliminary review of the unaudited financial results, the Group is expected to report a loss for the full year ended 31 December 2021. The expected loss was mainly due to the Group's hospitality business which was adversely impacted by the global pandemic and economic crisis caused by the ongoing coronavirus disease (COVID-19).
Reported Earnings • Aug 09First half 2021 earnings released: S$0.004 loss per share (vs S$0.001 loss in 1H 2020)First half 2021 results: Net loss: S$3.78m (loss widened 235% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.
Reported Earnings • Apr 19Full year 2020 earnings released: S$0.005 loss per share (vs S$0.002 loss in FY 2019)Full year 2020 results: Net loss: S$4.88m (loss widened 187% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.
분석 기사 • Apr 09Health Check: How Prudently Does AF Global (SGX:L38) Use Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • Feb 23Full year 2020 earnings releasedFull year 2020 results: Net loss: S$4.88m (loss widened 187% from FY 2019).
분석 기사 • Feb 15What Type Of Returns Would AF Global's (SGX:L38) Shareholders Have Received Over The Course Of The Last Three Years?Many investors define successful investing as beating the market average over the long term. But its virtually certain...
분석 기사 • Dec 24Calculating The Intrinsic Value Of AF Global Limited (SGX:L38)In this article we are going to estimate the intrinsic value of AF Global Limited ( SGX:L38 ) by taking the expected...