Reported Earnings • Aug 13
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down US$12.0m from profit in 1H 2021). Profit margin: (down from 1.6% in 1H 2021). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Non Independent Executive Director Tonny Phuay was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 21
Upcoming dividend of S$0.088 per share Eligible shareholders must have bought the stock before 28 April 2022. Payment date: 13 May 2022. Payout ratio is a comfortable 15% and the cash payout ratio is 95%. Trailing yield: 4.5%. Lower than top quartile of Singaporean dividend payers (5.8%). In line with average of industry peers (4.7%). 공시 • Apr 14
WT Semiconductor Pte. Ltd. entered into a definitive agreement to acquire Excelpoint Technology Ltd. (SGX:BDF) for approximately SGD 230 million. WT Semiconductor Pte. Ltd. entered into a definitive agreement to acquire Excelpoint Technology Ltd. (SGX:BDF) for approximately SGD 230 million. In consideration, each of the Excelpoint Technology Shareholders as at the record date will be entitled to receive for each Excelpoint Technology Share at SGD 1.93 in cash. The founder and Chief Executive Officer of Excelpoint, Albert Phuay, will reinvest part of the cash consideration due to him under the Scheme in 20% equity of the WT Semiconductor Pte. Ltd., with the balance 80% stake owned by WT. Albert Phuay will continue to be the Chief Executive Officer of Excelpoint. The transaction is subject to approvals of Excelpoint shareholders, approval from third parties, approval from the Taiwan Investment Commission, Ministry of Economic Affairs and relevant regulatory authorities as well as the sanction of the Scheme by the Singapore High Court. The transaction is expected to close in mid September 2022. DBS Bank Ltd. acted as financial advisor for WT Semiconductor Pte. Ltd. 공시 • Feb 18
Excelpoint Technology Ltd. to Report Fiscal Year 2021 Results on Feb 16, 2022 Excelpoint Technology Ltd. announced that they will report fiscal year 2021 results on Feb 16, 2022 Reported Earnings • Feb 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$0.20 (up from US$0.086 in FY 2020). Revenue: US$1.60b (up 44% from FY 2020). Net income: US$24.5m (up 137% from FY 2020). Profit margin: 1.5% (up from 0.9% 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 increased by 63% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 09
First half 2021 earnings released: EPS US$0.10 (vs US$0.017 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: US$740.9m (up 45% from 1H 2020). Net income: US$12.0m (up 484% from 1H 2020). Profit margin: 1.6% (up from 0.4% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improved over the past week After last week's 40% share price gain to US$1.16, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 11x in the Electronic industry in Singapore. Total returns to shareholders of 97% over the past three years. Executive Departure • Aug 04
Executive Director Fei Kwok has left the company On the 30th of July, Fei Kwok's tenure as Executive Director ended. As of March 2021, Fei still personally held 830.40k shares (S$556k worth at the time). Fei is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 7.58 years. Upcoming Dividend • Apr 21
Upcoming dividend of S$0.045 per share Eligible shareholders must have bought the stock before 28 April 2021. Payment date: 20 May 2021. Trailing yield: 4.2%. Lower than top quartile of Singaporean dividend payers (4.6%). Higher than average of industry peers (3.6%). 공시 • Apr 10
Excelpoint Technology Ltd. Approves Special Tax Exempt One-Tier Dividend for the Financial Year Ended December 31, 2020, Payable on May 20, 2021 Excelpoint Technology Ltd. at its annual general meeting held on April 7, 2021, approved a special tax exempt one-tier dividend of 1.5 Singapore cents per ordinary share for the financial year ended December 31, 2020, will be paid on May 20, 2021. Record date is April 29, 2021. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS US$0.086 (vs US$0.013 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$1.11b (up 14% from FY 2019). Net income: US$10.3m (up US$8.74m from FY 2019). Profit margin: 0.9% (up from 0.2% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 01
New 90-day high: S$0.64 The company is up 33% from its price of S$0.48 on 27 November 2020. The Singaporean market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 5.0% over the same period. Is New 90 Day High Low • Feb 09
New 90-day high: S$0.60 The company is up 39% from its price of S$0.43 on 11 November 2020. The Singaporean market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 10.0% over the same period. Reported Earnings • Feb 09
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$1.11b (up 14% from FY 2019). Net income: US$10.3m (up US$8.74m from FY 2019). Profit margin: 0.9% (up from 0.2% in FY 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Jan 12
New 90-day high: S$0.49 The company is up 48% from its price of S$0.34 on 14 October 2020. The Singaporean market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 6.0% over the same period. Is New 90 Day High Low • Dec 14
New 90-day high: S$0.49 The company is up 44% from its price of S$0.34 on 14 September 2020. The Singaporean market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 6.0% over the same period. Is New 90 Day High Low • Nov 04
New 90-day high: S$0.40 The company is up 4.0% from its price of S$0.39 on 06 August 2020. The Singaporean market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 2.0% over the same period.