Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to US$2.52, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 20x in the Professional Services industry in the US. New Risk • Mar 25
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). High level of non-cash earnings (133% accrual ratio). Minor Risks Revenue is less than US$5m (US$3.2m revenue). Market cap is less than US$100m (US$16.3m market cap). Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to US$1.38, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 19x in the Professional Services industry in the US. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$2.10, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 20x in the Professional Services industry in the US. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to US$2.15, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 23x in the Professional Services industry in the US. Reported Earnings • Jan 21
Full year 2025 earnings released: EPS: US$0.099 (vs US$0.079 in FY 2024) Full year 2025 results: EPS: US$0.099 (up from US$0.079 in FY 2024). Revenue: US$3.16m (up 56% from FY 2024). Net income: US$1.00m (up 25% from FY 2024). Profit margin: 32% (down from 39% in FY 2024). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to US$2.54, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 25x in the Professional Services industry in the US. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$2.35, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 25x in the Professional Services industry in the US. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to US$2.04, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 24x in the Professional Services industry in the US. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$2.48, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 25x in the Professional Services industry in the US. Board Change • Oct 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Co-founder, COO & Director Weng Seng Sou is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$3.35, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 26x in the Professional Services industry in the US. Reported Earnings • Sep 12
First half 2025 earnings released: EPS: US$0.078 (vs US$0.016 loss in 1H 2024) First half 2025 results: EPS: US$0.078 (up from US$0.016 loss in 1H 2024). Revenue: US$1.93m (up 477% from 1H 2024). Net income: US$789.4k (up US$947.2k from 1H 2024). Profit margin: 41% (up from net loss in 1H 2024). The move to profitability was driven by higher revenue.