New Risk • Jun 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$12.3m (US$9.53m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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). Market cap is less than US$10m (S$12.3m market cap, or US$9.53m). Aankondiging • Apr 01
Nippecraft Limited, Annual General Meeting, Apr 28, 2026 Nippecraft Limited, Annual General Meeting, Apr 28, 2026, at 10:00 Singapore Standard Time. Location: function room 3-2, level 3, isca house, 60 cecil street, singapore 049709, Singapore Reported Earnings • Mar 03
Full year 2025 earnings released: EPS: US$0.002 (vs US$0.001 in FY 2024) Full year 2025 results: EPS: US$0.002 (up from US$0.001 in FY 2024). Revenue: US$99.8m (down 5.3% from FY 2024). Net income: US$784.0k (up 62% from FY 2024). Profit margin: 0.8% (up from 0.5% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. New Risk • Feb 27
New minor risk - Financial data availability The 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: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). High level of non-cash earnings (27% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (S$16.2m market cap, or US$12.8m). New Risk • Feb 11
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 Singaporean stocks, typically moving 13% 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 (13% average weekly change). High level of non-cash earnings (27% accrual ratio). Minor Risk Market cap is less than US$100m (S$14.1m market cap, or US$11.1m). Aankondiging • Jan 23
Nippecraft Limited to Report Second Half, 2025 Results on Feb 27, 2026 Nippecraft Limited announced that they will report second half, 2025 results on Feb 27, 2026 Aankondiging • Jul 09
Nippecraft Limited to Report First Half, 2025 Results on Aug 11, 2025 Nippecraft Limited announced that they will report first half, 2025 results on Aug 11, 2025 New Risk • Apr 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$12.7m (US$9.62m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (S$12.7m market cap, or US$9.62m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Reported Earnings • Apr 08
Full year 2024 earnings released: EPS: US$0.001 (vs US$0.004 in FY 2023) Full year 2024 results: EPS: US$0.001 (down from US$0.004 in FY 2023). Revenue: US$105.3m (down 5.6% from FY 2023). Net income: US$485.0k (down 64% from FY 2023). Profit margin: 0.5% (down from 1.2% in FY 2023). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year. Aankondiging • Apr 03
Nippecraft Limited, Annual General Meeting, Apr 28, 2025 Nippecraft Limited, Annual General Meeting, Apr 28, 2025, at 10:00 Singapore Standard Time. Location: function room 3-2, level 3, room 3-2, level 3, 60 cecil street, singapore 049709, Singapore Aankondiging • Mar 13
Nippecraft Limited Approves Appointment of Yek Boon Seng as an Independent Non-Executive Director and Re-Constitutes Composition of Board, Effective 15 March 2025 The Board of Nippecraft Limited have considered the Nominating Committee's recommendations, the qualifications and working experience of Mr. Yek Boon Seng, is of the view that he has the requisite experience and capabilities as an Independent Non-Executive Director of the Company. Accordingly, the Board approved the appointment of Mr. Yek as an independent Non-Executive Director of the Company, effective 15 March 2025. Working Experience: July 2024 to Present: CEO of E-Bridge Pre-School Pte Ltd. March 2020 to June 2024: COO of Sunshine Bakeries November 2019 to June 2024: Group Director, Special Projects of Auric Pacific Group Limited May 2019 to October 2019: CEO of Food Junction Management Pte Ltd. November 2001 to April 2019: Senior Director of nTan Corporate Advisory Pte Ltd. Other DirectorShips Past: Directorships: Auric Pacific Food Industries Pte Ltd. Food Culture Pte Ltd. Auricfood Holdco Limited Auric International Food Pte Ltd. Malones Holdings Pte Ltd. AGOP Limited Auric Capital Pte Ltd. Other DirectorShips Present: Directorship: The 23 Fund VCC Committee work: Ang Mo Kio Town Council Nee Soon Town Council. Director Experience Details: Mr. Yek will be attending the requisite training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange within one year from the date of his appointment to the Board. Professional Qualifications: Bachelor of Accountancy, Nanyang Technological University 2. Chartered Accountant, Institute of Singapore Chartered Accountants 3. ASEAN Chartered Professional Accountant - ASEAN CPA. Consequent to the appointment of Mr. Yek, the composition of the Board with effect from 15 March 2025 is reconstituted in the following manner: Board of Directors: Chow Wai San - Non-Executive Chairman and Independent Director - Raja Hayat - Executive Director and Chief Executive Officer - Chan Cheng Fei - Executive Director and Chief Financial Officer - Raymond Lam Kuo Wei - Independent director - Eddie Foo Toon Ee - Independent director and Yek Boon Seng - Independent director. The composition of the Audit Committee, Nominating Committee and Remuneration Committee remains
unchanged. Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: US$0.001 (vs US$0.004 in FY 2023) Full year 2024 results: EPS: US$0.001 (down from US$0.004 in FY 2023). Revenue: US$105.3m (down 5.6% from FY 2023). Net income: US$485.0k (down 64% from FY 2023). Profit margin: 0.5% (down from 1.2% in FY 2023). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 8% per year. New Risk • Feb 24
New minor risk - Financial data availability The 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). Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (S$16.5m market cap, or US$12.4m). New Risk • Feb 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 8.3% 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 (8.3% average weekly change). Market cap is less than US$100m (S$16.5m market cap, or US$12.3m). Aankondiging • Jan 22
Nippecraft Limited to Report Second Half, 2025 Results on Feb 25, 2025 Nippecraft Limited announced that they will report second half, 2025 results on Feb 25, 2025 Reported Earnings • Aug 14
First half 2024 earnings released: US$0.005 loss per share (vs US$0 in 1H 2023) First half 2024 results: US$0.005 loss per share (further deteriorated from US$0 in 1H 2023). Revenue: US$45.9m (down 4.4% from 1H 2023). Net loss: US$1.60m (loss widened US$1.54m from 1H 2023). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Aankondiging • May 01
Nippecraft Limited Announces Board and Committees Changes Nippecraft Limited announced with effect from the conclusion of the 2024 AGM: Mr. Chow Wai San, an Independent Non-Executive Director will be replacing Mr. Khoo Song Koon as Chairman of the Board, Chairman of the Audit Committee (AC), as well as a member of both the Nominating Committee (NC) and the Remuneration Committee (RC). Mr. Eddie Foo Toon Ee, an Independent Non-Executive Director will be appointed as Chairman of the NC and member of the AC and RC. Mr. Raymond Lam Kuo Wei, an Independent Non-Executive Director will be appointed as Chairman of the RC and member of the AC and NC. Consequent to the above changes, the composition of the Board and Board Committees with effect from the conclusion of the 2024 AGM is reconstituted in the following manner: Board of Directors: Chow Wai San, Independent Non-Executive Chairman; Raja Hayat, Executive Director and Chief Executive Officer; Chan Cheng Fei, Executive Director and Chief Financial Officer; Raymond Lam Kuo Wei, Independent Director and Eddie Foo Toon Ee, Independent Director. Audit Committee: Chow Wai San – Chairman, Raymond Lam Kuo Wei – Member and Eddie Foo Toon Ee – Member. Nominating Committee: Eddie Foo Toon Ee – Chairman; Chow Wai San – Member and Raymond Lam Kuo Wei – Member. Remuneration Committee: Raymond Lam Kuo Wei – Chairman; Chow Wai San – Member and Eddie Foo Toon Ee – Member. Reported Earnings • Apr 14
Full year 2023 earnings released: EPS: US$0.004 (vs US$0 in FY 2022) Full year 2023 results: EPS: US$0.004 (up from US$0 in FY 2022). Revenue: US$111.5m (down 14% from FY 2022). Net income: US$1.34m (up US$1.34m from FY 2022). Profit margin: 1.2% (up from 0% in FY 2022). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 09
Nippecraft Limited, Annual General Meeting, Apr 30, 2024 Nippecraft Limited, Annual General Meeting, Apr 30, 2024, at 10:00 Singapore Standard Time. Location: Function Room 3-1, Level 3, ISCA House, 60 Cecil Street, Singapore 049709 Singapore Singapore Agenda: To receive and adopt the Directors' Statement and Audited Financial Statements for the financial year ended 31 December 2023, together with the Auditor's Report thereon; to note the retirement of Mr Khoo Song Koon who is retiring by rotation under regulation 144 of the Company's Constitution, Rules 720(4) and 406(3)(d)(iv) of the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited and will not be seeking re-election as a director of the Company; to re-elect and re-appoint Mr Raja Hayat, retiring under regulation 144 of the Company's Constitution and Rule 720(4) of the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited.; and to consider other matters. New Risk • Mar 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 352% 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 Share price has been volatile over the past 3 months (9.5% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (S$15.1m market cap, or US$11.3m). Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: US$0.004 (vs US$0 in FY 2022) Full year 2023 results: EPS: US$0.004 (up from US$0 in FY 2022). Revenue: US$111.5m (down 14% from FY 2022). Net income: US$1.34m (up US$1.34m from FY 2022). Profit margin: 1.2% (up from 0% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. New Risk • Feb 24
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 Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (S$15.8m market cap, or US$11.8m). Aankondiging • Feb 14
Nippecraft Limited to Report Second Half, 2023 Results on Feb 27, 2024 Nippecraft Limited announced that they will report second half, 2023 results on Feb 27, 2024 New Risk • Feb 07
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 8.6% 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 (27% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (S$16.2m market cap, or US$12.0m). Reported Earnings • Aug 14
First half 2023 earnings released: EPS: US$0 (vs US$0.003 loss in 1H 2022) First half 2023 results: EPS: US$0 (improved from US$0.003 loss in 1H 2022). Revenue: US$48.1m (down 13% from 1H 2022). Net loss: US$60.0k (loss narrowed 94% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 08
Nippecraft Limited to Report First Half, 2023 Results on Aug 08, 2023 Nippecraft Limited announced that they will report first half, 2023 results on Aug 08, 2023 Reported Earnings • Apr 07
Full year 2022 earnings released: EPS: US$0 (vs US$0.001 in FY 2021) Full year 2022 results: EPS: US$0 (down from US$0.001 in FY 2021). Revenue: US$129.7m (down 7.4% from FY 2021). Net income: US$4.0k (down 99% from FY 2021). Profit margin: 0% (down from 0.2% in FY 2021). Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 25
Full year 2022 earnings released: EPS: US$0 (vs US$0.001 in FY 2021) Full year 2022 results: EPS: US$0 (down from US$0.001 in FY 2021). Revenue: US$129.7m (down 7.4% from FY 2021). Net income: US$4.0k (down 99% from FY 2021). Profit margin: 0% (down from 0.2% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 12
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up US$1.20m from 1H 2021). Profit margin: (up from net loss in 1H 2021). 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 55% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 13
Full year 2021 earnings released: EPS: US$0.001 (vs US$0 in FY 2020) Full year 2021 results: EPS: US$0.001 (up from US$0 in FY 2020). Revenue: US$140.1m (down 2.0% from FY 2020). Net income: US$324.0k (up 449% from FY 2020). Profit margin: 0.2% (up from 0% in FY 2020). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 08
Nippecraft Limited, Annual General Meeting, Apr 26, 2022 Nippecraft Limited, Annual General Meeting, Apr 26, 2022, at 10:00 Singapore Standard Time. Agenda: To receive and adopt the Directors' Statement and Audited Financial Statements for the financial year ended 31 December 2021, together with the Auditors' Report thereon; to consider directorate reelections; to re-appoint Crowe Horwath First Trust LLP as auditors of the Company for the financial year ending 31 December 2022 and to authorise the Directors of the Company to fix their remuneration; and to consider other matters. Aankondiging • Mar 01
Nippecraft Limited Announces Redesignation of Mr. Raja Hayat as Interim Chief Executive Officer to Chief Executive Officer Nippecraft Limited announced that Mr. Raja Hayat was appointed as the Interim Chief Executive Officer and Executive Director of the company on 1 January 2021 where he oversaw the Group's business. The Nominating Committee had, after considering his contributions to the Group, his track record, capabilities, skills and working knowledge, recommended Mr. Raja Hayat be appointed as Chief Executive Officer of the Company. Mr. Raja Hayat continues as Executive Director of the Company. The Board approved Raja Hayat's appointment as the Chief Executive Officer of the company. Mr. Raja Hayat has acted as the Interim Chief Executive Officer of the Company from January 2021 till February 2022. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$0.001 (up from US$0 in FY 2020). Revenue: US$140.1m (down 2.0% from FY 2020). Net income: US$324.0k (up 449% from FY 2020). Profit margin: 0.2% (up from 0% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Aankondiging • Dec 05
Nippecraft Deleted from Other OTC Nippecraft Limited's Ordinary Shares have been deleted from other OTC effective from December 3, 2021 due to Inactive Security. Board Change • Sep 13
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Wai San Chow is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 10
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Wai San Chow is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 07
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Wai San Chow is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 06
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Wai San Chow is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 05
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Wai San Chow is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 02
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Wai San Chow is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Wai San Chow is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 31
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Wai San Chow is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Executive Departure • Aug 31
Independent Non-Executive Director Yu Neng Lim has left the company On the 31st of August, Yu Neng Lim's tenure as Independent Non-Executive Director ended after 10.1 years in the role. We don't have any record of a personal shareholding under Yu Neng's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 2.67 years. Executive Departure • Jul 13
Company Secretary Kuo Wei Lam has left the company On the 30th of June, Kuo Wei Lam's tenure as Company Secretary ended after 6.2 years in the role. We don't have any record of a personal shareholding under Kuo Wei's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.67 years. 
