New Risk • Aug 13
New major risk - Revenue and earnings growth Earnings have declined by 39% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 39% per year over the past 5 years. Minor Risk Market cap is less than US$100m (S$20.0m market cap, or US$15.6m). Reported Earnings • Apr 17
Full year 2025 earnings released: EPS: CN¥0.012 (vs CN¥0.003 in FY 2024) Full year 2025 results: EPS: CN¥0.012 (up from CN¥0.003 in FY 2024). Revenue: CN¥483.6m (up 12% from FY 2024). Net income: CN¥4.89m (up 255% from FY 2024). Profit margin: 1.0% (up from 0.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Aankondiging • Apr 15
Sapphire Corporation Limited, Annual General Meeting, Apr 29, 2026 Sapphire Corporation Limited, Annual General Meeting, Apr 29, 2026, at 10:00 Singapore Standard Time. Location: 135 cecil street, 07-01, singapore 069536, Singapore New Risk • Feb 28
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: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Profit margins are more than 30% lower than last year (0.2% net profit margin). Market cap is less than US$100m (S$20.8m market cap, or US$16.4m). Aankondiging • Jan 02
Sapphire Corporation Limited Announces Cessation of Foo Yong How as Chief Corporate Officer Sapphire Corporation Limited announced the cessation of Mr. Foo Yong How as Chief Corporate Officer. Mr. Foo Yong How was appointed as Chief Corporate Officer with responsibilities to assist the CEO in the day-to-day operations of the Company; assist the CEO in the formulation of strategic planning for the Company in mergers and acquisition, new business opportunities, capital structure of the Company; assist the CEO in all Corporate Finance related activities; assist the CEO in the liaising of overseas business opportunities; and responsible for all matters related to Investor Relations and Corporate Communication. Other DirectorShips Present: Mr. Foo Yong How holds present directorships in HAFARY HOLDINGS LIMITED, CL GLOBAL HOLDINGS PTE. LTD., and FCH HOLDINGS (SINGAPORE) PTE. LTD. Mr. Foo Yong How ("Mr Foo") decided to resign to pursue other career opportunities. Mr. Foo confirms that there are no concerns or disagreements with the Board or management of the Company over matters involving the Company that led to his resignation. The Board places on record its appreciation for Mr. Foo's valuable contributions during his tenure and wishes Mr. Foo every success in his future endeavours. Reported Earnings • Aug 14
First half 2025 earnings released: EPS: CN¥0.003 (vs CN¥0.005 in 1H 2024) First half 2025 results: EPS: CN¥0.003 (down from CN¥0.005 in 1H 2024). Revenue: CN¥202.0m (down 6.4% from 1H 2024). Net income: CN¥1.42m (down 25% from 1H 2024). Profit margin: 0.7% (down from 0.9% in 1H 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. New Risk • May 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 8.7% 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 (8.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (S$17.9m market cap, or US$13.9m). Reported Earnings • Apr 17
Full year 2024 earnings released: EPS: CN¥0.003 (vs CN¥0.028 in FY 2023) Full year 2024 results: EPS: CN¥0.003 (down from CN¥0.028 in FY 2023). Revenue: CN¥432.6m (up CN¥363.4m from FY 2023). Net income: CN¥1.38m (down 88% from FY 2023). Profit margin: 0.3% (down from 17% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Aankondiging • Apr 14
Sapphire Corporation Limited, Annual General Meeting, Apr 29, 2025 Sapphire Corporation Limited, Annual General Meeting, Apr 29, 2025, at 10:00 Singapore Standard Time. Location: 135 cecil street, 07-01, singapore 069536, Singapore Reported Earnings • Mar 02
Full year 2024 earnings released: EPS: CN¥0.003 (vs CN¥0.028 in FY 2023) Full year 2024 results: EPS: CN¥0.003 (down from CN¥0.028 in FY 2023). Revenue: CN¥432.6m (up CN¥363.4m from FY 2023). Net income: CN¥1.04m (down 91% from FY 2023). Profit margin: 0.2% (down from 17% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. New Risk • Aug 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$13.0m (US$9.84m) 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 (20% average weekly change). Market cap is less than US$10m (S$13.0m market cap, or US$9.84m). Aankondiging • Jul 25
Sapphire Corporation Limited Appoints Teh Wing Kwan as Lead Independent Director, Chairman of the Audit and Risk Committee, and Member of Both the Nominating Committee and the Remuneration Committee Sapphire Corporation Limited announced the following changes: Mr. Teh Wing Kwan (Mr. Teh) has been appointed as the lead independent director of the company with effect from 25 July 2024. Mr. Teh has also been appointed as chairman of the audit and risk committee, and member of both the nominating committee and the remuneration committee of the company. It is noted that Mr. Teh was the group chief executive officer and managing director of the company from October 2013 to December 2017. Since then, Mr. Teh has not been associated with the company in any executive capacity, specifically over the past three financial years within the meanings of Rule 210(5)(d)(i) of the Listing Rules. Composition of board committees: Following the appointments and with effect from 25 July 2024, the composition of the board committees of the company shall be reconstituted as follows: Audit and Risk Committee: Mr. Teh Wing Kwan Chairman; Mr. Tay Eng Kiat Jackson Member; Professor Zhang Weiguo Member. Nominating Committee: Mr. Tay Eng Kiat Jackson Chairman; Ms. Wang Heng Member; Mr. Teh Wing Kwan Member; Professor Zhang Weiguo Member. Remuneration Committee: Professor Zhang Weiguo Chairman; Mr. Teh Wing Kwan Member; Mr. Tay Eng Kiat Jackson Member. New Risk • Jun 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$13.5m (US$9.94m) 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 (18% average weekly change). Market cap is less than US$10m (S$13.5m market cap, or US$9.94m). Aankondiging • May 01
Sapphire Corporation Limited Announces Cessation of Oh Eng Bin as Lead Independent Non-Executive Director, Chairman of Nominating Committee, Member of Audit and Risk Committee and Remuneration Committee Sapphire Corporation Limited announced cessation of Oh Eng Bin as Lead Independent Non-Executive Director, Chairman of the Nominating Committee, member of the Audit and Risk Committee and the Remuneration Committee. Other DirectorShips Past: SHS Holdings Ltd. Other DirectorShips Present: Ferrell Financial Group Limited Encapture Pte Ltd. Propinquity Investments Ltd. Omnibridge Investments Pte. Ltd. Omnibridge Investment Partners Pte. Ltd. Omnibridge Capital Pte. Ltd. Reason For Cessation: Mr. Oh Eng Bin did not seek for re-election at the Company's annual general meeting held on 30 April 2024. Accordingly, Mr. Oh retired as a Lead Independent Non-Executive Director of the Company, the Chairman of the Nominating Committee and as a member of the Audit and Risk Committee and Remuneration Committee of the Company at the conclusion of the AGM. Mr. Oh confirms that there are no concerns or disagreements with the Board or management of the Company over matters involving the Company that led to his retirement. Aankondiging • Apr 16
Sapphire Corporation Limited, Annual General Meeting, Apr 30, 2024 Sapphire Corporation Limited, Annual General Meeting, Apr 30, 2024, at 10:00 Singapore Standard Time. Location: LEVEL 5 CECIL BUILDING, 137 CECIL STREET, Singapore Singapore New Risk • Mar 13
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.2% Last year net profit margin: 31% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (22% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (7.2% net profit margin). Market cap is less than US$100m (S$16.3m market cap, or US$12.2m). Buy Or Sell Opportunity • Mar 08
Now 34% overvalued after recent price rise Over the last 90 days, the stock has risen 4.3% to S$0.048. The fair value is estimated to be S$0.036, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 119% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Mar 01
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 Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (S$16.3m market cap, or US$12.1m). Buy Or Sell Opportunity • Feb 13
Now 33% overvalued The stock has been flat over the last 90 days, currently trading at S$0.049. The fair value is estimated to be S$0.037, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 119% over the last 3 years. Meanwhile, the company has become profitable. Aankondiging • Dec 29
Sapphire Corporation Limited Appoints Zhang Chi as Operations Director Sapphire Corporation Limited announced the appointment of Ms. Zhang Chi as Operations Director of the Company. Role And Responsibilities Appointment: Executive, Managerial Position as defined by Mainboard Listing Rules Area of responsibility: Oversee operations of Company's business in China. Develop and implement strategic plans for the Company's operations aligning with the overall organizational goals. Identify and pursue new business opportunities in Singapore and South-East Asia. Working Experience: Jan 2018 - April 2023 Strategic Development Manager, APAC Cambridge Assessment English, University of Cambridge July 2016 - July 2017 China Manager Judge Business Academy April 2014 - May 2015 Manager, Overseas Division Ranken Railway Construction Group Co. Ltd. Jan 2011 - Mar 2014 Senior Teacher Elite English. Aankondiging • Oct 28
Sapphire Corporation Limited Announces Cessation of KWOK CHUNG CHIEH LINCOLN as Group Financial Controller Sapphire Corporation Limited announced the cessation of KWOK CHUNG CHIEH LINCOLN as Group Financial Controller. Role And Responsibilities: Mr. Kwok Chung Chieh Lincoln is responsible for the Group's finance and corporate functions, including financial, taxation, treasury and compliance matters of the Group. Job Title: Group Financial Controller. Other DirectorShips Past: Altria Capital Pte. Ltd. Fund Insights Solutions Pte. Ltd. Other DirectorShips Present: Bizval Corpadv Pte. Ltd. Bizval Properties Pte. Ltd. Reason For Cessation: To pursue other career opportunities. Mr. Kwok Chung Chieh Lincoln confirms that there are no concerns or disagreements with the Board or management of the Company over matters involving the Company that led to his resignation. Reported Earnings • Aug 19
First half 2023 earnings released: EPS: CN¥0.015 (vs CN¥0.023 in 1H 2022) First half 2023 results: EPS: CN¥0.015 (down from CN¥0.023 in 1H 2022). Revenue: CN¥44.6m (down 22% from 1H 2022). Net income: CN¥6.26m (down 32% from 1H 2022). Profit margin: 14% (down from 16% in 1H 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Aankondiging • Aug 16
Sapphire Corporation Limited to Report First Half, 2023 Results on Aug 14, 2023 Sapphire Corporation Limited announced that they will report first half, 2023 results on Aug 14, 2023 Reported Earnings • Jul 19
Full year 2022 earnings released: EPS: CN¥0.062 (vs CN¥0.072 in FY 2021) Full year 2022 results: EPS: CN¥0.062 (down from CN¥0.072 in FY 2021). Revenue: CN¥114.1m (flat on FY 2021). Net income: CN¥25.2m (down 14% from FY 2021). Profit margin: 22% (down from 26% in FY 2021). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Aankondiging • Jul 17
Sapphire Corporation Limited, Annual General Meeting, Jul 31, 2023 Sapphire Corporation Limited, Annual General Meeting, Jul 31, 2023, at 10:00 Singapore Standard Time. Location: Esplanade 1 Level 3 Esplanade Boardroom of Singapore Recreation Club, B Connaught Drive Singapore Singapore Agenda: To receive and adopt the Directors' Statement and Audited Financial Statements of the Company for the year ended 31 December 2022 together with the Reports of the Auditors thereon; to approve the payment of Directors' fees of SGD 195,000 for the financial year ending 31 December 2023 to be paid in cash and/or shares; to re-elect Mr. Tay Eng Kiat Jackson who retires pursuant to Regulation 89 of the Company's Constitution and who, being eligible, offer himself for re-election; to re-appoint Foo Kon Tan LLP as Auditors of the Company and to authorise the Directors to fix their remuneration; to transact any other ordinary business which may properly be transacted at an Annual General Meeting; and to consider other matters. Aankondiging • Jul 01
Sapphire Corporation Limited to Report Fiscal Year 2022 Final Results on Jul 14, 2023 Sapphire Corporation Limited announced that they will report fiscal year 2022 final results on Jul 14, 2023 Reported Earnings • Mar 03
Full year 2022 earnings released: EPS: CN¥0.062 (vs CN¥0.072 in FY 2021) Full year 2022 results: EPS: CN¥0.062 (down from CN¥0.072 in FY 2021). Revenue: CN¥114.1m (flat on FY 2021). Net income: CN¥25.2m (down 14% from FY 2021). Profit margin: 22% (down from 26% in FY 2021). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jan 31
Upcoming dividend of S$0.046 per share Eligible shareholders must have bought the stock before 07 February 2023. Payment date: 17 February 2023. The company last paid an ordinary dividend in February 2018. The average dividend yield among industry peers is 4.3%. Aankondiging • Nov 17
Sapphire Corporation Limited Appoints Kwok Chung Chieh Lincoln as Group Financial Controller Sapphire Corporation Limited announced that the Board of Directors, having considered the qualifications and working experience of Mr. Kwok Chung Chieh Lincoln, is of the view that he has the requisite experience and capabilities to assume the responsibilities as Group Financial Controller of the Company. Accordingly, the Board has approved the appointment of Mr. Kwok Chung Chieh Lincoln as Group Financial Controller of the Company. Appointment: Executive Area of responsibility: Mr. Kwok Chung Chieh Lincoln will be responsible for the group's finance and corporate functions, including financial, taxation, treasury and compliance matters of the Group. Working Experience: New Silkroutes Group Limited Finance Director (November 2020 - April 2021) Pipeline Engineering Holdings Limited (now known as Trendzon Holdings Group Limited) (1865.HK) Financial Controller (June 2018 - October 2019) Starland Holdings Limited (now known as Luminor Financial Holdings Limited) Financial Controller (February 2016 - June 2018) Tritech Group Limited Financial Controller (June 2014 - July 2015) BDO LLP Assistant Audit Manager (Dec 2013 - May 2014) Tan & Teh Assistant Audit Manager (Feb 2012 - Oct 2013). Professional Qualifications: Bachelor of Engineering (Hons) in Electrical Engineering, National University of Singapore (1997-2001) Master of Accounting, Curtin University of Technology, Australia (2003-2005) Member of Institute of Singapore Chartered Accountants Fellow Member of Association of Chartered Certified Accountants Member of CPA Australia. Aankondiging • Oct 19
Sapphire Corporation Limited Announces Passing of Chief Financial Officer, Ng Hoi-Gee Kit Sapphire Corporation Limited announced the passing of Mr. Ng Hoi-Gee Kit, the Company's Chief Financial Officer. Mr. Ng passed away peacefully on 16 October 2022. Reported Earnings • Sep 10
First half 2022 earnings released: EPS: CN¥0.023 (vs CN¥0.012 in 1H 2021) First half 2022 results: EPS: CN¥0.023 (up from CN¥0.012 in 1H 2021). Revenue: CN¥56.9m (up 86% from 1H 2021). Net income: CN¥9.23m (up 96% from 1H 2021). Profit margin: 16% (in line with 1H 2021). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Aankondiging • Sep 09
Sapphire Corporation Limited, Annual General Meeting, Sep 28, 2022 Sapphire Corporation Limited, Annual General Meeting, Sep 28, 2022, at 10:00 Singapore Standard Time. Agenda: To receive and adopt the Directors' Statement and Audited Financial Statements of the Company for the year ended 31 December 2021 together with the Reports of the Auditors thereon; to approve the payment of Directors' fees of SGD 192,860 for the financial year ending 31 December 2022 to be paid in cash and/or shares; to consider the re-election of Directors; to re-appoint Foo Kon Tan LLP as Auditors of the Company and to authorise the Directors to fix their remuneration; to transact any other ordinary business which may properly be transacted at an Annual General Meeting; to consider authority to allot and issue shares in the capital of the Company; and to consider the authority to grant awards and issue shares under the Sapphire Shares Award Scheme. Reported Earnings • Apr 17
First half 2021 earnings released: EPS: CN¥0.012 (vs CN¥0.006 loss in 1H 2020) First half 2021 results: EPS: CN¥0.012 (up from CN¥0.006 loss in 1H 2020). Revenue: CN¥30.5m (up CN¥26.4m from 1H 2020). Net income: CN¥4.71m (up CN¥7.14m from 1H 2020). Profit margin: 15% (up from net loss in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Aankondiging • Apr 14
Sapphire Corporation Limited, Annual General Meeting, Apr 28, 2022 Sapphire Corporation Limited, Annual General Meeting, Apr 28, 2022, at 10:00 Singapore Standard Time. Agenda: To consider, receive and adopt the Directors' Statement and Audited Financial Statements of the company for the financial year ended 31 December 2020 together with the Reports of the Auditors thereon; to approve the payment of additional Directors' fees of SGD 74,750 for the financial year ended 31 December 2020 to be paid in cash and/or shares; to approve the payment of Directors' fees of SGD 162,620 for the financial year ended 31 December 2021 to be paid in cash and/or shares; and to consider other matters. Aankondiging • Mar 03
Sapphire Corporation Limited to Report Fiscal Year 2020 Results on Mar 01, 2021 Sapphire Corporation Limited announced that they will report fiscal year 2020 results on Mar 01, 2021 Reported Earnings • Mar 02
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥1.10b (down 36% from FY 2019). Net income: CN¥38.6m (up 46% from FY 2019). Profit margin: 3.5% (up from 1.5% in FY 2019). The increase in margin was driven by lower expenses. Aankondiging • Jun 21
Sapphire Corporation Limited to Report Fiscal Year 2019 Results on Feb 27, 2020 Sapphire Corporation Limited announced that they will report fiscal year 2019 results on Feb 27, 2020