New Risk • Aug 19
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Significant insider selling over the past 3 months (S$2.6m sold). Market cap is less than US$100m (S$82.1m market cap, or US$64.2m). Aankondiging • May 29
Azure Capital Pte Ltd completed the acquisition of 7.30% stake in Trek 2000 International Ltd (SGX:5AB) from Ron Sim Chye Hock. Azure Capital Pte Ltd entered into agreement to acquire 7.30% stake in Trek 2000 International Ltd (SGX:5AB) from Ron Sim Chye Hock on May 11, 2026. Following the closing of the transaction Ron Sim Chye Hock shareholding will reduced to 2% of Trek 2000 International Ltd.
Azure Capital Pte Ltd completed the acquisition of 7.30% stake in Trek 2000 International Ltd (SGX:5AB) from Ron Sim Chye Hock on May 26, 2026. Aankondiging • Apr 07
Trek 2000 International Ltd, Annual General Meeting, Apr 27, 2026 Trek 2000 International Ltd, Annual General Meeting, Apr 27, 2026, at 09:00 Singapore Standard Time. Location: 30 loyang way, 07-13/14/15 loyang industrial estate, singapore 508769, Singapore Reported Earnings • Feb 28
Full year 2025 earnings released: EPS: US$0.015 (vs US$0.001 in FY 2024) Full year 2025 results: EPS: US$0.015 (up from US$0.001 in FY 2024). Revenue: US$19.6m (down 1.1% from FY 2024). Net income: US$4.61m (up US$4.30m from FY 2024). Profit margin: 24% (up from 1.6% 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 114% 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 • Sep 24
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 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 Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (S$26.8m market cap, or US$20.8m). Reported Earnings • Aug 19
First half 2025 earnings released: EPS: US$0.001 (vs US$0.001 in 1H 2024) First half 2025 results: EPS: US$0.001 (in line with 1H 2024). Revenue: US$9.60m (down 11% from 1H 2024). Net income: US$205.0k (down 13% from 1H 2024). Profit margin: 2.1% (in line with 1H 2024). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 18
Full year 2024 earnings released: EPS: US$0.001 (vs US$0.009 in FY 2023) Full year 2024 results: EPS: US$0.001 (down from US$0.009 in FY 2023). Revenue: US$19.8m (up 18% from FY 2023). Net income: US$311.6k (down 88% from FY 2023). Profit margin: 1.6% (down from 16% in FY 2023). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 15
Trek 2000 International Ltd, Annual General Meeting, Apr 30, 2025 Trek 2000 International Ltd, Annual General Meeting, Apr 30, 2025, at 09:00 Singapore Standard Time. Location: 30 loyang way, 07-13/14/15 loyang industrial estate, singapore 508769, Singapore Reported Earnings • Mar 05
Full year 2024 earnings released: EPS: US$0.001 (vs US$0.009 in FY 2023) Full year 2024 results: EPS: US$0.001 (down from US$0.009 in FY 2023). Revenue: US$19.9m (up 18% from FY 2023). Net income: US$443.0k (down 84% from FY 2023). Profit margin: 2.2% (down from 16% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. 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 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: Major Risk High level of non-cash earnings (164% accrual ratio). 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 (12% average weekly change). Market cap is less than US$100m (S$25.4m market cap, or US$18.8m). New Risk • Sep 06
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 77% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (77% accrual ratio). Minor Risk Market cap is less than US$100m (S$18.5m market cap, or US$14.2m). Aankondiging • Apr 12
Trek 2000 International Ltd, Annual General Meeting, Apr 26, 2024 Trek 2000 International Ltd, Annual General Meeting, Apr 26, 2024, at 09:00 Singapore Standard Time. Location: 30 Loyang Way #07-13/14/15 Loyang Industrial Estate Singapore Singapore Agenda: To receive and adopt the Directors' Statement and Audited Financial Statements of the Company for the financial year ended 31 December 2023 together with the Auditors' Report thereon; to re-elect Mr. Lun Chee Leong, a Director of the Company retiring by rotation pursuant to Regulation 103 of the Company's Constitution; to re-elect Mr. Tan Joon Yong, Wayne as a Director of the Company pursuant to Regulation 103 of the Company's Constitution; to approve the payment of the Directors' fees of S$60,000 for the financial year ended 31 December 2023; to re-appoint Messrs Foo Kon Tan LLP as Auditors of the Company and to authorise the Directors to fix their remuneration; o transact any other ordinary business which may properly be transacted at an AGM. 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 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 Risks Shares are highly illiquid. Earnings have declined by 46% per year over the past 5 years. 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$19.1m market cap, or US$14.2m). Reported Earnings • Aug 15
First half 2023 earnings released: EPS: US$0.001 (vs US$0.02 loss in 1H 2022) First half 2023 results: EPS: US$0.001 (up from US$0.02 loss in 1H 2022). Revenue: US$6.57m (down 11% from 1H 2022). Net income: US$219.0k (up US$6.57m from 1H 2022). Profit margin: 3.3% (up from net loss in 1H 2022). 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. New Risk • Aug 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$13.1m (US$9.75m) 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). Earnings have declined by 59% per year over the past 5 years. Market cap is less than US$10m (S$13.1m market cap, or US$9.75m). Aankondiging • Jun 14
Trek 2000 International Ltd, Annual General Meeting, Jun 28, 2023 Trek 2000 International Ltd, Annual General Meeting, Jun 28, 2023, at 09:00 Singapore Standard Time. Agenda: To consider Directors' Statement and Audited Financial Statements of the Company for the financial year ended 31 December 2022 together with the Auditors' Report thereon; to consider Re-election of Mr. Kwek Swee Heng as a Director of the Company pursuant to Regulation 103 of the Company's Constitution; to consider Re-election of Mr. Lun Chee Leong as a Director of the Company pursuant to Regulation 108 of the Company's Constitution; and to consider other matters. Board Change • May 11
High number of new directors Lead Independent Director Philip Lun was the last director to join the board, commencing their role in 2023. Reported Earnings • Mar 03
Full year 2022 earnings released: US$0.042 loss per share (vs US$0.004 loss in FY 2021) Full year 2022 results: US$0.042 loss per share (further deteriorated from US$0.004 loss in FY 2021). Revenue: US$16.6m (down 56% from FY 2021). Net loss: US$13.3m (loss widened US$12.1m from FY 2021). 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. Reported Earnings • Aug 14
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down US$504.0k from profit in 1H 2021). Profit margin: (down from 2.4% in 1H 2021). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Aankondiging • Apr 08
Trek 2000 International Ltd Launches Re-YTHM Earbuds TREK 2000 INTERNATIONAL LTD. announced the launch of Re-YTHM earbuds, the Group's first line of earbuds. Leveraging on the Group's expertise in the digital industry, the Re-YTHM earbuds seek to provide users with comfortable and optimal listening experience. Recognising that music has become an integral part in the daily lives of consumers especially in the active lifestyle community, Trek has developed its first line of earbuds, Re-YTHM, with features that cater to the active lifestyle of consumers. Drop Alert and Proximity Alert Features: One of the most unique and distinctive features of the Re-YTHM earbuds is its enhanced recovery feature, which ensures users remain well connected to their devices and minimize the risk of loss of their devices. While TWS earphones provide consumers with convenience by removing the fuss of wires, this has also resulted in higher risk of loss of both their mobile devices and earphones. According to the Metropolitan Transit Authority of New York, about 104 of the 5,000 pieces of property recovered between July 2018 and July 2019 were wireless earphones and their charging cases. Currently pending completion of patent registrations, the recovery feature incorporates the Drop Alert and Proximity Alert patents. The Drop Alert feature uses avoice activation notification through the earbuds when users drop one of their earbuds while bright andflickering LED lights will be emitted from the missing earbud to help users locate them easily.In addition, the "Proximity Alert" will notify users through an `out of range' voice notification in the earbuds if the connected mobile devices are separated for a short distance. With a range of up to 30 meters, the visual and audio aid from this enhanced recovery feature will significantly help users prevent the loss of their devices. Enhanced Audio Experience: The Re-YTHM earbuds also have three distinctive modes to promote good user experience: The Active Noise Cancellation mode provides users with enhanced listening experience, reducing unwanted background noise to allow users to immerse themselves in their music playbacks and for clearer calls using mobile phone. With a simple tap on the earbud, users are also afforded the luxury to switch to the Transparency mode which allows users the comfort of enjoying their music while adjusting to their surroundings and tune back into the world. At a weight of just 6 grams, the Re-YTHM earbuds come with an aesthetic design and its lightweight allow the earbuds to fit comfortably in the ears of users. The ear buds have an IPX5 water resistance rating, providing users with the assurance that the earbuds can withstand more difficult and wet terrains during usage. Long Battery Life and Seamless Connectivity: The Re-YTHM earbuds have an impressive battery life of 80 hours of stand-by time, 8 hours of continuous music play time and 9 hours of talk time with a single charge. Battery charging is also made convenient with its compact wireless charging case, requiring only 1.5 hours for a full charge to offer another 28 hours of music playback and 31.5 hours of talk time . With the extensive battery life, users will not need to worry about running out of juice during the day. It is also enhanced with Bluetooth 5.2 Dual Mode, which offers seamless and near-instant pairing capabilities as well as a reliable connection. Reported Earnings • Apr 08
Full year 2021 earnings released: US$0.004 loss per share (vs US$0.004 loss in FY 2020) Full year 2021 results: US$0.004 loss per share (vs US$0.004 loss in FY 2020). Revenue: US$37.3m (up 47% from FY 2020). Net loss: US$1.21m (loss narrowed 4.7% from FY 2020). 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 • Apr 05
Trek 2000 International Ltd, Annual General Meeting, Apr 26, 2022 Trek 2000 International Ltd, Annual General Meeting, Apr 26, 2022, at 09:00 Singapore Standard Time. Agenda: To receive and adopt the Directors' Statement and Audited Financial Statements of the Company for the financial year ended 31 December 2021 together with the Auditors' Report thereon; to re-elect Tan Joon Yong Wayne, a Director of the Company retiring by rotation pursuant to Regulation 103 of the Company's Constitution and Rule 720(5) of the Listing Manual of the Singapore Exchange Securities Trading Limited; to re-elect Kwek Swee Heng, a Director of the Company retiring by rotation pursuant to Regulation 103 of the Company's Constitution; to approve the payment of the Directors' fees of SGD 140,000 for the financial year ended 31 December 2021; to re-appoint Messrs 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 AGM. Aankondiging • Mar 06
Trek 2000 International Ltd Announces Reconstitution of Nominating Committee The Board of Directors of Trek 2000 International Ltd. announced the reconstitution of the Nominating Committee with immediate effect as follows: Mr. Chay Yee Meng (Chairman); Mr. Khor Peng Soon; and Mr. Tan Joon Yong, Wayne. Aankondiging • Feb 18
Trek 2000 International Ltd Announces Change of Company Secretary The Board of Directors of Trek 2000 International Ltd. announced the appointment of Ms. Kiar Lee Noi as the Secretary of the company, in place of Mr. Lau Yan Wai, with immediate effect. Executive Departure • Aug 13
Company Secretary Mei Hua Lim has left the company On the 31st of July, Mei Hua Lim's tenure as Company Secretary ended after 2.9 years in the role. We don't have any record of a personal shareholding under Mei Hua's name. Mei Hua is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 7.42 years. Reported Earnings • May 17
First quarter 2021 earnings released: EPS US$0.11 (vs US$0.003 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: US$8.05m (down 5.6% from 1Q 2020). Net income: US$351.0k (up US$1.47m from 1Q 2020). Profit margin: 4.4% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Aankondiging • Mar 16
Trek 2000 International Ltd to Supply A Full Suite of Iot-Enabled Digital Storage Solutions to Starsway Trek 2000 International Ltd. announced that it has entered into a Sales and Purchase Agreement ("SPA") with Starsway Memory Limited ("Starsway") worth USD 10.0 million to supply IoT memory modules that support applications surrounding the Internet-of-Things ("IoT") for one year. Established in Shenzhen, China in 1998, Starsway is one of the world's leading OEM/ODM manufacturers of storage device solutions including Solid State Drives ("SSD"), Universal Serial Bus ("USB") Flash Drives, Dynamic random-access memory (DRAM) chips and Power Banks. Starsway is also known for its Surface Mount Technology (SMT) and other storage device solutions. Under the SPA, the Group will supply its full range of IoT Memory modules for integration with Secure Digital ("SD"), Mass Storage Device ("MSD"), USB and SSD interfaces. Trek's IoT Memory modules support wide applications. Notably, this includes the wireless, real-time and seamless connectivity of digital storage devices to other WIFI-enabled devices or networks. Aankondiging • Mar 14
Trek 2000 International Ltd Appoints Tan Joon Yong, Wayne as the Deputy Chairman The Board of Directors of Trek 2000 International Ltd. announced the appointment of Mr. Tan Joon Yong, Wayne as the Deputy Chairman of the Company with effect from 12 March 2021. Reported Earnings • Feb 25
Full year 2020 earnings released: US$0.004 loss per share (vs US$0.004 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: US$25.4m (up 1.3% from FY 2019). Net loss: US$1.27m (loss narrowed 6.7% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 89% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Aankondiging • Feb 06
TREK 2000 International Ltd to Supply Fujifilm Asia Pacific Pte Ltd with Range of Portable Storage Products TREK 2000 INTERNATIONAL LTD. announced that it will be supplying Fujifilm Asia Pacific Pte Ltd. its range of portable storage products for use in Fujifilm's extensive range of cameras. Fujifilm's suite of photography-related products includes cameras under the GFX System series and X system series. These cameras will be adopting Trek's range of portable storage products. With storage capacities ranging from 16GB to 128GB, users will also be able to capture more beautiful moments without worrying about the lack of data storage space. Aankondiging • Jan 06
Trek 2000 International Ltd Reconstitutes Board Committees Trek 2000 International Ltd. announced reconstitution of the Board Committees with immediate effect as follows: Audit Committee with Mr. Neo Ban Chuan as Chairman; Mr. Chay Yee Meng and Mr. Kwek Swee Heng as members. Nominating Committee with Mr. Kwek Swee Heng as Chairman; Mr. Khor Peng Soon and Mr. Tan Joon Yong, Wayne as members. Remuneration Committee with Mr. Chay Yee Meng as Chairman; Mr. Khor Peng Soon; and Mr. Kwek Swee Heng as members. Aankondiging • Dec 11
Trek 2000 International Ltd Appoints Neo Ban Chuan as Independent Non-Executive Director Trek 2000 International Ltd. announced that, the board having reviewed the recommendation and assessment by the Nominating Committee of Mr. Neo Ban Chuan's credentials, experience, capabilities and is satisfied that Mr. Neo has the requisite knowledge and experience to contribute effectively to the company and is a suitable candidate to be appointed to the Board as an Independent Non-Executive Director of the company. Mr. Neo Ban Chuan was previously the Head of Restructuring with one of the Big Four accounting firms in Singapore. Appointment Date is December 10, 2020. Reported Earnings • Nov 05
Third quarter 2020 earnings released: US$0.002 loss per share The company reported a soft third quarter result with weaker earnings and control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: US$7.73m (up 1.6% from 3Q 2019). Net loss: US$700.0k (down US$704.0k from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 99% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings. 
