Announcement • May 30
Pacific Century Regional Developments Limited Appoints David John Korunic as Non-Executive Director and Member of Audit Committee, Effective June 1, 2026 The Board of Directors of Pacific Century Regional Developments Limited has reviewed the qualifications and experience of Mr. David John Korunic and following the recommendation of the Nominating Committee, is of the view that based on Mr. Korunic's qualifications and working experience, he will be able to contribute positively to the Company and provide further diversity to the core competencies and skill sets of the Board. The Board has therefore approved the appointment of Mr. Korunic as a Non-Executive Director and member of the Audit Committee of the Company. Job Title: Non-Independent Non-Executive Director, Member of the Audit Committee. Working Experience: Jul 2019 to Present - CEO, FWD Life Insurance Jan 2013 to Jun 2019 - CEO, Krungthai AXA Life Insurance. Other DirectorShips Present: FWD Life Insurance Thailand - Board Member - Investment Committee Member - Risk Committee Member FWD Life Insurance Cambodia - Board Member - Investment Committee Member DQD Consulting Cambodia - Board Member. Professional Qualifications: Bachelor of Commerce - University of Canterbury, New Zealand Chartered Accountant. Appointment date is June 1, 2026. The Audit Committee of the Company will comprise the following Directors with effect from 1 June 2026: Mr. Yeo Wee Kiong (Chairman); Mr. Francis Yuen Tin Fan; Mr. Christopher Fossick; Ms. Charlene Dawes; Ms. Clara Tiong Siew Ee; Mr. David Koruni. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Clara Tiong was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 01
Pacific Century Regional Developments Limited, Annual General Meeting, Apr 16, 2026 Pacific Century Regional Developments Limited, Annual General Meeting, Apr 16, 2026, at 10:00 Singapore Standard Time. Location: raffles town club, dunearn ballroom iii, level 1, 1 plymouth avenue, singapore 297753, Singapore Board Change • Jan 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Clara Tiong was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 02
Upcoming dividend of S$0.011 per share Eligible shareholders must have bought the stock before 09 September 2024. Payment date: 24 September 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 13%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.5%). Announcement • Aug 27
Pacific Century Regional Developments Limited Proposes Tax-Exempt (One-Tier) Interim Dividend for the Financial Year Ending 31 December 2024, Payable on 24 September 2024 The register of members and share transfer books of Pacific Century Regional Developments Limited (Company) will be closed from 5.00 p.m. on 10 September 2024 up to (and including) 11 September 2024 for the purpose of determining shareholders' entitlements to the proposed tax-exempt (one-tier) interim dividend of SGD 0.0112 per ordinary share for the financial year ending 31 December 2024. Shareholders whose securities accounts with The Central Depository (Pte) Limited are credited with ordinary shares of the Company at 5.00 p.m. on 10 September 2024 will be entitled to the proposed dividend. The proposed dividend will be paid on 24 September 2024. Declared Dividend • Apr 10
Dividend of S$0.042 announced Shareholders will receive a dividend of S$0.042. Ex-date: 6th May 2024 Payment date: 2nd July 2024 Dividend yield will be 21%, which is higher than the industry average of 6.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 6 years. However, payments have been volatile during that time. Announcement • Mar 05
Pacific Century Regional Developments Limited Appoints Clara Tiong Siew Ee as an Independent Non-Executive Director The Board of Directors of Pacific Century Regional Developments Limited has reviewed the qualifications and experience of Ms. Clara Tiong Siew Ee and following the recommendation of the Nominating Committee, is of the view that based on Ms. Tiong's qualifications and working experience, she will be able to contribute positively to the Company. The Board has therefore approved the appointment of Ms. Tiong as an Independent Non-Executive Director of the Company. Working Experience: 2021 to Present - Executive Director, Jaya Tiasa Holdings Berhad 2017 to 2020 - Manager (Assistant to Executive Chairman), Jaya Tiasa Holdings Berhad 2015 to 2017 - Manager, Oriental Evermore Sdn Bhd. Appointment date is March 4, 2024. Reported Earnings • Mar 01
Full year 2023 earnings released Full year 2023 results: Net loss: S$31.4m (down 340% from profit in FY 2022). Announcement • Feb 24
Pacific Century Regional Developments Limited, Annual General Meeting, May 30, 2024 Pacific Century Regional Developments Limited, Annual General Meeting, May 30, 2024. New Risk • Feb 20
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 Interest payments are not well covered by earnings (0.3x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 19% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). New Risk • Oct 12
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 German stocks, typically moving 6.9% 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 Risks Interest payments are not well covered by earnings (0.3x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 19% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Reported Earnings • Aug 07
First half 2023 earnings released: S$0.011 loss per share (vs S$0.003 profit in 1H 2022) First half 2023 results: S$0.011 loss per share (down from S$0.003 profit in 1H 2022). Net loss: S$28.2m (down 430% from profit in 1H 2022). 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 9% per year, which means it is significantly lagging earnings growth. Board Change • Jun 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Charlene Dawes was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 06
Full year 2022 earnings released: EPS: S$0.005 (vs S$0.022 in FY 2021) Full year 2022 results: EPS: S$0.005 (down from S$0.022 in FY 2021). Revenue: S$24.1m (down 16% from FY 2021). Net income: S$13.1m (down 78% from FY 2021). Profit margin: 54% (down from 204% in FY 2021). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 01
Full year 2022 earnings released Full year 2022 results: Revenue: S$24.4m (down 15% from FY 2021). Net income: S$13.1m (down 78% from FY 2021). Profit margin: 54% (down from 204% in FY 2021). Announcement • Dec 06
Pacific Century Regional Developments Limited Appoints Charlene Dawes as Non-Executive Independent Non-Executive Director, Member of Each of the Audit Committee and the Nominating Committee Pacific Century Regional Developments Limited announced the appointment of Charlene Dawes as Non-Executive Independent Non-Executive Director, Member of each of the Audit Committee and the Nominating Committee. Working Experience is Owner and Managing Director of Tastings Group Limited in Hong Kong. Professional Qualifications: Bachelor of Arts (International Studies Major specialising in International Management Marketing Minor) - Pepperdine University, United States of America FT Non-Executive Director Diploma - Pearson Education, Commenced in September 2022 (in progress). Date of appointment is December 5, 2022. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Wee Kiong Yeo was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 14
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up S$7.70m from 1H 2021). Profit margin: (up from net loss in 1H 2021). The move to profitability was driven by lower expenses. Announcement • Aug 13
Pacific Century Regional Developments Limited Declares Interim Dividend for the Six Months Ended June 30, 2022, Payable on or Around September 9, 2022 Pacific Century Regional Developments Limited declared an interim dividend of 9.56 Hong Kong cents (30 June 2021: 9.36 Hong Kong cents) per ordinary share for the six months ended 30 June 2022 to shareholders whose names appear on the register of members of the Company on Tuesday, 30 August 2022, payable on or around 9 September 2022. Upcoming Dividend • Apr 29
Upcoming dividend of S$0.035 per share Eligible shareholders must have bought the stock before 06 May 2022. Payment date: 15 June 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 16%. Within top quartile of German dividend payers (4.0%). Higher than average of industry peers (2.5%). Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Wee Kiong Yeo was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 19
Pacific Century Regional Developments Limited Proposes Special Dividend for the Financial Year Ended 31 December 2021, Payable on 15 June 2022 Pacific Century Regional Developments Limited proposes tax-exempt (one tier) special dividend of SGD 0.027 per ordinary share for the financial year ended 31 December 2021. The proposed dividends, if approved at the 58th Annual General Meeting to be held on 22 April 2022, will be paid on 15 June 2022. Reported Earnings • Apr 05
Full year 2021 earnings released: EPS: S$0.022 (vs S$0.012 loss in FY 2020) Full year 2021 results: EPS: S$0.022 (up from S$0.012 loss in FY 2020). Revenue: S$28.7m (up 21% from FY 2020). Net income: S$58.7m (up S$91.1m from FY 2020). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Apr 02
Pacific Century Regional Developments Limited, Annual General Meeting, Apr 22, 2022 Pacific Century Regional Developments Limited, Annual General Meeting, Apr 22, 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 and the Auditor's Report thereon; to approve and declare a tax-exempt final dividend of S$0.0078 per ordinary share and a tax-exempt special dividend of S$0.027 per ordinary share for the year ended 31 December 2021; to re-elect the following Directors retiring by rotation pursuant to article 99 of the Constitution of the company; to approve Directors' fees of S$273,100 for the year ended 31 December 2021; and to re-appoint Messrs PricewaterhouseCoopers LLP as Auditor of the company and to authorize the Directors to fix its remuneration. Reported Earnings • Mar 02
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: S$28.8m (up 21% from FY 2020). Net income: S$58.7m (up S$91.1m from FY 2020). Revenue was in line with analyst estimates. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Wee Kiong Yeo was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 02
Upcoming dividend of S$0.035 per share Eligible shareholders must have bought the stock before 09 September 2021. Payment date: 24 September 2021. Trailing yield: 10%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (2.1%). Announcement • Aug 28
Pacific Century Regional Developments Limited Announces Special Dividend for the Financial Year Ending 31 December 2021, Payable on 24 September 2021 Pacific Century Regional Developments Limited announced that the Register of Members and Share Transfer Books of Pacific Century Regional Developments Limited will be closed from 5.00 pm on 10 September 2021 up to (and including) 13 September 2021 for the purposes of determining shareholders' entitlements to a tax- exempt (one-tier) special dividend of 0.65 per ordinary share for the financial year ending 31 December 2021. The dividend will be paid on 24 September 2021. Upcoming Dividend • May 01
Upcoming dividend of S$0.046 per share Eligible shareholders must have bought the stock before 07 May 2021. Payment date: 19 May 2021. Trailing yield: 17%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.3%). Announcement • Apr 25
Pacific Century Regional Developments Limited Approves Special Dividend for the Year Ended 31 December 2020 Pacific Century Regional Developments Limited announced that the Annual General Meeting held on 23 April 2021 approved a tax-exempt (one tier) special dividend of SGD 0.0393 per ordinary share for the year ended 31 December 2020. Reported Earnings • Apr 05
Full year 2020 earnings released: S$0.012 loss per share (vs S$0.012 profit in FY 2019) The company reported a mediocre full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: S$23.9m (up 35% from FY 2019). Net loss: S$32.5m (down 203% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Announcement • Apr 03
Pacific Century Regional Developments Limited Proposes Special Dividend for the Year Ended 31 December 2020, Payable on 23 June 2021 Pacific Century Regional Developments Limited's AGM is to consider and approve a resolution to declare a tax-exempt (one tier) special dividend of SGD 0.0393 per ordinary share for the year ended 31 December 2020. Duly completed transfers of ordinary shares of the Company together with all relevant documents of title received by the Company's Share Registrar, Boardroom Corporate & Advisory Services Pte. Ltd. at 50 Raffles Place, #32-01 Singapore Land Tower, Singapore 048623, up to the close of business at 5.00 p.m. on 9 June 2021 will be registered to determine shareholders' entitlements to the proposed dividends. The proposed dividends if approved at the 57th Annual General Meeting to be held on 23 April 2021, will be paid on 23 June 2021. Is New 90 Day High Low • Mar 16
New 90-day high: €0.22 The company is up 23% from a price of €0.18 on 16 December 2020. Outperformed the German market which is up 9.0% over the last 90 days. Exceeded the Diversified Financial industry, which is down 10.0% over the same period. Reported Earnings • Feb 10
Full year 2020 earnings released The company reported a mediocre full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: S$23.9m (up 35% from FY 2019). Net loss: S$32.5m (down 203% from profit in FY 2019). Announcement • Feb 06
Pacific Century Regional Developments Limited, Annual General Meeting, May 07, 2021 Pacific Century Regional Developments Limited, Annual General Meeting, May 07, 2021. Agenda: To consider and recommends the payment of a final cash dividend of 23 HK cents per ordinary share for the year ended December 31, 2020. Is New 90 Day High Low • Dec 23
New 90-day high: €0.21 The company is up 23% from its price of €0.17 on 24 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Diversified Financial industry, which is up 7.0% over the same period.