Buy Or Sell Opportunity • May 22
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 56% to €0.014. The fair value is estimated to be €0.012, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 97%. Announcement • Apr 16
Pollux Properties Ltd., Annual General Meeting, Apr 30, 2026 Pollux Properties Ltd., Annual General Meeting, Apr 30, 2026, at 11:00 Singapore Standard Time. Location: level 3, function room 3-3, 60 cecil street, isca house, singapore 049709, Singapore Announcement • Feb 25
Pollux Properties Ltd. to Report Fiscal Year 2025 Results on Mar 01, 2026 Pollux Properties Ltd. announced that they will report fiscal year 2025 results at 5:00 PM, Singapore Standard Time on Mar 01, 2026 Announcement • Aug 07
Pollux Properties Ltd. to Report First Half, 2025 Results on Aug 14, 2025 Pollux Properties Ltd. announced that they will report first half, 2025 results on Aug 14, 2025 Announcement • Apr 15
Pollux Properties Ltd., Annual General Meeting, Apr 30, 2025 Pollux Properties Ltd., Annual General Meeting, Apr 30, 2025, at 10:00 Singapore Standard Time. Location: 20 collyer quay, 22-01, singapore 049319, Singapore Reported Earnings • Aug 19
First half 2024 earnings released: EPS: S$0 (vs S$0.001 in 1H 2023) First half 2024 results: EPS: S$0 (down from S$0.001 in 1H 2023). Revenue: S$6.54m (down 2.0% from 1H 2023). Net loss: S$167.1k (down 108% from profit in 1H 2023). Announcement • Aug 16
Pollux Properties Ltd. Appoints Ivan Kanel as Independent Director, Chairman of the Audit Committee, and Member of the Remuneration and Nominating Committee Pollux Properties Ltd. announced appointment of Mr. Ivan Kanel as an Independent Director of the Company. Mr. Ivan Kanel will also take on the role of Chairman of the Audit Committee and a member of the Remuneration and Nominating Committee. Working Experience: 2023 to Present: Member of International Business and Networking, Institute of Indonesia Chartered Accountant 2016 to Present: Management Partner, Indonesia Global Law Firm 2012 to Present: Managing Partner and Director, Pt Prodigi Konsultan 2009 to Present: Managing Partner, Kja Cv Sk & Co 2009 to Present: Managing Partner, Kap Kanel & Partner 2002 to Present: Lecturer, Tarumanagara University 2019 to 2023: Member of Quality Department, Institute of Indonesia Chartered Accountant 2018 to 2019: Member of Region Coordinator Dki Jakarta, Institute of Indonesia Chartered Accountant 2011 to 2021: Partner, Public Accounting Firm Herman Dody Tanumihardja & Partners. Professional Qualifications: Asean Chartered Professional Accountant, Asean Chartered Professional Accountant Coordinating Committee Chartered Accountant, Indonesian Institute of Accountants Certified Public Accountant, Institute of Certified Public Accountants Indonesia Master of Management, University of Tarumanagara Jakarta Bachelor of Economics (Se), University of Tarumanagara Jakarta. Other DirectorShips Past:- 2017 to 2020: Director, Intercontinental grouping of Accountants & Lawyers. Other DirectorShips Present:- 2018 to Present: Commissioner, PT Mahakarya Cipta Sentosa 2017 to Present: Director, PT Analis Advis Indonesia 2016 to Present: Director, PT Asia Global Investasi 2012 to Present: Managing Partner and Director, PT Prodigi Konsultan 2008 to Present: Director, KJA CV SK & Co. Director Experience Details:- Upon appointment as Director of Pollux Properties Ltd, Mr. Ivan Kanel will attend training on the roles and responsibilities as a director of a listed issuer as prescribed by the SGX-ST within 1 year from the date of his appointment. Buy Or Sell Opportunity • Aug 14
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 40% to €0.0075. The fair value is estimated to be €0.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Announcement • Aug 10
Pollux Properties Ltd. to Report First Half, 2024 Results on Aug 14, 2024 Pollux Properties Ltd. announced that they will report first half, 2024 results on Aug 14, 2024 Announcement • Jun 09
Pollux Properties Ltd., Annual General Meeting, Jun 21, 2024 Pollux Properties Ltd., Annual General Meeting, Jun 21, 2024, at 10:30 Singapore Standard Time. Location: 137 cecil street, cecil building, level 4, kyoto room, singapore 069537, Singapore Announcement • Jun 08
Pollux Properties Ltd. Announces Board and Committee Changes, Effective June 21, 2024 Pollux Properties Ltd. announced that Mr. Tan Lye Heng Paul will retire from the Board after the conclusion of the forthcoming Annual General Meeting on 21 June 2024 and will not seek for re-election as an Independent Director. Mr. Tan has decided to step down from the Board of the Company as he wishes to spend more time on his other existing commitments. Upon Mr. Tan's retirement, he will cease to be Chairman of the Audit Committee (AC) and member of Remuneration and Nominating Committee (RNC). Other DirectorShips Past: 1. Sin Ghee Huat Corporation Ltd. 2. China Sunsine Chemical Holdings Ltd. Other DirectorShips Present: 1. AJJ Medtech Holdings Limited 2. Second Chance Properties Ltd. 3. Serial System Ltd. 4. Nexia Singapore PAC 5. CA Trust PAC 6. Salleh Marican Foundation Ltd. 7. PSC Corporation Ltd. 8. Nexia Solutions Pte Ltd. 9. Nexia SG Pte Ltd. The company also announced the appointment of Mr. Phua Cher Chew (Pan Ziqiu), an Independent Director of the Company, as the Interim Chairman of the AC with effect from 21 June 2024. The Board notes that, following the retirement of Mr. Tan, the AC will be unable to meet the requirement of Rule 704(7) of the Catalist Rules and the Companies Act 1967, where the AC should consist of a minimum number of three members. The Board shall endeavour to fill the vacancy within two (2) months, and in any case no later than three (3) months. The Board will also take steps to appoint suitable candidate(s) to fill the vacancy(ies) in the RNC as soon as possible. Following the aforesaid changes with effect from 21 June 2024, the composition of the Board and Board Committees will be as follows:- Board Phua Cher Chew (Pan Ziqiu) (Chairman, Independent Director), Nico Purnomo Po (Executive Director and Chief Executive Officer) and Brian Praneda (Independent Director). AC: Phua Cher Chew (Pan Ziqiu) (Interim Chairman) and Brian Praneda. RNC: Brian Praneda (Chairman) and Phua Cher Chew (Pan Ziqiu). Announcement • Apr 03
Pollux Properties Ltd. Announces Resignation of Lau Wei Kian as Financial Controller Pollux Properties Ltd. announced that the resignation of Lau Wei Kian as Financial Controller. Role And Responsibilities: Overseeing the finance and accounting functions of the Company and the Group. Mr. Lau Wei Kian (Mr. Lau) has resigned as Financial Controller of the company to pursue other career opportunities. New Risk • Mar 03
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: 14% Last year net profit margin: 47% 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 Risks Interest payments are not well covered by earnings (1.2x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 21% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (14% net profit margin). Market cap is less than US$100m (€58.7m market cap, or US$63.6m). 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 Risks Interest payments are not well covered by earnings (1.2x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 57% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (€58.7m market cap, or US$63.5m). Announcement • Jan 11
Pollux Properties Ltd. Announces Change of Company Secretary The Board of Directors of Pollux Properties Ltd. announced the appointment of Ms. Shirley Tan Sey Liy as the Company Secretary with immediate effect, in place of Ms. Chew Bee Leng (Ms. Chew) who has resigned with effect from 11 January 2024. Board Change • Nov 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. No experienced directors. No highly experienced directors. Independent Non Executive Director Paul Tan is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 16
First half 2023 earnings released: EPS: S$0.001 (vs S$0.001 in 1H 2022) First half 2023 results: EPS: S$0.001 (in line with 1H 2022). Revenue: S$6.67m (up 4.6% from 1H 2022). Net income: S$2.00m (up 1.5% from 1H 2022). Profit margin: 30% (in line with 1H 2022). Board Change • Jul 20
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. No experienced directors. No highly experienced directors. Independent Non Executive Director Paul Tan is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. 
