Announcement • May 27
Aspial Lifestyle Limited has completed a Follow-on Equity Offering in the amount of SGD 60.000108 million. Aspial Lifestyle Limited has completed a Follow-on Equity Offering in the amount of SGD 60.000108 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 149,254,000
Price\Range: SGD 0.402
Transaction Features: Regulation S; Subsequent Direct Listing Buy Or Sell Opportunity • May 26
Now 72% overvalued Over the last 90 days, the stock has fallen 96% to €0.01. The fair value is estimated to be €0.0058, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 43%. Recent Insider Transactions • May 20
Non-Independent Non-Executive Chairman recently bought €142k worth of stock On the 18th of May, Wee Seng Koh bought around 502k shares on-market at roughly €0.28 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Wee Seng's only on-market trade for the last 12 months. Buy Or Sell Opportunity • May 05
Now 84% overvalued Over the last 90 days, the stock has fallen 99% to €0.001. The fair value is estimated to be €0.00054, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 43%. Reported Earnings • Apr 17
Full year 2025 earnings released: EPS: S$0.044 (vs S$0.022 in FY 2024) Full year 2025 results: EPS: S$0.044 (up from S$0.022 in FY 2024). Revenue: S$830.1m (up 41% from FY 2024). Net income: S$80.7m (up 135% from FY 2024). Profit margin: 9.7% (up from 5.8% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. New Risk • Apr 15
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 German stocks, typically moving 9.4% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risk Paying a dividend despite having no free cash flows. Buy Or Sell Opportunity • Apr 15
Now 50% overvalued after recent price rise Over the last 90 days, the stock has risen 101% to €0.30. The fair value is estimated to be €0.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 43%. Announcement • Apr 07
Aspial Lifestyle Limited, Annual General Meeting, Apr 28, 2026 Aspial Lifestyle Limited, Annual General Meeting, Apr 28, 2026, at 10:00 Singapore Standard Time. Location: aspial one, 55 ubi avenue 3 level 1, singapore 408864, Singapore New Risk • Feb 26
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 0% The company is paying a dividend despite having no free cash flows. Dividend yield: 2.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (9.7% average weekly change). Reported Earnings • Feb 26
Full year 2025 earnings released: EPS: S$0.044 (vs S$0.022 in FY 2024) Full year 2025 results: EPS: S$0.044 (up from S$0.022 in FY 2024). Revenue: S$830.1m (up 41% from FY 2024). Net income: S$80.7m (up 135% from FY 2024). Profit margin: 9.7% (up from 5.8% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. New Risk • Jan 27
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 7.8% 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 Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.8% average weekly change). New Risk • Aug 23
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 7.7% 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: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.7% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Buy Or Sell Opportunity • Aug 22
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 44% to €0.096. The fair value is estimated to be €0.079, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 25%. Reported Earnings • Aug 13
First half 2025 earnings released: EPS: S$0.015 (vs S$0.01 in 1H 2024) First half 2025 results: EPS: S$0.015 (up from S$0.01 in 1H 2024). Revenue: S$367.2m (up 46% from 1H 2024). Net income: S$27.9m (up 98% from 1H 2024). Profit margin: 7.6% (up from 5.6% in 1H 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Apr 29
Aspial Lifestyle Limited Approves Payment of Final Dividend for the Financial Year Ended December 31, 2024 Aspial Lifestyle Limited approved the payment of a final dividend of 0.38 Singapore cents per ordinary share (tax-exempt one-tier) in respect of the financial year ended 31 December 2024. Reported Earnings • Apr 13
Full year 2024 earnings released: EPS: S$0.022 (vs S$0.014 in FY 2023) Full year 2024 results: EPS: S$0.022 (up from S$0.014 in FY 2023). Revenue: S$587.6m (up 25% from FY 2023). Net income: S$34.3m (up 79% from FY 2023). Profit margin: 5.8% (up from 4.1% in FY 2023). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Apr 11
Aspial Lifestyle Limited, Annual General Meeting, Apr 28, 2025 Aspial Lifestyle Limited, Annual General Meeting, Apr 28, 2025, at 12:30 Singapore Standard Time. Location: 55 ubi avenue 3, level 1, singapore 408864, Singapore Buy Or Sell Opportunity • Apr 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to €0.064. The fair value is estimated to be €0.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 13%. 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 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 Risks Interest payments are not well covered by earnings (1.7x net interest cover). Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Paying a dividend despite having no free cash flows. Reported Earnings • Feb 24
Full year 2024 earnings released: EPS: S$0.022 (vs S$0.014 in FY 2023) Full year 2024 results: EPS: S$0.022 (up from S$0.014 in FY 2023). Revenue: S$587.6m (up 25% from FY 2023). Net income: S$34.3m (up 79% from FY 2023). Profit margin: 5.8% (up from 4.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Aug 23
Aspial Lifestyle Limited has filed a Follow-on Equity Offering in the amount of SGD 37.42122 million. Aspial Lifestyle Limited has filed a Follow-on Equity Offering in the amount of SGD 37.42122 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 311,843,500
Price\Range: SGD 0.12
Transaction Features: Rights Offering Reported Earnings • Aug 15
First half 2024 earnings released: EPS: S$0.01 (vs S$0.007 in 1H 2023) First half 2024 results: EPS: S$0.01 (up from S$0.007 in 1H 2023). Revenue: S$251.2m (up 9.8% from 1H 2023). Net income: S$14.1m (up 51% from 1H 2023). Profit margin: 5.6% (up from 4.1% in 1H 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 8% per year. New Risk • Aug 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 German stocks, typically moving 6.7% 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: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Dividend is not well covered by cash flows (111% cash payout ratio). Share price has been volatile over the past 3 months (6.7% average weekly change). Shareholders have been diluted in the past year (10% increase in shares outstanding). New Risk • Jul 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 10% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Dividend is not well covered by cash flows (111% cash payout ratio). Shareholders have been diluted in the past year (10% increase in shares outstanding). Announcement • Apr 30
Aspial Lifestyle Limited Approves Final Dividend for the Financial Year Ended 31 December 2023 Aspial Lifestyle Limited at its Annual General Meeting held on 29 April 2024, approved the payment of a final dividend of 0.38 Singapore cents per ordinary share in respect of the financial year ended 31 December 2023. Reported Earnings • Apr 17
Full year 2023 earnings released: EPS: S$0.014 (vs S$0.014 in FY 2022) Full year 2023 results: EPS: S$0.014 (in line with FY 2022). Revenue: S$471.6m (up 48% from FY 2022). Net income: S$19.2m (up 20% from FY 2022). Profit margin: 4.1% (down from 5.0% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Apr 13
Aspial Lifestyle Limited, Annual General Meeting, Apr 29, 2024 Aspial Lifestyle Limited, Annual General Meeting, Apr 29, 2024, at 12:30 Singapore Standard Time. Location: 55 Ubi Avenue 3 Level 1, Singapore Singapore Agenda: To consider and receive, consider and adopt the Audited Financial Statements for the financial year ended 31 December 2023 and the Directors' Statement and the Auditors' Report thereon; to approve the payment of Directors' fees of SGD 252,836 for the financial year ended 31 December 2023; to consider Declaration of First and Final Tax exempt (one-tier) Dividend; to consider and re-elect Mr. Koh Wee Seng, a Director retiring by rotation pursuant to Regulation 89 of the Company's Constitution; and to transact such other business matters. Reported Earnings • Feb 25
Full year 2023 earnings released: EPS: S$0.014 (vs S$0.014 in FY 2022) Full year 2023 results: EPS: S$0.014 (in line with FY 2022). Revenue: S$471.6m (up 48% from FY 2022). Net income: S$19.2m (up 20% from FY 2022). Profit margin: 4.1% (down from 5.0% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Feb 23
Aspial Lifestyle Limited Proposes Final Tax Exempt (One-Tier) Dividend for Fy2023, Payable on 17 May 2024 The Board of Directors of Aspial Lifestyle Limited refered to the Company's unaudited condensed interim financial statements for the six months and full year ended 31 December 2023 announced on 23 February 2024, with the proposed final tax exempt (one-tier) dividend of 0.38 Singapore cents per ordinary share for FY2023 (the "Final Dividend"). NOTICE IS HEREBY GIVEN that subject to shareholders' approval being obtained for the proposed Final Dividend of 0.38 Singapore cents per ordinary share for FY2023 (the "Final Dividend"), the Share Transfer Books and Register of Members of the Company will be closed at 5.00 p.m. on 7 May 2024 for the purpose of determining Shareholder's entitlements to the Final Dividend. Duly completed and stamped registerable transfers received by the Company's share registrar, B.A.C.S. Private Limited at 77 Robinson Road, Robinson 77 #06-03, Singapore 068896, up to 5.00 p.m. on 7 May 2024 (the "Record date") will be registered before entitlements are determined. Shareholders whose securities accounts with The Central Depository (Pte) Limited are credited with ordinary shares in the capital of the Company on the Record date will be entitled to the Final Dividend. The Final Dividend, if approved by shareholders, will be paid on 17 May 2024. Announcement • Jan 10
Aspial Lifestyle Limited Announces Resignation of Lim Poh Meng as Merchandising Director Aspial Lifestyle Limited announced the resignation of Lim Poh Meng as Merchandising Director. Responsible for all aspects of retail merchandising of the Company. Mr. Lim's duties and responsibilities are subsumed by the current management of the merchandising division, overseen by the Chief Executive Officer of the Company. Mr. Lim Poh Meng has tendered his resignation as Merchandising Director of the Company to pursue other career opportunities. The Sponsor, after having interviewed Mr. Lim, is satisfied that, other than as disclosed in this announcement, there are no material reasons for the cessation of Mr. Lim as Merchandising Director of the Company. Buying Opportunity • Aug 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 8.1%. The fair value is estimated to be €0.099, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 25%. New Risk • Aug 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: 4.0% Last year net profit margin: 6.1% 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 Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.0% net profit margin). Shareholders have been diluted in the past year (33% increase in shares outstanding). Announcement • Aug 12
Aspial Lifestyle Limited Declares Interim Tax Exempt (One-Tier) Dividend for the First Half Ended June 30, 2023 Aspial Lifestyle Limited declared interim tax exempt (one-tier) dividend of SGD 0.0040 per ordinary share for the first half ended June 30, 2023 against SGD 0.0065 a year ago. Announcement • May 06
Aspial Lifestyle Limited Announces Changes to the Board and Re-Composition of the Board Committees Aspial Lifestyle Limited announced the following changes to the Board members have taken effect from 5 May 2023: Cessation of Directors - The cessation of the appointments of: Ms Goh Bee Leong as Independent Director of the Company, Mr. Lee Sai Sing as Independent Director of the Company and Ms Koh Lee Hwee as Non-Executive Director of the Company. On the recommendation of the Nominating Committee of the Company, the Board has approved the appointment of Mr. Yeo Yun Seng Bernard as Independent Director. The Board is confident that Mr. Yeo's extensive experience in the accounting and financial management will further complement and strengthen the core competencies of the Group. Working Experience: 1997 - Present: Partner, Business Consultant, HT & BY Financial Management Consultants, Singapore. Professional Qualifications: Association of Chartered Certified Accountants, Fellow of the Association and Singapore Human Resources Institute, Fellow Member. Director Experience Details: RH Petrogas Limited (formerly known as Tri-M Technologies (S) Limited /Singapore) - Independent Director, Chairman of Remuneration Committee, Member of Audit and Nomination Committees, Sin Heng Heavy Machinery Limited - Independent Director, Chairman of Audit and Risk Committee, Member of Remuneration and Nomination Committees, UE E&C (delisted from the Official List of the SGX-ST with effect from 16 March 2015) - Independent Director, MFS Technology Ltd. - Independent Director, Chairman of Audit Committee and a Member of each of Remuneration and Nomination Committee, Agva Corporation Limited (delisted from the Official List of the SGX-ST) with effect from 22 May 2009) - Non Executive Director and a Member of each of Audit and Remuneration Committee. Board of Directors As outlined above, the following Board composition will be implemented from 5 May 2023 onwards: Mr. Koh Wee Seng (Chairman, Non-Executive Director), Mr. Ng Kean Seen (Chief Executive Officer and Executive Director), Ms. Ko Lee Meng (Non-Executive Director), Mr. Tan Keh Yan, Peter (Lead Independent Director), Mr. Tan Soo Kiang (Independent Director), Mr. Yeo Yun Seng Bernard (Independent Director). Following the change in the Board composition, the Board Committees of the Company are reconstituted with effect from 5 May 2023 onwards: Audit Committee: Mr. Tan Keh Yan, Peter (Chairman), Mr. Tan Soo Kiang, Mr. Yeo Yun Seng Bernard and Mr. Koh Wee Seng as members. Nominating Committee: Mr. Yeo Yun Seng Bernard (Chairman), Mr. Tan Keh Yan, Peter, Mr. Tan Soo Kiang and Mr. Koh Wee Seng as members. Remuneration Committee: Mr. Tan Soo Kiang (Chairman), Mr. Tan Keh Yan, Peter, Mr. Yeo Yun Seng Bernard and Ms. Ko Lee Meng as members. Reported Earnings • Apr 13
Full year 2022 earnings released: EPS: S$0.014 (vs S$0.014 in FY 2021) Full year 2022 results: EPS: S$0.014 (in line with FY 2021). Revenue: S$319.0m (up 41% from FY 2021). Net income: S$16.0m (up 11% from FY 2021). Profit margin: 5.0% (down from 6.4% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: S$0.014 (vs S$0.014 in FY 2021) Full year 2022 results: EPS: S$0.014 (in line with FY 2021). Revenue: S$319.0m (up 41% from FY 2021). Net income: S$16.0m (up 11% from FY 2021). Profit margin: 5.0% (down from 6.4% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Buying Opportunity • Nov 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.6%. The fair value is estimated to be €0.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 7.5%. 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. 2 experienced directors. 5 highly experienced directors. CEO & Executive Director Kean Seen Ng 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. Buying Opportunity • Nov 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 3.8%. The fair value is estimated to be €0.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 7.5%. Recent Insider Transactions • Oct 07
Non-Independent Non-Executive Chairman recently bought €143k worth of stock On the 5th of October, Wee Seng Koh bought around 1m shares on-market at roughly €0.11 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Wee Seng has been a buyer over the last 12 months, purchasing a net total of €168k worth in shares. Announcement • Oct 01
Maxi-Cash Financial Services Corporation Ltd. (Catalist:5UF) completed the acquisiiton of Aspial-Lee Hwa Jewellery Singapore Pte. Ltd, Gold Purple Pte. Ltd. and BU2 Services Pte. Ltd. from Aspial Corporation Limited (SGX:A30). Maxi-Cash Financial Services Corporation Ltd. (Catalist:5UF) entered into a sale and purchase agreement to acquire Aspial-Lee Hwa Jewellery Singapore Pte. Ltd, Gold Purple Pte. Ltd. and BU2 Services Pte. Ltd. from Aspial Corporation Limited (SGX:A30) for SGD 99.8million on July 7, 2022. The transaction is subjected to approval of both Maxi-cash and Aspial shareholders. Closing shall take place on the date falling five (5) business days after the date of satisfaction or waiver of the last of the conditions precedent set out in the SPA, or such other date as may be agreed by the Maxi-Cash and the Aspial Corporation in writing. On August 22, 2022, Maxi-Cash Financial Services announced that Extraordinary General Meeting will be held by way of electronic means on 14 September 2022. As of September 26, 2022, The shareholders of Aspial Corporation has approved the deal at extraordinary general meeting held on September 26, 2022.
SAC Capital Private Limited acted as financial advisor to Maxi-Cash Financial Services Corporation Ltd.
Maxi-Cash Financial Services Corporation Ltd. (Catalist:5UF) completed the acquisiiton of Aspial-Lee Hwa Jewellery Singapore Pte. Ltd, Gold Purple Pte. Ltd. and BU2 Services Pte. Ltd. from Aspial Corporation Limited (SGX:A30) on September 30, 2022. Announcement • Aug 09
Maxi-Cash Financial Services Corporation Ltd Declares Interim Tax Exempt (One-Tier) Dividend for the Year Ended December 31, 2022, Payable on September 9, 2022 Maxi-Cash Financial Services Corporation Ltd. announced that the company declared interim tax exempt (one-tier) dividend of 0.65 Singapore cents per ordinary share for fiscal year 2022. The record date 18 August 2022. Interim Dividend to be paid on September 9, 2022. Reported Earnings • Aug 08
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down S$8.01m from profit in 1H 2021). Profit margin: (down from 7.2% in 1H 2021). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. 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. 2 experienced directors. 5 highly experienced directors. CEO & Executive Director Kean Seen Ng 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 14
Full year 2021 earnings released: EPS: S$0.014 (vs S$0.028 in FY 2020) Full year 2021 results: EPS: S$0.014 (down from S$0.028 in FY 2020). Revenue: S$225.7m (down 14% from FY 2020). Net income: S$14.4m (down 51% from FY 2020). Profit margin: 6.4% (down from 11% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Apr 14
Maxi-Cash Financial Services Corporation Ltd., Annual General Meeting, Apr 29, 2022 Maxi-Cash Financial Services Corporation Ltd., Annual General Meeting, Apr 29, 2022, at 10:00 Singapore Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statements for the financial year ended 31 December 2021 together with the Directors' Statement and the Auditors' Report thereon; to approve the payment of Director’s fees for the financial year ended 31 December 2021; to re-elect the directors of the company; to reappoint Messrs Ernst & Young LLP as Auditors of the Company and to authorise the Directors to fix their remuneration; to consider approval for the continued appointment fo Mr Lee Sai Sing as an independent director; to consider authority to issue shares; and to consider other business matters. Reported Earnings • Feb 28
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: S$0.014 (down from S$0.028 in FY 2020). Revenue: S$225.7m (down 14% from FY 2020). Net income: S$14.4m (down 51% from FY 2020). Profit margin: 6.4% (down from 11% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.0%. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Feb 19
Maxi-Cash Financial Services Corporation Ltd. to Report Fiscal Year 2021 Results on Feb 24, 2022 Maxi-Cash Financial Services Corporation Ltd. announced that they will report fiscal year 2021 results After-Market on Feb 24, 2022 Reported Earnings • Aug 09
First half 2021 earnings released: EPS S$0.008 (vs S$0.01 in 1H 2020) The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: S$111.6m (up 8.6% from 1H 2020). Net income: S$8.01m (down 20% from 1H 2020). Profit margin: 7.2% (down from 9.8% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Executive Departure • Jun 05
Director of Regional Operations Wee Kiong Chua has left the company On the 3rd of June, Wee Kiong Chua's tenure as Director of Regional Operations ended. As of March 2021, Wee Kiong still personally held only 944.00 shares (€119 worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 6.42 years. Reported Earnings • Apr 19
Full year 2020 earnings released: EPS S$0.028 (vs S$0.014 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: S$262.8m (up 20% from FY 2019). Net income: S$29.3m (up 97% from FY 2019). Profit margin: 11% (up from 6.8% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 18% per year. Recent Insider Transactions • Apr 14
Non-Executive Chairman recently sold €1.1m worth of stock On the 12th of April, Wee Seng Koh sold around 10m shares on-market at roughly €0.11 per share. This was the largest sale by an insider in the last 3 months. This was Wee Seng's only on-market trade for the last 12 months. Executive Departure • Apr 14
Assistant Finance Director has left the company On the 1st of April, Yen Phing Yeo's tenure in the role of Assistant Finance Director ended. We don't have any record of a personal shareholding under Yen Phing's name. Yen Phing is the only executive to leave the company over the last 12 months. Upcoming Dividend • Mar 05
Upcoming Dividend of S$0.015 Per Share Will be paid on the 25th of March to those who are registered shareholders by the 12th of March. The trailing yield of 14% is in the top quartile of German dividend payers (3.4%), and it is higher than industry peers (4.0%). Reported Earnings • Feb 24
Full year 2020 earnings released: EPS S$0.028 (vs S$0.014 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: S$262.8m (up 20% from FY 2019). Net income: S$29.3m (up 97% from FY 2019). Profit margin: 11% (up from 6.8% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Feb 10
Maxi-Cash Financial Services Corporation Ltd. to Report Fiscal Year 2020 Results on Feb 23, 2021 Maxi-Cash Financial Services Corporation Ltd. announced that they will report fiscal year 2020 results After-Market on Feb 23, 2021 
