Reported Earnings • May 31
Full year 2026 earnings released: EPS: S$0.01 (vs S$0.006 in FY 2025) Full year 2026 results: EPS: S$0.01 (up from S$0.006 in FY 2025). Revenue: S$262.0m (up 27% from FY 2025). Net income: S$14.4m (up 86% from FY 2025). Profit margin: 5.5% (up from 3.8% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 30
CTR Holdings Limited, Annual General Meeting, Aug 28, 2026 CTR Holdings Limited, Annual General Meeting, Aug 28, 2026. Buy Or Sell Opportunity • May 22
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 32% to HK$0.24. The fair value is estimated to be HK$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 35% over the last 3 years. Meanwhile, the company has become profitable. New Risk • May 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended August 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 August 2025 fiscal period end). Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (HK$266.0m market cap, or US$34.0m). Announcement • May 15
CTR Holdings Limited to Report Fiscal Year 2026 Results on May 29, 2026 CTR Holdings Limited announced that they will report fiscal year 2026 results on May 29, 2026 Buy Or Sell Opportunity • Feb 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 41% to HK$0.17. The fair value is estimated to be HK$0.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jan 07
Now 20% undervalued Over the last 90 days, the stock has risen 12% to HK$0.19. The fair value is estimated to be HK$0.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Dec 15
Now 24% undervalued Over the last 90 days, the stock has risen 39% to HK$0.18. The fair value is estimated to be HK$0.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Nov 04
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 267% to HK$0.30. The fair value is estimated to be HK$0.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Oct 27
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 Hong Kong stocks, typically moving 15% 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 Share price has been highly volatile over the past 3 months (15% average weekly change). High level of non-cash earnings (69% accrual ratio). Minor Risk Market cap is less than US$100m (HK$322.0m market cap, or US$41.5m). Announcement • Oct 21
CTR Holdings Limited to Report First Half, 2026 Results on Oct 31, 2025 CTR Holdings Limited announced that they will report first half, 2026 results on Oct 31, 2025 Buy Or Sell Opportunity • Sep 17
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 100% to HK$0.15. The fair value is estimated to be HK$0.12, 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. Meanwhile, the company has become profitable. Reported Earnings • Jul 01
Full year 2025 earnings released: EPS: S$0.006 (vs S$0.002 in FY 2024) Full year 2025 results: EPS: S$0.006 (up from S$0.002 in FY 2024). Revenue: S$206.9m (up 38% from FY 2024). Net income: S$7.77m (up 191% from FY 2024). Profit margin: 3.8% (up from 1.8% in FY 2024). The increase in margin was driven by higher revenue. Reported Earnings • May 30
Full year 2025 earnings released: EPS: S$0.006 (vs S$0.002 in FY 2024) Full year 2025 results: EPS: S$0.006 (up from S$0.002 in FY 2024). Revenue: S$206.9m (up 38% from FY 2024). Net income: S$7.77m (up 191% from FY 2024). Profit margin: 3.8% (up from 1.8% in FY 2024). The increase in margin was driven by higher revenue. Announcement • May 30
CTR Holdings Limited, Annual General Meeting, Aug 28, 2025 CTR Holdings Limited, Annual General Meeting, Aug 28, 2025. Announcement • May 27
CTR Holdings Limited Provides Group Earnings Guidance for the Year Ended 28 February 2025 CTR Holdings Limited provided group earnings guidance for the year ended 28 February 2025. The group expects to record a profit of not less than approximately SGD 7.70 million for the year ended 28 February 2025 as compared to profit of SGD 2.67 million in the prior financial year (the corresponding year). Such was primarily attributable to, among other factors, the following reasons: (i) Revenue growth stemming from the timely delivery of multiple major construction projects alongside accelerated execution of key contracts; and (ii) The Group have secured several large contracts during the Year, leading to higher revenue. Announcement • May 16
CTR Holdings Limited to Report Fiscal Year 2025 Results on May 29, 2025 CTR Holdings Limited announced that they will report fiscal year 2025 results on May 29, 2025 New Risk • Jan 11
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 Hong Kong stocks, typically moving 10.0% 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 Market cap is less than US$10m (HK$70.0m market cap, or US$8.99m). Minor Risks Share price has been volatile over the past 3 months (10.0% average weekly change). Profit margins are more than 30% lower than last year (1.7% net profit margin). Reported Earnings • Nov 28
First half 2025 earnings released: EPS: S$0.002 (vs S$0.002 in 1H 2024) First half 2025 results: EPS: S$0.002 (in line with 1H 2024). Revenue: S$92.2m (up 52% from 1H 2024). Net income: S$3.22m (up 15% from 1H 2024). Profit margin: 3.5% (down from 4.6% in 1H 2024). The decrease in margin was driven by higher expenses. New Risk • Nov 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$77.0m (US$9.91m) 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 Risk Market cap is less than US$10m (HK$77.0m market cap, or US$9.91m). Minor Risk Profit margins are more than 30% lower than last year (1.7% net profit margin). Announcement • Oct 15
CTR Holdings Limited to Report First Half, 2025 Results on Oct 29, 2024 CTR Holdings Limited announced that they will report first half, 2025 results on Oct 29, 2024 New Risk • Jun 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$77.0m (US$9.86m) 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 (16% average weekly change). Market cap is less than US$10m (HK$77.0m market cap, or US$9.86m). Minor Risk Profit margins are more than 30% lower than last year (1.8% net profit margin). Announcement • Jun 28
CTR Holdings Limited, Annual General Meeting, Aug 29, 2024 CTR Holdings Limited, Annual General Meeting, Aug 29, 2024, at 10:00 Singapore Standard Time. Location: 21 woodlands close 08-11/12, primz bizhub, 737854, Singapore New Risk • Jun 13
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 Hong Kong stocks, typically moving 15% 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 (15% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (HK$96.6m market cap, or US$12.4m). New Risk • Jun 04
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: 1.8% Last year net profit margin: 7.7% 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: Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (HK$106.4m market cap, or US$13.6m). Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: S$0.002 (vs S$0.005 in FY 2023) Full year 2024 results: EPS: S$0.002 (down from S$0.005 in FY 2023). Revenue: S$150.2m (up 67% from FY 2023). Net income: S$2.67m (down 61% from FY 2023). Profit margin: 1.8% (down from 7.7% 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 78% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Announcement • May 19
CTR Holdings Limited to Report Fiscal Year 2024 Results on May 30, 2024 CTR Holdings Limited announced that they will report fiscal year 2024 results on May 30, 2024 New Risk • Apr 24
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 Hong Kong stocks, typically moving 13% 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 High level of non-cash earnings (72% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (HK$105.0m market cap, or US$13.4m). Reported Earnings • Nov 24
First half 2024 earnings released: EPS: S$0.002 (vs S$0.002 in 1H 2023) First half 2024 results: EPS: S$0.002 (in line with 1H 2023). Revenue: S$60.7m (up 53% from 1H 2023). Net income: S$2.79m (up 25% from 1H 2023). Profit margin: 4.6% (down from 5.6% in 1H 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. New Risk • Nov 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$75.6m (US$9.68m) 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 (15% average weekly change). Market cap is less than US$10m (HK$75.6m market cap, or US$9.68m). Announcement • Oct 18
CTR Holdings Limited to Report First Half, 2024 Results on Oct 31, 2023 CTR Holdings Limited announced that they will report first half, 2024 results on Oct 31, 2023 Announcement • Jun 24
CTR Holdings Limited, Annual General Meeting, Aug 30, 2023 CTR Holdings Limited, Annual General Meeting, Aug 30, 2023, at 13:00 China Standard Time. Location: 21 Woodlands Close #08-11/12, Primz Bizhub Woodlands Singapore Agenda: To receive, consider and adopt the audited financial statements, the report of the directors and the independent auditors' report of the Company for the year ended 28 February 2023; to consider directorate reelections; to authorize the board of directors of the Company to fix the directors' remuneration; to re-appoint HLB Hodgson Impey Cheng Limited as the auditor of the Company and to authorize the board of directors of the Company to fix their remuneration; to grant a general mandate to the directors of the Company to allot, issue or otherwise deal with additional shares not exceeding 20% of the total number of issued shares of the Company; and to consider other matters. New Risk • Jun 15
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$74.2m (US$9.48m) 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 Earnings have declined by 27% per year over the past 5 years. Market cap is less than US$10m (HK$74.2m market cap, or US$9.48m). Reported Earnings • May 31
Full year 2023 earnings released: EPS: S$0.005 (vs S$0 in FY 2022) Full year 2023 results: EPS: S$0.005 (up from S$0 in FY 2022). Revenue: S$89.8m (down 15% from FY 2022). Net income: S$6.88m (up S$7.18m from FY 2022). Profit margin: 7.7% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 50% per year, which means it is performing significantly worse than earnings. Announcement • May 19
CTR Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 28 February 2023 CTR Holdings Limited provided unaudited consolidated earnings guidance for the year ended 28 February 2023. For the period, the Group is expected to record a net profit attributable to owners of the Company by not more than SGD 7.0 million for the year ended 28 February 2023 as compared to the net loss attributable to owners of the Company of approximately SGD 0.3 million for the corresponding period in 2022. The increase in net profit attributable to owners of the Company is mainly due to the Group's gross profit margin has moderately improved. Board Change • Dec 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non Executive Director Marco Kung was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 27
First half 2023 earnings released: EPS: S$0.002 (vs S$0.002 in 1H 2022) First half 2023 results: EPS: S$0.002 (in line with 1H 2022). Revenue: S$39.6m (down 10.0% from 1H 2022). Net income: S$2.23m (flat on 1H 2022). Profit margin: 5.6% (up from 5.1% in 1H 2022). Reported Earnings • Oct 29
First half 2023 earnings released: EPS: S$0.002 (vs S$0.002 in 1H 2022) First half 2023 results: EPS: S$0.002 (in line with 1H 2022). Revenue: S$39.6m (down 10.0% from 1H 2022). Net income: S$2.23m (flat on 1H 2022). Profit margin: 5.6% (up from 5.1% in 1H 2022). Announcement • Oct 18
CTR Holdings Limited to Report First Half, 2023 Results on Oct 28, 2022 CTR Holdings Limited announced that they will report first half, 2023 results on Oct 28, 2022 
