Announcement • Apr 17
Sunlight (1977) Holdings Limited to Report First Half, 2026 Results on May 15, 2026 Sunlight (1977) Holdings Limited announced that they will report first half, 2026 results on May 15, 2026 Buy Or Sell Opportunity • Mar 05
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.8% to HK$0.055. The fair value is estimated to be HK$0.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.1%. Board Change • Feb 23
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Chek Soon Tog was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Dec 30
Sunlight (1977) Holdings Limited, Annual General Meeting, Feb 06, 2026 Sunlight (1977) Holdings Limited, Annual General Meeting, Feb 06, 2026, at 11:30 Singapore Standard Time. Location: 11 tuas south st 5, singapore 637590, Singapore New Risk • Dec 16
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 14% 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$68.0m market cap, or US$8.74m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Profit margins are more than 30% lower than last year (3.6% net profit margin). Buy Or Sell Opportunity • Dec 16
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 49% to HK$0.085. The fair value is estimated to be HK$0.068, 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 grown by 7.1%. Reported Earnings • Dec 13
Full year 2025 earnings released: EPS: S$0.001 (vs S$0.001 in FY 2024) Full year 2025 results: EPS: S$0.001 (in line with FY 2024). Revenue: S$14.0m (flat on FY 2024). Net income: S$506.0k (down 31% from FY 2024). Profit margin: 3.6% (down from 5.2% in FY 2024). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 4% per year. New Risk • Dec 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 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: Major Risk Market cap is less than US$10m (HK$44.8m market cap, or US$5.76m). Minor Risks Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). Profit margins are more than 30% lower than last year (2.9% net profit margin). Board Change • Nov 24
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Chek Soon Tog was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Nov 14
Sunlight (1977) Holdings Limited to Report Fiscal Year 2025 Results on Dec 12, 2025 Sunlight (1977) Holdings Limited announced that they will report fiscal year 2025 results on Dec 12, 2025 Board Change • Oct 30
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Chek Soon Tog was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • May 29
First half 2025 earnings released: EPS: S$0 (vs S$0.001 in 1H 2024) First half 2025 results: EPS: S$0 (down from S$0.001 in 1H 2024). Revenue: S$6.84m (down 3.3% from 1H 2024). Net income: S$173.0k (down 66% from 1H 2024). Profit margin: 2.5% (down from 7.2% in 1H 2024). The decrease in margin was primarily driven by lower revenue. 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 4% per year, which means it is significantly lagging earnings growth. New Risk • May 24
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: 2.9% Last year net profit margin: 6.3% 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 Market cap is less than US$10m (HK$43.2m market cap, or US$5.52m). Minor Risk Profit margins are more than 30% lower than last year (2.9% net profit margin). Board Change • May 12
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Chek Soon Tog was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • May 09
Sunlight (1977) Holdings Limited to Report Q2, 2025 Results on May 23, 2025 Sunlight (1977) Holdings Limited announced that they will report Q2, 2025 results on May 23, 2025 Announcement • Dec 30
Sunlight (1977) Holdings Limited, Annual General Meeting, Feb 14, 2025 Sunlight (1977) Holdings Limited, Annual General Meeting, Feb 14, 2025, at 11:30 Singapore Standard Time. Location: 11 tuas south st 5, singapore 637590, Singapore Reported Earnings • Dec 14
Full year 2024 earnings released: EPS: S$0.001 (vs S$0.001 in FY 2023) Full year 2024 results: EPS: S$0.001 (in line with FY 2023). Revenue: S$14.1m (down 3.7% from FY 2023). Net income: S$735.0k (up 13% from FY 2023). Profit margin: 5.2% (up from 4.5% in FY 2023). The increase in margin was driven by lower expenses. 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 10% per year, which means it is significantly lagging earnings growth. Announcement • Nov 29
Sunlight (1977) Holdings Limited to Report Q4, 2024 Results on Dec 13, 2024 Sunlight (1977) Holdings Limited announced that they will report Q4, 2024 results on Dec 13, 2024 Reported Earnings • May 12
First half 2024 earnings released: EPS: S$0.001 (vs S$0 in 1H 2023) First half 2024 results: EPS: S$0.001 (up from S$0 in 1H 2023). Revenue: S$7.07m (down 1.7% from 1H 2023). Net income: S$506.0k (up 107% from 1H 2023). Profit margin: 7.2% (up from 3.4% in 1H 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Apr 28
Sunlight (1977) Holdings Limited to Report First Half, 2024 Results on May 10, 2024 Sunlight (1977) Holdings Limited announced that they will report first half, 2024 results on May 10, 2024 New Risk • Jan 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$68.0m (US$8.70m) 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 (17% average weekly change). Market cap is less than US$10m (HK$68.0m market cap, or US$8.70m). Announcement • Dec 29
Sunlight (1977) Holdings Limited, Annual General Meeting, Feb 02, 2024 Sunlight (1977) Holdings Limited, Annual General Meeting, Feb 02, 2024, at 11:30 Singapore Standard Time. Location: 11 Tuas South St 5, Singapore Singapore Agenda: To consider and adopt the audited consolidated financial statements of the Company and its subsidiaries and the reports of the directors (``Directors'') and the independent auditor (the ``Independent Auditor'') of the Company for the year ended 30 September 2023; To re-elect Mr. Chua Wenhao (alias Cai Wenhao) as an executive Director; To re-elect Mr. Chua Wenjie (alias Cai Wenjie) as an executive Director; To re-elect Mr. Tog Chek Soon as an independent non-executive Director; and to discuss other matters. Reported Earnings • Dec 18
Full year 2023 earnings released: EPS: S$0.001 (vs S$0 in FY 2022) Full year 2023 results: EPS: S$0.001 (up from S$0 in FY 2022). Revenue: S$14.6m (up 21% from FY 2022). Net income: S$650.0k (up 150% from FY 2022). Profit margin: 4.5% (up from 2.2% in FY 2022). 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 increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 02
Sunlight (1977) Holdings Limited to Report Fiscal Year 2023 Results on Dec 15, 2023 Sunlight (1977) Holdings Limited announced that they will report fiscal year 2023 results on Dec 15, 2023 Reported Earnings • Aug 11
Third quarter 2023 earnings released: EPS: S$0 (vs S$0 in 3Q 2022) Third quarter 2023 results: EPS: S$0 (in line with 3Q 2022). Revenue: S$3.61m (up 14% from 3Q 2022). Net income: S$217.0k (up 487% from 3Q 2022). Profit margin: 6.0% (up from 1.2% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings. Announcement • Jul 29
Sunlight (1977) Holdings Limited to Report Nine Months, 2023 Results on Aug 10, 2023 Sunlight (1977) Holdings Limited announced that they will report nine months, 2023 results on Aug 10, 2023 Reported Earnings • May 08
Second quarter 2023 earnings released: EPS: S$0 (vs S$0 in 2Q 2022) Second quarter 2023 results: EPS: S$0 (in line with 2Q 2022). Revenue: S$3.53m (up 31% from 2Q 2022). Net income: S$194.0k (up S$179.0k from 2Q 2022). Profit margin: 5.5% (up from 0.6% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • Feb 09
First quarter 2023 earnings released: EPS: S$0 (vs S$0 in 1Q 2022) First quarter 2023 results: EPS: S$0 (in line with 1Q 2022). Revenue: S$3.66m (up 40% from 1Q 2022). Net income: S$50.0k (up 178% from 1Q 2022). Profit margin: 1.4% (up from 0.7% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Jan 28
Sunlight (1977) Holdings Limited to Report Q1, 2023 Results on Feb 08, 2023 Sunlight (1977) Holdings Limited announced that they will report Q1, 2023 results on Feb 08, 2023 Reported Earnings • Dec 18
Full year 2022 earnings released: EPS: S$0 (vs S$0 in FY 2021) Full year 2022 results: EPS: S$0 (in line with FY 2021). Revenue: S$12.0m (up 2.2% from FY 2021). Net income: S$260.0k (up 5.7% from FY 2021). Profit margin: 2.2% (in line with FY 2021). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Dec 17
Sunlight (1977) Holdings Limited, Annual General Meeting, Feb 08, 2023 Sunlight (1977) Holdings Limited, Annual General Meeting, Feb 08, 2023. Announcement • Dec 06
Sunlight (1977) Holdings Limited to Report Fiscal Year 2022 Results on Dec 16, 2022 Sunlight (1977) Holdings Limited announced that they will report fiscal year 2022 results on Dec 16, 2022 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Chek Soon Tog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 07
Third quarter 2022 earnings released: EPS: S$0 (vs S$0 in 3Q 2021) Third quarter 2022 results: EPS: S$0 (vs S$0 in 3Q 2021). Revenue: S$3.17m (up 16% from 3Q 2021). Net income: S$37.0k (up S$38.0k from 3Q 2021). Profit margin: 1.2% (up from 0% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Jul 28
Sunlight (1977) Holdings Limited to Report Nine Months, 2022 Results on Aug 05, 2022 Sunlight (1977) Holdings Limited announced that they will report nine months, 2022 results on Aug 05, 2022 Reported Earnings • May 06
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: S$2.70m (down 8.2% from 2Q 2021). Net income: S$15.0k (up S$24.0k from 2Q 2021). Profit margin: 0.6% (up from net loss in 2Q 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Chek Soon Tog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 24
Sunlight (1977) Holdings Limited to Report First Half, 2022 Results on May 05, 2022 Sunlight (1977) Holdings Limited announced that they will report first half, 2022 results on May 05, 2022 Reported Earnings • Feb 09
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: S$0 (vs S$0 in 1Q 2021). Revenue: S$2.61m (down 13% from 1Q 2021). Net income: S$18.0k (down 90% from 1Q 2021). Profit margin: 0.7% (down from 5.8% in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Board Change • Sep 14
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Chek Soon Tog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Executive Departure • Sep 13
Executive Director Joo Gek Chua has left the company On the 9th of September, Joo Gek Chua's tenure as Executive Director ended after 3.9 years in the role. We don't have any record of a personal shareholding under Joo Gek's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 4.17 years. Board Change • Sep 13
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Chek Soon Tog was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Executive Departure • Aug 19
Joint Company Secretary Lucy Cheng has left the company On the 16th of August, Lucy Cheng's tenure as Joint Company Secretary ended after 2.2 years in the role. We don't have any record of a personal shareholding under Lucy's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.96 years. Announcement • Jan 27
Sunlight (1977) Holdings Limited to Report Q1, 2021 Results on Feb 05, 2021 Sunlight (1977) Holdings Limited announced that they will report Q1, 2021 results on Feb 05, 2021 Announcement • Dec 30
Sunlight (1977) Holdings Limited, Annual General Meeting, Feb 05, 2021 Sunlight (1977) Holdings Limited, Annual General Meeting, Feb 05, 2021, at 11:30 China Standard Time. Location: 11 Tuas South St 5 Singapore Singapore Agenda: To consider and adopt the audited consolidated financial statements and the reports of the directors and the independent auditor for the year ended 30 September 2020; to re-elect directors; to authorise the board of Directors to fix the remuneration of the Directors; to re-appoint Foo Kon Tan LLP as the Independent Auditor and to authorise the Board to fix its remuneration; to consider the general mandate y to allot, issue or otherwise deal with additional shares; to consider the general mandate to purchase shares of the Company; to extend the general mandate y to allot, issue or otherwise deal with additional shares by the addition to the aggregate number of the shares of the Company which may be allotted or agreed conditionally or unconditionally to be allotted by the Directors. Reported Earnings • Dec 13
Full year 2020 earnings released: EPS S$0.001 The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: S$13.2m (down 14% from FY 2019). Net income: S$397.0k (down 3.2% from FY 2019). Profit margin: 3.0% (up from 2.7% in FY 2019). The increase in margin was driven by lower expenses. Announcement • Nov 28
Sunlight (1977) Holdings Limited Announces Board Changes The board of directors of Sunlight (1977) Holdings Limited announced that Mr. Tan Heng Thye has tendered his resignation as an independent non-executive Director and a member of each of the audit committee, the remuneration
committee and the nomination committee of the Board with effect from 27 November 2020 in order to devote more time to his other work commitments. The Board announces that succeeding the resignation of Mr. Tan, Mr. Tog Chek Soon has been appointed as an independent non-executive Director and a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee with effect from 27 November 2020. Announcement • Jul 31
Sunlight (1977) Holdings Limited to Report Nine Months, 2020 Results on Aug 07, 2020 Sunlight (1977) Holdings Limited announced that they will report nine months, 2020 results on Aug 07, 2020