Announcement • Jun 10
Management Reports International Pte Ltd. completed the acquisition of Anacle Systems Limited (SEHK:8353) from Keppel Ltd, Lau E Choon Alex, Ong Swee Heng, Wong Poh Kam and others. Management Reports International Pte Ltd. proposed to acquire Anacle Systems Limited (SEHK:8353) from Keppel Ltd, Lau E Choon Alex, Ong Swee Heng, Wong Poh Kam and others for approximately HKD 480 million on March 3, 2025. A cash consideration of HKD 33.69 million valued at HKD 0.844 per share and of HKD 447.67 million valued at HKD 1.1 per share will be paid by Management Reports International Pte Ltd. As part of consideration, HKD 447.67 million is paid towards common equity and HKD 33.69 million is paid towards options of Anacle Systems Limited. The transaction is subject to approval by regulatory board / committee, approval of offer by target shareholders and subject to court approval. The expected completion of the transaction is December 31, 2025. As of March 21, 2025, As stated in the Joint Announcement, the Scheme will only become effective if, among other Conditions, the Scheme is approved at the Court Meeting. A court hearing (the ‘‘Court Hearing’’) is required for the Court to grant an order to convene the Court Meeting for the Shareholders to vote upon and approve the Scheme. As the Court Hearing depends on the availability and/or the determination of the Court and additional time is required to finalise the Scheme Document, an application for consent has been made to the Executive and the Executive has indicated that it is minded to grant consent to an extension of the time limit for despatching the Scheme Document from March 24, 2025 to May 2, 2025. As of May 13, 2025 As at the date of this announcement, the Stock Exchange has
approved the application for the withdrawal of the listing of the Shares subject to the Scheme becoming effective. The transaction is expected to complete on June 9, 2025.
Somerley International Limited acted as financial advisor for Management Reports International Pte Ltd. Altus Capital Limited acted as financial advisor for Anacle Systems Limited. Somerley Capital Limited acted as financial advisor to Management Reports International Pte Ltd.
Management Reports International Pte Ltd. completed the acquisition of Anacle Systems Limited (SEHK:8353) from Keppel Ltd, Lau E Choon Alex, Ong Swee Heng, Wong Poh Kam and others on June 9, 2025. Announcement • Mar 26
Anacle Systems Limited to Report Q3, 2025 Results on Apr 11, 2025 Anacle Systems Limited announced that they will report Q3, 2025 results on Apr 11, 2025 Reported Earnings • Jan 10
Second quarter 2025 earnings released: S$0.001 loss per share (vs S$0 in 2Q 2024) Second quarter 2025 results: S$0.001 loss per share (further deteriorated from S$0 in 2Q 2024). Revenue: S$7.37m (up 28% from 2Q 2024). Net loss: S$246.3k (loss widened 127% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. New Risk • Jan 08
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 11% 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: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (HK$207.6m market cap, or US$26.7m). Announcement • Dec 24
Anacle Systems Limited to Report First Half, 2025 Results on Jan 09, 2025 Anacle Systems Limited announced that they will report first half, 2025 results on Jan 09, 2025 Reported Earnings • Oct 15
First quarter 2025 earnings released: EPS: S$0.001 (vs S$0.001 loss in 1Q 2024) First quarter 2025 results: EPS: S$0.001 (up from S$0.001 loss in 1Q 2024). Revenue: S$7.14m (up 30% from 1Q 2024). Net income: S$336.2k (up S$662.5k from 1Q 2024). Profit margin: 4.7% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Sep 26
Anacle Systems Limited to Report Q1, 2025 Results on Oct 11, 2024 Anacle Systems Limited announced that they will report Q1, 2025 results on Oct 11, 2024 Announcement • Aug 22
Anacle Systems Limited, Annual General Meeting, Sep 27, 2024 Anacle Systems Limited, Annual General Meeting, Sep 27, 2024. Reported Earnings • Aug 22
Full year 2024 earnings released: EPS: S$0.002 (vs S$0.001 in FY 2023) Full year 2024 results: EPS: S$0.002 (up from S$0.001 in FY 2023). Revenue: S$26.7m (up 12% from FY 2023). Net income: S$593.1k (up 59% from FY 2023). Profit margin: 2.2% (up from 1.6% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. New Risk • Aug 09
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 18% 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 (18% average weekly change). Minor Risk Market cap is less than US$100m (HK$264.5m market cap, or US$33.9m). Announcement • Aug 09
Anacle Systems Limited to Report Fiscal Year 2024 Results on Aug 21, 2024 Anacle Systems Limited announced that they will report fiscal year 2024 results on Aug 21, 2024 Reported Earnings • Apr 04
Third quarter 2024 earnings released: EPS: S$0 (vs S$0.005 in 3Q 2023) Third quarter 2024 results: EPS: S$0 (down from S$0.005 in 3Q 2023). Revenue: S$6.40m (down 18% from 3Q 2023). Net loss: S$158.1k (down 109% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Mar 20
Anacle Systems Limited to Report Nine Months, 2024 Results on Apr 03, 2024 Anacle Systems Limited announced that they will report nine months, 2024 results on Apr 03, 2024 Reported Earnings • Dec 28
Second quarter 2024 earnings released: EPS: S$0 (vs S$0.005 loss in 2Q 2023) Second quarter 2024 results: EPS: S$0 (improved from S$0.005 loss in 2Q 2023). Revenue: S$5.74m (up 80% from 2Q 2023). Net loss: S$108.7k (loss narrowed 95% from 2Q 2023). 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 9% per year, which means it has not declined as severely as earnings. Announcement • Dec 13
Anacle Systems Limited to Report First Half, 2024 Results on Dec 27, 2023 Anacle Systems Limited announced that they will report first half, 2024 results on Dec 27, 2023 Announcement • Oct 21
Anacle Systems Limited Announces Board Changes Anacle Systems Limited announced that Ms. Yue Sau Lan ("Ms. Yue") has tendered her resignation as the joint company secretary of the Company (the "Joint Company Secretary"); and (ii) the authorised representative of the Company for accepting service of process and notices on behalf of the Company in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the "Authorised Representative") which will take effect from 1 December 2023. Board further announces that Ms. TSANG Oi Yin ("Ms. Tsang") has been appointed as a Joint Company Secretary and the Authorised Representative which will take effect from 1 December 2023. Ms. Tsang is an associate member of both The Hong Kong Chartered Governance Institute and the Chartered Governance Institute in the United Kingdom. Ms. Tsang obtained a bachelor's degree in international business from the University of South Australia in 2006. Announcement • Sep 21
Anacle Systems Limited to Report Q1, 2024 Results on Oct 04, 2023 Anacle Systems Limited announced that they will report Q1, 2024 results on Oct 04, 2023 Reported Earnings • Sep 08
Full year 2023 earnings released: EPS: S$0.001 (vs S$0.006 in FY 2022) Full year 2023 results: EPS: S$0.001 (down from S$0.006 in FY 2022). Revenue: S$23.8m (up 2.4% from FY 2022). Net income: S$374.3k (down 84% from FY 2022). Profit margin: 1.6% (down from 10% 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 36% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Aug 16
Anacle Systems Limited to Report Fiscal Year 2023 Results on Sep 06, 2023 Anacle Systems Limited announced that they will report fiscal year 2023 results on Sep 06, 2023 New Risk • Aug 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$64.0m (US$8.21m) 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$64.0m market cap, or US$8.21m). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Reported Earnings • Apr 14
Third quarter 2023 earnings released: EPS: S$0.005 (vs S$0.001 in 3Q 2022) Third quarter 2023 results: EPS: S$0.005 (up from S$0.001 in 3Q 2022). Revenue: S$7.76m (up 11% from 3Q 2022). Net income: S$1.83m (up 404% from 3Q 2022). Profit margin: 24% (up from 5.2% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jan 05
Second quarter 2023 earnings released: S$0.005 loss per share (vs S$0.003 profit in 2Q 2022) Second quarter 2023 results: S$0.005 loss per share (down from S$0.003 profit in 2Q 2022). Revenue: S$3.19m (down 51% from 2Q 2022). Net loss: S$2.21m (down 258% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Dec 24
Anacle Systems Limited Provides Earnings Guidance for the Six Months Ended 30 November 2022 Anacle Systems Limited provided earnings guidance for the six months ended 30 November 2022. The group expects to record a net loss of not more than SGD 3,000,000 as compared to a net profit after tax of SGD 1,948,664 for the corresponding period in 2021. Announcement • Dec 06
Anacle Systems Limited to Report First Half, 2023 Results on Jan 04, 2023 Anacle Systems Limited announced that they will report first half, 2023 results on Jan 04, 2023 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. 5 non-independent directors. Independent Non-Executive Director Wai Seng Mok was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 06
First quarter 2023 earnings released: S$0.001 loss per share (vs S$0.001 profit in 1Q 2022) First quarter 2023 results: S$0.001 loss per share (down from S$0.001 profit in 1Q 2022). Revenue: S$4.65m (up 2.2% from 1Q 2022). Net loss: S$385.5k (down 170% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Sep 22
Anacle Systems Limited to Report Q1, 2023 Results on Oct 05, 2022 Anacle Systems Limited announced that they will report Q1, 2023 results on Oct 05, 2022 Announcement • Sep 17
Anacle Systems Limited Provides Earnings Guidance for the Three Months Ended 31 August 2022 Anacle Systems Limited provided earnings guidance for the three months ended 31 August 2022. For the three months, the company expects net loss of not more than SGD 600,000 as compared to a net profit after tax of SGD 548,883 for the corresponding period in 2021. Announcement • Aug 31
Anacle Systems Limited, Annual General Meeting, Sep 30, 2022 Anacle Systems Limited, Annual General Meeting, Sep 30, 2022, at 10:00 Singapore Standard Time. Location: 3 Fusionopolis Way, Symbiosis,Singapore 138633 Singapore Singapore Agenda: To receive and adopt the audited consolidated financial statements of the Company and its subsidiaries and the reports of the directors and independent auditor of the Company for the year ended 31 May 2022;to re-elect Mr. Ong Swee Heng as an executive director of the Company;to re-elect Mr. Lee Suan Hiang as a non-executive director of the Company;to re-elect Mr. Alwi Bin Abdul Hafiz as an independent non-executive director of the Company;and to consider other business matters. Reported Earnings • Aug 27
Full year 2022 earnings released: EPS: S$0.006 (vs S$0.005 in FY 2021) Full year 2022 results: EPS: S$0.006 (up from S$0.005 in FY 2021). Revenue: S$23.2m (up 4.9% from FY 2021). Net income: S$2.37m (up 11% from FY 2021). Profit margin: 10% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Aug 13
Anacle Systems Limited to Report Fiscal Year 2022 Results on Aug 25, 2022 Anacle Systems Limited announced that they will report fiscal year 2022 results on Aug 25, 2022 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. 5 non-independent directors. Independent Non-Executive Director Wai Seng Mok was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 08
Third quarter 2022 earnings released: EPS: S$0.001 (vs S$0 in 3Q 2021) Third quarter 2022 results: EPS: S$0.001 (up from S$0 in 3Q 2021). Revenue: S$7.01m (up 74% from 3Q 2021). Net income: S$362.9k (up S$448.4k from 3Q 2021). Profit margin: 5.2% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 07
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: S$0.003 (down from S$0.004 in 2Q 2021). Revenue: S$6.54m (up 1.0% from 2Q 2021). Net income: S$1.40m (down 5.3% from 2Q 2021). Profit margin: 21% (down from 23% in 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 16
First quarter 2022 earnings released: EPS S$0.001 (vs S$0.001 in 1Q 2021) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2022 results: Revenue: S$4.55m (up 21% from 1Q 2021). Net income: S$549.0k (up 14% from 1Q 2021). Profit margin: 12% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Executive Departure • Oct 01
Independent Non-Executive Director Elango Subramanian has left the company On the 29th of September, Elango Subramanian's tenure as Independent Non-Executive Director ended after 4.8 years in the role. We don't have any record of a personal shareholding under Elango's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 5.25 years. Executive Departure • Oct 01
Independent Non-Executive Director Man Wai Li has left the company On the 29th of September, Man Wai Li's tenure as Independent Non-Executive Director ended after 4.8 years in the role. We don't have any record of a personal shareholding under Man Wai's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 5.25 years. Reported Earnings • Aug 22
Full year 2021 earnings released: EPS S$0.005 (vs S$0.001 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: S$22.2m (up 17% from FY 2020). Net income: S$2.13m (up S$1.87m from FY 2020). Profit margin: 9.6% (up from 1.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Jun 16
Anacle Systems Limited Provides Unaudited Financial Guidance for the Year Ended May 31, 2021 Anacle Systems Limited provided unaudited financial guidance for the year ended May 31, 2021. For the period, the Group expects to record a net profit before tax of not less than SGD 2,000,000 as compared to a net loss before tax of SGD 125,502 for the corresponding Financial Year in 2020. Is New 90 Day High Low • Jan 15
New 90-day high: HK$0.41 The company is up 60% from its price of HK$0.26 on 16 October 2020. The Hong Kong market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 43% over the same period. Announcement • Jan 09
Anacle Systems Limited Announces Executive Changes Anacle Systems Limited announced that Sir Seaman Kwok has resigned as one of the Joint Company Secretaries and the Authorized Representative, both with effect from 8 January 2021. The Board announced that Ms. Yue Sau Lan, a senior corporate secretarial manager of Boardroom, has been appointed as the Joint Company Secretary and the Authorized Representative in place of Sir Seaman Kwok, both with effect from 8 January 2021. Reported Earnings • Jan 09
Second quarter 2021 earnings released: EPS S$0.004 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: S$6.48m (up 49% from 2Q 2020). Net income: S$1.48m (up S$1.54m from 2Q 2020). Profit margin: 23% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 30
New 90-day high: HK$0.39 The company is up 95% from its price of HK$0.20 on 30 September 2020. The Hong Kong market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 35% over the same period. Announcement • Dec 25
Anacle Systems Limited to Report First Half, 2021 Results on Jan 08, 2021 Anacle Systems Limited announced that they will report first half, 2021 results on Jan 08, 2021 Is New 90 Day High Low • Nov 30
New 90-day high: HK$0.32 The company is up 7.0% from its price of HK$0.30 on 01 September 2020. The Hong Kong market is also up 7.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Software industry, which is up 10.0% over the same period. Announcement • Oct 16
Anacle Systems Limited Appoints Chong Yoke Sin as Non-Executive Director and A Member of Audit Committee The board of directors of Anacle Systems Limited announced that Dr. Chong Yoke Sin has been appointed as (i) a non-executive Director and (ii) a member of the audit committee of the Board both effective from 15 October 2020. Dr. Chong, aged 64, is a veteran of the IT industry. She has over 35 years of experience in the information technology industry. She has been the managing partner of iGlobe Partners II Pte Ltd. ("iGlobe") in the Republic of Singapore ("Singapore"), a venture capitalist firm with interests in smart cities, fintech and biotech startups and growth companies, since August 2019. Dr. Chong is a board member of the Singapore Land Authority since August 2015. Announcement • Sep 24
Anacle Systems Limited to Report Q1, 2021 Results on Oct 07, 2020 Anacle Systems Limited announced that they will report Q1, 2021 results on Oct 07, 2020 Announcement • Aug 12
Anacle Systems Limited to Report Fiscal Year 2020 Results on Aug 21, 2020 Anacle Systems Limited announced that they will report fiscal year 2020 results on Aug 21, 2020