Major Estimate Revision • Jun 06
Consensus revenue estimates fall by 21% The consensus outlook for revenues in fiscal year 2027 has deteriorated. 2027 revenue forecast decreased from S$259.8m to S$204.3m. EPS estimate fell from S$0.021 to S$0.017 per share. Net income forecast to grow 165% next year vs 17% growth forecast for Construction industry in Singapore. Consensus price target down from S$0.32 to S$0.27. Share price fell 3.3% to S$0.18 over the past week. Reported Earnings • May 29
Full year 2026 earnings: Revenues miss analyst expectations Full year 2026 results: Revenue: S$139.6m (down 11% from FY 2025). Net income: S$2.15m (up 40% from FY 2025). Profit margin: 1.5% (up from 1.0% in FY 2025). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 18%. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Construction industry in Singapore. Price Target Changed • Apr 25
Price target decreased by 15% to S$0.39 Down from S$0.46, the current price target is an average from 2 analysts. New target price is 99% above last closing price of S$0.20. Stock is up 118% over the past year. The company is forecast to post earnings per share of S$0.014 for next year compared to S$0.0058 last year. Board Change • Jan 20
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. 1 experienced director. 4 highly experienced directors. Non-Executive Independent Director Latiff Bin Ibrahim was the last 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: Insufficient board refreshment. New Risk • Dec 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% 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 (1.5x net interest cover). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (S$110.6m market cap, or US$85.4m). Announcement • Dec 01
Sanli Environmental Limited has completed a Follow-on Equity Offering in the amount of SGD 10.008025 million. Sanli Environmental Limited has completed a Follow-on Equity Offering in the amount of SGD 10.008025 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 38,492,404
Price\Range: SGD 0.26
Discount Per Security: SGD 0.0104
Transaction Features: Subsequent Direct Listing Major Estimate Revision • Nov 25
Consensus EPS estimates fall by 24%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from S$170.2m to S$185.0m. EPS estimate fell from S$0.022 to S$0.017 per share. Net income forecast to grow 151% next year vs 45% growth forecast for Construction industry in Singapore. Consensus price target down from S$0.51 to S$0.48. Share price fell 3.4% to S$0.28 over the past week. Announcement • Nov 24
Sanli Environmental Limited has filed a Follow-on Equity Offering in the amount of SGD 10.008025 million. Sanli Environmental Limited has filed a Follow-on Equity Offering in the amount of SGD 10.008025 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 38,492,404
Price\Range: SGD 0.26
Discount Per Security: SGD 0.0104
Transaction Features: Subsequent Direct Listing Declared Dividend • Aug 02
Dividend reduced to S$0.0017 Dividend of S$0.0017 is 47% lower than last year. Ex-date: 28th August 2025 Payment date: 30th September 2025 Dividend yield will be 0.9%, which is lower than the industry average of 4.6%. Announcement • Jul 31
Sanli Environmental Limited Approves Tax Exempt (1-Tier) Final Dividend for the Financial Year Ended 31 March 2025 Sanli Environmental Limited at its Annual General Meeting held on 31 July 2025 approved a tax exempt (1-tier) final dividend of 0.173 Singapore cents per share for the financial year ended 31 March 2025. Announcement • Jul 16
Sanli Environmental Limited, Annual General Meeting, Jul 31, 2025 Sanli Environmental Limited, Annual General Meeting, Jul 31, 2025, at 10:00 Singapore Standard Time. Location: 22 chin bee drive, singapore 619870, Singapore Announcement • Jul 10
Sanli Environmental Limited has completed a Follow-on Equity Offering in the amount of SGD 4 million. Sanli Environmental Limited has completed a Follow-on Equity Offering in the amount of SGD 4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 33,333,333
Price\Range: SGD 0.12
Discount Per Security: SGD 0.0021
Transaction Features: Subsequent Direct Listing Announcement • Jul 03
Sanli Environmental Limited has filed a Follow-on Equity Offering in the amount of SGD 4 million. Sanli Environmental Limited has filed a Follow-on Equity Offering in the amount of SGD 4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 33,333,333
Price\Range: SGD 0.12
Discount Per Security: SGD 0.0021
Transaction Features: Subsequent Direct Listing New Risk • Jun 04
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 32% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (S$24.3m market cap, or US$18.8m). Announcement • May 30
Sanli Environmental Limited Proposes Final Dividend for 2025 Sanli Environmental Limited proposed a final dividend of 0.173 Singapore cents per share, which would constitute 30.0% of net profit attributable to owners of the Company in Financial year 2025 (as compared to the dividend payout ratio of 29.9% in Financial year 2024), despite a lower net profit in Financial year 2025. Reported Earnings • May 29
Full year 2025 earnings released Full year 2025 results: Revenue: S$157.6m (up 21% from FY 2024). Net income: S$1.54m (down 47% from FY 2024). Profit margin: 1.0% (down from 2.2% in FY 2024). The decrease in margin was driven by higher expenses. Buy Or Sell Opportunity • Apr 10
Now 27% overvalued Over the last 90 days, the stock has fallen 12% to S$0.084. The fair value is estimated to be S$0.066, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 26%. Buy Or Sell Opportunity • Nov 19
Now 23% overvalued Over the last 90 days, the stock has fallen 1.2% to S$0.084. The fair value is estimated to be S$0.069, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Oct 24
Now 25% overvalued Over the last 90 days, the stock has fallen 6.5% to S$0.087. The fair value is estimated to be S$0.069, 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 51%. Announcement • Oct 19
Sanli Environmental Limited Announces the Successful Completion of Installation of Its Solar Power Production System At the Mercure Koh Chang Hideaway Sanli Environmental Limited announced the successful completion of installation of its solar power production system at the Mercure Koh Chang Hideaway, which started electricity supply on 1 October 2024. This project highlights its dedication to delivering innovative and sustainable solutions that enhance operational efficiency while supporting regional environmental objectives. Buy Or Sell Opportunity • Sep 10
Now 21% overvalued Over the last 90 days, the stock has fallen 16% to S$0.084. The fair value is estimated to be S$0.069, 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 51%. Announcement • Jul 31
Sanli Environmental Limited Approves Final Dividend for the Financial Year Ended 31 March 2024, Payable on 30 September 2024 Sanli Environmental Limited at its AGM held on July 31, 2024 approved a tax exempt (1-tier) final dividend of 0.327 Singapore cents per share for the financial year ended 31 March 2024 and will be paid on 30 September 2024. Reported Earnings • Jul 22
Full year 2024 earnings released: EPS: S$0.011 (vs S$0.016 in FY 2023) Full year 2024 results: EPS: S$0.011 (down from S$0.016 in FY 2023). Revenue: S$130.6m (up 23% from FY 2023). Net income: S$2.92m (down 33% from FY 2023). Profit margin: 2.2% (down from 4.1% 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 51% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Jul 17
Sanli Environmental Limited, Annual General Meeting, Jul 31, 2024 Sanli Environmental Limited, Annual General Meeting, Jul 31, 2024, at 10:00 Singapore Standard Time. Location: 22 chin bee drive, singapore 619870, Singapore Buy Or Sell Opportunity • May 27
Now 27% undervalued Over the last 90 days, the stock has risen 5.1% to S$0.10. The fair value is estimated to be S$0.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Announcement • May 27
Sanli Environmental Limited Recommends A First and Final Dividend for 2024 The Board of Directors of Sanli Environmental Limited is recommending a first and final dividend of 0.327 Singapore cents per share for FY2024, which is subject to the approval of shareholders at the forthcoming annual general meeting of the Company to be held in July 2024. The final dividend payout constitutes approximately 29.8% of the profit after tax attributable to owners of the Company for FY2024. New Risk • May 25
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: 2.2% Last year net profit margin: 4.1% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (84% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.2% net profit margin). Market cap is less than US$100m (S$30.4m market cap, or US$22.5m). Buy Or Sell Opportunity • Jan 30
Now 22% undervalued Over the last 90 days, the stock has risen 4.0% to S$0.10. The fair value is estimated to be S$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 24% over the last 3 years. Earnings per share has grown by 76%. Board Change • Dec 15
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. 6 experienced directors. No highly experienced directors. Non-Executive Independent Director Latiff Bin Ibrahim was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • Aug 10
Now 23% undervalued Over the last 90 days, the stock is up 6.3%. The fair value is estimated to be S$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 13% over the last 3 years. Earnings per share has grown by 84%. Announcement • Jul 29
Sanli Environmental Limited Announces the Final Dividend for the Financial Year Ended 31 March 2023, Payable 31 August 2023 Sanli Environmental Limited announced the final dividend of 0.768 Singapore cents per ordinary share for the financial year ended 31 March 2023. The Final Dividend has been approved by the shareholders at the Annual General Meeting held on 28 July 2023 and will be paid on 31 August 2023. Reported Earnings • Jul 15
Full year 2023 earnings released: EPS: S$0.016 (vs S$0.007 in FY 2022) Full year 2023 results: EPS: S$0.016 (up from S$0.007 in FY 2022). Revenue: S$106.4m (up 65% from FY 2022). Net income: S$4.35m (up 145% from FY 2022). Profit margin: 4.1% (up from 2.7% 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 84% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Jul 14
Sanli Environmental Limited, Annual General Meeting, Jul 28, 2023 Sanli Environmental Limited, Annual General Meeting, Jul 28, 2023, at 10:00 Singapore Standard Time. Location: 28 Kian Teck Drive, Singapore 628845 Singapore Singapore Agenda: To receive and adopt the Directors' Statement and Audited Financial Statements for the financial year ended 31 March 2023 together with the Independent Auditor's Report thereon; to approve a tax exempt (1-tier) final dividend of 0.768 Singapore cents per share for the financial year ended 31 March 2023; to approve Directors' fees of SGD 125,000 for the financial year ended 31 March 2023; to re-appoint Messrs Deloitte & Touche LLP, as auditors of the Company and to authorise the Directors to fix their remuneration; to re-elect Mr Latiff Bin Ibrahim, a Director retiring pursuant to Regulation 108 of the Company's Constitution; and to discuss other matters. Reported Earnings • May 26
Full year 2023 earnings released Full year 2023 results: Revenue: S$106.4m (up 65% from FY 2022). Net income: S$4.35m (up 145% from FY 2022). Profit margin: 4.1% (up from 2.7% in FY 2022). The increase in margin was driven by higher revenue. Announcement • May 26
Sanli Environmental Limited Proposes Dividend Sanli Environmental Limited Proposed dividend of 0.768 Singapore cents per share that is subject to shareholders' approval at the upcoming AGM. Reported Earnings • Nov 19
First half 2023 earnings released First half 2023 results: Revenue: S$39.0m (up 40% from 1H 2022). Net income: S$1.48m (up 60% from 1H 2022). Profit margin: 3.8% (up from 3.3% in 1H 2022). Announcement • Jul 29
Sanli Environmental Limited Approves Tax Exempt (1-Tier) Final Dividend for the Financial Year Ended 31 March 2022 Sanli Environmental Limited at it's AGM approved a tax exempt (1-tier) final dividend of 0.375 Singapore cent per share for the financial year ended 31 March 2022. Announcement • Jul 14
Sanli Environmental Limited, Annual General Meeting, Jul 28, 2022 Sanli Environmental Limited, Annual General Meeting, Jul 28, 2022, at 10:00 Singapore Standard Time. Agenda: To receive and adopt the Directors' Statement and Audited Financial Statements for the financial year ended 31 March 2022 together with the Independent Auditor's Report thereon; to consider approve a tax exempt (1-tier) final dividend of 0.375 Singapore cents per share for the financial year ended 31 March 2022; to consider and approve Directors' fees of SGD 125,000 for the financial year ended 31 March 2022; to consider and re-elect Mr Sim Hock Heng, a Director retiring pursuant to Regulation 108 of the Company's Constitution; to consider and re-elect Mr Chan Hock Leong, a Director retiring pursuant to Regulation 108 of the Company's Constitution; to consider and re-appoint Messrs Deloitte & Touche LLP, as auditors of the Company and to authorise the Directors to fix their remuneration; and to consider other matter also. Reported Earnings • Jul 14
Full year 2022 earnings released: EPS: S$0.007 (vs S$0.001 in FY 2021) Full year 2022 results: EPS: S$0.007 (up from S$0.001 in FY 2021). Revenue: S$64.7m (up 6.9% from FY 2021). Net income: S$1.77m (up 436% from FY 2021). Profit margin: 2.7% (up from 0.5% in FY 2021). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Reported Earnings • May 29
Full year 2022 earnings: Revenues miss analyst expectations Full year 2022 results: Revenue: S$64.7m (up 6.9% from FY 2021). Net income: S$1.77m (up 436% from FY 2021). Profit margin: 2.7% (up from 0.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 7.4%. Announcement • May 28
Sanli Environmental Limited Proposes First and Final Dividend of 0.375 Singapore Cents Per Share, Subject to the Shareholders' Approval At the Upcoming Annual General Meeting Sanli Environmental Limited proposed first and final dividend of 0.375 Singapore cents per share, subject to the shareholders' approval at the upcoming Annual General Meeting. Announcement • Apr 15
Sanli Environmental Limited Announces Redesignation of Andrew Chua from General Manager to Managing Director of Enviro Plant & Engineering Pte. Ltd The Nominating Committee of the Sanli Environmental Limited having considered Mr. Andrew Chua's working experience and is of the view that Mr. Andrew Chua has the necessary working experience and ability to be appointed as Managing Director of Enviro Plant & Engineering Pte. Ltd., and thus recommend to the Board that he be re-designated from his current position as General Manager (Tender & Business Development Department) to Managing Director of Enviro Plant & Engineering Pte. Ltd., a wholly-owned subsidiary of the Group. In view of the aforementioned reasons and the recommendations from the NC, the Board has duly approved Mr. Andrew Chua's re-designation to Managing Director of Enviro Plant & Engineering Pte. Ltd. Role And Responsibilities: Executive. Responsible for the day-to-day operation of Enviro Plant & Engineering Pte. Ltd., to provide environmental engineering solutions for water and wastewater treatment, air pollution control and solid waste management in the industrial plant sector in Singapore and Southeast Asia countries. Job Title: Managing Director of Enviro Plant & Engineering Pte. Ltd. Recent Insider Transactions • Jul 22
Insider recently sold S$1.5m worth of stock On the 19th of July, Kian Boon Pek sold around 9m shares on-market at roughly S$0.17 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of S$1.7m more than they bought in the last 12 months. Announcement • Oct 18
Sanli Environmental Limited Appoints Latiff Bin Ibrahim as Non-Executive Independent Director Sanli Environmental Limited announced the appointment of Mr. Latiff Bin Ibrahim as Non-Executive Independent Director - NC Chairman, RC Member and AC Member. From 2013 - Present he is working in Ramdas & Wong as Consultant. Announcement • Oct 06
Sanli Environmental Limited Announces Cessation of Elaine Beh Pur-Lin as an Independent Director, Chairman of the Nominating Committee and Member of the Audit Committee and Remuneration Committee Sanli Environmental Limited announced that Ms. Elaine Beh Pur-Lin decided not to seek re-election and is retiring as an Independent Director of the Company at the conclusion of the Company's Annual General Meeting to be held on 25 September 2020, as well as relinquish her position as Chairman of the Nominating Committee and member of the Audit Committee and Remuneration Committee. 
