Reported Earnings • May 31
Full year 2026 earnings released: S$0.008 loss per share (vs S$0.005 profit in FY 2025) Full year 2026 results: S$0.008 loss per share (down from S$0.005 profit in FY 2025). Revenue: S$44.2m (down 49% from FY 2025). Net loss: S$5.83m (down 270% from profit in FY 2025). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Apr 02
King Wan Corporation Limited to Report Fiscal Year 2026 Results on May 30, 2026 King Wan Corporation Limited announced that they will report fiscal year 2026 results on May 30, 2026 Announcement • Jan 12
King Wan Corporation Limited has completed a Follow-on Equity Offering in the amount of SGD 3.5 million. King Wan Corporation Limited has completed a Follow-on Equity Offering in the amount of SGD 3.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 70,000,000
Price\Range: SGD 0.05
Transaction Features: Subsequent Direct Listing Announcement • Dec 18
King Wan Corporation Limited has filed a Follow-on Equity Offering in the amount of SGD 3.5 million. King Wan Corporation Limited has filed a Follow-on Equity Offering in the amount of SGD 3.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 70,000,000
Price\Range: SGD 0.05
Transaction Features: Subsequent Direct Listing Reported Earnings • Jul 18
Full year 2025 earnings released: EPS: S$0.005 (vs S$0.018 in FY 2024) Full year 2025 results: EPS: S$0.005 (down from S$0.018 in FY 2024). Revenue: S$86.8m (down 9.2% from FY 2024). Net income: S$3.44m (down 72% from FY 2024). Profit margin: 4.0% (down from 13% in FY 2024). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jul 15
King Wan Corporation Limited, Annual General Meeting, Jul 31, 2025 King Wan Corporation Limited, Annual General Meeting, Jul 31, 2025, at 10:00 Singapore Standard Time. Location: 8 sungei kadut loop, singapore 729455, Singapore Reported Earnings • May 30
Full year 2025 earnings released: EPS: S$0.005 (vs S$0.018 in FY 2024) Full year 2025 results: EPS: S$0.005 (down from S$0.018 in FY 2024). Revenue: S$86.8m (down 9.2% from FY 2024). Net income: S$3.44m (down 72% from FY 2024). Profit margin: 4.0% (down from 13% in FY 2024). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Jul 16
King Wan Corporation Limited, Annual General Meeting, Jul 31, 2024 King Wan Corporation Limited, Annual General Meeting, Jul 31, 2024, at 10:00 Singapore Standard Time. Location: 8 sungei kadut loop, singapore 729455, Singapore New Risk • Jun 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% 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: Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (S$20.3m market cap, or US$15.0m). New Risk • Jun 09
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 Singaporean stocks, typically moving 8.3% 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 (8.3% average weekly change). Market cap is less than US$100m (S$20.3m market cap, or US$15.0m). Reported Earnings • Jun 05
Full year 2024 earnings released: EPS: S$0.018 (vs S$0.007 loss in FY 2023) Full year 2024 results: EPS: S$0.018 (up from S$0.007 loss in FY 2023). Revenue: S$95.5m (up 3.3% from FY 2023). Net income: S$12.4m (up S$17.2m from FY 2023). Profit margin: 13% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. New Risk • Jun 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. 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 September 2023 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (S$21.6m market cap, or US$16.0m). Announcement • May 31
King Wan Corporation Limited Announces Board Changes King Wan Corporation Limited announced the following: cessation of Mr. Chua Kim Hua as the non-executive chairman of the board with effect from 30 June 2024; and appointment of Dr. Teo Ho Pin as the independent non-executive chairman of the board with effect from 1 July 2024. Board Change • May 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. 4 highly experienced directors. Independent Non-Executive Director Ho Pin Teo was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Aug 20
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 Singaporean 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 Earnings have declined by 0.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (S$18.9m market cap, or US$13.9m). Reported Earnings • Jul 15
Full year 2023 earnings released: S$0.007 loss per share (vs S$0.001 profit in FY 2022) Full year 2023 results: S$0.007 loss per share (down from S$0.001 profit in FY 2022). Revenue: S$92.4m (up 20% from FY 2022). Net loss: S$4.79m (down S$5.40m from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Announcement • Jul 14
King Wan Corporation Limited, Annual General Meeting, Jul 31, 2023 King Wan Corporation Limited, Annual General Meeting, Jul 31, 2023, at 10:00 Singapore Standard Time. Location: 8 Sungei Kadut Loop Singapore Singapore Agenda: To receive and adopt the Directors' Statements, Audited Financial Statements and Auditor's Report for the financial year ended 31 March 2023; to re-elect Mr. Chua Hai Kuey as Director; to re-elect Ms. Siraarpa Siriviriyakul as Director; and to consider any other matters; To approve the Directors' fees of $258,000 for the financial year ending 31 March 2024 (2023 : $272,000), payable quarterly in arrears; To re-appoint BDO LLP as independent auditor of the Company and to authorise the Directors to fix its remuneration; and to consider other matters if any. Announcement • Jul 01
King Wan Corporation Limited Announces Nominating Committee Changes The Board of Directors of King Wan Corporation Limited announced that with effect from 1 July 2023, Ms. Chua Eng Eng, Managing Director of the Company has been appointed as a member of the Nominating Committee of the Company in place of Mr. Chua Kim Hua, Non-Independent Non-Executive Chairman of the Company. Following the aforesaid change, the composition of the Nominating Committee will comprise the following members: Tang Siew Foo David (Chairman)- Independent Non-Executive Director (also the Lead Independent Director), Chua Eng Eng-Executive Director and Managing Director, Siraarpa Siriviriyakul- Independent Non-Executive Director. Reported Earnings • May 30
Full year 2023 earnings released: S$0.007 loss per share (vs S$0.001 profit in FY 2022) Full year 2023 results: S$0.007 loss per share (down from S$0.001 profit in FY 2022). Revenue: S$92.4m (up 20% from FY 2022). Net loss: S$4.79m (down S$5.40m from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 19
First half 2023 earnings released: S$0.007 loss per share (vs S$0.001 profit in 1H 2022) First half 2023 results: S$0.007 loss per share (down from S$0.001 profit in 1H 2022). Revenue: S$41.2m (up 16% from 1H 2022). Net loss: S$5.06m (down S$5.49m from profit in 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance. Announcement • Nov 12
King Wan Corporation Limited Provides Preliminary Unaudited Group Earnings Guidance for the Half Year Ended 30 September 2022 and Full Year Ending 31 March 2023 King Wan Corporation Limited provided preliminary unaudited group earnings guidance for the half year ended 30 September 2022 and full year ending 31 March 2023. For the half year, the group expects to report a net loss, due to operating losses arising from the increase in material and manpower costs for pre-pandemic projects amid the challenging economic conditions.For the full year, the group expects to report a loss, due to operating losses arising from the increase in material and manpower costs for pre-pandemic projects amid the challenging economic conditions. Reported Earnings • Jul 15
Full year 2022 earnings released: EPS: S$0.001 (vs S$0.004 loss in FY 2021) Full year 2022 results: EPS: S$0.001 (up from S$0.004 loss in FY 2021). Revenue: S$77.2m (up 68% from FY 2021). Net income: S$605.0k (up S$2.09m from FY 2021). Profit margin: 0.8% (up from net loss in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 36 percentage points per year, which is a significant difference in performance. Announcement • Jul 14
King Wan Corporation Limited, Annual General Meeting, Jul 29, 2022 King Wan Corporation Limited, Annual General Meeting, Jul 29, 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 Auditors' Report thereon; to re-elect Mr. Chua Kim Hua, who is retiring in accordance with Regulation 115 of the Company's Constitution, as a Director of the Company; to re-elect Mr. Tang Siew Foo David, who is retiring in accordance with Regulation 115 of the Company's Constitution, as a Director of the Company; to approve the Directors' fees of $272,000 for the financial year ending 31 March 2023 (2022: $172,000), payable quarterly in arrears; and to re-appoint BDO LLP as independent auditor of the Company and to authorise the Directors to fix its remuneration. Announcement • Jul 03
King Wan Corporation Limited Announces Executive Changes The Board of Directors of King Wan Corporation Limited announced that with effect from 1 July 2022, Mr. Chua Kim Hua will be re- designated from Executive Chairman to Non-Independent Non-Executive Chairman. Consequential to the above change, the composition of the Board of the Company shall be as follow: Chua Kim Hua - Non-Independent Non-Executive Chairman. Chua Eng Eng - Executive Director and Managing Director. Chua Hai Kuey - Executive Director. Independent Non-Executive Director (also the Lead Tang Siew Foo David - Independent Director). Teo Ho Pin - Independent Non-Executive Director. Siraarpa Siriviriyakul - Independent Non-Executive Director. Reported Earnings • Jun 01
Full year 2022 earnings released: EPS: S$0.001 (vs S$0.004 loss in FY 2021) Full year 2022 results: EPS: S$0.001 (up from S$0.004 loss in FY 2021). Revenue: S$77.2m (up 68% from FY 2021). Net income: S$605.0k (up S$2.09m from FY 2021). Profit margin: 0.8% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 31 percentage points per year, which is a significant difference in performance. Announcement • Feb 04
King Wan Corporation Limited Appoints Chua Yong Bin as Chief Risk & Strategy Officer, Effective February 4, 2022 King Wan Corporation Limited announced appointment of Mr. Chua Yong Bin as the Company's Chief Risk & Strategy Officer, effective February 4, 2022. The Board of Directors of the Company has reviewed and considered Mr. Chua Yong Bin's professional qualification, educational background and his working experience and is of the opinion that he is suitable for the role of the Chief Risk & Strategy Officer of the Company. Mr. Chua Yong Bin will be responsible for overseeing the strategy planning, business development and information technology. Working Experience - July 2020 - Present Director & Co-Founder, OLPN Private Limited December 2018 - July 2020 Vice President, J.P. Morgan March 2018 - December 2018 Vice President, Sino Suisse Capital June 2011 - March 2018 Vice President, J.P. Morgan. Reported Earnings • Nov 13
First half 2022 earnings released The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up S$1.83m from 1H 2021). Profit margin: (up from net loss in 1H 2021). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Announcement • Sep 08
King Wan Corporation Limited has completed a Follow-on Equity Offering in the amount of SGD 6.983537 million. King Wan Corporation Limited has completed a Follow-on Equity Offering in the amount of SGD 6.983537 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 349,176,870
Price\Range: SGD 0.02
Transaction Features: Rights Offering Executive Departure • Aug 05
Lead Independent Non-Executive Director Chee Wee Goh has left the company On the 30th of July, Chee Wee Goh's tenure as Lead Independent Non-Executive Director ended after 20.7 years in the role. We don't have any record of a personal shareholding under Chee Wee's name. Chee Wee is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 14.50 years. Reported Earnings • Jul 16
Full year 2021 earnings released: S$0.004 loss per share (vs S$0.001 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: S$45.9m (down 37% from FY 2020). Net loss: S$1.49m (down 455% from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Reported Earnings • May 28
Full year 2021 earnings released: S$0.004 loss per share (vs S$0.001 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: S$45.9m (down 37% from FY 2020). Net loss: S$1.49m (down 454% from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Announcement • Feb 10
King Wan Corporation Limited Wins SGD 8.1 Million Worth of New M&E Contracts King Wan Corporation Limited announced that it has secured new mechanical and electrical (M&E) projects in Singapore during the period from October 2020 to January 2021, worth a total of SGD 8.1 million. New projects secured include: Additions and alterations and interior fitting out works to office building at Changi Road; and Design, supply and installation of plumbing, sanitary and LPG works to Temporary Worker's Dormitory (Total: 5000 workers) at Sengkang West Industrial Estate (Sengkang Planning Area). These projects are scheduled to be completed by 2021. Reported Earnings • Feb 10
Third quarter 2021 earnings released The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: S$15.6m (down 20% from 3Q 2020). Net income: S$304.8k (up 62% from 3Q 2020). Profit margin: 2.0% (up from 1.0% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Announcement • Nov 06
King Wan Corporation Limited to Report First Half, 2021 Results on Nov 14, 2020 King Wan Corporation Limited announced that they will report first half, 2021 results on Nov 14, 2020 Announcement • Sep 18
King Wan Corporation Limited Auditor Raises 'Going Concern' Doubt King Wan Corporation Limited filed its Annual on Sep 13, 2020 for the period ending Mar 31, 2020. In this report its auditor, Deloitte & Touche LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.