Upcoming Dividend • Apr 30
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 07 May 2026. Payment date: 22 May 2026. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Singaporean dividend payers (5.0%). In line with average of industry peers (2.3%). Announcement • Apr 14
Wee Hur Holdings Ltd., Annual General Meeting, Apr 29, 2026 Wee Hur Holdings Ltd., Annual General Meeting, Apr 29, 2026, at 11:00 Singapore Standard Time. Location: aloft singapore novena, 16 ah hood road, singapore 329982, Singapore Major Estimate Revision • Mar 06
Consensus revenue estimates increase by 21% The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from S$307.4m to S$370.9m. EPS estimate unchanged from S$0.042 at last update. Construction industry in Singapore expected to see average net income growth of 21% next year. Consensus price target of S$0.93 unchanged from last update. Share price fell 10% to S$0.71 over the past week. New Risk • Mar 04
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 21% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Mar 02
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: S$0.074 (up from S$0.059 in FY 2024). Revenue: S$295.4m (up 47% from FY 2024). Net income: S$68.4m (up 27% from FY 2024). Profit margin: 23% (down from 27% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.0%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Construction industry in Singapore. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Mar 02
Final dividend of S$0.01 announced Shareholders will receive a dividend of S$0.01. Ex-date: 7th May 2026 Payment date: 22nd May 2026 Dividend yield will be 1.9%, which is lower than the industry average of 4.6%. Sustainability & Growth Dividend is well covered by both earnings (6% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 5.1% over the next 2 years. However, it would need to fall by 94% to increase the payout ratio to a potentially unsustainable range. Major Estimate Revision • Nov 26
Consensus EPS estimates increase by 41% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from S$281.4m to S$293.1m. EPS estimate increased from S$0.057 to S$0.08 per share. Net income forecast to grow 95% next year vs 45% growth forecast for Construction industry in Singapore. Consensus price target up from S$0.91 to S$0.93. Share price was steady at S$0.70 over the past week. Major Estimate Revision • Aug 25
Consensus EPS estimates fall by 18%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from S$262.5m to S$281.4m. EPS estimate fell from S$0.069 to S$0.057 per share. Net income forecast to grow 81% next year vs 69% growth forecast for Construction industry in Singapore. Consensus price target of S$0.77 unchanged from last update. Share price rose 4.4% to S$0.71 over the past week. Reported Earnings • Aug 20
First half 2025 earnings released: EPS: S$0.042 (vs S$0.072 in 1H 2024) First half 2025 results: EPS: S$0.042 (down from S$0.072 in 1H 2024). Revenue: S$156.0m (up 43% from 1H 2024). Net income: S$38.7m (down 42% from 1H 2024). Profit margin: 25% (down from 61% in 1H 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Construction industry in Singapore. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 18
First half dividend of S$0.005 announced Shareholders will receive a dividend of S$0.005. Ex-date: 21st August 2025 Payment date: 5th September 2025 Dividend yield will be 12%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 82% over the next 3 years. Since a fall of 81% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. New Risk • Aug 06
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 14% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 14% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (27% net profit margin). New Risk • May 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 Singaporean stocks, typically moving 8.7% 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 (8.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (27% net profit margin). Significant insider selling over the past 3 months (S$545k sold). Recent Insider Transactions • May 08
Non-Executive Director recently sold S$545k worth of stock On the 5th of May, Yew Gee Goh sold around 1m shares on-market at roughly S$0.55 per share. This transaction amounted to 5.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Buy Or Sell Opportunity • May 05
Now 22% undervalued Over the last 90 days, the stock has risen 9.3% to S$0.53. The fair value is estimated to be S$0.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 69% in the next 2 years. Upcoming Dividend • May 01
Upcoming dividend of S$0.078 per share Eligible shareholders must have bought the stock before 08 May 2025. Payment date: 23 May 2025. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Singaporean dividend payers (6.0%). Lower than average of industry peers (3.6%). Reported Earnings • Apr 18
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: S$0.059 (down from S$0.15 in FY 2023). Revenue: S$200.8m (down 11% from FY 2023). Net income: S$54.0m (down 60% from FY 2023). Profit margin: 27% (down from 60% in FY 2023). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 54%. Revenue is forecast to grow 1.1% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Construction industry in Asia. 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 32% per year, which means it is significantly lagging earnings growth. Announcement • Apr 15
Wee Hur Holdings Ltd., Annual General Meeting, Apr 30, 2025 Wee Hur Holdings Ltd., Annual General Meeting, Apr 30, 2025, at 11:00 Singapore Standard Time. Location: aloft singapore novena, 16 ah hood road, singapore 329982, Singapore Announcement • Mar 18
Wee Hur Holdings Ltd. Appoints John Chng Kheng Pheng as Chief of Staff (Cio Office) Wee Hur Holdings Ltd. appointed John Chng Kheng Pheng as Chief of Staff (Cio Office). Working Experience: July 2014 - July 2016 Manager, ZACD International Pte. Ltd. (Fund Management) August 2016 - December 2017 Head of Business Operations, ZACD Capital Pte. Ltd. (Fund Management) July 2018 - June 2020 Assistant Investment Manager, Wee Hur Capital Pte. Ltd. (Fund Management) July 2020 - October 2022 Portfolio Manager, Wee Hur Capital Pte. Ltd. (Fund Management) November 2022 - Present Director, The Beyondpartners Pte. Ltd. (Fund Management). Professional Qualifications: Bachelor's Degree, Business Administration (Macquarie University) Executive Education - Real Estate Portfolio & Risk Management (NUS Business School) Diploma, Business Administration (Sydney Institute of Business and Technology) Diploma, Business Studies (Ngee Ann Polytechnic). Appointment Date 17 March 2025. Reported Earnings • Mar 01
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: S$0.059 (down from S$0.15 in FY 2023). Revenue: S$200.8m (down 11% from FY 2023). Net income: S$54.0m (down 60% from FY 2023). Profit margin: 27% (down from 60% in FY 2023). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 54%. 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 34% per year, which means it is significantly lagging earnings growth. Announcement • Mar 01
Wee Hur Holdings Ltd. Proposes Final Tax Exempt (1- Tier) Dividend for the Financial Year Ended 31 December 2024, Payable on 23 May 2025 Wee Hur Holdings Ltd. announced subject to the members' approval at the forthcoming Annual General Meeting of the Company, the Transfer Books and Register of Members of the Company will be closed at 5.00 p.m. on 9 May 2025 for the purpose of determining members' entitlement to the proposed final tax exempt (1- tier) dividend of SGD 0.008 per ordinary share for the financial year ended 31 December 2024. The FY2024 Final Dividend, if approved, will be paid on 23 May 2025 to members registered in the books of the Company on 9 May 2025. New Risk • Feb 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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 Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). New Risk • Jan 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 12% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (8.8% average weekly change). Announcement • Oct 24
Potential Sale of Wee Hur's Aussie Student Housing Fuels Stock Rally Wee Hur Holdings Ltd. (SGX:E3B) shares have been rallying over the past week on speculation over the possible sale of its purpose-built student accommodation (PBSA) business in Australia. The rally was triggered by an Oct. 15 Australian Financial Review (AFR) report that US multifamily fund Greystar was acquiring GIC's PBSA business for AUD 1.6 billion (SGD 1.4 billion). The article in the daily claimed that Wee Hur, which sold GIC a 49.9% stake in the same PBSA business in April 2022, is expected to retain a stake as GIC transfers ownership of its holding to Greystar. Wee Hur, run by executive chairman Goh Yew Lian and his son and chief investment officer Goh Wee Ping, issued a clarification on Oct. 17 to say that no material transactions had occurred involving those assets. But the company disclosed it is currently engaged in "early-stage confidential discussions with a third party", which "may or may not lead to a transaction". The group said there "is no certainty whatsoever that these discussions will result in any definitive agreement or transaction materialising". Nevertheless, the news has stirred quite a bit of excitement in the market, sending the stock up 19.4% last week to 43 cents. It jumped another 10.5% to 47.5 cents on Oct. 22. But with the company remaining largely tight-lipped since its initial statement, there has been some confusion and speculation over the impact of this development. Reported Earnings • Aug 13
First half 2024 earnings released: EPS: S$0.072 (vs S$0.01 in 1H 2023) First half 2024 results: EPS: S$0.072 (up from S$0.01 in 1H 2023). Revenue: S$109.1m (up 10.0% from 1H 2023). Net income: S$66.5m (up S$56.3m from 1H 2023). Profit margin: 61% (up from 10% in 1H 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 10
First half dividend of S$0.002 announced Shareholders will receive a dividend of S$0.002. Ex-date: 22nd August 2024 Payment date: 6th September 2024 Dividend yield will be 2.7%, which is lower than the industry average of 4.6%. Sustainability & Growth Dividend is well covered by both earnings (3% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 64% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 27
Wee Hur Holdings Ltd. Announces Board and Committee Changes Wee Hur Holdings Ltd. announced that at the AGM was held on April 26, 2024, the company approved Mr. Teo Choon Kow @ William Teo ("Mr Teo"), who has stepped down as a Director of theCompany at the conclusion of AGM, also relinquished his position as Chairman of he AC and RC and a member of the NC with effect from 26 April 2024. Mr. Wong Kwan Seng Robert ("Mr Wong"), who has stepped down as a Director of the companyat the conclusion of AGM, also relinquished his position as Chairman of the C and member of the AC and RC with effect from 26 April 2024. Dr.Foo Say Mui ("Dr Foo"), who has been appointed as a Director of the Company at the AGMis considered by the Board of Directors of the Company to be independent or the purpose of Rule 704(8) of the Listing Manual of the SGX-ST. Dr.Foo has also been appointed as the is Lead Independent Director of the Company, he Chairman of the AC and RC and a member of the NC. Mr. Lye has also been appointed as the Chairman of the NC and member of the AC nd RC. Following the changes to the Directors of the Company, the composition of the Board nd the Board Committees of the Company shall be as follows: Board of Directors:- Mr. Goh Yeow Lian (Executive Chairman and Managing Director), Mr. Goh Yew Tee (Executive Director and Deputy Managing Director), Mr. Goh Yeo Hwa (Executive Director), Mr. Goh Yew Gee (Non-Executive Director), Dr.Foo Say Mui (Lead Independent Director), Mr. Lye Hoong Yip Raymond (Non-Executive Independent Director). Audit Committee:- Dr.Foo Say Mui (Chairman), r Lye Hoong Yip Raymond (Member). Goh Yew Gee (Member). Nominating Committee:- Mr. Lye Hoong Yip Raymond (Chairman), Dr.Foo Say Mui (Member), Goh Yew Gee (Member). Remuneration Committee:- Dr.Foo Say Mui (Chairman), Mr. Lye Hoong Yip Raymond (Member),Goh Yew Gee (Member). Lye Hoong Yip Raymond working experience is 2014 to present - Managing Partner of Union Law LLP 2018 to present - Deputy President of Strata Titles Board. Director Experience Details: 1. 2009 to present - Independent Director of Goodland Group Ltd. 2. 2024 to present - Independent Director of Serial System Ltd. 3. 2011-2019 - Independent Director of 800 Super Holding Ltd. 4. 2015 to 2020 - Independent Director of SK Jewellery Group Ltd. Professional Qualifications are Graduate Certificate in International Arbitration of National University of Singapore Admitted to the Singapore Bar Bachelor of Laws (Honours) (LLB) of National University of Singapore. Other DirectorShips Past: 1. Independent Director of 800 Super Holding Ltd. 2. Independent Director of SK Jewellery Group Ltd. Other DirectorShips Present: 1. Independent Director of Goodland Group Ltd. 2. Independent Director of Serial System Ltd. Foo Say Mui's working Experience is 2011 to 2015 Vice Chairman, South and Southeast Asia of Australia & New Zealand Banking Group Ltd. ("ANZ") 1999 to 2011 CEO /General Manager of ANZ. Professional Qualifications are Bachelor of Business Administration of Concordia University Master of Business Administration of McGill University Honorary Doctor of Commerce of James Cook University Australia. Director Experience Details:- 1. 2017 to present - Non-Executive Director of Kenon Holdings Ltd. 2. 2016 to present - Non-Executive Chairman of Tung Lok Restaurants (2000) Ltd. 3. 2017 to present - Lead Independent Director of M&C REIT Management Ltd. & M&C Business Trust Management Ltd. 4. Director on the Board of Academies Australasia Group Limited, an ASX-listed company (until October 2016) 5. Director in I.C. Power Asia Development Ltd. and IC Power Ltd. (until January 2018 and February 2018 respectively) 6. Lead Independent Director of Mewah International Inc. (until 26 April 2024). Other DirectorShips Present:- 1. Non-Executive Director of Kenon Holdings Ltd. 2. Non-Executive Chairman of Tung Lok Restaurants (2000) Ltd. 3. Non-Executive Director of Tower Capital Asia Pte. Ltd. 4. Executive Director of Business Circle Singapore Pte. Ltd. 5. Non-Executive Director of Agrocorp International Pte. Ltd. 6. Lead Independent Director of M&C REIT Management Ltd. & M&C Business Trust Management Ltd. 7. Non-Executive Chairman of Investible Funds VCC . Other DirectorShips Past:- 1. Lead Independent Director of Mewah International Inc. (until 26 April 2024). Reported Earnings • Apr 16
Full year 2023 earnings released: EPS: S$0.15 (vs S$0.10 loss in FY 2022) Full year 2023 results: EPS: S$0.15 (up from S$0.10 loss in FY 2022). Revenue: S$224.8m (up 4.1% from FY 2022). Net income: S$134.0m (up S$230.3m from FY 2022). Profit margin: 60% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year. Announcement • Apr 11
Wee Hur Holdings Ltd., Annual General Meeting, Apr 26, 2024 Wee Hur Holdings Ltd., Annual General Meeting, Apr 26, 2024, at 11:00 Singapore Standard Time. Location: Aloft Singapore Novena, 16 Ah Hood Road Singapore Singapore Agenda: To receive and adopt the Directors' Statement, Auditor's Report and Audited Financial Statements for the financial year ended 31 December 2023; to declare the payment of a final tax exempt (one-tier) dividend of $0.004 per ordinary share for the financial year ended 31 December 2023; to approve the payment of Directors' fees of $183,757 for the financial year ending 31 December 2024; to re-elect Mr Goh Yeo Hwa, a Director retiring under Regulation 109 of the Company's Constitution; to re-elect Mr Goh Yew Gee, a Director retiring under Regulation 109 of the Company's Constitution; to re-appoint PricewaterhouseCoopers LLP as Independent Auditor and to authorise the Directors to fix their remuneration; and to consider other matters. Declared Dividend • Mar 01
Final dividend of S$0.004 announced Shareholders will receive a dividend of S$0.004. Ex-date: 8th May 2024 Payment date: 23rd May 2024 Dividend yield will be 3.3%, which is lower than the industry average of 4.6%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: S$0.14 (vs S$0.10 loss in FY 2022) Full year 2023 results: EPS: S$0.14 (up from S$0.10 loss in FY 2022). Revenue: S$224.8m (up 4.1% from FY 2022). Net income: S$134.0m (up S$230.3m from FY 2022). Profit margin: 60% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. New Risk • Feb 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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: Major Risk Earnings have declined by 67% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Board Change • Oct 11
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. 3 experienced directors. 6 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Robert Wong was the last independent director to join the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Sep 08
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. 3 experienced directors. 6 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Robert Wong was the last independent director to join the board, commencing their role in 2007. 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 • Aug 12
First half 2023 earnings released: EPS: S$0.01 (vs S$0.007 in 1H 2022) First half 2023 results: EPS: S$0.01 (up from S$0.007 in 1H 2022). Revenue: S$99.2m (down 16% from 1H 2022). Net income: S$10.2m (up 56% from 1H 2022). Profit margin: 10% (up from 5.5% in 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Announcement • Aug 12
Wee Hur Holdings Ltd. Proposes Interim Tax Exempt (1-Tier) Dividend for the Financial Year Ending December 31, 2023, Payable on September 8, 2023 Wee Hur Holdings Ltd. proposed interim tax exempt (1-tier) dividend of SGD 0.002 per ordinary share for the financial year ending 31 December 2023 (the FY2023 Interim Dividend). Duly completed transfers received by the Company's Registrar, Boardroom Corporate & Advisory Services Pte Ltd. of 1 Harbourfront Avenue, Keppel Bay Tower#14-07, Singapore 098632 up to the close of business at 5:00 p.m. on 25 August 2023 will be registered to determine members' entitlement to the FY2023 InterimDividend. In respect of shares in securities accounts with the Central Depository (Pte) Limited ("CDP"), the FY2023 Interim Dividend will be paid by the Company to CDP which willin turn distribute the FY2023 Interim Dividend entitlements to holders of shares in accordance with its practice. The FY2023 Interim Dividend will be paid on 8 September 2023 to members registered in the books of the Company on 25 August 2023. Announcement • Aug 02
Wee Hur Holdings Ltd. Promotes Goh Wee Ping as Chief Investment Officer Wee Hur Holdings Ltd.,announced the promotion/re-designation of Mr. Goh Wee Ping (age 37) as its Chief Investment Officer ("CIO") with effect from 1 Aug. 2023. As CIO, Mr. Goh is chiefly responsible for the strategic management and oversight of the Group's investment portfolio, covering areas of investment strategy, capital allocation, cash flow management, risk management and portfolio management. He shall align the capital deployed with the Group's long-term objectives, ensuring optimal returns commensurate with its risk appetite and market conditions. He will work hand in hand with the other Group executives tomonitor and report performance to the Board regularly. Since joining the Group in 2012, Mr. Goh has been involved in both the construction and Singapore property development arm. In 2014, Mr. Goh spearheaded the diversification of the Group's real estate business by leading the expansion into Australia, which eventually led him to helm Wee Hur Capital Pte. Ltd., a wholly owned subsidiary of the Group, in 2017 as its CEO. Over the past 6 years, Mr. Goh has successfully built up the Group's fund management business with approximately SGD 1.3BN AUM currently in the purpose-built student accommodation space in Australia. While building up the Group's capabilities in fund management as the CEO of Wee Hur Capital Pte. Ltd., Mr. Goh has also prudently helped the Group explore and diversify into other financial asset classes like private equity, venture capital and private credit etc., setting the stage for further growth in the next decade. Mr. Goh holds a Bachelor of Engineering (Civil Engineering) from the National University of Singapore. He will continue to hold his appointment as CEO of Wee Hur Capital Pte. Ltd. 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 8.1% 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 45% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). Reported Earnings • Apr 15
Full year 2022 earnings released: S$0.10 loss per share (vs S$0.062 loss in FY 2021) Full year 2022 results: S$0.10 loss per share (further deteriorated from S$0.062 loss in FY 2021). Revenue: S$215.9m (up 14% from FY 2021). Net loss: S$96.3m (loss widened 70% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Board Change • Mar 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. 3 experienced directors. 6 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Robert Wong was the last independent director to join the board, commencing their role in 2007. 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 • Mar 02
Full year 2022 earnings released: S$0.036 loss per share (vs S$0.001 profit in FY 2021) Full year 2022 results: S$0.036 loss per share (down from S$0.001 profit in FY 2021). Revenue: S$215.9m (up 7.7% from FY 2021). Net loss: S$96.3m (down S$96.9m from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Buying Opportunity • Feb 14
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 1.5%. The fair value is estimated to be S$0.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Meanwhile, the company has become profitable. Recent Insider Transactions • Dec 09
Co-Founder recently bought S$200k worth of stock On the 5th of December, Yeow Lian Goh bought around 1m shares on-market at roughly S$0.20 per share. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Yeow Lian's only on-market trade for the last 12 months. Board Change • Nov 17
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. 3 experienced directors. 6 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Robert Wong was the last independent director to join the board, commencing their role in 2007. 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 • Aug 14
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up S$25.0m from 1H 2021). Profit margin: (up from net loss in 1H 2021). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Aug 13
Wee Hur Holdings Ltd. Proposes Interim Tax Exempt Dividend for the Financial Year Ending December 31, 2022, Payable on September 09, 2022 Wee Hur Holdings Ltd. proposed interim tax exempt (1-tier) dividend of SGD 0.002 per ordinary share for the financial year ending December 31, 2022. The fiscal year 2022 interim dividend will be paid on September 09, 2022 to members registered in the books of the company on August 26, 2022. Announcement • May 10
Wee Hur Holdings Ltd. Approves Payment of the Final Tax Exempt (One-Tier) Dividend for the Financial Year Ended December 31, 2021, Payable on May 20, 2022 Wee Hur Holdings Ltd. approved payment of the final tax exempt (one-tier) dividend of SGD 0.003 per ordinary share for the financial year ended December 31, 2021, Payable on May 20, 2022 to the member registered in the books of the Company on May 6, 2022. The dividend was approved at the annual general meeting held on April 29, 2022. Board Change • Apr 27
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. 3 experienced directors. 6 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Robert Wong was the last independent director to join the board, commencing their role in 2007. 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 • Apr 15
Full year 2021 earnings released: EPS: S$0.001 (vs S$0.027 in FY 2020) Full year 2021 results: EPS: S$0.001 (down from S$0.027 in FY 2020). Revenue: S$200.4m (up 5.5% from FY 2020). Net income: S$662.0k (down 97% from FY 2020). Profit margin: 0.3% (down from 13% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Apr 14
Wee Hur Holdings Ltd., Annual General Meeting, Apr 29, 2022 Wee Hur Holdings Ltd., Annual General Meeting, Apr 29, 2022, at 11:30 Singapore Standard Time. Agenda: To adopt the Directors' Statement, Auditor's Report and Audited Financial Statements; to declare a Final Dividend; to approve the Directors' Fees for the financial year ending 31 December 2022; to re-elect Mr. Goh Yeow Lian, a Director retiring under Regulation 109 of the Company's Constitution; to re-elect Mr. Goh Yew Tee, a Director retiring under Regulation 109 of the Company's Constitution; to re-appoint PricewaterhouseCoopers LLP as Independent Auditor and to authorise the Directors to fix their remuneration; to approve the Share Issue Mandate; and to approve the renewal of Mandate for Interested Person Transactions. Announcement • Mar 03
Wee Hur Holdings Ltd. Proposes Final Tax (1-Tier) Exempt Dividend for the Year Ended 31 December 2021, Payable on May 20, 2022 Wee Hur Holdings Ltd. proposed final tax exempt (1-tier) dividend of SGD 0.003 per ordinary share for the financial year ended 31 December 2021. Duly completed transfers received by the Company's Registrar, Boardroom Corporate & Advisory Services Pte Ltd. of 1 Harbourfront Avenue, #14-07 Keppel Bay Tower, Singapore 098632 up to the close of business at 5.00 p.m. on 6 May 2022 will be registered to determine the members' entitlement to the FY2021 Final Dividend. The FY2021 Final Dividend, if approved, will be paid on 20 May 2022 to members registered in the books of the Company on 6 May 2022. Reported Earnings • Mar 03
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: S$0.001 (down from S$0.031 in FY 2020). Revenue: S$200.4m (up 5.5% from FY 2020). Net income: S$662.0k (down 98% from FY 2020). Profit margin: 0.3% (down from 15% in FY 2020). Revenue was in line with analyst estimates. 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 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 18
First half 2021 earnings released: S$0.027 loss per share (vs S$0.016 profit in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and control over costs. First half 2021 results: Revenue: S$85.5m (down 15% from 1H 2020). Net loss: S$25.0m (down 274% from profit in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • May 25
Wee Hur Holdings Ltd. Announces Payment of the Final Tax Exempt (One-Tier) Dividend for the Financial Year Ended 31 December 2020 Wee Hur Holdings Ltd., at its AGM held on April 28, 2021, approved payment of the final tax exempt (one-tier) dividend of SGD 0.003 per ordinary share for the financial year ended 31 December 2020. Reported Earnings • Mar 02
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: S$189.9m (down 1.0% from FY 2019). Net income: S$28.5m (down 18% from FY 2019). Profit margin: 15% (down from 18% in FY 2019). Is New 90 Day High Low • Jan 08
New 90-day high: S$0.21 The company is up 10.0% from its price of S$0.20 on 09 October 2020. The Singaporean market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is up 8.0% over the same period. Is New 90 Day High Low • Nov 25
New 90-day high: S$0.21 The company is up 12% from its price of S$0.19 on 27 August 2020. The Singaporean market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 4.0% over the same period.