Board Change • Jun 02
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. 3 experienced directors. 3 highly experienced directors. Executive Director Alan Yu 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. Reported Earnings • May 16
First quarter 2026 earnings released: EPS: S$0 (vs S$0 in 1Q 2025) First quarter 2026 results: EPS: S$0 (in line with 1Q 2025). Revenue: S$764.0k (down 31% from 1Q 2025). Net loss: S$525.0k (loss widened 86% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 17
Full year 2025 earnings released: EPS: S$0 (vs S$0 in FY 2024) Full year 2025 results: EPS: S$0 (in line with FY 2024). Revenue: S$3.96m (down 18% from FY 2024). Net loss: S$934.2k (loss widened S$781.4k from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Announcement • Apr 14
Southern Archipelago Ltd., Annual General Meeting, Apr 28, 2026 Southern Archipelago Ltd., Annual General Meeting, Apr 28, 2026, at 10:00 Singapore Standard Time. Location: level 2 room nautica, 1 republic of singapore yacht club, 52 west coast ferry road , singapore 126887, Singapore New Risk • Apr 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (48% average daily change). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Revenue is less than US$5m (S$4.7m revenue, or US$3.7m). Market cap is less than US$100m (S$27.6m market cap, or US$21.7m). Reported Earnings • Feb 26
Full year 2025 earnings released: EPS: S$0 (vs S$0 in FY 2024) Full year 2025 results: EPS: S$0 (in line with FY 2024). Revenue: S$4.04m (down 16% from FY 2024). Net loss: S$935.0k (loss widened S$782.3k from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Announcement • Feb 23
Southern Archipelago Ltd. to Report Second Half, 2025 Results on Mar 01, 2026 Southern Archipelago Ltd. announced that they will report second half, 2025 results on Mar 01, 2026 Reported Earnings • Aug 19
First half 2025 earnings released: EPS: S$0 (vs S$0 in 1H 2024) First half 2025 results: EPS: S$0 (in line with 1H 2024). Revenue: S$2.21m (down 5.7% from 1H 2024). Net loss: S$566.0k (down S$590.0k from profit in 1H 2024). Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Aug 07
Southern Archipelago Ltd. to Report First Half, 2025 Results on Aug 14, 2025 Southern Archipelago Ltd. announced that they will report first half, 2025 results on Aug 14, 2025 Board Change • May 19
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. 4 experienced directors. 2 highly experienced directors. Executive Director Alan Yu 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. Board Change • May 02
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. 4 experienced directors. 2 highly experienced directors. Executive Director Alan Yu 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. Reported Earnings • Apr 12
Full year 2024 earnings released: EPS: S$0 (vs S$0 in FY 2023) Full year 2024 results: EPS: S$0 (in line with FY 2023). Revenue: S$4.83m (down 8.0% from FY 2023). Net loss: S$152.7k (down 444% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Announcement • Apr 08
Southern Archipelago Ltd., Annual General Meeting, Apr 24, 2025 Southern Archipelago Ltd., Annual General Meeting, Apr 24, 2025, at 10:00 Singapore Standard Time. Location: level 2, room nautica iii, republic of singapore, yacht club 52, west coast ferry road, singapore 126887, Singapore Reported Earnings • Feb 28
Full year 2024 earnings released: EPS: S$0 (vs S$0 in FY 2023) Full year 2024 results: EPS: S$0 (in line with FY 2023). Revenue: S$5.10m (down 2.8% from FY 2023). Net loss: S$154.0k (down 447% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Board Change • Feb 06
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. 4 experienced directors. 2 highly experienced directors. Executive Director Alan Yu 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. Board Change • Jan 21
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. 4 experienced directors. 2 highly experienced directors. Executive Director Alan Yu 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. Announcement • Jul 01
Southern Archipelago Ltd. Appoints Bryan Nicholas Lee Mun Hei as Chief Executive Officer The board of Southern Archipelago Ltd. appointed Bryan Nicholas Lee Mun Hei as Chief Executive Officer. They will be responsible for implementing the Group's strategies plans and overseeing the day-to-day operations of the Group. Working experience: February 2011 - present Managing Director of Condovest Sdn Bhd September 2004 - present Director of Sourcewell Corporation Sdn Bhd October 2021 - present Director and Chief Investment Officer of Mezzannotte Management Pte. Ltd. Mr. Bryan Lee, indirectly holds 7% shareholding in the Company's associate entity, Labrador Hill Pte. Ltd. Directorship: Condovest Sdn Bhd Sourcewell Corporation Sdn Bhd Mezzanotte Capital Pte Ltd. Mezzanotte Management Pte. Ltd. Ultimate Horizon Pte. Ltd. Labarador Hill Pte. Ltd. Baffyn International Corp. Eco-Luxe Pte. Ltd., Appointment date: July 1, 2024. Announcement • Apr 26
Southern Archipelago Ltd. Announces Board and Committee Changes The Board of Directors (the "Board") of Southern Archipelago Ltd. announced the following changes: Re-designation of Mr. Siaw Lu Howe as Independent Director: Mr. Siaw Lu Howe ("Mr. Siaw") was appointed to the Board as interim CEO and Executive Chairman on 6 December 2017. Mr. Siaw then resigned as interim CEO and Executive Chairman and was re-designated to Non-Executive Chairman on 17 April 2019. Mr. Siaw will be re-designated as Independent Director and remains as Non-Executive Chairman of the Board effective on 25 April 2024. Following the re-designation of Mr. Siaw, he has also been appointed as the Chairman of the Nomination Committee, a member of the Audit Committee, a member of the Remuneration Committee and a member of the Environmental, Social and Governance Committee with effect from 25 April 2024. Re-designation of Mr. Tan Gim Kang, Arran as a Non-Independent Non-Executive Director: Mr. Tan Gim Kang, Arran ("Mr. Tan") was first appointed to the Board as an Independent Non-Executive Director on 30 May 2014. Mr. Tan, who was re-elected as a Director at the Company's annual general meeting held on 25 April 2024 ("AGM"), has been re-designated as a Non-Independent Non-Executive Director on 25 April 2024 according to Rule 210(5)(d)(iv) of the SGX-ST Listing Manual. Following the re-designation of Mr. Tan as a Non-Independent Non-Executive Director, Mr. Tan has ceased to be the Chairman of the Nominating Committee and the Environment, Social and Governance Committee and he has also ceased to be a member of the Remuneration Committee. Mr. Tan remains as a member of the Audit Committee and the Environmental, Social and Governance Committee. Re-designation of Mr. Aris Muhammad Rizal as a Non-Independent Non-Executive Director: Mr. Aris Muhammad Rizal ("Mr. Aris") was first appointed to the Board as an Independent Non-Executive Director on 10 October 2014. Mr. Aris, who was re-elected as a Director at the Company's AGM, has been re-designated as a Non-Independent Non-Executive Director on 25 April 2024 according to Rule 210(5)(d)(iv) of the SGX-ST Listing Manual. Following the re-designation of Mr. Aris as a Non-Independent Non-Executive Director, Mr. Aris has ceased to be a member of the Audit Committee and the Environment, Social and Governance Committee. Mr. Aris remains as a member of the Nominating Committee and the Remuneration Committee. Changes to the Board Committees: Following the above changes, the composition of the Board Committees will be as follows with effect from 25 April 2024: Board of Directors: Siaw Lu Howe (Independent Director and Non-Executive Chairman), Alan Chin Yu (Executive Director), John Lee Yow Meng (Executive Director and Chief Financial Officer), Ng Keok Chai (Lead Independent Director), Tan Gim Kang, Arran (Non-independent Non-Executive Director), and Aris Muhammad Rizal (Non-independent Non-Executive Director). Audit Committee: Ng Keok Chai (Chairman), Tan Gim Kang, Arran (Member), and Siaw Lu Howe (Member). Remuneration Committee: Ng Keok Chai (Chairman), Siaw Lu Howe (Member), and Aris Muhammad Rizal (Member). Nominating Committee: Siaw Lu Howe (Chairman), Ng Keok Chai (Member), and Aris Muhammad Rizal (Member). Environmental, Social and Governance Committee: Ng Keok Chai (Chairman), Tan Gim Kang, Arran (Member), and Siaw Lu Howe (Member). Reported Earnings • Apr 15
Full year 2023 earnings released: EPS: S$0 (vs S$0 in FY 2022) Full year 2023 results: EPS: S$0 (in line with FY 2022). Revenue: S$5.25m (up 6.4% from FY 2022). Net income: S$44.4k (up S$533.3k from FY 2022). Profit margin: 0.8% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Board Change • Apr 12
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. 4 experienced directors. 2 highly experienced directors. Executive Director Alan Yu 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. Announcement • Apr 10
Southern Archipelago Ltd., Annual General Meeting, Apr 25, 2024 Southern Archipelago Ltd., Annual General Meeting, Apr 25, 2024, at 10:00 Singapore Standard Time. Location: Level 2 Beacon Room Republic of Singapore Yacht Club 52 West Coast Ferry Road Singapore 126887 Singapore Singapore Agenda: To consider Adoption of the Audited Financial Statements for the financial year ended 31 December 2023 together with the Directors' Statement and the Auditor's Report thereon; to consider Approval of payment of Directors' fees of SGD 103,500 for the financial year ending 31 December 2024, payable quarterly in arrears; to consider Re-appointment of PKF-CAP LLP as Auditors of the Company and to authorize the Directors to fix their remuneration; and to consider other matters. New Risk • Mar 05
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Shares are highly illiquid. Minor Risks Revenue is less than US$5m (S$5.2m revenue, or US$3.9m). Market cap is less than US$100m (S$55.1m market cap, or US$41.0m). Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: S$0 (vs S$0 in FY 2022) Full year 2023 results: EPS: S$0 (in line with FY 2022). Revenue: S$5.71m (up 16% from FY 2022). Net income: S$43.0k (up S$531.9k from FY 2022). Profit margin: 0.8% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. New Risk • Feb 26
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 Shares are highly illiquid. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Revenue is less than US$5m (S$5.5m revenue, or US$4.1m). Market cap is less than US$100m (S$27.6m market cap, or US$20.5m). Board Change • Feb 19
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. 4 experienced directors. 2 highly experienced directors. Executive Director Alan Yu 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. Board Change • Jan 02
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. 4 experienced directors. 2 highly experienced directors. Executive Director Alan Yu 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. Board Change • Dec 13
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. 4 experienced directors. 2 highly experienced directors. Executive Director Alan Yu 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. Board Change • Dec 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. 4 experienced directors. 2 highly experienced directors. Executive Director Alan Yu 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. Reported Earnings • Aug 16
First half 2023 earnings released: EPS: S$0 (vs S$0 in 1H 2022) First half 2023 results: EPS: S$0 (in line with 1H 2022). Revenue: S$2.72m (up 27% from 1H 2022). Net loss: S$516.0k (loss narrowed 69% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Aug 05
Southern Archipelago Ltd. to Report First Half, 2023 Results on Aug 14, 2023 Southern Archipelago Ltd. announced that they will report first half, 2023 results on Aug 14, 2023 Announcement • May 23
Southern Archipelago Ltd. Announces Appointment of Tong Shan, Helen as Company Secretary The Board of Directors of Southern Archipelago Ltd. announced that the appointment of Ms. Tong Shan, Helen will be appointed as the Company Secretary of the Company with effect from 22 May 2023. Announcement • May 16
Southern Archipelago Ltd. Announces Resignation of Shirley Lim Guat Hua as Company Secretary Southern Archipelago Ltd. announced the resignation of Ms. Shirley Lim Guat Hua as Company Secretary with effect from 15 May 2023. Reported Earnings • Apr 15
Full year 2022 earnings released: EPS: S$0 (vs S$0 in FY 2021) Full year 2022 results: EPS: S$0 (in line with FY 2021). Revenue: S$4.93m (up 26% from FY 2021). Net loss: S$488.9k (loss narrowed 90% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: S$0 (vs S$0 in FY 2021) Full year 2022 results: EPS: S$0 (in line with FY 2021). Revenue: S$7.28m (up 86% from FY 2021). Net loss: S$489.0k (loss narrowed 90% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 13
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down S$39.0k from profit in 1H 2021). Profit margin: (down from 2.2% in 1H 2021). The decrease in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 16
Full year 2021 earnings released: EPS: S$0 (vs S$0 in FY 2020) Full year 2021 results: EPS: S$0 (vs S$0 in FY 2020). Revenue: S$3.91m (up 12% from FY 2020). Net loss: S$4.91m (loss widened S$4.53m from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: S$0 (vs S$0 in FY 2020). Revenue: S$2.96m (down 16% from FY 2020). Net loss: S$4.91m (loss widened S$4.53m from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst estimates. Over the last 3 years on average, 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. Announcement • Aug 05
Blumont Group Ltd. (SGX:A33) agreed to acquire a 40.8% stake in Mendol Investments Pte Ltd from Strategic Premium PTE. LTD. and Luminous Global Inc. Blumont Group Ltd. (SGX:A33) agreed to acquire a 40.8% stake in Mendol Investments Pte Ltd from Strategic Premium PTE. LTD. and Luminous Global Inc. on August 3, 2021. Blumont Group Ltd. (“Company”) has entered into a Memorandum of Understanding on August 3, 2021 (“MOU”) with Strategic Premium Pte Ltd and Luminous Global Inc (“Vendors”) to acquire an aggregate of 40.8% of the issued and paid-up shares in Mendol Investments Pte Ltd (“Target”) from the Vendors ("Proposed Acquisition"). The MOU is subject to the parties entering into transaction agreements. The Proposed Acquisition is subject to various conditions precedent, including approval by the shareholders of the Company. Executive Departure • Jul 13
Company Secretary Nor Hafiza Alwi has left the company On the 1st of July, Nor Hafiza Alwi's tenure as Company Secretary ended after 3.6 years in the role. We don't have any record of a personal shareholding under Nor Hafiza's name. A total of 2 executives have left over the last 12 months. Announcement • Jan 01
Mark Wee Liang Yee completed the acquisition of remaining 0.59% stake in Blumont Group Ltd. (SGX:A33) for SGD 0.06 million. Mark Wee Liang Yee made an offer to acquire remaining 49.2% stake in Blumont Group Ltd. (SGX:A33) for SGD 5.4 million on November 16, 2020. Under the terms of offer, Mark Wee Liang Yee will purchase 13.57 billion shares at a offer price of SGD 0.0004. Under a related transaction, Mark Wee Liang Yee acquired 50.8% stake in Blumont Group Ltd. from Ultimate Horizon Pte. Ltd. for SGD 5.6 million on November 16, 2020. In the event that the offeror acquires not less than 90% of the total number of issued shares as at the close of the offer, the offeror would be entitled to exercise the right to compulsorily acquire all the shares from shareholders of the company who have not accepted the offer at a price equal to the offer price. Sufficient financial resources are available to the offeror to satisfy full acceptance of the offer for the offer shares in cash on the basis of the offer price. The offer will be open for acceptances until December 31, 2020. As on December 17, 2020, Asian Corporate Advisors Pte. Ltd. gave opinion that in the absence of an alternative offer, the financial terms of the Offer is the offer is not fair and reasonable. Asian Corporate Advisors Pte. Ltd. advised Independent Directors that they should recommend that Shareholders to reject the Offer. Independent Directors’ also recommend that Shareholders should reject the Offer. UOB Kay Hian Private Limited acted as financial advisor to Mark Wee Liang. Asian Corporate Advisors Pte. Ltd. acted as independent financial advisor to directors of Blumont Group who are considered to be independent for the purpose of making a recommendation to shareholders in respect of the offer. Danny Lim and Tan Mui Hui of Rajah & Tann LLP acted as financial advisors for Mark Wee Liang Yee.
Mark Wee Liang Yee completed the acquisition of remaining 0.59% stake in Blumont Group Ltd. (SGX:A33) for SGD 0.06 million on December 31, 2020. A total of 162 million shares were offered in the offer and post completion Mark Wee Liang Yee holds 14.16 billion shares representing 51.4% stake of Blumont Group Ltd. Recent Insider Transactions • Nov 18
Non-Executive Chairman recently sold S$5.6m worth of stock On the 16th of November, Lu Howe Siaw sold around 14b shares on-market at roughly S$0.0004 per share. This was the largest sale by an insider in the last 3 months. This was Lu Howe's only on-market trade for the last 12 months. Announcement • Nov 18
Mark Wee Liang Yee made an offer to acquire remaining 49.2% stake in Blumont Group Ltd. (SGX:A33) for SGD 5.4 million Mark Wee Liang Yee made an offer to acquire remaining 49.2% stake in Blumont Group Ltd. (SGX:A33) for SGD 5.4 million on November 16, 2020. Under a related transaction, Mark Wee Liang Yee acquired 50.2% stake in Blumont Group Ltd. from Ultimate Horizon Pte. Ltd. for SGD 5.6 million on November 16, 2020. In the event that the Offeror acquires not less than 90% of the total number of issued Shares as at the close of the Offer, the Offeror would be entitled to exercise the right to compulsorily acquire all the Shares from shareholders of the Company who have not accepted the Offer at a price equal to the Offer Price. Sufficient financial resources are available to the Offeror to satisfy full acceptance of the Offer for the Offer Shares in cash on the basis of the Offer Price. UOB Kay Hian Private Limited acted as financial advisor to Mark Wee Liang. Announcement • Nov 17
Mark Wee Liang Yee acquired 50.8% stake in Blumont Group Ltd. (SGX:A33) from Ultimate Horizon Pte. Ltd. for SGD 5.6 million. Mark Wee Liang Yee acquired 50.8% stake in Blumont Group Ltd. (SGX:A33) from Ultimate Horizon Pte. Ltd. for SGD 5.6 million on November 16, 2020. Mark Wee Liang Yee acquired 14 billion shares of Blumont at a price of SGD 0.0004 per share. In a related transaction, Mark Wee Liang Yee made an offer to acquire the remaining shares. UOB Kay Hian Private Limited acted as financial advisor to Mark Wee Liang.
Mark Wee Liang Yee completed the acquisition of 50.8% stake in Blumont Group Ltd. (SGX:A33) from Ultimate Horizon Pte. Ltd. on November 16, 2020. Announcement • Nov 07
Blumont Group Ltd. Appoints Alan Chin Yu as an Executive Director The Board of Directors of Blumont Group Ltd. announced the appointment of Mr. Alan Chin Yu as an Executive Director of the Company with effect from 6 November 2020. 
