Reported Earnings • Mar 20
First half 2026 earnings released: S$0.001 loss per share (vs S$0.002 loss in 1H 2025) First half 2026 results: S$0.001 loss per share (improved from S$0.002 loss in 1H 2025). Revenue: S$3.54m (down 8.3% from 1H 2025). Net loss: S$273.0k (loss narrowed 42% from 1H 2025). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. New Risk • Jan 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Singaporean stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 21% per year over the past 5 years. Minor Risk Market cap is less than US$100m (S$29.5m market cap, or US$23.0m). Reported Earnings • Nov 18
Full year 2025 earnings released: S$0.005 loss per share (vs S$0.004 loss in FY 2024) Full year 2025 results: S$0.005 loss per share (further deteriorated from S$0.004 loss in FY 2024). Revenue: S$7.03m (down 5.7% from FY 2024). Net loss: S$1.27m (loss widened 37% from FY 2024). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Nov 12
A-Smart Holdings Ltd., Annual General Meeting, Nov 28, 2025 A-Smart Holdings Ltd., Annual General Meeting, Nov 28, 2025, at 10:00 Singapore Standard Time. Location: lifelong learning institute at 11 eunos road 8, level 2 (event hall 2-2), singapore 408601, Singapore New Risk • Oct 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 9.7% 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: Major Risk Earnings have declined by 21% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Market cap is less than US$100m (S$28.2m market cap, or US$21.7m). Reported Earnings • Oct 01
Full year 2025 earnings released: S$0.005 loss per share (vs S$0.004 loss in FY 2024) Full year 2025 results: S$0.005 loss per share (further deteriorated from S$0.004 loss in FY 2024). Revenue: S$7.03m (down 5.7% from FY 2024). Net loss: S$1.27m (loss widened 37% from FY 2024). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. New Risk • Sep 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended January 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 Less than 1 year of cash runway based on free cash flow trend (-S$6.2m free cash flow). Minor Risks Latest financial reports are more than 6 months old (reported January 2025 fiscal period end). Market cap is less than US$100m (S$23.6m market cap, or US$18.3m). Reported Earnings • Mar 19
First half 2025 earnings released: S$0.002 loss per share (vs S$0.004 loss in 1H 2024) First half 2025 results: S$0.002 loss per share (improved from S$0.004 loss in 1H 2024). Revenue: S$3.86m (up 12% from 1H 2024). Net loss: S$472.0k (loss narrowed 40% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major 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 Risks Less than 1 year of cash runway based on free cash flow trend (-S$8.4m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risk Market cap is less than US$100m (S$20.4m market cap, or US$14.9m). Announcement • Nov 13
A-Smart Holdings Ltd., Annual General Meeting, Nov 29, 2024 A-Smart Holdings Ltd., Annual General Meeting, Nov 29, 2024, at 10:00 Singapore Standard Time. Location: no. 2, allenby road, futsing building 02-01, singapore 209973, Singapore Reported Earnings • Sep 28
Full year 2024 earnings released Full year 2024 results: Revenue: S$7.45m (up 18% from FY 2023). Net loss: S$926.0k (down S$1.04m from profit in FY 2023). Announcement • Sep 27
A-Smart Holdings Ltd. Announces the Resignation of Chu Hongtao as Independent Director A-Smart Holdings Ltd. announced the resignation of Chu Hongtao as Independent Director. Reason For Cessation Ms Chu Hongtao resigned as an Independent Director of the Company to assume an executive position in the Company as Chief Operating Officer. New Risk • Jun 12
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 8.9% 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 (8.9% average weekly change). Shareholders have been diluted in the past year (50% increase in shares outstanding). Market cap is less than US$100m (S$24.4m market cap, or US$18.1m). Reported Earnings • Mar 18
First half 2024 earnings released: S$0.004 loss per share (vs S$0 in 1H 2023) First half 2024 results: S$0.004 loss per share (further deteriorated from S$0 in 1H 2023). Revenue: S$3.48m (up 25% from 1H 2023). Net loss: S$780.0k (down S$830.0k from profit in 1H 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. New Risk • Mar 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 140% This is considered a major 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 Risks Share price has been highly volatile over the past 3 months (19% average weekly change). High level of non-cash earnings (30% accrual ratio). Shareholders have been substantially diluted in the past year (140% increase in shares outstanding). Minor Risks Revenue is less than US$5m (S$6.3m revenue, or US$4.7m). Market cap is less than US$100m (S$35.8m market cap, or US$26.6m). Announcement • Dec 20
A-Smart Holdings Ltd. Announces Changes Director and Changes in the Composition of the Board and Board Committees The Board of Directors of A-Smart Holdings Ltd. announced that Mr. Loo Kenneth has been re-designated from Non-Executive Director to Independent Director of the Company with effect from 20 December 2023. Upon his re-designation as an Independent Director of the Company, Mr. Loo will be appointed as a member of the Audit Committee, Nominating Committee and Remuneration Committee. In considering Mr. Loo's independence, the Board and the Nominating Committee have considered the following factors:- That Mr. Loo is currently designated as non-executive Director of the Company; On the date of Mr. Loo's initial appointment as Director of the Company, he was in a subordinate/superior relationship with Mr. Wong Swee Chun who was a substantial shareholder holding more than 5% of the Company's shares. Mr. Loo was considered non-independent as he was the Executive Director and Chief Operating Officer of Straits Construction Group Pte. Ltd. whereas Mr. Wong was the controlling shareholder as well as the Chairman of the Board of Straits Construction Group Pte. Ltd. Mr. Wong has ceased to be a substantial shareholder of the Company as his shareholding in the Company has remained below 5% for a period of more than one year. Meanwhile, Mr. Loo has demonstrated independence in his conduct, character and judgment, and has maintained no relationship with the Company, its related corporations, its substantial shareholders or its officers that could interfere, or be reasonably perceived to interfere, with the exercise of the director's independent business judgement in the best interests of the Company. Consequent to the above-mentioned changes, the composition of the Board and Board Committees of the Company shall be reconstituted as follows: Board of Directors - Mr. Ma Weidong as (Non-Executive Chairman; Mr. Lim Huan Chiang as (Executive Director and Chief Executive Officer); Mr. Sam Chong Keen as (Lead Independent Director); Mr. Darlington Tseng Te-Lin as (Non-Executive Director); Mr. Loo Kenneth as (Independent Director) and; Ms. Chu Hongtao as (Independent Director). Audit Committee - Ms. Chu Hongtao as (Chairman); Mr. Darlington Tseng Te-Lin; Mr. Sam Chong Keen and; Mr. Loo Kenneth. Remuneration Committee - Ms. Chu Hongtao as (Chairman); Mr. Ma Weidong; Mr. Sam Chong Keen and; Mr. Loo Kenneth. Nominating Committee - Ms. Chu Hongtao as (Chairman); Mr. Ma Weidong; Mr. Sam Chong Keen and; Mr. Loo Kenneth. Announcement • Nov 17
A-Smart Holdings Ltd., Annual General Meeting, Nov 29, 2023 A-Smart Holdings Ltd., Annual General Meeting, Nov 29, 2023, at 10:00 Singapore Standard Time. Location: 11 Eunos Road 8 Level 2 Training Room 2-2 Singapore Singapore Agenda: To receive and adopt the Directors' Statement and the Audited Financial Statements of the Company and the Group for the financial year ended July 31, 2023 together with the Auditors' Report thereon; to approve the payment of Directors' fees of S$88,128 for the financial year ended July 31, 2023; to re-elect the following Directors of the Company who retire pursuant to Regulations 94(2) of the Constitution of the Company; To re-appoint Messrs CLA Global TS Public Accounting Corporation as the Auditors of the Company and to authorise the Directors of the Company to fix their remuneration; and to consider other matters. Announcement • Oct 31
A-Smart Holdings Ltd. Announces Change of Company Secretaries The Board of Directors (the "Board" or the "Directors") of A-Smart Holdings Ltd. (the "Company", and together with its subsidiaries, the "Group") wishes to announce that Ms Sharon Lim Siew Choo and Mr. Chin Yee Seng have been appointed as Company Secretaries of the Company with effect from 30 October 2023 in place of Ms Shirley Tan Sey Liy who has resigned as the Company Secretary of the Company with effect from 30 October 2023. The Board of Directors would like to take this opportunity to thank Ms Shirley Tan Sey Liy for her past services during her tenure as the Company Secretary. Reported Earnings • Sep 28
Full year 2023 earnings released Full year 2023 results: Revenue: S$6.65m (up 8.2% from FY 2022). Net income: S$113.0k (up S$1.21m from FY 2022). Profit margin: 1.7% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Reported Earnings • Mar 16
First half 2023 earnings released First half 2023 results: Revenue: S$2.87m (down 16% from 1H 2022). Net income: S$50.0k (up S$208.0k from 1H 2022). Profit margin: 1.7% (up from net loss in 1H 2022). The move to profitability was driven by lower expenses. Board Change • Nov 16
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. 4 experienced directors. 2 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non-Executive Director Hongtao Chu was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Nov 12
A-Smart Holdings Ltd., Annual General Meeting, Nov 29, 2022 A-Smart Holdings Ltd., Annual General Meeting, Nov 29, 2022, at 10:00 Singapore Standard Time. Location: 11 Eunos road 8 level 1 training room Singapore Singapore Agenda: To receive and adopt the Director's statement and the audited financial statements of the company and the group for the financial year ended July 31, 2022 together with the Auditor's report thereon; to approve the payment of Director's fees of SGD 88,128 for the financial year ended July 31, 2022; to re-elect directors; and to consider other matters. Announcement • May 19
A-Smart Holdings Ltd. Announces the Launch of Its Timor Marina Square A-Smart Holdings Ltd. announced the launch of its Timor Marina Square, a mixed development property in Timor-Leste. A consortium consisting of A-Smart Property Holdings Pte Ltd, a wholly owned subsidiary of the Group, Vico Investment (Timor) Pte Ltd. and Elegant Marble Group Unipessoal LDA was formed to develop the Project. The Project has an estimated Gross Development Value of USD 85.0 million and it is expected to be completed in 2025. The Group held a groundbreaking ceremony on 17 May 2022 which was well-attended by more than 120 guests. Prime Minister of Timor-Leste, H.E Taur Matan Ruak, together with eight Ministers, officials from government agencies and an influx of investors, media and industry influencers converged to witness the launch of the potential game-changer to the Timor-Leste's property industry. Timor Marina Square, an eye-catching development is located in the heart of the city centre along a prime coastal area of Lecidere. The Project site, comprising an area of over 3,200 square meters freehold land, is in a vicinity located within a stone's throw from important buildings, foreign embassies and government offices. The Project, comprising two towers of mixed development properties (23-storey and 19-storey respectively), comprising retail and commercial (13 units), office (49 units), serviced apartments (105 units) and luxurious residential apartments (157 units) is well-poised to become the iconic landmark in Timor-Leste, owing to its peculiar architectural structure and state-of-the-art designs. In addition, the Project combines architectural designs with lush greenery weaved across the concrete landscape, creating a garden city ambience and further enhancing its credential as a Clean and Green project. Visitors can enjoy a breath-taking sea view and also have a glimpse of the famous mountain landscape - Cristo Rei from Timor Marina Square. This area will be transformed into the vibrant lifestyle destination, attracting not only holidaymakers but also business travellers who are attending meetings, conferences and seminars. Office Tower; The lower floors of the Office Tower comprise 6 units of 3 storey shophouses that can be used for retail and commercial use where international brands will be invited to become anchor tenants. This is followed by another 2 levels of commercial space that are adjoined to the carpark in the Residential Tower. Level 6 is also where the common facilities such as the infinity pool, clubhouse and gym are situated. The upper levels of the Office Tower consist of 7 storeys of office units, which are designed to accommodate for government offices and multinational corporations (MNCs) to station their headquarters, followed by 5 storeys of luxurious serviced apartment hotel equipped with aesthetically pleasing sky garden at the roof level, which will house high-end restaurants and conferencing facilities with panoramic views of the ocean and overlooking the Cristo Rei mountains to the East. 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. 4 experienced directors. 2 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non-Executive Director Hongtao Chu was the last independent director to join the board, commencing their role in 2015. 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 19
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: S$0.001 loss per share (vs S$0.001 loss in 1H 2021). Revenue: S$3.41m (down 2.4% from 1H 2021). Net loss: S$158.0k (loss narrowed 28% from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Board Change • Mar 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. 4 experienced directors. 2 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non-Executive Director Hongtao Chu was the last independent director to join the board, commencing their role in 2015. 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 • Dec 28
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. 4 experienced directors. 2 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non-Executive Director Hongtao Chu was the last independent director to join the board, commencing their role in 2015. 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 • Sep 30
Full year 2021 earnings released The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: S$6.32m (up 18% from FY 2020). Net loss: S$701.0k (down S$842.0k from profit in FY 2020). Board Change • Sep 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. 5 experienced directors. 1 highly experienced director. 2 independent directors (4 non-independent directors). Independent Non-Executive Director Hongtao Chu was the last independent director to join the board, commencing their role in 2015. 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 19
First half 2021 earnings released: S$0.001 loss per share (vs S$0.001 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$3.50m (down 2.7% from 1H 2020). Net loss: S$220.0k (down 424% from profit in 1H 2020). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 07
New 90-day low: S$0.20 The company is down 31% from its price of S$0.29 on 08 September 2020. The Singaporean market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 12% over the same period. Is New 90 Day High Low • Nov 20
New 90-day low: S$0.23 The company is down 25% from its price of S$0.30 on 20 August 2020. The Singaporean market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 4.0% over the same period. Announcement • Nov 12
A-Smart Holdings Ltd., Annual General Meeting, Nov 27, 2020 A-Smart Holdings Ltd., Annual General Meeting, Nov 27, 2020, at 10:00 Singapore Standard Time. Location: 61 Tai Seng Avenue, #05-14 Print Media Hub @ Paya Lebar iPark Singapore Singapore Agenda: To consider and adopt the Directors' Statement and the Audited Financial Statements of the Company and the Group for the financial year ended 31 July 2020 together with the Auditors' Report thereon; to consider and approve the payment of Directors' fees of SGD 97,920 for the financial year ended 31 July 2020 (2019: SGD 122,400); to re-elect the following Directors of the Company who retire pursuant to Regulations 94(2) of the Constitution of the Company; to re-appoint Messrs Nexia TS Public Accounting Corporation as the Auditors of the Company and to authorise the Directors of the Company to fix their remuneration; to transact any other ordinary business which may properly be transacted at an AGM; and to consider any other matters. Is New 90 Day High Low • Oct 12
New 90-day low: S$0.28 The company is down 11% from its price of S$0.31 on 14 July 2020. The Singaporean market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is down 9.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: S$0.28 The company is down 7.0% from its price of S$0.30 on 24 June 2020. The Singaporean market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is down 6.0% over the same period.