Upcoming Dividend • May 23
Upcoming dividend of S$0.09 per share Eligible shareholders must have bought the stock before 28 May 2026. Payment date: 26 June 2026. Payout ratio is on the higher end at 90%, however this is supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Singaporean dividend payers (5.2%). Lower than average of industry peers (4.9%). Upcoming Dividend • Apr 28
Upcoming dividend of S$0.022 per share Eligible shareholders must have bought the stock before 05 May 2026. Payment date: 22 May 2026. Payout ratio is on the higher end at 90%, however this is supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Singaporean dividend payers (4.9%). Lower than average of industry peers (4.8%). Recent Insider Transactions • Apr 26
Lead Independent Director recently bought S$114k worth of stock On the 24th of April, Kee-Lock Chua bought around 90k shares on-market at roughly S$1.27 per share. This transaction amounted to 90% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought S$483k more in shares than they have sold in the last 12 months. Declared Dividend • Feb 26
Final dividend of S$0.022 announced Shareholders will receive a dividend of S$0.022. Ex-date: 5th May 2026 Payment date: 22nd May 2026 Dividend yield will be 3.3%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (85% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 3.3% per year over the past 5 years and payments have been stable during that time. Earnings per share has grown by 6.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 25
Full year 2025 earnings released: EPS: S$0.047 (vs S$0.049 in FY 2024) Full year 2025 results: EPS: S$0.047 (down from S$0.049 in FY 2024). Revenue: S$62.0m (up 3.8% from FY 2024). Net income: S$10.7m (down 4.4% from FY 2024). Profit margin: 17% (down from 19% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year. Announcement • Feb 24
Credit Bureau Asia Limited, Annual General Meeting, Apr 24, 2026 Credit Bureau Asia Limited, Annual General Meeting, Apr 24, 2026. New Risk • Feb 23
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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 13
First half 2025 earnings released: EPS: S$0.024 (vs S$0.026 in 1H 2024) First half 2025 results: EPS: S$0.024 (down from S$0.026 in 1H 2024). Revenue: S$30.2m (up 2.2% from 1H 2024). Net income: S$5.41m (down 8.0% from 1H 2024). Profit margin: 18% (down from 20% in 1H 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 10% per year. Recent Insider Transactions • Aug 10
Founder recently bought S$120k worth of stock On the 8th of August, Chiang Koo bought around 90k shares on-market at roughly S$1.34 per share. This transaction amounted to less than 1% 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 Chiang's only on-market trade for the last 12 months. Declared Dividend • Aug 09
First half dividend of S$0.02 announced Dividend of S$0.02 is the same as last year. Ex-date: 14th August 2025 Payment date: 29th August 2025 Dividend yield will be 2.9%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (86% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 4.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Upcoming Dividend • May 01
Upcoming dividend of S$0.02 per share Eligible shareholders must have bought the stock before 08 May 2025. Payment date: 30 May 2025. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Singaporean dividend payers (6.0%). Lower than average of industry peers (4.8%). Announcement • Apr 25
Credit Bureau Asia Limited Approves Final One-Tier Exempt Dividend for the Financial Year Ended 31 December 2024 Credit Bureau Asia Limited at its Annual General Meeting held on 25 April 2025, Approval of payment of the final one-tier exempt dividend of SGD 0.02 per ordinary share for the financial year ended 31 December 2024. Reported Earnings • Apr 08
Full year 2024 earnings released: EPS: S$0.049 (vs S$0.043 in FY 2023) Full year 2024 results: EPS: S$0.049 (up from S$0.043 in FY 2023). Revenue: S$59.7m (up 10% from FY 2023). Net income: S$11.2m (up 14% from FY 2023). Profit margin: 19% (in line with FY 2023). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 25
Full year 2024 earnings released: EPS: S$0.049 (vs S$0.043 in FY 2023) Full year 2024 results: EPS: S$0.049 (up from S$0.043 in FY 2023). Revenue: S$61.7m (up 14% from FY 2023). Net income: S$11.2m (up 14% from FY 2023). Profit margin: 18% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. New Risk • Feb 23
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. This is currently the only risk that has been identified for the company. Announcement • Jan 21
Credit Bureau Asia Limited Announces Change of Company Secretary Credit Bureau Asia Limited announced the appointment of Ms. Chiang Wai Ming as its Company Secretary, in place of Ms. Pan Mi Keay with effect from 20 January 2025. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to S$1.17, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 16x in the Professional Services industry in Asia. Total returns to shareholders of 7.5% over the past three years. Announcement • Sep 27
Credit Bureau Asia Limited Announces Executive Changes The Board of Directors of Credit Bureau Asia Limited announced the appointment of Ms. Pan Mi Keay as its Company Secretary, in place of Ms. Chong Pei Wen and Ms. Lee Bee Fong with effect from 26 September 2024. Reported Earnings • Aug 12
First half 2024 earnings released: EPS: S$0.026 (vs S$0.02 in 1H 2023) First half 2024 results: EPS: S$0.026 (up from S$0.02 in 1H 2023). Revenue: S$29.6m (up 12% from 1H 2023). Net income: S$5.89m (up 25% from 1H 2023). Profit margin: 20% (up from 18% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Professional Services industry in Asia. 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 11% per year, which means it is significantly lagging earnings. Declared Dividend • Aug 09
First half dividend increased to S$0.02 Dividend of S$0.02 is 18% higher than last year. Ex-date: 15th August 2024 Payment date: 30th August 2024 Dividend yield will be 4.4%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (77% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 5.6% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 07
Credit Bureau Asia Limited Announces Interim Tax Exempt One-Tier Dividend for the Period from January 2024 to June 2024, Payable on August 30, 2024 Credit Bureau Asia Limited that the Share Transfer Books and the Register of Members of Credit Bureau Asia Limited (the "Company") will be closed at 5.00 p.m. on the 16 August 2024 for the purpose of determining shareholders' entitlements to the Interim Tax Exempt One-Tier Dividend of SGD 0.02 per ordinary share (the "Interim Dividend") for the period January 2024 to June 2024 for the financial year ending 31 December 2024. Duly completed transfers in respect of the Company received by the Company's Share Registrar, Tricor
Barbinder Share Registration Services at 9 Raffles Place, Republic Plaza, Tower 1, #26-01, Singapore 048619, up to the close of business at 5.00 p.m. on the 16 August 2024 will be registered to determine shareholders' entitlements to the Interim Dividend. Shareholders whose Securities Accounts with The Central Depository (Pte) Limited are credited with ordinary shares in the capital of the Company as at 5.00 p.m. on the 16 August 2024 will be entitled to the Interim Dividend. Payment of the Interim Dividend will be made on the 30 August 2024. Announcement • May 01
Credit Bureau Asia Limited Approves Final One-Tier Exempt Dividend for the Financial Year Ended 31 December 2023, Payable on 24 May 2024 CREDIT Bureau Asia Limited announced that at its AGM to be held on 25 April 2024, approved payment of the final one-tier exempt dividend of SGD 0.02 per ordinary share for the financial year ended 31 December 2023, payable on 24 May 2024. Upcoming Dividend • Apr 25
Upcoming dividend of S$0.02 per share Eligible shareholders must have bought the stock before 02 May 2024. Payment date: 24 May 2024. Payout ratio is on the higher end at 87%, however this is supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of Singaporean dividend payers (6.3%). Lower than average of industry peers (5.1%). Declared Dividend • Feb 28
First half dividend of S$0.02 announced Shareholders will receive a dividend of S$0.02. Ex-date: 2nd May 2024 Payment date: 24th May 2024 Dividend yield will be 4.1%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (86% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has not increased over the past 3 years but payments have been stable during that time. Earnings per share has grown by 9.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Feb 23
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: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. 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. 5 experienced directors. No highly experienced directors. Lead Independent Director Kee-Lock Chua 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. Upcoming Dividend • Aug 10
Upcoming dividend of S$0.017 per share at 3.7% yield Eligible shareholders must have bought the stock before 17 August 2023. Payment date: 08 September 2023. Payout ratio is on the higher end at 86%, however this is supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Singaporean dividend payers (6.3%). In line with average of industry peers (3.7%). Reported Earnings • Aug 09
First half 2023 earnings released: EPS: S$0.02 (vs S$0.017 in 1H 2022) First half 2023 results: EPS: S$0.02 (up from S$0.017 in 1H 2022). Revenue: S$26.4m (up 12% from 1H 2022). Net income: S$4.71m (up 18% from 1H 2022). Profit margin: 18% (in line with 1H 2022). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Professional Services industry in Asia. Announcement • Aug 08
Credit Bureau Asia Limited Announces Interim Tax Exempt One-Tier Dividend for the Period from January 2023 to June 2023, Payable on 8 September 2023 Credit Bureau Asia Limited announced the Interim Tax Exempt One-Tier Dividend of SGD 0.017 per ordinary share (the ‘Interim Dividend’) for the period January 2023 to June 2023 for the financial year ending 31 December 2023. Shareholders whose Securities Accounts with The Central Depository (Pte) Limited are credited with ordinary shares in the capital of the Company as at 5.00 p.m. on the 18 August 2023 will be entitled to the Interim Dividend. Payment of the Interim Dividend will be made on the 8 September 2023. Announcement • May 04
Credit Bureau Asia Limited Approves Final Dividend for the Financial Year Ended 31 December 2022 Credit Bureau Asia Limited at the AGM, held on 25 April 2023, the shareholders approved a final one-tier tax-exempt dividend of SGD 0.017 per ordinary share for the financial year ended 31 December 2022. Upcoming Dividend • Apr 27
Upcoming dividend of S$0.017 per share at 3.5% yield Eligible shareholders must have bought the stock before 04 May 2023. Payment date: 19 May 2023. Payout ratio and cash payout ratio are on the higher end at 93% and 80% respectively. Trailing yield: 3.5%. Lower than top quartile of Singaporean dividend payers (6.3%). Higher than average of industry peers (1.5%). Reported Earnings • Apr 07
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: S$0.036 (up from S$0.034 in FY 2021). Revenue: S$48.6m (up 7.1% from FY 2021). Net income: S$8.40m (up 7.2% from FY 2021). Profit margin: 17% (in line with FY 2021). Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 1.4%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Professional Services industry in Asia. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: S$0.037 (vs S$0.034 in FY 2021) Full year 2022 results: EPS: S$0.037 (up from S$0.034 in FY 2021). Revenue: S$49.5m (up 9.1% from FY 2021). Net income: S$8.40m (up 7.2% from FY 2021). Profit margin: 17% (in line with FY 2021). Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Professional Services industry in Asia. Price Target Changed • Nov 16
Price target decreased to S$1.20 Down from S$1.43, the current price target is provided by 1 analyst. New target price is 24% above last closing price of S$0.97. Stock is down 16% over the past year. The company is forecast to post earnings per share of S$0.036 for next year compared to S$0.034 last year. Upcoming Dividend • Aug 11
Upcoming dividend of S$0.017 per share Eligible shareholders must have bought the stock before 18 August 2022. Payment date: 02 September 2022. Payout ratio and cash payout ratio are on the higher end at 99% and 95% respectively. Trailing yield: 3.4%. Lower than top quartile of Singaporean dividend payers (5.9%). Higher than average of industry peers (1.2%). Reported Earnings • Aug 07
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down S$3.92m from profit in 1H 2021). Profit margin: (down from 18% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 9.4%, compared to a 18% growth forecast for the industry in Singapore. Announcement • Aug 06
Credit Bureau Asia Limited Announces Interim Tax Exempt One Tier Dividend for the Period from January 2022 to June 2022, Payable on September 2, 2022 Credit Bureau Asia Limited announced Interim Tax Exempt One-Tier Dividend of SGD 0.017 per ordinary share (the "Interim Dividend") for the period January 2022 to June 2022 for the financial year ending 31 December 2022. Shareholders whose Securities Accounts with The Central Depository (Pte) Limited are credited with ordinary shares in the capital of the Company as at 5.00 p.m. on the 19 August 2022 will be entitled to the Interim Dividend. Payment of the Interim Dividend will be made on the 2 September 2022. Upcoming Dividend • May 05
Upcoming dividend of S$0.017 per share Eligible shareholders must have bought the stock before 12 May 2022. Payment date: 03 June 2022. Payout ratio and cash payout ratio are on the higher end at 100% and 87% respectively. Trailing yield: 3.3%. Lower than top quartile of Singaporean dividend payers (5.8%). Higher than average of industry peers (1.1%). Price Target Changed • Apr 27
Price target decreased to S$1.20 Down from S$1.43, the current price target is provided by 1 analyst. New target price is 17% above last closing price of S$1.03. Stock is down 22% over the past year. The company is forecast to post earnings per share of S$0.037 for next year compared to S$0.034 last year. Announcement • Apr 26
Credit Bureau Asia Limited Approves Final One-Tier Tax Exempt Dividend for the Financial Year Ended 31 December 2021 Credit Bureau Asia Limited at the Annual General Meeting held on 25 April 2022 approved final one-tier tax exempt dividend of SGD 0.017 per ordinary share for the financial year ended 31 December 2021. Reported Earnings • Apr 10
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: S$0.034 (vs S$0.034 in FY 2020). Revenue: S$45.4m (up 4.6% from FY 2020). Net income: S$7.84m (up 15% from FY 2020). Profit margin: 17% (up from 16% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 17%. Over the next year, revenue is forecast to grow 7.8%, compared to a 15% growth forecast for the industry in Singapore. Price Target Changed • Feb 25
Price target decreased to S$1.20 Down from S$1.53, the current price target is provided by 1 analyst. New target price is 20% above last closing price of S$1.00. Stock is down 26% over the past year. The company is forecast to post earnings per share of S$0.037 for next year compared to S$0.034 last year. Announcement • Feb 24
Credit Bureau Asia Limited Provides Dividend Guidance for the Fiscal Year 2023 and 2024 Credit Bureau Asia Limited provided dividend guidance for the fiscal year 2023 and 2024. For the subsequent financial years of fiscal year 2023 and fiscal year 2024, the company intend to pay out at least 90% of the dividend income the company receive from the company's subsidiaries and associates. Reported Earnings • Feb 24
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: S$0.034 (vs S$0.034 in FY 2020). Revenue: S$46.7m (up 7.7% from FY 2020). Net income: S$7.84m (up 15% from FY 2020). Profit margin: 17% (up from 16% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 17%. Over the next year, revenue is forecast to grow 8.3%, compared to a 15% growth forecast for the industry in Singapore. Reported Earnings • Feb 24
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: S$0.034 (vs S$0.034 in FY 2020). Revenue: S$46.7m (up 7.7% from FY 2020). Net income: S$7.84m (up 15% from FY 2020). Profit margin: 17% (up from 16% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 17%. Over the next year, revenue is forecast to grow 8.3%, compared to a 15% growth forecast for the industry in Singapore. Announcement • Feb 24
Credit Bureau Asia Limited Recommends Final Dividend for Fiscal Year 2021, Payable on 3 June 2022 The Board of Credit Bureau Asia Limited recommending a final dividend of 1.70 Singapore cents per share, bringing the full year dividend to 3.40 Singapore cents. Payable on 3 June 2022. The date on which Registrable Transfers received by the company (up to 5.00 pm) will be registered before entitlements to the dividend are determined: 13 May 2022, 5:00pm. Announcement • Feb 08
Credit Bureau Asia Limited to Report Fiscal Year 2021 Final Results on Feb 23, 2022 Credit Bureau Asia Limited announced that they will report fiscal year 2021 final results After-Market on Feb 23, 2022 Board Change • Dec 06
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Founder, CEO & Executive Chairman Kevin Koo is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Dec 03
Founder recently bought S$334k worth of stock On the 1st of December, Chiang Koo bought around 279k shares on-market at roughly S$1.20 per share. This was the largest purchase by an insider in the last 3 months. Chiang has been a buyer over the last 12 months, purchasing a net total of S$2.7m worth in shares. Recent Insider Transactions • Nov 14
Founder recently bought S$100k worth of stock On the 12th of November, Chiang Koo bought around 88k shares on-market at roughly S$1.14 per share. This was the largest purchase by an insider in the last 3 months. Chiang has been a buyer over the last 12 months, purchasing a net total of S$2.2m worth in shares. Recent Insider Transactions • Aug 19
Founder recently bought S$540k worth of stock On the 12th of August, Chiang Koo bought around 420k shares on-market at roughly S$1.29 per share. This was the largest purchase by an insider in the last 3 months. Chiang has been a buyer over the last 12 months, purchasing a net total of S$2.0m worth in shares. Reported Earnings • Aug 09
First half 2021 earnings released: EPS S$0.017 (vs S$0.019 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: S$22.3m (up 8.5% from 1H 2020). Net income: S$3.92m (up 5.5% from 1H 2020). Profit margin: 18% (in line with 1H 2020). Reported Earnings • Apr 14
Full year 2020 earnings released: EPS S$0.034 (vs S$0.035 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: S$43.4m (up 6.8% from FY 2019). Net income: S$6.84m (down 2.6% from FY 2019). Profit margin: 16% (down from 17% in FY 2019). The decrease in margin was driven by higher expenses. Reported Earnings • Feb 26
Full year 2020 earnings released: EPS S$0.034 (vs S$0.035 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: S$43.4m (up 6.8% from FY 2019). Net income: S$6.84m (down 2.6% from FY 2019). Profit margin: 16% (down from 17% in FY 2019). The decrease in margin was driven by higher expenses. Recent Insider Transactions • Feb 26
Founder recently bought S$1.5m worth of stock On the 25th of February, Kevin Koo bought around 1m shares on-market at roughly S$1.40 per share. This was the largest purchase by an insider in the last 3 months. This was Kevin's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 16% share price gain to S$1.17, the stock is trading at a trailing P/E ratio of 31.7x, up from the previous P/E ratio of 27.4x. This compares to an average P/E of 24x in the Professional Services industry in Asia. Announcement • Dec 04
Credit Bureau Asia Limited has completed an IPO in the amount of SGD 27.9 million. Credit Bureau Asia Limited has completed an IPO in the amount of SGD 27.9 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,000,000
Price\Range: SGD 0.93
Discount Per Security: SGD 0.037
Transaction Features: Regulation S 
