New Risk • Feb 11
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 8.4% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (S$48.8m market cap, or US$38.6m). New Risk • Nov 14
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (S$49.9m market cap, or US$38.4m). Reported Earnings • Nov 12
First half 2026 earnings released: S$0.001 loss per share (vs S$0.003 profit in 1H 2025) First half 2026 results: S$0.001 loss per share (down from S$0.003 profit in 1H 2025). Revenue: S$10.8m (down 82% from 1H 2025). Net loss: S$1.10m (down 133% from profit in 1H 2025). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jul 23
KOP Limited to Report First Half, 2026 Results on Nov 14, 2025 KOP Limited announced that they will report first half, 2026 results on Nov 14, 2025 Reported Earnings • Jul 09
Full year 2025 earnings released: S$0.001 loss per share (vs S$0.003 loss in FY 2024) Full year 2025 results: S$0.001 loss per share (improved from S$0.003 loss in FY 2024). Revenue: S$69.7m (down 14% from FY 2024). Net loss: S$1.18m (loss narrowed 60% from FY 2024). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Mar 28
KOP Limited Announces Appointment of Ms. Shirley Tan Sey Liy as Company Secretary, Effective April 1, 2025 KOP Limited announced the appointment of Ms. Shirley Tan Sey Liy as Company Secretary of the Company, in place of Mr. Tan Tuan Kai with effect from April 1, 2025. Reported Earnings • Feb 15
Third quarter 2025 earnings released: S$0.002 loss per share (vs S$0.001 loss in 3Q 2024) Third quarter 2025 results: S$0.002 loss per share (further deteriorated from S$0.001 loss in 3Q 2024). Revenue: S$4.90m (down 75% from 3Q 2024). Net loss: S$1.96m (loss widened 224% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 12
Second quarter 2025 earnings released: EPS: S$0.002 (vs S$0 in 2Q 2024) Second quarter 2025 results: EPS: S$0.002 (up from S$0 in 2Q 2024). Revenue: S$35.8m (up 83% from 2Q 2024). Net income: S$2.47m (up S$2.84m from 2Q 2024). Profit margin: 6.9% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. New Risk • Sep 03
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 15% 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 (15% average weekly change). Earnings have declined by 12% per year over the past 5 years. Minor Risk Market cap is less than US$100m (S$39.9m market cap, or US$30.5m). Reported Earnings • Aug 16
First quarter 2025 earnings released: EPS: S$0.001 (vs S$0.002 in 1Q 2024) First quarter 2025 results: EPS: S$0.001 (down from S$0.002 in 1Q 2024). Revenue: S$25.0m (down 34% from 1Q 2024). Net income: S$838.0k (down 58% from 1Q 2024). Profit margin: 3.3% (down from 5.2% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 04
Full year 2024 earnings released: S$0.003 loss per share (vs S$0.028 loss in FY 2023) Full year 2024 results: S$0.003 loss per share (improved from S$0.028 loss in FY 2023). Revenue: S$80.7m (up 70% from FY 2023). Net loss: S$2.93m (loss narrowed 91% from FY 2023). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: S$0 (vs S$0.004 loss in 3Q 2023) Third quarter 2024 results: EPS: S$0 (improved from S$0.004 loss in 3Q 2023). Revenue: S$19.4m (up 100% from 3Q 2023). Net loss: S$605.0k (loss narrowed 85% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Dec 29
KOP Limited Announces Company Secretary Changes, Effect from 1 January 2024 KOP Limited announced the appointment of Mr. Tan Tuan Kai as Company Secretary of the Company, in place of Ms. Sharon Lim Siew Choo with effect from 1 January 2024. Reported Earnings • Nov 16
Second quarter 2024 earnings released: EPS: S$0 (vs S$0.004 loss in 2Q 2023) Second quarter 2024 results: EPS: S$0 (improved from S$0.004 loss in 2Q 2023). Revenue: S$19.5m (up 123% from 2Q 2023). Net loss: S$368.0k (loss narrowed 91% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Nov 15
KOP Limited Announces Change of Company Secretary The Board of Directors of KOP Limited announced the appointment of Ms. Sharon Lim Siew Choo as Company Secretary of the Company and the resignation of Ms. Shirley Tan Sey Liy as Company Secretary of the Company with effect from 14 November 2023. Reported Earnings • Aug 18
First quarter 2024 earnings released: EPS: S$0.002 (vs S$0.025 loss in 1Q 2023) First quarter 2024 results: EPS: S$0.002 (up from S$0.025 loss in 1Q 2023). Revenue: S$38.1m (up S$34.0m from 1Q 2023). Net income: S$2.00m (up S$29.9m from 1Q 2023). Profit margin: 5.2% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 47% 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 15
First quarter 2024 earnings released: EPS: S$0.002 (vs S$0.025 loss in 1Q 2023) First quarter 2024 results: EPS: S$0.002 (up from S$0.025 loss in 1Q 2023). Revenue: S$38.1m (up S$34.0m from 1Q 2023). Net income: S$2.00m (up S$29.9m from 1Q 2023). Profit margin: 5.2% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 16
Full year 2023 earnings released: S$0.028 loss per share (vs S$0.01 loss in FY 2022) Full year 2023 results: S$0.028 loss per share (further deteriorated from S$0.01 loss in FY 2022). Revenue: S$47.5m (up 208% from FY 2022). Net loss: S$30.7m (loss widened 185% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Announcement • Jul 15
KOP Limited, Annual General Meeting, Jul 31, 2023 KOP Limited, Annual General Meeting, Jul 31, 2023, at 11:00 Singapore Standard Time. Location: Octagon, Level 1 @ Golf Clubhouse, Orchid Country Club, 1 Orchid Club Road, Singapore 769162 Singapore Singapore Agenda: To consider Adoption of the revised Directors' Statement, revised Audited Financial Statements and Auditors' Report for the financial year ended 31 March 2018; to Adoption of the revised Directors' Statement, revised Audited Financial Statements and Auditors' Report for the financial year ended 31 March 2019; to Adoption of the Directors' Statement, Audited Financial Statements and Auditors' Report for the financial year ended 31 March 2023; to Approval of Directors' fees amounting to S$126,112 for the financial year ending 31 March 2024, to be paid quarterly in arrears; to Re-election of Ms. Ong Chih Ching as a Director; to Re-election of Mrs. Yu-Foo Yee Shoon as a Director; to Re-election of Mr. Jimmy Yim Wing Kuen as a Director; to Re-appointment of Messrs UHY Lee Seng Chan & Co as Auditors and authority to Directors to fix remuneration; and to consider other matters if any. Board Change • Jul 13
High number of new directors Independent Director Jimmy Yim was the last director to join the board, commencing their role in 2023. Announcement • Jun 10
KOP Limited Announces Board and Committee Changes KOP Limited announced Dr. Ho Kah Leong @ Ho Kah Leung ("Dr. Ho") will retire as Independent Director of the Company with effect from 30 June 2023. Upon the retirement, Dr. Ho will step down from his positions as Chairman of Remuneration Committee, member of Audit and Risk Committee and Nominating Committee. Mr. Jimmy Yim Wing Kuen ("Mr. Yim") will be appointed as Independent Director of the Company with effect from 1 July 2023. Following his appointment to the Board, Mr. Yim shall also be appointed as Chairman of Remuneration Committee, member of Audit and Risk Committee and Nominating Committee. The Board has considered that Mr. Yim is independent for the purpose of Rule 704(7) of the Catalist Rules. Accordingly, the Board has approved the appointment of Mr. Yim as Independent Director. (C) Changes in the Composition of the Board and Board Committees (With Effective from 1 July 2023) Consequent to the abovementioned changes, with effect from 1 July 2023, the composition of the Board and Board Committees of the Company shall be reconstituted as follows: board of Directors: Ms. Ong Chih Ching (Executive Chairman and Executive Director), Ms. Leny Suparman (Group Chief Executive Officer and Executive Director), Mr. Ng Hin Lee (Lead Independent Director), Mrs. Yu-Foo Yee Shoon (Independent Director), Mr. Jimmy Yim Wing Kuen (Independent Director). Audit and Risk Committee: Mr. Ng Hin Lee (Chairman), Mrs. Yu-Foo Yee Shoon Mr. Jimmy Yim Wing Kuen Remuneration Committee Mr. Jimmy Yim Wing Kuen (Chairman) Mr. Ng Hin Lee Mrs. Yu-Foo Yee Shoon Nominating Committee Mrs. Yu-Foo Yee Shoon (Chairman) Mr. Ng Hin Lee Mr. Jimmy Yim Wing Kuen. Announcement • Jun 07
KOP Limited (Catalist:5I1) acquired Burns Hotel for £35 million. KOP Limited (Catalist:5I1) acquired Burns Hotel for £35 million on May 30, 2023. Knight Frank facilitated the deal.KOP Limited (Catalist:5I1) completed the acquisition of Burns Hotel on May 30, 2023. Board Change • Apr 18
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. 1 experienced director. 4 highly experienced directors. Lead Independent Director Hin Lee Ng was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 14
Third quarter 2023 earnings released: S$0.004 loss per share (vs S$0.002 loss in 3Q 2022) Third quarter 2023 results: S$0.004 loss per share (further deteriorated from S$0.002 loss in 3Q 2022). Revenue: S$9.70m (up 127% from 3Q 2022). Net loss: S$4.06m (loss widened 74% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Announcement • Jan 18
KOP Limited Announces Resignation of Judith Goi Lang Peng as the Non-Executive Director, Effective March 31, 2023 KOP Limited announced that Ms. Judith Goi Lang Peng has resigned as the Non-Executive Director of the Company with effect from 31 March 2023, to join the Company's wholly-owned subsidiary, Montigo Resorts Pte. Ltd. with effect from 3 April 2023 as Senior Manager, Quality Assurance. Ms. Judith Goi will be reporting to Chief Operating Officer and Chief Financial Officer of the Company. Based on its enquiries, the Company's sponsor, RHT Capital Pte. Ltd., is satisfied that, other than disclosed in this announcement, there are no other material reasons for the resignation of Ms. Judith Goi as the Non-Executive Director. Consequent to the abovementioned resignation of Ms. Judith Goi, the composition of the Board of the Company shall be reconstituted as follows with effect from 31 March 2023: Board of Directors: Ms. Ong Chih Ching- (Executive Chairman and Executive Director); Ms. Leny Suparman- (Group Chief Executive Officer and Executive Director); Mr. Ng Hin Lee- (Lead Independent Director); Dr. Ho Kah Leong @ Ho Kah Leung (Independent Director) and Mrs. Yu-Foo Yee Shoon- (Independent Director). The composition of the Audit and Risk Committee, Nominating Committee and Remuneration Committee remain unchanged. Reported Earnings • Nov 19
Second quarter 2023 earnings released: S$0.004 loss per share (vs S$0.002 loss in 2Q 2022) Second quarter 2023 results: S$0.004 loss per share (further deteriorated from S$0.002 loss in 2Q 2022). Revenue: S$8.78m (up 155% from 2Q 2022). Net loss: S$4.26m (loss widened 62% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
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. 2 experienced directors. 5 highly experienced directors. Non-Executive Director Judith Goi was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 04
Insider recently bought S$644k worth of stock On the 1st of November, Seng Hui Goi bought around 14m shares on-market at roughly S$0.047 per share. This transaction amounted to 5.8% 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 the only on-market transaction from insiders over the last 12 months. Reported Earnings • Oct 14
First quarter 2023 earnings released: S$0.025 loss per share (vs S$0.002 loss in 1Q 2022) First quarter 2023 results: S$0.025 loss per share (further deteriorated from S$0.002 loss in 1Q 2022). Revenue: S$4.15m (up 22% from 1Q 2022). Net loss: S$27.9m (loss widened S$26.0m from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Announcement • Sep 08
KOP Limited, Annual General Meeting, Sep 23, 2022 KOP Limited, Annual General Meeting, Sep 23, 2022, at 14:00 Singapore Standard Time. Agenda: To receive and adopt the Directors' Statement and the Audited Financial Statements of the Company and the Group for the financial year ended 31 March 2022 together with the Auditors' Report thereon;to approve the payment of Directors' fees of SGD 24,395 for Mr. Lee Kiam Hwee for the period 1 April 2021 to 29 October 2021,being retirement date;to approve the payment of Directors' fees of SGD 157,000 for the financial year ending 31 March 2023, to be paid quarterly in arrears. (2022: SGD 157,000);to re-elect the following Directors retiring pursuant to Regulations 112 of the Constitution of the Company;to re-appoint Messrs UHY Lee Seng Chan & Co as the Auditors of the Company and to authorize the Directors to fix their remuneration;and to consider other matters. Reported Earnings • Jul 31
Full year 2022 earnings released: S$0.01 loss per share (vs S$0.009 loss in FY 2021) Full year 2022 results: S$0.01 loss per share (down from S$0.009 loss in FY 2021). Revenue: S$15.4m (up 85% from FY 2021). Net loss: S$10.8m (loss widened 11% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Board Change • Jun 30
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. Non-Executive Director Judith Goi was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Non-Executive Director Judith Goi was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 11
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: S$0.002 loss per share (vs S$0.002 loss in 3Q 2021). Revenue: S$4.27m (up 126% from 3Q 2021). Net loss: S$2.33m (flat on 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Dec 19
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: S$0.002 loss per share (up from S$0.003 loss in 2Q 2021). Net loss: S$2.62m (loss narrowed 9.1% from 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Feb 06
Third quarter 2021 earnings released Third quarter 2021 results: Net loss: S$2.35m (loss widened 358% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 14
Full year earnings released - S$0.0016 loss per share Over the last 12 months the company has reported total losses of S$1.77m, with losses narrowing by 69% from the prior year. Total revenue was S$20.4m over the last 12 months, up 9.0% from the prior year. Announcement • Jul 23
KOP Limited to Report Q1, 2021 Results on Nov 13, 2020 KOP Limited announced that they will report Q1, 2021 results on Nov 13, 2020 
