Board Change • Jun 10
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Daw Ching Foong was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 05
Upcoming dividend of S$0.013 per share Eligible shareholders must have bought the stock before 12 May 2026. Payment date: 28 May 2026. Payout ratio is on the higher end at 90%, however this is supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Singaporean dividend payers (5.0%). In line with average of industry peers (4.1%). Reported Earnings • Apr 20
Full year 2025 earnings released: EPS: S$0.017 (vs S$0.018 in FY 2024) Full year 2025 results: EPS: S$0.017 (down from S$0.018 in FY 2024). Revenue: S$143.0m (up 5.5% from FY 2024). Net income: S$3.35m (down 7.9% from FY 2024). Profit margin: 2.3% (down from 2.7% in FY 2024). Total stores: 64 (up by 3 from FY 2024). 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 7% per year, which means it is significantly lagging earnings. Declared Dividend • Apr 17
Final dividend of S$0.013 announced Shareholders will receive a dividend of S$0.013. Ex-date: 12th May 2026 Payment date: 28th May 2026 Dividend yield will be 3.7%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (89.8% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share declined by 11% over the last 5 years, which if continued should see the payout ratio increase to a potentially unsustainable range. Announcement • Apr 16
ABR Holdings Limited, Annual General Meeting, Apr 30, 2026 ABR Holdings Limited, Annual General Meeting, Apr 30, 2026, at 14:00 Singapore Standard Time. Location: 41 tampines street 92, 03-00 abr building, singapore 528881, Singapore Recent Insider Transactions • Mar 26
MD & Executive Director recently bought S$140k worth of stock On the 25th of March, Yee Lim Ang bought around 354k shares on-market at roughly S$0.40 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 Yee Lim's only on-market trade for the last 12 months. Reported Earnings • Feb 27
Full year 2025 earnings released: EPS: S$0.017 (vs S$0.018 in FY 2024) Full year 2025 results: EPS: S$0.017 (down from S$0.018 in FY 2024). Revenue: S$143.0m (up 5.5% from FY 2024). Net income: S$3.35m (down 7.9% from FY 2024). Profit margin: 2.3% (down from 2.7% 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 13% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Jan 02
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Daw Ching Foong was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Aug 31
First half dividend of S$0.0025 announced Shareholders will receive a dividend of S$0.0025. Ex-date: 5th September 2025 Payment date: 23rd September 2025 Dividend yield will be 3.8%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (79% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 9.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 15
First half 2025 earnings released: EPS: S$0.004 (vs S$0.003 in 1H 2024) First half 2025 results: EPS: S$0.004 (up from S$0.003 in 1H 2024). Revenue: S$69.1m (up 8.0% from 1H 2024). Net income: S$720.0k (up 35% from 1H 2024). Profit margin: 1.0% (up from 0.8% in 1H 2024). 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 3% per year, which means it is significantly lagging earnings. Announcement • May 29
ABR Holdings Limited Proposes Final One-Tier Tax Exempt Dividend for the Financial Year Ended December 31, 2024 ABR Holdings Limited announced that at its AGM held on 29 April 2025, the shareholders approved payment of a tax exempt (1-tier) Final Dividend of 1.25 Singapore cents per ordinary share for the financial year ended 31 December 2024. Upcoming Dividend • May 02
Upcoming dividend of S$0.013 per share Eligible shareholders must have bought the stock before 09 May 2025. Payment date: 28 May 2025. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Singaporean dividend payers (6.0%). In line with average of industry peers (3.9%). New Risk • Apr 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 1.7% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (S$79.4m market cap, or US$60.4m). Recent Insider Transactions • Mar 22
MD & Executive Director recently bought S$62k worth of stock On the 20th of March, Yee Lim Ang bought around 150k shares on-market at roughly S$0.41 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth S$64k. Yee Lim has been a buyer over the last 12 months, purchasing a net total of S$1.4m worth in shares. Recent Insider Transactions • Mar 01
MD & Executive Director recently bought S$64k worth of stock On the 27th of February, Yee Lim Ang bought around 150k shares on-market at roughly S$0.42 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. Yee Lim has been a buyer over the last 12 months, purchasing a net total of S$1.3m worth in shares. Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: S$0.018 (vs S$0.018 in FY 2023) Full year 2024 results: EPS: S$0.018 (in line with FY 2023). Revenue: S$135.6m (up 16% from FY 2023). Net income: S$3.64m (up 2.9% from FY 2023). Profit margin: 2.7% (down from 3.0% in FY 2023). The decrease in margin was driven by higher expenses. 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 2% per year, which means it is significantly lagging earnings. Board Change • Feb 12
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Daw Ching Foong was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jan 18
MD & Executive Director recently bought S$63k worth of stock On the 17th of January, Yee Lim Ang bought around 155k shares on-market at roughly S$0.41 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth S$468k. Yee Lim has been a buyer over the last 12 months, purchasing a net total of S$1.4m worth in shares. Recent Insider Transactions • Nov 17
MD & Executive Director recently bought S$468k worth of stock On the 15th of November, Yee Lim Ang bought around 1m shares on-market at roughly S$0.40 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Yee Lim has been a buyer over the last 12 months, purchasing a net total of S$794k worth in shares. Recent Insider Transactions • Sep 25
MD & Executive Director recently bought S$87k worth of stock On the 23rd of September, Yee Lim Ang bought around 209k shares on-market at roughly S$0.41 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. Yee Lim has been a buyer over the last 12 months, purchasing a net total of S$289k worth in shares. Declared Dividend • Aug 30
First half dividend of S$0.0025 announced Dividend of S$0.0025 is the same as last year. Ex-date: 4th September 2024 Payment date: 20th September 2024 Dividend yield will be 2.8%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 28
ABR Holdings Limited Declares One-Tier Tax Exempt Interim Dividend for the Financial Year Ending 31 December 2024, Payable on 20 September 2024 ABR Holdings Limited announced one-tier tax exempt interim dividend for the financial year ending 31 December 2024 of 0.25 Singapore cent per ordinary share. The financial year 2024 Interim Dividend payment date will be 20 September 2024. Shareholders whose securities accounts maintained with The Central Depository (Pte) Limited are credited with shares in the Company as at 5.00 p.m. on 5 September 2024, will be entitled to the financial year 2024 Interim Dividend. Reported Earnings • Apr 13
Full year 2023 earnings released: EPS: S$0.018 (vs S$0.012 in FY 2022) Full year 2023 results: EPS: S$0.018 (up from S$0.012 in FY 2022). Revenue: S$116.9m (up 15% from FY 2022). Net income: S$3.54m (up 45% from FY 2022). Profit margin: 3.0% (up from 2.4% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Declared Dividend • Apr 13
Final dividend of S$0.01 announced Shareholders will receive a dividend of S$0.01. Ex-date: 10th May 2024 Payment date: 28th May 2024 Dividend yield will be 2.7%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 5.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 12
ABR Holdings Limited Announces Resignation of Lim Jen Howe as Independent and Non-Executive Director, Chairman of the Audit Committee and A Member of the Nominating and Remuneration Committees ABR Holdings Limited announced the resignation of Lim Jen Howe as Independent and Non-Executive Director. Reason For Cessation: Mr. Lim Jen Howe ("Mr Lim") has served as Independent Director of the Company beyond 9 years from the date of his first appointment. In compliance with the Listing Rule 210(5)(d)(iv) and to facilitate board renewal, Mr. Lim will be stepping down as Independent Director of the Company after the conclusion of the Annual General Meeting to be held on 29 April 2024 and after the appointment of new independent directors. Following Mr. Lim's resignation, he will relinquish his position as Chairman of the Audit Committee and a member of the Remuneration and Nominating Committees. Role And Responsibilities: Independent and Non-Executive Director, Chairman of the Audit Committee and a member of the Nominating and Remuneration Committees. Other DirectorShips Present: ABR Holdings Limited - Period Properties Pte Ltd. - Arbour Fine Art Pte Ltd. - T&L Support Services Pte. Ltd. - Caregivers Alliance Limited - SPCI-HELM Group Holdings Pte Ltd. - SPCI-HELM Singapore Pte Ltd. - SPCI-HELM Advance Pte Ltd. Announcement • Apr 11
ABR Holdings Limited, Annual General Meeting, Apr 29, 2024 ABR Holdings Limited, Annual General Meeting, Apr 29, 2024, at 10:00 Singapore Standard Time. Location: 41 Tampines Street 92, #03-00 ABR Building, Singapore Agenda: To receive and adopt the Directors' Statement and Audited Financial Statements for the financial year ended 31 December 2023 together with the Independent Auditor's Report thereon; to approve the payment of a tax exempt (1-tier) Final Dividend of 1.00 Singapore cent per ordinary share for the financial year ended 31 December 2023; to approve the payment of the Directors' fees of SGD 205,000 for the financial year ended 31 December 2023; to approve the payment of the Directors' fees of SGD 205,000 for the financial year ending 31 December 2024; to re-elect Mr. Allan Chua Tiang Kwang, the director retiring by rotation pursuant to Article 98 of the Company's Constitution; to re-elect Mr. Chua Tiang Choon, Keith, the director retiring by rotation pursuant to Article 98 of the Company's Constitution; to re-appoint Messrs Baker Tilly TFW LLP as Auditor of the Company and to authorise the Directors to fix the Auditor's remuneration; and to consider other matters. Reported Earnings • Feb 24
Full year 2023 earnings released: EPS: S$0.018 (vs S$0.012 in FY 2022) Full year 2023 results: EPS: S$0.018 (up from S$0.012 in FY 2022). Revenue: S$116.9m (up 15% from FY 2022). Net income: S$3.54m (up 45% from FY 2022). Profit margin: 3.0% (up from 2.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Jan 23
MD & Executive Director recently bought S$83k worth of stock On the 19th of January, Yee Lim Ang bought around 175k shares on-market at roughly S$0.48 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. Yee Lim has been a buyer over the last 12 months, purchasing a net total of S$175k worth in shares. Board Change • Dec 29
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent & Non-Executive Director Jen Howe Lim was the last independent director to join the board, commencing their role in 2003. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 10
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent & Non-Executive Director Jen Howe Lim was the last independent director to join the board, commencing their role in 2003. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 29
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent & Non-Executive Director Jen Howe Lim was the last independent director to join the board, commencing their role in 2003. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 23
ABR Holdings Limited Declares One-Tier Tax Exempt Interim Dividend for the Financial Year Ending 31 December 2023, Payable on 22 September 2023 ABR Holdings Limited declared announced that the Transfer Books and Register of Members of the Company will be closed from 5:00 p.m. on 7 September 2023 up to (and including) 8 September 2023 for the purposes of determining shareholders' entitlements to the one-tier tax exempt interim dividend for the financial year ending 31 December 2023 ("FY2023 Interim Dividend") of 0.25 Singapore cent per ordinary share. Duly completed registrable transfers received by the Company's Share Registrar, Tricor Barbinder Share Registration Services at 80 Robinson Road, #11-02 Singapore 068898 up to 5.00 p.m. on 7 September 2023, will be registered to determine shareholders' entitlements to the FY2023 Interim Dividend. Shareholders whose securities accounts maintained with The Central Depository (Pte) Limited are credited with shares in the Company as at 5.00 p.m. on 7 September 2023, will be entitled to the FY2023 Interim Dividend. The FY2023 Interim Dividend payment date will be 22 September 2023. Reported Earnings • Aug 16
First half 2023 earnings released: EPS: S$0.001 (vs S$0.001 in 1H 2022) First half 2023 results: EPS: S$0.001 (in line with 1H 2022). Revenue: S$56.5m (up 24% from 1H 2022). Net income: S$228.0k (up 105% from 1H 2022). Profit margin: 0.4% (up from 0.2% in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Board Change • Jun 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent & Non-Executive Director Jen Howe Lim was the last independent director to join the board, commencing their role in 2003. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent & Non-Executive Director Jen Howe Lim was the last independent director to join the board, commencing their role in 2003. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 11
Full year 2022 earnings released Full year 2022 results: Revenue: S$101.7m (up 36% from FY 2021). Net income: S$2.43m (down 2.2% from FY 2021). Profit margin: 2.4% (down from 3.3% in FY 2021). Recent Insider Transactions • Mar 03
MD & Executive Director recently bought S$92k worth of stock On the 2nd of March, Yee Lim Ang bought around 200k shares on-market at roughly S$0.46 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth S$144k. Yee Lim has been a buyer over the last 12 months, purchasing a net total of S$379k worth in shares. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: S$0.012 (vs S$0.012 in FY 2021) Full year 2022 results: EPS: S$0.012 (in line with FY 2021). Revenue: S$101.7m (up 36% from FY 2021). Net income: S$2.43m (down 2.2% from FY 2021). Profit margin: 2.4% (down from 3.3% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Board Change • Feb 17
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. 2 independent directors (5 non-independent directors). Independent & Non-Executive Director Jen Howe Lim was the last independent director to join the board, commencing their role in 2003. 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 • Feb 02
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. 2 independent directors (5 non-independent directors). Independent & Non-Executive Director Jen Howe Lim was the last independent director to join the board, commencing their role in 2003. 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 • Jan 05
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. 2 independent directors (5 non-independent directors). Independent & Non-Executive Director Jen Howe Lim was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Recent Insider Transactions • Dec 17
MD & Executive Director recently bought S$144k worth of stock On the 15th of December, Yee Lim Ang bought around 320k shares on-market at roughly S$0.45 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. Yee Lim has been a buyer over the last 12 months, purchasing a net total of S$342k worth in shares. Board Change • Dec 09
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. 2 independent directors (5 non-independent directors). Independent & Non-Executive Director Jen Howe Lim was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 14
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down S$386.0k from profit in 1H 2021). Profit margin: (down from 1.1% in 1H 2021). 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 14% per year, which means it is significantly lagging earnings. Announcement • Aug 13
ABR Holdings Limited Declares Interim Cash Tax-Exempt (1-Tier) Dividend for Six Months Ended June 30, 2022 ABR Holdings Limited declared interim cash Tax-exempt (1-tier) dividend of 0.25 cents per share for six months ended June 30, 2022. Board Change • Jul 15
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. 2 independent directors (5 non-independent directors). Independent & Non-Executive Director Jen Howe Lim was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Recent Insider Transactions • May 25
MD & Executive Director recently bought S$143k worth of stock On the 24th of May, Yee Lim Ang bought around 302k shares on-market at roughly S$0.47 per share. This was the largest purchase by an insider in the last 3 months. Yee Lim has been a buyer over the last 12 months, purchasing a net total of S$434k worth in shares. Announcement • May 02
ABR Holdings Limited Approves Declaration of Final Dividend for the Financial Year Ended 31 December 2021, Payable on May 25, 2022 ABR Holdings Limited approved declaration of a tax exempt (1-tier) final dividend of 0.75 Singapore cent per ordinary share for the financial year ended 31 December 2021 at the AGM held on April 29, 2022. The Transfer Books and Register of Members of the Company will be closed from 5:00 p.m. on 10 May 2022 up to (and including) 11 May 2022 for the purposes of determining shareholders' entitlements to the proposed final one-tier tax exempt dividend for the financial year ended 31 December 2021. The proposed fiscal year 2021 Final Dividend, if approved by shareholders at the Annual General Meeting, will be paid on 25 May 2022. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. 2 independent directors (5 non-independent directors). Independent & Non-Executive Director Jen Howe Lim was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 16
Full year 2021 earnings released: EPS: S$0.012 (vs S$0.03 in FY 2020) Full year 2021 results: EPS: S$0.012 (down from S$0.03 in FY 2020). Revenue: S$74.6m (down 13% from FY 2020). Net income: S$2.49m (down 58% from FY 2020). Profit margin: 3.3% (down from 7.0% in FY 2020). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Apr 13
ABR Holdings Limited, Annual General Meeting, Apr 29, 2022 ABR Holdings Limited, Annual General Meeting, Apr 29, 2022, at 11:00 Singapore Standard Time. Agenda: To receive and adopt the Directors' Statement and Audited Financial Statements for the financial year ended 31 December 2021 together with the Independent Auditor's Report thereon; to approve the payment of a tax exempt (1-tier) Final Dividend of 0.75 Singapore cents per ordinary share for the financial year ended 31 December 2021; to approve the payment of the Directors' fees of S$205,000 for the financial year ended 31 December 2021 (FY2020: S$205,000); to re-elect Mr Chua Tiang Choon, Keith, the director retiring by rotation pursuant to Article 98 of the company's Constitution; to re-elect Mr Ang Lian Seng, the director retiring by rotation pursuant to Article 98 of the Company's Constitution; to re-elect Mr Ang Yee Lim, the director retiring pursuant to Rule 720(5) of the Listing Manual of Singapore Exchange Securities Trading Limited ("SGX-ST"); and to consider other matters. Board Change • Mar 17
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. 2 independent directors (5 non-independent directors). Independent & Non-Executive Director Jen Howe Lim was the last independent director to join the board, commencing their role in 2003. 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 • Feb 09
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent & Non-Executive Director Jen Howe Lim was the last independent director to join the board, commencing their role in 2003. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Dec 23
MD & Executive Director recently bought S$55k worth of stock On the 21st of December, Yee Lim Ang bought around 120k shares on-market at roughly S$0.46 per share. This was the largest purchase by an insider in the last 3 months. Yee Lim has been a buyer over the last 12 months, purchasing a net total of S$1.2m worth in shares. Board Change • Nov 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. 1 experienced director. 7 highly experienced directors. 2 independent directors (5 non-independent directors). Independent & Non-Executive Director Jen Howe Lim was the last independent director to join the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Recent Insider Transactions • Jun 05
MD & Executive Director recently bought S$96k worth of stock On the 3rd of June, Yee Lim Ang bought around 200k shares on-market at roughly S$0.48 per share. In the last 3 months, they made an even bigger purchase worth S$383k. Yee Lim has been a buyer over the last 12 months, purchasing a net total of S$1.2m worth in shares. Recent Insider Transactions • May 15
MD & Executive Director recently bought S$383k worth of stock On the 14th of May, Yee Lim Ang bought around 700k shares on-market at roughly S$0.55 per share. This was the largest purchase by an insider in the last 3 months. Yee Lim has been a buyer over the last 12 months, purchasing a net total of S$599k worth in shares. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS S$0.03 (vs S$0.01 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: S$86.0m (down 29% from FY 2019). Net income: S$5.98m (up 203% from FY 2019). Profit margin: 7.0% (up from 1.6% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 27
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: S$86.0m (down 29% from FY 2019). Net income: S$5.98m (up 203% from FY 2019). Profit margin: 7.0% (up from 1.6% in FY 2019). The increase in margin was driven by lower expenses. 
