Upcoming Dividend • May 05
Upcoming dividend of S$0.012 per share Eligible shareholders must have bought the stock before 12 May 2026. Payment date: 28 May 2026. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Singaporean dividend payers (5.0%). Lower than average of industry peers (4.1%). Reported Earnings • Apr 15
Full year 2025 earnings released: EPS: S$0.048 (vs S$0.005 in FY 2024) Full year 2025 results: EPS: S$0.048 (up from S$0.005 in FY 2024). Revenue: S$228.8m (up 1.7% from FY 2024). Net income: S$19.4m (up S$17.5m from FY 2024). Profit margin: 8.5% (up from 0.8% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • Mar 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 89% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 04
Full year 2025 earnings released: EPS: S$0.048 (vs S$0.005 in FY 2024) Full year 2025 results: EPS: S$0.048 (up from S$0.005 in FY 2024). Revenue: S$247.8m (up 10% from FY 2024). Net income: S$19.4m (up S$17.5m from FY 2024). Profit margin: 7.8% (up from 0.8% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results. Declared Dividend • Mar 01
Dividend increased to S$0.012 Dividend of S$0.012 is 50% higher than last year. Ex-date: 12th May 2026 Payment date: 28th May 2026 Dividend yield will be 1.2%, which is lower than the industry average of 2.9%. Payout Ratios Payout ratio: 59%. Cash payout ratio: 10%. Announcement • Feb 28
Bonvests Holdings Limited announces Annual dividend, payable on May 28, 2026 Bonvests Holdings Limited announced Annual dividend of SGD 0.0120 per share payable on May 28, 2026, ex-date on May 12, 2026 and record date on May 13, 2026. Reported Earnings • Aug 19
First half 2025 earnings released: EPS: S$0.003 (vs S$0.006 loss in 1H 2024) First half 2025 results: EPS: S$0.003 (up from S$0.006 loss in 1H 2024). Revenue: S$106.7m (down 2.4% from 1H 2024). Net income: S$1.37m (up S$3.60m from 1H 2024). Profit margin: 1.3% (up from net loss in 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • May 31
Founder & Executive Chairman recently bought S$204k worth of stock On the 29th of May, Henry Ngo bought around 227k shares on-market at roughly S$0.90 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. Henry has been a buyer over the last 12 months, purchasing a net total of S$348k worth in shares. Reported Earnings • Apr 13
Full year 2024 earnings released: EPS: S$0.005 (vs S$0.018 in FY 2023) Full year 2024 results: EPS: S$0.005 (down from S$0.018 in FY 2023). Revenue: S$225.0m (up 3.4% from FY 2023). Net income: S$1.87m (down 74% from FY 2023). Profit margin: 0.8% (down from 3.3% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Board Change • Mar 26
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Yeok Yuen Chin 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. New Risk • Mar 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 455% 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 Risk Shares are highly illiquid. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin). Declared Dividend • Mar 03
Dividend of S$0.008 announced Dividend of S$0.008 is the same as last year. Ex-date: 9th May 2025 Payment date: 28th May 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.9%. Payout Ratios Payout ratio: 54%. Cash payout ratio: 9%. Announcement • Mar 02
Bonvests Holdings Limited announces Annual dividend, payable on May 28, 2025 Bonvests Holdings Limited announced Annual dividend of SGD 0.0080 per share payable on May 28, 2025, ex-date on May 09, 2025 and record date on May 13, 2025. New Risk • Mar 01
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. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.7% net profit margin). Announcement • Feb 28
Bonvests Holdings Limited, Annual General Meeting, Apr 28, 2025 Bonvests Holdings Limited, Annual General Meeting, Apr 28, 2025. Board Change • Feb 05
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Yeok Yuen Chin 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. Board Change • Sep 05
Less than half of directors are independent Following Executive Director Steven Long's arrival on 01 September 2024, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Yeok Yuen Chin 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. Announcement • Aug 30
Bonvests Holdings Limited Announces Appointment of Mr. Long Sie Fong as Executive Director, Effective September 1, 2024 The Board of Directors of Bonvests Holdings Limited approved the appointment of Mr. Long Sie Fong as Executive Director, effective September 1, 2024. Mr. Long is in charge of Sheraton Towers Singapore Hotel. Job Title is Executive Director. Working Experience as General Manager, Sheraton Towers Singapore Hotel. Professional Qualifications is Master of Business Administration degree from Eastern Michigan University in 1987. Bachelor of Commerce degree with High Honours from Carleton University in 1986. Reported Earnings • Aug 17
First half 2024 earnings released: S$0.006 loss per share (vs S$0.003 loss in 1H 2023) First half 2024 results: S$0.006 loss per share (further deteriorated from S$0.003 loss in 1H 2023). Revenue: S$109.8m (up 3.5% from 1H 2023). Net loss: S$2.23m (loss widened 110% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Aug 02
Bonvests Holdings Limited to Report First Half, 2024 Results on Aug 14, 2024 Bonvests Holdings Limited announced that they will report first half, 2024 results on Aug 14, 2024 Announcement • May 03
Bonvests Holdings Limited Appointments Chin Yeok Yuen as an Independent Director Bonvests Holdings Limited announced the appointment of Chin Yeok Yuen as an Independent Director. Date of appointment is May 02, 2024. Role And Responsibilities: The appointment is non-executive. Job Title: Independent director, NC Chairman, RC Member, AC Member. Working Experience: Chief Financial Officer of Low Keng Huat (Singapore) Limited. Other DirectorShips Present: Chief Financial Officer of PWS Global Risks Pte Ltd. Director Experience Details: Ms. Chin Yeok Yuen will be briefed on the rules of the Singapore Listing Manual and the code of Corporate Goverance. She will attend training on the roles and responsibilities of a director of a listed company. Professional Qualifications include Fellow Chartered Accountant of Singapore or FCA (Singapore) of Institute of Singapore Chartered Accountants since 5 June 1985 Fellow Certified Practising Accountant or FCPA of CPA Australia since January 2010. Board Change • May 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. 3 non-independent directors. Independent Non-Executive Director Heng Fong was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 14
Full year 2023 earnings released: EPS: S$0.018 (vs S$0.052 in FY 2022) Full year 2023 results: EPS: S$0.018 (down from S$0.052 in FY 2022). Revenue: S$217.5m (up 3.8% from FY 2022). Net income: S$7.17m (down 65% from FY 2022). Profit margin: 3.3% (down from 9.9% in FY 2022). 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 1% per year, which means it is significantly lagging earnings. New Risk • Mar 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 179% 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: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.3% net profit margin). Reported Earnings • Mar 02
Full year 2023 earnings released Full year 2023 results: Revenue: S$228.1m (up 8.8% from FY 2022). Net income: S$7.17m (down 65% from FY 2022). Profit margin: 3.1% (down from 9.9% in FY 2022). The decrease in margin was driven by higher expenses. New Risk • Mar 01
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). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.6% net profit margin). Recent Insider Transactions • Oct 26
Founder & Executive Chairman recently bought S$120k worth of stock On the 23rd of October, Henry Ngo bought around 120k shares on-market at roughly S$1.00 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. Henry has been a buyer over the last 12 months, purchasing a net total of S$1.2m worth in shares. Recent Insider Transactions • Aug 22
Founder & Executive Chairman recently bought S$110k worth of stock On the 18th of August, Henry Ngo bought around 110k shares on-market at roughly S$1.00 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. Henry has been a buyer over the last 12 months, purchasing a net total of S$1.0m worth in shares. Reported Earnings • Aug 16
First half 2023 earnings released: S$0.003 loss per share (vs S$0.012 profit in 1H 2022) First half 2023 results: S$0.003 loss per share (down from S$0.012 profit in 1H 2022). Revenue: S$105.7m (up 13% from 1H 2022). Net loss: S$1.06m (down 121% from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Aug 15
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.7% Last year net profit margin: 15% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.7% net profit margin). Significant insider selling over the past 3 months (S$486k sold). Announcement • Aug 01
Bonvests Holdings Limited to Report First Half, 2023 Results on Aug 14, 2023 Bonvests Holdings Limited announced that they will report first half, 2023 results on Aug 14, 2023 New Risk • Jun 23
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: S$486k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.6% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (S$486k sold). Announcement • May 11
Bonvests Holdings Limited Announces Final One-Tier Tax Exempt Dividend for the Financial Year Ended 31 December 2022 Bonvests Holdings Limited announced final one-tier tax exempt dividend of 1.60 cents per share for the financial year ended 31 December 2022 be approved. The proposed dividend, if approved by the shareholders, will be paid on 26 May 2023 to shareholders who are registered in the Register of Members on 12 May 2023. Upcoming Dividend • May 04
Upcoming dividend of S$0.016 per share at 1.7% yield Eligible shareholders must have bought the stock before 11 May 2023. Payment date: 26 May 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Singaporean dividend payers (6.3%). Lower than average of industry peers (3.2%). Reported Earnings • Apr 14
Full year 2022 earnings released: EPS: S$0.052 (vs S$0.031 in FY 2021) Full year 2022 results: EPS: S$0.052 (up from S$0.031 in FY 2021). Revenue: S$209.7m (up 55% from FY 2021). Net income: S$20.7m (up 69% from FY 2021). Profit margin: 9.9% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 26
Founder & Executive Chairman recently bought S$480k worth of stock On the 23rd of March, Henry Ngo bought around 500k shares on-market at roughly S$0.96 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. Henry has been a buyer over the last 12 months, purchasing a net total of S$2.3m worth in shares. Reported Earnings • Feb 26
Full year 2022 earnings released: EPS: S$0.052 (vs S$0.031 in FY 2021) Full year 2022 results: EPS: S$0.052 (up from S$0.031 in FY 2021). Revenue: S$223.2m (up 65% from FY 2021). Net income: S$20.7m (up 69% from FY 2021). Profit margin: 9.3% (up from 9.1% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Aug 31
Founder & Executive Chairman recently bought S$1.6m worth of stock On the 22nd of August, Henry Ngo bought around 2m shares on-market at roughly S$0.98 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Henry has been a buyer over the last 12 months, purchasing a net total of S$2.6m worth in shares. Reported Earnings • Aug 09
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up S$7.34m from 1H 2021). Profit margin: (up from net loss in 1H 2021). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 15
Full year 2021 earnings released: EPS: S$0.031 (vs S$0.10 loss in FY 2020) Full year 2021 results: EPS: S$0.031 (up from S$0.10 loss in FY 2020). Revenue: S$135.0m (up 11% from FY 2020). Net income: S$12.3m (up S$53.5m from FY 2020). Profit margin: 9.1% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 59% 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. Announcement • Apr 11
Bonvests Holdings Limited, Annual General Meeting, Apr 26, 2022 Bonvests Holdings Limited, Annual General Meeting, Apr 26, 2022, at 14:00 Singapore Standard Time. Agenda: To receive and adopt the Audited Financial Statements together with the Directors' Statement and the Auditor's Report thereon; to consider declaration of a final one-tier tax exempt dividend; to re-elect Mr. Henry Ngo as a director; to re-elect Mr. Andy Xie Guoyuan; to re-elect Mr. Fong Heng Boo; to re-elect Mr. Teo Lip Hua Benedict; to approve directors' fee; to re-appoint PricewaterhouseCoopers LLP as Auditor; to approve the proposed Share Issue Mandate; and to approve the proposed Share Buy-Back Mandate. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: S$166.5m (up 37% from FY 2020). Net income: S$12.3m (up S$53.5m from FY 2020). Profit margin: 7.4% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Announcement • Feb 25
Bonvests Holdings Limited Proposes Final One-Tier Tax Exempt Dividend for the Financial Year Ended 31 December 2021, Payable on 26 May 2022 Bonvests Holdings Limited announced that subject to the approval of the shareholders at the 53rd Annual General Meeting of the company to be held on 26 April 2022, a final one-tier tax exempt dividend of 0.75 Singapore cents per share in respect of the financial year ended 31 December 2021 will be paid on 26 May 2022 to shareholders whose names appear in the Register of Members on 12 May 2022. Recent Insider Transactions • Nov 20
Founder recently bought S$788k worth of stock On the 17th of November, Henry Ngo bought around 821k shares on-market at roughly S$0.96 per share. This was the largest purchase by an insider in the last 3 months. Henry has been a buyer over the last 12 months, purchasing a net total of S$1.4m worth in shares. Reported Earnings • Aug 09
First half 2021 earnings released: S$0.018 loss per share (vs S$0.045 loss in 1H 2020) The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2021 results: Revenue: S$60.2m (down 15% from 1H 2020). Net loss: S$7.34m (loss narrowed 59% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Board Change • Jul 31
High number of new directors Lead Independent Director David Chew was the last director to join the board, commencing their role in 2021. Executive Departure • May 07
Independent Director has left the company On the 30th of April, Wee Kiong Yeo's tenure in the role of Independent Director ended. As of December 2020, Wee Kiong personally held 420.00k shares (S$380k worth at the time). A total of 2 executives have left over the last 12 months. Recent Insider Transactions • May 05
Founder recently bought S$420k worth of stock On the 3rd of May, Henry Ngo bought around 420k shares on-market at roughly S$1.00 per share. This was the largest purchase by an insider in the last 3 months. Henry has been a buyer over the last 12 months, purchasing a net total of S$480k worth in shares. Executive Departure • May 04
Lead Independent Director has left the company On the 29th of April, Lat Shing Yee's tenure in the role of Lead Independent Director ended. As of December 2020, Lat Shing personally held 420.00k shares (S$380k worth at the time). Lat Shing is the only executive to leave the company over the last 12 months. Announcement • Feb 27
Bonvests Holdings Limited, Annual General Meeting, Apr 29, 2021 Bonvests Holdings Limited, Annual General Meeting, Apr 29, 2021. Agenda: To propose Final dividend. Reported Earnings • Feb 26
Full year 2020 earnings released: S$0.10 loss per share (vs S$0.01 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: S$139.1m (down 39% from FY 2019). Net loss: S$41.2m (down S$45.0m from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 11
New 90-day high: S$0.92 The company is up 8.0% from its price of S$0.85 on 12 October 2020. The Singaporean market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 21
New 90-day high: S$0.90 The company is up 5.0% from its price of S$0.86 on 21 September 2020. The Singaporean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 15% over the same period. Is New 90 Day High Low • Nov 17
New 90-day high: S$0.88 The company is up 1.0% from its price of S$0.88 on 19 August 2020. The Singaporean market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 7.0% over the same period.