Declared Dividend • May 02
Dividend increased to S$0.03 Dividend of S$0.03 is 11% higher than last year. Ex-date: 15th May 2026 Payment date: 3rd June 2026 Dividend yield will be 1.4%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (30% 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 76% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 02
Hotel Royal Limited, Annual General Meeting, Apr 30, 2026 Hotel Royal Limited, Annual General Meeting, Apr 30, 2026, at 14:30 Singapore Standard Time. Location: hotel royal queens, royal ballroom, level 3, 12 queen street, singapore 188553, Singapore New Risk • Mar 09
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% 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 03
Full year 2025 earnings released: EPS: S$0.083 (vs S$0.055 in FY 2024) Full year 2025 results: EPS: S$0.083 (up from S$0.055 in FY 2024). Revenue: S$74.1m (up 11% from FY 2024). Net income: S$10.0m (up 50% from FY 2024). Profit margin: 14% (up from 10.0% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. New Risk • Feb 28
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. Announcement • Jan 16
Hotel Royal Limited to Report Fiscal Year 2025 Results on Feb 27, 2026 Hotel Royal Limited announced that they will report fiscal year 2025 results on Feb 27, 2026 Reported Earnings • Aug 15
First half 2025 earnings released: EPS: S$0.023 (vs S$0.029 in 1H 2024) First half 2025 results: EPS: S$0.023 (down from S$0.029 in 1H 2024). Revenue: S$35.3m (up 8.6% from 1H 2024). Net income: S$2.79m (down 19% from 1H 2024). Profit margin: 7.9% (down from 11% in 1H 2024). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Jul 22
Hotel Royal Limited to Report First Half, 2025 Results on Aug 12, 2025 Hotel Royal Limited announced that they will report first half, 2025 results on Aug 12, 2025 Upcoming Dividend • May 16
Upcoming dividend of S$0.027 per share Eligible shareholders must have bought the stock before 21 May 2025. Payment date: 05 June 2025. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Singaporean dividend payers (6.1%). Lower than average of industry peers (3.9%). Declared Dividend • May 02
Dividend of S$0.027 announced Shareholders will receive a dividend of S$0.027. Ex-date: 21st May 2025 Payment date: 5th June 2025 Dividend yield will be 1.6%, which is lower than the industry average of 2.9%. Reported Earnings • Apr 09
Full year 2024 earnings released: EPS: S$0.055 (vs S$0.041 in FY 2023) Full year 2024 results: EPS: S$0.055 (up from S$0.041 in FY 2023). Revenue: S$66.8m (up 14% from FY 2023). Net income: S$6.69m (up 33% from FY 2023). Profit margin: 10.0% (up from 8.6% in FY 2023). Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Apr 07
Hotel Royal Limited Appoints Yuan Kwee Hsiang Daphne as Chief Operating Officer Hotel Royal Limited announced approved Ms Daphne Yuan's appointment as Chief Operating Officer, effective from 8 April 2025. January 2020 to January 2024: Chief Commercial Business Officer (Asset World Corporation) January 2019 to December 2019: General Director (SAS-CTAMAD) February 2017 to September 2018: Chief Executive Officer - Hospitality (Asia Strategic Holdings) September 2013 to September 2016: Vice President Asset Management & Operations (TCC Land Asset World) Professional Qualifications includes Diploma in Business from Temasek Polytechnic Singapore Bachelor of Commerce (Tourism Management) from Curtin University, Australia Director Certification Program from Thai Institute of Directors. Announcement • Apr 04
Hotel Royal Limited, Annual General Meeting, Apr 25, 2025 Hotel Royal Limited, Annual General Meeting, Apr 25, 2025, at 14:30 Singapore Standard Time. Location: hotel royal, level 3, royal room 1, 36 newton road, singapore 307964, Singapore New Risk • Mar 09
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 25% 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 01
Full year 2024 earnings released: EPS: S$0.055 (vs S$0.021 in FY 2023) Full year 2024 results: EPS: S$0.055 (up from S$0.021 in FY 2023). Revenue: S$66.8m (up 14% from FY 2023). Net income: S$6.69m (up 162% from FY 2023). Profit margin: 10.0% (up from 4.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Jan 16
Hotel Royal Limited to Report Fiscal Year 2024 Results on Feb 28, 2025 Hotel Royal Limited announced that they will report fiscal year 2024 results on Feb 28, 2025 Announcement • Nov 22
Hotel Royal Limited Announces Promotion of Lee Zongye as Deputy Chief Executive Officer Hotel Royal Limited announced that the Board of Directors, having considered the recommendation of the Nominating Committee and reviewing the qualifications, experience, performance and past contributions of Mr. Lee Zongye to the Group, has approved the promotion of Mr. Lee Zongye to Deputy Chief Executive Officer. The Board believes that this appointment aligns with the Company's commitment to developing internal leaders to ensure effective succession planning and continuity within the senior management team. Role And Responsibilities: Executive. Mr. Lee Zongye will support the Chief Executive Officer, Mr. Lee Chou Hock, in overseeing and managing key operations within the Company and the Group, providing operational leadership to advance the Group's strategic objectives in Singapore and in the Company's overseas operations. Working Experience: July 2018 - Present: Group Director of Project Development 2017 - 2018: Executive Architect & Project Manager, International Design (ID) Architects. 2011 - 2014: Architect & Project Manager, Studio V Architecture (New York, USA). Familial Relationship: Grand-Nephew of Mr. Lee Kin Hong (Non-Executive Director) and Mr. Lee Khin Tien (Non-Executive Director). Nephew of Mr. Lee Chu Muk (Non-Executive Director), Mr. Lee Chou Hor George (Non-Executive Director and Substantial Shareholder) and Mr. Lee Chou Tart (Substantial Shareholder). Son of Mr. Lee Chou Hock (Chief Executive Officer). Professional Qualifications Mr. Lee Zongye graduated with Master in Real Estate from Harvard University, Master of Architecture from Cornell University and Bachelor of Arts (Architecture) from National University of Singapore. Announcement • Sep 18
Hotel Royal Limited Announces the Resignation of Lee Chu Bing as Group Director of Operations of Hotel Royal Group Hotel Royal Limited announced the resignation of Mr. Lee Chu Bing as Group Director of Operations of Hotel Royal Group. Reason For Cessation: Mr. Lee Chu Bing tendered his resignation to pursue other career opportunities. Role And Responsibilities: As Group Director of Operations, Mr. Lee Chu Bing is responsible for the overall operations of Hotel Royal Group. Announcement • Aug 30
Hotel Royal Limited Announces Appointment of Lim Siew Li as Non-Executive and Independent Director and Member of Audit & Risk Committee Hotel Royal Limited approved the appointment of Ms Lim Siew Li as a Non-Executive and Independent Director and a member of Audit & Risk Committee of the Company. Working Experience: 2017 - 2023: Group Chief Financial Officer - Eu Yan Sang International Limited 2014 - 2017: Group Financial Director - AI Futtaim Private Co LLC. Other DirectorShips Past: Directorship: 1. Eu Yan Sang Holdings Pte Ltd. 2. Eu Yan Sang Marketing S Pte Ltd. Other DirectorShips Present: Directorship: 1. The Groud Co Ltd. 2. Sand Art Limited (Cayman Island) - Dormant 3. RH Petrogas Limited. Director Experience Details: 1. Independent Director of RH Petrogas Limited; 2. Group Financial Controller and Director of subsidiaries of Oakwell Engineering Limited from 1992 to 2003; 3. Group Financial Controller and Director of GRP Limited Group of Companies from 2008 to 2012. Professional Qualifications: Fellow Chartered Accountant with Institute of Singapore Chartered Accountants. Reported Earnings • Aug 18
First half 2024 earnings released: EPS: S$0.029 (vs S$0.019 in 1H 2023) First half 2024 results: EPS: S$0.029 (up from S$0.019 in 1H 2023). Revenue: S$32.5m (up 18% from 1H 2023). Net income: S$3.46m (up 50% from 1H 2023). Profit margin: 11% (up from 8.4% in 1H 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Jul 10
Hotel Royal Limited to Report First Half, 2024 Results on Aug 13, 2024 Hotel Royal Limited announced that they will report first half, 2024 results on Aug 13, 2024 Upcoming Dividend • May 18
Upcoming dividend of S$0.025 per share Eligible shareholders must have bought the stock before 23 May 2024. Payment date: 06 June 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.4%. Lower than top quartile of Singaporean dividend payers (6.3%). Lower than average of industry peers (3.4%). Declared Dividend • May 04
Dividend of S$0.025 announced Shareholders will receive a dividend of S$0.025. Ex-date: 23rd May 2024 Payment date: 6th June 2024 Dividend yield will be 1.5%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is not covered by earnings (118% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 32% to bring the payout ratio under control. However, EPS has declined by 22% over the last 5 years so the company would need to reverse this trend. Announcement • Apr 27
Hotel Royal Limited Approves (One-Tier Tax Exempt) First and Final Dividend for the Financial Year Ended December 31, 2023 Hotel Royal Limited at its AGM held on April 26, 2024, approved First and Final One-Tier Tax Exempt Dividend of 2.5 cents per ordinary share for the financial year ended 31 December 2023. Announcement • Apr 05
Hotel Royal Limited, Annual General Meeting, Apr 26, 2024 Hotel Royal Limited, Annual General Meeting, Apr 26, 2024, at 14:30 Singapore Standard Time. Location: the Hotel Royal, Level 3, Royal Room 1, 36 Newton Road, Singapore Singapore Agenda: To receive and adopt the Directors' Statement and the Audited Financial Statements for the financial year ended 31 December 2023 together with the Auditors' Report thereon; to declare a First and Final Dividend of 2.5 cents per ordinary share one-tier tax exempt for the financial year ended 31 December 2023. (FY2022: 2.5 cents per ordinary share); to approve the payment of Directors' fees of $242,000 for the financial year ended 31 December 2023. (FY2022: $211,000); to re-elect Mr Lee Kin Hong who is retiring pursuant to Article 117 of the Company's Constitution, and who, being eligible, offers himself for re-election, as Director of the Company; and to consider other matters. New Risk • Feb 26
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: Major Risks Shares are highly illiquid. Earnings have declined by 35% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Announcement • Feb 10
Hotel Royal Limited to Report Fiscal Year 2023 Results on Feb 28, 2024 Hotel Royal Limited announced that they will report fiscal year 2023 results on Feb 28, 2024 Board Change • Oct 18
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. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Paul Leow was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 16
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. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Paul Leow was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 13
First half 2023 earnings released: EPS: S$0.016 (vs S$0.038 loss in 1H 2022) First half 2023 results: EPS: S$0.016 (up from S$0.038 loss in 1H 2022). Revenue: S$27.5m (up 64% from 1H 2022). Net income: S$1.96m (up S$5.82m from 1H 2022). Profit margin: 7.1% (up from net loss in 1H 2022). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Board Change • Jul 01
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. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Paul Leow was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 16
Upcoming dividend of S$0.025 per share at 1.2% yield Eligible shareholders must have bought the stock before 22 May 2023. Payment date: 09 June 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Singaporean dividend payers (6.5%). Lower than average of industry peers (3.3%). Announcement • May 09
Hotel Royal Limited Approves One-Tier Tax Exempt First and Final Dividend for the Financial Year Ended 31 December 2022, Payable on 9 June 2023 The Share Transfer Books and Register of Members of Hotel Royal Limited will be closed at 5.00 p.m. on 23 May 2023 ("Record Date") for the purposes of determining shareholders' entitlement to the one-tier tax exempt first and final dividend of 2.5 cents per ordinary share in the capital of the Company (the "Shares") for the financial year ended 31 December 2022 ("Dividend") that was approved at the Company's annual general meeting held on 28 April 2023. Duly completed registrable transfers received by the Company's Share Registrar, B.A.C.S. Private Limited, at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, up to 5.00 p.m. on 23 May 2023 will be registered to determine shareholders' entitlements to the Dividend. Shareholders whose securities accounts with The Central Depository (Pte) Limited are credited with Shares as at 5.00 p.m. on 23 May 2023 will be entitled to the Dividend. Payment of the Dividend will be made on 9 June 2023. Reported Earnings • Apr 13
Full year 2022 earnings released: S$0.033 loss per share (vs S$0.037 loss in FY 2021) Full year 2022 results: S$0.033 loss per share (improved from S$0.037 loss in FY 2021). Revenue: S$41.9m (up 59% from FY 2021). Net loss: S$3.44m (loss narrowed 7.7% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 18% 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. Reported Earnings • Mar 04
Full year 2022 earnings released: S$0.033 loss per share (vs S$0.11 loss in FY 2021) Full year 2022 results: S$0.033 loss per share (improved from S$0.11 loss in FY 2021). Revenue: S$41.9m (up 59% from FY 2021). Net loss: S$3.44m (loss narrowed 69% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 24% 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. Announcement • Jan 28
Hotel Royal Limited to Report Fiscal Year 2022 Results on Mar 01, 2023 Hotel Royal Limited announced that they will report fiscal year 2022 results on Mar 01, 2023 Recent Insider Transactions Derivative • Dec 09
Non-Executive Director exercised options to buy S$115k worth of stock. On the 8th of December, Khin Tien Lee exercised options to buy 56k shares at a strike price of around S$2.00, costing a total of S$113k. This transaction amounted to 20% of their direct individual holding at the time of the trade. Since December 2021, Khin Tien's direct individual holding has increased from 282.24k shares to 282.40k. Company insiders have collectively bought S$210k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Dec 08
Hotel Royal Limited has completed a Follow-on Equity Offering in the amount of SGD 40.32 million. Hotel Royal Limited has completed a Follow-on Equity Offering in the amount of SGD 40.32 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,160,000
Price\Range: SGD 2
Transaction Features: Rights Offering Announcement • Sep 02
Hotel Royal Limited Appoints of Teow Seok Boey as Chief Financial Officer Hotel Royal Limited announced the appointment of Teow Seok Boey as Chief Financial Officer. The Board, having considered the recommendation of the Nominating Committee ("NC") and Audit and Risk Committee ("ARC") and assessed Teow Seok Boey's qualifications, work experience and suitability, is of the view that she has requisite experience and capabilities to assume the duties and responsibilities as the Chief Financial Officer of the Company. Role And Responsibilities: The appointment is Executive. Teow Seok Boey is responsible for overall financial and accounting functions of the Group, including financial reporting, taxation, treasury and other corporate and regulatory matters of the Group. Working Experience: March 2010 to August 2022 - Deloitte & Touche LLP, Audit Senior Manager. Professional Qualifications: Ms. Teow Seok Boey graduated from University Utara Malaysia with a Bachelor of Accountancy (Hons). She is a member of Malaysian Institute of Accountants. Reported Earnings • Aug 14
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up S$2.22m from 1H 2021). Profit margin: (up from net loss in 1H 2021). Announcement • Aug 04
Hotel Royal Limited to Report First Half, 2022 Results on Aug 12, 2022 Hotel Royal Limited announced that they will report first half, 2022 results on Aug 12, 2022 Upcoming Dividend • May 13
Upcoming dividend of S$0.025 per share Eligible shareholders must have bought the stock before 20 May 2022. Payment date: 10 June 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Singaporean dividend payers (5.9%). Lower than average of industry peers (1.4%). Announcement • May 02
Hotel Royal Limited Approves One-Tier Tax Exempt First and Final Dividend for the Financial Year Ended December 31, 2021, Payable on June 10, 2022 Hotel Royal Limited at the annual general meeting held on April 30, 2022, approved one-tier tax exempt first and final dividend of 2.5 cents per ordinary share for the financial year ended December 31, 2021. Shareholders whose securities accounts with The Central Depository (Pte) Limited are credited with Shares as on 23 May 2022 will be entitled to the Dividend. Payment of the Dividend will be made on June 10, 2022. Reported Earnings • Mar 04
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: S$26.3m (down 14% from FY 2020). Net loss: S$10.9m (loss narrowed 48% from FY 2020). Revenue was in line with analyst estimates. Announcement • Feb 16
Hotel Royal Limited to Report Fiscal Year 2021 Results on Mar 01, 2022 Hotel Royal Limited announced that they will report fiscal year 2021 results on Mar 01, 2022 Upcoming Dividend • May 14
Upcoming dividend of S$0.025 per share Eligible shareholders must have bought the stock before 21 May 2021. Payment date: 11 June 2021. Trailing yield: 0.9%. Lower than top quartile of Singaporean dividend payers (4.7%). Lower than average of industry peers (1.4%). Announcement • Apr 28
Hotel Royal Limited Approves One-Tier Tax Exempt First and Final Dividend for the Financial Year Ended 31 December 2020, Payable on 11 June 2021 Hotel Royal Limited announced that at its AGM held on April 24, 2021, approved one-tier tax exempt first and final dividend of 2.5 cents per ordinary share for the financial year ended 31 December 2020. Share Transfer Books and Register of Members of the Company will be closed on 25 May 2021. The Dividends will be paid on 11 June 2021. Executive Departure • Apr 27
Independent Non-Executive Chairman & Lead Independent Director Eng Fong Pang has left the company On the 24th of April, Eng Fong Pang's tenure as Independent Non-Executive Chairman & Lead Independent Director ended after 3.0 years in the role. We don't have any record of a personal shareholding under Eng Fong's name. Eng Fong is the only executive to leave the company over the last 12 months. Reported Earnings • Apr 10
Full year 2020 earnings released: S$0.21 loss per share (vs S$0.048 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$30.6m (down 47% from FY 2019). Net loss: S$20.8m (down S$25.7m 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 87 percentage points per year, which is a significant difference in performance. Announcement • Mar 04
Hotel Royal Limited Announces Re-Designation of Lee Chu Bing to Group Director of Operations Hotel Royal Limited announced the re-designation of Lee Chu Bing from General Manager of Hotel Royal @ Queens (Singapore) Pte. Ltd. to Group Director of Operations. His working experience of April 2007 - Present: General Manager of Hotel Royal @ Queens (Singapore) Pte. Ltd. 2005 - March 2007. Appointment date is March 1, 2021. Reported Earnings • Mar 02
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: S$30.6m (down 47% from FY 2019). Net loss: S$20.8m (down S$25.7m from profit in FY 2019). Is New 90 Day High Low • Feb 10
New 90-day high: S$2.81 The company is up 3.0% from its price of S$2.72 on 12 November 2020. The Singaporean market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 12% over the same period. Announcement • Jan 21
Hotel Royal Limited to Report Fiscal Year 2020 Results on Feb 26, 2021 Hotel Royal Limited announced that they will report fiscal year 2020 results on Feb 26, 2021 Announcement • Jul 09
Hotel Royal Limited to Report First Half, 2020 Results on Aug 07, 2020 Hotel Royal Limited announced that they will report first half, 2020 results on Aug 07, 2020 
