Board Change • May 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CEO & Executive Director Gerald Pang was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 11
Advanced Holdings Ltd., Annual General Meeting, Apr 27, 2026 Advanced Holdings Ltd., Annual General Meeting, Apr 27, 2026, at 14:00 Singapore Standard Time. Location: nuss kent ridge guild house, 9 kent ridge drive singapore 119241, Singapore New Risk • Apr 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$7.70m (US$5.98m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 12% per year over the past 5 years. Market cap is less than US$10m (S$7.70m market cap, or US$5.98m). Minor Risk Revenue is less than US$5m (S$6.3m revenue, or US$4.9m). Reported Earnings • Feb 27
Full year 2025 earnings released: S$0.032 loss per share (vs S$0.025 loss in FY 2024) Full year 2025 results: S$0.032 loss per share (further deteriorated from S$0.025 loss in FY 2024). Revenue: S$6.28m (up 50% from FY 2024). Net loss: S$3.20m (loss widened 27% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. New Risk • Oct 15
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$12.3m (US$9.45m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Market cap is less than US$10m (S$12.3m market cap, or US$9.45m). Minor Risks Significant insider selling over the past 3 months (S$4.5m sold). Revenue is less than US$5m (S$5.4m revenue, or US$4.1m). Announcement • Aug 27
Asia Agri Renewable Fund acquired 16.78% stake in Advanced Holdings Ltd. (Catalist:BLZ) from Wong Kar King. Asia Agri Renewable Fund acquired 16.78% stake in Advanced Holdings Ltd. (Catalist:BLZ) from Wong Kar King on August 26, 2025. As part of Acquistion, 17 million shares were acquired. Post acquisition, Wong Kar King holds 8.3% stake in Advanced Holdings. Following the Transaction, Wong Kar King ceases to be a controlling shareholder but remains the Managing Director of the Advanced Holdings.
Asia Agri Renewable Fund completed the acquisition of 16.78% stake in Advanced Holdings Ltd. (Catalist:BLZ) from Wong Kar King on August 26, 2025. Reported Earnings • Aug 13
First half 2025 earnings released: S$0.015 loss per share (vs S$0.015 loss in 1H 2024) First half 2025 results: S$0.015 loss per share (in line with 1H 2024). Revenue: S$3.09m (up 42% from 1H 2024). Net loss: S$1.57m (loss widened 5.9% from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • Jun 24
Advanced Holdings Ltd. Appoints Giam Ban Ian Giselia as Independent Director, Chairman of the Audit Committee, and Member of Nominating Committee and Remuneration Committee, Effective on June 24, 2025 Advanced Holdings Ltd. announced appointment of Giam Ban Ian Giselia as Independent Director, Chairman of the Audit Committee, and Member of the Nominating Committee and Remuneration Committee. Working Experience; Jun 2018 to Current - Senior Vice President, Administration & Chief Financial Officer, Singapore University of Technology & Design Apr. 2012 to May 2018 - Senior Director, Finance & Corporate Services, Singapore University of Technology & Design. Other DirectorShips Present; Singapore University of Technology & Design.
Professional Qualifications; Master of Business Administration, Eastern Michigan University, USA Bachelor of Accountancy, National University of Singapore GCE 'A' Level, Temasek Junior College. Appointment Date is June 24, 2025. Board Change • May 26
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. Non-Executive Independent Director Danny Lien 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 • Apr 09
Advanced Holdings Ltd., Annual General Meeting, Apr 25, 2025 Advanced Holdings Ltd., Annual General Meeting, Apr 25, 2025, at 14:30 Singapore Standard Time. Location: kent ridge guild house, 9 kent ridge drive, singapore 119241, Singapore 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 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 Risks Shares are highly illiquid. Market cap is less than US$10m (S$10.9m market cap, or US$8.10m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Reported Earnings • Aug 18
First half 2024 earnings released: S$0.015 loss per share (vs S$0.006 loss in 1H 2023) First half 2024 results: S$0.015 loss per share (further deteriorated from S$0.006 loss in 1H 2023). Revenue: S$2.17m (down 19% from 1H 2023). Net loss: S$1.49m (loss widened 143% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 15
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$13.2m (US$9.99m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Market cap is less than US$10m (S$13.2m market cap, or US$9.99m). Board Change • May 02
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent & Non-Executive Chairman Yeow Beng Lim was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 05
Advanced Holdings Ltd. Announces Retirement of Lim Boon Cheng as Independent and Non-Executive Chairman, with Effect from 26 April 2024 Advanced Holdings Ltd. announced the Retirement of Mr. Lim Boon Cheng as Independent and Non-Executive Chairman. Role And Responsibilities: Duties of an Independent and Non-Executive Chairman, Chairman of the Audit Committee and the Remuneration Committee, and member of the Nominating Committee; Job Title: Independent and Non-Executive Chairman, Chairman of the Audit Committee and the Remuneration Committee, and Member of the Nominating Committee Other DirectorShips Past: Fitzroy Corporate Advisory FGPO (Singapore) Ltd. FG Investors Pte Ltd; Other DirectorShips Present: BBR Holdings (S) Ltd. Design Capital Ltd. AIB MT Fund Asia Pte Ltd; Reason For Cessation: To comply with Rule 406(3)(d)(iv) of the SGX-ST Listing Manual Section B: Rules of Catalist and to facilitate the renewal of Independent Directors on the Board, Mr. Lim Boon Cheng will be stepping down as an Independent and Non-Executive Chairman of the Company with effect from 26 April 2024, and he will concurrently relinquish his position as Chairman of the Audit Committee and the Remuneration Committee, and Member of the Nominating Committee. Based on its enquiries, the Sponsor is satisfied that, saved as disclosed in this announcement, there are no other material reasons for the retirement of Mr. Lim Boon Cheng as an Independent and Non-Executive Chairman of the Company. Announcement • Mar 23
Advanced Holdings Ltd., Annual General Meeting, Apr 26, 2024 Advanced Holdings Ltd., Annual General Meeting, Apr 26, 2024. Reported Earnings • Feb 27
Full year 2023 earnings released: S$0.035 loss per share (vs S$0.016 loss in FY 2022) Full year 2023 results: S$0.035 loss per share (further deteriorated from S$0.016 loss in FY 2022). Revenue: S$8.37m (down 37% from FY 2022). Net loss: S$3.58m (loss widened 117% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. 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 3.7% per year over the past 5 years. Market cap is less than US$10m (S$12.9m market cap, or US$9.58m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Significant insider selling over the past 3 months (S$4.0m sold). Revenue is less than US$5m (S$6.1m revenue, or US$4.5m). New Risk • Dec 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$12.9m (US$9.60m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 3.7% per year over the past 5 years. Market cap is less than US$10m (S$12.9m market cap, or US$9.60m). Minor Risk Revenue is less than US$5m (S$6.1m revenue, or US$4.5m). Recent Insider Transactions • Oct 26
Founder recently bought S$1.0m worth of stock On the 23rd of October, Kar King Wong bought around 3m shares on-market at roughly S$0.31 per share. This transaction amounted to 8.7% 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 Kar King's only on-market trade for the last 12 months. New Risk • Aug 12
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: S$6.1m (US$4.5m) This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 0.8% per year over the past 5 years. Market cap is less than US$10m (S$8.51m market cap, or US$6.29m). Minor Risk Revenue is less than US$5m (S$6.1m revenue, or US$4.5m). Reported Earnings • Aug 11
First half 2023 earnings released: S$0.61 loss per share (vs S$0.001 profit in 1H 2022) First half 2023 results: S$0.61 loss per share (down from S$0.001 profit in 1H 2022). Revenue: S$2.69m (down 86% from 1H 2022). Net loss: S$613.0k (down S$743.0k from profit in 1H 2022). 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 4% per year, which means it is significantly lagging earnings. Board Change • Mar 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. 1 experienced director. 3 highly experienced directors. Independent Director Yeow Beng Lim 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 • Mar 03
Full year 2022 earnings released: S$0.016 loss per share (vs S$0.023 loss in FY 2021) Full year 2022 results: S$0.016 loss per share (improved from S$0.023 loss in FY 2021). Revenue: S$13.3m (down 68% from FY 2021). Net loss: S$1.65m (loss narrowed 30% from FY 2021). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Feb 24
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. 3 highly experienced directors. Independent Director Yeow Beng Lim 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 • Feb 03
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. 3 highly experienced directors. Independent Director Yeow Beng Lim 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 • 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. 1 experienced director. 3 highly experienced directors. Independent Director Yeow Beng Lim 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 • Sep 21
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. 3 highly experienced directors. Independent Director Yeow Beng Lim 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 • Sep 02
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. 3 highly experienced directors. Independent Director Yeow Beng Lim 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 • Aug 13
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up S$582.0k 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 38% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 17
Full year 2021 earnings released: S$0.023 loss per share (vs S$0.028 profit in FY 2020) Full year 2021 results: S$0.023 loss per share (down from S$0.028 profit in FY 2020). Revenue: S$41.7m (down 29% from FY 2020). Net loss: S$2.34m (down 184% from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Apr 14
Advanced Holdings Ltd., Annual General Meeting, Apr 28, 2022 Advanced Holdings Ltd., Annual General Meeting, Apr 28, 2022, at 14:00 Singapore Standard Time. Agenda: To receive and adopt the Audited Financial Statements for the financial year ended 31 December 2021 together with the Directors' Statement and the Auditors' Report of the Company; to consider re-electing directors; to approve directors’ fees for the financial year ending 31 December 2022; to consider reappointment of Messrs Ernst & Young LLP as the Auditors of the Company; and to transact other business issues. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: S$41.7m (down 29% from FY 2020). Net loss: S$2.34m (down 184% from profit in FY 2020). Revenue was in line with analyst estimates. Reported Earnings • Apr 20
Full year 2020 earnings released: EPS S$0.028 (vs S$0.15 loss 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$59.1m (down 35% from FY 2019). Net income: S$2.80m (up S$17.7m from FY 2019). Profit margin: 4.7% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 28
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$59.1m (down 35% from FY 2019). Net income: S$2.80m (up S$17.7m from FY 2019). Profit margin: 4.7% (up from net loss in FY 2019). The move to profitability was driven by lower expenses.