Reported Earnings • Apr 13
Full year 2025 earnings released: US$0.001 loss per share (vs US$0.002 profit in FY 2024) Full year 2025 results: US$0.001 loss per share (down from US$0.002 profit in FY 2024). Revenue: US$20.8m (down 21% from FY 2024). Net loss: US$1.90m (down 267% from profit in FY 2024). 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 35% per year, which means it is significantly lagging earnings. Announcement • Apr 08
CH Offshore Ltd., Annual General Meeting, Apr 24, 2026 CH Offshore Ltd., Annual General Meeting, Apr 24, 2026, at 10:00 Singapore Standard Time. Location: republic of singapore yacht club, nautical room, 52 west coast ferry road, singapore 126887, Singapore Reported Earnings • Mar 04
Full year 2025 earnings released: US$0.001 loss per share (vs US$0.002 profit in FY 2024) Full year 2025 results: US$0.001 loss per share (down from US$0.002 profit in FY 2024). Revenue: US$20.8m (down 21% from FY 2024). Net loss: US$2.05m (down 280% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. New Risk • Mar 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (200% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (S$31.7m market cap, or US$24.8m). New Risk • Feb 14
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: Major Risk Shareholders have been substantially diluted in the past year (200% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (S$29.6m market cap, or US$23.5m). New Risk • Aug 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$115k 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 Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Shareholders have been substantially diluted in the past year (200% increase in shares outstanding). Minor Risks Significant insider selling over the past 3 months (S$115k sold). Market cap is less than US$100m (S$31.7m market cap, or US$24.7m). Reported Earnings • Jul 31
First half 2025 earnings released: EPS: US$0 (vs US$0.001 in 1H 2024) First half 2025 results: EPS: US$0 (down from US$0.001 in 1H 2024). Revenue: US$10.8m (down 27% from 1H 2024). Net income: US$236.0k (down 57% from 1H 2024). Profit margin: 2.2% (down from 3.7% in 1H 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. New Risk • Jun 21
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 200% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Shareholders have been substantially diluted in the past year (200% increase in shares outstanding). Minor Risk Market cap is less than US$100m (S$29.6m market cap, or US$23.0m). New Risk • May 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Singaporean stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Market cap is less than US$10m (S$12.0m market cap, or US$9.33m). Reported Earnings • Apr 12
Full year 2024 earnings released: EPS: US$0.002 (vs US$0.012 loss in FY 2023) Full year 2024 results: EPS: US$0.002 (up from US$0.012 loss in FY 2023). Revenue: US$26.2m (up 8.9% from FY 2023). Net income: US$1.14m (up US$9.75m from FY 2023). Profit margin: 4.3% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Announcement • Apr 09
CH Offshore Ltd., Annual General Meeting, Apr 25, 2025 CH Offshore Ltd., Annual General Meeting, Apr 25, 2025, at 10:00 Singapore Standard Time. Location: republic of singapore yacht club, nautical room, 52 west coast ferry road, singapore 126887, Singapore Announcement • Mar 06
CH Offshore Ltd. has filed a Follow-on Equity Offering in the amount of SGD 14.09785 million. CH Offshore Ltd. has filed a Follow-on Equity Offering in the amount of SGD 14.09785 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 1,409,785,028
Price\Range: SGD 0.01
Transaction Features: Rights Offering Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: US$0.002 (vs US$0.012 loss in FY 2023) Full year 2024 results: EPS: US$0.002 (up from US$0.012 loss in FY 2023). Revenue: US$26.2m (up 8.9% from FY 2023). Net income: US$1.14m (up US$9.75m from FY 2023). Profit margin: 4.3% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. New Risk • Feb 14
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: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (S$32.4m market cap, or US$24.2m). Announcement • Oct 07
Baker Technology Limited Provides Update on Arbitration for the Recovery of Unpaid Charterhire Between Ch Offshore Ltd. and Its Charterer The Board of Directors of Baker Technology Limited (Company) referred to the announcement of CH Offshore Ltd. (CHO), a subsidiary of the Company, of even date where CHO provided an update on the arbitration proceedings against its charterer for unpaid charterhire of approximately USD 2.1 million on one of CHO's vessels (the "Arbitral Proceedings"). Shareholders should refer to the Company's announcements dated 6 March 2023 and 31 July 2023 for more information on the Arbitral Proceedings and the final partial awards previously issued by the arbitral tribunal in favour of CHO. As an update to the Arbitral Proceedings, the Company notes in the announcement made by CHO that the arbitral tribunal has accepted CHO's further submissions to base the claim amount on a full rate (instead of a standby hire rate), and has issued a fourth final partial award in favour of CHO in the amount of approximately USD 1.25 million in relation to unpaid charterhire on a full rate including interest (the "Fourth Final Partial Award"). This brings the aggregate amount awarded to CHO in relation to unpaid charterhire including interest accrued on the First and Fourth Final Partial Awards from the date of their issuance to the date of this announcement to USD 3.0 million. Interest on both the First and Fourth Final Partial Awards will continue to accrue on a daily rate until payment is made to CHO. The decision of the arbitral tribunal in relation to the Fourth Final Partial Award, and all of its prior final partial awards, are final and not subject to appeal. CHO continues to work with its legal advisors with regard to the Arbitral Proceedings, including the potential for recognition and enforcement of the awards in the relevant foreign jurisdiction(s), and will continue to evaluate the potential financial impact in consultation with its advisors. Reported Earnings • Aug 02
First half 2024 earnings released: EPS: US$0.001 (vs US$0.006 loss in 1H 2023) First half 2024 results: EPS: US$0.001 (up from US$0.006 loss in 1H 2023). Revenue: US$14.8m (up 74% from 1H 2023). Net income: US$554.0k (up US$4.94m from 1H 2023). Profit margin: 3.7% (up from net loss in 1H 2023). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Jul 20
CH Offshore Ltd. to Report First Half, 2024 Results on Aug 14, 2024 CH Offshore Ltd. announced that they will report first half, 2024 results on Aug 14, 2024 Announcement • Mar 28
CH Offshore Ltd., Annual General Meeting, Apr 22, 2024 CH Offshore Ltd., Annual General Meeting, Apr 22, 2024, at 10:00 Singapore Standard Time. Location: Nautica Room,Level 2, Republic of Singapore Yacht Club, 52 West Coast Ferry Road, Singapore 126887 Republic of Singapore Singapore Agenda: To discuss Adoption of Directors' Statement and Audited Financial Statements for the year ended 31 December 2023; to Approval of additional Directors' Fee for the financial year ended 31 December 2023; to Approval of Directors' Fees for the financial year ending 31 December 2024; to Re-election of Mr. Tham Chee Soon as a Director; to Re-election of Mr. Lee Gee Aik as a Director; to Re-election of Dr. Benety Chang as a Director; to Re-election of Ms. Jeanette Chang as a Director; to Re-appointment of Messrs Ernst & Young LLP as Auditor; and to discuss other matters. Reported Earnings • Feb 27
Full year 2023 earnings released: US$0.012 loss per share (vs US$0.005 loss in FY 2022) Full year 2023 results: US$0.012 loss per share (further deteriorated from US$0.005 loss in FY 2022). Revenue: US$24.1m (up 30% from FY 2022). Net loss: US$8.50m (loss widened 155% from FY 2022). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Feb 16
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 Risk Shares are highly illiquid. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (S$40.9m market cap, or US$30.4m). Announcement • Feb 01
CH Offshore Ltd. Appoints Lee Gee Aik as Independent Director, Effective February 1, 2024 CH Offshore Ltd. announced appointment of Lee Gee Aik as Independent Director. Role And Responsibilities: The appointment is non-executive. Working Experience: 2022 to Present: Chief Financial Officer, AlphaRock Family Office Pte. Ltd. 2023 to Present: Director, AlphaRock Singnet VCC 2010 to 2016: Director, Max Management Pte. Ltd. 2008 to 2016: Director, R Chan & Associates PAC, including its precedent firm, R Chan & Co 1997 to 2016: Audit Assurance Partner, G A Lee & Associates. Other DirectorShips Present: Present Directorship: Astaka Holdings Limited Anchun International Holdings Limited SHS Holdings Limited Uni-Asia Group Limited AlphaRock Singnet VCC Present Principal Commitment: Chief Financial Officer, AlphaRock Family Office Pte. Ltd. Professional Qualifications: Master in Business Administration from Henley Management College, United Kingdom. Qualified as a Chartered Certified Accountant with The Association of Chartered Certified Accountants, United Kingdom. Fellow member of The Association of Chartered Certified Accountants, United Kingdom and The Institute of Singapore Chartered Accountants. Appointment Date is February 1, 2024. Announcement • Dec 29
CH Offshore Ltd. Appoints Tham Chee Soon as Audit Committee Member of the Company with Effect from 1 January 2024 The Board of Directors of CH OFFSHORE LTD announced the appointment of Tham Chee Soon as the 5th Audit Committee Member of the Company with effect from 1 January 2024. Tham Chee Soon was appointed as Director of the Company on 13 July 2023 and he is an Independent Director for the purpose of Rule 704(8) of the Listing Manual of the SGX-ST. Consequent to the aforesaid changes on 1 January 2024, the composition of the Audit Committee will be as follows: Mr. Thia Peng Heok George (Independent Director): Chairman, Mr. Tan Kian Huay (Independent Director) Member, Mr. Ahmad Nizam Bin Abbas (Independent Director) Member, Ms. Jeanette Chang (Non-Executive Non-Independent Director) Member and Mr. Tham Chee Soon (Independent Director) Member. Reported Earnings • Aug 02
First half 2023 earnings released: US$0.006 loss per share (vs US$0 in 1H 2022) First half 2023 results: US$0.006 loss per share (further deteriorated from US$0 in 1H 2022). Revenue: US$8.50m (down 9.8% from 1H 2022). Net loss: US$4.39m (down US$4.50m from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • Jul 13
CH Offshore Ltd. Announces the Appointment of Tham Chee Soon as Independent Director CH Offshore Ltd. announced the Nominating Committee and the Board have reviewed, assessed and concluded that Mr. Tham Chee Soon possesses the experience, qualifications, capabilities and competencies to assume the role of an Independent Director of the Company. The appointment is non-executive. Job title is Independent Director. Working Experience: October 2018 Current: Founder/Director, iCFO Advisors Pte. Ltd. Until 30 June 2018: Audit Partner, Ernst & Young Singapore. Past Directorship: Ecowise Holdings Limited Hwa Hong Corporation Limited Fragrance Group Limited. Present Directorship: iCFO Advisors Pte. Ltd. The TENG Ensemble Ltd. Temenggong Artists-in-Residence Ltd. BCW Investments Pte. Ltd. Ueno Singapore Two Pte. Ltd. Present Principal Commitment: Bone Marrow Donor Programme (Board Member, Chairman of Audit & Governance Committee) Dover Park Hospice (Audit Committee Member). Director Experience Details: Mr. Tham Chee Soon was an Independent Director of Ecowise Holdings Limited, Hwa Hong Corporation Limited and Fragrance Group Ltd. Professional Qualifications: Bachelor's degree in Accountancy, National University of Singapore Fellow, Chartered Accountant (Singapore) Licensed Insolvency Practitioner Certified Public Accountant (US and Australia) CFA Charterholder. Appointment date is July 13, 2023. Board Change • May 09
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 Director Ahmad Nizam Bin Abbas was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 08
Full year 2022 earnings released: US$0.005 loss per share (vs US$0.007 loss in FY 2021) Full year 2022 results: US$0.005 loss per share (improved from US$0.007 loss in FY 2021). Revenue: US$18.6m (up 20% from FY 2021). Net loss: US$3.33m (loss narrowed 33% from FY 2021). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 28
Full year 2022 earnings released: US$0.005 loss per share (vs US$0.007 loss in FY 2021) Full year 2022 results: US$0.005 loss per share (improved from US$0.007 loss in FY 2021). Revenue: US$18.6m (up 20% from FY 2021). Net loss: US$3.33m (loss narrowed 33% from FY 2021). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Nov 17
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Director Ahmad Nizam Bin Abbas was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 30
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up US$1.34m 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 24% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Board Change • Jun 08
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Director Ahmad Nizam Bin Abbas was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 05
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Director Ahmad Nizam Bin Abbas was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 10
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: US$0.007 loss per share (up from US$0.027 loss in FY 2020). Revenue: US$15.5m (down 18% from FY 2020). Net loss: US$4.95m (loss narrowed 74% from FY 2020). Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Apr 06
CH Offshore Ltd., Annual General Meeting, Apr 22, 2022 CH Offshore Ltd., Annual General Meeting, Apr 22, 2022, at 10:00 Singapore Standard Time. Agenda: To receive and adopt the Directors' Statement and Audited Financial Statements for the financial year ended 31 December 2021 and the Auditors' Report thereon; to approve additional Director's fee of S$25,425 for the financial period ended 31 December 2021; to approve Directors' fees of up to S$312,000 for the financial year ending 31 December 2022, to be paid quarterly in arrears; to re-elect Mr Ahmad Nizam Bin Abbas, being a Director who retires by rotation pursuant to Article 88 of the Constitution of the Company; to re-elect Mr Tan Kian Huay, being a Director who retires by rotation pursuant to Article 89 of the Constitution of the Company; to re-elect Mr Tan Pong Tyea, being a Director who retires by rotation pursuant to Article 89 of the Constitution of the Company; to re-appoint Messrs Ernst & Young LLP as Auditors of the Company and to authorise the Directors to fix their remuneration; and to transact any other business that may be transacted at an AGM. Reported Earnings • Feb 27
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: US$0.007 loss per share (up from US$0.027 loss in FY 2020). Revenue: US$15.5m (down 18% from FY 2020). Net loss: US$4.95m (loss narrowed 74% from FY 2020). Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Board Change • Aug 19
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 an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Ahmad Bin Abbas was the last independent director to join the board, commencing their role in 2021. 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 • Feb 28
Full year 2020 earnings released The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$18.9m (down 9.7% from FY 2019). Net loss: US$19.3m (loss widened 36% from FY 2019). Announcement • Feb 10
CH Offshore Ltd. to Report Fiscal Year 2020 Results on Mar 01, 2021 CH Offshore Ltd. announced that they will report fiscal year 2020 results on Mar 01, 2021 Announcement • Jan 08
CH Offshore Ltd. Announces Committee Changes The Board of Directors of CH OFFSHORE LTD. announced the following changes to the composition of the Board Committees with effect from 9 January 2021: Appointment of Mr. Thia Peng Heok George as the Chairman of Remuneration Committee ("RC") in place of Mr. Wan Hin Weng ("Mr. Wan") who passed away on 10 October 2020; and appointment of Ms. Jeanette Chang as a member of Audit Committee ("AC") in place of Mr. Wan. Announcement • Nov 12
CH Offshore Ltd. Announces Cessation of Heath McIntyre as Executive Director CH Offshore Ltd. announced cessation of Heath McIntyre as Executive Director of the company, to pursue other interests. Announcement • Oct 12
CH Offshore Ltd. Announces the Demise of Wan Hin Weng, Independent Director The board of directors of CH Offshore Ltd. announced the demise of Wan Hin Weng, Independent Director of the Company, on 10 October 2020. Mr. Wan was the Chairman of Remuneration Committee and member of Audit Committee.