New Risk • May 06
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 9.7% 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 Earnings have declined by 10% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (230% payout ratio). Share price has been volatile over the past 3 months (9.7% average weekly change). Profit margins are more than 30% lower than last year (4.3% net profit margin). Market cap is less than US$100m (S$49.3m market cap, or US$38.9m). Upcoming Dividend • Apr 29
Upcoming dividend of S$0.25 per share Eligible shareholders must have bought the stock before 06 May 2026. Payment date: 15 May 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.5%. Lower than top quartile of Singaporean dividend payers (4.9%). Higher than average of industry peers (2.2%). Reported Earnings • Apr 15
Full year 2025 earnings released: EPS: S$0.022 (vs S$0.042 in FY 2024) Full year 2025 results: EPS: S$0.022 (down from S$0.042 in FY 2024). Revenue: S$27.1m (down 3.9% from FY 2024). Net income: S$1.16m (down 48% from FY 2024). Profit margin: 4.3% (down from 7.9% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to S$1.11, the stock trades at a trailing P/E ratio of 52.5x. Average trailing P/E is 20x in the Forestry industry in Asia. Total returns to shareholders of 87% over the past three years. Buy Or Sell Opportunity • Mar 02
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to S$1.08. The fair value is estimated to be S$0.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.7% over the last 3 years. Earnings per share has declined by 48%. Declared Dividend • Mar 01
Dividend of S$0.25 announced Shareholders will receive a dividend of S$0.25. Ex-date: 6th May 2026 Payment date: 15th May 2026 Dividend yield will be 24%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (128% earnings payout ratio). However, it is well covered by cash flows (48% cash payout ratio). The dividend has increased by an average of 6.0% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 42% to bring the payout ratio under control. However, EPS has declined by 17% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Feb 28
Full year 2025 earnings released: EPS: S$0.021 (vs S$0.042 in FY 2024) Full year 2025 results: EPS: S$0.021 (down from S$0.042 in FY 2024). Revenue: S$27.1m (down 3.9% from FY 2024). Net income: S$1.13m (down 50% from FY 2024). Profit margin: 4.2% (down from 7.9% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Jan 09
LHT Holdings Limited to Report Fiscal Year 2025 Results on Feb 26, 2026 LHT Holdings Limited announced that they will report fiscal year 2025 results After-Market on Feb 26, 2026 Reported Earnings • Aug 20
First half 2025 earnings released: EPS: S$0.025 (vs S$0.028 in 1H 2024) First half 2025 results: EPS: S$0.025 (down from S$0.028 in 1H 2024). Revenue: S$14.5m (up 6.6% from 1H 2024). Net income: S$1.34m (down 9.7% from 1H 2024). Profit margin: 9.3% (down from 11% in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Jul 09
LHT Holdings Limited to Report First Half, 2025 Results on Aug 14, 2025 LHT Holdings Limited announced that they will report first half, 2025 results on Aug 14, 2025 Upcoming Dividend • May 12
Upcoming dividend of S$0.05 per share Eligible shareholders must have bought the stock before 19 May 2025. Payment date: 30 May 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.3%. Lower than top quartile of Singaporean dividend payers (6.1%). Higher than average of industry peers (2.2%). New Risk • May 02
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 16% 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 (16% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 120% Cash payout ratio: 101% Minor Risks Profit margins are more than 30% lower than last year (7.9% net profit margin). Market cap is less than US$100m (S$48.2m market cap, or US$37.1m). Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to S$1.14, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 17x in the Forestry industry in Asia. Total returns to shareholders of 108% over the past three years. Reported Earnings • Apr 12
Full year 2024 earnings released: EPS: S$0.042 (vs S$0.082 in FY 2023) Full year 2024 results: EPS: S$0.042 (down from S$0.082 in FY 2023). Revenue: S$28.2m (down 8.3% from FY 2023). Net income: S$2.23m (down 49% from FY 2023). Profit margin: 7.9% (down from 14% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. New Risk • Mar 08
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 120% Cash payout ratio: 98% Dividend yield: 4.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 120% Cash payout ratio: 98% Minor Risks Profit margins are more than 30% lower than last year (7.9% net profit margin). Market cap is less than US$100m (S$55.9m market cap, or US$42.0m). Reported Earnings • Mar 05
Full year 2024 earnings released: EPS: S$0.042 (vs S$0.082 in FY 2023) Full year 2024 results: EPS: S$0.042 (down from S$0.082 in FY 2023). Revenue: S$28.2m (down 8.3% from FY 2023). Net income: S$2.23m (down 49% from FY 2023). Profit margin: 7.9% (down from 14% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Declared Dividend • Mar 03
Dividend of S$0.05 announced Shareholders will receive a dividend of S$0.05. Ex-date: 19th May 2025 Payment date: 30th May 2025 Dividend yield will be 5.0%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (82% earnings payout ratio) but not covered by cash flows (210% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. 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 Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Dividend is not well covered by cash flows (210% cash payout ratio). Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (S$53.8m market cap, or US$39.8m). Announcement • Feb 28
LHT Holdings Limited, Annual General Meeting, Apr 29, 2025 LHT Holdings Limited, Annual General Meeting, Apr 29, 2025. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to S$1.14, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 18x in the Forestry industry in Asia. Total returns to shareholders of 122% over the past three years. New Risk • Jan 22
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$9.7m 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 Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Dividend is not well covered by cash flows (210% cash payout ratio). Profit margins are more than 30% lower than last year (12% net profit margin). Significant insider selling over the past 3 months (S$9.7m sold). Market cap is less than US$100m (S$53.2m market cap, or US$39.3m). Buy Or Sell Opportunity • Jan 03
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.1% to S$0.89. The fair value is estimated to be S$1.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.4% over the last 3 years. Earnings per share has grown by 5.5%. Board Change • Jan 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Independent Director Kimmis Pun was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Dec 09
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.5% to S$0.86. The fair value is estimated to be S$1.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.4% over the last 3 years. Earnings per share has grown by 5.5%. Buy Or Sell Opportunity • Oct 10
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to S$0.89. The fair value is estimated to be S$1.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.4% over the last 3 years. Earnings per share has grown by 5.5%. Reported Earnings • Aug 17
First half 2024 earnings released: EPS: S$0.028 (vs S$0.049 in 1H 2023) First half 2024 results: EPS: S$0.028 (down from S$0.049 in 1H 2023). Revenue: S$13.6m (down 17% from 1H 2023). Net income: S$1.48m (down 43% from 1H 2023). Profit margin: 11% (down from 16% in 1H 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 14
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: 12% Last year net profit margin: 17% 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 Dividend is not well covered by cash flows (210% cash payout ratio). Share price has been volatile over the past 3 months (9.5% average weekly change). Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (S$47.7m market cap, or US$36.2m). Announcement • Jul 10
LHT Holdings Limited to Report First Half, 2024 Results on Aug 13, 2024 LHT Holdings Limited announced that they will report first half, 2024 results on Aug 13, 2024 Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to S$1.19, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 14x in the Forestry industry in Asia. Total returns to shareholders of 130% over the past three years. Recent Insider Transactions • Jun 03
CEO, MD & Director recently bought S$77k worth of stock On the 30th of May, Mui Kee Yap bought around 73k shares on-market at roughly S$1.05 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth S$115k. Mui Kee has been a buyer over the last 12 months, purchasing a net total of S$1.1m worth in shares. Recent Insider Transactions • May 30
CEO, MD & Director recently bought S$115k worth of stock On the 23rd of May, Mui Kee Yap bought around 107k shares on-market at roughly S$1.07 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Mui Kee has been a buyer over the last 12 months, purchasing a net total of S$989k worth in shares. Recent Insider Transactions • May 22
CEO, MD & Director recently bought S$93k worth of stock On the 20th of May, Mui Kee Yap bought around 86k shares on-market at roughly S$1.08 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. Mui Kee has been a buyer over the last 12 months, purchasing a net total of S$805k worth in shares. Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to S$1.11, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 16x in the Forestry industry in Asia. Total returns to shareholders of 125% over the past three years. Upcoming Dividend • May 10
Upcoming dividend of S$0.18 per share Eligible shareholders must have bought the stock before 17 May 2024. Payment date: 30 May 2024. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Singaporean dividend payers (6.3%). Higher than average of industry peers (1.9%). Announcement • Apr 30
LHT Holdings Limited Announces Cessation of Low Peng Kit as Non-Executive Independent Director, Chairman of Nominating Committee and Member of Audit and Risk Committee and Remuneration Committee LHT Holdings Limited announced cessation of Low Peng Kit as Non-Executive Independent Director, Chairman of Nominating Committee and Member of Audit and Risk Committee and Remuneration Committee. Other DirectorShips Past: 2013- 2018 Director of SME Winners Pte Ltd. Other DirectorShips Present: June 1983 to Present - Managing Director of Little Red Dot Bakery Pte Ltd; January 2011 to Present Director of FMC Education Centre Pte Ltd; January 2011 to Present Executive Director of First Medical Centre Pte Ltd; January 2012 to Present Managing Director of One 69 Pte Ltd; August 2018 to Present Director of Shang Teng Construction Pte Ltd; March 2020 to Present Director of FMC Contract Services Pte Ltd; March 2023 to Present Director of DF Global Pte Ltd; July 2023 to Present Director of International Institute of Mediators (Singapore) Ltd. Reason For Cessation: After having served on the Board for more than 24 years, Mr. Low Peng Kit stepped down from office at the conclusion of the Company's Annual General Meeting held on 29 April 2024. Mr. Low will, upon his cessation, relinquish his roles as the Chairman of the Nominating Committee, Audit Committee and Risk Committee and Remuneration Committee. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to S$1.23, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 15x in the Forestry industry in Asia. Total returns to shareholders of 117% over the past three years. Recent Insider Transactions • Apr 20
Chairman recently bought S$78k worth of stock On the 19th of April, Mui Kee Yap bought around 67k shares on-market at roughly S$1.16 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. Mui Kee has been a buyer over the last 12 months, purchasing a net total of S$423k worth in shares. Declared Dividend • Feb 25
Dividend of S$0.18 announced Shareholders will receive a dividend of S$0.18. Ex-date: 17th May 2024 Payment date: 30th May 2024 Dividend yield will be 20%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (46% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 24
Full year 2023 earnings released: EPS: S$0.082 (vs S$0.10 in FY 2022) Full year 2023 results: EPS: S$0.082 (down from S$0.10 in FY 2022). Revenue: S$30.7m (down 14% from FY 2022). Net income: S$4.34m (down 22% from FY 2022). Profit margin: 14% (down from 16% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Feb 23
LHT Holdings Limited Proposes Dividend for the Financial Year Ended 31 December 2023, Payable on 30 May 2024 LHT Holdings Limited announced that the Share Transfer Books and Register of Members of the company will be closed on 21 May 2024 for the preparation of dividend warrants for the first and final one-tier tax exempt dividend of SGD 0.05 per ordinary share for the financial year ended 31 December 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 20 May 2024 will be registered to determine members' entitlements to the said dividend. Members whose Securities Accounts with The Central Depository (Pte) Ltd. are credited with shares at 5.00 p.m. on 20 May 2024 will be entitled to the proposed dividend. The proposed dividend, if approved by the members at the Annual General Meeting to be held on 29 April 2024, will be paid on 30 May 2024. Announcement • Jan 10
LHT Holdings Limited to Report Fiscal Year 2023 Results on Feb 23, 2024 LHT Holdings Limited announced that they will report fiscal year 2023 results After-Market on Feb 23, 2024 Board Change • Nov 28
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. 2 experienced directors. 6 highly experienced directors. Non-Independent Non-Executive Director Suet Man Li was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Recent Insider Transactions • Oct 26
Chairman recently bought S$74k worth of stock On the 23rd of October, Mui Kee Yap bought around 91k shares on-market at roughly S$0.82 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Mui Kee's only on-market trade for the last 12 months. Announcement • Oct 24
LHT Holdings Limited Redesignated Li Suet Man from A Non-Executive, Independent Director to A Non-Independent Non-Executive Director of the Company LHT Holdings Limited announced that Mr. Li Suet Man who was a Non-Executive, Independent Director of the Company has been re-designated as a Non-Independent Non-Executive Director of the Company. This is because Mr. Li has become a controlling shareholder of the Company. Arising from the re-designation of Mr. Li as a Non-Executive, Non-Independent Director of the Company, the various Committees of the Board will be reconstituted. Reported Earnings • Aug 17
First half 2023 earnings released: EPS: S$0.049 (vs S$0.045 in 1H 2022) First half 2023 results: EPS: S$0.049 (up from S$0.045 in 1H 2022). Revenue: S$16.3m (down 9.4% from 1H 2022). Net income: S$2.58m (up 7.9% from 1H 2022). Profit margin: 16% (up from 13% in 1H 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Board Change • Jul 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. 2 experienced directors. 6 highly experienced directors. Non-Executive Independent Director Suet Man Li was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Jul 06
LHT Holdings Limited to Report First Half, 2023 Results on Aug 11, 2023 LHT Holdings Limited announced that they will report first half, 2023 results on Aug 11, 2023 Buying Opportunity • Jun 16
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 2.6%. The fair value is estimated to be S$0.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 24%. Buying Opportunity • May 18
Now 20% undervalued Over the last 90 days, the stock is up 9.2%. The fair value is estimated to be S$0.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 24%. Upcoming Dividend • May 09
Upcoming dividend of S$0.05 per share at 6.5% yield Eligible shareholders must have bought the stock before 16 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 6.5%. Within top quartile of Singaporean dividend payers (6.5%). Higher than average of industry peers (2.2%). Reported Earnings • Apr 08
Full year 2022 earnings released: EPS: S$0.10 (vs S$0.083 in FY 2021) Full year 2022 results: EPS: S$0.10 (up from S$0.083 in FY 2021). Revenue: S$35.5m (down 1.3% from FY 2021). Net income: S$5.57m (up 27% from FY 2021). Profit margin: 16% (up from 12% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Apr 04
Now 21% undervalued Over the last 90 days, the stock is up 8.5%. The fair value is estimated to be S$0.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 24%. Buying Opportunity • Mar 08
Now 23% undervalued Over the last 90 days, the stock is up 8.0%. The fair value is estimated to be S$0.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 24%. Reported Earnings • Feb 25
Full year 2022 earnings released: EPS: S$0.10 (vs S$0.083 in FY 2021) Full year 2022 results: EPS: S$0.10 (up from S$0.083 in FY 2021). Revenue: S$35.5m (down 1.3% from FY 2021). Net income: S$5.57m (up 27% from FY 2021). Profit margin: 16% (up from 12% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Board Change • Jan 25
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. 2 experienced directors. 6 highly experienced directors. Non-Executive Independent Director Suet Man Li was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Dec 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. 2 experienced directors. 6 highly experienced directors. Non-Executive Independent Director Suet Man Li was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Recent Insider Transactions • Oct 21
Chairman recently bought S$322k worth of stock On the 18th of October, Mui Kee Yap bought around 461k shares on-market at roughly S$0.70 per share. This transaction amounted to 5.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Mui Kee has been a buyer over the last 12 months, purchasing a net total of S$609k worth in shares. Reported Earnings • Aug 14
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down S$1.65m from profit in 1H 2021). Profit margin: (down from 9.5% in 1H 2021). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Jul 08
LHT Holdings Limited to Report First Half, 2022 Results on Aug 12, 2022 LHT Holdings Limited announced that they will report first half, 2022 results on Aug 12, 2022 Upcoming Dividend • May 11
Upcoming dividend of S$0.03 per share Eligible shareholders must have bought the stock before 18 May 2022. Payment date: 31 May 2022. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Singaporean dividend payers (5.9%). Higher than average of industry peers (2.9%). Announcement • May 02
LHT Holdings Limited Approves Final Dividend for the Financial Year Ended December 31, 2021 LHT HOLDINGS LIMITED at the AGM held on April 29, 2022, approved the payment of first and final one-tier tax exempt dividend of SGD 0.03 per ordinary share for the financial year ended December 31, 2021. Reported Earnings • Apr 10
Full year 2021 earnings released: EPS: S$0.083 (vs S$0.055 in FY 2020) Full year 2021 results: EPS: S$0.083 (up from S$0.055 in FY 2020). Revenue: S$36.0m (up 7.0% from FY 2020). Net income: S$4.40m (up 51% from FY 2020). Profit margin: 12% (up from 8.6% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Apr 07
LHT Holdings Limited, Annual General Meeting, Apr 29, 2022 LHT Holdings Limited, Annual General Meeting, Apr 29, 2022, at 15:30 Singapore Standard Time. Agenda: To consider adoption of directors' statement, auditors' report and audited financial statements for the financial year ended 31 December 2021; to consider re-election of Mr. Tan Kim Sing as a director of the company; to consider re-election of Dr. Wu Chiaw Ching as a director of the company; to consider approval of first and final one-tier tax exempt dividend of SGD 0.03 per ordinary share; to consider approval of directors' fees amounting to SGD 182,000; to consider re-appointment of Messrs BDO LLP as auditors; to consider authority to allot and issue new shares; and to consider other matters. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: S$0.083 (up from S$0.055 in FY 2020). Revenue: S$36.0m (up 7.0% from FY 2020). Net income: S$4.40m (up 51% from FY 2020). Profit margin: 12% (up from 8.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Feb 26
LHT Holdings Limited Proposes First and Final One-Tier Tax Exempt Dividend for the Financial Year Ended 31 December 2021, Payable 31 May 2022 LHT Holdings Limited proposed first and final one-tier tax exempt dividend of 3.0 cents per ordinary share for the financial year ended 31 December 2021. Members whose Securities Accounts with The Central Depository (Pte) Ltd. are credited with shares on 19 May 2022 will be entitled to the proposed dividend. The proposed dividend, if approved by the members at the Annual General Meeting to be held on 29 April 2022, will be paid on 31 May 2022. The share Transfer Books and Register of Members of the company will be closed on 20 May 2022 for the preparation of dividend warrants for the first and final one-tier tax exempt dividend. Recent Insider Transactions • Dec 18
Chairman recently bought S$53k worth of stock On the 16th of December, Mui Yap bought around 82k shares on-market at roughly S$0.65 per share. In the last 3 months, they made an even bigger purchase worth S$72k. Mui has been a buyer over the last 12 months, purchasing a net total of S$162k worth in shares. Recent Insider Transactions • Sep 22
Chairman recently bought S$72k worth of stock On the 20th of September, Mui Yap bought around 110k shares on-market at roughly S$0.65 per share. This was the largest purchase by an insider in the last 3 months. This was Mui's only on-market trade for the last 12 months. Upcoming Dividend • May 11
Upcoming dividend of S$0.03 per share Eligible shareholders must have bought the stock before 18 May 2021. Payment date: 28 May 2021. Trailing yield: 4.5%. Lower than top quartile of Singaporean dividend payers (4.6%). Higher than average of industry peers (1.9%). Announcement • Apr 30
LHT Holdings Limited Approves Payment of First and Final One-Tier Tax Exempt Dividend for the Financial Year Ended 31 December 2020 LHT Holdings Limited approved payment of first and final one-tier tax exempt dividend of SGD 0.03 per ordinary share for the financial year ended 31 December 2020. Reported Earnings • Apr 13
Full year 2020 earnings released: EPS S$0.055 (vs S$0.041 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$33.6m (down 12% from FY 2019). Net income: S$2.91m (up 32% from FY 2019). Profit margin: 8.6% (up from 5.8% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.