Upcoming Dividend • May 07
Upcoming dividend of S$0.04 per share Eligible shareholders must have bought the stock before 14 May 2026. Payment date: 29 May 2026. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Singaporean dividend payers (5.0%). Higher than average of industry peers (2.2%). Announcement • Apr 29
Engro Corporation Limited Approves Special Tax Exempt (One-Tier) Dividend for the Financial Year Ended 31 December 2025 EnGro Corporation Limited at the AGM held on April 28, 2026, approved special tax-exempt (one-tier) dividend of 1.0 cent per ordinary share for the financial year ended 31 December 2025. Reported Earnings • Apr 16
Full year 2025 earnings released: EPS: S$0.15 (vs S$0.009 in FY 2024) Full year 2025 results: EPS: S$0.15 (up from S$0.009 in FY 2024). Revenue: S$252.6m (up 35% from FY 2024). Net income: S$17.9m (up S$16.8m from FY 2024). Profit margin: 7.1% (up from 0.6% in FY 2024). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Declared Dividend • Apr 15
Dividend of S$0.04 announced Shareholders will receive a dividend of S$0.04. Ex-date: 14th May 2026 Payment date: 29th May 2026 Dividend yield will be 4.0%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 1.8% 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 decline by 78% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.1% EPS decline seen over the last 5 years. Announcement • Apr 11
EnGro Corporation Limited, Annual General Meeting, Apr 28, 2026 EnGro Corporation Limited, Annual General Meeting, Apr 28, 2026, at 10:00 Singapore Standard Time. Location: momentus hotel alexandra, vanda ii, level 7, 323 alexandra road, singapore 159972, Singapore Reported Earnings • Aug 15
First half 2025 earnings released: EPS: S$0.073 (vs S$0.004 in 1H 2024) First half 2025 results: EPS: S$0.073 (up from S$0.004 in 1H 2024). Revenue: S$104.6m (up 25% from 1H 2024). Net income: S$8.65m (up S$8.23m from 1H 2024). Profit margin: 8.3% (up from 0.5% in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. New Risk • Jul 28
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 9.1% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 326% Paying a dividend despite having no free cash flows. Earnings have declined by 40% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (S$116.9m market cap, or US$91.0m). Announcement • Jul 25
EnGro Corporation Limited Provides Group Earnings Guidance for the Six Months Ended 30 June 2025 EnGro Corporation Limited provided group earnings guidance for the six months ended 30 June 2025. For the period, the Group is expected to report a significant improvement in profit before tax (‘PBT’) as compared to the six months ended 30 June 2024 (‘1H 2024’). The expected improvement is mainly attributable to unrealised fair value gain from the Group's direct investment in tech company stock during 1H 2025 compared to a loss in 1H 024 and absence of the one-off loss from a JV disposal announced on SGXNET dated 18 Apr. 2024. The improvement is further supported by enhanced profitability arising from increased sale in the Integral Cement and Ready-Mixed Concrete (ICR) business. Announcement • Jul 02
Engro Corporation Limited Announces Promotion of Vincent Loh Sui Shong as Chief Operating Officer, Effective July 02, 2025 EnGro Corporation Limited announced the Promotion of Mr. Vincent Loh Sui Shong as a Chief Operating Officer. Role And Responsibilities: Executive. Responsible for assisting the Chief Executive Officer in overseeing operations and performance of the building materials business in Singapore and Malaysia, including new innovation related to construction materials. Working Experience: 30 years of working experience and 25 years with EnGro. In the past 10 years, Mr. Loh held the following positions: EnGro Corporation Limited - Manager, Knowledge Management & Business Development (January 2012 - March 2021) - General Manager, Knowledge Management & Business Development (March 2021 - July 2025). Professional Qualifications: - Bachelor of Business (Accounting), Monash University, Melbourne, Australia - Chartered Accountant (CA), Institute of Singapore Chartered Accountants - Certified Practising Accountant (CPA), CPA Australia. Appointment Date is on July 02, 2025. Board Change • May 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. 3 highly experienced directors. Non-Executive Independent Director Foon Lee Leow 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. Announcement • Apr 14
EnGro Corporation Limited, Annual General Meeting, Apr 29, 2025 EnGro Corporation Limited, Annual General Meeting, Apr 29, 2025, at 10:00 Singapore Standard Time. Location: safra mount faber, diamond room, 2 telok blangah way, singapore 098803, Singapore Reported Earnings • Feb 28
Full year 2024 earnings released: EPS: S$0.009 (vs S$0.053 loss in FY 2023) Full year 2024 results: EPS: S$0.009 (up from S$0.053 loss in FY 2023). Revenue: S$190.2m (up 17% from FY 2023). Net income: S$1.09m (up S$7.43m from FY 2023). Profit margin: 0.6% (up from net loss in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Nov 14
Executive Chairman recently bought S$151k worth of stock On the 8th of November, Cheng Gay Tan bought around 216k shares on-market at roughly S$0.70 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Cheng Gay has been a buyer over the last 12 months, purchasing a net total of S$256k worth in shares. Board Change • Nov 01
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. 3 experienced directors. 2 highly experienced directors. Non-Executive Independent Director Foon Lee Leow 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. Buy Or Sell Opportunity • Jul 18
Now 20% overvalued Over the last 90 days, the stock has fallen 9.6% to S$0.71. The fair value is estimated to be S$0.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jul 04
Now 21% overvalued Over the last 90 days, the stock has fallen 11% to S$0.71. The fair value is estimated to be S$0.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jun 18
Now 21% overvalued Over the last 90 days, the stock has fallen 10% to S$0.70. The fair value is estimated to be S$0.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company became loss making. Upcoming Dividend • May 14
Upcoming dividend of S$0.05 per share Eligible shareholders must have bought the stock before 21 May 2024. Payment date: 31 May 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.8%. Lower than top quartile of Singaporean dividend payers (6.3%). Higher than average of industry peers (2.3%). Reported Earnings • Apr 16
Full year 2023 earnings released: S$0.053 loss per share (vs S$0.014 loss in FY 2022) Full year 2023 results: S$0.053 loss per share (further deteriorated from S$0.014 loss in FY 2022). Revenue: S$162.1m (up 20% from FY 2022). Net loss: S$6.34m (loss widened 293% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Declared Dividend • Apr 14
Dividend of S$0.05 announced Shareholders will receive a dividend of S$0.05. Ex-date: 23rd May 2024 Payment date: 31st May 2024 Dividend yield will be 6.3%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (69% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Reported Earnings • Feb 28
Full year 2023 earnings released: S$0.053 loss per share (vs S$0.014 loss in FY 2022) Full year 2023 results: S$0.053 loss per share (further deteriorated from S$0.014 loss in FY 2022). Revenue: S$162.1m (up 20% from FY 2022). Net loss: S$6.34m (loss widened 293% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. New Risk • Feb 27
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). Paying a dividend despite being loss-making. Market cap is less than US$100m (S$91.4m market cap, or US$68.0m). Recent Insider Transactions • Jan 19
Executive Chairman & CEO recently bought S$60k worth of stock On the 16th of January, Cheng Gay Tan bought around 74k shares on-market at roughly S$0.81 per share. This transaction amounted to 8.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Cheng Gay has been a buyer over the last 12 months, purchasing a net total of S$79k worth in shares. Announcement • Aug 22
Engro Corporation Limited Announces Board Changes Engro Corporation Limited announced the appointment of Mr. Shabbir Hussain Hashmi as an Independent Director on its Board, effective from August 21, 2023. This appointment comes as a response to a casual vacancy that arose due to the resignation of Ms. Dominique Russo. Mr. Hashmi's appointment to the position of Independent Director is set to extend until the end of the remaining term. Engro Corporation, a prominent conglomerate with diversified business interests, has taken this step to ensure the continued strength and expertise of its Board of Directors. The company expressed its confidence in Mr. Hashmi's ability to contribute to the strategic direction and decision-making processes of the organization. As an Independent Director, Mr. Hashmi is expected to bring valuable insights, industry expertise, and a fresh perspective to the table. The corporate community will be closely monitoring the impact of this appointment on the company's governance and performance, especially considering Engro Corporation's influential presence in various sectors. Mr. Shabbir Hussain Hashmi's appointment adds a new chapter to Engro Corporation's journey, and the business community will be looking forward to witnessing the collaboration between him and the rest of the Board in steering the company toward continued success. Reported Earnings • Aug 14
First half 2023 earnings released: EPS: S$0.018 (vs S$0.041 in 1H 2022) First half 2023 results: EPS: S$0.018 (down from S$0.041 in 1H 2022). Revenue: S$70.0m (up 6.4% from 1H 2022). Net income: S$2.17m (down 56% from 1H 2022). Profit margin: 3.1% (down from 7.4% in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 32% 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. Announcement • Aug 12
Engro Corporation Limited Announces Cessation of Chung Thin How as General Manager EnGro Corporation Limited announced the cessation of Chung Thin How as General Manager, effective August 11, 2023. Role And Responsibilities: Responsible for managing the operations of Ready-Mix Concrete business in Singapore. Reason For Cessation: To pursue other career opportunities. Upcoming Dividend • May 16
Upcoming dividend of S$0.025 per share at 2.4% yield Eligible shareholders must have bought the stock before 23 May 2023. Payment date: 31 May 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Singaporean dividend payers (6.5%). In line with average of industry peers (2.6%). Reported Earnings • Apr 14
Full year 2022 earnings released: S$0.014 loss per share (vs S$0.43 profit in FY 2021) Full year 2022 results: S$0.014 loss per share (down from S$0.43 profit in FY 2021). Revenue: S$135.2m (up 1.6% from FY 2021). Net loss: S$1.61m (down 103% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 25
Full year 2022 earnings released: EPS: S$0.005 (vs S$0.43 in FY 2021) Full year 2022 results: EPS: S$0.005 (down from S$0.43 in FY 2021). Revenue: S$135.2m (up 1.6% from FY 2021). Net income: S$635.0k (down 99% from FY 2021). Profit margin: 0.5% (down from 38% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jan 20
EnGro Corporation Limited Provides Unaudited Consolidated Earnings Guidance for the Second Half and Full Year 2022 EnGro Corporation Limited provided unaudited consolidated earnings guidance for the second half and full year 2022. The company is expected to report a net loss for second half of 2022 with a significant deterioration in profit for fiscal year 2022 compared to fiscal year 2021, whereby even a marginal loss may be possible. Recent Insider Transactions • Aug 31
Executive Chairman & CEO recently bought S$62k worth of stock On the 26th of August, Cheng Gay Tan bought around 50k shares on-market at roughly S$1.25 per share. This transaction amounted to 6.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth S$192k. Cheng Gay has been a buyer over the last 12 months, purchasing a net total of S$74k worth in shares. Announcement • Aug 16
EnGro Corporation Limited Appoints Ee Chin Siew as the Group Financial Controller EnGro Corporation Limited announced appointment of Ee Chin Siew as the Group Financial Controller. Role And Responsibilities: Executive, oversee the Group's finance, procurement and IT functions. Working Experience: December 2021 - August 2022 Sky Wise Investment Pte Ltd. - Senior Finance Manager August 2010 - December 2021 Hi-P International Limited - Corporate Finance Manager. Professional Qualifications: Bachelor of Accountancy - Nanyang Technological University; Chartered Accountant - Institute of Singapore Chartered Accountant. The appointment date is August 15, 2022. Reported Earnings • Aug 13
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down S$24.4m from profit in 1H 2021). Profit margin: (down from 38% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Aug 09
Insider recently bought S$78k worth of stock On the 4th of August, Wee Chua bought around 61k shares on-market at roughly S$1.27 per share. In the last 3 months, they made an even bigger purchase worth S$192k. Insiders have collectively bought S$675k more in shares than they have sold in the last 12 months. Announcement • Jul 20
EnGro Corporation Limited Announces Cessation of Ng Kar Choo as Group Financial Controller EnGro Corporation Limited announced the cessation of Ng Kar Choo as Group Financial Controller to pursue other career opportunities. Effective date is July 19, 2022. Recent Insider Transactions • Jun 30
Insider recently bought S$192k worth of stock On the 27th of June, Wee Chua bought around 148k shares on-market at roughly S$1.30 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought S$658k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jun 14
Insider recently bought S$129k worth of stock On the 9th of June, Wee Chua bought around 100k shares on-market at roughly S$1.29 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought S$533k more in shares than they have sold in the last 12 months. Upcoming Dividend • May 17
Upcoming dividend of S$0.065 per share Eligible shareholders must have bought the stock before 24 May 2022. Payment date: 10 June 2022. Payout ratio is a comfortable 5.9% and this is well supported by cash flows. Trailing yield: 5.1%. Lower than top quartile of Singaporean dividend payers (5.9%). Higher than average of industry peers (3.7%). Reported Earnings • Apr 17
Full year 2021 earnings released: EPS: S$0.43 (vs S$0.19 in FY 2020) Full year 2021 results: EPS: S$0.43 (up from S$0.19 in FY 2020). Revenue: S$133.0m (up 32% from FY 2020). Net income: S$50.7m (up 130% from FY 2020). Profit margin: 38% (up from 22% in FY 2020). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Apr 15
EnGro Corporation Limited, Annual General Meeting, Apr 29, 2022 EnGro Corporation Limited, Annual General Meeting, Apr 29, 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 together the Auditors' Report thereon; to declare a first and final tax-exempt (one-tier) dividend of 2.5 cent ordinary share and a special tax exempt (one-tier) dividend of 4.0 cent ordinary share for the financial year ended 31 December 2021; to re-elect Mr. Tan Cheng Gay as a Director; to re-elect Mr. Leow Foon Lee as a Director; to re-appoint Messrs KPMG LLP as the Company's Auditors and to authorize the Directors to fix their remuneration; to approve the payment of Directors' fees of 288,750 for the fin year ended 31 December 2021; to authorize the Directors to allot and issue shares pursuant to the Issue Mandate; and to approve the proposed renewal of the Share Purchase Mandate. Reported Earnings • Mar 03
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: S$0.40 (up from S$0.19 in FY 2020). Revenue: S$133.0m (up 32% from FY 2020). Net income: S$47.9m (up 118% from FY 2020). Profit margin: 36% (up from 22% 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 71% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 19
Insider recently bought S$94k worth of stock On the 17th of June, Cheng Gay Tan bought around 66k shares on-market at roughly S$1.43 per share. In the last 3 months, there was an even bigger purchase from another insider worth S$444k. Insiders have collectively bought S$1.2m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jun 03
Insider recently bought S$131k worth of stock On the 31st of May, Wee Chua bought around 100k shares on-market at roughly S$1.31 per share. In the last 3 months, they made an even bigger purchase worth S$444k. Insiders have collectively bought S$935k more in shares than they have sold in the last 12 months. Upcoming Dividend • May 17
Upcoming dividend of S$0.03 per share Eligible shareholders must have bought the stock before 24 May 2021. Payment date: 10 June 2021. Trailing yield: 1.9%. Lower than top quartile of Singaporean dividend payers (4.9%). Lower than average of industry peers (3.0%). Reported Earnings • Apr 19
Full year 2020 earnings released: EPS S$0.19 (vs S$0.093 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$100.8m (down 25% from FY 2019). Net income: S$22.0m (up 99% from FY 2019). Profit margin: 22% (up from 8.2% in FY 2019). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Apr 17
Insider recently bought S$444k worth of stock On the 13th of April, Wee Chua bought around 350k shares on-market at roughly S$1.27 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought S$683k more in shares than they have sold in the last 12 months. Announcement • Apr 16
EnGro Corporation Limited Proposes Special Tax Exempt Dividend for the Year Ended December 31, 2020 EnGro Corporation Limited proposed special tax exempt (one-tier) dividend of 0.5 cents per ordinary share for the financial year ended December 31, 2020 at its AGM to be held on April 29, 2021. Recent Insider Transactions • Apr 08
Insider recently bought S$239k worth of stock On the 5th of April, Wee Chua bought around 202k shares on-market at roughly S$1.19 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Feb 28
Full year 2020 earnings released: EPS S$0.19 (vs S$0.093 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$96.9m (down 28% from FY 2019). Net income: S$22.0m (up 99% from FY 2019). Profit margin: 23% (up from 8.2% in FY 2019). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 22
New 90-day high: S$1.05 The company is up 5.0% from its price of S$1.00 on 24 November 2020. The Singaporean market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 4.0% over the same period. Executive Departure • Jan 30
Chief Financial Officer has left the company On the 22nd of January, Kwang Hwee Tan's tenure as Chief Financial Officer ended after 2.4 years in the role. We don't have any record of a personal shareholding under Kwang Hwee's name. Kwang Hwee is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Jan 27
New 90-day high: S$1.04 The company is up 9.0% from its price of S$0.95 on 29 October 2020. The Singaporean market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 12% over the same period. Announcement • Jan 23
EnGro Corporation Limited Announces the Cessation of Tan Kwang Hwee as Chief Financial Officer EnGro Corporation Limited announced that the cessation of Tan Kwang Hwee as Chief Financial Officer, effective January 22, 2021.