New Risk • Jul 01
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (44% average weekly change). Minor Risk Market cap is less than US$100m (S$23.5m market cap, or US$18.2m). Announcement • Mar 14
The Place Holdings Limited, Annual General Meeting, Mar 31, 2026 The Place Holdings Limited, Annual General Meeting, Mar 31, 2026, at 15:30 Singapore Standard Time. Location: suntec city convention centre meeting room 333, level 3, suntec singapore convention & exhibition centre, 1 raffl es boulevard, suntec city, singapore 039593, Singapore New Risk • Mar 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$11.8m (US$9.19m) 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 Latest financial reports are more than 1 year old (reported December 2024 fiscal period end). Share price has been highly volatile over the past 3 months (41% average weekly change). Revenue has declined by 100% over the past year. Revenue is less than US$1m. Market cap is less than US$10m (S$11.8m market cap, or US$9.19m). New Risk • Mar 02
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2024. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2024 fiscal period end). Share price has been highly volatile over the past 3 months (37% average weekly change). Revenue has declined by 100% over the past year. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (S$17.6m market cap, or US$13.9m). New Risk • Sep 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 Share price has been highly volatile over the past 3 months (43% average weekly change). Earnings have declined by 16% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (S$41.2m market cap, or US$32.3m). Board Change • Jul 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. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Guat Kwang Yeo was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Mar 02
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 (47% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Large one-off items impacting financial results. Revenue is less than US$5m (S$1.5m revenue, or US$1.1m). Market cap is less than US$100m (S$17.6m market cap, or US$13.1m). Announcement • Aug 03
the Place Holdings Limited Announces Resignation of Sun Quan as Non-Executive Director The Place Holdings Limited announced resignation of Sun Quan as Non-Executive Director with effect from 2 August 2024, to focus fully on managing and growing the business of Ascent Bridge Limited. Other DirectorShips Past: Overseas Chinese Headquarter Development Fund Global Impetus Bullion Fund Oriental Straits Fund II Starbright (Beijing) Culture Development Co., Ltd, Beijing Dejoera Investment Co., Ltd, Vanguard Resources Pte Ltd. Asia, Aviation Fund Capital Impetus Advisory Pte Ltd, Eaters Pte Ltd. Prosperous Chinese Food Pte Ltd. Other DirectorShips Present: Acumedical Inc. AcuClinics Acumedical Development Fund LLC, Ascent Bridge Limited Ascent Bridge (Singapore) Pte. Ltd, Capital Impetus Group Limited China Capital Asset Management Sdn. Bhd, China Capital Impetus Asset Management Pte Ltd, China Capital Impetus Fund, China Capital Impetus Investment Limited, Capital Impetus Asset Management LLC, CEL Impetus Corporate Finance Pte Ltd. Dejoera Holdings Ltd. Dejoera Investment Limited Dejoera Pte. Ltd., Galaxy-Impetus Fund I Meridian Group Limited Meridian Impetus Holdings Pte. Ltd. MTBL Global Fund (f.k.a. New Impetus Strategy Fund) MTBL Global Holdings Pte Ltd. New Risk • Mar 10
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 89% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (30% average weekly change). Minor Risks Large one-off items impacting financial results. Revenue is less than US$5m (S$2.2m revenue, or US$1.7m). Market cap is less than US$100m (S$35.3m market cap, or US$26.5m). Reported Earnings • Mar 02
Full year 2023 earnings released: EPS: S$0.001 (vs S$0.002 loss in FY 2022) Full year 2023 results: EPS: S$0.001 (up from S$0.002 loss in FY 2022). Net income: S$2.96m (up S$15.4m from FY 2022). 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 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 Share price has been highly volatile over the past 3 months (28% average weekly change). Earnings have declined by 78% per year over the past 5 years. Revenue is less than US$1m (S$932k revenue, or US$692k). 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$35.3m market cap, or US$26.2m). Buying Opportunity • Jan 17
Now 39% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be S$0.0083, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Jan 02
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 25%. The fair value is estimated to be S$0.0081, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last 3 years. Meanwhile, the company became loss making. Announcement • Dec 01
The Place Holdings Limited Change of Company Secretary The board of directors of The Place Holdings Limited announced the resignation of Dr. Qiu Yang as the company secretary of the Company with effect from 1 December 2023, the appointment of Mr. Lim Heng Chong Benny and Ms. Jacqueline Anne Low as the joint secretaries of the Company with effect from 1 December 2023. Buying Opportunity • Nov 24
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 25%. The fair value is estimated to be S$0.008, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Nov 08
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be S$0.008, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Oct 24
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be S$0.0081, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 19
First half 2023 earnings released: EPS: S$0 (vs S$0 in 1H 2022) First half 2023 results: EPS: S$0 (in line with 1H 2022). Net loss: S$2.49m (loss widened 184% from 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 01
Full year 2022 earnings released: S$0.002 loss per share (vs S$0 in FY 2021) Full year 2022 results: S$0.002 loss per share (further deteriorated from S$0 in FY 2021). Net loss: S$12.3m (loss widened 329% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 123 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Guat Kwang Yeo was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 05
First half 2022 earnings released First half 2022 results: Net income: (down S$2.44m from profit in 1H 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 136 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
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. 6 experienced directors. No highly experienced directors. Independent Director Hee Kok Chng 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 • Apr 13
Full year 2021 earnings released: EPS: S$0 (vs S$0 in FY 2020) Full year 2021 results: EPS: S$0 (vs S$0 in FY 2020). Net loss: S$2.87m (down S$3.55m from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 125 percentage points per year, which is a significant difference in performance. Board Change • Apr 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. 6 experienced directors. No highly experienced directors. Independent Director Hee Kok Chng 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 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: S$0 (vs S$0 in FY 2020). Net loss: S$2.70m (down 493% from profit in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 142 percentage points per year, which is a significant difference in performance. Board Change • Dec 06
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 Hee Kok Chng 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 01
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$1.13m (down 51% from FY 2019). Net income: S$684.0k (up S$604.0k from FY 2019). Profit margin: 61% (up from 3.5% in FY 2019). The increase in margin was driven by lower expenses. Announcement • Jan 22
The Place Holdings Limited Appoints Zhang Wei as Chief Strategy Officer The Place Holdings Limited announced that the Board of Directors, having reviewed, considered, assessed and concluded that Mr. Zhang Wei possesses the requisite qualifications and work experience to carry out his duties as a Chief Strategy Officer of the Company, have accordingly approved the appointment of Mr. Zhang Wei as a Chief Strategy Officer. The appointment is an executive position. Mr. Zhang Wei will be responsible for assisting the Executive Chairman with strategic planning, growth strategy and capital planning of the Group. Announcement • Jan 01
The Place Holdings Limited Announces Management Changes The Place Holdings Limited announced the resignation of Mr. Lim Heng Chong, Benny and Ms. Dai Lingna as Joint Company Secretaries of the Company with effect from 31 December 2020; and the appointment of Dr. Qiu Yang as the sole Company Secretary of the Company with effect from 31 December 2020. Announcement • Dec 04
The Place Holdings Limited Announces Strategic Collaboration Framework Agreement with MCC Land (Singapore) Pte. Ltd The board of directors of The Place Holdings Limited announced that the Company had on 2 December 2020, entered into a strategic collaboration framework agreement (the "Strategic Framework Agreement") with MCC Land (Singapore) Pte. Ltd. Pursuant to the Strategic Framework Agreement, the Parties have, in the interests of establishing a long term and mutually beneficial relationship, agreed to cooperate and collaborate in good faith in potential and upcoming construction and development of residential and commercial property projects, projects management, as well as development and management of cultural tourism projects. In particular, the Parties have intentions to collaborate on the development of 15 Enggor Street, Realty Centre, Singapore ("Realty Centre Project"). By way of background, the Group's 51% owned subsidiary New Vision Holding Pte. Ltd. ("New Vision") was awarded the tender for the acquisition by way of collective sale of all the strata units together with the common property comprised in the development known as 15 Enggor Street, Realty Centre, Singapore 079716 (the "Property"). For further details on the Realty Centre Project, please refer to the Company's circular to shareholders dated 22 July 2019. Pursuant to the Strategic Framework Agreement and such further definitive agreement(s) as may be required to be entered into, the Parties have contemplated, among other things, that MCC Land (Singapore) or its nominees shall invest in the Realty Centre Project ("MCC's Participation"). In connection with MCC's Participation, The Place Yuntai Investment Pte. Ltd. ("TPYI") (a wholly-owned subsidiary of the Company) intends to waive its right of first refusal with respect to any equity transfer in New Vision to MCC Land (Singapore) or its nominees. Shareholders shall note that parties to the Realty Centre Project will enter into such definitive agreement(s) relating to the above as may be necessary in due course and the Board will make such announcements on the same to update shareholders when such agreements have been entered into.