Reported Earnings • Apr 19
Full year 2025 earnings released: S$0.005 loss per share (vs S$0.004 loss in FY 2024) Full year 2025 results: S$0.005 loss per share (further deteriorated from S$0.004 loss in FY 2024). Net loss: S$18.4m (loss widened 18% from FY 2024). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Apr 16
Alset International Limited, Annual General Meeting, Apr 30, 2026 Alset International Limited, Annual General Meeting, Apr 30, 2026, at 10:30 Singapore Standard Time. Location: 138 cecil street 01-02 cecil court, singapore 069538, Singapore Reported Earnings • Feb 28
Full year 2025 earnings released: S$0.005 loss per share (vs S$0.004 loss in FY 2024) Full year 2025 results: S$0.005 loss per share (further deteriorated from S$0.004 loss in FY 2024). Net loss: S$18.4m (loss widened 18% from FY 2024). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 15
First half 2025 earnings released: S$0.003 loss per share (vs S$0.001 loss in 1H 2024) First half 2025 results: S$0.003 loss per share (further deteriorated from S$0.001 loss in 1H 2024). Revenue: S$23.0k (down 100% from 1H 2024). Net loss: S$11.0m (loss widened 144% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 01
Full year 2024 earnings released: S$0.004 loss per share (vs S$0.001 loss in FY 2023) Full year 2024 results: S$0.004 loss per share (further deteriorated from S$0.001 loss in FY 2023). Revenue: S$22.4m (down 12% from FY 2023). Net loss: S$14.4m (loss widened 217% from FY 2023). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. New Risk • Nov 20
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 7.6% 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 7.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (S$104.8m market cap, or US$78.0m). Recent Insider Transactions • Aug 29
Executive Chairman & Co-CEO recently bought S$64k worth of stock On the 22nd of August, Heng Fai Chan bought around 2m shares on-market at roughly S$0.027 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. Heng Fai has been a buyer over the last 12 months, purchasing a net total of S$83k worth in shares. Announcement • May 02
Alset International Limited Announces Board and Committee Changes The Board of Directors of Alset International Limited announced the cessation of Mr. Tao Yeoh Chi (Mr. Tao) as the Lead Independent Non-Executive Director of the company with effect from 30 April 2024; and the re-designation of Mr. Tang Yeng Yuen as the Lead Independent Non-Executive Director of the Company and appointment as a member of the Nominating Committee of the Company with effect from 1 May 2024. Following the above-mentioned changes and with effect from 1 May 2024, the composition of the Board of the Company and the Nominating Committee of the Company shall be reconstituted as follows: Board of Directors: Mr. Chan Heng Fai (Executive Chairman, Executive Director and Chief Executive Officer); Mr. Chan Tung Moe (Executive Director and Co-Chief Executive Officer); Mr. Lui Wai Leung Alan (Executive Director and Chief Financial Officer); Mr. Lim Sheng Hon, Danny (Executive Director and Senior Vice President of Business Development); Mr. Tang Yeng Yuen (Lead Independent Non-Executive Director); Mr. Chan King Fai (Independent Non-Executive Director); Mr. Wong Shui Yeung (Independent Non-Executive Director) and Mr. Wong Tat Keung (Independent Non-Executive Director). Nominating Committee: Mr. Wong Tat Keung (Chairman); Mr. Tang Yeng Yuen (Member); Mr. Chan King Fai (Member); Mr. Chan Heng Fai (Member). For the avoidance of doubt, there are no changes to the composition of the Audit and Risk Management Committee and the Remuneration Committee of the Company. Announcement • Apr 16
Alset International Limited, Annual General Meeting, Apr 30, 2024 Alset International Limited, Annual General Meeting, Apr 30, 2024, at 10:30 Singapore Standard Time. Location: 138 Cecil Street #01-02 Cecil Court Singapore Singapore Agenda: To receive and adopt the Directors' Statement and the Audited Financial Statements of the Company for the financial year ended 31 December 2023 together with the Auditors' Report thereon; to consider directorate reappointments; to approve the authority to allot and issue new Shares; to approve the Proposed Adoption of the 2024 Alset International Limited Share Option Scheme; to approve the Proposed Grant of Options at a Discount under the 2024 Alset International Limited Share Option Scheme; and to consider other matters. Announcement • Mar 21
Alset International Limited Appoints Tang Yeng Yuen as Independent Non-Executive Director Alset International Limited announced appointment of Tang Yeng Yuen (Mr Tang) as Independent Non-Executive Director. The Board of Directors of the Company (the "Board") has considered, reviewed and assessed the qualifications, working experience, suitability, independence, character and integrity of Mr. Tang, the ability of Mr. Tang to devote sufficient time and resources to Alset International Limited (the "Company"), the diversity of the Board composition, as well as the recommendations of the Nominating Committee, and as such approved the appointment of Mr. Tang as an Independent Non-Executive Director of the Company. The Board is satisfied that Mr. Tang has the requisite experience and capabilities to assume the responsibilities of an Independent Non-Executive Director of the Company. Mr. Tang was the Head of Corporate Finance in Hong Leong Finance Limited till 2023. As the Head, he was in charge of the continuing activities undertaken by the continuing sponsor. Hong Leong Finance Limited is the continuing sponsor of the company. Working Experience: 2011 - 2023 HONG LEONG FINANCE LIMITED - HEAD OF CORPORATE FINANCE. Other Director Ships Past: 2011 to 2023 HONG LEONG FINANCE LIMITED - HEAD OF CORPORATE FINANCE. Reason for director to not undergo training: Notwithstanding the fact that Mr. Tang has no prior experience as a director of a listed company on the Exchange, he is familiar with the roles and responsibilities of independent directors as he had worked in the Listing Department of Singapore Exchange Limited and had been a sponsor for listed Catalist companies for the past 12 years. Accordingly, the Nominating Committee believes Mr. Tang to possess sufficient relevant experience to dispense with the Mandatory Training as required under Rule 406(3)(a) of the Catalist Rules. For the avoidance of doubt, Mr. Tang has attended the mandatory sustainability training prescribed by the SGX-ST, as required under Rule 720(6) of the Catalist Rules. Effective Date is March 20, 2024. Reported Earnings • Mar 01
Full year 2023 earnings released: S$0.001 loss per share (vs S$0.012 loss in FY 2022) Full year 2023 results: S$0.001 loss per share (improved from S$0.012 loss in FY 2022). Revenue: S$25.5m (up S$22.5m from FY 2022). Net loss: S$3.29m (loss narrowed 92% from FY 2022). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Nov 08
Alset International Limited Announces Cessation of Lam Lee G. as Independent Non-Executive Director and Vice Chairman Alset International Limited announced the cessation of LAM Lee G. as Independent Non-Executive Director and Vice Chairman. Due to health reasons, Dr. LAM Lee G. ("Dr Lam") has tendered his resignation and is stepping down from his role in the Company. The Board agreed to accept his resignation with immediate effect, taking into account Dr. Lam's reason for resigning. Dr. Lam confirms that there are no concerns or disagreements with the Board or management of the Company over matters involving the Company that led to his resignation. The Company's Sponsor, Hong Leong Finance Limited, after having interviewed Dr. Lam, is satisfied that, save as disclosed in the announcement, there are no material reasons for the resignation of Dr. Lam as the Independent Non-Executive Director and Vice Chairman of the Company. Reported Earnings • Aug 15
First half 2023 earnings released: EPS: S$0.003 (vs S$0.004 loss in 1H 2022) First half 2023 results: EPS: S$0.003 (up from S$0.004 loss in 1H 2022). Revenue: S$24.9m (up S$21.5m from 1H 2022). Net income: S$10.8m (up S$26.5m from 1H 2022). Profit margin: 43% (up from net loss in 1H 2022). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Board Change • Aug 01
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. 2 highly experienced directors. Co-CEO, Group Chief Development Officer & Executive Director Tung Moe Chan was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jun 30
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 13% 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 Less than 1 year of cash runway based on free cash flow trend (-S$23m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 49% per year over the past 5 years. Minor Risks Revenue is less than US$5m (S$3.0m revenue, or US$2.2m). Market cap is less than US$100m (S$55.9m market cap, or US$41.2m). New Risk • Jun 26
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -S$23m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-S$23m free cash flow). Earnings have declined by 49% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Revenue is less than US$5m (S$3.0m revenue, or US$2.2m). Market cap is less than US$100m (S$52.4m market cap, or US$38.8m). Reported Earnings • Mar 02
Full year 2022 earnings released: S$0.014 loss per share (vs S$0.018 loss in FY 2021) Full year 2022 results: S$0.014 loss per share (improved from S$0.018 loss in FY 2021). Net loss: S$48.7m (loss narrowed 1.0% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 7% per year. Reported Earnings • Aug 14
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up S$43.1m from 1H 2021). Profit margin: (up from net loss in 1H 2021). Over the last 3 years on average, earnings per share has fallen by 24% 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 • Apr 16
Alset International Limited, Annual General Meeting, Apr 30, 2022 Alset International Limited, Annual General Meeting, Apr 30, 2022, at 10:30 Singapore Standard Time. Agenda: To receive and adopt the Directors' Statement and the Audited Financial Statements of the Company for the financial year ended 31 December 2021 together with the Auditors' Report thereon; to approve the payment of Directors' fees of up to S$200,000 and for payment of such Directors' fees half yearly in arrears for the financial year ending 31 December 2022; to re-appoint Foo Kon Tan LLP as the Company's Auditors and to authorise the Directors of the Company to fix their remuneration; and to consider any other matter thereof. Reported Earnings • Mar 02
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: S$26.2m (up 4.5% from FY 2020). Net loss: S$59.7m (loss widened S$52.3m from FY 2020). Revenue was in line with analyst estimates. Announcement • Feb 25
Alset International Limited Provides Consolidated Earnings Guidance for the Fiscal Year 2021 Alset International Limited provided consolidated earnings guidance for the fiscal year 2021. For the period, the group expected to report a loss for fiscal year 2021, principally due to the following factors: an increase in the Group's administrative expenses relating to directors' remuneration; and the Group's investment business reported a fair value loss in respect of its investment securities. Recent Insider Transactions • Jan 20
Executive Chairman & Co-CEO recently bought S$96k worth of stock On the 17th of January, Heng Fai Chan bought around 2m shares on-market at roughly S$0.062 per share. This was the largest purchase by an insider in the last 3 months. Heng Fai has been a buyer over the last 12 months, purchasing a net total of S$4.5m worth in shares. Recent Insider Transactions • Jan 08
Executive Chairman & Co-CEO recently bought S$95k worth of stock On the 6th of January, Heng Fai Chan bought around 2m shares on-market at roughly S$0.054 per share. This was the largest purchase by an insider in the last 3 months. Heng Fai has been a buyer over the last 12 months, purchasing a net total of S$4.3m worth in shares. Recent Insider Transactions Derivative • Dec 21
Executive Chairman & Co-CEO exercised options to buy S$13m worth of stock. On the 17th of December, Heng Fai Chan exercised options to buy 251m shares at a strike price of around S$0.048, costing a total of S$12m. This transaction amounted to 9.2% of their direct individual holding at the time of the trade. Since December 2020, Heng Fai's direct individual holding has increased from 1.20b shares to 2.73b. Company insiders have collectively bought S$88m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Sep 30
Executive Chairman & Co-CEO recently bought S$61k worth of stock On the 29th of September, Heng Fai Chan bought around 994k shares on-market at roughly S$0.062 per share. In the last 3 months, they made an even bigger purchase worth S$484k. Heng Fai has been a buyer over the last 12 months, purchasing a net total of S$4.1m worth in shares. Director Overboarding • Sep 04
Director Lee George Lam has joined 10th company board Independent Non-Executive Vice Chairman Lee George Lam has been appointed to the board of Huarong International Financial Holdings Limited (SEHK:993). Lam now sits on a total of 10 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Sep 04
Director Lee George Lam has joined 10th company board Independent Non-Executive Vice Chairman Lee George Lam has been appointed to the board of Huarong International Financial Holdings Limited (SEHK:993). Lam now sits on a total of 10 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Sep 04
Director Lee George Lam has joined 10th company board Independent Non-Executive Vice Chairman Lee George Lam has been appointed to the board of Huarong International Financial Holdings Limited (SEHK:993). Lam now sits on a total of 10 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Sep 04
Director Lee George Lam has joined 10th company board Independent Non-Executive Vice Chairman Lee George Lam has been appointed to the board of Huarong International Financial Holdings Limited (SEHK:993). Lam now sits on a total of 10 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Sep 04
Director Lee George Lam has joined 10th company board Independent Non-Executive Vice Chairman Lee George Lam has been appointed to the board of Huarong International Financial Holdings Limited (SEHK:993). Lam now sits on a total of 10 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Sep 04
Director Lee George Lam has joined 10th company board Independent Non-Executive Vice Chairman Lee George Lam has been appointed to the board of Huarong International Financial Holdings Limited (SEHK:993). Lam now sits on a total of 10 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Sep 04
Director Lee George Lam has joined 10th company board Independent Non-Executive Vice Chairman Lee George Lam has been appointed to the board of Huarong International Financial Holdings Limited (SEHK:993). Lam now sits on a total of 10 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Director Overboarding • Sep 04
Director Lee George Lam has joined 10th company board Independent Non-Executive Vice Chairman Lee George Lam has been appointed to the board of Huarong International Financial Holdings Limited (SEHK:993). Lam now sits on a total of 10 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Recent Insider Transactions • Aug 25
Executive Chairman & Co-CEO recently bought S$150k worth of stock On the 19th of August, Heng Fai Chan bought around 3m shares on-market at roughly S$0.051 per share. In the last 3 months, they made an even bigger purchase worth S$248k. Heng Fai has been a buyer over the last 12 months, purchasing a net total of S$3.1m worth in shares. Recent Insider Transactions Derivative • Jul 15
Executive Chairman & Co-CEO exercised options to buy S$19m worth of stock. On the 13th of July, Heng Fai Chan exercised options to buy 295m shares at a strike price of around S$0.048, costing a total of S$14m. This transaction amounted to 12% of their direct individual holding at the time of the trade. Since September 2020, Heng Fai's direct individual holding has increased from 980.24m shares to 2.39b. Company insiders have collectively bought S$75m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Jun 18
Executive Chairman & Co-CEO recently bought S$66k worth of stock On the 15th of June, Heng Fai Chan bought around 1m shares on-market at roughly S$0.066 per share. In the last 3 months, they made an even bigger purchase worth S$295k. Despite this recent buy, Heng Fai has been a net seller over the last 12 months, reducing personal holdings by S$8.1m. Recent Insider Transactions • May 28
Executive Chairman & Co-CEO recently bought S$295k worth of stock On the 25th of May, Heng Fai Chan bought around 5m shares on-market at roughly S$0.061 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Heng Fai has been a net seller over the last 12 months, reducing personal holdings by S$9.1m. Recent Insider Transactions Derivative • May 18
Executive Chairman & Co-CEO exercised options to buy S$4.6m worth of stock. On the 12th of May, Heng Fai Chan exercised options to buy 77m shares at a strike price of around S$0.048, costing a total of S$3.7m. This transaction amounted to 5.7% of their direct individual holding at the time of the trade. Since June 2020, Heng Fai's direct individual holding has increased from 805.10m shares to 1.34b. Company insiders have collectively bought S$15m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • May 01
Executive Chairman & Co-CEO recently bought S$84k worth of stock On the 29th of April, Heng Fai Chan bought around 1m shares on-market at roughly S$0.063 per share. In the last 3 months, they made an even bigger purchase worth S$147k. Despite this recent buy, Heng Fai has been a net seller over the last 12 months, reducing personal holdings by S$9.8m. Recent Insider Transactions • Mar 04
Executive Chairman & CEO recently bought S$147k worth of stock On the 2nd of March, Heng Fai Chan bought around 2m shares on-market at roughly S$0.065 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Heng Fai has been a net seller over the last 12 months, reducing personal holdings by S$9.8m. Announcement • Mar 01
Alset International Limited Appoints Chan Tung Moe as Co-Chief Executive Officer Alset International Limited announced that Mr. Chan Tung Moe will assume the responsibilities as an Executive Director and Co-Chief Executive Officer of the Company. Accordingly, the Board of Directors has approved the appointment of Mr. Chan Tung Moe as an Executive Director and Co-Chief Executive Officer of the Company. Tung Working Experience is 2020 to Present Alset International Limited (Singapore) - Executive Director and Group Chief Development Officer. 2020 to Present Document Security Systems Inc. - Director. 2020 to Present American Medical REIT Inc. (USA) - Director of Corporate Development. Appointment date is on March 1, 2021. Announcement • Jan 08
Alset International Limited (Catalist:40V) entered into an sale and purchase agreement to acquire 12.82% stake in Document Security Systems, Inc. (AMEX:DSS) from Chan Heng Fai and Hengfai Business Development Pte Ltd for $4.7 million. Alset International Limited (Catalist:40V) entered into an sale and purchase agreement to acquire 12.82% stake in Document Security Systems, Inc. (AMEX:DSS) from Chan Heng Fai and Hengfai Business Development Pte Ltd for $4.7 million on January 6, 2021. In connection to this transaction, Alset will acquire 748,492 shares in the share capital of Document Security Systems representing approximately 12.82% of the total issued and paid-up share capital of DSS and consideration for these shares amount to $4.7 million. The consideration shall be funded through the Group’s internal resources. Chan Heng Fai holds 666,174 shares in the share capital of Document Security Systems, representing approximately 11.41% of the total issued and paid-up share capital of Document Security Systems, Heng Fai Holdings Limited holds 59,551 shares in the share capital of Document Security Systems, representing approximately 1.02% of the total issued and paid-up share capital of Document Security Systems and Hengfai Business Development holds 22,767 shares in the share capital of Document Security Systems, representing approximately 0.39% of the total issued and paid-up share capital of Document Security Systems. The deal is subject to Vendors obtaining such approvals from its board of directors and/or shareholders in connection with the purchase agreement, obtaining all relevant approvals in connection with the purchase agreement, all necessary third party, governmental and regulatory consents, approvals and waivers, including approvals, waivers and clearance, where required for the transactions contemplated thereunder, having been obtained by the vendors. Recent Insider Transactions Derivative • Jan 03
Executive Chairman & CEO exercised options to buy S$16m worth of stock. On the 30th of December, Heng Fai Chan exercised options to buy 220.00m shares at a strike price of around S$0.04, costing a total of S$8.8m. This transaction amounted to 23% of their direct individual holding at the time of the trade. Since March 2020, Heng Fai's direct individual holding has increased from 781.82m shares to 982.74m. Company insiders have collectively bought S$11m more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Dec 13
Alset International Limited Approves Appointment of Chan Tung Moe as an Executive Director and Group Chief Development Officer of the Company Alset International Limited announced that, the Board of Directors has approved the appointment of Mr. Chan Tung Moe as an Executive Director and Group Chief Development Officer of the Company. Executive Mr. Chan Tung Moe has overall responsibility of the Group's global property business. From 2020 to Present he was Alset International Limited (Singapore) - Group Chief Development Officer 2020 to Present Document Security Systems Inc. (USA). Appointment Date is December 11, 2020. . Recent Insider Transactions • Nov 17
Executive Chairman & CEO recently bought S$61k worth of stock On the 13th of November, Heng Fai Chan bought around 1m shares on-market at roughly S$0.061 per share. In the last 3 months, they made an even bigger purchase worth S$342k. Despite this recent buy, Heng Fai has been a net seller over the last 12 months, reducing personal holdings by S$10.0m. Recent Insider Transactions • Nov 06
Executive Chairman & CEO recently bought S$90k worth of stock On the 3rd of November, Heng Fai Chan bought around 2m shares on-market at roughly S$0.06 per share. In the last 3 months, they made an even bigger purchase worth S$342k. Despite this recent buy, Heng Fai has been a net seller over the last 12 months, reducing personal holdings by S$10m. Announcement • Aug 08
Singapore eDevelopment Limited to Report First Half, 2020 Results on Aug 14, 2020 Singapore eDevelopment Limited announced that they will report first half, 2020 results on Aug 14, 2020