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Lafe

SGX:AYB
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AYB
SGX
SGD5M
Market Cap
  1. Home
  2. SG
  3. Real Estate
Company description

Lafe Corporation Limited, an investment holding company, engages in property investment, development, and agency and consultancy activities in the People’s Republic of China. The last earnings update was 8 days ago. More info.


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  • Lafe has significant price volatility in the past 3 months.
AYB Share Price and Events
7 Day Returns
-33.3%
SGX:AYB
0.2%
SG Real Estate
0.3%
SG Market
1 Year Returns
-
SGX:AYB
-7.5%
SG Real Estate
-6.7%
SG Market
AYB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lafe (AYB) -33.3% -48.8% -49.4% - -65% -92.4%
SG Real Estate 0.2% 2.4% 6.4% -7.5% 5.6% -5.3%
SG Market 0.3% 3.1% 3.7% -6.7% 8% -3.3%
1 Year Return vs Industry and Market
  • No trading data on AYB.
  • No trading data on AYB.
Price Volatility
AYB
Industry
5yr Volatility vs Market

Value

 Is Lafe undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Lafe. This is due to cash flow or dividend data being unavailable. The share price is SGD0.21.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Lafe's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lafe's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:AYB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.43
SGX:AYB Share Price ** SGX (2019-04-17) in SGD SGD0.21
SGX:AYB Share Price converted to USD reporting currency Exchange rate (SGD/ USD) 0.737 $0.15
Singapore Real Estate Industry PE Ratio Median Figure of 38 Publicly-Listed Real Estate Companies 9.52x
Singapore Market PE Ratio Median Figure of 328 Publicly-Listed Companies 13.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Lafe.

SGX:AYB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:AYB Share Price ÷ EPS (both in USD)

= 0.15 ÷ -0.43

-0.36x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lafe is loss making, we can't compare its value to the SG Real Estate industry average.
  • Lafe is loss making, we can't compare the value of its earnings to the Singapore market.
Price based on expected Growth
Does Lafe's expected growth come at a high price?
Raw Data
SGX:AYB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Singapore Real Estate Industry PEG Ratio Median Figure of 14 Publicly-Listed Real Estate Companies -0.16x
Singapore Market PEG Ratio Median Figure of 119 Publicly-Listed Companies 1.6x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Lafe, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Lafe's assets?
Raw Data
SGX:AYB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $1.71
SGX:AYB Share Price * SGX (2019-04-17) in SGD SGD0.21
SGX:AYB Share Price converted to USD reporting currency Exchange rate (SGD/ USD) 0.737 $0.15
Singapore Real Estate Industry PB Ratio Median Figure of 46 Publicly-Listed Real Estate Companies 0.59x
Singapore Market PB Ratio Median Figure of 432 Publicly-Listed Companies 0.75x
SGX:AYB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:AYB Share Price ÷ Book Value per Share (both in USD)

= 0.15 ÷ 1.71

0.09x

* Primary Listing of Lafe.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lafe is good value based on assets compared to the SG Real Estate industry average.
X
Value checks
We assess Lafe's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Lafe has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Lafe expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Lafe has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-10.1%
Expected Real Estate industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lafe expected to grow at an attractive rate?
  • Unable to compare Lafe's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Lafe's earnings growth to the Singapore market average as no estimate data is available.
  • Unable to compare Lafe's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SGX:AYB Future Growth Rates Data Sources
Data Point Source Value (per year)
Singapore Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -10.1%
Singapore Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 3%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.7%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SGX:AYB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:AYB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 15 -14 -11
2018-09-30 15 -14 -5
2018-06-30 15 -11 -4
2018-03-31 14 -8 -1
2017-12-31 13 -6 0
2017-09-30 12 -19 -9
2017-06-30 12 -17 -10
2017-03-31 12 -7 -11
2016-12-31 12 -8 -10
2016-09-30 11 5 -1
2016-06-30 11 0 -3
2016-03-31 12 -11 -30

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Lafe is high growth as no earnings estimate data is available.
  • Unable to determine if Lafe is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SGX:AYB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Lafe Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:AYB Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.43
2018-09-30 -0.21
2018-06-30 -0.14
2018-03-31 -0.05
2017-12-31 -0.02
2017-09-30 -0.36
2017-06-30 -0.41
2017-03-31 -0.44
2016-12-31 -0.39
2016-09-30 -0.03
2016-06-30 -0.14
2016-03-31 -1.22

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Lafe will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Lafe's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Real Estate companies here
  2. Lafe's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Lafe's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Singapore market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Singapore market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Lafe has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Lafe performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Lafe's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Lafe does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Lafe's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Lafe's 1-year growth to the SG Real Estate industry average as it is not currently profitable.
Earnings and Revenue History
Lafe's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Lafe Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:AYB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 14.59 -10.85 9.44
2018-09-30 14.55 -5.32 9.45
2018-06-30 14.52 -3.63 9.17
2018-03-31 13.65 -1.19 9.20
2017-12-31 13.05 -0.47 8.98
2017-09-30 12.24 -9.03 8.68
2017-06-30 11.79 -10.45 8.50
2017-03-31 11.66 -11.11 8.29
2016-12-31 11.61 -9.78 8.18
2016-09-30 11.38 -0.83 8.27
2016-06-30 11.41 -3.45 9.03
2016-03-31 12.13 -29.77 9.65
2015-12-31 12.63 -36.83 10.64
2015-09-30 13.48 -76.01 11.42
2015-06-30 14.03 -76.64 11.52
2015-03-31 13.87 -54.65 11.80
2014-12-31 13.71 -51.67 11.42
2014-09-30 13.57 -18.64 11.90
2014-06-30 13.18 -16.40 12.11
2014-03-31 13.04 -15.38 12.39
2013-12-31 13.18 -16.75 13.04
2013-09-30 13.00 -23.96 12.82
2013-06-30 12.98 -22.94 13.08
2013-03-31 12.98 -22.01 13.47
2012-12-31 13.03 8.40 12.01
2012-09-30 13.25 41.37 14.53
2012-06-30 13.15 42.79 12.59

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Lafe has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Lafe has efficiently used its assets last year compared to the SG Real Estate industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Lafe improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Lafe's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Lafe has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Lafe's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Lafe's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lafe's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Lafe's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Lafe's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Lafe Company Filings, last reported 3 months ago.

SGX:AYB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 43.30 5.10 1.01
2018-09-30 49.69 4.43 1.01
2018-06-30 51.17 0.01 1.96
2018-03-31 53.91 0.00 6.09
2017-12-31 54.21 0.01 9.62
2017-09-30 55.03 0.01 11.33
2017-06-30 55.05 1.97 9.91
2017-03-31 55.92 1.99 11.45
2016-12-31 55.38 1.97 12.81
2016-09-30 64.79 2.14 1.57
2016-06-30 66.18 2.20 1.47
2016-03-31 67.15 9.93 0.42
2015-12-31 65.21 8.34 1.67
2015-09-30 66.18 6.39 0.56
2015-06-30 72.22 22.59 0.89
2015-03-31 99.45 20.61 1.80
2014-12-31 104.57 26.04 4.77
2014-09-30 142.81 31.90 1.31
2014-06-30 148.34 34.71 1.79
2014-03-31 153.27 34.96 2.82
2013-12-31 155.15 41.51 2.51
2013-09-30 162.46 44.42 4.10
2013-06-30 164.24 50.06 2.82
2013-03-31 168.80 46.35 1.48
2012-12-31 173.23 51.95 2.03
2012-09-30 188.37 52.88 1.45
2012-06-30 187.65 54.32 4.67
  • Lafe's level of debt (11.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (26.7% vs 11.8% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Lafe has less than a year of cash runway based on current free cash flow.
  • Lafe has less than a year of cash runway if free cash flow continues to grow at historical rates of 34.2% each year.
X
Financial health checks
We assess Lafe's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Lafe has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Lafe's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Lafe dividends.
If you bought SGD2,000 of Lafe shares you are expected to receive SGD0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Lafe's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Lafe's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SGX:AYB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Singapore Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 3%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 278 Stocks 3.9%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SGX:AYB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2013-11-12 0.000 0.000
2013-08-14 0.000 0.000
2013-05-07 0.000 0.000
2013-04-11 0.000 0.000
2013-02-25 0.000 0.000
2012-02-29 0.250 8.008
2010-11-08 0.000 0.000
2010-08-10 0.000 0.000
2010-05-07 0.000 0.000
2010-03-01 0.000 0.000
2009-04-20 0.075 2.600

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Lafe has not reported any payouts.
  • Unable to verify if Lafe's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Lafe's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Lafe has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Lafe's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Lafe afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lafe has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Lafe's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Christopher Ho
AGE 67
CEO Bio

Mr. Wing-On Ho, also known as Christopher, serves as the Managing Director of Lafe Corporation Ltd since 31st August, 2018. Mr. He serves as Group chief executive officer of Lafe Corporation Ltd. He serves as President and Group Chief Executive of The Grande Holdings Limited. He serves at Grandetel Technologies Inc. Before joining The Grande Holdings Limited in 1991, he served as Partner of Messrs Ernst & Young, Hong Kong from 1984 to 1991 and also served as its Senior Partner. He has extensive experience in manufacturing, corporate finance, international trade and the hotel industry. He has been the Chairman of Lafe Corporation Ltd., since April 9, 1999. He has been the Chairman of Emerson Radio Corp. since June 19, 2016. Mr. Ho served as the Chairman of The Grande Holdings Limited from October 1, 1991 to February 19, 2016. He served as the Chairman at Emerson Radio Corp. from July 2006 to November 7, 2013. He served as the Chairman of Sansui Electric Co., Ltd. since March 2002. He served as the Chairman of the Board and Representative Director of Akai Electric Co., Ltd. since February 2002. He has been an Executive Director of Lafe Corporation Ltd., since April 9, 1999. He served as Non-Independent Non-Executive Director of Nakamichi Corp. Berhad from April 23, 1997 to October 28, 2004. Mr. Ho graduated with Bachelor of Commerce degree from University of Toronto in 1974. He is a member of the Canadian Institute of Chartered Accountants as well as a member of the Institute of Management Accountants of Canada.

CEO Compensation
  • Insufficient data for Christopher to compare compensation growth.
  • Insufficient data for Christopher to establish whether their remuneration is reasonable compared to companies of similar size in Singapore.
Management Team

Christopher Ho

TITLE
MD & Director
AGE
67

Paul Francis Binney

TITLE
CFO, Executive Director of Finance
AGE
58
TENURE
8 yrs

Paul Law

TITLE
Executive Director of Operations & Executive Director
AGE
61

Raymond Ho

TITLE
Managing Director of Vigers Group
AGE
55

Bianca Leung

TITLE
Executive Director of Vigers Holdings Ltd
AGE
55

David Cheung

TITLE
Executive Director of Vigers Appraisal & Consulting Ltd and Vigers Macao Company Limited
AGE
57

Linda Longworth

TITLE
Assistant Company Secretary
TENURE
13.8 yrs

Kenny Suen

TITLE
Executive Director of Operations & Executive Director
AGE
55
Board of Directors Tenure

Average tenure and age of the Lafe board of directors in years:

5
Average Tenure
63
Average Age
  • The tenure for the Lafe board of directors is about average.
Board of Directors

Will Helmuth

TITLE
Chairman
AGE
76
TENURE
0.7 yrs

Christopher Ho

TITLE
MD & Director
AGE
67
TENURE
20 yrs

Paul Francis Binney

TITLE
CFO, Executive Director of Finance
AGE
58
TENURE
0.7 yrs

Paul Law

TITLE
Executive Director of Operations & Executive Director
AGE
61
TENURE
8.7 yrs

Ricky Sim

TITLE
Independent & Non-Executive Director
AGE
64
TENURE
5 yrs

Samuel Yuen

TITLE
Independent & Non-Executive Director
AGE
63
TENURE
3 yrs

Kenny Suen

TITLE
Executive Director of Operations & Executive Director
AGE
55
TENURE
8.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
X
Management checks
We assess Lafe's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Lafe has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Who Really Owns Lafe Corporation Limited (SGX:AYB)?

In this article, I'm going to take a look at Lafe Corporation Limited’s (SGX:AYB) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … SGX:AYB Ownership Summary July 20th 18

Simply Wall St -

Lafe Corporation Limited (SGX:AYB): How Does It Impact Your Portfolio?

AYB's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive. … Thus, we can expect AYB to be more stable in the face of market movements, relative to its peers of similar size but with a higher portion of fixed assets on their books.

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Who Are The Largest Shareholders In Lafe Corporation Limited (SGX:AYB)?

Check out our latest analysis for Lafe SGX:AYB Ownership_summary May 3rd 18 Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital. … General Public Ownership The general public holds a substantial 12.31% stake in AYB, making it a highly popular stock among retail investors. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors.

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Should You Have Lafe Corporation Limited's (SGX:AYB) In Your Portfolio?

If you are looking to invest in Lafe Corporation Limited’s (SGX:AYB), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. … A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … Based on this beta value, AYB appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market.

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Should You Worry About Lafe Corporation Limited's (SGX:AYB) CEO Salary Level?

In the situation of negative earnings, the company may be facing a period of reinvestment and growth, or it can be a signal of some headwind. … Despite the fact that one size does not fit all, as compensation should account for specific factors of the company and market, we can fashion a high-level yardstick to see if AYB is an outlier. … Normally I would use earnings and market cap to account for variations in performance, however, AYB's negative earnings reduces the effectiveness of this method.

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Who Are Lafe Corporation Limited's (SGX:AYB) Major Shareholders?

Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital. … Private Company Ownership Potential investors in AYB should also look at another important group of investors: private companies, with a stake of 6.78%, who are primarily invested because of strategic and capital gain interests. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.What this means for you: With a low level of institutional ownership, investors in AYB need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

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Real Estate Stocks: Is Now The Time To Buy Lafe Corporation Limited (SGX:AYB)?

Lafe Corporation Limited (SGX:AYB), a SGD$22.67M small-cap, is a real estate company operating in an industry which remains the single largest sector globally, and has continued to play a key role in investor portfolios as an asset class. … In this article, I’ll take you through the real estate sector growth expectations, as well as evaluate whether Lafe is lagging or leading its competitors in the industry. … If your initial investment thesis is around the growth prospects of Lafe, there are other real estate companies that have delivered higher growth, and perhaps trading at a discount to the industry average.

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Company Info

Description

Lafe Corporation Limited, an investment holding company, engages in property investment, development, and agency and consultancy activities in the People’s Republic of China. It also provides property management and appraisal, building consultancy, corporate administration, security guard, fund management, and close protection services, as well as engages in trademarks holding activities. The company was incorporated in 1999 and is based in Singapore. Lafe Corporation Limited is a subsidiary of Sino Capital Resources Limited.

Details
Name: Lafe Corporation Limited
AYB
Exchange: SGX
Founded: 1999
SGD5,319,999
25,333,333
Website: http://www.lafecorporation.com
Address: Lafe Corporation Limited
119 Emerald Hill Road,
No. 12-01 Residences at Emerald Hill,
Singapore,
229401,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX AYB Ordinary Shares Singapore Exchange SG SGD 07. Apr 2000
DB LAE2 Ordinary Shares Deutsche Boerse AG DE EUR 07. Apr 2000
Number of employees
Current staff
Staff numbers
0
Lafe employees.
Industry
Diversified Real Estate Activities
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 12:36
End of day share price update: 2019/04/17 00:00
Last earnings filing: 2019/04/11
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.