Board Change • Jun 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Yu Meng Chan is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • May 08
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: S$16m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 31% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Significant insider selling over the past 3 months (S$16m sold). Market cap is less than US$100m (S$53.0m market cap, or US$41.8m). Announcement • May 07
Global Wave Venture Pte. Ltd. acquired 29.90% stake in Avi-Tech Holdings Limited (SGX:1R6) from Lim Eng Hong and others for SGD 17 million. Global Wave Venture Pte. Ltd. acquired 29.90% stake in Avi-Tech Holdings Limited (SGX:1R6) from Lim Eng Hong and others for SGD 17 million on May 7, 2026. A cash consideration of SGD 17 million will be paid by Global Wave Venture Pte. Ltd. As part of consideration, SGD 17 million is paid towards common equity of Avi-Tech Holdings Limited.
Following completion of the transaction, Lim Eng Hong has stepped down from his roles as Executive Director, Chief Executive Officer and Executive Chairman of Avi-Tech Holdings Limited. He will continue to serve as Chief Executive Officer of Avi-Tech Electronics Pte. Ltd. focusing on the subsidiary’s existing business operations and growth initiatives. Lim Tai Meng Alvin has resigned as Executive Director and Chief Operating Officer of the Avi-Tech Holdings Limited. He will continue to serve as Chief Operating Officer of AVT Elect, where he will remain responsible for operational management and execution of the subsidiary’s business activities.
Global Wave Venture Pte. Ltd. completed the acquisition of 29.90% stake in Avi-Tech Holdings Limited (SGX:1R6) from Lim Eng Hong and others on May 7, 2026. New Risk • May 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 12% 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 31% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (S$47.9m market cap, or US$37.8m). Reported Earnings • Feb 16
First half 2026 earnings released: S$0.006 loss per share (vs S$0.001 loss in 1H 2025) First half 2026 results: S$0.006 loss per share (further deteriorated from S$0.001 loss in 1H 2025). Revenue: S$8.73m (down 3.0% from 1H 2025). Net loss: S$990.0k (loss widened 329% from 1H 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Announcement • Jan 23
Avi-Tech Holdings Limited Provides Earnings Guidance for the Half Year Ended 31 December 2025 Avi-Tech Holdings Limited provided earnings guidance for the half year ended 31 December 2025. The Group's financial performance is expected to reflect a decline compared to the half year ended 31 December 2024, resulting in a net loss. Announcement • Oct 31
Avi-Tech Holdings Limited Approves Final One-Tier Tax Exempt Dividend for the Year Ended 30 June 2025 Avi-Tech Holdings Limited at its AGM held on October 28, 2025 approved the final one-tier tax exempt dividend of 0.25 cents per ordinary share for the year ended 30 June 2025. Reported Earnings • Oct 09
Full year 2025 earnings released: EPS: S$0.004 (vs S$0.016 in FY 2024) Full year 2025 results: EPS: S$0.004 (down from S$0.016 in FY 2024). Revenue: S$21.6m (down 14% from FY 2024). Net income: S$663.0k (down 76% from FY 2024). Profit margin: 3.1% (down from 11% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 45% 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. Announcement • Oct 06
Avi-Tech Holdings Limited, Annual General Meeting, Oct 28, 2025 Avi-Tech Holdings Limited, Annual General Meeting, Oct 28, 2025, at 11:00 Singapore Standard Time. Location: 19a serangoon north avenue 5, 6th floor, singapore 554859, Singapore Reported Earnings • Aug 27
Full year 2025 earnings released Full year 2025 results: Revenue: S$21.6m (down 14% from FY 2024). Net income: S$663.0k (down 76% from FY 2024). Profit margin: 3.1% (down from 11% in FY 2024). The decrease in margin was driven by lower revenue. New Risk • May 05
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 11% 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 21% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (S$30.4m market cap, or US$23.6m). Reported Earnings • Feb 18
First half 2025 earnings released: S$0.001 loss per share (vs S$0.017 profit in 1H 2024) First half 2025 results: S$0.001 loss per share (down from S$0.017 profit in 1H 2024). Revenue: S$9.00m (down 46% from 1H 2024). Net loss: S$231.0k (down 108% from profit in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • Nov 19
Avi-Tech Holdings Limited Approves Final One-Tier Tax Exempt Dividend for the Fiscal Year 2024, Payable on 26 November 2024 Avi-Tech Holdings Limited at its AGM held on October 29, 2024, approved the final one-tier tax exempt dividend of 0.75 cents per ordinary share for the fiscal year 2024. The final one-tier tax exempt dividend would be paid on 26 November 2024. Reported Earnings • Oct 07
Full year 2024 earnings released: EPS: S$0.016 (vs S$0.019 in FY 2023) Full year 2024 results: EPS: S$0.016 (down from S$0.019 in FY 2023). Revenue: S$25.1m (down 28% from FY 2023). Net income: S$2.81m (down 14% from FY 2023). Profit margin: 11% (up from 9.3% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Announcement • Oct 05
Avi-Tech Holdings Limited, Annual General Meeting, Oct 29, 2024 Avi-Tech Holdings Limited, Annual General Meeting, Oct 29, 2024, at 11:00 Singapore Standard Time. Location: 19a serangoon north avenue 5, 6th floor, singapore 554859, Singapore Announcement • Sep 16
Avi-Tech Holdings Limited Announces the Retirement of Michael Grenville Gray as Lead Independent Director, Chairman of the Audit and Risk Committee and Member of the Nominating and Remuneration Committees Avi-Tech Holdings Limited announced that Mr. Michael Grenville Gray has indicated that he will retire as lead independent director of the Company, Chairman of the Audit and Risk Committee and member of the Nominating and Remuneration Committees at the conclusion of the forthcoming annual general meeting of the Company. The Board has accepted his decision, and expresses its thanks to Mr. Gray for his services to the Company. Buy Or Sell Opportunity • Sep 03
Now 27% overvalued Over the last 90 days, the stock has fallen 1.9% to S$0.26. The fair value is estimated to be S$0.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.4%. Declared Dividend • Aug 29
Final dividend of S$0.0075 announced Shareholders will receive a dividend of S$0.0075. Ex-date: 7th November 2024 Payment date: 26th November 2024 Dividend yield will be 6.0%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (73% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 3.8% 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 18% to shift the payout ratio to a potentially unsustainable range, which is more than the 9.5% EPS decline seen over the last 5 years. Reported Earnings • Aug 28
Full year 2024 earnings released Full year 2024 results: Revenue: S$25.1m (down 28% from FY 2023). Net income: S$2.81m (down 14% from FY 2023). Profit margin: 11% (up from 9.3% in FY 2023). The increase in margin was driven by lower expenses. Announcement • Aug 27
Avi-Tech Holdings Limited to Report Fiscal Year 2024 Results on Aug 27, 2024 Avi-Tech Holdings Limited announced that they will report fiscal year 2024 results on Aug 27, 2024 New Risk • Aug 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 Earnings have declined by 7.9% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (S$45.3m market cap, or US$34.8m). Buy Or Sell Opportunity • Jul 01
Now 18% overvalued after recent price rise Over the last 90 days, the stock has risen 6.0% to S$0.27. The fair value is estimated to be S$0.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has declined by 3.4%. Buy Or Sell Opportunity • Jun 20
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to S$0.27. The fair value is estimated to be S$0.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has declined by 3.4%. Reported Earnings • Feb 10
First half 2024 earnings released: EPS: S$0.017 (vs S$0.012 in 1H 2023) First half 2024 results: EPS: S$0.017 (up from S$0.012 in 1H 2023). Revenue: S$16.6m (down 6.4% from 1H 2023). Net income: S$2.85m (up 40% from 1H 2023). Profit margin: 17% (up from 11% in 1H 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Recent Insider Transactions • Dec 06
Founder recently bought S$65k worth of stock On the 4th of December, Eng Hong Lim bought around 260k shares on-market at roughly S$0.25 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. Eng Hong has been a buyer over the last 12 months, purchasing a net total of S$287k worth in shares. Announcement • Nov 29
Avi-Tech Holdings Limited Approves the Final One-Tier Tax Exempt Dividend for the Fiscal Year 2023, Payable on 28 November 2023 Avi-Tech Holdings Limited at its AGM held on October 30, 2023, approved the final one-tier tax exempt dividend of 1.0 cent per ordinary share for the fiscal year 2023. The dividend is payable on 28 November 2023. Upcoming Dividend • Nov 02
Upcoming dividend of S$0.01 per share at 7.0% yield Eligible shareholders must have bought the stock before 09 November 2023. Payment date: 28 November 2023. Payout ratio is on the higher end at 92%, and the cash payout ratio is above 100%. Trailing yield: 7.0%. Within top quartile of Singaporean dividend payers (6.8%). Higher than average of industry peers (4.1%). Reported Earnings • Oct 07
Full year 2023 earnings released: EPS: S$0.019 (vs S$0.018 in FY 2022) Full year 2023 results: EPS: S$0.019 (up from S$0.018 in FY 2022). Revenue: S$34.9m (up 13% from FY 2022). Net income: S$3.26m (up 3.8% from FY 2022). Profit margin: 9.3% (in line with FY 2022). Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 16% per year. Announcement • Oct 07
Avi-Tech Holdings Limited, Annual General Meeting, Oct 30, 2023 Avi-Tech Holdings Limited, Annual General Meeting, Oct 30, 2023, at 11:00 Singapore Standard Time. Location: 19A Serangoon North Avenue 5, 6th floor Singapore Singapore Agenda: To receive and adopt the Directors' Statement and the Audited Financial Statements of the Company for the year ended 30 June 2023 together with the Auditors' Report thereon; to re-elect as Director Mr Lim Tai Meng Alvin who is retiring pursuant to Article 104(2) of the Company's Constitution and Rule 720(5) of the Listing Manual of the Singapore Exchange Securities Trading Limited; and to discuss other matters. Announcement • Sep 16
Avi-Tech Holdings Limited Announces Retirement of Goh Chung Meng as Non-Executive Independent Director, Chairman of the Nominating and Remuneration Committees Avi-Tech Holdings Limited announced that Mr. Goh Chung Meng has indicated that he will retire as non-executive independent director of the Company and Chairman of the Nominating and Remuneration Committees at the conclusion of the forthcoming annual general meeting of the Company. Announcement • Aug 23
Avi-Tech Holdings Limited Proposes Final Dividend for the Full-Year Ended 30 June 2023, Payable on 28 November 2023 Avi-Tech Holdings Limited proposed a final dividend of 1.0 cent per ordinary share. The total projected dividend payout of SGD 1.7 million for this dividend in respect of FY2023 approximately constitutes 52.5% of the Group's FY2023 profit, which is a proportion well within the net cash generated in the reporting period. Shareholders can anticipate thedistribution of the final dividend on 28 November 2023. the Transfer books and the Register of Members will be closed on 14 November 2023 for the preparation of the final dividend. Duly completed registrable transfers received by the Company's Share Registrar, Boardroom Corporate & Advisory Services Pte. Ltd., 1 Harbourfront Avenue, #14-07 Keppel Bay Tower, Singapore 098632, up to 5 p.m. on 10 November 2023 will be registered to determine shareholders' entitlement to the one-tier tax- exempt final dividend. Members whose Securities Accounts with The Central Depository (Pte) Limited are credited with shares at 5:00 p.m. on 10 November 2023 will be entitled to the final dividend. Reported Earnings • Aug 23
Full year 2023 earnings released Full year 2023 results: Revenue: S$34.9m (up 13% from FY 2022). Net income: S$3.26m (up 3.8% from FY 2022). Profit margin: 9.3% (in line with FY 2022). New Risk • Aug 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Cash payout ratio: 445% Earnings have declined by 10% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (10.0% average weekly change). Market cap is less than US$100m (S$47.9m market cap, or US$35.3m). Recent Insider Transactions • Jun 06
Founder recently bought S$56k worth of stock On the 1st of June, Eng Hong Lim bought around 223k shares on-market at roughly S$0.25 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. This was Eng Hong's only on-market trade for the last 12 months. Buying Opportunity • Feb 21
Now 22% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be S$0.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 25%. Revenue is forecast to grow by 19% in a year. Earnings is forecast to grow by 83% in the next year. Reported Earnings • Feb 15
First half 2023 earnings released First half 2023 results: Revenue: S$17.8m (up 15% from 1H 2022). Net income: S$2.03m (up 2.9% from 1H 2022). Profit margin: 11% (down from 13% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Semiconductor industry in Asia. Buying Opportunity • Jan 06
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 5.2%. The fair value is estimated to be S$0.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.0% over the last 3 years. Earnings per share has declined by 19%. Revenue is forecast to grow by 32% in 2 years. Earnings is forecast to grow by 91% in the next 2 years. Announcement • Nov 26
Avi-Tech Electronics Limited Approves Final One- Tier Tax Exempt Dividend for the Year 2022, Payable on 29 November 2022 Avi-Tech Electronics Limited announced that at its AGM held on October 27, 2022, approved the declaration of the final one- tier tax exempt dividend of 1.0 cent per ordinary share for 2022. The Chairman informed shareholders that the final one-tier tax exempt dividend will be paid on 29 November 2022. Upcoming Dividend • Nov 03
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 10 November 2022. Payment date: 29 November 2022. Payout ratio is on the higher end at 95%, and the cash payout ratio is above 100%. Trailing yield: 6.0%. Lower than top quartile of Singaporean dividend payers (6.7%). Higher than average of industry peers (4.5%). Reported Earnings • Oct 07
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: S$0.018 (down from S$0.02 in FY 2021). Revenue: S$30.8m (up 5.1% from FY 2021). Net income: S$3.14m (down 9.7% from FY 2021). Profit margin: 10% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 39%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Semiconductor industry in Asia. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Oct 06
Avi-Tech Holdings Limited, Annual General Meeting, Oct 27, 2022 Avi-Tech Holdings Limited, Annual General Meeting, Oct 27, 2022, at 11:00 Singapore Standard Time. Location: at 19A Serangoon North Avenue 5, 6th floor Singapore Singapore Agenda: To consider the adoption of Directors' Statement and Audited Financial Statements together with the Auditor's Report thereon; to consider the Approval of Mr Goh Chung Meng's continued appointment as an Independent Director by shareholders; to consider the Approval of Mr Goh Chung Meng's continued appointment as an Independent Director by shareholders; to consider the Approval of Mr Michael Grenville Gray's continued appointment as an Independent Director by shareholders; to consider the Approval of Mr Michael Grenville Gray's continued appointment as an Independent Director by shareholders; and to consider other matter also. Announcement • Sep 20
Avi-Tech Holdings Limited Announces Resignation of Mr. Khor Thiam Beng as Non-Executive Chairman and Independent Director Avi-Tech Holdings Limited announced that Mr. Khor Thiam Beng has indicated that he will retire as Non-Executive Chairman and Independent Director of the Company after the forthcoming annual general meeting. The Board has accepted his decision. Reported Earnings • Aug 24
Full year 2022 earnings: Revenues miss analyst expectations Full year 2022 results: Revenue: S$30.8m (up 5.1% from FY 2021). Net income: S$3.14m (down 9.7% from FY 2021). Profit margin: 10% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 23%, compared to a 32% growth forecast for the Semiconductor industry in Singapore. 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. 1 experienced director. 4 highly experienced directors. COO & Executive Director Alvin Lim was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 11
Avi-Tech Holdings Limited Declares an Interim Dividend for the Period Ended December 31, 2021, Payable on 17 May 2022 In view of the Group's positive performance, strong balance sheet and net cash position, the Board of Avi-Tech Holdings Limited has declared an interim dividend of 0.75 cents per ordinary share for the period ended December 31, 2021 representing 65% of payout, which will be paid on 17 May 2022. Notice is hereby given that the Transfer books and the Register of Members will be closed on 6 May 2022 for the preparation of the interim dividend. Duly completed registrable transfers received by the Company's Share Registrar, Boardroom Corporate & Advisory Services Pte. Ltd., 1 Harbourfront Avenue, #14-07 Keppel Bay Tower, Singapore 098632, up to 5:00 p.m. on 5 May 2022 will be registered to determine shareholders' entitlement to the one-tier tax-exempt interim dividend. Board Change • Dec 30
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. 1 experienced director. 4 highly experienced directors. COO & Executive Director Alvin Lim was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 
