New Risk • Sep 16
New major risk - Revenue size The company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue 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 Earnings have declined by 7.6% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (S$6.67m market cap, or US$5.22m). Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). Announcement • Sep 13
Jubilee Industries Holdings Ltd., Annual General Meeting, Sep 29, 2025 Jubilee Industries Holdings Ltd., Annual General Meeting, Sep 29, 2025, at 10:00 Singapore Standard Time. Location: 10 ubi crescent, 02-07, ubi techpark lobby a, singapore 408564, Singapore New Risk • Jun 02
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$4.7m 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$4.7m free cash flow). Shares are highly illiquid. Earnings have declined by 2.9% per year over the past 5 years. Market cap is less than US$10m (S$7.63m market cap, or US$5.91m). Minor Risk Revenue is less than US$5m (S$1.6m revenue, or US$1.2m). New Risk • Jan 31
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 12% 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 Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 2.5% per year over the past 5 years. Market cap is less than US$10m (S$7.31m market cap, or US$5.39m). Minor Risk Revenue is less than US$5m (S$3.6m revenue, or US$2.6m). Board Change • Nov 13
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. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Linus Ng was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 17
Jubilee Industries Holdings Ltd., Annual General Meeting, Jul 31, 2024 Jubilee Industries Holdings Ltd., Annual General Meeting, Jul 31, 2024, at 10:00 Singapore Standard Time. Location: 10 ubi crescent, 02-07, ubi techpark lobby a, singapore 408564, Singapore New Risk • Jun 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$13.1m (US$9.71m) 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 Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 19% per year over the past 5 years. Market cap is less than US$10m (S$13.1m market cap, or US$9.71m). Minor Risk Revenue is less than US$5m (S$3.3m revenue, or US$2.5m). Reported Earnings • Jun 05
Full year 2024 earnings released: EPS: S$0.006 (vs S$0.008 loss in FY 2023) Full year 2024 results: EPS: S$0.006 (up from S$0.008 loss in FY 2023). Revenue: S$3.33m (down 85% from FY 2023). Net loss: S$2.36m (loss narrowed 4.8% from FY 2023). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Jun 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 (17% average weekly change). High level of non-cash earnings (33% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Market cap is less than US$100m (S$16.6m market cap, or US$12.3m). Announcement • Apr 30
Jubilee Industries Holdings Ltd. Announces Change of Company Secretary The Board of Directors of Jubilee Industries Holdings Ltd. announced the appointment of Ms. Vanessa Poon as secretary of the Company, in place of Ms. Siau Kuei Lian, with effect on and from 30 April 2024. New Risk • Apr 02
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 16% 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 Share price has been highly volatile over the past 3 months (16% average weekly change). High level of non-cash earnings (33% accrual ratio). Minor Risk Market cap is less than US$100m (S$15.3m market cap, or US$11.3m). New Risk • Apr 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$11.9m (US$8.81m) 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 High level of non-cash earnings (33% accrual ratio). Market cap is less than US$10m (S$11.9m market cap, or US$8.81m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Board Change • Feb 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Non-Executive Director Linus Ng was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 09
Jubilee Industries Holdings Ltd. Announces Resignation of Levin Lee Keng Weng as Independent Director, A Member of the Audit Committee, Nominating Committee and Remuneration Committee Jubilee Industries Holdings Ltd. announced resignation of Levin Lee Keng Weng as Independent Director, a member of the Audit Committee, Nominating Committee and Remuneration Committee. Mr. Levin Lee Keng Weng ("Mr. Lee") had tender his resignation as an Independent Director of the Company due to his health reasons. Reported Earnings • Nov 16
First half 2024 earnings released: EPS: S$0.017 (vs S$0.01 loss in 1H 2023) First half 2024 results: EPS: S$0.017 (up from S$0.01 loss in 1H 2023). Revenue: S$1.68m (down 96% from 1H 2023). Net income: S$793.0k (up S$3.61m from 1H 2023). Profit margin: 47% (up from net loss in 1H 2023). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per year. New Risk • Nov 15
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$13.5m (US$9.99m) 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 Earnings have declined by 56% per year over the past 5 years. Market cap is less than US$10m (S$13.5m market cap, or US$9.99m). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). New Risk • Sep 28
New major risk - Revenue and earnings growth Earnings have declined by 56% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 56% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (S$17.8m market cap, or US$13.0m). New Risk • Aug 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 101% 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: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (S$19.1m market cap, or US$14.3m). Reported Earnings • Aug 01
Full year 2023 earnings released: S$0.01 loss per share (vs S$0.016 loss in FY 2022) Full year 2023 results: S$0.01 loss per share (improved from S$0.016 loss in FY 2022). Revenue: S$21.1m (down 91% from FY 2022). Net income: S$320.0k (up S$5.12m from FY 2022). Profit margin: 1.5% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. New Risk • Jun 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Risk Earnings have declined by 44% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (S$16.6m market cap, or US$12.4m). Announcement • Jun 06
Jubilee Industries Holdings Ltd., Annual General Meeting, Sep 29, 2023 Jubilee Industries Holdings Ltd., Annual General Meeting, Sep 29, 2023. Announcement • Jan 20
Jubilee Industries Holdings Ltd. Announces Change in the Composition of the Board Committees The Board of Directors of Jubilee Industries Holdings Ltd. announced that following to the retirement of Mr. Kang Pang Kiang as the Non-Executive and Non-Independent Director, a member of the Audit Committee and Remuneration Committee at the Company's Annual General Meeting held on 28 October 2022, Mr. Levin Lee Keng Weng has been appointed as the member of the Audit Committee and Remuneration Committee with effect from 19 January 2023. Accordingly, the composition of the Board Committees of the company shall be reconstituted as- Audit Committee: Mr. Cheong Keng Chuan, Alfred (Chairman); Mr. Ng Siew Hoong (Member); and Mr. Levin Lee Keng Weng (Member). Remuneration Committee: Mr. Cheong Keng Chuan, Alfred (Chairman); Mr. Ng Siew Hoong (Member); and Mr. Levin Lee Keng Weng (Member). The composition of the Nominating Committee of the Company remainsunchanged. Reported Earnings • Dec 15
First half 2023 earnings released: S$0.01 loss per share (vs S$0.003 profit in 1H 2022) First half 2023 results: S$0.01 loss per share (down from S$0.003 profit in 1H 2022). Revenue: S$43.8m (down 62% from 1H 2022). Net loss: S$2.82m (down 432% from profit in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • Nov 10
Jubilee Industries Holdings Ltd. Announces Resignation of Sng Ee Lian Eliane as Group Financial Controller and Joint Company Secretary Jubilee Industries Holdings Ltd. announced resignation of Sng Ee Lian Eliane as Group Financial Controller and Joint Company Secretary. Other DirectorShips Past Honfoong Plastic Industries Pte. Ltd. Other DirectorShips Present Kwantas Electric Pte. Ltd. Reason For Cessation Personal reason to pursue other career opportunity. Announcement • Oct 20
Jubilee Industries Holdings Ltd. Announces Retirement of Kang Pang Kiang as Non-Executive and Non-Independent Director, A Member of the Audit and Remuneration Committee Jubilee Industries Holdings Ltd. announced retirement of Kang Pang Kiang as Non-Independent and Non-Executive Director, a member of the Audit and Remuneration Committee . Mr. Kang will be retiring as a Non-Independent and Non-Executive Director of the Company pursuant to Regulation 89 of the Company's Constitution. Accordingly, he shall retire at the conclusion of the Company's upcoming Annual General Meeting to be held on 28 October 2022 and is not seeking for re-election. The Company would like to express its gratitude and appreciation towards Mr. Kang's valuable contributions to the Board during his tenure. The Company's Sponsor, Evolve Capital Advisory Private Limited, having interviewed Mr. Kang, is satisfied that, save as disclosed in the announcement, there are no material reasons for the retirement of Mr. Kang as a Non-Independent and Non-Executive Director of the Company. Reported Earnings • Oct 14
Full year 2022 earnings released: S$0.016 loss per share (vs S$0.007 loss in FY 2021) Full year 2022 results: S$0.016 loss per share (further deteriorated from S$0.007 loss in FY 2021). Revenue: S$231.1m (up 59% from FY 2021). Net loss: S$4.80m (loss widened 165% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings. Announcement • Oct 13
Jubilee Industries Holdings Ltd., Annual General Meeting, Oct 28, 2022 Jubilee Industries Holdings Ltd., Annual General Meeting, Oct 28, 2022, at 10:00 China Standard Time. Agenda: To consider Adoption of the Directors' Statement and the Audited Financial Statements for the financial year ended 31 March 2022, together with the Independent Auditors' Report thereon; to consider directorate reelections; to consider Approval of Directors' fees of up to SGD 180,000 for the financial year ending 31 March 2023, to be paid half-yearly in arrears; and to consider other matters. Announcement • Aug 20
Jubilee Industries Holdings Ltd., Annual General Meeting, Sep 29, 2022 Jubilee Industries Holdings Ltd., Annual General Meeting, Sep 29, 2022. Reported Earnings • Jun 02
Full year 2022 earnings released: S$0.013 loss per share (vs S$0.007 loss in FY 2021) Full year 2022 results: S$0.013 loss per share (down from S$0.007 loss in FY 2021). Revenue: S$231.0m (up 59% from FY 2021). Net loss: S$3.67m (loss widened 103% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Announcement • Nov 29
Hangzhou Yu Ye Technology signed memorandum of understanding to acquire WE Components Pte. Ltd. from Jubilee Industries Holdings Ltd. (Catalist:NHD) for $11 million. Hangzhou Yu Ye Technology signed memorandum of understanding to acquire WE Components Pte. Ltd. from Jubilee Industries Holdings Ltd. (Catalist:NHD) for $11 million on November 27, 2021. Reported Earnings • Nov 17
First half 2022 earnings released: EPS S$0.003 (vs S$0.001 in 1H 2021) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2022 results: Revenue: S$115.3m (up 100% from 1H 2021). Net income: S$849.0k (up 314% from 1H 2021). Profit margin: 0.7% (up from 0.4% in 1H 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 18
Full year 2021 earnings released: S$0.007 loss per share (vs S$0.016 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: S$145.0m (up 8.3% from FY 2020). Net loss: S$1.81m (loss narrowed 55% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 05
Full year 2021 earnings released: S$0.007 loss per share (vs S$0.016 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: S$144.9m (up 8.3% from FY 2020). Net loss: S$1.78m (loss narrowed 56% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Announcement • Feb 19
Jubilee Industries Holdings Ltd. Announces Change of Joint Company Secretary The Board of Directors of Jubilee Industries Holdings Ltd. announced that Ms. Siau Kuei Lian has been appointed as Joint Company Secretary in place of Mr. Chew Kok Liang with effect from 18 February 2021. Following the above changes, M.s Siau Kuei Lian, Ms. Teo Chia Hui and Ms. Sng Ee Lian Eliane shall be the Joint Company Secretaries of the Company. Executive Departure • Feb 19
Joint Company Secretary has left the company On the 18th of February, Kok Liang Chew's tenure as Joint Company Secretary ended after 3.2 years in the role. We don't have any record of a personal shareholding under Kok Liang's name. Kok Liang is the only executive to leave the company over the last 12 months. Announcement • Nov 11
Jubilee Industries Holdings Ltd., Annual General Meeting, Nov 26, 2020 Jubilee Industries Holdings Ltd., Annual General Meeting, Nov 26, 2020, at 10:00 Singapore Standard Time. Agenda: To approve audited financial statements for the year ended March 31, 2020; to approve directors fee; to re-elect directors; to re-appoint auditors and authorise directors to fix auditors remuneration; to authorise directors to approve issues of shares under grant awards; to authorise directors to renewal of share buyback mandate; and to authorise directors to issue and allot shares of the company. Announcement • Oct 15
EG Industries Berhad (KLSE:EG) cancelled the acquisition of a 17.5% stake in Jubilee Industries Holdings Ltd. (Catalist:NHD) from Accrelist Ltd. (Catalist:QZG). EG Industries Berhad (KLSE:EG) made an offer to acquire a 17.5% stake in Jubilee Industries Holdings Ltd. (Catalist:NHD) from Accrelist Ltd. (Catalist:QZG) for SGD 7 million on December 24, 2019. Under the terms of the transaction, EG Industries will acquire 44.4 million shares of Jubilee and the consideration will be paid in cash. The transaction is subject to the approval of the shareholders of Accrelist and EG Industries as well as the allotment and issuance of Conversion Shares (as defined in ACCRELIST's announcement dated November 22, 2016) pursuant to the convertible loan extended by Singapore Rixin Zhonghe Investment Pte. Ltd. to ACCRELIST dated November 22, 2016.
EG Industries Berhad (KLSE:EG) cancelled the acquisition of a 17.5% stake in Jubilee Industries Holdings Ltd. (Catalist:NHD) from Accrelist Ltd. (Catalist:QZG) on October 14, 2020. The cancellation of the transaction will allow both companies to concentrate on their respective existing operations amidst the pandemic. Announcement • Sep 30
Terence Tea Yeok Kian entered into a conditional agreement to acquire 14.7% stake in EG Industries Berhad (KLSE:EG) from Jubilee Industries Holdings Ltd. (Catalist:NHD) for SGD 5.4 million. Terence Tea Yeok Kian entered into a conditional agreement to acquire 13.8% stake in EG Industries Berhad (KLSE:EG) from Jubilee Industries Holdings Ltd. (Catalist:NHD) for SGD 5.4 million on December 24, 2019. The transaction is subject to the approval by the shareholders of Jubilee Industries Holdings Ltd. Jubilee Industries Holdings Ltd will appoint an independent financial advisor to advise the directors. The net sale proceeds from the Proposed Disposal, after deducting all costs and expenses, is estimated to be approximately SGD 5.3 million, part of which will be utilized for general working capital of the Group and/or funding any strategic investments or acquisitions, which are more likely to enhance shareholder value, when suitable opportunities arise.