New Risk • May 16
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$176k 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 Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Significant insider selling over the past 3 months (S$176k sold). Market cap is less than US$100m (S$29.5m market cap, or US$23.0m). Reported Earnings • Apr 09
Full year 2025 earnings released: EPS: S$0.002 (vs S$0.002 loss in FY 2024) Full year 2025 results: EPS: S$0.002 (up from S$0.002 loss in FY 2024). Revenue: S$29.1m (up 15% from FY 2024). Net income: S$1.42m (up S$2.52m from FY 2024). Profit margin: 4.9% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Apr 07
Jadason Enterprises Ltd, Annual General Meeting, Apr 23, 2026 Jadason Enterprises Ltd, Annual General Meeting, Apr 23, 2026, at 15:00 Singapore Standard Time. Location: siglap room, level 3 grand mercure singapore roxy, 50 east coast road, roxy square, singapore 428769, Singapore New Risk • Mar 24
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 Share price has been highly volatile over the past 3 months (13% average weekly change). Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (S$14.7m market cap, or US$11.6m). Reported Earnings • Mar 04
Full year 2025 earnings released: EPS: S$0.002 (vs S$0.002 loss in FY 2024) Full year 2025 results: EPS: S$0.002 (up from S$0.002 loss in FY 2024). Revenue: S$29.1m (up 15% from FY 2024). Net income: S$1.42m (up S$2.52m from FY 2024). Profit margin: 4.9% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (S$16.8m market cap, or US$13.3m). New Risk • Jan 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 46% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (S$15.8m market cap, or US$12.3m). Reported Earnings • Aug 16
First half 2025 earnings released: EPS: S$0.001 (vs S$0.001 loss in 1H 2024) First half 2025 results: EPS: S$0.001 (up from S$0.001 loss in 1H 2024). Revenue: S$16.6m (up 33% from 1H 2024). Net income: S$897.0k (up S$1.47m from 1H 2024). Profit margin: 5.4% (up from net loss in 1H 2024). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Aug 15
Jadason Enterprises Ltd to Report First Half, 2025 Results on Aug 13, 2025 Jadason Enterprises Ltd announced that they will report first half, 2025 results on Aug 13, 2025 Reported Earnings • Apr 12
Full year 2024 earnings released: S$0.001 loss per share (vs S$0.011 loss in FY 2023) Full year 2024 results: S$0.001 loss per share (improved from S$0.011 loss in FY 2023). Revenue: S$25.3m (up 15% from FY 2023). Net loss: S$1.10m (loss narrowed 86% from FY 2023). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Announcement • Apr 09
Jadason Enterprises Ltd, Annual General Meeting, Apr 25, 2025 Jadason Enterprises Ltd, Annual General Meeting, Apr 25, 2025, at 15:00 Singapore Standard Time. Location: room 332, level 3, suntec singapore international convention, & exhibition centre, 1 raffl es boulevard, suntec city, singapore 039593, Singapore New Risk • Feb 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Market cap is less than US$10m (S$10.1m market cap, or US$7.57m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Reported Earnings • Aug 13
First half 2024 earnings released: S$0.001 loss per share (vs S$0.003 loss in 1H 2023) First half 2024 results: S$0.001 loss per share (improved from S$0.003 loss in 1H 2023). Revenue: S$12.5m (up 24% from 1H 2023). Net loss: S$572.0k (loss narrowed 77% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Announcement • Apr 11
Jadason Enterprises Ltd, Annual General Meeting, Apr 26, 2024 Jadason Enterprises Ltd, Annual General Meeting, Apr 26, 2024, at 14:00 Singapore Standard Time. Location: Room 332, Level 3, Suntec Singapore International Convention & Exhibition Centre, 1 Raffles Boulevard, Suntec city 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; to re-elect Ms Linna Hui Min as Director; to re-elect Mr Chua Keng Hiang as Director; to re-elect Mr Tan Seng Chun as Director; to re-appoint Messrs BDO LLP as the Auditors of the Company and authorisation for Directors to fix their remuneration; and to consider other matters. Announcement • Mar 01
Jadason Enterprises Ltd Announces the Appointment of Tan Seng Chun as Independent Non-Executive Director Member of Audit Committee Member of Nominating Committee Member of Remuneration Committee Jadason Enterprises Ltd. announced the appointment of Tan Seng Chun as Independent Non-Executive Director Member of Audit Committee Member of Nominating Committee Member of Remuneration Committee, effective from March 1, 2024. Reported Earnings • Mar 01
Full year 2023 earnings released: S$0.011 loss per share (vs S$0.01 loss in FY 2022) Full year 2023 results: S$0.011 loss per share (further deteriorated from S$0.01 loss in FY 2022). Revenue: S$21.9m (down 32% from FY 2022). Net loss: S$7.97m (loss widened 15% from FY 2022). 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 49% per year, which means it is performing significantly worse than earnings. Board Change • Feb 23
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Cheong Kwee Teng was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 15
Jadason Enterprises Ltd. Announces Executive Changes The board of Directors of Jadason Enterprises Ltd. announced that Ms. Eve Khor Ley Cheng will be appointed as Company Secretary of the Company, in place of Mr. Tan Kok Yong who has resigned as the Company Secretary, with effect from 15 January 2024. Announcement • Oct 28
Jadason Enterprises Ltd. Announces Cessation of Tan Kok Yong as Chief Financial Officer Jadason Enterprises Ltd. announced that Mr. Tan Kok Yong has resigned as CFO to pursue personal interests, and is currently serving his notice period. Board Change • Sep 29
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Cheong Kwee Teng was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 19
First half 2023 earnings released: S$0.003 loss per share (vs S$0.007 loss in 1H 2022) First half 2023 results: S$0.003 loss per share (improved from S$0.007 loss in 1H 2022). Revenue: S$10.1m (down 38% from 1H 2022). Net loss: S$2.52m (loss narrowed 50% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Board Change • Jul 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Cheong Kwee Teng was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 11
Full year 2022 earnings released: S$0.01 loss per share (vs S$0.015 loss in FY 2021) Full year 2022 results: S$0.01 loss per share (improved from S$0.015 loss in FY 2021). Revenue: S$32.2m (down 25% from FY 2021). Net loss: S$6.95m (loss narrowed 35% from FY 2021). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 03
Full year 2022 earnings released: S$0.01 loss per share (vs S$0.015 loss in FY 2021) Full year 2022 results: S$0.01 loss per share (improved from S$0.015 loss in FY 2021). Revenue: S$32.2m (down 25% from FY 2021). Net loss: S$6.95m (loss narrowed 35% from FY 2021). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Cheong Kwee Teng was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 18
First half 2022 earnings released: S$0.007 loss per share (vs S$0.007 loss in 1H 2021) First half 2022 results: S$0.007 loss per share (vs S$0.007 loss in 1H 2021). Revenue: S$16.1m (up 17% from 1H 2021). Net loss: S$4.98m (loss narrowed 2.4% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Board Change • Aug 04
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Cheong Kwee Teng was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Cheong Kwee Teng was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 04
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Cheong Kwee Teng was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 23
Jadason Enterprises Ltd Announces Retirement of Teo Kiang Kok as Non-Independent and Non-Executive Director Jadason Enterprises Ltd. announced Retirement of Mr. Teo Kiang Kok as Non-Independent and Non-Executive Director. Job Title: Non-Independent and Non-Executive Director Member of Remuneration Committee Member of Audit Committee. Mr. Teo Kiang Kok will be retiring pursuant to Regulation 89 of the Constitution of the Company at the Company's forthcoming Annual General Meeting to be held on 28 April 2022. Reported Earnings • Apr 15
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: S$0.015 loss per share (down from S$0.006 loss in FY 2020). Revenue: S$42.8m (up 4.1% from FY 2020). Net loss: S$10.6m (loss widened 161% from FY 2020). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 90%. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 17% per year. Announcement • Apr 13
Jadason Enterprises Ltd, Annual General Meeting, Apr 28, 2022 Jadason Enterprises Ltd, Annual General Meeting, Apr 28, 2022, at 15:00 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 re-elect Ms. Linna Hui Min as Director of the Company retiring pursuant to Regulation 89 of the Constitution of the Company; to re-elect Mr. Teng Cheong Kwee as Director of the Company retiring pursuant to Regulation 88 of the Constitution of the Company; to re-appoint Messrs BDO LLP as the Auditors of the Company and to authorize the Directors of the Company to fix their remuneration; and to transact any other ordinary business. Reported Earnings • Mar 02
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: S$0.015 loss per share (down from S$0.006 loss in FY 2020). Revenue: S$42.8m (up 4.1% from FY 2020). Net loss: S$10.6m (loss widened 161% from FY 2020). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 90%. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Apr 19
Full year 2020 earnings released: S$0.006 loss per share (vs S$0.021 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: S$41.1m (down 7.2% from FY 2019). Net loss: S$4.08m (loss narrowed 73% from FY 2019). 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 • Feb 28
Full year 2020 earnings released The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: S$41.1m (down 7.2% from FY 2019). Net loss: S$4.08m (loss narrowed 73% from FY 2019).