Recent Insider Transactions • Jul 10
Executive Chairman recently bought S$85k worth of stock On the 3rd of July, Fu-Chuan Chu bought around 506k shares on-market at roughly S$0.17 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Fu-Chuan has been a buyer over the last 12 months, purchasing a net total of S$485k worth in shares. Recent Insider Transactions • Jun 28
Executive Chairman recently bought S$53k worth of stock On the 23rd of June, Fu-Chuan Chu bought around 320k shares on-market at roughly S$0.17 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Fu-Chuan has been a buyer over the last 12 months, purchasing a net total of S$275k worth in shares. Reported Earnings • Apr 17
Full year 2025 earnings released: S$0.008 loss per share (vs S$0.008 loss in FY 2024) Full year 2025 results: S$0.008 loss per share (in line with FY 2024). Revenue: S$100.2m (up 2.0% from FY 2024). Net loss: S$2.99m (loss widened 6.7% from FY 2024). 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 24% per year, which means it is well ahead of earnings. Announcement • Apr 13
Nera Telecommunications Ltd, Annual General Meeting, Apr 28, 2026 Nera Telecommunications Ltd, Annual General Meeting, Apr 28, 2026, at 15:00 Singapore Standard Time. Location: 19 tai seng avenue, 06-01, singapore 534054, Singapore Reported Earnings • Mar 03
Full year 2025 earnings released: S$0.008 loss per share (vs S$0.008 loss in FY 2024) Full year 2025 results: S$0.008 loss per share (in line with FY 2024). Revenue: S$100.2m (up 2.0% from FY 2024). Net loss: S$2.99m (loss widened 6.7% from FY 2024). 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 24% per year, which means it is well ahead of earnings. New Risk • Mar 02
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: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (S$63.7m market cap, or US$50.2m). Announcement • Feb 14
Nera Telecommunications Ltd Provides Earnings Guidance for the Full Year Ended 31 December 2025 Nera Telecommunications Ltd. provided earnings guidance for the full year ended 31 December 2025. For the period, the Group is expected to report a net loss for the full year ended 31 December 2025 ("FY2025") after a preliminary assessment of its unaudited financial results for FY2025. Reported Earnings • Aug 19
First half 2025 earnings released: S$0.005 loss per share (vs S$0.004 profit in 1H 2024) First half 2025 results: S$0.005 loss per share (down from S$0.004 profit in 1H 2024). Revenue: S$44.7m (down 5.5% from 1H 2024). Net loss: S$1.84m (down 236% from profit in 1H 2024). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Jul 01
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. Lead Independent Non-Executive Director Basil Chan is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 16
Full year 2024 earnings released: S$0.008 loss per share (vs S$0.016 profit in FY 2023) Full year 2024 results: S$0.008 loss per share (down from S$0.016 profit in FY 2023). Revenue: S$98.2m (down 31% from FY 2023). Net loss: S$2.81m (down 150% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Apr 14
Nera Telecommunications Ltd, Annual General Meeting, Apr 29, 2025 Nera Telecommunications Ltd, Annual General Meeting, Apr 29, 2025, at 15:00 Singapore Standard Time. Location: temasek club, brani room, 131 rifle range road, singapore 588406, Singapore Reported Earnings • Mar 02
Full year 2024 earnings released: S$0.008 loss per share (vs S$0.016 profit in FY 2023) Full year 2024 results: S$0.008 loss per share (down from S$0.016 profit in FY 2023). Revenue: S$98.2m (down 31% from FY 2023). Net loss: S$2.81m (down 150% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. New Risk • Feb 22
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 Risk Earnings have declined by 21% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Paying a dividend despite being loss-making. Market cap is less than US$100m (S$31.5m market cap, or US$23.6m). New Risk • Jan 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 7.4% 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 Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (S$33.3m market cap, or US$24.3m). Announcement • Oct 24
Ennoconn Solutions Singapore Pte. Ltd. completed the acquisition of 53.38% stake in Nera Telecommunications Ltd (SGX:N01) from Asia Systems Ltd. Ennoconn Solutions Singapore Pte. Ltd. entered into a share purchase agreement to acquire 53.38% stake in Nera Telecommunications Ltd (SGX:N01) from Asia Systems Ltd. for SGD 14.5 million on September 4, 2024. A cash consideration valued at SGD 0.075 per share will be paid by Ennoconn Solutions Singapore for 193,173,439 shares. The expected completion of the transaction is before the end of October. DBS Bank Ltd. acted as financial advisor for Ennoconn Solutions Singapore Pte. Ltd. SAC Capital Private Limited acted as financial advisor to Nera Telecommunications Ltd. As of October 9, 2024, the deal is expected to be completed on October 23, 2024.
Ennoconn Solutions Singapore Pte. Ltd. completed the acquisition of 53.38% stake in Nera Telecommunications Ltd (SGX:N01) from Asia Systems Ltd. on October 23, 2024. Announcement • Sep 05
Ennoconn Solutions Singapore Pte. Ltd. entered into a share purchase agreement to acquire 53.38% stake in Nera Telecommunications Ltd (SGX:N01) from Asia Systems Ltd. for SGD 14.5 million. Ennoconn Solutions Singapore Pte. Ltd. entered into a share purchase agreement to acquire 53.38% stake in Nera Telecommunications Ltd (SGX:N01) from Asia Systems Ltd. for SGD 14.5 million on September 4, 2024. A cash consideration valued at SGD 0.075 per share will be paid by Ennoconn Solutions Singapore for 193,173,439 shares. The expected completion of the transaction is before the end of October. DBS Bank Ltd. acted as financial advisor for Ennoconn Solutions Singapore Pte. Ltd. Announcement • Apr 27
Nera Telecommunications Ltd Approves First and Final Dividend Financial Year Ended 31 December 2023 Nera Telecommunications Ltd. at the Annual General Meeting of the Company held on 26 April 2024 approved first and final dividend of 0.5 cent per ordinary share for the financial year ended 31 December 2023. Reported Earnings • Apr 15
Full year 2023 earnings released: EPS: S$0.016 (vs S$0.02 loss in FY 2022) Full year 2023 results: EPS: S$0.016 (up from S$0.02 loss in FY 2022). Revenue: S$141.7m (up 6.9% from FY 2022). Net income: S$5.67m (up S$13.0m from FY 2022). Profit margin: 4.0% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Apr 12
Nera Telecommunications Ltd, Annual General Meeting, Apr 26, 2024 Nera Telecommunications Ltd, Annual General Meeting, Apr 26, 2024, at 10:00 China Standard Time. Agenda: To receive and adopt the Audited Financial Statements of the Company for the financial year ended 31 December 2023 together with the Directors' Statement and the Independent Auditor's Report thereon; to declare a first and final dividend of 0.5 cent per ordinary share for the financial year ended 31 December 2023; to consider directorate reelections; to re-appoint Ernst & Young LLP as Auditors of the Company and to authorize the Directors to fix their remuneration; and to consider other matters. New Risk • Mar 10
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 278% 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: Major Risk Earnings have declined by 40% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (S$29.7m market cap, or US$22.3m). Reported Earnings • Mar 02
Full year 2023 earnings released: EPS: S$0.015 (vs S$0.02 loss in FY 2022) Full year 2023 results: EPS: S$0.015 (up from S$0.02 loss in FY 2022). Revenue: S$141.7m (up 6.9% from FY 2022). Net income: S$5.52m (up S$12.8m from FY 2022). Profit margin: 3.9% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. New Risk • Feb 20
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 62% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (S$29.0m market cap, or US$21.5m). Board Change • Aug 10
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 Director Kay Pang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 07
First half 2023 earnings released: EPS: S$0.02 (vs S$0.002 in 1H 2022) First half 2023 results: EPS: S$0.02 (up from S$0.002 in 1H 2022). Revenue: S$80.4m (up 31% from 1H 2022). Net income: S$7.07m (up S$6.28m from 1H 2022). Profit margin: 8.8% (up from 1.3% in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Announcement • Jul 29
Nera Telecommunications Ltd. Announces Change of Company Secretary The Board of Directors of Nera Telecommunications Ltd. announced that Ms. Gn Jong Yuh Gwendolyn has been appointed as the Company Secretary of the Company in place of Ms. Chan Wan Mei and Ms. Chan Lai Yin, the Joint Company Secretaries, who have resigned with effect from 28 July 2023. Reported Earnings • Apr 14
Full year 2022 earnings released: S$0.02 loss per share (vs S$0.044 loss in FY 2021) Full year 2022 results: S$0.02 loss per share (improved from S$0.044 loss in FY 2021). Revenue: S$132.5m (up 29% from FY 2021). Net loss: S$7.29m (loss narrowed 54% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 02
Full year 2022 earnings released: S$0.02 loss per share (vs S$0.044 loss in FY 2021) Full year 2022 results: S$0.02 loss per share (improved from S$0.044 loss in FY 2021). Revenue: S$132.5m (up 29% from FY 2021). Net loss: S$7.29m (loss narrowed 54% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Announcement • Feb 09
Nera Telecommunications Ltd Provides Group Earnings Guidance for the Full Year Ended 31 December 2022 The Board of Directors of Nera Telecommunications Ltd. announced that the Group is expected to report a net loss for the full year ended 31 December 2022 after a preliminary assessment of its unaudited financial results for Fiscal Year 2022. While the Group continued to record higher revenue and order intake in Fourth Quarter 2022 after the announcement of its business update on 28 November 2022, it is expected to report a net loss for Fiscal Year 2022 principally arising from unrealised forex losses due to the weakening of Indonesia Rupiah, Pakistan Rupee and Philippine Peso currencies against the Group's reporting currency, Singapore Dollar. In addition, the Group made further tax provisions for a foreign subsidiary in Fiscal Year 2022. Board Change • Jan 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. Non-Executive Director Tommy Teo is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Dec 16
Nera Telecommunications Ltd Announces Executive Changes Nera Telecommunications Ltd. announced the resignation of Ms. Wong Su-Yen as an Independent Director of the Company with effect from 23 December 2022, after 9 years of serving the Board. Following Ms. Wong's resignation, she will contemporaneously relinquish her position as the Chairman of the Board, Chairman of NC and a member of the RC with effect from 23 December 2022. The appointment of Dr. Lim Puay Koon as Chairman of the Board with effect from 23 December 2022. The appointment of Ms. Kay Pang Ker-Wei ("Ms Pang") as an Independent Director of the Company with effect from 23 December 2022. Upon appointment, Ms. Pang will be appointed as the Chairman of the Nominating Committee ("NC") and a member of the Remuneration Committee ("RC") with effect from 23 December 2022. Following the aforesaid changes, the new composition of the Board, the NC and the RC shall be as follows: Board of Directors Dr. Lim Puay Koon - (Chairman, Independent Director), Mr. Chong Hoi Ming - (Executive Director and Chief Executive Officer), Mr. Basil Chan - (Independent Director), Ms. Kay Pang Ker-Wei - (Independent Director), Mr. Tommy Teo Zhi Zhuang - (Non-Executive Director), Mr. Wong Chee-Yann - (Non-Executive Director). Nominating Committee: Ms. Kay Pang Ker-Wei - (Chairman), Mr. Basil Chan, Mr. Wong Chee-Yann. Remuneration Committee: Dr. Lim Puay Koon - (Chairman), Mr. Wong Chee-Yann, Ms. Kay Pang Ker-Wei. There is no change to the composition of the Audit and Risk Management Committee, whichremain as follow: Audit and Risk Management Committee: Mr. Basil Chan (Chairman); Mr. Tommy Teo Zhi Zhuang; and Dr. Lim Puay Koon. Announcement • Dec 15
Nera Telecommunications Ltd Announces Appointment of Kay Pang Ker-Wei as Non-Executive and Independent Director, Chairman of Nominating Committee and Member of Remuneration Committee Nera Telecommunications Ltd. announced appointment of Kay Pang Ker-Wei as non-executive and independent Director, Chairman of Nominating Committee and Member of Remuneration Committee. Other Directorships present: VMware Inc. - Senior Director and Associate General Counsel, Ms Pang has no prior experience in being a director of a company listed on the Exchange. She will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange. Professional qualifications: Ms Pang holds a Bachelor of Laws (LLB) (Hons) from the University of Sheffield, UK. She is admitted as a Barrister-at-Law at The Honourable Society of Lincoln's Inn, England & Wales, and as an Advocate and Solicitor of the Supreme Court of Singapore. She furthered her studies at Cardiff University (England & Wales Bar Vocational Course) and National University of Singapore (Diploma in Singapore Law). Reported Earnings • Aug 14
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up S$2.17m from 1H 2021). Profit margin: (up from net loss in 1H 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Announcement • Jun 07
Nera Telecommunications Ltd. Announces Cessation of Tan Cham Khain Orlando as Chief Commercial Officer Nera Telecommunications Ltd. announced cessation of Tan Cham Khain Orlando as Chief Commercial Officer. Reported Earnings • Apr 16
Full year 2021 earnings released: S$0.044 loss per share (vs S$0.008 profit in FY 2020) Full year 2021 results: S$0.044 loss per share (down from S$0.008 profit in FY 2020). Revenue: S$102.6m (down 22% from FY 2020). Net loss: S$16.0m (down S$18.9m from profit in 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 • Mar 03
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: S$0.044 loss per share (down from S$0.01 profit in FY 2020). Revenue: S$102.4m (down 22% from FY 2020). Net loss: S$15.9m (down S$19.7m from profit in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Announcement • Feb 26
Nera Telecommunications Ltd Announces Directorate Changes The Board of Directors of Nera Telecommunications Ltd. announced the appointment of Mr. Wong Chee-Yann (Mr. Wong) as Non-Executive Director of the Company, a member of the Nominating Committee (NC) and a member of the Remuneration Committee (RC) with effect from 28 February 2022. The resignation of Mr. Tan Choon Hong (Mr. Tan) as Non-Executive Director of the company with effect from 28 February 2022. Following Mr. Tan's resignation, he would contemporaneously relinquish his position as a member of the NC and a member of the RC. Appointment of Dr. Lim Puay Koon, an existing Independent Director of the Company, as the Chairman of the RC and a member of the Audit and Risk Management Committee (ARMC) with effect from 8 March 2022. Dr. Lee Kwok Cheong (Dr Lee) has stepped down as an Independent Director of the Company with effect from 8 March 2022, after 9 years of serving the Board, for Board renewal purposes. Following Dr. Lee's resignation, he would contemporaneously relinquish his position as the Chairman of the RC and a member of the ARMC with effect from 8 March 2022. Announcement • Jan 28
Nera Telecommunications Ltd Provides Earnings Guidance for the Full Year Ended 31 December 2021 Nera Telecommunications Ltd. provided earnings guidance for the full year ended 31 December 2021. For the period, the company expects to report a net loss after a preliminary assessment of its unaudited financial results for FY2021. Executive Departure • Aug 19
Joint Company Secretary Lee Teng Gan has left the company On the 18th of August, Lee Teng Gan's tenure as Joint Company Secretary ended after 2.9 years in the role. We don't have any record of a personal shareholding under Lee Teng's name. Lee Teng is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.92 years. Announcement • May 11
Nera Telecommunications Ltd. Approves Final Tax-Exempt One Tier Dividend for the Financial Year Ended 31 December 2020, Payable on 31 May 2021 Nera Telecommunications Ltd. approved final tax-exempt one tier dividend of 0.5 cents per ordinary share for the financial year ended 31 December 2020. Shareholders were informed that the proposed dividend, if approved, would be paid on 31 May 2021 to Shareholders who are registered in the Register of Members on 10 May 2021. Reported Earnings • Apr 05
Full year 2020 earnings released: EPS S$0.01 (vs S$0.011 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: S$131.1m (down 9.2% from FY 2019). Net income: S$3.76m (down 4.7% from FY 2019). Profit margin: 2.9% (up from 2.7% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 02
Full year 2020 earnings released The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: S$131.1m (down 9.2% from FY 2019). Net income: S$3.76m (down 4.7% from FY 2019). Profit margin: 2.9% (up from 2.7% in FY 2019). The increase in margin was driven by lower expenses. Announcement • Feb 27
Nera Telecommunications Ltd Announces Appointment of Tan Cham Khain Orlando as Chief Commercial Officer, Effective 1 March 2021 Nera Telecommunications Ltd. announced that Mr. Tan Cham Khain Orlando will be appointed as Chief Commercial Officer of the Group. His appointment will take effect from 1 March 2021. As Chief Commercial Officer, Mr. Tan will lead the Group in areas such as the commercial strategies, client engagements as well as sales force development and management. Currently the Senior Vice President of Network Infrastructure of the Group, Mr. Tan has more than 20 years of experience in APAC in the Information & Communications Technology (ICT) industry and a proven track record in sales & marketing management, channel development and new business strategy. Mr. Tan first joined the Group in February 2017. Announcement • Dec 31
Nera Telecommunications Ltd Appoints Jacqueline Tan Geok Leng as Chief Financial Officer of the Group, Effective January 1, 2021 Nera Telecommunications Ltd. announced that Ms. Jacqueline Tan Geok Leng will be appointed as Chief Financial Officer of the Group. Her appointment will take effect from 1 January 2021. As Chief Financial Officer, Ms. Tan will lead the Group in areas such as corporate strategy, corporate finance, treasury, financial planning and reporting, tax planning, cash flow planning, merger & acquisitions and investor relations. Currently the Senior Financial Controller of the Group, Ms. Tan has more than 20 years of experience in finance and accounting in various industries such as telecommunications and information technology, packaging, property development, ship repair and electronics manufacturing. Ms. Tan first joined the Group as Financial Controller in December 2016. Announcement • Aug 13
Nera Telecommunications Ltd Declares No Dividend for the Half Year Ended June 30, 2020 Nera Telecommunications Ltd. declared no dividend for the half year ended June 30, 2020 against 0.5 cents paid for the corresponding period of the previous year.