Tillkännagivande • Jul 21
Tye Soon Limited Announces Appointment of Lee Ven How as Finance Director, Effective September 1, 2026 Tye Soon Limited appointed Lee Ven How as Finance Director, effective September 1, 2026. The Board has noted that Mr. Lee Ven How ("Mr. Lee") had been engaged by the Company since July 2025 to provide consultancy services in relation to enhancing certain finance functions for the group. The Board, with the concurrence of the Nomination and Remuneration Committee, having regard to Mr. Lee Ven How's prior engagement and familiarity with the Company's operations and his qualifications, relevant working experience and other attributes, has considered Mr. Lee to be appropriate for appointment as the Finance Director of the Company. Following the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Mr. Lee Ven How as the Finance Director of the Company. He will be responsible for the overall financial functions of the Group. Working Experience: May 2015 to May 2025: Deloitte & Touche LLP, Singapore (Audit Partner). Other Directorships Past: May 2020 to May 2025: Deloitte & Touche LLP, Singapore (Audit Partner). Other Directorships Present: July 2025 to Present: Tye Soon Limited (Consultancy work). Professional Qualification: 1. Bachelor of Accountancy (minor in Banking and Finance), Second Class Honors from Nanyang Technological University, Singapore (1995-1998) 2. Chartered Accountant ("CA"), Institute of Certified Public Accountants, Singapore (2001). Upcoming Dividend • Apr 29
Upcoming dividend of S$0.013 per share Eligible shareholders must have bought the stock before 06 May 2026. Payment date: 15 May 2026. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 5.8%. Within top quartile of Singaporean dividend payers (4.9%). Higher than average of industry peers (4.4%). Tillkännagivande • Apr 25
Tye Soon Limited Approves Final Tax Exempt One-Tier Dividend for the Financial Year Ended 31 December 2025, Payable on May 15, 2026 Tye Soon Limited at the AGM held on 24 April 2026, approved to declare a final tax exempt one-tier dividend of SGD 0.01275 per ordinary share for the financial year ended 31 December 2025. of the Company will be closed on 7 May 2026 (the "Record Date") for the preparation of dividend warrants. Dividend will be paid on 15 May 2026. Reported Earnings • Apr 14
Full year 2025 earnings released: EPS: S$0.043 (vs S$0.049 in FY 2024) Full year 2025 results: EPS: S$0.043 (down from S$0.049 in FY 2024). Revenue: S$264.2m (up 2.6% from FY 2024). Net income: S$3.71m (down 12% from FY 2024). Profit margin: 1.4% (down from 1.6% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Declared Dividend • Apr 10
Final dividend of S$0.013 announced Dividend of S$0.013 is the same as last year. Ex-date: 6th May 2026 Payment date: 15th May 2026 Dividend yield will be 6.0%, which is lower than the industry average of 7.5%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 1.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Tillkännagivande • Apr 09
Tye Soon Limited, Annual General Meeting, Apr 24, 2026 Tye Soon Limited, Annual General Meeting, Apr 24, 2026, at 10:00 Singapore Standard Time. Location: the chevrons, 48 boon lay way, singapore 609961, Singapore Reported Earnings • Mar 03
Full year 2025 earnings released: EPS: S$0.043 (vs S$0.049 in FY 2024) Full year 2025 results: EPS: S$0.043 (down from S$0.049 in FY 2024). Revenue: S$264.3m (up 2.6% from FY 2024). Net income: S$3.71m (down 12% from FY 2024). Profit margin: 1.4% (down from 1.6% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. New Risk • Feb 26
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 Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 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$27.9m market cap, or US$22.1m). Declared Dividend • Aug 30
First half dividend of S$0.0064 announced Dividend of S$0.0064 is the same as last year. Ex-date: 5th September 2025 Payment date: 15th September 2025 Dividend yield will be 5.8%, which is lower than the industry average of 7.5%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 1.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 38% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Aug 20
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 8.8% 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 Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share). Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (S$26.2m market cap, or US$20.4m). Tillkännagivande • May 23
Tye Soon Limited Approves Final Tax Exempt One-Tier Dividend for the Financial Year Ended 31 December 2024, Payable on 16 May 2025 Tye Soon Limited at its Annual General Meeting held on 24 April 2025, approved that the final tax exempt one-tier dividend of SGD 0.01275 per ordinary share for the financial year ended 31 December 2024 be declared. The dividend will be paid on 16 May 2025 to the shareholders of the Company whose names appear in the Register of Members of the Company on 7 May 2025. Upcoming Dividend • Apr 29
Upcoming dividend of S$0.013 per share Eligible shareholders must have bought the stock before 06 May 2025. Payment date: 16 May 2025. Payout ratio is a comfortable 39% but the company is paying out more than the cash it is generating. Trailing yield: 6.4%. Within top quartile of Singaporean dividend payers (6.0%). Higher than average of industry peers (5.4%). Declared Dividend • Apr 14
Final dividend increased to S$0.013 Dividend of S$0.013 is 50% higher than last year. Ex-date: 6th May 2025 Payment date: 16th May 2025 Dividend yield will be 6.4%, which is lower than the industry average of 7.5%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but not covered by cash flows (dividend approximately 5x free cash flows). The dividend has increased by an average of 1.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 80% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Feb 24
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 Interest payments are not well covered by earnings (2.3x net interest cover). Shares are highly illiquid. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 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$26.2m market cap, or US$19.6m). Board Change • Nov 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. 2 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Genevieve Chua was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Sep 12
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 8.4% 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 Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (S$24.9m market cap, or US$19.1m). Declared Dividend • Aug 30
First half dividend of S$0.0064 announced Shareholders will receive a dividend of S$0.0064. Ex-date: 5th September 2024 Payment date: 13th September 2024 Dividend yield will be 5.0%, which is lower than the industry average of 7.5%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 39% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Tillkännagivande • Aug 28
Tye Soon Limited Declares Interim Tax Exempt One-Tier Dividend for the Financial Year Ending 31 December 2024, Payable on 13 September 2024 Tye Soon Limited declared interim tax exempt one-tier dividend of SGD 0.00638 per ordinary share for the financial year ending 31 December 2024. Shareholders whose securities accounts with The Central Depository (Pte) Limited are credited with ordinary shares in the capital of the Company as on 6 September 2024 will be entitled to the Interim Dividend. Payment of the Interim Dividend will be made on 13 September 2024. Reported Earnings • Aug 14
First half 2024 earnings released: EPS: S$0.027 (vs S$0.026 in 1H 2023) First half 2024 results: EPS: S$0.027 (up from S$0.026 in 1H 2023). Revenue: S$128.8m (up 2.4% from 1H 2023). Net income: S$2.35m (up 2.9% from 1H 2023). Profit margin: 1.8% (in line with 1H 2023). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jun 18
Now 20% overvalued Over the last 90 days, the stock has fallen 4.5% to S$0.32. The fair value is estimated to be S$0.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has grown by 26%. Buy Or Sell Opportunity • May 31
Now 24% overvalued Over the last 90 days, the stock has fallen 8.5% to S$0.33. The fair value is estimated to be S$0.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has grown by 26%. Buy Or Sell Opportunity • Apr 29
Now 23% overvalued Over the last 90 days, the stock has fallen 9.7% to S$0.33. The fair value is estimated to be S$0.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has grown by 26%. Reported Earnings • Apr 14
Full year 2023 earnings released: EPS: S$0.049 (vs S$0.072 in FY 2022) Full year 2023 results: EPS: S$0.049 (down from S$0.072 in FY 2022). Revenue: S$254.5m (up 2.0% from FY 2022). Net income: S$4.25m (down 32% from FY 2022). Profit margin: 1.7% (down from 2.5% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Declared Dividend • Apr 11
Final dividend of S$0.0085 announced Dividend of S$0.0085 is the same as last year. Ex-date: 8th May 2024 Payment date: 17th May 2024 Dividend yield will be 4.0%, which is lower than the industry average of 7.5%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 52% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Apr 11
Now 20% overvalued Over the last 90 days, the stock has fallen 8.7% to S$0.32. The fair value is estimated to be S$0.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has grown by 26%. Tillkännagivande • Apr 10
Tye Soon Limited, Annual General Meeting, Apr 26, 2024 Tye Soon Limited, Annual General Meeting, Apr 26, 2024, at 10:00 Singapore Standard Time. Location: The Chevrons, 48 Boon Lay Way Singapore Singapore Agenda: To receive and adopt the Directors' Statement and Audited Financial Statements for the financial year ended 31 December 2023, together with the auditors' report thereon; to approve the directors' fees for the year ended 31 December 2023; to re-elect Ms Chua Kwee Huay Genevieve as a director; to declare the final dividend for the financial year ended 31 December 2023; and to consider other matters. Buy Or Sell Opportunity • Mar 13
Now 27% overvalued Over the last 90 days, the stock has fallen 4.3% to S$0.34. The fair value is estimated to be S$0.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has grown by 26%. Reported Earnings • Feb 27
Full year 2023 earnings released: EPS: S$0.049 (vs S$0.072 in FY 2022) Full year 2023 results: EPS: S$0.049 (down from S$0.072 in FY 2022). Revenue: S$254.5m (up 2.1% from FY 2022). Net income: S$4.25m (down 32% from FY 2022). Profit margin: 1.7% (down from 2.5% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Feb 19
Tye Soon Limited Appoints Wu Siying (Cynthia) as the Joint Company Secretary The Board of Directors of Tye Soon Limited announced the appointment of Ms. Wu Siying (Cynthia) as the Joint Company Secretary of the Company with effect from 19 February 2024. Ms. Evelyn Wee Kim Lin remains as the existing Company Secretary of the Company. Tillkännagivande • Feb 09
Tye Soon Limited Announces the Cessation of Noel Anthony Meehan as Non-Executive and Non-Independent Director, Member of the Audit and Risk Committee Tye Soon Limited announced the cessation of Noel Anthony Meehan as Non-Executive and Non-Independent Director, member of the Audit and Risk Committee. 1. Bapcor Limited 2. AADI Australia Pty Ltd. 3. A&F Drive Shaft Repair Queensland Pty Ltd. 4. Aftermarket Network Australia Pty Ltd. 5. Australian Automotive Electrical Wholesale Pty Ltd. 6. Bapcor Australia Pty Limited 7. Bapcor Automotive Limited 8. Bapcor Finance Pty Ltd. 9. Bapcor International Pty Ltd. 10. Bapcor Logistics Services Pty Ltd. 11. Bapcor New Zealand Limited 12. Bapcor Retail Pty Ltd. 13. Bapcor Services New Zealand Limited 14. Bapcor Services Pty Ltd. 15. Baxters Pty Ltd. 16. Bapcor Asia Pte Ltd. 17. Benequity Properties, LLC 18. Blacktown Auto Engineers Pty Ltd. 19. Brake & Transmission NZ Limited 20. Burson Automotive Pty. Ltd. 21. Car Bits Asia Co. Ltd. 22. Car Bitz & Accessories Pty. Ltd. 23. Commercial Parts Pty Ltd. 24. Commercial Spares Pty. Ltd. 25. Diesel Distributors Australia Pty Limited 26. Diesel Distributors Limited 27. Don Kyatt Spare Parts (QLD) Pty. Ltd. 28. Federal Batteries Qld Pty Limited 29. HCB Technologies Limited 30. He Knows Truck Parts Pty Ltd. 31. Hellaby Resource Services Limited 32. I Know Parts and Wrecking Pty Ltd. 33. JAS Oceania Pty. Ltd. 34. Low Voltage Pty Limited 35. Midas Australia Pty. Ltd. 36. MTQ Engine Systems (Aust) Pty Ltd. 37. Precision Equipment New Zealand Ltd. 38. Premier Auto Trade Pty Ltd. 39. Renouf Corporation International 40. Ryde Batteries (Wholesale) Pty. Limited 41. Specialist Wholesales Pty Ltd. Mr. Noel Anthony Meehan was appointed to the Board of Directors of Tye Soon Limited ("Company") in 2021, and was nominated by Bapcor Asia Pte. Ltd., a subsidiary of Bapcor Limited ("Bapcor"), a controlling shareholder of the Company. Since he has retired as the Chief Executive Officer and Managing Director of Bapcor with effect from 5 February 2024, he also tendered his resignation as a director of the Company. Reported Earnings • Aug 15
First half 2023 earnings released: EPS: S$0.026 (vs S$0.033 in 1H 2022) First half 2023 results: EPS: S$0.026 (down from S$0.033 in 1H 2022). Revenue: S$125.7m (up 1.2% from 1H 2022). Net income: S$2.28m (down 21% from 1H 2022). Profit margin: 1.8% (down from 2.3% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Aug 13
Tye Soon Limited Recommends Interim Tax Exempt (One-Tier) Dividend for the Six Months Ended 30 June 2023 The board of directors of Tye Soon Limited recommended interim tax exempt (one-tier) dividends of $0.00425 per share for the six months ended 30 June 2023. Tillkännagivande • May 23
Tye Soon Limited Declares Final Dividend for the Year Ended December 31, 2022, Payable on May 17, 2023 At the AGM held on 26 APRIL 2023, Tye Soon Limited declared a final tax exempt one-tier dividend of SGD 0.0085 per ordinary share for financial year ended 31 December 2022. The Chairman informed the meeting that the final tax exempt one-tier dividend, if approved, will be paid on 17 May 2023 to the shareholders of the Company whose names appear in the Register of Members of the Company on 9 May 2023. Reported Earnings • Apr 08
Full year 2022 earnings released: EPS: S$0.072 (vs S$0.051 in FY 2021) Full year 2022 results: EPS: S$0.072 (up from S$0.051 in FY 2021). Revenue: S$249.3m (up 11% from FY 2021). Net income: S$6.28m (up 41% from FY 2021). Profit margin: 2.5% (up from 2.0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has increased by 89% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Mar 02
MD & Executive Director recently bought S$50k worth of stock On the 27th of February, Tek Yew Chong bought around 125k shares on-market at roughly S$0.40 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Tek Yew has been a buyer over the last 12 months, purchasing a net total of S$296k worth in shares. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: S$0.072 (vs S$0.051 in FY 2021) Full year 2022 results: EPS: S$0.072 (up from S$0.051 in FY 2021). Revenue: S$249.5m (up 11% from FY 2021). Net income: S$6.28m (up 41% from FY 2021). Profit margin: 2.5% (up from 2.0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 57% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Sep 27
Tye Soon Limited Declares Interim Tax Exempt One-Tier Dividend for the Financial Year Ending 31 December 2022, Payable on October 11, 2022 Tye Soon Limited declared interim tax exempt one-tier dividend of SGD 0.00425 per ordinary share for the financial year ending 31 December 2022. Shareholders whose securities accounts with The Central Depository (Pte) Limited are credited with ordinary shares in the capital of the Company as at 5:00 pm on 4 October 2022 will be entitled to the Interim Dividend. Payment of the Interim Dividend will be made on 11 October 2022. Recent Insider Transactions • Aug 17
MD & Executive Director recently bought S$60k worth of stock On the 12th of August, Tek Yew Chong bought around 149k shares on-market at roughly S$0.40 per share. This was the largest purchase by an insider in the last 3 months. Tek Yew has been a buyer over the last 12 months, purchasing a net total of S$305k worth in shares. Reported Earnings • Aug 14
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down S$2.08m from profit in 1H 2021). Profit margin: (down from 1.8% in 1H 2021). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Aug 13
Tye Soon Limited Recommends Interim Tax Exempt (One-Tier) Dividend for the Six Months Ended 30 June 2022 Tye Soon Limited recommended interim tax exempt (one-tier) dividends of Singapore 0.00425 cents in respect for the six months ended 30 June 2022. Tillkännagivande • Jul 14
Tye Soon Limited Announces Demise of Ong Hock Siang as Adviser to the Company Tye Soon Limited regrets to inform that Mr. Ong Hock Siang passed away on 8 July 2022. Mr. Ong was an Adviser to the Company. Mr. Ong had been with the Company since 1966. He had been a Director for much of the time sincethen and had been the Chairman from the time of the Company's listing on the SGX in 1998 until 2018. He remained as Executive Director until he stepped down from the Board in 2020 when he was appointed as Adviser to the Company. Mr. Ong had devoted much of his working career to the Company. The Board of Directors, management and team express their deepest condolence to Mr. Ong's family. Tillkännagivande • Apr 27
Tye Soon Limited Approves Final Tax Exempt One-Tier Dividend for the Financial Year Ended 31 December 2021 Tye Soon Limited at its annual general meeting held on April 26, 2022 approved final tax exempt one-tier dividend of SGD 0.0085 per ordinary share for the financial year ended 31 December 2021. Reported Earnings • Apr 13
Full year 2021 earnings released: EPS: S$0.051 (vs S$0.014 in FY 2020) Full year 2021 results: EPS: S$0.051 (up from S$0.014 in FY 2020). Net income: S$4.47m (up 265% from FY 2020). Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Apr 09
Tye Soon Limited, Annual General Meeting, Apr 26, 2022 Tye Soon Limited, Annual General Meeting, Apr 26, 2022, at 10:00 Singapore Standard Time. Agenda: To consider receive and adopt the Directors' Statement and Audited Financial Statements for the financial year ended 31 December 2021, together with the auditors' report thereon; to consider approve the directors' fees for the year ended 31 December 2021; to consider re-election of Directors; to consider declare the final dividend for the financial year ended 31 December 2021; and to consider re-appoint KPMG LLP as auditors. Tillkännagivande • Feb 24
Tye Soon Limited Proposes Final Exempt Dividend for the Financial Year Ended 31 December 2021 Tye Soon Limited announced the directors have proposed a final exempt (one-tier) dividend of $0.0085 (2020: $nil) per ordinary share, totalling $742,000 (2020: $nil) in respect of the financial year ended 31 December 2021. The proposed final tax-exempt dividend has not been recognised as at year end and will be submitted for shareholder's approval at the forthcoming Annual General Meeting of the Company in April 2022. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: S$0.051 (up from S$0.014 in FY 2020). Revenue: S$225.5m (up 13% from FY 2020). Net income: S$4.47m (up 265% from FY 2020). Profit margin: 2.0% (up from 0.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Executive Departure • Dec 01
Group Financial Controller Choy Tong Lai has left the company On the 1st of December, Choy Tong Lai's tenure as Group Financial Controller ended after 14.2 years in the role. We don't have any record of a personal shareholding under Choy Tong's name. A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 7.75 years. Executive Departure • Sep 03
Independent Non-Executive Chairman Khuan Heng Tham has left the company On the 31st of August, Khuan Heng Tham's tenure as Independent Non-Executive Chairman ended after 1.2 years in the role. We don't have any record of a personal shareholding under Khuan Heng's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 7.58 years. Executive Departure • May 05
Non Executive & Non Independent Director has left the company On the 26th of April, Huat Choo Ong's tenure as Non Executive & Non Independent Director ended after 10.4 years in the role. As of December 2020, Huat Choo personally held 2.68m shares (S$242k worth at the time). A total of 3 executives have left over the last 12 months. Executive Departure • May 05
Non-Executive & Non Independent Director has left the company On the 26th of April, Eng Mien Ong's tenure as Non-Executive & Non Independent Director ended after 5.9 years in the role. As of December 2020, Eng Mien personally held only 52.67k shares (S$4.7k worth at the time). A total of 3 executives have left over the last 12 months. Executive Departure • May 05
Non Executive & Non Independent Director has left the company On the 26th of April, Lay May Ong's tenure as Non Executive & Non Independent Director ended after 27.5 years in the role. As of December 2020, Lay May personally held only 600.00k shares (S$54k worth at the time). A total of 3 executives have left over the last 12 months. Recent Insider Transactions • Apr 30
MD & Executive Director recently bought S$130k worth of stock On the 28th of April, Tek Yew Chong bought around 333k shares on-market at roughly S$0.39 per share. This was the largest purchase by an insider in the last 3 months. Tek Yew has been a buyer over the last 12 months, purchasing a net total of S$258k worth in shares. Reported Earnings • Apr 10
Full year 2020 earnings released: EPS S$0.014 (vs S$0.003 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: S$199.3m (down 10% from FY 2019). Net income: S$1.22m (up 442% from FY 2019). Profit margin: 0.6% (up from 0.1% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 25
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: S$199.4m (down 10% from FY 2019). Net income: S$1.22m (up 442% from FY 2019). Profit margin: 0.6% (up from 0.1% in FY 2019). The increase in margin was driven by lower expenses.