Declared Dividend • 11h
First half dividend of S$0.014 announced Shareholders will receive a dividend of S$0.014. Ex-date: 26th August 2026 Payment date: 3rd September 2026 Dividend yield will be 4.2%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (33% 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 increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 12% over the next year, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jun 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.5% to S$0.97. The fair value is estimated to be S$1.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 32% in the next 2 years. Buy Or Sell Opportunity • May 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to S$0.95. The fair value is estimated to be S$1.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 32% in the next 2 years. Upcoming Dividend • Apr 30
Upcoming dividend of S$0.027 per share Eligible shareholders must have bought the stock before 07 May 2026. Payment date: 21 May 2026. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of Singaporean dividend payers (5.0%). Higher than average of industry peers (1.5%). Announcement • Apr 22
Valuemax Group Limited Approves Final One-Tier Tax Exempt Cash Dividend for the Financial Year Ended December 31, 2025 ValueMax Group Limited at its AGM held on April 21, 2026 approved first and final one-tier tax exempt dividend of 2.68 cents per share. Declared Dividend • Apr 03
Final dividend of S$0.027 announced Shareholders will receive a dividend of S$0.027. Ex-date: 7th May 2026 Payment date: 21st May 2026 Dividend yield will be 3.7%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (29% 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 increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 02
ValueMax Group Limited, Annual General Meeting, Apr 21, 2026 ValueMax Group Limited, Annual General Meeting, Apr 21, 2026, at 10:00 Singapore Standard Time. Location: ywca fort canning, peace room, level 3, 6 fort canning road, singapore 179494, Singapore Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to S$1.11, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 13x in the Consumer Finance industry in Asia. Total returns to shareholders of 281% over the past three years. Reported Earnings • Feb 24
Full year 2025 earnings released Full year 2025 results: Revenue: S$553.1m (up 21% from FY 2024). Net income: S$102.1m (up 23% from FY 2024). Profit margin: 19% (in line with FY 2024). Buy Or Sell Opportunity • Feb 23
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 47% to S$1.34. The fair value is estimated to be S$1.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 20%. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to S$1.18, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 14x in the Consumer Finance industry in Asia. Total returns to shareholders of 305% over the past three years. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to S$1.05, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 15x in the Consumer Finance industry in Asia. Total returns to shareholders of 282% over the past three years. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to S$1.03, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 15x in the Consumer Finance industry in Asia. Total returns to shareholders of 254% over the past three years. Upcoming Dividend • Aug 18
Upcoming dividend of S$0.012 per share Eligible shareholders must have bought the stock before 25 August 2025. Payment date: 02 September 2025. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Singaporean dividend payers (5.6%). Higher than average of industry peers (1.6%). Buy Or Sell Opportunity • Aug 15
Now 21% undervalued Over the last 90 days, the stock has risen 45% to S$0.77. The fair value is estimated to be S$0.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 20%. Announcement • Apr 23
Valuemax Group Limited Announces First and Final One-Tier Tax Exempt Dividend Valuemax Group Limited announced First and Final One-Tier Tax Exempt Dividend of 2.68 cents per share. Announcement • Apr 16
Valuemax Group Limited Proposes First and Final One-Tier Tax Exempt Dividend for the Financial Year Ended 31 December 2024, Payable on May 22, 2025 ValueMax Group Limited in its AGM held on 22 April 2025 proposed a first and final one-tier tax exempt dividend of 2.68 cents per share for the financial year ended 31 December 2024. The Proposed First and Final Dividend, if approved at the Annual General Meeting, will be paid on 22 May 2025. Recent Insider Transactions • Apr 13
Executive Chairman recently bought S$266k worth of stock On the 7th of April, Hiang Nam Yeah bought around 555k shares on-market at roughly S$0.48 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Hiang Nam has been a buyer over the last 12 months, purchasing a net total of S$285k worth in shares. Reported Earnings • Apr 06
Full year 2024 earnings released: EPS: S$0.098 (vs S$0.07 in FY 2023) Full year 2024 results: EPS: S$0.098 (up from S$0.07 in FY 2023). Revenue: S$456.2m (up 38% from FY 2023). Net income: S$82.8m (up 57% from FY 2023). Profit margin: 18% (up from 16% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year and the company’s share price has also increased by 12% per year. Declared Dividend • Apr 03
Dividend increased to S$0.027 Dividend of S$0.027 is 22% higher than last year. Ex-date: 8th May 2025 Payment date: 22nd May 2025 Dividend yield will be 5.3%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (27% 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 increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 01
ValueMax Group Limited, Annual General Meeting, Apr 22, 2025 ValueMax Group Limited, Annual General Meeting, Apr 22, 2025, at 10:00 Singapore Standard Time. Location: ywca fort canning, peace room, level 3, 6 fort canning road, singapore 179494, Singapore Reported Earnings • Mar 05
Full year 2024 earnings released Full year 2024 results: Revenue: S$456.2m (up 38% from FY 2023). Net income: S$82.8m (up 57% from FY 2023). Profit margin: 18% (up from 16% in FY 2023). The increase in margin was driven by higher revenue. 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 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 Debt is not well covered by operating cash flow (6.6% operating cash flow to total debt). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Buy Or Sell Opportunity • Feb 20
Now 21% undervalued Over the last 90 days, the stock has risen 12% to S$0.48. The fair value is estimated to be S$0.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 3.9%. Board Change • Feb 01
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. 4 experienced directors. 3 highly experienced directors. Lead Independent Non-Executive Director Poh Kiat Neo was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 11
ValueMax Group Limited (SGX:T6I) agreed to acquire Ban Fook Pawnshop Pte. Ltd. for SGD 1.8 million. ValueMax Group Limited (SGX:T6I) agreed to acquire Ban Fook Pawnshop Pte. Ltd. for SGD 1.8 million on December 10, 2024. A cash consideration will be paid by ValueMax Group Limited. The cash consideration will be fully satisfied by the internal resources of ValueMax Group Limited (SGX:T6I). Upon completion of the acquisition, Ban Fook Pawnshop Pte. Ltd. will become a wholly owned subsidiary of ValueMax Group Limited (SGX:T6I).
As of December 31, 2023, Ban Fook Pawnshop Pte. Ltd. reported total common equity of SGD 1.84 million.
The transaction is subject to approval by the Registrar of Pawnbrokers. Reported Earnings • Aug 17
First half 2024 earnings released: EPS: S$0.043 (vs S$0.034 in 1H 2023) First half 2024 results: EPS: S$0.043 (up from S$0.034 in 1H 2023). Revenue: S$229.8m (up 51% from 1H 2023). Net income: S$35.4m (up 41% from 1H 2023). Profit margin: 15% (down from 17% in 1H 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 9% per year. Announcement • May 23
ValueMax Group Limited Approves First and Final One-Tier Tax Exempt Dividend for the Financial Year Ended 31 December 2023 ValueMax Group Limited at its AGM held on 24 April 2024 approved the payment of a First and Final one-tier tax exempt dividend of 2.2 cents per share for the financial year ended 31 December 2023. Recent Insider Transactions Derivative • Apr 13
Executive Chairman exercised options to buy S$1.6m worth of stock. On the 9th of April, Hiang Nam Yeah exercised options to buy 4m shares at a strike price of around S$0.36, costing a total of S$1.5m. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. Since September 2023, Hiang Nam's direct individual holding has increased from 148.34m shares to 151.84m. Company insiders have collectively bought S$2.7m more than they sold, via options and on-market transactions, in the last 12 months. Declared Dividend • Apr 03
Dividend increased to S$0.022 Dividend of S$0.022 is 10.0% higher than last year. Ex-date: 8th May 2024 Payment date: 23rd May 2024 Dividend yield will be 5.6%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (31% 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 increased by an average of 9.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 03
Valuemax Group Limited Proposes First and Final One-Tier Tax Exempt Dividend for the Financial Year Ended 31 December 2023, Payable on May 23, 2024 ValueMax Group Limited in its AGM held on 24 April 2024 proposed a first and final one-tier tax exempt dividend of 2.2 cents per share for the financial year ended 31 December 2023. The Proposed First and Final Dividend, if approved at the Annual General Meeting, will be paid on 23 May 2024. Announcement • Apr 02
ValueMax Group Limited, Annual General Meeting, Apr 24, 2024 ValueMax Group Limited, Annual General Meeting, Apr 24, 2024, at 10:00 Singapore Standard Time. Location: 261 Waterloo Street #01-35 Singapore Singapore Agenda: To receive and adopt the Audited Financial Statements of the Company for the financial year ended 31 December 2023 and the Directors' Statement and the Auditor's Report thereon; to consider and declare a first and final one-tier tax exempt dividend of 2.2 cents per share for the financial year ended 31 December 2023; to consider and approve the Directors' fees of S$185,000/- for the financial year ended 31 December 2023 (31 December 2022: S$185,000/-); and to transact such other business matters. Recent Insider Transactions • Feb 24
Executive Chairman recently bought S$166k worth of stock On the 21st of February, Hiang Nam Yeah bought around 476k shares on-market at roughly S$0.35 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Hiang Nam has been a buyer over the last 12 months, purchasing a net total of S$606k worth in shares. Reported Earnings • Feb 21
Full year 2023 earnings released Full year 2023 results: Revenue: S$331.0m (up 15% from FY 2022). Net income: S$52.9m (up 19% from FY 2022). Profit margin: 16% (in line with FY 2022). Announcement • Feb 20
Valuemax Group Limited Recommends Final Tax Exempt (One-Tier) Cash Dividend for the Year 2023 ValueMax Group Limited recommended that the final tax exempt (one-tier) cash dividend of 2.20 cents per ordinary share for the year 2023 compared to 2.00 cents per ordinary share a year ago. Recent Insider Transactions • Nov 23
Executive Chairman recently bought S$109k worth of stock On the 22nd of November, Hiang Nam Yeah bought around 334k shares on-market at roughly S$0.33 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Hiang Nam has been a buyer over the last 12 months, purchasing a net total of S$185k worth in shares. Reported Earnings • Aug 16
First half 2023 earnings released: EPS: S$0.034 (vs S$0.036 in 1H 2022) First half 2023 results: EPS: S$0.034 (down from S$0.036 in 1H 2022). Revenue: S$151.8m (down 1.1% from 1H 2022). Net income: S$25.1m (flat on 1H 2022). Profit margin: 17% (in line with 1H 2022). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 2% per year. Upcoming Dividend • May 03
Upcoming dividend of S$0.02 per share at 5.8% yield Eligible shareholders must have bought the stock before 10 May 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 5.8%. Lower than top quartile of Singaporean dividend payers (6.4%). Higher than average of industry peers (1.9%). Reported Earnings • Apr 07
Full year 2022 earnings released: EPS: S$0.062 (vs S$0.064 in FY 2021) Full year 2022 results: EPS: S$0.062. Revenue: S$287.1m (up 4.2% from FY 2021). Net income: S$44.4m (up 7.0% from FY 2021). Profit margin: 16% (in line with FY 2021). Reported Earnings • Mar 02
Full year 2022 earnings released Full year 2022 results: Revenue: S$287.1m (up 4.2% from FY 2021). Net income: S$44.4m (up 7.0% from FY 2021). Profit margin: 16% (in line with FY 2021). Announcement • Aug 27
ValueMax Group Limited (SGX:T6I) has entered into a share purchase agreement to acquire Zheng Gang Pawnshop Pte. Ltd. for SGD 5.8 million. ValueMax Group Limited (SGX:T6I) has entered into a share purchase agreement to acquire Zheng Gang Pawnshop Pte. Ltd. for SGD 5.8 million on August 26, 2022. The consideration will be fully satisfied by the internal resources of the ValueMax Group. The audited net asset value of Zheng Gang for the year ended December 31, 2021, was SGD 3.82 million. The completion of the Acquisition is conditional upon, amongst others, the approval from the Housing Development Board of Singapore to the sale of the Sale Shares and approval of the Registrar of Pawnbrokers for the share transfer. Reported Earnings • Aug 11
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down S$18.4m from profit in 1H 2021). Profit margin: (down from 14% in 1H 2021). The decrease in margin was driven by lower expenses. Announcement • May 16
ValueMax Group Limited Approves First and Final (Tax Exempt One-Tier) Cash Dividend, Payable on 29 June 2022 The Board of Directors of ValueMax Group Limited referred to its earlier announcements of 4 April 2022 and 26 April 2022 ("Announcements") in relation to the notice of books closure date for the first and final (tax exempt one-tier) dividend of 1.88 Singapore cents per ordinary share ("Final Dividend") and the application of the ValueMax Group Limited Scrip Dividend Scheme ("Scheme") to the Final Dividend. The Final Dividend had been approved by shareholders at the annual general meeting of the Company on 26 April 2021. The Notices of Election will be dispatched to the Entitled Shareholders on or about 24 May 2022. The Final Dividend will be paid on 29 June 2022. Entitled Shareholders who elect not to participate in the Scheme will receive the Final Dividend in cash. Upcoming Dividend • May 05
Upcoming dividend of S$0.019 per share Eligible shareholders must have bought the stock before 12 May 2022. Payment date: 29 June 2022. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 5.1%. Lower than top quartile of Singaporean dividend payers (5.8%). Higher than average of industry peers (1.5%). Announcement • Apr 22
ValueMax Group Limited Proposes First and Final One-Tier Tax Exempt Dividend for the Financial Year Ended 31 December 2021, Payable on June 29, 2022 ValueMax Group Limited proposed to declare a first and final one-tier tax exempt dividend of 1.88 cents per share for the financial year ended 31 December 2021 in the Annual General Meeting to be held on April 26, 2022. The Share Transfer Books and the Register of Members of the Company will be closed on 13 May 2022 at 5.00 p.m. ("Record Date") for the purpose of determining Members' entitlements to the Proposed First & Final Dividend. Duly completed registrable transfers in respect of shares in the Company received up to the close of business at 5.00 p.m. on the Record Date by the Company's Share Registrar, Tricor Barbinder Share Registration Services, 80 Robinson Road, #02-00, Singapore 068898 will be entitled to the Proposed First and Final Dividend. Members whose Securities Accounts with The Central Depository (Pte) Limited are credited with shares of the Company as at 5.00 p.m. on the Record Date will be entitled to the Proposed First and Final Dividend. The Proposed First & Final Dividend, if approved at the Annual General Meeting, will be paid on 29 June 2022. Announcement • Apr 21
ValueMax Group Limited Proposes First and Final One-Tier Tax Exempt Dividend for the Financial Year Ended 31 December 2021, Payable on June 29, 2022 ValueMax Group Limited proposed first and final one-tier tax exempt dividend of 1.88 cents per share for the financial year ended 31 December 2021 at the Annual General Meeting (the 'AGM') to be held on 26 April 2022, the Share Transfer Books and the Register of Members of the Company will be closed on 13 May 2022 at 5.00 p.m. ('Record Date') for the purpose of determining Members' entitlements to the Proposed First & Final Dividend. Members whose Securities Accounts with The Central Depository (Pte) Limited are credited with shares of the Company as at 5.00 p.m. on the Record Date will be entitled to the Proposed First and Final Dividend. The Proposed First & Final Dividend, if approved at the Annual General Meeting, will be paid on 29 June 2022. Reported Earnings • Apr 06
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: S$0.064 (up from S$0.06 in FY 2020). Revenue: S$275.5m (flat on FY 2020). Net income: S$41.5m (up 23% from FY 2020). Profit margin: 15% (up from 12% in FY 2020). Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 16%. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Apr 04
ValueMax Group Limited, Annual General Meeting, Apr 26, 2022 ValueMax Group Limited, Annual General Meeting, Apr 26, 2022, at 14:00 Singapore Standard Time. Agenda: To receive and adopt the audited financial statements of the company for the financial year ended 31 December 2021 and the directors' statement and auditors' report thereon; to declare a first and final one-tier tax exempt dividend of 1.88 cents per share for the financial year ended 31 December 2021; to approve the Directors' fees of SGD 156,250 for the financial year ended 31 December 2021; to consider the re-election of directors of the company; to re-appoint Messrs. Ernst & Young LLP as auditors of the company and to authorize the Directors to fix their remuneration; to authorize Directors to issue shares pursuant to Section 161 of the Companies Act 1967; to approve the proposed Renewal of General Mandate for Interested Person Transactions; and to consider the other matters. Reported Earnings • Feb 25
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: S$275.5m (flat on FY 2020). Net income: S$41.5m (up 23% from FY 2020). Profit margin: 15% (up from 12% in FY 2020). Revenue missed analyst estimates by 15%. Announcement • Feb 25
ValueMax Group Limited Recommends Final Cash Dividend for the Year 2021 ValueMax Group Limited recommends One-tier tax exempt final cash dividend of 1.88 cents per ordinary share for the year 2021. Announcement • Dec 10
ValueMax Group Limited (SGX:T6I) acquired Hersing Credit Pte Ltd for SGD 0.28 million. ValueMax Group Limited (SGX:T6I) acquired Hersing Credit Pte Ltd for SGD 0.28 Million on December 8, 2021. The Acquisition is in line with the Group’s strategy to expand its moneylending business. Hersing Credit will, upon completion of the Acquisition, become a whollyowned subsidiary of the Company.
ValueMax Group Limited (SGX:T6I) completed the acquisition of Hersing Credit Pte Ltd on December 8, 2021. Recent Insider Transactions • Jun 03
MD, CEO & Executive Director recently bought S$6.4m worth of stock On the 2nd of June, Hiang Nam Yeah bought around 18m shares on-market at roughly S$0.36 per share. This was the largest purchase by an insider in the last 3 months. Hiang Nam has been a buyer over the last 12 months, purchasing a net total of S$11m worth in shares. Upcoming Dividend • Apr 30
Upcoming dividend of S$0.018 per share Eligible shareholders must have bought the stock before 07 May 2021. Payment date: 03 June 2021. Trailing yield: 4.7%. Within top quartile of Singaporean dividend payers (4.6%). Higher than average of industry peers (1.3%). Announcement • Apr 28
ValueMax Group Limited Approves A First and Final One-Tier Tax Exempt Dividend for the Financial Year Ended 31 December 2020 ValueMax Group Limited, at its AGM held on 27 April 2021, approved a first and final one-tier tax exempt dividend of 1.80 cents per share for the financial year ended 31 December 2020. Reported Earnings • Apr 11
Full year 2020 earnings released: EPS S$0.06 (vs S$0.047 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: S$276.1m (up 17% from FY 2019). Net income: S$33.9m (up 33% from FY 2019). Profit margin: 12% (up from 11% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 25
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: S$276.1m (up 17% from FY 2019). Net income: S$33.9m (up 33% from FY 2019). Profit margin: 12% (up from 11% in FY 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Feb 24
New 90-day high: S$0.35 The company is up 13% from its price of S$0.32 on 26 November 2020. The Singaporean market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Finance industry, which is up 17% over the same period. Is New 90 Day High Low • Feb 08
New 90-day high: S$0.34 The company is up 11% from its price of S$0.31 on 10 November 2020. The Singaporean market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Finance industry, which is up 25% over the same period. Is New 90 Day High Low • Jan 19
New 90-day high: S$0.34 The company is up 11% from its price of S$0.30 on 21 October 2020. The Singaporean market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Finance industry, which is up 25% over the same period. Is New 90 Day High Low • Dec 31
New 90-day high: S$0.33 The company is up 10.0% from its price of S$0.30 on 02 October 2020. The Singaporean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Finance industry, which is up 23% over the same period. Announcement • Dec 23
ValueMax Group Limited (SGX:T6I) completed the acquisition of Thye Lian Pawnshop Pte. Ltd. ValueMax Group Limited (SGX:T6I) entered into agreement to acquire Thye Lian Pawnshop Pte. Ltd for SGD 4.1 million on December 7, 2020. Under the agreement, ValueMax Group Limited will acquire 3.05 million shares representing 100% stake of Thye Lian Pawnshop Pte. Ltd. The transaction will be financed through internal resources. Post completion, Thye Lian Pawnshop Pte. Ltd will become wholly owned subsidiary of ValueMax Group Limited. As of December 31, 2019, Thye Lian Pawnshop Pte. Ltd has reported net assets of SGD 4.56 million. Transaction is subject to approval of the Registrar of Pawnbrokers. The transaction transaction is not expected to have a material impact on the consolidated net tangible assets and earnings per share of the Group for the financial year ending December 31, 2020.
ValueMax Group Limited (SGX:T6I) completed the acquisition of Thye Lian Pawnshop Pte. Ltd on December 21, 2020. The transaction is approved by the Registrar of Pawnbrokers and become wholly-owned subsidiary of ValueMax Group Limited. Is New 90 Day High Low • Dec 14
New 90-day high: S$0.33 The company is up 7.0% from its price of S$0.30 on 15 September 2020. The Singaporean market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Finance industry, which is up 20% over the same period. Is New 90 Day High Low • Nov 24
New 90-day high: S$0.32 The company is up 5.0% from its price of S$0.30 on 26 August 2020. The Singaporean market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Finance industry, which is up 15% over the same period. 
