Q&As on Annual Reports

ASKING THE RIGHT QUESTIONS ON YOUR INVESTMENTS AT AGMS

Q&As on Annual Reports

WHAT TO EXPECT

1 Q&A will focus on company’s business strategy,  financial information, corporate governance and sustainability.

2 Companies are requested to address the questions posed by SIAS at the AGM as well as post the answers to the questions on SGX Net.

3 SIAS will be progressively extending this to cover all SGX listed companies over the next 5 years.

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AGM Date Company Market Annual Report SIAS Questions Company Response
AGM Date: 28/04/2017 28/04/2017 Company: China International Holdings Ltd China International Holdings Ltd Market: SGX Mainboard SGX Mainboard Annual Report: Download Download SIAS Questions1. In the Chairman’s statement (page 2 of the annual report), it was briefly mentioned... 2. The group holds a 20.1% interest in Liuhe County Yukun Mining Co Ltd (“Liuhe”)... 3. With regard to the group’s investment in Future Trillion Group which indirectly... Read More
AGM Date: 28/04/2017 28/04/2017 Company: Dapai International Holdings Co. Ltd Dapai International Holdings Co. Ltd Market: SGX Mainboard SGX Mainboard Annual Report: Download Download SIAS Questions1. On 5 March 2017, the company had made an application to the SGX-ST for a further... 2. On 10 April 2017, the group disclosed that there have been “material variances... 3. As disclosed in the Corporate Governance Report, Mr Fong Pin Jan was... Read More
AGM Date: 28/04/2017 28/04/2017 Company: Far East Group Ltd Far East Group Ltd Market: Catalist Catalist Annual Report: Download Download SIAS Questions1. As mentioned in the CEO’s Message (page 2 of the annual report), the group conducted... 2. The group’s focus is to scale up the value chain to target top-tier markets in... 3. The allowance for obsolete inventories is one of the key audit matters in... Read More
AGM Date: 28/04/2017 28/04/2017 Company: First Ship Lease Trust First Ship Lease Trust Market: SGX Mainboard SGX Mainboard Annual Report: Download Download SIAS Questions1. In the Chairman’s Letter to Unitholders (pages 4 to 5 of the annual report)... 2. At the Ninth Annual General Meeting of the trust that was held on 29 April 2016... 3. In the announcement dated 6 February 2017 announcing the cessation of... Read More
AGM Date: 28/04/2017 28/04/2017 Company: Golden Energy and Resources Ltd Golden Energy and Resources Ltd Market: SGX Mainboard SGX Mainboard Annual Report: Download Download SIAS Questions1. As noted in the Chairman’s Message (page 2 of the annual report), Golden Energy... 2. Specifically on the coal mining operations, shareholders would like to ask about... 3. The average selling price of coal achieved by the group was US$35/MT in 2016... Read More Company Response1. In FY2016, GEAR achieved broad-based revenue growth across all three business... 2. BIB’s existing infrastructure is able to support coal production output... 3. Coal prices are subject to market forces which are not within our control... Read More
AGM Date: 28/04/2017 28/04/2017 Company: Hong Fok Corporation Ltd Hong Fok Corporation Ltd Market: SGX Mainboard SGX Mainboard Annual Report: Download Download SIAS Questions1. The group’s new 610-keys hotel at the junction of Orchard Road and Claymore Hill... 2. The group has developed Concourse Skyline and Jewel of Balmoral which obtained... 3. In Note 33 (pages 75 to 78 – Segment Reporting), the reportable segment... Read More
AGM Date: 28/04/2017 28/04/2017 Company: Sabana REIT Sabana REIT Market: SGX Mainboard SGX Mainboard Annual Report: Download Download SIAS Questions1. The REIT has five master leases (namely 33 & 35 Penjuru Lane, 18 Gul Drive... 2. Based on the Borrowings profile (page 15), the REIT has a weighted average... 3. With effect from 1 January 2016, under the Property Funds Appendix, the trust... Read More
AGM Date: 28/04/2017 28/04/2017 Company: Serial System Ltd Serial System Ltd Market: SGX Mainboard SGX Mainboard Annual Report: Download Download SIAS Questions1. The group’s revenue has increased to US$1.4 billion in 2016, up 15% from 2015... 2. The group’s distribution business is capital intensive as a lot of working capital... 3. In using non-recourse factoring arrangement, the group substantially transferred... Read More
AGM Date: 28/04/2017 28/04/2017 Company: Singapura Finance Ltd Singapura Finance Ltd Market: SGX Mainboard SGX Mainboard Annual Report: Download Download SIAS Questions1. The company carried out a one-for-one rights issue in December 2014 to raise... 2. In February 2017, the Monetary Authority of Singapore eased the rules on finance... 3. The group’s total allowance for loan losses is $13.2 million as at... Read More
AGM Date: 28/04/2017 28/04/2017 Company: Thakral Corporation Ltd Thakral Corporation Ltd Market: SGX Mainboard SGX Mainboard Annual Report: Download Download SIAS Questions1. The group through a joint venture (JV), has expanded its businesses into development... 2. In 2015, management had decided to dispose of the warehouse properties in Hong Kong... 3. A special committee of the board was formed in 2012 to set out the criteria for... Read More Company Response1. The GemLife business is an important part of the overall strategic direction of... 2. We continue to work with consultants to maximize value. The Group is still... 3. The Board and the Nomination Committee are always on the lookout for new... Read More
AGM Date: 28/04/2017 28/04/2017 Company: Uni-Asia Holdings Ltd Uni-Asia Holdings Ltd Market: SGX Mainboard SGX Mainboard Annual Report: Download Download SIAS Questions1. The group has been successful in expanding its hotel operating business with... 2. As noted in the Chairman’s message (page 4), the group’s shipping portfolio... 3. For the group’s property business in Japan, the group invests and develops... Read More
AGM Date: 28/04/2017 28/04/2017 Company: UOB-Kay Hian Holdings Ltd UOB-Kay Hian Holdings Ltd Market: SGX Mainboard SGX Mainboard Annual Report: Download Download SIAS Questions1. The Singapore operation accounts for 52% of the group’s external sales and about 57%... 2. In 2011, the group generated $75 million in interest income from clients and $275 million... 3. The group’s operations in Thailand grew via an acquisition of the retail business... Read More Company Response1. As observed from press reports and in our Chairman’s statement and commentary... 2. Lending business has always been part and parcel of our business and we have been... 3. The total consideration of THB 405 million (approximately $15.9 million) for the... Read More


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