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2020 TOP RUBBER PLAYS POTENTIAL TO RISE TO $1.00
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Joelton
Supreme |
25-Feb-2026 11:39
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Credit Bureau Asia reports record revenue of $60.1 million proposes 2.2 cents final dividend Credit Bureau Asia (CBA) reported record revenue of $60.1 million for FY2025, with a slight decline in net profit before tax. The company will return surplus capital to shareholders through a capital reduction and cash distribution exercise, proposing a final dividend of 2.2 cents per share.
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Joelton
Supreme |
25-Aug-2025 13:30
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Credit Bureau Asia
On Aug 15, Credit Bureau Asia executive chairman and CEO Kevin Koo Chiang acquired 105,200 shares at an average price of S$1.33 apiece. This increased his total interest in the leading player in the credit and risk information solutions market in South-east Asia, from 64.12 to 64.16 per cent.
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Joelton
Supreme |
25-Feb-2025 13:13
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Credit Bureau Asia&rsquo s FY2024 patmi grows 14% y-o-y, declares final dividend of 2 cents
Mainboard-listed Credit Bureau Asia &rsquo s revenue grew 10% y-o-y to $59.7 million in FY2024 ended Dec 31, 2024, while net profit before tax grew 14% y-o-y to $30.5 million over the same period.
Patmi, meanwhile, grew 14% y-o-y to $11.2 million, the credit and risk solutions provider announced on Feb 24.
Credit Bureau Asia&rsquo s board is recommending a final dividend of 2.0 cents per ordinary share, bringing the total dividend payout for FY2024 to 4.0 cents per ordinary share, an increase of 8.1% y-o-y.
CBA, together with its joint ventures, is currently the dominant market leader in Singapore&rsquo s financial institution (FI) data business and the sole market player in Cambodia and Myanmar, with more than 255 FI members across the three countries as of the end of 2024.
Credit Bureau Asia says there is &ldquo broad-based increase&rdquo in revenue and continuing development of new business initiatives to its FI data business in Singapore, Cambodia and Myanmar.
Profit before tax for its FI data business increased 10% y-o-y to $15.1 million in FY2024.
Meanwhile, CBA&rsquo s non-FI data business counts more than 6,000 enterprise customers in Singapore and Malaysia, and the company has access to a database of more than 580 million business records globally.
Credit Bureau Asia says its non-FI data business &ldquo continues to expand and increase market penetration&rdquo . Revenue contributions from the Singapore and Malaysia markets, compared to the rest of the world, are $17.9 million and $14.7 million respectively.
Within this segment, customers can access business information and risk management services, sales and marketing solutions, commercial insights and other services, using data sourced from a variety of publicly accessible registries and Dun & Bradstreet&rsquo s international network and data contributed by businesses that subscribe to Credit Bureau Asia&rsquo s payment bureau services.
Credit Bureau Asia&rsquo s collaboration with the US-headquartered commercial data analytics firm Dun & Bradstreet was renewed for another five years with effect from Jan 1, 2024 for Dun & Bradstreet Singapore and Dun & Bradstreet Malaysia.
This &ldquo symbiotic relationship&rdquo with Dun & Bradstreet began 25 years ago, says the company. Credit Bureau Asia is now the market leader in commercial credit and risk information in Singapore and Malaysia with a global reach through the Dun & Bradstreet Worldwide Network.
Profit before tax for Credit Bureau Asia&rsquo s non-FI data business, which also includes Singapore Commercial Credit Bureau, increased 19% y-o-y to $15.4 million in FY2024.
&ldquo Meanwhile, the group continues to explore acquiring growing businesses in the region to expand our footprint. Further announcements will be made at the appropriate time,&rdquo reads Credit Bureau Asia&rsquo s announcement.
Credit Bureau Asia is one of The Edge Singapore&rsquo s 12 stock picks from the Singapore Exchange for 2025.
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Joelton
Supreme |
24-Jan-2025 10:41
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Our 2025 picks: Credit Bureau Asia &mdash Steady growth banking on niche offering
Shares in Credit Bureau Asia (CBA) have risen more than 40% since late September 2024, but this was not due to its results for 1HFY2024 ended June 30, 2024, which were released more than a month earlier, on Aug 7, 2024.
This means investors looked past CBA&rsquo s 12% higher revenue, 21% higher net profit before tax and 25% higher patmi during the six-month period.
It also means investors looked past the credit and risk information solutions provider&rsquo s interim dividend of 2 cents per share for 1HFY2024. Until the release of its FY2023 results on Feb 26, 2024, CBA had paid out dividends of 1.7 cents per share every six months since its IPO in December 2020.
Since then, CBA&rsquo s bourse filings have not been market-moving. It reported on Aug 7, 2024, that it was featured in Forbes&rsquo &ldquo Best under a Billion list of 200 small- and mid-sized publicly-traded companies with sales under US$1 billion&rdquo &mdash one of seven Singapore firms on the list.
On Aug 12, 2024, the company disclosed that lead independent director Chua Kee Lock, who is also CEO of Vertex Venture Holdings and independent non-executive director of Venture Corporation , had acquired 100,000 ordinary shares for $89,000 that day, up from zero shares before.
On Sept 26, 2024, the company announced a change in company secretaries. Its shares began climbing after that weekend, on Sept 30, 2024. The company again replaced its company secretary on Jan 20.
CBA, together with its joint ventures, is currently the dominant market leader in Singapore&rsquo s financial institution (FI) data business and the sole market player in Cambodia and Myanmar, with more than 245 FI members across the three countries as of the end of 2023. CBA&rsquo s non-FI data business counts more than 6,000 enterprise customers in Singapore and Malaysia, and the company has access to a database of more than 500 million business records globally.
CGS International (CGSI) Research &mdash the only research house with a rating on CBA &mdash issued a positive note on Aug 13, 2024. With 1HFY2024 patmi &ldquo above expectations&rdquo , CGSI analyst Andrea Choong kept her &ldquo add&rdquo call with a higher target price of $1.30, up from $1.20 previously.
Compared to the dividend yield of 4.25% for FY2023, Choong thinks CBA will pay out more dividends when it releases its results for FY2024 in late February. She forecasts a dividend yield of 5.15% for FY2024.
Some investors have pointed out that CBA&rsquo s shares are largely held by insiders, and they believe this means the company&rsquo s leaders have &ldquo skin in the game&rdquo .
As of March 8, 2024, Kevin Koo, the founder, executive chairman and CEO of CBA, holds 64% of the shares executive director William Lim, meanwhile, has 6.2%. The public holds approximately 24.9% of the issued and paid-up ordinary shares of the company.
Despite not issuing a rating or target price, Gerald Wong, CEO of investment advisory platform Beansprout, issued a glowing report on CBA on Dec 29, 2024. CBA is &ldquo tapping on attractive market opportunities in the region&rdquo , Wong writes. &ldquo The expansion of products and services offerings by the digital banks in Singapore, all of which are members of CBA, also contributed to growth in its FI business.&rdquo
CBA is also targeting regional expansion. In August 2021, CBA signed a MOU with FiinGroup JSC to form a joint venture in Vietnam to provide analytics and data solutions to financial institutions, credit-granting agencies, payment services agencies and other data companies and to explore establishing a private credit bureau supporting credit granting financial and non-financial institutions in Vietnam.
In April 2023, CBA announced that it had signed an MOU with China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity Administration Bureau to explore cross-border credit bureau cooperation.
More importantly, CBA trades at a discount to global peers, says Wong, with a trailing P/E of 24.6 times.
Internationally, publicly-listed companies with a similar business model of providing credit information include US-listed Equifax and Transunion and the UK-listed Experian these international peers trade at a P/E range of 34 to 82 times. &ldquo Given the unique and market leading position of CBA in the region, there are no directly comparable companies listed on the SGX,&rdquo says Wong.
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civicavantae
Member |
13-Sep-2024 11:27
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Why it is dropping? Can anyone advise? Thanks. |
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Joelton
Supreme |
19-Aug-2024 08:21
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Credit Bureau Asia
On Aug 12, Credit Bureau Asia : TCU 0%&rsquo s lead independent director Chua Kee Lock acquired 100,000 shares at an average price of S$0.896 per share. This was his first acquisition on the open market in the South-east Asia-focused credit and risk information solutions provider, which took his direct interest to 0.04 per cent.
Chua is also the group president and CEO of Vertex Venture Holdings. Additionally, he holds a directorship at Venture Corporation. His tenure at the Vertex group of companies was preceded by his role as president and executive director of Biosensors International Group from 2006 to 2008.
Credit Bureau Asia&rsquo s H1 FY2024 revenue increased 12.2 per cent from H1 FY2023, to S$29.6 million, while its net profit before tax saw 21.2 per cent growth, reaching S$15.9 million. The growth was attributed to the robust performance of the group&rsquo s two core businesses, namely the financial institution (FI) data business and the non-FI data business, with the latter covering both consumer and commercial credit risk information.
The group observed that digital banks in Singapore are broadening their offerings, which has been beneficial for Credit Bureau Singapore due to increased customer acquisition and monitoring activities.
Additionally, Credit Bureau Cambodia&rsquo s revenue is growing alongside Cambodia&rsquo s economic expansion, as the firm broadens its business services. The group also noted that Myanmar Credit Bureau has resumed full operations, is showing significant financial improvement and is anticipated to positively impact the group&rsquo s financial performance soon.
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Everyday
Elite |
26-Feb-2024 00:42
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Credit Bureau Asia delivered double digit revenue and profit growth in FY2023. Final dividend increases 18% compared to same period last year. FY2023 Revenue grew 11% to S$54.2 million FY2023 Net Profit Before Tax grew 17% to S$26.7 million FY2023 PATMI grew 17% to S$9.8 million Recommending a final dividend of 2.0 Singapore cents per share, an increase of 18% over the same period last year. https://links.sgx.com/1.0.0/corporate-announcements/L9UAPCIUJ8PXJAXO/261c03084aab3df219492c0dd0fb77571a701c59316a14d66bbb2a245a3b9920 |
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Joelton
Supreme |
08-Aug-2023 13:19
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civicavantae
Member |
28-Jul-2023 16:46
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Why this counter dont really go up? |
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Joelton
Supreme |
19-Apr-2023 11:59
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DBS initiates coverage on Credit Bureau Asia with &lsquo hold&rsquo S$1.02 target price
DBS Group Research has initiated coverage on Credit Bureau Asia : TCU 0% (CBA) with a &ldquo hold&rdquo call, noting limited upside to the company&rsquo s share price despite its defensive business model and strong dividend yields.
Based on a two-stage dividend growth model, the target price of S$1.02 implies a forecasted growth in dividend per share from 3.6 Singapore cents in FY2023, to 4.7 Singapore cents in FY2026.
This is followed by a &ldquo sustainable dividend growth rate&rdquo of 2 per cent from FY2026 onwards, said DBS analysts in a report on Tuesday (Apr 18).
Highlighting CBA as a &ldquo leading player&rdquo in Asean&rsquo s credit risk and information solutions industry, DBS is forecasting CBA&rsquo s earnings to rise steadily at a compound annual growth rate of 10 per cent by FY2025.
&ldquo We like the group&rsquo s defensive business model, as we see resilient demand for CBA&rsquo s products across different economic cycles (even during the Covid-19 pandemic),&rdquo the analysts said.
They also project a dividend yield of 3.7 per cent for FY2023, which is one standard deviation higher than historical dividend yields.
CBA&rsquo s strategic expansion plans, or earnings and dividend surprises may catalyse an upward rerating of the stock, they added.
However, the analysts acknowledge potential headwinds from rising government yields, as they observe an inverse relationship between CBA&rsquo s share price and the Monetary Authority of Singapore&rsquo s 10-year bond yields.
This means a rising yield environment may see investors channelling capital into other assets instead.
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Joelton
Supreme |
24-Feb-2023 10:09
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Credit Bureau Asia reports 7.2% higher FY2022 earnings of $8.4 mil on higher revenue
Credit Bureau Asia (CBA) TCU 0.00% has reported earnings of $4.4 million for the 2HFY2022 ended Dec 31, 2022, 12.7% higher than earnings of $3.9 million in the corresponding period the year before.
This brings CBA&rsquo s earnings for the FY2022 to $8.4 million, up 7.2% y-o-y.
During the 2HFY2022, revenue increased by 8.8% y-o-y to $25.2 million as revenue from both its financial institution (FI) data business and non-FI data business grew during the period.
Revenue from the FI data business for the six-month period mainly grew due to the higher sale of reports. That was, in turn, mainly attributable to the increase in quantity of new credit application reports and bulk review reports sold to bureau members. Revenue from scoring products also grew. The higher revenue from the FI data business was offset by the decline in the business&rsquo other revenue as a result of less customised product revenue from CBA data solutions.
Revenue from CBA&rsquo s non-FI data business grew as the business&rsquo global credit risk management solutions revenue and revenue from the sale of reports from the Singapore Commercial Credit Bureau and other bureaus increased. Revenue from other auxiliary services, being sales and marketing solutions, receivables management, and other revenue also grew. Meanwhile, the business&rsquo collection revenue remained &ldquo relatively stable&rdquo .
FY2022 profit before tax increased by 5.3% y-o-y to $22.9 million.
&ldquo All key business units delivered revenue and profit growth riding on the opening of global economies, and we ended the year with a strong finish,&rdquo says Kevin Koo, founder and CBA&rsquo s executive chairman.
For the period, the board is recommending a final dividend of 1.7 cents per share, bringing CBA&rsquo s full-year dividend to 3.4 cents. The final dividend will be paid out on May 19.
&ldquo With Covid-19 becoming endemic, we are well positioned to capitalize from the resumption of economic activities across the globe,&rdquo notes Koo.
As at Dec 31, 2022, cash and cash equivalents stood at $34.7 million.
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Everyday
Elite |
23-Feb-2023 22:18
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All Credit Bureau Asia&rsquo s operating entities delivered positive growth in FY2022. Final dividend of 1.70 Singapore cents, bringing full year dividend to 3.40 Singapore cents. FY2022 Revenue grew 7% to S$ 48.6 million FY2022 Net Profit Before Tax grew 5% to S$22.9 million FY2022 PATMI grew 7% to S$8.4 million Recommending a final dividend of 1.70 Singapore cent per share, bringing the full dividend for FY2022 to 3.40 Singapore cents per share. https://links.sgx.com/FileOpen/CBA%20FY2022%20Results%20Media%20Release.ashx?App=Announcement& FileID=747578 |
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