SGX Listed Stock

DATAPULSE TECHNOLOGY LIMITED (SGX:BKW)


SGD 0.270
0.000 / 0.00%
Share Price as of: 2018-12-14 17:06
Market / ISIN Code: SGX Mainboard / SG1CB7000003
GICS® Sector / Industry Group / Industry: Information Technology / Technology Hardware & Equipment / Technology Hardware, Storage and Peripherals


Datapulse Technology Blogger ArticlesDATAPULSE TECHNOLOGY LIMITED Blogger Articles SGX Listed DATAPULSE TECHNOLOGY LIMITED (SGX:BKW) Blogger Articles BKW.SI Blogger Articles
Governance For Stakeholders
Mak Yuen Teen
2018-12-13 17:06:56
Is Corporate Governance in Singapore on a Downward Trajectory?
By Mak Yuen Teen On December 5, the Asian Corporate Governance Association (ACGA) released the 2018 edition of the CG Watch which covers twelve Asian markets. The report includes a “top-down” market survey undertaken by ACGA and a “bottom-up” environmental, social and governance (ESG) survey of companies by CLSA. In this commentary, I will focus on the ACGA market survey. This survey now uses seven categories that are broadly based on the different stakeholders in the corporate governance ecosystem. They are “Government and public governance”, “Regulators”, “CG rules”, “Listed companies“, “Investors”, “Auditors and audit regulators”, and “Civil Society and media”. The “Regulators” category is further divided into “Funding, capacity building, regula
Governance For Stakeholders
Mak Yuen Teen
2018-11-23 13:33:56
Annus horribilis for minority shareholders
By Mak Yuen Teen It’s still a bit early but let’s see how 2018 has gone so far for minority investors on SGX. In my opinion, it has been a horrible year so far. Thankfully, I am only a small shareholder in a handful of companies, sometimes becoming one so that I can attend shareholder meetings as a proper shareholder to ask questions. But for many others, they may not be quite so lucky. Let’s consider the lowlights for the year. There has been another spate of scandals involving S-chips, with Midas Holdings arguably the biggest of them all, but certainly not alone. Some have been cases of further escalation of problems that had already started to appear before the year. However, no doubt at all, there has been yet another wave of S-chip scandals. All scandals are terribl
Governance For Stakeholders
Mak Yuen Teen
2018-11-20 20:34:09
Corporate Governance At A Crossroads
Published in The Business Times on 20 November, 2018 By Mak Yuen Teen IN AUGUST, the Monetary Authority of Singapore (MAS) issued the fourth edition of the Code of Corporate Governance for Singapore, after an extensive consultation of changes proposed by the Corporate Governance Council (CGC). Since the Code was first introduced in 2001, there has been a continual enhancement in standards in areas such as board composition, risk management, and engagement with shareholders and stakeholders. Whether there has been an overall improvement in substance is more debatable. For this latest review, certain core corporate governance guidelines have been hard-coded in the listing rules. The “comply or explain” approach has been enhanced not only by making compliance with the principles m
Governance For Stakeholders
Mak Yuen Teen
2018-11-17 08:43:43
Directors and others responsible must be accountable for their actions
By Mak Yuen Teen In the Business Times report “Datapulse shareholders grill board on potential haircut over Wayco sale” (17 November, 2018), I was quoted as saying:  “We want to move forward, but I am also a strong believer in accountability….If the board wants to move forward, I would like to strongly urge the board to review whether there’s any basis for legal action against any (past) directors.” The report mentioned that I was referring to the potential $200,000 loss on the Wayco deal. It is not just the difference between the original purchase price and the “buyback” price that I was referring to. In one of the questions that I had posted before the AGM, this is what I wrote: “Can the board let shareholders know if it intends to
The Motley Fool Singapore
Sudhan P.
2018-11-16 12:40:14
Here Are Some of the Cheapest Stocks in Singapore’s Stock Market Currently
In a recent article here, we saw that there were 108 net-net stocks, as of 15 November 2018. To understand what a net-net stock is, you can head here. In this article, let’s look at 20 of those cheapest stocks sorted out according to the following two lists: 1) The 10 net-net stocks with the largest market capitalisations; and 2) The 10 largest net-net stocks that have positive net income over the last 12 months, as well as more cash than debt on their balance sheets. Here are the 10 stocks on the first list: UOB-Kay Hian Holdings Limited (SGX: U10), Hong Leong Asia Ltd (SGX: H22), Kingboard Copper Foil Holdings Limited (SGX: K14), Sino Grandness Food Industry Group Ltd (SGX: T4B), Cortina Holdings Limited (SGX: C41), YHI International Ltd (SGX: BPF), Hanwell Holdings Ltd (SGX: DM0),
Governance For Stakeholders
Mak Yuen Teen
2018-11-15 08:00:09
“Inadvertent Omissions” Another Blot On Our Disclosure-Based Regime
By Mak Yuen Teen In December last year and January this year, I wrote about the incorrect disclosures made by Low Beng Tin when he was appointed as a director at Datapulse Technology in December 2017, at Fuji Offset Plates Manufacturing in May 2017 and at Lian Beng Group in July 2015. These incorrect disclosures have to do with regulatory actions/petition for winding up or dissolution for companies where Mr Low was a director. The companies subsequently issued a “clarification” or “corrigendum” attributing the incorrect disclosures to “inadvertent omissions”. Datapulse had to issue two separate announcements, after failing to correct an error in the first “clarification” announcement. Directors should be responsible for ensuring that information provided when they are appoi
Governance For Stakeholders
Mak Yuen Teen
2018-11-15 07:24:06
Datapulse Technology 2018 AGM: Questions and Views on the Resolutions
By Mak Yuen Teen On 16 November, Datapulse Technology (DT) will hold its 2018 AGM. Immediately after the AGM, there will be a new board in place consisting of the three recently-appointed directors who are standing for election –  the current chairman and non-executive, non-independent director Aw Cheow Huat (ACH), Sin Boon Ann (SBA) and Loo Cheng Guan (LCG). Three directors who are currently on the board – Low Beng Tin (LBT), Ng Der Sian (NDS) and Rainer Teo Jia Kai (TJK) – will be retiring and not stand for re-election. The retiring directors were responsible for the questionable acquisition of Wayco Manufacturing (Wayco)  and the diversification into the hair care business, and therefore I am pleased that they are stepping down. However, has DT truly put its recent questiona
Governance For Stakeholders
Mak Yuen Teen
2018-10-29 11:40:44
Is our corporate governance ecosystem on life support?
By Mak Yuen Teen A few days ago, when I was in the US and on my way back, I received several missed calls and finally messages from someone who said there was a problematic company which I may be interested in writing about. I replied “Very busy and too many problem companies at the moment to write about”. When he persisted, I said: “I have almost given up on SGX. I think it’s pretty hopeless now. Investors should just quit investing here except in larger companies unless the regulators really step up. Look at what the regulators have done in the many companies I have written about.” Copyright for cartoon belongs to Mak Yuen Teen How I reacted to the messages was not the result of jet lag. Lately, I have found myself having to apologise to investors who have
The Motley Fool Singapore
Sudhan P.
2018-10-15 11:42:38
A Look at Some of the Cheapest Stocks in Singapore’s Stock Market Currently
In a previous article here, we saw that there were 107 net-net stocks, as of 12 October 2018. To know what a net-net stock is, you can click here. In this article, let’s look at 20 of those cheapest stocks sorted out according to the following two lists: 1) The 10 net-net stocks with the largest market capitalisations; and 2) The 10 largest net-net stocks that have positive net income over the last 12 months, as well as more cash than debt on their balance sheets. Here are the 10 stocks in the first list: UOB-Kay Hian Holdings Limited (SGX: U10), Hong Leong Asia Ltd (SGX: H22), Sino Grandness Food Industry Group Ltd (SGX: T4B), Cortina Holdings Limited (SGX: C41), SLB Development Ltd (SGX: 1J0), Hanwell Holdings Ltd (SGX: DM0), YHI International Ltd (SGX: BPF), Nam Lee Pressed Metal
Governance For Stakeholders
Mak Yuen Teen
2018-09-29 07:18:24
Datapulse’s compliance review: a big letdown
By Mak Yuen Teen In this year’s World Cup, Germany was knocked out at the group stages. This was one of the biggest shocks of all time, since Germany were the champions just four years earlier and one of the best teams in history. In response to the shock, the German Football Federation decided to undertake a review of what went wrong. It decided to go back to the first World Cup held in 1930 and concluded that nothing much was wrong since Germany had won four World Cups. This, of course, is not what Germany would do. However, this was essentially what Datapulse Technology decided to do when it was issued a Notice of Compliance (NOC) by SGX Regco on 23 February this year. The NOC was in response to numerous issues involving the company especially since November 2017, with some dating bac
The Motley Fool Singapore
Sudhan P.
2018-09-17 10:15:44
Here Are Some of the Cheapest Stocks in Singapore’s Stock Market Right Now
In a previous article here, we saw that there were 105 net-net stocks, as of 13 September 2018. To know what a net-net stock is, you can jump in here. Now, let’s look at 20 of those cheapest stocks sorted out according to the following two lists: 1) The 10 net-net stocks with the largest market capitalisations; and 2) The 10 largest net-net stocks that have positive net income over the last 12 months, as well as more cash than debt on their balance sheets. Here are the 10 stocks in the first list: UOB-Kay Hian Holdings Limited (SGX: U10), Hong Leong Asia Ltd (SGX: H22), Sino Grandness Food Industry Group Ltd (SGX: T4B), Cortina Holdings Limited (SGX: C41), Hanwell Holdings Ltd (SGX: DM0), YHI International Ltd (SGX: BPF), Sinostar PEC Holdings Limited (SGX: C9Q), Nam Lee Pressed Meta
Governance For Stakeholders
Mak Yuen Teen
2018-09-10 21:59:45
A Nightmare on Shenton Way
By Mak Yuen Teen On March 1, 2018, YuuZoo Corporation (YuuZoo) (now called YuuZoo Networks Group) announced its 2017 4Q and full year results. Included in  “other income” was a head-scratching gain of nearly $8 million from the “bargain purchase of assets” for YuuLog France. Four days later, SGX issued a list of queries and a notice of compliance relating to its results, including about this gain from the bargain purchase. The notice of compliance required the company to engage its statutory auditors, RT LLP, to provide an opinion on, inter alia, the “other income” of $8 million. On May 22, the company announced that after discussions with the auditors, “other income” had been reduced to $7 million. No explanation needed – perhaps it was just a $1 m





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