Evidence library · Singapore · Cybersecurity and IT distribution
Multi-Chem distributes cybersecurity, network-performance and related IT products through M.Tech companies, with maintenance, professional-services and training activity alongside distribution.
Public evidence is available below. The authenticated private research library contains a release-state record and any future source-bound research materials; it currently carries no rating, valuation, forecast or recommendation.
Multi-Chem sells third-party IT security and network products through resellers, while also providing maintenance, professional services and certified training.
FY2025 revenue was about S$654m and profit after tax about S$26m; 1H2026 revenue was about S$346m and profit after tax about S$15m.
The central risk is that the distributor must collect receivables before vendor, support and dividend commitments absorb cash, while the investigation scope and effect remain unverified.
The next test is FY2026 results, further CPIB announcements, and changes in receivables, payables, provisions and the India tax matters.
Business anatomy · from inputs to customer value
Multi-Chem distributes third-party hardware and software through resellers; the physical scenes illustrate only the hardware side of a wider product mix.
Follow the operating chain from demand or inputs to customer outcome and cash.
Product deliveredProduct delivery
What happensThird-party security and network hardware or software is supplied to the channel for a customer deployment.
Who paysThe reseller pays under the distribution contract.
Recurring serviceTechnical support
What happensMaintenance and professional-service teams support deployed technology when the customer requires specialist help.
Revenue driverSupport work can create service revenue alongside product sales.
Route to marketReseller channel
What happensA reseller installs the supplied technology for an end user and manages the customer relationship.
Revenue triggerChannel execution connects product delivery to end-user demand.
Investor translation
Four questions connect the business model to cash and balance-sheet risk. This is a factual reading aid, not a valuation or recommendation.
The live questionCan reported profit and revenue growth convert into cash after dividends, receivables, support obligations and vendor payables?In 1H2026 operating cash generated was S$10.683m while dividends paid were S$18.019m, and the ARMC said it could not verify the information communicated to it about the CPIB matter.
1H2026 revenue rose 15.1% to S$346.434m and profit after tax rose to S$15.016m, while cash and cash equivalents were S$89.294m at 30 June 2026.
Gross trade receivables were S$223.577m at 30 June 2026, the technical-support provision rose to S$29.787m, and non-current trade payables were S$40.106m.
Higher customer demand and significant transactions may explain the first-half revenue gain, while reported cash and payables movements can reflect timing rather than a settled change in underlying economics.
FY2026 results and subsequent issuer disclosures should show collections, loss allowances, technical-support provision movements, vendor-payable maturity and any further CPIB information.
Drawn from the evidence on this page: the improvement, the constraint, the benign reading and the fact that would settle it. It states no view on the shares.
Private working materials are not published or available for sharing. This public page contains factual evidence and open questions only. Private research status records that no current decision authority is available.
Multi-Chem describes IT Distribution as its main business. M.Tech companies distribute third-party cybersecurity, network-performance and related IT hardware and software, with maintenance, professional services and certified IT training alongside distribution. All currency figures in this page are Singapore dollars unless stated otherwise.
Who are its customers? The FY2025 annual report describes a channel from technology vendors through M.Tech and reseller partners to end-users, including Fortune 500 companies and small and medium-sized enterprises. A reseller purchases products for onward sale; an end-user uses them. The report also lists end-users among its customers, so the reseller route is not the only relationship shown.
Why use a distributor? A reseller needs more than access to a product catalogue. Multi-Chem reports on-site sales, marketing and technical support for reseller partners, plus deployment, software upgrades and certified training. Its India operation gives concrete examples: help designing a solution, demonstration equipment, proof-of-concept testing, pre- and post-sales support and flexible billing options. The Group also reports credit sales to resellers, which provide payment time while exposing Multi-Chem to collection risk.
The commercial rationale is that a reseller can draw on M.Tech’s specialists and local support rather than build every capability itself, while a vendor can reach and support customers through an established partner network. This is an interpretation of the disclosed activities, not evidence that the channel is always cheaper or indispensable. Direct procurement depends on the vendor’s arrangements and the customer’s needs; the report does not establish that all purchases must pass through M.Tech. Multi-Chem itself identifies reliance on key vendors’ channel strategies as a business risk.
The FY2025 annual report presents both the IT Distribution and PCB-related activities. PCB revenue was S$425,000 in FY2025, compared with S$1.6m in FY2024. The annual report attributes the decline to the 2025 factory closure and the earlier disposal of mechanical drilling machines. This residual means the FY2025 reporting perimeter was not simply a single operating line.
Sources: FY2025 annual report, pp. 5, 9, 14, 22, 52 and 54 · M.Tech India: partner services (accessed 21 September 2026)
FY2025 revenue was S$653.9m, down 4.4% from S$683.7m in FY2024. Profit before tax was S$33.0m and profit after tax was S$26.4m. The annual report attributes the lower revenue mainly to sales volume and US-dollar translation, and describes lower gross profit, higher inventory-obsolescence allowance and higher finance costs among the factors affecting profit.
In 1H2026, revenue rose 15.1% to S$346.4m and gross profit rose to S$49.0m from S$44.4m. Gross profit as a share of revenue was 14.15%, compared with 14.77% in 1H2025. Profit after tax rose 5.6% to S$15.0m: management cites higher gross profit and lower net foreign-exchange loss, partly offset by costs, while income tax rose to S$4.381m from S$2.842m.
Sources: FY2025 annual report, pp. 11–12 · 1H2026 results announcement, pp. 2 and 19–20
The two tables collect the reported annual and half-year financial lines used elsewhere on this page. They are presented as reported figures, without a forecast or valuation.
| Metric | FY2024 | FY2025 | 1H2025 | 1H2026 |
|---|---|---|---|---|
| Revenue | 683.7 | 653.9 | 301.0 | 346.4 |
| Gross profit | — | — | 44.4 | 49.0 |
| Profit before tax | 38.8 | 33.0 | 17.1 | 19.4 |
| Profit after tax | 30.8 | 26.4 | 14.2 | 15.0 |
| Income tax | — | — | 2.842 | 4.381 |
| Metric | 31 Dec 2025 | 30 Jun 2026 |
|---|---|---|
| Gross cash and bank balances | 99.494 | 89.341 |
| Cash and cash equivalents | 99.445 | 89.294 |
| Pledged fixed deposits | 0.049 | 0.047 |
| Operating cash generated, 1H2026 | — | 10.683 |
| Dividends paid, 1H2026 | — | 18.019 |
Sources: FY2025 annual report · 1H2026 results announcement
At 30 June 2026, gross cash and bank balances were S$89.341m, comprising S$2.932m of fixed deposits and S$86.409m of cash and bank balances. Deducting S$47,000 of pledged fixed deposits gives S$89.294m of cash and cash equivalents in the consolidated cash-flow statement.
For 1H2026, net cash generated from operating activities was S$10.683m and dividends paid to owners were S$18.019m. The issuer says the period-on-period decrease in group cash and cash equivalents was mainly due to dividends paid, net of cash generated from operations. This compares two reported half-year cash-flow lines; it does not establish a recurring run rate.
Sources: FY2025 annual report, p.157 · 1H2026 results announcement, pp.5–6 and 21
At 31 December 2025, third-party trade receivables were S$193.484m after a S$4.923m loss allowance. The auditor identified expected credit losses on third-party trade receivables as a key audit matter. At 30 June 2026, gross trade receivables were S$223.577m and the loss allowance was S$3.928m; the half-year statement reports an S$831,000 reversal of allowance on third-party trade receivables and contract assets.
The post-sales technical-support provision was S$26.840m at 31 December 2025 and S$29.787m at 30 June 2026. The annual report says its separate presentation was a reclassification from accrued operating expenses, but it also reports S$26.504m of FY2025 provisions made and S$24.022m utilised. The reclassification therefore does not mean that the whole reported balance arose without FY2025 obligation movements.
The annual report describes non-current vendor payables arising from revenue contracts with a significant financing component. They were S$21.718m at 31 December 2025, due within two to six years; finance costs included S$3.497m of interest accretion on non-current payables. Non-current trade payables were S$40.106m at 30 June 2026.
Sources: FY2025 annual report, pp.111, 158, 164 and 179 · 1H2026 results announcement, pp.15–17
The Group’s capital-management disclosure gives net debt of S$74.252m at 31 December 2025: trade and other payables of S$172.305m plus lease liabilities of S$1.441m less cash and bank balances of S$99.494m. The reported gearing ratio is 33%, calculated against net debt plus equity. This is the issuer’s own definition; it includes all trade and other payables and is not a conventional bank-borrowing net-debt ratio.
The 1H2026 borrowing note shows no secured or unsecured bank borrowings repayable within one year or after one year at 30 June 2026 or 31 December 2025. Interest income in the reported results should not be read simply as cash yield: the notes also include financing effects, while finance costs include accretion on the non-current payables.
Sources: FY2025 annual report, pp. 179 and 207 · 1H2026 results announcement, p.17
The Company-level statement at 30 June 2026 shows S$2.574m of fixed deposits and S$1.121m of cash and bank balances, totalling S$3.695m. At 31 December 2025, Company cash and bank balances were S$20.293m. Management attributes the Company-level decrease mainly to dividends paid.
Company trade and other receivables were S$67.328m at 30 June 2026, compared with S$36.371m at 31 December 2025. Management says the increase was mainly due to dividend receivables and expenses recharged to subsidiaries. The annual report separately says S$4.505m of cash held with PRC subsidiaries at year-end was subject to local exchange-control regulations on capital export other than through dividends.
Sources: 1H2026 results announcement, pp.4 and 21 · FY2025 annual report, pp.140 and 157
The annual report discloses two tax matters involving M.Tech Solutions (India) Pvt. Ltd. One is a Cenvat Credit order for INR48,678,500, about S$677,000 including interest and penalty. The other is a customs demand for INR624,265,404, about S$8.677m, involving classification and valuation of imported products. The subsidiary filed writ petitions concerning both matters with the High Court of Karnataka.
The report says the legal adviser considered the company to have a strong case on merits, based partly on past rulings for similar issues, and that both petitions remained pending. These reported matters are not linked by the documents used here to the September CPIB announcement.
Sources: FY2025 annual report, p.186
The FY2023 annual report carried a qualified audit opinion over S$2.137m of marketing and promotional payment made through two employees to an employee of a vendor. The auditor said sufficient appropriate audit evidence had not been obtained over the commercial substance and business purpose of the payment.
The FY2024 annual report describes the inquiry results announced on 20 December 2024. The Company reported that, on the balance of probabilities, the payment was bona fide and that the inquiry made no finding of lack of probity, personal gain, wrongful benefit or financial loss; it recommended anti-fraud, marketing and standard-operating-procedure controls, which management was reviewing for implementation at the financial-statement date. The FY2024 and FY2025 audit opinions were unmodified. The September 2026 announcement does not identify whether its matter concerns those same transactions.
Sources: FY2023 annual report, PDF p.105 · FY2024 annual report, PDF p.211 · FY2025 annual report, independent auditor’s report
The Audit and Risk Management Committee said on 17 September 2026 that it had been informed by the Group COO that the CEO and COO had been interviewed by CPIB, asked to provide bail, and to surrender passports and mobile phones. It said two senior sales employees had also been interviewed. The Committee said it did not know whether those employees had been asked to surrender passports or mobile phones.
The Committee also said CPIB attended Group premises and required accounts from an earlier year to date, employee and vendor-related claims documents, and an agreement with the same vendor. It stated that it was not directly privy to the ongoing matter, could not verify the communicated information, and was seeking further information. The FY2025 annual report contains an unmodified auditor’s opinion; the half-year figures were neither audited nor reviewed.
Sources: CPIB-related exchange announcement, p.1 · FY2025 annual report, independent auditor’s report · 1H2026 results announcement, p.25
This is a 36-month record of Multi-Chem's dividend-adjusted share-price history, the Straits Times Index control and the selected issuer filings that carried information. It records what the price did; it does not infer a cause from proximity to a filing.
Large moves were detected mechanically before being matched to issuer filings. The table retains all 19 detected moves. The residual is the move less the Straits Times Index return. A suitable same-session sector series was not established for this exhibit, so no sector control is asserted. The issuer's 145-row official tape was enumerated; broker research, block trades, index reviews, customer news and trade press were not examined.
Key: Multi-Chem Limited (AWZ) as a solid line; Straits Times Index rebased, dashed; filing ticks above the axis; ex-dividend ticks on it; numbered pins are moves with a written note; plain dots are other detected moves.
How to read the tags. For this exhibit, Residual means the move remains large after the Straits Times Index return is subtracted. A suitable same-session sector series was not established for this exhibit, so no sector subtraction is made. A residual is what is left over, not a cause: it does not establish that the company’s own news moved the price. A filing after the 09:00 Singapore market open is read against the next session.
No selected filing carrying information this quarter.
No session cleared the large-move threshold this quarter.
No selected filing carrying information this quarter.
No announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.
Peer control unavailable: only same-date US peers were available, which would introduce look-ahead.Register row 1Full-yearly results filing.
Selected from the enumerated official issuer tape. The filing is shown as a dated public fact; the exhibit does not treat timing alone as price causation.
Released Reaction (next session, 26 Feb): AWZ +8.2% · STI −0.4% · 55.9× median volumeSource: SGX announcement FS2L8OZ7SHCYHSPLMaterial/nonroutine official filing.
Selected from the enumerated official issuer tape. The filing is shown as a dated public fact; the exhibit does not treat timing alone as price causation.
Released Reaction (next session, 29 Feb): AWZ +4.8% · STI +0.1% · 5.7× median volumeSource: SGX announcement 4P5GV3QK4QNB3KRETrading halt request.
Selected from the enumerated official issuer tape. The filing is shown as a dated public fact; the exhibit does not treat timing alone as price causation.
Released Reaction (same session): AWZ +0.0% · STI +1.3%Source: SGX announcement A3U7M71H5165ZJSKNo announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.
Peer control unavailable: only same-date US peers were available, which would introduce look-ahead.Register row 2No announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.
Peer control unavailable: only same-date US peers were available, which would introduce look-ahead.Register row 3No announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.
Peer control unavailable: only same-date US peers were available, which would introduce look-ahead.Register row 4No announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.
Peer control unavailable: only same-date US peers were available, which would introduce look-ahead.Register row 5No selected filing carrying information this quarter.
No announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.
Peer control unavailable: only same-date US peers were available, which would introduce look-ahead.Register row 6No announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.
Peer control unavailable: only same-date US peers were available, which would introduce look-ahead.Register row 7No announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.
Peer control unavailable: only same-date US peers were available, which would introduce look-ahead.Register row 8No selected filing carrying information this quarter.
No announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.
Peer control unavailable: only same-date US peers were available, which would introduce look-ahead.Register row 9No announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.
Peer control unavailable: only same-date US peers were available, which would introduce look-ahead.Register row 10Independent-inquiry update.
Selected from the enumerated official issuer tape. The filing is shown as a dated public fact; the exhibit does not treat timing alone as price causation.
Released Reaction (next session, 23 Dec): AWZ +0.4% · STI +0.9% · 0.9× median volumeSource: SGX announcement IRT40GPLKDN22NZONo session cleared the large-move threshold this quarter.
Full-yearly results filing.
Selected from the enumerated official issuer tape. The filing is shown as a dated public fact; the exhibit does not treat timing alone as price causation.
Released Reaction (next session, 24 Feb): AWZ +0.3% · STI −0.1% · 4.8× median volumeSource: SGX announcement 0SAD26O181OWRIDMNo session cleared the large-move threshold this quarter.
No selected filing carrying information this quarter.
No announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.
Peer control unavailable: only same-date US peers were available, which would introduce look-ahead.Register row 11No announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.
Peer control unavailable: only same-date US peers were available, which would introduce look-ahead.Register row 12No announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.
Peer control unavailable: only same-date US peers were available, which would introduce look-ahead.Register row 13Half-yearly results filing.
Selected from the enumerated official issuer tape. The filing is shown as a dated public fact; the exhibit does not treat timing alone as price causation.
Released Reaction (next session, 11 Aug): AWZ +1.5% · STI −0.2% · 4.4× median volumeSource: SGX announcement 3VPWMNTPSMP43AFLNo session cleared the large-move threshold this quarter.
No selected filing carrying information this quarter.
No session cleared the large-move threshold this quarter.
Full-yearly results filing.
Selected from the enumerated official issuer tape. The filing is shown as a dated public fact; the exhibit does not treat timing alone as price causation.
Released Reaction (next session, 24 Feb): AWZ +1.7% · STI −0.4% · 20.7× median volumeSource: SGX announcement I0I6IMX1LS78LJ0QNo session cleared the large-move threshold this quarter.
No selected filing carrying information this quarter.
No session cleared the large-move threshold this quarter.
Half-yearly results filing.
Selected from the enumerated official issuer tape. The filing is shown as a dated public fact; the exhibit does not treat timing alone as price causation.
Released Reaction (next session, 12 Aug): AWZ +5.3% · STI −0.6% · 6.5× median volumeSource: SGX announcement 78MQ0V2OD6IAZYG8CPIB-related disclosure.
Selected from the enumerated official issuer tape. The filing is shown as a dated public fact; the exhibit does not treat timing alone as price causation.
Released Reaction (next session, 18 Sep): AWZ −38.7% · STI −0.1% · 90.5× median volumeSource: SGX announcement LIEY2HOJP0K65M62Trading halt lifting request.
Selected from the enumerated official issuer tape. The filing is shown as a dated public fact; the exhibit does not treat timing alone as price causation.
Released Source: SGX announcement BUCSQS8HZ8OPSZJZNo announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.
Peer control unavailable: only same-date US peers were available, which would introduce look-ahead.Register row 14No announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.
Peer control unavailable: only same-date US peers were available, which would introduce look-ahead.Register row 15The 18 September completed-session move followed the 17 September after-close CPIB disclosure and lifting-of-trading-halt request. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.
Peer control unavailable: only same-date US peers were available, which would introduce look-ahead.Register row 16The 18 September completed-session move followed the 17 September after-close CPIB disclosure and lifting-of-trading-halt request. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.
Peer control unavailable: only same-date US peers were available, which would introduce look-ahead.Register row 17No new announced cause is established for the additional 21 September movement. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.
Peer control unavailable: only same-date US peers were available, which would introduce look-ahead.Register row 18No new announced cause is established for the additional 21 September movement. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.
Peer control unavailable: only same-date US peers were available, which would introduce look-ahead.Register row 19Yahoo Finance daily closes for AWZ.SI from 22 September 2023 to 21 September 2026 (754 sessions). Returns and thresholds use the split- and dividend-adjusted series; ex-dividend mechanics are therefore not counted as price moves. The Straits Times Index is the market control. No same-session listed distribution peer set was available, so the exhibit makes no sector-control or company-causation claim.
| # | Session | AWZ | STI | Peers | Left over | Control result | What the evidence supports |
|---|---|---|---|---|---|---|---|
| 1 | 20 Oct 2023 | -7.18% | -0.74% | n/a | -6.44% | Residual | No announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.Peer control unavailable: only same-date US peers were available, which would introduce look-ahead. |
| 2 | 26 Feb 2024 | +8.17% | -0.43% | n/a | +8.61% | Residual | No announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.Peer control unavailable: only same-date US peers were available, which would introduce look-ahead. |
| 3 | week to 1 Mar 2024 | +15.38% | -1.54% | n/a | +16.93% | Residual | No announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.Peer control unavailable: only same-date US peers were available, which would introduce look-ahead. |
| 4 | 26 Mar 2024 | -12.18% | +1.10% | n/a | -13.29% | Residual | No announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.Peer control unavailable: only same-date US peers were available, which would introduce look-ahead. |
| 5 | week to 28 Mar 2024 | -10.92% | +0.19% | n/a | -11.11% | Residual | No announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.Peer control unavailable: only same-date US peers were available, which would introduce look-ahead. |
| 6 | 29 May 2024 | +6.33% | -0.21% | n/a | +6.54% | Residual | No announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.Peer control unavailable: only same-date US peers were available, which would introduce look-ahead. |
| 7 | week to 31 May 2024 | +7.69% | +0.60% | n/a | +7.09% | Residual | No announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.Peer control unavailable: only same-date US peers were available, which would introduce look-ahead. |
| 8 | 19 Jun 2024 | +5.86% | +0.07% | n/a | +5.79% | Residual | No announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.Peer control unavailable: only same-date US peers were available, which would introduce look-ahead. |
| 9 | 22 Jul 2024 | -5.80% | -0.30% | n/a | -5.50% | Residual | No announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.Peer control unavailable: only same-date US peers were available, which would introduce look-ahead. |
| 10 | 31 Jul 2024 | +5.13% | +0.41% | n/a | +4.72% | Residual | No announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.Peer control unavailable: only same-date US peers were available, which would introduce look-ahead. |
| 11 | 7 Apr 2025 | -12.26% | -7.46% | n/a | -4.81% | Residual | No announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.Peer control unavailable: only same-date US peers were available, which would introduce look-ahead. |
| 12 | 10 Apr 2025 | +6.38% | +5.43% | n/a | +0.96% | Residual | No announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.Peer control unavailable: only same-date US peers were available, which would introduce look-ahead. |
| 13 | 25 Jun 2025 | +5.76% | +0.56% | n/a | +5.21% | Residual | No announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.Peer control unavailable: only same-date US peers were available, which would introduce look-ahead. |
| 14 | 12 Aug 2026 | +5.26% | -0.58% | n/a | +5.84% | Residual | No announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.Peer control unavailable: only same-date US peers were available, which would introduce look-ahead. |
| 15 | week to 14 Aug 2026 | +9.90% | +0.79% | n/a | +9.10% | Residual | No announced cause identified in the enumerated issuer tape within the recorded move window. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.Peer control unavailable: only same-date US peers were available, which would introduce look-ahead. |
| 16 | 18 Sep 2026 | -38.71% | -0.08% | n/a | -38.63% | Residual | The 18 September completed-session move followed the 17 September after-close CPIB disclosure and lifting-of-trading-halt request. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.Peer control unavailable: only same-date US peers were available, which would introduce look-ahead. |
| 17 | week to 18 Sep 2026 | -36.97% | -0.70% | n/a | -36.27% | Residual | The 18 September completed-session move followed the 17 September after-close CPIB disclosure and lifting-of-trading-halt request. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.Peer control unavailable: only same-date US peers were available, which would introduce look-ahead. |
| 18 | 21 Sep 2026 | -25.94% | +0.34% | n/a | -26.28% | Residual | No new announced cause is established for the additional 21 September movement. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.Peer control unavailable: only same-date US peers were available, which would introduce look-ahead. |
| 19 | week to 21 Sep 2026 | -25.94% | +0.34% | n/a | -26.28% | Residual | No new announced cause is established for the additional 21 September movement. The Straits Times Index control is shown beside the move; a suitable same-session sector series was not established for this exhibit, so no sector control is asserted.Peer control unavailable: only same-date US peers were available, which would introduce look-ahead. |
The market series is Yahoo Finance daily data for AWZ.SI. Its 18 September 2026 close was cross-checked against a public StockAnalysis historical-price page; the 21 September completed-session close has not been independently cross-checked. The filing record is the issuer's official SGX announcement tape, not a complete third-party news sweep. A 17 September CPIB-related disclosure at 22:49 and the halt lifting request at 22:54 precede the 18 September session; the additional fall on 21 September has no newly established cause in this record.
FY2025 external revenue was S$288.8m in Singapore, S$43.8m in Greater China, S$35.3m in India, S$108.5m in Vietnam and S$177.5m elsewhere. The annual report describes Singapore as 44% of Group revenue. It also identifies one customer contributing about S$81.756m, or 10% or more of Group revenue.
For 1H2026, external revenue was S$148.8m in Singapore, S$14.0m in Greater China, S$19.5m in India, S$60.5m in Vietnam and S$103.7m elsewhere. Geographic mix identifies customer location, rather than proving that all underlying demand or collection risk is in those same places.
Sources: FY2025 annual report, pp.12 and 191 · 1H2026 results announcement, pp.10 and 12
No independent public operating indicator has yet been established for this company. Read the issuer source links below for new disclosures; this section currently sets no numerical alerts.
No independent public operating indicator has been established in this bounded evidence initiation. The SGX issuer filing stream remains the next source to read for collections, technical-support obligations, vendor payables and CPIB-related disclosures; it is issuer disclosure, not an independent indicator or a numerical alert.
Where the primary sources are filed. SGX issuer page for AWZ — announcements, financial statements and annual reports · Multi-Chem corporate site. Exchange portals re-file and purge documents over time; the text above cites each document by name and date so it can be found again. Tables on this page as data: JSON · CSV — the page’s own as-filed and recomputed tables, cell for cell, with their section and caption.
This page uses the FY2023, FY2024 and FY2025 annual reports, the 1H2026 results announcement and the 17 September 2026 CPIB-related announcement. It does not establish an exhaustive filing record, an outcome for the CPIB matter, or a tax-court outcome. The next documents useful for this record are further issuer announcements, FY2026 results, and disclosed movements in cash conversion, receivables, payables, provisions and the India petitions.
Sources: SGX issuer page for AWZ — announcements, financial statements and annual reports · FY2023 annual report · FY2024 annual report · FY2025 annual report · 1H2026 results announcement · CPIB-related exchange announcement
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