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Trek 2000--- the next multi bagger 2014/2015
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Joelton
Supreme |
13-Aug-2026 11:23
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Trek 2000&rsquo s 1HFY2026 earnings surge close to 11 times to US$2.5 mil, declares 0.5 cents interim dividend Trek 2000 (SGX:5AB) has reported earnings of US$2.45 million for 1HFY2026, ended June 30, up by close to 11 times y-o-y. Revenue increased 247.6% y-o-y to US$33.4 million in the same period, driven by higher demand for its solutions amid the artificial intelligence trend, which resulted in increased demand for memory modules in the global market. Trek 2000 states that its Artificial Intelligence of Things (AIoT) business unit continues to be the key revenue contributor, which accounts for 98.3% of revenue in 1HFY2026. Gross profit jumped 776% y-o-y to US$3.5 million as gross profit margin expanded by 6.4 percentage points to 10.6% in 1HFY2026. Trek 2000 explains that the higher gross profit margin was due to strong demand for its solutions in the global market. Trek 2000&rsquo s board of directors has recommended an interim dividend of 0.5 cents per share to reward shareholders for their continued support. As at June 30, Trek 2000 held liquid assets of approximately US$32.0 million, comprising cash and cash equivalents of US$24.4 million and short-term investments of US$7.6 million. These accounts for 90% of its net assets. &ldquo We will continue to invest in AI-enabled technologies, innovative memory solutions and next generation AI applications while expanding our presence in high-growth markets. Through disciplined execution and continued technological innovation, we remain committed to delivering long-term value for our shareholders,&rdquo says Wayne Tan, CEO of Trek 2000. Shares of Trek 2000 closed 0.5 cents lower, or down 1.75% to 28 cents on Aug 12. For the past six months, Trek 2000&rsquo s share price saw a gain of close to 220%. |
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SmallSmall
Supreme |
12-Aug-2026 17:25
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Trek&rsquo s net profit rises to US$2.5 million in 1HFY2026, proposes first dividend in eight years &bull Revenue more than triples to US$33.4 million, up 247.6% year-on-year (&ldquo yoy&rdquo ), and tops the US$19.6 million recorded for the whole of FY2025, on AI-driven demand for the Group&rsquo s memory solutions. &bull Gross profit margin more than doubles to 10.6% from 4.2%, lifting gross profit 776.0% to US$3.5 million as the Group focuses on higher-value projects. &bull The Group remains cautiously optimistic for the next 12 months, with demand continuing to outpace tightrunning ahead of a global memory-chip supply that is expected to stay tight. |
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SmallSmall
Supreme |
05-Aug-2026 14:45
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Blink blink this one has reached 52 weeks high $0.305 ! |
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Joelton
Supreme |
18-Jul-2026 13:27
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Trek 2000 puts legacy issues behind just as AI opportunities emerge Homegrown technology company Trek 2000 International (SGX:5AB) was best known for developing the ThumbDrive, one of the earliest USB flash drives, in the early 2000s. At a time when floppy disks were still the default storage medium, the ThumbDrive&rsquo s larger storage capacity and user-friendliness drove its widespread adoption worldwide. As technology advanced and data storage shifted towards cloud-based solutions, reliance on physical devices such as thumb drives declined. The company also made headlines in 2022 when founder Henn Tan was convicted following a lengthy case involving forged invoices and falsified financial statements during a period of financial difficulty. Since 2018, Henn&rsquo s son Wayne Tan has taken on leadership of the company. He believes Trek 2000 is entering a new era, with the invention of the thumb drive and other past issues becoming part of its legacy rather than defining its future. Today, the company is organised into three main business segments. First, the Artificial Intelligence of Things (AIoT) segment focuses on applications that use memory-based solutions and incorporate AI capabilities. The second business segment focuses on customised solutions, where the company undertakes design projects tailored to customers&rsquo specific needs. Finally, the company applies AI capabilities to solar energy systems. Trek 2000, says Wayne, has been a very research and development (R& D)-focused company. &ldquo We do not develop hardware or solutions from scratch. Instead, we focus on application-based R& D where we integrate different technologies to serve our potential customers,&rdquo he tells The Edge Singapore recently. Following the legal challenges it faced in defending its thumb drive IP against imitators, the company makes it a point to patent the outcomes of its R& D. &ldquo Our patents can range between 15 and 20 years, and we build our patents around the product itself. For example, the patent for a certain design of the thumb drive can last about 20 years, but we also put in new features derived from our R& D efforts and then we could extend the longevity of the patent,&rdquo adds Wayne. With the legacy issues largely settled and renewed investor interest, Trek 2000&rsquo s share price has recovered some momentum. Over the past year, Trek 2000&rsquo s share price has gained 124.8% to 24.5 cents as of July 13. Financially viable AI-related projects Last October, Trek 2000 entered into a strategic partnership with software developer Aboard AI Inc, which specialises in creating AI-powered data management platforms. The partners are co-developing an AI-powered solution for the aviation sector. The solution will combine Trek 2000&rsquo s patented wireless memory technologies and AI avionic solutions, which leverage NAND and dynamic random access memory systems for data-intensive processing and secure transmission, with Aboard AI&rsquo s proprietary artificial intelligence algorithms to compute and analyse real-time flight data. &ldquo We focus a lot on the general aviation industry, which comprises private jets, private airlines and personal aeroplanes. We do not dabble with the commercial airlines given that they possess all the latest technology embedded in their aircraft,&rdquo says Wayne. He adds that the majority of general aviation incidents have been attributed to pilot error therefore, Trek 2000 is working with Aboard AI to develop a solution to help pilots reduce these incidents. &ldquo This solution will help prompt pilots in terms of how much runway you need to land, how much speed you need for your plane to take off, and at what angle you need to take off.&rdquo These AI-enabled solutions will gather data from flight instruments. The data will then be transferred to a central module where the AI algorithm will process it. While taking on more projects will boost its revenue, he is also cautious on this front, as he wants to ensure that the projects Trek 2000 takes on are all financially viable. &ldquo When we select our project, the number one consideration is profitability. We will also evaluate the company&rsquo s profile behind each project, long-term sustainability of our solution to customers, capex requirement and cash flow as well.&rdquo Apart from being financially viable, Wayne says the projects Trek 2000 takes on are recurring, thereby providing better revenue visibility two to three years out than one-off projects. For example, the partnership with Aboard AI is projected to generate revenue exceeding US$15 million ($19.33 million), which will contribute positively to the company&rsquo s FY2027 results. &ldquo In fact, we are now negotiating with them to extend this contract even further.&rdquo With a focus on more financially sustainable projects, Trek 2000&rsquo s financial numbers began to turn around. While revenue for FY2025 ended Dec 31 was down 1.1% y-o-y to US$19.6 million, earnings surged by 1,275% y-o-y to US$4.6 million. Net profit margin improved significantly from just 1.6% in the previous year to 23.4% in FY2025. Memory chip supply shortage With the booming AI trend, the market has seen an unprecedented shortage of memory chips as technology giants Amazon, Google, Microsoft, and Meta compete for them to power their AI servers. To deliver its projects smoothly, Trek 2000 also requires a steady supply of these components, making it challenging for the company to secure a consistent supply of these essential resources. However, Wayne has the backing of one of Trek 2000&rsquo s substantial shareholders for its memory chip supply in the current environment. Previously known as Toshiba Memory Corporation, the company was acquired in 2018 by a Bain Capital-led consortium and rebranded as Kioxia in October 2019. As indicated in Trek 2000&rsquo s July 14 filing, Kioxia holds a 17% stake in Trek 2000 and is the company&rsquo s second-largest shareholder. In December 2024, Kioxia was listed, allowing Bain Capital to eventually divest its stake amid a period of strong growth in the semiconductor industry. Over the past year, Kioxia&rsquo s share price has skyrocketed by more than 2,600%, giving the company a market capitalisation that, at one point, surpassed Toyota Corporation, Japan&rsquo s most valuable publicly traded company. &ldquo We are fortunate that Kioxia is our substantial shareholder, as they are key to our supply chain. Of course, amidst the current memory chip shortage, they still value us as one of their valued partners, and we are still getting strategic memory chip supply from them to service our customers,&rdquo says Wayne. Even as Kioxia has to meet demand from other customers, he believes Trek 2000 will continue to receive a regular monthly allocation of chips from this substantial shareholder and supplier. He acknowledges that, due to the shortages, there will be &ldquo pricing uncertainty&rdquo . For example, one memory chip that cost just US$3 or so last October now costs nearly 10 times as much today. &ldquo Will the price continue to increase? I have no answer to that for now.&rdquo Amid the severe industry-wide shortage, with new capacity already committed years in advance, Wayne says Kioxia&rsquo s continued supply of memory chips to Trek 2000 is a strong statement in the industry today. &ldquo Not many companies out there can get direct supply from these memory chip manufacturers today, such as Micron and Samsung. The fact that we are still getting direct memory chip supply from Kioxia says a lot about us.&rdquo Rather than viewing the broader AI boom as a challenge, Trek 2000 will continue to leverage its strategic relationship with Kioxia and invest heavily in developing new products and solutions to capture these emerging opportunities. &ldquo They are not just a passive investor, and they have been with us for over 30 years, and they have no intention to leave us.&rdquo Azure Capital steps in Besides its association with Kioxia, Trek 2000 was recently in the news for receiving strong backing from another party. On May 28, Azure Capital, led by Terence Wong, emerged as a substantial shareholder of the company after acquiring more than 22 million shares at 12 cents each, giving it a 7.3% stake. Wong bought the shares from Ron Sim, the founder of the Osim massage chair brand. Sim, who retains a 2% stake, had initially paid 43.65 cents for 24 million new shares in 2015. In conjunction with the sale, he withdrew a letter of demand that had been served in December 2024, alleging &ldquo fraudulent misrepresentations&rdquo . News that Wong had emerged as a substantial shareholder sent Trek 2000&rsquo s shares from below 10 cents to a high of 30.5 cents before easing to close at 24.5 cents on July 13, valuing the company at $74.1 million. Besides this investment in Trek 2000, Wong and Azure Capital have been actively seeking opportunities in the market amid improving sentiment in Singapore&rsquo s stock market. This has led to their participation in various share transactions involving companies such as Salt Investments, Clearbridge Health, ASL Marine and ISOTeam. Wong recalls having followed Trek 2000 for many years. During his time as a sell-side analyst covering technology stocks, he met Henn, who showed him a thumb drive prototype and described it as a device that would take over the world. At the time, floppy disks, with their much smaller storage capacities, were the standard for software distribution and data backups. That prediction eventually became reality. On Feb 26, 2000, Trek 2000 announced its first commercial USB thumb drive at the CeBIT trade fair in Germany. It had just eight megabytes of storage, less than the size of a single image from a modern smartphone camera. Then, each megabyte of storage cost around US$1, and the eight-megabyte thumb drive would be around US$8. In today&rsquo s context, a 32-gigabyte thumb drive could cost just around $20. The thumb drive subsequently took the world by storm and changed the way computer files are stored and transferred. Wong says he is also impressed by how Trek 2000 has, over the years, focused so &ldquo religiously&rdquo on R& D, a rarity among local companies. &ldquo We were also encouraged by the step-up in profitability and Trek 2000&rsquo s debt-free and cash-rich balance sheet, providing a solid foundation to support future growth initiatives,&rdquo he adds. The cash balance of around US$27.3 million as at Dec 31, 2025, will be used primarily to fund R& D, enabling the company to pursue new growth opportunities related to AI, says Wayne. &ldquo Looking ahead, we will need to hone our skills in terms of AI application and algorithm we will continue to use our cash and invest in our R& D activities. Secondly, we want to focus on synergistic companies that we can invest in and will help us in growing our business.&rdquo China&rsquo s chip specialist Star Semiconductors is one such example. In October 2024, Trek 2000 acquired a 20% stake in the Shenzhen-based company for approximately US$1.6 million. &ldquo With this investment, they have successfully entered China&rsquo s automotive industry by using our solutions,&rdquo Wayne adds. Through such investments, he hopes to continue exploring strategic opportunities. Buybacks and trading liquidity With the overall pick-up in vibrancy and investor participation, Wayne and the company&rsquo s board are exploring ways to enhance shareholder value. Before the recent sharp run-up in Trek 2000&rsquo s share price, the stock had traded between 6 cents and 13 cents over the past five years. This presented an opportunity for Trek 2000 to conduct share buybacks, and the company has since accumulated more than 22.2 million treasury shares as of June 23. These treasury shares represent 7.3% of the company&rsquo s total issued shares. He believes these treasury shares give the company considerable flexibility. For one, they can be used to fund employee share options, allowing the company to retain and attract talent. The shares can also be used for &ldquo potential strategic corporate needs&rdquo . When asked for further details, Wayne declines to elaborate, although he hints that Trek 2000 will continue buying back shares. &ldquo We have the share buyback mandate from our shareholders, and we will follow the mandate and make the necessary announcements when we execute our share buyback.&rdquo Despite Trek 2000&rsquo s low trading liquidity, he remains unfazed. As CEO, he says his role is to focus on the fundamentals, build a sustainable growth trajectory and improve the company&rsquo s profitability. At the same time, he hopes to engage with analysts and the media to raise awareness, with trading interest and liquidity expected to follow. Echoing Wayne&rsquo s views, Wong says that few companies in the Singapore market possess this kind of fundamental strength and debt-free balance sheet. &ldquo The cash hoard in their balance sheet gives them the ammunition to do many things, and I think that this would be interesting for shareholders.&rdquo Growth strategy Given that Trek 2000 predates the current AI boom, Wayne wants to position the company as an application-focused R& D company, rather than one tied to any specific technology trend. &ldquo Regardless of either the AI boom or memory boom, we always pride ourselves in terms of how we use different forms of technology to come up with a solution to solve a person&rsquo s needs. Basically, we don&rsquo t like to reinvent the wheel.&rdquo Throughout this interview, he emphasises the importance of R& D at Trek 2000. He adds: &ldquo R& D remains a core strength in our future growth. We want to improve our capability to ensure that we can secure various projects out there.&rdquo Apart from that, Wayne aims to pursue strategic collaborations and selective investments going forward to ensure the company continues to grow over the long term. At the same time, he wants to maintain financial prudence in the current operating environment. &ldquo The lump sum of cash in our balance is not only to invest in R& D and investment in other companies, but it is also to safeguard Trek 2000 in times of rainy days,&rdquo he adds. &ldquo I believe that we need to prepare ourselves for the worst-case scenario, and in our case, the cash on hand will ensure that the company will continue to stand strong, and that&rsquo s how we managed to survive over the years.&rdquo |
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Joelton
Supreme |
24-Jun-2026 09:26
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Trek 2000 secures US$350,000 AI renewable energy solutions project in Cambodia Trek 2000 (SGX:5AB) announced that its wholly-owned subsidiary, Trek Technology (Singapore) Pte Ltd, has entered into an agreement with its Cambodian customer, Our HS Convenience Co Ltd, for the supply, installation and commissioning of a US$350,000 ($453,000) project at the customer' s solar farm in Cambodia. Under the agreement, Trek 2000 will deploy its proprietary AI Renewable Energy Solutions (AIRES) Eco-System, which comprises of artificial intelligence solutions that incorporate preventive and predictive features to enhance energy management efficiency. Post commission of the system, Trek 2000 will also support solar generation performance monitoring and lifecycle management to enable operational optimisation. &ldquo The development under this agreement integrates AIRES solutions, including dashboard, smart meter and data logger, into a unified platform for real-time monitoring, prediction and optimisation of power generation,&rdquo Trek 2000 describes. &ldquo This deployment exemplifies our broader strategy of applying AI and data-driven capabilities to address evolving industry needs in the energy transition, while strengthening energy resilience across the region. Building on this momentum, the Group will further broaden the deployment of AIRES, advancing our continued investment in this segment as companies transition towards sustainable, intelligently managed clean energy,&rdquo says Wayne Tan, executive chairman and group president of Trek 2000. As of 3.51pm, shares of Trek 2000 are trading 1 cent lower, or 3.92% down at 24.5 cents. |
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tofudidi
Supreme |
03-Jun-2026 13:38
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Next long candle coming. Should break 30c | ||||
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tongphlp
Supreme |
02-Jun-2026 10:40
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run
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shk363
Elite |
02-Jun-2026 10:39
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he cut loss at $0.12 !
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Cadence88
Veteran |
02-Jun-2026 08:47
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$0.43 ... it' s available in public domain don' t be lazy.
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shk363
Elite |
31-May-2026 21:56
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what is ron sim's cost price?
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Taylor
Elite |
31-May-2026 19:53
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Osim Roy Sim lost almost $8m Azure capital immediately gain $0.17 CTS Good deal | ||||
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Joelton
Supreme |
30-May-2026 13:45
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Trek 2000 shares jump 26% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital With a reduced holding of 2%, he ceases to be a substantial shareholder [SINGAPORE] Fund manager Azure Capital has become a substantial shareholder of Trek 2000 International, the company known for its ThumbDrive USB flash drive. In a bourse filing on Thursday (May 28), Trek said that Azure Capital acquired 22,074,000 ordinary shares, representing about 7.3 per cent of its issued share capital. The shares were bought from Osim founder Ron Sim, pursuant to a share-purchase agreement they had entered into on May 11. The consideration of over S$2.6 million works out to S$0.12 per share. The transaction was completed on Tuesday. The counter surged 26.8 per cent or S$0.055 to S$0.26 as at 9.20 am on Friday, after the announcement. By the midday trading break, Trek had pared some gains but was still up 14.6 per cent or S$0.03 at S$0.235, after 2.2 million shares were traded. Terence Wong, founder and CEO of Azure Capital, noted that Trek has &ldquo delivered a step up in profitability&rdquo . He added that the company&rsquo s &ldquo patented wireless memory technologies position it to participate in the growing demand for high-performance, data-intensive applications&rdquo driven by the adoption of artificial intelligence. With the deal completed, Sim&rsquo s stake in Trek is now down to 2 per cent, from 9.3 per cent previously. He therefore ceases to be a substantial shareholder of the company. Trek&rsquo s other substantial shareholders are executive chairman and group president Wayne Tan, Kioxia Corporation, CTI II and Creative Technology. Backing off In a separate announcement on Thursday, Trek said that Sim and Osim have confirmed they &ldquo will not proceed further&rdquo with legal claims previously filed against the company, Wayne Tan and his father, former executive chairman Henn Tann. The claims stemmed from legal letters that Sim and Osim had sent in 2024 and 2025. The initial correspondence alleged that Henn Tan, who stepped down in 2018, had made fraudulent misrepresentations that were relied upon when Sim and Osim bought Trek shares in 2015. It was also alleged that Sim had been treated &ldquo unfairly and contrary to his legitimate expectations as a minority shareholder&rdquo . Describing the situation as a &ldquo legacy shareholder matter&rdquo , Wayne Tan said that the company&rsquo s board and management &ldquo remain focused on executing our growth strategy across memory, AI-related and renewable energy solutions&rdquo . In 2022, Henn Tan was sentenced to one year and four months in jail for accounting fraud that concealed Trek&rsquo s weak financial performance. Zooming in on storage, AI, renewables Trek said that it has &ldquo developed patented wireless memory technologies that integrate NAND and DRAM systems for high-speed, data-intensive applications&rdquo . These technologies, it added, support the group&rsquo s strategic partnership with software company Aboard AI to &ldquo co-develop an AI-powered aviation solution&rdquo that is expected to bring in more than US$15 million in revenue through FY2027. Trek reported a net profit of US$4.6 million for FY2025, jumping nearly 12 times from the earnings of US$335,000 it reported for the year before, despite a 1.1 per cent decline in revenue to US$19.6 million. The company said that its Artificial Intelligence of Things (AIoT) division accounted for 93.2 per cent of sales revenue during the year. It added that it will ramp up innovation to &ldquo enhance its core storage and AIoT solutions&rdquo , while developing and marketing its AI and renewable energy-related offerings. Trek was placed on the Singapore Exchange watch list in June 2023. The list was abolished in October 2025 as part of a move towards a more disclosure-based framework. Issuers must still disclose if they record losses for three consecutive years. Shares of Trek rose 28.9 per cent or S$0.046 to close at S$0.205 on Thursday, before the news. |
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treetops
Elite |
29-May-2026 16:17
Yells: "Moments Today, Memories Tomorrow!" |
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Trek 2000 International is authorized by shareholders to repurchase up to 30.7 million shares (representing 10% of its issued share capital) under its current mandate. Recent filings up to April indicate that the technology company has repurchased around 4.3 million shares under this buyback program. |
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treetops
Elite |
29-May-2026 15:51
Yells: "Moments Today, Memories Tomorrow!" |
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It really is incredible to look back at the impact Trek 2000 International had. The ThumbDrive completely shifted the paradigm of personal computing. It is hard to overstate just how quickly it made the floppy disk obsolete and became an absolute daily necessity for anyone moving digital files. The next frontier for portable storage isn' t just about holding more data, but making that data smarter. If a legacy hardware innovator were to lean into the AI era, we could see some pretty amazing leaps forward. It will definitely be interesting to see if the pioneers of the early 2000s tech boom can catch lightning in a bottle twice by adapting to today' s technology. |
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TraderBen
Supreme |
29-May-2026 09:11
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there is no way to sell in open market also .. the float so low..
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SmallSmall
Supreme |
29-May-2026 09:06
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FOR IMMEDIATE RELEASE Trek secures strategic investment from Azure Capital with substantial shareholding of 7.3% &bull Azure Capital, founded by Terence Wong, sees Trek' s memory and AI-related IP portfolio as the investment case. &bull Mr. Ron Sim and OSIM withdraw the legal claims previously notified against the Company and its directors. &bull Acquisition adds a long-term shareholder as Trek executes its multi-year turnaround. |
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gosharej
Senior |
13-May-2026 11:25
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this counter BB thought all retail buyers are stupid investors, can bully. The fund bought at 0.12, only invest 3mil sg, now up 55%, the fund has earned 1.5 mil sgd, so easy meh/ Is a shark | ||||
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ahberngh
Elite |
13-May-2026 11:12
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Yes, rising too fast. Watch at the sidelines first. |
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kye_lin
Master |
13-May-2026 11:05
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Low liquidity. Cheong up fast... cheong down also fast... be careful | ||||
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TraderBen
Supreme |
13-May-2026 10:55
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i want to buy 100 lots also hard leh.. lol
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