Credit Bureau Asia (SGX:TCU) Margin Decline Challenges Bullish Earnings Growth Narrative

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Credit Bureau Asia (SGX:TCU) has released its FY 2025 first half results, reporting revenue of S$30.2m and net income of S$5.4m, which translated to basic EPS of S$0.0235. Over recent periods, the ...

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Over recent periods, the ...</p>\n\n<a href=\"https://simplywall.st/stocks/sg/commercial-services/sgx-tcu/credit-bureau-asia-shares/news/credit-bureau-asia-sgxtcu-margin-decline-challenges-bullish\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Credit Bureau Asia (SGX:TCU) Margin Decline Challenges Bullish Earnings Growth Narrative</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCredit Bureau Asia (SGX:TCU) Margin Decline Challenges Bullish Earnings Growth Narrative\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-25 19:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/sg/commercial-services/sgx-tcu/credit-bureau-asia-shares/news/credit-bureau-asia-sgxtcu-margin-decline-challenges-bullish><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Credit Bureau Asia (SGX:TCU) has released its FY 2025 first half results, reporting revenue of S$30.2m and net income of S$5.4m, which translated to basic EPS of S$0.0235. Over recent periods, the ...</p>\n\n<a href=\"https://simplywall.st/stocks/sg/commercial-services/sgx-tcu/credit-bureau-asia-shares/news/credit-bureau-asia-sgxtcu-margin-decline-challenges-bullish\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4112","symbol_name":"金融交易所和数据","start_time":0,"source_url":"https://simplywall.st/stocks/sg/commercial-services/sgx-tcu/credit-bureau-asia-shares/news/credit-bureau-asia-sgxtcu-margin-decline-challenges-bullish","article_id":"2614082444","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/9612012-choice2-main-header/1585186803878"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/sg/commercial-services/sgx-tcu/credit-bureau-asia-shares/news/credit-bureau-asia-sgxtcu-margin-decline-challenges-bullish","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2614082444","pubTimestamp":1772019533,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Credit Bureau Asia (SGX:TCU) has released its FY 2025 first half results, reporting revenue of S$30.2m and net income of S$5.4m, which translated to basic EPS of S$0.0235. Over recent periods, the company has seen revenue move from S$29.6m in 1H FY 2024 to S$30.1m in 2H FY 2024 and S$30.2m in 1H FY 2025, while basic EPS shifted from S$0.0256 to S$0.0232 and then S$0.0235 across the same halves. This release provides a useful check on how earnings quality and margins are holding up. With...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BK4112":"金融交易所和数据","BLSX":"Tradr 2X Long BLSH Daily ETF","BLSG":"2倍做多BLSH ETF-Leverage Shares","BK6041":"调查和咨询服务","BK6520":"工商业服务概念","TCU.SI":"亚洲征信"},"translate_title":"亚洲信用局(SGX：TCU)利润率下降挑战看涨的盈利增长叙事","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TCU.SI":1.98,"BLSG":0.6,"BLSX":0.6},"content_text":"Credit Bureau Asia (SGX:TCU) has released its FY 2025 first half results, reporting revenue of S$30.2m and net income of S$5.4m, which translated to basic EPS of S$0.0235. Over recent periods, the company has seen revenue move from S$29.6m in 1H FY 2024 to S$30.1m in 2H FY 2024 and S$30.2m in 1H FY 2025, while basic EPS shifted from S$0.0256 to S$0.0232 and then S$0.0235 across the same halves. This release provides a useful check on how earnings quality and margins are holding up. With trailing net margins sitting in the mid teens and down from the prior year, investors will be focused on how durable that profitability profile looks from here. See our full analysis for Credit Bureau Asia. With the headline numbers on the table, the next step is to see how this earnings print lines up against the widely followed bull and bear stories around Credit Bureau Asia and where those narratives might need updating. Curious how numbers become stories that shape markets? Explore Community Narratives SGX:TCU Revenue & Expenses Breakdown as at Feb 2026 AdvertisementMargins Ease From 18.8% To 17.3%  Over the last 12 months, net profit margin came in at 17.3%, compared with 18.8% in the prior year, while trailing net income was S$10.7 million on S$62.0 million of revenue. What stands out for the bearish narrative is that this softer margin profile sits alongside negative earnings growth versus the prior five year trend of 10.6% a year, which\n     lines up with concerns that profitability has been a bit weaker recently, even though net income over the last year is still in the S$10 million range, and suggests skeptics are focused on whether the step down from 18.8% to 17.3% signals pressure on how much profit each dollar of revenue converts into.    Steady Top Line, Softer Half Year Profit  Across the last three halves, revenue moved from S$29.6 million in 1H FY 2024 to S$30.1 million in 2H FY 2024 and S$30.2 million in 1H FY 2025, while net income for those periods was S$5.9 million, S$5.4 million and S$5.4 million respectively. For a more optimistic read, the bullish angle that Credit Bureau Asia is a resilient data business meets some pushback from these figures, because\n     earnings over the most recent year ran below the past five year growth pace of 10.6% a year even though revenue has held around the S$30 million mark per half, and basic EPS on a trailing 12 month basis shifted from S$0.0488 to S$0.0468, which keeps profit per share close together but not clearly building on that longer term growth record.    On these numbers, bulls who see a durable franchise get some support from the steady revenue base, but the softer recent profits keep the debate alive. 📊 Read the what the Community is saying about Credit Bureau Asia. P/E Of 27.1x Versus DCF Fair Value Gap  The shares trade at S$1.27 with a trailing P/E of 27.1x, compared with about 16x for the Asian Professional Services industry and 16.5x for peers, while a DCF fair value of S$2.91 suggests the price sits well below that modelled estimate. Investors weighing the bullish case against the cautious view have to reconcile this mix, because\n     the higher P/E than industry and peers points to the market already assigning a richer multiple, even as trailing earnings over the last year were weaker than the earlier 10.6% growth trend, and the roughly 56% gap between the S$1.27 share price and the S$2.91 DCF fair value leaves room for those who trust the model to argue for upside while others may question whether the recent margin and earnings trends fully justify that implied value.    Next Steps Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on Credit Bureau Asia's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move. If this mix of signals feels balanced between optimism and caution, it may be a good time to look through the details yourself and move quickly to shape your own view. You can start by reviewing the company-specific positives that have caught investors' attention with 1 key reward. Explore Alternatives With margins easing from 18.8% to 17.3% and earnings running below the earlier 10.6% growth trend, the recent profit profile looks less supportive. If that soft patch around earnings and valuation makes you want sturdier ideas, check out 323 resilient stocks with low risk scores to focus more quickly on companies where our data flags more resilient profiles.  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}