WebsiteIntroduction to Premium Catering Holdings Limited
Premium Catering Holdings Limited (NASDAQ: PC) is a Singapore-based company founded in 2012 that specializes in halal food catering. Through its subsidiary operations, it supplies budget prepared meals to foreign workers in dormitories, as well as buffet services for private functions, corporate, and community events. The company operates a central kitchen under the Premium Catering brand and utilizes smart incubators—heated, insulated food vending lockers—for contactless meal delivery.
Corporate Structure and Leadership
Premium Catering operates as a subsidiary of Hero Global Enterprises Limited. Its core business focuses on food production and logistics in Singapore. On September 15, 2025, Ben Ka Hei Wong succeeded Loh Hui Ying as Group Chief Financial Officer and Executive Director. Mr. Wong holds a degree in Economics and Finance and has experience in risk management and financial operations. Loh Hui Ying continues to serve as CFO of the company’s Singapore subsidiary.
Catering Services by Saile Ilyas
Recent Developments and News
On July 11, 2025, shareholders approved a reverse stock split at a 1-for-9 ratio during an Extraordinary General Meeting. The adjustment took effect at the open of trading on July 22, 2025, to comply with the minimum $1.00 bid requirement under Nasdaq Listing Rule 5550(a)(2). Nasdaq’s Compliance Letter dated August 5, 2025, confirmed that Premium Catering had regained compliance. In its Form 6-K filing on September 16, 2025, the company reported the CFO transition.
On October 3, 2025, trading of PC shares was halted, and the stock reopened at $8.80, reflecting a 30.65% decline from the prior close of $12.69. Volume that day reached approximately 304,811 shares.
Financial and Strategic Analysis
For the twelve months ended June 30, 2025, Premium Catering reported revenue of USD 4.57 million and a net loss of USD 2.42 million, resulting in a profit margin of –52.9%. Total cash on the balance sheet stood at USD 2.64 million, with a debt-to-equity ratio of 69.08%. Key metrics as of October 3, 2025, include:
| Metric | Value |
|---|---|
| Market Capitalization | USD 21.1 million |
| Volume (October 3, 2025) | 304,811 shares |
| 52-Week Range | USD 5.11–49.50 |
| Price/Sales (TTM) | 6.37 |
| Price/Book (MRQ) | 5.17 |
| Return on Assets (TTM) | –17.07% |
| Return on Equity (TTM) | –93.13% |
The reverse stock split was undertaken to comply with regulatory requirements that are essential for continued listing on the Nasdaq Capital Market. The appointment of a new CFO may indicate a focus on enhancing financial governance and risk management.
Market Position and Industry Context
Premium Catering occupies a niche in the Singapore catering market by targeting foreign workers in the construction, marine, and manufacturing sectors, in addition to offering event catering for private and corporate clients. Its halal certification broadens its appeal among Muslim consumers. The introduction of smart incubators addresses the demand for hygienic, contactless food distribution. Industry peers include other food service providers and specialized halal caterers serving both institutional and event-based markets.
tl;dr
On October 3, 2025, Premium Catering Holdings Limited’s stock reopened at USD 8.80 after a trading halt, down 30.65% from the prior close. Earlier this year, shareholders approved a 1-for-9 reverse stock split (effective July 22) to meet Nasdaq’s $1.00 minimum bid requirement. A Compliance Letter dated August 5 confirmed reinstatement of listing compliance. Leadership changes took effect on September 15 with the appointment of Ben Ka Hei Wong as Group CFO. The company continues to deploy its central kitchen and smart incubator network while pursuing operational improvements under new financial management.
