PENANG, Malaysia / SINGAPORE – January 24, 2026 – On January 22, 2026, ONESHARE (SINGAPORE) PTE. LTD. successfully concluded its latest "Walking into Listed Companies" event. Led by OneShare Chief Executive Officer (CEO) Mr. Kaiwen Zheng, the high-profile delegation conducted an exclusive site visit to the headquarters and key laboratory facilities of SGX-listed LMS Compliance Ltd ("LMS Compliance") in Penang, Malaysia.
The delegation included Mr. Thiam Choon Eng, Business Director of uSMART Securities, alongside his team of equity analysts and representatives from the Singapore media. The site visit provided critical operational insights, serving as the foundational research for a highly anticipated research report scheduled for release by uSMART over the next few days.
Executive Interview Highlights
Following the site visit, the delegation held an in-depth discussion with the management. Dr. Louis, CEO of LMS Compliance, provided clear insights into the company’s structural integrity, technological advantage, and ambitious growth trajectory within the Testing, Inspection, Certification, and Assurance (TICA) sector.
Interview with Dr. Louis, CEO, LMS Compliance by uSMART
Core Values Anchoring Global Vision Dr. Louis emphasized that the company’s "principles," "mission," and "core values" have "fundamentally not changed" since the business started in 2006. The foundational core values are encapsulated in the acronym " FITCORP ", which stands for Flexibility, Improvement, Teamwork, Commitment, Opportunity, Recognition and Peak Performance. While these core beliefs govern decision-making, the company's mission evolves every three to five years. Following its listing on SGX and expansion into the Asia Pacific region, the mission was redefined to become a "Global Local Laboratories," focusing on injecting global knowledge into local needs to "transform the economics".
Digitalization: The Moat Driving Client Stickiness A key competitive differentiator highlighted by Dr. Louis is the company’s proprietary Laboratory Information Management System (LIMS), a Software as a Service (SaaS) platform now on version five. This system is instrumental in client retention (or "stickiness"), enabling clients to manage the entire testing lifecycle online, including requesting sample collection, receiving prompt updates on testing progress and completion status, and downloading legally binding Certificates of Analysis (COA). Furthermore, the system employs a single QR code throughout the process for high traceability, which helps reduce potential disputes. Dr. Louis reported that over 85% of LMS Compliance's clientele are recurring clients. This digitalization push has also led to significant productivity gains, with output per headcount index increasing from 84 to 195 over a period.
Future Growth: Decarbonomics and ESG (Environmental, Social, and Governance) as Recurring Revenue Looking ahead, Dr. Louis views ESG and carbon-related services as a "definite yes" for "recurring fundamental" revenue generation. He coined the term "Decarbonomics" to describe the economic incentive driving demand: reducing carbon footprint leads to lower taxes and greater demand for low-carbon products, which, in turn, requires continuous testing, certification, and verification to validate claims. LMS Compliance has established competency across all three pillars: 15 years of experience in environmental monitoring (E), competent licensed persons in workplace safety (S), and extensive governance experience supported by Dr. Louis’s deep research in corporate governance (G). The company has secured dual accreditation (under SAC and Standards Malaysia) for the verification/validation of carbon footprint (ISO 17029 series), enabling them to issue globally accepted verification reports.
M&A Success Driving Double-Digit Financial Expansion The strategic acquisition of Anchor Technology Holdings Co., Limited(ACC) was critical to injecting Research and Development (R&D) services and specialized consultancy, specifically assisting novel food manufacturers in China with registering new products with the US FDA. Financially, the integration of ACC proved highly beneficial, contributing to a six-month period of double-digit growth for the group. Dr. Louis noted that the company expects strong growth in the current year and the following year, partly driven by the demand for novel food R&D.
Dr. Louis leading a tour of the company's laboratory.
Group photo of the delegation at the "Walking into Listed Companies" event.
About ONESHARE (SINGAPORE) PTE. LTD. ONESHARE is a Singapore-based professional services firm focused on capital markets engagement. The firm works with listed and growth-stage companies on investor relations, equity incentive (ESOP) solutions, and cross-border advisory, including mergers and acquisitions, across Asia.
About uSMART Securities uSMART is a leading smart online brokerage firm, providing professional investment services and in-depth market research to global investors.
About LMS Compliance Ltd LMS Compliance Ltd is a leading Testing, Inspection, and Certification (TIC) service provider listed on the Singapore Exchange in 2022 (stock code: LMS) on 1 December 2022 With a vision to be a "Global Local Laboratory," the company combines international standards with local expertise to serve the food, pharmaceutical, and environmental sectors across the Asia Pacific.
Disclaimer: This information has not been reviewed by the Monetary Authority of Singapore
