New Risk • Jun 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (16% increase in shares outstanding). Announcement • Jun 11
Citaglobal Berhad has filed a Follow-on Equity Offering in the amount of MYR 42.0912 million. Citaglobal Berhad has filed a Follow-on Equity Offering in the amount of MYR 42.0912 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 46,768,000
Price\Range: MYR 0.9
Transaction Features: Subsequent Direct Listing Announcement • Jun 09
Citaglobal Berhad announced that it expects to receive MYR 42.084 million in funding from Berjaya Securities Sdn Bhd Citaglobal Berhad has announced to issue 46,760,000 new ordinary shares at a subscription price of MYR 0.90 per share for gross proceeds of MYR 4,20,84,000 on June 8, 2026. The transaction includes new investor participation from Berjaya Securities Sdn Bhd. New Risk • May 31
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (RM389.8m market cap, or US$98.2m). New Risk • May 28
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: RM394.7m (US$99.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (RM394.7m market cap, or US$99.2m). New Risk • Feb 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 25
Third quarter 2025 earnings released: EPS: RM0.007 (vs RM0.007 in 3Q 2024) Third quarter 2025 results: EPS: RM0.007 (in line with 3Q 2024). Revenue: RM87.8m (up 30% from 3Q 2024). Net income: RM3.01m (down 4.0% from 3Q 2024). Profit margin: 3.4% (down from 4.6% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 27
Second quarter 2025 earnings released: EPS: RM0.007 (vs RM0.007 in 2Q 2024) Second quarter 2025 results: EPS: RM0.007 (in line with 2Q 2024). Revenue: RM103.3m (up 99% from 2Q 2024). Net income: RM3.07m (up 8.0% from 2Q 2024). Profit margin: 3.0% (down from 5.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Aug 06
Citaglobal Berhad (KLSE:CITAGLB) entered into a share sale agreement to acquire 20% stake in Manjaran Sdn Bhd from Dedap Rimbun Sdn Bhd for MYR 34.3 million. Citaglobal Berhad (KLSE:CITAGLB) entered into a share sale agreement to acquire 20% stake in Manjaran Sdn Bhd from Dedap Rimbun Sdn Bhd for MYR 34.3 million on August 5, 2025.
The transaction is subject to consummation of due diligence investigation and listing / approval of new shares on stock exchange. The expected completion of the transaction is on the third quarter of 2025.
Astramina Advisory Sdn Bhd acted as financial advisor for Citaglobal Berhad. TA Securities Holdings Berhad acted as financial advisor for Citaglobal Berhad. Reported Earnings • May 30
First quarter 2025 earnings released: EPS: RM0.007 (vs RM0.005 in 1Q 2024) First quarter 2025 results: EPS: RM0.007 (up from RM0.005 in 1Q 2024). Revenue: RM74.8m (down 4.2% from 1Q 2024). Net income: RM3.01m (up 38% from 1Q 2024). Profit margin: 4.0% (up from 2.8% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Apr 29
Citaglobal Berhad, Annual General Meeting, Jun 05, 2025 Citaglobal Berhad, Annual General Meeting, Jun 05, 2025, at 10:00 Singapore Standard Time. Location: concorde ballroom, , concorde hotel kuala lumpur, 2, jalan sultan ismail, wilayah persekutuan kuala lumpur, 50250 kuala lumpur, Malaysia Upcoming Dividend • Apr 25
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 02 May 2025. Payment date: 23 May 2025. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Malaysian dividend payers (5.7%). Lower than average of industry peers (2.9%). Announcement • Apr 17
Citaglobal Berhad Announces Final Single Tier Dividend for Financial Year End 31 Dec 2024, Payable on 23 May 2025 Citaglobal Berhad announced Final Single Tier Dividend of 1.0 sen per ordinary share for Financial Year End 31 Dec 2024, Ex-Date 02 May 2025 Entitlement date 05 May 2025 and Payment Date 23 May 2025. Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: RM0.035 (vs RM0.023 in FY 2023) Full year 2024 results: EPS: RM0.035 (up from RM0.023 in FY 2023). Revenue: RM291.7m (up 42% from FY 2023). Net income: RM14.9m (up 60% from FY 2023). Profit margin: 5.1% (up from 4.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Feb 26
Citaglobal Berhad Declare Final Single Tier Dividend for the Financial Year Ended 31 December 2024 The Board of Directors of Citaglobal Berhad announced that the Board has resolved to declare a Final Single Tier Dividend of 1.0 sen per ordinary share for the financial year ended 31 December 2024. The date of entitlement and date of payment in respect of the aforesaid final dividend will be determined and announced in due course. Reported Earnings • Nov 28
Third quarter 2024 earnings released: EPS: RM0.007 (vs RM0.007 in 3Q 2023) Third quarter 2024 results: EPS: RM0.007 (in line with 3Q 2023). Revenue: RM67.7m (up 35% from 3Q 2023). Net income: RM3.14m (up 4.2% from 3Q 2023). Profit margin: 4.6% (down from 6.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 4% per year. Announcement • Sep 19
Citaglobal Berhad Announces the Appointment of YM Raja Imran Jamalullail Bin Raja Mufik Affandi as Independent and Non Executive Director Citaglobal Berhad announced the appointment of YM Raja Imran Jamalullail Bin Raja Mufik Affandi, age 31, as Independent and Non Executive Director. Working experience and occupation: November 2023 to current: Deputy Chief Financial Officer, E&P O&M Services Sdn. Bhd.September 2022 to November 2023: Head of Corporate Finance, Tidal Venture Sdn. Bhd.May 2022 to August 2022: Finance Manager, Regal Mountain Sdn. Bhd.October 2021 to March 2022: Senior Audit Associate, Crowe Malaysia PLTFebruary 2021 to October 2021: Assistant Finance Manager, Regal Metal Sdn. Bhd.March 2019 to December 2020: Senior Audit Associate, Crowe Malaysia PLT. Qualifications: Bsc (Hons) Applied Psychology And Management Studies - University of Nottingham Malaysia Campus; and Accounting - Association of Chartered Certified Accountants (ACCA) Membership. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to RM1.09, the stock trades at a trailing P/E ratio of 50.1x. Average trailing P/E is 20x in the Construction industry in Malaysia. Total returns to shareholders of 45% over the past three years. Board Change • Sep 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 3 highly experienced directors. Independent & Non-Executive Director Yasmin Binti Mahmood was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Aug 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: RM0.007 (vs RM0.007 in 2Q 2023) Second quarter 2024 results: EPS: RM0.007 (in line with 2Q 2023). Revenue: RM51.9m (down 8.1% from 2Q 2023). Net income: RM2.84m (down 5.4% from 2Q 2023). Profit margin: 5.5% (up from 5.3% in 2Q 2023). The increase in margin was driven by lower expenses. Announcement • Jun 28
Citaglobal Berhad Announces Resignation of Encik Wan Shariman Bin Wan Mohamed as Chief Operating Officer, Effective June 30, 2024 Citaglobal Berhad announced resignation of ENCIK WAN SHARIMAN BIN WAN MOHAMED as Chief Operating Officer to pursue other opportunities. date of change is June 30, 2024. age is 57. Reported Earnings • May 25
First quarter 2024 earnings released: EPS: RM0.005 (vs RM0.005 in 1Q 2023) First quarter 2024 results: EPS: RM0.005 (in line with 1Q 2023). Revenue: RM78.1m (up 104% from 1Q 2023). Net income: RM2.18m (up 5.4% from 1Q 2023). Profit margin: 2.8% (down from 5.4% in 1Q 2023). The decrease in margin was driven by higher expenses. Announcement • May 01
Citaglobal Berhad, Annual General Meeting, Jun 04, 2024 Citaglobal Berhad, Annual General Meeting, Jun 04, 2024, at 10:00 Singapore Standard Time. Location: Grand Johor, Lower Lobby Shangri-La Kuala Lumpur, 11, Jalan Sultan Ismail, Kuala Lumpur Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31 December 2023 together with the Reports of the Directors and the Auditors thereon; to approve the payment of Directors' fees to the Directors of the Company and its subsidiaries amounting to MYR 1,200,000 for the period from 1 July 2024 to 30 June 2025; to approve the payment of benefits payable to the Directors up to an amount of MYR 250,000 for the period from 1 July 2024 to 30 June 2025; to re-elect Dato' Sri Mohan A/L C Sinnathamby who retires by rotation in accordance with Clause 118 of the Company's Constitution; and to consider other matters. Announcement • Apr 23
Citaglobal Berhad Announces Redesignation of Encik Aimi Aizal Bin Nasharuddin from Non-Independent Non-Executive Director to A Non-Independent Executive Director Citaglobal Berhad has re-designated from a Non-Independent Non-Executive Director to a Non-Independent Executive Director with effect from 22 April 2024. Age is 57. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: RM0.023 (vs RM0.17 loss in FY 2022) Full year 2023 results: EPS: RM0.023 (up from RM0.17 loss in FY 2022). Revenue: RM205.7m (down 4.5% from FY 2022). Net income: RM9.39m (up RM50.3m from FY 2022). Profit margin: 4.6% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 23
Third quarter 2023 earnings released: EPS: RM0.007 (vs RM0.009 in 3Q 2022) Third quarter 2023 results: EPS: RM0.007. Revenue: RM50.0m (down 6.6% from 3Q 2022). Net income: RM3.01m (up 50% from 3Q 2022). Profit margin: 6.0% (up from 3.7% in 3Q 2022). The increase in margin was driven by lower expenses. Announcement • Oct 27
Citaglobal Berhad (KLSE:CITAGLB) entered into a share purchase agreement to acquire 25% stake in Ifactors Sdn. Bhd. from Abu Bakar Bin Sutan Taharudin for MYR 21.2 million. Citaglobal Berhad (KLSE:CITAGLB) entered into a share purchase agreement to acquire 25% stake in Ifactors Sdn. Bhd. from Abu Bakar Bin Sutan Taharudin for MYR 21.2 million on October 26, 2023. In a related transaction, Citaglobal also entered into a subscription agreement to subscribe for 5% of equity in Ifactors. So post the completion of the acquisitions, Citaglobal will hold 30% equity interest in IFactors. The subscription amount for the proposed subscription and part of the purchase consideration for the proposed acquisition totaling MYR 14 million will be satisfied in cash, which are envisaged to be funded by Citaglobal vide funds based on earlier placement conducted. The remaining Purchase Consideration for the Proposed Acquisition of MYR 11.2 million will be satisfied via the issuance of the consideration shares. Ifactors reported net profit of MYR 7.7 million and net assets of MYR 16.8 million for the FYE December 31, 2022. The acquisition is conditional upon approval of Bursa Securities for the listing of and quotation for the consideration shares, approval of relevant authorities/parties and any other relevant regulatory authorities and/or parties. The deal is targeted to be completed by the first quarter of 2024. Astramina Advisory Sdn Bhd acted as the financial advisor to Citaglobal. Reported Earnings • Aug 24
Second quarter 2023 earnings released: EPS: RM0.007 (vs RM0.011 in 2Q 2022) Second quarter 2023 results: EPS: RM0.007. Revenue: RM56.4m (up 29% from 2Q 2022). Net income: RM3.01m (up 30% from 2Q 2022). Profit margin: 5.3% (in line with 2Q 2022). Announcement • Aug 05
Citaglobal Berhad (KLSE:CITAGLB) entered into a share sale agreement to acquire 40% stake in Nova Reeco Sdn Bhd from Nik Ahmad Huznee and Nik Fadhlee Bin Nik Ahmad Huznee for MYR 2 million. Citaglobal Berhad (KLSE:CITAGLB) entered into a share sale agreement to acquire 40% stake in Nova Reeco Sdn Bhd from Nik Ahmad Huznee and Nik Fadhlee Bin Nik Ahmad Huznee for MYR 2 million on August 4, 2023. In related transaction Citaglobal Berhad intends to purchase irredeemable convertible preference shares. Transaction is subject to Consummation of due diligence investigation, approval of offer by acquirer board and completion of the relevant share subscription agreement for Sale ICPS and/or other instruments set out in the Nova Reeco SSA. Astramina Advisory Sdn Bhd acted as financial advisory to Citaglobal Berhad. Announcement • Jul 04
Citaglobal Berhad Announces Redesignation of Encik Aimi Aizal Bin Nasharuddin from Director to Non-Independent and Non Executive Director Citaglobal Berhad announced redesignation of Encik Aimi Aizal Bin Nasharuddin from Director to Non-Independent and Non Executive Director. Age is 56. Nationality is Malaysia. Date of change is 03 July 2023. Announcement • Jul 01
Citaglobal Berhad Announces Appointment of Datuk (Dr.) Yasmin Mahmood as Independent and Non Executive Director with Effect from July 1, 2023 Citaglobal Berhad announced appointment of Datuk (Dr.) Yasmin Mahmood as Independent and Non Executive Director with effect from July 1, 2023. Age: 60. Gender: Female. Nationality: Malaysia. Qualifications: Degree - Honoris Causa, Doctor in Management, UNITAR (University Tun Abd Razak) International University; Degree - BSc Computer Science and Applied Maths, University of New South Wales, Sydney, Australia. Working experience and occupation: 2019 to 2021: Chairman, POS Malaysia Berhad; 2014 to 2019: Chief Executive Officer, Malaysia Digital Economy Corporation Sdn Bhd (MDEC); 2010 to 2014: Executive Director, YTL Communications Sdn. Bhd. Director, YTL e-Solutions Bhd; 2006 to 2009: Managing Director, Microsoft Malaysia Sdn. Bhd.; 2005 to 2006: Regional Manager, Malaysia, Thailand and Taiwan, Dell A/P; 1999 to 2005: General Manager, Malaysia Dell A/P; 1995 to 1999: General Manager, CPSD Division, HP Sales Malaysia; 1993 to 1995: General Manager, Dataprep Retail Sdn. Bhd.; 1988 to 1993: Marketing Manager, HP Sales Malaysia. Directorships in public companies and listed issuers (if any): Bintulu Port Holdings Berhad; UMW Holdings Berhad; Skymind Holdings Berhad and MIDF Berhad. Reported Earnings • Jun 02
First quarter 2023 earnings released: EPS: RM0.006 (vs RM0.01 in 1Q 2022) First quarter 2023 results: EPS: RM0.006 (down from RM0.01 in 1Q 2022). Revenue: RM38.2m (down 16% from 1Q 2022). Net income: RM2.07m (down 1.8% from 1Q 2022). Profit margin: 5.4% (up from 4.6% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 02
Full year 2022 earnings released: RM0.17 loss per share (vs RM0.028 profit in FY 2021) Full year 2022 results: RM0.17 loss per share (down from RM0.028 profit in FY 2021). Revenue: RM215.4m (down 13% from FY 2021). Net loss: RM40.9m (down RM44.6m from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Jan 13
Citaglobal Berhad (KLSE:CITAGLB) entered into an agreement to acquire remaining 38.89% stake in WZS Powergen Sdn. Bhd from Dominic and Dato’ Mubin for MYR 1.194,916 million. Citaglobal Berhad (KLSE:CITAGLB) entered into an agreement to acquire remaining 38.89% stake in WZS Powergen Sdn. Bhd from Dominic and Dato’ Mubin for MYR 1.194,916 million on January 11, 2023. Announcement • Jan 05
Tan Jing Xin entered into a share sale agreement to acquire WZS Technologies Sdn Bhd from Citaglobal Berhad (KLSE:CITAGLB) and Titanium Triangle Sdn. Bhd. for RM 2 million. Tan Jing Xin entered into a share sale agreement to acquire WZS Technologies Sdn Bhd from Citaglobal Berhad (KLSE:CITAGLB) and Titanium Triangle Sdn. Bhd. for RM 2 million on January 4, 2023. The Purchaser shall procure from TTSB 14,000,000 ordinary shares in WZS Technologies for a total cash consideration of RM1,359,200 only. The Purchaser shall procure from CITAGLOBAL 6,600,000 ordinary shares in WZS Technologies for a total cash consideration of RM640,800 only. Board Change • Jan 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Aimi Bin Nasharuddin was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 24
Third quarter 2022 earnings released: EPS: RM0.002 (vs RM0.004 in 3Q 2021) Third quarter 2022 results: EPS: RM0.002 (down from RM0.004 in 3Q 2021). Revenue: RM53.6m (down 6.0% from 3Q 2021). Net income: RM2.01m (down 44% from 3Q 2021). Profit margin: 3.7% (down from 6.3% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 25
Second quarter 2022 earnings released Second quarter 2022 results: Net income: RM2.32m (up RM2.32m from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • May 28
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: RM0.002. Revenue: RM45.7m (flat on 1Q 2021). Net income: RM2.11m (up RM2.11m from 1Q 2021). Profit margin: 4.6% (up from null in 1Q 2021). Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) exceeded analyst estimates. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 24
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: RM0.006 (up from RM0.094 loss in FY 2020). Revenue: RM247.4m (up 8.8% from FY 2020). Net income: RM3.69m (up RM51.5m from FY 2020). Profit margin: 1.5% (up from net loss in FY 2020). The move to profitability was primarily driven by lower expenses. Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) exceeded analyst estimates. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Executive Departure • Sep 11
Group Chief Executive Officer Suhaimi Bin Badrul Jamil has left the company During their tenure, earnings grew by 74% annually compared to the industry average, which went down by 3.0%. On the 8th of September, Suhaimi Bin Badrul Jamil left the company after 1.1 in the role. As of June 2021, Suhaimi still personally held only 400.00k shares (RM58k worth at the time). Suhaimi is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.08 years. Under Suhaimi's leadership, the company delivered a total shareholder return of -27%. Reported Earnings • Jan 28
First quarter 2021 earnings released: RM0.021 loss per share (vs RM0.021 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: RM44.7m (down 36% from 1Q 2020). Net loss: RM10.8m (loss widened 6.3% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Dec 28
New 90-day high: RM0.22 The company is up 13% from its price of RM0.20 on 29 September 2020. The Malaysian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 58% over the same period. 
