Reported Earnings • May 13
Third quarter 2026 earnings released: RM0.003 loss per share (vs RM0.013 profit in 3Q 2025) Third quarter 2026 results: RM0.003 loss per share (down from RM0.013 profit in 3Q 2025). Revenue: RM284.0m (down 29% from 3Q 2025). Net loss: RM2.40m (down 126% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Declared Dividend • Mar 02
Dividend of RM0.01 announced Shareholders will receive a dividend of RM0.01. Ex-date: 17th March 2026 Payment date: 10th April 2026 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (235% earnings payout ratio). However, it is well covered by cash flows (42% cash payout ratio). The dividend has increased by an average of 12% per year over the past 4 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 161% to bring the payout ratio under control. However, EPS has declined by 25% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Feb 28
Second quarter 2026 earnings released: EPS: RM0.004 (vs RM0.012 in 2Q 2025) Second quarter 2026 results: EPS: RM0.004 (down from RM0.012 in 2Q 2025). Revenue: RM303.6m (down 16% from 2Q 2025). Net income: RM3.07m (down 65% from 2Q 2025). Profit margin: 1.0% (down from 2.4% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Nov 19
First quarter 2026 earnings released: RM0.007 loss per share (vs RM0.019 profit in 1Q 2025) First quarter 2026 results: RM0.007 loss per share (down from RM0.019 profit in 1Q 2025). Revenue: RM234.1m (down 35% from 1Q 2025). Net loss: RM5.06m (down 137% from profit in 1Q 2025). Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Chemicals industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 19
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: RM0.049 (down from RM0.082 in FY 2024). Revenue: RM1.49b (up 31% from FY 2024). Net income: RM35.1m (down 39% from FY 2024). Profit margin: 2.4% (down from 5.0% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 26%. Revenue is forecast to stay flat during the next 2 years compared to a 4.8% growth forecast for the Chemicals industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 15
Seng Fong Holdings Berhad, Annual General Meeting, Nov 18, 2025 Seng Fong Holdings Berhad, Annual General Meeting, Nov 18, 2025, at 11:00 Singapore Standard Time. Location: ames hotel, jalan pkak 2, pusat komersial, 75450 ayer keroh, melaka Malaysia Reported Earnings • Aug 27
Full year 2025 earnings released: EPS: RM0.049 (vs RM0.082 in FY 2024) Full year 2025 results: EPS: RM0.049 (down from RM0.082 in FY 2024). Revenue: RM1.49b (up 31% from FY 2024). Net income: RM35.1m (down 39% from FY 2024). Profit margin: 2.4% (down from 5.0% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 4.8% growth forecast for the Chemicals industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year. Major Estimate Revision • Jun 18
Consensus EPS estimates fall by 13%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from RM1.40b to RM1.45b. EPS estimate fell from RM0.076 to RM0.066 per share. Net income forecast to grow 15% next year vs 24% growth forecast for Chemicals industry in Malaysia. Consensus price target down from RM1.29 to RM1.17. Share price was steady at RM0.82 over the past week. Upcoming Dividend • Jun 05
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 12 June 2025. Payment date: 11 July 2025. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of Malaysian dividend payers (5.6%). Higher than average of industry peers (3.6%). Reported Earnings • May 17
Third quarter 2025 earnings released: EPS: RM0.013 (vs RM0.022 in 3Q 2024) Third quarter 2025 results: EPS: RM0.013 (down from RM0.022 in 3Q 2024). Revenue: RM398.0m (up 33% from 3Q 2024). Net income: RM9.18m (down 39% from 3Q 2024). Profit margin: 2.3% (down from 5.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Chemicals industry in Malaysia. Upcoming Dividend • Mar 06
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 12 March 2025. Payment date: 11 April 2025. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 5.2%. Lower than top quartile of Malaysian dividend payers (5.6%). Higher than average of industry peers (3.2%). Declared Dividend • Feb 20
Second quarter dividend of RM0.01 announced Shareholders will receive a dividend of RM0.01. Ex-date: 12th March 2025 Payment date: 11th April 2025 Dividend yield will be 5.9%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (69% cash payout ratio). The dividend has increased by an average of 42% per year over the past 2 years. However, payments have been volatile during that time. EPS is expected to grow by 61% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 19
Second quarter 2025 earnings released: EPS: RM0.012 (vs RM0.025 in 2Q 2024) Second quarter 2025 results: EPS: RM0.012 (down from RM0.025 in 2Q 2024). Revenue: RM362.0m (up 26% from 2Q 2024). Net income: RM8.81m (down 49% from 2Q 2024). Profit margin: 2.4% (down from 6.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Chemicals industry in Malaysia. Reported Earnings • Nov 16
First quarter 2025 earnings released: EPS: RM0.019 (vs RM0.012 in 1Q 2024) First quarter 2025 results: EPS: RM0.019 (up from RM0.012 in 1Q 2024). Revenue: RM359.9m (up 64% from 1Q 2024). Net income: RM13.7m (up 65% from 1Q 2024). Profit margin: 3.8% (in line with 1Q 2024). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Chemicals industry in Malaysia. Reported Earnings • Oct 18
Full year 2024 earnings released: EPS: RM0.082 (vs RM0.032 in FY 2023) Full year 2024 results: EPS: RM0.082 (up from RM0.032 in FY 2023). Revenue: RM1.14b (up 22% from FY 2023). Net income: RM57.3m (up 154% from FY 2023). Profit margin: 5.0% (up from 2.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Chemicals industry in Malaysia. Announcement • Oct 16
Seng Fong Holdings Berhad, Annual General Meeting, Nov 14, 2024 Seng Fong Holdings Berhad, Annual General Meeting, Nov 14, 2024, at 11:00 Singapore Standard Time. Location: ames hotel, jalan pkak 2, pusat komersial, 75450 ayer keroh, melaka, Malaysia Buy Or Sell Opportunity • Oct 01
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to RM1.23. The fair value is estimated to be RM1.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has declined by 7.1%. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Upcoming Dividend • Aug 22
Upcoming dividend of RM0.015 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 20 September 2024. Payout ratio is a comfortable 69% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of Malaysian dividend payers (4.7%). Higher than average of industry peers (2.1%). Reported Earnings • Aug 14
Full year 2024 earnings released: EPS: RM0.079 (vs RM0.033 in FY 2023) Full year 2024 results: EPS: RM0.079 (up from RM0.033 in FY 2023). Revenue: RM1.14b (up 22% from FY 2023). Net income: RM57.3m (up 154% from FY 2023). Profit margin: 5.0% (up from 2.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Chemicals industry in Malaysia. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to RM1.05, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Chemicals industry in Malaysia. Total returns to shareholders of 116% over the past year. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to RM1.17, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Chemicals industry in Malaysia. Total returns to shareholders of 136% over the past year. Buy Or Sell Opportunity • Jul 02
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 33% to RM1.07. The fair value is estimated to be RM0.85, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 73% in the next 2 years. Upcoming Dividend • May 10
Upcoming dividend of RM0.015 per share Eligible shareholders must have bought the stock before 17 May 2024. Payment date: 19 June 2024. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Malaysian dividend payers (4.5%). In line with average of industry peers (1.7%). Reported Earnings • May 07
Third quarter 2024 earnings released: EPS: RM0.029 (vs RM0.008 in 3Q 2023) Third quarter 2024 results: EPS: RM0.029 (up from RM0.008 in 3Q 2023). Revenue: RM300.3m (up 39% from 3Q 2023). Net income: RM15.1m (up 274% from 3Q 2023). Profit margin: 5.0% (up from 1.9% in 3Q 2023). The increase in margin was driven by higher revenue. Announcement • May 06
Seng Fong Holdings Berhad Announces Third Interim Dividend for the Financial Year Ending 30 June 2024, Payable on June 19, 2024 Seng Fong Holdings Berhad announced Third Interim Dividend of 1.5 sen per ordinary share in respect of the financial year ending 30 June 2024. Ex-Date 17 May 2024, Entitlement date 20 May 2024. Payment Date 19 June 2024. New Risk • Apr 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.3% 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. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (4.3% increase in shares outstanding). Announcement • Apr 17
Seng Fong Holdings Berhad has filed a Follow-on Equity Offering in the amount of MYR 50.85808 million. Seng Fong Holdings Berhad has filed a Follow-on Equity Offering in the amount of MYR 50.85808 million.
Security Name: Ordianry Shares
Security Type: Common Stock
Securities Offered: 51,896,000
Price\Range: MYR 0.98 Upcoming Dividend • Mar 07
Upcoming dividend of RM0.015 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 05 April 2024. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Malaysian dividend payers (4.8%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 24
Second quarter 2024 earnings released: EPS: RM0.034 (vs RM0.013 in 2Q 2023) Second quarter 2024 results: EPS: RM0.034 (up from RM0.013 in 2Q 2023). Revenue: RM287.6m (up 25% from 2Q 2023). Net income: RM17.4m (up 151% from 2Q 2023). Profit margin: 6.1% (up from 3.0% in 2Q 2023). The increase in margin was driven by higher revenue. Upcoming Dividend • Dec 07
Upcoming dividend of RM0.01 per share at 2.6% yield Eligible shareholders must have bought the stock before 14 December 2023. Payment date: 05 January 2024. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Malaysian dividend payers (5.0%). Lower than average of industry peers (3.2%). Reported Earnings • Nov 30
First quarter 2024 earnings released: EPS: RM0.016 (vs RM0.017 in 1Q 2023) First quarter 2024 results: EPS: RM0.016 (down from RM0.017 in 1Q 2023). Revenue: RM219.4m (down 13% from 1Q 2023). Net income: RM8.29m (down 4.1% from 1Q 2023). Profit margin: 3.8% (up from 3.4% in 1Q 2023). The increase in margin was driven by lower expenses. Announcement • Nov 30
Seng Fong Holdings Berhad Announces First Interim Dividend for the Financial Year Ending 30 June 2024, Payable on 05 January 2024 Seng Fong Holdings Berhad announced First Interim Dividend of 1.0 sen per ordinary share in respect of the financial year ending 30 June 2024. Ex-Date is 14 December 2023. Payment Date is 05 January 2024. Entitlement date is December 15, 2023. Announcement • Oct 31
Seng Fong Holdings Berhad, Annual General Meeting, Nov 29, 2023 Seng Fong Holdings Berhad, Annual General Meeting, Nov 29, 2023, at 11:00 Singapore Standard Time. Location: AMES Hotel, Jalan Pkak 2, Pusat Komersial 75450 Ayer Keroh, Melaka Melaka Malaysia Agenda: To consider and approve for Audited Financial Statements for the financial year ended 30 June 2023 together with the Reports of the Directors and the Auditors thereon ; to consider and approve the re-appointment of Crowe Malaysia PLT as Auditors of the Company and to authorise the Directors to determine their remuneration; and to consider other matters. Announcement • Aug 23
Seng Fong Holdings Berhad Declares Fourth Interim Dividend for the Financial Year Ended 30 June 2023, Payable on 06 Oct. 2023 Seng Fong Holdings Berhad declares Fourth Interim Dividend of 0.5 sen per ordinary share in respect of the financial year ended 30 June 2023, payable on 06 Oct. 2023. Ex-Date 14 Sep. 2023 and Entitlement date 15 Sep. 2023. Reported Earnings • Aug 23
Full year 2023 earnings released: EPS: RM0.044 (vs RM0.089 in FY 2022) Full year 2023 results: EPS: RM0.044 (down from RM0.089 in FY 2022). Revenue: RM937.0m (up 1.6% from FY 2022). Net income: RM22.6m (down 41% from FY 2022). Profit margin: 2.4% (down from 4.1% in FY 2022). The decrease in margin was driven by higher expenses. Announcement • May 26
Seng Fong Holdings Berhad Announces Third Interim Single Tier Dividend for the Financial Year Ending 30 June 2023, Payable on 06 July 2023 Seng Fong Holdings Berhad announced Third Interim single tier Dividend of 0.5 sen per ordinary share in respect of financial year ending 30 June 2023. Ex-Date 14 June 2023, Entitlement date 15 June 2023 and Payment Date 06 July 2023. Reported Earnings • May 25
Third quarter 2023 earnings released: EPS: RM0.008 (vs RM0.026 in 3Q 2022) Third quarter 2023 results: EPS: RM0.008 (down from RM0.026 in 3Q 2022). Revenue: RM215.7m (down 18% from 3Q 2022). Net income: RM4.05m (down 70% from 3Q 2022). Profit margin: 1.9% (down from 5.1% in 3Q 2022). The decrease in margin was driven by lower revenue. Upcoming Dividend • Mar 06
Upcoming dividend of RM0.01 per share at 2.7% yield Eligible shareholders must have bought the stock before 13 March 2023. Payment date: 03 April 2023. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Malaysian dividend payers (5.3%). Lower than average of industry peers (5.5%). Reported Earnings • Feb 18
Second quarter 2023 earnings released: EPS: RM0.013 (vs RM0.013 in 2Q 2022) Second quarter 2023 results: EPS: RM0.013 (in line with 2Q 2022). Revenue: RM230.8m (up 23% from 2Q 2022). Net income: RM6.93m (up 1.7% from 2Q 2022). Profit margin: 3.0% (down from 3.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Announcement • Feb 18
Seng Fong Holdings Berhad Announces Second Interim Dividend for the Financial Year Ending 30 June 2023, Payable on 03 Apr. 2023 Seng Fong Holdings Berhad announced Second Interim Dividend of 1.0 sen per ordinary share in respect of financial year ending 30 June 2023, payable on 03 Apr. 2023. Ex-Date is 13 March 2023. Upcoming Dividend • Dec 07
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 14 December 2022. Payment date: 05 January 2023. Payout ratio is a comfortable 48% and the cash payout ratio is 97%. Trailing yield: 3.1%. Lower than top quartile of Malaysian dividend payers (5.0%). Lower than average of industry peers (5.6%). Announcement • Nov 23
Seng Fong Holdings Berhad Announces First Interim Single Tier Dividend for Financial Year Ending 30 June 2023 Seng Fong Holdings Berhad announced First Interim single tier Dividend of 1.0 sen per ordinary share in respect of financial year ending 30 June 2023. Ex-Date: 14 Dec. 2022. Entitlement date is 15 Dec. 2022. Payment Date is 05 Jan. 2023. Reported Earnings • Nov 23
First quarter 2023 earnings released: EPS: RM0.017 (vs RM0.021 in 1Q 2022) First quarter 2023 results: EPS: RM0.017 (down from RM0.021 in 1Q 2022). Revenue: RM251.7m (up 18% from 1Q 2022). Net income: RM8.65m (down 22% from 1Q 2022). Profit margin: 3.4% (down from 5.2% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 1.8% growth forecast for the Chemicals industry in Malaysia. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. MD & Director Hock Er is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 26
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: RM0.089 (up from RM0.081 in FY 2021). Revenue: RM922.4m (up 20% from FY 2021). Net income: RM38.0m (up 9.8% from FY 2021). Profit margin: 4.1% (down from 4.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.5%. Earnings per share (EPS) missed analyst estimates by 7.8%. Revenue is expected to decline by 1.6% p.a. on average during the next 2 years, while revenues in the Chemicals industry in Malaysia are expected to grow by 1.8%. Announcement • Oct 26
Seng Fong Holdings Berhad, Annual General Meeting, Nov 22, 2022 Seng Fong Holdings Berhad, Annual General Meeting, Nov 22, 2022, at 11:00 Singapore Standard Time. Location: AMES Hotel, Jalan Pkak 2 Pusat Komersial Ayer Keroh Melaka Malaysia Agenda: To consider the Proposed Shareholders's Mandate. Announcement • Aug 25
Seng Fong Holdings Berhad Announces Interim Single Tier Dividend for the Financial Year Ended 30 June 2022, Payable on 23 September 2022 Seng Fong Holdings Berhad announced that the Directors had on 24 August 2022 approved an interim single tier dividend of 3 sen per ordinary share ("Dividend") in respect of the financial year ended 30 June 2022 to the shareholders of the Company whose names appear in the Record of Depositors on 09 September 2022 and the Dividend so declared is payable on 23 September 2022. Ex-Date is September 08, 2022. Reported Earnings • Aug 25
Full year 2022 earnings released: EPS: RM0.073 (vs RM1.68 in FY 2021) Full year 2022 results: EPS: RM0.073. Revenue: RM922.4m (up 20% from FY 2021). Net income: RM38.0m (up 9.8% from FY 2021). Profit margin: 4.1% (down from 4.5% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 5.5% compared to a 9.7% growth forecast for the Chemicals industry in Malaysia. Board Change • Jul 07
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. MD & Director Hock Er is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 
