Announcement • Jun 15
Tropicana Corporation Berhad Announces Appointment of Datuk Seri Dr. Hajah Zurainah Binti Musa as Independent and Non Executive Director, Effective June 15, 2026 Tropicana Corporation Berhad announced that Datuk Seri Dr. Hajah Zurainah Binti Musa has been appointed as Independent Director (Independent and Non Executive) effective June 15, 2026. Datuk Seri Dr. Hajah Zurainah Musa, aged 64, Datuk Seri Dr. Hajah Zurainah Musa is a former Senator in the Dewan Negara (Upper House) of the Malaysian Parliament and a former member of the Economic Action Council, the nation's highest economic advisory body chaired by the Prime Minister. Her strategic vision and leadership extend across government, corporate, and academic domains. She currently serves as a Director of UZMA Berhad, a public-listed entity in the oil and gas sector, and as a board member of the Malaysian Timber Industry Board (MTIB). Additionally, she contributes as a member of the Advisory Council for MAHSA University's Haniffa Business School and the Chairman of the KNKV Group, an advertising, marketing & creative agency. Her previous corporate leadership includes her role as Executive Director of Berjaya Corporation Berhad, where she was the head of Berjaya Corporation's Strategic Relations Department. In that role, she spearheaded strategic relations, explored new business opportunities, negotiated high-value ventures, and maintained critical government and corporate partnerships. Datuk Seri Dr. Hajah Zurainah's governance expertise is evident from her tenure as a director for key organizations, including the Lembaga Penduduk Dan Pembangunan Keluarga Negara (2020-2022), Boustead Holdings Berhad (2020-2023), and the Federal Agricultural Marketing Authority (2013-2018). She also served as Chairman of the National Film Development Corporation Malaysia (FINAS) in 2022. Beyond corporate and government roles, she is actively engaged in various non-governmental organizations. With over 25 years of professional experience, she has excelled in human resource management, networking, and negotiations across Malaysia, Australia, the United States, Indonesia, and the Middle East. Her contributions include designing and implementing impactful training programs, providing expert consultancy in human resource development, and fostering organizational excellence. Directorships in public companies and listed issuers (if any) include UZMA Berhad. Her educational qualifications include a Doctor of Philosophy in Management from Universiti Kuala Lumpur (UniKL) and a Master of Business Administration from Berjaya University College of Hospitality. Reported Earnings • May 29
First quarter 2026 earnings released: RM0.01 loss per share (vs RM0.001 profit in 1Q 2025) First quarter 2026 results: RM0.01 loss per share (down from RM0.001 profit in 1Q 2025). Revenue: RM313.7m (up 21% from 1Q 2025). Net loss: RM14.4m (down RM15.7m from profit in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Apr 29
Tropicana Corporation Berhad, Annual General Meeting, Jun 24, 2026 Tropicana Corporation Berhad, Annual General Meeting, Jun 24, 2026, at 11:00 Singapore Standard Time. Location: ballroom i main wing, tropicana golf & country resort, jalan kelab tropicana, 47410 petaling jaya, selangor darul ehsan, Malaysia Reported Earnings • Mar 02
Full year 2025 earnings released: RM0.049 loss per share (vs RM0.091 loss in FY 2024) Full year 2025 results: RM0.049 loss per share (improved from RM0.091 loss in FY 2024). Revenue: RM1.49b (up 6.0% from FY 2024). Net loss: RM83.3m (loss narrowed 60% from FY 2024). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 27
Third quarter 2025 earnings released: RM0.027 loss per share (vs RM0.20 loss in 3Q 2024) Third quarter 2025 results: RM0.027 loss per share (improved from RM0.20 loss in 3Q 2024). Revenue: RM422.4m (up 109% from 3Q 2024). Net loss: RM56.3m (loss narrowed 88% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Oct 02
Tropicana Corporation Berhad Announces the Redesignation of Din Tan Yong Chia from Group Managing Director to Deputy Chief Executive Officer, Effective October 02, 2025 Tropicana Corporation Berhad announced the redesignation of DIN TAN YONG CHIA, aged 32, from Group Managing Director to Deputy Chief Executive Officer. He holds a Master's degree in Science in Management with Information Systems and Digital Innovation from the London School of Economics and Political Science, United Kingdom. Additionally, they earned a Science in Management degree from Cass Business School, City University of London. Working experience and occupation: Mr. Din Tan Yong Chia graduated with a Bachelor of Science in Management from Cass Business School, City University, London in 2014. He obtained a Master of Science in Management with information Systems and Digital Innovation from London School of Economics and Political Science, United Kingdom in 2015. After an internship with Morgan Stanley in their Private Wealth Management division, Mr. Din Tan Yong Chia joined the Digital Marketing division of a local tech start-up for a year, prior to joining Tropicana Corporation Berhad Group's Marketing Department. Family relationship with any director and/or major shareholder of the listed issuer Mr. Din Tan Yong Chia's father, Tan Sri Dato' Tan Chee Sing, is the Group Executive Vice Chairman and a major shareholder of Tropicana Corporation Berhad. His brother, Mr. Dion Tan Yong Chien and his brother in-law, Mr. Jared Ang Tzer Shen, both the Group Non-Independent Non-Executive Directors of Tropicana. Reported Earnings • Aug 28
Second quarter 2025 earnings released: EPS: RM0.001 (vs RM0.019 in 2Q 2024) Second quarter 2025 results: EPS: RM0.001 (down from RM0.019 in 2Q 2024). Revenue: RM330.2m (down 14% from 2Q 2024). Net income: RM10.0m (down 77% from 2Q 2024). Profit margin: 3.0% (down from 11% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • May 06
Full year 2024 earnings released: RM0.091 loss per share (vs RM0.08 loss in FY 2023) Full year 2024 results: RM0.091 loss per share (further deteriorated from RM0.08 loss in FY 2023). Revenue: RM1.41b (down 5.7% from FY 2023). Net loss: RM208.5m (loss widened 20% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Apr 29
Tropicana Corporation Berhad, Annual General Meeting, Jun 25, 2025 Tropicana Corporation Berhad, Annual General Meeting, Jun 25, 2025, at 11:00 Singapore Standard Time. Location: ballroom i & ii main wing, tropicana golf & country resort, jalan kelab tropicana, 47410 petaling jaya, selangor darul ehsan, Malaysia Reported Earnings • Mar 02
Full year 2024 earnings released: RM0.086 loss per share (vs RM0.08 loss in FY 2023) Full year 2024 results: RM0.086 loss per share (further deteriorated from RM0.08 loss in FY 2023). Revenue: RM1.40b (down 6.3% from FY 2023). Net loss: RM195.9m (loss widened 13% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Dec 03
Tropicana Corporation Berhad Appoints Mark Victor Rozario as Executive Non-Independent Director Tropicana Corporation Berhad announced appointment of Datuk Mark Victor Rozario as Executive Non-Independent Director, effective December 3, 2024. Age is 60. Qualifications: Senior Management Program/Business, Harvard Business School; Chartered Accountant, Institute of Chartered Accountants in England and Wales, FCA; Bachelor of Science, London School of Economics (LSE). Working experience and occupation: Director, Bond Pricing Agency Malaysia Sdn Bhd. Working experience: August 2017 to February 2020: Chief Executive Officer at General Electric (Malaysia). June 2011 - July 2017: Chief Executive Officer & Member of Governance Council at Agensi Inovasi Malaysia (AIM)/National Innovation Agency of Malaysia. April 2008 - June 2011: Group Managing Director at Country Heights Holdings Berhad. February 1997 to April 2008: Executive Director at Sunway Holdings Incorporated Berhad (now known as Sunway Berhad) Group Chief Financial Officer at Sunway Group. April 1992 to February 1997: Controller, East Asia at Schlumberger Limited. February 1986 to April 1992: Manager at KPMG Peat Marwick (United Kingdom). Directorships in public companies and listed issuers (if any): PETRONAS Gas Berhad, Citibank Berhad. Reported Earnings • Nov 28
Third quarter 2024 earnings released: RM0.20 loss per share (vs RM0.005 loss in 3Q 2023) Third quarter 2024 results: RM0.20 loss per share (further deteriorated from RM0.005 loss in 3Q 2023). Revenue: RM201.9m (down 50% from 3Q 2023). Net loss: RM454.9m (loss widened RM444.6m from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. New Risk • Nov 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.9% 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 Earnings have declined by 65% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (8.9% increase in shares outstanding). Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: RM0.019 (vs RM0 in 2Q 2023) Second quarter 2024 results: EPS: RM0.019 (up from RM0 in 2Q 2023). Revenue: RM384.7m (down 17% from 2Q 2023). Net income: RM43.6m (up RM43.3m from 2Q 2023). Profit margin: 11% (up from 0.1% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Jul 11
Tropicana Corporation Berhad Approves the Appointment of Dato' Sri Badrul Hisham Bin Abdul Aziz as Independent and Non Executive Member of Audit Committee Tropicana Corporation Berhad approved the appointment of Dato' Sri Badrul Hisham Bin Abdul Aziz as Independent and Non Executive Member of Audit Committee, age 39, Date of change 11 Jul 2024, Composition of Audit Committee: Koh Huey Min [Independent Non-Executive Director] (Chairperson) Alice Dora Boucher [Independent Non-Executive Director] (Member) Vivienne Cheng Chi Fan [Independent Non-Executive Director] (Member) Dato' Sri Badrul Hisham Bin Abdul Aziz [Independent Non-Executive Director] (Member). Reported Earnings • Jun 04
First quarter 2024 earnings released First quarter 2024 results: Revenue: RM291.3m (up 14% from 1Q 2023). Net income: RM2.04m (up RM7.27m from 1Q 2023). Profit margin: 0.7% (up from net loss in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Announcement • May 01
Tropicana Corporation Berhad, Annual General Meeting, Jun 24, 2024 Tropicana Corporation Berhad, Annual General Meeting, Jun 24, 2024, at 11:00 Singapore Standard Time. Location: Level 7, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Damansara Heights Kuala Lumpur Wilayah Persekutuan Malaysia Agenda: To consider and approve the Audited Financial Statements for the financial year ended 31 December 2023 together with the Reports of the Directors and the Auditors thereon; to consider and approve the payment of fee of Directors; to consider and approve the election of Directors; to consider and approve the re-appointment of the Ernst & Young PLT as Auditors of the Company; and to consider and approve any other matters. Announcement • Mar 21
Tropicana Corporation Berhad Announced the Redesignation of Mr. Din Tan Yong Chia from Executive Director to Group Managing Director Tropicana Corporation Berhad announced the redesignation of Mr. Din Tan Yong Chia, aged 31 from Executive Director to Group Managing Director of the company with effect from 19 Mar 2024. Qualifications: Masters in Science in Management with Information Systems and Digital Innovation from London School of Economics and Political Science, United Kingdom. Degree in Science in Management from Cass Business School, City University of London. Working experience and occupation: Mr. Din Tan Yong Chia graduated with a Bachelor of Science in Management from Cass Business School, City University, London in 2014. He obtained a Master of Science in Management with information Systems and Digital Innovation from London School of Economics and Political Science, United Kingdom in 2015. After an internship with Morgan Stanley in their Private Wealth Management division, Mr. Din Tan Yong Chia joined the Digital Marketing division of a local tech start-up for a year, prior to joining Tropicana Corporation Berhad Group's Marketing Department. Mr. Din Tan Yong Chia's father, Tan Sri Dato' Tan Chee Sing, is the Group Executive Vice Chairman and a major shareholder of Tropicana Corporation Berhad ("Tropicana"). His brother, Mr. Dion Tan Yong Chien, is the Group Non-Independent Non-Executive Director of Tropicana. His brother in-law, Mr. Jared Ang Tzer Shen, is the Group Non-Independent Non-Executive Director of Tropicana. Board Change • Feb 28
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent & Non Executive Director Huey Koh was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 28
Tropicana Corporation Berhad Announces Resignation Dato' Dickson Tan Yong Loong as Non Independent and Non Executive Director Tropicana Corporation Berhad announced resignation of DATO' DICKSON TAN YONG LOONG as Non Independent and Non Executive Director due to Dato' Dickson Tan Yong Loong has tendered his resignation due to his other commitments. Date of change is February 28, 2024. Age is 42. Announcement • Feb 27
Tropicana Corporation Berhad Announces Redesignation of Dion Tan Yong Chien from Managing Director to Non Independent and Non Executive Director Tropicana Corporation Berhad announced redesignation of Mr. Dion Tan Yong Chien from Managing Director to Non Independent and Non Executive Director. Date of change is February 26, 2024. Age is 34. Announcement • Nov 30
Tropicana Corporation Berhad Announces Changes in Accounting Policies Arising from Adoption of New Standards, Amendments and Interpretations Tropicana Corporation Berhad announced Changes in accounting policies arising from adoption of new standards, amendments and interpretations (cont'd.) The followings are new standards, amendments and interpretations that have been issued by the MASB but have not been early adopted by the Group: Effective for financial periods beginning on or after 1 January 2024: Amendments to MFRS 7 and MFRS 107: Supplier Finance Arrangements; Amendments to MFRS 16: Lease Liability in a Sale and Leaseback Amendments to MFRS 101: Non-current Liabilities with Covenants. Effective date deferred to a date to be determined by MASB: Amendments to MFRS 10 and MFRS 128: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture; Effective for financial periods beginning on or after 1 January 2025: Amendments to MFRS 121: Lack of Exchangeability. Reported Earnings • Nov 29
Third quarter 2023 earnings released: RM0.005 loss per share (vs RM0.012 loss in 3Q 2022) Third quarter 2023 results: RM0.005 loss per share (improved from RM0.012 loss in 3Q 2022). Revenue: RM402.8m (up 25% from 3Q 2022). Net loss: RM10.3m (loss narrowed 61% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 122 percentage points per year, which is a significant difference in performance. Buying Opportunity • Oct 02
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 6.8%. The fair value is estimated to be RM1.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Sep 13
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 8.9%. The fair value is estimated to be RM1.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Announcement • Sep 07
Tropicana Corporation Berhad Appoints Chan Tze Leong as Joint Secretary Tropicana Corporation Berhad appoints CHAN TZE LEONG as Joint Secretary. Working experience and occupation during past 5 years: Dr. Chan Tze Leong joins the Company from Handal Energy Berhad. Prior to this, he was the Company Secretary in Proton Holdings Berhad where he held a number of roles in company secretarial, corporate strategy and data analytics. He also held the position as Company Secretary in WCT Holdings Bhd and UEM Sunrise Bhd, and as a Technical Manager in Malaysian Institute of Corporate Governance. He has more than 26 years legal and regulatory experience in oil and gas, automotive/engineering, construction and property sectors. Date Of Change 06 September 2023. License No MAICSA 7012224. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: RM0 (vs RM0.037 loss in 2Q 2022) Second quarter 2023 results: EPS: RM0 (improved from RM0.037 loss in 2Q 2022). Revenue: RM464.5m (up 120% from 2Q 2022). Net income: RM11.4m (up RM73.0m from 2Q 2022). Profit margin: 2.5% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 127 percentage points per year, which is a significant difference in performance. Announcement • Aug 30
Tropicana Corporation Berhad Announces Resignation of Tan Gin Ling as Joint Secretary Tropicana Corporation Berhad announced resignation of Tan Gin Ling as Joint Secretary. Date Of Change: 29 August 2023. Announcement • Jul 22
Tropicana Corporation Berhad Announces the Appointment of Mr. Din Tan Yong Chia as Executive Director Tropicana Corporation Berhad announced the appointment of Mr. Din Tan Yong Chia as Executive Director. Date of change is 20 July 2023. Age is 30. Mr. Din Tan Yong Chia graduated with a Bachelor of Science in Management from Cass Business School, City University, London in 2014. He obtained a Master of Science in Management with information Systems and Digital Innovation from London School of Economics and Political Science, United Kingdom in 2015. After an internship with Morgan Stanley in their Private Wealth Management division, Mr. Din Tan Yong Chia joined the Digital Marketing division of a local tech start-up for a year, prior to joining Tropicana Corporation Berhad Group's Marketing Department. Mr. Din Tan Yong Chia's father, Tan Sri Dato' Tan Chee Sing, is the Group Executive Vice Chairman and a major shareholder of Tropicana Corporation Berhad ("Tropicana"). His brother, Mr. Dion Tan Yong Chien, is the Group Managing Director of Tropicana and Dato' Dickson Tan Yong Loong, is the Group Non-Independent Non-Executive Director of Tropicana. His brother in-law, Mr. Jared Ang Tzer Shen, is the Group Executive Director of Tropicana. Reported Earnings • May 30
First quarter 2023 earnings released: EPS: RM0.003 (vs RM0.022 loss in 1Q 2022) First quarter 2023 results: EPS: RM0.003 (up from RM0.022 loss in 1Q 2022). Revenue: RM256.7m (up 15% from 1Q 2022). Net income: RM5.76m (up RM39.2m from 1Q 2022). Profit margin: 2.2% (up from net loss in 1Q 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 143 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 01
Full year 2022 earnings released: RM0.24 loss per share (vs RM0.036 loss in FY 2021) Full year 2022 results: RM0.24 loss per share (further deteriorated from RM0.036 loss in FY 2021). Revenue: RM1.01b (up 16% from FY 2021). Net loss: RM429.1m (loss widened RM377.0m from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 141 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 25
Third quarter 2022 earnings released: RM0.012 loss per share (vs RM0.026 loss in 3Q 2021) Third quarter 2022 results: RM0.012 loss per share (improved from RM0.026 loss in 3Q 2021). Revenue: RM321.6m (up 89% from 3Q 2021). Net loss: RM15.0m (loss narrowed 60% from 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Announcement • Sep 07
Tropicana Corporation Berhad Appoints DATUK TAN MANN CHAI, JP as Independent and Non Executive Director Tropicana Corporation Berhad appointed DATUK TAN MANN CHAI, JP as Independent and Non Executive Director. Date of change is 5 September 2022. Age:67; Gender: male. Nationality: Malaysia. Qualifications: Sekolah Menengah Kebangsaan Saint Michael. Working experience and occupation: Datuk Tan Mann Chai, JP ("Datuk Tan"), has more than 30 years of experience in the marketing industry. He has experience in several industries, particularly property development and construction. With an entrepreneurial background, Datuk Tan is the Executive Director of Berjaya Construction Berhad, formerly known as Berjaya Engineering Construction Sdn Bhd, a property development company, involved in investment, management, supervision, and construction of buildings in both private and public sectors. Before joining Berjaya Construction Berhad, Datuk Tan was the Executive Director of Air Utara Indah Sdn Bhd since 2013, a privatised company in Kedah, Malaysia to undertake the water privatisation project by taking over the operations and maintenance of five water treatment plants in Kedah. Directorships in public companies and listed issuers (if any): Berjaya Construction Berhad. Reported Earnings • Aug 26
Second quarter 2022 earnings released: RM0.037 loss per share (vs RM0.017 loss in 2Q 2021) Second quarter 2022 results: RM0.037 loss per share (down from RM0.017 loss in 2Q 2021). Revenue: RM211.4m (up 8.4% from 2Q 2021). Net loss: RM50.6m (loss widened 102% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Announcement • Aug 26
Tropicana Corporation Berhad Appoints Dato' Mohamad Lotfy Bin Mohamad Noh as Independent and Non Executive Director Tropicana Corporation Berhad appointed Dato' Mohamad Lotfy Bin Mohamad Noh as Independent and Non Executive Director. Date of change is 25 August 2022. His age is 62; gender is male and nationality is Malaysia. Qualifications: Advance Diploma in Business Studies from Universiti Teknologi MARA (UiTM); Diploma in Marketing from The Chartered Institute of Marketing, United Kingdom (CIM, UK). Working experience and occupation: Dato' Mohamad Lotfy Bin Mohamad Noh (Dato' Mohamad Lotfy) holds an Advance Diploma in Business Studies from Universiti Teknologi MARA (UiTM) and a Diploma in Marketing (CIM,UK).Dato' Mohammad Lotfy's vast career path began at Public Bank Berhad before moving to Kwong Yik Finance Bhd back in 1986. From the banking industry, he moved into property development in 1990 and subsequently served in four leading property companies which includes MK Associates Sdn Bhd, Land & General Berhad, Golden Hope Properties Sdn Bhd and Island and Peninsular Berhad. After more than three decades, Dato' Mohamad Lofty brings a mastery competency in breakthrough thinking in leadership, business and value-add development. His attributes include a strong credibility in property development to include investment, finance and marketing. An authority on managing growth and increasing shareholder value, he joined the Property Investment Division of the Employees Provident Fund Board (EPF) as General Manager in 2005. At EPF, Dato' Mohamad Lofty managed mega property deals with Gross Development Value (GDV) of over RM5.0 billion. It was also in EPF where Dato' Mohamad Lofty had established overseas property ventures for the funds multi-billion Ringgit investment portfolio and pioneered the property acquisition in the United Kingdom and Australia where he was instrumental in setting up of the base foundations for the investments. Dato' Mohamad Lofty also led the property investment team of EPF in the acquisition of the last prime piece of land in Sungai Buloh with a projected GDV of RM50 billion. Since 2011, Dato' Mohamad Lofty was the Managing Director of Kwasa Land Sdn Bhd, a wholly-owned subsidiary of EPF and the master developer for township development of Kwasa Damansara in Selangor, noted to be one of the large development in the state until his retirement in March 2020. Dato' Mohamad Lotfy is currently an independent board member of Johor Land Berhad and Naza TTDI Sdn Bhd. Directorships in public companies and listed issuers (if any): Johor Land Berhad. Announcement • May 12
Tropicana Corporation Berhad, Annual General Meeting, Jun 23, 2022 Tropicana Corporation Berhad, Annual General Meeting, Jun 23, 2022, at 11:00 Singapore Standard Time. Location: Level 7, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Damansara Heights,50490 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur Wilayah Persekutuan Malaysia Agenda: To consider and receive the Audited Financial Statements for the financial year ended 31 December 2021 together with the Reports of the Directors and the Auditors thereon; to re-elect the Directors; To approve the payment of Directors' fees to the Non-Executive Directors; to re-appoint Ernst & Young PLT as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorize the Directors to fix their remuneration; and to discuss other matters. Reported Earnings • May 02
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: RM0.036 loss per share (down from RM0.064 profit in FY 2020). Revenue: RM876.0m (down 18% from FY 2020). Net loss: RM52.2m (down 157% from profit in FY 2020). Revenue missed analyst estimates by 14%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Apr 22
Tropicana Corporation Berhad Announces Resignation of Mr. Lee Han Ming as Group Chief Executive Officer Tropicana Corporation Berhad announced the resignation of Mr. Lee Han Ming as Group Chief Executive Officer. Date of change is 01 May 2022. Reported Earnings • Feb 27
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: RM0.036 loss per share (down from RM0.064 profit in FY 2020). Revenue: RM869.7m (down 18% from FY 2020). Net loss: RM52.2m (down 157% from profit in FY 2020). Revenue missed analyst estimates by 14%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Dec 01
Third quarter 2021 earnings: EPS and revenues miss analyst expectations Third quarter 2021 results: RM0.026 loss per share (down from RM0.01 profit in 3Q 2020). Revenue: RM170.5m (down 24% from 3Q 2020). Net loss: RM32.3m (down 322% from profit in 3Q 2020). Revenue missed analyst estimates by 14%. Earnings per share (EPS) were also behind analyst expectations. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Sep 29
Second quarter 2021 earnings released: RM0.017 loss per share (vs RM0.017 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: RM195.0m (down 42% from 2Q 2020). Net loss: RM20.7m (down 185% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Executive Departure • Jul 13
Chief Financial Officer Lai Lim has left the company On the 30th of June, Lai Lim's tenure as Chief Financial Officer ended after 6.8 years in the role. We don't have any record of a personal shareholding under Lai's name. A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 2.88 years. Reported Earnings • May 21
First quarter 2021 earnings released: EPS RM0.002 (vs RM0.004 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: RM240.5m (up 69% from 1Q 2020). Net income: RM6.63m (up 28% from 1Q 2020). Profit margin: 2.8% (down from 3.6% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS RM0.064 (vs RM0.22 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: RM1.06b (down 6.8% from FY 2019). Net income: RM92.0m (down 71% from FY 2019). Profit margin: 8.7% (down from 28% in FY 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Mar 18
Tropicana Corporation Berhad Resigns Datuk Siw Chun A/P Eam as Independent and Non Executive Member of Audit Committee Tropicana Corporation Berhad resigned DATUK SIW CHUN A/P EAM as Independent and Non Executive Member of Audit Committee. Date of change: 17 March 2021. Is New 90 Day High Low • Feb 10
New 90-day high: RM0.89 The company is up 5.0% from its price of RM0.84 on 12 November 2020. The Malaysian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Real Estate industry, which is up 14% over the same period. Executive Departure • Feb 06
Independent & Non Executive Director has left the company On the 4th of February, Hafez Mohd Bin Razman Md Hashim's tenure as Independent & Non Executive Director ended after 2.6 years in the role. We don't have any record of a personal shareholding under Hafez Mohd's name. A total of 5 executives have left over the last 12 months. Is New 90 Day High Low • Dec 14
New 90-day low: RM0.81 The company is down 8.0% from its price of RM0.88 on 15 September 2020. The Malaysian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 18% over the same period.