New Risk • May 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 159% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. 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 Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.0% net profit margin). Market cap is less than US$100m (RM191.3m market cap, or US$48.2m). Reported Earnings • May 26
First quarter 2026 earnings released: EPS: RM0.004 (vs RM0.001 in 1Q 2025) First quarter 2026 results: EPS: RM0.004 (up from RM0.001 in 1Q 2025). Revenue: RM44.5m (down 21% from 1Q 2025). Net income: RM1.95m (up 191% from 1Q 2025). Profit margin: 4.4% (up from 1.2% in 1Q 2025). The increase in margin 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 fallen by 28% per year, which means it is significantly lagging earnings. Announcement • Apr 29
Mudajaya Group Berhad, Annual General Meeting, Jun 30, 2026 Mudajaya Group Berhad, Annual General Meeting, Jun 30, 2026, at 14:30 Singapore Standard Time. Location: crystal plaza, ground floor, lobby 1, hall 2, no. 4a, jalan 51a/223, 46100 petaling jaya, selangor darul ehsan, Malaysia New Risk • Mar 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.1% Last year net profit margin: 23% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (49% net debt to equity). Profit margins are more than 30% lower than last year (5.1% net profit margin). Market cap is less than US$100m (RM236.5m market cap, or US$60.8m). Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: RM0.022 (vs RM0.20 in FY 2024) Full year 2025 results: EPS: RM0.022 (down from RM0.20 in FY 2024). Revenue: RM230.6m (down 38% from FY 2024). Net income: RM11.8m (down 87% from FY 2024). Profit margin: 5.1% (down from 23% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 27
Third quarter 2025 earnings released: EPS: RM0.002 (vs RM0.009 in 3Q 2024) Third quarter 2025 results: EPS: RM0.002 (down from RM0.009 in 3Q 2024). Revenue: RM46.4m (down 36% from 3Q 2024). Net income: RM4.80m (down 74% from 3Q 2024). Profit margin: 10% (down from 26% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: RM0.001 (vs RM0.003 loss in 2Q 2024) Second quarter 2025 results: EPS: RM0.001 (up from RM0.003 loss in 2Q 2024). Revenue: RM54.8m (down 56% from 2Q 2024). Net income: RM2.24m (up RM9.14m from 2Q 2024). Profit margin: 4.1% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. New Risk • Jun 20
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 9.0% 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 Interest payments are not well covered by earnings (0.1x net interest cover). Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (RM225.9m market cap, or US$53.1m). Reported Earnings • Jun 02
First quarter 2025 earnings released: EPS: RM0 (vs RM0.005 loss in 1Q 2024) First quarter 2025 results: EPS: RM0 (improved from RM0.005 loss in 1Q 2024). Revenue: RM56.3m (down 30% from 1Q 2024). Net income: RM671.0k (up RM10.7m from 1Q 2024). Profit margin: 1.2% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. New Risk • May 13
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.1x net interest cover). Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (RM279.0m market cap, or US$64.5m). New Risk • May 09
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 878% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Minor Risks High level of debt (52% net debt to equity). Share price has been volatile over the past 3 months (9.1% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (RM265.7m market cap, or US$61.6m). Announcement • Apr 29
Mudajaya Group Berhad, Annual General Meeting, Jun 04, 2025 Mudajaya Group Berhad, Annual General Meeting, Jun 04, 2025, at 14:30 Singapore Standard Time. Location: crystal plaza, ground floor, lobby 1, hall 2, no. 4a, jalan 51a/223, 46100 petaling jaya, selangor darul ehsan, Malaysia Announcement • Mar 28
Mudajaya Group Berhad Announces Resignation of Dato Amin Rafie Bin Othman as Independent and Non Executive Deputy Chairman, Effective 31 March 2025 Mudajaya Group Berhad announced resignation of Dato Amin Rafie Bin Othman, age 65, as Independent and Non Executive Deputy Chairman Date of change 31 March 2025. Reason: Personal reasons. New Risk • Mar 01
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (13% average weekly change). Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Minor Risk Market cap is less than US$100m (RM305.6m market cap, or US$68.5m). New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 42% This is considered a major 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 Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Minor Risk Market cap is less than US$100m (RM279.0m market cap, or US$62.0m). Announcement • Jan 01
Mudajaya Group Berhad Announces the Appointment of Datuk Wira Arham Bin Abdul Rahman as Independent and Non Executive Member of Nomination and Remuneration Committee Mudajaya Group Berhad announced the appointment of Datuk Wira Arham Bin Abdul Rahman as Independent and Non Executive Member of Nomination and Remuneration Committee, age 61, Date of change 31 Dec. 2024. (Name and Directorate of members after change) The new composition of the Combined Nomination and Remuneration Committee, effective 31 December 2024, Composition of Nomination and Remuneration: 1. Oei Su Lee (Chairperson, Independent and Non-Executive) 2. Datuk Wira Arham Bin Abdul Rahman (Member, Independent and Non-Executive) 3. Leong Choon Meng (Member, Independent and Non-Executive). New Risk • Dec 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Malaysian stocks, typically moving 12% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Shareholders have been diluted in the past year (42% increase in shares outstanding). Market cap is less than US$100m (RM332.2m market cap, or US$74.3m). Reported Earnings • Nov 29
Third quarter 2024 earnings released: EPS: RM0.01 (vs RM0.003 loss in 3Q 2023) Third quarter 2024 results: EPS: RM0.01 (up from RM0.003 loss in 3Q 2023). Revenue: RM73.0m (down 41% from 3Q 2023). Net income: RM18.6m (up RM23.5m from 3Q 2023). Profit margin: 26% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 30
Second quarter 2024 earnings released: RM0.003 loss per share (vs RM0.013 loss in 2Q 2023) Second quarter 2024 results: RM0.003 loss per share (improved from RM0.013 loss in 2Q 2023). Revenue: RM123.9m (up 1.8% from 2Q 2023). Net loss: RM6.90m (loss narrowed 72% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 05
First quarter 2024 earnings released: RM0.005 loss per share (vs RM0.001 loss in 1Q 2023) First quarter 2024 results: RM0.005 loss per share (further deteriorated from RM0.001 loss in 1Q 2023). Revenue: RM80.5m (down 22% from 1Q 2023). Net loss: RM10.1m (loss widened RM9.18m from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Jun 01
Mudajaya Group Berhad Appoints Beh Siew Siew as Joint Company Secretary Mudajaya Group Berhad announced appointment of Beh Siew Siew as Joint Company Secretary. Date of Change is 04 June 2024. Announcement • May 01
Mudajaya Group Berhad, Annual General Meeting, Jun 13, 2024 Mudajaya Group Berhad, Annual General Meeting, Jun 13, 2024, at 14:30 Singapore Standard Time. Location: 12th Floor, Menara Symphony, No. 5, Jalan Prof. Khoo Kay Kim Seksyen 13, 46200 Petaling JayaM Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31 December 2023 together with the Directors' and Auditors' Reports thereon; to re-elect Mr James Wong Tet Foh who retires by rotation pursuant to Clause 106 of the Company's Constitution and being eligible, has offered himself for re-election; to approve the payment of Directors' fees and benefits to the Non-Executive Directors of the Company for the period from 14 June 2024 until the conclusion of the next AGM of the Company to be held in 2025; to re-appoint Messrs Deloitte PLT as Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration; and to discuss other matters. Announcement • Mar 30
Mudajaya Group Berhad Announces Resignation of Lee Eng Leong as Executive Chairman Mudajaya Group Berhad announced resignation of LEE ENG LEONG as Executive Chairman. Age is 56. Date of change is 01 April 2024. Reason is To pursue other interests. Reported Earnings • Mar 01
Full year 2023 earnings released: RM0.027 loss per share (vs RM0.013 profit in FY 2022) Full year 2023 results: RM0.027 loss per share (down from RM0.013 profit in FY 2022). Revenue: RM460.7m (up 51% from FY 2022). Net loss: RM51.7m (down 394% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Feb 05
Mudajaya Group Berhad Announces Resignation of Tan Kit Yee as Joint Secretary Mudajaya Group Berhad announced the resignation of Tan Kit Yee as Joint Secretary. Date Of Change 05 February 2024. Reported Earnings • Dec 01
Third quarter 2023 earnings released: RM0.003 loss per share (vs RM0.003 profit in 3Q 2022) Third quarter 2023 results: RM0.003 loss per share (down from RM0.003 profit in 3Q 2022). Revenue: RM124.2m (up 105% from 3Q 2022). Net loss: RM4.96m (down 235% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 30
Second quarter 2023 earnings released: RM0.013 loss per share (vs RM0.001 profit in 2Q 2022) Second quarter 2023 results: RM0.013 loss per share (down from RM0.001 profit in 2Q 2022). Revenue: RM121.7m (up 77% from 2Q 2022). Net loss: RM24.9m (down RM25.6m from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 01
First quarter 2023 earnings released: RM0.001 loss per share (vs RM0.001 profit in 1Q 2022) First quarter 2023 results: RM0.001 loss per share (down from RM0.001 profit in 1Q 2022). Revenue: RM103.7m (up 54% from 1Q 2022). Net loss: RM888.0k (down 165% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: RM0.013 (vs RM0.008 in FY 2021) Full year 2022 results: EPS: RM0.013 (up from RM0.008 in FY 2021). Revenue: RM305.2m (up 5.7% from FY 2021). Net income: RM18.1m (up 181% from FY 2021). Profit margin: 5.9% (up from 2.2% in FY 2021). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 03
Third quarter 2022 earnings released: EPS: RM0.002 (vs RM0.007 loss in 3Q 2021) Third quarter 2022 results: EPS: RM0.002 (up from RM0.007 loss in 3Q 2021). Revenue: RM69.5m (up 25% from 3Q 2021). Net income: RM2.07m (up RM6.48m from 3Q 2021). Profit margin: 3.0% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 30
Second quarter 2022 earnings released: EPS: RM0.001 (vs RM0.005 loss in 2Q 2021) Second quarter 2022 results: EPS: RM0.001 (up from RM0.005 loss in 2Q 2021). Revenue: RM68.8m (up 11% from 2Q 2021). Net income: RM659.0k (up RM3.95m from 2Q 2021). Profit margin: 1.0% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Board Change • May 31
High number of new directors Independent & Non Executive Director Su Oei was the last director to join the board, commencing their role in 2022. Reported Earnings • May 29
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: RM0.001 (up from RM0.005 loss in 1Q 2021). Revenue: RM67.5m (down 9.6% from 1Q 2021). Net income: RM1.38m (up RM4.36m from 1Q 2021). Profit margin: 2.0% (up from net loss in 1Q 2021). Revenue exceeded analyst estimates by 29%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • May 02
Mudajaya Group Berhad, Annual General Meeting, Jun 15, 2022 Mudajaya Group Berhad, Annual General Meeting, Jun 15, 2022, at 14:30 Singapore Standard Time. Location: Level 11, Menara Mudajaya, No. 12A, Jalan PJU 7/3, Mutiara Damansara, 47810 Petaling Jaya, SELANGOR DARUL EHSAN Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31 December 2021 together with the Directors' and Auditors' Reports thereon; to re-elect Mr Chew Hoy Ping who retires by rotation pursuant to Clause 106 of the Company's Constitution and being eligible, has offered himself for re-election; to re-elect Ms Oei Su Lee who retires pursuant to Clause 89 of the Company's Constitution and being eligible, has offered herself for re-election; to approve the payment of Directors' fees and benefits to the Non-Executive Directors of the Company for the period from 16 June 2022 until the conclusion of the next AGM of the Company to be held in 2023; to re-appoint Messrs KPMG PLT as Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration; and to consider other matters. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non Executive Director Amin Bin Othman was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 27
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: RM0.007 (up from RM0.078 loss in FY 2020). Revenue: RM288.7m (down 17% from FY 2020). Net income: RM5.79m (up RM53.6m from FY 2020). Profit margin: 2.0% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 29%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 02
Third quarter 2021 earnings: EPS and revenues exceed analyst expectations Third quarter 2021 results: RM0.007 loss per share (down from RM0.005 loss in 3Q 2020). Revenue: RM55.6m (down 37% from 3Q 2020). Net loss: RM4.41m (loss widened 39% from 3Q 2020). Revenue exceeded analyst estimates by 29%. Earnings per share (EPS) also surpassed analyst estimates by 134%. Earnings per share (EPS) surpassed analyst estimates by 134%. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 26
Second quarter 2021 earnings released: RM0.005 loss per share (vs RM0.004 loss in 2Q 2020) The company reported a mediocre second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: RM62.0m (up 32% from 2Q 2020). Net loss: RM3.29m (loss widened 39% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Reported Earnings • May 25
First quarter 2021 earnings released: RM0.005 loss per share (vs RM0.011 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: RM74.6m (down 14% from 1Q 2020). Net loss: RM2.98m (loss narrowed 53% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 26
Full year 2020 earnings released: RM0.078 loss per share (vs RM0.14 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: RM348.4m (down 12% from FY 2019). Net loss: RM47.5m (loss narrowed 42% from FY 2019). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 28
New 90-day high: RM0.30 The company is up 22% from its price of RM0.24 on 29 September 2020. The Malaysian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 13% over the same period. Reported Earnings • Nov 27
Third quarter 2020 earnings released: RM0.005 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: RM88.8m (down 19% from 3Q 2019). Net loss: RM3.17m (down 491% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 30
New 90-day low: RM0.21 The company is down 23% from its price of RM0.28 on 30 July 2020. The Malaysian market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 8.0% over the same period. Is New 90 Day High Low • Oct 06
New 90-day low: RM0.22 The company is down 21% from its price of RM0.28 on 08 July 2020. The Malaysian market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 6.0% over the same period. Announcement • Aug 27
Mudajaya Group Berhad has completed a Follow-on Equity Offering in the amount of MYR 14.086096 million. Mudajaya Group Berhad has completed a Follow-on Equity Offering in the amount of MYR 14.086096 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 58,987,000
Price\Range: MYR 0.2388
Transaction Features: Subsequent Direct Listing