Major Estimate Revision • Jun 03
Consensus EPS estimates increase by 17% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from RM0.012 to RM0.014. Revenue forecast steady at RM816.0m. Net income forecast to shrink 37% next year vs 7.3% growth forecast for Media industry in Malaysia . Consensus price target reaffirmed at RM0.33. Share price fell 4.5% to RM0.32 over the past week. Reported Earnings • May 28
Third quarter 2026 earnings released: EPS: RM0.002 (vs RM0.001 in 3Q 2025) Third quarter 2026 results: EPS: RM0.002 (up from RM0.001 in 3Q 2025). Revenue: RM192.1m (down 9.2% from 3Q 2025). Net income: RM2.37m (up 73% from 3Q 2025). Profit margin: 1.2% (up from 0.6% in 3Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Media industry in Malaysia are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Mar 04
Consensus EPS estimates fall by 16% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from RM0.014 to RM0.012 per share. Revenue forecast steady at RM808.5m. Net income forecast to shrink 44% next year vs 32% decline forecast for Media industry in Malaysia. Consensus price target down from RM0.37 to RM0.33. Share price fell 3.4% to RM0.28 over the past week. Reported Earnings • Feb 26
Second quarter 2026 earnings released: EPS: RM0.008 (vs RM0.003 in 2Q 2025) Second quarter 2026 results: EPS: RM0.008 (up from RM0.003 in 2Q 2025). Revenue: RM204.6m (down 10% from 2Q 2025). Net income: RM8.86m (up 151% from 2Q 2025). Profit margin: 4.3% (up from 1.5% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to decline by 2.9% p.a. on average during the next 3 years, while revenues in the Media industry in Malaysia are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Dec 03
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from RM831.6m to RM808.8m. EPS estimate also fell from RM0.016 per share to RM0.014 per share. Net income forecast to shrink 21% next year vs 22% decline forecast for Media industry in Malaysia. Consensus price target of RM0.37 unchanged from last update. Share price fell 2.7% to RM0.36 over the past week. Reported Earnings • Nov 27
First quarter 2026 earnings released: EPS: RM0.002 (vs RM0.002 in 1Q 2025) First quarter 2026 results: EPS: RM0.002 (in line with 1Q 2025). Revenue: RM198.9m (up 2.0% from 1Q 2025). Net income: RM1.63m (down 12% from 1Q 2025). Profit margin: 0.8% (down from 1.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 3.3% p.a. on average during the next 3 years, while revenues in the Media industry in Malaysia are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Oct 29
Media Prima Berhad, Annual General Meeting, Dec 27, 2025 Media Prima Berhad, Annual General Meeting, Dec 27, 2025, at 16:00 Singapore Standard Time. Location: grand ballroom, level 6, hilton kuala lumpur, 3, jalan stesen sentral, kuala lumpur sentral, wilayah persekutuan kuala lumpur, 50470 kuala lumpur Malaysia Upcoming Dividend • Sep 16
Upcoming dividend of RM0.015 per share Eligible shareholders must have bought the stock before 23 September 2025. Payment date: 08 October 2025. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Malaysian dividend payers (5.6%). Higher than average of industry peers (2.2%). Major Estimate Revision • Sep 03
Consensus EPS estimates increase by 57% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from RM808.0m to RM831.6m. EPS estimate increased from RM0.01 to RM0.016 per share. Net income forecast to shrink 13% next year vs 13% decline forecast for Media industry in Malaysia. Consensus price target up from RM0.34 to RM0.35. Share price was steady at RM0.36 over the past week. Board Change • Sep 02
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. 7 experienced directors. No highly experienced directors. Independent & Non Executive Director Shireen Ann Binti Muhiudeen was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Declared Dividend • Aug 29
Dividend of RM0.015 announced Shareholders will receive a dividend of RM0.015. Ex-date: 23rd September 2025 Payment date: 8th October 2025 Dividend yield will be 4.2%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 33% over the next 3 years. However, it would need to fall by 54% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Aug 29
Full year 2025 earnings released: EPS: RM0.019 (vs RM0.054 in FY 2024) Full year 2025 results: EPS: RM0.019 (down from RM0.054 in FY 2024). Revenue: RM857.0m (flat on FY 2024). Net income: RM21.0m (down 65% from FY 2024). Profit margin: 2.5% (down from 7.0% in FY 2024). Revenue is forecast to decline by 3.0% p.a. on average during the next 3 years, while revenues in the Media industry in Malaysia are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Aug 28
Media Prima Berhad announces Annual dividend, payable on October 08, 2025 Media Prima Berhad announced Annual dividend of MYR 0.0150 per share payable on October 08, 2025, ex-date on September 23, 2025 and record date on September 24, 2025. Major Estimate Revision • Jun 04
Consensus EPS estimates fall by 43% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from RM833.0m to RM815.7m. EPS estimate also fell from RM0.0133 per share to RM0.0076 per share. Net income forecast to shrink 72% next year vs 43% decline forecast for Media industry in Malaysia. Consensus price target down from RM0.38 to RM0.34. Share price was steady at RM0.37 over the past week. Reported Earnings • May 29
Third quarter 2025 earnings released: EPS: RM0.001 (vs RM0.03 in 3Q 2024) Third quarter 2025 results: EPS: RM0.001 (down from RM0.03 in 3Q 2024). Revenue: RM211.6m (flat on 3Q 2024). Net income: RM1.37m (down 96% from 3Q 2024). Profit margin: 0.6% (down from 16% in 3Q 2024). Revenue is forecast to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Media industry in Malaysia are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 9% per year and the company’s share price has also fallen by 9% per year. Price Target Changed • May 29
Price target decreased by 14% to RM0.34 Down from RM0.40, the current price target is an average from 4 analysts. New target price is 7.6% below last closing price of RM0.37. Stock is down 20% over the past year. The company is forecast to post earnings per share of RM0.0087 for next year compared to RM0.054 last year. New Risk • Apr 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 9.3% 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 Earnings are forecast to decline by an average of 33% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (168% cash payout ratio). Share price has been volatile over the past 3 months (9.3% average weekly change). Price Target Changed • Apr 17
Price target decreased by 7.5% to RM0.38 Down from RM0.41, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of RM0.37. Stock is down 19% over the past year. The company is forecast to post earnings per share of RM0.013 for next year compared to RM0.054 last year. New Risk • Mar 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: RM421.5m (US$95.3m) 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: Major Risk Earnings are forecast to decline by an average of 21% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (168% cash payout ratio). Market cap is less than US$100m (RM421.5m market cap, or US$95.3m). Reported Earnings • Feb 27
Second quarter 2025 earnings released: EPS: RM0.003 (vs RM0.03 in 2Q 2024) Second quarter 2025 results: EPS: RM0.003 (down from RM0.03 in 2Q 2024). Revenue: RM228.0m (up 7.6% from 2Q 2024). Net income: RM3.53m (down 89% from 2Q 2024). Profit margin: 1.5% (down from 16% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 7.6% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 5% per year. Major Estimate Revision • Dec 04
Consensus revenue estimates fall by 13% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from RM968.0m to RM838.1m. EPS estimate fell from RM0.035 to RM0.029 per share. Net income forecast to shrink 33% next year vs 27% growth forecast for Media industry in Malaysia . Consensus price target down from RM0.43 to RM0.41. Share price fell 2.1% to RM0.47 over the past week. Reported Earnings • Nov 29
First quarter 2025 earnings released: EPS: RM0.002 (vs RM0.008 in 1Q 2024) First quarter 2025 results: EPS: RM0.002 (down from RM0.008 in 1Q 2024). Revenue: RM194.9m (down 13% from 1Q 2024). Net income: RM1.86m (down 79% from 1Q 2024). Profit margin: 1.0% (down from 4.0% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 8.5% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year. Reported Earnings • Oct 26
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: RM0.054 (up from RM0.039 in FY 2023). Revenue: RM862.8m (down 12% from FY 2023). Net income: RM60.4m (up 40% from FY 2023). Profit margin: 7.0% (up from 4.4% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) exceeded analyst estimates by 195%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Oct 24
Media Prima Berhad, Annual General Meeting, Nov 21, 2024 Media Prima Berhad, Annual General Meeting, Nov 21, 2024, at 14:30 Singapore Standard Time. Upcoming Dividend • Sep 18
Upcoming dividend of RM0.015 per share Eligible shareholders must have bought the stock before 25 September 2024. Payment date: 07 October 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Malaysian dividend payers (4.7%). Higher than average of industry peers (2.7%). Declared Dividend • Aug 30
Dividend of RM0.015 announced Shareholders will receive a dividend of RM0.015. Ex-date: 25th September 2024 Payment date: 7th October 2024 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 19% over the next 3 years. However, it would need to fall by 71% to increase the payout ratio to a potentially unsustainable range. Price Target Changed • Aug 29
Price target increased by 9.0% to RM0.44 Up from RM0.40, the current price target is an average from 8 analysts. New target price is 6.9% below last closing price of RM0.47. Stock is up 5.6% over the past year. The company is forecast to post earnings per share of RM0.035 for next year compared to RM0.054 last year. Reported Earnings • Aug 29
Full year 2024 earnings released: EPS: RM0.055 (vs RM0.039 in FY 2023) Full year 2024 results: EPS: RM0.055 (up from RM0.039 in FY 2023). Revenue: RM844.0m (down 14% from FY 2023). Net income: RM60.4m (up 40% from FY 2023). Profit margin: 7.2% (up from 4.4% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jun 06
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from RM990.8m to RM968.2m. EPS estimate also fell from RM0.023 per share to RM0.019 per share. Net income forecast to shrink 44% next year vs 9.2% growth forecast for Media industry in Malaysia . Consensus price target broadly unchanged at RM0.40. Share price was steady at RM0.46 over the past week. Announcement • Jun 05
Media Prima Berhad Announces Appointment of Azlan Bin Ahmad as Group Company Secretary Media Prima Berhad announced appointment of Encik Azlan Bin Ahmad as group company Secretary. Encik Azlan Bin Ahmad was the Group Company Secretary for C.I. Holdings Berhad from 2007 to 2016 and continued to serve as its Head of Legal and Corporate Secretarial Affairs until May 2024. Date of change: June 4, 2024. New Risk • Apr 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Major Estimate Revision • Mar 01
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from RM1.08b to RM997.5m. EPS estimate also fell from RM0.03 per share to RM0.025 per share. Net income forecast to shrink 32% next year vs 31% growth forecast for Media industry in Malaysia . Consensus price target broadly unchanged at RM0.39. Share price rose 2.2% to RM0.46 over the past week. Announcement • Oct 26
Media Prima Berhad, Annual General Meeting, Nov 23, 2023 Media Prima Berhad, Annual General Meeting, Nov 23, 2023, at 14:30 Singapore Standard Time. Agenda: To discuss the Audited Financial Statements for the financial period ended 30 June 2023 and the Reports of the Directors and Auditors thereon; to discuss re-elect Mohd Rafiq bin Mat Razali who retires in accordance with Article 20.3 of the Company's Constitution and being eligible; to discuss re-elect Datuk Phang Ah Tong who retires; to discuss re-elect Datuk Shireen Ann Zaharah binti Muhiudeen; to approve the payment of Directors' fees; to approve the payment of Directors' benefits; to re-appoint Messrs PricewaterhouseCoopers PLT as Auditors of the Company and to authorise the Board of Directors to determine their remuneration; and to discuss other matters d. Upcoming Dividend • Sep 06
Upcoming dividend of RM0.015 per share at 3.4% yield Eligible shareholders must have bought the stock before 13 September 2023. Payment date: 03 October 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Malaysian dividend payers (5.2%). Higher than average of industry peers (2.6%). Reported Earnings • Aug 31
Full year 2023 earnings released: EPS: RM0.039 (vs RM0.053 in FY 2022) Full year 2023 results: EPS: RM0.039 (down from RM0.053 in FY 2022). Revenue: RM954.5m (down 12% from FY 2022). Net income: RM43.1m (down 26% from FY 2022). Profit margin: 4.5% (down from 5.4% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 4 years, compared to a 10% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • May 26
Consensus EPS estimates fall by 19% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from RM0.052 to RM0.042 per share. Revenue forecast steady at RM1.45b. Net income forecast to shrink 18% next year vs 23% growth forecast for Media industry in Malaysia . Consensus price target down from RM0.46 to RM0.38. Share price fell 2.4% to RM0.41 over the past week. Price Target Changed • May 25
Price target decreased by 22% to RM0.38 Down from RM0.49, the current price target is an average from 10 analysts. New target price is 5.4% below last closing price of RM0.41. Stock is down 28% over the past year. The company posted earnings per share of RM0.047 last year. Reported Earnings • Feb 23
Full year 2022 earnings released: EPS: RM0.047 (vs RM0.05 in FY 2021) Full year 2022 results: EPS: RM0.047 (down from RM0.05 in FY 2021). Revenue: RM997.9m (down 11% from FY 2021). Net income: RM51.9m (down 6.1% from FY 2021). Profit margin: 5.2% (up from 4.9% in FY 2021). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 6 years compared to a 11% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 03
Third quarter 2022 earnings released: EPS: RM0.007 (vs RM0.007 in 3Q 2021) Third quarter 2022 results: EPS: RM0.007 (in line with 3Q 2021). Revenue: RM237.2m (down 7.8% from 3Q 2021). Net income: RM7.16m (down 6.1% from 3Q 2021). Profit margin: 3.0% (in line with 3Q 2021). Revenue is forecast to stay flat during the next 6 years compared to a 12% growth forecast for the Media industry in Asia. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 30
Price target decreased to RM0.52 Down from RM0.56, the current price target is an average from 9 analysts. New target price is 18% above last closing price of RM0.44. Stock is down 2.2% over the past year. The company is forecast to post earnings per share of RM0.047 for next year compared to RM0.05 last year. Board Change • Nov 16
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Group Chairman Syed bin Syed Junid is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Major Estimate Revision • Aug 31
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from RM1.18b to RM1.14b. EPS estimate also fell from RM0.06 per share to RM0.05 per share. Net income forecast to grow 1.7% next year vs 13% growth forecast for Media industry in Malaysia. Consensus price target down from RM0.61 to RM0.56. Share price fell 3.1% to RM0.47 over the past week. Price Target Changed • Aug 25
Price target decreased to RM0.56 Down from RM0.64, the current price target is an average from 9 analysts. New target price is 18% above last closing price of RM0.47. Stock is down 8.7% over the past year. The company is forecast to post earnings per share of RM0.056 for next year compared to RM0.05 last year. Reported Earnings • May 03
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: RM0.05 (up from RM0.017 loss in FY 2020). Revenue: RM1.12b (up 7.5% from FY 2020). Net income: RM55.2m (up RM73.6m from FY 2020). Profit margin: 4.9% (up from net loss in FY 2020). Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) exceeded analyst estimates by 48%. Over the next year, revenue is forecast to grow 8.1%, compared to a 10% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Senior Independent Non-Executive Director Zaharaton binti Raja Zainal Abidin is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Major Estimate Revision • Mar 03
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from RM1.24b to RM1.22b. EPS estimate rose from RM0.05 to RM0.07. Net income forecast to grow 31% next year vs 15% growth forecast for Media industry in Malaysia. Consensus price target up from RM0.65 to RM0.75. Share price rose 4.7% to RM0.56 over the past week. Price Target Changed • Feb 24
Price target increased to RM0.75 Up from RM0.65, the current price target is an average from 9 analysts. New target price is 40% above last closing price of RM0.54. Stock is down 2.7% over the past year. The company is forecast to post earnings per share of RM0.047 for next year compared to RM0.05 last year. Reported Earnings • Feb 24
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: RM0.05 (up from RM0.017 loss in FY 2020). Revenue: RM1.12b (up 7.5% from FY 2020). Net income: RM55.2m (up RM73.6m from FY 2020). Profit margin: 4.9% (up from net loss in FY 2020). Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 11%, compared to a 12% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 26
Third quarter 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2021 results: EPS: RM0.007 (down from RM0.011 in 3Q 2020). Revenue: RM257.3m (down 4.3% from 3Q 2020). Net income: RM7.63m (down 39% from 3Q 2020). Profit margin: 3.0% (down from 4.6% in 3Q 2020). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates. Earnings per share (EPS) surpassed analyst estimates. Over the next year, revenue is forecast to grow 11%, compared to a 12% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Executive Departure • Oct 07
Group Managing Director Iskandar Bin Mahmood has left the company On the 30th of September, Iskandar Bin Mahmood was replaced as CEO by Mohd Bin Mat Razali after 1.5 years in the role. We don't have any record of a personal shareholding under Iskandar's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 7.08 years. Under Iskandar's leadership, the company delivered a total shareholder return of 248%. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS RM0.012 (vs RM0.018 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RM292.4m (up 24% from 2Q 2020). Net income: RM13.4m (up RM33.5m from 2Q 2020). Profit margin: 4.6% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 29
First quarter 2021 earnings released: EPS RM0.005 (vs RM0.027 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: RM254.5m (up 6.8% from 1Q 2020). Net income: RM5.25m (up RM34.8m from 1Q 2020). Profit margin: 2.1% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Executive Departure • May 27
Group MD & Executive Director has left the company On the 18th of May, Iskandar Bin Mahmood's tenure as Group MD & Executive Director ended after 1.6 years in the role. We don't have any record of a personal shareholding under Iskandar's name. A total of 4 executives have left over the last 12 months. Reported Earnings • May 04
Full year 2020 earnings released: RM0.017 loss per share (vs RM0.16 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: RM1.04b (down 5.8% from FY 2019). Net loss: RM18.4m (loss narrowed 90% from FY 2019). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 16
Price target increased to RM0.61 Up from RM0.54, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of RM0.63. Stock is up 404% over the past year. Executive Departure • Apr 09
Independent & Non-Executive Director has left the company On the 1st of April, Hisham bin Zainal Mokhtar's tenure as Independent & Non-Executive Director ended after 2.1 years in the role. We don't have any record of a personal shareholding under Hisham's name. A total of 5 executives have left over the last 12 months. Price Target Changed • Apr 06
Price target increased to RM0.57 Up from RM0.51, the current price target is an average from 9 analysts. New target price is 14% below last closing price of RM0.66. Stock is up 371% over the past year. 