Announcement • Jul 14
MSM International Limited, Annual General Meeting, Jul 29, 2026 MSM International Limited, Annual General Meeting, Jul 29, 2026, at 14:00 Singapore Standard Time. Location: 77 robinson road, 06-03 robinson 77 singapore 068896, Singapore New Risk • Jun 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 236% 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 Risks Interest payments are not well covered by earnings (0.7x net interest cover). Shares are highly illiquid. Market cap is less than US$10m (S$5.53m market cap, or US$4.29m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.03% net profit margin). Reported Earnings • Jun 02
Full year 2026 earnings released: EPS: RM0.001 (vs RM0.42 in FY 2025) Full year 2026 results: EPS: RM0.001 (down from RM0.42 in FY 2025). Revenue: RM108.4m (up 32% from FY 2025). Net income: RM30.0k (down 100% from FY 2025). Profit margin: 0% (down from 14% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. New Risk • May 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Shares are highly illiquid. High level of non-cash earnings (25% accrual ratio). Market cap is less than US$10m (S$10.1m market cap, or US$7.93m). Minor Risk Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Announcement • Jul 31
MSM International Limited Announces Retirement of Chan Kee Sieng and Chan Wen Chau as Directors MSM International Limited announced that Mr. Chan Kee Sieng and Mr. Chan Wen Chau were retiring as Directors of the Company in accordance with Article 107 of the Company's Constitution, while Mr. Chin Chee Choon was retiring as a Director in accordance with Article 117 of the Company's Constitution. Announcement • Jul 09
MSM International Limited, Annual General Meeting, Jul 25, 2025 MSM International Limited, Annual General Meeting, Jul 25, 2025, at 10:00 Singapore Standard Time. Location: 77 robinson road, 06-03 robinson 77, singapore 068896, Singapore New Risk • May 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Market cap is less than US$10m (S$2.63m market cap, or US$2.05m). Minor Risk Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Announcement • Nov 16
Dato’ Foong Wei Kuong entered into conditional share sale agreement to acquire 14% stake in Cosmos Technology International Berhad (KLSE:COSMOS) from MSM International Limited (Catalist:5QR) for MYR 14.2 million. Dato’ Foong Wei Kuong entered into conditional share sale agreement to acquire 14% stake in Cosmos Technology International Berhad (KLSE:COSMOS) from MSM International Limited (Catalist:5QR) for MYR 14.2 million on November 14, 2024. A cash consideration valued at MYR 0.3944 per share will be paid by the buyer. The proceeds from the Proposed Disposal will be used for working capital purposes and debt repayment of the Group. Buy Or Sell Opportunity • Sep 16
Now 40% undervalued The stock has been flat over the last 90 days, currently trading at S$0.03. The fair value is estimated to be S$0.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Jul 11
MSM International Limited, Annual General Meeting, Jul 26, 2024 MSM International Limited, Annual General Meeting, Jul 26, 2024, at 10:30 Singapore Standard Time. Location: 77 robinson road, 06-03 robinson 77, singapore 068896, Singapore Announcement • Jul 10
MSM International Limited Announces Retirement of Chan Kit Moi as Director, Effective July 26, 2024 MSM International Limited announced retirement of Mr. Chan Kit Moi as Director of the Company at the conclusion of the Company's Annual General Meeting to be held on 26 July 2024 to facilitate Board renewal in line with good governance practice and also to allow more time for him to focus on his other commitments. Role And Responsibilities: Executive role. Involved in the corporate planning and business development of the Group. Other DirectorShips Present: MSM Metal Industries Sdn Bhd - MSM Equipment Manufacturer Sdn Bhd - MSM Kitchen Sdn Bhd - Toyomi Engineering Sdn Bhd - Triumphant Hope Sdn Bhd - FIC Kitchen Technology Sdn Bhd - Chan Strategy Sdn Bhd. Board Change • Mar 12
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. 1 experienced director. 5 highly experienced directors. Independent Director Kean Lee 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. Board Change • Feb 05
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. 1 experienced director. 5 highly experienced directors. Independent Director Kean Lee 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. Board Change • Jan 10
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. 1 experienced director. 5 highly experienced directors. Independent Director Kean Lee 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. Announcement • Dec 31
Sm International Limited Appoints Lai Khar Khei as Financial Controller, Effective from January 1, 2023 MSM International Limited announced the appointment of Lai Khar Khei as Financial Controller, effective from January 1, 2023. Working Experience: July 2021 to December 2023 - Financial Controller (Cosmos Technology International Berhad) July 2015 to June 2021 - Finance Manager (MSM International Limited) September 2012 to June 2015 - Senior Audit Assistant (Nexia SSY PLT). The appointment is Executive. The Financial Controller is responsible for determining the financial policies of the Group and taking charge of the full accounting, financial and treasury/cash management matters of the Group. Board Change • Nov 08
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. 1 experienced director. 5 highly experienced directors. Independent Director Kean Lee 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. Board Change • Sep 18
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. 1 experienced director. 5 highly experienced directors. Independent Director Kean Lee 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. Announcement • Aug 30
MSM International Limited Announces Resignation of Soh Yeow Seng as Chief Financial Officer MSM International Limited announced the resignation of Soh Yeow Seng as Chief Financial Officer. The CFO is responsible for determining the financial policies of the Group and taking charge of the full accounting, financial and treasury/cash management matters of the Group. The Group is assessing suitable candidates for the replacement of Mr. Soh and will make an announcement when the necessary due diligence is completed. The responsibilities currently undertaken by Mr. Soh will be overseen by the other finance team members in the meantime until a replacement is appointed. To pursue other opportunities. The Board of Directors of MSM International Limited wishes to take this opportunity to thank Mr. Soh for his services to the Company and the Group during his term of office. Based on its enquiries, the Company's sponsor, UOB Kay Hian Private Limited, is satisfied that, save as disclosed in the announcement, there are no other material reasons for the resignation of Mr. Soh as the CFO of the Company. Mr. Soh has confirmed that there are no concerns with regards to the Company's financial reporting that had led to his resignation, and there is also no disagreement between him and the Board of Directors of the Company with regards to practices that would have an impact on the Company's financial reporting. Board Change • Jul 21
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. 1 experienced director. 5 highly experienced directors. Independent Director Kean Lee 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. Announcement • Jul 13
MSM International Limited, Annual General Meeting, Jul 28, 2023 MSM International Limited, Annual General Meeting, Jul 28, 2023, at 10:30 Singapore Standard Time. Location: 77 Robinson Road #06-03 Robinson 77 Singapore Singapore Agenda: To consider Adoption of the Audited Financial Statements for the financial year ended March 31, 2023 together with the Directors' Statement and the Auditor's Report thereon; to consider approval of the Directors' fees for the financial year ending March 31, 2024; to consider Re-election of Mr. Chan Wen Chau as a Director of the Company; to re-elect Mr. Leow Wee Kia Clement who is retiring pursuant to Article 107 of the Company's Constitution; to re-appoint CLA Global TS Public Accounting Corporation as the Auditors of the Company and authorize the Directors to fix their remuneration; and to transact other matters. Board Change • May 15
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. 1 experienced director. 5 highly experienced directors. Independent Director Kean Lee 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. Board Change • Apr 21
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. 1 experienced director. 5 highly experienced directors. Independent Director Kean Lee 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. Board Change • Apr 03
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. 1 experienced director. 5 highly experienced directors. Independent Director Kean Lee 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. Board Change • Mar 09
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. 1 experienced director. 5 highly experienced directors. Independent Director Kean Lee 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. Board Change • Feb 17
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. 1 experienced director. 5 highly experienced directors. Independent Director Kean Lee 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. Board Change • Jan 17
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. 1 experienced director. 5 highly experienced directors. Independent Director Kean Lee 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. Board Change • Nov 30
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. 1 experienced director. 5 highly experienced directors. Independent Director Kean Lee 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. Board Change • Aug 22
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. 1 experienced director. 5 highly experienced directors. Independent Director Kean Lee 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 • Jul 15
Full year 2022 earnings released: EPS: RM0.034 (vs RM0.096 loss in FY 2021) Full year 2022 results: EPS: RM0.034 (up from RM0.096 loss in FY 2021). Revenue: RM78.9m (up 31% from FY 2021). Net income: RM3.53m (up RM13.7m from FY 2021). Profit margin: 4.5% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has fallen by 8% 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 • Jul 14
MSM International Limited, Annual General Meeting, Jul 29, 2022 MSM International Limited, Annual General Meeting, Jul 29, 2022, at 10:30 Singapore Standard Time. Agenda: To elect three Class II Directors nominated by the company's Board of Directors; to approve the NetScout Systems, Inc. 2019 Equity Incentive Plan, as amended; to approve the NetScout Systems, Inc. Amended and Restated 2011 Employee Stock Purchase Plan, as amended; to approve, on an advisory basis, the compensation of the company's named executive officers; to ratify the selection of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for the fiscal year ending March 31, 2023; and to consider any other business properly brought before the meeting or any adjournment. Board Change • Jul 14
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. 1 experienced director. 5 highly experienced directors. Independent Director Kean Lee 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. Board Change • Jun 20
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. 1 experienced director. 5 highly experienced directors. Independent Director Kean Cheong Lee 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 • May 31
Full year 2022 earnings released: EPS: RM0.034 (vs RM0.096 loss in FY 2021) Full year 2022 results: EPS: RM0.034 (up from RM0.096 loss in FY 2021). Revenue: RM78.9m (up 31% from FY 2021). Net income: RM3.53m (up RM13.7m from FY 2021). Profit margin: 4.5% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Board Change • May 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. 1 experienced director. 5 highly experienced directors. Independent Director Kean Cheong Lee 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. 
