Reported Earnings • May 28
Third quarter 2026 earnings released: EPS: RM0.084 (vs RM0.082 in 3Q 2025) Third quarter 2026 results: EPS: RM0.084 (up from RM0.082 in 3Q 2025). Revenue: RM60.1m (down 4.5% from 3Q 2025). Net income: RM7.48m (up 6.0% from 3Q 2025). Profit margin: 12% (up from 11% in 3Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 7% per year. Reported Earnings • Mar 02
Second quarter 2026 earnings released: EPS: RM0.022 (vs RM0.02 in 2Q 2025) Second quarter 2026 results: EPS: RM0.022 (up from RM0.02 in 2Q 2025). Revenue: RM29.1m (flat on 2Q 2025). Net income: RM1.93m (up 12% from 2Q 2025). Profit margin: 6.6% (up from 5.9% in 2Q 2025). 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 9% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Nov 20
Upcoming dividend of RM0.05 per share Eligible shareholders must have bought the stock before 27 November 2025. Payment date: 11 December 2025. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Malaysian dividend payers (5.5%). In line with average of industry peers (4.3%). Reported Earnings • Nov 02
Full year 2025 earnings released: EPS: RM0.13 (vs RM0.13 in FY 2024) Full year 2025 results: EPS: RM0.13 (up from RM0.13 in FY 2024). Revenue: RM130.7m (down 1.9% from FY 2024). Net income: RM11.1m (up 3.5% from FY 2024). Profit margin: 8.5% (up from 8.1% in FY 2024). The increase in margin was driven by lower expenses. 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 3% per year, which means it has not declined as severely as earnings. Board Change • Nov 01
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. 2 experienced directors. 4 highly experienced directors. Independent & Non-Executive Director Wah Chan was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Oct 29
Dividend of RM0.05 announced Shareholders will receive a dividend of RM0.05. Ex-date: 27th November 2025 Payment date: 11th December 2025 Dividend yield will be 4.6%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 2.9% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 38% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Oct 27
Teo Guan Lee Corporation Berhad, Annual General Meeting, Nov 26, 2025 Teo Guan Lee Corporation Berhad, Annual General Meeting, Nov 26, 2025, at 12:00 Singapore Standard Time. Location: conference room of teo guan lee corporation berhad, plot 28 lorong perusahaan maju 4, prai industrial estate, pulau pinangq, 13600 prai, Malaysia Reported Earnings • Aug 29
Full year 2025 earnings released: EPS: RM0.13 (vs RM0.13 in FY 2024) Full year 2025 results: EPS: RM0.13 (up from RM0.13 in FY 2024). Revenue: RM130.7m (down 1.9% from FY 2024). Net income: RM11.1m (up 3.5% from FY 2024). Profit margin: 8.5% (up from 8.1% in FY 2024). The increase in margin was driven by lower expenses. 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 2% per year, which means it has not declined as severely as earnings. Reported Earnings • May 30
Third quarter 2025 earnings released: EPS: RM0.082 (vs RM0.044 in 3Q 2024) Third quarter 2025 results: EPS: RM0.082 (up from RM0.044 in 3Q 2024). Revenue: RM62.9m (up 25% from 3Q 2024). Net income: RM7.06m (up 90% from 3Q 2024). Profit margin: 11% (up from 7.4% in 3Q 2024). The increase in margin was driven by higher revenue. 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 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 25
Second quarter 2025 earnings released: EPS: RM0.02 (vs RM0.029 in 2Q 2024) Second quarter 2025 results: EPS: RM0.02 (down from RM0.029 in 2Q 2024). Revenue: RM29.4m (down 4.3% from 2Q 2024). Net income: RM1.72m (down 28% from 2Q 2024). Profit margin: 5.9% (down from 7.8% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 4% per year. New Risk • Dec 31
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 6.9% 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: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share). Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (RM96.7m market cap, or US$21.6m). Reported Earnings • Nov 28
First quarter 2025 earnings released: EPS: RM0.008 (vs RM0.027 in 1Q 2024) First quarter 2025 results: EPS: RM0.008 (down from RM0.027 in 1Q 2024). Revenue: RM20.7m (flat on 1Q 2024). Net income: RM643.0k (down 72% from 1Q 2024). Profit margin: 3.1% (down from 11% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 2% per year. Upcoming Dividend • Nov 21
Upcoming dividend of RM0.08 per share Eligible shareholders must have bought the stock before 28 November 2024. Payment date: 12 December 2024. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 6.3%. Within top quartile of Malaysian dividend payers (4.8%). Higher than average of industry peers (3.8%). Reported Earnings • Oct 26
Full year 2024 earnings released: EPS: RM0.13 (vs RM0.14 in FY 2023) Full year 2024 results: EPS: RM0.13 (down from RM0.14 in FY 2023). Revenue: RM133.3m (up 5.3% from FY 2023). Net income: RM10.8m (down 5.3% from FY 2023). Profit margin: 8.1% (down from 9.0% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Oct 24
Teo Guan Lee Corporation Berhad Announces Final Single Tier Dividend for the Financial Year Ended June 30, 2024, Payable on December 12, 2024 Teo Guan Lee Corporation Berhad announces final Single Tier Dividend of 5 sen per share for the financial year ended June 30, 2024. Ex-Date 28 November 2024. Entitlement date 29 November 2024. Payment Date is December 12, 2024. Declared Dividend • Oct 24
Dividend of RM0.08 announced Dividend of RM0.08 is the same as last year. Ex-date: 28th November 2024 Payment date: 12th December 2024 Dividend yield will be 6.2%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.9% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 31
Full year 2024 earnings released: EPS: RM0.13 (vs RM0.14 in FY 2023) Full year 2024 results: EPS: RM0.13 (down from RM0.14 in FY 2023). Revenue: RM133.3m (up 5.3% from FY 2023). Net income: RM10.8m (down 5.3% from FY 2023). Profit margin: 8.1% (down from 9.0% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jul 29
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at RM1.20. The fair value is estimated to be RM0.99, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 26%. Buy Or Sell Opportunity • Jul 09
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 6.2% to RM1.20. The fair value is estimated to be RM0.99, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 26%. Buy Or Sell Opportunity • Jul 05
Now 19% overvalued The stock has been flat over the last 90 days, currently trading at RM1.18. The fair value is estimated to be RM1.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 26%. Buy Or Sell Opportunity • Jun 18
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 2.6% to RM1.20. The fair value is estimated to be RM0.99, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 26%. Reported Earnings • Jun 04
Third quarter 2024 earnings released: EPS: RM0.044 (vs RM0.043 in 3Q 2023) Third quarter 2024 results: EPS: RM0.044 (up from RM0.043 in 3Q 2023). Revenue: RM50.2m (up 44% from 3Q 2023). Net income: RM3.71m (up 4.4% from 3Q 2023). Profit margin: 7.4% (down from 10% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • May 30
Now 21% overvalued Over the last 90 days, the stock has fallen 1.6% to RM1.20. The fair value is estimated to be RM0.99, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 36%. Reported Earnings • Mar 01
Second quarter 2024 earnings released: EPS: RM0.029 (vs RM0.034 in 2Q 2023) Second quarter 2024 results: EPS: RM0.029 (down from RM0.034 in 2Q 2023). Revenue: RM30.7m (flat on 2Q 2023). Net income: RM2.40m (down 15% from 2Q 2023). Profit margin: 7.8% (down from 9.2% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 27
Now 24% overvalued Over the last 90 days, the stock has fallen 6.7% to RM1.25. The fair value is estimated to be RM1.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 45%. New Risk • Feb 08
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 7.7% 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 High level of non-cash earnings (29% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (RM108.6m market cap, or US$22.8m). Buy Or Sell Opportunity • Feb 08
Now 27% overvalued Over the last 90 days, the stock has fallen 3.8% to RM1.28. The fair value is estimated to be RM1.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 45%. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to RM1.16, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 12x in the Specialty Retail industry in Malaysia. Total returns to shareholders of 145% over the past three years. Reported Earnings • Nov 25
First quarter 2024 earnings released: EPS: RM0.027 (vs RM0.021 in 1Q 2023) First quarter 2024 results: EPS: RM0.027 (up from RM0.021 in 1Q 2023). Revenue: RM20.6m (up 1.4% from 1Q 2023). Net income: RM2.28m (up 35% from 1Q 2023). Profit margin: 11% (up from 8.3% in 1Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 22
Upcoming dividend of RM0.08 per share at 5.6% yield Eligible shareholders must have bought the stock before 29 November 2023. Payment date: 13 December 2023. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 5.6%. Within top quartile of Malaysian dividend payers (5.1%). Higher than average of industry peers (3.0%). Announcement • Oct 26
Teo Guan Lee Corporation Berhad Proposes Special Single Tier Dividend for the Financial Year Ended 30 June 2023, Payable on 13 December 2023 Teo Guan Lee Corporation Berhad announced that at the AGM to be held on 24 November 2023, the company proposed a special single tier dividend of 3 sen per share for the financial year ended 30 June 2023. Ex-Date is 29 November 2023. Payment Date is 13 December 2023. Entitlement date is 30 November 2023. New Risk • Sep 02
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 27% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (RM98.5m market cap, or US$21.2m). Reported Earnings • Aug 30
Full year 2023 earnings released: EPS: RM0.14 (vs RM0.20 in FY 2022) Full year 2023 results: EPS: RM0.14 (down from RM0.20 in FY 2022). Revenue: RM126.6m (down 2.4% from FY 2022). Net income: RM11.4m (down 28% from FY 2022). Profit margin: 9.0% (down from 12% in FY 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 03
Third quarter 2023 earnings released: EPS: RM0.043 (vs RM0.04 in 3Q 2022) Third quarter 2023 results: EPS: RM0.043 (up from RM0.04 in 3Q 2022). Revenue: RM34.9m (up 18% from 3Q 2022). Net income: RM3.55m (up 8.3% from 3Q 2022). Profit margin: 10% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 03
Second quarter 2023 earnings released: EPS: RM0.034 (vs RM0.042 in 2Q 2022) Second quarter 2023 results: EPS: RM0.034 (down from RM0.042 in 2Q 2022). Revenue: RM30.7m (down 18% from 2Q 2022). Net income: RM2.82m (down 18% from 2Q 2022). Profit margin: 9.2% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Dec 31
Teo Guan Lee Corporation Berhad (KLSE:TGL) completed the acquisition of Kiko Garments Sdn Bhd from Cetrac International Co., Ltd. Teo Guan Lee Corporation Berhad (KLSE:TGL) entered into a Sale and Purchase Agreement to acquire Kiko Garments Sdn Bhd from Cetrac International Co., Ltd. for MYR 5.49 million on December 1, 2022. The proposed acquisition will be funded by internally generated funds. The transaction is subject to consummation of due diligence by TGL. The transaction is expected to be completed by end of December 2022.
Teo Guan Lee Corporation Berhad (KLSE:TGL) completed the acquisition of Kiko Garments Sdn Bhd from Cetrac International Co., Ltd. on December 29, 2022. Reported Earnings • Dec 04
First quarter 2023 earnings released: EPS: RM0.021 (vs RM0.002 in 1Q 2022) First quarter 2023 results: EPS: RM0.021 (up from RM0.002 in 1Q 2022). Revenue: RM20.4m (up 137% from 1Q 2022). Net income: RM1.69m (up RM1.51m from 1Q 2022). Profit margin: 8.3% (up from 2.1% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • Dec 03
Teo Guan Lee Corporation Berhad (KLSE:TGL) entered into a Sale and Purchase Agreement to acquire Kiko Garments Sdn Bhd from Cetrac International Co., Ltd. for MYR 5.49 million. Teo Guan Lee Corporation Berhad (KLSE:TGL) entered into a Sale and Purchase Agreement to acquire Kiko Garments Sdn Bhd from Cetrac International Co., Ltd. for MYR 5.49 million on December 1, 2022. The proposed acquisition will be funded by internally generated funds. The transaction is subject to consummation of due diligence by TGL. The transaction is expected to be completed by end of December 2022. Upcoming Dividend • Nov 29
Upcoming dividend of RM0.08 per share Eligible shareholders must have bought the stock before 06 December 2022. Payment date: 21 December 2022. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Malaysian dividend payers (5.2%). Higher than average of industry peers (1.8%). Reported Earnings • Nov 01
Full year 2022 earnings released: EPS: RM0.20 (vs RM0.078 in FY 2021) Full year 2022 results: EPS: RM0.20 (up from RM0.078 in FY 2021). Revenue: RM129.7m (up 23% from FY 2021). Net income: RM15.9m (up 151% from FY 2021). Profit margin: 12% (up from 6.0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 19% per year. Announcement • Oct 28
Teo Guan Lee Corporation Berhad Declares Special Single Tier Dividend for Financial Year Ended 30 June 2022, Payment Date Is 21 Dec. 2022 Teo Guan Lee Corporation Berhad declared Special Single Tier Dividend of 3 sen per share for the financial year ended 30 June 2022. Ex-Date is 6 Dec. 2022,Entitlement date is 7 Dec. 2022 and payment date is 21 Dec. 2022. Reported Earnings • Aug 27
Full year 2022 earnings released: EPS: RM0.20 (vs RM0.078 in FY 2021) Full year 2022 results: EPS: RM0.20 (up from RM0.078 in FY 2021). Revenue: RM129.7m (up 23% from FY 2021). Net income: RM15.9m (up 151% from FY 2021). Profit margin: 12% (up from 6.0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 22% per year. Board Change • Aug 25
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 Non-Executive Director Yoong Chin was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 30
Third quarter 2022 earnings released: EPS: RM0.04 (vs RM0.016 in 3Q 2021) Third quarter 2022 results: EPS: RM0.04 (up from RM0.016 in 3Q 2021). Revenue: RM29.5m (up 21% from 3Q 2021). Net income: RM3.28m (up 159% from 3Q 2021). Profit margin: 11% (up from 5.2% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. 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. 1 experienced director. 5 highly experienced directors. Independent Non-Executive Director Yoong Chin was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 27
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: RM0.042 (up from RM0.017 in 2Q 2021). Revenue: RM37.4m (up 63% from 2Q 2021). Net income: RM3.46m (up 152% from 2Q 2021). Profit margin: 9.2% (up from 6.0% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Upcoming Dividend • Nov 30
Upcoming dividend of RM0.03 per share Eligible shareholders must have bought the stock before 07 December 2021. Payment date: 22 December 2021. Trailing yield: 2.7%. Lower than top quartile of Malaysian dividend payers (4.7%). Higher than average of industry peers (1.2%). Reported Earnings • Nov 30
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: RM0.002 (down from RM0.031 in 1Q 2021). Revenue: RM8.59m (down 64% from 1Q 2021). Net income: RM178.0k (down 93% from 1Q 2021). Profit margin: 2.1% (down from 11% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. 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 28% per year, which means it is well ahead of earnings. Reported Earnings • Sep 26
Full year 2021 earnings released: EPS RM0.16 (vs RM0.026 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: RM105.5m (up 21% from FY 2020). Net income: RM6.35m (up 203% from FY 2020). Profit margin: 6.0% (up from 2.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improved over the past week After last week's 15% share price gain to RM2.36, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 22x in the Specialty Retail industry in Malaysia. Total returns to shareholders of 179% over the past three years. Reported Earnings • May 29
Third quarter 2021 earnings released: EPS RM0.031 (vs RM0.003 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: RM24.4m (up 38% from 3Q 2020). Net income: RM1.27m (up RM1.14m from 3Q 2020). Profit margin: 5.2% (up from 0.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. 