New Risk • Jun 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 768% 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 (1.3x net interest cover). Shares are highly illiquid. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (RM52.6m market cap, or US$13.3m). Reported Earnings • May 28
Third quarter 2026 earnings released: EPS: RM0.002 (vs RM0.003 in 3Q 2025) Third quarter 2026 results: EPS: RM0.002 (down from RM0.003 in 3Q 2025). Revenue: RM14.5m (down 34% from 3Q 2025). Net income: RM125.0k (down 55% from 3Q 2025). Profit margin: 0.9% (down from 1.3% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. New Risk • Feb 28
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. High level of non-cash earnings (21% accrual ratio). Minor Risk Market cap is less than US$100m (RM53.8m market cap, or US$13.8m). Reported Earnings • Nov 29
First quarter 2026 earnings released: EPS: RM0.004 (vs RM0.003 in 1Q 2025) First quarter 2026 results: EPS: RM0.004 (up from RM0.003 in 1Q 2025). Revenue: RM22.1m (down 47% from 1Q 2025). Net income: RM307.0k (up 22% from 1Q 2025). Profit margin: 1.4% (up from 0.6% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Oct 29
Seremban Engineering Berhad, Annual General Meeting, Dec 10, 2025 Seremban Engineering Berhad, Annual General Meeting, Dec 10, 2025, at 10:30 Singapore Standard Time. Location: hall 2, level 14, sunway velocity, two office tower, 158, jalan peel, maluri, 55100 kuala lumpur Malaysia Reported Earnings • Aug 29
Full year 2025 earnings released: EPS: RM0.014 (vs RM0.039 in FY 2024) Full year 2025 results: EPS: RM0.014 (down from RM0.039 in FY 2024). Revenue: RM133.9m (down 55% from FY 2024). Net income: RM1.10m (down 64% from FY 2024). Profit margin: 0.8% (down from 1.0% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Reported Earnings • May 24
Third quarter 2025 earnings released: EPS: RM0.004 (vs RM0.012 in 3Q 2024) Third quarter 2025 results: EPS: RM0.004 (down from RM0.012 in 3Q 2024). Revenue: RM22.0m (down 72% from 3Q 2024). Net income: RM277.0k (down 71% from 3Q 2024). Profit margin: 1.3% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. New Risk • Apr 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM39.8m (US$8.86m) This is considered a major 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 Risks Interest payments are not well covered by earnings (1.8x net interest cover). Shares are highly illiquid. Market cap is less than US$10m (RM39.8m market cap, or US$8.86m). Reported Earnings • Mar 01
Second quarter 2025 earnings released: EPS: RM0.004 (vs RM0.005 in 2Q 2024) Second quarter 2025 results: EPS: RM0.004 (down from RM0.005 in 2Q 2024). Revenue: RM31.6m (down 40% from 2Q 2024). Net income: RM335.0k (down 18% from 2Q 2024). Profit margin: 1.1% (up from 0.8% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Announcement • Feb 28
Seremban Engineering Berhad Announces Re-Designation of Lee Chee How from Chief Operating Officer to Chief Executive Officer, Effective 01 March 2025 Seremban Engineering Berhad announced re-Designation of Mr. Lee Chee How from Chief Operating Officer to Chief Executive Officer, age 43, date of change is 01 March 2025. Qualifications: Degree Bachelor of Engineering, University Putra Malaysia; Working experience and occupation: Mr. Lee Chee How ("Mr. Lee") is the Chief Operating Officer (COO) of the Company, overseeing the company operation and coordination of all the departments. He joined Seremban Engineering Berhad (SEB) as Senior Project Manager in December 2017 and subsequently promoted to General Manager – Project & Production on November 2019. As Head of the department, his main portfolio is to oversee the Company’s Project and Production execution, operation and deliveries. He was promoted to COO of the Company on 1 September 2024. He is also a member of the Management Committee.He began his career at Amalgamated Metal Builder (M) Sdn. Bhd. as a Project /Production Engineer, specializing in oil and gas equipment. He then moved to Global Process Systems Sdn. Bhd., where he worked as a Mechanical Engineer, Site Supervisor, and Inspector, continuing his focus on oil and gas equipment. In 2010, Mr. Lee joined Eco Tower Sdn. Bhd. as an Assistant Production Manager, specializing in wind towers and oil and gas equipment. After leaving Eco Tower in 2013, he became a Construction Manager/Task Force Coordinator at Intivista Sdn. Bhd., specializing in mechanical and piping plant installations. He rejoined Eco Tower Sdn. Bhd. in 2014 as a Production Manager.Before joining SEB, Mr. Lee served as the Offshore Manufacturing Manager at Bianco Engineering Services Toyota Tsusho Alliance, where he was involved in the supply of the Swan River Pedestrian Bridge (1200T) for Mainroads Western Australia.He was appointed as a director of NSC SEB Jetty Sdn. Bhd. on 02 September 2024. Mr. Lee has no shareholdings in the Company and the subsidiary company. He also has no family relationship with any Director and/or major shareholder of the Company, nor any conflict of interest in any business arrangement involving the Company. He has no convictions for any offences within the past 5 years other than traffic offences, if any. New Risk • Jan 15
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM44.6m (US$9.92m) This is considered a major 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 Risks Interest payments are not well covered by earnings (1.7x net interest cover). Shares are highly illiquid. Market cap is less than US$10m (RM44.6m market cap, or US$9.92m). Minor Risk Profit margins are more than 30% lower than last year (0.9% net profit margin). Reported Earnings • Nov 30
First quarter 2025 earnings released: EPS: RM0.003 (vs RM0.008 in 1Q 2024) First quarter 2025 results: EPS: RM0.003 (down from RM0.008 in 1Q 2024). Revenue: RM41.7m (down 25% from 1Q 2024). Net income: RM252.0k (down 62% from 1Q 2024). Profit margin: 0.6% (down from 1.2% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. New Risk • Nov 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM43.4m (US$9.76m) This is considered a major 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 Risks Interest payments are not well covered by earnings (1.7x net interest cover). Shares are highly illiquid. Market cap is less than US$10m (RM43.4m market cap, or US$9.76m). Minor Risk Profit margins are more than 30% lower than last year (1.0% net profit margin). Announcement • Sep 14
Seremban Engineering Berhad Announces Resignation of Encik Rosnan Bin Rosli as Non Independent and Non Executive Director Seremban Engineering Berhad announced Resignation of Encik Rosnan Bin Rosli, Age 49 as Non Independent and Non Executive Director. Date of change 13 September 2024. Reason; Personal Commitment. Announcement • Aug 30
Seremban Engineering Berhad Announces the Appointment of Mr. Lee Chee How as Chief Operating Officer, Effective from 01 Sep 2024 Seremban Engineering Berhad announced the appointment of Mr. Lee Chee How as Chief Operating Officer, age 42, Date of change 01 Sep 2024. Working experience and occupation: Mr. Lee Chee How joined Seremban Engineering Berhad ("SEB") as Senior Project Manager in December 2017. He was promoted to General Manager Project & Production in November 2019. As Head of the department, his main portfolio is to oversee the Company's Project and Production execution, operation and deliveries. He is a member of the Management Committee. Mr. Lee was graduated from University Putra Malaysia as Bachelor of Engineering in the year 2006. He started his career with Amalgamated Metal Builder (M) Sdn. Bhd. as Project /Production Engineer (Specialization: Oil & Gas equipment). Subsequently, he joined Global Process Systems Sdn. Bhd. as Mechanical Engineer/Site Supervisor/Inspector (Specialization: Oil & Gas equipment). He joined Eco Tower Sdn. Bhd. as Assistant Production Manager (Specialization: Wind tower, oil and gas equipment). He left Eco Tower in 2013 and joined Intivista Sdn. Bhd. as Construction Manager/Task Force Coordinator (Specialization: Mechanical & Piping Plant Installation). He re-joined Eco Tower Sdn. Bhd. as Production Manager in 2014. Before he joined Seremban Engineering Berhad, he was the Offshore Manufacturing Manager with Bianco Engineering Services Toyota Tsusho Alliance, involving in the supply of Swan River Pedestrian Bridge (1200T) for Mainroads Western Australia. Reported Earnings • Aug 29
Full year 2024 earnings released: EPS: RM0.038 (vs RM0.058 in FY 2023) Full year 2024 results: EPS: RM0.038 (down from RM0.058 in FY 2023). Revenue: RM295.0m (up 7.3% from FY 2023). Net income: RM2.99m (down 35% from FY 2023). Profit margin: 1.0% (down from 1.7% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 15% per year. Reported Earnings • May 25
Third quarter 2024 earnings released: EPS: RM0.012 (vs RM0.018 in 3Q 2023) Third quarter 2024 results: EPS: RM0.012 (down from RM0.018 in 3Q 2023). Revenue: RM78.9m (up 28% from 3Q 2023). Net income: RM946.0k (down 33% from 3Q 2023). Profit margin: 1.2% (down from 2.3% 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 9% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Board Change • May 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. 5 experienced directors. 1 highly experienced director. Executive Director Abdul Bin Mohd Amin was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Apr 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM47.8m (US$9.99m) This is considered a major 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 Risks Interest payments are not well covered by earnings (2.0x net interest cover). High level of non-cash earnings (32% accrual ratio). Market cap is less than US$10m (RM47.8m market cap, or US$9.99m). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Profit margins are more than 30% lower than last year (1.3% net profit margin). Reported Earnings • Mar 01
Second quarter 2024 earnings released: EPS: RM0.005 (vs RM0.015 in 2Q 2023) Second quarter 2024 results: EPS: RM0.005 (down from RM0.015 in 2Q 2023). Revenue: RM53.1m (down 23% from 2Q 2023). Net income: RM406.0k (down 65% from 2Q 2023). Profit margin: 0.8% (down from 1.7% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 25
First quarter 2024 earnings released: EPS: RM0.008 (vs RM0.015 in 1Q 2023) First quarter 2024 results: EPS: RM0.008 (down from RM0.015 in 1Q 2023). Revenue: RM55.6m (down 13% from 1Q 2023). Net income: RM668.0k (down 46% from 1Q 2023). Profit margin: 1.2% (down from 1.9% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Oct 27
Seremban Engineering Berhad, Annual General Meeting, Dec 14, 2023 Seremban Engineering Berhad, Annual General Meeting, Dec 14, 2023, at 10:00 Singapore Standard Time. Location: t Langkawi Room, Bukit Jalil Golf & Country Resort, Jalan Jalil Perkasa 3, Bukit Jalil, 57000 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 30 June 2023 together with the Reports of Directors and Auditors thereon; to approve the payment of Directors' fees and allowances up to RM379,200 for the financial year ending 30 June 2024 payable monthly in arrears after each month of completed service of the Directors during the subject financial year; to re-elect the Directors who retire in accordance with Regulation 90 of the Company's Constitution; to approve the re-appointment of Crowe Malaysia PLT as Auditors of the Company and to authorise the Directors to fix their remuneration. Reported Earnings • Aug 30
Full year 2023 earnings released: EPS: RM0.058 (vs RM0.065 in FY 2022) Full year 2023 results: EPS: RM0.058 (down from RM0.065 in FY 2022). Revenue: RM274.8m (up 42% from FY 2022). Net income: RM4.62m (down 10% from FY 2022). Profit margin: 1.7% (down from 2.7% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jul 12
Material Litigation Seremban Engineering Berhad Subcontract Works Litigation See Yong & Son Construction Sdn Bhd Vs Seremban Engineering Berhad MATERIAL LITIGATION SEREMBAN ENGINEERING BERHAD (SEB OR THE COMPANY) SUBCONTRACT WORKS LITIGATION SEE YONG & SON CONSTRUCTION SDN BHD (SYS OR PLAINTIFF) VS SEREMBAN ENGINEERING BERHAD. The Board of Directors (“Board”) of SEB wishes to announce that the claim from SYS in the Announcements is in relation to the Originating Summon Suit No.: BA-24C-46-06/2023 (“Suit No. BA-24C-46-06/2023), which was inadvertently referred to as the Sealed Writ of Summon No.: BA-24C-46-06/2023 as filed under the High Court of Malaya at Shah Alam from Messrs. Lim, Phua & Noraini, the solicitors for SYS. Save and except for the above-mentioned, the other information shall remain valid and unchanged. On 11 July 2023, SYS had during the Case Management confirmed that a Notice of Discontinuance for Suit No.: BA-24C-46-06/2023 was filed on 7 July 2023 and accordingly, the Court has dismissed the matter. Reported Earnings • May 30
Third quarter 2023 earnings released: EPS: RM0.018 (vs RM0.013 in 3Q 2022) Third quarter 2023 results: EPS: RM0.018 (up from RM0.013 in 3Q 2022). Revenue: RM61.6m (up 40% from 3Q 2022). Net income: RM1.41m (up 32% from 3Q 2022). Profit margin: 2.3% (down from 2.4% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 25
Second quarter 2023 earnings released: EPS: RM0.015 (vs RM0.022 in 2Q 2022) Second quarter 2023 results: EPS: RM0.015 (down from RM0.022 in 2Q 2022). Revenue: RM69.0m (up 41% from 2Q 2022). Net income: RM1.17m (down 32% from 2Q 2022). Profit margin: 1.7% (down from 3.5% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 26
First quarter 2023 earnings released: EPS: RM0.015 (vs RM0.01 in 1Q 2022) First quarter 2023 results: EPS: RM0.015 (up from RM0.01 in 1Q 2022). Revenue: RM63.6m (up 112% from 1Q 2022). Net income: RM1.23m (up 62% from 1Q 2022). Profit margin: 1.9% (down from 2.5% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Oct 29
Seremban Engineering Berhad, Annual General Meeting, Dec 15, 2022 Seremban Engineering Berhad, Annual General Meeting, Dec 15, 2022, at 10:00 Singapore Standard Time. Agenda: To receive the Audited Financial Statements for the financial year ended 30 June 2022 together with the Reports of Directors and Auditors thereon; to approve the payment of Directors' fees and allowances up to RM379,200 for the financial year ending 30 June 2023 payable monthly in arrears after each month of completed service of the Directors during the subject financial year; to re-elect the following Directors who retire in accordance with Regulation 90 of the Company's Constitution; to approve the appointment of Crowe Malaysia PLT as Auditors of the Company in place of the retiring PricewaterhouseCoopers PLT and to authorize the Directors to fix their remuneration; and to discuss other matters. Reported Earnings • Aug 27
Full year 2022 earnings released: EPS: RM0.065 (vs RM0.033 in FY 2021) Full year 2022 results: EPS: RM0.065 (up from RM0.033 in FY 2021). Revenue: RM194.3m (up 108% from FY 2021). Net income: RM5.15m (up 97% from FY 2021). Profit margin: 2.7% (down from 2.8% in FY 2021). The decrease in margin was driven by higher expenses. 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 47% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 02
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: RM0.014 (up from RM0.046 loss in 3Q 2021). Revenue: RM43.9m (up 132% from 3Q 2021). Net income: RM1.07m (up RM4.76m from 3Q 2021). Profit margin: 2.4% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 9.8%. Earnings per share (EPS) also missed analyst estimates by 21%. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Foong Chan is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 27
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: RM0.022 (up from RM0.023 loss in 2Q 2021). Revenue: RM48.9m (up 167% from 2Q 2021). Net income: RM1.72m (up RM3.53m from 2Q 2021). Profit margin: 3.5% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 9.8%. Earnings per share (EPS) also missed analyst estimates by 21%. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 66% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 28
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: RM0.01 (up from RM0.002 in 1Q 2021). Revenue: RM30.0m (up 99% from 1Q 2021). Net income: RM757.0k (up 405% from 1Q 2021). Profit margin: 2.5% (up from 1.0% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.8%. Earnings per share (EPS) also missed analyst estimates by 21%. Earnings per share (EPS) missed analyst estimates by 21%. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 79% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 63% share price gain to RM1.48, the stock trades at a trailing P/E ratio of 41.9x. Average trailing P/E is 18x in the Machinery industry in Malaysia. Total returns to shareholders of 448% over the past three years. Reported Earnings • Oct 01
Full year 2021 earnings released: EPS RM0.035 (vs RM0.041 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: RM93.8m (up 28% from FY 2020). Net income: RM2.81m (down 14% from FY 2020). Profit margin: 3.0% (down from 4.5% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 12
Third quarter 2021 earnings released: RM0.046 loss per share (vs RM0.005 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: RM18.9m (up 8.0% from 3Q 2020). Net loss: RM3.68m (down RM4.11m from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Executive Departure • May 06
Independent Non-Executive Chairman Ahmad Bin Haji Abdul Razak has left the company On the 28th of April, Ahmad Bin Haji Abdul Razak's tenure in the role of Independent Non-Executive Chairman ended. We don't have any record of a personal shareholding under Ahmad's name. A total of 2 executives have left over the last 12 months. Is New 90 Day High Low • Jan 20
New 90-day low: RM0.66 The company is down 6.0% from its price of RM0.69 on 22 October 2020. The Malaysian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 29% over the same period. Is New 90 Day High Low • Dec 17
New 90-day high: RM0.72 The company is up 7.0% from its price of RM0.68 on 17 September 2020. The Malaysian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 21% over the same period. Reported Earnings • Nov 28
First quarter 2021 earnings released: EPS RM0.002 The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: RM15.1m (down 21% from 1Q 2020). Net income: RM150.0k (up RM480.0k from 1Q 2020). Profit margin: 1.0% (up from net loss in 1Q 2020). The move to profitability was driven by lower expenses. 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 10% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Nov 05
New 90-day high: RM0.70 The company is up 1.0% from its price of RM0.69 on 07 August 2020. The Malaysian market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is flat over the same period. 
