Price Target Changed • Jun 18
Price target increased by 8.2% to RM2.12 Up from RM1.96, the current price target is provided by 1 analyst. New target price is 57% above last closing price of RM1.35. Stock is up 1.5% over the past year. The company is forecast to post earnings per share of RM0.36 next year compared to a net loss per share of RM0.089 last year. New Risk • Jun 12
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 8.3% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.3% average weekly change). Reported Earnings • May 26
First quarter 2026 earnings released: EPS: RM0.019 (vs RM0.025 in 1Q 2025) First quarter 2026 results: EPS: RM0.019 (down from RM0.025 in 1Q 2025). Revenue: RM8.15m (down 51% from 1Q 2025). Net income: RM10.3m (down 23% from 1Q 2025). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Machinery industry in Malaysia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Announcement • Apr 29
Coastal Contracts Bhd, Annual General Meeting, Jun 19, 2026 Coastal Contracts Bhd, Annual General Meeting, Jun 19, 2026, at 10:00 Singapore Standard Time. Location: block g, lot 3b, bandar leila, 90000 sandakan, sabah, Malaysia Upcoming Dividend • Apr 27
Upcoming dividend of RM0.03 per share Eligible shareholders must have bought the stock before 04 May 2026. Payment date: 22 May 2026. Trailing yield: 3.0%. Lower than top quartile of Malaysian dividend payers (5.5%). Higher than average of industry peers (2.2%). New Risk • Apr 19
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Price Target Changed • Mar 14
Price target decreased by 11% to RM1.97 Down from RM2.21, the current price target is provided by 1 analyst. New target price is 74% above last closing price of RM1.13. Stock is down 19% over the past year. The company is forecast to post earnings per share of RM0.19 next year compared to a net loss per share of RM0.089 last year. Reported Earnings • Mar 01
Full year 2025 earnings released: RM0.089 loss per share (vs RM0.30 profit in FY 2024) Full year 2025 results: RM0.089 loss per share (down from RM0.30 profit in FY 2024). Revenue: RM56.1m (down 28% from FY 2024). Net loss: RM48.1m (down 130% from profit in FY 2024). Revenue is forecast to grow 58% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Machinery industry in Malaysia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to RM1.42, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 15x in the Machinery industry in Malaysia. Total loss to shareholders of 40% over the past three years. New Risk • Nov 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 7.4% 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 Risks Earnings are forecast to decline by an average of 7.4% per year for the foreseeable future. High level of non-cash earnings (24% accrual ratio). Reported Earnings • Nov 28
Third quarter 2025 earnings released: EPS: RM0.036 (vs RM0.092 loss in 3Q 2024) Third quarter 2025 results: EPS: RM0.036 (up from RM0.092 loss in 3Q 2024). Revenue: RM15.9m (up 154% from 3Q 2024). Net income: RM19.8m (up RM68.8m from 3Q 2024). Revenue is forecast to grow 44% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Machinery industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 29
Second quarter 2025 earnings released: RM0.032 loss per share (vs RM0.026 profit in 2Q 2024) Second quarter 2025 results: RM0.032 loss per share (down from RM0.026 profit in 2Q 2024). Revenue: RM17.7m (up 25% from 2Q 2024). Net loss: RM17.6m (down 229% from profit in 2Q 2024). Revenue is forecast to grow 44% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Board Change • Aug 05
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Tin Seeto was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Jul 26
Price target increased by 10.0% to RM2.04 Up from RM1.86, the current price target is provided by 1 analyst. New target price is 62% above last closing price of RM1.26. Stock is down 31% over the past year. The company is forecast to post earnings per share of RM0.15 for next year compared to RM0.30 last year. Major Estimate Revision • Jun 03
Consensus revenue estimates decrease by 32%, EPS upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from RM191.8m to RM130.9m. EPS estimate increased from RM0.149 to RM0.20 per share. Net income forecast to grow 29% next year vs 29% growth forecast for Machinery industry in Malaysia. Consensus price target down from RM1.86 to RM1.73. Share price was steady at RM1.34 over the past week. New Risk • May 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 185% 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. This is currently the only risk that has been identified for the company. Reported Earnings • May 28
First quarter 2025 earnings released: EPS: RM0.025 (vs RM0.18 in 1Q 2024) First quarter 2025 results: EPS: RM0.025 (down from RM0.18 in 1Q 2024). Revenue: RM16.5m (down 7.1% from 1Q 2024). Net income: RM13.5m (down 86% from 1Q 2024). Profit margin: 82% (down from 533% in 1Q 2024). Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Machinery industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Apr 29
Coastal Contracts Bhd, Annual General Meeting, Jun 19, 2025 Coastal Contracts Bhd, Annual General Meeting, Jun 19, 2025, at 10:00 Singapore Standard Time. Location: block g, lot 3b, bandar leila, 90000 sandakan, sabah, Malaysia Announcement • Apr 16
Coastal Contracts Bhd Announces Cessation of Mr. Jacob O Pang Su Yin as Independent and Non Executive Chairman of Nomination Committee, Effective August 01, 2025 Coastal Contracts Bhd announced cessation of Mr. Jacob O Pang Su Yin as Independent and Non Executive Chairman of Nomination Committee. His age is 58 years. The date of change is August 01, 2025. The composition of the Nomination Committee after the change is as follows: The composition of the Nomination Committee after the change is as follows: Name: Tuan Hj. Ir Intizam Bin Ayub Directorate: Independent Non-Executive. Director Designation: Member Name: Mr.Seeto Yee @ Seeto Tin Yee, Directorate: Independent Non-Executive Director, Designation: Member. The cessation of office of Mr. Jacob Pang is due to his resignation as a director of COASTAL, which will take effect from 1 August 2025. Upcoming Dividend • Mar 14
Upcoming dividend of RM0.10 per share Eligible shareholders must have bought the stock before 21 March 2025. Payment date: 15 April 2025. The company last paid an ordinary dividend in April 2014. The average dividend yield among industry peers is 2.6%. New Risk • Mar 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 15% 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 Risks Earnings are forecast to decline by an average of 15% per year for the foreseeable future. High level of non-cash earnings (23% accrual ratio). Announcement • Mar 01
Coastal Contracts Bhd Declares Special Interim Single-Tier Dividend for the Financial Year Ended 31 December 2024, Payable on 15 April 2025 The Board of Directors of Coastal declared a Special Interim Single-Tier Dividend of 5.0 sen per ordinary share for the financial year ended 31 December 2024, which will be payable on 15 April 2025 to depositors registered in the Records of Depositors at the close of business on 24 March 2025. Price Target Changed • Dec 11
Price target increased by 12% to RM1.95 Up from RM1.74, the current price target is an average from 2 analysts. New target price is 31% above last closing price of RM1.49. Stock is down 6.3% over the past year. The company is forecast to post earnings per share of RM0.21 for next year compared to RM0.41 last year. Reported Earnings • Nov 28
Third quarter 2024 earnings released Third quarter 2024 results: RM0.092 loss per share. Net loss: RM49.1m (flat on 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Machinery industry in Malaysia. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. New Risk • Sep 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 19% 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 19% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: RM0.026 (vs RM0.093 loss in 2Q 2023) Second quarter 2024 results: EPS: RM0.026 (up from RM0.093 loss in 2Q 2023). Revenue: RM14.1m (down 75% from 2Q 2023). Net income: RM13.6m (up RM63.2m from 2Q 2023). Profit margin: 97% (up from net loss in 2Q 2023). Revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Machinery industry in Malaysia are expected to grow by 15%. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Jun 14
Consensus EPS estimates increase by 22% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from RM0.219 to RM0.267. Revenue forecast steady at RM99.1m. Net income forecast to shrink 10% next year vs 19% growth forecast for Machinery industry in Malaysia . Consensus price target up from RM1.69 to RM1.82. Share price rose 6.2% to RM1.72 over the past week. New Risk • Jun 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 12% 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 12% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (86% net profit margin). Reported Earnings • May 25
First quarter 2024 earnings released: EPS: RM0.18 (vs RM0.29 in 1Q 2023) First quarter 2024 results: EPS: RM0.18 (down from RM0.29 in 1Q 2023). Revenue: RM17.8m (down 68% from 1Q 2023). Net income: RM94.9m (down 38% from 1Q 2023). Revenue is expected to decline by 13% p.a. on average during the next 3 years, while revenues in the Machinery industry in Malaysia are expected to grow by 17%. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Announcement • May 01
Coastal Contracts Bhd, Annual General Meeting, Jun 13, 2024 Coastal Contracts Bhd, Annual General Meeting, Jun 13, 2024, at 10:00 Singapore Standard Time. Location: Registered Office, Block G, Lot 3B, Bandar Leila, 90000 Sandakan Sabah Malaysia Agenda: To receive the Audited Financial Statements for the financial period ended 31 December 2023 together with the Reports of the Directors and Auditors thereon; to approve the payment of fees and benefits to Non-Executive Directors, of up to but not exceeding the amount of RM80,000 for the period from 1 December 2023 to 13 June 2024; to approve the payment of fees and benefits to Non-Executive Directors, of up to but not exceeding the amount of RM190,000 for the period from 14 June 2024 until the next Annual General Meeting of the Company; and to discuss other matters. Price Target Changed • Mar 21
Price target decreased by 7.4% to RM1.44 Down from RM1.55, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of RM1.45. Stock is down 33% over the past year. The company is forecast to post earnings per share of RM0.17 for next year compared to RM0.41 last year. New Risk • Mar 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 32% 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 32% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (97% net profit margin). Major Estimate Revision • Dec 02
Consensus revenue estimates fall by 73% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from RM352.2m to RM96.6m. EPS estimate fell from RM0.204 to RM0.171 per share. Net income forecast to shrink 77% next year vs 31% growth forecast for Machinery industry in Malaysia . Consensus price target down from RM1.88 to RM1.67. Share price fell 2.3% to RM1.72 over the past week. Major Estimate Revision • Nov 24
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from RM387.2m to RM352.2m. EPS estimate also fell from RM0.259 per share to RM0.204 per share. Net income forecast to shrink 72% next year vs 25% growth forecast for Machinery industry in Malaysia . Consensus price target down from RM2.31 to RM1.88. Share price fell 9.7% to RM1.76 over the past week. Price Target Changed • Nov 23
Price target decreased by 17% to RM1.88 Down from RM2.26, the current price target is an average from 2 analysts. New target price is 7.1% above last closing price of RM1.75. Stock is down 20% over the past year. The company is forecast to post earnings per share of RM0.20 for next year compared to RM0.73 last year. Price Target Changed • Sep 01
Price target decreased by 20% to RM2.26 Down from RM2.83, the current price target is an average from 2 analysts. New target price is 7.6% above last closing price of RM2.10. Stock is up 13% over the past year. The company is forecast to post earnings per share of RM0.24 for next year compared to RM0.73 last year. Reported Earnings • Aug 31
Full year 2023 earnings released: EPS: RM0.72 (vs RM0.34 in FY 2022) Full year 2023 results: EPS: RM0.72 (up from RM0.34 in FY 2022). Revenue: RM226.8m (down 2.5% from FY 2022). Net income: RM384.1m (up 113% from FY 2022). Revenue is forecast to grow 1.2% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Machinery industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth. Announcement • Jun 24
Coastal Contracts Bhd Announces Resignation of Ng Chin Keuan, Executive Director Coastal Contracts Bhd announced the resignation of Mr. Ng Chin Keuan, executive director, age 64. Date of change: June 23, 2023. Reason: Personal Reason. Reported Earnings • May 24
Third quarter 2023 earnings released: EPS: RM0.29 (vs RM0.085 in 3Q 2022) Third quarter 2023 results: EPS: RM0.29 (up from RM0.085 in 3Q 2022). Revenue: RM55.7m (down 51% from 3Q 2022). Net income: RM153.7m (up 247% from 3Q 2022). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in Malaysia. 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 52% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Mar 07
Consensus EPS estimates increase by 46% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from RM0.39 to RM0.57. Revenue forecast unchanged at RM226.3m. Net income forecast to shrink 46% next year vs 21% growth forecast for Machinery industry in Malaysia . Consensus price target down from RM2.91 to RM2.83. Share price rose 4.0% to RM2.35 over the past week. Reported Earnings • Mar 01
Second quarter 2023 earnings released: EPS: RM0.26 (vs RM0.023 in 2Q 2022) Second quarter 2023 results: EPS: RM0.26 (up from RM0.023 in 2Q 2022). Revenue: RM62.4m (down 17% from 2Q 2022). Net income: RM139.0m (up RM127.2m from 2Q 2022). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Machinery industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Price Target Changed • Dec 07
Price target increased to RM2.87 Up from RM2.50, the current price target is an average from 2 analysts. New target price is 13% above last closing price of RM2.53. Stock is up 141% over the past year. The company is forecast to post earnings per share of RM0.38 for next year compared to RM0.34 last year. Reported Earnings • Dec 03
First quarter 2023 earnings released: EPS: RM0.27 (vs RM0.042 in 1Q 2022) First quarter 2023 results: EPS: RM0.27 (up from RM0.042 in 1Q 2022). Revenue: RM51.9m (flat on 1Q 2022). Net income: RM141.0m (up RM119.0m from 1Q 2022). Revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Machinery industry in Malaysia are expected to grow by 13%. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Dec 02
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate increased from RM0.27 to RM0.32. Revenue forecast unchanged at RM256.2m. Net income forecast to shrink 5.7% next year vs 17% growth forecast for Machinery industry in Malaysia . Consensus price target up from RM2.50 to RM2.64. Share price rose 10% to RM2.40 over the past week. Price Target Changed • Dec 01
Price target increased to RM2.64 Up from RM2.37, the current price target is an average from 2 analysts. New target price is 17% above last closing price of RM2.26. Stock is up 140% over the past year. The company is forecast to post earnings per share of RM0.32 for next year compared to RM0.34 last year. Board Change • Nov 16
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. 11 highly experienced directors. Director of Subsidiary Joo Lau was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Nov 01
Coastal Contracts Bhd, Annual General Meeting, Dec 01, 2022 Coastal Contracts Bhd, Annual General Meeting, Dec 01, 2022, at 10:00 Singapore Standard Time. Location: Block G, Lot 3B, Bandar Leila Sandakan Sabah Malaysia Agenda: To approve the payment of fees and benefits to the Non-Executive Directors; to consider Board changes; to re-appoint Messrs Crowe Malaysia PLT as Auditors of the Company and to authorise the Directors to fix their remuneration; to consider authority to issue shares pursuant to the Companies Act 2016; and to consider any other matter thereof. Reported Earnings • Aug 31
Full year 2022 earnings released: EPS: RM0.35 (vs RM0.062 in FY 2021) Full year 2022 results: EPS: RM0.35 (up from RM0.062 in FY 2021). Revenue: RM238.9m (up 48% from FY 2021). Net income: RM182.5m (up 464% from FY 2021). Profit margin: 76% (up from 20% in FY 2021). The increase in margin was primarily driven by lower expenses. Over the next year, revenue is forecast to grow 189%, compared to a 26% growth forecast for the Machinery industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jun 16
Price target increased to RM2.59 Up from RM2.06, the current price target is an average from 2 analysts. New target price is 50% above last closing price of RM1.73. Stock is up 116% over the past year. The company posted earnings per share of RM0.062 last year. Reported Earnings • May 28
Third quarter 2022 earnings released: EPS: RM0.085 (vs RM0.044 in 3Q 2021) Third quarter 2022 results: EPS: RM0.085 (up from RM0.044 in 3Q 2021). Revenue: RM114.4m (up 213% from 3Q 2021). Net income: RM44.3m (up 92% from 3Q 2021). Profit margin: 39% (down from 63% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 249%, compared to a 47% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. 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. 2 experienced directors. 10 highly experienced directors. Director of Subsidiary Joo Lau was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Mar 02
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: RM0.023 (up from RM0.003 loss in 2Q 2021). Revenue: RM74.9m (up 99% from 2Q 2021). Net income: RM11.8m (up RM13.3m from 2Q 2021). Profit margin: 16% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment deteriorated over the past week After last week's 16% share price decline to RM1.74, the stock trades at a trailing P/E ratio of 14.6x. Average forward P/E is 15x in the Machinery industry in Malaysia. Total returns to shareholders of 34% over the past three years. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improved over the past week After last week's 16% share price gain to RM1.78, the stock trades at a trailing P/E ratio of 14.9x. Average forward P/E is 15x in the Machinery industry in Malaysia. Total returns to shareholders of 111% over the past three years. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improved over the past week After last week's 18% share price gain to RM1.33, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 18x in the Machinery industry in Malaysia. Total returns to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improved over the past week After last week's 18% share price gain to RM1.11, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 16x in the Machinery industry in Malaysia. Total returns to shareholders of 22% over the past three years. Reported Earnings • Dec 01
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: RM0.042 (up from RM0.016 loss in 1Q 2021). Revenue: RM52.1m (up 37% from 1Q 2021). Net income: RM22.0m (up RM30.1m from 1Q 2021). Profit margin: 42% (up from net loss in 1Q 2021). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment deteriorated over the past week After last week's 17% share price decline to RM1.02, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 17x in the Machinery industry in Malaysia. Total returns to shareholders of 10% over the past three years. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improved over the past week After last week's 52% share price gain to RM1.20, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 18x in the Machinery industry in Malaysia. Total returns to shareholders of 32% over the past three years. Reported Earnings • Sep 29
Full year 2021 earnings released: EPS RM0.062 (vs RM0.20 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: RM161.6m (down 24% from FY 2020). Net income: RM32.7m (up RM137.8m from FY 2020). Profit margin: 20% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • May 28
Third quarter 2021 earnings released: EPS RM0.044 (vs RM0.083 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: RM36.6m (down 29% from 3Q 2020). Net income: RM23.1m (down 47% from 3Q 2020). Profit margin: 63% (down from 85% in 3Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 27
Second quarter 2021 earnings released: RM0.003 loss per share (vs RM0.003 loss in 2Q 2020) The company reported a soft second quarter result with weaker revenues and control over costs, although losses reduced. Second quarter 2021 results: Revenue: RM37.7m (down 27% from 2Q 2020). Net loss: RM1.52m (loss narrowed 6.0% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 18
New 90-day high: RM0.80 The company is up 23% from its price of RM0.65 on 20 November 2020. The Malaysian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Machinery industry, which is up 33% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: RM0.74 The company is up 18% from its price of RM0.63 on 04 September 2020. The Malaysian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 14% over the same period. Reported Earnings • Nov 26
First quarter 2021 earnings released: RM0.016 loss per share The company reported a poor first quarter result with weaker earnings, revenues and control over expenses. First quarter 2021 results: Revenue: RM38.0m (down 38% from 1Q 2020). Net loss: RM8.19m (down 135% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 30
New 90-day low: RM0.59 The company is down 9.0% from its price of RM0.65 on 30 July 2020. The Malaysian market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 14% over the same period. Is New 90 Day High Low • Oct 14
New 90-day low: RM0.60 The company is down 10.0% from its price of RM0.67 on 16 July 2020. The Malaysian market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 19% over the same period. 