Reported Earnings • May 21
Third quarter 2026 earnings released: RM0.034 loss per share (vs RM0.01 loss in 3Q 2025) Third quarter 2026 results: RM0.034 loss per share (further deteriorated from RM0.01 loss in 3Q 2025). Revenue: RM115.1m (down 1.6% from 3Q 2025). Net loss: RM6.56m (loss widened 248% from 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 28
Second quarter 2026 earnings released: EPS: RM0.063 (vs RM0.046 in 2Q 2025) Second quarter 2026 results: EPS: RM0.063 (up from RM0.046 in 2Q 2025). Revenue: RM146.9m (flat on 2Q 2025). Net income: RM12.3m (up 36% from 2Q 2025). Profit margin: 8.4% (up from 6.2% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Nov 27
Rhong Khen International Berhad Approves Final Single-Tier Dividend for the Financial Year Ended 30 June 2025 Rhong Khen International Berhad at its AGM held on 27 November 2025 a final single-tier dividend of 1.0 sen per ordinary share for the financial year ended 30 June 2025. Upcoming Dividend • Nov 27
Upcoming dividend of RM0.04 per share Eligible shareholders must have bought the stock before 04 December 2025. Payment date: 12 December 2025. Payout ratio is a comfortable 71% but the company is paying out more than the cash it is generating. Trailing yield: 3.8%. Lower than top quartile of Malaysian dividend payers (5.6%). Lower than average of industry peers (4.6%). Reported Earnings • Nov 03
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: RM0.057 (down from RM0.064 in FY 2024). Revenue: RM515.9m (down 1.1% from FY 2024). Net income: RM11.0m (down 11% from FY 2024). Profit margin: 2.1% (down from 2.4% in FY 2024). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 48%. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Oct 29
Rhong Khen International Berhad, Annual General Meeting, Nov 27, 2025 Rhong Khen International Berhad, Annual General Meeting, Nov 27, 2025, at 12:30 Singapore Standard Time. Location: the saujana hotel kuala lumpur, jalan lapangan terbang saas, selangor darul ehsan, 40150 shah alam Malaysia Board Change • Oct 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 Krishnan Muniandy 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. Reported Earnings • Aug 31
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: RM0.056 (down from RM0.064 in FY 2024). Revenue: RM515.9m (down 1.1% from FY 2024). Net income: RM11.0m (down 12% from FY 2024). Profit margin: 2.1% (down from 2.4% in FY 2024). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 48%. Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Consumer Durables industry in Asia. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. New Risk • Aug 30
New major risk - Revenue and earnings growth Earnings have declined by 21% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 21% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (133% payout ratio). Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (RM244.0m market cap, or US$57.8m). Reported Earnings • May 22
Third quarter 2025 earnings released: RM0.01 loss per share (vs RM0.003 profit in 3Q 2024) Third quarter 2025 results: RM0.01 loss per share (down from RM0.003 profit in 3Q 2024). Revenue: RM116.9m (up 1.9% from 3Q 2024). Net loss: RM1.89m (down 387% from profit in 3Q 2024). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Consumer Durables industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 42% 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. Reported Earnings • Feb 27
Second quarter 2025 earnings released: EPS: RM0.046 (vs RM0.054 in 2Q 2024) Second quarter 2025 results: EPS: RM0.046 (down from RM0.054 in 2Q 2024). Revenue: RM145.5m (down 6.8% from 2Q 2024). Net income: RM9.04m (down 13% from 2Q 2024). Profit margin: 6.2% (down from 6.7% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in Malaysia. 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 8% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Dec 15
Upcoming dividend of RM0.06 per share Eligible shareholders must have bought the stock before 19 December 2024. Payment date: 31 December 2024. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Malaysian dividend payers (5.0%). Lower than average of industry peers (4.3%). Reported Earnings • Nov 29
First quarter 2025 earnings released: EPS: RM0.02 (vs RM0.019 in 1Q 2024) First quarter 2025 results: EPS: RM0.02 (up from RM0.019 in 1Q 2024). Revenue: RM132.1m (up 9.5% from 1Q 2024). Net income: RM3.99m (up 7.7% from 1Q 2024). Profit margin: 3.0% (down from 3.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Durables industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Nov 28
Rhong Khen International Berhad Announces First Interim Single-Tier Dividend for the Financial Year Ending June 30, 2025, Payable on December 31, 2024 Rhong Khen International Berhad announced First interim single-tier dividend of 3.0 sen per ordinary share for the financial year ending 30 June 2025. Ex-date is December 19, 2024. Entitlement date is December 20, 2024. The dividend will be payable on December 31, 2024. Announcement • Oct 31
Rhong Khen International Berhad, Annual General Meeting, Nov 28, 2024 Rhong Khen International Berhad, Annual General Meeting, Nov 28, 2024, at 12:00 Singapore Standard Time. Location: glenmarie hotel & golf resort, no. 1, jalan usahawan u1/8, seksyen u1, 40250 shah alam, selangor darul ehsan, Malaysia Declared Dividend • Oct 16
Final dividend of RM0.03 announced Dividend of RM0.03 is the same as last year. Ex-date: 19th December 2024 Payment date: 10th January 2025 Dividend yield will be 3.4%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 2.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 55% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 29
Rhong Khen International Berhad Proposes Final Single-Tier Dividend for the Financial Year Ended 30 June 2024 Rhong Khen International Berhad proposed a final single-tier dividend of 3.0 sen per ordinary share for the financial year ended 30 June 2024, subject to shareholders' approval at the forthcoming Thirtieth Annual General Meeting of the Company. The entitlement date and payment date for the Proposed Final Dividend will be determined and announced by the Company in due course. New Risk • Aug 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.8% 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 0.8% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (RM239.8m market cap, or US$55.2m). Major Estimate Revision • Jun 03
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from RM533.2m to RM570.7m. EPS estimate increased from RM0.076 to RM0.086 per share. Net income forecast to shrink 21% next year vs 7.9% growth forecast for Consumer Durables industry in Malaysia . Consensus price target up from RM1.26 to RM1.51. Share price was steady at RM1.38 over the past week. Price Target Changed • May 29
Price target increased by 17% to RM1.51 Up from RM1.30, the current price target is an average from 2 analysts. New target price is 12% above last closing price of RM1.35. Stock is up 0.7% over the past year. The company is forecast to post earnings per share of RM0.086 for next year compared to RM0.12 last year. Reported Earnings • May 28
Third quarter 2024 earnings released: EPS: RM0.003 (vs RM0.043 loss in 3Q 2023) Third quarter 2024 results: EPS: RM0.003 (up from RM0.043 loss in 3Q 2023). Revenue: RM114.8m (up 17% from 3Q 2023). Net income: RM659.0k (up RM8.94m from 3Q 2023). Profit margin: 0.6% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Consumer Durables industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 08
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 15 April 2024. Payment date: 10 May 2024. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Malaysian dividend payers (4.6%). Lower than average of industry peers (4.7%). Upcoming Dividend • Apr 02
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 09 April 2024. Payment date: 10 May 2024. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Malaysian dividend payers (4.6%). Lower than average of industry peers (4.9%). Declared Dividend • Feb 23
First half dividend of RM0.01 announced Shareholders will receive a dividend of RM0.01. Ex-date: 9th April 2024 Payment date: 10th May 2024 Dividend yield will be 3.1%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased by an average of 2.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Feb 22
Price target decreased by 7.4% to RM1.26 Down from RM1.36, the current price target is an average from 2 analysts. New target price is 5.3% below last closing price of RM1.33. Stock is up 0.8% over the past year. The company is forecast to post earnings per share of RM0.076 for next year compared to RM0.12 last year. Reported Earnings • Feb 22
Second quarter 2024 earnings released: EPS: RM0.054 (vs RM0.058 in 2Q 2023) Second quarter 2024 results: EPS: RM0.054 (down from RM0.058 in 2Q 2023). Revenue: RM156.1m (down 16% from 2Q 2023). Net income: RM10.4m (down 7.5% from 2Q 2023). Profit margin: 6.7% (up from 6.0% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Durables industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 28% 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. Upcoming Dividend • Dec 13
Upcoming dividend of RM0.03 per share at 3.2% yield Eligible shareholders must have bought the stock before 20 December 2023. Payment date: 12 January 2024. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Malaysian dividend payers (5.1%). Lower than average of industry peers (5.5%). Reported Earnings • Nov 30
First quarter 2024 earnings released: EPS: RM0.019 (vs RM0.053 in 1Q 2023) First quarter 2024 results: EPS: RM0.019 (down from RM0.053 in 1Q 2023). Revenue: RM120.7m (down 49% from 1Q 2023). Net income: RM3.71m (down 64% from 1Q 2023). Profit margin: 3.1% (down from 4.4% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Consumer Durables industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 14% per year. Announcement • Nov 29
Rhong Khen International Berhad Approves Fiinal Single-Tier Dividend of Onr Ordinary Shares for the Financial Year Ended 30 June 2023 Rhong Khen International Berhad at its AGM held on November 29, 2023, approved a final single-tier dividend of 3.0 sen per ordinary share for the financial year ended 30 June 2023. Announcement • Oct 28
Rhong Khen International Berhad, Annual General Meeting, Nov 29, 2023 Rhong Khen International Berhad, Annual General Meeting, Nov 29, 2023, at 12:00 Singapore Standard Time. Location: Glenmarie Hotel & Golf Resort No. 1, Jalan Usahawan U1/8, Seksyen U1 40250 Shah Alam SELANGOR DARUL EHSAN Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 30 June 2023 together with Reports of the Directors and Auditors thereon; to approve a final single-tier dividend of 3.0 sen per ordinary share; to approve the payment of Directors' fees and Directors' benefits up to MYR 350,000.00 for the period from 30 November 2023 until the next Annual General Meeting of the Company payable quarterly in arrears; to re-elect Mr. Toh Seng Thong; to re-elect Mr. Lin, Chin-Hung who retires in accordance with Clause 96 of the Constitution of the Company; to re-appoint Messrs Ernst & Young PLT as Auditors of the Company; to consider Authority for Directors to issue and allot shares. Announcement • Oct 13
Rhong Khen International Berhad Announces Final Single-Tier Dividend Payable on Jan. 12, 2024 Rhong Khen International Berhad announced a final single-tier dividend of 3.0 sen per ordinary share for the financial year ended 30 June 2023. Ex-Date: 20 Dec. 2023. Entitlement date: 21 Dec. 2023. Payment Date: 12 Jan. 2024. Reported Earnings • Aug 25
Full year 2023 earnings released: EPS: RM0.12 (vs RM0.18 in FY 2022) Full year 2023 results: EPS: RM0.12 (down from RM0.18 in FY 2022). Revenue: RM649.4m (down 14% from FY 2022). Net income: RM22.6m (down 36% from FY 2022). Profit margin: 3.5% (down from 4.7% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 2 years compared to a 11% growth forecast for the Consumer Durables 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 9% per year, which means it is well ahead of earnings. Announcement • Aug 25
Rhong Khen International Berhad Proposes Final Single-Tier Dividend for the Financial Year Ended 30 June 2023 Rhong Khen International Berhad announced that the Directors have on 24 August 2023 proposed a final single-tier dividend of 3.0 sen per ordinary share for the financial year ended 30 June 2023, subject to shareholders' approval at the forthcoming Twenty-Ninth Annual General Meeting of the Company. New Risk • Jul 02
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.0% 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 2.0% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (RM250.6m market cap, or US$53.7m). Major Estimate Revision • Jun 01
Consensus revenue estimates fall by 16% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from RM710.7m to RM596.6m. EPS estimate fell from RM0.173 to RM0.018 per share. Net income forecast to shrink 63% next year vs 23% decline forecast for Consumer Durables industry in Malaysia. Consensus price target down from RM1.35 to RM1.30. Share price fell 4.3% to RM1.34 over the past week. Reported Earnings • May 27
Third quarter 2023 earnings released: RM0.043 loss per share (vs RM0.056 profit in 3Q 2022) Third quarter 2023 results: RM0.043 loss per share (down from RM0.056 profit in 3Q 2022). Revenue: RM97.9m (down 50% from 3Q 2022). Net loss: RM8.28m (down 176% from profit in 3Q 2022). Revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Malaysia are expected to grow by 8.7%. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 06
Upcoming dividend of RM0.01 per share at 4.3% yield Eligible shareholders must have bought the stock before 13 April 2023. Payment date: 12 May 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of Malaysian dividend payers (5.2%). In line with average of industry peers (4.7%). Reported Earnings • Feb 24
Second quarter 2023 earnings released: EPS: RM0.058 (vs RM0.03 in 2Q 2022) Second quarter 2023 results: EPS: RM0.058 (up from RM0.03 in 2Q 2022). Revenue: RM186.3m (up 22% from 2Q 2022). Net income: RM11.3m (up 96% from 2Q 2022). Profit margin: 6.0% (up from 3.8% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 6.9% growth forecast for the Consumer Durables industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Dec 15
Upcoming dividend of RM0.05 per share Eligible shareholders must have bought the stock before 22 December 2022. Payment date: 13 January 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of Malaysian dividend payers (5.0%). In line with average of industry peers (4.5%). Announcement • Dec 03
Rhong Khen International Berhad Announces Re-Designation of Toh Seng Thong from Independent Director to Non-Independent Director Rhong Khen International Berhad announced re-designation of MR TOH SENG THONG from Independent Director to Non-Independent Director. date of change is November 29, 2022. Age is 64. Reported Earnings • Dec 03
First quarter 2023 earnings released: EPS: RM0.053 (vs RM0.008 in 1Q 2022) First quarter 2023 results: EPS: RM0.053 (up from RM0.008 in 1Q 2022). Revenue: RM234.2m (up 39% from 1Q 2022). Net income: RM10.4m (up RM8.91m from 1Q 2022). Profit margin: 4.4% (up from 0.9% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 6.7% growth forecast for the Consumer Durables industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Oct 12
Rhong Khen International Berhad Announces Final Single Tier Dividend for the Financial Year Ended 30 June 2022, Payable on 13 January 2023 Rhong Khen International Berhad announced final single tier dividend of 5.0 sen per ordinary share for the financial year ended 30 June 2022. Ex-Date is on 22 December 2022. Entitlement date is on 23 December 2022. Payment Date is on 13 January 2023. Announcement • Sep 03
Rhong Khen International Berhad Appoints Sandra Segaran A/L as Independent and Non Executive Director Rhong Khen International Berhad announced appointment of Mr. Sandra Segaran A/L as Independent and Non Executive Director, Age 55, Date of change September 02, 2022. His work experience are Audit Senior to Audit Director, Ernst & Young (1993-2009); Audit Partner, Ernst & Young (2009-2020); Managing Director, Allied Aeronautics Training Centre Sdn Bhd (2020-Present). Reported Earnings • Sep 01
Full year 2022 earnings released: EPS: RM0.18 (vs RM0.28 in FY 2021) Full year 2022 results: EPS: RM0.18 (down from RM0.28 in FY 2021). Revenue: RM756.3m (down 17% from FY 2021). Net income: RM35.5m (down 34% from FY 2021). Profit margin: 4.7% (down from 5.9% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Aug 30
Rhong Khen International Berhad Proposes Final Single Tier Dividend for the Financial Year Ended 30 June 2022 The Board of Directors of Rhong Khen International Berhad announced that the Directors have on 30 August 2022 proposed a final single tier dividend of 5.0 sen per ordinary share for the financial year ended 30 June 2022 ("Proposed Final Dividend"), subject to the shareholders' approval at the forthcoming Twenty-Eighth Annual General Meeting of the Company. Reported Earnings • May 24
Third quarter 2022 earnings released: EPS: RM0.056 (vs RM0.057 in 3Q 2021) Third quarter 2022 results: EPS: RM0.056 (down from RM0.057 in 3Q 2021). Revenue: RM194.8m (down 10% from 3Q 2021). Net income: RM10.8m (down 6.2% from 3Q 2021). Profit margin: 5.6% (up from 5.3% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Chairman Norraesah binti Haji Mohamad was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Apr 07
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 14 April 2022. Payment date: 13 May 2022. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Malaysian dividend payers (4.4%). Lower than average of industry peers (4.2%). Reported Earnings • Feb 27
Second quarter 2022 earnings: EPS in line with expectations, revenues disappoint Second quarter 2022 results: EPS: RM0.03 (down from RM0.14 in 2Q 2021). Revenue: RM152.5m (down 38% from 2Q 2021). Net income: RM5.75m (down 78% from 2Q 2021). Profit margin: 3.8% (down from 11% in 2Q 2021). Revenue missed analyst estimates by 8.1%. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Feb 25
Latitude Tree Holdings Berhad Declares First Interim Dividend for the Financial Year Ending 30 June 2022, Payable on 13 May 2022 Latitude Tree Holdings Berhad declares First Interim Dividend of 1.0 sen per ordinary share in respect of the financial year ending 30 June 2022, payable on 13 May 2022. Ex-Date is 14 Apr. 2022. Upcoming Dividend • Dec 23
Upcoming dividend of RM0.03 per share Eligible shareholders must have bought the stock before 30 December 2021. Payment date: 14 January 2022. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of Malaysian dividend payers (4.5%). Higher than average of industry peers (4.7%). Executive Departure • Dec 01
Company Secretary Siew Wong has left the company On the 1st of December, Siew Wong's tenure as Company Secretary ended after 4.2 years in the role. We don't have any record of a personal shareholding under Siew's name. Siew is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 9.83 years. Reported Earnings • Nov 01
Full year 2021 earnings released: EPS RM0.28 (vs RM0.088 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: RM911.9m (up 33% from FY 2020). Net income: RM53.8m (up 220% from FY 2020). Profit margin: 5.9% (up from 2.5% 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 57% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Board Change • Oct 19
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Chairman Norraesah binti Haji Mohamad was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Jul 20
Latitude Tree Holdings Berhad Announces Temporary Interruption of Manufacturing Facilities in Binh Duong, Vietnam The Board of Directors of Latitude Tree Holdings Berhad announced that two (2) wholly owned Vietnam subsidiaries of the Company namely Latitude Tree Vietnam Joint Stock Company and RK Resources Co. Ltd. are partially suspending their operation from 19 July to 24 July 2021 to comply with Vietnam Government Directive No. 16. Vietnam Government had on 16 July 2021 announced to impose 14 days social distancing rules under Directive No. 16 effective 19 July 2021 to contain outbreak of Covid-19 virus in 16 southern states of Vietnam. Under Directive No. 16, only factories, businesses and service establishments producing and providing essential goods and services are allowed to open and asked to ensure workers follow strict health guidelines issued by Vietnam Health Authority. Announcement • Jun 09
Latitude Tree Holdings Berhad Announces Temporary Suspension of Manufacturing Facilities in Kapar, Selangor Darul Ehsan Latitude Tree Holdings Berhad announced that two (2) wholly owned Malaysia subsidiaries of the Company namely Latitude Tree Furniture Sdn. Bhd. and Rhong Khen Industries Sdn. Bhd. had discovered several positive cases of Covid-19 infection among its factory workers. There are 13 positive cases thus far and under treatment and quarantine. With guidance from the Ministry of Health (“MOH”), both factories are suspending their operation from 8 June to 18 June 2021. The Company has adopted all possible and necessary standard operating procedures (“SOPs”) at company operations, premises, as well as hostels including implementing social distancing measures, temperature checks, proper hygiene, PPE usage, regular sanitisation, restricting visits by outsiders, etc. Despite stringent SOPs practices, the company has recorded its first cases of Covid-19 infection. Company will continue to adhere to Covid-19 preventive SOPs on a stringent basis. Disinfection exercises at all company premises and workers’ accommodation will continue to be conducted regularly, with all the necessary precautionary measures strictly in place. Reported Earnings • May 29
Third quarter 2021 earnings released: EPS RM0.11 (vs RM0.014 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: RM216.7m (up 52% from 3Q 2020). Net income: RM11.6m (up 343% from 3Q 2020). Profit margin: 5.3% (up from 1.8% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 09
Upcoming dividend of RM0.05 per share Eligible shareholders must have bought the stock before 15 April 2021. Payment date: 12 May 2021. Trailing yield: 2.5%. Lower than top quartile of Malaysian dividend payers (4.0%). Lower than average of industry peers (5.0%). Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment deteriorated over the past week After last week's 50% share price decline to RM2.13, the stock is trading at a trailing P/E ratio of 4.8x, down from the previous P/E ratio of 9.4x. This compares to an average P/E of 15x in the Consumer Durables industry in Malaysia. Total return to shareholders over the past three years is a loss of 38%. Is New 90 Day High Low • Mar 11
New 90-day low: RM2.13 The company is down 52% from its price of RM4.40 on 11 December 2020. The Malaysian market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 6.0% over the same period. Is New 90 Day High Low • Mar 05
New 90-day high: RM4.50 The company is up 17% from its price of RM3.86 on 04 December 2020. The Malaysian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 6.0% over the same period. Reported Earnings • Feb 27
Second quarter 2021 earnings released: EPS RM0.28 (vs RM0.074 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RM244.3m (up 17% from 2Q 2020). Net income: RM26.6m (up 269% from 2Q 2020). Profit margin: 11% (up from 3.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 08
New 90-day high: RM4.41 The company is up 13% from its price of RM3.90 on 10 November 2020. The Malaysian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 14% over the same period. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 18% share price gain to RM4.38, the stock is trading at a trailing P/E ratio of 17.9x, up from the previous P/E ratio of 15.1x. This compares to an average P/E of 13x in the Consumer Durables industry in Malaysia. Total returns to shareholders over the past three years are 10%. Is New 90 Day High Low • Dec 09
New 90-day high: RM4.32 The company is up 89% from its price of RM2.28 on 10 September 2020. The Malaysian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 21% over the same period. Reported Earnings • Nov 28
First quarter 2021 earnings released: EPS RM0.14 The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: RM235.0m (up 21% from 1Q 2020). Net income: RM13.1m (up 99% from 1Q 2020). Profit margin: 5.6% (up from 3.4% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% 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. Announcement • Nov 17
Latitude Tree Holdings Berhad, Annual General Meeting, Dec 15, 2020 Latitude Tree Holdings Berhad, Annual General Meeting, Dec 15, 2020, at 14:00 Singapore Standard Time. Valuation Update With 7 Day Price Move • Nov 04
Market bids up stock over the past week After last week's 17% share price gain to RM3.36, the stock is trading at a trailing P/E ratio of 19.1x, up from the previous P/E ratio of 16.4x. This compares to an average P/E of 11x in the Consumer Durables industry in Malaysia. Total return to shareholders over the past three years is a loss of 20%. Is New 90 Day High Low • Oct 20
New 90-day high: RM2.77 The company is up 27% from its price of RM2.18 on 22 July 2020. The Malaysian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 17% over the same period. Valuation Update With 7 Day Price Move • Oct 13
Market bids up stock over the past week After last week's 19% share price gain to RM2.69, the stock is trading at a trailing P/E ratio of 15.4x, up from the previous P/E ratio of 13x. This compares to an average P/E of 13x in the Consumer Durables industry in Malaysia. Total return to shareholders over the past three years is a loss of 40%.