Buy Or Sell Opportunity • Aug 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.0% to RM0.76. The fair value is estimated to be RM0.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has declined by 3.6%. Buy Or Sell Opportunity • Jul 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.1% to RM0.74. The fair value is estimated to be RM0.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has declined by 3.6%. Buy Or Sell Opportunity • Jun 26
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at RM0.75. The fair value is estimated to be RM0.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has declined by 3.6%. Buy Or Sell Opportunity • Jun 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.5% to RM0.75. The fair value is estimated to be RM0.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has declined by 3.6%. Reported Earnings • May 28
First quarter 2026 earnings released: EPS: RM0.03 (vs RM0.041 in 1Q 2025) First quarter 2026 results: EPS: RM0.03 (down from RM0.041 in 1Q 2025). Revenue: RM459.9m (up 4.4% from 1Q 2025). Net income: RM34.8m (down 25% from 1Q 2025). Profit margin: 7.6% (down from 11% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. New Risk • May 28
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.7% Last year net profit margin: 9.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 28
Second quarter 2026 earnings released: EPS: RM0.031 (vs RM0.038 in 2Q 2025) Second quarter 2026 results: EPS: RM0.031 (down from RM0.038 in 2Q 2025). Revenue: RM606.5m (flat on 2Q 2025). Net income: RM36.9m (down 13% from 2Q 2025). Profit margin: 6.1% (down from 6.9% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Nov 28
First quarter 2026 earnings released: EPS: RM0.038 (vs RM0.028 in 1Q 2025) First quarter 2026 results: EPS: RM0.038 (up from RM0.028 in 1Q 2025). Revenue: RM529.5m (up 110% from 1Q 2025). Net income: RM43.8m (up 41% from 1Q 2025). Profit margin: 8.3% (down from 12% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Upcoming Dividend • Nov 26
Upcoming dividend of RM0.05 per share Eligible shareholders must have bought the stock before 03 December 2025. Payment date: 17 December 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 5.4%. Lower than top quartile of Malaysian dividend payers (5.6%). Higher than average of industry peers (4.8%). Declared Dividend • Nov 02
Dividend increased to RM0.05 Dividend of RM0.05 is 67% higher than last year. Ex-date: 3rd December 2025 Payment date: 17th December 2025 Dividend yield will be 6.0%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 34% per year over the past 3 years and payments have been stable during that time. Earnings per share has grown by 44% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Ankündigung • Nov 01
Shin Yang Group Berhad announces Annual dividend, payable on December 17, 2025 Shin Yang Group Berhad announced Annual dividend of MYR 0.0500 per share payable on December 17, 2025, ex-date on December 03, 2025 and record date on December 04, 2025. Ankündigung • Oct 31
Shin Yang Group Berhad, Annual General Meeting, Dec 09, 2025 Shin Yang Group Berhad, Annual General Meeting, Dec 09, 2025, at 11:00 Singapore Standard Time. Location: conference room, level 5 imperial hotel, jalan pos 98000 miri, sarawak, Malaysia Buy Or Sell Opportunity • Oct 31
Now 21% undervalued Over the last 90 days, the stock has risen 5.7% to RM0.84. The fair value is estimated to be RM1.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has declined by 9.4%. Reported Earnings • Aug 31
Full year 2025 earnings released: EPS: RM0.15 (vs RM0.098 in FY 2024) Full year 2025 results: EPS: RM0.15 (up from RM0.098 in FY 2024). Revenue: RM1.86b (up 94% from FY 2024). Net income: RM164.3m (up 49% from FY 2024). Profit margin: 8.8% (down from 12% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jul 21
Now 21% undervalued Over the last 90 days, the stock has risen 13% to RM0.80. The fair value is estimated to be RM1.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 2.7%. Buy Or Sell Opportunity • Jul 03
Now 21% undervalued Over the last 90 days, the stock has risen 6.0% to RM0.80. The fair value is estimated to be RM1.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 2.7%. Buy Or Sell Opportunity • Jun 10
Now 21% undervalued Over the last 90 days, the stock has risen 4.6% to RM0.79. The fair value is estimated to be RM1.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 2.7%. Reported Earnings • May 30
Third quarter 2025 earnings released: EPS: RM0.041 (vs RM0.031 in 3Q 2024) Third quarter 2025 results: EPS: RM0.041 (up from RM0.031 in 3Q 2024). Revenue: RM440.4m (up 75% from 3Q 2024). Net income: RM46.4m (up 34% from 3Q 2024). Profit margin: 11% (down from 14% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Reported Earnings • Feb 27
Second quarter 2025 earnings released: EPS: RM0.038 (vs RM0.017 in 2Q 2024) Second quarter 2025 results: EPS: RM0.038 (up from RM0.017 in 2Q 2024). Revenue: RM611.0m (up 160% from 2Q 2024). Net income: RM42.4m (up 117% from 2Q 2024). Profit margin: 6.9% (down from 8.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Feb 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to RM0.79. The fair value is estimated to be RM1.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 19%. Buy Or Sell Opportunity • Jan 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.5% to RM0.83. The fair value is estimated to be RM1.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 19%. Buy Or Sell Opportunity • Dec 16
Now 21% undervalued Over the last 90 days, the stock has risen 5.1% to RM0.83. The fair value is estimated to be RM1.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 19%. Ankündigung • Dec 05
Shin Yang Group Berhad Approves Single-Tier Final Dividend for the Financial Year Ended 30 June 2024 Shin Yang Group Berhad announced that at the Annual General Meeting held on 05 December 2024, approved the declaration of a single-tier final dividend of 3.00 sen for the financial year ended 30 June 2024. Upcoming Dividend • Nov 22
Upcoming dividend of RM0.03 per share Eligible shareholders must have bought the stock before 29 November 2024. Payment date: 13 December 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Malaysian dividend payers (4.9%). Lower than average of industry peers (4.7%). Reported Earnings • Nov 05
Full year 2024 earnings released: EPS: RM0.098 (vs RM0.16 in FY 2023) Full year 2024 results: EPS: RM0.098 (down from RM0.16 in FY 2023). Revenue: RM959.8m (up 2.2% from FY 2023). Net income: RM110.6m (down 39% from FY 2023). Profit margin: 12% (down from 19% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year and the company’s share price has also increased by 34% per year. Declared Dividend • Nov 01
Dividend of RM0.03 announced Shareholders will receive a dividend of RM0.03. Ex-date: 29th November 2024 Payment date: 13th December 2024 Dividend yield will be 3.5%, which is lower than the industry average of 4.6%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 55% per year over the past 2 years and payments have been stable during that time. Earnings per share has grown by 63% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Ankündigung • Oct 31
Shin Yang Group Berhad, Annual General Meeting, Dec 05, 2024 Shin Yang Group Berhad, Annual General Meeting, Dec 05, 2024, at 11:00 Singapore Standard Time. Location: conference room, level 5 imperial hotel, jalan pos 98000 miri, sarawak, Malaysia Ankündigung • Oct 03
Shin Yang Group Berhad (KLSE:SYGROUP) completed the acquisition of 60% stake in Boulevard Motor, Boulevard Motor (Sabah) and Boulevard Motor (Labuan) from Best Megalink Sdn Bhd, Melana Sinar Sdn Bhd and Kemena Sinar Sdn. Bhd. for approximately MYR 113 million. Shin Yang Group Berhad (KLSE:SYGROUP) agreed to acquire 60% stake in Boulevard Motor, Boulevard Motor (Sabah) and Boulevard Motor (Labuan) from Best Megalink Sdn Bhd, Melana Sinar Sdn Bhd and Kemena Sinar Sdn. Bhd. for MYR on July 11, 2024. As part of consideration, MYR 70.17 million is paid in cash while the remaining is paid via issue of equity shares. The transaction will be financed through equity investment of MYR 70.17 million. For the period ending December 31, 2023, Boulevard Motor, Boulevard Motor (Sabah) and Boulevard Motor (Labuan) reported total revenue of MYR 1.06 billion and net loss of MYR 20.78 million. The transaction is subject to legal and financial due diligence, Board and shareholder approval of Shin Yang Group Berhad, Best Megalink Sdn Bhd, Melana Sinar Sdn Bhd, and Kemena Sinar Sdn. Bhd. The deal is expected to be completed by the third quarter of 2024. AmInvestment Bank Berhad acted as financial advisor for Shin Yang Group Berhad.
Shin Yang Group Berhad (KLSE:SYGROUP) completed the acquisition of 60% stake in Boulevard Motor, Boulevard Motor (Sabah) and Boulevard Motor (Labuan) from Best Megalink Sdn Bhd, Melana Sinar Sdn Bhd and Kemena Sinar Sdn. Bhd. for approximately MYR 113 million on October 1, 2024. Ankündigung • Oct 02
Shin Yang Group Berhad (KLSE:SYGROUP) completed the acquisition of Boulevard Jaya Sdn. Bhd. from KTE Motors Sdn. Bhd. and Shin Yang Holding Sendirian Berhad and Ling Chiong Sing. Shin Yang Group Berhad (KLSE:SYGROUP) agreed to acquire Boulevard Jaya Sdn. Bhd. from KTE Motors Sdn. Bhd. and Shin Yang Holding Sendirian Berhad and Ling Chiong Sing for MYR 27.5 million on July 11, 2024. A cash consideration of MYR 27.5 million will be paid by Shin Yang Group Berhad. The transaction will be financed through equity investment of MYR 27.5 million. The transaction is subject to approval by regulatory board / committee and approval of offer by acquirer shareholders. The expected completion of the transaction is July 11, 2024 to September 30, 2024. As of September 24, 2024, the conditions precedents have been waived off. AmInvestment Bank Berhad acted as financial advisor for Shin Yang Group Berhad.
Shin Yang Group Berhad (KLSE:SYGROUP) completed the acquisition of Boulevard Jaya Sdn. Bhd. from KTE Motors Sdn. Bhd. and Shin Yang Holding Sendirian Berhad and Ling Chiong Sing on October 1, 2024. Buy Or Sell Opportunity • Sep 11
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at RM0.77. The fair value is estimated to be RM0.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 35%. New Risk • Sep 02
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 8.6% 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 (8.6% average weekly change). Profit margins are more than 30% lower than last year (12% net profit margin). Reported Earnings • Aug 31
Full year 2024 earnings released: EPS: RM0.10 (vs RM0.16 in FY 2023) Full year 2024 results: EPS: RM0.10 (down from RM0.16 in FY 2023). Revenue: RM961.6m (up 2.3% from FY 2023). Net income: RM114.1m (down 37% from FY 2023). Profit margin: 12% (down from 19% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 39% per year. New Risk • Jun 04
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 14% Last year net profit margin: 22% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. 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. Profit margins are more than 30% lower than last year (14% net profit margin). Reported Earnings • Jun 04
Third quarter 2024 earnings released: EPS: RM0.031 (vs RM0.039 in 3Q 2023) Third quarter 2024 results: EPS: RM0.031 (down from RM0.039 in 3Q 2023). Revenue: RM252.2m (up 7.4% from 3Q 2023). Net income: RM34.7m (down 23% from 3Q 2023). Profit margin: 14% (down from 19% 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 54% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 29
Second quarter 2024 earnings released: EPS: RM0.017 (vs RM0.033 in 2Q 2023) Second quarter 2024 results: EPS: RM0.017 (down from RM0.033 in 2Q 2023). Revenue: RM235.3m (flat on 2Q 2023). Net income: RM19.5m (down 49% from 2Q 2023). Profit margin: 8.3% (down from 16% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Board Change • Feb 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Dominic Lai was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • Dec 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be RM0.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company has become profitable. Board Change • Dec 01
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent & Non-Executive Director Nyet Yong was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 01
First quarter 2024 earnings released: EPS: RM0.023 (vs RM0.044 in 1Q 2023) First quarter 2024 results: EPS: RM0.023 (down from RM0.044 in 1Q 2023). Revenue: RM222.4m (down 10% from 1Q 2023). Net income: RM26.1m (down 48% from 1Q 2023). Profit margin: 12% (down from 20% in 1Q 2023). 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 40% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 23
Upcoming dividend of RM0.03 per share at 4.4% yield Eligible shareholders must have bought the stock before 30 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of Malaysian dividend payers (5.0%). In line with average of industry peers (4.6%). Ankündigung • Sep 01
Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) completed the acquisition of 60% stake in Mewah Exim Sdn. Bhd. from Lim Miang Chiang,K.Purushothaman A/L Kunjamboo,Lee Sai Kiau and Lilah A/P Nanu. Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) entered into a conditional Share Sale and Purchase Agreement to acquire 60% stake in Mewah Exim Sdn. Bhd. from Lim Miang Chiang,K.Purushothaman A/L Kunjamboo,Lee Sai Kiau and Lilah A/P Nanu for MYR 9.5 million on May 31, 2023. Mewah Exim Sdn. Bhd will acquire 0.6 million shares of Mewah Exim Sdn. Bhd. Lim Miang Chiang and K.Purushothaman A/L Kunjamboo shall remain as shareholders in Mewah Exim, holding 24% and 16% respectively, of the entire issued share capital of Mewah Exim after the completion of the Proposed Acquisition. Transaction is subject to the completion of a legal due diligence review,the completion of a corporate restructuring exercise involving Mewah Exim Group, culminating in Mewah Exim becoming the holding company, and each of the Mewah Exim Group becoming the subsidiary of Mewah Exim, the resolution of the directors of Mewah Exim approving the declaration and distribution of dividends of not exceeding to the existing entitled shareholders of Mewah Exim, a letter or statement in writing from Hong Leong Islamic Bank Berhad consenting to each of the following to be undertaken by Mewah Exim,a letter or statement in writing from Hong Leong Islamic Bank Berhad consenting to each of the following changes arising from the disposal of the Sale Shares by the Vendors to SYSCORP and the approval of the board of directors of SYSCORP on the acquisition of the Sale Shares by SYSCORP at the consideration and upon the terms set out in the Share Sale and Purchase Agreement.Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) completed the acquisition of 60% stake in Mewah Exim Sdn. Bhd. from Lim Miang Chiang,K.Purushothaman A/L Kunjamboo,Lee Sai Kiau and Lilah A/P Nanu on August 30, 2023. Reported Earnings • Aug 31
Full year 2023 earnings released: EPS: RM0.16 (vs RM0.12 in FY 2022) Full year 2023 results: EPS: RM0.16 (up from RM0.12 in FY 2022). Revenue: RM944.1m (up 5.7% from FY 2022). Net income: RM185.1m (up 30% from FY 2022). Profit margin: 20% (up from 16% in FY 2022). Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth. Ankündigung • Jul 26
Shin Yang Group Berhad Appoints Teh Zi Qin as Chief Financial Officer Shin Yang Group Berhad announced appointment of Mr. Teh Zi Qin as chief financial officer. Date of change is 01 July 2023. Age: 37. Qualifications: Degree, Bachelor of Accounting (Hons); Professional Qualification, Member; Professional Qualification, Associate member; Professional Qualification, Associate member. Working experience and occupation: Mr. Teh possesses over 13 years of diverse industry experience, including roles as an internal audit consultant, in-house internal auditor, and external auditor. He is actively involved in internal control enhancement, business process improvement, compliance, and enterprise risk management with both public listed companies and private enterprises across various industries, such as logistics, manufacturing, plantation, trading, construction & development, retail, IT, medical services, financial services, and e-commerce. Before joining Shin Yang Group Berhad (formerly known as Shin Yang Shipping Corporation Berhad, he served as the head of the internal audit, risk management, and compliance function for a private company engaged in the manufacturing of leather goods. Ankündigung • Jun 01
Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) entered into a conditional Share Sale and Purchase Agreement to acquire 60% stake in Mewah Exim Sdn. Bhd. from Lim Miang Chiang,K.Purushothaman A/L Kunjamboo,Lee Sai Kiau and Lilah A/P Nanu for MYR 9.5 million Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) entered into a conditional Share Sale and Purchase Agreement to acquire 60% stake in Mewah Exim Sdn. Bhd. from Lim Miang Chiang,K.Purushothaman A/L Kunjamboo,Lee Sai Kiau and Lilah A/P Nanu for MYR 9.5 million on May 31, 2023. Mewah Exim Sdn. Bhd will acquire 0.6 million shares of Mewah Exim Sdn. Bhd. Lim Miang Chiang and K.Purushothaman A/L Kunjamboo shall remain as shareholders in Mewah Exim, holding 24% and 16% respectively, of the entire issued share capital of Mewah Exim after the completion of the Proposed Acquisition. Transaction is subject to the completion of a legal due diligence review,the completion of a corporate restructuring exercise involving Mewah Exim Group, culminating in Mewah Exim becoming the holding company, and each of the Mewah Exim Group becoming the subsidiary of Mewah Exim, the resolution of the directors of Mewah Exim approving the declaration and distribution of dividends of not exceeding to the existing entitled shareholders of Mewah Exim, a letter or statement in writing from Hong Leong Islamic Bank Berhad consenting to each of the following to be undertaken by Mewah Exim,a letter or statement in writing from Hong Leong Islamic Bank Berhad consenting to each of the following changes arising from the disposal of the Sale Shares by the Vendors to SYSCORP and the approval of the board of directors of SYSCORP on the acquisition of the Sale Shares by SYSCORP at the consideration and upon the terms set out in the Share Sale and Purchase Agreement. Reported Earnings • Jun 01
Third quarter 2023 earnings released: EPS: RM0.039 (vs RM0.026 in 3Q 2022) Third quarter 2023 results: EPS: RM0.039 (up from RM0.026 in 3Q 2022). Revenue: RM234.8m (up 12% from 3Q 2022). Net income: RM44.8m (up 50% from 3Q 2022). Profit margin: 19% (up from 14% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 25
Second quarter 2023 earnings released: EPS: RM0.033 (vs RM0.013 in 2Q 2022) Second quarter 2023 results: EPS: RM0.033 (up from RM0.013 in 2Q 2022). Revenue: RM234.4m (up 8.0% from 2Q 2022). Net income: RM37.9m (up 152% from 2Q 2022). Profit margin: 16% (up from 6.9% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 03
First quarter 2023 earnings released: EPS: RM0.044 (vs RM0.01 in 1Q 2022) First quarter 2023 results: EPS: RM0.044 (up from RM0.01 in 1Q 2022). Revenue: RM247.3m (up 37% from 1Q 2022). Net income: RM50.3m (up 322% from 1Q 2022). Profit margin: 20% (up from 6.6% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 04
Full year 2022 earnings released: EPS: RM0.12 (vs RM0.015 in FY 2021) Full year 2022 results: EPS: RM0.12 (up from RM0.015 in FY 2021). Revenue: RM893.5m (up 49% from FY 2021). Net income: RM141.9m (up RM124.9m from FY 2021). Profit margin: 16% (up from 2.8% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 64% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 30
Full year 2022 earnings released: EPS: RM0.12 (vs RM0.015 in FY 2021) Full year 2022 results: EPS: RM0.12 (up from RM0.015 in FY 2021). Revenue: RM897.7m (up 49% from FY 2021). Net income: RM141.8m (up RM124.7m from FY 2021). Profit margin: 16% (up from 2.8% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Ankündigung • Jul 07
Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) completed the acquisition of Piasau Gas Sdn Bhd from Shin Yang Corporation Sdn Bhd, Geo Sepadu Sdn Bhd and others. Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) entered into a conditional Share Sale and Purchase Agreement to acquire Piasau Gas Sdn Bhd from Shin Yang Corporation Sdn Bhd, Geo Sepadu Sdn Bhd and others for MYR 23 million. Shin Yang Corporation Sdn Bhd agreed to sell 59.6696% and Geo Sepadu Sdn Bhd (“GSSB”) agreed 30%, Pui Voon Poh 5%, Hong Ken Choon 3%, Ling Chiong Sing 2.1% Tan Sri Datuk Ling Chiong Ho 1.6%. Being equivalent to 10% of the Purchase Consideration (“Deposit”), upon the execution of the SSPA and payment of MYR 20.5 million, being equivalent to remaining 90% of the Purchase Consideration within 3 months from the fulfilment of all conditions precedent of the Completion Period. The purchase consideration will be settled by Shin Yang Shipping Corporation in cash via internally generated funds. As at December 31, 2021, Piasau Gas Sdn Bhd reported net assets of MYR 22.8 million. The Proposed Acquisition is subject to the following approvals of the non-interested shareholders of SYSCORP, for the Proposed Acquisition at the forthcoming Extraordinary General Meeting and subject to the the completion of a legal due diligence review to be conducted on the affairs of Piasau Gas to the satisfaction of SYSCORP. EGM to approve the Proposed Acquisition in second quarter of 2022, and Transaction is expected to complete in the third quarter of 2022. Kenanga Investment Bank Berhad acted as fairness opinion provider for Shin Yang Shipping Corporation.
Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) completed the acquisition of Piasau Gas Sdn Bhd from Shin Yang Corporation Sdn Bhd, Geo Sepadu Sdn Bhd and others on July 6, 2022. Reported Earnings • May 31
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: RM0.026 (up from RM0.003 in 3Q 2021). Revenue: RM210.2m (up 37% from 3Q 2021). Net income: RM30.0m (up RM26.0m from 3Q 2021). Profit margin: 14% (up from 2.6% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 26%. Earnings per share (EPS) also missed analyst estimates by 50%. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Ankündigung • May 28
Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) completed the acquisition of a 50.5% stake in Melinau Container Services Sdn. Bhd. from Shin Yang Holding Sdn Bhd and Azman Bin Sulaiman. Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) entered into a conditional agreement to acquire a 50.5% stake in Melinau Container Services Sdn. Bhd. from Shin Yang Holding Sdn Bhd and Azman Bin Sulaiman on February 22, 2022. Melinau Container Services Sdn. Bhd. board approves the deal.
Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) completed the acquisition of a 50.5% stake in Melinau Container Services Sdn. Bhd. from Shin Yang Holding Sdn Bhd and Azman Bin Sulaiman on May 27, 2022. Ankündigung • May 08
Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) completed the acquisition of Kuching Barrage Management Sdn Bhd from Kong Lee Luang, Azman Bin Sulaiman, and Shin Yang Enterprise Sdn Bhd. Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) entered into a conditional Share Sale and Purchase Agreement to acquire Kuching Barrage Management Sdn Bhd from Kong Lee Luang, Azman Bin Sulaiman, and Shin Yang Enterprise Sdn Bhd for MYR 0.6 million on February 22, 2022. In a related consideration, Shin Yang Shipping Corporation Berhad agreed to acquire 50.50% stake in Melinau Container Services Sdn. Bhd. for MYR 8.80 million. The Consideration will be satisfied in cash via internally generated funds in SYSCORP Group. For the period ended December 31, 2021, Kuching Barrage Management Sdn Bhd reported revenues of MYR 4.43 million, Net income of MYR 0.23 million, and Total common equity of MYR 1.075 million. The transaction is subject to due diligence consummation, and certain conditions precedent. The Proposed Acquisitions are expected to be completed by the second quarter of 2022.
Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) completed the acquisition of Kuching Barrage Management Sdn Bhd from Kong Lee Luang, Azman Bin Sulaiman, and Shin Yang Enterprise Sdn Bhd on May 6, 2022. Reported Earnings • Mar 02
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: RM0.013 (up from RM0.003 in 2Q 2021). Revenue: RM217.1m (up 38% from 2Q 2021). Net income: RM15.1m (up 327% from 2Q 2021). Profit margin: 6.9% (up from 2.2% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 26%. Earnings per share (EPS) also missed analyst estimates by 50%. 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 5% per year, which means it is significantly lagging earnings growth. Ankündigung • Mar 01
Shin Yang Shipping Corporation Berhad Announces Redesignation of Tan Sri Datuk Ling Chiong Ho from Non-Executive Chairman to Group Executive Chairman Shin Yang Shipping Corporation Berhad announced the redesignation of Tan Sri Datuk Ling Chiong Ho from Non-Executive Chairmanto Group Executive Chairman, effective February 28, 2022. Tan Sri Datuk Ling was appointed as Non-Independent Non-Executive Chairman of SYSCORP in 2010 and since then, Tan Sri Datuk Ling has been involved to oversee the development and growth of the Group. Tan Sri Datuk Ling is the founder and Group Executive Chairman of the well diversified Shin Yang Group of Companies. Ankündigung • Feb 26
Shin Yang Shipping Corporation Berhad Appoints Datuk Ling Lu Kiong as Executive Vice Chairman Shin Yang Shipping Corporation Berhad appointed DATUK LING LU KIONG as Executive Vice Chairman. Date of change 25 February 2022. Ankündigung • Feb 24
Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) entered into a conditional Share Sale and Purchase Agreement to acquire Kuching Barrage Management Sdn Bhd from Kong Lee Luang, Azman Bin Sulaiman, and Shin Yang Enterprise Sdn Bhd for MYR 0.6 million. Shin Yang Shipping Corporation Berhad (KLSE:SYSCORP) entered into a conditional Share Sale and Purchase Agreement to acquire Kuching Barrage Management Sdn Bhd from Kong Lee Luang, Azman Bin Sulaiman, and Shin Yang Enterprise Sdn Bhd for MYR 0.6 million on February 22, 2022. In a related consideration, Shin Yang Shipping Corporation Berhad agreed to acquire 50.50% stake in Melinau Container Services Sdn. Bhd. for MYR 8.80 million. The Consideration will be satisfied in cash via internally generated funds in SYSCORP Group. For the period ended December 31, 2021, Kuching Barrage Management Sdn Bhd reported revenues of MYR 4.43 million, Net income of MYR 0.23 million, and Total common equity of MYR 1.075 million. The transaction is subject to due diligence consummation, and certain conditions precedent. The Proposed Acquisitions are expected to be completed by the second quarter of 2022. Reported Earnings • Nov 30
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: RM0.01 (up from RM0.003 in 1Q 2021). Revenue: RM181.0m (up 31% from 1Q 2021). Net income: RM11.9m (up 303% from 1Q 2021). Profit margin: 6.6% (up from 2.1% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 26%. Earnings per share (EPS) also missed analyst estimates by 50%. Earnings per share (EPS) missed analyst estimates by 50%. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Nov 30
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: RM0.01 (up from RM0.003 in 1Q 2021). Revenue: RM181.0m (up 31% from 1Q 2021). Net income: RM11.9m (up 303% from 1Q 2021). Profit margin: 6.6% (up from 2.1% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 26%. Earnings per share (EPS) also missed analyst estimates by 50%. Earnings per share (EPS) missed analyst estimates by 50%. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Sep 01
Full year 2021 earnings released: EPS RM0.014 (vs RM0.13 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: RM610.9m (up 2.4% from FY 2020). Net income: RM16.6m (up RM162.8m from FY 2020). Profit margin: 2.7% (up from net loss in FY 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • May 30
Third quarter 2021 earnings released The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: RM153.2m (down 1.3% from 3Q 2020). Net income: RM3.97m (up RM87.2m from 3Q 2020). Profit margin: 2.6% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance.