Anuncio • Apr 29
PMB Technology Berhad, Annual General Meeting, Jun 19, 2026 PMB Technology Berhad, Annual General Meeting, Jun 19, 2026, at 15:00 Singapore Standard Time. Location: room tunku abdul rahman, the royal commonwealth society of malaysia, no. 4, jalan birah, damansara heights, 50490 kuala lumpur, wilayah persekutuan kuala lumpur, Malaysia New Risk • Apr 15
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: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Earnings have declined by 19% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). Reported Earnings • Feb 26
Full year 2025 earnings released: RM0.007 loss per share (vs RM0.035 profit in FY 2024) Full year 2025 results: RM0.007 loss per share (down from RM0.035 profit in FY 2024). Revenue: RM867.0m (down 3.9% from FY 2024). Net loss: RM12.8m (down 122% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to RM1.46, the stock trades at a trailing P/E ratio of 53.8x. Average trailing P/E is 17x in the Metals and Mining industry in Malaysia. Total loss to shareholders of 64% over the past three years. Reported Earnings • Nov 28
Third quarter 2025 earnings released: EPS: RM0.001 (vs RM0.005 in 3Q 2024) Third quarter 2025 results: EPS: RM0.001 (down from RM0.005 in 3Q 2024). Revenue: RM235.7m (up 12% from 3Q 2024). Net income: RM886.0k (down 89% from 3Q 2024). Profit margin: 0.4% (down from 3.8% 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 60% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: RM0.001 (vs RM0.002 in 2Q 2024) Second quarter 2025 results: EPS: RM0.001 (down from RM0.002 in 2Q 2024). Revenue: RM191.8m (down 24% from 2Q 2024). Net income: RM2.03m (down 47% from 2Q 2024). Profit margin: 1.1% (down from 1.5% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. New Risk • Aug 30
New major risk - Revenue and earnings growth Earnings have declined by 1.5% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 1.5% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding). Reported Earnings • May 04
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: RM0.035 (up from RM0.032 in FY 2023). Revenue: RM902.4m (down 8.8% from FY 2023). Net income: RM58.1m (up 30% from FY 2023). Profit margin: 6.4% (up from 4.5% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 24%. Earnings per share (EPS) exceeded analyst estimates by 120%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Anuncio • Apr 28
PMB Technology Berhad, Annual General Meeting, Jun 26, 2025 PMB Technology Berhad, Annual General Meeting, Jun 26, 2025, at 15:00 Singapore Standard Time. Location: room tunku abdul rahman, the royal commonwealth society of malaysia, no. 4, jalan birah, damansara heights, 50490 kuala lumpur, Malaysia Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to RM1.22, the stock trades at a forward P/E ratio of 61x. Average forward P/E is 12x in the Metals and Mining industry in Malaysia. Total loss to shareholders of 65% over the past three years. New Risk • Feb 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 291% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Earnings are forecast to decline by an average of 35% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (17% increase in shares outstanding). Reported Earnings • Feb 21
Full year 2024 earnings released: EPS: RM0.037 (vs RM0.032 in FY 2023) Full year 2024 results: EPS: RM0.037 (up from RM0.032 in FY 2023). Revenue: RM902.4m (down 8.8% from FY 2023). Net income: RM61.1m (up 37% from FY 2023). Profit margin: 6.8% (up from 4.5% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Metals and Mining industry in Malaysia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 29
Third quarter 2024 earnings released: EPS: RM0.005 (vs RM0.001 in 3Q 2023) Third quarter 2024 results: EPS: RM0.005 (up from RM0.001 in 3Q 2023). Revenue: RM209.8m (down 29% from 3Q 2023). Net income: RM7.89m (up 381% from 3Q 2023). Profit margin: 3.8% (up from 0.6% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Metals and Mining industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. New Risk • Nov 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.8% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.9% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to RM1.66, the stock trades at a forward P/E ratio of 90x. Average forward P/E is 11x in the Metals and Mining industry in Malaysia. Total loss to shareholders of 29% over the past three years. New Risk • Sep 25
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 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.8% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.9% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: RM0.002 (vs RM0.002 in 2Q 2023) Second quarter 2024 results: EPS: RM0.002 (in line with 2Q 2023). Revenue: RM253.4m (up 13% from 2Q 2023). Net income: RM3.84m (up 82% from 2Q 2023). Profit margin: 1.5% (up from 0.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Metals and Mining 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 increased by 18% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to RM1.71, the stock trades at a forward P/E ratio of 96x. Average forward P/E is 11x in the Metals and Mining industry in Malaysia. Total returns to shareholders of 59% over the past three years. Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: RM0.001 (vs RM0.008 in 1Q 2023) First quarter 2024 results: EPS: RM0.001 (down from RM0.008 in 1Q 2023). Revenue: RM264.3m (down 3.9% from 1Q 2023). Net income: RM1.18m (down 88% from 1Q 2023). Profit margin: 0.4% (down from 3.5% in 1Q 2023). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Metals and Mining 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 increased by 31% per year, which means it is well ahead of earnings. New Risk • Jun 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 9.8% 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 Risks Debt is not well covered by operating cash flow (2.8% operating cash flow to total debt). Earnings are forecast to decline by an average of 9.8% per year for the foreseeable future. High level of non-cash earnings (26% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (4.5% net profit margin). Shareholders have been diluted in the past year (28% increase in shares outstanding). Anuncio • Apr 28
PMB Technology Berhad, Annual General Meeting, Jun 25, 2024 PMB Technology Berhad, Annual General Meeting, Jun 25, 2024, at 10:30 Singapore Standard Time. Location: Room Tunku Abdul Rahman, The Royal Commonwealth Society of Malaysia, No. 4, Jalan Birah, Damansara Heights, Kuala Lumpur Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31 December 2023 together with the Reports of the Directors and Auditors thereon; to approve the payment of Directors' fees and benefits to the Independent Non-Executive Directors of up to an aggregate amount of RM500,000 for the financial year ending 31 December 2024; to re-elect the Directors; to re-appoint Messrs KPMG PLT as Auditors of the Company and to authorise the Directors to fix their remuneration; and to consider other matters. Reported Earnings • Feb 27
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: RM0.032 (down from RM0.094 in FY 2022). Revenue: RM989.6m (down 16% from FY 2022). Net income: RM45.2m (down 59% from FY 2022). Profit margin: 4.6% (down from 9.3% in FY 2022). Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates by 113%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Metals and Mining industry in Malaysia. 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 37% per year, which means it is well ahead of earnings. Reported Earnings • Nov 25
Third quarter 2023 earnings released: EPS: RM0.001 (vs RM0.016 in 3Q 2022) Third quarter 2023 results: EPS: RM0.001 (down from RM0.016 in 3Q 2022). Revenue: RM296.7m (down 5.2% from 3Q 2022). Net income: RM1.64m (down 91% from 3Q 2022). Profit margin: 0.6% (down from 5.8% in 3Q 2022). Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Metals and Mining industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • Nov 25
Pmb Technology Berhad Appoints Mr. Koon Poh Ming as Executive Member of Risk Committee PMB Technology Berhad appointed Mr. Koon Poh Ming as Executive Member of Risk Committee, effective November 24, 2023. Composition of Risk Committee is Chairperson is Dato' Kong Sooi Lin (Independent Non-Executive Director) and Members are Mr. Peter Ho Kok Wai (Independent Non-Executive Director); Puan Noor Alina Binti Mohamad Faiz (Independent Non-Executive Director); and Mr. Koon Poh Ming (Chief Executive Officer/Executive Director). Major Estimate Revision • Aug 30
Consensus revenue estimates fall by 27% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from RM1.57b to RM1.15b. EPS estimate fell from RM0.214 to RM0.024 per share. Net income forecast to grow 362% next year vs 101% growth forecast for Metals and Mining industry in Malaysia. Consensus price target down from RM3.63 to RM1.11. Share price fell 4.7% to RM3.61 over the past week. New Risk • Aug 29
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 Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risks Profit margins are more than 30% lower than last year (3.2% net profit margin). Shareholders have been diluted in the past year (30% increase in shares outstanding). Price Target Changed • Aug 29
Price target decreased by 67% to RM1.11 Down from RM3.41, the current price target is provided by 1 analyst. New target price is 70% below last closing price of RM3.69. Stock is up 3.1% over the past year. The company is forecast to post earnings per share of RM0.024 for next year compared to RM0.094 last year. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: RM0.002 (vs RM0.032 in 2Q 2022) Second quarter 2023 results: EPS: RM0.002 (down from RM0.032 in 2Q 2022). Revenue: RM223.9m (down 14% from 2Q 2022). Net income: RM2.11m (down 94% from 2Q 2022). Profit margin: 0.9% (down from 14% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Metals and Mining industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 90% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • Aug 20
Pmb Technology Berhad Appoints Dato' Kong Sooi Lin as Member of Audit Committee PMB Technology Berhad appoints Dato' Kong Sooi Lin, aged 62, as Independent and Non Executive Member of Audit Committee. Date of change 18 Aug. 2023. Composition of Audit Committee (Name and Directorate of members after change): Chairman: Mr. Peter Ho Kok Wai (Independent Non-Executive Director); Members: Dato' Kong Sooi Lin (Independent Non-Executive Director); Puan Noor Alina Binti Mohamad Faiz (Independent Non-Executive Director). Anuncio • Aug 19
Pmb Technology Berhad Appoints Peter Ho Kok Wai as Chairman of Audit Committee PMB Technology Berhad appoints Peter Ho Kok Wai, 63, as Independent and Non Executive Chairman of Audit Committee. Date of change 18 Aug. 2023. Composition of Audit Committee (Name and Directorate of members after change) - i. Mr. Peter Ho Kok Wai (Independent Non-Executive Director) . Members:- i. Dato' Kong Sooi Lin (Independent Non-Executive Director). ii. Puan Noor Alina Binti Mohamad Faiz (Independent Non-Executive Director). Reported Earnings • Jun 01
First quarter 2023 earnings released: EPS: RM0.008 (vs RM0.051 in 1Q 2022) First quarter 2023 results: EPS: RM0.008 (down from RM0.051 in 1Q 2022). Revenue: RM274.9m (down 9.0% from 1Q 2022). Net income: RM9.74m (down 82% from 1Q 2022). Profit margin: 3.5% (down from 18% in 1Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Metals and Mining industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has increased by 85% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • May 31
Price target decreased by 17% to RM3.41 Down from RM4.11, the current price target is provided by 1 analyst. New target price is 8.1% below last closing price of RM3.71. Stock is up 17% over the past year. The company posted earnings per share of RM0.094 last year. Reported Earnings • Feb 28
Full year 2022 earnings released: EPS: RM0.10 (vs RM0.15 in FY 2021) Full year 2022 results: EPS: RM0.10 (down from RM0.15 in FY 2021). Revenue: RM1.18b (up 30% from FY 2021). Net income: RM118.2m (down 23% from FY 2021). Profit margin: 10.0% (down from 17% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Metals and Mining industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Dec 03
Third quarter 2022 earnings released: EPS: RM0.016 (vs RM0.026 in 3Q 2021) Third quarter 2022 results: EPS: RM0.016 (down from RM0.026 in 3Q 2021). Revenue: RM312.8m (up 54% from 3Q 2021). Net income: RM18.1m (down 34% from 3Q 2021). Profit margin: 5.8% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Metals and Mining industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 86% per year, which means it is significantly lagging earnings growth. 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. 2 experienced directors. 6 highly experienced directors. Independent & Non Executive Director Noor Binti Mohamad Faiz was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: RM0.032 (vs RM0.011 in 2Q 2021) Second quarter 2022 results: EPS: RM0.032 (up from RM0.011 in 2Q 2021). Revenue: RM260.2m (up 46% from 2Q 2021). Net income: RM35.2m (up 204% from 2Q 2021). Profit margin: 14% (up from 6.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 77% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improved over the past week After last week's 18% share price gain to RM3.15, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 6x in the Metals and Mining industry in Malaysia. Total returns to shareholders of 382% over the past three years. Reported Earnings • May 29
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: RM0.26 (up from RM0.006 in 1Q 2021). Revenue: RM302.0m (up 87% from 1Q 2021). Net income: RM54.9m (up RM48.2m from 1Q 2021). Profit margin: 18% (up from 4.1% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 33%. Earnings per share (EPS) also missed analyst estimates by 9.8%. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 74% 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. 6 highly experienced directors. Independent & Non Executive Director Noor Binti Mohamad Faiz was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 14
Upcoming dividend of RM0.05 per share Eligible shareholders must have bought the stock before 21 March 2022. Payment date: 05 April 2022. Payout ratio is a comfortable 6.8% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Malaysian dividend payers (4.7%). Lower than average of industry peers (1.0%). Reported Earnings • Feb 27
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: RM0.73 (up from RM0.11 in FY 2020). Revenue: RM913.2m (up 51% from FY 2020). Net income: RM152.8m (up RM130.1m from FY 2020). Profit margin: 17% (up from 3.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 33%. Earnings per share (EPS) also missed analyst estimates by 9.8%. 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 85% per year, which means it is significantly lagging earnings growth. Anuncio • Feb 25
PMB Technology Berhad Announces First Interim Dividend for the Financial Year Ended 31 December 2021, Payable 05 April 2022 PMB Technology Berhad announced First interim single tier dividend of 5 sen per share for the financial year ended 31 December 2021. Ex-Date is 21 March 2022, Entitlement date is 22 March 2022 and Payment Date is 05 April 2022. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improved over the past week After last week's 19% share price gain to RM17.40, the stock trades at a trailing P/E ratio of 65.6x. Average trailing P/E is 7x in the Metals and Mining industry in Malaysia. Total returns to shareholders of 453% over the past three years. Reported Earnings • Nov 26
Third quarter 2021 earnings: EPS and revenues miss analyst expectations Third quarter 2021 results: EPS: RM0.13 (up from RM0.04 in 3Q 2020). Revenue: RM202.7m (up 36% from 3Q 2020). Net income: RM27.3m (up 236% from 3Q 2020). Profit margin: 14% (up from 5.5% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 33%. Earnings per share (EPS) also missed analyst estimates by 9.8%. Earnings per share (EPS) missed analyst estimates by 9.8%. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment improved over the past week After last week's 66% share price gain to RM11.86, the stock trades at a trailing P/E ratio of 65.6x. Average trailing P/E is 9x in the Metals and Mining industry in Malaysia. Total returns to shareholders of 264% over the past three years. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 17% share price gain to RM6.93, the stock trades at a trailing P/E ratio of 38.3x. Average trailing P/E is 9x in the Metals and Mining industry in Malaysia. Total returns to shareholders of 113% over the past three years. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS RM0.056 (vs RM0.007 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RM178.3m (up 110% from 2Q 2020). Net income: RM11.6m (up RM10.2m from 2Q 2020). Profit margin: 6.5% (up from 1.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.