Annonce • Apr 29
Muda Holdings Berhad, Annual General Meeting, Jun 25, 2026 Muda Holdings Berhad, Annual General Meeting, Jun 25, 2026, at 10:30 Singapore Standard Time. Location: sheraton 6-7, level 3c, sheraton petaling jaya hotel, lorong utara c, pjs 52, 46200 petaling jaya, selangor darul ehsan, 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 Debt is not well covered by operating cash flow (9.9% operating cash flow to total debt). Earnings have declined by 69% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Market cap is less than US$100m (RM250.1m market cap, or US$63.2m). Reported Earnings • Mar 02
Full year 2025 earnings released: RM0.16 loss per share (vs RM0.17 loss in FY 2024) Full year 2025 results: RM0.16 loss per share (improved from RM0.17 loss in FY 2024). Revenue: RM1.43b (down 1.4% from FY 2024). Net loss: RM48.5m (loss narrowed 4.0% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Board Change • Feb 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Non Executive Director Hazli Bin Ibrahim was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 23
Third quarter 2025 earnings released: RM0.043 loss per share (vs RM0.076 loss in 3Q 2024) Third quarter 2025 results: RM0.043 loss per share (improved from RM0.076 loss in 3Q 2024). Revenue: RM323.1m (down 15% from 3Q 2024). Net loss: RM13.1m (loss narrowed 44% from 3Q 2024). 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 24% per year, which means it has not declined as severely as earnings. Annonce • Nov 22
Muda Holdings Berhad Reports Property, Plant and Equipment Written Off for the Third Quarter Ended September 30, 2025 Muda Holdings Berhad reported Property, plant and equipment written off for the third quarter ended September 30, 2025. For the quarter, the company reported Property, plant and equipment written off of MYR 15,000 against MYR 11,000 reported a year ago. 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 7.4% 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 (11% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 65% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (RM274.5m market cap, or US$65.1m). Reported Earnings • Aug 27
Second quarter 2025 earnings released: RM0.055 loss per share (vs RM0.017 loss in 2Q 2024) Second quarter 2025 results: RM0.055 loss per share (further deteriorated from RM0.017 loss in 2Q 2024). Revenue: RM324.1m (down 2.3% from 2Q 2024). Net loss: RM16.7m (loss widened 225% from 2Q 2024). 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 • Jul 04
New minor risk - Dividend sustainability The dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 2.2% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings have declined by 60% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (RM279.1m market cap, or US$66.1m). Annonce • Jun 25
Muda Holdings Berhad Approves Single Tier Final Dividend for the Financial Year Ended 31 December 2024 Muda Holdings Berhad at its AGM held on June 25, 2025, approved the payment of a single tier final dividend of 2.0 sen per ordinary share in respect of the financial year ended 31 December 2024. Upcoming Dividend • Jun 19
Upcoming dividend of RM0.02 per share Eligible shareholders must have bought the stock before 26 June 2025. Payment date: 23 July 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Malaysian dividend payers (5.6%). Lower than average of industry peers (3.9%). Reported Earnings • May 29
First quarter 2025 earnings released: RM0.058 loss per share (vs RM0.003 profit in 1Q 2024) First quarter 2025 results: RM0.058 loss per share (down from RM0.003 profit in 1Q 2024). Revenue: RM351.9m (down 2.3% from 1Q 2024). Net loss: RM17.8m (down RM18.8m from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Declared Dividend • May 01
Dividend reduced to RM0.02 Dividend of RM0.02 is 33% lower than last year. Ex-date: 26th June 2025 Payment date: 23rd July 2025 Dividend yield will be 2.0%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (34% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Annonce • Apr 30
Muda Holdings Berhad announces Annual dividend, payable on July 23, 2025 Muda Holdings Berhad announced Annual dividend of MYR 0.0200 per share payable on July 23, 2025, ex-date on June 26, 2025 and record date on June 30, 2025. Annonce • Apr 29
Muda Holdings Berhad, Annual General Meeting, Jun 25, 2025 Muda Holdings Berhad, Annual General Meeting, Jun 25, 2025, at 10:00 Singapore Standard Time. Location: ballroom 1, level 3d, sheraton petaling jaya hotel, lorong utara c, pjs 52, 46200 petaling jaya, selangor darul ehsan, Malaysia Reported Earnings • Feb 27
Full year 2024 earnings released: RM0.17 loss per share (vs RM0.10 loss in FY 2023) Full year 2024 results: RM0.17 loss per share (further deteriorated from RM0.10 loss in FY 2023). Revenue: RM1.45b (down 3.4% from FY 2023). Net loss: RM50.5m (loss widened 64% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 15
Second quarter 2024 earnings released: RM0.017 loss per share (vs RM0.042 loss in 2Q 2023) Second quarter 2024 results: RM0.017 loss per share (improved from RM0.042 loss in 2Q 2023). Revenue: RM331.7m (down 4.3% from 2Q 2023). Net loss: RM5.13m (loss narrowed 60% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jun 21
Upcoming dividend of RM0.03 per share Eligible shareholders must have bought the stock before 28 June 2024. Payment date: 24 July 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Malaysian dividend payers (4.6%). Lower than average of industry peers (2.5%). Reported Earnings • May 28
First quarter 2024 earnings released: EPS: RM0.003 (vs RM0.057 loss in 1Q 2023) First quarter 2024 results: EPS: RM0.003 (up from RM0.057 loss in 1Q 2023). Revenue: RM360.3m (down 5.0% from 1Q 2023). Net income: RM956.0k (up RM18.5m from 1Q 2023). Profit margin: 0.3% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Declared Dividend • May 01
Dividend of RM0.03 announced Shareholders will receive a dividend of RM0.03. Ex-date: 28th June 2024 Payment date: 24th July 2024 Dividend yield will be 2.1%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (22% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Annonce • Apr 30
Muda Holdings Berhad, Annual General Meeting, Jun 27, 2024 Muda Holdings Berhad, Annual General Meeting, Jun 27, 2024, at 11:00 Singapore Standard Time. Agenda: To receive the Audited Financial Statements for the financial year ended 31 December 2023 and the Reports of the Directors and Auditors' thereon; to consider approve the payment of a single tier final dividend of 3.0 sen per ordinary shares in respect of the financial year ended 31 December 2023; to consider and re-elect Dato' Azaman Bin Abu Bakar as Director in accordance with Article 81 of the Company's Constitution; and to transact such other business matters. Reported Earnings • Feb 29
Full year 2023 earnings released: RM0.10 loss per share (vs RM0.036 loss in FY 2022) Full year 2023 results: RM0.10 loss per share (further deteriorated from RM0.036 loss in FY 2022). Revenue: RM1.51b (down 15% from FY 2022). Net loss: RM30.8m (loss widened 183% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Annonce • Jan 15
Muda Holdings Berhad Announces Resignation of Lam Yoke Teng as Joint Secretary Muda Holdings Berhad announced resignation Of Lam Yoke Teng as Joint Secretary. Date Of Change is 15 January 2024. Annonce • Nov 23
Muda Holdings Berhad Reports Write Offs Results for the Quarter Ended September 30, 2023 Muda Holdings Berhad reported write offs results for the quarter ended September 30, 2023. For the quarter, the company reported Property, plant and equipment written off of MYR 598,000. Reported Earnings • Nov 23
Third quarter 2023 earnings released: RM0.022 loss per share (vs RM0.005 profit in 3Q 2022) Third quarter 2023 results: RM0.022 loss per share (down from RM0.005 profit in 3Q 2022). Revenue: RM341.5m (down 19% from 3Q 2022). Net loss: RM6.62m (down 498% from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 23
Second quarter 2023 earnings released: RM0.042 loss per share (vs RM0.027 loss in 2Q 2022) Second quarter 2023 results: RM0.042 loss per share (further deteriorated from RM0.027 loss in 2Q 2022). Revenue: RM346.4m (down 21% from 2Q 2022). Net loss: RM12.7m (loss widened 54% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jun 21
Upcoming dividend of RM0.04 per share at 2.6% yield Eligible shareholders must have bought the stock before 28 June 2023. Payment date: 26 July 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Malaysian dividend payers (5.4%). Lower than average of industry peers (3.4%). Reported Earnings • May 25
First quarter 2023 earnings released: RM0.057 loss per share (vs RM0.04 profit in 1Q 2022) First quarter 2023 results: RM0.057 loss per share (down from RM0.04 profit in 1Q 2022). Revenue: RM379.4m (down 19% from 1Q 2022). Net loss: RM17.5m (down 243% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Mar 01
Full year 2022 earnings released: RM0.035 loss per share (vs RM0.26 profit in FY 2021) Full year 2022 results: RM0.035 loss per share (down from RM0.26 profit in FY 2021). Revenue: RM1.77b (up 1.6% from FY 2021). Net loss: RM10.8m (down 114% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Board Change • Feb 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Director Tian Tan was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 24
Third quarter 2022 earnings released: EPS: RM0.006 (vs RM0.005 in 3Q 2021) Third quarter 2022 results: EPS: RM0.006 (up from RM0.005 in 3Q 2021). Revenue: RM419.5m (up 14% from 3Q 2021). Net income: RM1.67m (up 5.0% from 3Q 2021). Profit margin: 0.4% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year. Annonce • Aug 25
Muda Holdings Berhad Announces Property, Plant and Equipment Written Off for the Second Quarter Ended June 30, 2022 Muda Holdings Berhad announced property, plant and equipment written off for the second quarter ended June 30, 2022. For the quarter, the company reported property, plant and equipment written off of MYR 4,508,000 against MYR 95,000 a year ago. Reported Earnings • Aug 25
Second quarter 2022 earnings released: RM0.027 loss per share (vs RM0.08 profit in 2Q 2021) Second quarter 2022 results: RM0.027 loss per share (down from RM0.08 profit in 2Q 2021). Revenue: RM436.6m (up 9.2% from 2Q 2021). Net loss: RM8.25m (down 134% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 6% per year and the company’s share price has also increased by 6% per year. Upcoming Dividend • Jun 22
Upcoming dividend of RM0.05 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 28% but the company is paying out more than the cash it is generating. Trailing yield: 2.6%. Lower than top quartile of Malaysian dividend payers (4.9%). Lower than average of industry peers (3.0%). Reported Earnings • May 25
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: RM0.04 (down from RM0.12 in 1Q 2021). Revenue: RM465.5m (up 12% from 1Q 2021). Net income: RM12.3m (down 65% from 1Q 2021). Profit margin: 2.6% (down from 8.5% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 40%. Earnings per share (EPS) also surpassed analyst estimates by 34%. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 27
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: RM0.26 (down from RM0.29 in FY 2020). Revenue: RM1.74b (up 22% from FY 2020). Net income: RM77.9m (down 14% from FY 2020). Profit margin: 4.5% (down from 6.3% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 40%. Earnings per share (EPS) also surpassed analyst estimates by 34%. 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 12% per year, which means it is significantly lagging earnings growth. Annonce • Feb 25
Muda Holdings Berhad Recommends First and Final Single Tier Dividend for the Year Ended 31 December 2021 The board of Muda Holdings Berhad recommended a first and final single tier dividend of 5.0 sen per share for the year ended 31 December 2021. Reported Earnings • Nov 21
Third quarter 2021 earnings released: EPS RM0.005 (vs RM0.082 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: RM366.2m (up 3.5% from 3Q 2020). Net income: RM1.59m (down 94% from 3Q 2020). Profit margin: 0.4% (down from 7.1% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 9% per year. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS RM0.08 (vs RM0.034 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RM399.8m (up 47% from 2Q 2020). Net income: RM24.3m (up 132% from 2Q 2020). Profit margin: 6.1% (up from 3.8% 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 11% per year whereas the company’s share price has increased by 14% per year. Executive Departure • Aug 05
Chief Financial Officer Sheng-Taur Wong has left the company On the 30th of July, Sheng-Taur Wong's tenure as Chief Financial Officer ended after 2.7 years in the role. We don't have any record of a personal shareholding under Sheng-Taur's name. Sheng-Taur is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 4.50 years. Upcoming Dividend • Jun 22
Upcoming dividend of RM0.05 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 21 July 2021. Trailing yield: 1.8%. Lower than top quartile of Malaysian dividend payers (3.9%). In line with average of industry peers (1.7%). Reported Earnings • May 27
First quarter 2021 earnings released: EPS RM0.12 (vs RM0.057 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: RM415.0m (up 22% from 1Q 2020). Net income: RM35.4m (up 103% from 1Q 2020). Profit margin: 8.5% (up from 5.2% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 03
Full year 2020 earnings released: EPS RM0.29 (vs RM0.13 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: RM1.43b (down 6.1% from FY 2019). Net income: RM90.0m (up 129% from FY 2019). Profit margin: 6.3% (up from 2.6% in FY 2019). The increase in margin was driven by lower 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 9% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorated over the past week After last week's 20% share price decline to RM2.95, the stock is trading at a trailing P/E ratio of 10x, down from the previous P/E ratio of 12.6x. This compares to an average P/E of 15x in the Packaging industry in Malaysia. Total returns to shareholders over the past three years are 39%. Reported Earnings • Feb 26
Full year 2020 earnings released: EPS RM0.29 (vs RM0.13 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: RM1.43b (down 6.1% from FY 2019). Net income: RM90.0m (up 129% from FY 2019). Profit margin: 6.3% (up from 2.6% in FY 2019). The increase in margin was driven by lower 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 21% per year, which means it is well ahead of earnings. Annonce • Feb 20
Muda Holdings Berhad (KLSE:MUDA) agreed to acquire South East Asia Paper Products Sdn. Bhd. for MYR 22.5 million. Muda Holdings Berhad (KLSE:MUDA) agreed to acquire South East Asia Paper Products Sdn. Bhd. for MYR 22.5 million on February 19, 2021. Is New 90 Day High Low • Feb 15
New 90-day high: RM3.52 The company is up 101% from its price of RM1.75 on 17 November 2020. The Malaysian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 11% over the same period. Is New 90 Day High Low • Jan 27
New 90-day high: RM3.43 The company is up 104% from its price of RM1.68 on 28 October 2020. The Malaysian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 2.0% over the same period. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improved over the past week After last week's 19% share price gain to RM3.32, the stock is trading at a trailing P/E ratio of 16.7x, up from the previous P/E ratio of 14.1x. This compares to an average P/E of 16x in the Packaging industry in Malaysia. Total returns to shareholders over the past three years are 173%. Is New 90 Day High Low • Jan 06
New 90-day high: RM2.84 The company is up 68% from its price of RM1.69 on 08 October 2020. The Malaysian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 13% over the same period. Valuation Update With 7 Day Price Move • Dec 04
Market bids up stock over the past week After last week's 17% share price gain to RM2.28, the stock is trading at a trailing P/E ratio of 11.5x, up from the previous P/E ratio of 9.8x. This compares to an average P/E of 18x in the Packaging industry in Malaysia. Total returns to shareholders over the past three years are 85%. Reported Earnings • Nov 27
Third quarter 2020 earnings released: EPS RM0.082 The company reported a solid third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2020 results: Revenue: RM353.8m (flat on 3Q 2019). Net income: RM25.0m (up 310% from 3Q 2019). Profit margin: 7.1% (up from 1.7% in 3Q 2019). The increase in margin was primarily driven by lower expenses. 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 14% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Nov 24
New 90-day high: RM1.91 The company is up 6.0% from its price of RM1.81 on 26 August 2020. The Malaysian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Packaging industry, which is up 15% over the same period.