New Risk • May 05
New major risk - Revenue and earnings growth Earnings have declined by 41% 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 Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 41% per year over the past 5 years. Market cap is less than US$10m (RM11.3m market cap, or US$2.86m). Minor Risk Revenue is less than US$5m (RM9.3m revenue, or US$2.3m). Reported Earnings • May 05
Full year 2026 earnings released: RM0.027 loss per share (vs RM0.043 loss in FY 2025) Full year 2026 results: RM0.027 loss per share (improved from RM0.043 loss in FY 2025). Revenue: RM9.31m (up 22% from FY 2025). Net loss: RM5.56m (loss narrowed 34% from FY 2025). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. New Risk • Jan 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended February 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 25% per year over the past 5 years. Market cap is less than US$10m (RM16.2m market cap, or US$4.00m). Minor Risks Latest financial reports are more than 6 months old (reported February 2025 fiscal period end). Revenue is less than US$5m (RM7.6m revenue, or US$1.9m). Board Change • Jul 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. 4 experienced directors. 3 highly experienced directors. Independent Non Executive Chairman Nurulhidayah Binti Ahmad Zahid was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Annonce • Jun 26
MQ Technology Berhad, Annual General Meeting, Aug 26, 2025 MQ Technology Berhad, Annual General Meeting, Aug 26, 2025, at 11:00 Singapore Standard Time. Location: unit 310, block c, damansara intan, no. 1, jalan ss20/27, 47400 petaling jaya, selangor darul ehsan, Malaysia New Risk • Apr 15
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 36% This is considered a major 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 Less than 1 year of cash runway based on free cash flow trend (-RM5.4m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Market cap is less than US$10m (RM13.4m market cap, or US$3.04m). Minor Risk Revenue is less than US$5m (RM7.4m revenue, or US$1.7m). Reported Earnings • Mar 01
First quarter 2025 earnings released: RM0.005 loss per share (vs RM0.004 loss in 1Q 2024) First quarter 2025 results: RM0.005 loss per share (further deteriorated from RM0.004 loss in 1Q 2024). Revenue: RM2.26m (up 18% from 1Q 2024). Net loss: RM1.11m (loss widened 83% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 18 percentage points per year, which is a significant difference in performance. Reported Earnings • Dec 05
Full year 2024 earnings released: RM0.046 loss per share (vs RM0.11 loss in FY 2023) Full year 2024 results: RM0.046 loss per share (improved from RM0.11 loss in FY 2023). Revenue: RM7.04m (up 4.3% from FY 2023). Net loss: RM7.47m (loss narrowed 50% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance. Annonce • Oct 17
MQ Technology Berhad Announces Appointment of Tong Sian Shyen as Group Chief Executive Officer MQ Technology Berhad announced appointment of Mr. Tong Sian Shyen, age 60 as Group Chief Executive Officer, effective October 16, 2024. Working experience and occupation: Mr. Tong Sian Shyen has more than 30 years of financial, management and HR experience in a wide array of industries which includes manufacturing, Information Technology, Mobile Application & Digital Marketing, Construction, Property Development, Assembler, Timber & Logging and Agriculture produce, etc. He started his career in commercial firm with CI Holding group as Assistant Manager in charge of the operation and financial management of a divisional unit. He later moved to SME industries for a couple of years company specializing in debts and equity restructuring and financial management and reporting. In year 2009, he joined PLC company, Dolomite Group as Finance & Administrative Manager. In year 2010, he left Dolomite and joined NWP Group as Financial Manager for 4 years. He rejoined the company in 2017 as a Group Accountant. In 2018, He left NWP and joined MQ Technology as Financial Controller until he was appointed Executive Director. Reported Earnings • Aug 31
Third quarter 2024 earnings released: RM0.001 loss per share (vs RM0.003 loss in 3Q 2023) Third quarter 2024 results: RM0.001 loss per share (improved from RM0.003 loss in 3Q 2023). Revenue: RM2.18m (up 186% from 3Q 2023). Net loss: RM1.94m (loss narrowed 57% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance. Annonce • Jul 01
MQ Technology Berhad Announces Resignation of Wong Youn Kim as Company Secretary MQ Technology Berhad announced the resignation of WONG YOUN KIM as Company Secretary. Date Of Change 01 July 2024. Annonce • Jun 05
Mq Technology Berhad Announces Resignation of Mr. Chean Meng Hee as General Manager MQ Technology Berhad announced resignation of MR CHEAN MENG HEE as General Manager, due to personal commitment. Age is 53. Date of change is May 31, 2024. Reported Earnings • Jun 04
Second quarter 2024 earnings released: RM0.001 loss per share (vs RM0.002 loss in 2Q 2023) Second quarter 2024 results: RM0.001 loss per share (improved from RM0.002 loss in 2Q 2023). Revenue: RM1.14m (down 5.7% from 2Q 2023). Net loss: RM1.74m (loss narrowed 47% from 2Q 2023). 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 40% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 01
First quarter 2024 earnings released: EPS: RM0 (vs RM0.001 loss in 1Q 2023) First quarter 2024 results: EPS: RM0 (improved from RM0.001 loss in 1Q 2023). Revenue: RM1.92m (down 38% from 1Q 2023). Net loss: RM609.0k (loss narrowed 3.3% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings. Reported Earnings • Feb 02
Full year 2023 earnings released: RM0.011 loss per share (vs RM0.002 profit in FY 2022) Full year 2023 results: RM0.011 loss per share (down from RM0.002 profit in FY 2022). Revenue: RM6.75m (down 58% from FY 2022). Net loss: RM15.1m (down RM17.2m from profit in FY 2022). 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 43% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 30
Full year 2023 earnings released: RM0.011 loss per share (vs RM0.002 profit in FY 2022) Full year 2023 results: RM0.011 loss per share (down from RM0.002 profit in FY 2022). Revenue: RM6.75m (down 58% from FY 2022). Net loss: RM15.1m (down RM17.2m from profit in FY 2022). 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 42% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 30
Third quarter 2023 earnings released: RM0.003 loss per share (vs RM0.001 profit in 3Q 2022) Third quarter 2023 results: RM0.003 loss per share (down from RM0.001 profit in 3Q 2022). Revenue: RM760.9k (down 84% from 3Q 2022). Net loss: RM4.54m (down 448% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 03
Second quarter 2023 earnings released: RM0.002 loss per share (vs RM0 in 2Q 2022) Second quarter 2023 results: RM0.002 loss per share (further deteriorated from RM0 in 2Q 2022). Revenue: RM1.21m (down 67% from 2Q 2022). Net loss: RM3.30m (loss widened RM3.28m from 2Q 2022). 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 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 03
Full year 2022 earnings released: EPS: RM0.002 (vs RM0.001 loss in FY 2021) Full year 2022 results: EPS: RM0.002 (up from RM0.001 loss in FY 2021). Revenue: RM16.1m (up 72% from FY 2021). Net income: RM2.18m (up RM3.00m from FY 2021). Profit margin: 14% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Annonce • Jan 31
MQ Technology Berhad, Annual General Meeting, Mar 28, 2023 MQ Technology Berhad, Annual General Meeting, Mar 28, 2023, at 10:30 Singapore Standard Time. Location: Unit 310, Block C, Damansara Intan No. 1, Jalan SS20/27, 47400 Petaling Jaya Selangor Darul Ehsan Selangor Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 30 September 2022 together with the Reports of the Directors and Auditors thereon; to approve the payment of Directors' fees and benefits of not exceeding RM 300,000.00 from 29 March 2023 until the next Annual General Meeting of the Company to be held in 2024; to re-elect Mr. Paulinus Mojiun who retires in accordance with Clause 97 of the Company's Constitution and being eligible, has offered himself for re-election; to re-elect Mr. Tong Sian Shyen who retires in accordance with Clause 97 of the Company's Constitution and being eligible, has offered himself for re-election; to re-elect Dato' Nurulhidayah Binti Ahmad Zahid who retires in accordance with Clause 104 of the Company's Constitution and being eligible, has offered herself for re-election; to re-appoint Messrs. ChengCo PLT as the Auditors of the Company and authorise the Directors to fix their remuneration; and to transact other matters. Reported Earnings • Dec 04
Full year 2022 earnings released: EPS: RM0.002 (vs RM0.001 loss in FY 2021) Full year 2022 results: EPS: RM0.002 (up from RM0.001 loss in FY 2021). Revenue: RM16.1m (up 72% from FY 2021). Net income: RM2.18m (up RM3.00m from FY 2021). Profit margin: 14% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Annonce • Oct 21
MQ Technology Berhad Announces Re-Designation of Mr. Chean Meng Hee as Change in Principal Officer MQ Technology Berhad announced Re-designation of Mr. Chean Meng Hee as Change in Principal Officer, 20 October 2022. Reported Earnings • Aug 26
Third quarter 2022 earnings released: EPS: RM0.001 (vs RM0 in 3Q 2021) Third quarter 2022 results: EPS: RM0.001 (up from RM0 in 3Q 2021). Revenue: RM4.74m (up 77% from 3Q 2021). Net income: RM1.31m (up 333% from 3Q 2021). Profit margin: 28% (up from 11% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 18
Second quarter 2022 earnings released: EPS: RM0 (vs RM0 in 2Q 2021) Second quarter 2022 results: EPS: RM0 (vs RM0 in 2Q 2021). Revenue: RM3.70m (up 98% from 2Q 2021). Net loss: RM18.2k (loss narrowed 92% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 04
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: RM0.001 loss per share (up from RM0.015 loss in FY 2020). Revenue: RM8.52m (up 14% from FY 2020). Net loss: RM1.08m (loss narrowed 89% from FY 2020). Revenue exceeded analyst estimates by 17%. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 30
First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2022 results: RM0.001 loss per share (vs RM0.001 loss in 1Q 2021). Revenue: RM2.52m (up 95% from 1Q 2021). Net loss: RM937.3k (loss widened 76% from 1Q 2021). Revenue exceeded analyst estimates by 17%. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 26
Full year 2021 earnings released: RM0.001 loss per share (vs RM0.015 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were flat. Full year 2021 results: Revenue: RM8.13m (flat on FY 2020). Net loss: RM418.4k (loss narrowed 96% from FY 2020). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 7% per year. Reported Earnings • Dec 01
First quarter 2021 earnings released: RM0.001 loss per share The company reported a soft first quarter result with weaker revenues and control over expenses, though losses reduced. First quarter 2021 results: Revenue: RM1.29m (down 35% from 1Q 2020). Net loss: RM534.0k (loss narrowed 12% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Annonce • Oct 18
MQ Technology Berhad (KLSE:MQTECH) entered into an agreement to acquire 51% stake in Oriental Link Properties (M) Sdn Bhd from Lee Khoon Eng and Saw Yee Nong. MQ Technology Berhad (KLSE:MQTECH) entered into a memorandum of agreement to acquire 51% stake in Oriental Link Properties (M) Sdn Bhd from Lee Khoon Eng and Saw Yee Nong on October 16, 2020. The transaction is subject to due diligence on the business of Oriental. The execution of the MOA is not expected to have any material effect on the earnings, net assets and gearing of MQT for the current financial year ending June 30, 2021 but MQT expects a positive contribution to its earnings in the future should the Acquisition be finalised and successfully completed. 