New Risk • Mar 06
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 43% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (43% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (RM104.0m market cap, or US$26.3m). Reported Earnings • Mar 01
Third quarter 2026 earnings released: EPS: RM0.01 (vs RM0.003 in 3Q 2025) Third quarter 2026 results: EPS: RM0.01 (up from RM0.003 in 3Q 2025). Revenue: RM11.0m (up 25% from 3Q 2025). Net income: RM3.21m (up 191% from 3Q 2025). Profit margin: 29% (up from 13% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 23
Second quarter 2026 earnings released: EPS: RM0.003 (vs RM0.004 in 2Q 2025) Second quarter 2026 results: EPS: RM0.003 (down from RM0.004 in 2Q 2025). Revenue: RM8.63m (down 6.2% from 2Q 2025). Net income: RM1.02m (down 24% from 2Q 2025). Profit margin: 12% (down from 15% in 2Q 2025). The decrease in margin was driven by lower revenue. New Risk • Aug 27
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 30% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (30% accrual ratio). Minor Risks Dividend is not well covered by cash flows (243% cash payout ratio). Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (RM149.5m market cap, or US$35.3m). Board Change • Aug 06
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 Mei Tan was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 06
Full year 2025 earnings released: EPS: RM0.025 (vs RM0.024 in FY 2024) Full year 2025 results: EPS: RM0.025 (up from RM0.024 in FY 2024). Revenue: RM38.5m (up 9.3% from FY 2024). Net income: RM8.19m (up 5.2% from FY 2024). Profit margin: 21% (in line with FY 2024). Annonce • Jul 30
Agmo Holdings Berhad, Annual General Meeting, Sep 30, 2025 Agmo Holdings Berhad, Annual General Meeting, Sep 30, 2025, at 10:00 Singapore Standard Time. Location: level 43a, zetrix tower, empire city damansara, jalan pju 8, damansara perdana, 47820 petaling jaya, selangor darul ehsan, Malaysia New Risk • Jul 29
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 7.3% 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: Minor Risks Dividend is not well covered by cash flows (98% cash payout ratio). Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (RM165.8m market cap, or US$39.1m). New Risk • Jun 07
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 98% Dividend yield: 3.2% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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: Minor Risks Dividend is not well covered by cash flows (98% cash payout ratio). Market cap is less than US$100m (RM154.4m market cap, or US$36.5m). Reported Earnings • Jun 03
Full year 2025 earnings released: EPS: RM0.025 (vs RM0.024 in FY 2024) Full year 2025 results: EPS: RM0.025 (up from RM0.024 in FY 2024). Revenue: RM38.5m (up 9.3% from FY 2024). Net income: RM8.12m (up 4.3% from FY 2024). Profit margin: 21% (down from 22% in FY 2024). The decrease in margin was driven by higher expenses. Annonce • May 31
Agmo Holdings Berhad Announces Interim Single-Tier Dividend for the Financial Year Ended 31 March 2025, Payable on July 10, 2025 Agmo Holdings Berhad announced Interim Single-Tier Dividend of 1.5 sen per ordinary share for the financial year ended 31 March 2025. Ex-Date 18 June 2025, Entitlement date 19 June 2025 and Payment Date 10 July 2025. Reported Earnings • Feb 26
Third quarter 2025 earnings released: EPS: RM0.003 (vs RM0.004 in 3Q 2024) Third quarter 2025 results: EPS: RM0.003 (down from RM0.004 in 3Q 2024). Revenue: RM8.82m (down 11% from 3Q 2024). Net income: RM1.10m (down 13% from 3Q 2024). Profit margin: 13% (in line with 3Q 2024). Reported Earnings • Nov 22
Second quarter 2025 earnings released: EPS: RM0.004 (vs RM0.004 in 2Q 2024) Second quarter 2025 results: EPS: RM0.004 (in line with 2Q 2024). Revenue: RM9.21m (up 14% from 2Q 2024). Net income: RM1.35m (up 1.9% from 2Q 2024). Profit margin: 15% (down from 16% in 2Q 2024). The decrease in margin was driven by higher expenses. Board Change • Nov 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 Mei Tan 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. Annonce • Oct 04
Agmo Holdings Berhad Announces Appointment of Tan Mei Xuan as Independent Director Agmo Holdings Berhad announced appointment of Miss Tan Mei Xuan as Independent Director. Date of change is 04 October 2024. Age is 34 years. Directorate is Independent and Non Executive. She has a Diploma in Graphic Design from Dasein Academy of Art. Working experience and occupation: Ms. Tan Mei Xuan ("Ms. Tan") is a seasoned entrepreneur with over 14 years of experience in brand development and transformation. She is currently the Founder and Principal Brand Strategist of Dear Hustlers Enterprise, the advisor for Paywatch Malaysia Sdn. Bhd. and the Founder and Chief Executive Officer (CEO) of Criously Sdn. Bhd. In these roles, she led multi-sector brands across diverse industries and stages. Her expertise spans strategic governance, stakeholder management, and the implementation of innovative growth strategies. Previously, Ms. Tan was the Founder and CEO of Lovelife Technologies Sdn. Bhd., (owner and operator of beauty e-commerce platform, Favful) from 2015 to 2022, which she successfully exited by disposing of her shareholdings in 2022. In addition, her wealth of experience positions her as a mentor and advisor for various organisations, including 500 Global, Mentorcam, the Founder Institute and the Chinese Chamber of Commerce & Industry of Kuala Lumpur & Selangor (KLSCCCII). New Risk • Aug 23
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: 18% Last year net profit margin: 27% 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 Profit margins are more than 30% lower than last year (18% net profit margin). Market cap is less than US$100m (RM208.0m market cap, or US$47.5m). Reported Earnings • Aug 06
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: RM0.024 (up from RM0.021 in FY 2023). Revenue: RM35.2m (up 34% from FY 2023). Net income: RM7.78m (up 9.7% from FY 2023). Profit margin: 22% (down from 27% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 30%. Annonce • Jul 31
Agmo Holdings Berhad, Annual General Meeting, Sep 05, 2024 Agmo Holdings Berhad, Annual General Meeting, Sep 05, 2024, at 10:00 Singapore Standard Time. Location: level 43a, myeg tower, empire city, no.8, jalan damansara, pju 8, 47820 petaling jaya, selangor darul ehsan, Malaysia New Risk • May 25
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 32% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (32% accrual ratio). Minor Risk Market cap is less than US$100m (RM175.5m market cap, or US$37.3m). Reported Earnings • May 25
Full year 2024 earnings released: EPS: RM0.024 (vs RM0.021 in FY 2023) Full year 2024 results: EPS: RM0.024 (up from RM0.021 in FY 2023). Revenue: RM35.2m (up 34% from FY 2023). Net income: RM7.78m (up 9.7% from FY 2023). Profit margin: 22% (down from 27% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Software industry in Asia. Reported Earnings • Feb 22
Third quarter 2024 earnings released: EPS: RM0.004 (vs RM0.002 in 3Q 2023) Third quarter 2024 results: EPS: RM0.004 (up from RM0.002 in 3Q 2023). Revenue: RM9.94m (up 56% from 3Q 2023). Net income: RM1.26m (up 103% from 3Q 2023). Profit margin: 13% (up from 9.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Software industry in Asia. Reported Earnings • Nov 23
Second quarter 2024 earnings released: EPS: RM0.004 (vs RM0.002 in 2Q 2023) Second quarter 2024 results: EPS: RM0.004 (up from RM0.002 in 2Q 2023). Revenue: RM8.09m (up 27% from 2Q 2023). Net income: RM1.32m (up 114% from 2Q 2023). Profit margin: 16% (up from 9.7% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Software industry in Asia. Annonce • Aug 24
Agmo Holdings Berhad Appoints LOW VEN SIN as Company Secretary Agmo Holdings Berhad announced the appointment of LOW VEN SIN as Company Secretary. Date of change is on August 23, 2023. Reported Earnings • Aug 02
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: RM0.021. Revenue: RM26.4m (up 60% from FY 2022). Net income: RM7.10m (up 6.0% from FY 2022). Profit margin: 27% (down from 41% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) also missed analyst estimates by 21%. Annonce • Jul 29
Agmo Holdings Berhad, Annual General Meeting, Sep 05, 2023 Agmo Holdings Berhad, Annual General Meeting, Sep 05, 2023, at 10:00 Singapore Standard Time. Location: Level 43A, MYEG Tower, Empire City, No.8, Jalan Damansara, PJU 8, 47820 Petaling Jaya, Selangor Darul Ehsan Selangor Malaysia Agenda: To receive the audited financial statements for the financial year ended March 31, 2023 together with the Reports of the Directors and Auditors thereon; to re-elect the following Directors who are retiring by rotation pursuant to Clause 130.1 of the company's Constitution and who being eligible, has offered themselves for re-election; to approve the payment of Directors' fees and other benefits amounting to MYR 120,000 to the Directors of the company from conclusion of the second AGM up to the conclusion of the third AGM; to re-appoint Messrs. Grant Thornton Malaysia PLT as Auditors of the company until the conclusion of the next AGM and to authorize the Directors to fix their remuneration; to consider authority to allot and issue shares in general pursuant to Sections 75 and 76 of the Companies Act 2016; and to transact any other business of which due notice shall have been given. Reported Earnings • May 25
Full year 2023 earnings released: EPS: RM0.021 (vs RM0.028 in FY 2022) Full year 2023 results: EPS: RM0.021. Revenue: RM26.4m (up 60% from FY 2022). Net income: RM7.10m (up 6.0% from FY 2022). Profit margin: 27% (down from 41% in FY 2022). The decrease in margin was driven by higher expenses.