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. 5 experienced directors. 2 highly experienced directors. Independent & Non Executive Director Adriana Ting 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 • May 28
Third quarter 2026 earnings released: RM0.001 loss per share (vs RM0.001 loss in 3Q 2025) Third quarter 2026 results: RM0.001 loss per share (in line with 3Q 2025). Revenue: RM6.57m (down 7.7% from 3Q 2025). Net loss: RM2.48m (loss widened 100% from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 01
Second quarter 2026 earnings released: RM0.002 loss per share (vs RM0 in 2Q 2025) Second quarter 2026 results: RM0.002 loss per share (further deteriorated from RM0 in 2Q 2025). Revenue: RM6.47m (down 39% from 2Q 2025). Net loss: RM4.57m (down RM4.76m from profit in 2Q 2025). 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 21% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 21
First quarter 2026 earnings released: EPS: RM0 (vs RM0.001 loss in 1Q 2025) First quarter 2026 results: EPS: RM0 (improved from RM0.001 loss in 1Q 2025). Revenue: RM7.75m (down 35% from 1Q 2025). Net loss: RM925.0k (loss narrowed 19% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Annonce • Oct 30
Nova MSC Berhad, Annual General Meeting, Dec 03, 2025 Nova MSC Berhad, Annual General Meeting, Dec 03, 2025, at 09:30 Singapore Standard Time. Location: tropicana golf & country resort, jalan kelab tropicana, selangor darul ehsan, 47410 petaling jaya, Malaysia Reported Earnings • Aug 31
Full year 2025 earnings released: RM0.005 loss per share (vs RM0.005 loss in FY 2024) Full year 2025 results: RM0.005 loss per share (in line with FY 2024). Revenue: RM36.6m (up 11% from FY 2024). Net loss: RM7.07m (loss widened 12% from FY 2024). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. 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: 80% 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 Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 3.6% per year over the past 5 years. Shareholders have been substantially diluted in the past year (80% increase in shares outstanding). Minor Risk Market cap is less than US$100m (RM150.7m market cap, or US$34.2m). Reported Earnings • Mar 01
Third quarter 2025 earnings released: EPS: RM0 (vs RM0 in 3Q 2024) Third quarter 2025 results: EPS: RM0 (in line with 3Q 2024). Revenue: RM10.7m (up 4.7% from 3Q 2024). Net income: RM189.0k (up RM167.0k from 3Q 2024). Profit margin: 1.8% (up from 0.2% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. New Risk • Feb 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Malaysian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. 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 (-RM4.1m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 12% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (RM84.8m market cap, or US$19.2m). New Risk • Nov 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -RM4.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-RM4.1m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 12% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (RM176.7m market cap, or US$39.8m). Reported Earnings • Aug 30
First quarter 2025 earnings released: RM0.002 loss per share (vs RM0.002 loss in 1Q 2024) First quarter 2025 results: RM0.002 loss per share (in line with 1Q 2024). Revenue: RM7.70m (up 3.6% from 1Q 2024). Net loss: RM2.81m (loss widened 44% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 05
Full year 2024 earnings released: RM0.005 loss per share (vs RM0.01 loss in FY 2023) Full year 2024 results: RM0.005 loss per share (improved from RM0.01 loss in FY 2023). Revenue: RM34.6m (up 26% from FY 2023). Net loss: RM6.30m (loss narrowed 49% from FY 2023). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Annonce • Jul 31
Nova MSC Berhad, Annual General Meeting, Sep 10, 2024 Nova MSC Berhad, Annual General Meeting, Sep 10, 2024, at 15:00 Singapore Standard Time. New Risk • Jun 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Malaysian stocks, typically moving 13% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 30% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (4.4% increase in shares outstanding). Market cap is less than US$100m (RM142.5m market cap, or US$30.2m). Reported Earnings • Jun 04
Full year 2024 earnings released: RM0.005 loss per share (vs RM0.01 loss in FY 2023) Full year 2024 results: RM0.005 loss per share (improved from RM0.01 loss in FY 2023). Revenue: RM33.0m (up 21% from FY 2023). Net loss: RM6.20m (loss narrowed 50% from FY 2023). 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 11% per year, which means it is significantly lagging earnings. New Risk • May 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.4% 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 Risk Earnings have declined by 39% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Shareholders have been diluted in the past year (4.4% increase in shares outstanding). Market cap is less than US$100m (RM136.3m market cap, or US$29.0m). New Risk • Mar 21
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 7.8% 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 Risk Earnings have declined by 39% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (RM119.5m market cap, or US$25.3m). Reported Earnings • Feb 24
Third quarter 2024 earnings released: EPS: RM0 (vs RM0.004 loss in 3Q 2023) Third quarter 2024 results: EPS: RM0 (improved from RM0.004 loss in 3Q 2023). Revenue: RM10.2m (up 76% from 3Q 2023). Net income: RM22.0k (up RM4.79m from 3Q 2023). Profit margin: 0.2% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue. 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 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 24
Second quarter 2024 earnings released: RM0.002 loss per share (vs RM0.004 loss in 2Q 2023) Second quarter 2024 results: RM0.002 loss per share (improved from RM0.004 loss in 2Q 2023). Revenue: RM9.12m (up 61% from 2Q 2023). Net loss: RM2.05m (loss narrowed 54% from 2Q 2023). 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 3% per year, which means it is well ahead of earnings. Reported Earnings • Jul 30
Full year 2023 earnings released: RM0.01 loss per share (vs RM0.017 loss in FY 2022) Full year 2023 results: RM0.01 loss per share (improved from RM0.017 loss in FY 2022). Revenue: RM27.4m (up 16% from FY 2022). Net loss: RM12.3m (loss narrowed 39% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Annonce • Jul 29
Nova MSC Berhad, Annual General Meeting, Sep 06, 2023 Nova MSC Berhad, Annual General Meeting, Sep 06, 2023, at 15:00 Singapore Standard Time. Agenda: To lay the Audited Financial Statements for the financial year ended 31 March 2023 together with the Reports of Directors and Auditors thereon; to re-elect the following Directors who retire pursuant to the Constitution of the Company and being eligible, have offered themselves for re-election; to approve the payment of Directors' fees of not exceeding RM200,000 for the year ending 31 March 2024 to be divided amongst the Directors in such manner as they may determine, with payment of the fees to be made monthly in arrears at the end of each month; to re-appoint Messrs. Chengco PLT as Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration; and to discuss other matters. Reported Earnings • Jun 01
Full year 2023 earnings released: RM0.01 loss per share (vs RM0.017 loss in FY 2022) Full year 2023 results: RM0.01 loss per share (improved from RM0.017 loss in FY 2022). Revenue: RM27.0m (up 14% from FY 2022). Net loss: RM12.4m (loss narrowed 39% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Reported Earnings • Feb 25
Third quarter 2023 earnings released: RM0.004 loss per share (vs RM0.009 loss in 3Q 2022) Third quarter 2023 results: RM0.004 loss per share (improved from RM0.009 loss in 3Q 2022). Revenue: RM5.80m (up 100% from 3Q 2022). Net loss: RM4.77m (loss narrowed 54% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Reported Earnings • Nov 25
Second quarter 2023 earnings released: RM0.004 loss per share (vs RM0.001 loss in 2Q 2022) Second quarter 2023 results: RM0.004 loss per share (further deteriorated from RM0.001 loss in 2Q 2022). Revenue: RM5.68m (down 39% from 2Q 2022). Net loss: RM4.41m (loss widened 221% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 04
Full year 2022 earnings released: RM0.017 loss per share (vs RM0.01 loss in FY 2021) Full year 2022 results: RM0.017 loss per share (down from RM0.01 loss in FY 2021). Revenue: RM23.7m (down 34% from FY 2021). Net loss: RM20.2m (loss widened 107% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Reported Earnings • May 29
Full year 2022 earnings released: RM0.017 loss per share (vs RM0.01 loss in FY 2021) Full year 2022 results: RM0.017 loss per share (down from RM0.01 loss in FY 2021). Revenue: RM22.8m (down 36% from FY 2021). Net loss: RM19.6m (loss widened 101% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 27
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: RM0.009 loss per share (down from RM0.007 loss in 3Q 2021). Revenue: RM2.89m (down 50% from 3Q 2021). Net loss: RM10.3m (loss widened 35% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 01
First quarter 2022 earnings released: RM0.002 loss per share (vs RM0.001 profit in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2022 results: Revenue: RM7.32m (down 21% from 1Q 2021). Net loss: RM2.95m (down RM3.60m from profit in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 30
Full year 2021 earnings released: RM0.01 loss per share (vs RM0.004 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: RM32.5m (down 19% from FY 2020). Net loss: RM9.92m (loss widened 194% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance.