New Risk • Mar 30
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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.1% average weekly change). Buy Or Sell Opportunity • Mar 10
Now 22% overvalued Over the last 90 days, the stock has fallen 30% to RM0.43. The fair value is estimated to be RM0.36, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.0% over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings are also forecast to grow by 3.7% per annum over the same time period. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: RM0.01 (vs RM0.016 in 3Q 2025) Third quarter 2026 results: EPS: RM0.01 (down from RM0.016 in 3Q 2025). Revenue: RM457.2m (down 9.2% from 3Q 2025). Net income: RM16.1m (down 37% from 3Q 2025). Profit margin: 3.5% (down from 5.1% in 3Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Electronic industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • Feb 13
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from RM2.10b to RM1.92b. EPS estimate also fell from RM0.07 per share to RM0.057 per share. Net income forecast to shrink 28% next year vs 22% growth forecast for Electronic industry in Malaysia . Consensus price target down from RM1.00 to RM0.68. Share price fell 16% to RM0.51 over the past week. Buy Or Sell Opportunity • Feb 04
Now 20% overvalued Over the last 90 days, the stock has fallen 18% to RM0.63. The fair value is estimated to be RM0.52, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.7% over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 25% in the next 2 years. Board Change • Jan 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. 3 experienced directors. 2 highly experienced directors. Independent Non-Executive Chairman Hussin Bin Ismail was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Dec 01
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from RM2.32b to RM2.13b. EPS estimate also fell from RM0.082 per share to RM0.072 per share. Net income forecast to grow 12% next year vs 20% growth forecast for Electronic industry in Malaysia. Consensus price target down from RM1.21 to RM1.05. Share price fell 9.2% to RM0.59 over the past week. Reported Earnings • Nov 25
Second quarter 2026 earnings released: EPS: RM0.018 (vs RM0.022 in 2Q 2025) Second quarter 2026 results: EPS: RM0.018 (down from RM0.022 in 2Q 2025). Revenue: RM537.4m (down 15% from 2Q 2025). Net income: RM27.5m (down 20% from 2Q 2025). Profit margin: 5.1% (down from 5.4% in 2Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Electronic industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Oct 01
Now 20% overvalued Over the last 90 days, the stock has fallen 10% to RM0.97. The fair value is estimated to be RM0.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.1% over the last 3 years. Earnings per share has declined by 20%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 9.2% per annum over the same time period. Upcoming Dividend • Sep 25
Upcoming dividend of RM0.037 per share Eligible shareholders must have bought the stock before 02 October 2025. Payment date: 24 October 2025. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Malaysian dividend payers (5.5%). Higher than average of industry peers (2.2%). Price Target Changed • Sep 04
Price target decreased by 8.7% to RM1.21 Down from RM1.33, the current price target is an average from 7 analysts. New target price is 33% above last closing price of RM0.92. Stock is down 17% over the past year. The company is forecast to post earnings per share of RM0.082 for next year compared to RM0.075 last year. Declared Dividend • Sep 04
Dividend increased to RM0.037 Dividend of RM0.037 is 28% higher than last year. Ex-date: 2nd October 2025 Payment date: 24th October 2025 Dividend yield will be 4.1%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Jul 31
SKP Resources Bhd announces Annual dividend, payable on October 24, 2025 SKP Resources Bhd announced Annual dividend of MYR 0.0375 per share payable on October 24, 2025, ex-date on October 02, 2025 and record date on October 03, 2025. Annonce • Jul 30
SKP Resources Bhd, Annual General Meeting, Sep 25, 2025 SKP Resources Bhd, Annual General Meeting, Sep 25, 2025, at 11:00 Singapore Standard Time. Location: cempaka room, level 3, bangi resort hotel, off persiaran bandar, 43650 bandar baru bangi, selangor darul ehsan, Malaysia Annonce • Jun 05
SKP Resources Berhad Announces Strike-Off of Tecnicware Products Sdn. Bhd The Board of Directors of SKP Resources Berhad announced that Tecnicware Products Sdn. Bhd has been struck off and deem dissolved from the Register of the Companies Commission of Malaysia following the publication of the notice of striking off company name pursuant to Section 551(3) of the Companies Act 2016, in the Gazette on 22 May 2025. The striking-off of TPSB does not have a material effect on the earnings or net assets of the Group for the financial year ending 31 March 2026. Reported Earnings • May 31
Full year 2025 earnings released: EPS: RM0.076 (vs RM0.058 in FY 2024) Full year 2025 results: EPS: RM0.076 (up from RM0.058 in FY 2024). Revenue: RM2.22b (up 20% from FY 2024). Net income: RM118.6m (up 30% from FY 2024). Profit margin: 5.3% (up from 4.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. New Risk • Apr 10
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 8.8% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.8% average weekly change). Reported Earnings • Feb 25
Third quarter 2025 earnings released: EPS: RM0.016 (vs RM0.015 in 3Q 2024) Third quarter 2025 results: EPS: RM0.016 (up from RM0.015 in 3Q 2024). Revenue: RM503.7m (up 11% from 3Q 2024). Net income: RM25.6m (up 9.3% from 3Q 2024). Profit margin: 5.1% (down from 5.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic 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 only fallen by 11% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to RM1.13, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the Electronic industry in Malaysia. Total loss to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM1.68 per share. Reported Earnings • Nov 26
Second quarter 2025 earnings released: EPS: RM0.022 (vs RM0.017 in 2Q 2024) Second quarter 2025 results: EPS: RM0.022 (up from RM0.017 in 2Q 2024). Revenue: RM635.3m (up 22% from 2Q 2024). Net income: RM34.4m (up 27% from 2Q 2024). Profit margin: 5.4% (up from 5.2% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electronic industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 18% per year. Upcoming Dividend • Sep 26
Upcoming dividend of RM0.029 per share Eligible shareholders must have bought the stock before 03 October 2024. Payment date: 24 October 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Malaysian dividend payers (4.7%). Higher than average of industry peers (1.9%). Reported Earnings • Aug 27
First quarter 2025 earnings released: EPS: RM0.018 (vs RM0.014 in 1Q 2024) First quarter 2025 results: EPS: RM0.018 (up from RM0.014 in 1Q 2024). Revenue: RM505.5m (up 17% from 1Q 2024). Net income: RM28.3m (up 31% from 1Q 2024). Profit margin: 5.6% (up from 5.0% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 17% per year. Reported Earnings • Aug 04
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: RM0.058 (down from RM0.09 in FY 2023). Revenue: RM1.85b (down 26% from FY 2023). Net income: RM91.0m (down 35% from FY 2023). Profit margin: 4.9% (down from 5.6% in FY 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 5.7%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 16% per year. Annonce • Jul 31
SKP Resources Bhd, Annual General Meeting, Sep 26, 2024 SKP Resources Bhd, Annual General Meeting, Sep 26, 2024, at 11:00 Singapore Standard Time. Location: level 7, menara milenium, jalan damanlela, pusat bandar damansara, damansara heights, 50490 kuala lumpur, wilayah persekutuan, Malaysia Price Target Changed • Jun 04
Price target increased by 24% to RM1.18 Up from RM0.95, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of RM1.14. Stock is up 14% over the past year. The company is forecast to post earnings per share of RM0.074 for next year compared to RM0.062 last year. Buy Or Sell Opportunity • Mar 17
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to RM0.87. The fair value is estimated to be RM0.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.9%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 52% in the next 2 years. Reported Earnings • Feb 27
Third quarter 2024 earnings released: EPS: RM0.015 (vs RM0.026 in 3Q 2023) Third quarter 2024 results: EPS: RM0.015 (down from RM0.026 in 3Q 2023). Revenue: RM453.1m (down 39% from 3Q 2023). Net income: RM23.4m (down 43% from 3Q 2023). Profit margin: 5.2% (down from 5.5% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Feb 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to RM0.71. The fair value is estimated to be RM0.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 6.6%. Revenue is forecast to grow by 3.8% in 2 years. Earnings are forecast to grow by 22% in the next 2 years. Price Target Changed • Dec 01
Price target decreased by 10.0% to RM1.06 Down from RM1.18, the current price target is an average from 8 analysts. New target price is 37% above last closing price of RM0.77. Stock is down 55% over the past year. The company is forecast to post earnings per share of RM0.074 for next year compared to RM0.09 last year. Upcoming Dividend • Sep 22
Upcoming dividend of RM0.045 per share at 4.5% yield Eligible shareholders must have bought the stock before 29 September 2023. Payment date: 26 October 2023. Payout ratio is a comfortable 56% and the cash payout ratio is 94%. Trailing yield: 4.5%. Lower than top quartile of Malaysian dividend payers (5.1%). Higher than average of industry peers (2.2%). New Risk • Aug 26
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: 5.2% Last year net profit margin: 7.5% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (5.2% net profit margin). Price Target Changed • Aug 09
Price target decreased by 7.7% to RM1.19 Down from RM1.29, the current price target is an average from 8 analysts. New target price is 26% above last closing price of RM0.94. Stock is down 41% over the past year. The company is forecast to post earnings per share of RM0.082 for next year compared to RM0.09 last year. Reported Earnings • Aug 01
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: RM0.09 (down from RM0.11 in FY 2022). Revenue: RM2.52b (up 8.3% from FY 2022). Net income: RM140.5m (down 19% from FY 2022). Profit margin: 5.6% (down from 7.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 8.7%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Annonce • Jul 29
SKP Resources Bhd, Annual General Meeting, Sep 29, 2023 SKP Resources Bhd, Annual General Meeting, Sep 29, 2023, at 11:00 Singapore Standard Time. Agenda: To receive the Audited Financial Statements of the Company for the financial year ended 31 March 2023 together with the Reports of the Directors and Auditors thereon; To re-elect Ms. Anita Chew Cheng Im, a Director of the Company, who retires in accordance with Clause 119 of the Company's Constitution and being eligible, has offered herself for re-election; and to discuss other matters. Buying Opportunity • Jul 12
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 31%. The fair value is estimated to be RM1.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 7.1% per annum. Earnings is also forecast to grow by 10% per annum over the same time period. Reported Earnings • Jun 01
Full year 2023 earnings released: EPS: RM0.093 (vs RM0.11 in FY 2022) Full year 2023 results: EPS: RM0.093 (down from RM0.11 in FY 2022). Revenue: RM2.53b (up 9.1% from FY 2022). Net income: RM144.5m (down 17% from FY 2022). Profit margin: 5.7% (down from 7.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Price Target Changed • May 31
Price target decreased by 8.3% to RM1.46 Down from RM1.59, the current price target is an average from 9 analysts. New target price is 43% above last closing price of RM1.02. Stock is down 33% over the past year. The company is forecast to post earnings per share of RM0.10 for next year compared to RM0.11 last year. Valuation Update With 7 Day Price Move • May 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to RM1.01, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Electronic industry in Malaysia. Total returns to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM1.00 per share. Price Target Changed • Feb 27
Price target decreased by 14% to RM1.72 Down from RM2.01, the current price target is an average from 9 analysts. New target price is 29% above last closing price of RM1.34. Stock is down 10% over the past year. The company is forecast to post earnings per share of RM0.10 for next year compared to RM0.11 last year. Reported Earnings • Feb 25
Third quarter 2023 earnings released: EPS: RM0.026 (vs RM0.029 in 3Q 2022) Third quarter 2023 results: EPS: RM0.026 (down from RM0.029 in 3Q 2022). Revenue: RM740.1m (up 10% from 3Q 2022). Net income: RM40.7m (down 12% from 3Q 2022). Profit margin: 5.5% (down from 6.8% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 03
Second quarter 2023 earnings released: EPS: RM0.03 (vs RM0.026 in 2Q 2022) Second quarter 2023 results: EPS: RM0.03 (up from RM0.026 in 2Q 2022). Revenue: RM736.5m (up 33% from 2Q 2022). Net income: RM46.5m (up 16% from 2Q 2022). Profit margin: 6.3% (down from 7.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Sep 30
Now 20% undervalued Over the last 90 days, the stock is up 6.4%. The fair value is estimated to be RM2.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 13% per annum over the same time period. Upcoming Dividend • Sep 23
Upcoming dividend of RM0.056 per share Eligible shareholders must have bought the stock before 30 September 2022. Payment date: 28 October 2022. Payout ratio is a comfortable 49% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Lower than top quartile of Malaysian dividend payers (5.1%). Lower than average of industry peers (4.0%). Annonce • Sep 21
SKP Resources Bhd Announces Demise of Dato' Gan Kim Huat, Executive Chairman SKP Resources Bhd announced the demise of Dato' Gan Kim Huat, Executive Chairman. Gan Kim Huat age is 74. Dato' Gan has over 30 years of experience in plastics injection moulding and is a well-known entrepreneur in the local plastics industry due to his wide knowledge of plastics manufacturing and network of contacts in the industry. Dato' Gan has also cultivated excellent relationships with the customers of the Group. Buying Opportunity • Aug 22
Now 21% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be RM2.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 10% per annum over the same time period. Reported Earnings • Aug 01
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: RM0.11 (up from RM0.085 in FY 2021). Revenue: RM2.32b (up 3.1% from FY 2021). Net income: RM173.4m (up 30% from FY 2021). Profit margin: 7.5% (up from 5.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) exceeded analyst estimates by 8.5%. Over the next year, revenue is forecast to grow 22%, compared to a 17% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Annonce • Jul 30
SKP Resources Bhd, Annual General Meeting, Sep 23, 2022 SKP Resources Bhd, Annual General Meeting, Sep 23, 2022, at 11:00 Singapore Standard Time. Agenda: To consider re-election of Dato' Gan Kim Huat as Director; to consider re-election of Mr. Gan Poh San as Director; to consider and approve the payment of Directors' fees of RM 395,000 for the period from 1 October 2022 to 30 September 2023, to be payable on a quarterly basis in arrears; to consider re-appointment of Ernst & Young PLT as Auditors of the Company; to consider and authorize Directors to issue shares pursuant to the Companies Act 2016; and to consider and approve the Proposed Renewal of Share Buy-Back Authority. Annonce • Jul 26
SKP Resources Bhd Announces Final Single-Tier Dividend for the Financial Year Ended 31 March 2022, Payable on 28 October 2022 SKP Resources Bhd announced the final single-tier dividend of 5.55 sen per ordinary share for the financial year ended 31 March 2022. The dividend will paid on 28 October 2022 with ex-date of 30 September 2022 and entitlement date is 03 October 2022. Buying Opportunity • Jun 13
Now 22% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be RM2.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 11% per annum over the same time period. Reported Earnings • May 29
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: RM0.11 (up from RM0.085 in FY 2021). Revenue: RM2.32b (up 3.0% from FY 2021). Net income: RM169.8m (up 28% from FY 2021). Profit margin: 7.3% (up from 5.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 29%. Over the next year, revenue is forecast to grow 29%, compared to a 18% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorated over the past week After last week's 15% share price decline to RM1.32, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Electronic industry in Malaysia. Total returns to shareholders of 37% over the past three years. Reported Earnings • Feb 27
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: RM0.03 (up from RM0.028 in 3Q 2021). Revenue: RM672.5m (down 5.7% from 3Q 2021). Net income: RM46.1m (up 5.8% from 3Q 2021). Profit margin: 6.8% (up from 6.1% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 29%. Over the next year, revenue is forecast to grow 36%, compared to a 19% growth forecast for the industry in Malaysia. 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 14% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment deteriorated over the past week After last week's 16% share price decline to RM1.57, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 20x in the Electronic industry in Malaysia. Total returns to shareholders of 98% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM2.56 per share. Reported Earnings • Nov 28
Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2022 results: EPS: RM0.026 (down from RM0.028 in 2Q 2021). Revenue: RM553.7m (down 24% from 2Q 2021). Net income: RM40.1m (down 9.0% from 2Q 2021). Profit margin: 7.2% (up from 6.1% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 29%. Earnings per share (EPS) surpassed analyst estimates by 29%. Over the next year, revenue is forecast to grow 28%, compared to a 17% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 24
Upcoming dividend of RM0.043 per share Eligible shareholders must have bought the stock before 01 October 2021. Payment date: 29 October 2021. Trailing yield: 2.2%. Lower than top quartile of Malaysian dividend payers (4.2%). In line with average of industry peers (2.1%). Reported Earnings • Sep 01
First quarter 2022 earnings released: EPS RM0.021 (vs RM0.006 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: RM515.1m (up 29% from 1Q 2021). Net income: RM32.5m (up 223% from 1Q 2021). Profit margin: 6.3% (up from 2.5% in 1Q 2021). 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 21% per year, which means it is tracking significantly ahead of earnings growth.