New Risk • Mar 02
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: -RM128k 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 (-RM128k free cash flow). Share price has been highly volatile over the past 3 months (48% average daily change). Earnings have declined by 21% per year over the past 5 years. Revenue is less than US$1m (RM3.0m revenue, or US$769k). Market cap is less than US$10m (RM13.2m market cap, or US$3.40m). New Risk • Nov 28
New major risk - Revenue size The company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (50% average weekly change). Earnings have declined by 30% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (RM6.61m market cap, or US$1.60m). Annonce • Nov 21
SMTrack Berhad Announces the Appointment of Encik Mohammed Nasser Bin Yusof as an Independent Director, Effective October 31, 2025 SMTRACK BERHAD announced the appointment of Encik Mohammed Nasser Bin Yusof as an Independent Director, effective October 31, 2025. Age is 44. Directorate: Independent and Non-Executive. His qualifications include a Degree in L.L.B Hons from the University of Malaya and a Certificate in Shariah for Banking & Finance from Selangor Islamic University. Working experience and occupation: Encik Mohammed Nasser bin Yusof ("Encik Nasser") has extensive experience in managing and administering the overall operations of a legal firm, Messrs the Law Chambers of Fauzi & Nasser as principal partner. Encik Nasser has conducted comprehensive legal research on regulatory compliance and industry standards, and prepared a wide range of legal documents such as pleadings, briefs, memoranda and legal opinions for litigation and arbitration purposes. In addition, he has managed client communications and liaised with regulatory bodies to ensure project compliance while providing legal advice and strategic guidance on various legal matters affecting the company. His experience also includes attending to court mentions, hearings, and trials in civil, criminal, and industrial relations matters, as well as preparing and submitting legal documents across all levels of the Malaysian court system, from the Lower Courts up to the Federal Court. Furthermore, he served as a Legal Advisor to major organizations, including Limkokwing University of Creative Technology International and BSL Containers (HK) Limited. Reported Earnings • May 31
First quarter 2025 earnings released: RM0.002 loss per share (vs RM0.001 loss in 1Q 2024) First quarter 2025 results: RM0.002 loss per share. Revenue: RM881.0k (down 76% from 1Q 2024). Net loss: RM481.0k (loss narrowed 69% from 1Q 2024). Annonce • Apr 29
SMTrack Berhad, Annual General Meeting, Jun 26, 2025 SMTrack Berhad, Annual General Meeting, Jun 26, 2025, at 11:00 Singapore Standard Time. Location: cipta meeting room, level 15, teedo hotel, pudu sentral, 55100 kuala lumpur, Malaysia New Risk • Mar 30
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: -RM11m 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 (-RM11m free cash flow). Share price has been highly volatile over the past 3 months (44% average weekly change). Earnings have declined by 27% per year over the past 5 years. Market cap is less than US$10m (RM19.8m market cap, or US$4.47m). Minor Risk Revenue is less than US$5m (RM11m revenue, or US$2.6m). New Risk • Mar 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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 (42% average weekly change). Market cap is less than US$10m (RM13.2m market cap, or US$2.97m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Revenue is less than US$5m (RM17m revenue, or US$3.9m). Reported Earnings • Aug 29
Full year 2024 earnings released: EPS: RM0.002 (vs RM0.014 loss in FY 2023) Full year 2024 results: EPS: RM0.002 (up from RM0.014 loss in FY 2023). Revenue: RM17.3m (up 8.6% from FY 2023). Net income: RM2.64m (up RM17.4m from FY 2023). Profit margin: 15% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Board Change • Aug 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 Mohd Idzwan Bin Ab Rahman 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. New Risk • Jun 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM45.5m (US$9.63m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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 (-RM2.4m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 34% per year over the past 5 years. Market cap is less than US$10m (RM45.5m market cap, or US$9.63m). Minor Risks Shareholders have been diluted in the past year (9.5% increase in shares outstanding). Revenue is less than US$5m (RM18m revenue, or US$3.8m). Reported Earnings • Jun 04
Third quarter 2024 earnings released: RM0.001 loss per share (vs RM0.001 profit in 3Q 2023) Third quarter 2024 results: RM0.001 loss per share (down from RM0.001 profit in 3Q 2023). Revenue: RM3.65m (down 43% from 3Q 2023). Net loss: RM1.57m (down 334% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 01
Second quarter 2024 earnings released: RM0.002 loss per share (vs RM0.009 loss in 2Q 2023) Second quarter 2024 results: RM0.002 loss per share (improved from RM0.009 loss in 2Q 2023). Revenue: RM6.27m (up 6.2% from 2Q 2023). Net loss: RM2.22m (loss narrowed 69% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Annonce • Jan 05
SMTrack Berhad Announces Resignation of Cheah Ben Lee as Independent and Non Executive Member of Risk Committee SMTrack Berhad announced resignation of Mr. Cheah Ben Lee as Independent and Non Executive Member of Risk Committee, effective 02 Jan. 2024. Age: 47. Composition of Risk Committee(Name and Directorate of members after change): Chairman: Encik Mahnorizal Bin Mahat (Senior Independent Non- Executive Director); Member: Mr. Chua Ser Terk (Independent Non-Executive Director). New Risk • Dec 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM42.8m (US$9.19m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (27% average weekly change). Earnings have declined by 38% per year over the past 5 years. Market cap is less than US$10m (RM42.8m market cap, or US$9.19m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-RM25m). Shareholders have been diluted in the past year (33% increase in shares outstanding). Revenue is less than US$5m (RM21m revenue, or US$4.4m). Reported Earnings • Nov 23
First quarter 2024 earnings released: EPS: RM0 (vs RM0.009 loss in 1Q 2023) First quarter 2024 results: EPS: RM0 (improved from RM0.009 loss in 1Q 2023). Revenue: RM4.78m (down 19% from 1Q 2023). Net loss: RM236.0k (loss narrowed 97% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Annonce • Oct 31
SMTrack Berhad, Annual General Meeting, Dec 27, 2023 SMTrack Berhad, Annual General Meeting, Dec 27, 2023, at 11:00 Singapore Standard Time. Agenda: To receive the Audited Financial Statements for the financial period ended 30 June 2023 together with Reports of the Directors' and the Auditors' thereon; to approve the Directors' fees and benefits of payable up to an amount of RM1,175,000.00 for the period from 28 December 2023 until the next Annual General Meeting of the Company to be held in 2024; to consider re-election of directors; to re-appoint Messrs. ChengCo PLT as Auditors of the Company and to authorize the Directors to fix their remuneration; and to transact other business. Reported Earnings • Sep 05
Full year 2023 earnings released: RM0.013 loss per share (vs RM0.014 loss in FY 2022) Full year 2023 results: RM0.013 loss per share. Revenue: RM15.9m (up 266% from FY 2022). Net loss: RM13.7m (loss widened 160% from FY 2022). Annonce • Jul 25
Smtrack Berhad Announces the Re-Designation of Datuk Wira Justin Lim Hwa Tat from Executive Director to Non Executive Director SMTrack Berhad announced the re-designation of Datuk Wira Justin Lim Hwa Tat from Executive Director to Non Executive Director. Date of change is 24 July 2023. Age is 47. Reported Earnings • Jun 04
First quarter 2023 earnings released: EPS: RM0.001 (vs RM0.003 loss in 1Q 2022) First quarter 2023 results: EPS: RM0.001 (up from RM0.003 loss in 1Q 2022). Revenue: RM6.45m (up 213% from 1Q 2022). Net income: RM671.0k (up RM2.12m from 1Q 2022). Profit margin: 10% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 03
Full year 2022 earnings released: RM0.013 loss per share (vs RM0.014 loss in FY 2021) Full year 2022 results: RM0.013 loss per share. Net loss: RM10.7m (loss widened 103% from FY 2021). Annonce • Dec 28
SMTrack Berhad Appoints Lam Hwan Chui as Independent and Non Executive Director SMTrack Berhad announces appointment of Miss Lam Hwan Chui as Independent and Non Executive Director. Date of change is 27 December, 2022; Age is 45;Gender is Female; and Nationality is Malaysia. Qualifications: Degree in Accounting and Financial Management from University of Essex, United Kingdom; Professional Qualification: Accounting from Malaysian Institute of Accountants (MIA); Professional Qualification: Accounting from Association of Chartered Certified Accountant (ACCA). Working experience and occupation: Ms. Lam Hwan Chui has more than 15 years of working experience in senior management capacity and 5 years of experience working in managerial roles in financial-related fields, business operations and setup. She has accumulated extensive project implementations and management experiences, including setting up mega projects to build a staff strength of over 150 people. She is currently the Chief Financial Officer of a newly-licensed Oil and Gas Malaysian Company, FIVE Petroleum Malaysia Sdn. Bhd., involved the setup of office, fund-raising exercises and redesigning the retail automation system. Before this, she was the Head of Finance, HR & Admin (Regional) of Wonder Court Consolidated Sdn. Bhd. and the Regional Head of Finance of In2 Malaysia Sdn. Bhd. She also has amassed overseas work experience in China and Philippines, coupled with exposures in other Asian countries such as Vietnam and Sri Lanka. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. VP & Non-Independent Non-Executive Director Choon Tan was the last independent 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: Minority of independent directors. Lack of board continuity. Annonce • Jun 21
SMTrack Berhad, Annual General Meeting, Jun 30, 2022 SMTrack Berhad, Annual General Meeting, Jun 30, 2022, at 10:30 Singapore Standard Time. Location: Broadcast Venue at Level 10, Tower 1, Avenue 5, Bangsar South City, 59200 Kualar Lumpur Wilayah Persekutuan Malaysia Agenda: To approve the directors' fees and benefits of payable up to an amount of RM 420,000.00 for the period from July 1, 2022 until the next annual general meeting of the company to be held in 2023; to consider re-election of Encik Mahnorizal Bin Mahat as director; to consider re-election of Dato' Saiful Nizam Bin Mohd Yusoff as director; to consider re-election of Mr. Tan Chee Keang as director; to consider re-election of Datuk Seri Tan Choon Hwa as director; to consider re-election of Datuk Wira Justin Lim Hwa Tat as Director; to consider re-appointment of Messrs. Russell Bedford LC PLT as the company's auditors and to authorise the Directors to fix their remuneration; to consider authority for directors to allot and issue shares under Sections 75 and 76 of the Companies Act, 2016; to consider proposed granting of SIS Options to Encik Azmi Bin Osman; to consider proposed granting of SIS Options to Dato' Zaidi Bin Mat Isa @ Hashim; and to consider other matters. Board Change • Apr 27
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Deputy Executive Chairman Azmi Bin Osman is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Mar 03
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: RM0.009 loss per share (up from RM0.017 loss in FY 2020). Revenue: RM4.34m (up 158% from FY 2020). Net loss: RM5.23m (loss widened 49% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Sep 28
Full year 2021 earnings released: RM0.01 loss per share (vs RM0.005 loss in FY 2020) Full year 2021 results: Net loss: RM4.67m (loss widened 472% from FY 2020). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Executive Departure • Sep 09
Independent & Non Executive Director Wei Kee Chua has left the company On the 1st of September, Wei Kee Chua's tenure as Independent & Non Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under Wei Kee's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 23
Independent Non-Executive Director Swee Ng has left the company On the 22nd of July, Swee Ng's tenure as Independent Non-Executive Director ended after 2.1 years in the role. We don't have any record of a personal shareholding under Swee's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Jan 01
First quarter 2021 earnings released: RM0.007 loss per share First quarter 2021 results: Net loss: RM1.61m (down RM1.77m from profit in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 01
Full year 2020 earnings released: RM0.005 loss per share The company reported a solid full year result with reduced losses and improved revenues and control over expenses. Full year 2020 results: Revenue: RM1.79m (up 5.2% from FY 2019). Net loss: RM815.7k (loss narrowed 54% from FY 2019). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annonce • Oct 20
SMTrack Berhad Announces Redesignation of Sri Shaharuddin Bin Khalid, Date of Change 19 Oct 2020 SMTrack Berhad announced Redesignation of Sri Shaharuddin Bin Khalid from Previous Position of Independent Director to New Position as Chairman. Date of change 19 Oct 2020. Reported Earnings • Oct 06
Full year earnings released - RM0.0046 loss per share Over the last 12 months the company has reported total losses of RM806.0k, with losses narrowing by 55% from the prior year. Total revenue was RM2.00m over the last 12 months, up 18% from the prior year. Reported Earnings • Oct 01
Full year earnings released - RM0.0046 loss per share Over the last 12 months the company has reported total losses of RM806.0k, with losses narrowing by 55% from the prior year. Total revenue was RM2.00m over the last 12 months, up 18% from the prior year.