New Risk • May 21
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM39.3m (US$9.91m) 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 Earnings have declined by 50% per year over the past 5 years. Shareholders have been substantially diluted in the past year (41% increase in shares outstanding). Market cap is less than US$10m (RM39.3m market cap, or US$9.91m). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Annonce • Apr 29
Binasat Communications Berhad, Annual General Meeting, Jun 30, 2026 Binasat Communications Berhad, Annual General Meeting, Jun 30, 2026, at 10:00 Singapore Standard Time. Location: hextar hall, level 17, hextar centre, hextar tower, no. 8, jalan damansara, empire city, pju 8, damansara perdana, 47820 petaling jaya, selangor darul ehsan, Malaysia Annonce • Sep 11
Binasat Communications Berhad has completed a Follow-on Equity Offering in the amount of MYR 12.81375 million. Binasat Communications Berhad has completed a Follow-on Equity Offering in the amount of MYR 12.81375 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 28,137,500
Price\Range: MYR 0.1
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 100,000,000
Price\Range: MYR 0.1
Transaction Features: Subsequent Direct Listing Annonce • Aug 18
Binasat Communications Berhad has filed a Follow-on Equity Offering. Binasat Communications Berhad has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 100,000,000
Transaction Features: Subsequent Direct Listing Annonce • Apr 28
Binasat Communications Berhad, Annual General Meeting, Jun 20, 2025 Binasat Communications Berhad, Annual General Meeting, Jun 20, 2025, at 10:00 Singapore Standard Time. Location: hextar hall, level 17, hextar centre, hextar tower, no. 8, jalan damansara, empire city, pju 8, damansara perdana, 47820 petaling jaya, selangor darul ehsan, Malaysia Annonce • Jan 28
Binasat Communications Berhad has completed a Follow-on Equity Offering in the amount of MYR 8.181868 million. Binasat Communications Berhad has completed a Follow-on Equity Offering in the amount of MYR 8.181868 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 15,829,500
Price\Range: MYR 0.165
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,000,000
Price\Range: MYR 0.235
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,000,000
Price\Range: MYR 0.25
Transaction Features: Subsequent Direct Listing Annonce • Jan 02
Jargon Investment Limited entered into a shares sale agreement to acquire 51% stake in Borderless Connection Sdn. Bhd. from Binasat Communications Berhad (KLSE:BINACOM) for MYR 5.9 million. Jargon Investment Limited entered into a shares sale agreement to acquire 51% stake in Borderless Connection Sdn. Bhd. from Binasat Communications Berhad (KLSE:BINACOM) for MYR 5.9 million on December 31, 2024. A cash consideration of MYR 5.92 million will be paid by Jargon Investment Limited. The proceeds of the sale are proposed to be used to fund the Group’s working capital requirement for its business including but not limited to, satellite, mobile and fibre optic telecommunications networks, as well as administrative and overhead expenses.
As of September 30, 2024, Borderless Connection Sdn. Bhd. reported total common equity of MYR 11.6 million.
The expected completion of the transaction is January 1, 2025 to March 31, 2025. The completion of the sale and purchase of the Sale Shares shall take place upon the signing of the Agreement, as the case may be, at the registered office of Borderless Connection Sdn. Bhd. New Risk • Nov 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. 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 Risk Earnings have declined by 23% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (5.9% increase in shares outstanding). Market cap is less than US$100m (RM88.4m market cap, or US$19.8m). New Risk • Jun 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.9% 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 23% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (5.9% increase in shares outstanding). Market cap is less than US$100m (RM113.1m market cap, or US$24.0m). Annonce • May 31
Binasat Communications Berhad Announces Resignation of Wong Youn Kim as Company Secretary Binasat Communications Berhad Announced resignation of Wong Youn Kim as Company Secretary. Date Of Change is 30 May 2024. Annonce • Apr 28
Binasat Communications Berhad, Annual General Meeting, Jun 28, 2024 Binasat Communications Berhad, Annual General Meeting, Jun 28, 2024, at 10:00 Singapore Standard Time. Agenda: To receive the Audited Financial Statements for the financial period ended 31 December 2023 together with the Reports of the Directors and Auditors thereon; to approve and ratify the payment of Directors' fees to the Non-Executive Directors of the Company up to an aggregate amount of RM144,000.00 for the period from 1 July 2023 to 31 March 2024; to approve the payment of Directors' fees to the Non-Executive Directors of the Company up to an aggregate amount of RM381,000.00 for the period from 1 April 2024 until the next Annual General Meeting of the Company and to consider other matters. New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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 Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (RM101.0m market cap, or US$21.5m). Reported Earnings • Sep 01
Full year 2023 earnings released: EPS: RM0.012 (vs RM0.014 in FY 2022) Full year 2023 results: EPS: RM0.012 (down from RM0.014 in FY 2022). Revenue: RM87.0m (up 4.2% from FY 2022). Net income: RM4.51m (down 6.1% from FY 2022). Profit margin: 5.2% (down from 5.8% in FY 2022). The decrease in margin was driven by higher expenses. 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 1% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 02
Third quarter 2023 earnings released: EPS: RM0.004 (vs RM0.004 in 3Q 2022) Third quarter 2023 results: EPS: RM0.004 (in line with 3Q 2022). Revenue: RM22.7m (down 8.8% from 3Q 2022). Net income: RM1.44m (down 5.5% from 3Q 2022). Profit margin: 6.3% (up from 6.1% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 04
Second quarter 2023 earnings released: EPS: RM0.004 (vs RM0.002 in 2Q 2022) Second quarter 2023 results: EPS: RM0.004 (up from RM0.002 in 2Q 2022). Revenue: RM24.9m (down 16% from 2Q 2022). Net income: RM1.55m (up 119% from 2Q 2022). Profit margin: 6.2% (up from 2.4% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 04
First quarter 2023 earnings released: EPS: RM0.004 (vs RM0.004 in 1Q 2022) First quarter 2023 results: EPS: RM0.004 (in line with 1Q 2022). Revenue: RM18.3m (up 31% from 1Q 2022). Net income: RM1.44m (up 39% from 1Q 2022). Profit margin: 7.9% (up from 7.4% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 6% per year. Board Change • Nov 16
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. No highly experienced directors. Independent Non-Executive Chairman Hak Cham was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Oct 29
Binasat Communications Berhad, Annual General Meeting, Nov 30, 2022 Binasat Communications Berhad, Annual General Meeting, Nov 30, 2022, at 10:00 Singapore Standard Time. Agenda: To consider Proposed Share Buy-Back Authority. Reported Earnings • Aug 30
Full year 2022 earnings released: EPS: RM0.014 (vs RM0.009 in FY 2021) Full year 2022 results: EPS: RM0.014 (up from RM0.009 in FY 2021). Revenue: RM83.5m (up 55% from FY 2021). Net income: RM4.80m (up 102% from FY 2021). Profit margin: 5.8% (up from 4.4% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • Jun 02
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: RM24.9m (up 146% from 3Q 2021). Net income: RM1.52m (up RM2.16m from 3Q 2021). Profit margin: 6.1% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
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. No highly experienced directors. Independent Non-Executive Chairman Hak Cham was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 03
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: RM0.002 (down from RM0.004 in 2Q 2021). Revenue: RM29.6m (up 127% from 2Q 2021). Net income: RM705.0k (down 42% from 2Q 2021). Profit margin: 2.4% (down from 9.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Annonce • Mar 01
Binasat Communications Berhad Appoints Janice Chan Mei Ling as Joint Secretary Binasat Communications Berhad announced the appointment of Janice Chan Mei Ling as Joint Secretary as Date Of Change is 28 Feb. 2022. Reported Earnings • Dec 01
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: RM0.004 (down from RM0.005 in 1Q 2021). Revenue: RM14.0m (up 7.6% from 1Q 2021). Net income: RM1.04m (down 15% from 1Q 2021). Profit margin: 7.4% (down from 9.4% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Board Change • Nov 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. No highly experienced directors. Independent Non-Executive Chairman Hak Cham was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Executive Departure • Oct 10
Executive Director Bon Na has left the company On the 1st of October, Bon Na's tenure as Executive Director ended after 4.3 years in the role. As of June 2021, Bon still personally held 50.82m shares (RM17m worth at the time). Bon is the only executive to leave the company over the last 12 months. Board Change • Oct 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. 6 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Hak Cham was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 01
Full year 2021 earnings released: EPS RM0.009 (vs RM0.011 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: RM53.8m (up 18% from FY 2020). Net income: RM2.38m (down 19% from FY 2020). Profit margin: 4.4% (down from 6.4% in FY 2020). The decrease in margin was driven by higher expenses. 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 8% per year, which means it has not declined as severely as earnings. Annonce • Jun 24
Binasat Communications Berhad signed a share sale agreement to acquire a 51% stake in Borderless Connection Sdn. Bhd. from Nik Abdul Hakim Bin Abd Razak and Mohd Solehuddin Bin Yahya for MYR 18.4 million. Binasat Communications Berhad (KLSE:BINACOM) entered into a share sale agreement to acquire a 51% interest in Borderless Connection Sdn. Bhd. from Nik Abdul Hakim Bin Abd Razak and Mohd Solehuddin Bin Yahya for MYR 18.4 million on June 23, 2021. The consideration of MYR 18.4 million is to be satisfied via a combination of MYR 5.4 million in cash and remaining consideration of MYR 13 million will satisfied via issuance of 37,142,856 shares, out of which 25,714,286 shares will be issued at completion and 11,428,570 shares will be issued at achieving certain milestones. Reported Earnings • May 29
Third quarter 2021 earnings released: RM0.002 loss per share (vs RM0.001 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings and control over costs, although revenues were flat. Third quarter 2021 results: Revenue: RM10.2m (flat on 3Q 2020). Net loss: RM640.0k (down RM775.0k from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 28
Second quarter 2021 earnings released: EPS RM0.004 (vs RM0.005 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: RM13.0m (up 6.3% from 2Q 2020). Net income: RM1.22m (down 6.3% from 2Q 2020). Profit margin: 9.4% (down from 11% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 64% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 10
New 90-day high: RM0.44 The company is up 29% from its price of RM0.34 on 12 November 2020. The Malaysian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Telecom industry, which is up 37% over the same period. Is New 90 Day High Low • Dec 31
New 90-day high: RM0.40 The company is up 27% from its price of RM0.32 on 02 October 2020. The Malaysian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 25% over the same period. Annonce • Dec 04
Binasat Communications Berhad has completed a Follow-on Equity Offering in the amount of MYR 6.801071 million. Binasat Communications Berhad has completed a Follow-on Equity Offering in the amount of MYR 6.801071 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 12,000,000
Price\Range: MYR 0.287
Security Name: Shares
Security Type: Common Stock
Securities Offered: 10,069,200
Price\Range: MYR 0.3334
Transaction Features: Subsequent Direct Listing Is New 90 Day High Low • Dec 03
New 90-day high: RM0.38 The company is up 1.0% from its price of RM0.38 on 04 September 2020. The Malaysian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 17% over the same period. Reported Earnings • Nov 28
First quarter 2021 earnings released: EPS RM0.005 The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: RM13.0m (up 12% from 1Q 2020). Net income: RM1.23m (up 9.7% from 1Q 2020). Profit margin: 9.4% (in line with 1Q 2020). Is New 90 Day High Low • Oct 30
New 90-day low: RM0.29 The company is down 20% from its price of RM0.37 on 30 July 2020. The Malaysian market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 9.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: RM0.36 The company is down 9.0% from its price of RM0.40 on 24 June 2020. The Malaysian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 6.0% over the same period.