Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to RM1.13, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 10x in the Metals and Mining industry in Malaysia. Total returns to shareholders of 41% over the past three years. Board Change • Jun 02
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. Executive Chairman of the Board Yook Yuen Lim 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 • Apr 28
Full year 2025 earnings: EPS in line with analyst expectations despite revenue beat Full year 2025 results: EPS: RM0.029 (up from RM0.009 in FY 2024). Revenue: RM160.2m (up 47% from FY 2024). Net income: RM14.2m (up 222% from FY 2024). Profit margin: 8.8% (up from 4.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Metals and Mining industry in Malaysia. Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat. Annuncio • Apr 22
Coraza Integrated Technology Berhad, Annual General Meeting, May 22, 2026 Coraza Integrated Technology Berhad, Annual General Meeting, May 22, 2026, at 11:00 Singapore Standard Time. Location: room angsana, level 3, eastin hotel, 1, queensbay, solok bayan indah, 11900 bayan lepas, pulau pinang, Malaysia Reported Earnings • Feb 25
Full year 2025 earnings released: EPS: RM0.029 (vs RM0.009 in FY 2024) Full year 2025 results: EPS: RM0.029 (up from RM0.009 in FY 2024). Revenue: RM160.2m (up 47% from FY 2024). Net income: RM14.2m (up 222% from FY 2024). Profit margin: 8.8% (up from 4.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Metals and Mining industry in Malaysia. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Annuncio • Jan 23
Coraza Integrated Technology Berhad Announces Resignation of Chong Kent Dee as Chief Financial Officer, Effective January 23, 2026 Coraza Integrated Technology Berhad announced the resignation of Mr. Chong Kent Dee from the position of Chief Financial Officer. Mr. Chong Kent Dee is 45 years old, male, and Malaysian. The reason for his resignation is to pursue other opportunities. The effective date of the resignation is January 23, 2026. New Risk • Dec 05
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 7.9% 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 Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (RM281.7m market cap, or US$68.5m). Reported Earnings • Nov 26
Third quarter 2025 earnings released: EPS: RM0.007 (vs RM0 in 3Q 2024) Third quarter 2025 results: EPS: RM0.007 (up from RM0 in 3Q 2024). Revenue: RM39.9m (up 26% from 3Q 2024). Net income: RM3.54m (up RM3.44m from 3Q 2024). Profit margin: 8.9% (up from 0.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Metals and Mining industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 27% 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. Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: RM0.007 (vs RM0.001 loss in 2Q 2024) Second quarter 2025 results: EPS: RM0.007 (up from RM0.001 loss in 2Q 2024). Revenue: RM42.5m (up 95% from 2Q 2024). Net income: RM3.20m (up RM3.59m from 2Q 2024). Profit margin: 7.5% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Metals and Mining industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 54% 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. Major Estimate Revision • May 30
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from RM140.2m to RM136.9m. EPS estimate also fell from RM0.03 per share to RM0.027 per share. Net income forecast to grow 75% next year vs 34% growth forecast for Metals and Mining industry in Malaysia. Consensus price target up from RM0.60 to RM0.66. Share price fell 8.6% to RM0.48 over the past week. Price Target Changed • May 27
Price target increased by 11% to RM0.66 Up from RM0.60, the current price target is an average from 3 analysts. New target price is 37% above last closing price of RM0.48. Stock is down 14% over the past year. The company is forecast to post earnings per share of RM0.027 for next year compared to RM0.0089 last year. Reported Earnings • Apr 29
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: RM0.009 (up from RM0.006 loss in FY 2023). Revenue: RM109.0m (up 35% from FY 2023). Net income: RM4.39m (up RM7.06m from FY 2023). Profit margin: 4.0% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 9.4%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Metals and Mining industry in Malaysia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Price Target Changed • Apr 24
Price target decreased by 7.3% to RM0.60 Down from RM0.64, the current price target is an average from 3 analysts. New target price is 40% above last closing price of RM0.42. Stock is down 24% over the past year. The company is forecast to post earnings per share of RM0.03 for next year compared to RM0.0089 last year. Annuncio • Apr 23
Coraza Integrated Technology Berhad, Annual General Meeting, May 23, 2025 Coraza Integrated Technology Berhad, Annual General Meeting, May 23, 2025, at 11:00 Singapore Standard Time. Location: room angsana, level 3, eastin hotel, 1, queensbay, solok bayan indah, 11900 bayan lepas, pulau pinang, Malaysia New Risk • Apr 07
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 11% 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 Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Market cap is less than US$100m (RM177.9m market cap, or US$39.7m). Price Target Changed • Mar 01
Price target increased by 9.7% to RM0.64 Up from RM0.59, the current price target is an average from 3 analysts. New target price is 19% above last closing price of RM0.54. Stock is up 27% over the past year. The company is forecast to post earnings per share of RM0.03 for next year compared to RM0.0089 last year. New Risk • Nov 27
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 12% 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 Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Market cap is less than US$100m (RM239.4m market cap, or US$53.9m). Reported Earnings • Nov 27
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: RM31.8m (up 103% from 3Q 2023). Net income: RM101.0k (up RM1.90m from 3Q 2023). Profit margin: 0.3% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Metals and Mining industry in Malaysia. Price Target Changed • Aug 23
Price target decreased by 16% to RM0.58 Down from RM0.68, the current price target is an average from 3 analysts. New target price is 33% above last closing price of RM0.43. Stock is down 33% over the past year. The company is forecast to post earnings per share of RM0.013 next year compared to a net loss per share of RM0.0059 last year. Reported Earnings • Aug 23
Second quarter 2024 earnings released: RM0.001 loss per share (vs RM0.002 profit in 2Q 2023) Second quarter 2024 results: RM0.001 loss per share (down from RM0.002 profit in 2Q 2023). Revenue: RM21.8m (up 4.1% from 2Q 2023). Net loss: RM394.0k (down 141% from profit in 2Q 2023). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Metals and Mining industry in Malaysia. Price Target Changed • May 18
Price target increased by 7.3% to RM0.68 Up from RM0.64, the current price target is an average from 3 analysts. New target price is 21% above last closing price of RM0.56. Stock is down 30% over the past year. The company is forecast to post earnings per share of RM0.018 next year compared to a net loss per share of RM0.0059 last year. Reported Earnings • Apr 21
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: RM0.006 loss per share (down from RM0.034 profit in FY 2022). Revenue: RM80.7m (down 44% from FY 2022). Net loss: RM2.67m (down 118% from profit in FY 2022). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 195%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Metals and Mining industry in Malaysia. Annuncio • Apr 17
Coraza Integrated Technology Berhad, Annual General Meeting, May 16, 2024 Coraza Integrated Technology Berhad, Annual General Meeting, May 16, 2024, at 11:00 China Standard Time. Location: Room Angsana, Level 3, Eastin Hotel, 1, Solok Bayan Indah, Queensbay, 11900 Bayan Lepas Pulau Pinang Malaysia Agenda: To receive the Audited Financial Statements of the Company for the financial year ended 31 December 2023 together with the Reports of the DirectorsPlease refer to the and Auditors thereon; to approve the additional payment of Directors's benefits; to approve the payment of Directors's fees and Directors' benefits; to reelect directors; to re-appoint Messrs Grant Thornton Malaysia PLT as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Directors to fix their remuneration; to consider the authority to issue shares; and to transact any other business of which due notices shall have been given in accordance with the Act. Reported Earnings • Mar 01
Full year 2023 earnings released: RM0.006 loss per share (vs RM0.034 profit in FY 2022) Full year 2023 results: RM0.006 loss per share (down from RM0.034 profit in FY 2022). Revenue: RM80.7m (down 44% from FY 2022). Net loss: RM2.67m (down 118% from profit in FY 2022). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Metals and Mining industry in Malaysia. New Risk • Feb 22
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 9.1% 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 Share price has been volatile over the past 3 months (9.1% average weekly change). Profit margins are more than 30% lower than last year (5.1% net profit margin). Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (RM254.2m market cap, or US$53.2m). Buy Or Sell Opportunity • Feb 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to RM0.44. The fair value is estimated to be RM0.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has declined by 5.9%. Revenue is forecast to grow by 54% in 2 years. Earnings are forecast to grow by 246% in the next 2 years. Buy Or Sell Opportunity • Jan 31
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 27% to RM0.41. The fair value is estimated to be RM0.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has declined by 5.9%. Revenue is forecast to grow by 54% in 2 years. Earnings are forecast to grow by 246% in the next 2 years. Buying Opportunity • Jan 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be RM0.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has declined by 5.9%. Revenue is forecast to grow by 54% in 2 years. Earnings is forecast to grow by 246% in the next 2 years. Reported Earnings • Nov 30
Third quarter 2023 earnings released: RM0.004 loss per share (vs RM0.01 profit in 3Q 2022) Third quarter 2023 results: RM0.004 loss per share (down from RM0.01 profit in 3Q 2022). Revenue: RM15.7m (down 59% from 3Q 2022). Net loss: RM1.80m (down 144% from profit in 3Q 2022). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Metals and Mining industry in Malaysia. Price Target Changed • Nov 30
Price target decreased by 11% to RM0.74 Down from RM0.83, the current price target is an average from 3 analysts. New target price is 59% above last closing price of RM0.47. Stock is down 41% over the past year. The company is forecast to post earnings per share of RM0.016 for next year compared to RM0.034 last year. Major Estimate Revision • Nov 17
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from RM108.8m to RM106.8m. EPS estimate also fell from RM0.017 per share to RM0.014 per share. Net income forecast to grow 5.2% next year vs 31% growth forecast for Metals and Mining industry in Malaysia. Consensus price target down from RM0.86 to RM0.83. Share price was steady at RM0.57 over the past week. New Risk • Sep 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% 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: Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (RM325.8m market cap, or US$69.7m). Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: RM0.002 (vs RM0.01 in 2Q 2022) Second quarter 2023 results: EPS: RM0.002 (down from RM0.01 in 2Q 2022). Revenue: RM20.9m (down 40% from 2Q 2022). Net income: RM966.0k (down 77% from 2Q 2022). Profit margin: 4.6% (down from 12% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Metals and Mining industry in Malaysia. Major Estimate Revision • Aug 16
Consensus revenue estimates decrease by 11% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from RM121.8m to RM108.8m. EPS estimate unchanged from RM0.021 per share at last update. Metals and Mining industry in Malaysia expected to see average net income growth of 101% next year. Consensus price target down from RM0.90 to RM0.86. Share price rose 3.0% to RM0.69 over the past week. Price Target Changed • Aug 15
Price target decreased by 7.3% to RM0.86 Down from RM0.93, the current price target is an average from 3 analysts. New target price is 26% above last closing price of RM0.69. Stock is down 16% over the past year. The company is forecast to post earnings per share of RM0.021 for next year compared to RM0.034 last year. Major Estimate Revision • Jun 02
Consensus revenue estimates fall by 21% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from RM154.2m to RM121.8m. EPS estimate fell from RM0.042 to RM0.021 per share. Net income forecast to shrink 13% next year vs 35% growth forecast for Metals and Mining industry in Malaysia . Consensus price target down from RM0.93 to RM0.90. Share price rose 3.8% to RM0.81 over the past week. Reported Earnings • May 30
First quarter 2023 earnings released: EPS: RM0.004 (vs RM0.005 in 1Q 2022) First quarter 2023 results: EPS: RM0.004 (down from RM0.005 in 1Q 2022). Revenue: RM28.3m (down 17% from 1Q 2022). Net income: RM1.72m (down 22% from 1Q 2022). Profit margin: 6.1% (down from 6.4% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Metals and Mining industry in Malaysia. Annuncio • May 27
Coraza Integrated Technology Berhad Appoints Lim Yook Yuen as Executive Chairman Coraza Integrated Technology Berhad announced the appointment of Mr. Lim Yook Yuen, age 66, as Executive Chairman of the company. The date of change is May 26, 2023. Qualifications: Mr. Lim Yook Yuen has Degree in B.Sc Physics from National University of Singapore, and Professional Qualification in American Production Inventory Control Systems (APICS), USA. Mr. Lim has an impressive almost 40 years of experience in the Electronics and Electrical sector. He began his career at Advanced Micro Devices Sdn. Bhd. as a Test Equipment Engineer and gradually advanced through multiple roles, including Test Burn-in Engineer, Senior Product Engineer, Test Engineering Manager, Test Operations Manager, and ultimately Test Operations Director. Afterward, he assumed the position of General Manager of Penang Operations at Natsteel Electronics (S) Ltd, followed by his tenure as the Vice President of Malaysia Operations at Sanmina-SCI Systems (M) Sdn. Bhd. Subsequently, he undertook a short-term contract assignment at Startronics (Melbourne), Australia, where he served as the General Manager of Melbourne Operations, tasked with improving operational efficiency. Continuing his professional journey, he joined Plexus Manufacturing Sdn Bhd, where he held various leadership positions on a APAC regional scale. These included serving as the General Manager of Xiamen, Vice President of Plexus China Operations, and Vice President of Plexus South East Asia Operations, overseeing operations across Southeast Asia before retired in 2021. Price Target Changed • May 15
Price target decreased by 7.6% to RM0.93 Down from RM1.01, the current price target is an average from 3 analysts. New target price is 22% above last closing price of RM0.77. Stock is up 17% over the past year. The company is forecast to post earnings per share of RM0.044 for next year compared to RM0.034 last year. Annuncio • May 11
Coraza Integrated Technology Berhad Retires Mr. Ng Fook San as Executive Chairman Coraza Integrated Technology Berhad retired MR NG FOOK SAN as Executive Chairman. Date of change: 10 May 2023. Age 72. Gender Male. Nationality: Malaysia. Reported Earnings • Apr 15
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: RM0.034. Revenue: RM143.3m (up 35% from FY 2021). Net income: RM14.7m (up 14% from FY 2021). Profit margin: 10% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.4%. Earnings per share (EPS) missed analyst estimates by 7.3%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Metals and Mining industry in Malaysia. Reported Earnings • Mar 04
Full year 2022 earnings released: EPS: RM0.034 (vs RM0.041 in FY 2021) Full year 2022 results: EPS: RM0.034. Revenue: RM143.3m (up 35% from FY 2021). Net income: RM14.7m (up 14% from FY 2021). Profit margin: 10% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Metals and Mining industry in Malaysia. Price Target Changed • Mar 01
Price target increased by 11% to RM1.04 Up from RM0.94, the current price target is an average from 3 analysts. New target price is 6.3% above last closing price of RM0.98. Stock is up 33% over the past year. The company is forecast to post earnings per share of RM0.037 for next year compared to RM0.041 last year. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to RM1.10, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 10x in the Metals and Mining industry in Malaysia. Total returns to shareholders of 36% over the past year. Reported Earnings • Nov 26
Third quarter 2022 earnings released: EPS: RM0.01 (vs RM0.008 in 3Q 2021) Third quarter 2022 results: EPS: RM0.01 (up from RM0.008 in 3Q 2021). Revenue: RM38.6m (up 37% from 3Q 2021). Net income: RM4.09m (up 16% from 3Q 2021). Profit margin: 11% (down from 13% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Metals and Mining industry in Malaysia. Board Change • Nov 16
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. No experienced directors. No highly experienced directors. MD, Head of Sales and Marketing & Executive Director Teik Lim is the most experienced director on the board, commencing their role in 2020. 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 • Aug 26
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: RM34.5m (up 60% from 2Q 2021). Net income: RM4.18m (up 54% from 2Q 2021). Profit margin: 12% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 9.1%, compared to a 14% growth forecast for the Metals and Mining industry in Malaysia. Reported Earnings • May 30
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: RM0.005. Revenue: RM34.3m (up 59% from 1Q 2021). Net income: RM2.20m (down 19% from 1Q 2021). Profit margin: 6.4% (down from 13% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 43%. Over the next year, revenue is forecast to grow 7.7%, compared to a 32% growth forecast for the industry in Malaysia. 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. No experienced directors. No highly experienced directors. MD & Head of Sales and Marketing Teik Lim is the most experienced director on the board, commencing their role in 2020. 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 • Feb 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: RM0.041. Revenue: RM106.1m (up 27% from FY 2020). Net income: RM12.8m (up 60% from FY 2020). Profit margin: 12% (up from 9.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 2.9% compared to a 39% growth forecast for the mining industry in Malaysia. Board Change • Jan 20
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. No experienced directors. No highly experienced directors. MD & Head of Sales and Marketing Teik Lim is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.