New Risk • May 28
New major risk - Revenue and earnings growth Earnings have declined by 10% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-RM4.8m free cash flow). Earnings have declined by 10% per year over the past 5 years. Minor Risk Market cap is less than US$100m (RM126.6m market cap, or US$31.9m). Reported Earnings • May 28
First quarter 2026 earnings released: EPS: RM0.002 (vs RM0.002 loss in 1Q 2025) First quarter 2026 results: EPS: RM0.002 (up from RM0.002 loss in 1Q 2025). Revenue: RM9.51m (up 433% from 1Q 2025). Net income: RM1.05m (up RM1.82m from 1Q 2025). Profit margin: 11% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 123 percentage points per year, which is a significant difference in performance. Annuncio • Apr 24
FSBM Holdings Berhad, Annual General Meeting, Jun 26, 2026 FSBM Holdings Berhad, Annual General Meeting, Jun 26, 2026, at 15:00 Singapore Standard Time. Location: ringgit room 3, level 2, st. regis kuala lumpur, no. 6, jalan stesen sentral 2, kuala lumpur sentral, 50470 kuala lumpur, w. p. kuala lumpur, Malaysia Reported Earnings • Mar 02
Full year 2025 earnings released: RM0.026 loss per share (vs RM0.002 profit in FY 2024) Full year 2025 results: RM0.026 loss per share (down from RM0.002 profit in FY 2024). Revenue: RM12.2m (down 29% from FY 2024). Net loss: RM13.4m (down RM14.4m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance. Annuncio • Dec 23
FSBM Holdings Berhad has filed a Follow-on Equity Offering in the amount of MYR 9.281167 million. FSBM Holdings Berhad has filed a Follow-on Equity Offering in the amount of MYR 9.281167 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 51,562,037
Price\Range: MYR 0.18
Transaction Features: Subsequent Direct Listing Reported Earnings • Nov 29
Third quarter 2025 earnings released: RM0.004 loss per share (vs RM0.002 loss in 3Q 2024) Third quarter 2025 results: RM0.004 loss per share (further deteriorated from RM0.002 loss in 3Q 2024). Revenue: RM2.48m (down 51% from 3Q 2024). Net loss: RM2.05m (loss widened 88% from 3Q 2024). 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 9% per year, which means it has not declined as severely as earnings. New Risk • Nov 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Revenue is less than US$5m (RM15m revenue, or US$3.7m). Market cap is less than US$100m (RM103.1m market cap, or US$25.0m). Reported Earnings • Aug 28
Second quarter 2025 earnings released: RM0.001 loss per share (vs RM0 in 2Q 2024) Second quarter 2025 results: RM0.001 loss per share (further deteriorated from RM0 in 2Q 2024). Revenue: RM3.56m (up 3.2% from 2Q 2024). Net loss: RM780.0k (down 468% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 03
First quarter 2025 earnings released: RM0.001 loss per share (vs RM0.001 profit in 1Q 2024) First quarter 2025 results: RM0.001 loss per share (down from RM0.001 profit in 1Q 2024). Revenue: RM1.79m (down 54% from 1Q 2024). Net loss: RM771.0k (down 218% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annuncio • Apr 29
FSBM Holdings Berhad, Annual General Meeting, Jun 20, 2025 FSBM Holdings Berhad, Annual General Meeting, Jun 20, 2025, at 10:30 Singapore Standard Time. Location: stateroom 3, level g, m world hotel, no. 1, persiaran bandar utama, bandar utama, 47800 petaling jaya, selangor darul ehsan, Malaysia Reported Earnings • Mar 02
Full year 2024 earnings released: EPS: RM0 (vs RM0.008 in FY 2023) Full year 2024 results: EPS: RM0 (down from RM0.008 in FY 2023). Revenue: RM17.2m (up 34% from FY 2023). Net loss: RM257.0k (down 113% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. New Risk • Nov 28
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: 6.3% Last year net profit margin: 22% 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: Major Risk High level of non-cash earnings (59% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (6.3% net profit margin). Shareholders have been diluted in the past year (7.2% increase in shares outstanding). Revenue is less than US$5m (RM16m revenue, or US$3.6m). Market cap is less than US$100m (RM117.3m market cap, or US$26.4m). Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: RM0 (vs RM0.001 in 2Q 2023) Second quarter 2024 results: EPS: RM0 (down from RM0.001 in 2Q 2023). Revenue: RM3.45m (down 2.7% from 2Q 2023). Net income: RM212.0k (down 6.2% from 2Q 2023). Profit margin: 6.1% (down from 6.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annuncio • Jul 24
Dato’ Tan Hock San and Tan Ee Ern acquired Asian Technology Resources Sdn Bhd from FSBM Holdings Berhad (KLSE:FSBM) for MYR 3. Dato’ Tan Hock San and Tan Ee Ern acquired Asian Technology Resources Sdn Bhd from FSBM Holdings Berhad (KLSE:FSBM) for MYR 3 on July 23, 2024. A cash consideration will be paid by the buyer.
Dato’ Tan Hock San and Tan Ee Ern completed the acquisition of Asian Technology Resources Sdn Bhd from FSBM Holdings Berhad (KLSE:FSBM) on July 23, 2024. New Risk • Jun 14
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 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (44% accrual ratio). Shareholders have been substantially diluted in the past year (176% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Profit margins are more than 30% lower than last year (17% net profit margin). Revenue is less than US$5m (RM14m revenue, or US$2.9m). Market cap is less than US$100m (RM187.4m market cap, or US$39.7m). Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: RM0.001 (vs RM0.001 in 1Q 2023) First quarter 2024 results: EPS: RM0.001 (in line with 1Q 2023). Revenue: RM3.88m (up 25% from 1Q 2023). Net income: RM654.0k (up 201% from 1Q 2023). Profit margin: 17% (up from 7.0% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Annuncio • May 29
FSBM Holdings Berhad Announces Redesignation of Pang Kiew Kun to Managing Director from Executive Director FSBM Holdings Berhad announced the redesignation of Mr. Pang Kiew Kun, aged 51, to Managing Director from Executive Director, effective May 27, 2024. Annuncio • May 01
FSBM Holdings Berhad, Annual General Meeting, Jun 25, 2024 FSBM Holdings Berhad, Annual General Meeting, Jun 25, 2024, at 10:30 Singapore Standard Time. Location: Strive Room, Level M3, VE Hotel & Residence, Bangsar South City, No. 8, Jalan Kerinchi, Kuala Lumpur Malaysia Agenda: To receive the Audited Financial Statements of the Company for the financial year ended 31 December Explanatory 2023 and the Reports of the Directors and Auditors thereon; to approve payment of Directors' fees amounting to RM208,000 for the financial year ended 31 December 2023; to re-elect the Directors who retire by rotation in accordance with Clause 97 of the Company's Constitution; to re-appoint Messrs. Moore Stephens Associates PLT as the Company's Auditors for the ensuing financial year and to authorize the Directors to fix their remuneration; and to consider other matters. Reported Earnings • Mar 02
Full year 2023 earnings released: EPS: RM0.008 (vs RM0.027 in FY 2022) Full year 2023 results: EPS: RM0.008 (down from RM0.027 in FY 2022). Revenue: RM12.8m (up 2.6% from FY 2022). Net income: RM1.94m (down 56% from FY 2022). Profit margin: 15% (down from 35% 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 48% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 29
Third quarter 2023 earnings released: EPS: RM0.001 (vs RM0.005 in 3Q 2022) Third quarter 2023 results: EPS: RM0.001 (down from RM0.005 in 3Q 2022). Revenue: RM2.60m (down 26% from 3Q 2022). Net income: RM247.0k (down 71% from 3Q 2022). Profit margin: 9.5% (down from 24% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 168% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). High level of non-cash earnings (112% accrual ratio). Shareholders have been substantially diluted in the past year (168% increase in shares outstanding). Minor Risks Revenue is less than US$5m (RM14m revenue, or US$3.0m). Market cap is less than US$100m (RM108.9m market cap, or US$23.1m). New Risk • Aug 18
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 112% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (112% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (34% increase in shares outstanding). Revenue is less than US$5m (RM14m revenue, or US$3.1m). Market cap is less than US$100m (RM79.3m market cap, or US$17.1m). Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: RM0.001 (vs RM0.004 in 2Q 2022) Second quarter 2023 results: EPS: RM0.001 (down from RM0.004 in 2Q 2022). Revenue: RM3.54m (up 19% from 2Q 2022). Net income: RM226.0k (down 70% from 2Q 2022). Profit margin: 6.4% (down from 25% in 2Q 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 whereas the company’s share price has increased by 16% per year. New Risk • Aug 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 34% 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 Share price has been volatile over the past 3 months (7.4% average weekly change). Shareholders have been diluted in the past year (34% increase in shares outstanding). Revenue is less than US$5m (RM14m revenue, or US$3.0m). Market cap is less than US$100m (RM65.1m market cap, or US$14.2m). Reported Earnings • May 30
First quarter 2023 earnings released: EPS: RM0.001 (vs RM0.004 in 1Q 2022) First quarter 2023 results: EPS: RM0.001 (down from RM0.004 in 1Q 2022). Revenue: RM3.11m (up 64% from 1Q 2022). Net income: RM217.0k (down 63% from 1Q 2022). Profit margin: 7.0% (down from 31% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 45% per year, which means it is well ahead of earnings. Reported Earnings • Mar 03
Full year 2022 earnings released: EPS: RM0.03 (vs RM0.067 loss in FY 2021) Full year 2022 results: EPS: RM0.03 (up from RM0.067 loss in FY 2021). Revenue: RM12.5m (up RM12.1m from FY 2021). Net income: RM4.45m (up RM13.8m from FY 2021). Profit margin: 36% (up from net loss in FY 2021). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 53% per year, which means it is well ahead of earnings. Board Change • Jan 05
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Executive Director Wan Tan is the most experienced director on the board, commencing their role in 2008. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 18
Third quarter 2022 earnings released: EPS: RM0.005 (vs RM0 in 3Q 2021) Third quarter 2022 results: EPS: RM0.005 (up from RM0 in 3Q 2021). Revenue: RM3.51m (up RM3.48m from 3Q 2021). Net income: RM852.0k (up RM881.0k from 3Q 2021). Profit margin: 24% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Reported Earnings • Sep 01
Second quarter 2022 earnings released: EPS: RM0.005 (vs RM0.003 loss in 2Q 2021) Second quarter 2022 results: EPS: RM0.005 (up from RM0.003 loss in 2Q 2021). Revenue: RM2.99m (up RM2.96m from 2Q 2021). Net income: RM742.0k (up RM1.10m from 2Q 2021). Profit margin: 25% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Reported Earnings • May 18
First quarter 2022 earnings released: EPS: RM0.004 (vs RM0 in 1Q 2021) First quarter 2022 results: EPS: RM0.004 (up from RM0 in 1Q 2021). Revenue: RM1.89m (up RM1.86m from 1Q 2021). Net income: RM585.0k (up RM621.0k from 1Q 2021). Profit margin: 31% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Reported Earnings • Apr 17
Full year 2021 earnings released: RM0.067 loss per share (vs RM0.005 loss in FY 2020) Full year 2021 results: RM0.067 loss per share (down from RM0.005 loss in FY 2020). Revenue: RM405.0k (up 216% from FY 2020). Net loss: RM9.33m (loss widened RM8.64m from FY 2020). Annuncio • Apr 15
FSBM Holdings Berhad, Annual General Meeting, May 20, 2022 FSBM Holdings Berhad, Annual General Meeting, May 20, 2022, at 10:30 Singapore Standard Time. Location: Function Rooms, Level M3, VE Hotel & Residence, Bangsar South City, No.8, Jalan Kerinchi, 59200 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur WP Kuala Lumpur Malaysia Agenda: To consider re-election of Dato' Tan Hock San @ Tan Hock Ming as Director; to consider re-election Mr Pang Kiew Kun as Director; to consider re-election Mr Mok Kar Foo as Director; to consider re-election Mr Tey Giap Turn as Director re-appointment of Messrs. Moore Stephens Associates PLT as the company's Auditors for the ensuing financial year and to authorise the Directors to fix their remuneration; and to consider renewal of Authority for Directors to issue shares. Reported Earnings • Mar 02
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: RM0.065 loss per share (down from RM0.005 loss in FY 2020). Revenue: RM393.0k (up 207% from FY 2020). Net loss: RM9.19m (loss widened RM8.51m from FY 2020). Revenue was in line with analyst estimates. Reported Earnings • Oct 01
First half 2021 earnings released: RM0.003 loss per share (vs RM0.003 loss in 1H 2020) First half 2021 results: Net loss: RM397.0k (loss narrowed 12% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 02
First quarter 2021 earnings released First quarter 2021 results: Net loss: RM36.0k (loss narrowed 88% from 1Q 2020). 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 10% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 27
Full year 2020 earnings released: RM0.005 loss per share (vs RM0.004 loss in FY 2019) Full year 2020 results: Net loss: RM675.0k (loss widened 7.8% from FY 2019). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 01
Third quarter 2020 earnings released: RM0.001 loss per share Third quarter 2020 results: Net loss: RM174.0k (loss widened 228% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.