Annuncio • Apr 29
NationGate Holdings Berhad, Annual General Meeting, May 28, 2026 NationGate Holdings Berhad, Annual General Meeting, May 28, 2026, at 11:00 Singapore Standard Time. Location: the light 1, level 1, the light hotel penang, lebuh tenggiri 2, 13700 seberang jaya, pulau pinang, Malaysia New Risk • Mar 25
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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (198% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.6% net profit margin). Buy Or Sell Opportunity • Mar 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 32% to RM0.64. The fair value is estimated to be RM0.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 89% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to decline by 3.6% per annum. Earnings are forecast to grow by 7.2% per annum over the same time period. Major Estimate Revision • Mar 04
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from RM7.10b to RM6.29b. EPS estimate fell from RM0.064 to RM0.044 per share. Net income forecast to shrink 20% next year vs 20% growth forecast for Electronic industry in Malaysia . Consensus price target down from RM1.47 to RM1.34. Share price fell 33% to RM0.68 over the past week. New Risk • Mar 02
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (198% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.0% average weekly change). Profit margins are more than 30% lower than last year (1.6% net profit margin). Price Target Changed • Feb 27
Price target decreased by 9.0% to RM1.34 Down from RM1.47, the current price target is an average from 5 analysts. New target price is 55% above last closing price of RM0.86. Stock is down 53% over the past year. The company is forecast to post earnings per share of RM0.042 for next year compared to RM0.055 last year. Reported Earnings • Feb 26
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: RM0.055 (down from RM0.074 in FY 2024). Revenue: RM7.61b (up 44% from FY 2024). Net income: RM125.1m (down 22% from FY 2024). Profit margin: 1.6% (down from 3.0% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 10%. Revenue is expected to decline by 5.5% p.a. on average during the next 2 years, while revenues in the Electronic industry in Malaysia are expected to grow by 9.4%. 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 15% per year, which means it is significantly lagging earnings. New Risk • Jan 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 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: Major Risks Earnings are forecast to decline by an average of 6.0% per year for the foreseeable future. High level of non-cash earnings (102% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Profit margins are more than 30% lower than last year (1.9% net profit margin). Major Estimate Revision • Dec 03
Consensus EPS estimates fall by 17%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from RM7.28b to RM7.75b. EPS estimate fell from RM0.074 to RM0.061 per share. Net income forecast to shrink 22% next year vs 20% growth forecast for Electronic industry in Malaysia . Consensus price target down from RM1.91 to RM1.47. Share price fell 3.5% to RM0.96 over the past week. New Risk • Nov 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.3% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Earnings are forecast to decline by an average of 3.3% per year for the foreseeable future. High level of non-cash earnings (102% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (1.9% net profit margin). Declared Dividend • Nov 28
Third quarter dividend of RM0.0025 announced Shareholders will receive a dividend of RM0.0025. Ex-date: 9th December 2025 Payment date: 23rd December 2025 Dividend yield will be 2.0%, which is lower than the industry average of 2.3%. Reported Earnings • Nov 27
Third quarter 2025 earnings released: EPS: RM0.006 (vs RM0.02 in 3Q 2024) Third quarter 2025 results: EPS: RM0.006 (down from RM0.02 in 3Q 2024). Revenue: RM965.4m (down 29% from 3Q 2024). Net income: RM12.7m (down 73% from 3Q 2024). Profit margin: 1.3% (down from 3.4% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 5.9% p.a. on average during the next 3 years, while revenues in the Electronic industry in Malaysia are expected to grow by 9.2%. Buy Or Sell Opportunity • Nov 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to RM1.15. The fair value is estimated to be RM1.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 97% over the last 3 years. Earnings per share has declined by 154%. Revenue is forecast to decline by 24% in 2 years. Earnings are forecast to decline by 5.8% in the next 2 years. Buy Or Sell Opportunity • Oct 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to RM1.14. The fair value is estimated to be RM1.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 97% over the last 3 years. Earnings per share has declined by 154%. Revenue is forecast to decline by 21% in 2 years. Earnings are forecast to decline by 5.8% in the next 2 years. Major Estimate Revision • Sep 03
Consensus revenue estimates increase by 16%, EPS downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from RM6.72b to RM7.82b. EPS estimate fell from RM0.09 to RM0.073. Net income forecast to shrink 16% next year vs 23% growth forecast for Electronic industry in Malaysia . Consensus price target down from RM2.43 to RM2.09. Share price fell 8.6% to RM1.28 over the past week. Price Target Changed • Aug 29
Price target decreased by 9.1% to RM2.21 Down from RM2.43, the current price target is an average from 5 analysts. New target price is 70% above last closing price of RM1.30. Stock is down 32% over the past year. The company is forecast to post earnings per share of RM0.073 for next year compared to RM0.074 last year. Reported Earnings • Aug 29
Second quarter 2025 earnings released: EPS: RM0.023 (vs RM0.014 in 2Q 2024) Second quarter 2025 results: EPS: RM0.023 (up from RM0.014 in 2Q 2024). Revenue: RM2.60b (up 283% from 2Q 2024). Net income: RM52.2m (up 83% from 2Q 2024). Profit margin: 2.0% (down from 4.2% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 9.9% growth forecast for the Electronic industry in Malaysia. Declared Dividend • Aug 29
Second quarter dividend of RM0.0025 announced Shareholders will receive a dividend of RM0.0025. Ex-date: 12th September 2025 Payment date: 29th September 2025 Dividend yield will be 1.5%, which is lower than the industry average of 2.3%. Declared Dividend • Jun 27
Dividend of RM0.0025 announced Shareholders will receive a dividend of RM0.0025. Ex-date: 10th July 2025 Payment date: 23rd July 2025 Dividend yield will be 1.2%, which is lower than the industry average of 2.3%. New Risk • May 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 68% 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 Risks Share price has been highly volatile over the past 3 months (15% average weekly change). High level of non-cash earnings (68% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (2.4% net profit margin). Reported Earnings • May 04
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: RM0.07 (up from RM0.03 in FY 2023). Revenue: RM5.27b (up RM4.63b from FY 2023). Net income: RM160.2m (up 163% from FY 2023). Profit margin: 3.0% (down from 9.5% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 38%. Earnings per share (EPS) also surpassed analyst estimates by 41%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Malaysia. Valuation Update With 7 Day Price Move • May 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to RM1.36, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Electronic industry in Malaysia. Total loss to shareholders of 22% over the past year. Annuncio • Apr 30
NationGate Holdings Berhad, Annual General Meeting, May 29, 2025 NationGate Holdings Berhad, Annual General Meeting, May 29, 2025, at 11:00 Singapore Standard Time. Location: straits 1, level 9, crowne plaza penang straits city, jalan bagan luar, bandar selat, 12000 butterworth, pulau pinang, Malaysia Price Target Changed • Apr 14
Price target decreased by 12% to RM2.34 Down from RM2.65, the current price target is an average from 5 analysts. New target price is 87% above last closing price of RM1.25. Stock is down 22% over the past year. The company is forecast to post earnings per share of RM0.093 for next year compared to RM0.07 last year. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to RM1.07, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Electronic industry in Malaysia. Total loss to shareholders of 31% over the past year. Simply Wall St's valuation model estimates the intrinsic value at RM0.46 per share. Upcoming Dividend • Mar 28
Upcoming dividend of RM0.013 per share Eligible shareholders must have bought the stock before 04 April 2025. Payment date: 18 April 2025. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Malaysian dividend payers (5.4%). Lower than average of industry peers (2.2%). Price Target Changed • Mar 17
Price target decreased by 12% to RM2.47 Down from RM2.81, the current price target is an average from 5 analysts. New target price is 83% above last closing price of RM1.35. Stock is down 1.5% over the past year. The company is forecast to post earnings per share of RM0.095 for next year compared to RM0.07 last year. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to RM1.42, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Electronic industry in Malaysia. Total returns to shareholders of 6.5% over the past year. New Risk • Mar 03
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 Profit margins are more than 30% lower than last year (3.0% net profit margin). Board Change • Mar 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 Director Kah Lee 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. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to RM1.79, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 17x in the Electronic industry in Malaysia. Total returns to shareholders of 31% over the past year. Simply Wall St's valuation model estimates the intrinsic value at RM1.99 per share. New Risk • Jan 09
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 7.3% 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 (7.3% average weekly change). Profit margins are more than 30% lower than last year (4.6% net profit margin). Shareholders have been diluted in the past year (9.8% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to RM2.95, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 19x in the Electronic industry in Malaysia. Total returns to shareholders of 95% over the past year. Simply Wall St's valuation model estimates the intrinsic value at RM2.03 per share. Annuncio • Dec 20
Nationgate Holdings Berhad Announces Resignation of Mr. Lee Aik Kun, Age 53 as Chief Technical Officer NationGate Holdings Berhad announced Resignation of MR LEE AIK KUN, Age 53 as Chief Technical Officer. Date of change; December 20, 2024. Buy Or Sell Opportunity • Dec 05
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 42% to RM2.42. The fair value is estimated to be RM2.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has declined by 129%. Revenue is forecast to grow by 158% in 2 years. Earnings are forecast to grow by 93% in the next 2 years. Major Estimate Revision • Dec 04
Consensus revenue estimates increase by 73% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from RM2.14b to RM3.70b. EPS estimate increased from RM0.048 to RM0.05 per share. Net income forecast to grow 69% next year vs 32% growth forecast for Electronic industry in Malaysia. Consensus price target up from RM2.16 to RM2.61. Share price was steady at RM2.38 over the past week. Price Target Changed • Dec 02
Price target increased by 11% to RM2.40 Up from RM2.16, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of RM2.29. Stock is up 68% over the past year. The company is forecast to post earnings per share of RM0.05 for next year compared to RM0.03 last year. Declared Dividend • Nov 29
Third quarter dividend of RM0.0025 announced Dividend of RM0.0025 is the same as last year. Ex-date: 11th December 2024 Payment date: 27th December 2024 Dividend yield will be 0.5%, which is lower than the industry average of 2.3%. Payout Ratios Payout ratio: 20%. Cash payout ratio: 14%. Reported Earnings • Nov 28
Third quarter 2024 earnings released: EPS: RM0.021 (vs RM0.008 in 3Q 2023) Third quarter 2024 results: EPS: RM0.021 (up from RM0.008 in 3Q 2023). Revenue: RM1.35b (up RM1.19b from 3Q 2023). Net income: RM46.6m (up 170% from 3Q 2023). Profit margin: 3.4% (down from 10% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electronic industry in Malaysia. Annuncio • Nov 28
NationGate Holdings Berhad Announces Appointment of Tan Gin Ling as Joint Secretary, Effective 29 November 2024 NationGate Holdings Berhad announced appointment of Tan Gin Ling as Joint Secretary, Date of change is 29 November 2024. Buy Or Sell Opportunity • Oct 17
Now 22% overvalued Over the last 90 days, the stock has fallen 19% to RM1.86. The fair value is estimated to be RM1.53, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last year. Earnings per share has grown by 34%. Revenue is forecast to grow by 231% in 2 years. Earnings are forecast to grow by 126% in the next 2 years. Major Estimate Revision • Sep 05
Consensus revenue estimates increase by 58%, EPS downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from RM1.39b to RM2.20b. EPS estimate fell from RM0.059 to RM0.052. Net income forecast to grow 65% next year vs 33% growth forecast for Electronic industry in Malaysia. Consensus price target down from RM2.14 to RM2.07. Share price was steady at RM1.74 over the past week. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: RM0.014 (vs RM0.007 in 2Q 2023) Second quarter 2024 results: EPS: RM0.014 (up from RM0.007 in 2Q 2023). Revenue: RM679.7m (up 373% from 2Q 2023). Net income: RM28.5m (up 99% from 2Q 2023). Profit margin: 4.2% (down from 10.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 49% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in Malaysia. New Risk • Aug 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.8% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to RM1.72, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 17x in the Electronic industry in Malaysia. Total returns to shareholders of 15% over the past year. Simply Wall St's valuation model estimates the intrinsic value at RM2.09 per share. Annuncio • Jul 26
NationGate Holdings Berhad announced a financing transaction NationGate Holdings Berhad announced a private placement that it will issue 207,390,000 common shares to receive funding on July 24, 2024. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to RM2.37, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 22x in the Electronic industry in Malaysia. Total returns to shareholders of 53% over the past year. Simply Wall St's valuation model estimates the intrinsic value at RM1.78 per share. Buy Or Sell Opportunity • Jul 10
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to RM2.15. The fair value is estimated to be RM1.78, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last year. Earnings per share has declined by 13%. Revenue is forecast to grow by 190% in 2 years. Earnings are forecast to grow by 133% in the next 2 years. Major Estimate Revision • Jun 07
Consensus revenue estimates increase by 13%, EPS downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from RM1.24b to RM1.39b. EPS estimate fell from RM0.064 to RM0.059. Net income forecast to grow 90% next year vs 32% growth forecast for Electronic industry in Malaysia. Consensus price target up from RM1.71 to RM1.98. Share price rose 5.4% to RM1.95 over the past week. Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: RM0.01 (vs RM0.006 in 1Q 2023) First quarter 2024 results: EPS: RM0.01 (up from RM0.006 in 1Q 2023). Revenue: RM207.0m (up 32% from 1Q 2023). Net income: RM21.0m (up 58% from 1Q 2023). Profit margin: 10% (up from 8.4% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electronic industry in Malaysia. Price Target Changed • Jun 04
Price target increased by 21% to RM1.98 Up from RM1.63, the current price target is an average from 4 analysts. New target price is 6.5% above last closing price of RM1.86. Stock is up 48% over the past year. The company is forecast to post earnings per share of RM0.064 for next year compared to RM0.03 last year. Annuncio • Apr 28
NationGate Holdings Berhad, Annual General Meeting, Jun 28, 2024 NationGate Holdings Berhad, Annual General Meeting, Jun 28, 2024, at 10:00 Singapore Standard Time. Agenda: To receive the Audited Financial Statements for the financial year ended 31 December 2023 together with the Reports of the Directors and Auditors thereon; to declare a Final Single Tier Dividend of 0.25 sen per share for the financial year ended 31 December 2023; to approve the payment of Directors' fees of up to an amount of RM195,000.00 for the financial year ending 31 December 2024; and to consider other matters. Annuncio • Apr 27
Nationgate Holdings Berhad Proposes Final Single Tier Dividend for the Financial Year Ending 31 December 2023 NationGate Holdings Berhad's Third Annual General Meeting will be held on June 28, 2024, proposed to declare a Final Single Tier Dividend of 0.25 sen per share for the financial year ended 31 December 2023. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to RM1.51, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 16x in the Electronic industry in Malaysia. Total returns to shareholders of 16% over the past year. Declared Dividend • Mar 02
Fourth quarter dividend of RM0.0025 announced Shareholders will receive a dividend of RM0.0025. Ex-date: 2nd July 2024 Payment date: 16th July 2024 Dividend yield will be 0.5%, which is lower than the industry average of 2.3%. Payout Ratios Payout ratio: 51%. Cash payout ratio: 22%. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: RM0.029 (vs RM0.052 in FY 2022) Full year 2023 results: EPS: RM0.029 (down from RM0.052 in FY 2022). Revenue: RM638.3m (down 33% from FY 2022). Net income: RM60.8m (down 29% from FY 2022). Profit margin: 9.5% (in line with FY 2022). Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Electronic industry in Malaysia. Annuncio • Feb 09
NationGate Holdings Berhad (KLSE:NATGATE) entered into a Share Sale Agreement to acquire Hesechan Industries Sdn Bhd from Heap Seong Chan Company Sdn Bhd for MYR 25 million. NationGate Holdings Berhad (KLSE:NATGATE) entered into a Share Sale Agreement to acquire Hesechan Industries Sdn Bhd from Heap Seong Chan Company Sdn Bhd for MYR 25 million on February 8, 2024. The Acquisition will be funded by internally generated funds and/or bank borrowings of NATGATE. The Acquisition is expected to be completed by the end of the first quarter of the financial year ending 31 December 2024. Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: RM0.83 (vs RM0.018 in 3Q 2022) Third quarter 2023 results: EPS: RM0.83. Revenue: RM165.6m (down 46% from 3Q 2022). Net income: RM17.3m (down 43% from 3Q 2022). Profit margin: 10% (in line with 3Q 2022). Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electronic industry in Malaysia. Annuncio • Nov 15
NationGate Holdings Berhad Declares Interim Dividend for the Year Ending 31 December 2023 NationGate Holdings Berhad declared a Third Single Tier Interim Dividend of 0.25 sen per share for the year ending 31 December 2023. Major Estimate Revision • Nov 01
Consensus revenue estimates fall by 16% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from RM997.6m to RM836.1m. EPS estimate fell from RM0.045 to RM0.036 per share. Net income forecast to grow 38% next year vs 32% growth forecast for Electronic industry in Malaysia. Consensus price target broadly unchanged at RM1.77. Share price was steady at RM1.19 over the past week. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: RM0.007 (vs RM1.65 in 2Q 2022) Second quarter 2023 results: EPS: RM0.007 (down from RM1.65 in 2Q 2022). Revenue: RM143.7m (down 33% from 2Q 2022). Net income: RM14.3m (down 13% from 2Q 2022). Profit margin: 10.0% (up from 7.8% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Malaysia. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to RM1.67, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 18x in the Electronic industry in Malaysia. Annuncio • Jun 29
NationGate Holdings Berhad Declares Final Single Tier Dividend for the Financial Year Ended 31 December 2022 NationGate Holdings Berhad announced that at the AGM was held on 28 June 2023, the company declared a final single tier dividend of 1.0 sen per share for the financial year ended 31 December 2022. Upcoming Dividend • Jun 23
Upcoming dividend of RM0.01 per share at 0.7% yield Eligible shareholders must have bought the stock before 30 June 2023. Payment date: 17 July 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Malaysian dividend payers (5.4%). Lower than average of industry peers (2.7%). Annuncio • May 25
Nationgate Holdings Berhad Proposes Single Tier Interim Dividend for the Financial Year Ending 31 December 2023 The Board of Directors of NationGate Holdings Berhad has, on 24 May 2023, declared a Single Tier Interim Dividend of 0.25 sen per share for the financial year ending 31 December 2023. However, the entitlement and payment dates of the aforesaid Dividend have yet to be finalised at the moment. A further announcement will be made at a later date upon finalisation of the entitlement and payment dates of the above. Reported Earnings • May 25
First quarter 2023 earnings released: EPS: RM0.006 (vs RM1.65 in 1Q 2022) First quarter 2023 results: EPS: RM0.006 (down from RM1.65 in 1Q 2022). Revenue: RM157.4m (down 26% from 1Q 2022). Net income: RM13.3m (down 20% from 1Q 2022). Profit margin: 8.4% (up from 7.8% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Malaysia. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to RM1.45, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 16x in the Electronic industry in Malaysia. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: RM0.052 (vs RM5.73 in FY 2021) Full year 2022 results: EPS: RM0.052. Revenue: RM945.7m (up 24% from FY 2021). Net income: RM85.3m (up 49% from FY 2021). Profit margin: 9.0% (up from 7.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Electronic industry in Malaysia. Board Change • Jan 14
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. Independent Non Executive Director Faiza binti Zulkifli is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.