New Risk • Apr 17
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 Singaporean stocks, typically moving 14% 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 Interest payments are not well covered by earnings (1.3x net interest cover). Share price has been highly volatile over the past 3 months (14% average weekly change). Market cap is less than US$10m (S$12.0m market cap, or US$9.39m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). New Risk • Nov 15
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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 Risks Interest payments are not well covered by earnings (1.3x net interest cover). Shares are highly illiquid. Market cap is less than US$10m (S$6.81m market cap, or US$5.25m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). New Risk • Nov 11
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: 0.4% Last year net profit margin: 2.5% 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 Risks Interest payments are not well covered by earnings (1.3x net interest cover). Shares are highly illiquid. Market cap is less than US$10m (S$7.29m market cap, or US$5.60m). Minor Risk Profit margins are more than 30% lower than last year (0.4% net profit margin). Declared Dividend • Nov 10
Dividend of RM0.003 announced Shareholders will receive a dividend of RM0.003. Ex-date: 27th November 2025 Payment date: 15th December 2025 Dividend yield will be 4.9%, which is higher than the industry average of 4.4%. Annuncio • Nov 05
MeGroup Ltd. to Report First Half, 2026 Results on Nov 14, 2025 MeGroup Ltd. announced that they will report first half, 2026 results on Nov 14, 2025 Reported Earnings • Jul 16
Full year 2025 earnings released: EPS: RM0.054 (vs RM0.074 in FY 2024) Full year 2025 results: EPS: RM0.054 (down from RM0.074 in FY 2024). Revenue: RM392.6m (down 14% from FY 2024). Net income: RM6.49m (down 27% from FY 2024). Profit margin: 1.7% (down from 1.9% in FY 2024). The decrease in margin was driven by lower revenue. 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 11% per year, which means it is significantly lagging earnings. Annuncio • Jul 11
MeGroup Ltd., Annual General Meeting, Jul 28, 2025 MeGroup Ltd., Annual General Meeting, Jul 28, 2025, at 10:30 Singapore Standard Time. Location: rnn conference centre, 143 cecil street, gb building,11-03, singapore 069542, Singapore New Risk • May 28
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.5x net interest cover). Shares are highly illiquid. Market cap is less than US$10m (S$7.77m market cap, or US$6.02m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • Mar 03
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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 Risks Shares are highly illiquid. Market cap is less than US$10m (S$8.96m market cap, or US$6.64m). Minor Risks High level of debt (74% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Declared Dividend • Nov 14
First half dividend of RM0.03 announced Shareholders will receive a dividend of RM0.03. Ex-date: 28th November 2024 Payment date: 13th December 2024 Dividend yield will be 31%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is well covered by both earnings (9% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 19% per year over the past 5 years. However, payments have been volatile during that time. Earnings per share has grown by 72% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Oct 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$12.0m (US$9.14m) 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 Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Shares are highly illiquid. Market cap is less than US$10m (S$12.0m market cap, or US$9.14m). Minor Risk Large one-off items impacting financial results. Annuncio • May 29
MeGroup Ltd. Declares Second Interim One-Tier Tax Exempt Dividend for the Financial Year Ended 31 March 2024, Payable on 28 June 2024 MeGroup Ltd. declared a second interim one-tier tax exempt dividend of 0.4 Malaysia Sen per ordinary share in respect of the financial year ended 31 March 2024 (proposed second interim dividend). The proposed second interim dividend will be payable on 28 June 2024. The company announced that the share transfer books and the register of members of the company will be closed on 7 June 2024 for the purpose of determining the entitlement of members to the proposed second interim dividend. New Risk • May 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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 Risks Interest payments are not well covered by earnings (2.8x net interest cover). Shares are highly illiquid. Market cap is less than US$10m (S$8.96m market cap, or US$6.65m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Large one-off items impacting financial results. Board Change • May 23
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 Kwea Chong was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 08
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 Kwea Chong was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Nov 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Shares are highly illiquid. Market cap is less than US$10m (S$10.9m market cap, or US$8.10m). Minor Risk Large one-off items impacting financial results. Annuncio • Nov 11
MeGroup Ltd. Declares Interim One-Tier Tax Exempt Dividend for the Financial Year Ending 31 March 2024, Payable on 15 December 2023 The board of directors (the "Board") of MeGroup Ltd. (the "Company") is pleased to declare an interim one-tier tax exempt dividend of 0.4 Malaysia Sen per ordinary share in respect of the financial year ending 31 March 2024 ("Proposed Interim Dividend"). The Proposed Interim Dividend will be payable on 15 December 2023. Notice is hereby given that the Share Transfer Books and the Register of Members of the Company will be closed on 30 November 2023 at 5.00 p.m. for the purpose of determining the entitlement of members to the Proposed Interim Dividend. Duly completed registrable transfers of shares received by the Company's Share Registrar, In. Corp. Corporate Services Pte. Ltd. at 30 Cecil Street #19-08 Prudential Tower, Singapore 049712, up to 5.00 p.m. on 30 November 2023 be registered to determine members' entitlements to the Proposed Interim Dividend. Members whose securities accounts with The Central Depository (Pte) Limited are credited with shares at 5.00 p.m. on 30 November 2023 will be entitled to the Proposed Interim Dividend. New Risk • Aug 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$11.1m (US$8.28m) 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 Interest payments are not well covered by earnings (2.7x net interest cover). Shares are highly illiquid. Earnings have declined by 27% per year over the past 5 years. Market cap is less than US$10m (S$11.1m market cap, or US$8.28m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Jul 17
Full year 2023 earnings released: EPS: RM0.052 (vs RM0.026 loss in FY 2022) Full year 2023 results: EPS: RM0.052 (up from RM0.026 loss in FY 2022). Revenue: RM421.5m (up 65% from FY 2022). Net income: RM6.19m (up RM9.32m from FY 2022). Profit margin: 1.5% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Annuncio • Jul 13
MeGroup Ltd., Annual General Meeting, Jul 28, 2023 MeGroup Ltd., Annual General Meeting, Jul 28, 2023, at 09:30 Singapore Standard Time. Location: Room Kyoto, 137 Cecil Street #04-01 Cecil Building, Singapore 069537 Singapore Singapore Agenda: To consider Directors' Statement and Audited Financial Statements for the financial year ended 31 March 2023; to consider Re-election of Mr. Chee Teck Kwong Patrick as a Director; to consider Re-election of Mr. Edmund Lai Sou Wei as a Director; to consider approval of Directors' fees of SGD 150,000.00 for the financial year ended 31 March 2023; to consider re-appointment of Messrs CLA Global TS Public Accounting Corporation as the Independent Auditor of the Company; to consider authority to allot and issue shares; to consider authority to allot and issue shares under the MeGroup Employee Share Option Scheme; and to consider authority to allot and issue shares under the MeGroup Performance Share Plan Renewal of Share Buyback Mandate. Annuncio • May 11
Megroup Ltd. Approves the Promotion of Mr. Cheah Yao Jian, Felix as the Chief Financial Officer The Board of Directors has approved the promotion of Mr. Cheah Yao Jian, Felix as the Chief Financial Officer after taking into account his qualification, experience, performance and past contributions to the Company and the Group. the appointment is executive. Mr. Cheah Yao Jian, Felix will be responsible for overseeing the financial reporting and accounting as well as corporate matters of MeGroup. Working Experience 1. Group Financial Controller, MeGroup Ltd. 2. Senior Manager, Corporate Finance & Investment (Equities), Securities Commission Malaysia. 3. Finance Manager:, Financial Reporting, 7-Eleven Malaysia Holdings Berhad. 4. Audit Manager, Baker Tilly Malaysia. Familial RelationShip: Yes. Mr. Cheah Yao Jian, Felix has been employed by the Company since June 2019. Other than the disclosed employment with the Company, there are no other relationships. Professional Qualifications: Certified Practising Accountant by CPA Australia. Chartered Accountant of the Malaysian Institute of Accountants (MIA). Upcoming Dividend • Nov 22
Upcoming dividend of RM0.012 per share Eligible shareholders must have bought the stock before 29 November 2022. Payment date: 15 December 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Singaporean dividend payers (6.5%). In line with average of industry peers (3.9%). Reported Earnings • Nov 10
First half 2023 earnings released: EPS: RM0.021 (vs RM0.041 loss in 1H 2022) First half 2023 results: EPS: RM0.021 (up from RM0.041 loss in 1H 2022). Revenue: RM204.1m (up 154% from 1H 2022). Net income: RM2.50m (up RM7.44m from 1H 2022). Profit margin: 1.2% (up from net loss in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Annuncio • Nov 09
Megroup Ltd. Declares Interim One-Tier Tax Exempt Dividend for Financial Year Ending 31 March 2023, Payable on 15 December 2022 MeGroup Ltd. declared an interim one-tier tax exempt dividend of 1.2 Malaysia Sen per ordinary share in respect of the financial year ending 31 March 2023. The Proposed Interim Dividend will be payable on 15 December 2022. The Share Transfer Books and the Register of Members of the company will be closed on 30 November 2022 for the purpose of determining the entitlement of members to the Proposed Interim Dividend. Annuncio • Jul 13
MeGroup Ltd., Annual General Meeting, Jul 28, 2022 MeGroup Ltd., Annual General Meeting, Jul 28, 2022, at 10:00 Singapore Standard Time. Agenda: To consider directors statement and audited financial statements for the financial year ended 31 March 2022; to consider board changes; to re-appoint auditor; to consider approval of directors fees; and to consider other matters. Reported Earnings • May 29
Full year 2022 earnings released: RM0.026 loss per share (vs RM0.005 profit in FY 2021) Full year 2022 results: RM0.026 loss per share (down from RM0.005 profit in FY 2021). Revenue: RM255.4m (up 22% from FY 2021). Net loss: RM3.13m (down RM3.69m from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 17
First half 2022 earnings released: RM0.041 loss per share (vs RM0.007 profit in 1H 2021) The company reported a poor first half result with weaker earnings, revenues and control over costs. First half 2022 results: Revenue: RM80.3m (down 8.6% from 1H 2021). Net loss: RM4.93m (down RM5.72m from profit in 1H 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance. Executive Departure • Oct 06
Company Secretary Form Po Cho has left the company On the 1st of October, Form Po Cho's tenure as Company Secretary ended. We don't have any record of a personal shareholding under Form Po's name. Form Po is the only executive to leave the company over the last 12 months. Director Overboarding • Aug 10
Director Teck Kwong Chee has joined 5th company board Lead Independent Director Teck Kwong Chee has been appointed to the board of Sheng Siong Group Ltd (SGX:OV8). Chee now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Reported Earnings • Jul 14
Full year 2021 earnings released: EPS RM0.005 (vs RM0.011 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: RM208.9m (down 15% from FY 2020). Net income: RM561.0k (down 55% from FY 2020). Profit margin: 0.3% (down from 0.5% in FY 2020). The decrease in margin was driven by lower revenue. Upcoming Dividend • May 31
Inaugural dividend of RM0.02 per share Eligible shareholders must have bought the stock before 04 June 2021. Payment date: 30 June 2021. The company last paid an ordinary dividend in November 2019. The average dividend yield among industry peers is 5.9%. Reported Earnings • May 31
Full year 2021 earnings released: EPS RM0.005 (vs RM0.011 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: RM208.9m (down 15% from FY 2020). Net income: RM561.9k (down 55% from FY 2020). Profit margin: 0.3% (down from 0.5% in FY 2020). The decrease in margin was driven by lower revenue. Annuncio • Dec 31
MeGroup Ltd. Announces the Appointment of Chong Kwea Seng as Independent Non-Executive Director, with Effect from January 1, 2021 MeGroup Ltd. announced the appointment of Chong Kwea Seng as Independent Non-Executive Director, with effect from January 1, 2021. 
