New Risk • May 21
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: Rp153.1b (US$8.73m) 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 Less than 1 year of cash runway based on free cash flow trend (-Rp653m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 2.0% per year over the past 5 years. Market cap is less than US$10m (Rp153.1b market cap, or US$8.73m). Minor Risk Revenue is less than US$5m (Rp43b revenue, or US$2.4m). 공고 • May 12
PT Guna Timur Raya Tbk, Annual General Meeting, Jun 17, 2026 PT Guna Timur Raya Tbk, Annual General Meeting, Jun 17, 2026. Reported Earnings • May 05
First quarter 2026 earnings released: Rp5.51 loss per share (vs Rp5.28 loss in 1Q 2025) First quarter 2026 results: Rp5.51 loss per share (further deteriorated from Rp5.28 loss in 1Q 2025). Revenue: Rp9.80b (up 1.9% from 1Q 2025). Net loss: Rp2.40b (loss widened 4.3% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 78% per year, which means it is well ahead of earnings. New Risk • May 02
New major risk - Revenue and earnings growth Earnings have declined by 0.6% 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 Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 0.6% per year over the past 5 years. Minor Risks Revenue is less than US$5m (Rp42b revenue, or US$2.5m). Market cap is less than US$100m (Rp239.3b market cap, or US$13.9m). Reported Earnings • Mar 31
Full year 2025 earnings released: Rp14.10 loss per share (vs Rp10.81 loss in FY 2024) Full year 2025 results: Rp14.10 loss per share (further deteriorated from Rp10.81 loss in FY 2024). Revenue: Rp42.4b (down 17% from FY 2024). Net loss: Rp6.14b (loss widened 31% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. New Risk • Feb 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: Rp168.8b (US$9.96m) 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 Less than 1 year of cash runway based on free cash flow trend (-Rp1.6b free cash flow). Market cap is less than US$10m (Rp168.8b market cap, or US$9.96m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Revenue is less than US$5m (Rp41b revenue, or US$2.4m). 공고 • May 20
PT Guna Timur Raya Tbk, Annual General Meeting, Jun 25, 2025 PT Guna Timur Raya Tbk, Annual General Meeting, Jun 25, 2025. Reported Earnings • Oct 31
Third quarter 2024 earnings released: Rp2.35 loss per share (vs Rp0.20 loss in 3Q 2023) Third quarter 2024 results: Rp2.35 loss per share (further deteriorated from Rp0.20 loss in 3Q 2023). Revenue: Rp12.1b (down 5.3% from 3Q 2023). Net loss: Rp1.02b (loss widened Rp936.6m from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 02
Second quarter 2024 earnings released: Rp2.06 loss per share (vs Rp1.51 loss in 2Q 2023) Second quarter 2024 results: Rp2.06 loss per share (further deteriorated from Rp1.51 loss in 2Q 2023). Revenue: Rp11.1b (up 10% from 2Q 2023). Net loss: Rp892.6m (loss widened 36% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. New Risk • Jun 12
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 Indonesian stocks, typically moving 9.0% 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 have declined by 17% per year over the past 5 years. Market cap is less than US$10m (Rp30.0b market cap, or US$1.83m). Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Revenue is less than US$5m (Rp50b revenue, or US$3.1m). 공고 • May 16
PT Guna Timur Raya Tbk, Annual General Meeting, Jun 19, 2024 PT Guna Timur Raya Tbk, Annual General Meeting, Jun 19, 2024. Reported Earnings • May 04
First quarter 2024 earnings released: Rp1.17 loss per share (vs Rp2.47 loss in 1Q 2023) First quarter 2024 results: Rp1.17 loss per share (improved from Rp2.47 loss in 1Q 2023). Revenue: Rp17.4b (up 66% from 1Q 2023). Net loss: Rp506.9m (loss narrowed 53% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 03
Full year 2023 earnings released: Rp7.96 loss per share (vs Rp9.81 loss in FY 2022) Full year 2023 results: Rp7.96 loss per share (improved from Rp9.81 loss in FY 2022). Revenue: Rp43.4b (up 12% from FY 2022). Net loss: Rp3.46b (loss narrowed 19% from FY 2022). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. New Risk • Aug 09
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -Rp2.6b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-Rp2.6b free cash flow). Earnings have declined by 39% per year over the past 5 years. Market cap is less than US$10m (Rp37.8b market cap, or US$2.49m). Minor Risk Revenue is less than US$5m (Rp41b revenue, or US$2.7m). New Risk • Jun 09
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -Rp2.5b This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 46% per year over the past 5 years. Market cap is less than US$10m (Rp39.6b market cap, or US$2.66m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-Rp2.5b). Revenue is less than US$5m (Rp39b revenue, or US$2.6m). Reported Earnings • Apr 14
Full year 2022 earnings released: Rp9.81 loss per share (vs Rp11.33 loss in FY 2021) Full year 2022 results: Rp9.81 loss per share (improved from Rp11.33 loss in FY 2021). Revenue: Rp38.8b (down 2.0% from FY 2021). Net loss: Rp4.27b (loss narrowed 13% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 29
Second quarter 2022 earnings released: Rp3.73 loss per share (vs Rp4.59 loss in 2Q 2021) Second quarter 2022 results: Rp3.73 loss per share (up from Rp4.59 loss in 2Q 2021). Revenue: Rp8.44b (down 4.5% from 2Q 2021). Net loss: Rp1.62b (loss narrowed 19% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Aug 25
Second quarter 2021 earnings released: Rp4.59 loss per share (vs Rp10.24 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: Rp8.83b (up 43% from 2Q 2020). Net loss: Rp2.00b (loss narrowed 55% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 12
New 90-day high: Rp310 The company is up 117% from its price of Rp143 on 13 November 2020. The Indonesian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is up 47% over the same period. Is New 90 Day High Low • Jan 20
New 90-day high: Rp272 The company is up 85% from its price of Rp147 on 23 October 2020. The Indonesian market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is up 48% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: Rp183 The company is up 14% from its price of Rp160 on 08 October 2020. The Indonesian market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Transportation industry, which is up 29% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: Rp182 The company is up 44% from its price of Rp126 on 18 September 2020. The Indonesian market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is up 23% over the same period. Is New 90 Day High Low • Sep 24
New 90-day high: Rp144 The company is up 30% from its price of Rp111 on 25 June 2020. The Indonesian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is flat over the same period.