Board Change • Jul 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. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Chin Siow 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. New Risk • Jun 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 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 Risk High level of non-cash earnings (46% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (RM276.0m market cap, or US$68.8m). Major Estimate Revision • Jun 01
Consensus EPS estimates fall by 35% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from RM159.7m to RM151.3m. EPS estimate also fell from RM0.025 per share to RM0.016 per share. Net income forecast to grow 0.09% next year vs 24% growth forecast for Metals and Mining industry in Malaysia. Consensus price target down from RM0.50 to RM0.39. Share price fell 3.8% to RM0.25 over the past week. Reported Earnings • May 26
First quarter 2026 earnings released: EPS: RM0.002 (vs RM0.005 in 1Q 2025) First quarter 2026 results: EPS: RM0.002 (down from RM0.005 in 1Q 2025). Revenue: RM31.8m (up 1.8% from 1Q 2025). Net income: RM2.72m (down 56% from 1Q 2025). Profit margin: 8.6% (down from 20% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Metals and Mining industry in Malaysia. 공시 • Apr 23
Wentel Engineering Holdings Berhad, Annual General Meeting, May 25, 2026 Wentel Engineering Holdings Berhad, Annual General Meeting, May 25, 2026, at 14:00 Singapore Standard Time. Location: trading post (hall) of ponderosa golf, & country resort berhad, no. 3, jalan ponderosa 1, taman ponderosa, 81100 johor bahru, johor, Malaysia Reported Earnings • Feb 15
Full year 2025 earnings released: EPS: RM0.02 (vs RM0.013 in FY 2024) Full year 2025 results: EPS: RM0.02 (up from RM0.013 in FY 2024). Revenue: RM142.7m (up 27% from FY 2024). Net income: RM23.0m (up 53% from FY 2024). Profit margin: 16% (up from 13% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Metals and Mining industry in Malaysia. Reported Earnings • Nov 26
Third quarter 2025 earnings released: EPS: RM0.005 (vs RM0.003 in 3Q 2024) Third quarter 2025 results: EPS: RM0.005 (up from RM0.003 in 3Q 2024). Revenue: RM38.4m (up 33% from 3Q 2024). Net income: RM6.18m (up 81% from 3Q 2024). Profit margin: 16% (up from 12% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% 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 • Aug 21
Second quarter 2025 earnings released: EPS: RM0.004 (vs RM0.003 in 2Q 2024) Second quarter 2025 results: EPS: RM0.004 (up from RM0.003 in 2Q 2024). Revenue: RM34.9m (up 21% from 2Q 2024). Net income: RM5.02m (up 47% from 2Q 2024). Profit margin: 14% (up from 12% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% 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 • Jun 03
First quarter 2025 earnings released: EPS: RM0.005 (vs RM0.003 in 1Q 2024) First quarter 2025 results: EPS: RM0.005 (up from RM0.003 in 1Q 2024). Revenue: RM31.2m (up 17% from 1Q 2024). Net income: RM6.11m (up 97% from 1Q 2024). Profit margin: 20% (up from 12% in 1Q 2024). The increase in margin was driven by higher revenue. 공시 • Apr 29
Wentel Engineering Holdings Berhad, Annual General Meeting, May 30, 2025 Wentel Engineering Holdings Berhad, Annual General Meeting, May 30, 2025, at 14:30 Singapore Standard Time. Location: emerald 2, level 3, grand paragon hotel johor bahru, of no. 18, jalan harimau, taman century, 80250 johor bahru, johor, Malaysia New Risk • Apr 10
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 9.2% 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 Risk High level of non-cash earnings (26% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$100m (RM299.0m market cap, or US$66.9m). New Risk • Feb 21
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 26% 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 (26% accrual ratio). Minor Risk Market cap is less than US$100m (RM316.3m market cap, or US$71.5m). New Risk • Nov 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 Revenue has declined by 16% over the past year. High level of non-cash earnings (25% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (RM322.0m market cap, or US$72.0m). 공시 • May 02
Wentel Engineering Holdings Berhad, Annual General Meeting, May 31, 2024 Wentel Engineering Holdings Berhad, Annual General Meeting, May 31, 2024, at 14:30 Singapore Standard Time. Location: Hop Sing II (Hall) of Ponderosa Golf & Country Resort Berhad, No. 3, Jalan Ponderosa 1, Taman Ponderosa, 81100 Johor Bahru, Johor Johor Malaysia New Risk • Mar 01
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 26% 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 Shares are highly illiquid. Revenue has declined by 16% over the past year. High level of non-cash earnings (26% accrual ratio). Minor Risk Market cap is less than US$100m (RM362.3m market cap, or US$76.4m). Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: RM0.012 (vs RM18.62 in FY 2022) Full year 2023 results: EPS: RM0.012 (down from RM18.62 in FY 2022). Revenue: RM98.8m (down 16% from FY 2022). Net income: RM14.1m (down 31% from FY 2022). Profit margin: 14% (down from 17% in FY 2022). The decrease in margin was driven by lower revenue. New Risk • Feb 06
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 26% 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 Shares are highly illiquid. Earnings are forecast to decline by an average of 26% per year for the foreseeable future. Market cap is less than US$10m (RM308.0k market cap, or US$64.8k). 
