Reported Earnings • 5h
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: RM0.011 (down from RM0.015 in 1Q 2025). Revenue: RM179.0m (up 2.1% from 1Q 2025). Net income: RM26.9m (down 27% from 1Q 2025). Profit margin: 15% (down from 21% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 36%. Earnings per share (EPS) also missed analyst estimates by 46%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. 공시 • Apr 27
Greatech Technology Berhad, Annual General Meeting, May 26, 2026 Greatech Technology Berhad, Annual General Meeting, May 26, 2026, at 10:30 Singapore Standard Time. Location: jadeite room, level 4, amari spice penang, 2, persiaran mahsuri, bayan baru, 11900 bayan lepas, pulau pinang, Malaysia Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to RM2.52, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 31x in the Semiconductor industry in Malaysia. Total returns to shareholders of 5.4% over the past three years. Major Estimate Revision • Mar 05
Consensus revenue estimates increase by 12% The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from RM916.1m to RM1.03b. EPS estimate increased from RM0.067 to RM0.071 per share. Net income forecast to grow 105% next year vs 34% growth forecast for Semiconductor industry in Malaysia. Consensus price target up from RM2.18 to RM2.34. Share price fell 2.5% to RM1.92 over the past week. Price Target Changed • Mar 04
Price target increased by 7.3% to RM2.34 Up from RM2.18, the current price target is an average from 8 analysts. New target price is 19% above last closing price of RM1.97. Stock is up 28% over the past year. The company is forecast to post earnings per share of RM0.069 for next year compared to RM0.035 last year. New Risk • Feb 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: 11% Last year net profit margin: 21% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 28
Full year 2025 earnings released: EPS: RM0.035 (vs RM0.062 in FY 2024) Full year 2025 results: EPS: RM0.035 (down from RM0.062 in FY 2024). Revenue: RM771.5m (up 2.5% from FY 2024). Net income: RM86.9m (down 44% from FY 2024). Profit margin: 11% (down from 21% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Semiconductor industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 5% per year. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to RM1.72, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 26x in the Semiconductor industry in Malaysia. Total loss to shareholders of 33% over the past three years. 공시 • Jan 02
Greatech Technology Berhad Announces Redesignation of Mr. Khor Lean Heng from Executive Director to Non Executive Director, Effective 31 December 2025 Greatech Technology Berhad announced Redesignation of MR KHOR LEAN HENG from Executive Director to Non Executive Director. Date of change is 31 December 2025. Age is 55. Major Estimate Revision • Dec 02
Consensus EPS estimates fall by 29% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from RM831.5m to RM795.0m. EPS estimate also fell from RM0.063 per share to RM0.045 per share. Net income forecast to grow 17% next year vs 37% growth forecast for Semiconductor industry in Malaysia. Consensus price target broadly unchanged at RM2.19. Share price fell 13% to RM1.55 over the past week. Reported Earnings • Nov 26
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: RM0.008 (down from RM0.009 in 3Q 2024). Revenue: RM192.6m (up 2.0% from 3Q 2024). Net income: RM19.0m (down 17% from 3Q 2024). Profit margin: 9.8% (down from 12% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 49%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Semiconductor industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to RM2.34, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 33x in the Semiconductor industry in Malaysia. Total returns to shareholders of 38% over the past three years. Reported Earnings • Aug 23
Second quarter 2025 earnings released: EPS: RM0.01 (vs RM0.019 in 2Q 2024) Second quarter 2025 results: EPS: RM0.01 (down from RM0.019 in 2Q 2024). Revenue: RM232.7m (up 13% from 2Q 2024). Net income: RM25.9m (down 46% from 2Q 2024). Profit margin: 11% (down from 24% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Semiconductor industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Price Target Changed • Aug 14
Price target increased by 9.0% to RM2.11 Up from RM1.93, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of RM2.02. Stock is down 22% over the past year. The company is forecast to post earnings per share of RM0.062 for next year compared to RM0.062 last year. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to RM2.04, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 24x in the Semiconductor industry in Malaysia. Total returns to shareholders of 1.7% over the past three years. New Risk • May 28
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 29% 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 (29% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to RM1.78, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 22x in the Semiconductor industry in Malaysia. Total loss to shareholders of 1.7% over the past three years. Reported Earnings • May 03
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: RM0.062 (in line with FY 2023). Revenue: RM752.4m (up 14% from FY 2023). Net income: RM155.0m (flat on FY 2023). Profit margin: 21% (down from 23% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 5.4%. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Semiconductor industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. 공시 • Apr 28
Greatech Technology Berhad, Annual General Meeting, May 28, 2025 Greatech Technology Berhad, Annual General Meeting, May 28, 2025, at 10:00 Singapore Standard Time. Location: jadeite room, level 4, amari spice penang, 2, persiaran mahsuri, bayan baru, 11900 bayan lepas, pulau pinang, Malaysia Price Target Changed • Apr 23
Price target decreased by 7.0% to RM2.06 Down from RM2.21, the current price target is an average from 10 analysts. New target price is 52% above last closing price of RM1.35. Stock is down 40% over the past year. The company is forecast to post earnings per share of RM0.068 for next year compared to RM0.062 last year. Price Target Changed • Apr 18
Price target decreased by 8.3% to RM2.11 Down from RM2.30, the current price target is an average from 10 analysts. New target price is 61% above last closing price of RM1.31. Stock is down 42% over the past year. The company is forecast to post earnings per share of RM0.068 for next year compared to RM0.062 last year. New Risk • Apr 07
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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to RM1.42, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 20x in the Semiconductor industry in Malaysia. Total loss to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM0.68 per share. Major Estimate Revision • Mar 24
Consensus EPS estimates increase by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from RM0.068 to RM0.076. Revenue forecast steady at RM854.5m. Net income forecast to grow 11% next year vs 49% growth forecast for Semiconductor industry in Malaysia. Consensus price target down from RM2.30 to RM2.23. Share price rose 4.5% to RM1.63 over the past week. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to RM1.69, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 22x in the Semiconductor industry in Malaysia. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM0.72 per share. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to RM1.51, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 22x in the Semiconductor industry in Malaysia. Total loss to shareholders of 6.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM0.72 per share. Reported Earnings • Feb 19
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: RM0.062 (in line with FY 2023). Revenue: RM752.4m (up 14% from FY 2023). Net income: RM155.0m (flat on FY 2023). Profit margin: 21% (down from 23% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 5.4%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Major Estimate Revision • Dec 03
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from RM811.9m to RM738.9m. EPS estimate also fell from RM0.076 per share to RM0.064 per share. Net income forecast to grow 28% next year vs 52% growth forecast for Semiconductor industry in Malaysia. Consensus price target down from RM2.84 to RM2.61. Share price was steady at RM2.13 over the past week. Price Target Changed • Nov 27
Price target decreased by 8.4% to RM2.61 Down from RM2.84, the current price target is an average from 10 analysts. New target price is 28% above last closing price of RM2.03. Stock is down 14% over the past year. The company is forecast to post earnings per share of RM0.064 for next year compared to RM0.062 last year. Reported Earnings • Nov 27
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: RM0.009 (down from RM0.019 in 3Q 2023). Revenue: RM188.8m (down 16% from 3Q 2023). Net income: RM23.0m (down 51% from 3Q 2023). Profit margin: 12% (down from 21% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 55%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Nov 25
Now 23% overvalued Over the last 90 days, the stock has fallen 8.8% to RM2.12. The fair value is estimated to be RM1.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 7.4%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 44% in the next 2 years. Price Target Changed • Oct 02
Price target increased by 9.4% to RM3.21 Up from RM2.94, the current price target is an average from 10 analysts. New target price is 53% above last closing price of RM2.10. Stock is up 0.2% over the past year. The company is forecast to post earnings per share of RM0.076 for next year compared to RM0.062 last year. Price Target Changed • Sep 10
Price target increased by 9.7% to RM3.22 Up from RM2.94, the current price target is an average from 10 analysts. New target price is 50% above last closing price of RM2.15. Stock is down 1.8% over the past year. The company is forecast to post earnings per share of RM0.076 for next year compared to RM0.062 last year. Reported Earnings • Aug 26
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: RM0.039 (up from RM0.031 in 2Q 2023). Revenue: RM205.9m (up 24% from 2Q 2023). Net income: RM48.4m (up 26% from 2Q 2023). Profit margin: 24% (in line with 2Q 2023). Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 10%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Semiconductor industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 30
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: RM0.12 (up from RM0.10 in FY 2022). Revenue: RM658.7m (up 21% from FY 2022). Net income: RM154.4m (up 17% from FY 2022). Profit margin: 23% (in line with FY 2022). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 4.8%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Semiconductor industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. 공시 • Apr 26
Greatech Technology Berhad, Annual General Meeting, May 24, 2024 Greatech Technology Berhad, Annual General Meeting, May 24, 2024, at 09:00 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 re-elect director; to approve the payment of Directors' fees of RM8,000.00 per month; to approve the payment of Directors' fees of RM8,000.00 per month for each of the Directors of the Company for the period from 25 May 2024 until the next Annual General Meeting of the Company to be held in the year 2025; to approve the payment of Directors' benefits (excluding Directors' fees) to the Directors up to an amount of RM100,000.00 for the period from 25 May 2024 until the next Annual General Meeting of the Company to be held in the year 2025; and to transact other business. 공시 • Mar 01
Greatech Technology Berhad Decides to Re-Designate Khor Lean Heng from Chief Operating Officer to Chief Project Officer Greatech Technology Berhad decided to re-designate Mr. Khor Lean Heng from Chief Operating Officer to Chief Project Officer with effect from 1 March 2024 which aimed to lead the project management, field service, and facility management functions within the Group ensuring seamless execution and alignment with the Group's strategic objectives. Mr. Khor shall remain as an Executive Director of the Company. Reported Earnings • Feb 24
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: RM0.12 (up from RM0.10 in FY 2022). Revenue: RM658.8m (up 21% from FY 2022). Net income: RM154.4m (up 17% from FY 2022). Profit margin: 23% (in line with FY 2022). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 4.8%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Semiconductor industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. 공시 • Feb 23
Greatech Technology Berhad Appoints Kong Siew Mui as Independent and Non Executive Director Greatech Technology Berhad announced the appointment of Dr. Kong Siew Mui as Independent and Non Executive Director. Age: 65, Date of change: 23 February 2024. Qualifications: Degree, Management & Computer Science Universiti Sains Malaysia, Masters Master of Business Administration University of East Asia, Macau. Doctorate, Doctor of Business Administration, Universiti Sains Malaysia. Working experience and occupation: Ms. Kong Siew Mui holds a Doctor of Business Administration degree at Graduate School of Business, Universiti Sains Malaysia, Malaysia. Her research interests include Business Excellence, Strategic Management and Lean Six Sigma. She obtained Bachelor of Social Science (Management/Computer Science) from Universiti Sains Malaysia in 1982 and received her Master of Business Administration from the University of East Asia, Macau in 1990. She also holds a Lean Master Black Belt and she is a qualified Frontline Leadership instructor. She has previously attended Stanford Leadership Programme while working as the Vice President of Global Business Excellence in a Fortune 500 company. She has more than 30 years of working experience in the electrical and electronics (E&E) manufacturing industry covering multiple business portfolios such as Healthcare & Life Sciences, Consumer, Automotive & Industrial. She also has more than 15 years of Lean experience covering 30 countries located throughout the Americas, Europe, and Asia in systems assembly and manufacturing services to provide improved overall supply chain management experience for customers. Reported Earnings • Nov 18
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: EPS: RM0.037 (up from RM0.033 in 3Q 2022). Revenue: RM224.8m (up 43% from 3Q 2022). Net income: RM46.7m (up 14% from 3Q 2022). Profit margin: 21% (down from 26% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) missed analyst estimates by 4.7%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Semiconductor industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Sep 01
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from RM686.5m to RM673.4m. EPS estimate also fell from RM0.149 per share to RM0.133 per share. Net income forecast to grow 28% next year vs 28% growth forecast for Semiconductor industry in Malaysia. Consensus price target down from RM5.55 to RM5.41. Share price fell 4.3% to RM4.45 over the past week. Reported Earnings • Aug 26
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: RM0.031 (up from RM0.02 in 2Q 2022). Revenue: RM165.6m (up 40% from 2Q 2022). Net income: RM38.3m (up 52% from 2Q 2022). Profit margin: 23% (up from 21% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Semiconductor industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 11% per year. 공시 • May 12
Greatech Technology Berhad Announces Appointment of DATO' Ooi Boon Chye as Independent and Non Executive Director, Effective from 15 May 2023 Greatech Technology Berhad announced appointment of DATO' Ooi Boon Chye as Independent and Non Executive Director. Date of change 15 May 2023, Age 69. Qualifications: Degree, Business Administration- University of Phoenix, Arizona and Professional Qualification, Chartered Managenent Accountants- Chartered Institute of Management Accountants. Working experience: Dato' Ooi Boon Chye ("Dato' Ooi") was a Former Senior Vice President of Global Operations at Broadcom Limited, previously Avago Technologies. He was responsible for managing worldwide manufacturing, manufacturing engineering, outsourcing, procurement, logistics, central planning and quality programs, and retired in 2021 after 12 years with Broadcom Limited. Dato' Ooi served as Senior Vice President of Worldwide Operations and Business Process Reengineering at Xilinx Inc. since November 2003 until January 9, 2009. Dato' Ooi has more than 25 years of experience at Intel Corp. and also served as Vice President of the Systems OEM Products Group, Corporate Technology Group and Director of Operations. He has worked in Intel Penang in 1976 to 1980 and 1984 to 1986. He was also the General Manager for Intel Barbados from 1980 to 1983. He served a number of operational management positions such as assembly operations manager, Plant Manager and General Manager. In 1986, Dato' Ooi moved to the United States, where he served in Intel as Assistant General Manager of WW logic components Fab Sort and Assy/Test manufacturing, Director of Component Planning, and Plant Manager for A4/T11 in Chandler, Arizona. Since 1990, he served as General Manager for worldwide systems manufacturing, with plants in Puerto Rico, Ireland, Washington, Malaysia and Oregon. Reported Earnings • Apr 15
Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat Full year 2022 results: EPS: RM0.10 (down from RM0.11 in FY 2021). Revenue: RM546.2m (up 36% from FY 2021). Net income: RM131.9m (down 7.0% from FY 2021). Profit margin: 24% (down from 35% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Semiconductor industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 25
Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat Full year 2022 results: EPS: RM0.10 (down from RM0.11 in FY 2021). Revenue: RM546.2m (up 36% from FY 2021). Net income: RM131.9m (down 7.0% from FY 2021). Profit margin: 24% (down from 35% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Semiconductor industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Feb 14
Price target increased by 8.7% to RM5.20 Up from RM4.79, the current price target is an average from 9 analysts. New target price is 5.1% above last closing price of RM4.95. Stock is down 4.1% over the past year. The company is forecast to post earnings per share of RM0.10 for next year compared to RM0.11 last year. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment improved over the past week After last week's 19% share price gain to RM4.60, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 23x in the Semiconductor industry in Malaysia. Total returns to shareholders of 355% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM2.30 per share.