New Risk • May 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 Risk Earnings have declined by 23% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Revenue is less than US$5m (RM6.1m revenue, or US$1.5m). Market cap is less than US$100m (RM50.3m market cap, or US$12.6m). Board Change • Mar 25
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. 1 highly experienced director. MD & Executive Director Tu Yong is the most experienced director on the board, commencing their role in 1995. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Oct 30
BTM Resources Berhad, Annual General Meeting, Dec 18, 2025 BTM Resources Berhad, Annual General Meeting, Dec 18, 2025, at 10:00 Singapore Standard Time. Location: arista, level 3, hotel armada, lot 6, lorong utara c, section 52, 46200 petaling jaya, selangor darul ehsan, Malaysia New Risk • Jul 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM37.7m (US$8.88m) 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 Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 21% per year over the past 5 years. Revenue is less than US$1m (RM3.7m revenue, or US$883k). Market cap is less than US$10m (RM37.7m market cap, or US$8.88m). Minor Risk Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Buy Or Sell Opportunity • Jul 08
Now 28% undervalued after recent price drop Over the last 90 days, the stock has fallen 33% to RM0.03. The fair value is estimated to be RM0.042, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has grown by 45%. New Risk • Jun 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. 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 Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 21% per year over the past 5 years. Revenue is less than US$1m (RM3.7m revenue, or US$886k). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Market cap is less than US$100m (RM50.3m market cap, or US$11.9m). Buy Or Sell Opportunity • Jan 21
Now 28% overvalued Over the last 90 days, the stock has fallen 17% to RM0.05. The fair value is estimated to be RM0.039, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has grown by 45%. Reported Earnings • Nov 21
Third quarter 2024 earnings released: RM0.001 loss per share (vs RM0.002 loss in 3Q 2023) Third quarter 2024 results: RM0.001 loss per share (improved from RM0.002 loss in 3Q 2023). Net loss: RM1.66m (loss narrowed 25% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Board Change • Oct 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. MD & Executive Director Tu Yong is the most experienced director on the board, commencing their role in 1995. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Sep 27
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). Earnings have declined by 25% per year over the past 5 years. Minor Risks Revenue is less than US$5m (RM4.6m revenue, or US$1.1m). Market cap is less than US$100m (RM69.1m market cap, or US$16.8m). Reported Earnings • Aug 29
Second quarter 2024 earnings released: RM0.001 loss per share (vs RM0.001 loss in 2Q 2023) Second quarter 2024 results: RM0.001 loss per share (in line with 2Q 2023). Net loss: RM1.72m (loss widened 18% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Aankondiging • Jul 16
BTM Resources Berhad Appoints Lee Yoon Seong as the Member of Long-Term Incentive Plan (LTIP) Committee The Board of Directors of BTM Resources Berhad announced on the appointment of Mr. Lee Yoon Seong as the Member of Long-Term Incentive Plan (LTIP) Committee with effective from 15 July 2024:- Consequent to the above, the composition of LTIP Committee shall consist of the following Directors:- Members: Ms Goh Siow Cheng (Independent Non-Executive Director), Dato’ Seri Yong Tu Sang (Managing Director), Mr. Tan Boon Pock (Executive Director), Mr. Lee Yoon Seong (Independent Non-Executive Director). Board Change • Jul 09
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent & Non-Executive Director Siow Goh was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 04
First quarter 2024 earnings released: RM0.001 loss per share (vs RM0.015 loss in 1Q 2023) First quarter 2024 results: RM0.001 loss per share (improved from RM0.015 loss in 1Q 2023). Revenue: RM1.53m (up 20% from 1Q 2023). Net loss: RM838.0k (loss narrowed 94% from 1Q 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 34% per year, which means it is significantly lagging earnings. Aankondiging • May 01
BTM Resources Berhad, Annual General Meeting, Jun 28, 2024 BTM Resources Berhad, Annual General Meeting, Jun 28, 2024, at 11:00 Singapore Standard Time. Location: Atlanta East, Level 3, Hotel Armada Lot 6, Lorong Utara C, Section 52, 46200 Petaling Jaya Selangor Malaysia Agenda: To receive the audited financial statements for the financial year ended 31 December 2023; to re-elect the Directors; to approve the payment of Directors' Fees amounting to RM151,734 for the financial year ended 31 December 2023; to approve the payment of Directors’ Fees amounting up to RM450,000 for the period from 1 January 2024 until the conclusion of the next Annual General Meeting; to approve the payment of Directors’ Remuneration; to re-appoint Messrs Folks DFK & Co. (AF 0502) as Auditors for the ensuing year; to approve Proposed Waiver of Statutory Pre-Emptive Rights of the Shareholders and Authority to Issue Shares; and to transact any other business for which due notice has been given. New Risk • Mar 08
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: -RM15m 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 (-RM15m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 36% per year over the past 5 years. Minor Risks Revenue is less than US$5m (RM7.2m revenue, or US$1.5m). Market cap is less than US$100m (RM81.7m market cap, or US$17.4m). Reported Earnings • Mar 02
Full year 2023 earnings released: RM0.017 loss per share (vs RM0.045 loss in FY 2022) Full year 2023 results: RM0.017 loss per share. Net loss: RM20.6m (loss widened 166% from FY 2022). New Risk • Feb 02
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 Risks Less than 1 year of cash runway based on free cash flow trend (-RM25m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 35% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Revenue is less than US$5m (RM8.6m revenue, or US$1.8m). Market cap is less than US$100m (RM88.0m market cap, or US$18.6m). Reported Earnings • Nov 29
Third quarter 2023 earnings released: RM0.002 loss per share (vs RM0.01 loss in 3Q 2022) Third quarter 2023 results: RM0.002 loss per share. Revenue: RM970.0k (down 60% from 3Q 2022). Net loss: RM2.21m (loss widened 23% from 3Q 2022). Board Change • Sep 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent & Non Executive Director Thiam Lai Leou was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Aug 09
BTS Resources Berhad Appoints Mr. Loo Eng Hua as Independent and Non Executive Independent Director BTM Resources Berhad appointed Mr. Loo Eng Hua as Independent and Non Executive Independent Director, his Age is 58. Date of change is 08 August 2023. His Professional Qualification Member of MICPA and MIA Graduated from Tunku Abdul Rahman University of Management Technology (formerly known as TAR Colldge), 1990 MICPA. Working experience and occupation Non-Independent Non-Executive Director of SERN KOU RESOURCES BHD from year 2020 to present. Executive Director of SERN KOU RESOURCES BHD from year 2010 to 2020. Prior to joining Sern Kou Group, Mr. Loo was appointed financial manager, financial controller, Senior General Manager and Chief Executive Officer for companies involved in various business activities. Reported Earnings • Aug 08
Second quarter 2023 earnings released: RM0.001 loss per share (vs RM0.004 loss in 2Q 2022) Second quarter 2023 results: RM0.001 loss per share. Revenue: RM4.07m (up 206% from 2Q 2022). Net loss: RM1.46m (loss widened 106% from 2Q 2022). Aankondiging • Jul 26
BTM Resources Berhad Announces the Resignation of Mr. Yong Hin Siong as Executive Director BTM Resources Berhad announced the resignation of Mr. Yong Hin Siong as Executive Director. Date of change is 25 July 2023. Age is 43. After graduated from Macquarie University in New South Wales, Australia in 2004, he joined a timber consortium company as a management trainee focusing on operation management, he was promoted to manager of sales and purchases department in charge of purchasing raw material and sales of finished products whereby he gained valuable experience sourcing for raw materials from various countries. Subsequently, he also gained working experience in manufacturing of plywood, managing a golf and country resort, oil palm plantation and logging operation in Malaysia and Papua New Guinea. He is the son of Dato Seri Yong Tu Sang, the Managing Director of BTM Resources Berhad and To' Puan Ng Ah Heng, a major shareholder of BTM Resources Berhad and brother of Madam yong Emmy, a Non-Executive Director of BTM Resources Berhad. Aankondiging • Jul 21
BTM Resources Berhad Appoints Tan Boon Pock as Executive Director BTM Resources Berhad announced the appointment of Mr. Tan Boon Pock, age 58, male as Executive Director, effective July 18, 2023. Tan Boon Pock graduated from Kwang Hua High School in 1983 and subsequently qualified as a Registered Financial Planner (RFP) from Malaysia Insurance Institute (MII) in 1986. In 1993, he established Great Vision Advisory Group, an integrated financial services provider specializing in the provision of professional and comprehensive financial planning & advisory services. He worked with Aetna Financial Group and ING Group for more than 25 years by practicing his experience in areas of financial planning, investments, advisory in personal & family wealth planning as well as business financial advisory services. With his passion & commitment, he had won numerous awards from both Aetna and ING insurance group for the past 15 years, Tan Boon Pock was also one of the stakeholders of ING funds in Malaysia which successfully assisted the ING Funds to be one of the leading Funds Houses in the industry. He is the founder of National Entrepreneur Convention since 2003. He actively involves in organizing a lot of talks and seminars which educate the SME Business Owners on financial planning for business growth. Currently, he is the Managing Director of Fortune Family Office Sdn. Bhd.,which is involved in setting up family office for High-Net-Worth (HNW) individuals and small and medium sized enterprise (SME) and focusing on personal, family, and business financial advisory. He is also a Director of Bio Dinamik Sdn. Bhd. which involves in renewable energy and green energy business. He is Registered Financial Planner. Reported Earnings • Jun 03
First quarter 2023 earnings released: RM0.015 loss per share (vs RM0.011 loss in 1Q 2022) First quarter 2023 results: RM0.015 loss per share (further deteriorated from RM0.011 loss in 1Q 2022). Revenue: RM1.28m (down 41% from 1Q 2022). Net loss: RM14.8m (loss widened RM13.0m from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 11% per year. Reported Earnings • Mar 03
Full year 2022 earnings released: RM0.045 loss per share (vs RM0.037 loss in FY 2021) Full year 2022 results: RM0.045 loss per share (further deteriorated from RM0.037 loss in FY 2021). Revenue: RM8.21m (up 2.5% from FY 2021). Net loss: RM7.68m (loss widened 27% from FY 2021). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 04
Third quarter 2022 earnings released: RM0.01 loss per share (vs RM0.011 loss in 3Q 2021) Third quarter 2022 results: RM0.01 loss per share (improved from RM0.011 loss in 3Q 2021). Revenue: RM2.44m (up 34% from 3Q 2021). Net loss: RM1.79m (loss narrowed 5.7% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non-Executive Chairman & Senior Independent Non-Executive Director Mohamed Bin M.M. Mohamed Ganey was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 26
Second quarter 2022 earnings released: RM0.004 loss per share (vs RM0.009 loss in 2Q 2021) Second quarter 2022 results: RM0.004 loss per share (up from RM0.009 loss in 2Q 2021). Revenue: RM1.33m (down 23% from 2Q 2021). Net loss: RM709.0k (loss narrowed 53% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 02
First quarter 2022 earnings released: RM0.011 loss per share (vs RM0.01 loss in 1Q 2021) First quarter 2022 results: RM0.011 loss per share (down from RM0.01 loss in 1Q 2021). Revenue: RM2.18m (up 19% from 1Q 2021). Net loss: RM1.86m (loss widened 19% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 6% per year and the company’s share price has also increased by 6% per year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non-Executive Chairman & Senior Independent Non-Executive Director Mohamed Bin M.M. Mohamed Ganey was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 02
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: RM0.039 loss per share (down from RM0.029 loss in FY 2020). Revenue: RM7.98m (down 4.6% from FY 2020). Net loss: RM6.44m (loss widened 54% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year. Reported Earnings • Nov 30
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: RM0.011 loss per share (down from RM0.004 profit in 3Q 2020). Revenue: RM1.83m (down 28% from 3Q 2020). Net loss: RM1.90m (down 442% from profit in 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Reported Earnings • Sep 29
Second quarter 2021 earnings released: RM0.009 loss per share (vs RM0.012 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: RM1.72m (up 85% from 2Q 2020). Net loss: RM1.51m (loss narrowed 9.4% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Aankondiging • Jun 09
BTM Resources Berhad has completed a Follow-on Equity Offering in the amount of MYR 2.8297 million. BTM Resources Berhad has completed a Follow-on Equity Offering in the amount of MYR 2.8297 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 15,547,800
Price\Range: MYR 0.182
Transaction Features: Subsequent Direct Listing Reported Earnings • Jun 02
First quarter 2021 earnings released: RM0.01 loss per share (vs RM0.014 loss in 1Q 2020) The company reported a soft first quarter result with weaker revenues and control over costs, although losses reduced. First quarter 2021 results: Revenue: RM1.84m (down 25% from 1Q 2020). Net loss: RM1.57m (loss narrowed 21% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Reported Earnings • Mar 30
Full year 2020 earnings released: RM0.029 loss per share (vs RM0.046 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: RM8.31m (down 12% from FY 2019). Net loss: RM4.23m (loss narrowed 34% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Nov 28
Third quarter 2020 earnings released: EPS RM0.004 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: RM2.54m (down 17% from 3Q 2019). Net income: RM556.0k (up RM2.47m from 3Q 2019). Profit margin: 22% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 11
New 90-day high: RM0.23 The company is up 10.0% from its price of RM0.20 on 13 August 2020. The Malaysian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 8.0% over the same period.