Reported Earnings • May 15
First quarter 2026 earnings released: RM0.003 loss per share (vs RM0.002 profit in 1Q 2025) First quarter 2026 results: RM0.003 loss per share (down from RM0.002 profit in 1Q 2025). Revenue: RM66.7m (down 31% from 1Q 2025). Net loss: RM3.31m (down 315% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Mar 02
Full year 2025 earnings released: RM0.013 loss per share (vs RM0.002 profit in FY 2024) Full year 2025 results: RM0.013 loss per share (down from RM0.002 profit in FY 2024). Revenue: RM361.9m (down 11% from FY 2024). Net loss: RM12.6m (down RM14.2m from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 26
Third quarter 2025 earnings released: RM0.001 loss per share (vs RM0.002 profit in 3Q 2024) Third quarter 2025 results: RM0.001 loss per share (down from RM0.002 profit in 3Q 2024). Revenue: RM78.5m (down 28% from 3Q 2024). Net loss: RM700.0k (down 142% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: RM0.001 (vs RM0.004 loss in 2Q 2024) Second quarter 2025 results: EPS: RM0.001 (up from RM0.004 loss in 2Q 2024). Revenue: RM105.1m (up 19% from 2Q 2024). Net income: RM1.14m (up RM5.50m from 2Q 2024). Profit margin: 1.1% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • May 30
First quarter 2025 earnings released: EPS: RM0.002 (vs RM0.003 loss in 1Q 2024) First quarter 2025 results: EPS: RM0.002 (up from RM0.003 loss in 1Q 2024). Revenue: RM104.3m (up 4.5% from 1Q 2024). Net income: RM1.54m (up RM4.43m from 1Q 2024). Profit margin: 1.5% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. New Risk • May 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 245% 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 Risk Interest payments are not well covered by earnings (0.4x net interest cover). Minor Risk Large one-off items impacting financial results. Aankondiging • Apr 29
Mieco Chipboard Berhad, Annual General Meeting, May 29, 2025 Mieco Chipboard Berhad, Annual General Meeting, May 29, 2025, at 09:30 Singapore Standard Time. Location: taming sari room, level 1, prescott ace kuala lumpur cheras, jalan c180/1, dataran c180, 43200 cheras, selangor, Malaysia New Risk • Apr 01
New major risk - Revenue and earnings growth Earnings have declined by 33% 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 Interest payments are not well covered by earnings (0.6x net interest cover). Earnings have declined by 33% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: RM0.002 (vs RM0.065 loss in FY 2023) Full year 2024 results: EPS: RM0.002 (up from RM0.065 loss in FY 2023). Revenue: RM420.2m (up 17% from FY 2023). Net income: RM1.54m (up RM66.6m from FY 2023). Profit margin: 0.4% (up from net loss in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 20
Third quarter 2024 earnings released: EPS: RM0.002 (vs RM0.046 loss in 3Q 2023) Third quarter 2024 results: EPS: RM0.002 (up from RM0.046 loss in 3Q 2023). Revenue: RM110.3m (up 11% from 3Q 2023). Net income: RM1.67m (up RM47.6m from 3Q 2023). Profit margin: 1.5% (up from net loss in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 22
Second quarter 2024 earnings released: RM0.004 loss per share (vs RM0.011 loss in 2Q 2023) Second quarter 2024 results: RM0.004 loss per share (improved from RM0.011 loss in 2Q 2023). Revenue: RM89.4m (down 1.3% from 2Q 2023). Net loss: RM4.37m (loss narrowed 61% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. Reported Earnings • May 29
First quarter 2024 earnings released: RM0.003 loss per share (vs RM0.009 profit in 1Q 2023) First quarter 2024 results: RM0.003 loss per share (down from RM0.009 profit in 1Q 2023). Revenue: RM99.7m (up 68% from 1Q 2023). Net loss: RM2.90m (down 133% from profit in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 120 percentage points per year, which is a significant difference in performance. Aankondiging • Apr 28
Mieco Chipboard Berhad, Annual General Meeting, May 28, 2024 Mieco Chipboard Berhad, Annual General Meeting, May 28, 2024, at 09:30 Singapore Standard Time. Agenda: To receive the Audited Financial Statements for the financial year ended 31 December 2023 and the Reports of the Directors and Auditors thereon; to approve the Payment of Directors' fees and benefits to the Non-Executive Directors up to an amount of RM350,000.00 from 29 May 2024 until the next Annual General Meeting of the Company; to re-elect the following Directors retiring in accordance with Clause 103 of the Company's Constitution and who, being eligible, offer themselves for re-election: Datuk Dr. Roslan Bin A. Ghaffar and Mr. Kajendra A/L Pathmanathan; to re-elect Madam Tan Poh Cheok, the Director who is retiring pursuant to Clause 110 of the Company's Constitution, and being eligible, offer herself for re-election; to re-appoint Messrs UHY as auditors of the Company and to authorise the Board of Directors to fix their remuneration; and to consider other matters. Reported Earnings • Feb 28
Full year 2023 earnings released: RM0.064 loss per share (vs RM0.034 loss in FY 2022) Full year 2023 results: RM0.064 loss per share (further deteriorated from RM0.034 loss in FY 2022). Revenue: RM388.2m (up 18% from FY 2022). Net loss: RM64.4m (loss widened 91% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 24
Third quarter 2023 earnings released: RM0.046 loss per share (vs RM0.006 loss in 3Q 2022) Third quarter 2023 results: RM0.046 loss per share (further deteriorated from RM0.006 loss in 3Q 2022). Revenue: RM100.8m (up 35% from 3Q 2022). Net loss: RM45.9m (loss widened RM40.1m from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Reported Earnings • Aug 30
Second quarter 2023 earnings released: RM0.011 loss per share (vs RM0.002 loss in 2Q 2022) Second quarter 2023 results: RM0.011 loss per share (further deteriorated from RM0.002 loss in 2Q 2022). Revenue: RM90.6m (up 5.9% from 2Q 2022). Net loss: RM11.3m (loss widened RM9.50m from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings. Reported Earnings • May 30
First quarter 2023 earnings released: EPS: RM0.009 (vs RM0.001 in 1Q 2022) First quarter 2023 results: EPS: RM0.009 (up from RM0.001 in 1Q 2022). Revenue: RM80.7m (down 21% from 1Q 2022). Net income: RM8.78m (up RM7.60m from 1Q 2022). Profit margin: 11% (up from 1.1% in 1Q 2022). The increase in margin was driven by lower expenses. 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 64% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 25
Full year 2022 earnings released: RM0.034 loss per share (vs RM0.033 profit in FY 2021) Full year 2022 results: RM0.034 loss per share (down from RM0.033 profit in FY 2021). Revenue: RM337.5m (down 9.5% from FY 2021). Net loss: RM33.9m (down 223% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 25
Third quarter 2022 earnings released: RM0.006 loss per share (vs RM0.01 loss in 3Q 2021) Third quarter 2022 results: RM0.006 loss per share (improved from RM0.01 loss in 3Q 2021). Revenue: RM76.3m (up 31% from 3Q 2021). Net loss: RM5.75m (loss narrowed 30% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
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 Chairman Roslan Bin A. Ghaffar was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 26
Second quarter 2022 earnings released: RM0.002 loss per share (vs RM0.001 profit in 2Q 2021) Second quarter 2022 results: RM0.002 loss per share (down from RM0.001 profit in 2Q 2021). Revenue: RM85.5m (up 5.3% from 2Q 2021). Net loss: RM1.82m (down 252% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 28
First quarter 2022 earnings: Revenues miss analyst expectations First quarter 2022 results: Revenue: RM103.8m (up 5.6% from 1Q 2021). Net income: RM1.18m (down 82% from 1Q 2021). Profit margin: 1.1% (down from 6.5% in 1Q 2021). Revenue missed analyst estimates by 4.1%. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
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 Chairman Roslan Bin A. Ghaffar was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 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. 6 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Roslan Bin A. Ghaffar was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 02
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 Chairman Roslan Bin A. Ghaffar was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 27
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: RM0.028 (up from RM0.005 loss in FY 2020). Revenue: RM377.3m (flat on FY 2020). Net income: RM27.5m (up RM32.0m from FY 2020). Profit margin: 7.3% (up from net loss in FY 2020). Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) exceeded analyst estimates by 17%. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 57% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 01
Third quarter 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2021 results: RM0.01 loss per share (down from RM0.01 profit in 3Q 2020). Revenue: RM59.4m (down 48% from 3Q 2020). Net loss: RM8.25m (down 202% from profit in 3Q 2020). Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) were also behind analyst expectations. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS RM0.001 (vs RM0.015 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RM81.2m (up 28% from 2Q 2020). Net income: RM1.20m (up RM13.4m from 2Q 2020). Profit margin: 1.5% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 29
First quarter 2021 earnings released: EPS RM0.012 (vs RM0.032 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: RM99.0m (up 13% from 1Q 2020). Net income: RM6.44m (up RM33.7m from 1Q 2020). Profit margin: 6.5% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Reported Earnings • Feb 27
Full year 2020 earnings released: RM0.008 loss per share (vs RM0.003 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: RM383.3m (down 10% from FY 2019). Net loss: RM4.32m (down 362% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 05
New 90-day high: RM0.91 The company is up 70% from its price of RM0.54 on 06 November 2020. The Malaysian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 4.0% over the same period. Is New 90 Day High Low • Dec 15
New 90-day high: RM0.86 The company is up 140% from its price of RM0.36 on 15 September 2020. The Malaysian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 17% over the same period. Reported Earnings • Nov 27
Third quarter 2020 earnings released: EPS RM0.015 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: RM113.4m (up 1.4% from 3Q 2019). Net income: RM8.05m (up 265% from 3Q 2019). Profit margin: 7.1% (up from 2.0% in 3Q 2019). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 83% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 18
New 90-day high: RM0.69 The company is up 148% from its price of RM0.28 on 19 August 2020. The Malaysian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 15% over the same period. Is New 90 Day High Low • Nov 03
New 90-day high: RM0.52 The company is up 93% from its price of RM0.27 on 05 August 2020. The Malaysian market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 2.0% over the same period. Is New 90 Day High Low • Oct 14
New 90-day high: RM0.47 The company is up 81% from its price of RM0.26 on 16 July 2020. The Malaysian market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 18% over the same period. Is New 90 Day High Low • Sep 28
New 90-day high: RM0.41 The company is up 69% from its price of RM0.24 on 30 June 2020. The Malaysian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 30% over the same period.