Price Target Changed • Jul 02
Price target decreased by 8.0% to RM1.61 Down from RM1.75, the current price target is an average from 3 analysts. New target price is 18% above last closing price of RM1.37. Stock is down 12% over the past year. The company is forecast to post earnings per share of RM0.078 for next year compared to RM0.078 last year. Declared Dividend • May 23
Third quarter dividend of RM0.015 announced Shareholders will receive a dividend of RM0.015. Ex-date: 8th June 2026 Payment date: 19th June 2026 Dividend yield will be 3.8%, which is lower than the industry average of 4.1%. Sustainability & Growth Dividend is covered by both earnings (67% earnings payout ratio) and cash flows (65% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 02
Second quarter 2026 earnings released: EPS: RM0.022 (vs RM0.021 in 2Q 2025) Second quarter 2026 results: EPS: RM0.022 (up from RM0.021 in 2Q 2025). Revenue: RM65.0m (up 3.8% from 2Q 2025). Net income: RM15.6m (up 1.6% from 2Q 2025). Profit margin: 24% (in line with 2Q 2025). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in Asia. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 20% per year. Price Target Changed • Jan 26
Price target increased by 14% to RM1.75 Up from RM1.53, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of RM1.69. Stock is up 20% over the past year. The company is forecast to post earnings per share of RM0.083 for next year compared to RM0.078 last year. Buy Or Sell Opportunity • Jan 23
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 24% to RM1.68. The fair value is estimated to be RM1.39, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 18% in the next 2 years. Buy Or Sell Opportunity • Dec 29
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to RM1.67. The fair value is estimated to be RM1.39, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 18% in the next 2 years. Declared Dividend • Nov 22
Dividend of RM0.015 announced Shareholders will receive a dividend of RM0.015. Ex-date: 8th December 2025 Payment date: 19th December 2025 Dividend yield will be 3.3%, which is lower than the industry average of 4.1%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 20% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 45% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 24
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: RM0.078 (up from RM0.073 in FY 2024). Revenue: RM224.5m (down 7.4% from FY 2024). Net income: RM57.1m (up 3.9% from FY 2024). Profit margin: 25% (up from 23% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 8.7%. Earnings per share (EPS) exceeded analyst estimates by 1.7%. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in Asia. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Oct 21
Pecca Group Berhad, Annual General Meeting, Nov 20, 2025 Pecca Group Berhad, Annual General Meeting, Nov 20, 2025, at 10:00 Singapore Standard Time. Location: ballroom i, main wing, level 1, tropicana golf & country resort, jalan kelab tropicana, 47410 petaling jaya, selangor darul ehsan, Malaysia Declared Dividend • Aug 27
Dividend of RM0.01 announced Shareholders will receive a dividend of RM0.01. Ex-date: 12th September 2025 Payment date: 26th September 2025 Dividend yield will be 4.5%, which is higher than the industry average of 4.1%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (85% cash payout ratio). The dividend has increased by an average of 20% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Aug 26
Price target decreased by 14% to RM1.54 Down from RM1.80, the current price target is provided by 1 analyst. New target price is 8.5% above last closing price of RM1.42. Stock is up 16% over the past year. The company is forecast to post earnings per share of RM0.083 for next year compared to RM0.079 last year. Reported Earnings • Aug 26
Full year 2025 earnings released: EPS: RM0.079 (vs RM0.073 in FY 2024) Full year 2025 results: EPS: RM0.079 (up from RM0.073 in FY 2024). Revenue: RM224.5m (down 7.4% from FY 2024). Net income: RM57.7m (up 4.9% from FY 2024). Profit margin: 26% (up from 23% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in Asia. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Jun 20
Pecca Group Berhad Announces the Appointment of Tan Han Leong as Chief Financial Officer, Effective June 19, 2025 Pecca Group Berhad announced the appointment of Mr. Tan Han Leong as Chief Financial Officer effective June 19, 2025. Age is 49. Qualifications: Mr. Tan is a Chartered Accountant with memberships in the Malaysian Institute of Accountants (MIA), Institute of Chartered Accountants in England and Wales (ICAEW), and Certified Practising Accountants Australia. He also holds a degree in Accounting from Edith Cowan University, Australia. Working experience and occupation: He began his career in 1998 as an auditor, then tax consultant with Messrs. Ernst & Young until 2004. During this period, he had wide clientele and work exposure in audit and tax consultancy covering both multinational and public listed companies notably in Fast Moving Consumer Goods ("FMCG"), manufacturing, property development, oil and gas as well as trading sectors respectively. He then transitioned to the commercial sector, where he held key finance leadership roles, including a regional management position at Hewlett Packard. Thereafter, he served as the Executive Director and CFO at Choo Bee Metal Industries Berhad, a public listed manufacturing company in Malaysia prior to joining Pecca in 2025. Upcoming Dividend • Jun 02
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 09 June 2025. Payment date: 20 June 2025. Payout ratio is a comfortable 69% and the cash payout ratio is 85%. Trailing yield: 4.1%. Lower than top quartile of Malaysian dividend payers (5.6%). Lower than average of industry peers (5.8%). Announcement • May 24
Pecca Group Berhad Announces Third Interim Single-Tier Dividend in Respect of Financial Year Ending 30 June 2025, Payable on 20 June 2025 Pecca Group Berhad announced third Interim Single Tier Dividend of 1.0 sen per ordinary share in respect of the financial year ending 30 June 2025. The above Company's securities will be traded and quoted "Ex - Dividend” as from: 09 June 2025. The last date of lodgment: 10 June 2025. Date Payable: 20 June 2025. Reported Earnings • May 23
Third quarter 2025 earnings released: EPS: RM0.02 (vs RM0.019 in 3Q 2024) Third quarter 2025 results: EPS: RM0.02 (up from RM0.019 in 3Q 2024). Revenue: RM53.1m (down 11% from 3Q 2024). Net income: RM14.2m (up 1.3% from 3Q 2024). Profit margin: 27% (up from 24% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in Asia. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Declared Dividend • Feb 22
Dividend of RM0.015 announced Shareholders will receive a dividend of RM0.015. Ex-date: 10th March 2025 Payment date: 21st March 2025 Dividend yield will be 5.2%, which is higher than the industry average of 4.1%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not adequately covered by cash flows (92% cash payout ratio). The dividend has increased by an average of 22% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 29% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 21
Second quarter 2025 earnings released: EPS: RM0.021 (vs RM0.018 in 2Q 2024) Second quarter 2025 results: EPS: RM0.021 (up from RM0.018 in 2Q 2024). Revenue: RM62.6m (down 3.3% from 2Q 2024). Net income: RM15.3m (up 15% from 2Q 2024). Profit margin: 25% (up from 21% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Nov 21
Pecca Group Berhad Announces Special Single Tier Dividend in Respect of the Financial Year Ended 30 June 2024, Payable on 13 December 2024 Pecca Group Berhad announced Special Single Tier Dividend of 1.50 sen per ordinary share in Respect of the Financial Year Ended 30 June 2024, Payable on 13 December 2024. Ex-Date is 2 December 2024. Entitlement date is 3 December 2024. Declared Dividend • Nov 20
Fourth quarter dividend of RM0.015 announced Shareholders will receive a dividend of RM0.015. Ex-date: 2nd December 2024 Payment date: 13th December 2024 Dividend yield will be 4.0%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (68% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 25% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 27% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 26
Full year 2024 earnings released: EPS: RM0.073 (vs RM0.047 in FY 2023) Full year 2024 results: EPS: RM0.073 (up from RM0.047 in FY 2023). Revenue: RM242.5m (up 9.6% from FY 2023). Net income: RM55.0m (up 55% from FY 2023). Profit margin: 23% (up from 16% in FY 2023). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Oct 22
Pecca Group Berhad, Annual General Meeting, Nov 21, 2024 Pecca Group Berhad, Annual General Meeting, Nov 21, 2024, at 10:00 Singapore Standard Time. Location: ballroom i, main wing, level 1, tropicana golf & country resorts, jalan kelab tropicana, 47410 petaling jaya, selangor darul ehsan, Malaysia Declared Dividend • Aug 24
Fourth quarter dividend of RM0.015 announced Shareholders will receive a dividend of RM0.015. Ex-date: 9th September 2024 Payment date: 20th September 2024 Dividend yield will be 4.0%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (67% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 25% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 27% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 23
Full year 2024 earnings released: EPS: RM0.073 (vs RM0.047 in FY 2023) Full year 2024 results: EPS: RM0.073 (up from RM0.047 in FY 2023). Revenue: RM242.4m (up 9.6% from FY 2023). Net income: RM55.0m (up 55% from FY 2023). Profit margin: 23% (up from 16% in FY 2023). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Jul 15
Madam Yeo Bee Hwan Resigns as Group Chief Financial Officer of Pecca Group Berhad Madam Yeo Bee Hwan, the Group Chief Financial Officer of Pecca Group Berhad has resigned to pursue other opportunities. Date of change is 15 July 2024. Age: 56. Working experience: Madam Yeo has more than 28 years of vast experience in corporate, operations, manufacturing, financial management, risk management, treasury and funding management, corporate exercises, audit and tax planning through engagements in the conglomerate, multinationals and public listed groups across diverse industries including external and internal audit, media/daily press producer, semiconductor and electronic manufacturing, oil & gas engineering and pipe making and coating, steel pipe-making and coating, and automotive industry.She started her career as an external auditor before joining Hume Industries Division under Hong Leong Group in 1994. She then joined Tuan Sing Holding Limited Group in 2000 and since then, she has held senior positions with various corporations including Wah Seong Corporation Berhad Group; Bumi Armada Berhad Group and Oriental Sheet Piling Group (JV with Steel Division under Arcelor Mittal Group). She was the Chief Financial Officer in Hiap Teck Venture Berhad Group before joining Pecca Group Barhad. Upcoming Dividend • Jul 08
Upcoming dividend of RM0.015 per share Eligible shareholders must have bought the stock before 15 July 2024. Payment date: 25 July 2024. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 4.7%. Within top quartile of Malaysian dividend payers (4.5%). Lower than average of industry peers (5.4%). Reported Earnings • May 25
Third quarter 2024 earnings released: EPS: RM0.019 (vs RM0.011 in 3Q 2023) Third quarter 2024 results: EPS: RM0.019 (up from RM0.011 in 3Q 2023). Revenue: RM59.5m (up 1.6% from 3Q 2023). Net income: RM14.1m (up 64% from 3Q 2023). Profit margin: 24% (up from 15% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 10.0% growth forecast for the Auto Components industry in Asia. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 11
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 18 March 2024. Payment date: 27 March 2024. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Malaysian dividend payers (4.8%). Lower than average of industry peers (4.8%). Reported Earnings • Feb 29
Second quarter 2024 earnings released: EPS: RM0.018 (vs RM0.011 in 2Q 2023) Second quarter 2024 results: EPS: RM0.018 (up from RM0.011 in 2Q 2023). Revenue: RM64.8m (up 21% from 2Q 2023). Net income: RM13.4m (up 59% from 2Q 2023). Profit margin: 21% (up from 16% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Auto Components industry in Asia. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 23
Upcoming dividend of RM0.01 per share at 3.3% yield Eligible shareholders must have bought the stock before 30 November 2023. Payment date: 08 December 2023. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Malaysian dividend payers (5.0%). Lower than average of industry peers (4.2%). Reported Earnings • Oct 22
Full year 2023 earnings released: EPS: RM0.047 (vs RM0.031 in FY 2022) Full year 2023 results: EPS: RM0.047 (up from RM0.031 in FY 2022). Revenue: RM221.3m (up 35% from FY 2022). Net income: RM35.4m (up 55% from FY 2022). Profit margin: 16% (up from 14% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year whereas the company’s share price has increased by 47% per year. Announcement • Oct 19
Pecca Group Berhad, Annual General Meeting, Nov 16, 2023 Pecca Group Berhad, Annual General Meeting, Nov 16, 2023, at 10:00 Singapore Standard Time. Location: Greens III, Sports Wing, Level 1, Tropicana Golf & Country ResortsJalan Kelab Tropicana 47410 Petaling Jaya Selangor Darul Ehsan Malaysia SELANGOR DARUL EHSAN Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 30 June 2023 together with the Reports of the Directors and Auditors thereon; to approve the payment of Directors' fees and benefit payable to the Directors of the Company and its subsidiary of up to MYR 330,000.00 from 17 November 2023 until the conclusion of the next Annual General Meeting of the Company; to re-appoint Crowe Malaysia PLT as auditors of the Company and to authorize the Directors to fix their remuneration; and to consider other matters. Upcoming Dividend • Sep 13
Upcoming dividend of RM0.01 per share at 2.0% yield Eligible shareholders must have bought the stock before 20 September 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Malaysian dividend payers (5.2%). Lower than average of industry peers (3.8%). Reported Earnings • Aug 30
Full year 2023 earnings released: EPS: RM0.047 (vs RM0.031 in FY 2022) Full year 2023 results: EPS: RM0.047 (up from RM0.031 in FY 2022). Revenue: RM221.3m (up 35% from FY 2022). Net income: RM35.4m (up 55% from FY 2022). Profit margin: 16% (up from 14% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year whereas the company’s share price has increased by 47% per year. Reported Earnings • Jun 02
Third quarter 2023 earnings released: EPS: RM0.011 (vs RM0.011 in 3Q 2022) Third quarter 2023 results: EPS: RM0.011 (in line with 3Q 2022). Revenue: RM58.6m (up 28% from 3Q 2022). Net income: RM8.56m (up 5.9% from 3Q 2022). Profit margin: 15% (down from 18% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 01
Pecca Group Berhad Declares Second Interim Single-Tier Dividend for the Financial Year Ending 30 June 2023 Pecca Group Berhad announced that the Board of Directors of the company declared a second interim single-tier dividend of 0.68 sen per ordinary share in respect of the financial year ending 30 June 2023. The entitlement and payment date will be determined and announced at a later date. Reported Earnings • Mar 02
Second quarter 2023 earnings released: EPS: RM0.011 (vs RM0.008 in 2Q 2022) Second quarter 2023 results: EPS: RM0.011 (up from RM0.008 in 2Q 2022). Revenue: RM53.5m (up 18% from 2Q 2022). Net income: RM8.41m (up 40% from 2Q 2022). Profit margin: 16% (up from 13% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 11
Pecca Group Berhad Announces Interim Dividend in Respect of the Financial Year Ending 30 June 2023, Payable on 07 February 2023 Pecca Group Berhad announced Interim Single Tier Dividend of MYR 0.68 per ordinary share in respect of the financial year ending 30 June 2023. Ex-Date is 25 January 2023, Entitlement date is 26 January 2023 and Payment Date 07 February 2023. Reported Earnings • Nov 24
First quarter 2023 earnings released: EPS: RM0.011 (vs RM0.001 in 1Q 2022) First quarter 2023 results: EPS: RM0.011 (up from RM0.001 in 1Q 2022). Revenue: RM54.9m (up 141% from 1Q 2022). Net income: RM8.35m (up RM7.84m from 1Q 2022). Profit margin: 15% (up from 2.3% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Nov 16
Price target increased to RM0.65 Up from RM0.50, the current price target is provided by 1 analyst. New target price is 23% below last closing price of RM0.84. Stock is down 2.3% over the past year. The company posted earnings per share of RM0.031 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Norhizan Bin Ismail was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: RM0.031 (up from RM0.027 in FY 2021). Revenue: RM164.4m (up 14% from FY 2021). Net income: RM22.9m (up 19% from FY 2021). Profit margin: 14% (in line with FY 2021). Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) also surpassed analyst estimates by 1.1%. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 27
Pecca Group Berhad, Annual General Meeting, Nov 23, 2022 Pecca Group Berhad, Annual General Meeting, Nov 23, 2022, at 10:00 China Standard Time. Agenda: To approve the Proposed Renewal of Share Buy-Back Authority. Price Target Changed • Aug 30
Price target decreased to RM0.41 Down from RM0.50, the current price target is an average from 3 analysts. New target price is 51% below last closing price of RM0.84. Stock is up 12% over the past year. The company is forecast to post earnings per share of RM0.034 for next year compared to RM0.03 last year. Upcoming Dividend • Aug 01
Upcoming dividend of RM0.014 per share Eligible shareholders must have bought the stock before 08 August 2022. Payment date: 16 August 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Malaysian dividend payers (4.9%). Lower than average of industry peers (2.8%). Announcement • Jul 26
Pecca Group Berhad Announces Interim Single Tier Dividend of the Financial Year Ended 30 June 2022, Payment Date 16 Aug. 2022 Pecca Group Berhad announced Interim Single Tier Dividend of MYR 0.0140 per ordinary share in respect of the financial year ended 30 June 2022.Ex-Date 08 Aug. 2022, Entitlement date 09 Aug. 2022 and Payment Date 16 Aug. 2022. Announcement • Jun 02
Pecca Group Berhad Appoints Foo Ken Nee as Chief Executive Officer Pecca Group Berhad announced the appointment of Mr. Foo Ken Nee as Chief Executive Officer, effective from 01 June 2022. Foo Ken Nee ("Mr Foo") has been appointed as the Chief Executive Officer of Pecca Group Berhad on 1 June 2022 and shall be responsible for driving strategic growth and expansion opportunities of the Group. Foo is a qualified Chartered Accountant and a member of the Malaysian Institute of Accountants and CPA Australia. He obtained his Bachelor of Commerce from Murdoch University, Western Australia, majoring in Accounting and Finance. Reported Earnings • May 28
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: RM0.044 (vs RM0.044 in 3Q 2021). Revenue: RM45.7m (up 7.4% from 3Q 2021). Net income: RM8.09m (flat on 3Q 2021). Profit margin: 18% (down from 19% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) also missed analyst estimates by 19%. Over the next year, revenue is forecast to grow 10%, compared to a 20% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 40% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Norhizan Bin Ismail was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 19
Pecca Group Berhad Announces Appointment of Madam Yeo Bee Hwan as Chief Financial Officer Pecca Group Berhad announced appointment of MADAM YEO BEE HWAN as Chief Financial Officer. Date of change is 18 April 2022. Madam Yeo Bee Hwan has 28 years of vast experience in corporate, operations, manufacturing, financial management, risk management, treasury and funding management, audit and tax planning through engagement in the conglomerate, multinationals and public listed groups across diverse industries including external and internal audit, media/daily press producer, semiconductor and electronic manufacturing, oil & gas engineering and pipe making and coating, and steel pipe-making and coating. Reported Earnings • Feb 27
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: RM0.033 (down from RM0.035 in 2Q 2021). Revenue: RM45.2m (up 14% from 2Q 2021). Net income: RM6.00m (flat on 2Q 2021). Profit margin: 13% (down from 15% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) also missed analyst estimates by 19%. Over the next year, revenue is forecast to grow 19%, compared to a 21% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 03
Full year 2021 earnings released: EPS RM0.11 (vs RM0.046 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: RM144.8m (up 38% from FY 2020). Net income: RM19.2m (up 129% from FY 2020). Profit margin: 13% (up from 8.0% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • Sep 23
Independent & Non Executive Director Chee Leong has left the company On the 17th of September, Chee Leong's tenure as Independent & Non Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under Chee's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 1.92 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Sep 14
Full year 2021 earnings released: EPS RM0.10 (vs RM0.046 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: RM144.8m (up 38% from FY 2020). Net income: RM19.2m (up 129% from FY 2020). Profit margin: 13% (up from 8.0% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • Aug 25
Executive Director Kian Seng Chew has left the company On the 20th of August, Kian Seng Chew's tenure as Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under Kian Seng's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 2.58 years. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment deteriorated over the past week After last week's 18% share price decline to RM3.29, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Auto Components industry in Asia. Total returns to shareholders of 303% over the past three years. Announcement • Aug 04
Pecca Group Berhad (KLSE:PECCA) agreed to acquire a 51% stake in Rentas Health Sdn Bhd for MYR 100 million. Pecca Group Berhad (KLSE:PECCA) agreed to acquire a 51% stake in Rentas Health Sdn Bhd for MYR 100 million on August 2, 2021. The Purchase Consideration shall be satisfied via a combination of MYR 50 million in cash and issuance of approximately 12 million new Pecca Shares. The Cash Consideration will be funded via internally generated funds and/or bank borrowings. Rentas Health has a sales and marketing team comprising 12 staff members. The transaction is subject to approval of offer by acquirer shareholders. Rentas Health will provide a guarantee of a profit after tax of no less than MYR 23 million for the financial year ending June 30, 2022. PIVB has been appointed as the Principal Adviser for the Proposals. Executive Departure • Jul 20
Chief Financial Officer Tat Tang has left the company On the 13th of July, Tat Tang's tenure as Chief Financial Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Tat's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.75 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • May 29
Chief Financial Officer has left the company On the 21st of May, Ken Nee Foo's tenure as Chief Financial Officer ended after 2.4 years in the role. We don't have any record of a personal shareholding under Ken Nee's name. A total of 2 executives have left over the last 12 months. Reported Earnings • May 23
Third quarter 2021 earnings released: EPS RM0.044 (vs RM0.002 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: RM42.5m (up 83% from 3Q 2020). Net income: RM8.05m (up RM7.71m from 3Q 2020). Profit margin: 19% (up from 1.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • May 21
Joint Secretary has left the company On the 12th of May, Wong Wei Fong's tenure as Joint Secretary ended after 1.5 years in the role. We don't have any record of a personal shareholding under Wong Wei's name. Wong Wei is the only executive to leave the company over the last 12 months. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improved over the past week After last week's 15% share price gain to RM4.28, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 16x in the Auto Components industry in Asia. Total returns to shareholders of 340% over the past three years. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 16% share price gain to RM3.32, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 16x in the Auto Components industry in Asia. Total returns to shareholders of 233% over the past three years. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improved over the past week After last week's 20% share price gain to RM2.48, the stock is trading at a trailing P/E ratio of 40.5x, up from the previous P/E ratio of 33.7x. This compares to an average P/E of 29x in the Auto Components industry in Asia. Total returns to shareholders over the past three years are 123%. Major Estimate Revision • Mar 05
Analysts update estimates The 2021 consensus earning per share (EPS) estimate increased from RM0.12 to RM0.13. Revenue estimate for the same period was approximately flat at RM167.5m. Net income is expected to grow by 117% next year compared to 58% growth forecast for the Auto Components industry in Malaysia. The consensus price target increased from RM1.56 to RM1.80. Share price is up 9.2% to RM2.26 over the past week. Price Target Changed • Mar 01
Price target raised to RM1.80 Up from RM1.55, the current price target is an average from 2 analysts. The new target price is 12% below the current share price of RM2.06. As of last close, the stock is up 104% over the past year. Reported Earnings • Feb 27
Second quarter 2021 earnings released: EPS RM0.035 (vs RM0.023 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RM39.5m (up 26% from 2Q 2020). Net income: RM6.05m (up 46% from 2Q 2020). Profit margin: 15% (up from 13% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 23
New 90-day high: RM2.09 The company is up 41% from its price of RM1.48 on 25 November 2020. The Malaysian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RM0.46 per share. Announcement • Nov 24
Pecca Group Berhad Announces Resumption of Operations of Subsidiary Pecca Leather Sdn Bhd and Covid-19 Update The Board of Directors of Pecca Group Berhad announced that the company's production floor has resumed operations on 23rd November 2020, manned by production staff who tested COVID19 negative and staff who had no close contact with the positive cases. Office employees would continue to Work From Home, under strict advice to continue abiding to the stringent Ministry of Health regulations at all times. After completing more than 600 tests on Pecca employees, two Pecca employees were tested positive, and are receiving medical care as per MOH regulations. Close contacts of the said employees are still in quarantine and will be tested again on 25th November 2020. Pending the results of the second test, they will not be allowed to return to operations. In line with MOH's latest advisory and review of Pecca's preventive measures, the Group shall continue the frequency of disinfection of its premises of three times daily, and raise budget allocations for more stringent safety practices. Pecca does not anticipate material financial impact from the six-day closure, and will continue serving its clients with the same level of reliability as before. Announcement • Nov 21
Pecca Group Berhad Expects to Resume Its Operations on 23 November 2020 Pecca Group Berhad announced that the company is expected to resume its operations on 23rd November 2020. Is New 90 Day High Low • Nov 13
New 90-day high: RM1.63 The company is up 52% from its price of RM1.07 on 14 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 Auto Components industry, which is up 39% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RM0.69 per share.