Announcement • Apr 26
Gan Kok Xan acquired 35.86% stake in Pineapple Resources Berhad (KLSE:PINEAPP) from Chuan Huat Holdings Sdn Bhd for MYR 14.6 million. Gan Kok Xan acquired 35.85% stake in Pineapple Resources Berhad (KLSE:PINEAPP) from Chuan Huat Holdings Sdn Bhd for MYR 14.6 million on April 24, 2026. A cash consideration will be paid by the buyer. As part of consideration, MYR 14.608 million is paid towards common 17.39 million equity shares of Pineapple Resources Berhad.
The expected completion of the transaction is April 24, 2026 to May 24, 2026.
Gan Kok Xan completed the acquisition of 35.86% stake in Pineapple Resources Berhad (KLSE:PINEAPP) from Chuan Huat Holdings Sdn Bhd on April 24, 2026. Reported Earnings • Mar 02
Second quarter 2026 earnings released: RM0.006 loss per share (vs RM0.002 loss in 2Q 2025) Second quarter 2026 results: RM0.006 loss per share (further deteriorated from RM0.002 loss in 2Q 2025). Revenue: RM187.8m (flat on 2Q 2025). Net loss: RM1.10m (loss widened 217% from 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. New Risk • Dec 15
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM40.5m (US$9.89m) 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 Interest payments are not well covered by earnings (0.3x net interest cover). Shares are highly illiquid. Earnings have declined by 38% per year over the past 5 years. Market cap is less than US$10m (RM40.5m market cap, or US$9.89m). Reported Earnings • Nov 29
First quarter 2026 earnings released: RM0.003 loss per share (vs RM0.018 loss in 1Q 2025) First quarter 2026 results: RM0.003 loss per share (improved from RM0.018 loss in 1Q 2025). Revenue: RM200.0m (down 6.1% from 1Q 2025). Net loss: RM450.0k (loss narrowed 85% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Announcement • Oct 30
Chuan Huat Resources Berhad, Annual General Meeting, Dec 10, 2025 Chuan Huat Resources Berhad, Annual General Meeting, Dec 10, 2025, at 11:30 Singapore Standard Time. Location: lkc conference room, ground floor, lot 19, jalan 1/89b, 3 1/2 mile off jalan sungai besi, 57100 kuala lumpur, Malaysia Buy Or Sell Opportunity • Oct 22
Now 21% overvalued Over the last 90 days, the stock has fallen 14% to RM0.28. The fair value is estimated to be RM0.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 31
Full year 2025 earnings released: RM0.053 loss per share (vs RM0.028 loss in FY 2024) Full year 2025 results: RM0.053 loss per share (further deteriorated from RM0.028 loss in FY 2024). Revenue: RM750.4m (down 3.2% from FY 2024). Net loss: RM8.91m (loss widened 92% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Reported Earnings • May 31
Third quarter 2025 earnings released: RM0.013 loss per share (vs RM0.01 loss in 3Q 2024) Third quarter 2025 results: RM0.013 loss per share (further deteriorated from RM0.01 loss in 3Q 2024). Revenue: RM168.0m (down 17% from 3Q 2024). Net loss: RM2.25m (loss widened 27% from 3Q 2024). 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 • Mar 01
Second quarter 2025 earnings released: RM0.002 loss per share (vs RM0.003 loss in 2Q 2024) Second quarter 2025 results: RM0.002 loss per share (improved from RM0.003 loss in 2Q 2024). Revenue: RM188.8m (down 11% from 2Q 2024). Net loss: RM348.0k (loss narrowed 39% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 29
First quarter 2025 earnings released: RM0.018 loss per share (vs RM0.007 loss in 1Q 2024) First quarter 2025 results: RM0.018 loss per share (further deteriorated from RM0.007 loss in 1Q 2024). Revenue: RM213.1m (up 21% from 1Q 2024). Net loss: RM3.01m (loss widened 138% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Announcement • Oct 31
Chuan Huat Resources Berhad, Annual General Meeting, Dec 10, 2024 Chuan Huat Resources Berhad, Annual General Meeting, Dec 10, 2024, at 11:30 Singapore Standard Time. Location: lkc conference room, ground floor, lot 19, jalan 1/89b, 3 1/2 mile off jalan sungai besi, 57100 kuala lumpur, Malaysia Reported Earnings • Aug 30
Full year 2024 earnings released: RM0.026 loss per share (vs RM0.014 loss in FY 2023) Full year 2024 results: RM0.026 loss per share (further deteriorated from RM0.014 loss in FY 2023). Revenue: RM775.3m (up 18% from FY 2023). Net loss: RM4.47m (loss widened 86% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. New Risk • Apr 18
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 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.7x net interest cover). Earnings have declined by 6.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (RM69.2m market cap, or US$14.5m). Announcement • Mar 01
Chuan Huat Resources Berhad Announces the Appointment of Mr. Lim Kean Seng as Executive Director Chuan Huat Resources Berhad announced the appointment of Mr. Lim Kean Seng as Executive Director, age 47, Date of change 01 Mar 2024, Degree in Bachelor of Business Administration from Sunway University. Working experience and occupation: Mr. Lim Kean Seng's ("Mr Lim") professional journey commenced with Chuan Huat Resources Berhad Group (Group), where he assumed the role of Warehouse and Procurement Executive at Chuan Huat Hardware Sdn. Bhd. (now Chuan Huat Steel Sdn. Bhd.), a wholly owned and major subsidiary of the Group. Over time, he ascended to a position supporting the Group CEO and played a pivotal role in enhancing production standards at CHRS Samawira Mesh Sdn. Bhd., a wholly owned subsidiary specializing in BRC and wire products. Since 2007, Mr. Lim has served as an Executive Director of Chuan Huat Steel Sdn. Bhd. and has held similar positions in other subsidiary companies throughout his 24-year tenure with the Group. Leveraging his extensive expertise in the steel and building materials sector, he spearheads procurement strategies for steel and oversees the operational facets of various subsidiary companies' businesses within the Group. Reported Earnings • Feb 29
Second quarter 2024 earnings released: RM0.003 loss per share (vs RM0.001 loss in 2Q 2023) Second quarter 2024 results: RM0.003 loss per share (further deteriorated from RM0.001 loss in 2Q 2023). Revenue: RM211.1m (up 42% from 2Q 2023). Net loss: RM570.0k (loss widened 246% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Nov 06
Full year 2023 earnings released: RM0.014 loss per share (vs RM0.041 profit in FY 2022) Full year 2023 results: RM0.014 loss per share (down from RM0.041 profit in FY 2022). Revenue: RM659.5m (up 8.3% from FY 2022). Net loss: RM2.41m (down 135% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Oct 31
Chuan Huat Resources Berhad, Annual General Meeting, Dec 13, 2023 Chuan Huat Resources Berhad, Annual General Meeting, Dec 13, 2023, at 15:30 Singapore Standard Time. 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 benefits payable to the Directors of the Company and its' subsidiaries (CHRB Group) of up to MYR 380,000 from the date of the 29th Annual General Meeting until the next AGM of the Company; to re-elect the Director, Mr. Nicholas Lim Kean Hoong, who retires in accordance with Article 94 of the Company's Constitution and being eligible, has offered himself for re-election; to re-elect the Director, Mr. Lim Kah Poon, who retires in accordance with Article 94 of the Company's Constitution and being eligible, has offered himself for re-election; to consider Approval for Tan Sri Dato Sri Dr. Abdul Aziz bin Abdul Rahman to continue in Office as Independent Director; and to consider other matters. Reported Earnings • Aug 29
Full year 2023 earnings released: RM0.014 loss per share (vs RM0.041 profit in FY 2022) Full year 2023 results: RM0.014 loss per share (down from RM0.041 profit in FY 2022). Revenue: RM659.5m (up 8.3% from FY 2022). Net loss: RM2.34m (down 134% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 27
Third quarter 2023 earnings released: RM0.011 loss per share (vs RM0.01 loss in 3Q 2022) Third quarter 2023 results: RM0.011 loss per share (further deteriorated from RM0.01 loss in 3Q 2022). Revenue: RM172.0m (up 9.4% from 3Q 2022). Net loss: RM1.83m (loss widened 6.9% from 3Q 2022). 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 18% per year, which means it is significantly lagging earnings growth. Board Change • May 03
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. Independent and Non Executive Director Thiam Chen was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 23
Second quarter 2023 earnings released: RM0.001 loss per share (vs RM0.03 profit in 2Q 2022) Second quarter 2023 results: RM0.001 loss per share (down from RM0.03 profit in 2Q 2022). Revenue: RM149.2m (down 24% from 2Q 2022). Net loss: RM165.0k (down 103% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Dec 21
Chuan Huat Resources Berhad Announces Resignation of Encik Dali Kumar @ Dali Bin Sardar as Independent and Non Executive Director Chuan Huat Resources Berhad announced resignation ENCIK DALI KUMAR @ DALI BIN SARDAR as Independent and Non Executive Director. Date of change is 20 December 2022. Reason was to be in line with good corporate governance practice and to purse other corporate interests. He was the Managing Director of Citicorp Capital Sdn Bhd. Subsequently he was the CEO of Utama Merchant Bank Berhad till 1996. Left to set DTA Capital Partners Sdn Bhd, a boutique corporate finance set-up. He also serves as Independent Director of Maybank Islamic Berhad and Nova MSC Berhad. He was an independent Director of Chuan Huat Resources since July 1999. Reported Earnings • Nov 23
First quarter 2023 earnings released First quarter 2023 results: Revenue: RM169.1m (up 76% from 1Q 2022). Net loss: RM67.0k (down 103% from profit in 1Q 2022). Profit margin: 0% (down from 2.2% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 5% 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. 2 experienced directors. 5 highly experienced directors. Independent Non Executive Director Frankie Chow was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 03
Full year 2022 earnings released: EPS: RM0.043 (vs RM0.089 in FY 2021) Full year 2022 results: EPS: RM0.043 (down from RM0.089 in FY 2021). Revenue: RM609.0m (down 3.9% from FY 2021). Net income: RM7.24m (down 52% from FY 2021). Profit margin: 1.2% (down from 2.4% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 26
Full year 2022 earnings released: EPS: RM0.043 (vs RM0.089 in FY 2021) Full year 2022 results: EPS: RM0.043 (down from RM0.089 in FY 2021). Revenue: RM609.0m (down 3.9% from FY 2021). Net income: RM7.24m (down 52% from FY 2021). Profit margin: 1.2% (down from 2.4% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • May 27
Third quarter 2022 earnings released: RM0.01 loss per share (vs RM0.031 profit in 3Q 2021) Third quarter 2022 results: RM0.01 loss per share (down from RM0.031 profit in 3Q 2021). Revenue: RM157.3m (down 4.7% from 3Q 2021). Net loss: RM2.05m (down 139% from profit in 3Q 2021). 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 6% per year, which means it is significantly lagging earnings growth. Board Change • Apr 29
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. 2 experienced directors. 5 highly experienced directors. Independent Non Executive Director Frankie Chow was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 24
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: RM0.03 (up from RM0.016 in 2Q 2021). Revenue: RM195.6m (up 13% from 2Q 2021). Net income: RM5.33m (up 94% from 2Q 2021). Profit margin: 2.7% (up from 1.6% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 08
Upcoming dividend of RM0.018 per share Eligible shareholders must have bought the stock before 15 December 2021. Payment date: 28 December 2021. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Malaysian dividend payers (4.6%). Higher than average of industry peers (2.4%). Reported Earnings • Nov 03
Full year 2021 earnings released: EPS RM0.089 (vs RM0.094 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: RM633.6m (up 5.1% from FY 2020). Net income: RM15.1m (up RM30.9m from FY 2020). Profit margin: 2.4% (up from net loss in FY 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 15% per year, which means it is well ahead of earnings. Reported Earnings • Sep 29
Full year 2021 earnings released: EPS RM0.089 (vs RM0.094 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: RM634.1m (up 5.2% from FY 2020). Net income: RM15.0m (up RM30.7m from FY 2020). Profit margin: 2.4% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • May 27
Third quarter 2021 earnings released: EPS RM0.031 (vs RM0.009 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: RM165.0m (down 3.7% from 3Q 2020). Net income: RM5.39m (up RM6.92m from 3Q 2020). Profit margin: 3.3% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 24
New 90-day high: RM0.49 The company is up 40% from its price of RM0.35 on 26 November 2020. The Malaysian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 10.0% over the same period. Is New 90 Day High Low • Feb 02
New 90-day high: RM0.46 The company is up 44% from its price of RM0.32 on 04 November 2020. The Malaysian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 10.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day high: RM0.45 The company is up 61% from its price of RM0.28 on 24 September 2020. The Malaysian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 13% over the same period. Reported Earnings • Nov 27
First quarter 2021 earnings released: EPS RM0.004 The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: RM158.3m (down 26% from 1Q 2020). Net income: RM709.0k (up RM3.44m from 1Q 2020). Profit margin: 0.4% (up from net loss in 1Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 82% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 25
First quarter 2021 earnings released: EPS RM0.005 The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: RM158.3m (down 26% from 1Q 2020). Net income: RM709.0k (up RM3.44m from 1Q 2020). Profit margin: 0.4% (up from net loss in 1Q 2020). The move to profitability was 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 24
New 90-day high: RM0.34 The company is up 8.0% from its price of RM0.32 on 26 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 Trade Distributors industry, which is up 7.0% over the same period.