Reported Earnings • Feb 25
Full year 2025 earnings released: RM0.017 loss per share (vs RM0.014 loss in FY 2024) Full year 2025 results: RM0.017 loss per share (further deteriorated from RM0.014 loss in FY 2024). Revenue: RM27.5m (up 46% from FY 2024). Net loss: RM10.0m (loss widened 28% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Announcement • Feb 13
ECA Integrated Solution Berhad, Annual General Meeting, Mar 17, 2026 ECA Integrated Solution Berhad, Annual General Meeting, Mar 17, 2026, at 09:00 Singapore Standard Time. Location: iconic 1-2, level 7, iconic hotel penang, 71, jalan icon city, bukit mertajam, 14000 penang, Malaysia Reported Earnings • Dec 23
Full year 2025 earnings released: RM0.017 loss per share (vs RM0.014 loss in FY 2024) Full year 2025 results: RM0.017 loss per share (further deteriorated from RM0.014 loss in FY 2024). Revenue: RM27.5m (up 46% from FY 2024). Net loss: RM10.0m (loss widened 28% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. New Risk • Oct 13
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 Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 56% per year over the past 5 years. Minor Risks Revenue is less than US$5m (RM17m revenue, or US$4.0m). Market cap is less than US$100m (RM139.0m market cap, or US$32.9m). Reported Earnings • Sep 23
Third quarter 2025 earnings released: RM0.008 loss per share (vs RM0.004 loss in 3Q 2024) Third quarter 2025 results: RM0.008 loss per share (further deteriorated from RM0.004 loss in 3Q 2024). Revenue: RM5.59m (up 39% from 3Q 2024). Net loss: RM4.81m (loss widened 106% from 3Q 2024). Reported Earnings • Jun 24
Second quarter 2025 earnings released: RM0.001 loss per share (vs RM0 in 2Q 2024) Second quarter 2025 results: RM0.001 loss per share (further deteriorated from RM0 in 2Q 2024). Revenue: RM6.65m (up 14% from 2Q 2024). Net loss: RM673.0k (down 367% from profit in 2Q 2024). New Risk • May 02
New major risk - Revenue and earnings growth Earnings have declined by 44% 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 Risk Earnings have declined by 44% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Revenue is less than US$5m (RM14m revenue, or US$3.3m). Market cap is less than US$100m (RM104.2m market cap, or US$24.3m). 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 Director Shanmughanathan Vellanthurai was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 30
First quarter 2025 earnings released: RM0.01 loss per share (vs RM0 in 1Q 2024) First quarter 2025 results: RM0.01 loss per share (further deteriorated from RM0 in 1Q 2024). Revenue: RM1.18m (down 79% from 1Q 2024). Net loss: RM5.96m (down RM6.13m from profit in 1Q 2024). Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Machinery industry in Malaysia. Announcement • Feb 27
ECA Integrated Solution Berhad, Annual General Meeting, Mar 27, 2025 ECA Integrated Solution Berhad, Annual General Meeting, Mar 27, 2025, at 09:00 Singapore Standard Time. Location: iconic hotel penang, 71, jalan icon city, bukit mertajam, 14000 penang, jalan icon Malaysia Reported Earnings • Dec 28
Full year 2024 earnings released: RM0.013 loss per share (vs RM0.019 profit in FY 2023) Full year 2024 results: RM0.013 loss per share (down from RM0.019 profit in FY 2023). Revenue: RM18.8m (down 47% from FY 2023). Net loss: RM7.83m (down 173% from profit in FY 2023). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Machinery industry in Malaysia. Buy Or Sell Opportunity • Dec 24
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.7% to RM0.26. The fair value is estimated to be RM0.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Dec 09
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.9% to RM0.26. The fair value is estimated to be RM0.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Meanwhile, the company became loss making. New Risk • Oct 01
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 Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Revenue is less than US$5m (RM20m revenue, or US$4.8m). Market cap is less than US$100m (RM133.2m market cap, or US$32.0m). New Risk • Sep 27
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: RM20m (US$4.9m) This is considered a minor risk. Companies with a small amount of revenue 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: Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Revenue is less than US$5m (RM20m revenue, or US$4.9m). Market cap is less than US$100m (RM162.1m market cap, or US$39.3m). Buy Or Sell Opportunity • Sep 27
Now 32% undervalued after recent price drop Over the last 90 days, the stock has fallen 44% to RM0.23. The fair value is estimated to be RM0.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Meanwhile, the company became loss making. New Risk • Aug 05
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 8.5% 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: Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Profit margins are more than 30% lower than last year (13% net profit margin). Market cap is less than US$100m (RM185.3m market cap, or US$41.9m). Reported Earnings • Jun 26
Second quarter 2024 earnings released: EPS: RM0 (vs RM0.005 in 2Q 2023) Second quarter 2024 results: EPS: RM0 (down from RM0.005 in 2Q 2023). Revenue: RM5.81m (down 47% from 2Q 2023). Net income: RM252.0k (down 92% from 2Q 2023). Profit margin: 4.3% (down from 29% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Machinery industry in Malaysia. Reported Earnings • Mar 31
First quarter 2024 earnings released: EPS: RM0 (vs RM0.007 in 1Q 2023) First quarter 2024 results: EPS: RM0 (down from RM0.007 in 1Q 2023). Revenue: RM5.62m (down 28% from 1Q 2023). Net income: RM165.0k (down 94% from 1Q 2023). Profit margin: 2.9% (down from 38% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in Malaysia. Announcement • Mar 01
ECA Integrated Solution Berhad, Annual General Meeting, Mar 29, 2024 ECA Integrated Solution Berhad, Annual General Meeting, Mar 29, 2024, at 09:00 Singapore Standard Time. Location: E-10-4, Megan Avenue 1 189, Jalan Tun Razak, 50400 Kuala Lumpur, W.P. Kuala Lumpur, Kuala Lumpur Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31 October 2023 together with Reports of the Directors' and the Auditors' thereon; to re-elect Mr Ooi Chin Siew as Director in accordance with Clause 95 of the Constitution of the Company; to re-elect Mr Chua Lye Hock as Director in accordance with Clause 95 of the Constitution of the Company; to approve the payment of Directors' fees and benefits payable to the Non-Executive Directors of the Company and its subsidiaries up to an aggregate amount of RM400,000.00 per annum until the next Annual General Meeting of the Company; to re-appoint Messrs Kreston John & Gan as Auditors of the Company and to authorise the Directors to fix their remuneration; and to consider other matters. Announcement • Feb 21
ECA Integrated Solution Berhad Announces Resignation of Florence Toh Sue Mei as Company Secretary ECA Integrated Solution Berhad announced Resignation of FLORENCE TOH SUE MEI as Company Secretary. Date Of Change 20 February 2024. Buying Opportunity • Dec 29
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 39%. The fair value is estimated to be RM0.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has declined by 92%. Revenue is forecast to grow by 81% in 2 years. Earnings is forecast to grow by 95% in the next 2 years. Reported Earnings • Sep 30
Third quarter 2023 earnings released: EPS: RM0.011 (vs RM0.007 in 3Q 2022) Third quarter 2023 results: EPS: RM0.011 (up from RM0.007 in 3Q 2022). Revenue: RM10.9m (up 39% from 3Q 2022). Net income: RM3.15m (up 6.1% from 3Q 2022). Profit margin: 29% (down from 38% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Machinery industry in Malaysia. New Risk • Sep 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended October 2022. 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 High level of non-cash earnings (39% accrual ratio). Minor Risk Latest financial reports are more than 6 months old (reported October 2022 fiscal period end). New Risk • Aug 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended October 2022. 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 High level of non-cash earnings (39% accrual ratio). Minor Risk Latest financial reports are more than 6 months old (reported October 2022 fiscal period end). Reported Earnings • Mar 06
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: RM0.018 (down from RM8.18 in FY 2021). Revenue: RM27.5m (up 34% from FY 2021). Net income: RM7.81m (down 4.5% from FY 2021). Profit margin: 28% (down from 40% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 41%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in Malaysia. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to RM1.06, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 13x in the Machinery industry in Malaysia. Reported Earnings • Dec 29
Full year 2022 earnings released: EPS: RM0.018 (vs RM8.18 in FY 2021) Full year 2022 results: EPS: RM0.018 (down from RM8.18 in FY 2021). Revenue: RM27.5m (up 34% from FY 2021). Net income: RM7.81m (down 4.5% from FY 2021). Profit margin: 28% (down from 40% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Machinery industry in Malaysia. Board Change • Nov 24
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. COO & Executive Director Lye Chua is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.