Reported Earnings • May 28
First quarter 2026 earnings released: EPS: RM0.002 (vs RM0.022 loss in 1Q 2025) First quarter 2026 results: EPS: RM0.002 (up from RM0.022 loss in 1Q 2025). Revenue: RM674.1m (up 4.3% from 1Q 2025). Net income: RM2.02m (up RM20.0m from 1Q 2025). Profit margin: 0.3% (up from net loss in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 130 percentage points per year, which is a significant difference in performance. Board Change • May 08
High number of new directors There are 5 new directors who have joined the board in the last 3 years. MD, CEO & Director Shaiful Bin Subhan was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 28
Full year 2025 earnings released: RM0.48 loss per share (vs RM0.062 profit in FY 2024) Full year 2025 results: RM0.48 loss per share (down from RM0.062 profit in FY 2024). Revenue: RM2.87b (down 5.9% from FY 2024). Net loss: RM401.2m (down RM453.1m from profit in FY 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 27
Third quarter 2025 earnings released: RM0.11 loss per share (vs RM0.012 profit in 3Q 2024) Third quarter 2025 results: RM0.11 loss per share (down from RM0.012 profit in 3Q 2024). Revenue: RM770.8m (down 2.8% from 3Q 2024). Net loss: RM94.1m (down RM104.4m from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 29
Second quarter 2025 earnings released: EPS: RM0.012 (vs RM0.015 in 2Q 2024) Second quarter 2025 results: EPS: RM0.012 (down from RM0.015 in 2Q 2024). Revenue: RM730.3m (down 3.8% from 2Q 2024). Net income: RM9.61m (down 24% from 2Q 2024). Profit margin: 1.3% (down from 1.7% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 17% per year. Reported Earnings • May 28
First quarter 2025 earnings released: RM0.022 loss per share (vs RM0.012 profit in 1Q 2024) First quarter 2025 results: RM0.022 loss per share (down from RM0.012 profit in 1Q 2024). Revenue: RM646.1m (down 4.7% from 1Q 2024). Net loss: RM18.0m (down 284% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. New Risk • May 28
New major risk - Revenue and earnings growth Earnings have declined by 20% 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 20% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (137% payout ratio). Large one-off items impacting financial results. Announcement • Apr 29
UEM Edgenta Berhad, Annual General Meeting, Jun 19, 2025 UEM Edgenta Berhad, Annual General Meeting, Jun 19, 2025, at 10:00 Singapore Standard Time. Location: the vertical, connexion conference & event centre, the summit 1 ballroom (level m1, the vertical), bangsar south city, no. 8, jalan kerinchi, 59200 kuala lumpur, Malaysia Upcoming Dividend • Apr 14
Upcoming dividend of RM0.04 per share Eligible shareholders must have bought the stock before 21 April 2025. Payment date: 16 May 2025. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Malaysian dividend payers (5.9%). Higher than average of industry peers (3.0%). New Risk • Mar 03
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 6.8% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Declared Dividend • Feb 28
Dividend of RM0.04 announced Shareholders will receive a dividend of RM0.04. Ex-date: 21st April 2025 Payment date: 16th May 2025 Dividend yield will be 5.3%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: RM0.062 (vs RM0.037 in FY 2023) Full year 2024 results: EPS: RM0.062 (up from RM0.037 in FY 2023). Revenue: RM3.05b (up 5.9% from FY 2023). Net income: RM51.8m (up 66% from FY 2023). Profit margin: 1.7% (up from 1.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Construction industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Jan 09
Now 21% undervalued Over the last 90 days, the stock has risen 17% to RM0.82. The fair value is estimated to be RM1.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 19%. Revenue is forecast to grow by 1.6% in 2 years. Earnings are forecast to grow by 72% in the next 2 years. Major Estimate Revision • Dec 03
Consensus EPS estimates increase by 20%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from RM3.13b to RM3.00b. EPS estimate rose from RM0.05 to RM0.06. Net income forecast to grow 62% next year vs 35% growth forecast for Construction industry in Malaysia. Consensus price target up from RM0.92 to RM0.94. Share price rose 4.0% to RM0.66 over the past week. Reported Earnings • Nov 27
Third quarter 2024 earnings released: EPS: RM0.012 (vs RM0.006 in 3Q 2023) Third quarter 2024 results: EPS: RM0.012 (up from RM0.006 in 3Q 2023). Revenue: RM793.2m (up 10.0% from 3Q 2023). Net income: RM10.2m (up 102% from 3Q 2023). Profit margin: 1.3% (up from 0.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Construction industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Nov 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to RM0.63. The fair value is estimated to be RM0.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 8.7% in 2 years. Earnings are forecast to grow by 43% in the next 2 years. Buy Or Sell Opportunity • Oct 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to RM0.66. The fair value is estimated to be RM0.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 8.7% in 2 years. Earnings are forecast to grow by 43% in the next 2 years. Major Estimate Revision • Sep 04
Consensus EPS estimates increase by 25% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from RM2.92b to RM3.13b. EPS estimate increased from RM0.04 to RM0.05 per share. Net income forecast to grow 37% next year vs 41% growth forecast for Construction industry in Malaysia. Consensus price target up from RM0.89 to RM0.92. Share price rose 2.9% to RM0.72 over the past week. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: RM0.015 (vs RM0.015 in 2Q 2023) Second quarter 2024 results: EPS: RM0.015 (in line with 2Q 2023). Revenue: RM759.5m (up 5.6% from 2Q 2023). Net income: RM12.6m (flat on 2Q 2023). Profit margin: 1.7% (in line with 2Q 2023). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Construction industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Announcement • Aug 14
Uem Edgenta Berhad Appoints Encik Ahmad Fazril Bin Mohd Fauzi as Chief Financial Officer UEM Edgenta Berhadannounced the appointment of Encik Ahmad Fazril Bin Mohd Fauzi as Chief Financial Officer. Age 41, Date of change 12 August 2024. Qualifications Degree Bachelor of Commerce (Majoring in Accounting and Finance), Deakin University, Melbourne, Australia, Professional Qualification Certified Public Accountant Malaysian Institute of Certified Public Accountants, Professional Qualification Chartered Accountant Malaysian Institute of Accountants, Others Certified Integrity Officer Malaysian Anti-Corruption Commission. Working experience and occupation Encik Ahmad Fazril brings over 17 years of experience in finance, accounting, internal audit, risk management, and human resources. He joins UEM Edgenta Berhad from Boustead Heavy Industries Corporation Berhad, where he served as Chief Financial Officer. Previously, he was the Head of Group Internal Audit, Risk Management, and Integrity & Governance at Boustead Holdings Berhad, and he has held several other roles within finance and accounting throughout his career with Boustead Holdings Berhad. Buy Or Sell Opportunity • Jul 01
Now 13% overvalued Over the last 90 days, the stock has fallen 5.2% to RM0.91. The fair value is estimated to be RM0.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 2.7% in 2 years. Earnings are forecast to grow by 32% in the next 2 years. Buy Or Sell Opportunity • Jun 21
Now 21% overvalued Over the last 90 days, the stock has fallen 6.3% to RM0.90. The fair value is estimated to be RM0.74, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 2.7% in 2 years. Earnings are forecast to grow by 32% in the next 2 years. Buy Or Sell Opportunity • Jun 06
Now 22% overvalued Over the last 90 days, the stock has fallen 7.3% to RM0.89. The fair value is estimated to be RM0.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 2.7% in 2 years. Earnings are forecast to grow by 32% in the next 2 years. Reported Earnings • May 30
First quarter 2024 earnings released: EPS: RM0.012 (vs RM0.013 in 1Q 2023) First quarter 2024 results: EPS: RM0.012 (down from RM0.013 in 1Q 2023). Revenue: RM677.6m (up 7.2% from 1Q 2023). Net income: RM9.77m (down 10% from 1Q 2023). Profit margin: 1.4% (down from 1.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 9.3% growth forecast for the Construction 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 fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Apr 30
UEM Edgenta Berhad, Annual General Meeting, Jun 04, 2024 UEM Edgenta Berhad, Annual General Meeting, Jun 04, 2024, at 15:00 Singapore Standard Time. Agenda: To receive the Audited Financial Statements of the Company for the financial year ended 31 December 2023 together with the Directors' and Auditors' reports thereon; to re-elect the Directors, En. Syahrunizam Samsudin and Pn. Rowina Ghazali Seth who are retiring in accordance with Article 91 of the Company's Constitution and being eligible, have offered themselves for re-election; to re-elect the Directors who are retiring in accordance with Article 90 of the Company's Constitution and being eligible, have offered themselves for re-election; to approve the Directors' fees and the payment thereof to the Directors for the period from the 61st AGM until the next Annual General Meeting ("AGM") of the Company, to be payable on a quarterly basis; and to consider and approve other matters. Upcoming Dividend • Apr 17
Upcoming dividend of RM0.02 per share Eligible shareholders must have bought the stock before 24 April 2024. Payment date: 17 May 2024. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Malaysian dividend payers (4.7%). Lower than average of industry peers (2.5%). Declared Dividend • Mar 01
Dividend of RM0.02 announced Shareholders will receive a dividend of RM0.02. Ex-date: 24th April 2024 Payment date: 17th May 2024 Dividend yield will be 2.2%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (67% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 54% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Feb 29
Price target decreased by 13% to RM0.94 Down from RM1.08, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of RM0.98. Stock is up 0.5% over the past year. The company is forecast to post earnings per share of RM0.052 for next year compared to RM0.037 last year. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: RM0.037 (vs RM0.055 in FY 2022) Full year 2023 results: EPS: RM0.037 (down from RM0.055 in FY 2022). Revenue: RM2.88b (up 14% from FY 2022). Net income: RM30.8m (down 33% from FY 2022). Profit margin: 1.1% (down from 1.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Construction industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Board Change • Dec 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Simon Kua was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 29
Third quarter 2023 earnings released: EPS: RM0.006 (vs RM0.006 in 3Q 2022) Third quarter 2023 results: EPS: RM0.006 (in line with 3Q 2022). Revenue: RM721.1m (up 12% from 3Q 2022). Net income: RM5.07m (up 11% from 3Q 2022). Profit margin: 0.7% (in line with 3Q 2022). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Construction industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Sep 15
UEM Edgenta Berhad Announces Cessation of Chua Pei Sum as Chief Financial Officer, Effective 14 October 2023 UEM Edgenta Berhad announced cessation of Miss Chua Pei Sum as Chief Financial Officer. Age 46, Date of change 14 October 2023. Reason: Completion of employment contract and re-designation as Head of Asset Consultancy of UEM Edgenta Berhad and Managing Director of Opus International (M) Berhad, with effect from 15 October 2023. Qualifications: Degree-Bachelor of Commerce-University of Southern Queensland, Australia. Professional Qualification-Member-Malaysian Institute of Accountants (MIA), Professional Qualification-Member-CPA Australia. Announcement • Sep 14
Uem Edgenta Berhad Announces Redesignation of Chua Pei Sum to Head of Asset Consultancy, Effective on 15 October 2023 UEM Edgenta Berhad announced that Completion of employment contract and re-designation as Head of Asset Consultancy of company and Managing Director of Opus International (M) Berhad, with effect from 15 October 2023. Age 46. Qualifications: Degree-Bachelor of Commerce-University of Southern Queensland, Australia. Professional Qualification-Member-Malaysian Institute of Accountants (MIA) and Professional Qualification-Member-CPA Australia. Major Estimate Revision • Sep 04
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from RM0.092 to RM0.082 per share. Revenue forecast steady at RM2.63b. Net income forecast to grow 44% next year vs 39% growth forecast for Construction industry in Malaysia. Consensus price target down from RM1.32 to RM1.08. Share price rose 2.1% to RM0.98 over the past week. Board Change • Sep 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent & Non Executive Director Omar bin Abd Hamid was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Aug 29
Price target decreased by 21% to RM1.08 Down from RM1.37, the current price target is an average from 3 analysts. New target price is 11% above last closing price of RM0.97. Stock is down 22% over the past year. The company is forecast to post earnings per share of RM0.089 for next year compared to RM0.055 last year. Reported Earnings • Jun 01
First quarter 2023 earnings released: EPS: RM0.013 (vs RM0.011 in 1Q 2022) First quarter 2023 results: EPS: RM0.013 (up from RM0.011 in 1Q 2022). Revenue: RM631.8m (up 17% from 1Q 2022). Net income: RM10.9m (up 16% from 1Q 2022). Profit margin: 1.7% (in line with 1Q 2022). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Construction industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 33% 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. Price Target Changed • May 31
Price target decreased by 7.5% to RM1.32 Down from RM1.43, the current price target is an average from 3 analysts. New target price is 34% above last closing price of RM0.98. Stock is down 36% over the past year. The company is forecast to post earnings per share of RM0.092 for next year compared to RM0.055 last year. Upcoming Dividend • Apr 12
Upcoming dividend of RM0.04 per share at 3.8% yield Eligible shareholders must have bought the stock before 19 April 2023. Payment date: 18 May 2023. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Malaysian dividend payers (5.3%). Higher than average of industry peers (3.3%). Price Target Changed • Mar 01
Price target decreased by 10% to RM1.37 Down from RM1.53, the current price target is an average from 3 analysts. New target price is 42% above last closing price of RM0.97. Stock is down 37% over the past year. The company is forecast to post earnings per share of RM0.10 for next year compared to RM0.055 last year. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: RM0.055 (vs RM0.051 in FY 2021) Full year 2022 results: EPS: RM0.055 (up from RM0.051 in FY 2021). Revenue: RM2.52b (up 10% from FY 2021). Net income: RM45.9m (up 9.2% from FY 2021). Profit margin: 1.8% (in line with FY 2021). Revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Construction industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Reported Earnings • Dec 03
Third quarter 2022 earnings released: EPS: RM0.006 (vs RM0.011 in 3Q 2021) Third quarter 2022 results: EPS: RM0.006 (down from RM0.011 in 3Q 2021). Revenue: RM646.2m (up 13% from 3Q 2021). Net income: RM4.59m (down 50% from 3Q 2021). Profit margin: 0.7% (down from 1.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Construction industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Dec 01
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from RM2.37b to RM2.34b. EPS estimate also fell from RM0.09 per share to RM0.07 per share. Net income forecast to grow 45% next year vs 39% growth forecast for Construction industry in Malaysia. Consensus price target down from RM1.53 to RM1.43. Share price fell 2.8% to RM1.06 over the past week. Buying Opportunity • Nov 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be RM1.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 57%. Revenue is forecast to grow by 6.8% in 2 years. Earnings is forecast to grow by 94% in the next 2 years. Price Target Changed • Nov 16
Price target decreased to RM1.53 Down from RM1.86, the current price target is an average from 3 analysts. New target price is 45% above last closing price of RM1.06. Stock is down 37% over the past year. The company is forecast to post earnings per share of RM0.085 for next year compared to RM0.051 last year. Buying Opportunity • Nov 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be RM1.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 57%. Revenue is forecast to grow by 6.8% in 2 years. Earnings is forecast to grow by 94% in the next 2 years. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorated over the past week After last week's 16% share price decline to RM1.02, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Construction industry in Malaysia. Total loss to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM1.59 per share. Major Estimate Revision • Sep 01
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from RM0.10 to RM0.09. Revenue forecast unchanged from RM2.38b at last update. Net income forecast to grow 62% next year vs 31% growth forecast for Construction industry in Malaysia. Consensus price target down from RM1.86 to RM1.75. Share price fell 2.3% to RM1.27 over the past week. Buying Opportunity • Aug 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be RM1.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 57%. Revenue is forecast to grow by 7.3% in 2 years. Earnings is forecast to grow by 95% in the next 2 years. Price Target Changed • Aug 26
Price target decreased to RM1.75 Down from RM1.95, the current price target is an average from 4 analysts. New target price is 34% above last closing price of RM1.31. Stock is down 23% over the past year. The company is forecast to post earnings per share of RM0.095 for next year compared to RM0.051 last year. Announcement • Aug 02
UEM Edgenta Berhad Announces Executive Changes The Board of Directors of the UEM Edgenta Berhad announced the changes to the composition of the Board Committees namely Audit Commitee and Board Tender Committee with effect from 1 August 2022. Audit Committee: Ms. Shirley Goh; Position: Chairperson, Independent Non-Executive Director (INED); Particulars of Change: Redesignated as Chairperson with effect from 1 August 2022. En. Mohd Asrul Ab Rahim; Position: Member, Non-Independent Non-Executive Director (NINED). Ms. Jenifer Thien Bit Leong; Position: Member, INED; Particulars of Change: Appointed with effect from 1 August 2022. Board Tender Committee: Ms. Jenifer Thien Bit Leong; Position: Chairperson, INED; En. Mohd Asrul Ab Rahim: Position Member, NINED; Dato' George Stewart LaBrooy: Position: Member, INED; Particulars of Change: Appointed with effect from 1 August 2022. Buying Opportunity • Aug 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be RM1.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 57%. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to grow by 139% in the next 2 years. Buying Opportunity • Jul 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be RM1.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 57%. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to grow by 139% in the next 2 years. Major Estimate Revision • Jun 02
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from RM0.11 to RM0.10 per share. Revenue forecast steady at RM2.36b. Net income forecast to grow 84% next year vs 45% growth forecast for Construction industry in Malaysia. Consensus price target down from RM1.95 to RM1.86. Share price was steady at RM1.53 over the past week. Reported Earnings • May 03
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: RM0.051 (up from RM0.015 in FY 2020). Revenue: RM2.29b (up 13% from FY 2020). Net income: RM42.4m (up 230% from FY 2020). Profit margin: 1.8% (up from 0.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.4%. Earnings per share (EPS) missed analyst estimates by 24%. Over the next year, revenue is forecast to grow 3.2%, compared to a 29% growth forecast for the industry in Malaysia. 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 18% per year, which means it has not declined as severely as earnings. Announcement • May 02
UEM Edgenta Berhad, Annual General Meeting, Jun 16, 2022 UEM Edgenta Berhad, Annual General Meeting, Jun 16, 2022, at 15:00 Singapore Standard Time. Location: The Grounds, Level 12, Menara UEM Tower 1, Avenue 7, The Horizon, Bangsar South City, No. 8, Jalan Kerinchi Kuala Lumpur Malaysia Agenda: To receive the audited financial statements of the company for the financial year ended December 31, 2021 together with the directors and auditors reports thereon; to consider the re-election of retiring directors; to approve the directors fees and the payment thereof to the directors for the period from the 59th AGM until the next annual general meeting of the company to be payable on a quarterly basis; to consider the re-appointment of Messrs Ernst & Young PLT as auditors and to authorize the board of directors to fix their remuneration; to proposed renewal of existing shareholders mandate for recurrent related party transactions of a revenue or trading nature; and to consider the other matters. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Independent Non-Executive Director Mohd Bin Ab Rahim was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 13
Upcoming dividend of RM0.03 per share Eligible shareholders must have bought the stock before 20 April 2022. Payment date: 19 May 2022. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Malaysian dividend payers (4.4%). Lower than average of industry peers (3.0%). Reported Earnings • Feb 28
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: RM0.051 (up from RM0.015 in FY 2020). Revenue: RM2.29b (up 13% from FY 2020). Net income: RM42.4m (up 230% from FY 2020). Profit margin: 1.8% (up from 0.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 3.2%, compared to a 30% growth forecast for the industry in Malaysia. 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 19% per year, which means it has not declined as severely as earnings. Announcement • Feb 25
UEM Edgenta Berhad Announces Single Tier Interim Dividend for the Financial Year Ended December 31, 2021, Payable on May 19, 2022 UEM Edgenta Berhad announces Single Tier Interim Dividend of 3.0 sen per ordinary share for the financial year ended 31 December 2021, with ex-date as 20 April, 2022, entitlement date as April 21, 2022 and payable date as May 19, 2022. Price Target Changed • Feb 25
Price target decreased to RM2.00 Down from RM2.51, the current price target is an average from 4 analysts. New target price is 27% above last closing price of RM1.57. Stock is down 7.1% over the past year. The company is forecast to post earnings per share of RM0.067 for next year compared to RM0.015 last year. Major Estimate Revision • Dec 02
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from RM0.10 to RM0.067 per share. Revenue forecast steady at RM2.14b. Net income forecast to grow 36% next year vs 43% growth forecast for Construction industry in Malaysia. Consensus price target down from RM2.51 to RM2.36. Share price was steady at RM1.59 over the past week. Reported Earnings • Nov 26
Third quarter 2021 earnings: EPS and revenues miss analyst expectations Third quarter 2021 results: EPS: RM0.011 (up from RM0.023 loss in 3Q 2020). Revenue: RM571.9m (up 18% from 3Q 2020). Net income: RM9.15m (up RM28.2m from 3Q 2020). Profit margin: 1.6% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 79%. Earnings per share (EPS) missed analyst estimates by 79%. Over the next year, revenue is forecast to grow 4.7%, compared to a 15% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS RM0.007 (vs RM0.032 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RM538.6m (up 20% from 2Q 2020). Net income: RM6.13m (up RM33.0m from 2Q 2020). Profit margin: 1.1% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Executive Departure • Jun 19
Non-Independent & Non-Executive Director Elakumari Kantilal has left the company On the 17th of June, Elakumari Kantilal's tenure as Non-Independent & Non-Executive Director ended after 19.7 years in the role. We don't have any record of a personal shareholding under Elakumari's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model.