Board Change • Jun 02
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. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Daphne Tan was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • May 28
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 66% per year over the past 5 years. Reported Earnings • Feb 25
Third quarter 2026 earnings released: RM0.003 loss per share (vs RM0.004 loss in 3Q 2025) Third quarter 2026 results: RM0.003 loss per share (improved from RM0.004 loss in 3Q 2025). Revenue: RM34.8m (up 8.5% from 3Q 2025). Net loss: RM6.00m (loss narrowed 19% from 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Announcement • Jan 23
Hextar Technologies Solutions Berhad Announces Redesignation of Tan Eng Kiong as Chief Financial Officer, Effective January 1, 2026 Hextar Technologies Solutions Berhad announced that redesignation of Mr. Tan Eng Kiong, age: 52, as Chief Financial Officer. The Board had, on 23 January 2026, approved the promotion of Mr. Tan Eng Kiong from Financial Controller to Chief Financial Officer of the Company with effect from 1 January 2026. Board Change • Dec 07
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Daphne Tan 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 • Nov 26
Second quarter 2026 earnings released: RM0.003 loss per share (vs RM0.002 loss in 2Q 2025) Second quarter 2026 results: RM0.003 loss per share (further deteriorated from RM0.002 loss in 2Q 2025). Revenue: RM40.0m (down 25% from 2Q 2025). Net loss: RM5.31m (loss widened 46% from 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 31
Full year 2025 earnings released: RM0.011 loss per share (vs RM0.007 loss in FY 2024) Full year 2025 results: RM0.011 loss per share (further deteriorated from RM0.007 loss in FY 2024). Revenue: RM181.1m (down 4.2% from FY 2024). Net loss: RM22.0m (loss widened 48% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 190 percentage points per year, which is a significant difference in performance. Announcement • Jul 28
Hextar Technologies Solutions Berhad, Annual General Meeting, Aug 26, 2025 Hextar Technologies Solutions Berhad, Annual General Meeting, Aug 26, 2025, at 10:30 Singapore Standard Time. Location: hextar hall, level 17, hextar tower, hextar world empire city, no. 8, jalan pju 8, damansara perdana, 47820 petaling jaya, Malaysia Reported Earnings • May 23
Full year 2025 earnings released: RM0.011 loss per share (vs RM0.007 loss in FY 2024) Full year 2025 results: RM0.011 loss per share (further deteriorated from RM0.007 loss in FY 2024). Revenue: RM181.1m (down 4.2% from FY 2024). Net loss: RM22.7m (loss widened 53% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 182 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 26
Third quarter 2025 earnings released: RM0.004 loss per share (vs RM0.002 loss in 3Q 2024) Third quarter 2025 results: RM0.004 loss per share (further deteriorated from RM0.002 loss in 3Q 2024). Revenue: RM32.1m (down 18% from 3Q 2024). Net loss: RM7.39m (loss widened 63% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 197 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 27
Second quarter 2025 earnings released: RM0.002 loss per share (vs RM0.001 loss in 2Q 2024) Second quarter 2025 results: RM0.002 loss per share (further deteriorated from RM0.001 loss in 2Q 2024). Revenue: RM53.4m (down 7.4% from 2Q 2024). Net loss: RM3.63m (loss widened 201% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 196 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 02
Full year 2024 earnings released: RM0.007 loss per share (vs RM0.002 profit in FY 2023) Full year 2024 results: RM0.007 loss per share (down from RM0.002 profit in FY 2023). Revenue: RM189.0m (up 16% from FY 2023). Net loss: RM14.8m (down 460% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 201 percentage points per year, which is a significant difference in performance. Announcement • Jul 26
Hextar Technologies Solutions Berhad, Annual General Meeting, Aug 28, 2024 Hextar Technologies Solutions Berhad, Annual General Meeting, Aug 28, 2024, at 10:30 Singapore Standard Time. Reported Earnings • May 29
Full year 2024 earnings released: RM0.007 loss per share (vs RM0.002 profit in FY 2023) Full year 2024 results: RM0.007 loss per share (down from RM0.002 profit in FY 2023). Revenue: RM189.4m (up 17% from FY 2023). Net loss: RM15.0m (down 463% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 200 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 28
Third quarter 2024 earnings released: RM0.035 loss per share (vs RM0 in 3Q 2023) Third quarter 2024 results: RM0.035 loss per share (further deteriorated from RM0 in 3Q 2023). Revenue: RM39.0m (down 11% from 3Q 2023). Net loss: RM4.53m (down RM4.90m from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 202 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 29
Second quarter 2024 earnings released: RM0.009 loss per share (vs RM0.034 profit in 2Q 2023) Second quarter 2024 results: RM0.009 loss per share (down from RM0.034 profit in 2Q 2023). Revenue: RM57.7m (up 71% from 2Q 2023). Net loss: RM1.20m (down 128% from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 292 percentage points per year, which is a significant difference in performance. Announcement • Oct 26
Hextech Solutions Berhad Announces Venturing into Fintech with the Introduction of Moneyx HexTech Solutions Berhad announced venturing into fintech with the introduction of MoneyX, a one-stop fintech mobile super-app. First released by HexTech's 100%-owned fintech unit Hextar Vision Sdn Bhd in September 2023, MoneyX is a personal financial information management app with artificial intelligence ("AI") supported tools. Unlike other platforms, MoneyX aims to promote financial literacy and management, by making information pertaining to available financial products and services accessible and easily understandable to users, and thus, empowering users in making responsible and informed financial decisions. MoneyX also includes a secure digital vault where users can store important documents like bills, insurance policies, and agreements, ensuring easy access and organisation. Users are also given the option to utilize the reminder /notification feature in MoneyX which will prompt users regarding any upcoming payment or renewal deadlines. In conjunction with the soft launch, Hextar Vision also unveiled partnership with more than 14 partners namely Alliance Bank Malaysia Berhad, Hong Leong Bank Berhad, Standard Chartered Bank Malaysia Berhad, M&A Securities Sdn Bhd, Exsim Development Sdn Bhd, Finology Sdn Bhd, GKash Sdn Bhd, Edge Property Sdn Bhd, ServeDeck Innovation Sdn Bhd, Theta Edge Berhad, Richard Wee Chambers, ShopIQ Sdn Bhd, MWM Myworld Malaysia Sdn Bhd and CTOS Data Systems Sdn Bhd to aggregate their services on MoneyX. MoneyX has selected Amazon Web Service to deploy its automated financial information management app, leveraging its analytics and machine learning capability to deliver personalized content that transforms its users' financial literacy, and delivers rapid innovation for greater customer experience, setting the standard for Malaysian fintech services. The collaborations aim to offer a seamless experience to MoneyX users to understand and access the different available options in the ecosystem through the use of MoneyX's AI and machine learning capabilities based on each user's input. Reported Earnings • Aug 03
Full year 2023 earnings released: EPS: RM0.032 (vs RM0.10 in FY 2022) Full year 2023 results: EPS: RM0.032 (down from RM0.10 in FY 2022). Revenue: RM162.4m (up 42% from FY 2022). Net income: RM4.12m (down 68% from FY 2022). Profit margin: 2.5% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 318 percentage points per year, which is a significant difference in performance. Announcement • Jul 29
Hextar Technologies Solutions Berhad, Annual General Meeting, Aug 24, 2023 Hextar Technologies Solutions Berhad, Annual General Meeting, Aug 24, 2023, at 10:30 Singapore Standard Time. Agenda: To receive the audited financial statements for the financial year ended 31 March 2023 and the Reports of the Directors and Auditors thereon; to consider board changes; to re-appoint Crowe Malaysia PLT as Auditors of the Company and to authorise the Directors to fix their remuneration; and to consider other matters. Reported Earnings • May 24
Full year 2023 earnings released: EPS: RM0.032 (vs RM0.10 in FY 2022) Full year 2023 results: EPS: RM0.032 (down from RM0.10 in FY 2022). Revenue: RM162.2m (up 42% from FY 2022). Net income: RM4.10m (down 68% from FY 2022). Profit margin: 2.5% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 327 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 24
Third quarter 2023 earnings released: EPS: RM0.003 (vs RM0.088 in 3Q 2022) Third quarter 2023 results: EPS: RM0.003 (down from RM0.088 in 3Q 2022). Revenue: RM43.9m (up 3.2% from 3Q 2022). Net income: RM370.0k (down 97% from 3Q 2022). Profit margin: 0.8% (down from 27% in 3Q 2022). The decrease in margin was driven by higher expenses. 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 239% per year, which means it is well ahead of earnings. Board Change • Feb 01
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Independent & Non Executive Director Iskandar Bin Sarudin is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jan 04
Hextar Technologies Solutions Berhad Announces Management Changes Hextar Technologies Solutions Berhad announced the appointment of Y. Bhg Tan Sri Muhammad bin Ibrahim as its new Independent Non-Executive Chairman. Age 63. Date of change is January 3, 2023. Qualifications: Masters-Public Administration, Harvard Kennedy School, United States of America; Masters-Islamic Finance, International Islamic University Malaysia; Others-Advanced Management Programme, Harvard Business School, United States of America. Degree-Bachelor of Accounting, University of Malaya; Diploma-Advanced Diploma in Islamic Banking and Finance, International Islamic University Malaysia; Professional Qualification: Fellow Chartered Banker, Asian Institute of Chartered Bankers; Professional Qualification: Chartered Accountant, The Malaysian Institute of Accountants (MIA). Tan Sri Muhammad Ibrahim began his career in Bank Negara Malaysia (Bank Negara) in 1984 and has served in the areas of bank regulation and supervision, strategic planning, payment systems, insurance, offshore banking and treasury as well as financial markets. Tan Sri Muhammad also sat on Bank Negara's Monetary Policy Committee as well as the Financial Stability Committee. Tan Sri Muhammad was appointed Assistant Governor of Bank Negara on 1 December 2004 and was responsible for the supervision of the Investment Operations and Capital Markets Department, the Finance Department and the Foreign Exchange Administration Department of Bank Negara. On 16 June 2010, Tan Sri Muhammad was appointed Deputy Governor of Bank Negara for a term of three years and was reappointed as Deputy Governor of Bank Negara on the expiry of his first term until 15 June 2016. During his tenure as Deputy Governor, Tan Sri Muhammad was responsible for the management of international reserves, money markets and foreign exchange operations as well as the regulation and development of the financial sector including payment systems where he introduced the e-Payment system to reduce the use of cash and cheques in the Malaysian financial system. Tan Sri Muhammad was appointed the 8th Governor of Bank Negara in May 2016, a position he held until June 2018. Tan Sri Muhammad has also held the position of chairman and member of numerous international, regional and local committees, agencies, councils and corporations overseeing issues such as central banking, economics and finance. Tan Sri Muhammad was bestowed the Malaysian Federal Award Panglima Setia Mahkota by the Yang di-Pertuan Agong in 2017. The company also announced the appointment of Dato Ong Choo Meng as Executive Director and Mr. Choo Joon Keong as the Group Deputy Chief Executive Officer and Executive Director. Tan Sri Muhammad was the 8th Governor of Bank Negara Malaysia, a position he held from 2016 to 2018. Tan Sri Muhammad's appointment follows the resignation of Datuk Iskandar bin Sarudin ("Datuk Iskandar") as Independent Non-Executive Chairman of the Company. Datuk Iskandar was appointed to the Board in April 2015 as an Independent Non-Executive Director and was redesignated as Independent Non-Executive Chairman of the Company in November 2020. Dato Eddie is the major shareholder of the Company. He is a visionary leader and has been instrumental in directing the business growth as well as investment and expansion strategies of the Hextar group of companies over the past 18 years. Under his leadership, Hextar group grew at an accelerated pace and now holds substantial stakes in 9 listed companies with a combined market capitalisation of over MYR 8 billion. Dato Eddie was previously the Executive Director of Hextar Global Berhad as well as the non-independent non-executive director of Hextar Industries Berhad and Hextar Healthcare Berhad. He recently relinquished his directorships in these companies. Mr. Choo is a career banker and last held the position of Chief Executive Officer for the Malaysian subsidiary of a Thailand based regional bank. Mr. Choo brings with him vast experience and knowledge in banking and an established business network having served in a broad spectrum of managerial and leadership positions for over 30 years. During this time, he was responsible for, inter alia, strategic planning, harnessing and galvanising synergies for sustainable growth, identifying and developing talents for organizational growth and robust succession planning. Together with Datuk Iskandar's resignation, the company also announced that Mr. Teh Li King has stepped down from his position as Non-Independent Non-Executive Director. Mr. Teh was appointed to the board in March 2021. Announcement • Jan 03
Hextar Technologies Solutions Berhad Appoints Dato Ong Choo Meng as Group Chief Executive Officer Hextar Technologies Solutions Berhad announced the appointment of Dato Ong Choo Meng as the Group Chief Executive Officer. Dato Eddie is the major shareholder of the Company. He is a visionary leader and has been instrumental in directing the business growth as well as investment and expansion strategies of the Hextar group of companies over the past 18 years. Under his leadership, Hextar group grew at an accelerated pace and now holds substantial stakes in 9 listed companies with a combined market capitalisation of over MYR 8 billion. Dato Eddie was previously the Executive Director of Hextar Global Berhad as well as the non-independent non-executive director of Hextar Industries Berhad and Hextar Healthcare Berhad (formerly known as Rubberex Corporation (M) Berhad) respectively. He recently relinquished his directorships in these companies. Reported Earnings • Dec 03
Second quarter 2023 earnings released: EPS: RM0.034 (vs RM0.002 in 2Q 2022) Second quarter 2023 results: EPS: RM0.034 (up from RM0.002 in 2Q 2022). Revenue: RM33.7m (up 25% from 2Q 2022). Net income: RM4.33m (up RM4.03m from 2Q 2022). Profit margin: 13% (up from 1.1% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 164% per year, which means it is well ahead of earnings. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent & Non Executive Chairman Iskandar Bin Sarudin is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 27% share price gain to RM7.10, the stock trades at a trailing P/E ratio of 70.6x. Average trailing P/E is 11x in the Logistics industry in Malaysia. Total returns to shareholders of 1,307% over the past three years. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improved over the past week After last week's 17% share price gain to RM4.80, the stock trades at a trailing P/E ratio of 47.7x. Average trailing P/E is 11x in the Logistics industry in Malaysia. Total returns to shareholders of 852% over the past three years. Announcement • Sep 14
Hextar Technologies Solutions Berhad Announces Resignation of Gey Ka Hong as Chief Executive Officer Hextar Technologies Solutions Berhad announced resignation of DATO SRI GEY KA HONG as Chief Executive Officer. Date of change is 13 September 2022. Age: 48.Reason: To pursue other personal interests. Board Change • Sep 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent & Non Executive Chairman Iskandar Bin Sarudin is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Aug 26
Hextar Technologies Solutions Berhad Announces Appointment of Miss Sun Thian Thian as Non Executive Director, with Effect from August 25, 2022 Hextar Technologies Solutions Berhad announced appointment of Miss Sun Thian Thian as Non Executive Director, with effect from August 25, 2022. Age: 41. Gender: Female. Nationality: Malaysia. Working experience and occupation: Ms Sun Thian Thian is a global citizen with an acute understanding of the Western and Eastern cultures having lived in countries such as Austria, Germany, China and Hongkong for the last 16 years. Ms Sun holds a Bachelor in Engineering majoring in Information Technology & Telecommunication from Adelaide University, Australia as well as a Bachelor of Science majoring in Computer Science from Johannes Kepler University, Austria and is fluent in five European and Asian languages. Ms Sun's working experience includes the role of Chief of Staff for a technology base pharmaceutical company operating in the Asia Pacific Region and headquartered in Hong Kong as well as heading the international business expansion for a large local information security company in Malaysia developing corporate strategies for clients including Google, Microsoft, TM, TNB and Huawei. Her global experience has also led her to spearhead the business development for the Middle Eastern region for one of the largest conglomerates in Malaysia, namely the Syed Mokhtar Group of Companies. She has since successfully translated her corporate experience to the business world by becoming an entrepreneur and have started companies in the food, hospitality and online industry. Qualifications: Degree - Computer Science - Johannes Kepler University (JKU) Linz, Austria; Degree - Information Technology & Telecommunication - Adelaide University, South Australia, Australia. Buying Opportunity • Aug 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 3.9%. The fair value is estimated to be RM4.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Earnings per share has declined by 12%. Reported Earnings • Aug 03
Full year 2022 earnings released: EPS: RM0.10 (vs RM0.03 in FY 2021) Full year 2022 results: EPS: RM0.10 (up from RM0.03 in FY 2021). Revenue: RM114.0m (up 169% from FY 2021). Net income: RM12.9m (up 235% from FY 2021). Profit margin: 11% (up from 9.1% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 63% per year, which means it is well ahead of earnings. Announcement • Jul 30
Hextar Technologies Solutions Berhad, Annual General Meeting, Aug 25, 2022 Hextar Technologies Solutions Berhad, Annual General Meeting, Aug 25, 2022, at 10:30 Singapore Standard Time. Agenda: To receive the Audited Financial Statements for the financial year ended 31 March 2022 and the Reports of the Directors and Auditors thereon; to consider Directors' fees for the Non-Executive Directors not exceeding MYR 180,000 for the financial year ending 31 March 2023; to consider Meeting allowance for the Non-Executive Directors for the period from 26 August 2022 until the next Annual General Meeting of the Company; to re-elect the Directors who retire pursuant to Article 131.1 of the Constitution of the Company; to re-appoint Crowe Malaysia PLT as Auditors of the Company and to authorise the Directors to fix their remuneration; to consider Authority to Allot and Issue Shares Pursuant to Sections 75 and 76 of the Companies Act 2016; and to consider other matters. Buying Opportunity • Jul 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be RM4.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Earnings per share has declined by 12%. Upcoming Dividend • Jul 21
Upcoming dividend of RM0.40 per share Eligible shareholders must have bought the stock before 28 July 2022. Payment date: 16 August 2022. Trailing yield: 9.5%. Within top quartile of Malaysian dividend payers (5.0%). Higher than average of industry peers (3.7%). Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improved over the past week After last week's 16% share price gain to RM4.07, the stock trades at a trailing P/E ratio of 41.2x. Average trailing P/E is 11x in the Logistics industry in Malaysia. Total returns to shareholders of 541% over the past three years. Announcement • Jul 14
Complete Logistic Services Berhad Announces Single Tier Interim Dividend for the Financial Year Ending 31 March 2023, Payable on 16 August 2022 Complete Logistic Services Berhad announced Single tier interim dividend of MYR 0.40 per ordinary share for the financial year ending 31 March 2023. Payment Date is 16 August 2022. Ex-Date is 28 July 2022. Entitlement date is 29 July 2022. Reported Earnings • May 25
Full year 2022 earnings released: EPS: RM0.099 (vs RM0.03 in FY 2021) Full year 2022 results: EPS: RM0.099 (up from RM0.03 in FY 2021). Revenue: RM115.0m (up 172% from FY 2021). Net income: RM12.7m (up 231% from FY 2021). Profit margin: 11% (up from 9.1% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 70% per year, which means it is well ahead of earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent & Non Executive Chairman Iskandar Bin Sarudin is the most experienced director on the board, commencing their role in 2015. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improved over the past week After last week's 27% share price gain to RM4.14, the stock trades at a trailing P/E ratio of 42.4x. Average trailing P/E is 16x in the Logistics industry in Malaysia. Total returns to shareholders of 616% over the past three years. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to RM2.98, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 14x in the Logistics industry in Malaysia. Total returns to shareholders of 407% over the past three years. Announcement • Feb 24
Complete Logistic Services Berhad Announces Combination of Nomination Committee and Remuneration Committee The board of directors ('Board') of Complete Logistic Services Berhad announced that the Board has approved the combination of the Nomination Committee and Remuneration Committee into a single committee known as 'Nomination and Remuneration Committee' with effect from 22 February 2022. The rationale for the combination of the two Board Committees is to enhance the efficiency of the Board Committees in discharging their duties and responsibilities. The composition of the Nomination and Remuneration Committee is as follows: Chairman: Datuk Iskandar Bin Sarudin (Independent Non-Executive Director) and Members: Dato’ Ong Chong Yi(Independent Non-Executive Director) and Yeoh Chin Hoe(Independent Non-Executive Director). Reported Earnings • Feb 24
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: RM0.088 (up from RM0.01 in 3Q 2021). Revenue: RM42.6m (up 275% from 3Q 2021). Net income: RM11.3m (up RM10.0m from 3Q 2021). Profit margin: 27% (up from 11% in 3Q 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 fallen by 1% per year but the company’s share price has increased by 64% per year, which means it is well ahead of earnings. Announcement • Dec 02
Dato Ong Choo Meng made an offer to acquire remaining 70.89% stake in Complete Logistic Services Berhad (KLSE:COMPLET) for MYR 230 million. Dato Ong Choo Meng made an offer to acquire remaining 70.89% stake in Complete Logistic Services Berhad (KLSE:COMPLET) for MYR 230 million on November 30, 2021. The consideration to be paid for all the share which are not already owned is MYR 2.5. As of date, Complete Logistic Services has 128.649 million issued shares and 0.133 million options outstanding. The offer is conditional upon Dato Ong Choo Meng holding minimum 50% stake. The offer will remain open till 21 days from posting date or offer document release date. M&A Securities SDN BHD is acting as a principal adviser to Dato Ong. Announcement • Dec 01
Law Hee Ling, Lim Lay Fong and Leow Law Li Yion completed the acquisition of Guper Resources Sdn. Bhd. from Complete Logistic Services Berhad (KLSE:COMPLET). Law Hee Ling, Lim Lay Fong and Leow Law Li Yion agreed to acquire Guper Resources Sdn. Bhd. from Complete Logistic Services Berhad (KLSE:COMPLET) for MYR 16.9 million on May 7, 2021. The consideration will be paid in tranches. Guper Resources Sdn. Bhd. reported total assets of MYR 34.9 million and net asset of MYR 8.6 million as of December 31, 2020. The transaction is subject to approval of Board of Directors of Complete Logistic Services Berhad, shareholders of Complete Logistic Services Berhad, approval of Law Hee Ling, Lim Lay Fong and Leow Law Li Yion, relevant financier’s consents and other authorities. The Extraordinary General Meeting (EGM) of Complete Logistic Services Berhad (KLSE:COMPLET) will be conducted on September 9, 2021. The transaction is expected to complete by the second quarter of 2022. Proceeds from the disposal will be utilized for future investment, working capital and other estimated. Asia Equity Research Sdn. Bhd. acted as independent financial advisor to the shareholders of Complete Logistic Services Berhad.
Law Hee Ling, Lim Lay Fong and Leow Law Li Yion completed the acquisition of Guper Resources Sdn. Bhd. from Complete Logistic Services Berhad (KLSE:COMPLET) on November 30, 2021. Reported Earnings • Nov 24
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: RM0.002 (down from RM0.01 in 2Q 2021). Revenue: RM27.0m (up 113% from 2Q 2021). Net income: RM291.0k (down 78% from 2Q 2021). Profit margin: 1.1% (down from 10% in 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improved over the past week After last week's 16% share price gain to RM1.73, the stock trades at a trailing P/E ratio of 62.7x. Average trailing P/E is 62x in the Logistics industry in Malaysia. Total returns to shareholders of 342% over the past three years. Reported Earnings • Sep 24
First quarter 2022 earnings released: EPS RM0.002 (vs RM0.004 in 1Q 2021) The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: RM11.0m (up 30% from 1Q 2021). Net income: RM224.0k (down 57% from 1Q 2021). Profit margin: 2.0% (down from 6.1% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Aug 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Executive Director Ronald Khoo was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 18
Full year 2021 earnings released: EPS RM0.03 (vs RM0.37 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: RM42.3m (down 61% from FY 2020). Net income: RM3.84m (down 92% from FY 2020). Profit margin: 9.1% (down from 43% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Announcement • May 09
Law Hee Ling, Lim Lay Fong and Leow Law Li Yion agreed to acquire Guper Properties Sdn Bhd from Complete Logistic Services Berhad (KLSE:COMPLET) for MYR 16.9 million. Law Hee Ling, Lim Lay Fong and Leow Law Li Yion agreed to acquire Guper Properties Sdn Bhd from Complete Logistic Services Berhad (KLSE:COMPLET) for MYR 16.9 million on May 7, 2021. The consideration will be paid in tranches. Guper Properties Sdn Bhd reported net asset of MYR 8.6 million as of December 31, 2020.The transaction is subject to approval of Board of Directors of Complete Logistic Services Berhad, shareholders of Complete Logistic Services Berhad, approval of Law Hee Ling, Lim Lay Fong and Leow Law Li Yion, relevant financier’s consents and other authorities. The transaction is expected to complete by the second quarter of 2022. Proceeds from the disposal will be utilized for future investment, working capital and other estimated. Asia Equity Research Sdn. Bhd. acted as independent financial advisor to the shareholders of Complete Logistic Services Berhad. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improved over the past week After last week's 23% share price gain to RM1.56, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 40x in the Logistics industry in Malaysia. Total returns to shareholders of 259% over the past three years. Executive Departure • Mar 19
Independent Non Executive Director has left the company On the 12th of March, Thiam Leou's tenure as Independent Non Executive Director ended after 1.0 years in the role. We don't have any record of a personal shareholding under Thiam's name. A total of 3 executives have left over the last 12 months. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorated over the past week After last week's 26% share price decline to RM1.22, the stock trades at a trailing P/E ratio of 3.7x, down from the previous P/E ratio of 4.9x. Average P/E is 30x in the Logistics industry in Malaysia. Total returns to shareholders over the past three years are 154%. Executive Departure • Mar 10
Executive Director has left the company On the 8th of March, Li-Yion Law'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 Li-Yion's name. A total of 2 executives have left over the last 12 months. Announcement • Mar 10
Complete Logistic Services Berhad Announces the Appointment of Mr. Teh Li King as Non Independent and Non Executive Director Complete Logistic Services Berhad announced the appointment of Mr. Teh Li King as Non Independent and Non Executive Director. The appointment was effective on March 08, 2021. Announcement • Mar 09
Complete Logistic Services Berhad Announces the Resignation of Mr. Leon Law Li Yion as Executive Director Complete Logistic Services Berhad announced the resignation of Mr. Leon Law Li Yion as Executive Director. The resignation was effective on March 08, 2021. The resignation was due to personal reason. Reported Earnings • Feb 28
Third quarter 2021 earnings released: EPS RM0.01 (vs RM0.025 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: RM11.4m (down 64% from 3Q 2020). Net income: RM1.26m (down 60% from 3Q 2020). Profit margin: 11% (up from 10.0% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improved over the past week After last week's 48% share price gain to RM1.03, the stock is trading at a trailing P/E ratio of 2.9x, up from the previous P/E ratio of 2x. This compares to an average P/E of 18x in the Logistics industry in Malaysia. Total returns to shareholders over the past three years are 114%.