New Risk • Feb 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM37.9m (US$9.73m) 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 Shares are highly illiquid. Market cap is less than US$10m (RM37.9m market cap, or US$9.73m). Announcement • Feb 27
Knusford Berhad to Report Q3, 2026 Results on Feb 25, 2026 Knusford Berhad announced that they will report Q3, 2026 results on Feb 25, 2026 Reported Earnings • Feb 27
Third quarter 2026 earnings released: RM0.12 loss per share (vs RM0.10 profit in 3Q 2025) Third quarter 2026 results: RM0.12 loss per share (down from RM0.10 profit in 3Q 2025). Revenue: RM5.36m (down 78% from 3Q 2025). Net loss: RM11.6m (down 213% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. New Risk • Jan 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM39.9m (US$9.78m) 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 Shares are highly illiquid. Market cap is less than US$10m (RM39.9m market cap, or US$9.78m). Minor Risk Large one-off items impacting financial results. Reported Earnings • Nov 29
Second quarter 2026 earnings released: RM0.022 loss per share (vs RM0.026 loss in 2Q 2025) Second quarter 2026 results: RM0.022 loss per share (improved from RM0.026 loss in 2Q 2025). Revenue: RM11.6m (down 25% from 2Q 2025). Net loss: RM2.17m (loss narrowed 18% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 05
Full year 2025 earnings released: EPS: RM0.11 (vs RM0.092 in FY 2024) Full year 2025 results: EPS: RM0.11 (up from RM0.092 in FY 2024). Revenue: RM80.5m (down 46% from FY 2024). Net income: RM10.5m (up 15% from FY 2024). Profit margin: 13% (up from 6.2% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Jul 30
Knusford Berhad, Annual General Meeting, Sep 10, 2025 Knusford Berhad, Annual General Meeting, Sep 10, 2025, at 10:30 Singapore Standard Time. Location: hall b, oriental star, 2nd floor, m-s-01, ekocheras mall, no. 693, batu 5, jalan cheras, 56000 kuala lumpur, Malaysia Announcement • Jul 13
Knusford Berhad Announces Resignation of Dato' Avinderjit Singh A/L Harjit Singh as Independent and Non Executive Member of Risk Committee, Effective July 11, 2025 Knusford Berhad announced the resignation of Dato' Avinderjit Singh A/L Harjit Singh as Independent and Non Executive Member of Risk Committee, effective July 11, 2025. Age is 54. Composition of Risk Committee (Name and Directorate of members after change): Chairman: Mr. Lee Wai Kuen (Independent and Non Executive Director). Members: Mr. Lim Foo Seng (Independent and Non Executive Director), Mr. Liew Voon Keong (Independent and Non Executive Director), Ms. Jasmine Cheong Chi-May (Independent and Non Executive Director), and Ms. Lim Ts-Fei (Independent and Non Executive Director). Reported Earnings • May 31
Full year 2025 earnings released: EPS: RM0.11 (vs RM0.092 in FY 2024) Full year 2025 results: EPS: RM0.11 (up from RM0.092 in FY 2024). Revenue: RM80.5m (down 46% from FY 2024). Net income: RM10.5m (up 15% from FY 2024). Profit margin: 13% (up from 6.2% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • May 31
Knusford Berhad to Report Q4, 2025 Results on May 29, 2025 Knusford Berhad announced that they will report Q4, 2025 results on May 29, 2025 Board Change • May 15
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. 7 highly experienced directors. Executive Director Sew Lim was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Apr 02
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. 8 highly experienced directors. Executive Director Sew Lim was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Feb 28
Third quarter 2025 earnings released: EPS: RM0.10 (vs RM0.034 in 3Q 2024) Third quarter 2025 results: EPS: RM0.10 (up from RM0.034 in 3Q 2024). Revenue: RM24.3m (down 41% from 3Q 2024). Net income: RM10.2m (up 199% from 3Q 2024). Profit margin: 42% (up from 8.4% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Jan 29
Ekovest Secures Final Six-Month Extension for Merger Discussions with Knusford Ekovest Berhad (KLSE:EKOVEST) has secured a final six-month extension from Jan. 28, 2025 to July 27, 2025 to continue discussions on the proposed merger between its wholly owned subsidiary, Ekovest Construction Sdn Bhd (ECSB) and Knusford Berhad (KLSE:KNUSFOR). In a filing with Bursa Malaysia, Ekovest said that the extension allows both parties more time to assess, evaluate, and deliberate on the merger in detail, as well as to negotiate the terms of the definitive agreement. Last October, Ekovest signed a binding heads of agreement with its major shareholders, Tan Sri Lim Kang Hoo, and Knusford Bhd to consolidate Lims construction and construction-related businesses. As part of the proposal, Ekovest will sell its entire stake in ECSB to Knusford for MYR 450 million, with Knusford funding the acquisition through the issuance of new shares at 60 sen per share. Reported Earnings • Nov 29
Second quarter 2025 earnings released: RM0.026 loss per share (vs RM0.078 profit in 2Q 2024) Second quarter 2025 results: RM0.026 loss per share (down from RM0.078 profit in 2Q 2024). Revenue: RM15.4m (down 54% from 2Q 2024). Net loss: RM2.64m (down 134% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Nov 08
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 10% 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 (10% average weekly change). Minor Risk Market cap is less than US$100m (RM73.7m market cap, or US$16.8m). New Risk • Sep 17
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 8.6% 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 (8.6% average weekly change). Market cap is less than US$100m (RM78.7m market cap, or US$18.5m). Announcement • Aug 30
Knusford Berhad to Report Q1, 2024 Results on Aug 28, 2024 Knusford Berhad announced that they will report Q1, 2024 results on Aug 28, 2024 Reported Earnings • Aug 05
Full year 2024 earnings released: EPS: RM0.092 (vs RM0.023 loss in FY 2023) Full year 2024 results: EPS: RM0.092 (up from RM0.023 loss in FY 2023). Revenue: RM148.8m (down 6.7% from FY 2023). Net income: RM9.18m (up RM11.5m from FY 2023). Profit margin: 6.2% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jul 31
Knusford Berhad, Annual General Meeting, Sep 25, 2024 Knusford Berhad, Annual General Meeting, Sep 25, 2024, at 11:00 Singapore Standard Time. Reported Earnings • May 29
Full year 2024 earnings released: EPS: RM0.091 (vs RM0.023 loss in FY 2023) Full year 2024 results: EPS: RM0.091 (up from RM0.023 loss in FY 2023). Revenue: RM148.8m (down 6.7% from FY 2023). Net income: RM9.08m (up RM11.4m from FY 2023). Profit margin: 6.1% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Feb 28
Knusford Berhad to Report Q3, 2024 Results on Feb 27, 2024 Knusford Berhad announced that they will report Q3, 2024 results at 5:00 PM, Singapore Standard Time on Feb 27, 2024 Reported Earnings • Feb 28
Third quarter 2024 earnings released: EPS: RM0.034 (vs RM0.003 in 3Q 2023) Third quarter 2024 results: EPS: RM0.034 (up from RM0.003 in 3Q 2023). Revenue: RM40.8m (up 2.9% from 3Q 2023). Net income: RM3.42m (up RM3.13m from 3Q 2023). Profit margin: 8.4% (up from 0.7% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Feb 28
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 35% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (35% accrual ratio). Minor Risk Market cap is less than US$100m (RM92.7m market cap, or US$19.5m). Reported Earnings • Nov 25
Second quarter 2024 earnings released: EPS: RM0.078 (vs RM0.022 loss in 2Q 2023) Second quarter 2024 results: EPS: RM0.078 (up from RM0.022 loss in 2Q 2023). Revenue: RM33.5m (up 32% from 2Q 2023). Net income: RM7.73m (up RM9.94m from 2Q 2023). Profit margin: 23% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Aug 30
First quarter 2024 earnings released First quarter 2024 results: Revenue: RM26.1m (up 39% from 1Q 2023). Net loss: RM3.53m (loss widened 51% from 1Q 2023). Announcement • Aug 30
Knusford Berhad to Report Q1, 2023 Results on Aug 28, 2023 Knusford Berhad announced that they will report Q1, 2023 results on Aug 28, 2023 Reported Earnings • Jul 30
Full year 2023 earnings released: RM0.023 loss per share (vs RM0.051 loss in FY 2022) Full year 2023 results: RM0.023 loss per share (improved from RM0.051 loss in FY 2022). Revenue: RM159.6m (down 48% from FY 2022). Net loss: RM2.34m (loss narrowed 54% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Announcement • Jul 29
Knusford Berhad, Annual General Meeting, Sep 27, 2023 Knusford Berhad, Annual General Meeting, Sep 27, 2023, at 11:00 Singapore Standard Time. Location: Ekovest Sales Gallery, 3rd Floor, No. 122, Jalan Desa Gombak 1, Jalan Gombak, 53000 Kuala Lumpur Kuala Lumpur Malaysia Agenda: To discuss the Audited Financial Statements for the financial year ended 31 March 2023 together with the Reports of the Directors and the Auditors thereon; to re-elect the following Directors Mr. Lim Chen Herng, Madam Lim Sew Hua, Mr. Lim Foo Seng; to approve the payment of Directors' Fees; to approve the payment of Directors' Benefits; to discuss re-appoint Messrs. KPMG PLT as Auditors of the Company for the financial year ending 31 March 2024 and to authorize the Directors to fix their remuneration; and to discuss other matters. New Risk • Jul 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM44.8m (US$9.62m) 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 Shares are highly illiquid. Market cap is less than US$10m (RM44.8m market cap, or US$9.62m). Board Change • Jun 13
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. 8 highly experienced directors. Executive Director Sew Lim was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • May 26
Full year 2023 earnings released: RM0.022 loss per share (vs RM0.044 loss in FY 2022) Full year 2023 results: RM0.022 loss per share (improved from RM0.044 loss in FY 2022). Revenue: RM159.6m (down 35% from FY 2022). Net loss: RM2.18m (loss narrowed 50% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Announcement • May 26
Knusford Berhad to Report Q4, 2023 Results on May 24, 2023 Knusford Berhad announced that they will report Q4, 2023 results on May 24, 2023 Board Change • Apr 28
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. 8 highly experienced directors. Executive Director Sew Lim was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Feb 23
Third quarter 2023 earnings released: EPS: RM0.003 (vs RM0.022 loss in 3Q 2022) Third quarter 2023 results: EPS: RM0.003 (up from RM0.022 loss in 3Q 2022). Revenue: RM39.6m (down 59% from 3Q 2022). Net income: RM292.0k (up RM2.49m from 3Q 2022). Profit margin: 0.7% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Board Change • Feb 08
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. 8 highly experienced directors. Executive Director Sew Lim was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Feb 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. 2 experienced directors. 8 highly experienced directors. Executive Director Sew Lim was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Dec 03
Second quarter 2023 earnings released: RM0.022 loss per share (vs RM0.013 loss in 2Q 2022) Second quarter 2023 results: RM0.022 loss per share (further deteriorated from RM0.013 loss in 2Q 2022). Revenue: RM25.4m (down 45% from 2Q 2022). Net loss: RM2.20m (loss widened 77% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Announcement • Jul 30
Knusford Berhad, Annual General Meeting, Sep 29, 2022 Knusford Berhad, Annual General Meeting, Sep 29, 2022, at 11:00 Singapore Standard Time. Agenda: To receive the Audited Financial Statements for the financial period ended 31 March 2022 together with the Reports of the Directors and the Auditors thereon; to re-elect the following Directors who retire by rotation pursuant to Clause 76 (3) of the Constitution of the Company; to approve the payment of Directors' Fees of MYR 180,000.00 for the financial period ended 31 March 2022; to approve the payment of Directors' Benefits up to an amount of MYR 200,000.00 with effect from the Twenty-Sixth Annual General Meeting until the next Annual General Meeting of the Company; to re-appoint Messrs. KPMG PLT as Auditors of the Company and to authorise the Directors to fix their remuneration; and to consider any other matters. Announcement • Jun 01
Knusford Berhad to Report Q4, 2022 Results on May 30, 2022 Knusford Berhad announced that they will report Q4, 2022 results on May 30, 2022 Reported Earnings • Nov 26
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: RM0.012 loss per share (down from RM0.064 profit in 3Q 2020). Revenue: RM46.2m (down 51% from 3Q 2020). Net loss: RM1.25m (down 120% from profit in 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 29
Second quarter 2021 earnings released: RM0.004 loss per share (vs RM0.032 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: RM70.0m (up 30% from 2Q 2020). Net loss: RM430.0k (loss narrowed 86% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 27
First quarter 2021 earnings released: RM0.007 loss per share (vs RM0.01 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: RM59.4m (up 11% from 1Q 2020). Net loss: RM679.0k (loss narrowed 35% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 05
Full year 2020 earnings released: EPS RM0.003 (vs RM0.17 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: RM328.7m (down 20% from FY 2019). Net income: RM299.0k (down 98% from FY 2019). Profit margin: 0.1% (down from 4.1% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improved over the past week After last week's 49% share price gain to RM1.02, the stock is trading at a trailing P/E ratio of 8.9x, up from the previous P/E ratio of 6x. This compares to an average P/E of 18x in the Trade Distributors industry in Malaysia. Total returns to shareholders over the past three years are 7.4%. Reported Earnings • Nov 27
Third quarter 2020 earnings released: EPS RM0.064 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: RM94.9m (down 18% from 3Q 2019). Net income: RM6.38m (up 72% from 3Q 2019). Profit margin: 6.7% (up from 3.2% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Sep 02
Knusford Berhad to Report Q2, 2020 Results on Aug 27, 2020 Knusford Berhad announced that they will report Q2, 2020 results on Aug 27, 2020 Announcement • Jul 05
Knusford Berhad to Report Q1, 2021 Results on Jun 30, 2020 Knusford Berhad announced that they will report Q1, 2021 results on Jun 30, 2020