Announcement • Oct 23
Seacera Group Berhad, Annual General Meeting, Nov 26, 2025 Seacera Group Berhad, Annual General Meeting, Nov 26, 2025, at 14:30 Singapore Standard Time. Location: lot 4.1, 4th floor, menara lien hoe, no. 8, persiaran tropicana, tropicana golf & country resort, 47410 petaling jaya, selangor darul ehsan, Malaysia New Risk • Jun 04
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 22% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 38% per year over the past 5 years. Market cap is less than US$10m (RM34.2m market cap, or US$8.05m). New Risk • May 31
New major risk - Revenue and earnings growth Earnings have declined by 38% 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 38% per year over the past 5 years. Minor Risk Market cap is less than US$100m (RM96.4m market cap, or US$22.6m). Reported Earnings • May 31
Third quarter 2025 earnings released: RM0.008 loss per share (vs RM0.001 profit in 3Q 2024) Third quarter 2025 results: RM0.008 loss per share (down from RM0.001 profit in 3Q 2024). Net loss: RM5.10m (down RM5.61m from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • May 30
Seacera Group Berhad Announces Updates of Material Litigation Seacera Group Berhad informed that on, 28 May 2025, a hearing was held before YA Judge Tuan Suhendran Sockanathan in respect of the Winding Up Petition. Please be informed that the High Court has granted the Winding Up Petition with costs. The Company is currently seeking legal advice on applying for a stay and appeal of the Winding Up Order. The appeal against the Winding Up Order is to be filed within 30 days from the court order date that falls on 27 June 2025. The Company will provide further updates on the progress in due course. Announcement • Apr 23
Pasukhas Products Sdn. Bhd completed the acquisition of 30% stake in Seacera Porcelain Sdn. Bhd. from Seacera Group Berhad (KLSE:SEACERA) for MYR 2.6 million. Pasukhas Products Sdn. Bhd. entered into a share sale agreement to acquire 30% stake in Seacera Porcelain Sdn. Bhd. from Seacera Group Berhad (KLSE:SEACERA) for MYR 2.6 million on July 17, 2024. A cash consideration of MYR 2.6 million will be paid by Pasukhas Products Sdn. Bhd. As part of consideration, MYR 2.6 million is paid towards common equity of Seacera Porcelain Sdn. Bhd.
Pasukhas Products Sdn. Bhd. completed the acquisition of 30% stake in Seacera Porcelain Sdn. Bhd. from Seacera Group Berhad (KLSE:SEACERA) on December 13, 2024. Reported Earnings • Mar 01
Second quarter 2025 earnings released: EPS: RM0 (vs RM0.002 in 2Q 2024) Second quarter 2025 results: EPS: RM0 (down from RM0.002 in 2Q 2024). Revenue: RM11.6m (up 2.9% from 2Q 2024). Net income: RM161.0k (down 85% from 2Q 2024). Profit margin: 1.4% (down from 9.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Feb 27
Seacera Group Berhad Announces the Appointment of Miss Lau Tong Hwee as Executive Director Seacera Group Berhad announced the appointment of Miss Lau Tong Hwee as Executive Director, age 42, Date of change 27 Feb. 2025. Qualifications: Degree in Bachelor of Arts in Accountancy from University of Bolton. New Risk • Jan 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 7.1% 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 (7.1% average weekly change). Profit margins are more than 30% lower than last year (5.3% net profit margin). Market cap is less than US$100m (RM115.0m market cap, or US$25.6m). Reported Earnings • Nov 30
First quarter 2025 earnings released: EPS: RM0.001 (vs RM0.002 in 1Q 2024) First quarter 2025 results: EPS: RM0.001 (down from RM0.002 in 1Q 2024). Revenue: RM8.39m (down 51% from 1Q 2024). Net income: RM299.0k (down 80% from 1Q 2024). Profit margin: 3.6% (down from 8.8% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Oct 29
Seacera Group Berhad, Annual General Meeting, Nov 28, 2024 Seacera Group Berhad, Annual General Meeting, Nov 28, 2024, at 14:30 Singapore Standard Time. Location: lot 4.1, 4th floor, menara lien hoe, no. 8, persiaran tropicana, tropicana golf & country resort, 47410 petaling jaya, selangor darul ehsan, Malaysia Announcement • Oct 24
Seacera Group Berhad, Seacera Properties Sdn. Bhd., Duta Nilai Holdings Sdn. Bhd. & Duta Skyline Sdn. Bhd. Provides Material Litigation Updates Appellants/Plaintiffs: Ismail bin Othman, Zainab binti Mansor, Mohamad Suffian bin Ismail, Mohd Razip bin Hamzah & Siti Haidah binti Ariffin (Ismail bin Othman & 4 Ors) Respondents/Defendants: Seacera Group Berhad (SGB), Seacera Properties Sdn. Bhd. (SPSB), Duta Nilai Holdings Sdn. Bhd. (DNHSB) & Duta Skyline Sdn. Bhd. (DSSB) (SGB & 3 Ors) Reference is made to the Company's announcements on 11 February 2022, 14 March 2022, 23 May 2022, 4 July 2022, 15 September 2022, 18 October 2022, 2 November 2022, 10 November 2022, 22 November 2022, 1 December 2022, 3 March 2023, 7 March 2023, 11 April 2023, 12 June 2023, 24 July 2023, 19 September 2023, 31 October 2023, 6 November 2023, 22 August 2024, 2 October 2024 and 16 October 2024. The parties had attended before the Court 24 October 2024 for a Case Management (CM) of Enclosure 82 (Motion for further evidence). During the CM, the Registrar gave further directions to both parties as follows:- Further CM fixed on 2 January 2025 to update compliance of court's directions; Fixed date, 21 January 2025 to update on Enclosure 48 and 82's decision; and Hearing date for both Enclosure 48 and 82 maintains on 14 January 2025. Board Change • Oct 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. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Abdul bin Mohamad Zabidi was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 30
Full year 2024 earnings released: EPS: RM0.006 (vs RM0.012 in FY 2023) Full year 2024 results: EPS: RM0.006 (down from RM0.012 in FY 2023). Revenue: RM52.8m (up 1.4% from FY 2023). Net income: RM3.59m (down 53% from FY 2023). Profit margin: 6.8% (down from 14% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Aug 21
Seacera Group Berhad Provides Material Litigation Update Seacera Group Berhad (Respondents) provided material litigation update, where Al-Amin Strategic Commodity Sdn Bhd is an applicant. The Company announced that 20 August 2024 was fixed for hearing of this Motion before YAA Tan Sri Dato’ Abdul Rahman bin Sebli, YA Datuk Abdul Karim bin Abdul Jalil and YA Datuk Hanipah binti Farikullah. One of the Federal Court Judges recused herself from hearing the Motion after hearing parties and the hearing date on August 20, 2024 was vacated. A further case management (CM) is fixed on 21 August 2024 to fix new hearing date. Reported Earnings • Jun 04
Third quarter 2024 earnings released: EPS: RM0.001 (vs RM0.002 in 3Q 2023) Third quarter 2024 results: EPS: RM0.001 (down from RM0.002 in 3Q 2023). Revenue: RM13.8m (up 8.4% from 3Q 2023). Net income: RM516.0k (down 65% from 3Q 2023). Profit margin: 3.7% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Mar 30
Seacera Group Berhad Announces Resignation of Encik Zulkarnin Bin Ariffin as Group Chief Executive Officer, Effective from March 31, 2024 Seacera Group Berhad announced the resignation of ENCIK ZULKARNIN BIN ARIFFIN as Group Chief Executive Officer. Date of change 31 March 2024. Age 51, Reason Venture into other areas of business. Reported Earnings • Mar 02
Second quarter 2024 earnings released: EPS: RM0.002 (vs RM0.003 in 2Q 2023) Second quarter 2024 results: EPS: RM0.002 (down from RM0.003 in 2Q 2023). Revenue: RM11.3m (down 16% from 2Q 2023). Net income: RM1.10m (down 42% from 2Q 2023). Profit margin: 9.8% (down from 14% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Dec 01
First quarter 2024 earnings released: EPS: RM0.002 (vs RM0.003 in 1Q 2023) First quarter 2024 results: EPS: RM0.002 (down from RM0.003 in 1Q 2023). Revenue: RM17.1m (up 25% from 1Q 2023). Net income: RM1.50m (down 23% from 1Q 2023). Profit margin: 8.8% (down from 14% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Oct 28
Seacera Group Berhad, Annual General Meeting, Dec 12, 2023 Seacera Group Berhad, Annual General Meeting, Dec 12, 2023, at 02:00 Coordinated Universal Time. Location: Lot 4.1 Level 4 Menara Lien Hoe, No. 8, Persiaran Tropicana, Tropicana Golf & Country Resort, 47410 Petaling Jaya SELANGOR DARUL EHSAN Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 30 June 2023 together with the Reports of the Directors and Auditors thereon ;to approve the payment of Directors fees and benefits up to an amount of MYR 208,000 for the period from 13 December 2023 until the next Annual General Meeting of the Company; to re-elect Mr. Chua Yeong Lin who retires pursuant to Clause 97.1 of the Company's Constitution as a Director of the Company; to note the retirement of Messrs. Al Jafree Salihin Kuzaimi PLT as Auditors of the Company and are not seeking for re-appointment at the conclusion of the 38th AGM; to seek shareholders' mandate for the Board of Directors to appoint new auditors of the Company for the financial year ending 30 June 2024; and to consider the authority to Allot Shares Pursuant to Sections 75 and 76 of the Companies Act 2016. Announcement • Sep 20
Seacera Group Berhad, Seacera Properties Sdn Bhd, Duta Nilai Holdings Sdn Bhd and Duta Skyline Sdn Bhd Provide Material Litigation Update Seacera Group Berhad provided material litigation update. Appellants (Plaintiffs): Ismail bin Othman, Zainab binti Mansor, Mohamad Suffian bin Ismail, Mohd Razip bin Hamzah & Siti Haidah binti Ariffin (Ismail bin Othman & 4 Ors). Respondents (Defendants): Seacera Group Berhad (SGB), Seacera Properties Sdn Bhd (SPSB), Duta Nilai Holdings Sdn Bhd (DNHSB) & Duta Skyline Sdn Bhd (DSSB) (SGB & 3 Ors). Seacera Group Berhad announced that the parties attended the Court on 19 September 2023 for Case Management ("CM") of appeals and the Court fixed further date for CM on 31 October 2023. The reference is made to the company's announcements on 11 February 2022, 14 March 2022, 23 May 2022, 4 July 2022, 15 September 2022, 18 October 2022, 2 November 2022, 10 November 2022, 22 November 2022, 1 December 2022, 3 March 2023, 7 March 2023, 11 April 2023, 12 June 2023 and 24 July 2023. Reported Earnings • Aug 30
Full year 2023 earnings released: EPS: RM0.012 (vs RM0.011 in FY 2022) Full year 2023 results: EPS: RM0.012 (up from RM0.011 in FY 2022). Revenue: RM56.2m (down 20% from FY 2022). Net income: RM7.58m (up 15% from FY 2022). Profit margin: 14% (up from 9.4% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. New Risk • Aug 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Malaysian stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Market cap is less than US$100m (RM171.0m market cap, or US$36.8m). Announcement • Jul 25
Seacera Group Berhad, Seacera Properties Sdn Bhd, Duta Nilai Holdings Sdn Bhd and Duta Skyline Sdn Bhd Provide Material Litigation Update Seacera Group Berhad announced material litigation appeal court of putrajaya appeal no: W-02(NCC)(W)-168-01/2022 (Writ No: WA-22NCC-603-10/2019) Appellants (Plaintiffs): Ismail bin Othman, Zainab binti Mansor, Mohamad Suffian bin Ismail, Mohd Razip bin Hamzah & Siti Haidah binti Ariffin (Ismail bin Othman & 4 Ors) Respondents (Defendants): Seacera Group Berhad (SGB), Seacera Properties Sdn Bhd (SPSB), Duta Nilai Holdings Sdn Bhd (DNHSB) & Duta Skyline Sdn Bhd (DSSB) (SGB & 3 Ors). Reference is made to the Company's announcements on 11 February 2022, 14 March 2022, 23 May 2022, 4 July 2022, 15 September 2022, 18 October 2022, 2 November 2022, 10 November 2022, 22 November 2022, 1 December 2022, 3 March 2023, 7 March 2023, 11 April 2023 and 12 June 2023. The parties attended the Court on 24 July 2023 for Case Management (CM) of appeals (Enclosure 1 and Enclosure 48) and the Court fixed further date for CM on 19 September 2023. Reported Earnings • Jun 03
Third quarter 2023 earnings released: EPS: RM0.002 (vs RM0.003 in 3Q 2022) Third quarter 2023 results: EPS: RM0.002 (down from RM0.003 in 3Q 2022). Revenue: RM12.7m (down 20% from 3Q 2022). Net income: RM1.46m (down 31% from 3Q 2022). Profit margin: 12% (down from 13% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • May 18
Seacera Group Berhad Updates on Litigation Seacera Group Berhad announced APPEAL COURT OF PUTRAJAYA Appeal No: W-02(NCC)(W)-1954-10/2022 (Writ No: WA-22NCC-114-03/2019). Appellants (Plaintiffs): Gan Hai Toh. Respondents (Defendants): Seacera Group Berhad [Registration No. 198701005080 (163751-H)]. Reference is made to the Company's announcements dated 19 September 2022, 25 October 2022, 9 January 2023 and 16 March 2023. The Company announced that the parties attended the Court on 16 May 2023 via e-Review for Case Management ("CM") of this appeal. The Court fixed a new date for further CM on 18 April 2024 and the hearing of the Appeal on 3 May 2024. This announcement is dated 17 May 2023. Reported Earnings • Feb 21
Second quarter 2023 earnings released: EPS: RM0.003 (vs RM0.003 in 2Q 2022) Second quarter 2023 results: EPS: RM0.003 (in line with 2Q 2022). Revenue: RM13.4m (down 52% from 2Q 2022). Net income: RM1.91m (up 5.8% from 2Q 2022). Profit margin: 14% (up from 6.5% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 44% 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. Announcement • Jan 10
Seacera Group Berhad Announces Update on Material Litigation Seacera Group Berhad announced that reference is made to the Company's announcements dated 19 September 2022 and 25 October 2022. The Company announced that the Court had informed the parties that the Case Management (CM) of the appeal fixed on 9 January 2023 has been changed to 19 January 2023. Announcement • Dec 03
Seacera Group Berhad, Seacera Properties Sdn. Bhd., Duta Nilai Holdings Sdn. and Duta Skyline Sdn Bhd Provides Update on Material Litigation Seacera Group Berhad, Seacera Properties Sdn. Bhd., Duta Nilai Holdings Sdn. Bhd. & Duta Skyline Sdn. Bhd. announced that with reference is made to the Company's announcements on 11 February 2022, 14 March 2022, 23 May 2022, 4 July 2022, 15 September 2022, 18 October 2022, 2 November 2022 and 10 November 2022 and 22 November 2022. The Companies informed that the parties appeared before a Deputy Registrar on 30 November 2022. The Court fixed a new date for hearing the appeals (Enclosure 1 and Enclosure 48) on 3 March 2023. Appellants (Plaintiffs): Ismail bin Othman, Zainab binti Mansor, Mohamad Suffian bin Ismail, Mohd Razip bin Hamzah & Siti Haidah binti Ariffin (Ismail bin Othman & 4 Ors). Reported Earnings • Nov 26
First quarter 2023 earnings released: EPS: RM0.003 (vs RM0.001 in 1Q 2022) First quarter 2023 results: EPS: RM0.003 (up from RM0.001 in 1Q 2022). Revenue: RM13.7m (up 17% from 1Q 2022). Net income: RM1.94m (up 265% from 1Q 2022). Profit margin: 14% (up from 4.5% in 1Q 2022). The increase in margin was driven by higher revenue. Board Change • Nov 16
High number of new directors Independent Non-Executive Chairman Abdul Bin Mohd Zabidi was the last director to join the board, commencing their role in 2021. Announcement • Nov 12
Seacera Group Berhad Seacera Properties Sdn. Bhd. Duta Nilai Holdings Sdn. Bhd. & Duta Skyline Sdn. Bhd. Announces Update on Material Litigation At Court of Putrajaya MATERIAL LITIGATION APPEAL COURT OF PUTRAJAYA Appeal No: W-02(NCC)(W)-168-01/2022 (Writ No: WA-22NCC-603-10/2019) Appellants (Plaintiffs): Ismail bin Othman, Zainab binti Mansor, Mohamad Suffian bin Ismail, Mohd Razip bin Hamzah & Siti Haidah binti Ariffin (Ismail bin Othman & 4 Ors) Respondents (Defendants): Seacera Group Berhad (SGB), Seacera Properties Sdn. Bhd. (SPSB), Duta Nilai Holdings Sdn. Bhd. (DNHSB) & Duta Skyline Sdn. Bhd. (DSSB) (SGB & 3 Ors) The parties attended the Court on 9 November 2022 for Case Management. The Court informed the parties that the hearing date for the appeals of Enclosure 1 and Enclosure 48 are maintain which fixed on 25 November 2022 and the Court also vacated the CM date which was fixed on 17 November 2022. Reported Earnings • Oct 28
Full year 2022 earnings released: EPS: RM0.011 (vs RM0.013 in FY 2021) Full year 2022 results: EPS: RM0.011. Revenue: RM70.3m (up RM65.9m from FY 2021). Net income: RM6.62m (up 8.3% from FY 2021). Profit margin: 9.4% (down from 138% in FY 2021). Announcement • Sep 19
Seacera Group Berhad Announces Updates Material Litigation Material Litigation Filed by Gan Hai Toh Seacera Group Berhad announced that the parties had attended the Court on 14 September 2022 for oral hearing/clarification of this suit. The Court had fixed a decision date on 15 September 2022 and the decision was delivered by the Judge YA Puan Adlin Abdul Majid as follow: Plaintiff's claim was dismissed with costs to be paid by the Plaintiff to each of the Defendant and the Third Party; and The 3rd Party Proceedings by the Defendant against the 3rd Party was dismissed with no order as to costs. Reported Earnings • Aug 31
Full year 2022 earnings released: EPS: RM0.011 (vs RM0.015 in FY 2021) Full year 2022 results: EPS: RM0.011 (down from RM0.015 in FY 2021). Revenue: RM70.3m (up RM65.9m from FY 2021). Net income: RM6.70m (down 5.4% from FY 2021). Profit margin: 9.5% (down from 159% in FY 2021). The decrease in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 137% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Aug 17
Seacera Group Berhad Receives Winding Up Petition and Affidavit Verifying Petition by Ambank Islamic Berhad The Board of Directors of Seacera Group Berhad announced that the Company had on 16 August 2022 received a Winding Up Petition dated 8 August 2022 and Affidavit Verifying Petition dated 9 August 2022 by the Petitioner from their solicitors for an alleged amount MYR 14,644,788.98 purportedly due and owing to the Petitioner as at 29 June 2022 being the amount due under the Judgment dated 4 November 2019 obtained against the Company at the High Court of Malaya at Kuala Lumpur vide Suit No. WA-22M-496-07/2019.Further details pertaining to the Winding up Petition are as follow:-The date of presentation of the Winding Up Petition on 8 August 2022 and the date Winding Up Petition was served to the Company on 16 August 2022. The particulars of the claim under the Petition, including the amount claimed for under the Petition and the interest rate. The details of the claim under the Petition are as follow:-The Company is indebted to the Petitioner in the sum of MYR 14,644,788.98 purportedly due and owing to the Petitioner as at 29 June 2022 being the amount due under the Judgment dated 4 November 2019 obtained against the Company at the High Court of Malaya at Kuala Lumpur vide Suit No. WA-22M-496-07/2019.; The Company may be wound up by the Court under the provision of the Companies Act, 2016; that the Official Receiver of Malaysia may be appointed as the Official Liquidator of Respondent; that the costs of the Petition be paid out of the assets of the Respondent; and Or such other order may be made as the Court thinks fit and/or just. The details of the default or circumstances leading to the filing of the Winding Up Petition against the Company. The Petitioner on 29 June 2022 issued a Statutory Notice of Demand under Section 466 of the Companies Act 2016 to demand of full settlement of the alleged Demanded Sum. The 21 days have lapsed from the said Notice was served to the Company. Therefore, the Petitioner through their solicitor filed a Winding up Petition against the Company to demand the alleged demanded sum. The financial and operational impact of the winding up Petition on the Company. No financial and operational impact is expected from this Winding up Petition unless the winding up Order is granted by the Court. The expected losses, if any arising from the Winding up petition. No further material losses are expected to incurred (except for any further related costs to be incurred from the Winding Up petition).Steps to be taken. The Company will appoint a legal firm to advise on the matter and to represent the Company as well as to oppose the winding up petition. The Case Management date has been fixed by the Court on 6 October 2022 and the Hearing date for this Winding up Petition on 29 March 2023 before YA Tuan Nadzarin bin Wok Nordin. The Company will make further announcement on any material development on this matter. Announcement • Jul 26
Seacera Group Berhad Files Notice of Appeal Seacera Group Berhad announced that it had filed a Notice of Appeal (NOA) against the decision for enclosure 1,3 and 18 obtained on 27 May 2022 made by the High Court of Shah Alam. The Court fixed a Case Management (CM) date for the appeals on 4 August 2022. Announcement • Jul 05
Seacera Group Berhad Announces Update on Material Litigation Seacera Group Berhad announced the reference is made to the company's announcements on 5 November 2019, 12 November 2019, 7 January 2020, 2 March 2020, 31 March 2020, 19 May 2020, 19 August 2020, 25 August 2020, 18 September 2020, 19 October 2020, 3 November 2020, 8 December 2020, 31 December 2020, 15 January 2021, 5 April 2021, 3 May 2021, 31 May 2021, 28 June 2021, 15 July 2021, 22 July 2021, 4 August 2021, 24 August 2021, 9 September 2021, 30 September 2021, 16 November 2021, 17 December 2021, 30 December 2021, 11 February 2022, 14 March 2022 and 23 May 2022. The company announced that Ismail bin Othman, Zainab binti Mansor, Mohamad Suffian bin Ismail, Mohd Razip bin Hamzah & Siti Haidah binti Ariffin (Plaintiffs) had filed a Notice of Motion to stay the execution of suit 603’s judgment dated 29 December 2021 and the Court fixed a Case Management ("CM") date for the Motion on 28 June 2022. The parties attended the CM and the Court fixed a hearing date for the Motion on 15 September 2022. The Respondents (Defendants) are Seacera Group Berhad ("SGB"), Seacera Properties Sdn. Bhd. ("SPSB"), Duta Nilai Holdings Sdn. Bhd. ("DNHSB") & Duta Skyline Sdn. Bhd. ("DSSB"). Announcement • Jun 17
Seacera Group Berhad Provides Update on Material Litigation Seacera Group Berhad announced that the parties had attended the Court on 15 June 2022 for trial of the suit and informed that the trial was ended 15 June 2022 and the court fixed a date for oral hearing/clarification on 14 September 2022. Reference is made to the Company's announcements dated 27 March 2019, 27 May 2019, 30 May 2019, 4 June 2019, 12 June 2019, 9 July 2019, 18 July 2019, 18 September 2019, 7 October 2019, 25 November 2019, 6 January 2020, 21 January 2020, 3 March 2020, 20 March 2020, 21 May 2020, 5 June 2020, 18 November 2020, 24 November 2020, 18 August 2021, 6 September 2021, 7 October 2021, 3 January 2022, 20 January 2022, 8 April 2022 and 13 May 2022. Reported Earnings • Jun 02
Third quarter 2022 earnings released: EPS: RM0.004 (vs RM0.001 in 3Q 2021) Third quarter 2022 results: EPS: RM0.004 (up from RM0.001 in 3Q 2021). Revenue: RM15.8m (up RM14.9m from 3Q 2021). Net income: RM2.11m (up RM1.81m from 3Q 2021). Profit margin: 13% (down from 33% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 154% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • May 21
Seacera Group Berhad Provides Update on Material Litigation Seacera Group Berhad provided material litigation update where United Brem Sdn. Bhd. is Plaintiff and Seacera Group Berhad is Defendant. The company announced that the both parties had derived to a mutual settlement and agreed to record a Consent Judgment. The Defendant had applied to the Court a date to record a Consent Judgment. The Court fixed a new date to record the Consent Judgment on 24 May 2022 via zoom before YA Judge Puan Liza Chan Sow Keng. Plaintiff: United Brem Sdn. Bhd. Defendant: Seacera Group Berhad. Announcement • May 14
Seacera Group Berhad Provides Update on Material Litigation Seacera Group Berhad announced that the parties had attended the Court on 12 May 2022 for Case Management (CM) of the suit. Please be informed that the parties have filed their respective witness statements. The trial on 15 June 2022 and 16 June 2022 is maintained. suit: High Court of Kuala Lumpur Statement of Claim and Writ of Summon No. WA-22NCC-114-03/2019 ("Claim") filed by Gan Hai Toh ("the Plaintiff") against Seacera Group Berhad ("the Defendant"). 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. No experienced directors. No highly experienced directors. Independent Non-Executive Director Nicholas Wong is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 13
Seacera Group Berhad Provides Update on Material Litigation Seacera Group Berhad announced that the parties had attended the Court for Pre-Trial Case Management (PTCM) and hearing for Enclosure 62 (Discovery application filed by the Plaintiffs in the main suit) on 12 April 2022. The Judge has delivered the decision for enclosure 62 where the Enclosure 62 to be struck off with liberty to file with cost in the cause. The Court fixed a next date for PTCM on 17 May 2022. Announcement • Apr 09
Seacera Group Berhad Provides Update on Material Litigation Seacera Group Berhad provided update on High Court of Kuala Lumpur Statement of Claim and Writ of Summon No. WA-22NCC-114-03/2019 ("Claim") filed by Gan Hai Toh against Seacera Group Berhad. The Company announced that the parties had attended the Court 8 April 2022 for Case Management (CM) of the above suit. The Court had directed as follows: Trial on 15 June 2022 and 16 June 2022 will proceed via physical appearance in Court; and CM date fixed on 12 May 2022. Announcement • Apr 03
Seacera Group Berhad Appoints Yap Kok Keong as Chief Financial Officer Seacera Group Berhad appointed YAP KOK KEONG as Chief Financial Officer, Date of change is 01 Apr. 2022. Yap Kok Keong has more than 10 years of experience in the field of Audit & Assurance. Prior to joining Seacera, he was involved in audit services for clients covering a wide spectrum of industries, from MNCs to PLCs. He also has experience in Initial Public Offering and other corporate exercises. Reported Earnings • Feb 02
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: RM0.003 (up from RM0 in 2Q 2021). Revenue: RM27.7m (up RM26.3m from 2Q 2021). Net income: RM1.80m (up RM1.64m from 2Q 2021). Profit margin: 6.5% (down from 12% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Jan 28
Seacera Group Berhad Provides Material Litigation Update Seacera Group Berhad provided update on High Court of Kuala Lumpur Statement of Claim and Writ of Summon No. WA-21NCVC-77-10/2020 filed by Lembaga Hasil Dalam Negeri against Seacera Group Berhad. The Company announced that the parties had attended the Court on 26 January 2022 for Case Management. Later, the Court fixed a hearing date for Enclosure 13 on 30 May 2022. Announcement • Jan 22
Seacera Group Berhad Announces Material Litigation Update Seacera Group Berhad made announcements dated 27 March 2019, 27 May 2019, 30 May 2019, 4 June 2019, 12 June 2019, 9 July 2019, 18 July 2019, 18 September 2019, 7 October 2019, 25 November 2019, 6 January 2020, 21 January 2020, 3 March 2020, 20 March 2020, 21 May 2020, 5 June 2020, 18 November 2020, 24 November 2020, 18 August 2021, 6 September 2021, 7 October 2021 and 3 January 2022. The Company announced that the parties had attended the Court 20 January 2022 for Case Management of the above suit. The Court had directed as follows- CM on 3 March 2022 is vacated; The matter is fixed for CM on 8 April 2022 for further directions from the Court; Trial on 26 October 2022 and 27 October 2022 is vacated; The matter is fixed for Trial on 15 June 2022 and 16 June 2022. Announcement • Jan 04
Seacera Group Berhad Announces Material Litigation Update Seacera Group Berhad announcements dated 27 March 2019, 27 May 2019, 30 May 2019, 4 June 2019, 12 June 2019, 9 July 2019, 18 July 2019, 18 September 2019, 7 October 2019, 25 November 2019, 6 January 2020, 21 January 2020, 3 March 2020, 20 March 2020, 21 May 2020, 5 June 2020, 18 November 2020, 24 November 2020, 18 August 2021, 6 September 2021 and 7 October 2021. The Company wishes to announced that the parties had attended the Court 3 January 2022 for Case Management (CM) of the above suit. The Court had directed as The matter is fixed for CM on 3 March 2022; and The matter is fixed for Trial on 26 October 2022 and 27 October 2022. Reported Earnings • Oct 03
Full year 2021 earnings released: EPS RM0.015 (vs RM0.024 in FY 2020) Full year 2021 results: Net income: RM7.17m (down 39% from FY 2020). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Aug 30
Seacera Group Berhad has completed a Follow-on Equity Offering in the amount of MYR 18.787236 million. Seacera Group Berhad has completed a Follow-on Equity Offering in the amount of MYR 18.787236 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 120,431,000
Price\Range: MYR 0.156
Transaction Features: Subsequent Direct Listing Announcement • Jul 07
Seacera Group Berhad Provides Updates on its Material Litigation Seacera Group Berhad announced that as per the reference made to the Company's announcements dated 3 September 2019, 2 March 2020, 10 March 2020, 10 June 2020, 1 September 2020, 1 October 2020, 21 October 2020, 9 November 2020, 18 December 2020, 21 January 2021, 13 April 2021, 7 May 2021 and 14 June 2021, the Company announced that the parties had attended the Court on 5 July 2021 before YA Tuan Anand Ponnudurai, the Judicial Commissioner for Hearing of Plaintiff’s application of Summary Judgment. Announcement • Jul 06
High Court of Kuala Lumpur Announces Statement of Claim Against Seacera Ceramics Sdn Bhd and Seacera Group Berhad High Court of Kuala Lumpur Statement of Claim and Writ of Summon No. WA-22NCC-101-02/2020 ("Claim") filed by Malayan Banking Berhad ("the Plaintiff") against Seacera Ceramics Sdn Bhd and Seacera Group Berhad ("the Defendants"). Reference is made to the Company's announcements dated 3 September 2019, 2 March 2020, 10 March 2020, 10 June 2020, 1 September 2020, 1 October 2020, 21 October 2020, 9 November 2020, 18 December 2020, 21 January 2021, 13 April 2021, 7 May 2021 and 14 June 2021. The Company wishes to announce that the parties had attended the Court, 5 July 2021 before YA Tuan Anand Ponnudurai, the Judicial Commissioner for Hearing of Plaintiff’s application of Summary Judgment. The Court has allowed Enclosure 13 (application by the Plaintiff) against the second Defendant with costs. Reported Earnings • Jun 26
Third quarter 2021 earnings released: EPS RM0.001 (vs RM0.036 in 3Q 2020) Third quarter 2021 results: Net income: RM293.0k (down 98% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Jun 15
High Court of Kuala Lumpur Provides Update on Lawsuit Filed Against Seacera Group Berhad and Seacera Ceramics Sdn Bhd High Court of Kuala Lumpur Statement of Claim and Writ of Summon No. WA-22NCC-101-02/2020 ("Claim") filed by Malayan Banking Berhad ("the Plaintiff") against Seacera Ceramics Sdn Bhd and Seacera Group Berhad ("the Defendants"). Reference is made to the Company's announcements dated 3 September 2019, 2 March 2020, 10 March 2020, 10 June 2020, 1 September 2020, 1 October 2020, 21 October 2020, 9 November 2020, 18 December 2020, 21 January 2021, 13 April 2021 and 7 May 2021. The Company announced that the parties had attended the Court on 14 June 2021 before YA Tuan Anand Ponnudurai, the Judicial Commissioner for Hearing of Plaintiff’s application of Summary Judgment (Enclosure 13). The Plaintiff's solicitor has requested a new date for clarification. Announcement • May 19
High Court of Kuala Lumpur Provides Update on Lawsuit Filed Against Seacera Group Berhad High Court of Kuala Lumpur Statement of Claim and Writ of Summon No. WA-21NCVC-77-10/2020 ("Claim") filed by Lembaga Hasil Dalam Negeri (LHDN) ("the Plaintiff") against Seacera Group Berhad (SGB). Reference is made to the Company’s announcements dated 4 November 2020, 9 November 2020, 25 November 2020, 11 January 2021, 21 January 2021, 8 April 2021 and 21 April 2021. The Company wishes to announce that the parties attended the Case Management ("CM") on 6 May 2021 before Pn. Norhatini binti Abd. Hamid. The Court has fixed further CM date on 25 May 2021 before YA Judge Dato’ Sri Latifah binti Hj Mohd Tahar to fix a hearing date for Enclosure 13 (Summary Judgment application by the Plaintiff). Executive Departure • May 07
Company Secretary has left the company On the 30th of April, - Vimalraj's tenure as Company Secretary ended after 2.1 years in the role. We don't have any record of a personal shareholding under -'s name. A total of 3 executives have left over the last 12 months. Announcement • Apr 24
Material Litigation High Court of Kuala Lumpur Statement of Claim and Writ of Summon No. WA-21NCVC-77-10/2020 Filed by Lembaga Hasil Dalam Negeri Against Seacera Group Berhad High Court of Kuala Lumpur Statement of Claim and Writ of Summon No. WA-21NCVC-77-10/2020 (‘Claim’) filed by Lembaga Hasil Dalam Negeri (LHDN) (‘the Plaintiff’) against Seacera Group Berhad (SGB) (‘the Defendant’). Reference is made to the Company’s announcements dated 4 November 2020, 9 November 2020, 25 November 2020, 11 January 2021, 21 January 2021 and 8 April 2021. The Company announced that the parties attended the Case Management (‘CM’) on 20 April 2021 before Pn. Norhatini binti Abd. Hamid. The Plaintiff’s solicitor informed the Court that an application for Summary Judgment (Order 14 application) had been filed on 19 April 2021. The Court has fixed further CM date on 6 May 2021. Announcement • Apr 15
High Court of Kuala Lumpur Statement of Claim and Writ Filed by Malayan Banking Berhad Against Seacera Ceramics Sdn Bhd and Seacera Group Berhad High Court of Kuala Lumpur Statement of Claim and Writ of Summon No. WA-22NCC-101-02/2020 (Claim) filed by Malayan Banking Berhad (the Plaintiff) against Seacera Ceramics Sdn Bhd and Seacera Group Berhad (the Defendants). Reference is made to the company's announcements dated September 3, 2019, March 2, 2020, March 10, 2020, June 10, 2020, September 1, 2020, October 1, 2020, October 21, 2020, November 9, 2020, December 18, 2020 and January 21, 2021. The company wishes to announce that the parties attended the Court on April 12, 2021 before YA Tuan Anand Ponnudurai, the Judicial Commissioner for Case Management (CM). During the CM, the Counsel for the Plaintiff informed that the 2nd Defendant has proposed a settlement to the Plaintiff. The Court has fixed another CM on May 7, 2021 by way of e-review for parties to update the Court on the said settlement proposal. Announcement • Apr 09
High Court of Kuala Lumpur Statement of Claim and Writ of Summon No. WA-21NCVC-77-10/2020 filed by Lembaga Hasil Dalam Negeri against Seacera Group Berhad High Court of Kuala Lumpur Statement of Claim and Writ of Summon No. WA-21NCVC-77-10/2020 ("Claim") filed by Lembaga Hasil Dalam Negeri (LHDN) ("the Plaintiff") against Seacera Group Berhad (SGB) (Company No. 163751-H) ("the Defendant"). The company announced that the parties attended the Case Management ("CM") on 6 April 2021 before Pn. Norhatini binti Abd. Hamid. The Court has fixed further CM date on 20 April 2021 via e-review. This announcement is dated 8 April 2021. Is New 90 Day High Low • Mar 11
New 90-day high: RM0.28 The company is up 27% from its price of RM0.23 on 11 December 2020. The Malaysian market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 20% over the same period. Announcement • Mar 10
Seacera Group Berhad Announces Resignation of DATO' DR AZIRUL SALIHIN BIN ANUAR as Independent and Non Executive Member of Audit Committee, Effective from March 9, 2021 Seacera Group Berhad announced resignation of DATO' DR AZIRUL SALIHIN BIN ANUAR as Independent and Non Executive Member of Audit Committee, Date of change: 09 March 2021. Executive Departure • Mar 10
Independent Non Executive Chairman Azirul Bin Anuar has left the company On the 9th of March, Azirul Bin Anuar's tenure as Independent Non Executive Chairman ended after less than a year in the role. We don't have any record of a personal shareholding under Azirul's name. A total of 2 executives have left over the last 12 months. Executive Departure • Feb 26
Independent and Non Executive Director has left the company On the 20th of February, Soon Mah's tenure as Independent and Non Executive Director ended after 1.1 years in the role. We don't have any record of a personal shareholding under Soon's name. Soon is the only executive to leave the company over the last 12 months. Announcement • Jan 20
Seacera Group Berhad Provides Material Litigation Update Seacera Group Berhad announced that reference is made to the Company’s announcements dated 4 December 2019, 30 December 2019, 14 January 2020, 3 February 2020, 14 February 2020, 12 March 2020, 16 June 2020, 25 August 2020, 18 September 2020,15 October 2020 and 8 December 2020. MATERIAL LITIGATION High Court of Taiping Originating Summon No. AB-24MFC-38-11/2019 (OS) filed by Small Medium Enterprise Development Bank Malaysia Berhad (the Plaintiff) against Seacera Porcelain Sdn Bhd (the Defendant). The Company announced that the hearing on 14 January 2021 has been vacated. The Court has fixed a new date for case management on 9 February 2021 before Yang Arif Tuan Muniandy a/l Kannyappan. Announcement • Jan 11
Seacera Group Berhad Provides Material Litigation Update High Court of Kuala Lumpur Statement of Claim and Writ of Summon No. WA-21NCVC-77-10/2020 ("Claim") filed by Lembaga Hasil Dalam Negeri (LHDN) ("the Plaintiff") against Seacera Group Berhad (SGB) (Company No. 163751-H) ("the Defendant"). The company announced that the parties attended the Case Management ("CM") on 8 January 2021 before Pn. Norhatini binti Abd. Hamid. The Plaintiff has informed the Court that the Plaintiff will be filing Summary Judgment (Order 14 application) in due course. The Court has fixed the next CM date on 21 January 2021. Announcement • Nov 26
Seacera Group Berhad Provides Updates on Case Filed by Gan Hai Toh High Court of Kuala Lumpur Statement of Claim and Writ of Summon No. WA-22NCC-114-03/2019 filed by Gan Hai Toh against Seacera Group Berhad. Reference is made to the Company's announcements dated 27 March 2019, 27 May 2019, 30 May 2019, 4 June 2019, 12 June 2019, 9 July 2019, 18 July 2019, 18 September 2019, 7 October 2019, 25 November 2019, 6 January 2020, 21 January 2020, 3 March 2020, 20 March 2020, 21 May 2020, 5 June 2020 and 18 November 2020. The Company announced that the parties attended the Court 24 November 2020 for Case Management. The Court has given the following directions; The matter is fixed for CM on 12 January 2021; and the matter is fixed for Trial on 30 November 2021, 1 December 2021 and 2 December 2021 (3 days). Is New 90 Day High Low • Nov 13
New 90-day low: RM0.23 The company is down 20% from its price of RM0.29 on 14 August 2020. The Malaysian market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 18% over the same period. Announcement • Nov 10
Seacera Ceramics Sdn Bhd and Seacera Group Berhad Provide Update on Case Filled by Malayan Banking Berhad The Seacera Group Berhad and Seacera Ceramics Sdn. Bhd. announced that pursuant to the Winding-Up Order dated September 30, 2020 the Plaintiff will withdraw the matter against the first Defendant Seacera Ceramics Sdn Bhd and the Plaintiff will file an application under Order 14 Rules of Court 2012 Summary Judgment. The Judge fixed next CM (e-Review) on 18 December 2020. Is New 90 Day High Low • Oct 21
New 90-day low: RM0.24 The company is down 6.0% from its price of RM0.26 on 23 July 2020. The Malaysian market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 21% over the same period. Is New 90 Day High Low • Oct 02
New 90-day low: RM0.25 The company is down 6.0% from its price of RM0.27 on 03 July 2020. The Malaysian market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 17% over the same period. 