Board Change • May 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. 3 experienced directors. 6 highly experienced directors. Independent Non-Executive Director Ching Tan was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Apr 30
Brite-Tech Berhad, Annual General Meeting, Jun 09, 2026 Brite-Tech Berhad, Annual General Meeting, Jun 09, 2026, at 10:00 Singapore Standard Time. Location: tioman room, bukit jalil golf and country resort, jalan jalil perkasa 3, bukit jalil, 57000, kuala lumpur, Malaysia New Risk • Mar 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 45% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (RM64.3m market cap, or US$16.3m). Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: RM0.042 (vs RM0.037 in FY 2024) Full year 2025 results: EPS: RM0.042 (up from RM0.037 in FY 2024). Revenue: RM30.1m (up 4.6% from FY 2024). Net income: RM10.5m (up 14% from FY 2024). Profit margin: 35% (up from 32% in FY 2024). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 28
Third quarter 2025 earnings released: EPS: RM0.007 (vs RM0.008 in 3Q 2024) Third quarter 2025 results: EPS: RM0.007 (down from RM0.008 in 3Q 2024). Revenue: RM7.93m (up 7.2% from 3Q 2024). Net income: RM1.71m (down 10% from 3Q 2024). Profit margin: 22% (down from 26% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 1% per year. Reported Earnings • Aug 29
Second quarter 2025 earnings released: EPS: RM0.007 (vs RM0.006 in 2Q 2024) Second quarter 2025 results: EPS: RM0.007 (up from RM0.006 in 2Q 2024). Revenue: RM7.27m (up 6.4% from 2Q 2024). Net income: RM1.72m (up 16% from 2Q 2024). Profit margin: 24% (up from 22% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year. Declared Dividend • Jun 05
Dividend of RM0.01 announced Dividend of RM0.01 is the same as last year. Ex-date: 20th June 2025 Payment date: 9th July 2025 Dividend yield will be 3.6%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 4.7% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 03
Brite-Tech Berhad Approves Final Single Tier Dividend for the Financial Year Ended 31 December 2024 Brite-Tech Berhad at its AGM, held on 3 June 2025, approved to declare a final single tier dividend of 1.00 sen per ordinary share in respect of the financial year ended 31 December 2024. Reported Earnings • May 30
First quarter 2025 earnings released: EPS: RM0.005 (vs RM0.005 in 1Q 2024) First quarter 2025 results: EPS: RM0.005 (in line with 1Q 2024). Revenue: RM6.75m (up 2.2% from 1Q 2024). Net income: RM1.33m (up 5.7% from 1Q 2024). Profit margin: 20% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year. Buy Or Sell Opportunity • May 28
Now 21% overvalued Over the last 90 days, the stock has fallen 7.1% to RM0.26. The fair value is estimated to be RM0.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has declined by 5.5%. Buy Or Sell Opportunity • May 13
Now 23% overvalued Over the last 90 days, the stock has fallen 8.8% to RM0.26. The fair value is estimated to be RM0.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has declined by 5.5%. Announcement • Apr 29
Brite-Tech Berhad, Annual General Meeting, Jun 03, 2025 Brite-Tech Berhad, Annual General Meeting, Jun 03, 2025, at 10:00 Singapore Standard Time. Location: tioman room, bukit jalil golf and country resort, jalan jalil perkasa 3, bukit jalil, 57000, kuala lumpur, Malaysia Buy Or Sell Opportunity • Apr 08
Now 20% overvalued Over the last 90 days, the stock has fallen 20% to RM0.26. The fair value is estimated to be RM0.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has declined by 5.5%. New Risk • Mar 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 31% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (RM69.3m market cap, or US$15.7m). Reported Earnings • Mar 01
Full year 2024 earnings released: EPS: RM0.037 (vs RM0.028 in FY 2023) Full year 2024 results: EPS: RM0.037 (up from RM0.028 in FY 2023). Revenue: RM28.8m (up 15% from FY 2023). Net income: RM9.27m (up 33% from FY 2023). Profit margin: 32% (up from 28% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • Nov 29
Third quarter 2024 earnings released: EPS: RM0.008 (vs RM0.006 in 3Q 2023) Third quarter 2024 results: EPS: RM0.008 (up from RM0.006 in 3Q 2023). Revenue: RM7.40m (up 12% from 3Q 2023). Net income: RM1.91m (up 33% from 3Q 2023). Profit margin: 26% (up from 22% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 5% per year. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: RM0.006 (vs RM0.005 in 2Q 2023) Second quarter 2024 results: EPS: RM0.006 (up from RM0.005 in 2Q 2023). Revenue: RM6.83m (up 18% from 2Q 2023). Net income: RM1.48m (up 19% from 2Q 2023). Profit margin: 22% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Declared Dividend • Jun 10
Dividend increased to RM0.01 Dividend of RM0.01 is 25% higher than last year. Ex-date: 25th June 2024 Payment date: 11th July 2024 Dividend yield will be 2.6%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (37% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 4.7% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 08
Brite-Tech Berhad Approves Final Single Tier Dividend for the Financial Year Ended 31 December 2023, Payable on 11 July 2024 Brite-Tech Berhad announced that at its AGM held on 7 June 2024, the shareholders approved final single tier dividend of 1.00 sen per ordinary share in respect of the financial year ended 31 December 2023, payable on 11 July 2024. Entitlement date is 26 June 2024. Ex-Date is 25 June 2024. Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: RM0.005 (vs RM0.005 in 1Q 2023) First quarter 2024 results: EPS: RM0.005 (in line with 1Q 2023). Revenue: RM6.61m (up 20% from 1Q 2023). Net income: RM1.26m (down 5.0% from 1Q 2023). Profit margin: 19% (down from 24% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • May 01
Brite-Tech Berhad, Annual General Meeting, Jun 07, 2024 Brite-Tech Berhad, Annual General Meeting, Jun 07, 2024, at 12:00 Singapore Standard Time. Agenda: To receive the Audited Financial Statements for the financial year ended 31 December 2023 together with the Reports of the Directors and Auditors thereon; to declare a final single tier dividend of 1.00 sen per ordinary share in respect of the financial year ended 31 December 2023; to approve the payment of Directors fees of RM337,500.00 and benefits of RM39,600.00 for the financial year ended 31 December 2023; to re-elect the Director who retires pursuant to Clause 104 of the Constitution of the Company.-Mr. Pang Wee See; to re-elect the Director who retires pursuant to Clause 104 of the Constitution of the Company.-Ir. Koh Thong How; and to consider other matters if any. Announcement • Apr 30
Brite-Tech Berhad Proposes Final Single Tier Dividend for the Financial Year Ended 31 December 2023 Brite-Tech Berhad at its annual general meeting to be held on 7 June 2023, proposed to declare a final single tier dividend of 1.00 sen per ordinary share in respect of the financial year ended 31 December 2023. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: RM0.029 (vs RM0.03 in FY 2022) Full year 2023 results: EPS: RM0.029 (down from RM0.03 in FY 2022). Revenue: RM25.1m (down 2.2% from FY 2022). Net income: RM7.34m (down 1.6% from FY 2022). Profit margin: 29% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 30
Third quarter 2023 earnings released: EPS: RM0.006 (vs RM0.005 in 3Q 2022) Third quarter 2023 results: EPS: RM0.006 (up from RM0.005 in 3Q 2022). Revenue: RM6.59m (up 17% from 3Q 2022). Net income: RM1.44m (up 6.4% from 3Q 2022). Profit margin: 22% (down from 24% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. New Risk • Nov 14
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 11% 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 (11% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (RM94.5m market cap, or US$20.0m). Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: RM0.005 (vs RM0.005 in 2Q 2022) Second quarter 2023 results: EPS: RM0.005 (in line with 2Q 2022). Revenue: RM5.81m (down 8.0% from 2Q 2022). Net income: RM1.24m (down 1.3% from 2Q 2022). Profit margin: 21% (up from 20% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Jun 03
Brite-Tech Berhad Approves Final Single Tier Dividend for the Financial Year Ended 31 December, 2022 Brite-Tech Berhad at the Annual General Meeting held on 2 June 2023, approved to declare a final single tier dividend of 0.80 sen per ordinary share in respect of the financial year ended 31 December 2022. Reported Earnings • Feb 26
Full year 2022 earnings released: EPS: RM0.032 (vs RM0.034 in FY 2021) Full year 2022 results: EPS: RM0.032 (down from RM0.034 in FY 2021). Revenue: RM25.6m (up 8.2% from FY 2021). Net income: RM8.07m (down 5.8% from FY 2021). Profit margin: 32% (down from 36% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 03
Third quarter 2022 earnings released: EPS: RM0.005 (vs RM0.003 in 3Q 2021) Third quarter 2022 results: EPS: RM0.005 (up from RM0.003 in 3Q 2021). Revenue: RM5.63m (up 15% from 3Q 2021). Net income: RM1.35m (up 96% from 3Q 2021). Profit margin: 24% (up from 14% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
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. 1 experienced director. 6 highly experienced directors. Independent Non-Executive Director Swee Cheng Wee was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: RM0.005 (vs RM0.005 in 2Q 2021) Second quarter 2022 results: EPS: RM0.005 (vs RM0.005 in 2Q 2021). Revenue: RM6.32m (up 6.5% from 2Q 2021). Net income: RM1.25m (flat on 2Q 2021). Profit margin: 20% (down from 21% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jun 15
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 3.3%. The fair value is estimated to be RM0.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.4% over the last 3 years. Earnings per share has grown by 18%. Announcement • Jun 10
Brite-Tech Berhad Declares Final Dividend for the Financial Year Ended 31 December 2021, Payable on 08 July 2022 Brite-Tech Berhad declares Final Single Tier Dividend of 0.80 sen per share for the financial year ended 31 December 2021, payable on 08 July 2022. Ex-Date is 27 June 2022. Board Change • Jun 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. 1 experienced director. 6 highly experienced directors. Independent Non-Executive Director Swee Cheng Wee was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Buying Opportunity • May 31
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 3.3%. The fair value is estimated to be RM0.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.4% over the last 3 years. Earnings per share has grown by 18%. Announcement • May 02
Brite-Tech Berhad, Annual General Meeting, Jun 08, 2022 Brite-Tech Berhad, Annual General Meeting, Jun 08, 2022, at 14:30 Singapore Standard Time. Agenda: To receive the Audited Financial Statements for the financial year ended 31 December 2021 together with the Reports of the Directors and Auditors thereon; to declare a final single tier dividend of 0.80 sen per ordinary share in respect of the financial year ended 31 December 2021; to re-elect the Directors; and to consider other matters if any. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: RM0.034 (up from RM0.018 in FY 2020). Revenue: RM23.7m (down 2.4% from FY 2020). Net income: RM8.58m (up 85% from FY 2020). Profit margin: 36% (up from 19% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 28
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: RM0.003 (down from RM0.008 in 3Q 2020). Revenue: RM4.91m (down 27% from 3Q 2020). Net income: RM690.0k (down 64% from 3Q 2020). Profit margin: 14% (down from 28% in 3Q 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS RM0.005 (vs RM0.004 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: RM5.93m (up 21% from 2Q 2020). Net income: RM1.25m (up 15% from 2Q 2020). Profit margin: 21% (down from 22% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 28
First quarter 2021 earnings released: EPS RM0.003 (vs RM0.003 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: RM6.23m (up 3.8% from 1Q 2020). Net income: RM855.0k (up 13% from 1Q 2020). Profit margin: 14% (up from 13% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Mar 12
New 90-day high: RM0.56 The company is up 3.0% from its price of RM0.54 on 11 December 2020. The Malaysian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Commercial Services industry, which is up 39% over the same period. Reported Earnings • Feb 28
Full year 2020 earnings released: EPS RM0.019 (vs RM0.023 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: RM24.3m (down 13% from FY 2019). Net income: RM4.69m (down 20% from FY 2019). Profit margin: 19% (down from 21% 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 14% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Dec 01
New 90-day high: RM0.55 The company is up 3.0% from its price of RM0.53 on 02 September 2020. The Malaysian market is also up 3.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Commercial Services industry, which is up 8.0% over the same period. Reported Earnings • Nov 26
Third quarter 2020 earnings released: EPS RM0.008 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: RM6.74m (down 7.8% from 3Q 2019). Net income: RM1.90m (up 47% from 3Q 2019). Profit margin: 28% (up from 18% 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 16% per year whereas the company’s share price has increased by 21% per year. Announcement • Nov 06
Brite-Tech Berhad Provides Legal Update writ of summons and statement of claim filed mr. chan ah kien, former executive director of brite-tech berhad against the company and brite-tech corporation sdn. bhd., a wholly owned subsidiary of the company (litigation). (For consistency, the abbreviations used in this announcement shall be the same as that used in the announcement dated 19 February 2018, 23 February 2018, 18 January 2019, 3 April 2019, 6 May 2019, 14 October 2019, 15 November 2019, 8 January 2020, 13 February 2020 and 1 October 2020, where applicable, unless stated otherwise or defined herein). The company refer to the Company’s announcements dated 19 February 2018, 23 February 2018, 18 January 2019, 3 April 2019, 6 May 2019, 14 October 2019, 15 November 2019, 8 January 2020, 13 February 2020 and 1 October 2020 on the subject matter. The company wishes to update that further to the Court of Appeal decision dated 1 October 2020 which dismissed Mr. Chan Ah Kien’s appeal against the decision of the High Court, the time limited for Mr. Chan Ah Kien to file an application for leave to appeal to the Federal Court expired on 1 November 2020 with no such application having been filed. As such, the decisions of the High Court and Court of Appeal remain on record in respect of the Litigation and the dispute is accordingly at an end. Announcement • Oct 03
Brite-Tech Berhad and Brite-Tech Corporation Sdn. Bhd. Announce Update on Litigation Brite-Tech Berhad updated that its counsel appeared before the Court of Appeal for the hearing of Chan Ah Kien’s appeal against the High Court’s decision of 14 October 2019. Upon hearing counsel, the Court of Appeal dismissed the appeal with costs of MYR 10,000 each to be paid by the Appellant to the Company and Brite-Tech Corporation Sdn. Bhd. The Appellant has thirty days from 1 October 2020 to file an application for leave to appeal (against the Court of Appeal’s decision) to the Federal Court.