New Risk • Jun 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 8.5% 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: Major Risk High level of non-cash earnings (31% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (RM161.3m market cap, or US$40.6m). Reported Earnings • May 21
First quarter 2026 earnings released: EPS: RM0.013 (vs RM0.012 in 1Q 2025) First quarter 2026 results: EPS: RM0.013 (up from RM0.012 in 1Q 2025). Revenue: RM18.5m (up 28% from 1Q 2025). Net income: RM3.19m (up 4.4% from 1Q 2025). Profit margin: 17% (down from 21% in 1Q 2025). The decrease in margin was driven by higher 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 63% per year, which means it is significantly lagging earnings growth. Board Change • May 11
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 Muhammad Radzi Bin Embong is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 29
MClean Technologies Berhad, Annual General Meeting, Jun 23, 2026 MClean Technologies Berhad, Annual General Meeting, Jun 23, 2026, at 12:00 Singapore Standard Time. Location: ringgit room 2, st regis kuala lumpur, no. 6, jalan stesen sentral 2, kuala lumpur sentral, 50470 kuala lumpur, Malaysia Reported Earnings • Feb 11
Full year 2025 earnings released: EPS: RM0.047 (vs RM0.032 in FY 2024) Full year 2025 results: EPS: RM0.047 (up from RM0.032 in FY 2024). Revenue: RM70.5m (up 15% from FY 2024). Net income: RM11.6m (up 86% from FY 2024). Profit margin: 17% (up from 10% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Commercial Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. New Risk • Nov 26
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 33% 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 Risks Share price has been highly volatile over the past 3 months (13% average weekly change). High level of non-cash earnings (33% accrual ratio). Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (RM126.8m market cap, or US$30.7m). New Risk • Oct 24
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 Large one-off items impacting financial results. Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (RM155.1m market cap, or US$36.7m). Buy Or Sell Opportunity • Sep 18
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 80% to RM0.49. The fair value is estimated to be RM0.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 22% in the next 2 years. 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 8.7% 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 (8.7% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (RM114.5m market cap, or US$27.3m). Buy Or Sell Opportunity • Aug 28
Now 23% undervalued Over the last 90 days, the stock has risen 7.3% to RM0.29. 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 grown by 4.7% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Aug 27
Second quarter 2025 earnings released: EPS: RM0.014 (vs RM0.005 in 2Q 2024) Second quarter 2025 results: EPS: RM0.014 (up from RM0.005 in 2Q 2024). Revenue: RM17.6m (up 13% from 2Q 2024). Net income: RM2.83m (up 185% from 2Q 2024). Profit margin: 16% (up from 6.4% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Aug 13
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 1.6% to RM0.31. The fair value is estimated to be RM0.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jun 06
Now 24% overvalued Over the last 90 days, the stock has fallen 1.6% to RM0.30. The fair value is estimated to be RM0.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • May 30
First quarter 2025 earnings released: EPS: RM0.012 (vs RM0.001 in 1Q 2024) First quarter 2025 results: EPS: RM0.012 (up from RM0.001 in 1Q 2024). Revenue: RM14.5m (up 10% from 1Q 2024). Net income: RM3.05m (up RM2.82m from 1Q 2024). Profit margin: 21% (up from 1.8% in 1Q 2024). 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 10% per year, which means it is significantly lagging earnings growth. Announcement • Apr 29
MClean Technologies Berhad, Annual General Meeting, May 29, 2025 MClean Technologies Berhad, Annual General Meeting, May 29, 2025, at 15:00 Singapore Standard Time. Location: synergy 1 room, lg2, the westin kuala lumpur, 199, jalan bukit bintang, 55100 kuala lumpur, Malaysia New Risk • Mar 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 177% 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 Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (RM76.3m market cap, or US$17.2m). Reported Earnings • Mar 01
Full year 2024 earnings released: EPS: RM0.031 (vs RM0.021 loss in FY 2023) Full year 2024 results: EPS: RM0.031 (up from RM0.021 loss in FY 2023). Revenue: RM61.3m (up 28% from FY 2023). Net income: RM6.20m (up RM10.3m from FY 2023). Profit margin: 10% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Jan 29
MClean Technologies Berhad Appoints Lee Yee Wooi as Independent and Non-Executive Member of Remuneration Committee MClean Technologies Berhad announced the appointment of Mr. Lee Yee Wooi as independent and non-executive member of remuneration committee. Date of change is 28 January 2025. Age: 53. Composition of Remuneration Committee (Name and Directorate of members after change): Chairman - Muhammad Radzi Bin Embong, Independent Non-Executive Director; Member - Lee Yee Wooi, Independent Non-Executive Director; Member - Chuah Ai Wen, Independent Non-Executive Director. New Risk • Dec 27
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 Risk Market cap is less than US$100m (RM58.2m market cap, or US$13.0m). Reported Earnings • Nov 30
Third quarter 2024 earnings released: EPS: RM0.006 (vs RM0.01 loss in 3Q 2023) Third quarter 2024 results: EPS: RM0.006 (up from RM0.01 loss in 3Q 2023). Revenue: RM16.3m (up 47% from 3Q 2023). Net income: RM1.14m (up RM3.04m from 3Q 2023). Profit margin: 7.0% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. New Risk • Nov 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM44.4m (US$9.96m) 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 Earnings have declined by 9.7% per year over the past 5 years. Market cap is less than US$10m (RM44.4m market cap, or US$9.96m). Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). Announcement • Oct 10
MClean Technologies Berhad announced that it expects to receive MYR 12.299956 million in funding from Accrelist Crowdfunding Pte. Ltd. MClean Technologies Berhad announced a private placement to issue 49,300,000 shares at an issue price of MYR 0.249492 for the gross proceeds of MYR 12,299,955.6 on October 8, 2024. The transaction will include participation from potential investors Accrelist Crowdfunding Pte. Ltd., which is representing 25.0% of its issued share capital and is also seeking shareholders’ approval to allocate up to 25,000,000 million of these placement shares. The transaction is also subject to subject shareholders. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: RM0.005 (vs RM0.005 loss in 2Q 2023) Second quarter 2024 results: EPS: RM0.005 (up from RM0.005 loss in 2Q 2023). Revenue: RM15.5m (up 30% from 2Q 2023). Net income: RM992.0k (up RM1.88m from 2Q 2023). Profit margin: 6.4% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: RM0.001 (vs RM0.004 loss in 1Q 2023) First quarter 2024 results: EPS: RM0.001 (up from RM0.004 loss in 1Q 2023). Revenue: RM13.1m (up 9.0% from 1Q 2023). Net income: RM236.0k (up RM1.11m from 1Q 2023). Profit margin: 1.8% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 15% per year. Announcement • Apr 28
MClean Technologies Berhad, Annual General Meeting, May 30, 2024 MClean Technologies Berhad, Annual General Meeting, May 30, 2024, at 10:00 Singapore Standard Time. Location: atTricor Leadership Room, Unit 32-01, Level 32, Tower A, Vertical Business Suite Avenue 3, Bangsar South, No. 8 Jalan Kerinchi 59200 Kuala Lumpur Malaysia Agenda: To consider the Audited Financial Statements for the financial year ended 31 December 2023; to consider and re-elect directors who retire by rotation in accordance with the Company's Constitution and being eligible, offer themselves for re-election; to consider and approve the the payment of Directors fees; to consider and re-appoint Messrs. Grant Thornton Malaysia PLT as Auditors for the financial year ending 31 December 2024; and to consider other business matters. New Risk • Mar 19
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 13% 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 (13% average weekly change). Earnings have declined by 9.1% per year over the past 5 years. Market cap is less than US$10m (RM35.5m market cap, or US$7.50m). Buy Or Sell Opportunity • Mar 19
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to RM0.18. The fair value is estimated to be RM0.14, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.8% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Feb 28
Full year 2023 earnings released: RM0.02 loss per share (vs RM0.015 loss in FY 2022) Full year 2023 results: RM0.02 loss per share (further deteriorated from RM0.015 loss in FY 2022). Revenue: RM47.8m (down 8.7% from FY 2022). Net loss: RM3.97m (loss widened 33% from FY 2022). 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 33% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 30
Third quarter 2023 earnings released: RM0.01 loss per share (vs RM0.008 loss in 3Q 2022) Third quarter 2023 results: RM0.01 loss per share (further deteriorated from RM0.008 loss in 3Q 2022). Revenue: RM11.1m (down 14% from 3Q 2022). Net loss: RM1.90m (loss widened 26% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. New Risk • Nov 10
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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 11% per year over the past 5 years. Market cap is less than US$10m (RM32.5m market cap, or US$6.91m). Reported Earnings • Aug 30
Second quarter 2023 earnings released: RM0.004 loss per share (vs RM0.007 loss in 2Q 2022) Second quarter 2023 results: RM0.004 loss per share (improved from RM0.007 loss in 2Q 2022). Revenue: RM12.0m (down 20% from 2Q 2022). Net loss: RM888.0k (loss narrowed 37% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 01
First quarter 2023 earnings released: RM0.004 loss per share (vs RM0.003 loss in 1Q 2022) First quarter 2023 results: RM0.004 loss per share (further deteriorated from RM0.003 loss in 1Q 2022). Revenue: RM12.1m (down 19% from 1Q 2022). Net loss: RM877.0k (loss widened 36% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Announcement • May 31
Mclean Technologies Berhad Announces Resignation of Pang Kong Chek as Independent and Non Executive Member of Remuneration Committee MClean Technologies Berhad announced resignation of Pang Kong Chek as Independent and Non Executive Member of Remuneration Committee. His age is 47 and nationality is Malaysia. Date of change is 30 May 2023. Composition of Remuneration Committee(Name and Directorate of members after change): Chairman:DR DANNY OH BENG TECK - Senior Independent Non-Executive DirectorMembers:MS SITI HALIZA BINTI MD.TAIB - Independent Non-Executive DirectorDR GOH KWEE KENG Independent Non-Executive Director.