Reported Earnings • May 22
First quarter 2026 earnings released: EPS: RM0 (vs RM0.002 in 1Q 2025) First quarter 2026 results: EPS: RM0 (down from RM0.002 in 1Q 2025). Revenue: RM2.20m (up 9.4% from 1Q 2025). Net loss: RM212.0k (down 117% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings. Announcement • Apr 29
PBS Berhad, Annual General Meeting, Jun 08, 2026 PBS Berhad, Annual General Meeting, Jun 08, 2026, at 11:00 Singapore Standard Time. Location: zamrud room, the saujana hotel kuala lumpur, saujana resort, jalan lapangan terbang saas, 40150 shah alam, selangor darul ehsan, Malaysia New Risk • Mar 09
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 7.8% 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 Earnings have declined by 41% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.8% average weekly change). Revenue is less than US$5m (RM12m revenue, or US$3.0m). Market cap is less than US$100m (RM69.4m market cap, or US$17.5m). New Risk • Mar 01
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 41% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Revenue is less than US$5m (RM17m revenue, or US$4.4m). Market cap is less than US$100m (RM84.4m market cap, or US$21.7m). Reported Earnings • Mar 01
Full year 2025 earnings released: EPS: RM0.002 (vs RM0 in FY 2024) Full year 2025 results: EPS: RM0.002 (up from RM0 in FY 2024). Revenue: RM17.3m (down 70% from FY 2024). Net income: RM876.0k (up RM1.07m from FY 2024). Profit margin: 5.1% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. Announcement • Apr 22
PBS Berhad, Annual General Meeting, May 22, 2025 PBS Berhad, Annual General Meeting, May 22, 2025, at 15:00 Singapore Standard Time. Location: zamrud room, the saujana hotel kuala lumpur, saujana resort, jalan lapangan terbang saas, 40150 shah alam, selangor darul ehsan, Malaysia New Risk • Mar 24
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 8.4% 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 Earnings have declined by 21% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (RM102.5m market cap, or US$23.1m). Reported Earnings • Feb 23
Full year 2024 earnings released: RM0.03 loss per share (vs RM0.027 loss in FY 2023) Full year 2024 results: RM0.03 loss per share. Revenue: RM66.1m (up 204% from FY 2023). Net loss: RM189.0k (loss narrowed 99% from FY 2023). New Risk • Dec 04
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 6.8% 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 Earnings have declined by 17% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (RM126.7m market cap, or US$28.4m). Reported Earnings • Nov 22
Third quarter 2024 earnings released: RM0.007 loss per share (vs RM0.001 loss in 3Q 2023) Third quarter 2024 results: RM0.007 loss per share (further deteriorated from RM0.001 loss in 3Q 2023). Revenue: RM7.21m (down 55% from 3Q 2023). Net loss: RM4.20m (loss widened 380% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: RM0.001 (vs RM0.024 loss in 2Q 2023) Second quarter 2024 results: EPS: RM0.001 (up from RM0.024 loss in 2Q 2023). Revenue: RM18.7m (up 266% from 2Q 2023). Net income: RM623.0k (up RM15.2m from 2Q 2023). Profit margin: 3.3% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Reported Earnings • May 25
First quarter 2024 earnings released: EPS: RM0.002 (vs RM0.008 in 1Q 2023) First quarter 2024 results: EPS: RM0.002 (down from RM0.008 in 1Q 2023). Revenue: RM33.4m (down 86% from 1Q 2023). Net income: RM1.44m (down 69% from 1Q 2023). Profit margin: 4.3% (up from 2.0% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Apr 24
Pelikan International Corporation Berhad, Annual General Meeting, May 24, 2024 Pelikan International Corporation Berhad, Annual General Meeting, May 24, 2024, at 15:00 Singapore Standard Time. Location: Tricor Business Centre, Gemilang Room, Unit 29-01, Level 29, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, Kuala Lumpur Malaysia 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 approve the payment of Directors' fees amounting to RM430,000 for the financial year ending 31 December 2024 and to be made payable on monthly basis;To approve an amount of up to RM64,500 as benefits payable to the Non-Executive Directors of the Company with effect from 25 May 2024, a day after the 42nd AGM; until the next Annual General Meeting of the Company in year 2025 pursuant to Section 230(1)(b) of the Companies Act 2016; and to discuss other matters. Announcement • Mar 29
Pelikan International Corporation Berhad Announces the Resignation of Mr. Kim Kenny as Non Independent and Non Executive Director Pelikan International Corporation Berhad announced the resignation of Mr. Kim Kenny as Non Independent and Non Executive Director. Date of change is 29 March 2024. Age is 56. To focus on other personal commitment. Upcoming Dividend • Mar 29
Inaugural dividend of RM0.02 per share Eligible shareholders must have bought the stock before 05 April 2024. Payment date: 22 April 2024. The company last paid an ordinary dividend in . The average dividend yield among industry peers is 1.6%. Reported Earnings • Feb 28
Full year 2023 earnings released: RM0.082 loss per share (vs RM0.095 profit in FY 2022) Full year 2023 results: RM0.082 loss per share (down from RM0.095 profit in FY 2022). Net loss: RM13.4m (down 123% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Dec 28
Pelikan International Corporation Berhad Announces Cessation of Office of Encik Ahmad Al Farouk Bin Ahmad Kamal as Non Independent and Non Executive Member of Audit Committee, Effective December 31, 2023 Pelikan International Corporation Berhad announced cessation of office of ENCIK AHMAD AL FAROUK BIN AHMAD KAMAL as Non Independent and Non Executive Member of Audit Committee. Date of change is December 31, 2023. Age is 43. Composition of Audit Committee: 1) Lim Chee Hoong - Chairman (Independent Non-Executive Director) and 2) Fong Wai Leong - Member (Independent Non-Executive Director). Upcoming Dividend • Dec 21
Inaugural dividend of RM0.75 per share Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 11 January 2024. The company last paid an ordinary dividend in . The average dividend yield among industry peers is 2.2%. Reported Earnings • Nov 25
Third quarter 2023 earnings released: EPS: RM0.035 (vs RM0.054 in 3Q 2022) Third quarter 2023 results: EPS: RM0.035 (down from RM0.054 in 3Q 2022). Revenue: RM19.7m (down 94% from 3Q 2022). Net loss: RM875.0k (down 103% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: RM0.04 (vs RM0.038 in 2Q 2022) Second quarter 2023 results: EPS: RM0.04 (up from RM0.038 in 2Q 2022). Revenue: RM360.2m (up 22% from 2Q 2022). Net income: RM24.2m (up 5.1% from 2Q 2022). Profit margin: 6.7% (down from 7.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 24
First quarter 2023 earnings released: EPS: RM0.008 (vs RM0.01 loss in 1Q 2022) First quarter 2023 results: EPS: RM0.008 (up from RM0.01 loss in 1Q 2022). Revenue: RM243.3m (up 21% from 1Q 2022). Net income: RM4.65m (up RM10.8m from 1Q 2022). Profit margin: 1.9% (up from net loss in 1Q 2022). 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 32% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 24
Full year 2022 earnings released: EPS: RM0.095 (vs RM0.14 in FY 2021) Full year 2022 results: EPS: RM0.095 (down from RM0.14 in FY 2021). Revenue: RM1.05b (up 5.1% from FY 2021). Net income: RM57.3m (down 33% from FY 2021). Profit margin: 5.4% (down from 8.5% 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 95% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 23
Full year 2022 earnings released: EPS: RM0.095 (vs RM0.14 in FY 2021) Full year 2022 results: EPS: RM0.095 (down from RM0.14 in FY 2021). Revenue: RM1.12b (up 12% from FY 2021). Net income: RM57.4m (down 33% from FY 2021). Profit margin: 5.1% (down from 8.5% 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 95% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 24
Third quarter 2022 earnings released: EPS: RM0.054 (vs RM0.035 in 3Q 2021) Third quarter 2022 results: EPS: RM0.054 (up from RM0.035 in 3Q 2021). Revenue: RM326.4m (up 4.3% from 3Q 2021). Net income: RM32.5m (up 56% from 3Q 2021). Profit margin: 10.0% (up from 6.7% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 6% 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. 4 experienced directors. 1 highly experienced director. Independent Non Executive Director Wai Fong was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 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. 1 highly experienced director. Independent Non Executive Director Wai Fong was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 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. 4 experienced directors. 1 highly experienced director. Independent Non Executive Director Wai Fong was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 10
Pelikan International Corporation Berhad Announces the Resignation of Mr. Ngau Kah Wye as Non Independent and Non Executive Alternate Director Pelikan International Corporation Berhad announced the resignation of Mr. Ngau Kah Wye as Non Independent and Non Executive Alternate Director. Date of change is 09 Sep. 2022. Age is 34. Reported Earnings • Aug 25
Second quarter 2022 earnings released: EPS: RM0.038 (vs RM0.03 in 2Q 2021) Second quarter 2022 results: EPS: RM0.038 (up from RM0.03 in 2Q 2021). Revenue: RM302.7m (up 5.4% from 2Q 2021). Net income: RM23.0m (up 28% from 2Q 2021). Profit margin: 7.6% (up from 6.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Board Change • Jul 31
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. 1 highly experienced director. CEO, President & Director Hooi Loo is the most experienced director on the board, commencing their role in 2005. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: RM0.14 (vs RM0.018 in FY 2020) Full year 2021 results: EPS: RM0.14 (up from RM0.018 in FY 2020). Revenue: RM1.00b (up 2.7% from FY 2020). Net income: RM85.1m (up RM74.3m from FY 2020). Profit margin: 8.5% (up from 1.1% in FY 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. CEO, President & Director Hooi Loo is the most experienced director on the board, commencing their role in 2005. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 23
Pelikan International Corporation Berhad, Annual General Meeting, May 23, 2022 Pelikan International Corporation Berhad, Annual General Meeting, May 23, 2022, at 15:00 China 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 consider directorate reelections; to re-appoint Messrs. BDO PLT as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Board of Directors of the Company to determine their remuneration; and to consider other matters. Reported Earnings • Feb 27
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: RM0.14 (up from RM0.018 in FY 2020). Revenue: RM1.17b (up 20% from FY 2020). Net income: RM85.1m (up RM74.3m from FY 2020). Profit margin: 7.3% (up from 1.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.2%. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 21
Inaugural dividend of RM0.20 per share Eligible shareholders must have bought the stock before 28 December 2021. Payment date: 11 January 2022. The company is not currently making a profit and is not cash flow positive. The company last paid an ordinary dividend in April 2012. The average dividend yield among industry peers is 1.4%. Announcement • Dec 15
Pelikan International Corporation Berhad Announces Single-Tier Special Dividend for the Financial Year End 31 December 2021, Payable Date Is 11 January 2022 Pelikan International Corporation Berhad announced single-tier special dividend of 20 sen per ordinary share for the financial year End 31 December 2021. Ex-Date is 28 December 2021. Payment Date is 11 January 2022. Reported Earnings • Nov 26
Third quarter 2021 earnings: EPS in line with expectations, revenues disappoint Third quarter 2021 results: EPS: RM0.035 (up from RM0.025 in 3Q 2020). Revenue: RM318.5m (up 1.2% from 3Q 2020). Net income: RM20.8m (up 38% from 3Q 2020). Profit margin: 6.5% (up from 4.8% in 3Q 2020). Revenue missed analyst estimates by 2.2%. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 7% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS RM0.03 (vs RM0.033 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: RM293.5m (up 15% from 2Q 2020). Net income: RM17.9m (down 11% from 2Q 2020). Profit margin: 6.1% (down from 7.9% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Jul 15
Pelikan International Corporation Berhad Announces Special Dividend Pelikan International Corporation Berhad announced that the Board has decided to fix the special dividend at 20 sen per share. Reported Earnings • May 25
First quarter 2021 earnings released: RM0.021 loss per share (vs RM0.014 loss in 1Q 2020) The company reported a poor first quarter result with increased losses and weaker control over costs, although revenues were flat. First quarter 2021 results: Revenue: RM207.4m (flat on 1Q 2020). Net loss: RM12.7m (loss widened 53% from 1Q 2020). 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 22% per year, which means it has not declined as severely as earnings. Announcement • May 25
Pelikan International Corporation Berhad Reports Impairment for the Three Months Ended March 31, 2021 Pelikan International Corporation Berhad reported impairment for the three months ended March 31, 2021. The company reported impairment losses on receivables of MYR 99,000 compared to MYR 94,000 a year ago. Reported Earnings • Apr 26
Full year 2020 earnings released: EPS RM0.018 (vs RM0.013 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: RM974.4m (down 8.1% from FY 2019). Net income: RM10.8m (up 42% from FY 2019). Profit margin: 1.1% (up from 0.7% in FY 2019). The increase in margin was driven by lower expenses. 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 23% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 26
Full year 2020 earnings released: EPS RM0.018 (vs RM0.013 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: RM1.00b (down 5.7% from FY 2019). Net income: RM11.0m (up 44% from FY 2019). Profit margin: 1.1% (up from 0.7% in FY 2019). The increase in margin was driven by lower expenses. 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 26% per year, which means it has not declined as severely as earnings. Announcement • Feb 25
Pelikan International Corporation Berhad Announces Appointment of Mr. Ngau Kah Wye as Non Independent and Non Executive Director Pelikan International Corporation Berhad announced appointment of MR NGAU KAH WYE as Non Independent and Non Executive Director on February 24, 2021. Mr. Ngau Kah Wye is an Alternate Director to Mr. Kim Kenny. Prior to joining Ikhlas Capital Singapore Pte. Ltd., Mr. Ngau Kah Wye was the Head of Family Office Investments in the Wealth Management Department of an international accounting firm, specialising in Family Office Investments & Advisory. His prior experiences in CIMB Strategy & Investments includes portfolio monitoring, reporting and compliance in private equity, and various audit related experiences from Crowe Malaysia PLT such as external audit, financial due diligence, and initial public offering of companies in various industries across Asia Pacific. Is New 90 Day High Low • Feb 09
New 90-day high: RM0.34 The company is up 17% from its price of RM0.29 on 11 November 2020. The Malaysian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Commercial Services industry, which is up 51% over the same period. Reported Earnings • Nov 27
Third quarter 2020 earnings released: EPS RM0.025 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: RM316.0m (up 4.2% from 3Q 2019). Net income: RM15.1m (up 208% from 3Q 2019). Profit margin: 4.8% (up from 1.6% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 79% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.