Board Change • Jul 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. 6 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Abdul bin Abdullah was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • May 20
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risk Market cap is less than US$100m (RM299.1m market cap, or US$75.2m). Reported Earnings • May 20
First quarter 2026 earnings released: EPS: RM0.017 (vs RM0.016 in 1Q 2025) First quarter 2026 results: EPS: RM0.017 (up from RM0.016 in 1Q 2025). Revenue: RM22.2m (up 23% from 1Q 2025). Net income: RM6.50m (up 11% from 1Q 2025). Profit margin: 29% (down from 32% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 28% per year. Announcement • Apr 29
Ramssol Group Berhad, Annual General Meeting, Jun 05, 2026 Ramssol Group Berhad, Annual General Meeting, Jun 05, 2026, at 10:30 Singapore Standard Time. Location: ringgit room 3, level 2, the st. regis kuala lumpur, no. 6, jalan stesen sentral 2, kuala lumpur sentral, 50470 kuala lumpur w.p. kuala lumpur, Malaysia Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: RM0.052 (vs RM0.042 in FY 2024) Full year 2025 results: EPS: RM0.052 (up from RM0.042 in FY 2024). Revenue: RM77.6m (up 24% from FY 2024). Net income: RM19.3m (up 42% from FY 2024). Profit margin: 25% (up from 22% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 34% per year. Major Estimate Revision • Nov 04
Consensus EPS estimates fall by 14%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from RM100.5m to RM105.5m. EPS estimate fell from RM0.063 to RM0.054 per share. Net income forecast to grow 28% next year vs 17% growth forecast for Professional Services industry in Malaysia. Consensus price target of RM1.28 unchanged from last update. Share price fell 2.0% to RM0.96 over the past week. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: RM0.02 (vs RM0.014 in 3Q 2024) Third quarter 2025 results: EPS: RM0.02 (up from RM0.014 in 3Q 2024). Revenue: RM29.4m (up 51% from 3Q 2024). Net income: RM7.46m (up 71% from 3Q 2024). Profit margin: 25% (up from 22% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 05
Second quarter 2025 earnings released: EPS: RM0.016 (vs RM0.014 in 2Q 2024) Second quarter 2025 results: EPS: RM0.016 (up from RM0.014 in 2Q 2024). Revenue: RM24.9m (up 44% from 2Q 2024). Net income: RM5.72m (up 31% from 2Q 2024). Profit margin: 23% (down from 25% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 30% per year. Price Target Changed • Aug 04
Price target increased by 14% to RM1.24 Up from RM1.09, the current price target is an average from 2 analysts. New target price is 25% above last closing price of RM0.99. Stock is up 79% over the past year. The company is forecast to post earnings per share of RM0.06 for next year compared to RM0.042 last year. Reported Earnings • May 04
First quarter 2025 earnings released: EPS: RM0.016 (vs RM0.013 in 1Q 2024) First quarter 2025 results: EPS: RM0.016 (up from RM0.013 in 1Q 2024). Revenue: RM18.1m (up 26% from 1Q 2024). Net income: RM5.84m (up 40% from 1Q 2024). Profit margin: 32% (up from 29% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 23% per year. Announcement • Apr 29
Ramssol Group Berhad, Annual General Meeting, May 30, 2025 Ramssol Group Berhad, Annual General Meeting, May 30, 2025, at 10:00 Singapore Standard Time. Location: astor room, ground floor, the st. regis kuala lumpur, no. 6, jalan stesen sentral 2, kuala lumpur sentral, w.p. kuala lumpur, 50470 kuala lumpur Malaysia New Risk • Apr 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (RM298.2m market cap, or US$67.5m). Buy Or Sell Opportunity • Apr 08
Now 20% undervalued Over the last 90 days, the stock has risen 2.6% to RM0.78. The fair value is estimated to be RM0.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 9.7% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Reported Earnings • Mar 01
Full year 2024 earnings released: EPS: RM0.041 (vs RM0.024 in FY 2023) Full year 2024 results: EPS: RM0.041 (up from RM0.024 in FY 2023). Revenue: RM61.7m (up 103% from FY 2023). Net income: RM13.5m (up 116% from FY 2023). Profit margin: 22% (up from 21% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 12
Third quarter 2024 earnings released: EPS: RM0.014 (vs RM0.006 in 3Q 2023) Third quarter 2024 results: EPS: RM0.014 (up from RM0.006 in 3Q 2023). Revenue: RM19.5m (up 218% from 3Q 2023). Net income: RM4.36m (up 202% from 3Q 2023). Profit margin: 22% (down from 24% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Aug 29
Ramssol Group Berhad Announces Resignation of Chay Wai Yee as Chief Financial Officer Ramssol Group Berhad announced the resignation of Miss Chay Wai Yee as Chief Financial Officer. Age is 55. Date of change is September 30, 2024. Reason: To pursue other personal goals. New Risk • Aug 05
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 8.9% 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 (41% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Shareholders have been diluted in the past year (30% increase in shares outstanding). Market cap is less than US$100m (RM177.0m market cap, or US$40.0m). Reported Earnings • Jul 25
Second quarter 2024 earnings released: EPS: RM0.014 (vs RM0.009 in 2Q 2023) Second quarter 2024 results: EPS: RM0.014 (up from RM0.009 in 2Q 2023). Revenue: RM17.3m (up 71% from 2Q 2023). Net income: RM4.35m (up 97% from 2Q 2023). Profit margin: 25% (up from 22% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Professional Services industry in Asia. Major Estimate Revision • Jun 27
Consensus EPS estimates increase by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from RM54.3m to RM57.0m. EPS estimate increased from RM0.034 to RM0.04 per share. Net income forecast to grow 53% next year vs 17% growth forecast for Professional Services industry in Malaysia. Consensus price target up from RM0.50 to RM0.68. Share price rose 12% to RM0.63 over the past week. Price Target Changed • Jun 22
Price target increased by 7.1% to RM0.51 Up from RM0.48, the current price target is an average from 3 analysts. New target price is 11% below last closing price of RM0.57. Stock is up 72% over the past year. The company is forecast to post earnings per share of RM0.034 for next year compared to RM0.024 last year. Announcement • Apr 24
Ramssol Group Berhad, Annual General Meeting, May 23, 2024 Ramssol Group Berhad, Annual General Meeting, May 23, 2024, at 10:00 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 thereon; to re-elect the following Directors who retire by rotation in accordance with Regulation 76(3) of the Company's Constitution and who being eligible offer themselves for re-election; to re-elect Dato' Abdul Harith bin Abdullah who was appointed during the year and retires in accordance with Regulation 78 of the Company's Constitution and who being eligible offer himself for re-election;to re-appoint Messrs. TGS TW PLT as Auditors of the Company and to authorize the Directors to determine their remuneration; and to consider other matters. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: RM0.013 (vs RM0.009 in 1Q 2023) First quarter 2024 results: EPS: RM0.013 (up from RM0.009 in 1Q 2023). Revenue: RM14.4m (up 124% from 1Q 2023). Net income: RM4.17m (up 99% from 1Q 2023). Profit margin: 29% (down from 33% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Professional Services industry in Asia. Buy Or Sell Opportunity • Apr 22
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to RM0.46. The fair value is estimated to be RM0.36, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 35%. For the next 3 years, revenue is forecast to grow by 25% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. Announcement • Apr 12
Ramssol Group Berhad Announces Resignation of Miss Lee Miew Lan as Non Independent and Non Executive Director Ramssol Group Berhad announced that the resignation of Miss Lee Miew Lan as Non Independent and Non Executive Director. Her age is 49 years. Date of change is April 12, 2024. Reason for resignation is to pursue personal interests. Price Target Changed • Mar 21
Price target increased by 9.2% to RM0.48 Up from RM0.44, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of RM0.46. Stock is up 42% over the past year. The company is forecast to post earnings per share of RM0.03 for next year compared to RM0.025 last year. Buy Or Sell Opportunity • Mar 14
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to RM0.42. The fair value is estimated to be RM0.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 35%. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: RM0.025 (vs RM0.017 in FY 2022) Full year 2023 results: EPS: RM0.025 (up from RM0.017 in FY 2022). Revenue: RM30.6m (up 9.7% from FY 2022). Net income: RM6.56m (up 73% from FY 2022). Profit margin: 22% (up from 14% in FY 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Professional Services industry in Asia. Reported Earnings • Dec 01
Third quarter 2023 earnings released: EPS: RM0.006 (vs RM0.007 in 3Q 2022) Third quarter 2023 results: EPS: RM0.006. Revenue: RM6.12m (down 11% from 3Q 2022). Net income: RM1.44m (up 5.8% from 3Q 2022). Profit margin: 24% (up from 20% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Professional Services industry in Asia. Major Estimate Revision • Nov 09
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from RM38.6m to RM36.9m. EPS estimate also fell from RM0.031 per share to RM0.027 per share. Net income forecast to grow 38% next year vs 22% growth forecast for Professional Services industry in Malaysia. Consensus price target up from RM0.42 to RM0.44. Share price rose 4.8% to RM0.43 over the past week. Announcement • Sep 22
Ramssol Group Berhad announced that it expects to receive MYR 1.5 million in funding Ramssol Group Berhad announced that it has entered into a subscription agreement with Elmu Education Group Sdn. Bhd and Datin Noraini binti Aripin for the subscription of 16,000 new ordinary shares equivalent to 10% of the enlarged issued share capital of the company and 1,484,000 Redeemable convertible preference shares for the aggregate gross proceeds of RM 1,500,000 on September 20, 2023. Major Estimate Revision • Aug 23
Consensus EPS estimates increase by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from RM38.0m to RM38.6m. EPS estimate increased from RM0.026 to RM0.031 per share. Net income forecast to grow 36% next year vs 20% growth forecast for Professional Services industry in Malaysia. Consensus price target down from RM0.43 to RM0.42. Share price rose 26% to RM0.44 over the past week. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: RM0.009 (vs RM0.007 in 2Q 2022) Second quarter 2023 results: EPS: RM0.009 (up from RM0.007 in 2Q 2022). Revenue: RM10.1m (up 56% from 2Q 2022). Net income: RM2.21m (up 78% from 2Q 2022). Profit margin: 22% (up from 19% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Professional Services industry in Asia. Announcement • Jun 07
Ramssol Group Berhad Appoints Dato' Abdul Harith Bin Abdullah as Independent and Non Executive Chairman Ramssol Group Berhad announced appointment of Dato' Abdul Harith Bin Abdullah as Independent and Non Executive Chairman. Date of change is June 6, 2023. Age is 60. Qualifications: Master of Design (Vehicle Design) - Master Degree from Royal College of Art (RCA), London, United Kingdom. Diploma in Art and Design (Industrial Design) from University Technology Mara, Shah Alam, Selangor. Working experience and occupation: Dato' Abdul Harith possesses 33 years of experience in corporate world through his employment with DRB-Hicom Berhad (DRB) until his departure in October 2018. He has held various senior position and also as Board of Director and Chairman of various subsidiaries and joint venture companies within DRB namely in the Education, Property and Construction, Automotive, Defense and also Manufacturing sectors. Since his departures from DRB, he has ventured into own business and in February 2022, he was invited to become a partner and senior advisor to a property development company and currently responsible mainly on new businesses such as Concessions, Defense & Security, Outdoor Billboard Advertising and etc. Announcement • Jun 02
Ramssol Group Berhad Announces Retirement of Datuk Seri Cm Vignaesvaran A/L Jeyandran as Independent and Non Executive Chairman Ramssol Group Berhad announced retirement of Datuk Seri Cm Vignaesvaran A/L Jeyandran as Independent and Non Executive Chairman, Age: 50 and Gender: Male. Date of change 01 June 2023. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: RM0.009 (vs RM0.006 in 1Q 2022) First quarter 2023 results: EPS: RM0.009 (up from RM0.006 in 1Q 2022). Revenue: RM6.45m (down 23% from 1Q 2022). Net income: RM2.10m (up 102% from 1Q 2022). Profit margin: 33% (up from 12% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Professional Services industry in Asia. Major Estimate Revision • Mar 03
Consensus revenue estimates fall by 13% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from RM43.7m to RM38.0m. EPS estimate fell from RM0.036 to RM0.026 per share. Net income forecast to grow 50% next year vs 20% growth forecast for Professional Services industry in Malaysia. Consensus price target down from RM0.47 to RM0.43. Share price was steady at RM0.38 over the past week. Reported Earnings • Feb 25
Full year 2022 earnings released: EPS: RM0.019 (vs RM0.036 in FY 2021) Full year 2022 results: EPS: RM0.019 (down from RM0.036 in FY 2021). Revenue: RM27.8m (down 47% from FY 2021). Net income: RM4.19m (down 38% from FY 2021). Profit margin: 15% (up from 13% in FY 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Professional Services industry in Asia. Announcement • Feb 15
Ramssol Group Berhad (KLSE:RAMSSOL) entered in share purchase agreement to acquire 51% stake in INFINITE LOOP MEDIA SDN BHD from Mr. Neoh Tze Chien for RMB 0.4 million. Ramssol Group Berhad (KLSE:RAMSSOL) entered in share purchase agreement to acquire 51% stake in INFINITE LOOP MEDIA SDN BHD from Mr. Neoh Tze Chien for RMB 0.4 million on February 14, 2023. Major Estimate Revision • Dec 02
Consensus revenue estimates fall by 28% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from RM46.2m to RM33.4m. EPS estimate fell from RM0.03 to RM0.02 per share. Net income forecast to grow 160% next year vs 21% growth forecast for Professional Services industry in Malaysia. Consensus price target down from RM0.57 to RM0.47. Share price rose 6.7% to RM0.40 over the past week. Announcement • Nov 26
Ramssol Group Berhad Announces Redesignation of Ms. Lee Miew Lan from Chief Operating Officer to Non-Independent Non-Executive Director, Effective 30 November 2022 Ramssol Group Berhad announced that following the resignation of Ms. Lee Miew Lan, aged 47, as the Group Chief Operating Officer with effect from 30 November 2022, Ms. Lee Miew Lan will be re-designated as the Non-Independent Non-Executive Director of the Company with effect from 30 November 2022. Reported Earnings • Nov 26
Third quarter 2022 earnings released: EPS: RM0.007 (vs RM0.003 loss in 3Q 2021) Third quarter 2022 results: EPS: RM0.007 (up from RM0.003 loss in 3Q 2021). Revenue: RM6.90m (down 61% from 3Q 2021). Net income: RM1.36m (up RM2.11m from 3Q 2021). Profit margin: 20% (up from net loss in 3Q 2021). The move to profitability was driven by lower expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Professional Services industry in Asia. Price Target Changed • Nov 16
Price target decreased to RM0.57 Down from RM0.66, the current price target is an average from 2 analysts. New target price is 51% above last closing price of RM0.38. Stock is down 48% over the past year. The company is forecast to post earnings per share of RM0.033 for next year compared to RM0.036 last year. Reported Earnings • Aug 24
Second quarter 2022 earnings released Second quarter 2022 results: EPS: RM0.007. Net income: RM1.24m (up RM1.24m from 2Q 2021). Reported Earnings • Jun 02
First quarter 2022 earnings released First quarter 2022 results: EPS: RM0.006. Revenue: RM8.38m (flat on 1Q 2021). Net income: RM1.04m (up RM1.04m from 1Q 2021). Profit margin: 12% (up from null in 1Q 2021). Announcement • May 02
Ramssol Group Berhad, Annual General Meeting, Jun 09, 2022 Ramssol Group Berhad, Annual General Meeting, Jun 09, 2022, at 14:00 China Standard Time. Agenda: To consider directorate reelections; to approve the payment of Directors' Fees; to re-appoint Messrs. Crowe Malaysia PLT as Auditors of the Company; to consider Authority to Issue Shares; and to consider other matters. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: RM0.031 (down from RM0.34 in FY 2020). Revenue: RM52.5m (up 107% from FY 2020). Net income: RM6.84m (down 9.2% from FY 2020). Profit margin: 13% (down from 30% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Announcement • Jul 15
Ramssol Group Bhd has completed an IPO in the amount of MYR 35.1288 million. Ramssol Group Bhd has completed an IPO in the amount of MYR 35.1288 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 78,064,000
Price\Range: MYR 0.45
Discount Per Security: MYR 0.01125
Transaction Features: Reserved Share Offering