New Risk • May 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -RM1.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-RM1.2m free cash flow). Share price has been highly volatile over the past 3 months (31% average weekly change). Revenue is less than US$1m (RM3.9m revenue, or US$979k). Market cap is less than US$10m (RM11.8m market cap, or US$2.98m). Reported Earnings • May 31
Third quarter 2026 earnings released: RM0.001 loss per share (vs RM0.001 loss in 3Q 2025) Third quarter 2026 results: RM0.001 loss per share (in line with 3Q 2025). Revenue: RM731.0k (down 36% from 3Q 2025). Net loss: RM512.0k (loss widened 31% from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 26
Second quarter 2026 earnings released: EPS: RM0 (vs RM0 in 2Q 2025) Second quarter 2026 results: EPS: RM0 (in line with 2Q 2025). Revenue: RM789.0k (down 3.4% from 2Q 2025). Net loss: RM199.0k (loss widened 12% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 29
First quarter 2026 earnings released: RM0.001 loss per share (vs RM0 in 1Q 2025) First quarter 2026 results: RM0.001 loss per share (further deteriorated from RM0 in 1Q 2025). Revenue: RM896.0k (down 21% from 1Q 2025). Net loss: RM476.0k (loss widened 386% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Announcement • Oct 30
Rekatech Capital Berhad, Annual General Meeting, Dec 10, 2025 Rekatech Capital Berhad, Annual General Meeting, Dec 10, 2025, at 12:00 Singapore Standard Time. Location: perdana i & ii, level 03, cititel penang, 66, jalan penang, pulau pinang, 10000 georgetown Malaysia Reported Earnings • Aug 28
Full year 2025 earnings released: RM0.013 loss per share (vs RM0.003 loss in FY 2024) Full year 2025 results: RM0.013 loss per share (further deteriorated from RM0.003 loss in FY 2024). Revenue: RM4.57m (down 1.1% from FY 2024). Net loss: RM7.72m (loss widened 368% from FY 2024). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • May 30
Third quarter 2025 earnings released: RM0.001 loss per share (vs RM0 in 3Q 2024) Third quarter 2025 results: RM0.001 loss per share (further deteriorated from RM0 in 3Q 2024). Revenue: RM1.15m (up 40% from 3Q 2024). Net loss: RM392.0k (loss widened 114% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 28
Second quarter 2025 earnings released: EPS: RM0 (vs RM0 in 2Q 2024) Second quarter 2025 results: EPS: RM0 (in line with 2Q 2024). Revenue: RM817.0k (up 3.0% from 2Q 2024). Net loss: RM178.0k (loss narrowed 6.3% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 29
First quarter 2025 earnings released: EPS: RM0 (vs RM0 in 1Q 2024) First quarter 2025 results: EPS: RM0 (in line with 1Q 2024). Revenue: RM1.14m (up 46% from 1Q 2024). Net loss: RM98.0k (loss narrowed 23% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Nov 21
Now 29% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to RM0.035. The fair value is estimated to be RM0.049, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 47% over the last 3 years. Earnings per share has grown by 68%. Announcement • Oct 29
Rekatech Capital Berhad, Annual General Meeting, Dec 18, 2024 Rekatech Capital Berhad, Annual General Meeting, Dec 18, 2024, at 12:00 Singapore Standard Time. Location: perdana i & ii, level 03 cititel penang, 66, jalan penang, 10000 george town, pulau pinang, Malaysia Reported Earnings • Aug 30
Full year 2024 earnings released: RM0.003 loss per share (vs RM0.025 loss in FY 2023) Full year 2024 results: RM0.003 loss per share (improved from RM0.025 loss in FY 2023). Revenue: RM4.62m (up 2.4% from FY 2023). Net loss: RM1.65m (loss narrowed 89% from FY 2023). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Reported Earnings • May 29
Third quarter 2024 earnings released: EPS: RM0 (vs RM0.013 loss in 3Q 2023) Third quarter 2024 results: EPS: RM0 (improved from RM0.013 loss in 3Q 2023). Net loss: RM183.0k (loss narrowed 98% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 27
Second quarter 2024 earnings released: EPS: RM0 (vs RM0.001 loss in 2Q 2023) Second quarter 2024 results: EPS: RM0 (improved from RM0.001 loss in 2Q 2023). Net loss: RM190.0k (loss narrowed 36% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 01
First quarter 2024 earnings released: EPS: RM0 (vs RM0.001 loss in 1Q 2023) First quarter 2024 results: EPS: RM0 (improved from RM0.001 loss in 1Q 2023). Net loss: RM128.0k (loss narrowed 67% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Oct 31
Rekatech Capital Berhad, Annual General Meeting, Dec 13, 2023 Rekatech Capital Berhad, Annual General Meeting, Dec 13, 2023, at 12:00 Singapore Standard Time. Location: Perdana I & II, Level 03 Cititel Penang, 66 Jalan Penang, 10000 Goerge Town, Pulau Pinang Pulau Pinang Malaysia Agenda: To receive the Audited Financial Statements of the Company for the financial year ended 30 June 2023 together with the Reports of the Directors and Auditors thereon; to re-elect Ms Chew Yinn Miin retiring under the provision of Clause 76(3) of the Constitution of the Company, and who, being eligible, has offered herself for re-election; to re-elect Mr Chye Han Xian retiring under the provision of Clause 78 of the Constitution of the Company, and who, being eligible, has offered himself for re-election; to approve the payment of Directors' benefits in accordance with Section 230(1) of the Companies Act 2016 up to an amount of RM60,000 from 14 December 2023 until nexts Annual General Meeting of the Company; and to consider other matters. Reported Earnings • Aug 30
Full year 2023 earnings released: RM0.025 loss per share (vs RM0.006 loss in FY 2022) Full year 2023 results: RM0.025 loss per share (further deteriorated from RM0.006 loss in FY 2022). Revenue: RM4.36m (down 72% from FY 2022). Net loss: RM14.8m (loss widened 361% from FY 2022). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 01
Third quarter 2023 earnings released: RM0.013 loss per share (vs RM0 in 3Q 2022) Third quarter 2023 results: RM0.013 loss per share (further deteriorated from RM0 in 3Q 2022). Revenue: RM603.0k (down 85% from 3Q 2022). Net loss: RM7.68m (down RM7.93m from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Jun 01
Rekatech Capital Berhad Announces Resignation of Mr. Tan Wooi Chuon as Chairman of Audit Committee Rekatech Capital Berhad announced resignation of Mr. Tan Wooi Chuon as Chairman of Audit Committee, with effect from May 31, 2023. Age: 53. Gender: Male. Nationality: Malaysia. Directorate: Non Independent and Non Executive. Composition of Audit Committee (Name and Directorate of members after change): Mr. Chan Foo Weng (Independent Non-Executive Director); Ms Chew Yinn Miin (Independent Non-Executive Director) - Member. Reported Earnings • Mar 03
Second quarter 2023 earnings released: EPS: RM0 (vs RM0.001 in 2Q 2022) Second quarter 2023 results: EPS: RM0 (down from RM0.001 in 2Q 2022). Revenue: RM1.07m (down 71% from 2Q 2022). Net loss: RM298.0k (down 143% from profit in 2Q 2022). 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 2% per year. Board Change • Mar 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 Yinn Chew was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 04
First quarter 2023 earnings released: RM0.001 loss per share (vs RM0.001 profit in 1Q 2022) First quarter 2023 results: RM0.001 loss per share (down from RM0.001 profit in 1Q 2022). Revenue: RM2.01m (down 34% from 1Q 2022). Net loss: RM391.0k (down 217% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 03
Full year 2022 earnings released: RM0.006 loss per share (vs RM0.083 loss in FY 2021) Full year 2022 results: RM0.006 loss per share (improved from RM0.083 loss in FY 2021). Revenue: RM15.4m (up 26% from FY 2021). Net loss: RM3.21m (loss narrowed 89% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Announcement • Nov 01
Mega Sun City Holdings Berhad, Annual General Meeting, Dec 07, 2022 Mega Sun City Holdings Berhad, Annual General Meeting, Dec 07, 2022, at 12:00 Singapore Standard Time. Location: Perdana I & II, Level 03 Cititel Penang, 66, Jalan Penang, 10000 George Town Pulau Pinang Malaysia Agenda: To consider the Re-election of Mr Tan Wooi Chuon; to consider the Re-election of Dato' Sri Liang Chee Fong; to consider the Approval of Directors' fees; to consider the Re-appointment of Messrs UHY as Auditors and to authorise the Directors to fix their remuneration; and to discuss other matters. Reported Earnings • Aug 31
Full year 2022 earnings released: RM0.005 loss per share (vs RM0.083 loss in FY 2021) Full year 2022 results: RM0.005 loss per share (up from RM0.083 loss in FY 2021). Revenue: RM15.4m (up 26% from FY 2021). Net loss: RM3.21m (loss narrowed 89% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 02
Third quarter 2022 earnings released: EPS: RM0 (vs RM0.001 in 3Q 2021) Third quarter 2022 results: EPS: RM0 (down from RM0.001 in 3Q 2021). Revenue: RM4.03m (down 5.1% from 3Q 2021). Net income: RM253.0k (down 61% from 3Q 2021). Profit margin: 6.3% (down from 15% in 3Q 2021). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 04
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: RM0.001 (down from RM0.002 in 2Q 2021). Revenue: RM3.66m (up 8.4% from 2Q 2021). Net income: RM693.0k (up 28% from 2Q 2021). Profit margin: 19% (up from 16% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 30
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: RM0.001 (up from RM0.001 loss in 1Q 2021). Revenue: RM3.06m (up 133% from 1Q 2021). Net income: RM334.0k (up RM682.0k from 1Q 2021). Profit margin: 11% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 01
Full year 2021 earnings released: RM0.051 loss per share (vs RM0.03 loss in FY 2020) The company reported a decent full year result with improved revenues, although losses increased and control over costs was weaker. Full year 2021 results: Revenue: RM12.2m (up 222% from FY 2020). Net loss: RM27.7m (loss widened 280% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 30
Third quarter 2021 earnings released: EPS RM0.002 (vs RM0.006 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: RM4.25m (up 157% from 3Q 2020). Net income: RM652.0k (up RM2.09m from 3Q 2020). Profit margin: 15% (up from net loss in 3Q 2020). The move to profitability was 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 105 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 31
Second quarter 2021 earnings released: EPS RM0.002 (vs RM0.006 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RM3.37m (up 104% from 2Q 2020). Net income: RM543.0k (up RM1.99m from 2Q 2020). Profit margin: 16% (up from net loss in 2Q 2020). 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 120 percentage points per year, which is a significant difference in performance. 