Reported Earnings • May 30
Third quarter 2026 earnings released: EPS: RM0.015 (vs RM0.026 in 3Q 2025) Third quarter 2026 results: EPS: RM0.015 (down from RM0.026 in 3Q 2025). Revenue: RM78.1m (up 100% from 3Q 2025). Net income: RM5.81m (down 41% from 3Q 2025). Profit margin: 7.4% (down from 25% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • May 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (RM237.1m market cap, or US$60.4m). Announcement • Oct 21
TAFI Industries Berhad, Annual General Meeting, Nov 20, 2025 TAFI Industries Berhad, Annual General Meeting, Nov 20, 2025, at 10:30 Singapore Standard Time. Location: fox hotel glenmarie shah alam, fox ballroom, level 8 , pusat komersil vestland, no. 6 jalan juruanalisis u1/35, seksyen u1, 40150 shah alam, selangor darul ehsan, Malaysia Reported Earnings • Aug 31
Full year 2025 earnings released: EPS: RM0.043 (vs RM0.013 in FY 2024) Full year 2025 results: EPS: RM0.043 (up from RM0.013 in FY 2024). Revenue: RM149.6m (up 68% from FY 2024). Net income: RM16.2m (up 242% from FY 2024). Profit margin: 11% (up from 5.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. Independent Non Executive Director Chia Pang 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 • Feb 27
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% 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 (21% accrual ratio). Minor Risk Market cap is less than US$100m (RM206.8m market cap, or US$46.5m). Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: RM0.044 (vs RM0.002 in FY 2023) Full year 2024 results: EPS: RM0.044 (up from RM0.002 in FY 2023). Revenue: RM114.9m (up 67% from FY 2023). Net income: RM16.7m (up RM15.9m from FY 2023). Profit margin: 14% (up from 1.1% 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 7% per year whereas the company’s share price has fallen by 10% per year. Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: RM0.007 (vs RM0.001 in 3Q 2023) Third quarter 2024 results: EPS: RM0.007 (up from RM0.001 in 3Q 2023). Revenue: RM26.9m (up 83% from 3Q 2023). Net income: RM2.52m (up RM2.31m from 3Q 2023). Profit margin: 9.4% (up from 1.4% 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 6% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. New Risk • Nov 06
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 7.5% 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: Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (5.3% net profit margin). Market cap is less than US$100m (RM216.3m market cap, or US$49.1m). Reported Earnings • Aug 01
Second quarter 2024 earnings released: EPS: RM0.011 (vs RM0 in 2Q 2023) Second quarter 2024 results: EPS: RM0.011 (up from RM0 in 2Q 2023). Revenue: RM34.4m (up 92% from 2Q 2023). Net income: RM4.17m (up RM3.98m from 2Q 2023). Profit margin: 12% (up from 1.1% in 2Q 2023). 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 fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • May 29
First quarter 2024 earnings released: EPS: RM0 (vs RM0 in 1Q 2023) First quarter 2024 results: EPS: RM0 (in line with 1Q 2023). Revenue: RM14.6m (up 36% from 1Q 2023). Net income: RM142.0k (up 32% from 1Q 2023). Profit margin: 1.0% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Announcement • Apr 24
TAFI Industries Berhad, Annual General Meeting, May 23, 2024 TAFI Industries Berhad, Annual General Meeting, May 23, 2024, at 11:00 Singapore Standard Time. Agenda: To receive the Directors' Report, Audited Financial Statements and Auditors' Report for the financial year ended 31st December 2023; to approve the payment of Directors' fees and Directors' benefits for an amount not exceeding MYR 5.0 million for the period from this AGM till the date of the next AGM of the Company; to re-elect the Directors who retire in accordance with the Constitution of the Company; AND TO consider other matters. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: RM0.002 (vs RM0.027 in FY 2022) Full year 2023 results: EPS: RM0.002 (down from RM0.027 in FY 2022). Revenue: RM68.5m (down 5.9% from FY 2022). Net income: RM784.0k (down 92% from FY 2022). Profit margin: 1.1% (down from 14% in FY 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 23
Third quarter 2023 earnings released: EPS: RM0.001 (vs RM0.019 in 3Q 2022) Third quarter 2023 results: EPS: RM0.001 (down from RM0.019 in 3Q 2022). Revenue: RM14.7m (down 18% from 3Q 2022). Net income: RM211.0k (down 97% from 3Q 2022). Profit margin: 1.4% (down from 40% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. New Risk • Aug 25
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 40% 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 (40% accrual ratio). Minor Risk Market cap is less than US$100m (RM216.3m market cap, or US$46.6m). Reported Earnings • May 31
First quarter 2023 earnings released: EPS: RM0 (vs RM0 in 1Q 2022) First quarter 2023 results: EPS: RM0 (in line with 1Q 2022). Revenue: RM10.8m (down 11% from 1Q 2022). Net income: RM108.0k (down 41% from 1Q 2022). Profit margin: 1.0% (down from 1.5% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has increased by 116% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: RM0.027 (vs RM0.021 in FY 2021) Full year 2022 results: EPS: RM0.027 (up from RM0.021 in FY 2021). Revenue: RM72.8m (up 67% from FY 2021). Net income: RM10.0m (up 83% from FY 2021). Profit margin: 14% (up from 13% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has increased by 113% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 25
Full year 2022 earnings released: EPS: RM0.027 (vs RM0.015 in FY 2021) Full year 2022 results: EPS: RM0.027 (up from RM0.015 in FY 2021). Revenue: RM72.8m (up 67% from FY 2021). Net income: RM10.1m (up 83% from FY 2021). Profit margin: 14% (up from 13% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 71% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 17
Third quarter 2022 earnings released: EPS: RM0.019 (vs RM0.005 in 3Q 2021) Third quarter 2022 results: EPS: RM0.019 (up from RM0.005 in 3Q 2021). Revenue: RM17.9m (up 86% from 3Q 2021). Net income: RM7.24m (up 277% from 3Q 2021). Profit margin: 40% (up from 20% 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 71% per year but the company’s share price has increased by 86% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. Non-Independent Non-Executive Chairman Chee Ong is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 25
Second quarter 2022 earnings released: EPS: RM0.006 (vs RM0.003 loss in 2Q 2021) Second quarter 2022 results: EPS: RM0.006 (up from RM0.003 loss in 2Q 2021). Revenue: RM21.2m (up 260% from 2Q 2021). Net income: RM2.37m (up RM3.12m from 2Q 2021). Profit margin: 11% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 81% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 30
First quarter 2022 earnings released: EPS: RM0.001 (vs RM0.005 in 1Q 2021) First quarter 2022 results: EPS: RM0.001 (down from RM0.005 in 1Q 2021). Revenue: RM12.1m (up 29% from 1Q 2021). Net income: RM182.0k (down 83% from 1Q 2021). Profit margin: 1.5% (down from 11% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. Non-Independent Non-Executive Chairman Chee Ong is the most experienced director on the board, commencing their role in 2020. 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 19
TAFI Industries Berhad, Annual General Meeting, May 18, 2022 TAFI Industries Berhad, Annual General Meeting, May 18, 2022, at 11:00 Singapore Standard Time. Announcement • Mar 01
TAFI Industries Berhad Announces Demise of Ng Bee Lian, Company Secretary on February 28, 2022 TAFI Industries Berhad announced demise of Ng Bee Lian, company secretary on February 28, 2022. Reported Earnings • Feb 25
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: RM43.5m (up 48% from FY 2020). Net income: RM5.48m (up RM14.9m from FY 2020). Profit margin: 13% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 83% per year, which means it is well ahead of earnings. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS RM0.016 (vs RM0.026 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: RM9.64m (up 7.0% from 3Q 2020). Net income: RM1.92m (up RM3.94m from 3Q 2020). Profit margin: 20% (up from net loss in 3Q 2020). The move to profitability was primarily 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 increased by 127% per year, which means it is well ahead of earnings. Reported Earnings • Sep 23
Second quarter 2021 earnings released: RM0.009 loss per share (vs RM0.017 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: RM5.91m (up 8.3% from 2Q 2020). Net loss: RM744.0k (loss narrowed 43% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 82% per year, which means it is well ahead of earnings. Announcement • Jun 16
TAFI Industries Berhad has completed a Follow-on Equity Offering in the amount of MYR 26.955906 million. TAFI Industries Berhad has completed a Follow-on Equity Offering in the amount of MYR 26.955906 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 46,475,700
Price\Range: MYR 0.58
Transaction Features: Rights Offering Reported Earnings • May 30
First quarter 2021 earnings released: EPS RM0.014 (vs RM0.011 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: RM9.34m (up 54% from 1Q 2020). Net income: RM1.06m (up RM1.88m from 1Q 2020). Profit margin: 11% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 12
New 90-day high: RM0.68 The company is up 17% from its price of RM0.57 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 26
Full year 2020 earnings released: RM0.12 loss per share (vs RM0.049 loss in FY 2019) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: RM29.4m (up 8.1% from FY 2019). Net loss: RM9.52m (loss widened 150% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Jan 01
TAFI Industries Berhad announces appointment of Teh Soo Yee as Joint Secretary TAFI Industries Berhad announced the appointment of Teh Soo Yee as Joint Secretary, Date Of Change on 01 January 2021. Reported Earnings • Nov 25
Third quarter 2020 earnings released: RM0.026 loss per share The company reported a mediocre third quarter result with increased losses and weaker control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: RM9.01m (up 34% from 3Q 2019). Net loss: RM2.02m (loss widened 45% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Nov 24
TAFI Industries Berhad Announces Redesignation of Leong Boon Tik as Senior Independent Non-Executive Director The Board of Directors of TAFI Industries Berhad announced that the position of Mr. Leong Boon Tik be redesignated from Independent Non-Executive Director to Senior Independent Non-Executive Director of the Company on 23 November 2020. Is New 90 Day High Low • Nov 04
New 90-day high: RM0.66 The company is up 53% from its price of RM0.43 on 06 August 2020. The Malaysian market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 2.0% over the same period. Announcement • Oct 31
TAFI Industries Berhad Announces Appointment of Sri Ong Chee Kean as Non Independent and Non Executive Chairman and Member of Audit Committee, Remuneration Committee, Nomination Committee TAFI Industries Berhad announced appointment of Dato Sri Ong Chee kean as non independent and non executive chairman and member of audit committee, remuneration committee, nomination committee on October 30, 2020. Dato' Sri Ong Chee Kean is an advocate and solicitor of the High Court of Malaya and currently a partner in the legal firm of Messrs KH Ong & Ng which specializes in conveyancing laws. Announcement • Oct 16
Dato’ Sri Wong SZE Chien, Dato’ Sri Andrew Lim Eng Guan and Dato’ Sri Azlan Bin Azmi (offerors) completed the acquisition of an additional 0.004% stake in TAFI Industries Berhad (KLSE:TAFI) for MYR 0.002 million. Dato’ Sri Wong SZE Chien, Dato’ Sri Andrew Lim Eng Guan and Dato’ Sri Azlan Bin Azmi (offerors) made an offer to acquire remaining 48.99% stake in TAFI Industries Berhad (KLSE:TAFI) for MYR 19 million on September 3, 2020. Under the terms of the offer, the offerors will acquire 37.94 million shares at an offer price of MYR 0.5 per share. Upon completion, the offerors intend to continue the existing businesses of TAFI Industries and do not plan to dismiss or make redundant any of the existing employees. The offer is unconditional and not conditional upon any minimum level of acceptance. The offerors intend to maintain the listing status of TAFI Industries on the Main Market of Bursa Securities and do not intend to compulsorily acquire any remaining offer shares for which valid acceptances have not been received on or before the closing date. The non-interested Directors of TAFI Industries recommended the shareholders to accept the offer. BDO Capital Consultants Sdn. Bhd. stated that the offer is not fair but reasonable and recommended that holders to accept the offer. The first closing date of offer is October 15, 2020. Denis Lim and Pua Kin Joh of MERCURY SECURITIES SDN BHD acted as financial advisors for the offerors. Tricor Investor & Issuing House Services Sdn Bhd acted as registrar for TAFI Industries. BDO Capital Consultants Sdn Bhd has acted as fairness opinion provider and financial advisor to TAFI.
Dato’ Sri Wong SZE Chien, Dato’ Sri Andrew Lim Eng Guan and Dato’ Sri Azlan Bin Azmi (offerors) completed the acquisition of an additional 0.004% stake in TAFI Industries Berhad (KLSE:TAFI) for MYR 0.002 million on October 15, 2020. The offer closed on October 15, 2020 and the acceptances received was for 3000 shares. Post-closing of the offer, offerors held 39.52 million shares of TAFI Industries Berhad. Announcement • Oct 06
Dato’ Sri Wong SZE Chien, Dato’ Sri Andrew Lim Eng Guan and Dato’ Sri Azlan Bin Azmi made an offer to acquire remaining 48.99% stake in TAFI Industries Berhad (KLSE:TAFI) for MYR 19 million. Dato’ Sri Wong SZE Chien, Dato’ Sri Andrew Lim Eng Guan and Dato’ Sri Azlan Bin Azmi (offerors) made an offer to acquire remaining 48.99% stake in TAFI Industries Berhad (KLSE:TAFI) for MYR 19 million on September 3, 2020. Under the terms of the offer, the offerors will acquire 37.94 million shares at an offer price of MYR 0.5 per share. Upon completion, the offerors intend to continue the existing businesses of TAFI Industries and do not plan to dismiss or make redundant any of the existing employees. The offer is unconditional and not conditional upon any minimum level of acceptance. The offerors intend to maintain the listing status of TAFI Industries on the Main Market of Bursa Securities and do not intend to compulsorily acquire any remaining offer shares for which valid acceptances have not been received on or before the closing date. The non-interested Directors of TAFI Industries recommended the shareholders to accept the offer. BDO Capital Consultants Sdn. Bhd. stated that the offer is not fair but reasonable and recommended that holders to accept the offer. The first closing date of offer is October 15, 2020. Denis Lim and Pua Kin Joh of MERCURY SECURITIES SDN BHD acted as financial advisors for the offerors. Tricor Investor & Issuing House Services Sdn Bhd acted as registrar for TAFI Industries. BDO Capital Consultants Sdn Bhd has acted as fairness opinion provider and financial advisor to TAFI.