New Risk • May 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 11% 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 36% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (RM82.7m market cap, or US$21.0m). Reported Earnings • Mar 19
Second quarter 2026 earnings released: RM0.012 loss per share (vs RM0.013 profit in 2Q 2025) Second quarter 2026 results: RM0.012 loss per share (down from RM0.013 profit in 2Q 2025). Revenue: RM34.6m (down 25% from 2Q 2025). Net loss: RM3.23m (down 191% from profit in 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Reported Earnings • Dec 13
First quarter 2026 earnings released: EPS: RM0 (vs RM0.01 in 1Q 2025) First quarter 2026 results: EPS: RM0 (down from RM0.01 in 1Q 2025). Revenue: RM37.8m (down 22% from 1Q 2025). Net loss: RM87.0k (down 103% from profit in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance. Announcement • Nov 19
Jaycorp Berhad, Annual General Meeting, Dec 12, 2025 Jaycorp Berhad, Annual General Meeting, Dec 12, 2025, at 10:30 Singapore Standard Time. Location: meeting room 3, level 2, holiday inn melaka, jalan syed abdul aziz, 75000 melaka, Malaysia Board Change • Nov 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. 4 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Patricia Ubing 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. Reported Earnings • Oct 01
Full year 2025 earnings released: EPS: RM0.005 (vs RM0.053 in FY 2024) Full year 2025 results: EPS: RM0.005 (down from RM0.053 in FY 2024). Revenue: RM163.7m (down 16% from FY 2024). Net income: RM1.36m (down 90% from FY 2024). Profit margin: 0.8% (down from 7.3% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jul 08
Upcoming dividend of RM0.015 per share Eligible shareholders must have bought the stock before 15 July 2025. Payment date: 30 July 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.5%. Lower than top quartile of Malaysian dividend payers (5.6%). Higher than average of industry peers (4.5%). Announcement • Jun 19
Jaycorp Berhad Announces First Single Tier Interim Dividend for the Financial Year Ending 31 July 2025, Payable on 30 July 2025 Jaycorp Berhad announced First single tier interim dividend of 1.5 sen per ordinary share for the financial year ending 31 July 2025. The above Company's securities will be traded and quoted Ex - Dividend as from 15 July 2025. The last date of lodgment is 16 July 2025. Date Payable is 30 July 2025. Reported Earnings • Jun 18
Third quarter 2025 earnings released: RM0.008 loss per share (vs RM0.013 profit in 3Q 2024) Third quarter 2025 results: RM0.008 loss per share (down from RM0.013 profit in 3Q 2024). Revenue: RM36.8m (down 24% from 3Q 2024). Net loss: RM2.22m (down 164% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 32% 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. Reported Earnings • Mar 21
Second quarter 2025 earnings released: EPS: RM0.013 (vs RM0.02 in 2Q 2024) Second quarter 2025 results: EPS: RM0.013 (down from RM0.02 in 2Q 2024). Revenue: RM46.4m (down 20% from 2Q 2024). Net income: RM3.56m (down 33% from 2Q 2024). Profit margin: 7.7% (down from 9.1% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. New Risk • Jan 02
New major risk - Revenue and earnings growth Earnings have declined by 6.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.7% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (90% cash payout ratio). Market cap is less than US$100m (RM170.6m market cap, or US$38.1m). Announcement • Dec 12
Jaycorp Berhad Approves Final Single Tier Dividend for the Financial Year Ended 31 July 2024 Jaycorp Berhad announced that at its AGM held on December 12, 2024, the shareholders approved the payment of final single tier dividend of 2 sen per ordinary share for the financial year ended 31 July 2024. Upcoming Dividend • Dec 06
Upcoming dividend of RM0.02 per share Eligible shareholders must have bought the stock before 13 December 2024. Payment date: 30 December 2024. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 5.9%. Within top quartile of Malaysian dividend payers (5.0%). Higher than average of industry peers (4.4%). Reported Earnings • Nov 26
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: RM0.053 (down from RM0.074 in FY 2023). Revenue: RM194.4m (flat on FY 2023). Net income: RM14.1m (down 29% from FY 2023). Profit margin: 7.3% (down from 10% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Consumer Durables industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Nov 20
Jaycorp Berhad, Annual General Meeting, Dec 12, 2024 Jaycorp Berhad, Annual General Meeting, Dec 12, 2024, at 10:30 Singapore Standard Time. Location: meeting room 3, level 2, holiday inn melaka, jalan syed abdul aziz, 75000 melaka, Malaysia Declared Dividend • Oct 02
Final dividend of RM0.02 announced Shareholders will receive a dividend of RM0.02. Ex-date: 13th December 2024 Payment date: 30th December 2024 Dividend yield will be 5.8%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is not covered by earnings (107% earnings payout ratio) nor is it adequately covered by cash flows (91% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 19% to bring the payout ratio under control. EPS is expected to grow by 23% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Oct 01
Full year 2024 earnings released: EPS: RM0.054 (vs RM0.074 in FY 2023) Full year 2024 results: EPS: RM0.054 (down from RM0.074 in FY 2023). Revenue: RM194.4m (flat on FY 2023). Net income: RM14.6m (down 26% from FY 2023). Profit margin: 7.5% (down from 10% in FY 2023). Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Consumer Durables industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 13% 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. Reported Earnings • Jun 28
Third quarter 2024 earnings released: EPS: RM0.013 (vs RM0.021 in 3Q 2023) Third quarter 2024 results: EPS: RM0.013 (down from RM0.021 in 3Q 2023). Revenue: RM48.6m (down 9.1% from 3Q 2023). Net income: RM3.47m (down 37% from 3Q 2023). Profit margin: 7.1% (down from 10% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Durables industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 18% 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. Upcoming Dividend • Apr 08
Upcoming dividend of RM0.02 per share Eligible shareholders must have bought the stock before 15 April 2024. Payment date: 29 April 2024. Payout ratio is on the higher end at 94% but the company is not cash flow positive. Trailing yield: 7.8%. Within top quartile of Malaysian dividend payers (4.6%). Higher than average of industry peers (4.7%). Declared Dividend • Mar 23
First half dividend of RM0.02 announced Dividend of RM0.02 is the same as last year. Ex-date: 12th April 2024 Payment date: 29th April 2024 Dividend yield will be 7.9%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 7.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 22
Second quarter 2024 earnings released: EPS: RM0.02 (vs RM0.008 in 2Q 2023) Second quarter 2024 results: EPS: RM0.02 (up from RM0.008 in 2Q 2023). Revenue: RM57.9m (up 16% from 2Q 2023). Net income: RM5.28m (up 151% from 2Q 2023). Profit margin: 9.1% (up from 4.2% in 2Q 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Durables industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. New Risk • Dec 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 114% Cash payout ratio: 127% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.8% net profit margin). Market cap is less than US$100m (RM192.1m market cap, or US$41.1m). Announcement • Dec 14
Jaycorp Berhad Approves Final Single Tier Dividend for the Financial Year Ended 31 July 2023 Jaycorp Berhad at its Annual General Meeting held on December 14, 2023 approved the payment of final single tier dividend of 4 sen per ordinary share for the financial year ended 31 July 2023. Buying Opportunity • Dec 14
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be RM0.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Earnings per share has declined by 4.1%. For the next 3 years, revenue is forecast to grow by 1.6% per annum. Earnings is forecast to decline by 2.6% per annum over the same time period. Upcoming Dividend • Dec 07
Upcoming dividend of RM0.04 per share at 7.9% yield Eligible shareholders must have bought the stock before 14 December 2023. Payment date: 29 December 2023. Payout ratio is on the higher end at 81%, however this is supported by cash flows. Trailing yield: 7.9%. Within top quartile of Malaysian dividend payers (5.0%). Higher than average of industry peers (5.5%). Reported Earnings • Nov 24
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: RM0.074 (down from RM0.083 in FY 2022). Revenue: RM194.0m (down 21% from FY 2022). Net income: RM19.9m (down 11% from FY 2022). Profit margin: 10% (up from 9.1% in FY 2022). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Consumer Durables industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Oct 01
Full year 2023 earnings released: EPS: RM0.074 (vs RM0.083 in FY 2022) Full year 2023 results: EPS: RM0.074 (down from RM0.083 in FY 2022). Revenue: RM193.6m (down 22% from FY 2022). Net income: RM19.8m (down 12% from FY 2022). Profit margin: 10% (up from 9.1% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Consumer Durables industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Oct 01
Jaycorp Berhad Announces Final Single-Tier Dividend for the Financial Year Ended 31 July 2023, Payable on 29 December 2023 Jaycorp Berhad announced final single-tier dividend of 4 sen per ordinary share for the financial year ended 31 July 2023. The dividend is payable on 29 December 2023 with Ex-Date of 14 December 2023 and Entitlement date of 15 December 2023. Major Estimate Revision • Jun 30
Consensus revenue estimates decrease by 12%, EPS upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from RM241.5m to RM213.7m. EPS estimate increased from RM0.077 to RM0.089 per share. Net income forecast to shrink 15% next year vs 13% decline forecast for Consumer Durables industry in Malaysia. Consensus price target down from RM0.64 to RM0.56. Share price was steady at RM0.69 over the past week. Price Target Changed • Jun 26
Price target decreased by 15% to RM0.56 Down from RM0.66, the current price target is provided by 1 analyst. New target price is 19% below last closing price of RM0.69. The company is forecast to post earnings per share of RM0.089 for next year compared to RM0.083 last year. Reported Earnings • Jun 24
Third quarter 2023 earnings released: EPS: RM0.021 (vs RM0.034 in 3Q 2022) Third quarter 2023 results: EPS: RM0.021 (down from RM0.034 in 3Q 2022). Revenue: RM53.5m (down 41% from 3Q 2022). Net income: RM5.54m (down 40% from 3Q 2022). Profit margin: 10% (in line with 3Q 2022). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Consumer Durables industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 22
Jaycorp Berhad Announces Redesignation of Ivan Oh Boon Wee from Independent and Non Executive Member of Audit Committee to Independent and Non Executive Chairman of Audit Committee Jaycorp Berhad announced redesignation of Mr. Ivan Oh Boon Wee from Independent and Non Executive Member of Audit Committee to Independent and Non Executive Chairman of Audit Committee. Age is 58. Date of change is June 21, 2023. Composition of Audit Committee: Ivan Oh Boon Wee (Chairman, Independent Non-Executive Director), Bianca Daniella Lind (Member, Independent Non-Executive Director) and Patricia [email protected] Magdalene Edward (Member, Independent Non-Executive Director). Announcement • Jun 10
Jaycorp Berhad Appoints Cik Patricia Ubing @ Magdalene Edward as Independent and Non-Executive Director Jaycorp Berhad announced the appointment of Cik Patricia Ubing @ Magdalene Edward as Independent and Non-Executive Director, effective June 9, 2023. Age: 63. Gender: Female. Qualifications: Masters: Business Administration, Preston University, United States of America - Sponsored by Malayan Banking Berhad. Diploma - Marketing and Selling Bank Services, The International Management Centres Buckingham - Sponsored by Malayan Banking Berhad. Diploma - Accountancy, University Technology Mara. Working experience and occupation: Ms. Patricia has over 30 years of experience in the banking sector comprising areas of corporate and investment banking, consumer banking, and wealth management. Ms. Patricia has held senior management posts in Maybank and in major offshore banks in Singapore. Ms. Patricia has worked for Maybank Malaysia for past 21 years. She held the position of Head of Corporate and Commercial Business, Regional Manager for Sabah/FT Labuan, and also the Group Head of Private Banking. She had served BNP Paribas Wealth Management as Managing Director, Head of Malaysia and as Managing Director for Deutsche Bank Wealth Management, Singapore. During the period from 2009 to 2016, Ms. Patricia was the Managing Director of Tridium Consultant Pte Ltd. Upcoming Dividend • Mar 29
Upcoming dividend of RM0.02 per share at 8.5% yield Eligible shareholders must have bought the stock before 05 April 2023. Payment date: 20 April 2023. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 8.5%. Within top quartile of Malaysian dividend payers (5.4%). Higher than average of industry peers (4.8%). Reported Earnings • Mar 23
Second quarter 2023 earnings released: EPS: RM0.008 (vs RM0.02 in 2Q 2022) Second quarter 2023 results: EPS: RM0.008 (down from RM0.02 in 2Q 2022). Revenue: RM50.0m (down 45% from 2Q 2022). Net income: RM2.10m (down 62% from 2Q 2022). Profit margin: 4.2% (down from 6.0% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Consumer Durables industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Mar 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. 4 experienced directors. 4 highly experienced directors. Independent & Non Executive Director Ivan Oh was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Dec 08
Upcoming dividend of RM0.04 per share Eligible shareholders must have bought the stock before 15 December 2022. Payment date: 30 December 2022. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 8.0%. Within top quartile of Malaysian dividend payers (5.0%). Higher than average of industry peers (4.4%). Reported Earnings • Nov 23
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: RM0.083 (down from RM0.11 in FY 2021). Revenue: RM246.8m (down 11% from FY 2021). Net income: RM22.4m (down 24% from FY 2021). Profit margin: 9.1% (down from 11% in FY 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.2%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Consumer Durables industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year. Announcement • Nov 22
Jaycorp Berhad, Annual General Meeting, Dec 13, 2022 Jaycorp Berhad, Annual General Meeting, Dec 13, 2022, at 10:30 Singapore Standard Time. Location: Meeting Room 3, Level 2 Holiday Inn Melaka, Jalan Syed Abdul Aziz, 75000 Melaka Melaka Melaka Malaysia Agenda: To consider receive the Audited Financial Statements of the Company for the financial year ended 31 July 2022 together with the Director and Auditors' Reports thereon; to consider approve the payment of final single tier dividend of 4 sen per ordinary share for the financial year ended 31 July 2022; to consider approve the payment of Directors' Fees and Benefits payable to the Directors up to RM1,217,000 to the Directors from 1 August 2022 until the next AGM; to consider re-elect Lim Poh Teot who retires in accordance with Clause 125 of the Constitution of the Company and being eligible, has offered himself for re-election; to consider appoint Crowe Malaysia PLT as Auditors; and to consider other matters. Price Target Changed • Nov 16
Price target decreased to RM0.66 Down from RM0.71, the current price target is provided by 1 analyst. New target price is 9.0% below last closing price of RM0.72. Stock is down 15% over the past year. The company is forecast to post earnings per share of RM0.078 for next year compared to RM0.08 last year. Announcement • Oct 21
Jaycorp Berhad Appoints Ivan Oh Boon Wee as Independent and Non Executive Director Jaycorp Berhad appointed IVAN OH BOON WEE as Independent and Non Executive Director. Age is 57. Date of change is 20 October 2022. Working experience and occupation includesOctober 2020 - May 2022: Chief Financial Officer, Sapura Resource Berhad, June 2013 - December 2018: Business Controller, Appspace (Malaysia) Sdn. Bhd., December 2011 - November 2012: Vice President of Treasury, Asia Broadcast Satellite (HK) Ltd, January 2009 - November 2011: Chief Financial Officer, Ho Hup Construction Company Berhad, 2000 - 2008: Head Corporate Strategy, Time dotCom Berhad (2007-2008), Acting Chief Operating Officer, Payphone Operations, Time dotCom Berhad (2006-2007), Vice President Revenue Assurance, Time dotCom Berhad (2005-2006), Head of Finance, Fixed line Business, Time dotCom Berhad (2000-2004), 1999 - 2000: General Manager /Financial Controller, EnergyCorp SA, 1985 - 1999: Managing Consultant, Financial Advisory Services, PriceWaterhouseCoopers (1992-1999) Assistant Manager, Training, PriceWaterhouseCoopers (1991-1992) and Assistant Manager, Audit and Business Advisory, PriceWaterhouseCoopers (1985-1990). Reported Earnings • Sep 30
Full year 2022 earnings released: EPS: RM0.08 (vs RM0.11 in FY 2021) Full year 2022 results: EPS: RM0.08 (down from RM0.11 in FY 2021). Revenue: RM305.6m (down 13% from FY 2021). Net income: RM21.5m (down 28% from FY 2021). Profit margin: 7.0% (down from 8.4% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 2.5% p.a. on average during the next 2 years, while revenues in the Consumer Durables industry in Malaysia are expected to grow by 9.3%. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 07
Upcoming dividend of RM0.02 per share Eligible shareholders must have bought the stock before 14 July 2022. Payment date: 29 July 2022. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 5.7%. Within top quartile of Malaysian dividend payers (5.0%). Higher than average of industry peers (4.1%). Reported Earnings • Jun 17
Third quarter 2022 earnings released: EPS: RM0.034 (vs RM0.032 in 3Q 2021) Third quarter 2022 results: EPS: RM0.034 (up from RM0.032 in 3Q 2021). Revenue: RM91.3m (down 4.8% from 3Q 2021). Net income: RM9.23m (up 7.3% from 3Q 2021). Profit margin: 10% (up from 9.0% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 17
Jaycorp Berhad Announces First Single Tier Interim Dividend for the Financial Year Ending 31 July 2022, 29 July 2022 Jaycorp Berhad announced first single tier interim dividend of 2 sen per ordinary share for the financial year ending 31 July 2022. The dividend will paid on 29 July 2022 with entitlement date of 15 July 2022 and ex-Date is 14 July 2022. Buying Opportunity • Apr 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be RM0.90, 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 13%. Reported Earnings • Mar 28
Second quarter 2022 earnings released: EPS: RM0.02 (vs RM0.038 in 2Q 2021) Second quarter 2022 results: EPS: RM0.02 (down from RM0.038 in 2Q 2021). Revenue: RM91.1m (down 8.6% from 2Q 2021). Net income: RM5.46m (down 46% from 2Q 2021). Profit margin: 6.0% (down from 10% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 14% per year. Buying Opportunity • Mar 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.7%. The fair value is estimated to be RM0.88, 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 13% per annum over the last 3 years. Upcoming Dividend • Dec 07
Upcoming dividend of RM0.055 per share Eligible shareholders must have bought the stock before 14 December 2021. Payment date: 30 December 2021. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 6.3%. Within top quartile of Malaysian dividend payers (4.6%). Higher than average of industry peers (4.8%). Reported Earnings • Nov 19
Full year 2021 earnings released: EPS RM0.22 (vs RM0.13 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: RM353.0m (up 14% from FY 2020). Net income: RM29.7m (up 71% from FY 2020). Profit margin: 8.4% (up from 5.6% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 30
Full year 2021 earnings released: EPS RM0.21 (vs RM0.13 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: RM353.0m (up 14% from FY 2020). Net income: RM28.7m (up 65% from FY 2020). Profit margin: 8.1% (up from 5.6% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 30
Third quarter 2021 earnings released: EPS RM0.064 (vs RM0.014 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: RM95.9m (up 69% from 3Q 2020). Net income: RM8.60m (up 352% from 3Q 2020). Profit margin: 9.0% (up from 3.3% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 28% per year. Upcoming Dividend • Apr 07
Upcoming dividend of RM0.05 per share Eligible shareholders must have bought the stock before 14 April 2021. Payment date: 30 April 2021. Trailing yield: 6.3%. Within top quartile of Malaysian dividend payers (4.0%). Higher than average of industry peers (5.1%). Announcement • Mar 19
Jaycorp Berhad Announces First Single Tier Interim Dividend for the Financial Year Ending 31 July 2021, Payable on April 30, 2021 Jaycorp Berhad announced first single tier interim dividend of 5 sen per ordinary share for the financial year ending 31 July 2021. Ex-Date is April 14, 2021, Entitlement date is April 15, 2021. Share transfer book & register of members will be 15 Apr. 2021 to 15 Apr. 2021 closed from (both dates inclusive) for the purpose of determining the entitlement. Payment Date is April 30, 2021. Reported Earnings • Mar 19
Second quarter 2021 earnings released: EPS RM0.075 (vs RM0.04 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RM99.7m (up 12% from 2Q 2020). Net income: RM10.1m (up 88% from 2Q 2020). Profit margin: 10% (up from 6.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 16% per year.