New Risk • Jun 11
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM40.3m (US$9.91m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 34% per year over the past 5 years. Market cap is less than US$10m (RM40.3m market cap, or US$9.91m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (8.4% average weekly change). New Risk • May 16
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 Earnings have declined by 34% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (RM46.1m market cap, or US$11.7m). New Risk • Apr 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 8.6% 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 34% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (RM54.7m market cap, or US$13.8m). New Risk • Apr 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM40.3m (US$10.00m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 34% per year over the past 5 years. Market cap is less than US$10m (RM40.3m market cap, or US$10.00m). Board Change • Feb 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. 3 highly experienced directors. Independent & Non-Executive Director Ee Beh was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 29
Full year 2025 earnings released: RM0.014 loss per share (vs RM0.014 loss in FY 2024) Full year 2025 results: RM0.014 loss per share (in line with FY 2024). Revenue: RM34.3m (up 13% from FY 2024). Net loss: RM7.46m (loss widened 2.2% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 8% per year. Announcement • Oct 27
Ni Hsin Group Berhad, Annual General Meeting, Nov 26, 2025 Ni Hsin Group Berhad, Annual General Meeting, Nov 26, 2025, at 09:30 Singapore Standard Time. Location: langkawi ballroom, bukit jalil golf & country resort, jalan 3/155b, bukit jalil, 57000 kuala lumpur, Malaysia New Risk • Jun 03
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: -RM8.9m 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 (-RM8.9m free cash flow). Earnings have declined by 23% per year over the past 5 years. Minor Risk Market cap is less than US$100m (RM52.4m market cap, or US$12.3m). New Risk • Mar 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Malaysian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 20% per year over the past 5 years. Minor Risk Market cap is less than US$100m (RM49.7m market cap, or US$11.2m). Reported Earnings • Mar 02
Full year 2024 earnings released: RM0.011 loss per share (vs RM0.014 loss in FY 2023) Full year 2024 results: RM0.011 loss per share (improved from RM0.014 loss in FY 2023). Revenue: RM34.9m (up 21% from FY 2023). Net loss: RM5.66m (loss narrowed 22% from FY 2023). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year. New Risk • Jan 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM44.5m (US$9.88m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 15% per year over the past 5 years. Market cap is less than US$10m (RM44.5m market cap, or US$9.88m). Reported Earnings • Nov 30
Third quarter 2024 earnings released: RM0.003 loss per share (vs RM0.005 loss in 3Q 2023) Third quarter 2024 results: RM0.003 loss per share (improved from RM0.005 loss in 3Q 2023). Revenue: RM7.95m (up 57% from 3Q 2023). Net loss: RM1.45m (loss narrowed 48% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Board Change • Nov 11
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non Executive Director Fook Tung was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Nov 08
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 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (RM55.0m market cap, or US$12.5m). Board Change • Jun 28
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non Executive Director Fook Tung was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 04
First quarter 2024 earnings released: RM0.003 loss per share (vs RM0.002 loss in 1Q 2023) First quarter 2024 results: RM0.003 loss per share (further deteriorated from RM0.002 loss in 1Q 2023). Revenue: RM7.05m (up 5.9% from 1Q 2023). Net loss: RM1.50m (loss widened 21% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Announcement • Apr 28
Ni Hsin Group Berhad, Annual General Meeting, Jun 26, 2024 Ni Hsin Group Berhad, Annual General Meeting, Jun 26, 2024, at 09:30 Singapore Standard Time. Location: Langkawi Room, Bukit Jalil Golf & Country Resort Jalan 3/155B, Bukit Jalil Kuala Lumpur Malaysia Agenda: To approve the Directors fees and benefits payable to the Directors of the Company and its subsidiaries up to an aggregate amount of RM350,000 only for the period from 27 June 2024 and up to date of the next Annual General Meeting of the Company, to be paid quarterly in arrears; To re-elect Encik Rizvi Bin Abdul Halim who is retiring pursuant to Clause 95 of the Constitution of the Company; to re-elect Mr Lai Kian Huat who is retiring pursuant to Clause 95 of the Constitution of the Company; and to consider other matters. Reported Earnings • Mar 02
Full year 2023 earnings released: RM0.014 loss per share (vs RM0.01 loss in FY 2022) Full year 2023 results: RM0.014 loss per share (further deteriorated from RM0.01 loss in FY 2022). Revenue: RM28.8m (down 17% from FY 2022). Net loss: RM7.34m (loss widened 47% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Reported Earnings • Dec 01
Third quarter 2023 earnings released: RM0.005 loss per share (vs RM0.003 loss in 3Q 2022) Third quarter 2023 results: RM0.005 loss per share (further deteriorated from RM0.003 loss in 3Q 2022). Revenue: RM5.08m (down 46% from 3Q 2022). Net loss: RM2.77m (loss widened 72% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Board Change • Oct 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Shamsuddin Bin Mohd Mahayidin was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 01
Second quarter 2023 earnings released: RM0.003 loss per share (vs RM0.002 loss in 2Q 2022) Second quarter 2023 results: RM0.003 loss per share (further deteriorated from RM0.002 loss in 2Q 2022). Revenue: RM8.15m (down 4.2% from 2Q 2022). Net loss: RM1.71m (loss widened 72% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. New Risk • Jul 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Malaysian stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 26% per year over the past 5 years. Minor Risk Market cap is less than US$100m (RM68.1m market cap, or US$15.0m). Reported Earnings • Jun 03
First quarter 2023 earnings released: RM0.002 loss per share (vs RM0 in 1Q 2022) First quarter 2023 results: RM0.002 loss per share (further deteriorated from RM0 in 1Q 2022). Revenue: RM6.66m (down 24% from 1Q 2022). Net loss: RM1.25m (down RM1.29m from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 7% per year. Reported Earnings • Mar 03
Full year 2022 earnings released: RM0.01 loss per share (vs RM0.015 loss in FY 2021) Full year 2022 results: RM0.01 loss per share (improved from RM0.015 loss in FY 2021). Revenue: RM34.7m (up 13% from FY 2021). Net loss: RM4.98m (loss narrowed 22% from FY 2021). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Feb 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non Executive Director Fook Tung was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 11
Ni Hsin Group Berhad Appoints Mr. Tung Fook Heng as Independent and Non Executive Independent Director Ni Hsin Group Berhad appointed MR TUNG FOOK HENG as Independent and Non Executive Independent Director Age; 65 . Gender: Male;: Nationality Malaysia. Date of change: 10 Jan 2023. Working experience and occupation: Organisation: SBY Group, Malaysia Position held: Director of Operations (Financial Consultancy/Services) Past Working Experience:- October 2019 - November 2021 Organisation: TAR Riverwalk, Malaysia Last position held: Director of Finance February 2019 - September 2019 Organisation: Honda Myanmar, Myanmar Last position held: Chief Financial Officer/Group Financial Controller August 2009 - January 2019 Organisation: PT Khaleda Agroprima Malindo, Indonesia Last position held: General Manager, Finance June 2001 - July 2009 Organisation: Lyman Agro, Indonesia Last position held: Group Financial Controller December 1995 - May 2001 Organisation: Universal Furniture, China Last position held: Financial Controller January 1995 - November 1995 Organisation: Bayview Beach Hotel, Malaysia Last position held: Financial Controller 1991-1994 Organisation: Ferringhi Beach Hotel, Malaysia Last position held: Finance Executive 1981-1990 Organisation: Hewlett Packard, Malaysia Last position held: Assistant Accountant. Reported Earnings • Dec 04
Third quarter 2022 earnings released: RM0.003 loss per share (vs RM0.004 loss in 3Q 2021) Third quarter 2022 results: RM0.003 loss per share. Revenue: RM9.35m (up 47% from 3Q 2021). Net loss: RM1.61m (loss widened 3.7% from 3Q 2021). Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Leong Ler was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 31
Second quarter 2022 earnings released: RM0.002 loss per share (vs RM0.002 loss in 2Q 2021) Second quarter 2022 results: RM0.002 loss per share (vs RM0.002 loss in 2Q 2021). Revenue: RM8.51m (up 8.5% from 2Q 2021). Net loss: RM998.0k (loss widened 18% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 28
Full year 2021 earnings released: RM0.015 loss per share (vs RM0.006 profit in FY 2020) Full year 2021 results: RM0.015 loss per share (down from RM0.006 profit in FY 2020). Revenue: RM30.6m (up 21% from FY 2020). Net loss: RM6.39m (down 433% from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Leong Ler was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 25
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: RM0.015 loss per share (down from RM0.006 profit in FY 2020). Revenue: RM30.6m (up 21% from FY 2020). Net loss: RM6.39m (down 433% from profit in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Board Change • Jan 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Leong Ler was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 24
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: RM0.004 loss per share (down from RM0.017 profit in 3Q 2020). Revenue: RM6.35m (down 19% from 3Q 2020). Net loss: RM1.55m (down 130% from profit in 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Board Change • Sep 14
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent & Non Executive Director Chermaine Poo was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 13
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent & Non Executive Director Chermaine Poo was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 26
Second quarter 2021 earnings released The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: RM7.0 (down 100% from 2Q 2020). Net loss: RM1.0 (down 100% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Aug 25
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent & Non Executive Director Chermaine Poo was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Executive Departure • Aug 24
Independent Non Executive Director Choon Tan has left the company On the 16th of August, Choon Tan's tenure as Independent Non Executive Director ended after 6.6 years in the role. We don't have any record of a personal shareholding under Choon's name. Choon is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 4.17 years. Reported Earnings • May 28
First quarter 2021 earnings released: RM0.002 loss per share (vs RM0.019 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: RM7.59m (up 37% from 1Q 2020). Net loss: RM762.0k (loss narrowed 87% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 29
Full year 2020 earnings released: EPS RM0.006 (vs RM0.019 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: RM25.3m (down 19% from FY 2019). Net income: RM1.92m (up RM8.08m from FY 2019). Profit margin: 7.6% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has fallen by 56% 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. Reported Earnings • Feb 28
Full year 2020 earnings released: EPS RM0.006 (vs RM0.019 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: RM25.3m (down 19% from FY 2019). Net income: RM1.92m (up RM8.08m from FY 2019). Profit margin: 7.6% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 30
New 90-day high: RM0.29 The company is up 45% from its price of RM0.20 on 01 October 2020. The Malaysian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 22% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: RM0.25 The company is up 16% from its price of RM0.21 on 08 September 2020. The Malaysian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 17% over the same period. Announcement • Dec 02
Ni Hsin Resources Berhad Announces Appointment of Lai Kian Huat as Executive Director Ni Hsin Resources Berhad announced the appointment of Mr. Lai Kian Huat as Executive Director. Date of change is December 1, 2020. Reported Earnings • Nov 19
Third quarter 2020 earnings released: EPS RM0.017 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: RM7.82m (up 19% from 3Q 2019). Net income: RM5.26m (up RM6.12m from 3Q 2019). Profit margin: 67% (up from net loss in 3Q 2019). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 77% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.