New Risk • Jun 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM39.5m (US$9.66m) 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 Share price has been highly volatile over the past 3 months (14% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Cash payout ratio: 479% Earnings have declined by 7.3% per year over the past 5 years. Market cap is less than US$10m (RM39.5m market cap, or US$9.66m). Reported Earnings • May 28
First quarter 2026 earnings released: EPS: RM0 (vs RM0 in 1Q 2025) First quarter 2026 results: EPS: RM0 (in line with 1Q 2025). Revenue: RM9.99m (down 14% from 1Q 2025). Net income: RM38.0k (down 77% from 1Q 2025). Profit margin: 0.4% (down from 1.4% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 10% per year. Announcement • Apr 24
Spring Art Holdings Berhad, Annual General Meeting, May 26, 2026 Spring Art Holdings Berhad, Annual General Meeting, May 26, 2026, at 11:00 Singapore Standard Time. Location: bei boutique hotel, centro meeting hall, level 3, 8-3 jalan abdul rahman, 84000 muar johor, Malaysia Buy Or Sell Opportunity • Mar 10
Now 41% overvalued The stock has been flat over the last 90 days, currently trading at RM0.13. The fair value is estimated to be RM0.092, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. New Risk • Mar 09
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 2.6% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (RM41.6m market cap, or US$10.5m). Reported Earnings • Feb 27
Full year 2025 earnings released: RM0.002 loss per share (vs RM0.022 profit in FY 2024) Full year 2025 results: RM0.002 loss per share (down from RM0.022 profit in FY 2024). Revenue: RM46.3m (down 6.6% from FY 2024). Net loss: RM789.0k (down 109% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. New Risk • Feb 04
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 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.9% average weekly change). Profit margins are more than 30% lower than last year (8.0% net profit margin). Market cap is less than US$100m (RM47.8m market cap, or US$12.1m). Reported Earnings • Nov 29
Third quarter 2025 earnings released: RM0.004 loss per share (vs RM0.001 loss in 3Q 2024) Third quarter 2025 results: RM0.004 loss per share (further deteriorated from RM0.001 loss in 3Q 2024). Revenue: RM8.76m (down 18% from 3Q 2024). Net loss: RM1.79m (loss widened 433% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: RM0 (vs RM0.004 in 2Q 2024) Second quarter 2025 results: EPS: RM0 (down from RM0.004 in 2Q 2024). Revenue: RM11.8m (down 20% from 2Q 2024). Net income: RM46.0k (down 97% from 2Q 2024). Profit margin: 0.4% (down from 11% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • May 23
First quarter 2025 earnings released: EPS: RM0 (vs RM0.007 in 1Q 2024) First quarter 2025 results: EPS: RM0 (down from RM0.007 in 1Q 2024). Revenue: RM11.6m (down 21% from 1Q 2024). Net income: RM166.0k (down 95% from 1Q 2024). Profit margin: 1.4% (down from 20% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Apr 29
Spring Art Holdings Berhad, Annual General Meeting, Jun 12, 2025 Spring Art Holdings Berhad, Annual General Meeting, Jun 12, 2025, at 11:00 Singapore Standard Time. Location: bei boutique hotel, centro meeting hall, level 3, 8-3 jalan abdul rahman, 84000 muar johor, Malaysia Announcement • Mar 12
Spring Art Holdings Berhad Approves First Interim Single-Tier Dividend for the Financial Year Ending 31 December 2025, Payable on 5 June 2025 The Board of Directors of Spring Art Holdings Berhad announced that the Directors had on 12 March 2025 approved a first interim single-tier dividend of 0.7 sen per ordinary share ("Dividend") in respect of the financial year ending 31 December 2025 to the shareholders of the Company whose names appear in the Record of Depositories on 7 May 2025 and the Dividend so declared is payable on 5 June 2025. Reported Earnings • Feb 28
Full year 2024 earnings released: EPS: RM0.022 (vs RM0.013 in FY 2023) Full year 2024 results: EPS: RM0.022 (up from RM0.013 in FY 2023). Revenue: RM49.6m (down 12% from FY 2023). Net income: RM9.24m (up 68% from FY 2023). Profit margin: 19% (up from 9.8% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. New Risk • Dec 04
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 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.4% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (RM81.1m market cap, or US$18.2m). Reported Earnings • Nov 22
Third quarter 2024 earnings released: RM0.001 loss per share (vs RM0.005 profit in 3Q 2023) Third quarter 2024 results: RM0.001 loss per share (down from RM0.005 profit in 3Q 2023). Revenue: RM10.6m (down 27% from 3Q 2023). Net loss: RM336.0k (down 117% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Aug 23
Spring Art Holdings Berhad Announces Resignation of Teo Miow Loo as Chief Financial Officer Spring Art Holdings Berhad announced resignation of MISS TEO MIOW LOO as Chief Financial Officer to pursue her personal goals and interest. Date of change is August 22, 2024. Age is 43. Announcement • Jun 14
Spring Art Holdings Berhad Approves Final Single-Tier Dividend in Respect of the Financial Year Ended 31 December 2023 Spring Art Holdings Berhad approved final single-tier dividend of 0.5 sen per ordinary share in respect of the financial year ended 31 December 2023. New Risk • May 08
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (RM95.6m market cap, or US$20.1m). Announcement • Apr 30
Spring Art Holdings Berhad Proposes Final Single-Tier Dividend in Respect of the Financial Year Ended 31 December 2023, Payable on 20 June 2024 Spring Art Holdings Berhad proposed a final single-tier dividend of 0.5 sen per ordinary share in respect of the financial year ended 31 December 2023, will be paid on 20 June 2024 to depositors registered in the Record of Depositors of the Company at the close of business on 31 May 2024. New Risk • Apr 17
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 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (RM89.4m market cap, or US$18.6m). Announcement • Mar 28
Spring Art Holdings Berhad Proposes Final Single-Tier Dividend for the Financial Year Ended 31 December 2023 The Board of Directors of Spring Art Holdings Berhad announce that the Directors of Spring Art has on 27 March 2024 proposed a final single-tier dividend of 0.5 sen per ordinary share for the financial year ended 31 December 2023 ("Proposed Final Dividend"), subject to the approval of Spring Art’s shareholders at the forthcoming Annual General Meeting. The entitlement date and payment date in respect of the Proposed Final Dividend will be determined and announced by Spring Art in due course. Reported Earnings • Feb 24
Full year 2023 earnings released: EPS: RM0.013 (vs RM0.005 in FY 2022) Full year 2023 results: EPS: RM0.013 (up from RM0.005 in FY 2022). Revenue: RM56.2m (up 24% from FY 2022). Net income: RM5.49m (up 153% from FY 2022). Profit margin: 9.8% (up from 4.8% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% 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 • Dec 01
Third quarter 2023 earnings released: EPS: RM0.005 (vs RM0.001 in 3Q 2022) Third quarter 2023 results: EPS: RM0.005 (up from RM0.001 in 3Q 2022). Revenue: RM14.6m (up 50% from 3Q 2022). Net income: RM1.94m (up 380% from 3Q 2022). Profit margin: 13% (up from 4.2% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. New Risk • Oct 05
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 23% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (2.1% net profit margin). Market cap is less than US$100m (RM81.1m market cap, or US$17.1m). Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: RM0.001 (vs RM0.002 in 2Q 2022) Second quarter 2023 results: EPS: RM0.001 (down from RM0.002 in 2Q 2022). Revenue: RM11.3m (up 13% from 2Q 2022). Net income: RM330.0k (down 56% from 2Q 2022). Profit margin: 2.9% (down from 7.5% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • May 26
First quarter 2023 earnings released: EPS: RM0.001 (vs RM0.003 in 1Q 2022) First quarter 2023 results: EPS: RM0.001 (down from RM0.003 in 1Q 2022). Revenue: RM10.2m (down 26% from 1Q 2022). Net income: RM470.0k (down 64% from 1Q 2022). Profit margin: 4.6% (down from 9.5% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Feb 25
Full year 2022 earnings released: EPS: RM0.005 (vs RM0.014 in FY 2021) Full year 2022 results: EPS: RM0.005 (down from RM0.014 in FY 2021). Revenue: RM45.3m (down 17% from FY 2021). Net income: RM2.17m (down 62% from FY 2021). Profit margin: 4.8% (down from 11% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 45% 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. Board Change • Nov 16
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. 5 experienced directors. No highly experienced directors. MD & Director Jack Lim was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: RM0.002 (vs RM0.001 in 2Q 2021) Second quarter 2022 results: EPS: RM0.002 (up from RM0.001 in 2Q 2021). Revenue: RM10.1m (down 26% from 2Q 2021). Net income: RM753.0k (up 34% from 2Q 2021). Profit margin: 7.5% (up from 4.2% in 2Q 2021). The increase in margin was driven by lower expenses. Reported Earnings • May 26
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: RM0.003 (vs RM0.003 in 1Q 2021). Revenue: RM13.8m (down 12% from 1Q 2021). Net income: RM1.31m (up 3.8% from 1Q 2021). Profit margin: 9.5% (up from 8.1% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) also surpassed analyst estimates by 2.1%. Board Change • Apr 27
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. 5 experienced directors. No highly experienced directors. MD & Director Jack Lim was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 27
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: RM0.014 (down from RM0.016 in FY 2020). Revenue: RM53.9m (down 1.0% from FY 2020). Net income: RM5.77m (down 11% from FY 2020). Profit margin: 11% (down from 12% in FY 2020). Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) also surpassed analyst estimates by 2.1%. Board Change • Dec 02
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. 5 experienced directors. No highly experienced directors. MD & Director Jack Lim was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Dec 02
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. 5 experienced directors. No highly experienced directors. MD & Director Jack Lim was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Dec 01
Third quarter 2021 earnings: EPS and revenues exceed analyst expectations Third quarter 2021 results: RM0.002 loss per share (down from RM0.007 profit in 3Q 2020). Revenue: RM1.77m (down 90% from 3Q 2020). Net loss: RM1.02m (down 134% from profit in 3Q 2020). Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) missed analyst estimates. Earnings per share (EPS) missed analyst estimates. Reported Earnings • Oct 01
Second quarter 2021 earnings released: EPS RM0.001 (vs RM0.007 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RM13.6m (down 22% from 2Q 2020). Net income: RM564.0k (down 81% from 2Q 2020). Profit margin: 4.2% (down from 18% in 2Q 2020). The decrease in margin was driven by lower revenue. Reported Earnings • May 17
First quarter 2021 earnings released: EPS RM0.003 (vs RM0.005 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: RM15.7m (down 9.3% from 1Q 2020). Net income: RM1.26m (up 48% from 1Q 2020). Profit margin: 8.1% (up from 4.9% in 1Q 2020). The increase in margin was driven by lower expenses. Announcement • May 13
Spring Art Holdings Berhad Proposes Final Single Tier Tax-Exempt Dividend for the Financial Year Ended 31 December 2020 The Board of Directors of Spring Art Holdings Berhad proposed final single tier tax-exempt dividend of MYR 0.004 per ordinary share for the financial year ended 31 December 2020. The proposed final dividend is subject to
shareholders' approval in the forthcoming Annual General Meeting. Announcement • Mar 18
Spring Art Holdings Berhad Proposes Final Single-Tier Tax Exempt Dividend for the Financial Year Ended 31 December 2020 The Board of Directors of Spring Art Holdings Berhad announced that the Directors has on 17 March 2021 proposed a final single-tier tax exempt dividend of 0.4 sen per ordinary share for the financial year ended 31 December 2020 ("Proposed Final Dividend"), subject to the approval of Spring shareholders at the forthcoming Annual General Meeting. Reported Earnings • Mar 18
Full year 2020 earnings released: EPS RM0.016 (vs RM0.044 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: RM54.4m (down 11% from FY 2019). Net income: RM6.50m (down 19% from FY 2019). Profit margin: 12% (down from 13% in FY 2019). The decrease in margin was driven by lower revenue. Is New 90 Day High Low • Feb 08
New 90-day high: RM0.43 The company is up 43% from its price of RM0.30 on 10 November 2020. The Malaysian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 14% over the same period. Reported Earnings • Nov 25
Third quarter 2020 earnings released: EPS RM0.007 The company reported a solid third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2020 results: Revenue: RM17.3m (flat on 3Q 2019). Net income: RM3.04m (up 256% from 3Q 2019). Profit margin: 18% (up from 4.9% in 3Q 2019). The increase in margin was primarily driven by lower expenses. Is New 90 Day High Low • Nov 03
New 90-day high: RM0.28 The company is up 34% from its price of RM0.20 on 05 August 2020. The Malaysian market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 12% over the same period.