New Risk • Jun 11
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 9.0% 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 Less than 1 year of cash runway based on free cash flow trend (-RM9.1m free cash flow). Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (RM119.7m market cap, or US$29.4m). Reported Earnings • May 05
Full year 2026 earnings released: RM0.004 loss per share (vs RM0.018 loss in FY 2025) Full year 2026 results: RM0.004 loss per share (improved from RM0.018 loss in FY 2025). Revenue: RM50.7m (up 22% from FY 2025). Net loss: RM4.95m (loss narrowed 78% from FY 2025). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 46% per year, which means it is well ahead of earnings. Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: RM0 (vs RM0.001 loss in 3Q 2025) Third quarter 2026 results: EPS: RM0 (improved from RM0.001 loss in 3Q 2025). Revenue: RM13.6m (down 6.9% from 3Q 2025). Net income: RM70.0k (up RM943.0k from 3Q 2025). Profit margin: 0.5% (up from net loss in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. New Risk • Jan 27
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 Less than 1 year of cash runway based on free cash flow trend (-RM26m free cash flow). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (RM177.4m market cap, or US$44.9m). New Risk • Nov 02
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: -RM26m 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 Risk Less than 1 year of cash runway based on free cash flow trend (-RM26m free cash flow). Minor Risk Market cap is less than US$100m (RM184.3m market cap, or US$44.0m). Reported Earnings • Nov 02
Second quarter 2026 earnings released Second quarter 2026 results: Revenue: RM12.7m (down 2.2% from 2Q 2025). Net loss: RM235.0k (loss narrowed 97% from 2Q 2025). 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 31% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jul 25
First quarter 2026 earnings released First quarter 2026 results: Revenue: RM10.3m (up 250% from 1Q 2025). Net loss: RM511.0k (loss narrowed 80% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Announcement • Jul 23
Eduspec Holdings Berhad has completed a Follow-on Equity Offering in the amount of MYR 22.78225 million. Eduspec Holdings Berhad has completed a Follow-on Equity Offering in the amount of MYR 22.78225 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 74,902,600
Price\Range: MYR 0.1001
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 105,000,000
Price\Range: MYR 0.0961
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 45,000,000
Price\Range: MYR 0.0932
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: MYR 0.1
Transaction Features: Subsequent Direct Listing Announcement • Jun 27
Tan Suong Chai and Ong Yin Wei, the director of Get Success Sdn Bhd entered into a Share Purchase Agreement to acquire 20% stake in Get Success Sdn Bhd from Eduspec Holdings Berhad (KLSE:EDUSPEC) for MYR 1.4 million. Tan Suong Chai and Ong Yin Wei, the director of Get Success Sdn Bhd entered into a Share Purchase Agreement to acquire 20% stake in Get Success Sdn Bhd from Eduspec Holdings Berhad (KLSE:EDUSPEC) for MYR 1.4 million on June 26, 2025. As part of the acquisition, Tan Suong Chai and Ong Yin Wei will each acquire 1,000 shares which is equivalent to 10% stake in Get Success Sdn Bhd. The proceeds from the transaction will be utilized as working capital within 3 months from the date of completion of the Proposed Disposal. On completion, Eduspec Holdings Berhad will no longer hold any stake in Get Success Sdn Bhd. The transaction is not subject to the approval of the shareholders of Eduspec Holdings Berhad or any governmental authorities. The Board of Directors, after having considered all aspects, is of the opinion that the Proposed Disposal is in the best interest of the EHB Group. The transaction is expected to close by third quarter of year 2025. Announcement • Jun 26
Eduspec Holdings Berhad, Annual General Meeting, Aug 29, 2025 Eduspec Holdings Berhad, Annual General Meeting, Aug 29, 2025, at 11:00 Singapore Standard Time. Location: greens iii sports wing, jalan kelab tropicana, tropicana golf & country resort, 47410 petaling jaya, selangor, Malaysia Reported Earnings • Apr 29
Full year 2025 earnings released: RM0.021 loss per share (vs RM0.01 loss in FY 2024) Full year 2025 results: RM0.021 loss per share (further deteriorated from RM0.01 loss in FY 2024). Revenue: RM42.2m (up 91% from FY 2024). Net loss: RM32.8m (loss widened 226% from FY 2024). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 24
Third quarter 2025 earnings released: RM0.001 loss per share (vs RM0.001 loss in 3Q 2024) Third quarter 2025 results: RM0.001 loss per share (in line with 3Q 2024). Revenue: RM14.6m (up 311% from 3Q 2024). Net loss: RM873.0k (loss narrowed 40% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Announcement • Jan 15
Eduspec Holdings Berhad Appoints Ng Siew Hui as Independent and Non Executive Chairman of Remuneration Committee Eduspec Holdings Berhad announced appointment of Miss Ng Siew Hui as Independent and Non Executive Chairman of Remuneration Committee. Date of change is 15 January 2025. Age is 42. Composition of Remuneration Committee(Name and Directorate of members after change): Composition of Remuneration Committee after change: 1. Ms Ng Siew Hui - Chairman (Independent Non-Executive Director). 2. Dato' Sri Dr Yaw Chan Choy - Member (Independent Non-Executive Director). 3. Mr. Loo Jieh Sheng - Member (Independent Non-Executive Director). Reported Earnings • Oct 26
Second quarter 2025 earnings released: RM0.006 loss per share (vs RM0 in 2Q 2024) Second quarter 2025 results: RM0.006 loss per share (further deteriorated from RM0 in 2Q 2024). Revenue: RM13.0m (up 272% from 2Q 2024). Net loss: RM8.53m (down RM8.85m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 28
Full year 2024 earnings released: RM0.01 loss per share (vs RM0.005 loss in FY 2023) Full year 2024 results: RM0.01 loss per share (further deteriorated from RM0.005 loss in FY 2023). Revenue: RM22.1m (up 147% from FY 2023). Net loss: RM10.1m (loss widened RM9.27m from FY 2023). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Jun 22
Eduspec Holdings Berhad, Annual General Meeting, Aug 15, 2024 Eduspec Holdings Berhad, Annual General Meeting, Aug 15, 2024, at 11:00 Singapore Standard Time. Location: manuka 2 & 3, unit 29-01, level 29, tower a, vertical business suite, avenue 3, bangsar south, 8 jalan kerinchi, 59200 kuala lumpur Malaysia Announcement • Jun 08
Eduspec Holdings Berhad Announces Redesignation of Dato' Kang Pang Kiang from Executive Deputy Chairman to Executive Chairman Eduspec Holdings Berhad announced redesignation of Dato' Kang Pang Kiang from Executive Deputy Chairman to Executive Chairman. Age is 52. Date of change is 6 June, 2024. Announcement • Jun 01
Eduspec Holdings Berhad Announces Resignation of Mohd. Ariff Bin Araff as Non Independent and Non Executive Chairman Eduspec Holdings Berhad announced the resignation of Dato' Dr Mohd. Ariff Bin Araff, Age 79, as Non Independent and Non Executive Chairman. Date of change is 31 May 2024. Reason is Retirement. Reported Earnings • Apr 23
Full year 2024 earnings released: RM0.01 loss per share (vs RM0.005 loss in FY 2023) Full year 2024 results: RM0.01 loss per share (further deteriorated from RM0.005 loss in FY 2023). Revenue: RM22.2m (up 148% from FY 2023). Net loss: RM10.1m (loss widened RM9.34m from FY 2023). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Announcement • Jan 31
Eduspec Holdings Berhad announced a financing transaction Eduspec Holdings Berhad announced a private placement of up to 152,314,000 new ordinary shares to independent third party investors on January 30, 2024. Reported Earnings • Jan 31
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: RM3.55m (up 56% from 3Q 2023). Net loss: RM1.45m (down 139% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Announcement • Dec 13
Eduspec Holdings Berhad Provides Update Material Litigation Between Hercules Funds SPC and Centillion Robotics Limited, Eduspec Holdings Berhad and Lim Een Hong Eduspec Holdings Berhad (EHB) announced that reference is made to the announcement dated 19 May 2023, the reply to query dated 23 May 2023, the amended announcement dated 23 May 2023 and the announcements dated 30 May 2023, 18 July 2023 and 5 December 2023 respectively. The Board of Directors of EHB wishes to announce that the Court: (a) has dismissed Striking Out Application as the Judge finds that this is not a plain and obvious case to strike out the Plaintiff's claim; and (b) has allowed Security for Costs Application and ordered a sum of MYR 80,000.00 to be paid as security for costs. Accordingly, this matter is now fixed for case management on 13 December 2023 before the learned Senior Assistant Regisrar for case management directions to be given. CENTILLION ROBOTICS LIMITED, EDUSPEC HOLDINGS BERHAD AND LIM EEN HONG (COLLECTIVELY "DEFENDANTS"). Reported Earnings • Nov 01
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: RM3.51m (up 42% from 2Q 2023). Net income: RM321.0k (down 82% from 2Q 2023). Profit margin: 9.2% (down from 71% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 131% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 06
Full year 2023 earnings released: RM0.005 loss per share (vs RM0.10 loss in FY 2022) Full year 2023 results: RM0.005 loss per share (improved from RM0.10 loss in FY 2022). Revenue: RM8.94m (up 2.2% from FY 2022). Net loss: RM786.8k (loss narrowed 94% from FY 2022). Announcement • Jun 29
Eduspec Holdings Berhad, Annual General Meeting, Aug 16, 2023 Eduspec Holdings Berhad, Annual General Meeting, Aug 16, 2023, at 11:00 Singapore Standard Time. Agenda: To receive the Audited Financial Statements for the financial year ended 28 February 2023 together with the Directors' Report and Auditors' Report thereon; to approve the payment of Directors' fees to be paid to Non-Executive Directors from 17 August 2023 until the conclusion of the next Annual General Meeting; to re-elect Dato' Dr. Mohd Ariff Bin Araff who retires by rotation pursuant to Clause 97 of the Company's Constitution and being eligible, offers himself for re-election; to re-appoint Messrs UHY as Auditors of the Company for the ensuing year and to authorise the Directors to fix their remuneration; and to consider other matters. Board Change • Jun 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CEO & Executive Director Stanley Gan 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 • May 31
Eduspec Holdings Berhad Announces Appointment of Seow Swee Eng as Independent and Non Executive Director Eduspec Holdings Berhad announced appointment of MISS SEOW SWEE ENG as Independent and Non Executive Director. Date of change is May 29, 2023. Age is 66. Qualifications includes Bachelor of Economics (Major in Business Administration) from University of Malaya. Working experience and occupation: Ms Seow Swee Eng has 40 years of experience in all areas of banking, both retail and wholesale banking. She was with AmBank Berhad from 1980 to 2020 and she retired from AmBank Group as Senior Vice President. She started her banking career as Graduate Trainee/Officer in Arab-Malaysian Finance Berhad, initially in areas of Management Reporting and Business Development. The principal focus of her experience was on end-to-end management of corporate loan, credit recovery, process re-engineering, digitization and risk management. She managed a staff force of more than 100, operating nationwide. She was involved in rehabilitation/restructuring of debts specifically for major clients, both listed and private companies. She also served as the official representative of the bank in a public listed company and attended all their board meetings. She was key witness representing the bank in major litigation matters. Her role in senior management has given her a well-balanced perspective of overall business operations and administration. Reported Earnings • Apr 19
Full year 2023 earnings released: EPS: RM0 (vs RM0.10 loss in FY 2022) Full year 2023 results: EPS: RM0 (improved from RM0.10 loss in FY 2022). Revenue: RM9.16m (up 4.7% from FY 2022). Net loss: RM787.0k (loss narrowed 94% from FY 2022). Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. Announcement • Feb 15
Eduspec Holdings Berhad has completed a Follow-on Equity Offering. Eduspec Holdings Berhad has completed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 996,522,210
Security Features: Attached Warrants
Transaction Features: Rights Offering Reported Earnings • Jan 18
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: RM2.28m (down 16% from 3Q 2022). Net income: RM3.70m (up RM6.28m from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Announcement • Dec 14
Integrated Fyntech Sdn Bhd completed the acquisition of Eduspec HK Limited Cloud, Direct Sdn Bhd and Eduspec Pte Ltd from Eduspec Holdings Berhad (KLSE:EDUSPEC). Integrated Fyntech Sdn Bhd entered into an agreement to acquire Eduspec HK Limited Cloud, Direct Sdn Bhd and Eduspec Pte Ltd from Eduspec Holdings Berhad (KLSE:EDUSPEC) for MYR 0.5 million on November 29, 2022. The consideration for the purchase of the Sale Shares shall be the sum of MYR 0.5 million. The proceeds derived from the Proposed Disposal will be utilised as working capital within 3 months from the date of completion of the Proposed Disposal. The Proposed Disposal is not subject to the approval of the shareholders of the Company or any governmental authorities. Barring unforeseen circumstances, the Board of Directors of EHB expects the Proposed Disposal to be completed by December 31, 2022.
Integrated Fyntech Sdn Bhd completed the acquisition of Eduspec HK Limited Cloud, Direct Sdn Bhd and Eduspec Pte Ltd from Eduspec Holdings Berhad (KLSE:EDUSPEC) on December 13, 2022. Announcement • Dec 06
Eduspec Holdings Berhad Appoints Sri Dr Yaw Chan Choy as an Independent Director Eduspec Holdings Berhad announced the appointment of DATO' SRI DR YAW CHAN CHOY as Independent Director, Age 53, Date of change 05 December 2022, Directorate Independent and Non Executive, Dato Sri Dr Yaw Chan Choy (Dato Sri Yaw) is the Founder and Executive Chairman of Eakon Group of Companies. Dato Sri Yaw started his career in Mechanical, Electrical, Plumbing (MEP) and Air Conditioning, Mechanical Ventilation & Refrigeration (ACMV-R) and has more than 30 years of experience in the said industry. In the recent decade, Dato Sri Yaw has formed a professional team to expand his business into Property Management & Development and does run a Vocational Skill Academy Training Center in Malaysia to create more profession skills personnel for the industry. Dato Sri Yaw partnered with ADL Solar to build the renewable energy (Solar Energy) to provide electricity to Malaysia region and currently expanded to ASEAN region. Due to his expertise in refrigeration system, Dato Sri Yaw also venture into frozen durian fruit and export them to various country. Dato Sri Yaw is involved in both local and international industry activities. Dato Sri Yaw was an Advisor of ASEAN-Australia Development Cooperation Program in year 2006 and is currently a Committee Member of the Construction Industry Development Board (CIDB) and Advisor for MARA, Institute Latihan Perindustrian (ILP) and Kolej Komuniti. Dato Sri Yaw is also the Founder & President of Asean Air Conditioning Refrigerator Association (Asean-ACRA), Vice President of SME Association of Malaysia, Vice President of Fushan-Malaysia Chamber of Commerce. Doctorate Doctor of Philosophy in Entrepreneurship Golden State University Degree Bachelor of Mechanical Engineering Berkeley International University. Reported Earnings • Oct 27
Second quarter 2023 earnings released: EPS: RM0.001 (vs RM0.001 loss in 2Q 2022) Second quarter 2023 results: EPS: RM0.001 (up from RM0.001 loss in 2Q 2022). Revenue: RM2.47m (up 6.8% from 2Q 2022). Net income: RM1.76m (up RM4.93m from 2Q 2022). Profit margin: 71% (up from net loss in 2Q 2022). The move to profitability was primarily driven by lower expenses. Announcement • Sep 08
An unknown buyer acquired 65% of 5T3M Sdn. Bhd from Eduspec Holdings Berhad (KLSE:EDUSPEC) for MYR 1 million. An unknown buyer acquired 65% of 5T3M Sdn. Bhd from Eduspec Holdings Berhad (KLSE:EDUSPEC) for MYR 1 million on September 7, 2022.
An unknown buyer completed the acquisition of 65% of 5T3M Sdn. Bhd from Eduspec Holdings Berhad (KLSE:EDUSPEC) for MYR 1 million on September 7, 2022. Reported Earnings • Jul 06
Full year 2022 earnings released: RM0.005 loss per share (vs RM0.012 loss in FY 2021) Full year 2022 results: RM0.005 loss per share (up from RM0.012 loss in FY 2021). Revenue: RM9.18m (flat on FY 2021). Net loss: RM13.2m (loss narrowed 44% from FY 2021). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Announcement • Jul 01
Eduspec Holdings Berhad, Annual General Meeting, Aug 25, 2022 Eduspec Holdings Berhad, Annual General Meeting, Aug 25, 2022, at 10:00 China Standard Time. Location: Manuka 2 & 3, Unit 29-01, Level 29 Tower a, Vertical business Suite, avenue 3, bangsar South, No. 8, Jalan Kerinchi Kaula Lumpur Malaysia Agenda: To approve the additional payment of Director’s fees to be paid to the Directors; to consider re-election of Directors; to re-appoint Messrs UHy as auditors of the Company for the upcoming year and to authorize the Directors to fix their remuneration; to consider authority to Issue Shares Pursuant to Section 75 and Section 76 of the Companies act 2016; and to consider the other matters.