Price Target Changed • Jun 17
Price target decreased by 7.1% to RM1.67 Down from RM1.80, the current price target is an average from 4 analysts. New target price is 46% above last closing price of RM1.14. Stock is down 30% over the past year. The company is forecast to post earnings per share of RM0.19 for next year compared to RM0.18 last year. Major Estimate Revision • Jun 04
Consensus revenue estimates fall by 14% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from RM1.07b to RM923.8m. EPS estimate fell from RM0.217 to RM0.198 per share. Net income forecast to grow 16% next year vs 1.3% decline forecast for Energy Services industry in Malaysia. Consensus price target down from RM1.80 to RM1.69. Share price fell 8.0% to RM1.15 over the past week. Reported Earnings • May 29
First quarter 2026 earnings released: EPS: RM0.022 (vs RM0.031 in 1Q 2025) First quarter 2026 results: EPS: RM0.022 (down from RM0.031 in 1Q 2025). Revenue: RM184.9m (up 3.1% from 1Q 2025). Net income: RM8.96m (down 28% from 1Q 2025). Profit margin: 4.8% (down from 6.9% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Apr 28
Deleum Berhad, Annual General Meeting, Jun 22, 2026 Deleum Berhad, Annual General Meeting, Jun 22, 2026, at 10:00 Singapore Standard Time. Location: grand ballroom, level 9, sunway putra hotel, no. 100, jalan putra, 50350 kuala lumpur, Malaysia Declared Dividend • Feb 26
Final dividend of RM0.053 announced Dividend of RM0.053 is the same as last year. Ex-date: 12th March 2026 Payment date: 30th March 2026 Dividend yield will be 7.6%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 2.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 45% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 25
Full year 2025 earnings released: EPS: RM0.18 (vs RM0.18 in FY 2024) Full year 2025 results: EPS: RM0.18 (down from RM0.18 in FY 2024). Revenue: RM997.1m (up 9.9% from FY 2024). Net income: RM71.1m (down 4.1% from FY 2024). Profit margin: 7.1% (down from 8.2% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 2.8% growth forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 21
Third quarter 2025 earnings released: EPS: RM0.055 (vs RM0.062 in 3Q 2024) Third quarter 2025 results: EPS: RM0.055 (down from RM0.062 in 3Q 2024). Revenue: RM278.1m (up 3.3% from 3Q 2024). Net income: RM22.1m (down 12% from 3Q 2024). Profit margin: 7.9% (down from 9.3% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 23
First half dividend of RM0.04 announced Shareholders will receive a dividend of RM0.04. Ex-date: 8th September 2025 Payment date: 30th September 2025 Dividend yield will be 6.0%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (29% earnings payout ratio) and cash flows (76% cash payout ratio). The dividend has increased by an average of 3.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: RM0.049 (vs RM0.056 in 2Q 2024) Second quarter 2025 results: EPS: RM0.049 (down from RM0.056 in 2Q 2024). Revenue: RM236.9m (up 4.9% from 2Q 2024). Net income: RM19.6m (down 13% from 2Q 2024). Profit margin: 8.3% (down from 9.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Malaysia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 30% per year and the company’s share price has also increased by 30% per year. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to RM1.65, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Energy Services industry in Malaysia. Total returns to shareholders of 262% over the past three years. Reported Earnings • May 28
First quarter 2025 earnings released: EPS: RM0.031 (vs RM0.023 in 1Q 2024) First quarter 2025 results: EPS: RM0.031 (up from RM0.023 in 1Q 2024). Revenue: RM179.4m (up 11% from 1Q 2024). Net income: RM12.4m (up 34% from 1Q 2024). Profit margin: 6.9% (up from 5.7% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 2.7% decline forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 31% per year. Reported Earnings • Apr 23
Full year 2024 earnings: EPS in line with analyst expectations despite revenue beat Full year 2024 results: EPS: RM0.18 (up from RM0.11 in FY 2023). Revenue: RM907.5m (up 15% from FY 2023). Net income: RM74.2m (up 62% from FY 2023). Profit margin: 8.2% (up from 5.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 2.6% decline forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • Apr 18
Deleum Berhad, Annual General Meeting, May 22, 2025 Deleum Berhad, Annual General Meeting, May 22, 2025, at 11:00 Singapore Standard Time. Location: summit 1 ballroom, level m1, the vertical, connexion conference & event centre, bangsar south city, no. 8, jalan kerinchi, 59200 kuala lumpur, Malaysia Major Estimate Revision • Apr 15
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from RM969.4m to RM987.9m. EPS estimate increased from RM0.19 to RM0.213 per share. Net income forecast to grow 30% next year vs 15% growth forecast for Energy Services industry in Malaysia. Consensus price target up from RM1.91 to RM1.97. Share price rose 8.1% to RM1.46 over the past week. Declared Dividend • Mar 03
Final dividend increased to RM0.053 Dividend of RM0.053 is 43% higher than last year. Ex-date: 13th March 2025 Payment date: 28th March 2025 Dividend yield will be 6.7%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (43% earnings payout ratio) but not covered by cash flows (190% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 01
Full year 2024 earnings released: EPS: RM0.18 (vs RM0.11 in FY 2023) Full year 2024 results: EPS: RM0.18 (up from RM0.11 in FY 2023). Revenue: RM907.5m (up 15% from FY 2023). Net income: RM74.2m (up 62% from FY 2023). Profit margin: 8.2% (up from 5.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.5% decline forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • Jan 02
Deleum Berhad Announces the Appointment of Kathirithamby Sivasankar as Non Independent and Non Executive Alternate Director Deleum Berhad announced the appointment of Mr. Kathirithamby Sivasankar as Non Independent and Non Executive Alternate Director. Date of change is January 2, 2025. Qualifications - Degree in Bachelor of Commerce from University of Melbourne. Age is 74. Working experience and occupation: Mr. Kathirithamby Sivasankar ("Mr. Siva") holds a Bachelor of Commerce degree from the University of Melbourne. He is both a Chartered Accountant and a Certified Public Accountant, with over 25 years of global leadership experience in risk management within publicly listed and multinational companies. He is renowned for developing robust risk management models that enhance shareholder value and strengthen corporate governance. During his 15-year tenure with Ernst & Young, spanning Australia, Asia, and the United Kingdom, Mr. Siva gained extensive expertise in audit, management consultancy, change management, and business recovery. He is recognised as an industry leader in Business Continuity Planning, equipping companies to proactively manage crises, build resilience, and safeguard earnings and brand value. Currently, Mr. Siva serves as a Non-Executive Director on the board of an Australian non-governmental organization focused on healthcare. He takes pride in his role as a public policy advocate, influencing political, economic, and social reforms to promote equity and social justice. New Risk • Nov 26
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risk Dividend is not well covered by cash flows (430% cash payout ratio). Announcement • Nov 01
Deleum Berhad Appoints Encik Ainul Azhar Bin Ainul Jamal as Independent and Non Executive Director Deleum Berhad announced the appointment of Encik Ainul Azhar Bin Ainul Jamal as Independent and Non Executive Director. Date of change is November 1, 2024. Age is 64. Qualifications are Bachelor of Electrical Engineering from University of Sussex, United Kingdom, Daniel's Business School from University of Denver, United States of America and Advance Finance from IMD Business School. Working experience is En. Ainul Azhar bin Ainul Jamal ("En. Ainul Azhar") worked with the Public Works Department as the lead engineer responsible for radar installations at the Malaysian Armed Force military camps upon completing his education in United Kingdom from 1983 to 1984. Subsequently, he began his career as a field engineer with Schlumberger (SLB) in 1984. Over the course of his 32-year stint with the company, he served in various technical, managerial and executive roles in Australia, New Zealand, Indonesia, Malaysia, France, Canada and the United Kingdom. En. Ainul Azhar held various senior positions within Schlumberger, including Managing Director for Schlumberger South East Asia, Corporate Communications Director of Schlumberger Ltd. based in London, as well as Director of Human Resource for Schlumberger WesternGeco and Reservoir Management Group. Between 2010 and 2013, En. Ainul Azhar served as Schlumberger Asia Pacific Executive Chairman, and later assumed his last position as Non-Executive Chairman and Director of Schlumberger Malaysia before his retirement in April 2018. In May 2018, En. Ainul Azhar was appointed to the Board of Directors of Petroliam Nasional Berhad (PETRONAS) where he served as an Independent Non-Executive Director, Chairman of Audit Committee and member of Nomination and Remuneration Committee. He was also the founding board member of Gentari, a wholly owned entity of PETRONAS. He retired from the Board of PETRONAS in April 2023. Presently, En. Ainul Azhar is an Independent Non-Executive Director of Icon Offshore Berhad, director at Cetco Energy Services (Malaysia) Sdn Bhd and Danau Selasih Sdn Bhd. Price Target Changed • Oct 16
Price target increased by 12% to RM1.71 Up from RM1.52, the current price target is an average from 3 analysts. New target price is 8.4% above last closing price of RM1.58. Stock is up 53% over the past year. The company is forecast to post earnings per share of RM0.17 for next year compared to RM0.11 last year. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to RM1.65, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 9x in the Energy Services industry in Malaysia. Total returns to shareholders of 251% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM1.27 per share. Buy Or Sell Opportunity • Oct 04
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to RM1.65. The fair value is estimated to be RM1.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 3.1% in 2 years. Earnings are forecast to grow by 5.4% in the next 2 years. Upcoming Dividend • Sep 06
Upcoming dividend of RM0.04 per share Eligible shareholders must have bought the stock before 12 September 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 53% and the cash payout ratio is 81%. Trailing yield: 5.5%. Within top quartile of Malaysian dividend payers (4.7%). Higher than average of industry peers (2.0%). Buy Or Sell Opportunity • Sep 03
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to RM1.52. The fair value is estimated to be RM1.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 3.1% in 2 years. Earnings are forecast to grow by 5.4% in the next 2 years. Declared Dividend • Aug 23
First half dividend increased to RM0.04 Dividend of RM0.04 is 100% higher than last year. Ex-date: 12th September 2024 Payment date: 30th September 2024 Dividend yield will be 5.7%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (39% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 22
Second quarter 2024 earnings released: EPS: RM0.056 (vs RM0.024 in 2Q 2023) Second quarter 2024 results: EPS: RM0.056 (up from RM0.024 in 2Q 2023). Revenue: RM225.9m (up 20% from 2Q 2023). Net income: RM22.4m (up 130% from 2Q 2023). Profit margin: 9.9% (up from 5.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 5.7% decline forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 36% per year. New Risk • Aug 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: RM445.7m (US$99.8m) This is considered a minor 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (RM445.7m market cap, or US$99.8m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to RM1.11, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Energy Services industry in Malaysia. Total returns to shareholders of 153% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM0.72 per share. Reported Earnings • May 29
First quarter 2024 earnings released: EPS: RM0.023 (vs RM0.023 in 1Q 2023) First quarter 2024 results: EPS: RM0.023 (in line with 1Q 2023). Revenue: RM161.4m (up 31% from 1Q 2023). Net income: RM9.24m (up 1.3% from 1Q 2023). Profit margin: 5.7% (down from 7.4% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.0% decline forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 36% per year and the company’s share price has also increased by 36% per year. Reported Earnings • Apr 28
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: RM0.11 (up from RM0.10 in FY 2022). Revenue: RM792.0m (up 14% from FY 2022). Net income: RM45.7m (up 9.3% from FY 2022). Profit margin: 5.8% (down from 6.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.0%. Earnings per share (EPS) also surpassed analyst estimates by 4.5%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 5.6% decline forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 43% per year whereas the company’s share price has increased by 38% per year. Announcement • Apr 24
Deleum Berhad, Annual General Meeting, May 23, 2024 Deleum Berhad, Annual General Meeting, May 23, 2024, at 10:00 Singapore Standard Time. Location: Tricor Business Centre, Gemilang Room, Unit 29-02, Level 29, Tower A Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur Kuala Lumpur Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31 December 2023 together with the Reports of the Directors and Auditors thereon; to re-elect the following Directors retiring in accordance with Clause 88 of the Company's Constitution and being eligible offer themselves for re-election; to approve the payment of Directors' fees to Non-Executive Directors of the Company up to an amount of RM1,500,000 for the period from the day after the Annual General Meeting to the next Annual General Meeting; and to consider other matters. Upcoming Dividend • Mar 05
Upcoming dividend of RM0.037 per share Eligible shareholders must have bought the stock before 12 March 2024. Payment date: 29 March 2024. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of Malaysian dividend payers (4.9%). Higher than average of industry peers (1.9%). Reported Earnings • Feb 27
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: RM0.11 (up from RM0.10 in FY 2022). Revenue: RM792.0m (up 14% from FY 2022). Net income: RM45.7m (up 9.3% from FY 2022). Profit margin: 5.8% (down from 6.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.0%. Earnings per share (EPS) also surpassed analyst estimates by 4.5%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.5% decline forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to RM1.23, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Energy Services industry in Malaysia. Total returns to shareholders of 116% over the past three years. Announcement • Jan 16
Deleum Berhad Announces Appointment of Mohd Shahid Bin Zainol Abidin as Company Secretary Deleum Berhad announced appointment of Mohd Shahid Bin Zainol Abidin as Company Secretary. Date of Change is 16 January 2024. Reported Earnings • Nov 29
Third quarter 2023 earnings released: EPS: RM0.03 (vs RM0.029 in 3Q 2022) Third quarter 2023 results: EPS: RM0.03 (up from RM0.029 in 3Q 2022). Revenue: RM241.8m (up 71% from 3Q 2022). Net income: RM12.2m (up 3.5% from 3Q 2022). Profit margin: 5.0% (down from 8.4% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.4% decline forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to RM1.08, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Energy Services industry in Malaysia. Total returns to shareholders of 122% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM0.92 per share. Upcoming Dividend • Sep 06
Upcoming dividend of RM0.02 per share at 5.6% yield Eligible shareholders must have bought the stock before 13 September 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of Malaysian dividend payers (5.2%). Higher than average of industry peers (1.6%). Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: RM0.024 (vs RM0.021 in 2Q 2022) Second quarter 2023 results: EPS: RM0.024 (up from RM0.021 in 2Q 2022). Revenue: RM188.1m (up 49% from 2Q 2022). Net income: RM9.73m (up 15% from 2Q 2022). Profit margin: 5.2% (down from 6.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.0% decline forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 01
First quarter 2023 earnings released: EPS: RM0.023 (vs RM0.019 in 1Q 2022) First quarter 2023 results: EPS: RM0.023 (up from RM0.019 in 1Q 2022). Revenue: RM123.4m (up 20% from 1Q 2022). Net income: RM9.12m (up 17% from 1Q 2022). Profit margin: 7.4% (down from 7.6% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Malaysia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • May 25
Deleum Berhad Announces Board Changes Deleum Bhd has appointed former president and chief executive officer (CEO) of Petroliam Nasional Bhd (Petronas), Tan Sri Shamsul Azhar Abbas, as its chairman effective June 1. Shamsul Azhar would succeed Datuk Izham Mahmud, who would remain in the company as a director. Shamsul Azhar joined the board on June 9, 2022 and has had an illustrious career in the oil and gas industry for more than 40 years, serving on various boards of public listed companies. Shamsul Azhar served as president and CEO of Petronas from 2010 to 2015. Announcement • May 24
Deleum Berhad Announces Re-Designation Dato Izham Bin Mahmud from Chairman Non Independent and Non Executive to Non Independent and Non Executive Director, Effective June 1, 2023 Deleum Berhad announced re-designation Dato Izham Bin Mahmud from Chairman Non Independent and Non Executive to Non Independent and Non Executive Director. Age is 82. Date of change is June 1, 2023. Dato' Izham was appointed to the Board on 21 December 2005. He is one of the co-founders of Deleum Services Sdn Bhd (Deleum Services), a wholly owned subsidiary of Deleum Berhad. Dato' Izham joined Deleum Services as its Chairman upon his retirement as Managing Director of Aseambankers Malaysia Berhad in 1996 and was subsequently appointed as the Executive Chairman in 2000. He served as the Executive Chairman of Deleum Berhad until his retirement on May 31, 2010, after which he became Non-Executive Chairman until present. With his years of experience and valuable skill sets, he has greatly contributed to the Group's business successes over the last 27 years. Reported Earnings • Apr 24
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: RM0.10 (up from RM0.047 in FY 2021). Revenue: RM698.0m (up 25% from FY 2021). Net income: RM41.9m (up 121% from FY 2021). Profit margin: 6.0% (up from 3.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 19% per year. Upcoming Dividend • Mar 07
Upcoming dividend of RM0.033 per share at 6.5% yield Eligible shareholders must have bought the stock before 14 March 2023. Payment date: 30 March 2023. Payout ratio is a comfortable 50% and the cash payout ratio is 96%. Trailing yield: 6.5%. Within top quartile of Malaysian dividend payers (5.2%). Higher than average of industry peers (1.6%). Price Target Changed • Mar 03
Price target increased by 9.6% to RM1.10 Up from RM1.00, the current price target is an average from 3 analysts. New target price is 16% above last closing price of RM0.94. Stock is up 55% over the past year. The company is forecast to post earnings per share of RM0.14 for next year compared to RM0.10 last year. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: RM0.10 (vs RM0.047 in FY 2021) Full year 2022 results: EPS: RM0.10 (up from RM0.047 in FY 2021). Revenue: RM698.0m (up 25% from FY 2021). Net income: RM41.9m (up 121% from FY 2021). Profit margin: 6.0% (up from 3.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 03
Third quarter 2022 earnings released: EPS: RM0.029 (vs RM0.001 in 3Q 2021) Third quarter 2022 results: EPS: RM0.029 (up from RM0.001 in 3Q 2021). Revenue: RM141.2m (up 2.6% from 3Q 2021). Net income: RM11.8m (up RM11.4m from 3Q 2021). Profit margin: 8.4% (up from 0.3% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Energy Services industry in Malaysia. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 4% per year. Price Target Changed • Nov 16
Price target increased to RM0.95 Up from RM0.83, the current price target is an average from 3 analysts. New target price is 33% above last closing price of RM0.71. Stock is up 36% over the past year. The company is forecast to post earnings per share of RM0.088 for next year compared to RM0.047 last year. Price Target Changed • Sep 07
Price target increased to RM0.95 Up from RM0.80, the current price target is an average from 3 analysts. New target price is 22% above last closing price of RM0.78. Stock is up 47% over the past year. The company is forecast to post earnings per share of RM0.085 for next year compared to RM0.047 last year. Upcoming Dividend • Sep 07
Upcoming dividend of RM0.02 per share Eligible shareholders must have bought the stock before 14 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of Malaysian dividend payers (5.0%). Higher than average of industry peers (1.6%). Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: RM0.021 (vs RM0.006 in 2Q 2021) Second quarter 2022 results: EPS: RM0.021 (up from RM0.006 in 2Q 2021). Revenue: RM126.3m (down 5.9% from 2Q 2021). Net income: RM8.46m (up 243% from 2Q 2021). Profit margin: 6.7% (up from 1.8% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 7.5%, compared to a 7.6% growth forecast for the Energy Services 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 5% per year, which means it has not declined as severely as earnings. Announcement • Aug 24
Deleum Berhad Declares First Interim Dividend for the Financial Year 31 Dec. 2022, Payable on 30 Sep. 2022 Deleum Berhad declares First Interim Dividend of 2.00 sen per ordinary share for the financial year 31 Dec. 2022, payable on 30 Sep. 2022. Ex-Date is 14 Sep. 2022. Announcement • Jun 10
Deleum Berhad Announces Appointment of Tan Sri Dato' Seri Shamsul Azhar Bin Abbas as Independent and Non Executive Member of Nomination and Remuneration Committee Deleum Berhad announced appointment of Tan Sri Dato' Seri Shamsul Azhar Bin Abbas as Independent and Non Executive Member of Nomination and Remuneration Committee. Age is 70. Date of change is June 9, 2022. Composition of Nomination and Remuneration Committee: 1) Datuk Manharlal a/l Ratilal (Senior Independent Non-Executive Director) - Chairman, 2) Datuk Vivekananthan a/l M.V. Nathan (Non-Independent Non-Executive Deputy Chairman) - Member, 3) Mr. Lee Yoke Khai (Independent Non-Executive Director) - Member, 4) Tan Sri Dato' Seri Shamsul Azhar bin Abbas (Independent Non-Executive Director) - Member.