Reported Earnings • May 26
Third quarter 2026 earnings released: RM0.012 loss per share (vs RM0.005 loss in 3Q 2025) Third quarter 2026 results: RM0.012 loss per share (further deteriorated from RM0.005 loss in 3Q 2025). Revenue: RM544.1m (down 18% from 3Q 2025). Net loss: RM12.2m (loss widened 161% from 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. New Risk • May 15
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM34.8m (US$8.81m) 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 56% per year over the past 5 years. Market cap is less than US$10m (RM34.8m market cap, or US$8.81m). Announcement • May 08
Straits Energy Resources Berhad has completed a Follow-on Equity Offering. Straits Energy Resources Berhad has completed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 99,446,227
Transaction Features: Subsequent Direct Listing New Risk • May 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 9.2% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 56% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$100m (RM74.6m market cap, or US$18.9m). Announcement • Apr 28
Straits Energy Resources Berhad has filed a Follow-on Equity Offering. Straits Energy Resources Berhad has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 99,446,227
Transaction Features: Subsequent Direct Listing Board Change • Feb 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. 7 experienced directors. 5 highly experienced directors. Independent Non Executive Director Kok Chaw Leong was the last 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: Insufficient board refreshment. Reported Earnings • Nov 28
First quarter 2026 earnings released: RM0.01 loss per share (vs RM0 in 1Q 2025) First quarter 2026 results: RM0.01 loss per share (further deteriorated from RM0 in 1Q 2025). Revenue: RM528.2m (down 29% from 1Q 2025). Net loss: RM9.90m (down RM10.0m from profit in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 17
Full year 2025 earnings released: RM0.01 loss per share (vs RM0.004 profit in FY 2024) Full year 2025 results: RM0.01 loss per share (down from RM0.004 profit in FY 2024). Revenue: RM2.67b (down 22% from FY 2024). Net loss: RM10.1m (down 364% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Announcement • Oct 15
Straits Energy Resources Berhad, Annual General Meeting, Nov 20, 2025 Straits Energy Resources Berhad, Annual General Meeting, Nov 20, 2025, at 10:30 Singapore Standard Time. Location: orchid room, level c, one world hotel, first avenue, bandar utama city centre, 47800 petaling jaya, selangor, Malaysia Reported Earnings • Aug 31
Full year 2025 earnings released: RM0.01 loss per share (vs RM0.004 profit in FY 2024) Full year 2025 results: RM0.01 loss per share (down from RM0.004 profit in FY 2024). Revenue: RM2.67b (down 22% from FY 2024). Net loss: RM10.1m (down 362% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. New Risk • Jul 28
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 Interest payments are not well covered by earnings (1.5x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 5.8% per year over the past 5 years. Minor Risk Market cap is less than US$100m (RM74.6m market cap, or US$17.7m). New Risk • Jun 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 8.8% 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 Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 5.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (RM79.6m market cap, or US$18.7m). New Risk • Jun 03
New major risk - Revenue and earnings growth Earnings have declined by 5.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 5.8% per year over the past 5 years. Minor Risk Market cap is less than US$100m (RM74.6m market cap, or US$17.5m). Reported Earnings • Mar 01
Full year 2024 earnings released: EPS: RM0.003 (vs RM0.008 in FY 2023) Full year 2024 results: EPS: RM0.003 (down from RM0.008 in FY 2023). Revenue: RM3.23b (up 11% from FY 2023). Net income: RM3.16m (down 55% from FY 2023). Profit margin: 0.1% (down from 0.2% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. New Risk • Jan 21
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 Risks Interest payments are not well covered by earnings (1.4x net interest cover). Earnings have declined by 0.06% per year over the past 5 years. High level of non-cash earnings (61% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (0.1% net profit margin). Market cap is less than US$100m (RM99.4m market cap, or US$22.2m). Reported Earnings • Nov 29
Third quarter 2024 earnings released: EPS: RM0 (vs RM0.001 in 3Q 2023) Third quarter 2024 results: EPS: RM0 (down from RM0.001 in 3Q 2023). Revenue: RM741.3m (down 3.9% from 3Q 2023). Net income: RM115.0k (down 84% from 3Q 2023). Profit margin: 0% (down from 0.1% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 15% per year. New Risk • Aug 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.1% Last year net profit margin: 0.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). High level of non-cash earnings (54% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.1% net profit margin). Shareholders have been diluted in the past year (5.6% increase in shares outstanding). Market cap is less than US$100m (RM114.4m market cap, or US$26.5m). Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: RM0.001 (vs RM0.004 in 2Q 2023) Second quarter 2024 results: EPS: RM0.001 (down from RM0.004 in 2Q 2023). Revenue: RM909.6m (up 61% from 2Q 2023). Net income: RM846.0k (down 80% from 2Q 2023). Profit margin: 0.1% (down from 0.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • May 30
First quarter 2024 earnings released: EPS: RM0.001 (vs RM0 in 1Q 2023) First quarter 2024 results: EPS: RM0.001 (up from RM0 in 1Q 2023). Revenue: RM797.3m (up 29% from 1Q 2023). Net income: RM468.0k (up 53% from 1Q 2023). Profit margin: 0.1% (up from 0% in 1Q 2023). The increase in margin was driven by higher revenue. 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 15% per year, which means it is significantly lagging earnings. Announcement • May 01
Straits Energy Resources Berhad, Annual General Meeting, Jun 25, 2024 Straits Energy Resources Berhad, Annual General Meeting, Jun 25, 2024, at 10:00 Singapore Standard Time. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: RM0.008 (vs RM0.007 in FY 2022) Full year 2023 results: EPS: RM0.008 (up from RM0.007 in FY 2022). Revenue: RM2.92b (down 6.2% from FY 2022). Net income: RM7.53m (up 22% from FY 2022). Profit margin: 0.3% (up from 0.2% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. New Risk • Dec 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Shareholders have been diluted in the past year (5.6% increase in shares outstanding). Market cap is less than US$100m (RM114.4m market cap, or US$24.4m). Reported Earnings • Nov 30
Third quarter 2023 earnings released: EPS: RM0.001 (vs RM0 in 3Q 2022) Third quarter 2023 results: EPS: RM0.001 (up from RM0 in 3Q 2022). Revenue: RM771.6m (down 15% from 3Q 2022). Net income: RM696.0k (up 207% from 3Q 2022). Profit margin: 0.1% (up from 0% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Nov 24
Straits Energy Resources Berhad has filed a Follow-on Equity Offering in the amount of HKD 10.363571 million. Straits Energy Resources Berhad has filed a Follow-on Equity Offering in the amount of HKD 10.363571 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 94,214,279
Price\Range: HKD 0.11
Transaction Features: Subsequent Direct Listing Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: RM0.005 (vs RM0.005 in 2Q 2022) Second quarter 2023 results: EPS: RM0.005 (in line with 2Q 2022). Revenue: RM566.4m (down 32% from 2Q 2022). Net income: RM4.24m (down 6.9% from 2Q 2022). Profit margin: 0.7% (up from 0.6% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • May 31
First quarter 2023 earnings released: EPS: RM0 (vs RM0.001 in 1Q 2022) First quarter 2023 results: EPS: RM0 (down from RM0.001 in 1Q 2022). Revenue: RM617.0m (down 3.8% from 1Q 2022). Net income: RM305.0k (down 71% from 1Q 2022). Profit margin: 0% (down from 0.2% 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 3% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: RM0.007 (vs RM0.006 in FY 2021) Full year 2022 results: EPS: RM0.007 (up from RM0.006 in FY 2021). Revenue: RM3.11b (up 136% from FY 2021). Net income: RM6.16m (up 43% from FY 2021). Profit margin: 0.2% (down from 0.3% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Announcement • Jan 19
Straits Energy Resources Berhad Appoints Leong Kok Chaw as Independent and Non Executive Director Straits Energy Resources Berhad announced appointment of Mr. Leong Kok Chaw as Independent and Non Executive Director, effective 18 January 2023. Professional Qualification: Structured banking facilities, trade finance and contract financing; Institute Bank-Bank Malaysia. Working experience and occupation: 2018 till current Business Director of Agency Perkerjaan Haz Sdn Bhd 2015 till 2020 Managing Director of TS Global Logistics Sdn Bhd 2009 till 2015 Managing Director of RF International Forwarding Sdn Bhd; 2007-2009 Senior Manager SME Dept - Ambank Berhad, Menara Dion; 2006-2007 Senior Manager SME Dept - Affin Bank Berhad, Head Office 2004-2006 Head of Business Centre - Affin Bank Berhad, Port Kelang Branch 2002-2004 Branch Manager - Affin Bank Berhad, Seri Petaling Branch; 2000-2002 Branch Manager - Affin Bank Berhad, Kepong Branch; 1998-2000 Branch Manager - Affin Bank Berhad, Sg Buloh Branch; 1997-1998 Deputy Branch Manager Affin Bank Berhad, Selayang Branch; 1992-1996 Head of Trade Finance - Affin Bank Berhad 1989 1992 Trade Finance Officer Bank Executive /Trade Finance Officer - Affin Bank Berhad; 1983-1989 Trade finance & shipping Junior Executive Malayan Banking Berhad. Reported Earnings • Dec 03
Third quarter 2022 earnings released: EPS: RM0 (vs RM0.002 in 3Q 2021) Third quarter 2022 results: EPS: RM0 (down from RM0.002 in 3Q 2021). Revenue: RM906.3m (up 166% from 3Q 2021). Net income: RM227.0k (down 87% from 3Q 2021). Profit margin: 0% (down from 0.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year and the company’s share price has also fallen by 17% per year. Announcement • Sep 21
Straits Energy Resources Berhad Appoints DATIN NG FONG SHIANG as Independent and Non Executive Member of Risk Committee Straits Energy Resources Berhad appointed DATIN NG FONG SHIANG as Independent and Non Executive Member of Risk Committee. Date of change: 20 September 2022. Age: 43. Gender: Female. Nationality: Malaysia. Composition of Risk Committee(Name and Directorate of members after change): Chairman: Tan Sri Mohd Bakri Bin Mohd Zinin - Non-Independent Non-Executive Director, Member: Leong Fook Heng - Independent Non-Executive Director, Member: Datin Ng Fong Shiang - Independent Non-Executive Director. Reported Earnings • Aug 30
Second quarter 2022 earnings released: EPS: RM0.005 (vs RM0.001 in 2Q 2021) Second quarter 2022 results: EPS: RM0.005 (up from RM0.001 in 2Q 2021). Revenue: RM827.6m (up 249% from 2Q 2021). Net income: RM4.55m (up 320% from 2Q 2021). Profit margin: 0.6% (up from 0.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Jul 29
Straits Energy Resources Berhad Appoints Dato' Yoong Leong Yan as Executive Director, Effective from 01 August 2022 Straits Energy Resources Berhad announced the appointment of DATO' YOONG LEONG YAN as Executive Director, effective from 01 August 2022. Dato' Yoong commenced his career in the financial services, money market and corporate banking industry from 1986 to 1991 where he was attached to Arab Malaysian Credit Berhad, Arab Malaysian Merchant Bank Bhd and Chung Khiaw Bank Ltd. Thereafter he gained extensive investment experience in both the property and equity market from 1991 to 2017 and his last posting before joining Straits Energy Resources Berhad Group was as a Senior Vice President of CIMB Investment Bank Berhad. His stint with CIMB Group was for a 16-year period from 2001 to 2017. In 2017, he was appointed by Straits Group as its Group Corporate Advisor and has since been advising and handling all matters related to the Group's Corporate Affairs, Mergers & Acquisitions, Restructuring, Fund Raising, Corporate Planning/Strategies and Special Projects assigned by the GMD from time to time. Qualifications: Professional Qualification Accountancy: TUNKU ABDUL RAHMAN COLLEGE (TAR COLLEGE), COMPLETED HIS CHARTERED INSTITUTE OF MANAGEMENT ACCOUNTANTS, UNITED KINGDOM IN 1986. Professional Qualification Accountancy: TUNKU ABDUL RAHMAN COLLEGE (TAR COLLEGE), ADMITTED AS AN ASSOCIATE MEMBER OF CIMA IN 1993. Professional Qualification Accountancy: BY VIRTUE OF HIS QUALIFICATION AND MEMBERSHIP IN CIMA, DESIGNATED A CHARTERED GLOBAL MANAGEMENT ACCOUNTANT ("CGMA") IN 2021. Professional Qualification Accountancy: BY VIRTUE OF HIS QUALIFICATION AND MEMBERSHIP IN CIMA, ADMITTED AS A CHARTERED ACCOUNTANT AND MEMBER OF THE MALAYSIAN INSTITUTE OF ACCOUNTANTS IN 2021. Announcement • Jul 02
Straits Energy Resources Berhad Appoints Hoh Chee Mun as Chief Financial Officer Straits Energy Resources Berhad announced appointment of Mr. Hoh Chee Mun as Chief Financial Officer. Age 57; Nationality Malaysia. Date of change is July 1, 2022. Qualifications: Accountancy from PAAC Management Institute and is a Member of Malaysian Institute of Certified Public Accountant Professional (“MICPA”) in 1993; Accountancy By virtue of his qualification and membership of MICPA, he became member of MIA and is a Member of Malaysian Institute of Accountants (“MIA”) in 1994. Working experience and occupation: He commenced his accountancy career in 1985, with a 4-year articleship with BDO Binder as an Article Clerk before furthering his career in 1990 with Ernst & Young as an Audit Assistant, where he had completed his MICPA examination. Thereafter, he left Ernst & Young in 1995 as an Audit Senior and joined Fella Design Group, a regional furniture manufacturer cum retailer as the Group Accountant, overseeing the accounts, finance, internal audit, human resources and information technology in 1996. In 2005, he became the Finance Director of VHQ Group of Companies, overseeing the accounts, finance and corporate secretarial matters in Malaysia, Singapore, Indonesia, Thailand, Vietnam and China. Before he was appointed as the Financial Controller of the Group in 2017, he provided general management consultancy and GST services in Malaysia between 2012 to 2017. Directorships in public companies and listed issuers (if any): He is currently an Independent Non-Executive Director of QES Group Berhad. Reported Earnings • May 28
First quarter 2022 earnings released: EPS: RM0.001 (vs RM0.001 in 1Q 2021) First quarter 2022 results: EPS: RM0.001 (vs RM0.001 in 1Q 2021). Revenue: RM641.7m (up 117% from 1Q 2021). Net income: RM1.06m (up 50% from 1Q 2021). Profit margin: 0.2% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Apr 23
Straits Energy Resources Berhad Announces Final Dividend for the Financial Year Ended 31 December 2021, Payable on 18 July 2022 Straits Energy Resources announced Final Single-Tier Dividend of 0.2 sen per ordinary share in respect of the financial year ended 31 December 2021. Ex-date is 17 June 2022. Payable on 18 July 2022. Reported Earnings • Mar 02
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: RM0.006 (up from RM0.004 in FY 2020). Revenue: RM1.32b (up 95% from FY 2020). Net income: RM4.40m (up 55% from FY 2020). Profit margin: 0.3% (down from 0.4% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 30% 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. Announcement • Feb 04
Straits Energy Resources Berhad Announces Management Appointments in Indirect Subsidiary Straits CommNet Solutions Sdn Bhd Straits Energy Resources Berhad announced appointment of Mr. Sunny Ho Khin Choy to lead its indirect subsidiary Straits CommNet Solutions Sdn Bhd. Mr. Sunny Ho, who has led various key sections in Digital Nasional Berhad, Axiata's Edotco, Nokia Malaysia and Ascom, among others, will spearhead Straits' push into the 5G-driven digital space and Internet of Things transformation of the regional oil and gas industry. Mr. Sunny Ho will drive Straits CommNet to explore the vast wireless network communication and infrastructure business opportunities in the 4G and 5G rollout of Malaysia and regionally, further expanding the Group's business exposure and revenue stream. His appointment as the Chief Executive Officer of Straits CommNet effective 3 February 2022 is announced less than three months after Straits' joined hands with Texas-based Baicells Technologies Co. Ltd, which provides innovative 4G Long-Term Evolution and 5G New Radio access solutions in its first collaboration initiative. Mr. Sunny Ho's last posting prior to joining Straits CommNet was in Digital Nasional Berhad. Meanwhile, Mr. John Ho Soon Choy was also appointed as Chief Operating Officer of Straits CommNet effective 3rd January 2022. With over 32 years of experience in the IT industry, Mr. John Ho has in the past led a MIS/IT team that provided support on SAP and IT infrastructure for F&N and Yeo's Malaysia and Indonesia. He is a specialist in IT restructuring, improving system processes and achieving cost optimisation. Reported Earnings • Nov 26
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: RM0.002 (vs RM0.002 in 3Q 2020). Revenue: RM341.2m (up 112% from 3Q 2020). Net income: RM1.79m (up 70% from 3Q 2020). Profit margin: 0.5% (down from 0.7% in 3Q 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Aug 04
Straits Inter Logistics Berhad Receives Approval from Marine Department to Commence Operation for Asia's STS Energy Transhipment Hub in Labuan Straits Inter Logistics Berhad announced that Victoria STS (Labuan) Sdn Bhd ("Victoria STS") had received approval from Marine Department Malaysia on 30 July 2021 to commence operations to develop an integrated offshore Ship-to-Ship Transhipment Hub. The Company has mobilized its resources and infrastructure in preparation to commence operation of the STS Transhipment Hub in the coming fourth quarter 2021. Victoria STS is a 70% owned subsidiary of Fajar Maritime and Logistics Sdn Bhd, which in turn is a 60% owned subsidiary of Straits. Concurrently, Victoria STS has also on 30 July 2021 received approval from Marine Department Malaysia on the Marine Risk Assessment ("MRA") in accordance with the terms of reference of MRA. The assessment was done as part of the requirements to be complied before 8 January 2022 to develop an integrated offshore Ship-to-Ship ("STS") Energy Transhipment Hub within the port limits of Victoria Bay. The Company expects to commence and complete the development of the STS Energy Transhipment Hub which includes setting up the key facilities and equipment such as tugboats, pneumatic fenders, LNG cryogenic equipment and single point mooring system by the fourth quarter of 2021. Marine Department Malaysia had on 12 July 2021 granted the approval for the Company to develop the STS as announced to Bursa Malaysia. The STS hub will be Straits energy project which will be located within the port limits of Victoria Bay deep water area spanning a vast 3309 hectares supporting an initial six (6) STS berths with safe water depths of up to 30 meters. The development will advance the introduction of multi-functional energy transhipment facilities that will be able to accommodate LNG carriers up to the size of a Q-Max and Very Large Crude Carriers (VLCC). Victoria Bay is strategically located along international shipping and energy trade routes. Straits' plan to develop the STS Hub is set to be one of the offshore LNG and LPG energy transhipment hubs in Asia. The STS hub is also strategically located within the vicinity of Labuan Liberty Port which is managed and operated by Megah Port Management Sdn Bhd ("MPM'), a 51% owned subsidiary of Straits. Announcement • Jul 14
Straits Inter Logistics Berhad Set to Develop STS Energy Transhipment Hub After Receiving Approval from Marine Department Malaysia Straits Inter Logistics Berhad announced that it has received approval from Marine Department Malaysia for Victoria STS (Labuan) Sdn Bhd ("Victoria STS") to develop an integrated offshore Ship-to-Ship (STS) Energy Transhipment Hub within the port limits of Victoria Bay, Labuan. Victoria STS is a 70% owned subsidiary of Fajar Maritime and Logistics Sdn Bhd, which in turn is a 60% owned subsidiary of Straits. The STS hub will be Straits' energy project which will be located within the port limits of Victoria Bay deep water area spanning a vast 3309 hectares supporting an initial six (6) STS berths with safe water depths of up to 30 meters. The development will advance the introduction of state-of-the-art multi- functional energy transhipment facilities that will be able to accommodate LNG carriers up to the size of a Q-Max and Very Large Crude Carriers (VLCC). Victoria Bay is strategically located along the international shipping and energy trade routes. Straits' plan to develop the STS Hub is set to be one of the largest offshore Liquefied Natural Gas (LNG) and Liquefied Petroleum Gas (LPG) energy transhipment hubs in Asia. The STS hub is also strategically located within the vicinity of Labuan Liberty Port which is managed and operated by Megah Port Management Sdn Bhd ("MPM'), a 51% owned subsidiary of Straits. The STS hub will be highly synergistic to Straits' existing operations, leveraging on Straits' bunkering and port services. The first phase of the STS hub will be to develop a modern anchorage-based and Single Point Mooring system infrastructure supporting up to six (6) Deepwater Mooring Berths. This infrastructure will streamline cargo compatibility with LNG, LPG, Liquefied Ethylene Gas (LEG) and Bulk Petroleum and Oil cargoes. The STS hub is slated to commence operation by the fourth quarter of 2021. To ensure the success of the STS energy transhipment hub, Victoria STS has joined hands with two key partners, namely MISC Maritime Services Sdn Bhd ("MMS") and STS Marine Solutions (Bermuda) Ltd. ("STSM") as strategic collaboration partners in the development of the hub. In the earlier planning stage, both MMS and STSM have separately signed Memorandum Of Understanding (MOU) with Victoria STS with a view to facilitate further Definitive Agreements when the STS hub materialised. Reported Earnings • May 30
Full year 2020 earnings released: EPS RM0.005 (vs RM0.011 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: RM675.3m (up 1.8% from FY 2019). Net income: RM3.12m (down 56% from FY 2019). Profit margin: 0.5% (down from 1.1% in FY 2019). The decrease in margin was driven by higher expenses. 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 5% per year. Reported Earnings • Mar 13
Full year 2020 earnings released: EPS RM0.005 (vs RM0.011 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: RM675.3m (up 1.8% from FY 2019). Net income: RM3.12m (down 56% from FY 2019). Profit margin: 0.5% (down from 1.1% in FY 2019). The decrease in margin was driven by higher expenses. 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 6% per year. Announcement • Mar 05
Straits Inter Logistics Berhad (KLSE:STRAITS) completed the acquisition of Tumpuan Megah Development Sdn Bhd from Dato' Mohd Suhaimi Bin Hashim. Straits Inter Logistics Berhad (KLSE:STRAITS) acquired additional 15% stake in Tumpuan Megah Development Sdn Bhd from Dato' Mohd Suhaimi Bin Hashim for MYR 11.7 million on January 11, 2021. Straits Inter will acquire 2.25 million shares as a part of this transaction and will pay the consideration in cash. In a related transaction, Straits Inter will issue upto 20% of its shares as a part of private placement. Upon completion of the Proposed Acquisition, Tumpuan Megah will become a 70%-owned subsidiary of Straits. The consideration will be funded from cash. The Proposed Acquisition is not subject to the approval of the Company's shareholders. All conditions were fulfilled on March 3, 2021.
Straits Inter Logistics Berhad (KLSE:STRAITS) completed the acquisition of Tumpuan Megah Development Sdn Bhd from Dato' Mohd Suhaimi Bin Hashim on March 3, 2021. Is New 90 Day High Low • Mar 02
New 90-day high: RM0.21 The company is up 17% from its price of RM0.18 on 02 December 2020. The Malaysian market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is down 1.0% over the same period. Announcement • Jan 13
Straits Inter Logistics Berhad (KLSE:STRAITS) acquired additional 15% stake in Tumpuan Megah Development Sdn Bhd from Dato' Mohd Suhaimi Bin Hashim for MYR 11.7 million. Straits Inter Logistics Berhad (KLSE:STRAITS) acquired additional 15% stake in Tumpuan Megah Development Sdn Bhd from Dato' Mohd Suhaimi Bin Hashim for MYR 11.7 million on January 11, 2021. Straits Inter will acquire 2.25 million shares as a part of this transaction and will pay the consideration in cash. In a related transaction, Straits Inter will issue upto 20% of its shares as a part of private placement. Upon completion of the Proposed Acquisition, Tumpuan Megah will become a 70%-owned subsidiary of Straits. The consideration will be funded from cash. The Proposed Acquisition is not subject to the approval of the Company's shareholders Reported Earnings • Nov 26
Third quarter 2020 earnings released: EPS RM0.002 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: RM161.2m (down 29% from 3Q 2019). Net income: RM1.05m (down 43% from 3Q 2019). Profit margin: 0.7% (down from 0.8% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. 