Major Estimate Revision • Jun 12
Consensus EPS estimates fall by 1,375% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from RM2.26b to RM2.22b. Losses expected to increase from RM0.008 per share to RM0.12. Metals and Mining industry in Malaysia expected to see average net income growth of 26% next year. Consensus price target down from RM0.72 to RM0.54. Share price fell 4.6% to RM0.52 over the past week. Reported Earnings • May 28
First quarter 2026 earnings released: RM0.018 loss per share (vs RM0.11 loss in 1Q 2025) First quarter 2026 results: RM0.018 loss per share (improved from RM0.11 loss in 1Q 2025). Revenue: RM457.4m (down 14% from 1Q 2025). Net loss: RM12.5m (loss narrowed 84% from 1Q 2025). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Metals and Mining industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. New Risk • May 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: RM393.0m (US$99.4m) 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 Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (RM393.0m market cap, or US$99.4m). Board Change • May 01
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. 2 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Mohd Bin Mahfar was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 29
Ann Joo Resources Berhad, Annual General Meeting, Jun 18, 2026 Ann Joo Resources Berhad, Annual General Meeting, Jun 18, 2026, at 10:30 Singapore Standard Time. Location: nexus, connexion conference & event centre, spectrum and prism (level 3a), bangsar south city, no. 7,jalan kerinchi, 59200 kuala lumpur, malaysia, Malaysia New Risk • Mar 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 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 Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (RM371.9m market cap, or US$94.4m). Reported Earnings • Mar 02
Full year 2025 earnings released: RM0.36 loss per share (vs RM0.50 loss in FY 2024) Full year 2025 results: RM0.36 loss per share (improved from RM0.50 loss in FY 2024). Revenue: RM2.17b (down 14% from FY 2024). Net loss: RM255.8m (loss narrowed 12% from FY 2024). Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Metals and Mining industry in Malaysia. 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 26% per year, which means it has not declined as severely as earnings. New Risk • Dec 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: RM407.0m (US$99.0m) 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. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 29
Third quarter 2025 earnings released: RM0.075 loss per share (vs RM0.13 loss in 3Q 2024) Third quarter 2025 results: RM0.075 loss per share (improved from RM0.13 loss in 3Q 2024). Revenue: RM591.8m (down 13% from 3Q 2024). Net loss: RM52.7m (loss narrowed 29% from 3Q 2024). Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Metals and Mining industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 31
Second quarter 2025 earnings released: RM0.077 loss per share (vs RM0.08 loss in 2Q 2024) Second quarter 2025 results: RM0.077 loss per share. Revenue: RM540.2m (down 8.6% from 2Q 2024). Net loss: RM54.0m (loss widened 20% from 2Q 2024). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Metals and Mining industry in Malaysia. Reported Earnings • May 05
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: RM0.50 loss per share (further deteriorated from RM0.004 loss in FY 2023). Revenue: RM2.52b (flat on FY 2023). Net loss: RM288.9m (loss widened RM286.7m from FY 2023). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 137%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Metals and Mining industry in Malaysia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Announcement • Apr 29
Ann Joo Resources Berhad, Annual General Meeting, May 30, 2025 Ann Joo Resources Berhad, Annual General Meeting, May 30, 2025, at 10:30 Singapore Standard Time. Location: grand forum, level 10, sunway resort hotel, persiaran lagoon, bandar sunway, 47500 petaling jaya, selangor., Malaysia New Risk • Apr 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: RM414.0m (US$92.4m) 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: Major Risk Debt is not well covered by operating cash flow (4.1% operating cash flow to total debt). Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (RM414.0m market cap, or US$92.4m). Reported Earnings • Mar 01
Full year 2024 earnings released: RM0.41 loss per share (vs RM0.004 loss in FY 2023) Full year 2024 results: RM0.41 loss per share (further deteriorated from RM0.004 loss in FY 2023). Revenue: RM2.53b (flat on FY 2023). Net loss: RM284.5m (loss widened RM282.3m from FY 2023). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Metals and Mining industry in Malaysia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. New Risk • Dec 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% 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: Major Risk Debt is not well covered by operating cash flow (7.3% operating cash flow to total debt). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding). Reported Earnings • Nov 28
Third quarter 2024 earnings released: RM0.13 loss per share (vs RM0.099 loss in 3Q 2023) Third quarter 2024 results: RM0.13 loss per share (further deteriorated from RM0.099 loss in 3Q 2023). Revenue: RM681.6m (up 6.7% from 3Q 2023). Net loss: RM74.7m (loss widened 34% from 3Q 2023). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Metals and Mining industry in Malaysia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Announcement • Nov 06
Ann Joo Resources Berhad has completed a Follow-on Equity Offering in the amount of MYR 105.536094 million. Ann Joo Resources Berhad has completed a Follow-on Equity Offering in the amount of MYR 105.536094 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 131,920,117
Price\Range: MYR 0.8
Security Features: Attached Warrants
Transaction Features: Rights Offering Major Estimate Revision • Sep 05
Consensus EPS estimates fall from profit to RM0.11 loss The consensus outlook for fiscal year 2024 has been updated. Expected to report loss instead of -RM0.112 instead of RM0.037 per share profit previously forecast. Revenue forecast unchanged at RM2.65b Metals and Mining industry in Malaysia expected to see average net income growth of 21% next year. Consensus price target down from RM1.64 to RM1.35. Share price fell 2.6% to RM0.95 over the past week. Reported Earnings • Aug 30
Second quarter 2024 earnings released: RM0.08 loss per share (vs RM0.001 profit in 2Q 2023) Second quarter 2024 results: RM0.08 loss per share (down from RM0.001 profit in 2Q 2023). Revenue: RM591.1m (flat on 2Q 2023). Net loss: RM44.9m (down RM45.6m from profit in 2Q 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Metals and Mining industry in Malaysia. 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. Announcement • Aug 20
Ann Joo Resources Berhad Announces Appointment of Kong Tat Wai as Company Secretary Ann Joo Resources Berhad announced appointment of Kong Tat Wai WAI as Company Secretary. Date Of Change is August 20, 2024. Announcement • Jul 18
Ann Joo Resources Berhad Announces Resignation of Lim Kam Choy as Company Secretary Ann Joo Resources Berhad announced resignation of Lim Kam Choy as Company Secretary, effective July 18, 2024. Announcement • Jul 03
Ann Joo Resources Berhad Appoints Lim Li Heong as Joint Secretary Ann Joo Resources Berhad announced appointment of Lim Li Heong as Joint Secretary. Date of change is 02 July 2024. Reported Earnings • Jun 04
First quarter 2024 earnings released: RM0.027 loss per share (vs RM0.038 loss in 1Q 2023) First quarter 2024 results: RM0.027 loss per share (improved from RM0.038 loss in 1Q 2023). Revenue: RM648.1m (down 3.4% from 1Q 2023). Net loss: RM15.0m (loss narrowed 29% from 1Q 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Metals and Mining industry in Malaysia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Price Target Changed • May 22
Price target increased by 28% to RM1.11 Up from RM0.87, the current price target is provided by 1 analyst. New target price is 7.5% below last closing price of RM1.20. Stock is up 14% over the past year. The company is forecast to post earnings per share of RM0.10 next year compared to a net loss per share of RM0.0039 last year. Announcement • Apr 28
Ann Joo Resources Berhad, Annual General Meeting, Jun 25, 2024 Ann Joo Resources Berhad, Annual General Meeting, Jun 25, 2024, at 10:30 Singapore Standard Time. Location: Training Room, Ground Floor, Wisma Ann Joo Lot 19391, Batu 8 ½, Jalan Klang Lama, 46000 Petaling Jaya, Selangor Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31 December 2023 and the Reports of the Directors and Auditors thereon;to approve the payment of Directors' fees for the period from 1 July 2024 to 30 June 2025; to approve the payment of meeting attendance allowance to Directors for the period from the date of passing of this Ordinary Resolution to the next Annual General Meeting ("AGM") of the Company; to re-elect the following Directors, who shall retire pursuant to Regulation 134 of the Company's Constitution and who being eligible, offer themselves for re-election; and to re-appoint BDO PLT as the Auditors of the Company and to authorize the Directors to fix their remuneration; and to consider other matters. Reported Earnings • Feb 29
Full year 2023 earnings released: RM0.004 loss per share (vs RM0.24 loss in FY 2022) Full year 2023 results: RM0.004 loss per share (improved from RM0.24 loss in FY 2022). Revenue: RM2.51b (down 17% from FY 2022). Net loss: RM2.19m (loss narrowed 98% from FY 2022). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Metals and Mining industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 28
Third quarter 2023 earnings released: RM0.099 loss per share (vs RM0.24 loss in 3Q 2022) Third quarter 2023 results: RM0.099 loss per share (improved from RM0.24 loss in 3Q 2022). Revenue: RM638.6m (down 16% from 3Q 2022). Net loss: RM55.7m (loss narrowed 58% from 3Q 2022). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Metals and Mining industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: RM0.001 (vs RM0.061 in 2Q 2022) Second quarter 2023 results: EPS: RM0.001 (down from RM0.061 in 2Q 2022). Revenue: RM593.6m (down 26% from 2Q 2022). Net income: RM643.0k (down 98% from 2Q 2022). Profit margin: 0.1% (down from 4.2% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Metals and Mining industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Reported Earnings • May 30
First quarter 2023 earnings released: RM0.037 loss per share (vs RM0.06 profit in 1Q 2022) First quarter 2023 results: RM0.037 loss per share (down from RM0.06 profit in 1Q 2022). Revenue: RM670.7m (flat on 1Q 2022). Net loss: RM21.1m (down 164% from profit in 1Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 2.7% growth forecast for the Metals and Mining 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 12% per year, which means it is significantly lagging earnings growth. Price Target Changed • Mar 09
Price target increased by 16% to RM0.98 Up from RM0.84, the current price target is an average from 3 analysts. New target price is 22% below last closing price of RM1.26. Stock is down 25% over the past year. The company is forecast to post earnings per share of RM0.091 next year compared to a net loss per share of RM0.24 last year. Reported Earnings • Feb 28
Full year 2022 earnings released: RM0.24 loss per share (vs RM0.45 profit in FY 2021) Full year 2022 results: RM0.24 loss per share (down from RM0.45 profit in FY 2021). Revenue: RM3.03b (up 27% from FY 2021). Net loss: RM132.6m (down 155% from profit in FY 2021). Revenue is expected to decline by 3.3% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Malaysia are expected to grow by 5.9%. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 03
Third quarter 2022 earnings released: RM0.24 loss per share (vs RM0.13 profit in 3Q 2021) Third quarter 2022 results: RM0.24 loss per share (down from RM0.13 profit in 3Q 2021). Revenue: RM760.8m (up 88% from 3Q 2021). Net loss: RM133.5m (down 293% from profit in 3Q 2021). Revenue is expected to decline by 10% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Malaysia are expected to grow by 6.7%. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Dec 01
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from RM2.49b to RM2.79b. EPS estimate fell from RM0.34 to RM0.01. Net income forecast to shrink 75% next year vs 3.2% growth forecast for Metals and Mining industry in Malaysia . Consensus price target down from RM1.29 to RM0.84. Share price fell 3.5% to RM1.09 over the past week. 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. 3 experienced directors. 6 highly experienced directors. Independent Non-Executive Director Carol Chan 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. Major Estimate Revision • Sep 02
Consensus EPS estimates increase by 24% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from RM2.46b to RM2.50b. EPS estimate increased from RM0.17 to RM0.21 per share. Net income forecast to shrink 31% next year vs 13% decline forecast for Metals and Mining industry in Malaysia. Consensus price target down from RM1.42 to RM1.29. Share price fell 4.7% to RM1.02 over the past week. Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: RM0.061 (vs RM0.15 in 2Q 2021) Second quarter 2022 results: EPS: RM0.061 (down from RM0.15 in 2Q 2021). Revenue: RM805.9m (up 20% from 2Q 2021). Net income: RM34.1m (down 59% from 2Q 2021). Profit margin: 4.2% (down from 12% in 2Q 2021). Over the next year, revenue is expected to shrink by 6.6% compared to a 4.5% growth forecast for the Metals and Mining industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improved over the past week After last week's 16% share price gain to RM1.22, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Metals and Mining industry in Malaysia. Total loss to shareholders of 7.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM0.57 per share. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 16% share price decline to RM1.13, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Metals and Mining industry in Malaysia. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM0.60 per share. Major Estimate Revision • Jun 03
Consensus EPS estimates fall by 40% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from RM2.66b to RM2.46b. EPS estimate also fell from RM0.29 per share to RM0.17 per share. Net income forecast to shrink 53% next year vs 4.5% growth forecast for Metals and Mining industry in Malaysia . Consensus price target down from RM2.07 to RM1.59. Share price fell 4.1% to RM1.39 over the past week. Price Target Changed • May 30
Price target decreased to RM1.59 Down from RM2.12, the current price target is an average from 2 analysts. New target price is 17% above last closing price of RM1.36. Stock is down 39% over the past year. The company is forecast to post earnings per share of RM0.17 for next year compared to RM0.45 last year. Reported Earnings • May 03
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: RM0.45 (up from RM0.18 loss in FY 2020). Revenue: RM2.40b (up 27% from FY 2020). Net income: RM242.9m (up RM342.9m from FY 2020). Profit margin: 10% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 9.3%. Earnings per share (EPS) also missed analyst estimates by 28%. Over the next year, revenue is forecast to grow 11%, compared to a 34% growth forecast for the mining industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. 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. 2 experienced directors. 6 highly experienced directors. Independent Non-Executive Director Carol Chan 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. Upcoming Dividend • Apr 21
Upcoming dividend of RM0.06 per share Eligible shareholders must have bought the stock before 28 April 2022. Payment date: 27 May 2022. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 6.2%. Within top quartile of Malaysian dividend payers (4.4%). Higher than average of industry peers (1.0%). Reported Earnings • Mar 02
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: RM0.45 (up from RM0.18 loss in FY 2020). Revenue: RM2.40b (up 27% from FY 2020). Net income: RM242.9m (up RM342.9m from FY 2020). Profit margin: 10% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 11%, compared to a 33% growth forecast for the mining industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Dec 06
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast fell from RM2.68b to RM2.64b. EPS estimate rose from RM0.47 to RM0.55. Net income forecast to shrink 8.8% next year vs 8.1% growth forecast for Metals and Mining industry in Malaysia . Consensus price target down from RM2.51 to RM2.22. Share price fell 5.4% to RM1.74 over the past week. Reported Earnings • Nov 30
Third quarter 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2021 results: EPS: RM0.13 (up from RM0.035 loss in 3Q 2020). Revenue: RM405.7m (down 28% from 3Q 2020). Net income: RM69.1m (up RM88.0m from 3Q 2020). Profit margin: 17% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Revenue exceeded analyst estimates by 6.1%. Earnings per share (EPS) also surpassed analyst estimates. Earnings per share (EPS) surpassed analyst estimates. Over the next year, revenue is forecast to grow 21%, compared to a 33% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 07
Upcoming dividend of RM0.06 per share Eligible shareholders must have bought the stock before 14 September 2021. Payment date: 14 October 2021. Trailing yield: 2.2%. Lower than top quartile of Malaysian dividend payers (4.0%). Higher than average of industry peers (0.6%). Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improved over the past week After last week's 15% share price gain to RM2.67, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Metals and Mining industry in Malaysia. Total returns to shareholders of 48% over the past three years. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS RM0.15 (vs RM0.10 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RM674.1m (up 95% from 2Q 2020). Net income: RM83.7m (up RM140.4m from 2Q 2020). Profit margin: 12% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Reported Earnings • May 30
First quarter 2021 earnings released: EPS RM0.14 (vs RM0.057 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: RM576.7m (up 29% from 1Q 2020). Net income: RM73.6m (up RM104.2m from 1Q 2020). Profit margin: 13% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 23
Full year 2020 earnings released: RM0.18 loss per share (vs RM0.17 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: RM1.89b (down 15% from FY 2019). Net loss: RM100.0m (loss widened 11% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 10
New 90-day high: RM1.81 The company is up 172% from its price of RM0.67 on 12 November 2020. The Malaysian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 48% over the same period. Is New 90 Day High Low • Dec 23
New 90-day high: RM1.43 The company is up 113% from its price of RM0.67 on 24 September 2020. The Malaysian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 55% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RM11.55 per share. Is New 90 Day High Low • Dec 07
New 90-day high: RM1.14 The company is up 70% from its price of RM0.67 on 08 September 2020. The Malaysian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 48% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RM9.07 per share. Price Target Changed • Nov 30
Price target raised to RM0.68 Up from RM0.58, the current price target is an average from 3 analysts. The new target price is 23% below the current share price of RM0.89. As of last close, the stock is down 9.2% over the past year. Reported Earnings • Nov 28
Third quarter 2020 earnings released: RM0.035 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: RM560.2m (up 11% from 3Q 2019). Net loss: RM18.9m (loss narrowed 71% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 102% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 19
New 90-day high: RM0.73 The company is up 4.0% from its price of RM0.70 on 21 August 2020. The Malaysian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RM0.10 per share. Is New 90 Day High Low • Oct 26
New 90-day low: RM0.64 The company is down 8.0% from its price of RM0.69 on 28 July 2020. The Malaysian market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RM0.10 per share.