Announcement • May 30
Batu Kawan Berhad (KLSE:BKAWAN) completed the acquisition of 3.3% stake in MKH Oil Palm (East Kalimantan) Berhad (KLSE:MKHOP) from Chen Choy & Sons Realty Sdn Bhd for MYR 21.8 million. Batu Kawan Berhad (KLSE:BKAWAN) entered into an Unconditional share sale agreements to acquire 3.3% stake in MKH Oil Palm (East Kalimantan) Berhad (KLSE:MKHOP) from Chen Choy & Sons Realty Sdn Bhd for MYR 21.9 million on May 20, 2026. A cash consideration of MYR 21.9 million valued at MYR 0.6478 per share will be paid by Batu Kawan Berhad. As part of consideration, MYR 21.9 million is paid towards common equity of MKH Oil Palm (East Kalimantan) Berhad. In a related transaction, Batu Kawan Berhad entered into an Unconditional share sale agreements to acquire 29.60% stake in MKH Berhad (KLSE:MKH) from Chen Choy & Sons Realty Sdn Bhd for MYR 340 million. Concurrently, Batu Kawan Berhad entered into a Conditional share sale agreements to acquire 18.10% stake in MKH Berhad (KLSE:MKH) from a group of shareholders for approximately MYR 210 million. As at the date of the MKH Conditional SSA, MKH and its subsidiaries (“MKH Group”) collectively hold 65.3% of the voting shares in MKHOP. Upon the Proposed Mandatory Take-over Offer (MO) becoming unconditional as to acceptances, the Offeror will be obliged to undertake the MO for all the remaining voting shares in MKHOP not already owned by the Offeror, the Ultimate Offeror and the PACs as MKHOP constitutes a significant downstream company of MKH.
The SSAs for the Acquisitions are not subject to any conditions precedent and are unconditional as at the date. The Acquisitions will be effected by way of direct business transactions which will take place within 30 days from the date of the Acquisitions SSAs.
Maybank Investment Bank Berhad acted as financial advisor for Batu Kawan Berhad.
Batu Kawan Berhad (KLSE:BKAWAN) completed the acquisition of 3.3% stake in MKH Oil Palm (East Kalimantan) Berhad (KLSE:MKHOP) from Chen Choy & Sons Realty Sdn Bhd for MYR 21.8 million on May 20, 2026. As part of consideration Batu Kawan Berhad paid MYR 0.648 per MKH Oil Palm (East Kalimantan) Berhad, since the offer price per share has been revised. Announcement • May 21
Batu Kawan Berhad (KLSE:BKAWAN) entered into an Unconditional share sale agreements to acquire 3.3% stake in MKH Oil Palm (East Kalimantan) Berhad (KLSE:MKHOP) from Chen Choy & Sons Realty Sdn Bhd for MYR 21.9 million. Batu Kawan Berhad (KLSE:BKAWAN) entered into an Unconditional share sale agreements to acquire 3.3% stake in MKH Oil Palm (East Kalimantan) Berhad (KLSE:MKHOP) from Chen Choy & Sons Realty Sdn Bhd for MYR 21.9 million on May 20, 2026. A cash consideration of MYR 21.9 million valued at MYR 0.6478 per share will be paid by Batu Kawan Berhad. As part of consideration, MYR 21.9 million is paid towards common equity of MKH Oil Palm (East Kalimantan) Berhad. In a related transaction, Batu Kawan Berhad entered into an Unconditional share sale agreements to acquire 29.60% stake in MKH Berhad (KLSE:MKH) from Chen Choy & Sons Realty Sdn Bhd for MYR 340 million. Concurrently, Batu Kawan Berhad entered into a Conditional share sale agreements to acquire 18.10% stake in MKH Berhad (KLSE:MKH) from a group of shareholders for approximately MYR 210 million. As at the date of the MKH Conditional SSA, MKH and its subsidiaries (“MKH Group”) collectively hold 65.3% of the voting shares in MKHOP. Upon the Proposed Mandatory Take-over Offer (MO) becoming unconditional as to acceptances, the Offeror will be obliged to undertake the MO for all the remaining voting shares in MKHOP not already owned by the Offeror, the Ultimate Offeror and the PACs as MKHOP constitutes a significant downstream company of MKH.
The SSAs for the Acquisitions are not subject to any conditions precedent and are unconditional as at the date. The Acquisitions will be effected by way of direct business transactions which will take place within 30 days from the date of the Acquisitions SSAs.
Maybank Investment Bank Berhad acted as financial advisor for Batu Kawan Berhad. Declared Dividend • May 20
First half dividend of RM0.20 announced Shareholders will receive a dividend of RM0.20. Ex-date: 9th July 2026 Payment date: 30th July 2026 Dividend yield will be 3.4%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 3.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 50% to shift the payout ratio to a potentially unsustainable range, which is more than the 3.9% EPS decline seen over the last 5 years. Reported Earnings • May 19
Second quarter 2026 earnings released: EPS: RM0.42 (vs RM0.23 in 2Q 2025) Second quarter 2026 results: EPS: RM0.42 (up from RM0.23 in 2Q 2025). Revenue: RM6.72b (up 3.2% from 2Q 2025). Net income: RM164.8m (up 88% from 2Q 2025). Profit margin: 2.5% (up from 1.4% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 26
First quarter 2026 earnings released: EPS: RM0.47 (vs RM0.33 in 1Q 2025) First quarter 2026 results: EPS: RM0.47 (up from RM0.33 in 1Q 2025). Revenue: RM6.51b (up 6.3% from 1Q 2025). Net income: RM182.4m (up 43% from 1Q 2025). Profit margin: 2.8% (up from 2.1% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jan 22
Upcoming dividend of RM0.50 per share Eligible shareholders must have bought the stock before 29 January 2026. Payment date: 12 February 2026. Payout ratio is a comfortable 58% and the cash payout ratio is 79%. Trailing yield: 3.5%. Lower than top quartile of Malaysian dividend payers (5.5%). In line with average of industry peers (3.5%). Reported Earnings • Jan 06
Full year 2025 earnings released: EPS: RM1.20 (vs RM0.76 in FY 2024) Full year 2025 results: EPS: RM1.20 (up from RM0.76 in FY 2024). Revenue: RM25.7b (up 12% from FY 2024). Net income: RM467.8m (up 56% from FY 2024). Profit margin: 1.8% (up from 1.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 46% 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 • Dec 30
Batu Kawan Berhad, Annual General Meeting, Feb 25, 2026 Batu Kawan Berhad, Annual General Meeting, Feb 25, 2026, at 14:15 Singapore Standard Time. Location: conference hall, ground floor, wisma taiko, no. 1, jalan s.p. seenivasagam, 30000 ipoh, perak darul ridzuan, Malaysia Reported Earnings • Nov 27
Full year 2025 earnings released: EPS: RM1.20 (vs RM0.76 in FY 2024) Full year 2025 results: EPS: RM1.20 (up from RM0.76 in FY 2024). Revenue: RM25.7b (up 12% from FY 2024). Net income: RM467.8m (up 56% from FY 2024). Profit margin: 1.8% (up from 1.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 29
Third quarter 2025 earnings released: EPS: RM0.47 (vs RM0.33 in 3Q 2024) Third quarter 2025 results: EPS: RM0.47 (up from RM0.33 in 3Q 2024). Revenue: RM6.61b (up 16% from 3Q 2024). Net income: RM182.9m (up 40% from 3Q 2024). Profit margin: 2.8% (up from 2.3% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Jul 10
Batu Kawan Berhad Announces Retirement of Yap Miow Kien as Joint Secretary, Effective July 8, 2025 Batu Kawan Berhad announced retirement of Ms Yap Miow Kien as Joint Secretary. Date Of Change is July 8, 2025. Upcoming Dividend • Jul 02
Upcoming dividend of RM0.20 per share Eligible shareholders must have bought the stock before 09 July 2025. Payment date: 31 July 2025. Payout ratio is a comfortable 74% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Malaysian dividend payers (5.6%). In line with average of industry peers (3.4%). Declared Dividend • May 24
First half dividend of RM0.20 announced Dividend of RM0.20 is the same as last year. Ex-date: 9th July 2025 Payment date: 31st July 2025 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (74% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Earnings per share has grown by 3.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 24
Batu Kawan Berhad Announces Interim Single Tier Dividend, Payable on 31 July 2025 Batu Kawan Berhad announced Interim single tier dividend of 20 sen per share. The above Company's securities will be traded and quoted "Ex - Dividend” as from: 09 July 2025. The last date of lodgment: 10 July 2025
Date Payable: 31 July 2025. Reported Earnings • May 23
Second quarter 2025 earnings released: EPS: RM0.23 (vs RM0.21 in 2Q 2024) Second quarter 2025 results: EPS: RM0.23 (up from RM0.21 in 2Q 2024). Revenue: RM6.51b (up 15% from 2Q 2024). Net income: RM87.9m (up 3.7% from 2Q 2024). Profit margin: 1.4% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Keat Yeoh was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 02
First quarter 2025 earnings released: EPS: RM0.33 (vs RM0.28 in 1Q 2024) First quarter 2025 results: EPS: RM0.33 (up from RM0.28 in 1Q 2024). Revenue: RM6.12b (up 5.0% from 1Q 2024). Net income: RM127.6m (up 14% from 1Q 2024). Profit margin: 2.1% (up from 1.9% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 55% 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. Upcoming Dividend • Feb 11
Upcoming dividend of RM0.40 per share Eligible shareholders must have bought the stock before 18 February 2025. Payment date: 26 February 2025. Payout ratio is on the higher end at 79%, and the cash payout ratio is above 100%. Trailing yield: 3.0%. Lower than top quartile of Malaysian dividend payers (5.2%). In line with average of industry peers (3.2%). Reported Earnings • Jan 04
Full year 2024 earnings released: EPS: RM0.76 (vs RM1.25 in FY 2023) Full year 2024 results: EPS: RM0.76 (down from RM1.25 in FY 2023). Revenue: RM23.1b (down 6.5% from FY 2023). Net income: RM298.9m (down 39% from FY 2023). Profit margin: 1.3% (down from 2.0% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Dec 30
Batu Kawan Berhad, Annual General Meeting, Feb 28, 2025 Batu Kawan Berhad, Annual General Meeting, Feb 28, 2025, at 14:15 Singapore Standard Time. Location: conference hall, ground floor, wisma taiko, no. 1, jalan s.p. seenivasagam, 30000 ipoh, perak, darul ridzuan, Malaysia Declared Dividend • Dec 13
Final dividend of RM0.40 announced Dividend of RM0.40 is the same as last year. Ex-date: 18th February 2025 Payment date: 26th February 2025 Dividend yield will be 3.0%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but not covered by cash flows (135% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 31% to shift the payout ratio to a potentially unsustainable range, which is more than the 3.5% EPS decline seen over the last 5 years. Reported Earnings • Nov 27
Full year 2024 earnings released: EPS: RM0.76 (vs RM1.25 in FY 2023) Full year 2024 results: EPS: RM0.76 (down from RM1.25 in FY 2023). Revenue: RM23.1b (down 6.5% from FY 2023). Net income: RM298.9m (down 39% from FY 2023). Profit margin: 1.3% (down from 2.0% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 20
Third quarter 2024 earnings released: EPS: RM0.33 (vs RM0.21 in 3Q 2023) Third quarter 2024 results: EPS: RM0.33 (up from RM0.21 in 3Q 2023). Revenue: RM5.68b (up 6.2% from 3Q 2023). Net income: RM131.0m (up 58% from 3Q 2023). Profit margin: 2.3% (up from 1.5% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 28
Upcoming dividend of RM0.20 per share Eligible shareholders must have bought the stock before 05 July 2024. Payment date: 01 August 2024. Payout ratio is a comfortable 71% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Malaysian dividend payers (4.6%). Higher than average of industry peers (1.9%). Reported Earnings • May 21
Second quarter 2024 earnings released: EPS: RM0.21 (vs RM0.30 in 2Q 2023) Second quarter 2024 results: EPS: RM0.21 (down from RM0.30 in 2Q 2023). Revenue: RM5.66b (down 10% from 2Q 2023). Net income: RM84.7m (down 29% from 2Q 2023). Profit margin: 1.5% (down from 1.9% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent & Non Executive Director Susan Yuen was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 21
First quarter 2024 earnings released: EPS: RM0.28 (vs RM0.60 in 1Q 2023) First quarter 2024 results: EPS: RM0.28 (down from RM0.60 in 1Q 2023). Revenue: RM5.83b (down 17% from 1Q 2023). Net income: RM111.7m (down 53% from 1Q 2023). Profit margin: 1.9% (down from 3.4% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Upcoming Dividend • Feb 09
Upcoming dividend of RM0.40 per share at 2.9% yield Eligible shareholders must have bought the stock before 16 February 2024. Payment date: 28 February 2024. Payout ratio is a comfortable 48% and the cash payout ratio is 86%. Trailing yield: 2.9%. Lower than top quartile of Malaysian dividend payers (4.9%). In line with average of industry peers (3.2%). Announcement • Dec 29
Batu Kawan Berhad, Annual General Meeting, Feb 21, 2024 Batu Kawan Berhad, Annual General Meeting, Feb 21, 2024, at 15:00 China Standard Time. Location: Conference Room, Ground Floor, Wisma Taiko, No. 1, Jalan S.P. Seenivasagam Perak Darul Ridzuan Ipoh Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 30 September 2023 and the Directors' and Auditors' Reports thereon; to consider directorate reelections; to approve the payment of Directors' benefits (other than Directors' fees) for the period from this Fifty-Ninth Annual General Meeting to the Sixtieth Annual General Meeting of the Company to be held in 2025; to re-appoint BDO PLT as External Auditors of the Company for the financial year ending 30 September 2024 and to authorize the Board of Directors to fix their remuneration; and to consider other matters. Announcement • Dec 09
Batu Kawan Berhad Announces Final Single Tier Dividend for the Financial Year Ended September 30, 2023, Payable on 28 February 2024 Batu Kawan Berhad announced final single tier dividend of 40 sen per share for the financial year ended September 30, 2023. Ex-Date is 16 February 2024. Payment Date is 28 February 2024. Entitlement date is 19 February 2024. Reported Earnings • Nov 23
Full year 2023 earnings released: EPS: RM1.25 (vs RM2.98 in FY 2022) Full year 2023 results: EPS: RM1.25 (down from RM2.98 in FY 2022). Revenue: RM24.7b (down 13% from FY 2022). Net income: RM490.9m (down 58% from FY 2022). Profit margin: 2.0% (down from 4.2% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year and the company’s share price has also increased by 6% per year. Reported Earnings • Aug 25
Third quarter 2023 earnings released: EPS: RM0.21 (vs RM0.77 in 3Q 2022) Third quarter 2023 results: EPS: RM0.21 (down from RM0.77 in 3Q 2022). Revenue: RM5.35b (down 26% from 3Q 2022). Net income: RM82.8m (down 73% from 3Q 2022). Profit margin: 1.5% (down from 4.2% in 3Q 2022). The decrease in margin was driven by lower revenue. 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 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 03
Upcoming dividend of RM0.20 per share at 5.3% yield Eligible shareholders must have bought the stock before 10 July 2023. Payment date: 03 August 2023. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Malaysian dividend payers (5.4%). Lower than average of industry peers (6.3%). Announcement • May 25
Batu Kawan Berhad Announces Interim Single Tier Dividend for 2022, Payable on August 3, 2023 Batu Kawan Berhad announces Interim single tier dividend for 20 sen per share for 2022. Ex-Date 10 July 2023, Entitlement date 11 July 2023 and Payment Date 03 August 2023. Reported Earnings • May 25
Second quarter 2023 earnings released: EPS: RM0.30 (vs RM0.80 in 2Q 2022) Second quarter 2023 results: EPS: RM0.30 (down from RM0.80 in 2Q 2022). Revenue: RM6.31b (down 5.2% from 2Q 2022). Net income: RM120.1m (down 62% from 2Q 2022). Profit margin: 1.9% (down from 4.8% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 35% 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 • Feb 23
First quarter 2023 earnings released: EPS: RM0.60 (vs RM0.84 in 1Q 2022) First quarter 2023 results: EPS: RM0.60 (down from RM0.84 in 1Q 2022). Revenue: RM6.99b (down 1.6% from 1Q 2022). Net income: RM235.3m (down 29% from 1Q 2022). Profit margin: 3.4% (down from 4.7% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 10
Upcoming dividend of RM0.90 per share at 4.8% yield Eligible shareholders must have bought the stock before 17 February 2023. Payment date: 02 March 2023. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Malaysian dividend payers (5.0%). Lower than average of industry peers (5.8%). Reported Earnings • Dec 31
Full year 2022 earnings released: EPS: RM2.98 (vs RM2.90 in FY 2021) Full year 2022 results: EPS: RM2.98 (up from RM2.90 in FY 2021). Revenue: RM28.2b (up 36% from FY 2021). Net income: RM1.17b (up 2.4% from FY 2021). Profit margin: 4.2% (down from 5.5% in FY 2021). The decrease in margin was driven by higher expenses. 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 8% per year, which means it is significantly lagging earnings growth. Announcement • Dec 30
Batu Kawan Berhad, Annual General Meeting, Feb 23, 2023 Batu Kawan Berhad, Annual General Meeting, Feb 23, 2023, at 14:15 Singapore Standard Time. Location: Conference Room, Ground Floor Wisma Taiko, No. 1, Jalan S.P. Seenivasagam, 30000 Ipoh, Perak Darul Ridzuan Ipoh Malaysia Agenda: To receive the audited financial statements for the financial year ended 30 September 2022 and the Directors and Auditors Reports thereon; to approve the payment of Directors' fees to the Non-Executive Directors for the financial year ended 30 September 2022; to approve the payment of Directors' benefits (other than Directors' fees) for the period from this 58th AGM to the Fifty-Ninth Annual General Meeting of the company to be held in 2024; to consider board changes; to re-appoint Messrs BDO PLT as Auditors of the company for the financial year ending 30 September 2023 and to authorize the Board of Directors to fix their remuneration; and to consider other matters. Announcement • Dec 10
Batu Kawan Berhad Announces Final Single Tier Dividend for the Year Ended September 30, 2022, Payable on March 2, 2023 Batu Kawan Berhad announced final single tier dividend of 90 sen per share for the year ended September 30, 2022. Ex-Date is 17 February 2023, Entitlement date is February 20, 2023 and Payment Date is March 2, 2023. Reported Earnings • Nov 24
Full year 2022 earnings released: EPS: RM2.98 (vs RM2.90 in FY 2021) Full year 2022 results: EPS: RM2.98 (up from RM2.90 in FY 2021). Revenue: RM28.2b (up 36% from FY 2021). Net income: RM1.17b (up 2.4% from FY 2021). Profit margin: 4.2% (down from 5.5% in FY 2021). The decrease in margin was driven by higher expenses. 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 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 19
Third quarter 2022 earnings released: EPS: RM0.77 (vs RM0.97 in 3Q 2021) Third quarter 2022 results: EPS: RM0.77 (down from RM0.97 in 3Q 2021). Revenue: RM7.25b (up 34% from 3Q 2021). Net income: RM304.3m (down 21% from 3Q 2021). Profit margin: 4.2% (down from 7.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Aug 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be RM28.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 55%. Upcoming Dividend • Jul 01
Upcoming dividend of RM0.20 per share Eligible shareholders must have bought the stock before 08 July 2022. Payment date: 04 August 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Malaysian dividend payers (4.9%). In line with average of industry peers (5.1%). Buying Opportunity • Jun 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.5%. The fair value is estimated to be RM30.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 55%. Announcement • May 25
Batu Kawan Berhad Announces Interim Single Tier Dividend for the Financial Year Ending September 30, 2022, Payable on August 4, 2022 Batu Kawan Berhad announced interim single tier dividend of 20 sen per share for the financial year ending September 30, 2022, payable on August 4, 2022. Entitlement date is July 12, 2022. Ex-date is July 8, 2022. Reported Earnings • May 25
Second quarter 2022 earnings released: EPS: RM0.80 (vs RM0.66 in 2Q 2021) Second quarter 2022 results: EPS: RM0.80 (up from RM0.66 in 2Q 2021). Revenue: RM6.65b (up 41% from 2Q 2021). Net income: RM316.5m (up 21% from 2Q 2021). Profit margin: 4.8% (down from 5.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Mar 03
Batu Kawan Berhad Appoints Susan Yuen Su Min as Independent Director Batu Kawan Berhad appointed Madam Susan Yuen Su Min as Independent and Non Executive Director, effective March 1, 2022. Reported Earnings • Feb 17
First quarter 2022 earnings: EPS in line with expectations, revenues disappoint First quarter 2022 results: EPS: RM0.84 (up from RM0.48 in 1Q 2021). Revenue: RM7.10b (up 60% from 1Q 2021). Net income: RM330.7m (up 73% from 1Q 2021). Profit margin: 4.7% (up from 4.3% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.5%. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 11
Upcoming dividend of RM0.90 per share Eligible shareholders must have bought the stock before 18 February 2022. Payment date: 03 March 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 4.4%. Within top quartile of Malaysian dividend payers (4.3%). Higher than average of industry peers (3.2%). Reported Earnings • Jan 02
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: RM2.90 (up from RM1.05 in FY 2020). Revenue: RM20.7b (up 29% from FY 2020). Net income: RM1.15b (up 175% from FY 2020). Profit margin: 5.5% (up from 2.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.5%. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 24
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: RM2.90 (up from RM1.05 in FY 2020). Revenue: RM20.7b (up 29% from FY 2020). Net income: RM1.15b (up 175% from FY 2020). Profit margin: 5.5% (up from 2.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.5%. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.