Board Change • Jun 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. 2 highly experienced directors. CEO, MD & Director Pak Tan 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 • May 30
First quarter 2026 earnings released: RM0.007 loss per share (vs RM0.016 loss in 1Q 2025) First quarter 2026 results: RM0.007 loss per share (improved from RM0.016 loss in 1Q 2025). Revenue: RM26.2m (down 23% from 1Q 2025). Net loss: RM2.78m (loss narrowed 43% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Announcement • Apr 29
Eonmetall Group Berhad, Annual General Meeting, Jun 24, 2026 Eonmetall Group Berhad, Annual General Meeting, Jun 24, 2026, at 14:00 Singapore Standard Time. Location: meeting room, 2nd floor, lot 1258, mk 12, jalan seruling, kawasan perusahaan valdor, 14200 sungai bakap, pulau pinang, Malaysia Reported Earnings • Mar 01
Full year 2025 earnings released: RM0.14 loss per share (vs RM0.011 profit in FY 2024) Full year 2025 results: RM0.14 loss per share (down from RM0.011 profit in FY 2024). Revenue: RM142.3m (down 28% from FY 2024). Net loss: RM47.3m (down RM50.4m 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 85 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 26
Third quarter 2025 earnings released: RM0.029 loss per share (vs RM0.023 loss in 3Q 2024) Third quarter 2025 results: RM0.029 loss per share (further deteriorated from RM0.023 loss in 3Q 2024). Revenue: RM27.5m (down 32% from 3Q 2024). Net loss: RM9.49m (loss widened 48% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. New Risk • Nov 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 30% 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 Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 37% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (30% increase in shares outstanding). Market cap is less than US$100m (RM95.1m market cap, or US$22.7m). Announcement • Nov 05
Eonmetall Group Berhad has completed a Follow-on Equity Offering in the amount of MYR 19.097898 million. Eonmetall Group Berhad has completed a Follow-on Equity Offering in the amount of MYR 19.097898 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,994,717
Price\Range: MYR 0.209
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,131,230
Price\Range: MYR 0.221
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 19,760,000
Price\Range: MYR 0.21
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 19,760,000
Price\Range: MYR 0.227
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 19,760,000
Price\Range: MYR 0.188
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: MYR 0.211
Transaction Features: Subsequent Direct Listing New Risk • Aug 19
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 11% 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 Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 37% per year over the past 5 years. Minor Risk Market cap is less than US$100m (RM73.4m market cap, or US$17.4m). Reported Earnings • Aug 14
Second quarter 2025 earnings released: RM0.013 loss per share (vs RM0.003 profit in 2Q 2024) Second quarter 2025 results: RM0.013 loss per share (down from RM0.003 profit in 2Q 2024). Revenue: RM41.2m (up 16% from 2Q 2024). Net loss: RM4.11m (down RM4.81m from profit in 2Q 2024). 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 • Jun 17
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 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 23% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (RM74.6m market cap, or US$17.6m). Announcement • Jun 17
Eonmetall Group Berhad has filed a Follow-on Equity Offering in the amount of MYR 20.200714 million. Eonmetall Group Berhad has filed a Follow-on Equity Offering in the amount of MYR 20.200714 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 91,405,947
Price\Range: MYR 0.221
Transaction Features: Subsequent Direct Listing Reported Earnings • May 30
First quarter 2025 earnings released: RM1.60 loss per share (vs RM0.075 profit in 1Q 2024) First quarter 2025 results: RM1.60 loss per share (down from RM0.075 profit in 1Q 2024). Revenue: RM33.9m (down 17% from 1Q 2024). Net loss: RM4.89m (down 124% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Announcement • Apr 28
Eonmetall Group Berhad, Annual General Meeting, May 28, 2025 Eonmetall Group Berhad, Annual General Meeting, May 28, 2025, at 14:30 Singapore Standard Time. Location: meeting room, 2nd floor, lot 1258, mk 12, jalan seruling, kawasan perusahaan valdor, 14200 sungai bakap, pulau pinang, Malaysia Reported Earnings • Mar 02
Full year 2024 earnings released: EPS: RM0.011 (vs RM0.021 loss in FY 2023) Full year 2024 results: EPS: RM0.011 (up from RM0.021 loss in FY 2023). Revenue: RM197.9m (up 14% from FY 2023). Net income: RM2.98m (up RM8.83m from FY 2023). Profit margin: 1.5% (up from net loss in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Announcement • Jan 30
Eonmetall Group Berhad announced that it expects to receive MYR 24.22365 million in funding Eonmetall Group Bhd announced a private placement to issue 91,410,000 shares at an issue price of MYR 0.265 per share for the gross proceeds of MYR 24,223,650 on January 28, 2025. The transaction will include participation from third-party independent investors. The transaction is expected to close in first quarter of 2025. Reported Earnings • Nov 29
Third quarter 2024 earnings released: RM0.023 loss per share (vs RM0.001 loss in 3Q 2023) Third quarter 2024 results: RM0.023 loss per share (further deteriorated from RM0.001 loss in 3Q 2023). Revenue: RM40.6m (down 15% from 3Q 2023). Net loss: RM6.40m (loss widened RM6.16m from 3Q 2023). 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. New Risk • Nov 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 10.0% 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 (8.1% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Market cap is less than US$100m (RM92.9m market cap, or US$20.8m). Announcement • Oct 18
Eonmetall Group Berhad has completed a Follow-on Equity Offering in the amount of MYR 8.794365 million. Eonmetall Group Berhad has completed a Follow-on Equity Offering in the amount of MYR 8.794365 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 27,698,700
Price\Range: MYR 0.2891
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,698,700
Price\Range: MYR 0.2915
Transaction Features: Subsequent Direct Listing New Risk • Sep 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 280% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (RM98.3m market cap, or US$22.7m). Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: RM0.003 (vs RM0.006 loss in 2Q 2023) Second quarter 2024 results: EPS: RM0.003 (up from RM0.006 loss in 2Q 2023). Revenue: RM35.7m (down 14% from 2Q 2023). Net income: RM702.0k (up RM2.25m from 2Q 2023). Profit margin: 2.0% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses. 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 16% per year, which means it has not declined as severely as earnings. New Risk • Jun 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 215% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks High level of debt (45% net debt to equity). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.5% net profit margin). Market cap is less than US$100m (RM119.1m market cap, or US$25.3m). Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: RM0.075 (vs RM0.026 in 1Q 2023) First quarter 2024 results: EPS: RM0.075 (up from RM0.026 in 1Q 2023). Revenue: RM40.7m (down 8.4% from 1Q 2023). Net income: RM20.8m (up 186% from 1Q 2023). Profit margin: 51% (up from 16% in 1Q 2023). The increase in margin was driven by lower expenses. 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 14% per year, which means it has not declined as severely as earnings. Announcement • May 01
Eonmetall Group Berhad, Annual General Meeting, May 31, 2024 Eonmetall Group Berhad, Annual General Meeting, May 31, 2024, at 14:30 China Standard Time. Agenda: To receive the Audited Financial Statements for the financial year ended 31 December 2023 together with the Reports of Directors and Auditors thereon; to approve reelection of Directors; to approve the payment of Directors' Fees; to re-appoint BDO PLT as auditors of the Company and to authorise the Directors to fix their remuneration; to waive the pre-emptive rights under Section 85 of the Companies Act 2016; to approve the authority to issue and allot shares pursuant to Sections 75 and 76 of the Companies Act 2016; to renew the authority for the Company to purchase its own ordinary shares; and to consider other matters. Reported Earnings • Mar 02
Full year 2023 earnings released: RM0.022 loss per share (vs RM0.079 profit in FY 2022) Full year 2023 results: RM0.022 loss per share (down from RM0.079 profit in FY 2022). Revenue: RM173.4m (down 33% from FY 2022). Net loss: RM6.16m (down 131% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 28% 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. Reported Earnings • Nov 18
Third quarter 2023 earnings released: EPS: RM0 (vs RM0.022 in 3Q 2022) Third quarter 2023 results: EPS: RM0 (down from RM0.022 in 3Q 2022). Revenue: RM47.6m (down 32% from 3Q 2022). Net loss: RM244.0k (down 104% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year and the company’s share price has also fallen by 6% per year. Reported Earnings • Aug 26
Second quarter 2023 earnings released: RM0.005 loss per share (vs RM0.047 profit in 2Q 2022) Second quarter 2023 results: RM0.005 loss per share (down from RM0.047 profit in 2Q 2022). Revenue: RM41.6m (down 48% from 2Q 2022). Net loss: RM1.55m (down 112% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. New Risk • Jun 09
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 74% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.9% net profit margin). Market cap is less than US$100m (RM152.1m market cap, or US$33.0m). Announcement • Jun 02
Eonmetall Group Berhad Announces Redesignation of Wahab Bin Hamid from Independent Director to Non-Independent Director Eonmetall Group Berhad announced redesignation of Wahab Bin Hamid from Independent Director to Non-Independent Director. his age is 70 and nationality is Malaysia. Date of change is 01 June 2023. Reported Earnings • Jun 01
First quarter 2023 earnings released: EPS: RM0.026 (vs RM0.055 in 1Q 2022) First quarter 2023 results: EPS: RM0.026 (down from RM0.055 in 1Q 2022). Revenue: RM44.4m (down 37% from 1Q 2022). Net income: RM7.29m (down 35% from 1Q 2022). Profit margin: 16% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 25
Full year 2022 earnings released: EPS: RM0.072 (vs RM0.12 in FY 2021) Full year 2022 results: EPS: RM0.072 (down from RM0.12 in FY 2021). Revenue: RM270.4m (up 25% from FY 2021). Net income: RM17.9m (down 26% from FY 2021). Profit margin: 6.6% (down from 11% 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 60% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 09
Upcoming dividend of RM0.013 per share Eligible shareholders must have bought the stock before 16 December 2022. Payment date: 30 December 2022. Payout ratio is a comfortable 8.1% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of Malaysian dividend payers (5.0%). Higher than average of industry peers (1.7%). Reported Earnings • Dec 03
Third quarter 2022 earnings released: EPS: RM0.022 (vs RM0.023 in 3Q 2021) Third quarter 2022 results: EPS: RM0.022. Revenue: RM70.1m (up 37% from 3Q 2021). Net income: RM6.12m (up 29% from 3Q 2021). Profit margin: 8.7% (down from 9.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 25
Second quarter 2022 earnings released: EPS: RM0.047 (vs RM0.035 in 2Q 2021) Second quarter 2022 results: EPS: RM0.047 (up from RM0.035 in 2Q 2021). Revenue: RM79.6m (up 115% from 2Q 2021). Net income: RM12.8m (up 78% from 2Q 2021). Profit margin: 16% (down from 19% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Aug 10
Medical Spring Sdn. Bhd., Elogistic Sdn. Bhd., Envy Venture Sdn. Bhd., E Metall Systems Sdn Bhd agreed to acquire 51% stake in Lienteh Technology Sdn. Bhd. from Eonmetall Group Berhad (KLSE:EMETALL) for MYR 35.7 million. Medical Spring Sdn. Bhd., Elogistic Sdn. Bhd., Envy Venture Sdn. Bhd., E Metall Systems Sdn Bhd agreed to acquire 51% stake in Lienteh Technology Sdn. Bhd. from Eonmetall Group Berhad (KLSE:EMETALL) for MYR 35.7 million on August 8, 2022. The Disposal Consideration shall be satisfied in cash by the Completion Date. The Disposal Consideration of MYR35.7 million is intended to be used for Expansion of manufacturing facilities, Repayment of borrowings, Working capital and Estimated expenses for the Proposals. The audited PAT of Lienteh of MYR0.25 million for the FYE 31 December 2021. Reported Earnings • Jun 01
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: RM0.055 (up from RM0.031 in 1Q 2021). Revenue: RM70.6m (up 25% from 1Q 2021). Net income: RM11.2m (up 77% from 1Q 2021). Profit margin: 16% (up from 11% in 1Q 2021). Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 40%. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • May 31
Eonmetall Group Berhad Appoints Dato' Mohammad Radhi Abdul Razak as Independent and Non Executive Director Eonmetall Group Berhad announced the appointment of DATO' MOHAMMAD RADHI ABDUL RAZAK as Independent and Non Executive Director. In 1992, Dato' Mohammad Radhi Abdul Razak was appointed as the Assistant Director of the Tax Analysis Division in the Ministry of Finance and he was appointed as a Director in the Anti-Dumping Division in 2001. Subsequently, he was a Director in the Sectoral Policy Division (Iron & Steel) of the Ministry of International Trade & Industry. In 2015, he joined the Economy Planning Unit, Ministry of Economic Affairs as Deputy Director and was promoted to Director of Development Budget in 2019. Since 2020, he is the Deputy Secretary General (Policy & Monitoring) of the Ministry of Entrepreneur Development & Cooperatives. Masters Master in Development Finance Hiroshima University, Japan. Degree Bachelor in Economics (Hons.) University Malaya, Kuala Lumpur. Announcement • May 02
Eonmetall Group Berhad, Annual General Meeting, May 30, 2022 Eonmetall Group Berhad, Annual General Meeting, May 30, 2022, at 15:00 Singapore Standard Time. Location: 2nd floor, Wisma leader Steel, plot 85, Lorong Perusahaan Utama Kawasan Perusahaan Bukit Tengah, 14000 Bukit Tengah, Seberang Perai Tengah, Penang Malaysia Agenda: To consider receiving the audited financial Statements for the financial year ended 31 December 2021 together with the reports of Directors and auditors thereon; to consider re-electing the retiring Directors; to consider approving the payment of Directors' fees of the Group; to consider the payment of benefit payable to the Directors; to consider re-appointing BDO plt as auditors of the company and to authorize the Directors to fix their remuneration; and to consider similar matters. Reported Earnings • Feb 27
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: RM0.12 (up from RM0.018 in FY 2020). Revenue: RM216.9m (up 60% from FY 2020). Net income: RM24.1m (up RM20.6m from FY 2020). Profit margin: 11% (up from 2.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 40%. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 26
Third quarter 2021 earnings: EPS and revenues miss analyst expectations Third quarter 2021 results: EPS: RM0.023 (up from RM0.014 in 3Q 2020). Revenue: RM51.0m (up 11% from 3Q 2020). Net income: RM4.74m (up 74% from 3Q 2020). Profit margin: 9.3% (up from 5.9% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 40%. Earnings per share (EPS) missed analyst estimates by 40%. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 22
First quarter 2021 earnings released: EPS RM0.031 (vs RM0.007 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: RM56.5m (up 163% from 1Q 2020). Net income: RM6.35m (up 399% from 1Q 2020). Profit margin: 11% (up from 5.9% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Upcoming Dividend • May 17
Upcoming dividend of RM0.015 per share Eligible shareholders must have bought the stock before 24 May 2021. Payment date: 18 June 2021. Trailing yield: 2.3%. Lower than top quartile of Malaysian dividend payers (4.0%). Higher than average of industry peers (0.6%). Announcement • May 08
Eonmetall Group Berhad Announces Interim Dividend for the Financial Year End December 31, 2020, Payable on June 18, 2021 Eonmetall Group Berhad announced interim dividend of 1.5 sen per ordinary share for the financial year end December 31, 2020. For the dividend ex-date is May 24, 2021 and entitlement date is May 25, 2021 and payment date is June 18, 2021. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS RM0.019 (vs RM0.018 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: RM135.8m (up 12% from FY 2019). Net income: RM3.62m (up 6.5% from FY 2019). Profit margin: 2.7% (down from 2.8% 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 57% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Nov 28
Third quarter 2020 earnings released: EPS RM0.014 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: RM46.0m (up 138% from 3Q 2019). Net income: RM2.73m (up RM6.47m from 3Q 2019). Profit margin: 5.9% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 65% 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. Announcement • Nov 25
Eonmetall in Talks to Acquire 51% Stake in Glove Maker Eonmetall Group Bhd, which was slapped with an unusual market activity (UMA) query by Bursa Malaysia November 23, 2020, said it is in talks to acquire a glove manufacturer. "The company is currently in negotiation/discussion to purchase an equity interest of 51% in a company, of which its intended principal activity is in the production of medical grade (nitrile) gloves and non-medical grade gloves. "The purchase consideration for the proposed acquisition is envisaged to be satisfied via issuance of new shares in Eonmetall Group," the group said in a filing. It added that a memorandum of understanding is expected to be executed between the parties. "Thereafter, the parties will negotiate to formalise the detailed terms and conditions to the proposed acquisition," said Eonmetall. Is New 90 Day High Low • Nov 09
New 90-day high: RM0.56 The company is up 62% from its price of RM0.34 on 11 August 2020. The Malaysian market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 13% over the same period. Is New 90 Day High Low • Oct 20
New 90-day high: RM0.47 The company is up 82% from its price of RM0.26 on 22 July 2020. The Malaysian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 11% over the same period. Announcement • Oct 02
Eonmetall Group Berhad Announces Retirement of Tan Sri Dato' Soong Siew Hoong as Independent and Non Executive Director Eonmetall Group Berhad announced the retirement of Tan Sri Dato' Soong Siew Hoong as Independent and Non Executive Director. Date of change is October 1, 2020.