Reported Earnings • Apr 23
Full year 2025 earnings released: EPS: RM0.016 (vs RM0.015 in FY 2024) Full year 2025 results: EPS: RM0.016 (up from RM0.015 in FY 2024). Revenue: RM875.4m (down 4.7% from FY 2024). Net income: RM61.4m (up 3.5% from FY 2024). Profit margin: 7.0% (up from 6.5% in FY 2024). 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 whereas the company’s share price has increased by 5% per year. Announcement • Apr 16
Hextar Global Berhad, Annual General Meeting, May 18, 2026 Hextar Global Berhad, Annual General Meeting, May 18, 2026, at 10:00 Singapore Standard Time. Location: hextar hall, level 17, hextar tower, hextar world empire city, no. 8, jalan pju 8, damansara perdana, 47820 petaling jaya, selangor darul ehsan, Malaysia Reported Earnings • Feb 27
Full year 2025 earnings released: EPS: RM0.016 (vs RM0.015 in FY 2024) Full year 2025 results: EPS: RM0.016 (up from RM0.015 in FY 2024). Revenue: RM874.7m (down 4.7% from FY 2024). Net income: RM61.4m (up 3.5% from FY 2024). Profit margin: 7.0% (up from 6.5% in FY 2024). 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 whereas the company’s share price has increased by 6% per year. Board Change • Dec 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. 1 experienced director. 4 highly experienced directors. Executive Director Rayburn Bin Ali 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 • Nov 18
Third quarter 2025 earnings released: EPS: RM0.004 (vs RM0.005 in 3Q 2024) Third quarter 2025 results: EPS: RM0.004 (down from RM0.005 in 3Q 2024). Revenue: RM232.1m (down 8.2% from 3Q 2024). Net income: RM15.9m (down 20% from 3Q 2024). Profit margin: 6.8% (down from 7.8% in 3Q 2024). 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. Declared Dividend • Aug 27
First half dividend of RM0.005 announced Shareholders will receive a dividend of RM0.005. Ex-date: 11th September 2025 Payment date: 3rd October 2025 Dividend yield will be 1.5%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (88% earnings payout ratio) but not covered by cash flows (120% cash payout ratio). The dividend has increased by an average of 1.2% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 20% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 26
Second quarter 2025 earnings released: EPS: RM0.004 (vs RM0.005 in 2Q 2024) Second quarter 2025 results: EPS: RM0.004 (down from RM0.005 in 2Q 2024). Revenue: RM177.5m (down 17% from 2Q 2024). Net income: RM15.9m (down 17% from 2Q 2024). Profit margin: 9.0% (in line with 2Q 2024). Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Chemicals industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 06
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: RM0.015 (up from RM0.014 in FY 2023). Revenue: RM918.3m (up 37% from FY 2023). Net income: RM59.4m (up 8.5% from FY 2023). Profit margin: 6.5% (down from 8.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Chemicals industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 29
Hextar Global Berhad, Annual General Meeting, May 30, 2025 Hextar Global Berhad, Annual General Meeting, May 30, 2025, at 10:00 Singapore Standard Time. Location: hextar global berhad`s corporate office, level 17 hextar tower, empire city, jalan pju 8/1, damansara perdana, selangor darul ehsan, 47820 petaling jaya, Malaysia Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: RM0.015 (vs RM0.014 in FY 2023) Full year 2024 results: EPS: RM0.015 (up from RM0.014 in FY 2023). Revenue: RM918.3m (up 37% from FY 2023). Net income: RM59.1m (up 8.1% from FY 2023). Profit margin: 6.4% (down from 8.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 1.9% p.a. on average during the next 2 years, while revenues in the Chemicals industry in Malaysia are expected to grow by 3.9%. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 20
Third quarter 2024 earnings released: EPS: RM0.005 (vs RM0.004 in 3Q 2023) Third quarter 2024 results: EPS: RM0.005 (up from RM0.004 in 3Q 2023). Revenue: RM253.0m (up 38% from 3Q 2023). Net income: RM19.7m (up 28% from 3Q 2023). Profit margin: 7.8% (down from 8.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Chemicals industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 21
Hextar Global Berhad Announces First Interim Single-Tier Dividend for the Financial Year Ending 31 December 2024, Payable on 4 October 2024 Hextar Global Berhad announced first interim single-tier dividend of 0.5 sen per ordinary share amounting to approximately MYR 19.4 million in respect of the financial year ending 31 December 2024. Ex-date is 17 September 2024. Entitlement date is 18 September 2024. Payment date is 4 October 2024. Reported Earnings • Aug 20
Second quarter 2024 earnings released: EPS: RM0.005 (vs RM0.002 in 2Q 2023) Second quarter 2024 results: EPS: RM0.005 (up from RM0.002 in 2Q 2023). Revenue: RM213.0m (up 60% from 2Q 2023). Net income: RM19.2m (up 108% from 2Q 2023). Profit margin: 9.0% (up from 6.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Chemicals industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 25
First quarter 2024 earnings released: EPS: RM0.003 (vs RM0.003 in 1Q 2023) First quarter 2024 results: EPS: RM0.003 (in line with 1Q 2023). Revenue: RM232.3m (up 67% from 1Q 2023). Net income: RM16.1m (up 60% from 1Q 2023). Profit margin: 6.9% (down from 7.3% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Chemicals industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • May 03
Consensus revenue estimates increase by 10% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from RM675.7m to RM743.9m. EPS estimate unchanged from RM0.02 at last update. Chemicals industry in Malaysia expected to see average net income growth of 30% next year. Consensus price target of RM0.84 unchanged from last update. Share price rose 2.8% to RM0.92 over the past week. Reported Earnings • Apr 21
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: RM0.014 (in line with FY 2022). Revenue: RM669.0m (up 13% from FY 2022). Net income: RM54.7m (up 2.3% from FY 2022). Profit margin: 8.2% (down from 9.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Chemicals industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 19
Hextar Global Berhad, Annual General Meeting, May 20, 2024 Hextar Global Berhad, Annual General Meeting, May 20, 2024, at 10:00 Singapore Standard Time. Location: Hextar Global Berhad's Corporate Office Level 3, No. 64, Jalan Bayu Laut 4/KS09, Kota Bayuemas Klang Selangor Malaysia Agenda: To receive the audited financial statements for the financial year ended 31 December 2023 together with the reports of the directors and auditors thereon; to re-elect the directors; to approve the payment of directors' fees to the following directors for the financial year ending 31 December 2024; to approve the payment of directors' benefits of up to MYR 100,000.00 from the date of the forthcoming 33rd annual general meeting until the next annual general meeting of the company; to re-appoint crowed Malaysia PLT as auditors of the company for the ensuing year and to authorize the board of directors to fix their remuneration; to consider the proposed renewal of authority to issue and allot shares pursuant to sections and 76 of The companies ACT, 2016; to consider the renewal of authority for share buy-back; to consider the renewal and new shareholders' mandates for recurrent related part transactions of a revenue or trading nature; and to transact any other business of the Company. Upcoming Dividend • Mar 11
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 18 March 2024. Payment date: 05 April 2024. Payout ratio is a comfortable 67% and the cash payout ratio is 90%. Trailing yield: 1.2%. Lower than top quartile of Malaysian dividend payers (4.8%). Lower than average of industry peers (1.7%). Price Target Changed • Feb 28
Price target increased by 25% to RM0.84 Up from RM0.68, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of RM0.89. Stock is up 31% over the past year. The company is forecast to post earnings per share of RM0.02 for next year compared to RM0.015 last year. Declared Dividend • Feb 21
Dividend of RM0.01 announced Shareholders will receive a dividend of RM0.01. Ex-date: 18th March 2024 Payment date: 5th April 2024 Dividend yield will be 1.1%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (67% earnings payout ratio) but not covered by cash flows (135% cash payout ratio). The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 6.5% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 20
Hextar Global Berhad Declares First Interim Single-Tier Dividend for the Financial Year Ended 31 December 2023, Payable on 5 April 2024 Hextar Global Berhad declared First interim single-tier dividend of 1.0 sen per ordinary share amounting to approximately MYR 38.8 million in respect of the financial year ended 31 December 2023. The dividend is payable on 5 April 2024 to shareholders appearing in the record of depositors on 16 March 2023. Ex-Date is 18 March 2024. Entitlement date is 19 March 2024. Price Target Changed • Feb 20
Price target increased by 7.6% to RM0.71 Up from RM0.66, the current price target is an average from 2 analysts. New target price is 20% below last closing price of RM0.89. Stock is up 21% over the past year. The company is forecast to post earnings per share of RM0.016 for next year compared to RM0.015 last year. New Risk • Feb 20
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.9% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.9% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. Announcement • Jan 24
Hextar Global Berhad Announces Resignation of Lim Hooi Mooi as Joint Secretary Hextar Global Berhad announced resignation of Lim Hooi Mooi as Joint Secretary. Date Of Change: 24 Jan. 2024. Reported Earnings • Nov 21
Third quarter 2023 earnings released: EPS: RM0.004 (vs RM0.004 in 3Q 2022) Third quarter 2023 results: EPS: RM0.004 (in line with 3Q 2022). Revenue: RM182.9m (up 13% from 3Q 2022). Net income: RM15.4m (up 10% from 3Q 2022). Profit margin: 8.4% (down from 8.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Chemicals industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Aug 28
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from RM628.0m to RM605.5m. EPS estimate also fell from RM0.014 per share to RM0.012 per share. Net income forecast to grow 39% next year vs 23% growth forecast for Chemicals industry in Malaysia. Consensus price target down from RM0.69 to RM0.66. Share price fell 2.6% to RM0.74 over the past week. Price Target Changed • Aug 22
Price target decreased by 7.7% to RM0.66 Down from RM0.71, the current price target is an average from 2 analysts. New target price is 13% below last closing price of RM0.76. Stock is up 43% over the past year. The company is forecast to post earnings per share of RM0.012 for next year compared to RM0.013 last year. Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: RM0.002 (vs RM0.004 in 2Q 2022) Second quarter 2023 results: EPS: RM0.002 (down from RM0.004 in 2Q 2022). Revenue: RM133.5m (down 18% from 2Q 2022). Net income: RM9.24m (down 40% from 2Q 2022). Profit margin: 6.9% (down from 9.4% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Chemicals industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Aug 16
Now 20% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be RM0.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 12% in 2 years. Earnings is forecast to grow by 38% in the next 2 years. Announcement • Jun 21
Hextar Global Berhad Announces the Re-Designation of Madam Lee Chooi Keng from Executive Director to Group Managing Director Hextar Global Berhad announced the re-designation of Madam Lee Chooi Keng from Executive Director to Group Managing Director. Date of change is 20 June 2023. Age is 66. Major Estimate Revision • May 26
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from RM665.2m to RM628.0m. EPS estimate also fell from RM0.015 per share to RM0.014 per share. Net income forecast to grow 28% next year vs 22% growth forecast for Chemicals industry in Malaysia. Consensus price target down from RM0.71 to RM0.69. Share price rose 13% to RM0.77 over the past week. Reported Earnings • Apr 24
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: RM0.013 (up from RM0.01 in FY 2021). Revenue: RM618.4m (up 33% from FY 2021). Net income: RM49.5m (up 26% from FY 2021). Profit margin: 8.0% (down from 8.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Chemicals industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Mar 21
Price target decreased by 8.7% to RM2.15 Down from RM2.35, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of RM2.09. Stock is up 41% over the past year. The company is forecast to post earnings per share of RM0.046 for next year compared to RM0.038 last year. Upcoming Dividend • Mar 08
Upcoming dividend of RM0.02 per share at 1.5% yield Eligible shareholders must have bought the stock before 15 March 2023. Payment date: 03 April 2023. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Malaysian dividend payers (5.2%). Lower than average of industry peers (5.5%). Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: RM0.038 (vs RM0.03 in FY 2021) Full year 2022 results: EPS: RM0.038 (up from RM0.03 in FY 2021). Revenue: RM618.4m (up 33% from FY 2021). Net income: RM49.5m (up 26% from FY 2021). Profit margin: 8.0% (down from 8.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Chemicals industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 12
Hextar Global Berhad Announces Re-Designation of Phan Nee Chin from Financial Controller to Chief Financial Officer Hextar Global Berhad announced re-designation of Miss. Phan Nee Chin from Financial Controller to Chief Financial Officer. Date of change is 01 January, 2023 and age is 44. Reported Earnings • Dec 03
Third quarter 2022 earnings released: EPS: RM0.011 (vs RM0.005 in 3Q 2021) Third quarter 2022 results: EPS: RM0.011 (up from RM0.005 in 3Q 2021). Revenue: RM162.3m (up 44% from 3Q 2021). Net income: RM14.0m (up 94% from 3Q 2021). Profit margin: 8.6% (up from 6.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Chemicals industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth. 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. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Jee Min Liew was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 19% share price gain to RM2.07, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 10x in the Chemicals industry in Malaysia. Total returns to shareholders of 467% over the past three years. Upcoming Dividend • Aug 31
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 07 September 2022. Payment date: 27 September 2022. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Malaysian dividend payers (4.9%). Lower than average of industry peers (5.5%). Reported Earnings • Aug 23
Second quarter 2022 earnings released: EPS: RM0.012 (vs RM0.006 in 2Q 2021) Second quarter 2022 results: EPS: RM0.012 (up from RM0.006 in 2Q 2021). Revenue: RM162.7m (up 65% from 2Q 2021). Net income: RM15.3m (up 106% from 2Q 2021). Profit margin: 9.4% (up from 7.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 22%, compared to a 11% growth forecast for the Chemicals industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 53% per year whereas the company’s share price has increased by 52% per year. Announcement • Aug 22
Hextar Global Berhad Declares First Interim Dividend for the Financial Year Ending 31 December 2022, Payable on 27 September 2022 Hextar Global Berhad approved and declared a first interim dividend of 1 sen single-tier dividend per share in respect of the financial year ending 31 December 2022, based on the overall strength of the Group's financial position and prospects. The entitlement date has been fixed on 8 September 2022 and payable on 27 September 2022. Announcement • Jul 23
Hextar Global Berhad (KLSE:HEXTAR) completed the acquisition of ENRA Kimia (Australia) Pty Ltd. Hextar Global Berhad (KLSE:HEXTAR) entered into conditional share sale agreement to acquire ENRA Kimia (Australia) Pty Ltd for RMB 14.3 million on May 23, 2022. The purchase price will be satisfied entirely in cash, which will be financed entirely through internally generated funds.
Hextar Global Berhad (KLSE:HEXTAR) completed the acquisition of ENRA Kimia (Australia) Pty Ltd for RMB 14.3 million on July 22, 2022. Announcement • May 24
Hextar Global Berhad (KLSE:HEXTAR) entered into conditional share sale agreement to acquire ENRA Kimia (Australia) Pty Ltd for RMB 14.3 million. Hextar Global Berhad (KLSE:HEXTAR) entered into conditional share sale agreement to acquire ENRA Kimia (Australia) Pty Ltd for RMB 14.3 million on May 23, 2022. The purchase price will be satisfied entirely in cash, which will be financed entirely through internally generated funds. Announcement • May 21
Hextar Global Berhad (KLSE:HEXTARcompleted the acquisition of 99.91% stake in PT. Agro Sentosa Raya. Hextar Global Berhad (KLSE:HEXTAR) agreed to acquire 99.91% stake in PT. Agro Sentosa Raya for MYR 10.2 million on March 28, 2022. The purchase consideration will be satisfied entirely in cash which will be funded through internally-generated funds. The transaction is expected to be completed by second quarter of 2022.
Hextar Global Berhad (KLSE:HEXTARcompleted the acquisition of 99.91% stake in PT. Agro Sentosa Raya on May 20, 2022. 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. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Jee Min Liew was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 23
Hextar Global Berhad, Annual General Meeting, May 23, 2022 Hextar Global Berhad, Annual General Meeting, May 23, 2022, at 10:00 Singapore Standard Time. Agenda: To re-elect Dato' Ong Choo Meng as Director of the Company; to re-elect Mr. Yeoh Chin Hoe as Director of the Company; to approve Director's fees of MYR 78,000.00 to Y.D.H Dato' Sri Dr. Erwan Bin Dato' Haji Mohd Tahir for the financial year ending 31 December 2022; to approve Director's fees of MYR 66,000.00 to Mr. Yeoh Chin Hoe for the financial year ending 31 December 2022; to approve Director's fees of MYR 60,000.00 to Dato' Ong Soon Ho for the financial year ending 31 December 2022; to approve Director's fees of MYR 60,000.00 to Mr. Liew Jee Min @ Chong Jee Min for the financial year ending 31 December 2022; and to consider other matters. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improved over the past week After last week's 24% share price gain to RM1.93, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 14x in the Chemicals industry in Asia. Total returns to shareholders of 141% over the past year. Announcement • Mar 29
Hextar Global Berhad (KLSE:HEXTAR) agreed to acquire 99.91% stake in PT. Agro Sentosa Raya for MYR 10.2 million. Hextar Global Berhad (KLSE:HEXTAR) agreed to acquire 99.91% stake in PT. Agro Sentosa Raya for MYR 10.2 million on March 28, 2022. The transaction is expected to be completed by second quarter of 2022. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to RM1.43, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 14x in the Chemicals industry in Asia. Total returns to shareholders of 89% over the past year. Upcoming Dividend • Mar 01
Upcoming dividend of RM0.012 per share Eligible shareholders must have bought the stock before 08 March 2022. Payment date: 25 March 2022. Payout ratio is a comfortable 73% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Malaysian dividend payers (4.5%). Lower than average of industry peers (4.3%). Reported Earnings • Feb 22
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: RM0.03 (down from RM0.034 in FY 2020). Revenue: RM464.1m (up 11% from FY 2020). Net income: RM39.6m (down 11% from FY 2020). Profit margin: 8.5% (down from 11% in FY 2020). The decrease in margin was driven by higher expenses. 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 46%, compared to a 27% growth forecast for the industry in Malaysia. Announcement • Dec 03
Hextar Global Berhad (KLSE:HEXTAR) completed the acquisition of TUFBOND TECHNOLOGIES SDN BHD from Lee Siong Kok, Lim Chong Joo, Lim Chong Teck and Low Chee Sin. Hextar Global Berhad (KLSE:HEXTAR) entered into share sale agreement to acquire TUFBOND TECHNOLOGIES SDN BHD from Lee Siong Kok, Lim Chong Joo, Lim Chong Teck and Low Chee Sin for MYR 13 million on November 3, 2021. The company will acquire 0.2 million shares of TUFBOND. Upon the execution of the SSA, a deposit of MYR 1.3 million being ten percent (10%) of the purchase cxonsideration shall be paid by the Hextar Global to the Lee Siong Kok, Lim Chong Joo, Lim Chong Teck and Low Chee Sin in accordance with the purchased share proportions as set out in the Schedule 1 of the share sale agreement. The purchase consideration will be satisfied entirely in cash, which will be financed entirely through internally generated funds. The transaction is subject to satisfactory legal and financial due diligence findings on the TUFBOND by the Hextar Global, of which the due diligence period is 30 Days from the day of access granted; TTSB to execute undated management contracts with the management team for a period of three (3) years from the completion date or the extended completion date, as the case may be; and the Lee Siong Kok, Lim Chong Joo, Lim Chong Teck and Low Chee Sin has obtained all necessary written approvals, notifications or waivers from relevant third parties for the sale and transfer of the sale shares to the Hextar Global, and the change of shareholding, directorship and management in the company. The proposed TufBond acquisition is not subject to the approval of Hextar’s shareholders or any regulatory authorities. The transactions is expected to be completed by the first quarter of 2022.
Hextar Global Berhad (KLSE:HEXTAR) completed the acquisition of TUFBOND TECHNOLOGIES SDN BHD from Lee Siong Kok, Lim Chong Joo, Lim Chong Teck and Low Chee Sin on December 2, 2021. The acquisition has been completed upon the fulfilment of all conditions precedent pursuant to conditional Shares Sale Agreement. Announcement • Dec 01
Hextar Global Berhad (KLSE:HEXTAR) and Ekopintar Sdn Bhd completed the acquisition of ENRA Kimia Sdn Bhd from ENRA Energy Sdn Bhd. Hextar Global Berhad (KLSE:HEXTAR) and Ekopintar Sdn Bhd offered to acquire ENRA Kimia Sdn Bhd from ENRA Energy Sdn Bhd for MYR 50 million on July 23, 2021. Hextar Global Berhad (KLSE:HEXTAR) and Ekopintar Sdn Bhd signed an agreement to acquire ENRA Kimia Sdn Bhd from ENRA Energy Sdn Bhd for MYR 50 million on August 2, 2021. Under the terms of the transaction, Hextar will acquire 49% representing 4.9 million shares in ENRA Kimia for a cash consideration of MYR 24.5 million and Ekopintar will acquire the remaining 51% representing 5.1 million shares for a cash consideration of MYR 25.5 million. The deal will be financed entirely through internally generated funds. The deal is subject to consummation of due diligence, aaproval from ENRA Energy Sdn Bhd shareholders and third party approval needed. As of July 30, 2021, Hextar, Ekopintar and ENRA Energy agreed to extend the Cut-off Time to negotiate and agree on the terms and conditions of the definitive agreement until August 2, 2021. The deal is expected to close in fourth quarter of 2021.
Hextar Global Berhad (KLSE:HEXTAR) and Ekopintar Sdn Bhd completed the acquisition of ENRA Kimia Sdn Bhd from ENRA Energy Sdn Bhd on November 30, 2021. Reported Earnings • Nov 23
Third quarter 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2021 results: EPS: RM0.006 (down from RM0.01 in 3Q 2020). Revenue: RM112.5m (flat on 3Q 2020). Net income: RM7.21m (down 42% from 3Q 2020). Profit margin: 6.4% (down from 11% in 3Q 2020). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 3.9%. Earnings per share (EPS) missed analyst estimates by 3.9%. Over the next year, revenue is forecast to grow 48%, compared to a 26% growth forecast for the industry in Malaysia. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improved over the past week After last week's 16% share price gain to RM1.46, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Chemicals industry in Asia. Total returns to shareholders of 247% over the past year. Upcoming Dividend • Sep 01
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 08 September 2021. Payment date: 28 September 2021. Trailing yield: 3.3%. Lower than top quartile of Malaysian dividend payers (4.2%). In line with average of industry peers (3.4%). Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS RM0.006 (vs RM0.009 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RM98.7m (down 2.0% from 2Q 2020). Net income: RM7.44m (down 33% from 2Q 2020). Profit margin: 7.5% (down from 11% in 2Q 2020). The decrease in margin was primarily driven by lower revenue. Director Overboarding • Aug 13
Director Jee Liew has joined 5th company board Independent Non-Executive Director Jee Liew has been appointed to the board of Rubberex Corporation (M) Berhad (KLSE:RUBEREX). Liew now sits on a total of 5 company boards. According to the Simply Wall St Risk Model, the director is at risk of having too many board obligations. Announcement • Jul 14
Hextar Global Berhad (KLSE:HEXTAR) entered into a share sale agreement to acquire Nobel Synthetic Polymer Sdn Bhd from Marcus Mar Hung Than and Chieng Diing Yaw. Hextar Global Berhad (KLSE:HEXTAR) entered into a share sale agreement to acquire Nobel Synthetic Polymer Sdn Bhd from Marcus Mar Hung Than and Chieng Diing Yaw on July 12, 2021. Marcus Mar Hung Than holds 55% stake and Chieng Diing Yaw holds 45% stake. Up on completion of the transaction, the Nobel Synthetic Polymer Sdn Bhd will become the wholly owned subsidiary of Hextar Global Berhad. Additionally, Hextar Global Berhad (KLSE:HEXTAR) entered into a a share sale agreement to acquire Nobel Scientific Sdn Bhd from Marcus Mar Hung Than and Chieng Diing Yaw on July 12, 2021. The combine consideration of the transactions to be paid are MYR 105 million. The consideration will be funded from internally generated funds as MYR 50 million and from bank borrowings as MYR 55 million. A sum of MYR 52.5 million shall be paid by the Hextar Global Berhad to Marcus Mar Hung Than and Chieng Diing Yaw on or before 6 months from the date of the SSA or such other date to be mutually agreed between the parties. NSPSB reported a revenue of MYR 42.99 million, gross profit as MYR 18.36 million, profit before tax as MYR16.8 million, profit after tax as MYR 13.1 million, share capital as MYR 0.5 milion and net assets as MYR 30.54 million for the year end on December 31, 2020. The transaction is subject to approval of the shareholders of Hextar at an extraordinary general meeting and any other relevant authorities and/or parties, if required. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improved over the past week After last week's 20% share price gain to RM1.18, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 14x in the Chemicals industry in Malaysia. Total returns to shareholders of 210% over the past year. Reported Earnings • Jun 01
First quarter 2021 earnings released: EPS RM0.013 (vs RM0.012 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: RM114.8m (up 9.8% from 1Q 2020). Net income: RM10.8m (up 14% from 1Q 2020). Profit margin: 9.4% (up from 9.0% in 1Q 2020). The increase in margin was driven by higher revenue. Announcement • Mar 11
Hextar Global to Acquire Entire Stake in Alpha Aim Hextar Global Berhad (KLSE:HEXTAR) will acquire entire stake in Alpha Aim (M) Sdn Bhd and Chempro Tech. Total purchase price for both acquisitions MYR 138 million. Announcement • Mar 10
Hextar Global to Acquire Entire Stake in Chempro Technology Hextar Global Berhad (KLSE:HEXTAR) will acquire entire stake in Chempro Technology (M) Sdn Bhd and Alpha Aim. Total purchase price for both acquisitions MYR 138 million. Announcement • Mar 09
Hextar Global Berhad (KLSE:HEXTAR) has agreed to acquire Chempro Group of Companies for MYR 138 million. Hextar Global Berhad (KLSE:HEXTAR) has agreed to acquire Chempro Group of Companies for MYR 138 million on March 8, 2021. Under the terms of agreement MYR 13.8 million will be paid as deposit to Chempro representatives, MYR 85.2 million will be paid by Hextar to Chempro representatives on or before August 31, 2021 or such other date to be mutually agreed between the parties, the remaining amount of MYR 39 million will be paid on achieving the gross profit after tax target from January 01, 2021 until December 31, 2023. The Purchase Price will be funded via internally generated funds and/or bank borrowings. The SSA shall continue and remain in full force and effect unless terminated pursuant to the provisions of the SSA such as in the event any of the Conditions Precedent is not satisfied by the expiration of the Condition Period or the Extended Condition Period, as the case may be, the SSA will terminate and thereafter be of no effect save for any claims arising from any antecedent breach of the SSA. The Chempro shall forthwith refund the Deposit to the Hextar within 14 days upon receipt of notice of termination from the Hextar or the Hextar’s Solicitors. The deal is subject to approval from acquirer shareholders. The acquisition will be completed by the end of August 2021. Is New 90 Day High Low • Mar 04
New 90-day high: RM1.27 The company is up 36% from its price of RM0.94 on 04 December 2020. The Malaysian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is down 1.0% over the same period. Reported Earnings • Feb 25
Full year 2020 earnings released: EPS RM0.055 (vs RM0.003 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: RM417.6m (up 24% from FY 2019). Net income: RM44.5m (up RM42.1m from FY 2019). Profit margin: 11% (up from 0.7% in FY 2019). The increase in margin was driven by higher revenue.