Announcement • Apr 24
SCGM Bhd, Annual General Meeting, May 20, 2026 SCGM Bhd, Annual General Meeting, May 20, 2026, at 10:30 Singapore Standard Time. Location: creator hotel ballroom, 3rd floor, kulai centre point, lot 1566, batu 20, jalan kulai-air hitam, 81000 kulai, johor, Malaysia New Risk • Nov 20
New major risk - Revenue and earnings growth Earnings have declined by 4.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 4.4% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (RM99.2m market cap, or US$23.8m). Announcement • Apr 18
SCGM Bhd, Annual General Meeting, May 19, 2025 SCGM Bhd, Annual General Meeting, May 19, 2025, at 14:00 Singapore Standard Time. Location: creator hotel ballroom, 3rd floor, kulai centre point, lot 1566, batu 20, jalan kulai-air hitam, 81000 kulai, johor, Malaysia New Risk • Dec 31
New major risk - Revenue and earnings growth Revenue has declined by 100% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 100% over the past year. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (RM125.2m market cap, or US$28.0m). New Risk • Nov 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (RM120.4m market cap, or US$26.9m). Board Change • Jul 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. 4 experienced directors. 2 highly experienced directors. Administration & Purchasing Manager Lih Lee was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Dec 22
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: -32% Last year net profit margin: 134% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Profit margins are more than 30% lower than last year (-32% net profit margin). Market cap is less than US$100m (RM111.7m market cap, or US$24.1m). New Risk • Oct 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: -462% Last year net profit margin: 9.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (253% accrual ratio). Revenue is less than US$1m. Minor Risks Profit margins are more than 30% lower than last year (-462% net profit margin). Market cap is less than US$100m (RM109.8m market cap, or US$23.4m). Announcement • Aug 30
SCGM Bhd, Annual General Meeting, Sep 27, 2023 SCGM Bhd, Annual General Meeting, Sep 27, 2023, at 14:00 China Standard Time. Location: Creator Hotel Ballroom, 3rd Floor, Kulai Centre Point, Lot 1566, Batu 20, Jalan Kulai-Air Hitam Kulai Johor Malaysia Agenda: To receive the Audited Financial Statements of the Company for the financial year ended 30 April 2023 together with the Directors' and Auditors' Reports thereon; to approve the payment of Directors' fees and benefits up to RM100,000.00 from this AGM until the next AGM of the Company; to re-appoint Messrs Grant Thornton Malaysia PLT as Auditors of the Company to hold office until the conclusion of the next AGM and to authorise the Directors to fix their remuneration and to consider other matters. Reported Earnings • Jul 01
Full year 2023 earnings released: EPS: RM1.63 (vs RM0.16 in FY 2022) Full year 2023 results: EPS: RM1.63 (up from RM0.16 in FY 2022). Revenue: RM91.6m (down 68% from FY 2022). Net income: RM313.5m (up RM282.7m from FY 2022). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 30
Third quarter 2023 earnings released: EPS: RM0.068 (vs RM0.033 in 3Q 2022) Third quarter 2023 results: EPS: RM0.068 (up from RM0.033 in 3Q 2022). Net income: RM13.0m (up 108% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Buying Opportunity • Feb 02
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be RM0.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Dec 29
Second quarter 2023 earnings released: EPS: RM1.53 (vs RM0.041 in 2Q 2022) Second quarter 2023 results: EPS: RM1.53 (up from RM0.041 in 2Q 2022). Revenue: RM21.5m (down 70% from 2Q 2022). Net income: RM295.1m (up RM287.3m from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 13
Upcoming dividend of RM0.36 per share Eligible shareholders must have bought the stock before 20 December 2022. Payment date: 04 January 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 7.6%. Within top quartile of Malaysian dividend payers (5.0%). Higher than average of industry peers (3.1%). Announcement • Dec 08
SCGM Bhd Announces Cash Distribution Payable on 04 Jan. 2023 SCGM Bhd announced Capital repayment exercise pursuant to Section 116 of the Companies Act 2016 by way of cash distribution of MYR 0.36 for each ordinary shares at 5.00 p.m. on 21 December 2022. Entitlement date is 21 Dec. 2022. Ex-Date is 20 Dec. 2022. Payment Date is 04 Jan. 2023. Reported Earnings • Sep 29
First quarter 2023 earnings released: EPS: RM0.026 (vs RM0.043 in 1Q 2022) First quarter 2023 results: EPS: RM0.026 (down from RM0.043 in 1Q 2022). Revenue: RM70.1m (up 1.1% from 1Q 2022). Net income: RM4.95m (down 40% from 1Q 2022). Profit margin: 7.1% (down from 12% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 08
Upcoming dividend of RM1.85 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 29 September 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Malaysian dividend payers (5.0%). In line with average of industry peers (2.8%). Announcement • Sep 03
SCGM Bhd Declares Special Cash Dividend for the Year Ended April 30, 2022, Payable on 29 Sep. 2022 SCGM Bhd declared special cash dividend of MYR 1.85 per ordinary share for the year ended April 30, 2022. Ex-Date is 15 Sep. 2022, Entitlement date is 19 Sep. 2022 and Payment Date is 29 Sep. 2022. Announcement • Aug 30
SCGM Bhd, Annual General Meeting, Sep 28, 2022 SCGM Bhd, Annual General Meeting, Sep 28, 2022, at 14:30 SE Asia Standard Time. Location: Creator Hotel Ballroom, 3rd Floor, Kulai Centre Point, Lot 1566, Batu 20, Jalan Kulai-Air Hitam, 81000 Kulai Johor Malaysia Agenda: To receive the Audited Financial Statements of the Company for the financial year ended 30 April 2022 together with the Directors' and Auditors' Reports thereon; to approve the payment of Directors' fees and benefits up to RM66,000 from this AGM until the next AGM of the Company; to re-elect the Directors retiring pursuant to Article 86 of the Company's Constitution and being eligible, have offered themselves for re-election; to re-appoint Messrs Grant Thornton Malaysia PLT as Auditors of the Company to hold office until the conclusion of the next AGM and to authorise the Directors to fix their remuneration; and to consider other matters. Upcoming Dividend • Jul 07
Upcoming dividend of RM0.013 per share Eligible shareholders must have bought the stock before 14 July 2022. Payment date: 29 July 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Malaysian dividend payers (5.0%). In line with average of industry peers (3.0%). Reported Earnings • Jun 30
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: RM0.16 (down from RM0.17 in FY 2021). Revenue: RM284.7m (up 16% from FY 2021). Net income: RM30.9m (down 8.1% from FY 2021). Profit margin: 11% (down from 14% in FY 2021). 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 15%, compared to a 14% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Announcement • Jun 30
SCGM Bhd Announces Fourth Interim Single Tier Dividend for the Financial Year Ended 30 April 2022, Payable on 29 July 2022 SCGM Bhd announced fourth interim single tier dividend of 1.32 sen per ordinary share in respect of the financial year ended 30 April 2022. Ex-Date is 14 July 2022. Entitlement date is 15 July 2022. Payment Date is 29 July 2022. Price Target Changed • Apr 27
Price target decreased to RM2.59 Down from RM2.82, the current price target is an average from 2 analysts. New target price is 15% above last closing price of RM2.24. Stock is up 0.4% over the past year. The company is forecast to post earnings per share of RM0.17 for next year compared to RM0.17 last year. Upcoming Dividend • Apr 05
Upcoming dividend of RM0.014 per share Eligible shareholders must have bought the stock before 12 April 2022. Payment date: 28 April 2022. Payout ratio is a comfortable 44% and the cash payout ratio is 77%. Trailing yield: 3.3%. Lower than top quartile of Malaysian dividend payers (4.5%). Higher than average of industry peers (2.8%). Announcement • Mar 30
SCGM Bhd's Announces Third Interim Single Tier Dividend in Respect of the Financial Year Ending 30 April 2022, Payable on 28 April 2022 SCGM Bhd's announced third interim single tier dividend in respect of the financial year ending 30 April 2022 of 1.40 sen per ordinary share and payable on 28 April 2022. Ex-Date is 12 Apr. 2022 and entitlement date is 13 April 2022. Reported Earnings • Mar 30
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: RM0.033 (down from RM0.042 in 3Q 2021). Revenue: RM71.3m (up 14% from 3Q 2021). Net income: RM6.28m (down 23% from 3Q 2021). Profit margin: 8.8% (down from 13% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 14%, compared to a 12% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jan 04
Upcoming dividend of RM0.017 per share Eligible shareholders must have bought the stock before 11 January 2022. Payment date: 26 January 2022. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Malaysian dividend payers (4.5%). Higher than average of industry peers (2.6%). Reported Earnings • Dec 29
Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2022 results: EPS: RM0.041 (down from RM0.05 in 2Q 2021). Revenue: RM145.1m (up 138% from 2Q 2021). Net income: RM144.6m (up RM135.0m from 2Q 2021). Profit margin: 100% (up from 16% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) exceeded analyst estimates by 1.5%. Earnings per share (EPS) surpassed analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 4.7%, compared to a 11% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 05
Upcoming dividend of RM0.02 per share Eligible shareholders must have bought the stock before 12 October 2021. Payment date: 29 October 2021. Trailing yield: 2.9%. Lower than top quartile of Malaysian dividend payers (4.3%). Higher than average of industry peers (2.5%). Reported Earnings • Sep 05
Full year 2021 earnings released: EPS RM0.17 (vs RM0.09 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: RM246.5m (up 17% from FY 2020). Net income: RM33.6m (up 95% from FY 2020). Profit margin: 14% (up from 8.2% in FY 2020). The increase in margin was driven by higher revenue. 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 22% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 05
Upcoming dividend of RM0.017 per share Eligible shareholders must have bought the stock before 12 July 2021. Payment date: 29 July 2021. Trailing yield: 2.8%. Lower than top quartile of Malaysian dividend payers (4.1%). Higher than average of industry peers (1.8%). Reported Earnings • Jul 01
Full year 2021 earnings released: EPS RM0.17 (vs RM0.09 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: RM246.5m (up 17% from FY 2020). Net income: RM33.6m (up 95% from FY 2020). Profit margin: 14% (up from 8.2% in FY 2020). The increase in margin was driven by higher revenue. 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 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 20% share price gain to RM2.23, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Packaging industry in Malaysia. Total returns to shareholders of 64% over the past three years. Upcoming Dividend • Apr 05
Upcoming dividend of RM0.022 per share Eligible shareholders must have bought the stock before 12 April 2021. Payment date: 28 April 2021. Trailing yield: 1.6%. Lower than top quartile of Malaysian dividend payers (4.1%). In line with average of industry peers (1.6%). Price Target Changed • Mar 31
Price target decreased to RM3.23 Down from RM3.85, the current price target is an average from 2 analysts. New target price is 77% above last closing price of RM1.82. Stock is up 48% over the past year. Reported Earnings • Mar 30
Third quarter 2021 earnings released: EPS RM0.042 (vs RM0.022 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: RM62.5m (up 21% from 3Q 2020). Net income: RM8.10m (up 94% from 3Q 2020). Profit margin: 13% (up from 8.1% in 3Q 2020). The increase in margin was driven by higher 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 8% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 26
New 90-day low: RM1.82 The company is down 35% from its price of RM2.78 on 27 November 2020. The Malaysian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RM11.32 per share. Is New 90 Day High Low • Feb 09
New 90-day low: RM2.11 The company is down 28% from its price of RM2.92 on 11 November 2020. The Malaysian market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RM11.56 per share. Upcoming Dividend • Dec 30
Upcoming Dividend of RM0.015 Per Share Will be paid on the 22nd of January to those who are registered shareholders by the 6th of January. The trailing yield of 1.7% is below the top quartile of Malaysian dividend payers (4.4%), but is in line with industry peers (1.7%). Is New 90 Day High Low • Dec 28
New 90-day low: RM2.20 The company is down 29% from its price of RM3.11 on 29 September 2020. The Malaysian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RM11.51 per share. Reported Earnings • Dec 23
Second quarter 2021 earnings released: EPS RM0.05 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RM61.0m (up 14% from 2Q 2020). Net income: RM9.61m (up 138% from 2Q 2020). Profit margin: 16% (up from 7.5% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year. Is New 90 Day High Low • Dec 12
New 90-day low: RM2.67 The company is down 8.0% from its price of RM2.89 on 11 September 2020. The Malaysian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RM1.12 per share. Price Target Changed • Oct 07
Price target raised to RM4.11 Up from RM3.39, the current price target is an average from 2 analysts. The new target price is 35% above the current share price of RM3.05. As of last close, the stock is up 158% over the past year. Major Estimate Revision • Oct 05
Analysts update estimates The 2021 consensus earning per share (EPS) estimate increased from RM0.16 to RM0.18. Revenue estimate for the same period was approximately flat at RM266.9m. Net income is expected to grow by 59% next year compared to 40% growth forecast for the Packaging industry in Malaysia. The consensus price target increased from RM3.39 to RM3.59. Share price is down by 13% to RM3.11 over the past week.