Upcoming Dividend • Jun 22
Upcoming dividend of RM0.015 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 15 July 2026. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 6.3%. Within top quartile of Malaysian dividend payers (5.4%). Higher than average of industry peers (2.1%). Reported Earnings • May 22
First quarter 2026 earnings released: EPS: RM0.012 (vs RM0.008 in 1Q 2025) First quarter 2026 results: EPS: RM0.012 (up from RM0.008 in 1Q 2025). Revenue: RM40.5m (down 13% from 1Q 2025). Net income: RM4.33m (up 50% from 1Q 2025). Profit margin: 11% (up from 6.2% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Apr 29
Tek Seng Holdings Berhad, Annual General Meeting, Jun 11, 2026 Tek Seng Holdings Berhad, Annual General Meeting, Jun 11, 2026, at 09:30 Singapore Standard Time. Location: ballroom i, level 1, gurney bay hotel, 53, persiaran gurney, 10250 penang, Malaysia Announcement • Apr 28
Tek Seng Holdings Berhad announces Annual dividend, payable on July 15, 2026 Tek Seng Holdings Berhad announced Annual dividend of MYR 0.0150 per share payable on July 15, 2026, ex-date on June 29, 2026 and record date on June 30, 2026. Reported Earnings • Mar 01
Full year 2025 earnings released: EPS: RM0.03 (vs RM0.023 in FY 2024) Full year 2025 results: EPS: RM0.03 (up from RM0.023 in FY 2024). Revenue: RM152.4m (down 3.0% from FY 2024). Net income: RM10.8m (up 28% from FY 2024). Profit margin: 7.1% (up from 5.4% 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 4% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. New Risk • Nov 23
New major risk - Revenue and earnings growth Earnings have declined by 27% 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 Risk Earnings have declined by 27% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (RM84.8m market cap, or US$20.4m). Reported Earnings • Aug 21
Second quarter 2025 earnings released: EPS: RM0.006 (vs RM0.008 in 2Q 2024) Second quarter 2025 results: EPS: RM0.006 (down from RM0.008 in 2Q 2024). Revenue: RM37.3m (down 5.0% from 2Q 2024). Net income: RM2.30m (down 20% from 2Q 2024). Profit margin: 6.2% (down from 7.3% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% 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 • May 30
First quarter 2025 earnings released: EPS: RM0.008 (vs RM0.007 in 1Q 2024) First quarter 2025 results: EPS: RM0.008 (up from RM0.007 in 1Q 2024). Revenue: RM46.5m (down 2.3% from 1Q 2024). Net income: RM2.88m (up 9.1% from 1Q 2024). Profit margin: 6.2% (up from 5.5% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 29% 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. Announcement • Apr 29
Tek Seng Holdings Berhad, Annual General Meeting, Jun 13, 2025 Tek Seng Holdings Berhad, Annual General Meeting, Jun 13, 2025, at 09:30 Singapore Standard Time. Location: ballroom 1, level 1, gurney bay hotel, 53, persiaran gurney, 10250 penang, Malaysia Upcoming Dividend • Mar 14
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 21 March 2025. Payment date: 09 April 2025. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Malaysian dividend payers (5.6%). Higher than average of industry peers (3.3%). Announcement • Feb 28
Tek Seng Holdings Berhad Declares Single Tier Second Interim Dividend for the Financial Year Ended 31 December 2024 Tek Seng Holdings Berhad declared a single tier 2nd interim dividend of 1 sen per ordinary share for the financial year ended 31 December 2024. Reported Earnings • Feb 22
Full year 2024 earnings released: EPS: RM0.023 (vs RM0.018 in FY 2023) Full year 2024 results: EPS: RM0.023 (up from RM0.018 in FY 2023). Revenue: RM156.8m (up 2.2% from FY 2023). Net income: RM8.45m (up 27% from FY 2023). Profit margin: 5.4% (up from 4.3% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 23
Third quarter 2024 earnings released: EPS: RM0.004 (vs RM0.001 in 3Q 2023) Third quarter 2024 results: EPS: RM0.004 (up from RM0.001 in 3Q 2023). Revenue: RM34.9m (up 20% from 3Q 2023). Net income: RM1.57m (up 231% from 3Q 2023). Profit margin: 4.5% (up from 1.6% 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 45% 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. Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: RM0.008 (vs RM0.004 in 2Q 2023) Second quarter 2024 results: EPS: RM0.008 (up from RM0.004 in 2Q 2023). Revenue: RM39.2m (up 8.6% from 2Q 2023). Net income: RM2.87m (up 101% from 2Q 2023). Profit margin: 7.3% (up from 4.0% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Reported Earnings • May 29
First quarter 2024 earnings released: EPS: RM0.007 (vs RM0.011 in 1Q 2023) First quarter 2024 results: EPS: RM0.007 (down from RM0.011 in 1Q 2023). Revenue: RM49.2m (down 8.1% from 1Q 2023). Net income: RM2.64m (down 35% from 1Q 2023). Profit margin: 5.4% (down from 7.6% 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 54% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 24
Full year 2023 earnings released: EPS: RM0.018 (vs RM0.028 in FY 2022) Full year 2023 results: EPS: RM0.018 (down from RM0.028 in FY 2022). Revenue: RM152.9m (down 16% from FY 2022). Net income: RM6.63m (down 35% from FY 2022). Profit margin: 4.3% (down from 5.6% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 24
Third quarter 2023 earnings released: EPS: RM0.001 (vs RM0.008 in 3Q 2022) Third quarter 2023 results: EPS: RM0.001 (down from RM0.008 in 3Q 2022). Revenue: RM29.1m (down 28% from 3Q 2022). Net income: RM473.0k (down 83% from 3Q 2022). Profit margin: 1.6% (down from 6.9% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: RM0.004 (vs RM0.008 in 2Q 2022) Second quarter 2023 results: EPS: RM0.004 (down from RM0.008 in 2Q 2022). Revenue: RM36.1m (down 32% from 2Q 2022). Net income: RM1.43m (down 49% from 2Q 2022). Profit margin: 4.0% (down from 5.3% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 30
First quarter 2023 earnings released: EPS: RM0.011 (vs RM0.012 in 1Q 2022) First quarter 2023 results: EPS: RM0.011 (down from RM0.012 in 1Q 2022). Revenue: RM53.6m (down 5.0% from 1Q 2022). Net income: RM4.08m (down 8.5% from 1Q 2022). Profit margin: 7.6% (down from 7.9% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 22
Full year 2022 earnings released: EPS: RM0.028 (vs RM0.052 in FY 2021) Full year 2022 results: EPS: RM0.028 (down from RM0.052 in FY 2021). Revenue: RM182.6m (flat on FY 2021). Net income: RM10.2m (down 45% from FY 2021). Profit margin: 5.6% (down from 10% in FY 2021). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 23
Third quarter 2022 earnings released: EPS: RM0.008 (vs RM0.007 in 3Q 2021) Third quarter 2022 results: EPS: RM0.008 (up from RM0.007 in 3Q 2021). Revenue: RM40.2m (down 1.1% from 3Q 2021). Net income: RM2.77m (up 11% from 3Q 2021). Profit margin: 6.9% (up from 6.2% in 3Q 2021). The increase in margin was driven by lower expenses. 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 3% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent & Non Executive Director Chin Loh was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: RM0.008 (vs RM0.013 in 2Q 2021) Second quarter 2022 results: EPS: RM0.008 (down from RM0.013 in 2Q 2021). Revenue: RM52.8m (up 32% from 2Q 2021). Net income: RM2.78m (down 42% from 2Q 2021). Profit margin: 5.3% (down from 12% 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 83% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 30
First quarter 2022 earnings released: EPS: RM0.012 (vs RM0.018 in 1Q 2021) First quarter 2022 results: EPS: RM0.012 (down from RM0.018 in 1Q 2021). Revenue: RM56.4m (up 3.7% from 1Q 2021). Net income: RM4.46m (down 30% from 1Q 2021). Profit margin: 7.9% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent and Non Executive Director Soo Tan was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 04
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 11 March 2022. Payment date: 31 March 2022. Payout ratio is a comfortable 68% but the company is not cash flow positive. Trailing yield: 7.4%. Within top quartile of Malaysian dividend payers (4.7%). Higher than average of industry peers (4.1%). Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: RM0.052 (down from RM0.076 in FY 2020). Revenue: RM181.1m (down 6.0% from FY 2020). Net income: RM18.5m (down 33% from FY 2020). Profit margin: 10% (down from 14% in FY 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 26
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 03 December 2021. Payment date: 27 December 2021. Trailing yield: 8.1%. Within top quartile of Malaysian dividend payers (4.3%). Higher than average of industry peers (3.2%). Reported Earnings • Nov 21
Third quarter 2021 earnings released: EPS RM0.007 (vs RM0.023 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: RM40.7m (down 18% from 3Q 2020). Net income: RM2.50m (down 69% from 3Q 2020). Profit margin: 6.2% (down from 16% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 11
Second quarter 2021 earnings released: EPS RM0.013 (vs RM0.018 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RM40.2m (down 2.6% from 2Q 2020). Net income: RM4.78m (down 27% from 2Q 2020). Profit margin: 12% (down from 16% in 2Q 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 104% 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 • Jul 08
Upcoming dividend of RM0.015 per share Eligible shareholders must have bought the stock before 15 July 2021. Payment date: 06 August 2021. Trailing yield: 3.6%. Lower than top quartile of Malaysian dividend payers (4.1%). Higher than average of industry peers (1.8%). Announcement • May 30
Tek Seng Holdings Berhad Announces Single Tier Final Dividend for the Financial Year Ended December 31, 2020, Payable on August 6, 2021 Tek Seng Holdings Berhad announced single tier final dividend of 0.5 sen per ordinary share for the financial year ended December 31, 2020. The ex-date is July 15, 2021, entitlement date is July 16, 2021 and payment date is August 6, 2021. Reported Earnings • May 09
First quarter 2021 earnings released: EPS RM0.018 (vs RM0.013 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: RM54.4m (up 4.7% from 1Q 2020). Net income: RM6.37m (up 38% from 1Q 2020). Profit margin: 12% (up from 8.9% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • May 08
Tek Seng Holdings Berhad Announces Impairment Losses for the First Quarter Ended March 31, 2021 Tek Seng Holdings Berhad announced impairment losses for the first quarter ended March 31, 2021. For the quarter, the company reported impairment losses of MYR 619,000. Upcoming Dividend • Mar 23
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 15 April 2021. Trailing yield: 3.4%. Lower than top quartile of Malaysian dividend payers (4.1%). Higher than average of industry peers (1.6%). Announcement • Mar 16
Tek Seng Holdings Berhad Announces Single Tier Interim Dividend for the Financial Year Ending 31 December 2021, Payable on April 15, 2021 Tek Seng Holdings Berhad announced Single Tier Interim Dividend of 1 sen per ordinary share for the financial year ending 31 December 2021. Ex- date is March 30, 2021, payment date is April 15, 2021. Is New 90 Day High Low • Mar 01
New 90-day low: RM0.62 The company is down 14% from its price of RM0.72 on 01 December 2020. The Malaysian market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 9.0% over the same period. Reported Earnings • Feb 26
Full year 2020 earnings released: EPS RM0.077 (vs RM0.047 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: RM191.1m (up 9.6% from FY 2019). Net income: RM27.4m (up RM43.7m from FY 2019). Profit margin: 14% (up from net loss in FY 2019). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 20% per year. Is New 90 Day High Low • Dec 24
New 90-day low: RM0.66 The company is down 4.0% from its price of RM0.69 on 25 September 2020. The Malaysian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 36% over the same period. Reported Earnings • Oct 31
Third quarter earnings released Over the last 12 months the company has reported total profits of RM6.31m, with earnings increasing by RM16.3m from the prior year. Total revenue was RM186.7m over the last 12 months, up 11% from the prior year.