New Risk • May 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 25% 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 Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 1.4% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • May 23
Second quarter 2026 earnings released: EPS: RM0.049 (vs RM0.031 in 2Q 2025) Second quarter 2026 results: EPS: RM0.049 (up from RM0.031 in 2Q 2025). Revenue: RM148.6m (down 32% from 2Q 2025). Net income: RM28.0m (up 58% from 2Q 2025). Profit margin: 19% (up from 8.1% in 2Q 2025). The increase in margin was driven by lower expenses. 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 15% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 23
New major risk - Revenue and earnings growth Earnings have declined by 1.4% 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 Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 1.4% per year over the past 5 years. New Risk • May 15
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 11% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to RM1.13, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 10x in the Real Estate industry in Malaysia. Total loss to shareholders of 2.5% over the past three years. Announcement • Mar 15
MKH Berhad and Hillpark Resources Sdn. Bhd Provide Update on Material Litigation MKH Berhad made reference to an earlier announcement dated December 2, 2025 pertaining to the Writ of Summons and Statement of Claim ("Suit") filed by Mohd Zikri bin Md. Zaini and 46 Others ("Plaintiffs") against Hillpark Resources Sdn. Bhd. and MKH Berhad (collectively referred to as the "Defendants"). The Company announced that MKH Berhad’s application to strike out the Plaintiffs' Suit against MKH Berhad has been allowed by the Court with costs of MYR 1,500 to be paid by the Plaintiffs to MKH Berhad. Reported Earnings • Feb 04
Full year 2025 earnings released: EPS: RM0.15 (vs RM0.13 in FY 2024) Full year 2025 results: EPS: RM0.15 (up from RM0.13 in FY 2024). Revenue: RM951.5m (down 10% from FY 2024). Net income: RM88.5m (up 17% from FY 2024). Profit margin: 9.3% (up from 7.1% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 7% per year. Announcement • Jan 29
MKH Berhad, Annual General Meeting, Mar 12, 2026 MKH Berhad, Annual General Meeting, Mar 12, 2026, at 10:00 Singapore Standard Time. Location: emerald ballroom, 1st floor, rhr hotel @ kajang, jalan semenyih, 43000 kajang, selangor darul ehsan, Malaysia Upcoming Dividend • Dec 15
Upcoming dividend of RM0.03 per share Eligible shareholders must have bought the stock before 22 December 2025. Payment date: 09 January 2026. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Malaysian dividend payers (5.5%). Lower than average of industry peers (3.5%). Declared Dividend • Nov 29
Dividend reduced to RM0.03 Dividend of RM0.03 is 25% lower than last year. Ex-date: 22nd December 2025 Payment date: 9th January 2026 Dividend yield will be 2.9%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 28
Full year 2025 earnings released: EPS: RM0.15 (vs RM0.13 in FY 2024) Full year 2025 results: EPS: RM0.15 (up from RM0.13 in FY 2024). Revenue: RM951.5m (down 10% from FY 2024). Net income: RM89.5m (up 18% from FY 2024). Profit margin: 9.4% (up from 7.2% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 6% per year. Announcement • Nov 28
MKH Berhad Approves First Interim Single Tier Dividend for the Financial Year Ended 30 September 2025, Payable on 9 January 2026 The Board of Directors of MKH Berhad has approved a first interim single tier dividend of 3.0 sen per ordinary share on 27 November 2025 for the financial year ended 30 September 2025 and to be paid on 9 January 2026 to shareholders whose name appear on the Company's Record of Depositors on 23 December 2025. Board Change • Nov 07
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. 2 experienced directors. 4 highly experienced directors. Independent & Non Executive Director Lee Yee was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 29
Third quarter 2025 earnings released: EPS: RM0.029 (vs RM0.019 in 3Q 2024) Third quarter 2025 results: EPS: RM0.029 (up from RM0.019 in 3Q 2024). Revenue: RM231.3m (down 1.8% from 3Q 2024). Net income: RM16.9m (up 57% from 3Q 2024). Profit margin: 7.3% (up from 4.6% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 7% per year. Board Change • Jul 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. 2 experienced directors. 4 highly experienced directors. Independent & Non Executive Director Michelle Lee was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 29
Second quarter 2025 earnings released: EPS: RM0.031 (vs RM0.036 in 2Q 2024) Second quarter 2025 results: EPS: RM0.031 (down from RM0.036 in 2Q 2024). Revenue: RM219.9m (down 18% from 2Q 2024). Net income: RM17.7m (down 15% from 2Q 2024). Profit margin: 8.1% (up from 7.8% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Apr 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to RM0.98. The fair value is estimated to be RM1.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has declined by 9.5%. Revenue is forecast to grow by 5.7% in 2 years. Earnings are forecast to grow by 16% in the next 2 years. Reported Earnings • Mar 01
First quarter 2025 earnings released: EPS: RM0.043 (vs RM0.041 in 1Q 2024) First quarter 2025 results: EPS: RM0.043 (up from RM0.041 in 1Q 2024). Revenue: RM249.0m (down 18% from 1Q 2024). Net income: RM24.9m (up 5.6% from 1Q 2024). Profit margin: 10.0% (up from 7.8% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 6% per year. Reported Earnings • Jan 31
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: RM0.13 (up from RM0.13 in FY 2023). Revenue: RM1.06b (flat on FY 2023). Net income: RM76.1m (up 2.0% from FY 2023). Profit margin: 7.2% (up from 7.0% in FY 2023). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 8.8%. Revenue is forecast to stay flat during the next 3 years compared to a 8.3% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 5% per year. Announcement • Jan 24
MKH Berhad, Annual General Meeting, Mar 20, 2025 MKH Berhad, Annual General Meeting, Mar 20, 2025, at 10:00 Singapore Standard Time. Location: emerald ballroom, 1st floor, rhr hotel @ kajang, jalan semenyih, 43000 kajang, selangor darul ehsan, Malaysia Buy Or Sell Opportunity • Jan 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to RM1.12. The fair value is estimated to be RM1.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has declined by 7.4%. For the next 3 years, revenue is forecast to grow by 0.2% per annum. Earnings are also forecast to grow by 7.8% per annum over the same time period. Buy Or Sell Opportunity • Jan 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to RM1.13. The fair value is estimated to be RM1.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has declined by 7.4%. For the next 3 years, revenue is forecast to grow by 0.2% per annum. Earnings are also forecast to grow by 7.8% per annum over the same time period. Buy Or Sell Opportunity • Dec 20
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to RM1.11. The fair value is estimated to be RM1.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has declined by 7.4%. For the next 3 years, revenue is forecast to grow by 0.2% per annum. Earnings are also forecast to grow by 7.8% per annum over the same time period. Upcoming Dividend • Dec 14
Upcoming dividend of RM0.04 per share Eligible shareholders must have bought the stock before 20 December 2024. Payment date: 10 January 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Malaysian dividend payers (5.0%). In line with average of industry peers (3.4%). Declared Dividend • Nov 30
Dividend of RM0.04 announced Dividend of RM0.04 is the same as last year. Ex-date: 20th December 2024 Payment date: 10th January 2025 Dividend yield will be 3.4%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 29
Full year 2024 earnings released: EPS: RM0.13 (vs RM0.13 in FY 2023) Full year 2024 results: EPS: RM0.13 (down from RM0.13 in FY 2023). Revenue: RM1.06b (flat on FY 2023). Net income: RM73.8m (down 1.1% from FY 2023). Profit margin: 7.0% (in line with FY 2023). Revenue is forecast to stay flat during the next 3 years compared to a 8.1% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Nov 29
MKH Berhad Announces First Interim Single Tier Dividend for the Financial Year Ended 30 September 2024, Payable on 10 January 2025 MKH Berhad announced the First Interim Single Tier Dividend of 4.0 sen per ordinary share for the financial year ended 30 September 2024, Payable on 10 January 2025. Ex-Date is on 20 December 2024 with Entitlement date on 23 December 2024. Major Estimate Revision • Sep 05
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from RM1.08b to RM1.03b. EPS estimate also fell from RM0.162 per share to RM0.141 per share. Net income forecast to grow 25% next year vs 9.6% growth forecast for Real Estate industry in Malaysia. Consensus price target down from RM1.78 to RM1.63. Share price was steady at RM1.32 over the past week. Price Target Changed • Aug 31
Price target decreased by 8.5% to RM1.63 Down from RM1.78, the current price target is an average from 2 analysts. New target price is 25% above last closing price of RM1.30. Stock is down 6.5% over the past year. The company is forecast to post earnings per share of RM0.14 for next year compared to RM0.13 last year. Reported Earnings • Aug 30
Third quarter 2024 earnings released: EPS: RM0.019 (vs RM0.037 in 3Q 2023) Third quarter 2024 results: EPS: RM0.019 (down from RM0.037 in 3Q 2023). Revenue: RM235.5m (down 14% from 3Q 2023). Net income: RM10.8m (down 50% from 3Q 2023). Profit margin: 4.6% (down from 7.9% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 4.1% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Malaysia are expected to grow by 8.7%. Over the last 3 years on average, earnings per share has fallen by 1% per year and the company’s share price has also fallen by 1% per year. Announcement • May 26
MKH Berhad Reports Property, Plant and Equipment Written Off for the Second Quarter Ended March 31, 2024 MKH Berhad reported property, plant and equipment written off for the second quarter ended March 31, 2024 of MYR 76,000. Reported Earnings • May 25
Second quarter 2024 earnings released: EPS: RM0.036 (vs RM0.043 in 2Q 2023) Second quarter 2024 results: EPS: RM0.036 (down from RM0.043 in 2Q 2023). Revenue: RM267.1m (up 4.5% from 2Q 2023). Net income: RM20.7m (down 17% from 2Q 2023). Profit margin: 7.8% (down from 9.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 4.9% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Malaysia are expected to grow by 8.0%. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year. Reported Earnings • Feb 29
First quarter 2024 earnings released: EPS: RM0.041 (vs RM0.016 in 1Q 2023) First quarter 2024 results: EPS: RM0.041 (up from RM0.016 in 1Q 2023). Revenue: RM303.5m (up 37% from 1Q 2023). Net income: RM23.6m (up 157% from 1Q 2023). Profit margin: 7.8% (up from 4.1% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 5.7% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Malaysia are expected to grow by 8.5%. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Feb 01
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: RM0.13 (down from RM0.20 in FY 2022). Revenue: RM1.06b (up 9.9% from FY 2022). Net income: RM74.6m (down 34% from FY 2022). Profit margin: 7.0% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 7.7%. Revenue is expected to decline by 3.0% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Malaysia are expected to grow by 9.0%. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jan 30
MKH Berhad, Annual General Meeting, Mar 12, 2024 MKH Berhad, Annual General Meeting, Mar 12, 2024, at 10:00 Singapore Standard Time. Location: Emerald Ballroom, 1st Floor RHR Hotel @ Kajang, Jalan Semenyih 43000 Kajang, Selangor Darul Ehsan Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 30 September 2023 together with the Directors' and Auditors' reports thereon; To approve the payment of Directors' fees amounting to RM227,500 for the financial year ended 30 September 2023 to the Non-Executive Directors. Upcoming Dividend • Dec 15
Upcoming dividend of RM0.04 per share at 2.8% yield Eligible shareholders must have bought the stock before 22 December 2023. Payment date: 10 January 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Malaysian dividend payers (5.1%). Lower than average of industry peers (4.1%). Reported Earnings • Nov 30
Full year 2023 earnings released: EPS: RM0.13 (vs RM0.20 in FY 2022) Full year 2023 results: EPS: RM0.13 (down from RM0.20 in FY 2022). Revenue: RM1.06b (up 9.9% from FY 2022). Net income: RM74.6m (down 34% from FY 2022). Profit margin: 7.0% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 8.9% growth forecast for the Real Estate 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 fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Nov 30
MKH Berhad Announces First Interim Single Tier Dividend for the Financial Year Ended September 30, 2023, Payable on January 10, 2024 MKH Berhad announced first interim single tier dividend of 4.0 sen per ordinary share for the financial year ended September 30, 2023. Ex-Date is 22 December 2023; Entitlement date is 26 December 2023; Payment Date is 10 January 2024. Price Target Changed • Nov 23
Price target increased by 28% to RM1.73 Up from RM1.35, the current price target is an average from 2 analysts. New target price is 22% above last closing price of RM1.42. Stock is up 14% over the past year. The company is forecast to post earnings per share of RM0.14 for next year compared to RM0.19 last year. Reported Earnings • Aug 30
Third quarter 2023 earnings released: EPS: RM0.038 (vs RM0.057 in 3Q 2022) Third quarter 2023 results: EPS: RM0.038 (down from RM0.057 in 3Q 2022). Revenue: RM273.7m (up 6.7% from 3Q 2022). Net income: RM21.6m (down 34% from 3Q 2022). Profit margin: 7.9% (down from 13% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.3% growth forecast for the Real Estate industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 30
Second quarter 2023 earnings released: EPS: RM0.043 (vs RM0.058 in 2Q 2022) Second quarter 2023 results: EPS: RM0.043 (down from RM0.058 in 2Q 2022). Revenue: RM255.6m (up 3.1% from 2Q 2022). Net income: RM25.1m (down 26% from 2Q 2022). Profit margin: 9.8% (down from 14% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 3.2% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Malaysia are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 01
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: RM0.20 (up from RM0.14 in FY 2021). Revenue: RM968.1m (up 6.0% from FY 2021). Net income: RM112.4m (up 40% from FY 2021). Profit margin: 12% (up from 8.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 4.2%. Revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Malaysia are expected to grow by 2.6%. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Jan 28
MKH Berhad, Annual General Meeting, Mar 16, 2023 MKH Berhad, Annual General Meeting, Mar 16, 2023, at 10:00 Singapore Standard Time. Location: Emerald Ballroom, 1st Floor, RHR Hotel @ Kajang, Jalan Semenyih Kajang Selangor Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 30 September 2022 together with the Directors' and Auditors' reports thereon; to approve the payment of Directors' fees amounting to MYR 200,000 for the financial year ended 30 September 2022 to the Non-Executive Directors; to approve the payment of Directors' benefits (excluding Directors' fees) to the Non-Executive Directors from 16 March 2023 until the next Annual General Meeting of the Company; to re-elect Directors; to re-appoint Deloitte PLT as the Company's Auditors for the financial year ending 30 September 2023 and to authorise the Directors to fix their remuneration; and to consider other matters. Upcoming Dividend • Dec 13
Upcoming dividend of RM0.04 per share Eligible shareholders must have bought the stock before 20 December 2022. Payment date: 06 January 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Malaysian dividend payers (5.0%). Lower than average of industry peers (4.0%). Reported Earnings • Dec 03
Full year 2022 earnings released: EPS: RM0.19 (vs RM0.14 in FY 2021) Full year 2022 results: EPS: RM0.19 (up from RM0.14 in FY 2021). Revenue: RM968.1m (up 6.0% from FY 2021). Net income: RM108.3m (up 35% from FY 2021). Profit margin: 11% (up from 8.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Malaysia are expected to grow by 3.8%. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 16
Price target decreased to RM1.34 Down from RM1.70, the current price target is provided by 1 analyst. New target price is 12% above last closing price of RM1.20. Stock is down 9.8% over the past year. The company is forecast to post earnings per share of RM0.18 for next year compared to RM0.14 last year. Announcement • Aug 30
MKH Berhad Reports Write Offs for the Quarter Ended June 30, 2022 MKH Berhad reported write offs for the quarter ended June 30, 2022. for the quarter, the company reported Property, plant and equipment written off of MYR 4,000. Reported Earnings • Aug 30
Third quarter 2022 earnings released: EPS: RM0.057 (vs RM0.037 in 3Q 2021) Third quarter 2022 results: EPS: RM0.057 (up from RM0.037 in 3Q 2021). Revenue: RM256.5m (up 26% from 3Q 2021). Net income: RM32.6m (up 52% from 3Q 2021). Profit margin: 13% (up from 11% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Jun 02
MKH Berhad Announces Board Appointments MKH Berhad announce the appointment of Ms Hoon Shat Mei as an Independent Non-Executive Director and Audit Committee Chairman of MKH on 1 June 2022 and changes in the composition of the Board of Directors and Board Committees are as follows Composition of the Board of Directors: Tan Sri Dato' Chen Kooi Chiew @ Cheng Ngi Chong (Executive Director - Group Executive Chairman), Tan Sri Datuk Chen Lok Loi (Executive Director - Group Managing Director), Datuk Chen Fook Wah (Executive Director Deputy Managing Director), Datuk Mohammad bin Maidon (Independent Non-Executive Director), Dato' Lim Hong Shuan (Independent Non-Executive Director), Ms Hoon Shat Mei (Independent Non-Executive Director), Encik Jeffrey bin Bosra (Non-Independent Non-Executive Director), Composition of the Audit Committee Ms Hoon Shat Mei (Chairman of the Audit Committee) Datuk Mohammad bin Maidon (Member of the Audit Committee), Dato' Lim Hong Shuan (Member of the Audit Committee) and Encik Jeffrey bin Bosra (Member of the Audit Committee). Reported Earnings • May 31
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: RM0.059 (up from RM0.028 in 2Q 2021). Revenue: RM248.0m (down 6.3% from 2Q 2021). Net income: RM33.8m (up 106% from 2Q 2021). Profit margin: 14% (up from 6.2% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 38%. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 2% per year. Reported Earnings • Feb 27
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: RM0.054 (up from RM0.053 in 1Q 2021). Revenue: RM204.3m (down 10% from 1Q 2021). Net income: RM31.3m (up 3.2% from 1Q 2021). Profit margin: 15% (up from 13% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 38%. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • Jan 28
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: RM0.14 (up from RM0.072 in FY 2020). Revenue: RM913.6m (flat on FY 2020). Net income: RM80.4m (up 93% from FY 2020). Profit margin: 8.8% (up from 4.6% in FY 2020). Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 38%. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 15
Upcoming dividend of RM0.035 per share Eligible shareholders must have bought the stock before 22 December 2021. Payment date: 07 January 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Malaysian dividend payers (4.5%). Lower than average of industry peers (4.2%). Reported Earnings • Nov 30
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: RM0.13 (up from RM0.072 in FY 2020). Revenue: RM913.6m (flat on FY 2020). Net income: RM76.3m (up 83% from FY 2020). Profit margin: 8.4% (up from 4.6% in FY 2020). Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 38%. Earnings per share (EPS) missed analyst estimates by 38%. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Aug 29
Third quarter 2021 earnings released: EPS RM0.037 (vs RM0.056 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: RM203.5m (up 48% from 3Q 2020). Net income: RM21.5m (down 34% from 3Q 2020). Profit margin: 11% (down from 23% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Jun 02
Second quarter 2021 earnings released: EPS RM0.028 (vs RM0.017 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RM264.7m (up 8.8% from 2Q 2020). Net income: RM16.4m (up RM26.1m from 2Q 2020). Profit margin: 6.2% (up from net loss in 2Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Executive Departure • May 20
Independent Non-Executive Director has left the company On the 10th of May, Hasan Bin Mohd Johan's tenure as Independent Non-Executive Director ended after 7.8 years in the role. We don't have any record of a personal shareholding under Hasan's name. A total of 2 executives have left over the last 12 months. Is New 90 Day High Low • Mar 15
New 90-day high: RM1.53 The company is up 8.0% from a price of RM1.42 on 15 December 2020. Outperformed the Malaysian market which is flat over the last 90 days. Exceeded the Real Estate industry, which is up 3.0% over the same period. Executive Departure • Mar 04
Senior Independent Non-Executive Director has left the company On the 3rd of March, Mohammed Bin Haji Ghazali's tenure as Senior Independent Non-Executive Director ended after 18.0 years in the role. As of December 2020, Mohammed personally held only 77.36k shares (RM107k worth at the time). Mohammed is the only executive to leave the company over the last 12 months. Reported Earnings • Feb 27
First quarter 2021 earnings released: EPS RM0.053 (vs RM0.046 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: RM227.5m (down 6.2% from 1Q 2020). Net income: RM30.4m (up 14% from 1Q 2020). Profit margin: 13% (up from 11% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Jan 31
Full year 2020 earnings released: EPS RM0.074 (vs RM0.14 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: RM911.9m (down 19% from FY 2019). Net income: RM42.7m (down 48% from FY 2019). Profit margin: 4.7% (down from 7.4% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Jan 31
Revenue and earnings miss expectations Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 38%. Over the next year, revenue is forecast to grow 6.8%, compared to a 8.2% growth forecast for the Real Estate industry in Malaysia. Announcement • Jan 30
MKH Berhad, Annual General Meeting, Mar 03, 2021 MKH Berhad, Annual General Meeting, Mar 03, 2021, at 10:00 Singapore Standard Time. Location: Emerald Ballroom, 1st Floor, RHR Hotel @ Kajang Jalan Semenyih, 43000 Kajang Selangor Darul Ehsan Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 30 September 2020 together with the Directors' and Auditors' reports thereon; To approve the payment of Directors' fees amounting to MYR 200,000-00 for the financial year ended 30 September 2020 to the Non-Executive Directors; To approve the payment of Directors' benefits (excluding Directors' fees) to the Non-Executive Directors from 3 March 2021 until the next Annual General Meeting of the Company; To re-elect the following Directors who retire by rotation pursuant to Clause 112(1) of the Company's Constitution and being eligible, have offered themselves for re-election: (a) Datuk Mohammad bin Maidon (b) En. Jeffrey bin Bosra; To re-appoint Deloitte PLT as the Company's Auditors for the financial year ending 30 September 2021 and to authorise the Directors to fix their remuneration; and To consider other matters. Is New 90 Day High Low • Dec 07
New 90-day high: RM1.54 The company is up 24% from its price of RM1.24 on 08 September 2020. The Malaysian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 10.0% over the same period. Analyst Estimate Surprise Post Earnings • Nov 29
Revenue and earnings miss expectations Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 38%. Over the next year, revenue is forecast to grow 3.2%, compared to a 6.8% growth forecast for the Real Estate industry in Malaysia. Reported Earnings • Nov 29
Full year 2020 earnings released: EPS RM0.074 The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: RM911.9m (down 19% from FY 2019). Net income: RM42.7m (down 48% from FY 2019). Profit margin: 4.7% (down from 7.4% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 13
New 90-day high: RM1.36 The company is up 11% from its price of RM1.23 on 14 August 2020. The Malaysian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 1.0% over the same period. Is New 90 Day High Low • Oct 23
New 90-day low: RM1.16 The company is down 13% from its price of RM1.33 on 24 July 2020. The Malaysian market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 1.0% over the same period. 
