New Risk • Jun 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Earnings have declined by 15% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Profit margins are more than 30% lower than last year (1.6% net profit margin). Market cap is less than US$100m (RM262.9m market cap, or US$64.6m). Reported Earnings • May 21
First quarter 2026 earnings released: RM0.008 loss per share (vs RM0.003 loss in 1Q 2025) First quarter 2026 results: RM0.008 loss per share (further deteriorated from RM0.003 loss in 1Q 2025). Revenue: RM25.5m (up 87% from 1Q 2025). Net loss: RM2.61m (loss widened 209% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Apr 30
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to RM0.57. The fair value is estimated to be RM0.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Apr 29
Skygate Solutions Berhad, Annual General Meeting, Jun 09, 2026 Skygate Solutions Berhad, Annual General Meeting, Jun 09, 2026, at 09:30 Singapore Standard Time. Location: iconic marjorie hotel, 239a, jalan sultan azlan shah, 11900 bayan lepas, pulau pinang, Malaysia Buy Or Sell Opportunity • Apr 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to RM0.58. The fair value is estimated to be RM0.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Mar 16
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to RM0.57. The fair value is estimated to be RM0.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Feb 28
Full year 2025 earnings released: EPS: RM0.01 (vs RM0.018 in FY 2024) Full year 2025 results: EPS: RM0.01 (down from RM0.018 in FY 2024). Revenue: RM89.7m (up 35% from FY 2024). Net income: RM3.38m (down 40% from FY 2024). Profit margin: 3.8% (down from 8.5% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 19
Third quarter 2025 earnings released: EPS: RM0.004 (vs RM0.004 in 3Q 2024) Third quarter 2025 results: EPS: RM0.004 (in line with 3Q 2024). Revenue: RM22.3m (up 30% from 3Q 2024). Net income: RM1.28m (up 6.7% from 3Q 2024). Profit margin: 5.7% (down from 7.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Announcement • Aug 22
Skygate Solutions Berhad (KLSE:SKYGATE) agreed to acquire 10% stake in Fasons Holdings Sdn. Bhd. from Khoo Boo Inn and Khoo Teng Jin for approximately MYR 2.86 million. Skygate Solutions Berhad (KLSE:SKYGATE) agreed to acquire 10% stake in Fasons Holdings Sdn. Bhd. from Khoo Boo Inn and Khoo Teng Jin for approximately MYR 2.86 million on August 21, 2025. A cash consideration of MYR 0.66 million will be paid by Skygate Solutions Berhad. The consideration consists of treasury shares of Skygate Solutions Berhad having a value of MYR 2.2 million to be issued for common equity of Fasons Holdings Sdn. Bhd. As part of consideration, MYR 2.86 million is paid towards common equity of Fasons Holdings Sdn. Bhd. The transaction will be financed through equity investment of MYR 0.66 million. Before completion, Khoo Boo Inn holds 71.16% stake and Khoo Teng Jin holds 20.2% stake in Fasons Holdings Sdn. Bhd. After completion, Khoo Boo Inn will hold 15.2% stake in Fasons Holdings Sdn. Bhd. Reported Earnings • Aug 21
Second quarter 2025 earnings released: EPS: RM0.002 (vs RM0.001 in 2Q 2024) Second quarter 2025 results: EPS: RM0.002 (up from RM0.001 in 2Q 2024). Revenue: RM26.6m (up 98% from 2Q 2024). Net income: RM680.0k (up 204% from 2Q 2024). Profit margin: 2.6% (up from 1.7% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 30% per year. New Risk • Aug 04
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 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 54% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (RM252.4m market cap, or US$59.6m). Board Change • Aug 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Non-Executive Director Yen Yeow Tan is the most experienced director on the board, commencing their role in 2015. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • May 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Malaysian stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 54% per year over the past 5 years. Minor Risk Market cap is less than US$100m (RM211.4m market cap, or US$49.6m). Reported Earnings • May 17
First quarter 2025 earnings released: RM0.003 loss per share (vs RM0.005 profit in 1Q 2024) First quarter 2025 results: RM0.003 loss per share (down from RM0.005 profit in 1Q 2024). Revenue: RM13.7m (down 6.1% from 1Q 2024). Net loss: RM844.0k (down 157% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 29
Skygate Solutions Berhad, Annual General Meeting, Jun 16, 2025 Skygate Solutions Berhad, Annual General Meeting, Jun 16, 2025, at 10:00 Singapore Standard Time. Location: iconic majorie hotel, 239a, jalan sultan azlan shah, 11900 bayan lepas, pulau pinang, Malaysia Announcement • Apr 16
Skygate Solutions Berhad (KLSE:SKYGATE) agreed to acquire 51% stake in Leader Range Technology Sdn. Bhd. from Electronics & Electrical Fund managed by Kumpulan Modal Perdana Sdn Bhd, E&E Catalyst SDN. BHD. and Ong Chee Fui for MYR 1.5 million. Skygate Solutions Berhad (KLSE:SKYGATE) agreed to acquire 51% stake in Leader Range Technology Sdn. Bhd. from Electronics & Electrical Fund managed by Kumpulan Modal Perdana Sdn Bhd, E&E Catalyst SDN. BHD. and Ong Chee Fui for MYR 1.5 million on April 15, 2025. A cash consideration of MYR 1.53 million will be paid by Skygate Solutions Berhad. As part of consideration, MYR 1.53 million is paid towards common equity of Leader Range Technology Sdn. Bhd. New Risk • Mar 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Malaysian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 63% per year over the past 5 years. Minor Risk Market cap is less than US$100m (RM186.2m market cap, or US$42.1m). Reported Earnings • Mar 01
Full year 2024 earnings released: EPS: RM0.018 (vs RM0.004 in FY 2023) Full year 2024 results: EPS: RM0.018 (up from RM0.004 in FY 2023). Revenue: RM66.2m (up 72% from FY 2023). Net income: RM5.64m (up 404% from FY 2023). Profit margin: 8.5% (up from 2.9% 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 17% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings. New Risk • Dec 12
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 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 70% per year over the past 5 years. High level of non-cash earnings (29% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Market cap is less than US$100m (RM296.6m market cap, or US$66.8m). Reported Earnings • Nov 20
Third quarter 2024 earnings released: EPS: RM0.004 (vs RM0.003 in 3Q 2023) Third quarter 2024 results: EPS: RM0.004 (up from RM0.003 in 3Q 2023). Revenue: RM17.2m (up 47% from 3Q 2023). Net income: RM1.20m (up 14% from 3Q 2023). Profit margin: 7.0% (down from 8.9% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings. Reported Earnings • Aug 21
Second quarter 2024 earnings released: EPS: RM0.001 (vs RM0.002 in 2Q 2023) Second quarter 2024 results: EPS: RM0.001 (down from RM0.002 in 2Q 2023). Revenue: RM13.4m (up 73% from 2Q 2023). Net income: RM224.0k (down 63% from 2Q 2023). Profit margin: 1.7% (down from 7.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. New Risk • Jul 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 68% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Market cap is less than US$100m (RM394.4m market cap, or US$84.5m). Announcement • Jul 16
Ewein Berhad (KLSE:EWEIN) completed the acquisition of VS Solution Services Sdn. Bhd from Ooi Eng Leong, Goh Kiang Teng, Goh Yin Ze and Chew Tien Kee. Ewein Berhad (KLSE:EWEIN) entered into a share sale agreement to acquire VS Solution Services Sdn. Bhd from Ooi Eng Leong, Goh Kiang Teng, Goh Yin Ze and Chew Tien Kee for MYR 32 million on May 15, 2024. The consideration will be paid by the way of cash and issuance of Ewein shares. The Cash Consideration shall be financed via the internally generated funds of Ewein. The deal is subject to approval from shareholders and board of directors of Ewein, regulatory approval, and consummation of due diligence. The deal is expected to be completed by the second half of 2024. Bursa Malaysia Securities Berhad resolved to approve the listing and quotation of 17.978 minion new ordinary shares to be issued pursuant to the acquisition which is subject to multiple conditions. As of June 28, 2024, all the conditions precedent as set out in the agreement for the VSS acquisition has been fulfilled. MainStreet Advisers Sdn Bhd acted as financial advisor and UOB Kay Hian Securities (M) Sdn Bhd. acted as due diligence provider to Ewein.
Ewein Berhad (KLSE:EWEIN) completed the acquisition of VS Solution Services Sdn. Bhd from Ooi Eng Leong, Goh Kiang Teng, Goh Yin Ze and Chew Tien Kee on July 15, 2024. Reported Earnings • May 29
First quarter 2024 earnings released: EPS: RM0.005 (vs RM0.002 in 1Q 2023) First quarter 2024 results: EPS: RM0.005 (up from RM0.002 in 1Q 2023). Revenue: RM14.5m (up 94% from 1Q 2023). Net income: RM1.49m (up 108% from 1Q 2023). Profit margin: 10% (in line with 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Announcement • May 17
Ewein Berhad (KLSE:EWEIN) entered into a share sale agreement to acquire VS Solution Services Sdn. Bhd from Ooi Eng Leong, Goh Kiang Teng, Goh Yin Ze and Chew Tien Kee for MYR 32 million. Ewein Berhad (KLSE:EWEIN) entered into a share sale agreement to acquire VS Solution Services Sdn. Bhd from Ooi Eng Leong, Goh Kiang Teng, Goh Yin Ze and Chew Tien Kee for MYR 32 million on May 15, 2024. The consideration will be paid by the way of cash and issuance of Ewein shares. The Cash Consideration shall be financed via the internally generated funds of Ewein. The deal is subject to approval from shareholders and board of directors of Ewein, regulatory approval, and consummation of due diligence. The deal is expected to be completed by the second half of 2024. MainStreet Advisers Sdn Bhd acted as financial advisor and UOB Kay Hian Securities (M) Sdn Bhd. acted as due diligence provider to Ewein. Buy Or Sell Opportunity • May 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.7% to RM0.91. The fair value is estimated to be RM1.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 59% over the last 3 years. Meanwhile, the company has become profitable. Announcement • May 01
Ewein Berhad, Annual General Meeting, Jun 28, 2024 Ewein Berhad, Annual General Meeting, Jun 28, 2024, at 10:00 Singapore Standard Time. Location: the Meeting Room, Suite 1-01-02 Gelugor Pulau Pinang Malaysia Agenda: To receive the Audited Financial Statements of the Company for the financial year ended 31 December 2023 and the Reports of the Directors and Auditors thereon; to approve the payment of Directors fees and Directors benefits amounting to RM 355,000 for the financial year ending 31 December 2024; to reelect Tan Yen Yeow who retires pursuant to Article 95 of the Company s Constitution; to reelect Tan Yen Yeow who retires pursuant to Article 95 of the Company s Constitution; to reelect Tay Seng Chew who retires pursuant to Article 102 of the Company s Constitution; to reelect Puan Mazlina Binti Mohamad who retires pursuant to Article 102 of the Company s Constitution; to reelect Puan Mazlina Binti Mohamad who retires pursuant to Article 102 of the Company s Constitution; to re appoint Messrs. Grant Thornton Malaysia PLT as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Directors to fix their remuneration; and to consider other matters. Buy Or Sell Opportunity • Apr 15
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to RM0.89. The fair value is estimated to be RM1.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 59% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Feb 27
Full year 2023 earnings released: EPS: RM0.004 (vs RM0.002 loss in FY 2022) Full year 2023 results: EPS: RM0.004 (up from RM0.002 loss in FY 2022). Revenue: RM37.7m (down 20% from FY 2022). Net income: RM1.12m (up RM1.60m from FY 2022). Profit margin: 3.0% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Feb 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to RM0.88. The fair value is estimated to be RM1.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 59% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Nov 21
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: 2.4% Last year net profit margin: 7.8% 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 Earnings have declined by 59% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (2.4% net profit margin). Market cap is less than US$100m (RM328.7m market cap, or US$70.6m). Board Change • Aug 25
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Non-Executive Director Yen Yeow Tan is the most experienced director on the board, commencing their role in 2015. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 23
Ewein Berhad Announces Resignation of Dato Choong Khuat Seng as Independent and Non Executive Member of Remuneration Committee, Effective on August 22, 2023 Ewein Berhad announced resignation of DATO CHOONG KHUAT SENG, aged 63 as Independent and Non Executive Member of Remuneration Committee, effective on August 22, 2023. Composition of Audit Committee (Name and Directorate of members after change): Rosnani Binti Hj Mahmod - Independent Non-Executive Director (Chairman); Tan Yen Yeow - Independent Non-Executive Director (Member); Mazlina Binti Mohamad - Independent Non-Executive Director (Member). Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: RM0.002 (vs RM0.003 loss in 2Q 2022) Second quarter 2023 results: EPS: RM0.002 (up from RM0.003 loss in 2Q 2022). Revenue: RM7.79m (down 13% from 2Q 2022). Net income: RM609.0k (up RM1.53m from 2Q 2022). Profit margin: 7.8% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 155 percentage points per year, which is a significant difference in performance. New Risk • Jun 24
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 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 45% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (RM285.0m market cap, or US$61.0m). Reported Earnings • May 23
First quarter 2023 earnings released: EPS: RM0.002 (vs RM0.001 in 1Q 2022) First quarter 2023 results: EPS: RM0.002 (up from RM0.001 in 1Q 2022). Revenue: RM7.50m (down 20% from 1Q 2022). Net income: RM716.0k (up 116% from 1Q 2022). Profit margin: 9.6% (up from 3.6% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 01
Full year 2022 earnings released: RM0.002 loss per share (vs RM0.022 profit in FY 2021) Full year 2022 results: RM0.002 loss per share (down from RM0.022 profit in FY 2021). Revenue: RM46.8m (down 52% from FY 2021). Net loss: RM485.0k (down 107% from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 111 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 22
Third quarter 2022 earnings released: EPS: RM0.005 (vs RM0.001 loss in 3Q 2021) Third quarter 2022 results: EPS: RM0.005 (up from RM0.001 loss in 3Q 2021). Revenue: RM13.0m (down 33% from 3Q 2021). Net income: RM1.46m (up RM1.73m from 3Q 2021). Profit margin: 11% (up from net loss in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 18
Second quarter 2022 earnings released: RM0.003 loss per share (vs RM0.005 loss in 2Q 2021) Second quarter 2022 results: RM0.003 loss per share (up from RM0.005 loss in 2Q 2021). Revenue: RM8.96m (down 59% from 2Q 2021). Net loss: RM923.0k (loss narrowed 42% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Reported Earnings • May 26
First quarter 2022 earnings released: EPS: RM0.001 (vs RM0.016 in 1Q 2021) First quarter 2022 results: EPS: RM0.001 (down from RM0.016 in 1Q 2021). Revenue: RM9.34m (down 66% from 1Q 2021). Net income: RM332.0k (down 93% from 1Q 2021). Profit margin: 3.6% (down from 17% in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Announcement • May 02
Ewein Berhad, Annual General Meeting, Jun 24, 2022 Ewein Berhad, Annual General Meeting, Jun 24, 2022, at 10:30 Singapore Standard Time. Location: Meeting Room, Suite 1-01-02, Menara IJM Land, No. 1, Lebuh Tunku Kudin 3 Gelugor Pulau Pinang Malaysia Agenda: To consider and receive the Audited Financial Statements for the financial year ended 31 December 2021 together with the Reports of the Directors and Auditors thereon; to approve the payment of a final single tier dividend of 0.5 sen per ordinary share for the financial year ended 31 December 2021; to approve the payment of Directors' fees and Directors' benefits of MYR 355,000.00 for the financial year ending 31 December 2022; and to consider other matters. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: RM0.023 (down from RM0.039 in FY 2020). Revenue: RM93.8m (down 52% from FY 2020). Net income: RM6.91m (down 40% from FY 2020). Profit margin: 7.4% (up from 6.0% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance. Announcement • Feb 26
Ewein Berhad Proposes Final Single Tier Dividend in Respect of the Financial Year Ended 31 December 2021 The Board of Directors of Ewein proposed a final single tier dividend of 0.5 sen per ordinary share in respect of the financial year ended 31 December 2021, subject to the shareholders’ approval at the forthcoming Annual General Meeting. Reported Earnings • Sep 25
Second quarter 2021 earnings released: RM0.005 loss per share (vs RM0.006 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: RM22.1m (down 20% from 2Q 2020). Net loss: RM1.60m (down 191% from profit in 2Q 2020). 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 20% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 02
Upcoming dividend of RM0.035 per share Eligible shareholders must have bought the stock before 09 September 2021. Payment date: 27 September 2021. Trailing yield: 17%. Within top quartile of Malaysian dividend payers (4.1%). Higher than average of industry peers (4.0%). Announcement • May 30
Ewein Berhad Announces Final Single Tier Dividend for the Financial Year Ended December 31, 2020, Payable on September 27, 2021 Ewein Berhad announced a final single tier dividend of 3.5 sen per ordinary share for the financial year ended December 31, 2020. The ex-date is September 9, 2021, entitlement date is September 10, 2021 and payment date is September 27, 2021. Reported Earnings • May 22
First quarter 2021 earnings released: EPS RM0.016 (vs RM0.016 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: RM27.7m (down 43% from 1Q 2020). Net income: RM4.69m (up 5.2% from 1Q 2020). Profit margin: 17% (up from 9.2% 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 19% per year whereas the company’s share price has fallen by 18% per year. Is New 90 Day High Low • Mar 10
New 90-day high: RM0.38 The company is up 13% from its price of RM0.34 on 10 December 2020. The Malaysian market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 1.0% over the same period.