Reported Earnings • Aug 05
Full year 2026 earnings released: RM0.096 loss per share (vs RM0.051 profit in FY 2025) Full year 2026 results: RM0.096 loss per share (down from RM0.051 profit in FY 2025). Revenue: RM173.9m (down 54% from FY 2025). Net loss: RM41.1m (down 287% from profit in FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Declared Dividend • Aug 01
Dividend of RM0.03 announced Dividend of RM0.03 is the same as last year. Ex-date: 1st October 2026 Payment date: 14th October 2026 Dividend yield will be 6.4%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (9% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. Announcement • Jul 30
Selangor Dredging Berhad, Annual General Meeting, Sep 30, 2026 Selangor Dredging Berhad, Annual General Meeting, Sep 30, 2026, at 09:00 Singapore Standard Time. Location: ballroom, hotel maya kuala lumpur, 138, jalan ampang, 50450 kuala lumpur, Malaysia Announcement • Jul 14
Selangor Dredging Berhad Announces Appointment of Jason Tham Chun Shoong as Non Independent and Non Executive Member of Risk Management and Sustainability Committee, Effective July 14, 2026 Selangor Dredging Berhad appointed Mr. Jason Tham Chun Shoong, age 37, Senior Finance Manager of the company, as a Non Independent and Non Executive Member of the Risk Management and Sustainability Committee, effective July 14, 2026. The composition of the Risk Management and Sustainability Committee is as follows: Chairperson: Ms Teh Lip Kim (Managing Director), Member: Mr. Loong Ching Hong (Group General Manager), Member: Mr. Jason Tham Chun Shoong (Senior Finance Manager). 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. 2 experienced directors. 2 highly experienced directors. Independent Non Executive Director Boon Boh 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. New Risk • May 30
New major risk - Revenue and earnings growth Earnings have declined by 8.1% 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 8.1% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (RM208.8m market cap, or US$52.6m). Reported Earnings • May 30
Full year 2026 earnings released: RM0.097 loss per share (vs RM0.051 profit in FY 2025) Full year 2026 results: RM0.097 loss per share (down from RM0.051 profit in FY 2025). Revenue: RM174.5m (down 54% from FY 2025). Net loss: RM41.2m (down 288% from profit in FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 29
Second quarter 2026 earnings released: RM0.032 loss per share (vs RM0.031 profit in 2Q 2025) Second quarter 2026 results: RM0.032 loss per share (down from RM0.031 profit in 2Q 2025). Revenue: RM60.3m (down 51% from 2Q 2025). Net loss: RM13.7m (down 203% from profit in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Sep 26
Selangor Dredging Berhad Approves Dividend for the Year Ended 31 March 2025 Selangor Dredging Berhad at its AGM held on September 26, 2025 approved the payment of Dividend of 3 sen per ordinary share for the year ended 31 March 2025. Upcoming Dividend • Sep 25
Upcoming dividend of RM0.03 per share Eligible shareholders must have bought the stock before 02 October 2025. Payment date: 14 October 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.3%. Lower than top quartile of Malaysian dividend payers (5.5%). Higher than average of industry peers (3.4%). New Risk • Aug 27
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 117% The company is paying a dividend despite having no free cash flows. Dividend yield: 5.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 117% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (3.2% net profit margin). Market cap is less than US$100m (RM225.8m market cap, or US$53.4m). Reported Earnings • Aug 05
Full year 2025 earnings released: EPS: RM0.051 (vs RM0.058 in FY 2024) Full year 2025 results: EPS: RM0.051 (down from RM0.058 in FY 2024). Revenue: RM376.0m (up 65% from FY 2024). Net income: RM21.9m (down 11% from FY 2024). Profit margin: 5.8% (down from 11% 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 5% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 01
Dividend of RM0.03 announced Dividend of RM0.03 is the same as last year. Ex-date: 2nd October 2025 Payment date: 14th October 2025 Dividend yield will be 5.6%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Earnings per share has grown by 66% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jul 30
Selangor Dredging Berhad, Annual General Meeting, Sep 26, 2025 Selangor Dredging Berhad, Annual General Meeting, Sep 26, 2025, at 09:00 Singapore Standard Time. Location: the ballroom, hotel maya kuala lumpur, 138, jalan ampang, 50450 kuala lumpur, w.p kuala lumpur, Malaysia Reported Earnings • Jun 02
Full year 2025 earnings released: EPS: RM0.052 (vs RM0.058 in FY 2024) Full year 2025 results: EPS: RM0.052 (down from RM0.058 in FY 2024). Revenue: RM375.9m (up 65% from FY 2024). Net income: RM22.1m (down 10% from FY 2024). Profit margin: 5.9% (down from 11% 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 67% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • May 31
Selangor Dredging Berhad Declares Single-Tier Dividend for the Financial Year Ended 31 March 2025 The Board of Directors of Selangor Dredging Berhad declared a single-tier dividend of 3.0 sen per share in respect of the financial year ended 31 March 2025. The entitlement date and payment date will be announced at a later date. The aforesaid dividend is subject to the approval of the shareholders at the Company's forthcoming Annual General Meeting. New Risk • Mar 30
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (6.3% net profit margin). Market cap is less than US$100m (RM210.9m market cap, or US$47.5m). Reported Earnings • Nov 26
Second quarter 2025 earnings released: EPS: RM0.031 (vs RM0.019 in 2Q 2024) Second quarter 2025 results: EPS: RM0.031 (up from RM0.019 in 2Q 2024). Revenue: RM122.4m (up 142% from 2Q 2024). Net income: RM13.2m (up 60% from 2Q 2024). Profit margin: 11% (down from 16% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 26
Upcoming dividend of RM0.03 per share Eligible shareholders must have bought the stock before 03 October 2024. Payment date: 14 October 2024. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of Malaysian dividend payers (4.7%). Higher than average of industry peers (3.5%). Reported Earnings • Aug 06
Full year 2024 earnings released: EPS: RM0.058 (vs RM0.015 in FY 2023) Full year 2024 results: EPS: RM0.058 (up from RM0.015 in FY 2023). Revenue: RM227.5m (up 65% from FY 2023). Net income: RM24.7m (up 296% from FY 2023). Profit margin: 11% (up from 4.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 02
Dividend of RM0.03 announced Shareholders will receive a dividend of RM0.03. Ex-date: 3rd October 2024 Payment date: 14th October 2024 Dividend yield will be 4.5%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Announcement • Jul 31
Selangor Dredging Berhad, Annual General Meeting, Sep 27, 2024 Selangor Dredging Berhad, Annual General Meeting, Sep 27, 2024, at 09:00 Singapore Standard Time. Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: RM0.058 (vs RM0.015 in FY 2023) Full year 2024 results: EPS: RM0.058 (up from RM0.015 in FY 2023). Revenue: RM227.4m (up 65% from FY 2023). Net income: RM24.8m (up 297% from FY 2023). Profit margin: 11% (up from 4.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 27
Third quarter 2024 earnings released: EPS: RM0.015 (vs RM0 in 3Q 2023) Third quarter 2024 results: EPS: RM0.015 (up from RM0 in 3Q 2023). Revenue: RM62.1m (up 13% from 3Q 2023). Net income: RM6.21m (up RM6.09m from 3Q 2023). Profit margin: 10.0% (up from 0.2% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 106% 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 29
Second quarter 2024 earnings released: EPS: RM0.019 (vs RM0.012 in 2Q 2023) Second quarter 2024 results: EPS: RM0.019 (up from RM0.012 in 2Q 2023). Revenue: RM50.5m (up 24% from 2Q 2023). Net income: RM8.28m (up 57% from 2Q 2023). Profit margin: 16% (up from 13% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Nov 18
Selangor Dredging Berhad Announces Resignation of TEH LIP PINK as Non Independent and Non Executive Director Selangor Dredging Berhad announced the resignation of MISS TEH LIP PINK, age 71 as Non Independent and Non Executive Director. Date of change is on November 17, 2023. Reason: Due to health condition. Announcement • Oct 01
Selangor Dredging Berhad Approves Single-Tier Dividend for the Year Ended 31 March 2023 Selangor Dredging Berhad approve the payment of Single-Tier Dividend of 2.5 sen per ordinary share for the year ended 31 March 2023. Upcoming Dividend • Sep 25
Upcoming dividend of RM0.025 per share at 4.2% yield Eligible shareholders must have bought the stock before 02 October 2023. Payment date: 13 October 2023. Trailing yield: 4.2%. Lower than top quartile of Malaysian dividend payers (5.0%). In line with average of industry peers (3.9%). Reported Earnings • Aug 04
Full year 2023 earnings released: EPS: RM0.015 (vs RM0.016 in FY 2022) Full year 2023 results: EPS: RM0.015 (down from RM0.016 in FY 2022). Revenue: RM137.7m (up 40% from FY 2022). Net income: RM6.25m (down 7.5% from FY 2022). Profit margin: 4.5% (down from 6.9% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Jul 29
Selangor Dredging Berhad, Annual General Meeting, Sep 29, 2023 Selangor Dredging Berhad, Annual General Meeting, Sep 29, 2023, at 09:00 Singapore Standard Time. Agenda: To receive the Audited Financial Statements for the year ended 31 March 2023 and the Directors' and Auditors' Reports thereon; to approve the payment of Single-Tier Dividend ; to approve the payment of Directors' Fees amounting to MYR 322,874 for the year ended 31 March 2023; to approve the payment of Directors' benefits (excluding Directors' fees) to the Non-Executive Directors of up to MYR 20,000 from 1 October 2023 until the next annual general meeting of the Company; to re-elect Boh Boon Chiang who was appointed during the year and retire pursuant to Clause 107(1)(a) of the Company's Constitution; to re-appoint BDO PLT as Auditors of the Company and to authorize the Directors to determine their remuneration; and to consider other matters. Board Change • Jun 15
High number of new directors Independent Non Executive Director Boon Chiang Boh was the last director to join the board, commencing their role in 2023. New Risk • Jun 08
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 174% The company is paying a dividend despite having no free cash flows. Dividend yield: 5.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.3x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 174% Paying a dividend despite having no free cash flows. Earnings have declined by 39% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (4.4% net profit margin). Market cap is less than US$100m (RM191.8m market cap, or US$41.5m). Reported Earnings • Jun 02
Full year 2023 earnings released: EPS: RM0.014 (vs RM0.016 in FY 2022) Full year 2023 results: EPS: RM0.014 (down from RM0.016 in FY 2022). Revenue: RM138.5m (up 41% from FY 2022). Net income: RM6.11m (down 9.5% from FY 2022). Profit margin: 4.4% (down from 6.9% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 25
Third quarter 2023 earnings released: EPS: RM0 (vs RM0 in 3Q 2022) Third quarter 2023 results: EPS: RM0 (in line with 3Q 2022). Revenue: RM55.1m (up 108% from 3Q 2022). Net income: RM118.0k (up 107% from 3Q 2022). Profit margin: 0.2% (in line with 3Q 2022). 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 7% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 26
Second quarter 2023 earnings released: EPS: RM0.012 (vs RM0.006 in 2Q 2022) Second quarter 2023 results: EPS: RM0.012 (up from RM0.006 in 2Q 2022). Revenue: RM40.8m (up 1.3% from 2Q 2022). Net income: RM5.27m (up 120% from 2Q 2022). Profit margin: 13% (up from 6.0% in 2Q 2022). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 03
Full year 2022 earnings released: EPS: RM0.016 (vs RM0.027 loss in FY 2021) Full year 2022 results: EPS: RM0.016 (up from RM0.027 loss in FY 2021). Revenue: RM98.5m (down 32% from FY 2021). Net income: RM6.76m (up RM18.3m from FY 2021). Profit margin: 6.9% (up from net loss in FY 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 58% 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. Announcement • Jul 30
Selangor Dredging Berhad, Annual General Meeting, Sep 29, 2022 Selangor Dredging Berhad, Annual General Meeting, Sep 29, 2022, at 09:00 Singapore Standard Time. Agenda: To receive the Financial Statements for the year ended 31 March 2022 and the Directors' and Auditors' Reports thereon; to approve the payment of Directors' Fees amounting to RMB 266,754 for the year ended 31 March 2022; to approve the payment of Directors' benefits to the Non-Executive Directors of up to RMB 20,000 from 1 October 2022 until the next annual general meeting of the Company; to re-appoint BDO PLT as Auditors of the Company and to authorize the Directors to determine their remuneration; and to consider other matters. Buying Opportunity • Jul 28
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be RM0.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 29% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Jun 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 9.5%. The fair value is estimated to be RM0.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 29% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • May 28
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: RM0.017 (up from RM0.03 loss in FY 2021). Revenue: RM103.3m (down 28% from FY 2021). Net income: RM7.16m (up RM20.0m from FY 2021). Profit margin: 6.9% (up from net loss in FY 2021). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 160%. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 27
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: RM0 (down from RM0.001 in 3Q 2021). Revenue: RM26.5m (down 57% from 3Q 2021). Net income: RM57.0k (down 85% from 3Q 2021). Profit margin: 0.2% (down from 0.6% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 22%. Earnings per share (EPS) were also behind analyst estimates. Over the last 3 years on average, earnings per share has fallen by 28% 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. Reported Earnings • Nov 24
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: RM0.006 (down from RM0.008 in 2Q 2021). Revenue: RM40.3m (down 7.1% from 2Q 2021). Net income: RM2.40m (down 29% from 2Q 2021). Profit margin: 6.0% (down from 7.7% in 2Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 160%. Earnings per share (EPS) missed analyst estimates by 160%. Over the next year, revenue is forecast to grow 20%, compared to a 1.9% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 26
First quarter 2022 earnings released: EPS RM0.017 (vs RM0.022 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: RM37.1m (up 91% from 1Q 2021). Net income: RM7.37m (up RM16.6m from 1Q 2021). Profit margin: 20% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. 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 • Jun 02
Full year 2021 earnings released: RM0.03 loss per share (vs RM0.011 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: RM144.2m (down 41% from FY 2020). Net loss: RM12.9m (loss widened 188% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 28
Third quarter 2021 earnings released: EPS RM0.001 (vs RM0.009 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: RM62.3m (down 26% from 3Q 2020). Net income: RM375.0k (down 90% from 3Q 2020). Profit margin: 0.6% (down from 4.5% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 97% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 17
New 90-day high: RM0.56 The company is up 19% from its price of RM0.47 on 19 November 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 up 12% over the same period. Is New 90 Day High Low • Dec 28
New 90-day high: RM0.55 The company is up 11% from its price of RM0.49 on 25 September 2020. The Malaysian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Real Estate industry, which is up 21% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: RM0.51 The company is up 9.0% from its price of RM0.47 on 08 September 2020. The Malaysian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Real Estate industry, which is up 10.0% over the same period. Is New 90 Day High Low • Oct 27
New 90-day low: RM0.46 The company is down 8.0% from its price of RM0.49 on 29 July 2020. The Malaysian market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 2.0% over the same period. 
