New Risk • 19h
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 8.3% 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 58% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Market cap is less than US$100m (RM123.1m market cap, or US$30.4m). Reported Earnings • May 27
First quarter 2026 earnings released: RM0.006 loss per share (vs RM0.001 loss in 1Q 2025) First quarter 2026 results: RM0.006 loss per share (further deteriorated from RM0.001 loss in 1Q 2025). Revenue: RM59.5m (down 14% from 1Q 2025). Net loss: RM4.67m (loss widened 322% from 1Q 2025). Announcement • Apr 22
MST Golf Group Berhad, Annual General Meeting, May 22, 2026 MST Golf Group Berhad, Annual General Meeting, May 22, 2026, at 11:00 Singapore Standard Time. Location: mst golf arena - the gardens mall, s-214, second floor, the gardens, mid valley city, 59200 kuala lumpur, Malaysia Reported Earnings • Mar 01
Full year 2025 earnings released: RM0.012 loss per share (vs RM0.007 profit in FY 2024) Full year 2025 results: RM0.012 loss per share (down from RM0.007 profit in FY 2024). Revenue: RM298.3m (down 9.0% from FY 2024). Net loss: RM9.52m (down 261% from profit in FY 2024). Declared Dividend • Nov 30
Dividend of RM0.0025 announced Dividend of RM0.0025 is the same as last year. Ex-date: 15th December 2025 Payment date: 30th December 2025 Dividend yield will be 1.3%, which is lower than the industry average of 3.3%. Sustainability & Growth The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. Reported Earnings • Nov 29
Third quarter 2025 earnings released: EPS: RM0.001 (vs RM0.001 in 3Q 2024) Third quarter 2025 results: EPS: RM0.001 (in line with 3Q 2024). Revenue: RM79.7m (down 3.9% from 3Q 2024). Net income: RM594.0k (down 27% from 3Q 2024). Profit margin: 0.7% (down from 1.0% in 3Q 2024). Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Ying Poh was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 29
Second quarter 2025 earnings released: EPS: RM0 (vs RM0.002 in 2Q 2024) Second quarter 2025 results: EPS: RM0 (down from RM0.002 in 2Q 2024). Revenue: RM75.3m (down 7.9% from 2Q 2024). Net income: RM364.0k (down 76% from 2Q 2024). Profit margin: 0.5% (down from 1.8% in 2Q 2024). Reported Earnings • Jun 03
First quarter 2025 earnings released: RM0.001 loss per share (vs RM0.001 profit in 1Q 2024) First quarter 2025 results: RM0.001 loss per share (down from RM0.001 profit in 1Q 2024). Revenue: RM69.1m (down 10% from 1Q 2024). Net loss: RM1.11m (down 207% from profit in 1Q 2024). Reported Earnings • Apr 29
Full year 2024 earnings released: EPS: RM0.007 (vs RM0.024 in FY 2023) Full year 2024 results: EPS: RM0.007 (down from RM0.024 in FY 2023). Revenue: RM327.8m (flat on FY 2023). Net income: RM5.92m (down 66% from FY 2023). Profit margin: 1.8% (down from 5.4% in FY 2023). Announcement • Apr 24
MST Golf Group Berhad, Annual General Meeting, May 26, 2025 MST Golf Group Berhad, Annual General Meeting, May 26, 2025, at 10:00 Singapore Standard Time. Location: ballroom i, main wing, level 1, tropicana golf & country resort, jalan kelab tropicana, 47410 petaling jaya, selangor, Malaysia Reported Earnings • Mar 01
Full year 2024 earnings released: EPS: RM0.008 (vs RM0.024 in FY 2023) Full year 2024 results: EPS: RM0.008 (down from RM0.024 in FY 2023). Revenue: RM327.8m (flat on FY 2023). Net income: RM6.15m (down 65% from FY 2023). Profit margin: 1.9% (down from 5.4% in FY 2023). Reported Earnings • Nov 29
Third quarter 2024 earnings released: EPS: RM0.001 (vs RM0.002 in 3Q 2023) Third quarter 2024 results: EPS: RM0.001 (down from RM0.002 in 3Q 2023). Revenue: RM83.0m (flat on 3Q 2023). Net income: RM808.0k (down 50% from 3Q 2023). Profit margin: 1.0% (down from 2.0% in 3Q 2023). Announcement • Nov 29
MST Golf Group Berhad Announces Single Tier Interim Dividend for the Financial Year Ending 31 December 2024, Payable on 30 December 2024 MST Golf Group Berhad announced the Single tier interim dividend of 0.25 sen per ordinary share in respect of financial year ending 31 December 2024. Ex-Date is on 13 December 2024 with Entitlement date on 16 December 2024. Payment Date on 30 December 2024. Announcement • Sep 11
MST Golf Group Berhad Announces Appointment of Soo Zin Chuen as Chief Financial Officer MST Golf Group Berhad announced appointment of Mr, Soo Zin Chuen as Chief Financial Officer. Age: 45. Date of change: September 11, 2024. Professional Qualification: Chartered Accountant, Malaysian Institute of Accountants (Member) and Association Chartered of Certified Accountants (ACCA), U.K. (Affiliates). Degree: Bachelor of Accountancy, Universiti Malaysia Sabah. Working experience: Mr, Soo Zin Chuen has over 22 years of working experience in financial reporting, risk management, treasury, corporate exercises and investor relation of varied industries which ranged from manufacturing, healthcare, retail, F&B and trading industry. Prior to joining MST Golf Group Berhad, Mr. Soo Zin Chuen held multiple roles in three other public listed companies including as Group Finance Director at Tien Wah Press Holdings Berhad, Chief Financial Officer at Focus Point Holdings Berhad, Group Financial Controller at Toyo Ventures Holding Berhad, and as Finance Manager of several private companies. He began his career as an external auditor, gaining audit and tax experience with two of the Big Four accounting firms, PricewaterhouseCoopers and Deloitte Touche Tohmatsu Tax Services Sdn. Bhd. He also worked with several international accounting firms, including BDO Raffles Singapore, RSM Robert Teo, Kuan & Co, and Alan Yoon Associates. Announcement • Sep 03
MST Golf Group Berhad Appoints Heng Kok Weeas as Chief Financial Officer MST Golf Group Berhad announced resignation of Mr. Heng Kok Wee as Chief Financial Officer. Date of change is 03 September 2024. Age is 46. Reason is to pursue other opportunities. New Risk • Aug 29
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 105% The company is paying a dividend despite having no free cash flows. Dividend yield: 3.6% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 105% Paying a dividend despite having no free cash flows. High level of non-cash earnings (27% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (2.4% net profit margin). Market cap is less than US$100m (RM233.9m market cap, or US$54.1m). Announcement • Aug 29
MST Golf Group Berhad Appoints Alice Lee Chia Yee as Independent and Non Executive Member of Risk Committee MST Golf Group Berhad has on 28 August 2024 renamed the Audit and Risk Management Committee to Audit Committee and established 1 new Board Committee, that is Governance, Risk and Sustainability Committee. The company appointed Miss. Alice Lee Chia Yee as Independent and Non Executive Member of Risk Committee. Age 55. Date of change is 28 August 2024. Composition of Risk Committee (Name and Directorate of members after change): Mr. Poh Ying Loo - Chairman, Independent Non-Executive Director, Datin Suryani Binti Ahmad Sarji - Member, Independent Non-Executive Director and Ms. Alice Lee Chia Yee - Member, Independent Non-Executive Director, Mr. Ng Lian Chun - Member, Executive Director. Reported Earnings • May 30
First quarter 2024 earnings released: EPS: RM0.002 (vs RM0.013 in 1Q 2023) First quarter 2024 results: EPS: RM0.002 (down from RM0.013 in 1Q 2023). Revenue: RM77.0m (down 11% from 1Q 2023). Net income: RM1.03m (down 88% from 1Q 2023). Profit margin: 1.3% (down from 10% in 1Q 2023). The decrease in margin was driven by lower revenue. Announcement • May 03
MST Golf Group Berhad, Annual General Meeting, Jun 07, 2024 MST Golf Group Berhad, Annual General Meeting, Jun 07, 2024, at 10:00 Singapore Standard Time. Location: Level 12, Menara Symphony, No. 5, Jalan Prof. Khoo Kay Kim, Seksyen 13 46200 Petaling Jaya, Selangor, Malaysia Selangor Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31 December 2023 together with the Reports of the Directors and Auditors thereon; to approve the payment of Directors' fees and benefits (including allowances) amounting to RM222,000 to the Non-Executive Directors for the financial year ended 31 December 2023; to approve the Directors' fees and benefits (including allowances) of up to RM490,000 payable to the Non-Executive Directors in such manner as they may determine, for the period from 1 January 2024 until the conclusion of the next Annual General Meeting of the Company to be held in 2025, to be made quarterly in arrears after end of each quarter of completed service of the Non-Executive Directors; and to consider other matters. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: RM0.024 (vs RM0.032 in FY 2022) Full year 2023 results: EPS: RM0.024 (down from RM0.032 in FY 2022). Revenue: RM325.4m (up 8.2% from FY 2022). Net income: RM17.9m (down 33% from FY 2022). Profit margin: 5.5% (down from 8.9% in FY 2022). The decrease in margin was driven by higher expenses. Announcement • Nov 24
MST Golf Group Berhad Announces First Interim Dividend for the Financial Year Ending 31 December 2023, Payable on 10 January 2024 MST Golf Group Berhad announced first interim dividend of 0.5 sen per share for the financial year ending 31 December 2023. Ex-Date is 13 December 2023. Entitlement date is 13 December 2023. Payment Date is 10 January 2024. New Risk • Aug 17
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: 7.3% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.9% operating cash flow to total debt). Shares are highly illiquid. High level of non-cash earnings (33% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (7.3% net profit margin). New Risk • Jul 23
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Shares are highly illiquid. High level of non-cash earnings (37% accrual ratio). Reported Earnings • Jul 22
First quarter 2023 earnings released: EPS: RM0.013 (vs RM0.013 in 1Q 2022) First quarter 2023 results: EPS: RM0.013 (in line with 1Q 2022). Revenue: RM86.3m (up 18% from 1Q 2022). Net income: RM8.79m (up 8.5% from 1Q 2022). Profit margin: 10% (in line with 1Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Specialty Retail industry in Malaysia.