Upcoming Dividend • Jun 03
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 09 June 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Malaysian dividend payers (5.4%). Higher than average of industry peers (1.0%). Declared Dividend • May 20
Dividend of RM0.01 announced Shareholders will receive a dividend of RM0.01. Ex-date: 9th June 2026 Payment date: 25th June 2026 Dividend yield will be 4.2%, which is higher than the industry average of 1.6%. Sustainability & Growth The dividend has increased by an average of 8.7% per year over the past 9 years. However, payments have been volatile during that time. Reported Earnings • Feb 11
Second quarter 2026 earnings released: EPS: RM0.006 (vs RM0.003 in 2Q 2025) Second quarter 2026 results: EPS: RM0.006 (up from RM0.003 in 2Q 2025). Revenue: RM14.1m (down 6.7% from 2Q 2025). Net income: RM3.32m (up 80% from 2Q 2025). Profit margin: 24% (up from 12% 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 18% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Declared Dividend • Nov 22
Dividend of RM0.005 announced Shareholders will receive a dividend of RM0.005. Ex-date: 8th December 2025 Payment date: 23rd December 2025 Dividend yield will be 4.4%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (55% earnings payout ratio) but not covered by cash flows (dividend approximately 198x free cash flows). The dividend has increased by an average of 8.7% per year over the past 9 years. 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. Reported Earnings • Nov 21
First quarter 2026 earnings released: EPS: RM0.006 (vs RM0.003 in 1Q 2025) First quarter 2026 results: EPS: RM0.006 (up from RM0.003 in 1Q 2025). Revenue: RM12.8m (down 28% from 1Q 2025). Net income: RM2.99m (up 106% from 1Q 2025). Profit margin: 23% (up from 8.2% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Reported Earnings • Oct 19
Full year 2025 earnings released: EPS: RM0.025 (vs RM0.021 in FY 2024) Full year 2025 results: EPS: RM0.025 (up from RM0.021 in FY 2024). Revenue: RM48.5m (up 8.3% from FY 2024). Net income: RM13.4m (up 16% from FY 2024). Profit margin: 28% (up from 26% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 12% per year. Announcement • Oct 16
FoundPac Group Berhad, Annual General Meeting, Nov 20, 2025 FoundPac Group Berhad, Annual General Meeting, Nov 20, 2025, at 09:00 Singapore Standard Time. Location: wembley room 10, level 9, the wembley, a st giles hotel, penang, 183, jalan magazine, 10300 penang, Malaysia New Risk • Aug 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 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 14% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (RM160.7m market cap, or US$38.0m). Reported Earnings • Aug 21
Full year 2025 earnings released: EPS: RM0.003 (vs RM0.012 in FY 2024) Full year 2025 results: EPS: RM0.003. Revenue: RM48.5m (down 25% from FY 2024). Net income: RM13.4m (up 109% from FY 2024). Profit margin: 28% (up from 10.0% in FY 2024). The increase in margin was driven by lower expenses. Upcoming Dividend • Jun 05
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 09 June 2025. Payment date: 24 June 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.8%. Within top quartile of Malaysian dividend payers (5.6%). Higher than average of industry peers (2.4%). Reported Earnings • May 28
Third quarter 2025 earnings released: EPS: RM0.004 (vs RM0.002 in 3Q 2024) Third quarter 2025 results: EPS: RM0.004 (up from RM0.002 in 3Q 2024). Revenue: RM15.0m (up 4.3% from 3Q 2024). Net income: RM1.91m (up 43% from 3Q 2024). Profit margin: 13% (up from 9.2% in 3Q 2024). 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 17% per year, which means it has not declined as severely as earnings. Announcement • May 22
FoundPac Group Berhad Announces Interim Single Tier Dividend for the Financial Year Ending June 30, 2025, Payable on 24 June 2025 FoundPac Group Berhad announced Interim Single Tier Dividend of 1 Sen per share for the financial year ending June 30, 2025. The above Company's securities will be traded and quoted "Ex - Dividend” as from: 09 June 2025. The last date of lodgment: 10 June 2025. Date Payable: 24 June 2025. Declared Dividend • May 22
First half dividend of RM0.01 announced Shareholders will receive a dividend of RM0.01. Ex-date: 9th June 2025 Payment date: 24th June 2025 Dividend yield will be 5.7%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is not covered by earnings (120% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.8% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 34% to bring the payout ratio under control. However, EPS has declined by 16% over the last 5 years so the company would need to reverse this trend. New Risk • Mar 01
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 121% The company is paying a dividend despite having no free cash flows. Dividend yield: 5.4% 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: 121% Paying a dividend despite having no free cash flows. Earnings have declined by 18% per year over the past 5 years. High level of non-cash earnings (44% accrual ratio). Minor Risk Market cap is less than US$100m (RM152.7m market cap, or US$34.2m). Announcement • Feb 28
FoundPac Group Berhad Appoints Joyce Wong Ai May as Independent and Non Executive Director and Member of Risk and Remuneration Committee Effective March 1, 2025 FoundPac Group Berhad announced the appointment of Miss. Joyce Wong Ai May as Independent and Non Executive Director and Member of Risk and Remuneration Committee of the company. Date of change: March 1, 2025. Age: 49. Qualifications: Degree- Bachelor of Commerce (Accounting and Finance), University of Tasmania, Australia. Professional Qualification: Accounting, CPA Australia, Fellow Member, Certified Practicing Accountant, Australia. Professional Qualification: Accounting, Malaysian Institute of Accountants, Member of the Malaysian Institute of Accountants. Others: Internal Audit, Institute of Internal Auditors Malaysia, Corporate Member of the Institute of Internal Auditors Malaysia. Working experience and occupation: She began her career as an Accounts Executive at Smith Zain Securities Sdn Bhd in June 1999. After the company's takeover by BBMB Securities Sdn Bhd, she became the Penang branch Head of Finance in 2002, overseeing treasury, management, and financial accounting. Ms. Joyce joined Hwang-DBS Securities Berhad in 2004 and then left the company to join a secretarial firm as an Executive from August 2004 to January 2005. In 2005, she joined an international accounting firm and become their Director in 2015, before setting up her own consultancy firm where she is the Founder and also a Director of JWC Consulting Sdn. Bhd. She also sits on the Industry Advisory Panel for the School of Business at Disted College, Penang and serves as an Independent Director in Caritas Malaysia. Directorships in public companies and listed issuers (if any): Dufu Technology Corp. Berhad, PCCS Group Berhad, Edelteq Holdings Berhad and 3Ren Berhad. Composition of Risk Committee (Name and Directorate of members after change): Chairman: Lee Chun Wah (Non-Independent Non-Executive Chairman). Members: Dato' Ong Choon Heng (Executive Director /CEO); Chan Bee Cheng (Independent Non-Executive Director); Datin Teoh Lay Fung (Independent Non-Executive Director); Joyce Wong Ai May (Independent Non-Executive Chairman). Composition of Remuneration Committee (Name and Directorate of members after change): Chairman: Datin Teoh Lay Fung (Independent Non-Executive Director); Members: Chan Bee Cheng (Independent Non-Executive Director); Lee Chun Wah (Non-Independent Non-Executive Director); Joyce Wong Ai May (Independent Non-Executive Director). Announcement • Jan 01
FoundPac Group Berhad Announces Redesignation of Dato' Seri Abdul Halim Bin Hussain from Independent Director to Non Executive Chairman, Effective 01 January 2025 FoundPac Group Berhad announced redesignation of Dato' Seri Abdul Halim Bin Hussain from previous position of Independent Director to new position of Non Executive Chairman, age 64, date of change is 01 January 2025. Directorate is Independent and Non Executive. Declared Dividend • Nov 23
Dividend of RM0.005 announced Shareholders will receive a dividend of RM0.005. Ex-date: 5th December 2024 Payment date: 20th December 2024 Dividend yield will be 4.7%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is not covered by earnings (129% earnings payout ratio). However, it is well covered by cash flows (43% cash payout ratio). The dividend has increased by an average of 9.8% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 44% to bring the payout ratio under control. However, EPS has declined by 15% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Nov 22
First quarter 2025 earnings released: EPS: RM0.003 (vs RM0.003 in 1Q 2024) First quarter 2025 results: EPS: RM0.003 (in line with 1Q 2024). Revenue: RM17.8m (up 1.2% from 1Q 2024). Net income: RM1.46m (down 8.7% from 1Q 2024). Profit margin: 8.2% (down from 9.1% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 22% per year. Announcement • Oct 17
FoundPac Group Berhad, Annual General Meeting, Nov 21, 2024 FoundPac Group Berhad, Annual General Meeting, Nov 21, 2024, at 09:00 Singapore Standard Time. Location: wembley room 10, level 9, the wembley, a st giles hotel, penang, 183, jalan magazine, 10300 penang, Malaysia New Risk • Sep 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 28% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 127% Cash payout ratio: 145% Earnings have declined by 14% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (RM190.6m market cap, or US$44.1m). Reported Earnings • Aug 28
Full year 2024 earnings released: EPS: RM0.012 (vs RM0.017 in FY 2023) Full year 2024 results: EPS: RM0.012 (down from RM0.017 in FY 2023). Revenue: RM64.2m (down 11% from FY 2023). Net income: RM6.42m (down 29% from FY 2023). Profit margin: 10.0% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year and the company’s share price has also fallen by 22% per year. Buy Or Sell Opportunity • Jul 30
Now 20% undervalued Over the last 90 days, the stock has risen 13% to RM0.40. The fair value is estimated to be RM0.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 19%. Upcoming Dividend • Jun 04
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 11 June 2024. Payment date: 26 June 2024. Trailing yield: 3.8%. Lower than top quartile of Malaysian dividend payers (4.4%). Higher than average of industry peers (1.4%). Reported Earnings • May 16
Third quarter 2024 earnings released: EPS: RM0.002 (vs RM0.004 in 3Q 2023) Third quarter 2024 results: EPS: RM0.002 (down from RM0.004 in 3Q 2023). Revenue: RM14.4m (down 8.7% from 3Q 2023). Net income: RM1.33m (down 34% from 3Q 2023). Profit margin: 9.2% (down from 13% in 3Q 2023). The decrease in margin was driven by lower revenue. 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 20% per year. Reported Earnings • Feb 21
Second quarter 2024 earnings released: EPS: RM0.002 (vs RM0.003 in 2Q 2023) Second quarter 2024 results: EPS: RM0.002 (down from RM0.003 in 2Q 2023). Revenue: RM15.5m (down 2.7% from 2Q 2023). Net income: RM1.33m (down 15% from 2Q 2023). Profit margin: 8.6% (down from 9.9% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Announcement • Nov 23
FoundPac Group Berhad Announces Interim Single Tier Dividend for the Financial Year Ending June 30, 2024, Payable on 28 December 2023 FoundPac Group Berhad announced Interim Single Tier Dividend of 0.5 Sen per share for the financial year ending June 30, 2024. Ex-Date is 13 December 2023. Entitlement date is 14 December 2023. Payment Date is 28 December 2023. Reported Earnings • Nov 23
First quarter 2024 earnings released: EPS: RM0.003 (vs RM0.007 in 1Q 2023) First quarter 2024 results: EPS: RM0.003 (down from RM0.007 in 1Q 2023). Revenue: RM17.6m (down 15% from 1Q 2023). Net income: RM1.60m (down 56% from 1Q 2023). Profit margin: 9.1% (down from 18% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Reported Earnings • Oct 21
Full year 2023 earnings released: EPS: RM0.017 (vs RM0.023 in FY 2022) Full year 2023 results: EPS: RM0.017 (down from RM0.023 in FY 2022). Revenue: RM72.4m (up 1.9% from FY 2022). Net income: RM9.08m (down 26% from FY 2022). Profit margin: 13% (down from 17% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Announcement • Oct 19
FoundPac Group Berhad, Annual General Meeting, Nov 22, 2023 FoundPac Group Berhad, Annual General Meeting, Nov 22, 2023, at 09:00 Singapore Standard Time. Location: Wembley Room 10, Level 9, The Wembley, A St Giles Hotel Penang 183, Jalan Magazine Penang Malaysia Agenda: To receive the Audited Financial Statements of the Company for the year ended 30 June 2023 together with the Reports of the Directors and of the Auditors thereon; to approve the payment of Directors Fee of up to MYR 149,500 for the period from 1 December 2023 until the next Annual General Meeting of the Company; to re-elect Dato' Ong Choon Heng, a director retiring under Paragraph 102 of the Constitution of the Company and who, being eligible offer himself for re-election; and to consider other matters. Reported Earnings • Aug 26
Full year 2023 earnings released: EPS: RM0.017 (vs RM0.023 in FY 2022) Full year 2023 results: EPS: RM0.017 (down from RM0.023 in FY 2022). Revenue: RM72.4m (up 1.9% from FY 2022). Net income: RM9.09m (down 26% from FY 2022). Profit margin: 13% (down from 17% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • May 31
Upcoming dividend of RM0.01 per share at 3.7% yield Eligible shareholders must have bought the stock before 07 June 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 72% and the cash payout ratio is 95%. Trailing yield: 3.7%. Lower than top quartile of Malaysian dividend payers (5.3%). Higher than average of industry peers (2.1%). Reported Earnings • May 19
Third quarter 2023 earnings released: EPS: RM0.004 (vs RM0.005 in 3Q 2022) Third quarter 2023 results: EPS: RM0.004 (down from RM0.005 in 3Q 2022). Revenue: RM15.8m (down 9.6% from 3Q 2022). Net income: RM2.01m (down 25% from 3Q 2022). Profit margin: 13% (down from 15% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Reported Earnings • Feb 15
Second quarter 2023 earnings released: EPS: RM0.003 (vs RM0.006 in 2Q 2022) Second quarter 2023 results: EPS: RM0.003 (down from RM0.006 in 2Q 2022). Revenue: RM15.9m (down 13% from 2Q 2022). Net income: RM1.57m (down 50% from 2Q 2022). Profit margin: 9.9% (down from 17% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 24
First quarter 2023 earnings released: EPS: RM0.007 (vs RM0.004 in 1Q 2022) First quarter 2023 results: EPS: RM0.007 (up from RM0.004 in 1Q 2022). Revenue: RM20.8m (up 67% from 1Q 2022). Net income: RM3.67m (up 53% from 1Q 2022). Profit margin: 18% (down from 19% in 1Q 2022). The decrease in margin was driven by higher expenses. 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 5% per year. Board Change • Nov 16
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. 6 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Cheik Tan was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 20
FoundPac Group Berhad, Annual General Meeting, Nov 23, 2022 FoundPac Group Berhad, Annual General Meeting, Nov 23, 2022, at 09:00 Singapore Standard Time. Location: Wembley Room 10, Level 9, The Wembley, A St Giles Hotel Penang Malaysia Agenda: To receive the Audited Financial Statements of the Company for the year ended 30 June 2022 together with the Reports of the Directors and of the Auditors thereon; to approve the payment of Directors' Fee of up to MYR 149,500 for the period from December 1, 2022 until the next Annual General Meeting of the Company; to approve the other benefits (excluding Directors' Fee) payable to Non-Executive Directors of up to MYR 248,000 for the period from December 1, 2022 until the next AGM of the Company; and to consider other matters. Reported Earnings • Aug 25
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: RM0.023 (up from RM0.021 in FY 2021). Revenue: RM71.0m (up 45% from FY 2021). Net income: RM12.3m (up 5.8% from FY 2021). Profit margin: 17% (down from 24% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is expected to shrink by 13% compared to a 18% growth forecast for the Semiconductor industry in Malaysia. 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 19% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 02
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 09 June 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Malaysian dividend payers (4.6%). Higher than average of industry peers (1.8%). Reported Earnings • May 22
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: RM0.005 (down from RM0.006 in 3Q 2021). Revenue: RM17.5m (up 41% from 3Q 2021). Net income: RM2.69m (down 18% from 3Q 2021). Profit margin: 15% (down from 26% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 2.4%. Over the next year, revenue is forecast to stay flat compared to a 21% growth forecast for the industry in Malaysia. 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 10% per year, which means it is well ahead of earnings. Announcement • May 21
Foundpac Group Berhad Announces Interim Single Tier Dividend for the Financial Year Ending June 30, 2022, Payable on 28 June 2022 FoundPac Group Berhad announced interim single tier dividend of 1 Sen per share for the financial year ending June 30, 2022. Payment date is 28 June 2022. Ex-date is 09 June 2022. Entitlement date is 10 June 2022. Board Change • Apr 27
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. 6 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Cheik Eaik Tan was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 24
Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2022 results: EPS: RM0.006 (up from RM0.004 in 2Q 2021). Revenue: RM18.4m (up 58% from 2Q 2021). Net income: RM3.12m (up 55% from 2Q 2021). Profit margin: 17% (in line with 2Q 2021). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 7.5%, compared to a 27% growth forecast for the industry in Malaysia. 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 23% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Dec 01
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from RM0.027 to RM0.024. Revenue forecast unchanged from RM57.8m at last update. Net income forecast to grow 26% next year vs 36% growth forecast for Semiconductor industry in Malaysia. Consensus price target down from RM0.92 to RM0.76. Share price fell 7.5% to RM0.68 over the past week. Reported Earnings • Nov 25
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: RM0.004 (down from RM0.006 in 1Q 2021). Revenue: RM12.4m (flat on 1Q 2021). Net income: RM2.40m (down 22% from 1Q 2021). Profit margin: 19% (down from 25% in 1Q 2021). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) exceeded analyst estimates by 2.4%. Earnings per share (EPS) surpassed analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 20%, compared to a 28% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 07
FoundPac Group Berhad (KLSE:FPGROUP) agreed to acquire 70% stake in SDKM Technologies Sdn. Bhd. from Ng Phaik Lee and Kameda Shin for MYR 8.4 million. FoundPac Group Berhad (KLSE:FPGROUP) agreed to acquire 70% stake in SDKM Technologies Sdn. Bhd. from Ng Phaik Lee and Kameda Shin for MYR 8.4 million on September 6, 2021. The consideration includes 6,300,000 ordinary shares for a cash consideration of MYR 8.4 million. Ng Phaik Lee has 88.89% share holding in SDKM Technologies Sdn. Bhd while Kameda Shin has 11.11%, after the completion of the transaction Ng Phaik Lee will hold 26.67% and Kameda Shin will hold 3.33% in SDKM Technologies Sdn. Bhd. Upon completion of the Proposed SDKM Acquisition, SDKM will become a 70% subsidiary company of FoundPac Group Berhad. Ng Phaik Lee and Kameda Shin have agreed to sell and the FoundPac Group Berhad has agreed to purchase the Sale Shares free from all encumbrances, together with all rights attached thereto and all dividends and distributions declared paid or made in respect thereof on and after the completion date based upon the terms and conditions. Reported Earnings • Aug 25
Full year 2021 earnings released: EPS RM0.022 (vs RM0.03 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: RM49.0m (down 4.0% from FY 2020). Net income: RM11.7m (down 28% from FY 2020). Profit margin: 24% (down from 32% in FY 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 28
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 04 June 2021. Payment date: 28 June 2021. Trailing yield: 2.6%. Lower than top quartile of Malaysian dividend payers (4.0%). Higher than average of industry peers (0.8%). Reported Earnings • May 12
Third quarter 2021 earnings released: EPS RM0.006 (vs RM0.006 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: RM12.4m (up 12% from 3Q 2020). Net income: RM3.26m (up 4.4% from 3Q 2020). Profit margin: 26% (down from 28% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 22
New 90-day low: RM0.88 The company is down 9.0% from its price of RM0.96 on 24 November 2020. The Malaysian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 47% over the same period. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 16% share price gain to RM1.07, the stock is trading at a trailing P/E ratio of 38.3x, up from the previous P/E ratio of 33.1x. This compares to an average P/E of 94x in the Semiconductor industry in Malaysia. Total returns to shareholders over the past three years are 205%. Is New 90 Day High Low • Jan 08
New 90-day low: RM0.92 The company is down 9.0% from its price of RM1.01 on 09 October 2020. The Malaysian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 29% over the same period. 
