Reported Earnings • Feb 13
Full year 2025 earnings released: EPS: RM0.001 (vs RM0.005 in FY 2024) Full year 2025 results: EPS: RM0.001 (down from RM0.005 in FY 2024). Revenue: RM17.8m (up 19% from FY 2024). Net income: RM1.19m (down 4.8% from FY 2024). Profit margin: 6.7% (down from 8.4% 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 62% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. New Risk • Dec 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (39% average weekly change). Market cap is less than US$10m (RM20.6m market cap, or US$5.10m). Minor Risks Shareholders have been diluted in the past year (24% increase in shares outstanding). Revenue is less than US$5m (RM19m revenue, or US$4.6m). New Risk • Nov 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: 16% 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 (16% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (31% average weekly change). Market cap is less than US$10m (RM16.7m market cap, or US$4.03m). Minor Risk Revenue is less than US$5m (RM19m revenue, or US$4.5m). Announcement • Sep 11
Aldrich Resources Berhad (KLSE:ALRICH) entered into a conditional share sale agreement to acquire remaining 49% stake in Tacs Group Sdn Bhd from Premier Prospect Sdn Bhd for MYR 5 million. Aldrich Resources Berhad (KLSE:ALRICH) entered into a conditional share sale agreement to acquire remaining 49% stake in Tacs Group Sdn Bhd from Premier Prospect Sdn Bhd for MYR 5 million on September 9, 2025. The Purchase Consideration of MYE 5 million shall be settled by Aldrich entirely in cash on the completion date, being the day not later than 14 business days from the date when all the conditions precedent as set out in the SSA have been obtained/fulfilled/waived, as the case may be or any other date as mutually agreed by the Purchaser and Vendor. The Purchase Consideration will be funded via the internally generated funds of Aldrich Group and/or borrowings (if required), the breakdown of which will be determined at a later date by the Board. Upon completion of the Proposed Acquisition, the Group will obtain full control over the business operations of TGSB Group.
The transaction is subject to the approval of the Board to approve the sale and purchase of the Sale Shares and the execution of the SSA; the approval of the shareholders of Purchaser at a general meeting to be convened to approve the sale and purchase of the Sale Shares; the approval of the board of directors of the Vendor to approve the sale and purchase of the Sale Shares and the execution of the SSA; the approval of the shareholder of the Vendor to approve the sale and purchase of the Sale Shares and the execution of the SSA; and such other waivers, consents or approvals as may be required (or deemed necessary) by the parties hereto from any third party or governmental, regulatory body or competent authority having jurisdiction over any part of the transactions contemplated under the SSA to the effect that if such waivers, consents, approvals are not obtained, the sale and purchase of the Sale Shares herein will be rendered null and void by law. The transaction is expected to be completed in the 4th quarter of 2025.
TA Securities Holdings Berhad acted as financial advisor to Aldrich Resources. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: RM0 (vs RM0 in 2Q 2024) Second quarter 2025 results: EPS: RM0 (in line with 2Q 2024). Revenue: RM4.11m (up 52% from 2Q 2024). Net income: RM387.0k (up 11% from 2Q 2024). Profit margin: 9.4% (down from 13% in 2Q 2024). The decrease in margin was driven by higher expenses. Reported Earnings • Jun 03
First quarter 2025 earnings released: EPS: RM0.001 (vs RM0 in 1Q 2024) First quarter 2025 results: EPS: RM0.001. Revenue: RM4.1k (down 100% from 1Q 2024). Net income: RM721 (down 100% from 1Q 2024). Profit margin: 18% (up from 6.9% in 1Q 2024). The increase in margin was driven by lower expenses. Announcement • Apr 29
Aldrich Resources Berhad, Annual General Meeting, Jun 24, 2025 Aldrich Resources Berhad, Annual General Meeting, Jun 24, 2025, at 10:00 Singapore Standard Time. Location: westside room, level 8, st. giles boulevard, the boulevard, mid valley city, lingkaran syed putra, wilayah persekutuan, 59200 kuala lumpur Malaysia Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: RM0.001 (vs RM0.001 loss in FY 2023) Full year 2024 results: EPS: RM0.001 (up from RM0.001 loss in FY 2023). Revenue: RM15.0m (up 29% from FY 2023). Net income: RM1.25m (up RM2.40m from FY 2023). Profit margin: 8.4% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 222% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 27
Third quarter 2024 earnings released: EPS: RM0 (vs RM0 in 3Q 2023) Third quarter 2024 results: EPS: RM0 (in line with 3Q 2023). Revenue: RM3.66m (up 31% from 3Q 2023). Net income: RM95.0k (up 12% from 3Q 2023). Profit margin: 2.6% (down from 3.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 237% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Sep 25
Aldrich Resources Berhad (KLSE:ALRICH) completed the acquisition of 51% stake in Tacs Group Sdn Bhd from Chong Fook Sin, Lau Mong Fah, Kan Chee Jing and Chua Yoke Bee. Aldrich Resources Berhad (KLSE:ALRICH) agreed to acquire 51% stake in Tacs Group Sdn Bhd from Chong Fook Sin, Lau Mong Fah, Kan Chee Jing and Chua Yoke Bee for MYR 3.87 million on July 10, 2024. A cash consideration of MYR 2.71 million will be paid by Aldrich Resources Berhad. Aldrich Resources Berhad will pay an earnout/contingent payment of MYR 1.16 million cash. As part of consideration, MYR 3.87 million is paid towards common equity of Tacs Group Sdn Bhd. The Purchase Consideration will be funded via the internally generated funds of Aldrich and its subsidiaries and/or borrowings.
Transaction is subject to approval from Aldrich Resources Berhad's board and procurement by the Vendors for TGSB and/or its subsidiaries to enter into an employment/service contract with the key management employees of TGSB Group.
Proposed Acquisition is expected to be completed in the 4th quarter of 2024.
Aldrich Resources Berhad (KLSE:ALRICH) completed the acquisition of 51% stake in Tacs Group Sdn Bhd from Chong Fook Sin, Lau Mong Fah, Kan Chee Jing and Chua Yoke Bee on 23 September 2024. As of 23 September 2024, all conditions have been fulfilled. Buy Or Sell Opportunity • Aug 23
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to RM0.035. The fair value is estimated to be RM0.027, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 112%. Buy Or Sell Opportunity • Aug 08
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to RM0.035. The fair value is estimated to be RM0.027, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 112%. Announcement • Jul 11
Aldrich Resources Berhad Appoints LAU HOOI PIN as Joint Company Secretary Aldrich Resources Berhad appointed LAU HOOI PIN as Joint Company Secretary, effective 11 July 2024. Reported Earnings • May 25
First quarter 2024 earnings released: EPS: RM0 (vs RM0 in 1Q 2023) First quarter 2024 results: EPS: RM0 (in line with 1Q 2023). Revenue: RM2.40m (down 17% from 1Q 2023). Net income: RM165.0k (up RM400.0k from 1Q 2023). Profit margin: 6.9% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 02
Full year 2023 earnings released: RM0.001 loss per share (vs RM0 in FY 2022) Full year 2023 results: RM0.001 loss per share (further deteriorated from RM0 in FY 2022). Revenue: RM11.6m (up 47% from FY 2022). Net loss: RM1.14m (loss widened 160% from FY 2022). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 24
Third quarter 2023 earnings released: EPS: RM0 (vs RM0 in 3Q 2022) Third quarter 2023 results: EPS: RM0 (in line with 3Q 2022). Revenue: RM2.79m (down 8.1% from 3Q 2022). Net income: RM85.0k (up RM269.3k from 3Q 2022). Profit margin: 3.0% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Buying Opportunity • Nov 16
Now 22% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be RM0.045, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Oct 24
Now 21% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be RM0.044, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Sep 19
Now 31% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be RM0.044, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Aug 30
Now 31% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be RM0.044, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: RM0.001 (vs RM0.013 loss in 2Q 2022) Second quarter 2023 results: EPS: RM0.001 (up from RM0.013 loss in 2Q 2022). Revenue: RM3.20m (up 82% from 2Q 2022). Net income: RM879.0k (up RM13.0m from 2Q 2022). Profit margin: 27% (up from net loss in 2Q 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Announcement • Jul 11
Aldrich Resources Berhad announces the Demise of Encik Mohamad Shaharul Bin Mohamad Shariff, Chief Executive Officer Aldrich Resources Berhad announced the Demise of Encik Mohamad Shaharul Bin Mohamad Shariff, Chief Executive Officer, effective from 08 July 2023. Reported Earnings • Jun 01
First quarter 2023 earnings released: EPS: RM0 (vs RM0.013 loss in 1Q 2022) First quarter 2023 results: EPS: RM0 (improved from RM0.013 loss in 1Q 2022). Revenue: RM2.89m (up 65% from 1Q 2022). Net loss: RM235.0k (loss narrowed 98% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Announcement • Aug 20
Aldrich Resources Berhad Appoints Leong Yien Hung as Independent and Non Executive Director Aldrich Resources Berhad appointed Mr. Leong Yien Hung as Independent and Non Executive Director. Date of change is 19 August 2022. His age is 39, gender is male and nationality is Malaysia. Qualifications: Degree in Computer Science from Coventry University, United Kingdom. Working experience and occupation: Mr. Leong Yien Hung has more than 10 years of experience in Malaysia's finance industry, in particularly in relation to full fledge financial services and alternative investment. Presently, he is a member of Investment Committees of Proven Venture Capital, which is managed by 5 Pillars Ventures Sdn Bhd, a venture capital management corporation licensed by the Securities Commission Malaysia. He is also a director and shareholder of Finicon Venture Sdn Bhd (FVSB) and Proven Capital Sdn Bhd (PCSB) where he is responsible in the corporate affairs and business development of FVSB and PCSB. Announcement • May 02
Aldrich Resources Berhad, Annual General Meeting, Jun 30, 2022 Aldrich Resources Berhad, Annual General Meeting, Jun 30, 2022, at 10:00 Singapore Standard Time. Agenda: To receive the Audited Financial Statements for the financial period ended 31 December 2021 together with the Reports of the Directors and Auditors thereon; To approve and ratify the additional payment of Directors' fees; to approve and ratify the additional payment of Directors' benefits; to approve the payment of Directors' fees and benefits up to MYR 500,000.00; to re-elect the Directors; and to re-appoint Messrs. Al Jafree Salihin Kuzaimi PLT as Auditors of the Company and to hold office until the conclusion of the next AGM and to authorise the Directors to fix their remuneration. Announcement • Apr 06
Aldrich Resources Berhad Announces the Resignation of Yahya Bin Razali as Member of Nomination Committee Aldrich Resources Berhad announced resignation of Yahya Bin Razali as Member of Nomination Committee. Date of change is April 4, 2022. Reported Earnings • Aug 29
Full year 2021 earnings released: RM0.091 loss per share (vs RM0.006 loss in FY 2020) Full year 2021 results: Net loss: RM74.6m (loss widened RM70.7m from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. Reported Earnings • May 22
Third quarter 2021 earnings released: EPS RM0.001 (vs RM0.002 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: RM1.14m (up RM1.06m from 3Q 2020). Net income: RM417.0k (up RM1.83m from 3Q 2020). Profit margin: 37% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Announcement • Mar 04
Orion IXL Berhad Announces Writ of Summons and Statement of Claim Served on Orion Against ORION, ASAP Sdn. Bhd. and Prabuddha Kumar Pronob Chakravertty Orion IXL Berhad announced that Kuala Lumpur High Court Summons No. WA-22NCC-544-10/2019 Writ of Summons and Statement of Claim Served on ORION by Capstone Technologies Sdn Bhd (the "Plaintiff") against ORION, ASAP Sdn. Bhd. ("ASAP") and Prabuddha Kumar Pronob Chakravertty ("Prabuddha"). The Company announced that all parties involved had on 27 January 2021 entered into a settlement via the Consent Order obtained from the High Court. The settlement represents the full and final settlement of all claims between the parties, whether past, present or future, howsoever arising, on a no admission basis, between all the parties. In terms of the settlement, the Court had ordered that the outstanding profit guarantee monies held by the stakeholder amounting to MYR 10,214,646.00 be released absolutely to ORION and ORION shall pay Prabuddha MYR 2,984,500.00 in accordance with the settlement terms. The settlement sum has been remitted and received by the parties and accordingly it is deemed completed. Reported Earnings • Feb 28
Second quarter 2021 earnings released: RM0.004 loss per share (vs RM0.001 loss in 2Q 2020) Second quarter 2021 results: Net loss: RM3.35m (loss widened 401% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 86% 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. Reported Earnings • Dec 01
First quarter 2021 earnings released: RM0.001 loss per share First quarter 2021 results: Net loss: RM861.0k (loss widened 448% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 83% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Aug 26
Orion IXL Berhad (KLSE:ORION) agreed to acquire Boardroom.Com Sdn. Bhd. from Tan Tong Lang, Tee Wei Chung and Kong Sau Kian for MYR 6 million. Orion IXL Berhad (KLSE:ORION) agreed to acquire Boardroom.Com Sdn. Bhd. from Tan Tong Lang, Tee Wei Chung, and Kong Sau Kian for MYR 6 million on August 25, 2020. Tan Tong Lang, Tee Wei Chung, and Kong Sau Kian currently own 57.5%, 40% and 2.5% in Boardroom.Com respectively. The purchase consideration will be paid in the following manner upon execution of the Share Sale Agreement: a) a part payment of MYR 0.6 million shall be paid by Orion to their solicitors as stakeholders; (b) the balance Purchase Price of MYR 5.4 million only shall be paid by Orion to their solicitors as stakeholders on the completion date, (c) the deposit and balance purchase consideration received by Orion’s solicitors as a stakeholder shall be released to the sellers or their nominees within 7 days from the completion date. The purchase consideration of MYR 6 million will be partly funded through MYR 5 million proceeds from the Proposed Private Placement and the balance shall be funded via internally generated funds and/or borrowings, the proportions of which have yet to be determined.
The transaction is subject to the approval of the directors of Orion and the consummation of due diligence investigation. In the event the completion does not take place within 3 months from the date of the Share Sale Agreement subject to the fulfillment of the above conditions, the parties to the Share Sale Agreement hereby agreed to extend the completion period by an additional 2 months from the expiry of the completion period. The transaction is expected to complete no later than 5 months from the date of the Share Sale Agreement.