Reported Earnings • May 26
Third quarter 2026 earnings released: EPS: RM0.016 (vs RM0.017 in 3Q 2025) Third quarter 2026 results: EPS: RM0.016 (down from RM0.017 in 3Q 2025). Revenue: RM35.4m (up 3.0% from 3Q 2025). Net income: RM942.0k (down 2.5% from 3Q 2025). Profit margin: 2.7% (down from 2.8% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 23
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 8.5% 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 Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (RM64.9m market cap, or US$16.3m). Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to RM1.28, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 12x in the IT industry in Malaysia. Total returns to shareholders of 169% over the past three years. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Independent & Non-Executive Director Syed Ismail Bin Syed Sri 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. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to RM1.19, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 12x in the IT industry in Malaysia. Total returns to shareholders of 143% over the past three years. Reported Earnings • Feb 26
Second quarter 2026 earnings released: EPS: RM0.018 (vs RM0.016 in 2Q 2025) Second quarter 2026 results: EPS: RM0.018 (up from RM0.016 in 2Q 2025). Revenue: RM37.4m (up 8.5% from 2Q 2025). Net income: RM1.06m (up 16% from 2Q 2025). Profit margin: 2.8% (up from 2.6% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 33% per year. Announcement • Jan 23
Edaran Berhad Appoints Dato' Bistamam Bin Ramli as Group Chief Executive Officer, Effective January 23, 2026 Edaran Berhad appointed Dato' Bistamam Bin Ramli, aged 64, as Group Chief Executive Officer (Executive Directorate) effective January 23, 2026. Dato' Bistamam Ramli was appointed Group Chief Executive Officer of Edaran Berhad on May 30, 2018. He was appointed Director of Edaran Berhad on December 15, 2000 and subsequently appointed the Managing Director of the Company on June 1, 2004 until May 8, 2018. He holds a professional qualification in Accountancy from the Chartered Association of Certified Accountants (UK). Dato' Bistamam was previously attached to Celcom (Malaysia) Berhad, Technology Resources Industries Berhad, Bank Negara Malaysia and Ernst & Young. Declared Dividend • Jan 04
Dividend of RM0.03 announced Dividend of RM0.03 is the same as last year. Ex-date: 19th January 2026 Payment date: 6th February 2026 Dividend yield will be 4.3%, which is lower than the industry average of 4.9%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (4% cash payout ratio). The dividend has increased by an average of 22% per year over the past 5 years and payments have been stable during that time. Earnings per share has grown by 35% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jan 02
Edaran Berhad Announces Interim Single Tier Dividend for Financial Year Ending June 30, 2026, Payable on February 6, 2026 Edaran Berhad announced Interim Single Tier Dividend of 3.0 Sen per Ordinary Share for financial year ending June 30, 2026 with Ex-Date January 19, 2026, payable on February 6, 2026 and Entitlement date January 20,2026. Reported Earnings • Nov 27
First quarter 2026 earnings released: EPS: RM0.019 (vs RM0.015 in 1Q 2025) First quarter 2026 results: EPS: RM0.019 (up from RM0.015 in 1Q 2025). Revenue: RM36.6m (up 18% from 1Q 2025). Net income: RM1.07m (up 23% from 1Q 2025). Profit margin: 2.9% (up from 2.8% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • Oct 29
Edaran Berhad, Annual General Meeting, Dec 03, 2025 Edaran Berhad, Annual General Meeting, Dec 03, 2025, at 10:00 Singapore Standard Time. Location: sime darby convention centre (sdcc), 1a jalan bukit kiara 1, bukit kiara, 60000 kuala lumpur, Malaysia Reported Earnings • Aug 29
Full year 2025 earnings released: EPS: RM0.07 (vs RM0.054 in FY 2024) Full year 2025 results: EPS: RM0.07 (up from RM0.054 in FY 2024). Revenue: RM133.0m (up 25% from FY 2024). Net income: RM4.07m (up 31% from FY 2024). Profit margin: 3.1% (up from 2.9% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 06
Upcoming dividend of RM0.018 per share Eligible shareholders must have bought the stock before 13 June 2025. Payment date: 04 July 2025. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Malaysian dividend payers (5.6%). Lower than average of industry peers (2.5%). Reported Earnings • May 30
Third quarter 2025 earnings released: EPS: RM0.017 (vs RM0.02 in 3Q 2024) Third quarter 2025 results: EPS: RM0.017 (down from RM0.02 in 3Q 2024). Revenue: RM34.3m (up 46% from 3Q 2024). Net income: RM966.0k (down 18% from 3Q 2024). Profit margin: 2.8% (down from 5.0% 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 74% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Announcement • May 30
Edaran Berhad Announces Second Interim Single-Tier Dividend for the Financial Year Ending 30 June 2025, Payable on 04 July 2025 Edaran Berhad announced Second Interim Single-Tier Dividend of 1.75 Sen per Ordinary Share for the Financial Year Ending 30 June 2025. The above Company's securities will be traded and quoted "Ex - Dividend” as from: 13 June 2025. The last date of lodgment: 16 June 2025. Date Payable: 04 July 2025. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to RM1.59, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 21x in the IT industry in Malaysia. Total returns to shareholders of 165% over the past three years. Reported Earnings • Feb 27
Second quarter 2025 earnings released: EPS: RM0.016 (vs RM0.006 in 2Q 2024) Second quarter 2025 results: EPS: RM0.016 (up from RM0.006 in 2Q 2024). Revenue: RM34.5m (up 30% from 2Q 2024). Net income: RM911.0k (up 177% from 2Q 2024). Profit margin: 2.6% (up from 1.2% 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 77% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to RM1.21, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 22x in the IT industry in Malaysia. Total returns to shareholders of 103% over the past three years. Declared Dividend • Dec 29
Dividend of RM0.03 announced Shareholders will receive a dividend of RM0.03. Ex-date: 16th January 2025 Payment date: 7th February 2025 Dividend yield will be 1.7%, which is lower than the industry average of 4.9%. Sustainability & Growth Dividend is covered by earnings (47% 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 increased by an average of 14% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 64% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 28
First quarter 2025 earnings released: EPS: RM0.015 (vs RM0.005 in 1Q 2024) First quarter 2025 results: EPS: RM0.015 (up from RM0.005 in 1Q 2024). Revenue: RM31.1m (up 52% from 1Q 2024). Net income: RM870.0k (up 221% from 1Q 2024). Profit margin: 2.8% (up from 1.3% in 1Q 2024). The increase in margin was driven by higher revenue. 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 36% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to RM1.80, the stock trades at a trailing P/E ratio of 33.5x. Average trailing P/E is 27x in the IT industry in Malaysia. Total returns to shareholders of 139% over the past three years. Announcement • Oct 29
Edaran Berhad, Annual General Meeting, Dec 04, 2024 Edaran Berhad, Annual General Meeting, Dec 04, 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 darul ehsan, Malaysia Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to RM1.31, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 24x in the IT industry in Malaysia. Total returns to shareholders of 52% over the past three years. Reported Earnings • Aug 29
Full year 2024 earnings released: EPS: RM0.054 (vs RM0.035 in FY 2023) Full year 2024 results: EPS: RM0.054 (up from RM0.035 in FY 2023). Revenue: RM106.5m (up 53% from FY 2023). Net income: RM3.11m (up 54% from FY 2023). Profit margin: 2.9% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to RM1.73, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 30x in the IT industry in Malaysia. Total returns to shareholders of 94% over the past three years. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to RM1.59, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 32x in the IT industry in Malaysia. Total returns to shareholders of 62% over the past three years. New Risk • Jul 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 8.0% 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (RM97.9m market cap, or US$20.9m). Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to RM1.44, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 29x in the IT industry in Malaysia. Total returns to shareholders of 59% over the past three years. Reported Earnings • Jun 04
Third quarter 2024 earnings released: EPS: RM0.02 (vs RM0.011 in 3Q 2023) Third quarter 2024 results: EPS: RM0.02 (up from RM0.011 in 3Q 2023). Revenue: RM23.5m (up 34% from 3Q 2023). Net income: RM1.18m (up 80% from 3Q 2023). Profit margin: 5.0% (up from 3.7% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Reported Earnings • Mar 01
Second quarter 2024 earnings released: EPS: RM0.006 (vs RM0.022 in 2Q 2023) Second quarter 2024 results: EPS: RM0.006 (down from RM0.022 in 2Q 2023). Revenue: RM26.5m (up 33% from 2Q 2023). Net income: RM329.0k (down 74% from 2Q 2023). Profit margin: 1.2% (down from 6.5% in 2Q 2023). The decrease in margin was driven by higher expenses. 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 30% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to RM1.41, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 20x in the IT industry in Malaysia. Total returns to shareholders of 181% over the past three years. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to RM1.08, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 18x in the IT industry in Malaysia. Total returns to shareholders of 138% over the past three years. Upcoming Dividend • Jan 09
Upcoming dividend of RM0.03 per share at 1.3% yield Eligible shareholders must have bought the stock before 16 January 2024. Payment date: 02 February 2024. Payout ratio is a comfortable 31% but the company is paying out more than the cash it is generating. Trailing yield: 1.3%. Lower than top quartile of Malaysian dividend payers (4.9%). Lower than average of industry peers (4.7%). Announcement • Dec 29
Edaran Berhad Announces Interim Tax Exempt (Single Tier) Dividend for the Financial Year Ending 30 June 2024, Payable on 02 February 2024 Edaran Berhad announced Interim Tax Exempt (Single Tier) Dividend of 3.0 Sen per Ordinary Share for the Financial Year Ending 30 June 2024 . Ex-Date is 16 January 2024. Payment Date is 02 February 2024. Entitlement date is on 16 January 2024. Announcement • Dec 01
Edaran Berhad Announces Appointment of Dato' Sri Syed Ismail Bin Syed Azizan as Independent and Non Executive Effective December 1, 2023 Edaran Berhad announced appointment of Dato' Sri Syed Ismail Bin Syed Azizan, 69-year-old, male, as an Independent and Non Executive Effective December 1, 2023. He have degree in Bachelor of Arts (Honours) - Degree in Political Science from Universiti Kebangsaan Malaysia and Advanced Diploma in Strategic Studies Diploma in Police Science. Working experience and occupation: Dato' Sri Syed Ismail commenced his career with the Royal Malaysia Police as a Special Branch Officer in Kelantan on 1st October 1977. He served various positions within the Police Force as a Special Branch Officer in Penang, Training Officer and Compliance Officer in Bukit Aman, Narcotics Officer in Kedah, Deputy Officer in Charge of Police District of Kulim, Kedah and Criminal Investigation Officer in Perak. After completing his further studies in 1997, he served as the Assistant Director (International Relations Interpol) Criminal Investigation Department Bukit Aman until 2002. He was later appointed as the Deputy Chief of the City Criminal Investigation Department Kuala Lumpur before being posted as the Chief of Criminal Investigation Department in Penang. Subsequently, he was appointed as the Deputy Director, Federal Criminal Investigation Department Bukit Aman. From 2007 to 2010, he served as the Chief Police Officer of Kedah and was later appointed as the Director of the Commercial crime Investigation Department in October 2010, a position he held until his retirement in January 2014. Reported Earnings • Nov 29
First quarter 2024 earnings released: EPS: RM0.005 (vs RM0.017 loss in 1Q 2023) First quarter 2024 results: EPS: RM0.005 (up from RM0.017 loss in 1Q 2023). Revenue: RM20.4m (up 81% from 1Q 2023). Net income: RM271.0k (up RM1.24m from 1Q 2023). Profit margin: 1.3% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 07
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 18% 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 Risk Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (RM47.2m market cap, or US$10.1m). Announcement • Oct 31
Edaran Berhad, Annual General Meeting, Nov 29, 2023 Edaran Berhad, Annual General Meeting, Nov 29, 2023, at 10:00 Singapore Standard Time. Location: Level 12, Menara Symphony,No.5, Jalan Prof Khoo Kay Kim, Seksyen 13,46200 Petaling Jaya Darul Ehsan Selangor Malaysia Agenda: To receive the Audited Financial Statements of the Company and the Group for the financial year ended 30 June 2023 together with the Directors and Auditors Reports thereon; To re-elect Datuk Mohd Shu'aib Ishak retiring under Article 101 of the Company's Articles of Association; To re-elect Encik Wan Adlan Affandy Wan Abdul Rahman retiring under Article 101 of the Company's Articles of Association; and to discuss other matters. Reported Earnings • Aug 30
Full year 2023 earnings released: EPS: RM0.035 (vs RM0.009 in FY 2022) Full year 2023 results: EPS: RM0.035 (up from RM0.009 in FY 2022). Revenue: RM69.4m (up 45% from FY 2022). Net income: RM2.03m (up 289% from FY 2022). Profit margin: 2.9% (up from 1.1% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 01
Third quarter 2023 earnings released: EPS: RM0.011 (vs RM0.001 in 3Q 2022) Third quarter 2023 results: EPS: RM0.011 (up from RM0.001 in 3Q 2022). Revenue: RM17.6m (up 53% from 3Q 2022). Net income: RM654.0k (up RM597.0k from 3Q 2022). Profit margin: 3.7% (up from 0.5% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 03
Second quarter 2023 earnings released: EPS: RM0.022 (vs RM0.002 in 2Q 2022) Second quarter 2023 results: EPS: RM0.022 (up from RM0.002 in 2Q 2022). Revenue: RM19.9m (up 21% from 2Q 2022). Net income: RM1.28m (up RM1.16m from 2Q 2022). Profit margin: 6.5% (up from 0.8% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Board Change • Feb 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Non Independent & Non Executive Director Wan Adlan Bin Wan Abdul Rahman was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jan 10
Upcoming dividend of RM0.018 per share Eligible shareholders must have bought the stock before 17 January 2023. Payment date: 03 February 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 3.1%. Lower than top quartile of Malaysian dividend payers (5.0%). Higher than average of industry peers (2.2%). Announcement • Dec 31
Edaran Berhad Announces Interim Tax Exempt (Single Tier) Dividend for the Financial Year Ending 30 June 2023, Payable on February 03, 2023 Edaran Berhad announced interim tax exempt (single tier) dividend of 1.75 sen per ordinary share for the financial year ending 30 June 2023. Ex-date is January 17, 2023. Entitlement date is January 18, 2023. Payment date is February 03, 2023. Reported Earnings • Dec 03
First quarter 2023 earnings released: RM0.017 loss per share (vs RM0.002 profit in 1Q 2022) First quarter 2023 results: RM0.017 loss per share (down from RM0.002 profit in 1Q 2022). Revenue: RM11.3m (up 23% from 1Q 2022). Net loss: RM971.0k (down RM1.11m from profit in 1Q 2022). 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 4% per year, which means it is significantly lagging earnings growth. Announcement • Oct 29
Edaran Berhad, Annual General Meeting, Nov 30, 2022 Edaran Berhad, Annual General Meeting, Nov 30, 2022, at 10:00 China Standard Time. Agenda: To consider reelections of directors; to consider to re-appoint Messrs. TGS TW as Auditors of the Company and to authorise the Directors to fix their remuneration; to consider to give authority to the Directors to issue shares under Sections 75 and 76 of the Companies Act, 2016; and to consider other matters. Reported Earnings • Aug 31
Full year 2022 earnings released: EPS: RM0.009 (vs RM0.044 in FY 2021) Full year 2022 results: EPS: RM0.009 (down from RM0.044 in FY 2021). Revenue: RM47.9m (down 4.5% from FY 2021). Net income: RM520.0k (down 80% from FY 2021). Profit margin: 1.1% (down from 5.0% in FY 2021). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Aug 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.6%. The fair value is estimated to be RM0.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Jun 01
Now 21% undervalued Over the last 90 days, the stock is up 2.5%. The fair value is estimated to be RM0.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 27
Third quarter 2022 earnings released: EPS: RM0.001 (vs RM0.02 in 3Q 2021) Third quarter 2022 results: EPS: RM0.001 (down from RM0.02 in 3Q 2021). Revenue: RM11.5m (flat on 3Q 2021). Net income: RM57.0k (down 95% from 3Q 2021). Profit margin: 0.5% (down from 10% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 25
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: RM0.002 (down from RM0.019 in 2Q 2021). Revenue: RM16.4m (up 49% from 2Q 2021). Net income: RM123.0k (down 89% from 2Q 2021). Profit margin: 0.8% (down from 10% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jan 28
Upcoming dividend of RM0.018 per share Eligible shareholders must have bought the stock before 04 February 2022. Payment date: 18 February 2022. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Malaysian dividend payers (4.5%). Higher than average of industry peers (1.4%). Reported Earnings • Dec 01
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: RM0.002 (down from RM0.018 in 1Q 2021). Revenue: RM9.17m (down 30% from 1Q 2021). Net income: RM140.0k (down 86% from 1Q 2021). Profit margin: 1.5% (down from 7.8% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 29
Full year 2021 earnings released: EPS RM0.044 (vs RM0.059 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: RM50.2m (up 11% from FY 2020). Net income: RM2.53m (up RM5.94m from FY 2020). Profit margin: 5.0% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 5% per year. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 21% share price gain to RM1.16, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 22x in the IT industry in Malaysia. Total returns to shareholders of 247% over the past three years. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improved over the past week After last week's 57% share price gain to RM1.02, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 21x in the IT industry in Malaysia. Total returns to shareholders of 200% over the past three years. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improved over the past week After last week's 105% share price gain to RM1.17, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 20x in the IT industry in Malaysia. Total returns to shareholders of 174% over the past three years. Reported Earnings • May 29
Third quarter 2021 earnings released: EPS RM0.02 (vs RM0.088 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: RM11.4m (down 11% from 3Q 2020). Net income: RM1.16m (up RM6.25m from 3Q 2020). Profit margin: 10% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Mar 16
Edaran Berhad Appoints Encik Wan Adlan Affandy Bin Wan Abdul Rahman as Non Independent and Non Executive Director Edaran Berhad announced the appointment of Encik Wan Adlan Affandy Bin Wan Abdul Rahman as Non Independent and Non Executive Director. Date of change is 15 March 2021. Upcoming Dividend • Mar 04
Upcoming Dividend of RM0.018 Per Share Will be paid on the 26th of March to those who are registered shareholders by the 11th of March. The company last paid an ordinary dividend in October 2010. The average dividend yield among industry peers is 1.2%. Reported Earnings • Feb 28
Second quarter 2021 earnings released: EPS RM0.02 (vs RM0.007 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: RM11.0m (down 13% from 2Q 2020). Net income: RM1.13m (up 163% from 2Q 2020). Profit margin: 10% (up from 3.4% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 66% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Feb 26
Edaran Berhad Announces Redesignation of Datuk Mohd Shu'aib Bin Ishak from Executive Director to Director Edaran Berhad announced redesignation of DATUK MOHD SHU'AIB BIN ISHAK from Executive Director to Director. Date of change is 24 February 2021. Is New 90 Day High Low • Feb 08
New 90-day high: RM0.55 The company is up 70% from its price of RM0.32 on 10 November 2020. The Malaysian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 19% over the same period. Is New 90 Day High Low • Jan 18
New 90-day high: RM0.53 The company is up 50% from its price of RM0.35 on 20 October 2020. The Malaysian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 17% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: RM0.42 The company is up 42% from its price of RM0.30 on 01 October 2020. The Malaysian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 30% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: RM0.41 The company is up 17% from its price of RM0.35 on 04 September 2020. The Malaysian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 11% over the same period. Reported Earnings • Nov 25
First quarter 2021 earnings released: EPS RM0.018 The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: RM13.1m (up 88% from 1Q 2020). Net income: RM1.02m (up RM1.67m from 1Q 2020). Profit margin: 7.8% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 80% 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. Is New 90 Day High Low • Sep 23
New 90-day low: RM0.31 The company is down 6.0% from its price of RM0.33 on 25 June 2020. The Malaysian market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 3.0% over the same period.