Upcoming Dividend • Jun 04
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 11 June 2026. Payment date: 30 June 2026. Payout ratio is on the higher end at 98%, and the cash payout ratio is above 100%. Trailing yield: 6.2%. Within top quartile of Malaysian dividend payers (5.4%). Higher than average of industry peers (5.3%). Reported Earnings • May 23
First quarter 2026 earnings released: EPS: RM0.005 (vs RM0.008 in 1Q 2025) First quarter 2026 results: EPS: RM0.005 (down from RM0.008 in 1Q 2025). Revenue: RM20.7m (down 20% from 1Q 2025). Net income: RM2.85m (down 39% from 1Q 2025). Profit margin: 14% (down from 18% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 24
Full year 2025 earnings released: EPS: RM0.024 (vs RM0.047 loss in FY 2024) Full year 2025 results: EPS: RM0.024 (up from RM0.047 loss in FY 2024). Revenue: RM93.9m (down 13% from FY 2024). Net income: RM13.2m (up RM39.4m from FY 2024). Profit margin: 14% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 52% 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. Declared Dividend • Apr 22
Final dividend of RM0.01 announced Dividend of RM0.01 is the same as last year. Ex-date: 11th June 2026 Payment date: 30th June 2026 Dividend yield will be 6.2%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (85% earnings payout ratio) but not covered by cash flows (144% cash payout ratio). The dividend has increased by an average of 3.6% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 6.1% to shift the payout ratio to a potentially unsustainable range, which is less than the 13% EPS decline seen over the last 5 years. Announcement • Apr 21
N2N Connect Berhad, Annual General Meeting, May 21, 2026 N2N Connect Berhad, Annual General Meeting, May 21, 2026, at 10:00 Singapore Standard Time. Location: wisma n2n, level 9, tower 2, avenue 3, bangsar south, no. 8 jalan kerinchi, 59200 kuala lumpur, Malaysia Reported Earnings • Feb 26
Full year 2025 earnings released: EPS: RM0.024 (vs RM0.047 loss in FY 2024) Full year 2025 results: EPS: RM0.024 (up from RM0.047 loss in FY 2024). Revenue: RM93.9m (down 13% from FY 2024). Net income: RM13.2m (up RM39.4m from FY 2024). Profit margin: 14% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Nov 27
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 04 December 2025. Payment date: 26 December 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 5.7%. Within top quartile of Malaysian dividend payers (5.6%). Higher than average of industry peers (4.4%). Reported Earnings • Nov 21
Third quarter 2025 earnings released: EPS: RM0.003 (vs RM0.071 loss in 3Q 2024) Third quarter 2025 results: EPS: RM0.003 (up from RM0.071 loss in 3Q 2024). Revenue: RM21.8m (down 17% from 3Q 2024). Net income: RM1.78m (up RM41.5m from 3Q 2024). Profit margin: 8.2% (up from net loss in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: RM0.006 (vs RM0.004 in 2Q 2024) Second quarter 2025 results: EPS: RM0.006 (up from RM0.004 in 2Q 2024). Revenue: RM22.4m (down 19% from 2Q 2024). Net income: RM3.19m (up 41% from 2Q 2024). Profit margin: 14% (up from 8.2% in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Reported Earnings • May 30
First quarter 2025 earnings released: EPS: RM0.008 (vs RM0.009 in 1Q 2024) First quarter 2025 results: EPS: RM0.008 (down from RM0.009 in 1Q 2024). Revenue: RM25.9m (down 4.1% from 1Q 2024). Net income: RM4.64m (down 8.2% from 1Q 2024). Profit margin: 18% (in line with 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Announcement • May 29
N2N Connect Berhad Approves Final Dividend for the Financial Year Ended 31 December 2024 N2N Connect Berhad at its AGM held on May 29, 2025 approved a final dividend of 1 sen per share (Single Tier Dividend) for the financial year ended 31 December 2024. Upcoming Dividend • May 29
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 05 June 2025. Payment date: 23 June 2025. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 4.7%. Lower than top quartile of Malaysian dividend payers (5.6%). Higher than average of industry peers (3.7%). Announcement • Apr 29
N2N Connect Berhad, Annual General Meeting, May 29, 2025 N2N Connect Berhad, Annual General Meeting, May 29, 2025, at 10:00 Singapore Standard Time. Location: wisma n2n, level 9, tower 2, avenue 3, bangsar south, no. 8, jalan kerinchi, 59200 kuala lumpur, Malaysia Announcement • Apr 16
N2N Connect Berhad Proposes Final Single Tier Dividend in Respect of the Financial Year Ended 31 December 2024 N2N Connect Berhad announced that the Board of Directors of the Company has proposed a final single tier dividend of 1 sen per share in respect of the financial year ended 31 December 2024 subject to the Shareholders' approval at the forthcoming Twenty Fourth Annual General Meeting. Reported Earnings • Feb 27
Full year 2024 earnings released: RM0.047 loss per share (vs RM0.025 profit in FY 2023) Full year 2024 results: RM0.047 loss per share (down from RM0.025 profit in FY 2023). Revenue: RM107.7m (up 2.4% from FY 2023). Net loss: RM26.2m (down 286% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. 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. 3 experienced directors. 3 highly experienced directors. Non Independent & Non Executive Director Lin Lin 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. Reported Earnings • Nov 30
Third quarter 2024 earnings released: RM0.071 loss per share (vs RM0.01 profit in 3Q 2023) Third quarter 2024 results: RM0.071 loss per share (down from RM0.01 profit in 3Q 2023). Revenue: RM26.3m (down 3.1% from 3Q 2023). Net loss: RM39.8m (down RM45.4m from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Declared Dividend • Aug 24
First half dividend of RM0.01 announced Dividend of RM0.01 is the same as last year. Ex-date: 6th September 2024 Payment date: 27th September 2024 Dividend yield will be 3.8%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (75% earnings payout ratio) but not adequately covered by cash flows (96% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 1.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: RM0.004 (vs RM0.006 in 2Q 2023) Second quarter 2024 results: EPS: RM0.004 (down from RM0.006 in 2Q 2023). Revenue: RM27.7m (up 8.4% from 2Q 2023). Net income: RM2.26m (down 37% from 2Q 2023). Profit margin: 8.2% (down from 14% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Apr 23
N2N Connect Berhad, Annual General Meeting, May 23, 2024 N2N Connect Berhad, Annual General Meeting, May 23, 2024, at 10:00 Singapore Standard Time. Location: Wisma N2N, Level 9, Tower 2, Avenue 3 Bangsar South, No. 8 Jalan Kerinchi Kuala Lumpur Malaysia Agenda: To lay before the Meeting the Audited Financial Statements for the financial year ended 31 December 2023 and the Reports of the Directors and Auditors thereon; to approve the payment of Directors' Fees of RM890,508 for the financial year ending 31 December 2024; to approve the payment of Directors' benefits (excluding Directors' Fees) up to an amount of RM20,000 payable from 1 January 2024 until the next Annual General Meeting of the Company to be held in the year 2025; to re-elect the Directors retiring in accordance with Clause 103(1) of the Company's Constitution; to re-appoint HLB Ler Lum Chew PLT as Auditors of the Company and to authorize the Board of Directors to determine their remuneration; and to consider other related matters. Upcoming Dividend • Mar 07
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 29 March 2024. Payout ratio and cash payout ratio are on the higher end at 79% and 78% respectively. Trailing yield: 4.2%. Lower than top quartile of Malaysian dividend payers (4.8%). Higher than average of industry peers (2.8%). Declared Dividend • Feb 28
Final dividend of RM0.01 announced Dividend of RM0.01 is the same as last year. Ex-date: 14th March 2024 Payment date: 29th March 2024 Dividend yield will be 4.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (78% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. 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 • Feb 27
Full year 2023 earnings released: EPS: RM0.025 (vs RM0.032 in FY 2022) Full year 2023 results: EPS: RM0.025 (down from RM0.032 in FY 2022). Revenue: RM105.2m (up 2.2% from FY 2022). Net income: RM14.1m (down 20% 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 23% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 24
Third quarter 2023 earnings released: EPS: RM0.01 (vs RM0.006 in 3Q 2022) Third quarter 2023 results: EPS: RM0.01 (up from RM0.006 in 3Q 2022). Revenue: RM27.1m (up 6.3% from 3Q 2022). Net income: RM5.61m (up 79% from 3Q 2022). Profit margin: 21% (up from 12% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 15% per year. Upcoming Dividend • Sep 07
Upcoming dividend of RM0.01 per share at 4.2% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Malaysian dividend payers (5.2%). Higher than average of industry peers (2.6%). Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: RM0.007 (vs RM0.007 in 2Q 2022) Second quarter 2023 results: EPS: RM0.007 (in line with 2Q 2022). Revenue: RM25.5m (down 2.4% from 2Q 2022). Net income: RM3.60m (down 9.8% from 2Q 2022). Profit margin: 14% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 20% growth forecast for the Software industry in Asia. 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 16% per year. Price Target Changed • May 26
Price target decreased by 12% to RM0.37 Down from RM0.42, the current price target is provided by 1 analyst. New target price is 17% below last closing price of RM0.45. Stock is down 18% over the past year. The company is forecast to post earnings per share of RM0.017 for next year compared to RM0.032 last year. Reported Earnings • Apr 30
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: RM0.032 (down from RM0.039 in FY 2021). Revenue: RM103.0m (down 11% from FY 2021). Net income: RM17.6m (down 20% from FY 2021). Profit margin: 17% (down from 19% in FY 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 58%. Revenue is forecast to stay flat during the next 3 years compared to a 22% growth forecast for the Software industry in Asia. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 07
Upcoming dividend of RM0.01 per share at 4.0% yield Eligible shareholders must have bought the stock before 14 March 2023. Payment date: 30 March 2023. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Malaysian dividend payers (5.2%). Higher than average of industry peers (2.5%). Reported Earnings • Feb 28
Full year 2022 earnings released: EPS: RM0.032 (vs RM0.039 in FY 2021) Full year 2022 results: EPS: RM0.032 (down from RM0.039 in FY 2021). Revenue: RM103.0m (down 11% from FY 2021). Net income: RM17.6m (down 20% from FY 2021). Profit margin: 17% (down from 19% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 22% growth forecast for the Software industry in Asia. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Buying Opportunity • Dec 29
Now 20% undervalued Over the last 90 days, the stock is up 3.4%. The fair value is estimated to be RM0.56, 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. Earnings per share has grown by 4.9%. Revenue is forecast to grow by 0.6% in 2 years. Earnings is forecast to decline by 5.4% in the next 2 years. Reported Earnings • Nov 24
Third quarter 2022 earnings released: EPS: RM0.006 (vs RM0.003 in 3Q 2021) Third quarter 2022 results: EPS: RM0.006 (up from RM0.003 in 3Q 2021). Revenue: RM25.5m (down 5.5% from 3Q 2021). Net income: RM3.13m (up 123% from 3Q 2021). Profit margin: 12% (up from 5.2% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Software industry in Asia. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 16
Price target decreased to RM0.53 Down from RM0.67, the current price target is provided by 1 analyst. New target price is 30% above last closing price of RM0.41. Stock is down 42% over the past year. The company is forecast to post earnings per share of RM0.021 for next year compared to RM0.039 last year. Buying Opportunity • Oct 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 7.9%. The fair value is estimated to be RM0.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to decline by 0.5% in 2 years. Earnings is forecast to grow by 16% in the next 2 years. Buying Opportunity • Sep 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.3%. The fair value is estimated to be RM0.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to decline by 0.5% in 2 years. Earnings is forecast to grow by 16% in the next 2 years. Buying Opportunity • Aug 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be RM0.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to decline by 0.5% in 2 years. Earnings is forecast to grow by 16% in the next 2 years. Price Target Changed • Aug 26
Price target decreased to RM0.53 Down from RM0.66, the current price target is provided by 1 analyst. New target price is 13% above last closing price of RM0.47. Stock is down 40% over the past year. The company is forecast to post earnings per share of RM0.023 for next year compared to RM0.039 last year. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: RM0.007 (vs RM0.009 in 2Q 2021) Second quarter 2022 results: EPS: RM0.007 (down from RM0.009 in 2Q 2021). Revenue: RM26.2m (down 12% from 2Q 2021). Net income: RM3.99m (down 23% from 2Q 2021). Profit margin: 15% (down from 17% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to stay flat compared to a 28% growth forecast for the Software industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Aug 20
N2N Connect Berhad Announces Re-Designation of Chua Hock Seng as Independent and Non-Executive Chairman N2N Connect Berhad announced the re-designation of Mr. Chua Hock Seng, independent director as independent and non-executive chairman. Date of change is 19 August 2022. Age: 74; Gender: Male; Nationality: Malaysia; Qualifications: Others: Business Studies, City of London College, London. Working experience and occupation: 1973-1982 Co-founder of Noone & Co (Member of SEMS and later KLSE. Dealing with local and foreign institution & stockbrokers); 1983-1997 Co-founder Halim Securities Sdn Bhd (Member of KLSE);1987-1992 Appointed to the Main Committee of KLSE/Bursa, appointed to the SCAN Board and appointed to the various subcommittees of KLSE like membership, AWAS; 1990-1995 Appointed director of The Malaysia Capital Fund Limited (MCF); 2004-2008 Consultant Advisory Board of Bridge Group International Ltd; 2000-2010 Appointed as business developments and advisory to K&N Kenanga Bhd /Investment Bank. Upcoming Dividend • Jun 07
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 14 June 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 61% and the cash payout ratio is 91%. Trailing yield: 3.7%. Lower than top quartile of Malaysian dividend payers (4.6%). Higher than average of industry peers (2.7%). Reported Earnings • May 28
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: EPS: RM0.007 (down from RM0.014 in 1Q 2021). Revenue: RM26.8m (down 12% from 1Q 2021). Net income: RM3.97m (down 49% from 1Q 2021). Profit margin: 15% (down from 26% in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.2%. Over the next year, revenue is expected to shrink by 3.7% compared to a 29% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 27
Price target increased to RM0.66 Up from RM0.55, the current price target is provided by 1 analyst. New target price is 19% above last closing price of RM0.55. Stock is down 33% over the past year. The company is forecast to post earnings per share of RM0.023 for next year compared to RM0.039 last year. Announcement • Apr 26
N2N Connect Berhad, Annual General Meeting, May 26, 2022 N2N Connect Berhad, Annual General Meeting, May 26, 2022, at 10:00 China Standard Time. Location: Wisma N2N, Level 9, Tower 2, Avenue 3, Bangsar South, No. 8 Jalan Kerinchi, 59200 Kaula Lumpur Malaysia Agenda: To consider Proposed Share Buy-Back; to consider Directors' fees for the year ending 31 December 2022; to consider Directors' benefits; to consider Appointment of Auditors; and to consider other matters. Price Target Changed • Apr 08
Price target increased to RM0.66 Up from RM0.58, the current price target is provided by 1 analyst. New target price is 14% above last closing price of RM0.57. Stock is down 22% over the past year. The company is forecast to post earnings per share of RM0.023 for next year compared to RM0.039 last year. Reported Earnings • Feb 24
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: RM0.039 (down from RM0.049 in FY 2020). Revenue: RM115.8m (up 3.0% from FY 2020). Net income: RM22.0m (down 19% from FY 2020). Profit margin: 19% (down from 24% in FY 2020). 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 7.7% compared to a 30% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 07
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 14 December 2021. Payment date: 28 December 2021. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 6.7%. Within top quartile of Malaysian dividend payers (4.6%). Higher than average of industry peers (3.1%). Major Estimate Revision • Dec 02
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from RM0.043 to RM0.036. Revenue forecast unchanged from RM114.9m at last update. Net income forecast to shrink 12% next year vs 35% growth forecast for Software industry in Malaysia . Consensus price target down from RM1.20 to RM0.58. Share price fell 9.9% to RM0.59 over the past week. Reported Earnings • Nov 26
Third quarter 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2021 results: EPS: RM0.003 (down from RM0.017 in 3Q 2020). Revenue: RM27.0m (down 14% from 3Q 2020). Net income: RM1.40m (down 86% from 3Q 2020). Profit margin: 5.2% (down from 31% in 3Q 2020). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) exceeded analyst estimates by 21%. Earnings per share (EPS) surpassed analyst estimates by 21%. Over the next year, revenue is forecast to grow 3.4%, compared to a 30% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Price Target Changed • Aug 28
Price target decreased to RM1.20 Down from RM1.30, the current price target is provided by 1 analyst. New target price is 56% above last closing price of RM0.77. Stock is down 6.7% over the past year. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS RM0.009 (vs RM0.012 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: RM29.8m (up 4.4% from 2Q 2020). Net income: RM5.16m (down 26% from 2Q 2020). Profit margin: 17% (down from 24% in 2Q 2020). The decrease in margin was driven by higher 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 13% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 04
Upcoming dividend of RM0.03 per share Eligible shareholders must have bought the stock before 11 June 2021. Payment date: 30 June 2021. Trailing yield: 5.3%. Within top quartile of Malaysian dividend payers (4.0%). Higher than average of industry peers (2.6%). Major Estimate Revision • May 31
Consensus EPS estimates increase to RM0.046 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from RM112.7m to RM114.9m. EPS estimate increased from RM0.041 to RM0.046 per share. Net income forecast to shrink 9.3% next year vs 29% growth forecast for Software industry in Malaysia . Consensus price target up from RM1.15 to RM1.30. Share price rose 3.8% to RM0.82 over the past week. Announcement • May 26
N2N Connect Berhad Announces Special Dividend for the Financial Year Ended 31 December 2020, Payable on June 30, 2021 N2N Connect Berhad announced special dividend of 2 sen per share (single tier dividend) in respect of the financial year ended 31 December 2020. The dividend is payable on June 30, 2021 and the ex-date is June 11, 2021. Entitlement date is 14 June 2021. Reported Earnings • May 25
First quarter 2021 earnings released: EPS RM0.014 (vs RM0.007 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: RM30.4m (up 16% from 1Q 2020). Net income: RM7.76m (up 106% from 1Q 2020). Profit margin: 26% (up from 14% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 02
Full year 2020 earnings released: EPS RM0.049 (vs RM0.028 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: RM112.4m (up 6.9% from FY 2019). Net income: RM27.1m (up 73% from FY 2019). Profit margin: 24% (up from 15% in FY 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year and the company’s share price has also fallen by 8% per year. Analyst Estimate Surprise Post Earnings • Mar 02
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 0.02%. Earnings per share (EPS) exceeded analyst estimates by 21%. Over the next year, revenue is forecast to stay flat compared to a 34% growth forecast for the Software industry in Malaysia. Is New 90 Day High Low • Feb 15
New 90-day high: RM0.85 The company is up 11% from its price of RM0.77 on 17 November 2020. The Malaysian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 2.0% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: RM0.81 The company is up 3.0% from its price of RM0.79 on 04 September 2020. The Malaysian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is down 7.0% over the same period. Major Estimate Revision • Dec 02
Analysts increase EPS estimates to RM0.04 The 2020 consensus revenue estimate increased from RM111.8m to RM115.4m. The earnings per share estimate also received an upgrade from RM0.036 to RM0.04 for the same period. Net income is expected to grow by 11% next year compared to 45% growth forecast for the Software industry in Malaysia. The consensus price target of RM1.15 was unchanged from the last update. Share price is up 4.8% to RM0.77 over the past week. Reported Earnings • Nov 26
Third quarter 2020 earnings released: EPS RM0.017 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: RM31.6m (up 24% from 3Q 2019). Net income: RM9.69m (up 74% from 3Q 2019). Profit margin: 31% (up from 22% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Nov 06
N2n Connect Berhad Announces Resignation of Masashi Shindo as Non Independent and Non Executive N2N Connect Berhad announced resignation of MASASHI SHINDO as Non Independent and Non Executive Director. Date of change is 04 Nov. 2020. Is New 90 Day High Low • Sep 24
New 90-day low: RM0.69 The company is down 12% from its price of RM0.79 on 26 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 Software industry, which is up 13% over the same period.