Silver Ridge Holdings Bhd (KLSE:SRIDGE) - Stock Price, News & Analysis

SRIDGE Stock Overview

An investment holding company, provides telecommunication infrastructure installation, testing, and management services in Malaysia and India. More details

SRIDGE fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Rewards

Earnings have grown 18.6% per year over the past 5 years

Risk Analysis

Has less than 1 year of cash runway

Does not have a meaningful market cap (MYR147M)

Shareholders have been diluted in the past year

Silver Ridge Holdings Bhd. Competitors

Edaran Berhad

KLSE:EDARAN

RM 103.7m

LYC Healthcare Berhad

KLSE:LYC

RM 64.3m

FSBM Holdings Berhad

KLSE:FSBM

RM 116.8m

Privasia Technology Berhad

KLSE:PRIVA

RM 67.5m

Price History & Performance

Summary of all time highs, changes and price drops for Silver Ridge Holdings Bhd
Historical stock prices
Current Share Price	RM 0.58
52 Week High	RM 1.23
52 Week Low	RM 0.28
Beta	0.0070
11 Month Change	31.82%
3 Month Change	63.38%
1 Year Change	-35.56%
33 Year Change	152.17%
5 Year Change	110.91%
Change since IPO	48.72%

Recent updates

Shareholder Returns

	SRIDGE	MY IT	MY Market
7D	3.6%	0.8%	-0.2%
1Y	-35.6%	14.2%	9.7%

Return vs Industry: SRIDGE underperformed the MY IT industry which returned 14.2% over the past year.

Return vs Market: SRIDGE underperformed the MY Market which returned 9.7% over the past year.

Price Volatility

Is SRIDGE's price volatile compared to industry and market?
SRIDGE volatility
SRIDGE Average Weekly Movement	5.7%
IT Industry Average Movement	7.1%
Market Average Movement	5.0%
10% most volatile stocks in MY Market	10.1%
10% least volatile stocks in MY Market	2.5%

Stable Share Price: SRIDGE has not had significant price volatility in the past 3 months compared to the MY market.

Volatility Over Time: SRIDGE's weekly volatility has decreased from 13% to 6% over the past year.

About the Company

Founded	Employees	CEO	Website
1995	71	n/a	www.silverridge.com.my

Silver Ridge Holdings Bhd., an investment holding company, provides telecommunication infrastructure installation, testing, and management services in Malaysia and India. The company operates through five segments: Telecommunications Solutions; Sub-construction; Trading; Investment Holdings; and Others. It engages in the creation, commission, marketing, and distribution of digitalized mobile contents; and provision of telecommunication services and network facility, and management of telecommunication towers.

Silver Ridge Holdings Bhd. Fundamentals Summary

How do Silver Ridge Holdings Bhd's earnings and revenue compare to its market cap?
SRIDGE fundamental statistics
Market cap	RM 146.56m
Earnings (TTM)	-RM 101.54k
Revenue (TTM)	RM 27.97m

5.2x

P/S Ratio

-1,443x

P/E Ratio

Is SRIDGE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SRIDGE income statement (TTM)
Revenue	RM 27.97m
Cost of Revenue	RM 23.16m
Gross Profit	RM 4.81m
Other Expenses	RM 4.91m
Earnings	-RM 101.54k

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0004
Gross Margin	17.18%
Net Profit Margin	-0.36%
Debt/Equity Ratio	16.0%

How did SRIDGE perform over the long term?

See historical performance and comparison

SRIDGE Stock Overview

Rewards

Risk Analysis

Silver Ridge Holdings Bhd. Competitors

KLSE:EDARAN

RM 103.7m

KLSE:LYC

RM 64.3m

KLSE:FSBM

RM 116.8m

KLSE:PRIVA

RM 67.5m

Price History & Performance

Recent News & Updates

New major risk - Financial position

Silver Ridge Holdings Bhd. Announces Resignation of Miss Beh Pei Fhen as Group Financial Officer

Silver Ridge Holdings Bhd. (KLSE:SRIDGE) entered into a Memorandum of Understanding to acquire Ingress Delta Construction Sdn. Bhd. from Vincent Gan Kean Cheang.

High number of new directors

Silver Ridge Holdings Bhd. Announces Appointment of Yam Tengku Shahrain Shah Bin Tengku Sulaiman Shah as Independent and Non Executive Chairman

Third quarter 2024 earnings released: EPS: RM0 (vs RM0.005 loss in 3Q 2023)

Recent updates

New major risk - Financial position

Silver Ridge Holdings Bhd. Announces Resignation of Miss Beh Pei Fhen as Group Financial Officer

Silver Ridge Holdings Bhd. (KLSE:SRIDGE) entered into a Memorandum of Understanding to acquire Ingress Delta Construction Sdn. Bhd. from Vincent Gan Kean Cheang.

High number of new directors

Silver Ridge Holdings Bhd. Announces Appointment of Yam Tengku Shahrain Shah Bin Tengku Sulaiman Shah as Independent and Non Executive Chairman

Third quarter 2024 earnings released: EPS: RM0 (vs RM0.005 loss in 3Q 2023)

Silver Ridge Holdings Bhd. Announces the Resignation of Lee Wei Chiek as Group Chief Executive Officer

Less than half of directors are independent

New major risk - Financial position

Second quarter 2024 earnings released

Silver Ridge Holdings Bhd. Announces Resignation of Tan Sri Dato' Seri Mohd Radzi Bin Sheikh Ahmad as Independent and Non Executive Chairman

Silver Ridge Holdings Bhd. Announces Redesignation of Dato' Khoo Yik Chou from Executive Director to Chief Finance Director, Effective from 1 December 2023

First quarter 2024 earnings released: EPS: RM0 (vs RM0.005 loss in 1Q 2023)

High number of new directors

Silver Ridge Holdings Bhd., Annual General Meeting, Dec 11, 2023

New major risk - Share price stability

High number of new directors

Silver Ridge Holdings Bhd. Announces Appointment of ENCIK ADEL RAIYAN BIN MOHD RAZALI as Independent and Non Executive Director

Full year 2023 earnings released: RM0.016 loss per share (vs RM0.011 loss in FY 2022)

Silver Ridge Holdings Bhd. Appoints Miss Poh Shing Huoy as Independent and Non Executive Director

Silver Ridge Holdings Bhd. Announces the Appointment of Tang Chi Hoe (Kevin) as Joint Secretary

Less than half of directors are independent

Silver Ridge Holdings Bhd. Announces Resignation of Miss Loo Bee Cheng as Independent and Non Executive Member of Audit Committee

Silver Ridge Holdings Bhd. Announces Resignation of Puan Satila Binti Dato' Mohd Suhaimi, Age 38, as Executive Director, Directorate Executive, Date of Change 03 July 2023

Silver Ridge Holdings Bhd. Appoints Loh Seong Yew as Independent and Non Executive Director

Silver Ridge Holdings Bhd. Announces Resignation of Encik Muhammad Hiqmar Danial Bin Hidzir as A Member of Remuneration Committee

Less than half of directors are independent

Silver Ridge Holdings Bhd. Announces Resignation of Encik Mohd Khairy Bin Nor Ridzan as Principal Officer

Third quarter 2023 earnings released: RM0.005 loss per share (vs RM0.007 loss in 3Q 2022)

Silver Ridge Holdings Bhd. Announces the Resignation of Encik Mohd Zahari Bin Osman as Independent and Non Executive Chairman of Remuneration Committee

Second quarter 2023 earnings released: RM0.011 loss per share (vs RM0.002 loss in 2Q 2022)

Less than half of directors are independent

Silver Ridge Holdings Bhd. Appointstan Win Sen as Executive Director

Silver Ridge Holdings Bhd. Appoints Loo Bee Cheng as Independent and Non Executive Member of Nomination Committee

Silver Ridge Holdings Bhd. Announces Resignation of Puan Satila Binti Dato' Mohd Suhaimi as Chief Executive Officer

Silver Ridge Holdings Bhd., Annual General Meeting, Dec 22, 2022

First quarter 2023 earnings released: RM0.005 loss per share (vs RM0.002 loss in 1Q 2022)

Less than half of directors are independent

Less than half of directors are independent

Silver Ridge Holdings Bhd. Announces Resignation of Voon Sze Lin as Non Independent and Non Executive Member of Remuneration Committee

Silver Ridge Holdings Bhd. Announces the Re-Designation of Dato' Khoo Yik Chou from Independent Director to Executive Director

Silver Ridge Holdings Bhd. Appoints Encik Azhar Bin Taib @ Jalal as Chief Financial Officer

Full year 2022 earnings released: RM0.012 loss per share (vs RM0.017 loss in FY 2021)

Silver Ridge Holdings Bhd. Appoints Mr. Alan Voon Sze Lin as Non Independent and Non Executive Member of Remuneration Committee

Silver Ridge Holdings Bhd. Announces the Resignation of Wong Chee Keong as Executive Director

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Silver Ridge Holdings Bhd. (KLSE:SRIDGE) acquired 21% stake in SR Total Digital Sdn Bhd from TWS Group for MYR 0.13 million.

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Full year 2021 earnings released: RM0.017 loss per share (vs RM0.02 loss in FY 2020)

Company Secretary Whooi Kung has left the company

Third quarter 2021 earnings released: RM0.008 loss per share (vs RM0.005 loss in 3Q 2020)

Company Secretary has left the company

Silver Ridge Holdings Bhd., Annual General Meeting, Mar 26, 2021

Independent & Non Executive Chairman Samsudin Bin Abu Hassan has left the company

New 90-day high: RM0.79

New 90-day high: RM0.73

New 90-day high: RM0.61

New 90-day high: RM0.54