New Risk • Jun 25
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 9.3% 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 Risks High level of non-cash earnings (25% accrual ratio). Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Profit margins are more than 30% lower than last year (3.1% net profit margin). Market cap is less than US$100m (RM111.0m market cap, or US$27.0m). Reported Earnings • May 31
Third quarter 2026 earnings released: EPS: RM0.001 (vs RM0.001 in 3Q 2025) Third quarter 2026 results: EPS: RM0.001 (in line with 3Q 2025). Revenue: RM20.3m (up 63% from 3Q 2025). Net income: RM507.0k (up 55% from 3Q 2025). Profit margin: 2.5% (in line with 3Q 2025). Over the last 3 years on average, earnings per share has increased by 133% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Feb 25
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 31% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (31% accrual ratio). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risks Profit margins are more than 30% lower than last year (2.7% net profit margin). Market cap is less than US$100m (RM134.4m market cap, or US$34.5m). New Risk • Feb 24
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.7% Last year net profit margin: 6.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.7% net profit margin). Market cap is less than US$100m (RM132.4m market cap, or US$34.0m). Reported Earnings • Feb 24
Second quarter 2026 earnings released: EPS: RM0.002 (vs RM0.004 in 2Q 2025) Second quarter 2026 results: EPS: RM0.002 (down from RM0.004 in 2Q 2025). Revenue: RM14.6m (up 32% from 2Q 2025). Net income: RM525.0k (down 51% from 2Q 2025). Profit margin: 3.6% (down from 9.8% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 29
First quarter 2026 earnings released: EPS: RM0.001 (vs RM0.005 in 1Q 2025) First quarter 2026 results: EPS: RM0.001 (down from RM0.005 in 1Q 2025). Revenue: RM5.18m (down 48% from 1Q 2025). Net income: RM150.0k (down 88% from 1Q 2025). Profit margin: 2.9% (down from 13% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Oct 30
Silver Ridge Holdings Bhd., Annual General Meeting, Nov 28, 2025 Silver Ridge Holdings Bhd., Annual General Meeting, Nov 28, 2025, at 10:00 Singapore Standard Time. Location: emerald space room, micasa all suite hotel, 368b jalan tun razak, 50400 kuala lumpur. Malaysia New Risk • Sep 21
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 43% This is considered a major 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 High level of non-cash earnings (94% accrual ratio). Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Minor Risk Market cap is less than US$100m (RM83.3m market cap, or US$19.8m). Reported Earnings • Aug 29
Full year 2025 earnings released: EPS: RM0.011 (vs RM0 in FY 2024) Full year 2025 results: EPS: RM0.011 (up from RM0 in FY 2024). Revenue: RM39.3m (up 41% from FY 2024). Net income: RM2.84m (up RM2.94m from FY 2024). Profit margin: 7.2% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. New Risk • Jul 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 7.3% 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 High level of non-cash earnings (56% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (RM56.0m market cap, or US$13.2m). Reported Earnings • Jun 03
Third quarter 2025 earnings released: EPS: RM0.001 (vs RM0 in 3Q 2024) Third quarter 2025 results: EPS: RM0.001 (up from RM0 in 3Q 2024). Revenue: RM12.5m (up 61% from 3Q 2024). Net income: RM327.0k (up RM295.0k from 3Q 2024). Profit margin: 2.6% (up from 0.4% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. New Risk • May 22
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% This is considered a major 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 Share price has been highly volatile over the past 3 months (15% average weekly change). High level of non-cash earnings (52% accrual ratio). Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Minor Risks Revenue is less than US$5m (RM21m revenue, or US$4.9m). Market cap is less than US$100m (RM55.9m market cap, or US$13.1m). New Risk • Apr 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% 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 Share price has been highly volatile over the past 3 months (17% average weekly change). High level of non-cash earnings (52% accrual ratio). Minor Risks Shareholders have been diluted in the past year (21% increase in shares outstanding). Revenue is less than US$5m (RM21m revenue, or US$4.7m). Market cap is less than US$100m (RM52.7m market cap, or US$11.7m). Announcement • Mar 07
Silver Ridge Holdings Bhd. Announces the Resignation of Tang Chi Hoe (Kevin) as Joint Company Secretary Silver Ridge Holdings Bhd. announced the resignation of Tang Chi Hoe (Kevin) as Joint Company Secretary. Date Of Change is on 07 March 2025. Announcement • Mar 03
Silver Ridge Holdings Bhd. Appoints YUHASHENY A/P SUPRAMANIAM as Joint Company Secretary Silver Ridge Holdings Bhd. announced the appointment of YUHASHENY A/P SUPRAMANIAM as Joint Company Secretary. Date Of Change is on 01 March 2025. Reported Earnings • Feb 25
Second quarter 2025 earnings released: EPS: RM0.004 (vs RM0 in 2Q 2024) Second quarter 2025 results: EPS: RM0.004 (up from RM0 in 2Q 2024). Revenue: RM11.1m (flat on 2Q 2024). Net income: RM1.08m (up RM1.11m from 2Q 2024). Profit margin: 9.8% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. New Risk • Feb 05
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 11% 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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (55% accrual ratio). Minor Risk Market cap is less than US$100m (RM122.6m market cap, or US$27.7m). New Risk • Dec 05
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 8.4% 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 High level of non-cash earnings (55% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (RM123.8m market cap, or US$28.0m). Reported Earnings • Nov 29
First quarter 2025 earnings released: EPS: RM0.005 (vs RM0 in 1Q 2024) First quarter 2025 results: EPS: RM0.005 (up from RM0 in 1Q 2024). Revenue: RM9.97m (up 135% from 1Q 2024). Net income: RM1.30m (up RM1.27m from 1Q 2024). Profit margin: 13% (up from 0.6% 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 34% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 07
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -RM4.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-RM4.1m free cash flow). Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (RM132.7m market cap, or US$30.1m). Announcement • Oct 10
Silver Ridge Holdings Bhd. Announces Resignation of Miss Beh Pei Fhen as Group Financial Officer Silver Ridge Holdings Bhd. announced resignation of Miss Beh Pei Fhen as Group Financial Officer, aged 36 effective from 10 October 2024 to pursue own interest. Announcement • Sep 04
Silver Ridge Holdings Bhd. (KLSE:SRIDGE) entered into a Memorandum of Understanding to acquire Ingress Delta Construction Sdn. Bhd. from Vincent Gan Kean Cheang. Silver Ridge Holdings Bhd. (KLSE:SRIDGE) entered into a Memorandum of Understanding to acquire Ingress Delta Construction Sdn. Bhd. from Vincent Gan Kean Cheang on September 3, 2024. Silver Ridge will acquire 1 million shares of Ingress Delta.
The transaction is subject to satisfactory due diligence investigation, approval of offer by target shareholders, relevant government authorities and execution of definitive agreement. Board Change • Aug 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent & Non Executive Chairman Shahrain Bin Sulaiman Shah was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 12
Silver Ridge Holdings Bhd. Announces Appointment of Yam Tengku Shahrain Shah Bin Tengku Sulaiman Shah as Independent and Non Executive Chairman Silver Ridge Holdings Bhd. announced appointment of Yam Tengku Shahrain Shah Bin Tengku Sulaiman Shah as Independent and Non Executive Chairman. Age is 39. Date of change is 12 July 2024. Qualifications: BACHELOR OF ARTS IN INDUSTRIAL AND PRODUCT DESIGN from LIM KOK WING UNIVERSITY, MALAYSIA and FOUNDATION STUDIES from CURTIN UNIVERSITY, PERTH AUSTRALIA. Working experience and occupation: TSS CONSTRUCTION SDN BHD - BOARD OF DIRECTORS (JANUARY 2013 - DECEMBER 2013; PERINTIS SDN BHD - BOARD MEMBER AND ADVISOR (2017 – 2021); PRESINT VENTURE SDN BHD - BOARD OF DIRECTOR (2014 - 2016)TSS & PARTNERS SDN BHD - BOARD OF DIRECTORS (2013 - PRESENT);SULAIMARIA SDN BHD - BOARD OF DIRECTORS (2013 - PRESENT);OBRISE SOLUTION HOLDINGS SDN BHD - BOARD OF DIRECTORS (2021 - PRESENT). Reported Earnings • May 30
Third quarter 2024 earnings released: EPS: RM0 (vs RM0.005 loss in 3Q 2023) Third quarter 2024 results: EPS: RM0 (improved from RM0.005 loss in 3Q 2023). Revenue: RM7.77m (up 125% from 3Q 2023). Net income: RM32.0k (up RM1.31m from 3Q 2023). Profit margin: 0.4% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 4% per year. Announcement • May 25
Silver Ridge Holdings Bhd. Announces the Resignation of Lee Wei Chiek as Group Chief Executive Officer Silver Ridge Holdings Bhd. announced the resignation of Mr. Lee Wei Chiek as Group Chief Executive Officer. Age: 42, Date of change: 24 May 2024. Reason: personal matter. Board Change • Apr 18
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non Executive Director Adel Bin Mohd Razali was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Mar 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -RM8.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-RM8.4m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Minor Risks Shareholders have been diluted in the past year (9.5% increase in shares outstanding). Revenue is less than US$5m (RM22m revenue, or US$4.6m). Market cap is less than US$100m (RM72.3m market cap, or US$15.2m). Reported Earnings • Feb 24
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: RM11.0m (up 365% from 2Q 2023). Net loss: RM32.0k (loss narrowed 99% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Announcement • Jan 30
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. announced the resignation of Tan Sri Dato' Seri Mohd Radzi Bin Sheikh Ahmad as Independent and Non Executive Chairman. Date of change is January 29, 2024. Age is 82. Reason: To focus on personal pursuits and to give way to fresh leadership. Announcement • Nov 30
Silver Ridge Holdings Bhd. Announces Redesignation of Dato' Khoo Yik Chou from Executive Director to Chief Finance Director, Effective from 1 December 2023 Silver Ridge Holdings Bhd. announced redesignation of Dato' Khoo Yik Chou from Executive Director to Chief Finance Director. Date of change is 01 December 2023. Effective from 1 December 2023, Dato' Khoo Yik Chou will be appointed as Executive Director cum Chief Financial Officer of Silver Ridge Holdings Bhd. Age of Dato' Khoo Yik Chou is 36 years. Reported Earnings • Nov 30
First quarter 2024 earnings released: EPS: RM0 (vs RM0.005 loss in 1Q 2023) First quarter 2024 results: EPS: RM0 (improved from RM0.005 loss in 1Q 2023). Revenue: RM4.24m (up 66% from 1Q 2023). Net income: RM24.0k (up RM1.05m from 1Q 2023). Profit margin: 0.6% (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 fallen by 39% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Board Change • Nov 09
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non Executive Director Adel Bin Mohd Razali was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 31
Silver Ridge Holdings Bhd., Annual General Meeting, Dec 11, 2023 Silver Ridge Holdings Bhd., Annual General Meeting, Dec 11, 2023, at 09:00 Singapore Standard Time. Location: Balai Tunku Abdul Rahman, The Royal Commonwealth Society, No. 4 Jalan Birah, Damansara Heights Kuala Lumpur Wilayah Persekutuan Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 30 June 2023 together with the Directors' and Auditors' Reports thereon; to approve the payment of Directors' fees and benefits payable up to RM80,000 for the period from conclusion of this 18th AGM until the conclusion of the 19th AGM; to re-elect Encik Syauqat bin Dato' Mohd Suhaimi who retires in accordance with Clause 129 of the Constitution of the Company and being eligible, has offered himself for re-election; to re-elect Mr Tan Win Sen who retires in accordance with Clause 129 of the Constitution of the Company and being eligible, has offered himself for re-election; to re-elect Mr. Loh Seong Yew who retires in accordance with Clause 129 of the Constitution of the Company and being eligible, has offered himself for re-election; and to consider other matters. New Risk • Oct 04
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 11% 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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 5.2% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Revenue is less than US$5m (RM12m revenue, or US$2.5m). Market cap is less than US$100m (RM143.2m market cap, or US$30.4m). Board Change • Oct 01
High number of new directors Independent Non Executive Director Adel Bin Mohd Razali was the last director to join the board, commencing their role in 2023. Reported Earnings • Sep 01
Full year 2023 earnings released: RM0.016 loss per share (vs RM0.011 loss in FY 2022) Full year 2023 results: RM0.016 loss per share (further deteriorated from RM0.011 loss in FY 2022). Revenue: RM11.7m (up 6.2% from FY 2022). Net loss: RM3.79m (loss widened 81% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Board Change • Jul 31
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent and Non Executive Director Seong Loh was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 04
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. announced resignation of Puan Satila Binti Dato' Mohd Suhaimi, age 38, as Executive Director, Directorate Executive, Date of change 03 July 2023. Reason To pursue personal interest. Board Change • Jun 06
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Bee Loo was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 31
Silver Ridge Holdings Bhd. Announces Resignation of Encik Mohd Khairy Bin Nor Ridzan as Principal Officer Silver Ridge Holdings Bhd. announced Resignation of Encik Mohd Khairy Bin Nor Ridzan as Principal Officer. Age: 41, Male. Date of change is 29 May 2023. Reason:To pursue personal interest. Reported Earnings • May 30
Third quarter 2023 earnings released: RM0.005 loss per share (vs RM0.007 loss in 3Q 2022) Third quarter 2023 results: RM0.005 loss per share. Revenue: RM3.46m (up 106% from 3Q 2022). Net loss: RM1.27m (loss widened 12% from 3Q 2022). Reported Earnings • Mar 03
Second quarter 2023 earnings released: RM0.011 loss per share (vs RM0.002 loss in 2Q 2022) Second quarter 2023 results: RM0.011 loss per share (further deteriorated from RM0.002 loss in 2Q 2022). Revenue: RM2.37m (down 44% from 2Q 2022). Net loss: RM2.18m (loss widened RM1.82m from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Board Change • Jan 22
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Bee Loo was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Dec 23
Silver Ridge Holdings Bhd., Annual General Meeting, Dec 22, 2022 Silver Ridge Holdings Bhd., Annual General Meeting, Dec 22, 2022, at 15:00 Singapore Standard Time. Location: Lot 6-3, Level 6, Equatorial Plaza Jalan Sultan Ismail Kuala Lumpur, Malaysia Agenda: To approve payment of directors fee; to re-elect of directors; and to discuss other directors. Reported Earnings • Nov 26
First quarter 2023 earnings released: RM0.005 loss per share (vs RM0.002 loss in 1Q 2022) First quarter 2023 results: RM0.005 loss per share (further deteriorated from RM0.002 loss in 1Q 2022). Revenue: RM2.56m (up 57% from 1Q 2022). Net loss: RM1.03m (loss widened 142% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Non Independent Non Executive Chairman Mohd Radzi Sheikh Ahmad was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Non Independent Non Executive Chairman Mohd Radzi Sheikh Ahmad was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 04
Silver Ridge Holdings Bhd. Appoints Encik Azhar Bin Taib @ Jalal as Chief Financial Officer Silver Ridge Holdings Bhd. announced the appointment of Encik Azhar Bin Taib @ Jalal as Chief Financial Officer. Date of change is October 3, 2022. The age of Encik Azhar Bin Taib is 50. Qualifications: Masters in Management from Asia Metropolitan University; Professional Qualification in Accountancy from Malaysia Institute of Accountant; Degree in Accountancy from University of Utara Malaysia; Others in Technical from Daihatsu Corporation, Kyushu Japan. Working experience and occupation: January 2022 to July 2022 - Special Assistant to Chief Executive Officer, United Vehicle Industries Sdn Bhd; December 2018 to December 2021 - Senior Financial Controller cum as Corporate Service Affairs, Malaysia Automotive Robotics & IoT Institute; November 2004 to December 2018 - Chief Financial Officer cum Chief Executive Officer, PHN Industries (DRB Hicom Berhad); December 2001 to November 2004 - Treasurer, Flextronics Ind. (Malaysia) Sdn Bhd; April 1996 to December 2001 - Accountant, Fujitsu Component (M) Sdn Bhd. Reported Earnings • Sep 01
Full year 2022 earnings released: RM0.012 loss per share (vs RM0.017 loss in FY 2021) Full year 2022 results: RM0.012 loss per share (up from RM0.017 loss in FY 2021). Revenue: RM11.0m (up 10.0% from FY 2021). Net loss: RM2.22m (loss narrowed 20% from FY 2021). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Jul 07
Silver Ridge Holdings Bhd. Announces the Resignation of Wong Chee Keong as Executive Director Silver Ridge Holdings Bhd. announced the resignation of Mr. Wong Chee Keong as Executive Director, due to pursue personal reasons, date of change July 5, 2022. Reported Earnings • May 29
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: RM0.007 loss per share (up from RM0.008 loss in 3Q 2021). Revenue: RM1.68m (down 23% from 3Q 2021). Net loss: RM1.14m (loss narrowed 12% from 3Q 2021). Revenue missed analyst estimates by 33%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 02
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: RM0.002 loss per share (up from RM0.003 loss in 2Q 2021). Revenue: RM4.23m (up 69% from 2Q 2021). Net loss: RM359.0k (loss narrowed 9.6% from 2Q 2021). Revenue missed analyst estimates by 33%. Earnings per share (EPS) were also behind analyst expectations. Announcement • Dec 11
Silver Ridge Holdings Bhd. (KLSE:SRIDGE) acquired 21% stake in SR Total Digital Sdn Bhd from TWS Group for MYR 0.13 million. Silver Ridge Holdings Bhd. (KLSE:SRIDGE) acquired 21% stake in SR Total Digital Sdn Bhd from TWS Group for MYR 0.13 million on December 3, 2021. The consideration represent 52,500 ordinary shares, representing 21% interest in SRTD for a total cash consideration of RM127,500. Following the Acquisition, SRTD is now a 51% subsidiary of SRHB. The Acquisition is not subject to the approval of the shareholders and the relevant government authorities.
Silver Ridge Holdings Bhd. (KLSE:SRIDGE) completed the acquisition of a 21% stake in SR Total Digital Sdn Bhd from TWS Group on December 3, 2021. Reported Earnings • Nov 30
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: RM0.002 loss per share (up from RM0.003 loss in 1Q 2021). Revenue: RM1.63m (down 24% from 1Q 2021). Net loss: RM425.0k (loss widened 6.0% from 1Q 2021). Revenue missed analyst estimates by 33%. Earnings per share (EPS) were also behind analyst expectations. Earnings per share (EPS) missed analyst estimates. Reported Earnings • Sep 30
Full year 2021 earnings released: RM0.017 loss per share (vs RM0.02 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: RM9.98m (up 9.5% from FY 2020). Net loss: RM2.79m (loss narrowed 4.4% from FY 2020). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.