Reported Earnings • Apr 26
Full year 2025 earnings released: EPS: RM0.009 (vs RM0.039 loss in FY 2024) Full year 2025 results: EPS: RM0.009 (up from RM0.039 loss in FY 2024). Revenue: RM190.4m (down 7.5% from FY 2024). Net income: RM4.55m (up RM23.3m from FY 2024). Profit margin: 2.4% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Apr 22
Upcoming dividend of RM0.015 per share Eligible shareholders must have bought the stock before 29 April 2026. Payment date: 20 May 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.0%. Lower than top quartile of Malaysian dividend payers (5.5%). In line with average of industry peers (5.2%). Announcement • Apr 21
Willowglen MSC Berhad, Annual General Meeting, Jun 12, 2026 Willowglen MSC Berhad, Annual General Meeting, Jun 12, 2026, at 10:00 Singapore Standard Time. Location: the royal selangor golf club, banquet hall, jalan kelab golf, off jalan tun razak, 55000 kuala lumpur, wilayah persekutuan, Malaysia Declared Dividend • Mar 01
Dividend of RM0.015 announced Shareholders will receive a dividend of RM0.015. Ex-date: 29th April 2026 Payment date: 20th May 2026 Dividend yield will be 5.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (61% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Reported Earnings • Feb 28
Full year 2025 earnings released: EPS: RM0.009 (vs RM0.039 loss in FY 2024) Full year 2025 results: EPS: RM0.009 (up from RM0.039 loss in FY 2024). Revenue: RM190.9m (down 7.3% from FY 2024). Net income: RM4.55m (up RM23.3m from FY 2024). Profit margin: 2.4% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Announcement • Feb 27
Willowglen MSC Berhad announces Annual dividend, payable on May 20, 2026 Willowglen MSC Berhad announced Annual dividend of MYR 0.0150 per share payable on May 20, 2026, ex-date on April 29, 2026 and record date on April 30, 2026. Buy Or Sell Opportunity • Feb 24
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 9.6% to RM0.28. The fair value is estimated to be RM0.24, however this is not to be taken as a sell 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. Buy Or Sell Opportunity • Jan 08
Now 22% overvalued Over the last 90 days, the stock has fallen 5.1% to RM0.28. The fair value is estimated to be RM0.23, however this is not to be taken as a sell 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 • Nov 23
Third quarter 2025 earnings released: EPS: RM0.002 (vs RM0.005 in 3Q 2024) Third quarter 2025 results: EPS: RM0.002 (down from RM0.005 in 3Q 2024). Revenue: RM51.6m (up 1.5% from 3Q 2024). Net income: RM971.0k (down 60% from 3Q 2024). Profit margin: 1.9% (down from 4.7% in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 29
Second quarter 2025 earnings released: EPS: RM0.002 (vs RM0.004 loss in 2Q 2024) Second quarter 2025 results: EPS: RM0.002 (up from RM0.004 loss in 2Q 2024). Revenue: RM50.0m (up 7.1% from 2Q 2024). Net income: RM1.05m (up RM2.79m from 2Q 2024). Profit margin: 2.1% (up from net loss in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Announcement • Jul 11
Willowglen MSC Berhad Announces the Cessation of Tan Chun Chee as Chief Operating Officer, Effective 11 July 2025 Willowglen MSC Berhad announced the cessation of Mr. Tan Chun Chee as Chief Operating Officer, effective 11 July 2025. Age is 58. Reason: End of service contract. Reported Earnings • Apr 24
Full year 2024 earnings released: RM0.039 loss per share (vs RM0.021 profit in FY 2023) Full year 2024 results: RM0.039 loss per share (down from RM0.021 profit in FY 2023). Revenue: RM205.9m (down 1.6% from FY 2023). Net loss: RM18.7m (down 281% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 60% 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 • Apr 22
Upcoming dividend of RM0.015 per share Eligible shareholders must have bought the stock before 29 April 2025. Payment date: 20 May 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 5.8%. Within top quartile of Malaysian dividend payers (5.7%). Higher than average of industry peers (3.9%). Announcement • Apr 21
Willowglen MSC Berhad, Annual General Meeting, May 21, 2025 Willowglen MSC Berhad, Annual General Meeting, May 21, 2025, at 10:00 Singapore Standard Time. Location: the royal selangor golf club, banquet hall, jalan kelab golf, off jalan tun razak, 55000 kuala lumpur, wilayah persekutuan, Malaysia Reported Earnings • Mar 01
Full year 2024 earnings released: RM0.039 loss per share (vs RM0.021 profit in FY 2023) Full year 2024 results: RM0.039 loss per share (down from RM0.021 profit in FY 2023). Revenue: RM205.9m (down 1.6% from FY 2023). Net loss: RM18.7m (down 281% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Declared Dividend • Mar 01
Dividend of RM0.015 announced Shareholders will receive a dividend of RM0.015. Ex-date: 29th April 2025 Payment date: 20th May 2025 Dividend yield will be 5.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (237% earnings payout ratio). However, it is covered by cash flows (52% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 163% to bring the payout ratio under control. However, EPS has declined by 22% over the last 5 years so the company would need to reverse this trend. Announcement • Feb 28
Willowglen MSC Berhad announces Annual dividend, payable on May 20, 2025 Willowglen MSC Berhad announced Annual dividend of MYR 0.0150 per share payable on May 20, 2025, ex-date on April 29, 2025 and record date on April 30, 2025. Reported Earnings • Nov 21
Third quarter 2024 earnings released: EPS: RM0.005 (vs RM0.008 in 3Q 2023) Third quarter 2024 results: EPS: RM0.005 (down from RM0.008 in 3Q 2023). Revenue: RM50.8m (down 1.0% from 3Q 2023). Net income: RM2.40m (down 38% from 3Q 2023). Profit margin: 4.7% (down from 7.6% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 34% 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. Buy Or Sell Opportunity • Nov 18
Now 21% overvalued Over the last 90 days, the stock has fallen 7.7% to RM0.30. The fair value is estimated to be RM0.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has declined by 26%. Buy Or Sell Opportunity • Oct 23
Now 21% overvalued Over the last 90 days, the stock has fallen 13% to RM0.31. The fair value is estimated to be RM0.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has declined by 26%. Buy Or Sell Opportunity • Sep 13
Now 21% overvalued Over the last 90 days, the stock has fallen 18% to RM0.32. The fair value is estimated to be RM0.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has declined by 26%. Reported Earnings • Aug 17
Second quarter 2024 earnings released: RM0.004 loss per share (vs RM0.006 profit in 2Q 2023) Second quarter 2024 results: RM0.004 loss per share (down from RM0.006 profit in 2Q 2023). Revenue: RM46.7m (flat on 2Q 2023). Net loss: RM1.73m (down 161% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 26% 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. Reported Earnings • May 22
First quarter 2024 earnings released: EPS: RM0 (vs RM0.003 in 1Q 2023) First quarter 2024 results: EPS: RM0 (down from RM0.003 in 1Q 2023). Revenue: RM49.3m (up 9.3% from 1Q 2023). Net loss: RM52.0k (down 104% from profit in 1Q 2023). 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 3% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 22
Upcoming dividend of RM0.015 per share Eligible shareholders must have bought the stock before 29 April 2024. Payment date: 20 May 2024. Payout ratio is a comfortable 67% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of Malaysian dividend payers (4.6%). Higher than average of industry peers (3.5%). Announcement • Apr 21
Willowglen MSC Berhad, Annual General Meeting, May 21, 2024 Willowglen MSC Berhad, Annual General Meeting, May 21, 2024, at 10:00 Singapore Standard Time. Location: Board Room, No. 1, Jalan 2/149B, Taman Sri Endah Bandar Baru Sri Petaling, 57000 Kaula Lumpur Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31 December 2023 together with the Reports of the Directors and the Auditors thereon; to re-elect the retiring Directors of the Company, who are due to retire by rotation in accordance with Clause 124 of the Company's Constitution and being eligible, have offered themselves for re-election; to approve the payment of Directors' fees amounting to MYR 221,350.00 for the financial year ended 31 December 2023; to re-appoint Messrs. Baker Tilly Monteiro Heng PLT as Auditors of the Company until the conclusion of the next AGM and authorise the Directors to fix their remuneration; and to consider other matters. Declared Dividend • Mar 01
Dividend of RM0.015 announced Shareholders will receive a dividend of RM0.015. Ex-date: 29th April 2024 Payment date: 20th May 2024 Dividend yield will be 4.3%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (59% 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 remained flat since 10 years ago. However, payments have been volatile during that time. 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 29
Full year 2023 earnings released: EPS: RM0.022 (vs RM0.032 in FY 2022) Full year 2023 results: EPS: RM0.022 (down from RM0.032 in FY 2022). Revenue: RM209.3m (up 8.7% from FY 2022). Net income: RM10.9m (down 29% from FY 2022). Profit margin: 5.2% (down from 8.0% 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 13% per year whereas the company’s share price has fallen by 8% per year. Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: RM0.008 (vs RM0.012 in 3Q 2022) Third quarter 2023 results: EPS: RM0.008 (down from RM0.012 in 3Q 2022). Revenue: RM51.3m (up 2.6% from 3Q 2022). Net income: RM3.88m (down 34% from 3Q 2022). Profit margin: 7.6% (down from 12% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 7% per year. Reported Earnings • Aug 24
Second quarter 2023 earnings released: EPS: RM0.006 (vs RM0.005 in 2Q 2022) Second quarter 2023 results: EPS: RM0.006 (up from RM0.005 in 2Q 2022). Revenue: RM46.5m (down 3.0% from 2Q 2022). Net income: RM2.83m (up 18% from 2Q 2022). Profit margin: 6.1% (up from 5.0% in 2Q 2022). The increase in margin was driven by lower expenses. 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 8% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 21
Full year 2022 earnings released: EPS: RM0.032 (vs RM0.031 in FY 2021) Full year 2022 results: EPS: RM0.032 (up from RM0.031 in FY 2021). Revenue: RM192.5m (up 12% from FY 2021). Net income: RM15.4m (flat on FY 2021). Profit margin: 8.0% (down from 8.9% in FY 2021). 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 fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 19
Upcoming dividend of RM0.015 per share at 3.8% yield Eligible shareholders must have bought the stock before 26 April 2023. Payment date: 18 May 2023. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of Malaysian dividend payers (5.3%). Higher than average of industry peers (2.4%). Reported Earnings • Feb 28
Full year 2022 earnings released: EPS: RM0.032 (vs RM0.031 in FY 2021) Full year 2022 results: EPS: RM0.032 (up from RM0.031 in FY 2021). Revenue: RM192.5m (up 12% from FY 2021). Net income: RM15.4m (flat on FY 2021). Profit margin: 8.0% (down from 8.9% in FY 2021). 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 fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 17
Third quarter 2022 earnings released: EPS: RM0.012 (vs RM0.007 in 3Q 2021) Third quarter 2022 results: EPS: RM0.012 (up from RM0.007 in 3Q 2021). Revenue: RM50.0m (up 28% from 3Q 2021). Net income: RM5.87m (up 75% from 3Q 2021). Profit margin: 12% (up from 8.6% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Non-Executive Director Feisal Alhady was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 25
Second quarter 2022 earnings released: EPS: RM0.005 (vs RM0.006 in 2Q 2021) Second quarter 2022 results: EPS: RM0.005 (down from RM0.006 in 2Q 2021). Revenue: RM48.0m (up 13% from 2Q 2021). Net income: RM2.39m (down 22% from 2Q 2021). Profit margin: 5.0% (down from 7.2% in 2Q 2021). 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 fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • May 27
First quarter 2022 earnings released: EPS: RM0.005 (vs RM0.004 in 1Q 2021) First quarter 2022 results: EPS: RM0.005 (up from RM0.004 in 1Q 2021). Revenue: RM41.5m (up 17% from 1Q 2021). Net income: RM2.61m (up 54% from 1Q 2021). Profit margin: 6.3% (up from 4.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Non-Executive Director Feisal Alhady was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 19
Willowglen MSC Berhad, Annual General Meeting, May 25, 2022 Willowglen MSC Berhad, Annual General Meeting, May 25, 2022, at 02:00 Coordinated Universal Time. Agenda: To receive the Audited Financial Statements for the financial year ended 31 December 2021 together with the Reports of the Directors and the Auditors thereon; To approve the payment of Directors' fees amounting to RM245,000.00 for the financial year ended 31 December 2021; to approve the payment of Directors' benefits to the Independent Non-Executive Directors up to RM40,000.00 from a day after the twenty-Fourth AGM until the date of the next AGM of the Company in the year 2023; and to transact any other ordinary business of which due notice shall have been given. Upcoming Dividend • Apr 19
Upcoming dividend of RM0.015 per share Eligible shareholders must have bought the stock before 26 April 2022. Payment date: 18 May 2022. Payout ratio is a comfortable 48% and the cash payout ratio is 83%. Trailing yield: 3.7%. Lower than top quartile of Malaysian dividend payers (4.4%). Higher than average of industry peers (2.5%). Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: RM0.031 (down from RM0.037 in FY 2020). Revenue: RM171.3m (up 17% from FY 2020). Net income: RM15.3m (down 15% from FY 2020). Profit margin: 8.9% (down from 12% in FY 2020). 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 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Feb 25
Willowglen MSC Berhad Announces Final Single-Tier Dividend for the Financial Year Ended December 31, 2021, Payable on May 18, 2022 Willowglen MSC Berhad announced final single-tier dividend of 1.5 sen per ordinary share for the financial year ended December 31, 2021, payable on May 18, 2022. Entitlement date to be April 27, 2022. Ex-date to be April 26, 2022. Reported Earnings • Nov 18
Third quarter 2021 earnings released: EPS RM0.007 (vs RM0.006 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: RM39.0m (up 28% from 3Q 2020). Net income: RM3.36m (up 24% from 3Q 2020). Profit margin: 8.6% (down from 8.9% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Feisal Al Hady was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Oct 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Feisal Al Hady was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS RM0.006 (vs RM0.006 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: RM42.3m (up 24% from 2Q 2020). Net income: RM3.06m (up 11% from 2Q 2020). Profit margin: 7.2% (down from 8.1% 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 10% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • May 21
First quarter 2021 earnings released: EPS RM0.004 (vs RM0.004 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: RM35.6m (up 28% from 1Q 2020). Net income: RM1.70m (down 20% from 1Q 2020). Profit margin: 4.8% (down from 7.7% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 25
Full year 2020 earnings released: EPS RM0.037 (vs RM0.031 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: RM146.1m (up 4.9% from FY 2019). Net income: RM17.9m (up 20% from FY 2019). Profit margin: 12% (up from 11% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 2% per year. Upcoming Dividend • Apr 19
Upcoming dividend of RM0.015 per share Eligible shareholders must have bought the stock before 26 April 2021. Payment date: 18 May 2021. Trailing yield: 2.9%. Lower than top quartile of Malaysian dividend payers (4.0%). Higher than average of industry peers (2.4%). Reported Earnings • Feb 27
Full year 2020 earnings released: EPS RM0.037 (vs RM0.031 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: RM146.1m (up 4.9% from FY 2019). Net income: RM17.9m (up 20% from FY 2019). Profit margin: 12% (up from 11% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 8% per year. Is New 90 Day High Low • Feb 20
New 90-day high: RM0.46 The company is up 6.0% from its price of RM0.43 on 20 November 2020. The Malaysian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Software industry, which is up 16% over the same period. Reported Earnings • Nov 19
Third quarter 2020 earnings released: EPS RM0.006 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: RM30.4m (up 4.3% from 3Q 2019). Net income: RM2.72m (down 16% from 3Q 2019). Profit margin: 8.9% (down from 11% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 30
New 90-day low: RM0.41 The company is down 13% from its price of RM0.47 on 30 July 2020. The Malaysian market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 8.0% over the same period.