Announcement • Apr 22
Cnergenz Berhad, Annual General Meeting, May 15, 2026 Cnergenz Berhad, Annual General Meeting, May 15, 2026, at 09:30 Singapore Standard Time. Location: marjorie 6, level 11, iconic marjorie hotel, 239a jalan sultan azlan shah, kampung sungai nibong, 11900 bayan lepas, pulau pinang, Malaysia New Risk • Feb 25
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: 2.6% Last year net profit margin: 8.9% 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: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Profit margins are more than 30% lower than last year (2.6% net profit margin). Market cap is less than US$100m (RM251.5m market cap, or US$64.6m). Reported Earnings • Feb 25
Full year 2025 earnings released: EPS: RM0.006 (vs RM0.023 in FY 2024) Full year 2025 results: EPS: RM0.006 (down from RM0.023 in FY 2024). Revenue: RM114.8m (down 11% from FY 2024). Net income: RM3.01m (down 74% from FY 2024). Profit margin: 2.6% (down from 8.9% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Electronic industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. New Risk • Nov 21
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 34% 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 Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 21% per year over the past 5 years. High level of non-cash earnings (34% accrual ratio). Minor Risk Market cap is less than US$100m (RM246.5m market cap, or US$59.5m). New Risk • Nov 13
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 20% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (RM281.4m market cap, or US$68.1m). Reported Earnings • Aug 21
Second quarter 2025 earnings released: EPS: RM0.002 (vs RM0.005 in 2Q 2024) Second quarter 2025 results: EPS: RM0.002 (down from RM0.005 in 2Q 2024). Revenue: RM19.8m (down 16% from 2Q 2024). Net income: RM979.0k (down 61% from 2Q 2024). Profit margin: 4.9% (down from 11% in 2Q 2024). New Risk • Jun 20
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 18% per year over the past 5 years. High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (RM149.4m market cap, or US$35.1m). Announcement • May 30
Cnergenz Berhad Reports Property, Plant and Equipment Written Off for the First Quarter Ended March 31, 2025 Cnergenz Berhad reported Property, plant and equipment written off for the first quarter ended March 31, 2025. For the quarter, the company reported Property, plant and equipment written off of MYR 1,000 against MYR 2,000 a year ago. Reported Earnings • May 30
First quarter 2025 earnings released: EPS: RM0.001 (vs RM0.006 in 1Q 2024) First quarter 2025 results: EPS: RM0.001 (down from RM0.006 in 1Q 2024). Revenue: RM19.2m (down 39% from 1Q 2024). Net income: RM422.0k (down 85% from 1Q 2024). Profit margin: 2.2% (down from 9.0% in 1Q 2024). The decrease in margin was driven by lower revenue. New Risk • May 09
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 35% 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 Earnings have declined by 21% per year over the past 5 years. High level of non-cash earnings (35% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (RM171.8m market cap, or US$39.8m). Announcement • Apr 29
Cnergenz Berhad, Annual General Meeting, May 29, 2025 Cnergenz Berhad, Annual General Meeting, May 29, 2025, at 10:00 Singapore Standard Time. Location: marjorie 5, level 11, iconic marjorie hotel, 239a jalan sultan azlan shah, kampung sungai nibong, 11900 bayan lepas, pulau pinang, Malaysia New Risk • Apr 07
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 21% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (RM179.3m market cap, or US$40.2m). Reported Earnings • Feb 28
Full year 2024 earnings released: EPS: RM0.023 (vs RM0.029 in FY 2023) Full year 2024 results: EPS: RM0.023 (down from RM0.029 in FY 2023). Revenue: RM128.8m (down 20% from FY 2023). Net income: RM11.4m (down 20% from FY 2023). Profit margin: 8.9% (up from 8.8% in FY 2023). The increase in margin was driven by lower expenses. New Risk • Feb 27
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 Earnings have declined by 21% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (4.9% net profit margin). Market cap is less than US$100m (RM216.6m market cap, or US$48.8m). Reported Earnings • Nov 22
Third quarter 2024 earnings released: EPS: RM0.002 (vs RM0.004 in 3Q 2023) Third quarter 2024 results: EPS: RM0.002 (down from RM0.004 in 3Q 2023). Revenue: RM27.3m (flat on 3Q 2023). Net income: RM950.0k (down 53% from 3Q 2023). Profit margin: 3.5% (down from 7.5% in 3Q 2023). Announcement • Nov 21
Cnergenz Berhad Declares an Interim Tax Exempt (Single Tier) Dividend for the Financial Year Ending 31 December 2024 Cnergenz Berhad declared an Interim Tax Exempt (Single Tier) Dividend of 0.80 sen per ordinary share for the financial year ending 31 December 2024. The entitlement and payment date will be determined and announced at a later date. Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: RM0.005 (vs RM0.011 in 2Q 2023) Second quarter 2024 results: EPS: RM0.005 (down from RM0.011 in 2Q 2023). Revenue: RM23.5m (down 40% from 2Q 2023). Net income: RM2.52m (down 54% from 2Q 2023). Profit margin: 11% (down from 14% in 2Q 2023). The decrease in margin was driven by lower revenue. New Risk • Aug 14
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (7.4% net profit margin). Market cap is less than US$100m (RM229.1m market cap, or US$51.7m). New Risk • Aug 06
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 Earnings have declined by 12% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Profit margins are more than 30% lower than last year (7.4% net profit margin). Market cap is less than US$100m (RM271.4m market cap, or US$60.7m). New Risk • Jun 04
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: 7.4% Last year net profit margin: 11% 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 Earnings have declined by 12% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (7.4% net profit margin). Market cap is less than US$100m (RM358.6m market cap, or US$76.3m). Announcement • May 01
Cnergenz Berhad, Annual General Meeting, May 29, 2024 Cnergenz Berhad, Annual General Meeting, May 29, 2024, at 10:00 Singapore Standard Time. Agenda: To receive the Audited Financial Statements for the financial year ended 31 December 2023 together with Directors Report and Auditors' Report thereon; to re-elect Dato' Azman Bin Mahmud retiring in accordance with Clause 18.2 of the Company's Constitution; to re-elect Ms. Ooi Ley Ching retiring in accordance with Clause 18.2 of the Company's Constitution; to re-appoint PricewaterhouseCoopers PLT as Auditors of the Company and to authorise the Directors to fix their remuneration; and to consider other matters. Declared Dividend • Mar 07
Dividend of RM0.008 announced Shareholders will receive a dividend of RM0.008. Ex-date: 19th March 2024 Payment date: 1st April 2024 Dividend yield will be 1.4%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (42% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to decline by 50% to shift the payout ratio to a potentially unsustainable range, which is more than the 11% EPS decline seen over the last 3 years. Announcement • Feb 28
Cnergenz Berhad Proposes Interim Tax Exempt (Single Tier) Dividend for the Financial Year Ended 31 December 2023 The Board of Directors of Cnergenz Berhad declared an Interim Tax Exempt (Single Tier) Dividend of 0.80 sen per ordinary share for the financial year ended 31 December 2023. The entitlement and payment date will be determined and announced at a later date. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: RM0.029 (vs RM0.047 in FY 2022) Full year 2023 results: EPS: RM0.029 (down from RM0.047 in FY 2022). Revenue: RM161.7m (down 25% from FY 2022). Net income: RM14.2m (down 35% from FY 2022). Profit margin: 8.8% (down from 10.0% in FY 2022). The decrease in margin was driven by lower revenue. New Risk • Dec 29
New major risk - Revenue and earnings growth Earnings have declined by 4.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.9% per year over the past 5 years. Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Short dividend paying track record (1 year of continuous dividend payments). Market cap is less than US$100m (RM301.3m market cap, or US$65.6m). Market cap is less than US$100m (RM301.3m market cap, or US$65.6m). Reported Earnings • Nov 25
Third quarter 2023 earnings released: EPS: RM0.004 (vs RM0.004 in 3Q 2022) Third quarter 2023 results: EPS: RM0.004 (in line with 3Q 2022). Revenue: RM27.2m (down 33% from 3Q 2022). Net income: RM2.03m (up 20% from 3Q 2022). Profit margin: 7.5% (up from 4.2% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Electronic industry in Malaysia. Reported Earnings • Aug 24
Second quarter 2023 earnings released Second quarter 2023 results: EPS: RM0.011. Net income: RM5.43m (up RM5.43m from 2Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Malaysia. New Risk • Jul 26
New minor risk - Dividend sustainability The company has a short dividend paying track record. Continuous dividend paying years: 1 Dividend yield: 2.1% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (44% accrual ratio). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Market cap is less than US$100m (RM378.5m market cap, or US$83.1m). Reported Earnings • May 26
First quarter 2023 earnings released First quarter 2023 results: EPS: RM0.015. Net income: RM7.25m (up RM7.25m from 1Q 2022). Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Malaysia. Board Change • May 05
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. COO & Executive Director Chia Liang Kong is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 22
Full year 2022 earnings released: EPS: RM0.047 (vs RM0.033 in FY 2021) Full year 2022 results: EPS: RM0.047 (up from RM0.033 in FY 2021). Revenue: RM216.9m (up 42% from FY 2021). Net income: RM21.7m (up 66% from FY 2021). Profit margin: 10.0% (up from 8.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Electronic industry in Malaysia. Reported Earnings • Feb 22
Full year 2022 earnings released: EPS: RM0.047 (vs RM0.033 in FY 2021) Full year 2022 results: EPS: RM0.047 (up from RM0.033 in FY 2021). Revenue: RM216.9m (up 42% from FY 2021). Net income: RM21.7m (up 66% from FY 2021). Profit margin: 10.0% (up from 8.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Electronic industry in Malaysia. Major Estimate Revision • Nov 19
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from RM176.7m to RM185.3m. EPS estimate increased from RM0.04 to RM0.04 per share. Net income forecast to grow 38% next year vs 19% growth forecast for Electronic industry in Malaysia. Consensus price target up from RM0.76 to RM0.80. Share price fell 2.4% to RM0.81 over the past week. Announcement • Nov 18
Cnergenz Berhad Announces First Interim Dividend for Financial Year End 31 Dec 2022, Payment Date 22 Dec 2022 Cnergenz Berhad announced First Interim Single Dividend of 0.6 sen per ordinary share for Financial Year End 31 Dec 2022. Payment Date 22 Dec 2022, Ex-Date 07 Dec 2022 and Entitlement date 08 Dec 2022. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improved over the past week After last week's 15% share price gain to RM1.02, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 15x in the Electronic industry in Malaysia. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improved over the past week After last week's 19% share price gain to RM1.02, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 16x in the Electronic industry in Malaysia. Simply Wall St's valuation model estimates the intrinsic value at RM2.02 per share. Announcement • Jun 18
Cnergenz Berhad Announces Resignation of Woon Mei Ling as Joint Secretary Cnergenz Berhad announced resignation of Woon Mei Ling as Joint Secretary, effective June 17, 2022.