Price Target Changed • May 29
Price target increased by 26% to RM1.28 Up from RM1.02, the current price target is an average from 2 analysts. New target price is 16% above last closing price of RM1.10. Stock is up 153% over the past year. The company is forecast to post earnings per share of RM0.043 for next year compared to RM0.028 last year. Buy Or Sell Opportunity • May 29
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 68% to RM1.10. The fair value is estimated to be RM0.89, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last year. Earnings per share has grown by 87%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Reported Earnings • May 28
Second quarter 2026 earnings released: EPS: RM0.017 (vs RM0.01 in 2Q 2025) Second quarter 2026 results: EPS: RM0.017 (up from RM0.01 in 2Q 2025). Revenue: RM38.6m (up 22% from 2Q 2025). Net income: RM12.3m (up 74% from 2Q 2025). Profit margin: 32% (up from 22% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Malaysia. Buy Or Sell Opportunity • May 12
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 61% to RM0.94. The fair value is estimated to be RM0.77, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last year. Earnings per share has grown by 54%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 22% in the next 2 years. Buy Or Sell Opportunity • Mar 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to RM0.65. The fair value is estimated to be RM0.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last year. Earnings per share has grown by 54%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 22% in the next 2 years. Buy Or Sell Opportunity • Mar 02
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to RM0.63. The fair value is estimated to be RM0.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last year. Earnings per share has grown by 54%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 22% in the next 2 years. Reported Earnings • Feb 25
First quarter 2026 earnings released: EPS: RM0.01 (vs RM0.001 in 1Q 2025) First quarter 2026 results: EPS: RM0.01 (up from RM0.001 in 1Q 2025). Revenue: RM36.6m (up 70% from 1Q 2025). Net income: RM7.19m (up RM6.43m from 1Q 2025). Profit margin: 20% (up from 3.5% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Electronic industry in Malaysia. New Risk • Feb 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: RM388.5m (US$98.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (RM388.5m market cap, or US$98.4m). Reported Earnings • Jan 25
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: RM0.028 (up from RM0.024 in FY 2024). Revenue: RM119.6m (up 33% from FY 2024). Net income: RM20.5m (up 49% from FY 2024). Profit margin: 17% (up from 15% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) missed analyst estimates by 4.1%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Electronic industry in Malaysia. Announcement • Jan 23
Northeast Group Berhad, Annual General Meeting, Feb 24, 2026 Northeast Group Berhad, Annual General Meeting, Feb 24, 2026, at 10:30 Singapore Standard Time. Location: iconic 1, level 7, iconic hotel, 71, jalan icon city, icon city, 14000 bukit mertajam, penang, Malaysia Buy Or Sell Opportunity • Jan 15
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to RM0.59. The fair value is estimated to be RM0.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.7% over the last 3 years. Earnings per share has declined by 23%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Board Change • Dec 03
High number of new directors There are 5 new directors who have joined the board in the last 3 years. COO & Executive Director Chai Ng was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • Nov 26
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 7.8% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 26
Full year 2025 earnings released: EPS: RM0.028 (vs RM0.024 in FY 2024) Full year 2025 results: EPS: RM0.028 (up from RM0.024 in FY 2024). Revenue: RM119.6m (up 33% from FY 2024). Net income: RM20.5m (up 49% from FY 2024). Profit margin: 17% (up from 15% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Electronic industry in Malaysia. Buy Or Sell Opportunity • Oct 01
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 56% to RM0.88. The fair value is estimated to be RM0.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 29%. Revenue is forecast to grow by 58% in 2 years. Earnings are forecast to grow by 118% in the next 2 years. Major Estimate Revision • Sep 02
Consensus revenue estimates increase by 11% The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from RM107.9m to RM119.5m. EPS estimate increased from RM0.024 to RM0.029 per share. Net income forecast to grow 80% next year vs 22% growth forecast for Electronic industry in Malaysia. Consensus price target up from RM0.82 to RM0.96. Share price was steady at RM0.66 over the past week. Reported Earnings • Aug 28
Third quarter 2025 earnings released: EPS: RM0.01 (vs RM0.001 in 3Q 2024) Third quarter 2025 results: EPS: RM0.01 (up from RM0.001 in 3Q 2024). Revenue: RM31.7m (up 47% from 3Q 2024). Net income: RM7.10m (up RM6.34m from 3Q 2024). Profit margin: 22% (up from 3.5% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Electronic industry in Malaysia. New Risk • Aug 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Share price has been volatile over the past 3 months (8.7% average weekly change). New Risk • Mar 14
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 7.7% 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: Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (RM277.5m market cap, or US$62.4m). Reported Earnings • Jan 28
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: RM0.019 (down from RM0.025 in FY 2023). Revenue: RM90.1m (down 3.4% from FY 2023). Net income: RM13.7m (down 25% from FY 2023). Profit margin: 15% (down from 20% in FY 2023). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in Malaysia. Announcement • Jan 25
Northeast Group Berhad, Annual General Meeting, Feb 26, 2025 Northeast Group Berhad, Annual General Meeting, Feb 26, 2025, at 10:30 Singapore Standard Time. Location: bagan hall, 9th floor, crowne plaza penang straits city, 13200 butterworth, Malaysia New Risk • Dec 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: RM444.0m (US$98.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Market cap is less than US$100m (RM444.0m market cap, or US$98.6m). Reported Earnings • Nov 27
Full year 2024 earnings released: EPS: RM0.019 (vs RM0.025 in FY 2023) Full year 2024 results: EPS: RM0.019 (down from RM0.025 in FY 2023). Revenue: RM90.1m (down 3.4% from FY 2023). Net income: RM13.7m (down 25% from FY 2023). Profit margin: 15% (down from 20% in FY 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Electronic industry in Malaysia. Board Change • Oct 15
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Executive Director Ewe Chong is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.