Buy Or Sell Opportunity • Apr 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to RM0.46. The fair value is estimated to be RM0.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 52%. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 978% in the next 2 years. Buy Or Sell Opportunity • Feb 26
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to RM0.45. The fair value is estimated to be RM0.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 52%. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 978% in the next 2 years. Reported Earnings • Feb 25
First quarter 2026 earnings released: RM0.004 loss per share (vs RM0.024 profit in 1Q 2025) First quarter 2026 results: RM0.004 loss per share (down from RM0.024 profit in 1Q 2025). Revenue: RM121.1m (down 3.9% from 1Q 2025). Net loss: RM2.26m (down 118% from profit in 1Q 2025). Revenue is forecast to grow 8.8% 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 increased by 52% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jan 25
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: RM0.033 (down from RM0.082 in FY 2024). Revenue: RM487.6m (flat on FY 2024). Net income: RM17.1m (down 60% from FY 2024). Profit margin: 3.5% (down from 8.8% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Electronic industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Jan 22
Notion VTec Berhad, Annual General Meeting, Mar 05, 2026 Notion VTec Berhad, Annual General Meeting, Mar 05, 2026, at 09:30 Singapore Standard Time. Location: ballroom 1, level g, premiere hotel, bandar bukit tinggi 1/ks6, jalan langat, 41200 klang, selangor darul ehsan, Malaysia Reported Earnings • Nov 25
Full year 2025 earnings released: EPS: RM0.044 (vs RM0.082 in FY 2024) Full year 2025 results: EPS: RM0.044 (down from RM0.082 in FY 2024). Revenue: RM487.6m (flat on FY 2024). Net income: RM17.2m (down 60% from FY 2024). Profit margin: 3.5% (down from 8.8% in FY 2024). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Oct 31
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to RM0.75. The fair value is estimated to be RM0.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 102% in the next 2 years. New Risk • Oct 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 (RM373.3m market cap, or US$88.3m). Buy Or Sell Opportunity • Oct 02
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to RM0.72. The fair value is estimated to be RM0.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 102% in the next 2 years. Major Estimate Revision • Aug 28
Consensus EPS estimates fall by 28% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from RM508.3m to RM486.1m. EPS estimate also fell from RM0.068 per share to RM0.049 per share. Net income forecast to grow 78% next year vs 21% growth forecast for Electronic industry in Malaysia. Consensus price target down from RM1.14 to RM0.58. Share price fell 2.9% to RM0.51 over the past week. Reported Earnings • Aug 22
Third quarter 2025 earnings released: RM0.002 loss per share (vs RM0.039 profit in 3Q 2024) Third quarter 2025 results: RM0.002 loss per share (down from RM0.039 profit in 3Q 2024). Revenue: RM114.4m (down 16% from 3Q 2024). Net loss: RM922.0k (down 105% from profit in 3Q 2024). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jun 23
Price target decreased by 54% to RM1.14 Down from RM2.46, the current price target is provided by 1 analyst. New target price is 98% above last closing price of RM0.57. Stock is down 75% over the past year. The company is forecast to post earnings per share of RM0.068 for next year compared to RM0.082 last year. Board Change • Jun 23
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Independent & Non Executive Director Alvin Vong 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. Insufficient board refreshment. Reported Earnings • May 28
Second quarter 2025 earnings released: EPS: RM0.01 (vs RM0.027 in 2Q 2024) Second quarter 2025 results: EPS: RM0.01 (down from RM0.027 in 2Q 2024). Revenue: RM116.4m (up 4.3% from 2Q 2024). Net income: RM5.10m (down 64% from 2Q 2024). Profit margin: 4.4% (down from 13% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • May 27
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from RM517.0m to RM472.0m. EPS estimate also fell from RM0.114 per share to RM0.10 per share. Net income forecast to grow 18% next year vs 16% growth forecast for Electronic industry in Malaysia. Consensus price target down from RM2.46 to RM2.14. Share price fell 7.2% to RM0.64 over the past week. Major Estimate Revision • Feb 25
Consensus revenue estimates fall by 12% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from RM554.3m to RM486.2m. EPS estimate fell from RM0.116 to RM0.095 per share. Net income forecast to grow 12% next year vs 28% growth forecast for Electronic industry in Malaysia. Consensus price target down from RM2.93 to RM1.70. Share price fell 16% to RM0.79 over the past week. New Risk • Feb 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: RM436.4m (US$98.5m) 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: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (RM436.4m market cap, or US$98.5m). Price Target Changed • Feb 19
Price target decreased by 42% to RM1.70 Down from RM2.93, the current price target is an average from 2 analysts. New target price is 95% above last closing price of RM0.87. Stock is up 176% over the past year. The company is forecast to post earnings per share of RM0.095 for next year compared to RM0.082 last year. New Risk • Feb 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: 2.2% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.0% average weekly change). Reported Earnings • Jan 23
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: RM0.082 (up from RM0.087 loss in FY 2023). Revenue: RM488.0m (up 41% from FY 2023). Net income: RM42.7m (up RM87.8m from FY 2023). Profit margin: 8.8% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in Malaysia. 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 46% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 16
Notion VTec Berhad, Annual General Meeting, Mar 05, 2025 Notion VTec Berhad, Annual General Meeting, Mar 05, 2025, at 09:30 Singapore Standard Time. Location: ballroom 3,level 1, wyndham acmar klang hotel, no.1-g_1, jalan persiaran bukit raja 2/ku1, bandar baru klang, 41150 klang, selangor darul ehsan, Malaysia Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to RM1.17, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 19x in the Electronic industry in Malaysia. Total returns to shareholders of 200% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM1.98 per share. Upcoming Dividend • Dec 26
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 02 January 2025. Payment date: 15 January 2025. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Malaysian dividend payers (5.1%). Lower than average of industry peers (1.8%). Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to RM1.34, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Electronic industry in Malaysia. Total returns to shareholders of 308% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM1.98 per share. Reported Earnings • Nov 28
Full year 2024 earnings released: EPS: RM0.087 (vs RM0.087 loss in FY 2023) Full year 2024 results: EPS: RM0.087 (up from RM0.087 loss in FY 2023). Revenue: RM488.0m (up 41% from FY 2023). Net income: RM44.9m (up RM89.9m from FY 2023). Profit margin: 9.2% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Electronic industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 27
Notion Vtec Berhad Declares Second Interim Single-Tier Dividend for the Financial Year Ended 30 September 2024 Notion VTec Berhad declared a second interim single-tier dividend of 1.00 sen per ordinary share in respect of the financial year ended 30 September 2024. Reported Earnings • Aug 06
Third quarter 2024 earnings released: EPS: RM0.039 (vs RM0.004 in 3Q 2023) Third quarter 2024 results: EPS: RM0.039 (up from RM0.004 in 3Q 2023). Revenue: RM135.5m (up 63% from 3Q 2023). Net income: RM20.2m (up RM18.3m from 3Q 2023). Profit margin: 15% (up from 2.2% in 3Q 2023). The increase in margin was driven by higher revenue. 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. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jul 25
Now 21% undervalued Over the last 90 days, the stock has risen 245% to RM2.00. The fair value is estimated to be RM2.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Meanwhile, the company became loss making. Announcement • Jul 17
Notion VTec Berhad Announces Resignation of Florian, Louis, Raymond Gineste as Chief Operating Officer Notion VTec Berhad announced the resignation of FLORIAN, LOUIS, RAYMOND GINESTE as Chief Operating Officer. Age 35, Date of change 15 July 2024. Reason Due to personal and family reasons and that his roles have been taken over by internal management without loss of operational continuity. Buy Or Sell Opportunity • Jul 09
Now 20% undervalued Over the last 90 days, the stock has risen 351% to RM2.03. The fair value is estimated to be RM2.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Meanwhile, the company became loss making. Upcoming Dividend • Jun 20
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 12 July 2024. Trailing yield: 1.0%. Lower than top quartile of Malaysian dividend payers (4.6%). Lower than average of industry peers (1.7%). Buy Or Sell Opportunity • May 24
Now 32% overvalued after recent price rise Over the last 90 days, the stock has risen 175% to RM1.21. The fair value is estimated to be RM0.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 21
Second quarter 2024 earnings released: EPS: RM0.027 (vs RM0.015 loss in 2Q 2023) Second quarter 2024 results: EPS: RM0.027 (up from RM0.015 loss in 2Q 2023). Revenue: RM111.6m (up 32% from 2Q 2023). Net income: RM14.0m (up RM21.8m from 2Q 2023). Profit margin: 13% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • Feb 22
First quarter 2024 earnings released: EPS: RM0.016 (vs RM0.007 loss in 1Q 2023) First quarter 2024 results: EPS: RM0.016 (up from RM0.007 loss in 1Q 2023). Revenue: RM93.8m (up 13% from 1Q 2023). Net income: RM8.02m (up RM11.7m from 1Q 2023). Profit margin: 8.6% (up from net loss in 1Q 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Reported Earnings • Jan 28
Full year 2023 earnings released: RM0.087 loss per share (vs RM0.018 profit in FY 2022) Full year 2023 results: RM0.087 loss per share (down from RM0.018 profit in FY 2022). Revenue: RM345.3m (up 3.3% from FY 2022). Net loss: RM45.0m (down RM54.4m from profit in FY 2022). 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 29% per year, which means it has not declined as severely as earnings. Announcement • Jan 24
Notion VTec Berhad, Annual General Meeting, Mar 01, 2024 Notion VTec Berhad, Annual General Meeting, Mar 01, 2024, at 09:30 Singapore Standard Time. Location: Tricor Business Centre, Manuka 2 & 3 Meeting Room, Unit 29-01, Level 29, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur Kuala Lumpur Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 30 September 2023 together with the Reports of the Directors and Auditors thereon; . To re-elect the following Directors who are retiring in accordance with Clause 95 of the Constitution of the Company. Announcement • Nov 30
Notion Vtec Berhad Reports Impairment Results for the Quarter Ended September 30, 2023 Notion VTec Berhad reported impairment results for the quarter ended September 30, 2023. for the quarter, the company reported Impairment loss on property, plant and equipment of MYR 30,696,000 against MYR 2,785,000 a year ago. Reported Earnings • Nov 29
Full year 2023 earnings released: RM0.088 loss per share (vs RM0.018 profit in FY 2022) Full year 2023 results: RM0.088 loss per share (down from RM0.018 profit in FY 2022). Revenue: RM351.1m (up 5.1% from FY 2022). Net loss: RM45.6m (down RM55.0m from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 34% per year whereas the company’s share price has fallen by 32% per year. New Risk • Aug 17
New major risk - Revenue and earnings growth Earnings have declined by 54% 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 54% per year over the past 5 years. Minor Risk Market cap is less than US$100m (RM157.3m market cap, or US$34.0m). Reported Earnings • Aug 17
Third quarter 2023 earnings released: EPS: RM0.004 (vs RM0.003 in 3Q 2022) Third quarter 2023 results: EPS: RM0.004 (up from RM0.003 in 3Q 2022). Revenue: RM83.2m (up 2.3% from 3Q 2022). Net income: RM1.82m (up 4.1% from 3Q 2022). Profit margin: 2.2% (in line with 3Q 2022). 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 42% per year, which means it is significantly lagging earnings. Announcement • Jun 24
Notion Vtec Berhad Appoints Florian, Louis, Raymond Gineste as Chief Operating Officer Notion VTec Berhad appointed FLORIAN, LOUIS, RAYMOND GINESTE as Chief Operating Officer. Age is 34. Date of change is 23 June 2023. Masters done in Engineering Sciences in University of Poitiers. Degree done on Engineering from cole Nationale Sup-rieure de M-canique et d'A-rotechnique (ENSMA) 2014 - 2016. Company: Safran S.A. Position Held: Research and Development Engineer 2017 - 2018 Company: Peugeot S.A. Position Held: Engine Component Design and Product Engineer 2018 - 2020. Company: BorgWarner Inc. Position Held: Product Line Purchasing Leader 2021 - 2022. Company: Windeco S.A. Position Held: Global Sales Engineering Manager 2022 - 2022. Company: TPG Industry Position Held: Chief Executive Officer. 2022 - PresentCompany: Notion Venture Sdn Bhd Position Held: Key Account Manager. Reported Earnings • May 21
Second quarter 2023 earnings released: RM0.015 loss per share (vs RM0.002 loss in 2Q 2022) Second quarter 2023 results: RM0.015 loss per share (further deteriorated from RM0.002 loss in 2Q 2022). Revenue: RM84.7m (up 8.9% from 2Q 2022). Net loss: RM7.77m (loss widened RM6.51m from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 39% 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 • May 20
Notion VTec Berhad Announces Resignation of Evelyn Tan Li Yi as Joint Secretary Notion VTec Berhad announced resignation of Evelyn Tan Li Yi as Joint Secretary. Date of change is 19 May 2023. Reported Earnings • Feb 01
Full year 2022 earnings released: EPS: RM0.018 (vs RM0.015 loss in FY 2021) Full year 2022 results: EPS: RM0.018 (up from RM0.015 loss in FY 2021). Revenue: RM334.1m (down 5.3% from FY 2021). Net income: RM9.38m (up RM17.2m from FY 2021). Profit margin: 2.8% (up from net loss in FY 2021). 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 64 percentage points per year, which is a significant difference in performance. Announcement • Jan 28
Notion VTec Berhad, Annual General Meeting, Mar 02, 2023 Notion VTec Berhad, Annual General Meeting, Mar 02, 2023, at 09:30 Singapore Standard Time. Location: Tricor Business Centre, Manuka 2 & 3 Meeting Room, Unit 29-01, Level 29, Tower A Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi Kuala Lumpur Malaysia Agenda: To receive the audited financial statements for the financial year ended 30 September 2022 together with the reports of the Directors and Auditors thereon; to re-elect Mr Thoo Chow Fah who is retiring in accordance with Clause 95 of the Constitution of the company; to re-elect Mr Choo Wing Hong who is retiring in accordance with Clause 95 of the Constitution of the company; to re-elect Mr Lee Tian Yoke who is retiring in accordance with Clause 95 of the Constitution of the company; to re-appoint Crowe Malaysia PLT as Auditors of the company and to authorise the Directors to fix their remuneration; to approve the proposed authority to allot and issue shares pursuant to Section 76 of the Companies Act 2016; to approve an ex-gratia payment to Ms Anita Chew Cheng Im; and to consider other matters. Announcement • Jan 20
Notion VTec Berhad Announces the Resignation of Anita Chew Cheng Im as Independent and Non Executive Member of Audit Committee Notion VTec Berhad announced the resignation of Miss. Anita Chew Cheng Im as Independent and Non Executive Member of Audit Committee. Date of change is 20 January 2023. Age: 56. Composition of Audit Committee (Name and Directorate of members after change): Chairperson- Ms. Teh Su-Ching (Independent Non-Executive Director); Member- Dato' Abu Bakar Bin Mohd Nor (Independent Non-Executive Director). Reported Earnings • Nov 26
Full year 2022 earnings released: EPS: RM0.017 (vs RM0.015 loss in FY 2021) Full year 2022 results: EPS: RM0.017 (up from RM0.015 loss in FY 2021). Revenue: RM336.5m (down 4.7% from FY 2021). Net income: RM8.74m (up RM16.5m from FY 2021). Profit margin: 2.6% (up from net loss in FY 2021). 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 70 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non Executive Director Su-Ching Teh was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 20
Third quarter 2022 earnings released: EPS: RM0.003 (vs RM0.022 loss in 3Q 2021) Third quarter 2022 results: EPS: RM0.003 (up from RM0.022 loss in 3Q 2021). Revenue: RM81.3m (down 8.8% from 3Q 2021). Net income: RM1.75m (up RM13.1m from 3Q 2021). Profit margin: 2.2% (up from net loss in 3Q 2021). 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 115 percentage points per year, which is a significant difference in performance. Reported Earnings • May 28
Second quarter 2022 earnings released: RM0.002 loss per share (vs RM0.006 profit in 2Q 2021) Second quarter 2022 results: RM0.002 loss per share (down from RM0.006 profit in 2Q 2021). Revenue: RM77.8m (down 8.1% from 2Q 2021). Net loss: RM1.25m (down 140% from profit in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 111 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non Executive Director Su-Ching Teh was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Feb 24
Notion VTec Berhad Appoints Evelyn Tan Li Yi as Joint Secretary Notion VTec Berhad appointed Evelyn Tan Li Yi as Joint Secretary. Date Of Change is 23 Feb. 2022. Announcement • Jan 30
Notion VTec Berhad, Annual General Meeting, Mar 03, 2022 Notion VTec Berhad, Annual General Meeting, Mar 03, 2022, at 09:30 China Standard Time. Location: Tricor Business Centre, Manuka 2 & 3 Meeting Room, Unit 29-01, Level 29, Tower A Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi Kuala Lumpur Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 30 September 2021 together with the Reports of the Directors and Auditors thereon; to reelect directors; to approve the payment of Directors' Fees and benefits payable to the Directors of the Company from 3 March 2022 until the conclusion of the next AGM of the Company; to re-appoint Crowe Malaysia PLT as auditors of the Company; to approve Anita Chew Cheng Im to continue in office as an Independent Non-Executive Director; to approve the proposed amendments to the Constitution of the Company; to approve the proposed authority to allot and issue shares pursuant to Section 76 of the Companies Act 2016; and to transact any other business that may be transacted at the 18th AGM of which due notice shall have been given in accordance with the Act and the Constitution of the Company. Reported Earnings • Jan 30
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: RM0.015 loss per share (down from RM0.013 profit in FY 2020). Revenue: RM352.9m (up 45% from FY 2020). Net loss: RM7.81m (down 224% from profit in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Reported Earnings • Dec 01
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: RM0.015 loss per share (down from RM0.013 profit in FY 2020). Revenue: RM353.4m (up 46% from FY 2020). Net loss: RM7.76m (down 223% from profit in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 30
Third quarter 2021 earnings released: RM0.022 loss per share (vs RM0.021 loss in 3Q 2020) The company reported a solid third quarter result with improved revenues and control over costs, although losses increased. Third quarter 2021 results: Revenue: RM89.2m (up 123% from 3Q 2020). Net loss: RM11.3m (loss widened 4.3% from 3Q 2020). 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. Reported Earnings • Jul 02
Second quarter 2021 earnings released: EPS RM0.006 (vs RM0.007 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RM84.6m (up 36% from 2Q 2020). Net income: RM3.16m (up RM6.91m from 2Q 2020). Profit margin: 3.7% (up from net loss in 2Q 2020). 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 15% per year, which means it is well ahead of earnings. Executive Departure • May 12
Independent Non-Executive Director has left the company On the 4th of May, Tat Saw's tenure as Independent Non-Executive Director ended after 16.2 years in the role. As of December 2020, Tat personally held 450.00k shares (RM367k worth at the time). Tat is the only executive to leave the company over the last 12 months. Reported Earnings • Mar 16
First quarter 2021 earnings released: EPS RM0.006 (vs RM0.028 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: RM65.3m (down 7.1% from 1Q 2020). Net income: RM3.03m (down 79% from 1Q 2020). Profit margin: 4.6% (down from 20% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Reported Earnings • Jan 31
Full year 2020 earnings released: EPS RM0.012 (vs RM0.015 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: RM242.3m (up 1.9% from FY 2019). Net income: RM6.29m (down 17% from FY 2019). Profit margin: 2.6% (down from 3.2% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 30
Notion VTec Berhad, Annual General Meeting, Mar 03, 2021 Notion VTec Berhad, Annual General Meeting, Mar 03, 2021, at 09:30 Singapore Standard Time. Agenda: To receive the Audited Financial Statements for the financial year ended 30 September 2020 together with the Reports of the Directors and Auditors thereon; to approve the payment of Directors' Fees of up to RM 300,000 (2019: MYR 300,000) and benefits payable to the Directors of the Company of up to MYR 50,000 (2019: MYR 50,000) from 3 March 2021 until the conclusion of the next AGM of the Company; and to consider other matters. Is New 90 Day High Low • Dec 21
New 90-day low: RM0.86 The company is down 25% from its price of RM1.14 on 22 September 2020. The Malaysian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 20% over the same period. 
