Announcement • May 30
Detik Ria Sdn. Bhd. completed the acquisition of 2.59% stake in REDtone Digital Berhad (KLSE:REDTONE) from Juara Sejati Sdn. Bhd. for MYR 7.2 million. Detik Ria Sdn. Bhd. acquired 2.59% stake in REDtone Digital Berhad (KLSE:REDTONE) from Juara Sejati Sdn. Bhd. for MYR 7.2 million on May 28, 2026. A cash consideration of MYR 7.2 million valued at MYR 0.36 per share will be paid by Detik Ria Sdn. Bhd. As part of consideration, MYR 7.2 million is paid towards common equity of REDtone Digital Berhad.
Detik Ria Sdn. Bhd. completed the acquisition of 2.59% stake in REDtone Digital Berhad (KLSE:REDTONE) from Juara Sejati Sdn. Bhd. for MYR 7.2 million on May 28, 2026. Reported Earnings • May 22
Third quarter 2026 earnings released: EPS: RM0.004 (vs RM0.02 in 3Q 2025) Third quarter 2026 results: EPS: RM0.004 (down from RM0.02 in 3Q 2025). Revenue: RM52.3m (down 21% from 3Q 2025). Net income: RM2.85m (down 81% from 3Q 2025). Profit margin: 5.4% (down from 23% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 32% 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. Reported Earnings • Feb 14
Second quarter 2026 earnings released: EPS: RM0.004 (vs RM0.01 in 2Q 2025) Second quarter 2026 results: EPS: RM0.004 (down from RM0.01 in 2Q 2025). Revenue: RM42.6m (down 43% from 2Q 2025). Net income: RM3.35m (down 57% from 2Q 2025). Profit margin: 7.9% (down from 10% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 25
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: RM0.034 (down from RM0.077 in FY 2024). Revenue: RM324.9m (down 5.0% from FY 2024). Net income: RM26.6m (down 56% from FY 2024). Profit margin: 8.2% (down from 18% in FY 2024). Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) also missed analyst estimates by 37%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Telecom industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 3% per year and the company’s share price has also increased by 3% per year. Announcement • Oct 21
REDtone Digital Berhad, Annual General Meeting, Dec 02, 2025 REDtone Digital Berhad, Annual General Meeting, Dec 02, 2025, at 10:00 Singapore Standard Time. Location: perdana ballroom, bukit jalil golf & country resort, jalan jalil perkasa 3, bukit jalil, 57000 kuala lumpur, wilayah persekutuan, Malaysia Announcement • Sep 26
REDtone Digital Berhad and GPTBots Partner to Bring Enterprise AI Solutions to Smart City Expo Kuala Lumpur 2025 REDtone Digital Berhad partnered with GPTBots to showcase next-generation AI-powered business solutions at the first-ever Smart City Expo Kuala Lumpur (SCEKL) 2025, held from September 17th to 19th. At the expo, REDtone and GPTBots jointly demonstrated how enterprise AI agents can accelerate digital transformation for Malaysian organizations. The solutions presented included multilingual customer service automation, sales enablement, and data analytics--enabling businesses to deliver smarter, more efficient, and accessible services to citizens and customers. This partnership combines REDtone's local expertise and market reach with GPTBots' advanced AI agent platform, supporting Malaysia's vision of building smarter, more connected, and future-ready cities. Upcoming Dividend • Sep 17
Upcoming dividend of RM0.02 per share Eligible shareholders must have bought the stock before 24 September 2025. Payment date: 16 October 2025. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Malaysian dividend payers (5.6%). Lower than average of industry peers (5.1%). Declared Dividend • Aug 23
Dividend of RM0.02 announced Shareholders will receive a dividend of RM0.02. Ex-date: 24th September 2025 Payment date: 16th October 2025 Dividend yield will be 4.0%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 6.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 98% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 22
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: RM0.034 (down from RM0.077 in FY 2024). Revenue: RM324.6m (down 5.1% from FY 2024). Net income: RM26.3m (down 56% from FY 2024). Profit margin: 8.1% (down from 18% in FY 2024). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) also missed analyst estimates by 37%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Telecom industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 5% per year. New Risk • May 30
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: RM413.5m (US$97.2m) 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 High level of non-cash earnings (22% accrual ratio). Minor Risks Dividend is not well covered by cash flows (174% cash payout ratio). Market cap is less than US$100m (RM413.5m market cap, or US$97.2m). Buy Or Sell Opportunity • May 30
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.1% to RM0.54. The fair value is estimated to be RM0.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to decline by 14% in the next 2 years. Reported Earnings • May 23
Third quarter 2025 earnings released: EPS: RM0.02 (vs RM0.019 in 3Q 2024) Third quarter 2025 results: EPS: RM0.02 (up from RM0.019 in 3Q 2024). Revenue: RM66.6m (down 34% from 3Q 2024). Net income: RM15.1m (up 5.5% from 3Q 2024). Profit margin: 23% (up from 14% in 3Q 2024). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 12% per year. New Risk • Feb 21
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: RM440.6m (US$99.7m) 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 High level of non-cash earnings (42% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (RM440.6m market cap, or US$99.7m). Reported Earnings • Feb 21
Second quarter 2025 earnings released: EPS: RM0.01 (vs RM0.015 in 2Q 2024) Second quarter 2025 results: EPS: RM0.01 (down from RM0.015 in 2Q 2024). Revenue: RM74.8m (down 17% from 2Q 2024). Net income: RM7.80m (down 33% from 2Q 2024). Profit margin: 10% (down from 13% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jan 10
Now 22% overvalued Over the last 90 days, the stock has fallen 13% to RM0.82. The fair value is estimated to be RM0.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 18%. Reported Earnings • Nov 28
First quarter 2025 earnings released: EPS: RM0.014 (vs RM0.004 in 1Q 2024) First quarter 2025 results: EPS: RM0.014 (up from RM0.004 in 1Q 2024). Revenue: RM100.3m (up 82% from 1Q 2024). Net income: RM11.0m (up 305% from 1Q 2024). Profit margin: 11% (up from 4.9% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 25
Full year 2024 earnings released: EPS: RM0.077 (vs RM0.074 in FY 2023) Full year 2024 results: EPS: RM0.077 (up from RM0.074 in FY 2023). Revenue: RM342.2m (up 59% from FY 2023). Net income: RM59.8m (up 4.1% from FY 2023). Profit margin: 18% (down from 27% in FY 2023). Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 15% per year. Announcement • Oct 22
REDtone Digital Berhad, Annual General Meeting, Dec 03, 2024 REDtone Digital Berhad, Annual General Meeting, Dec 03, 2024, at 10:00 Singapore Standard Time. Location: manhattan v, level 14, berjaya times square hotel kuala lumpur, no. 1, jalan imbi, wilayah persekutuan, 55100 kuala lumpur Malaysia Upcoming Dividend • Sep 19
Upcoming dividend of RM0.03 per share Eligible shareholders must have bought the stock before 26 September 2024. Payment date: 18 October 2024. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Malaysian dividend payers (4.7%). Lower than average of industry peers (4.4%). Declared Dividend • Aug 24
Dividend of RM0.03 announced Shareholders will receive a dividend of RM0.03. Ex-date: 26th September 2024 Payment date: 18th October 2024 Dividend yield will be 3.0%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is covered by earnings (52% 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 increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 23
Full year 2024 earnings released: EPS: RM0.075 (vs RM0.074 in FY 2023) Full year 2024 results: EPS: RM0.075 (up from RM0.074 in FY 2023). Revenue: RM359.7m (up 68% from FY 2023). Net income: RM58.2m (up 1.4% from FY 2023). Profit margin: 16% (down from 27% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 13
REDtone Digital Berhad (KLSE:REDTONE) acquired 5.43% stake in Theta Edge Berhad (KLSE:THETA) for MYR 13.1 million. REDtone Digital Berhad (KLSE:REDTONE) acquired 5.43% stake in Theta Edge Berhad (KLSE:THETA) for MYR 13.1 million on July 10, 2024.REDtone Digital Berhad (KLSE:REDTONE) completed the acquisition of 5.43% stake in Theta Edge Berhad (KLSE:THETA) on July 10, 2024. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to RM1.16, the stock trades at a trailing P/E ratio of 24.1x. Average trailing P/E is 17x in the Telecom industry in Malaysia. Total returns to shareholders of 186% over the past three years. Announcement • Jun 05
REDtone Digital Berhad Announces Appointment ENCIK SYED ALI SHAHUL HAMEED as Non-Independent and Non Executive Deputy Chairman REDtone Digital Berhad announced appointment of ENCIK SYED ALI SHAHUL HAMEED (age: 53) as Non-Independent and Non Executive Deputy Chairman. Date of change is June 04, 2024. Qualifications: Degree: Bachelor of Engineering Institute of Road & Transport Technology, from Bharathiar University at Coimbatore, India. Working experience and occupation include Encik Syed Ali Shahul Hameed ("En. Syed Ali") has over 27 years of experience with Berjaya Corporation Berhad ("BCorp") group of companies where he started his career as an Assistant Engineer at Berjaya Tioman Resort under Berjaya Land Berhad's ("BLand") Group in 1997. En. Syed Ali has outstanding operational and strategic capabilities to take on senior roles in BLand Group from 2003 until today, including the role of Chief Engineer in 2003, Corporate Director of Engineering & Technical Services of Berjaya Hotels & Resorts Division in 2009, and Director of Property Development and Complexes, Property Division in 2019, where he spearheaded landmark projects and developments including the multi-award winning Four Seasons Hotel & Hotel Residences Kyoto in Japan, and The Ritz-Carlton Residences in Kuala Lumpur. En. Syed Ali was appointed as BCorp's Joint Group Chief Executive Officer from 1 April 2022 to 1 March 2023. He sits on the Board of BLand as an Executive Director since 2019 and is currently the Group Chief Executive Officer of BLand. He also sits on the Board of Berjaya Construction Berhad, Berjaya Hartanah Berhad, Berjaya Japan Developments Berhad, Berjaya Yokohama Investment Pte Ltd, Berjaya Vacation Club Berhad, Berjaya Hills Resort Berhad, Bukit Kiara Resort Berhad, Indah Corporation Berhad, KDE Recreation Berhad, Landasan Lumayan Berjaya Sdn Bhd, Staffield Country Resort Berhad, Tioman Island Resort Berhad and several other private limited companies in the BCorp group of companies. Reported Earnings • May 22
Third quarter 2024 earnings released: EPS: RM0.019 (vs RM0.018 in 3Q 2023) Third quarter 2024 results: EPS: RM0.019 (up from RM0.018 in 3Q 2023). Revenue: RM100.1m (up 95% from 3Q 2023). Net income: RM14.3m (up 4.6% from 3Q 2023). Profit margin: 14% (down from 27% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 24
Second quarter 2024 earnings released: EPS: RM0.015 (vs RM0.028 in 2Q 2023) Second quarter 2024 results: EPS: RM0.015 (down from RM0.028 in 2Q 2023). Revenue: RM89.7m (up 67% from 2Q 2023). Net income: RM11.7m (down 45% from 2Q 2023). Profit margin: 13% (down from 40% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 37% per year. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to RM1.10, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 19x in the Telecom industry in Malaysia. Total returns to shareholders of 209% over the past three years. Reported Earnings • Oct 25
Full year 2023 earnings released: EPS: RM0.074 (vs RM0.051 in FY 2022) Full year 2023 results: EPS: RM0.074 (up from RM0.051 in FY 2022). Revenue: RM214.7m (up 36% from FY 2022). Net income: RM57.5m (up 46% from FY 2022). Profit margin: 27% (up from 25% in FY 2022). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Announcement • Oct 21
REDtone Digital Berhad, Annual General Meeting, Dec 04, 2023 REDtone Digital Berhad, Annual General Meeting, Dec 04, 2023, at 10:00 China Standard Time. Agenda: To receive the Audited Financial Statements for the financial year ended 30 June 2023 together with the Reports of the Directors and the Auditors thereon; to consider directorate reelections; to re-appoint Ernst & Young PLT as Auditors of the Company for the ensuing year and to authorize the Board of Directors to fix their remuneration; to consider Authority to Issue Shares pursuant to the Companies Act 2016; and to consider other matters. Upcoming Dividend • Sep 20
Upcoming dividend of RM0.025 per share at 3.7% yield Eligible shareholders must have bought the stock before 27 September 2023. Payment date: 16 October 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Malaysian dividend payers (5.1%). Lower than average of industry peers (4.2%). New Risk • Aug 26
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 46% 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 Risk High level of non-cash earnings (46% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Aug 25
Full year 2023 earnings released: EPS: RM0.079 (vs RM0.051 in FY 2022) Full year 2023 results: EPS: RM0.079 (up from RM0.051 in FY 2022). Revenue: RM217.8m (up 38% from FY 2022). Net income: RM60.8m (up 54% from FY 2022). Profit margin: 28% (up from 25% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 19
Third quarter 2023 earnings released: EPS: RM0.018 (vs RM0.013 in 3Q 2022) Third quarter 2023 results: EPS: RM0.018 (up from RM0.013 in 3Q 2022). Revenue: RM51.3m (up 40% from 3Q 2022). Net income: RM13.7m (up 35% from 3Q 2022). Profit margin: 27% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 22
Second quarter 2023 earnings released: EPS: RM0.028 (vs RM0.014 in 2Q 2022) Second quarter 2023 results: EPS: RM0.028 (up from RM0.014 in 2Q 2022). Revenue: RM53.6m (up 33% from 2Q 2022). Net income: RM21.4m (up 95% from 2Q 2022). Profit margin: 40% (up from 27% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jan 16
Now 21% undervalued Over the last 90 days, the stock is up 3.1%. The fair value is estimated to be RM0.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.7% over the last year. Earnings per share has grown by 58%. Reported Earnings • Nov 19
First quarter 2023 earnings released: EPS: RM0.018 (vs RM0.01 in 1Q 2022) First quarter 2023 results: EPS: RM0.018 (up from RM0.01 in 1Q 2022). Revenue: RM42.1m (up 9.2% from 1Q 2022). Net income: RM14.0m (up 74% from 1Q 2022). Profit margin: 33% (up from 21% in 1Q 2022). The increase in margin was primarily driven by higher revenue. Reported Earnings • Oct 27
Full year 2022 earnings released: EPS: RM0.051 (vs RM0.034 in FY 2021) Full year 2022 results: EPS: RM0.051 (up from RM0.034 in FY 2021). Revenue: RM158.0m (down 9.5% from FY 2021). Net income: RM39.5m (up 50% from FY 2021). Profit margin: 25% (up from 15% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Oct 24
Upcoming dividend of RM0.018 per share Eligible shareholders must have bought the stock before 31 October 2022. Payment date: 22 November 2022. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Malaysian dividend payers (5.3%). Lower than average of industry peers (4.5%). Announcement • Oct 22
REDtone Digital Berhad, Annual General Meeting, Dec 01, 2022 REDtone Digital Berhad, Annual General Meeting, Dec 01, 2022, at 10:00 Singapore Standard Time. Location: Manhattan V, Level 14, Berjaya Times Square Hotel Kuala Lumpur, no. 1, Jalan Manhattan V, Level 14, Berjaya Times Square Hotel Kuala Lumpur, no. 1, Jalan Kaula Lumpur Malaysia Agenda: To Approval of the payment of Directors' fees for an aggregate amount of up to RM1,200,000 payable to the non-Executive Directors of the Company on a monthly basis from 2 December 2022 until the next Annual General Meeting of the Company to be held in year 2023; to approval of the payment of Directors' benefits for an amount of up to RM130,000 payable to the Directors of the Company from 2 December 2022 until the next Annual General Meeting of the Company to be held in year 2023; to re-election of Dato' Mohd Zaini Bin Hassan as a Director of the Company; to re-election of Dato' Avinderjit Singh A/L Harjit Singh as a Director of the Company; to Retention of Dato' Mohd Zaini Bin Hassan as an Independent non-Executive Director of the Company; and to discuss other matters. Announcement • Aug 24
REDtone Digital Berhad Announces Interim Dividend for the Financial Year Ended 30 June 2022, Payable on 22 November 2022 REDtone Digital Berhad announced interim dividend of 1.8 sen per share for the financial year ended 30 June 2022. Ex-Date is 31 October 2022. Payment Date is 22 November 2022. Reported Earnings • Aug 24
Full year 2022 earnings released: EPS: RM0.05 (vs RM0.034 in FY 2021) Full year 2022 results: EPS: RM0.05 (up from RM0.034 in FY 2021). Revenue: RM158.0m (down 9.5% from FY 2021). Net income: RM38.9m (up 48% from FY 2021). Profit margin: 25% (up from 15% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jul 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be RM0.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 36%. Reported Earnings • May 20
Third quarter 2022 earnings released: EPS: RM0.013 (vs RM0.008 in 3Q 2021) Third quarter 2022 results: EPS: RM0.013 (up from RM0.008 in 3Q 2021). Revenue: RM36.7m (down 17% from 3Q 2021). Net income: RM10.1m (up 65% from 3Q 2021). Profit margin: 28% (up from 14% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target decreased to RM0.61 Down from RM0.71, the current price target is provided by 1 analyst. New target price is 42% above last closing price of RM0.43. Stock is down 5.5% over the past year. The company is forecast to post earnings per share of RM0.038 for next year compared to RM0.034 last year. Announcement • Mar 30
REDtone Digital Berhad Announces Resignation of Encik Abdul Jalil Bin Abdul Rasheed as Non Independent and Non Executive Deputy Chairman, Effective March 31, 2022 REDtone Digital Berhad announced resignation of Encik Abdul Jalil Bin Abdul Rasheed as Non Independent and Non Executive Deputy Chairman, to pursue personal interests. Date of change 31 March 2022. Buying Opportunity • Mar 07
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 6.0%. The fair value is estimated to be RM0.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 25% per annum over the last 3 years. Reported Earnings • Feb 17
Second quarter 2022 earnings: Revenues in line with analyst expectations Second quarter 2022 results: Revenue: RM40.4m (flat on 2Q 2021). Net income: RM11.0m (up 54% from 2Q 2021). Profit margin: 27% (up from 18% in 2Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 16%, compared to a 4.0% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • Dec 03
Senior Independent Non-Executive Director Mathew Thomas has left the company On the 1st of December, Mathew Thomas' tenure as Senior Independent Non-Executive Director ended. As of September 2021, Mathew still personally held 615.00k shares (RM314k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 7.50 years. Reported Earnings • Oct 27
Full year 2021 earnings released: EPS RM0.034 (vs RM0.009 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: RM174.7m (down 1.8% from FY 2020). Net income: RM26.3m (up 298% from FY 2020). Profit margin: 15% (up from 3.7% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Oct 22
Upcoming dividend of RM0.018 per share Eligible shareholders must have bought the stock before 29 October 2021. Payment date: 18 November 2021. Trailing yield: 3.3%. Lower than top quartile of Malaysian dividend payers (4.2%). Lower than average of industry peers (3.7%). Reported Earnings • Aug 22
Full year 2021 earnings released: EPS RM0.034 (vs RM0.009 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: RM177.1m (flat on FY 2020). Net income: RM26.0m (up 294% from FY 2020). Profit margin: 15% (up from 3.7% in FY 2020). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year. Reported Earnings • May 22
Third quarter 2021 earnings released: EPS RM0.008 (vs RM0.011 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: RM44.2m (up 12% from 3Q 2020). Net income: RM6.14m (up RM14.4m from 3Q 2020). Profit margin: 14% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Executive Departure • Apr 07
Independent Deputy Chairman Jamil Salleh has left the company On the 31st of March, Jamil Salleh's tenure as Independent Deputy Chairman ended after less than a year in the role. We don't have any record of a personal shareholding under Jamil's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Feb 24
Second quarter 2021 earnings released: EPS RM0.009 (vs RM0.011 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RM40.1m (up 2.0% from 2Q 2020). Net income: RM7.12m (up RM15.4m from 2Q 2020). Profit margin: 18% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year.