Announcement • Apr 29
Epicon Berhad, Annual General Meeting, Jun 23, 2026 Epicon Berhad, Annual General Meeting, Jun 23, 2026, at 10:00 Singapore Standard Time. Location: greens iii, sports wing, tropicana golf & country resort, jalan kelab tropicana, 47410 petaling jaya, selangor darul ehsan, Malaysia New Risk • Mar 02
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 Interest payments are not well covered by earnings (2.6x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (32% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (2.2% net profit margin). Market cap is less than US$100m (RM84.7m market cap, or US$21.6m). Reported Earnings • Feb 28
Full year 2025 earnings released: EPS: RM0.007 (vs RM0.016 in FY 2024) Full year 2025 results: EPS: RM0.007 (down from RM0.016 in FY 2024). Revenue: RM179.2m (down 3.3% from FY 2024). Net income: RM4.00m (down 57% from FY 2024). Profit margin: 2.2% (down from 5.0% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 20
Third quarter 2025 earnings released: EPS: RM0.002 (vs RM0.004 in 3Q 2024) Third quarter 2025 results: EPS: RM0.002 (down from RM0.004 in 3Q 2024). Revenue: RM45.0m (up 8.8% from 3Q 2024). Net income: RM1.10m (down 56% from 3Q 2024). Profit margin: 2.5% (down from 6.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. New Risk • Oct 01
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 8.7% 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: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (32% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (RM94.1m market cap, or US$22.4m). Reported Earnings • Aug 21
Second quarter 2025 earnings released: EPS: RM0.003 (vs RM0.004 in 2Q 2024) Second quarter 2025 results: EPS: RM0.003 (down from RM0.004 in 2Q 2024). Revenue: RM53.2m (up 11% from 2Q 2024). Net income: RM1.47m (down 42% from 2Q 2024). Profit margin: 2.8% (down from 5.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • May 23
First quarter 2025 earnings released: EPS: RM0.002 (vs RM0.006 in 1Q 2024) First quarter 2025 results: EPS: RM0.002 (down from RM0.006 in 1Q 2024). Revenue: RM39.9m (down 29% from 1Q 2024). Net income: RM1.41m (down 61% from 1Q 2024). Profit margin: 3.5% (down from 6.4% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year and the company’s share price has also increased by 1% per year. Announcement • Apr 29
Epicon Berhad, Annual General Meeting, Jun 18, 2025 Epicon Berhad, Annual General Meeting, Jun 18, 2025, at 10:00 Singapore Standard Time. Location: ballroom v, main wing, tropicana golf & country re, jalan kelab tropicana, 47410 petaling jaya, selangor darul ehsan, Malaysia New Risk • Mar 24
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 7.6% 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 High level of non-cash earnings (105% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (RM134.9m market cap, or US$30.4m). Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: RM0.016 (vs RM0.008 in FY 2023) Full year 2024 results: EPS: RM0.016 (up from RM0.008 in FY 2023). Revenue: RM185.3m (up 23% from FY 2023). Net income: RM9.39m (up 116% from FY 2023). Profit margin: 5.1% (up from 2.9% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Feb 06
Epicon Berhad (KLSE:EPICON) completed the acquisition of 70% stake in Concrete Empire Sdn. Bhd. from Fong Chai Hoong, Wong Hon Pun, Wong Soo Loong and Chin Chin Fatt. Epicon Berhad (KLSE:EPICON) agreed to acquire 70% stake in Concrete Empire Sdn. Bhd. from Fong Chai Hoong, Wong Hon Pun, Wong Soo Loong and Chin Chin Fatt for MYR 24.5 million on September 27, 2024. A cash consideration of MYR 14.7 million will be paid by Epicon Berhad. The consideration consists of 32.67 million common equity of Epicon Berhad having a value of MYR 9.8 million to be issued for common equity of Concrete Empire Sdn. Bhd. As part of consideration, MYR 24.5 million is paid towards common equity of Concrete Empire Sdn. Bhd.
For the period ending December 31, 2023, Concrete Empire Sdn. Bhd. reported total revenue of MYR 39.1 million and net income of MYR 3.88 million. The transaction is subject to approval by regulatory board / committee and approval of offer by acquirer shareholders. As of December 30, 2024, the transaction has been approved by shareholders of Epicon Berhad. As of January 20, 2025, the transaction has become unconditional, and is expected to close within 30 days.
AmInvestment Bank Berhad acted as financial advisor for Epicon Berhad.
Epicon Berhad (KLSE:EPICON) completed the acquisition of 70% stake in Concrete Empire Sdn. Bhd. from Fong Chai Hoong, Wong Hon Pun, Wong Soo Loong and Chin Chin Fatt on February 5, 2025. Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: RM0.004 (vs RM0.006 in 2Q 2023) Second quarter 2024 results: EPS: RM0.004 (down from RM0.006 in 2Q 2023). Revenue: RM48.0m (up 54% from 2Q 2023). Net income: RM2.53m (down 2.4% from 2Q 2023). Profit margin: 5.3% (down from 8.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • May 01
Epicon Berhad, Annual General Meeting, Jun 20, 2024 Epicon Berhad, Annual General Meeting, Jun 20, 2024, at 14:30 Singapore Standard Time. Location: Greens III, Sports Wing, Tropicana Golf & Country Resort, Jalan Kelab Tropicana, 47410 Petaling Jaya Selangor, Darul Ehsan Selangor Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31 December 2023 together with the reports of the Directors and Auditors thereon; to re-elect the Directors who retire pursuant to Clause 95 of the Company's Constitution; to re-appoint Moore Stephens Associates PLT as Auditors of the Company until the conclusion of the next AGM of the Company and to authorise the Directors to fix their remuneration; and to consider other matters. Reported Earnings • Feb 24
Full year 2023 earnings released: EPS: RM0.14 (vs RM0.024 loss in FY 2022) Full year 2023 results: EPS: RM0.14 (up from RM0.024 loss in FY 2022). Revenue: RM150.2m (up 56% from FY 2022). Net income: RM74.4m (up RM85.7m from FY 2022). Profit margin: 50% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. New Risk • Dec 07
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 6.7% 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 (6.7% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (RM187.4m market cap, or US$40.1m). Reported Earnings • Nov 24
Third quarter 2023 earnings released: EPS: RM0.12 (vs RM0.002 loss in 3Q 2022) Third quarter 2023 results: EPS: RM0.12 (up from RM0.002 loss in 3Q 2022). Revenue: RM38.9m (up 76% from 3Q 2022). Net income: RM65.1m (up RM66.1m from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: RM0.005 (vs RM0.026 loss in 2Q 2022) Second quarter 2023 results: EPS: RM0.005 (up from RM0.026 loss in 2Q 2022). Revenue: RM39.4m (up 96% from 2Q 2022). Net income: RM2.45m (up RM14.6m from 2Q 2022). Profit margin: 6.2% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. New Risk • Aug 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Negative equity (-RM48m). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (RM121.9m market cap, or US$26.2m). Announcement • Aug 24
Epicon Berhad has completed a Follow-on Equity Offering in the amount of MYR 20 million. Epicon Berhad has completed a Follow-on Equity Offering in the amount of MYR 20 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 125,000,000
Price\Range: MYR 0.16
Transaction Features: Subsequent Direct Listing Board Change • Jun 10
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chairman of the Board Ahmed Bin Abdullah is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 02
First quarter 2023 earnings released: EPS: RM0.004 (vs RM0.001 in 1Q 2022) First quarter 2023 results: EPS: RM0.004 (up from RM0.001 in 1Q 2022). Revenue: RM29.2m (up 75% from 1Q 2022). Net income: RM1.75m (up 443% from 1Q 2022). Profit margin: 6.0% (up from 1.9% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 83% per year, which means it is significantly lagging earnings growth. Announcement • May 31
Konsortium Transnasional Berhad Announces Retirement of Datuk Sulaiman Bin Daud as Independent and Non Executive Chairman Konsortium Transnasional Berhad announced retirement of DATUK SULAIMAN BIN DAUD as Independent and Non Executive Chairman. Date of change is May 30, 2023. Age is 77. Announcement • May 11
Konsortium Transnasional Berhad Appoints Loo Hui Yan as Joint Secretary Konsortium Transnasional Berhad appointed Loo Hui Yan as Joint Secretary, effective 10 May 2023. Reported Earnings • Feb 25
Full year 2022 earnings released: RM0.024 loss per share (vs RM0.013 loss in FY 2021) Full year 2022 results: RM0.024 loss per share (further deteriorated from RM0.013 loss in FY 2021). Revenue: RM96.1m (up 254% from FY 2021). Net loss: RM11.3m (loss widened 114% from FY 2021). Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Announcement • Dec 03
Konsortium Transnasional Berhad Appoints Koong Wai Seng as Independent and Non-Executive Member of Audit Committee Konsortium Transnasional Berhad announced appointment of Mr. Koong Wai Seng as independent and non-executive member of audit committee. Date of change is 1 December 2022. Age: 55; Composition of Audit Committee (Name and Directorate of members after change): Chairman, Ahmed Azhar Bin Abdullah (Independent Non-Executive Director); Members: Muhammad Adib Bin Ariffin (Independent Non-Executive Director); Koong Wai Seng (Independent Non-Executive Director). Reported Earnings • Nov 25
Third quarter 2022 earnings released: RM0.002 loss per share (vs RM0.005 profit in 3Q 2021) Third quarter 2022 results: RM0.002 loss per share (down from RM0.005 profit in 3Q 2021). Revenue: RM22.1m (up 305% from 3Q 2021). Net loss: RM968.0k (down 152% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 26
Second quarter 2022 earnings released: RM0.026 loss per share (vs RM0.011 loss in 2Q 2021) Second quarter 2022 results: RM0.026 loss per share (down from RM0.011 loss in 2Q 2021). Revenue: RM20.1m (up RM17.1m from 2Q 2021). Net loss: RM12.1m (loss widened 168% from 2Q 2021). 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 26% per year, which means it is significantly lagging earnings growth. Announcement • Jul 02
Konsortium Transnasional Berhad Appoints CLEMENT VALENTINE TOH SHU YEN as Group Chief Executive Officer Konsortium Transnasional Berhad appointed CLEMENT VALENTINE TOH SHU YEN as Group Chief Executive Officer. Age: 46. Date of change: 1 July 2022. Nationality: Malaysia. Qualifications: Masters Accountancy, Royal Melbourne Institutes of Technology, Australia; Masters Finance, Royal Melbourne Institutes of Technology, Australia; Degree Commerce, The University of Melbourne. Mr. Clement Toh brings with him over 23 years of experience in corporate finance, investment and merchant banking across various industries, including property development, food and beverages, manufacturing, fast-moving consumer goods, financial services and consultancy firms. He is highly experienced in initial public offerings, mergers and acquisitions, restructuring, corporate strategy and planning, business development, as well as execution of fiscal and operational strategies. He began his career in 1999 as an Associate Consultant in Pricewaterhouse Coopers Consulting Sdn Bhd. In 2002, he joined Southern Investment Bank Berhad's ("SIBB") Corporate Finance /Investment Banking Division. He was subsequently promoted to Assistant Manager in 2004 and resigned from SIBB in 2005. He then co-founded Protégé Associates (M) Sdn Bhd, a corporate advisory and independent market researcher and business advisory firm in 2005 which he subsequently divested in 2007 to pursue his personal interest. Since then, he has held senior management positions in several listed companies such as Power Root Berhad, Tropicana Corporation Berhad and Sunsuria Berhad. He also owned a franchised desserts chain store in Singapore and Australia which was divested in 2015. His last engagement prior to joining Konsortium Transnasional Berhad was with Lagenda Properties Berhad as General Manager which he held since 2018. Reported Earnings • May 27
First quarter 2022 earnings released: EPS: RM0.001 (vs RM0.012 loss in 1Q 2021) First quarter 2022 results: EPS: RM0.001 (up from RM0.012 loss in 1Q 2021). Revenue: RM16.7m (up 456% from 1Q 2021). Net income: RM322.0k (up RM5.26m from 1Q 2021). Profit margin: 1.9% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • Jan 12
Konsortium Transnasional Berhad Announces Change of Correspondence Address Konsortium Transnasional Berhad announced change of correspondence address. Old address No. 31, Jalan Bukit Angkat, Kawasan Perusahaan Bukit Angkat, 43000 Kajang, Selangor Darul Ehsan 43000 Kajang Selangor Malaysia. New address No. 38, Jalan Chow Kit, 50350 Kuala Lumpur 50350 Kuala Lumpur Wilayah Persekutuan Malaysia. Reported Earnings • Nov 26
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: RM0.005 (down from RM0.039 in 3Q 2020). Revenue: RM5.46m (up 50% from 3Q 2020). Net income: RM1.85m (down 88% from 3Q 2020). Profit margin: 34% (down from 430% in 3Q 2020). The decrease in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 29
Second quarter 2021 earnings released: RM0.011 loss per share (vs RM0.034 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: RM3.03m (up 154% from 2Q 2020). Net loss: RM4.52m (loss narrowed 67% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Reported Earnings • Jun 05
First quarter 2021 earnings released: RM0.012 loss per share (vs RM0.03 loss in 1Q 2020) The company reported a soft first quarter result with weaker revenues and control over costs, although losses reduced. First quarter 2021 results: Revenue: RM3.00m (down 86% from 1Q 2020). Net loss: RM4.94m (loss narrowed 59% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Dec 01
Third quarter 2020 earnings released: EPS RM0.039 Third quarter 2020 results: Revenue: RM3.64m (down 88% from 3Q 2019). Net income: RM15.6m (up RM23.2m from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 64% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Nov 26
New 90-day high: RM0.24 The company is up 55% from its price of RM0.15 on 28 August 2020. The Malaysian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is up 28% over the same period. 