Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Mohd. Bin Mastol was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 19
Upcoming dividend of RM0.017 per share Eligible shareholders must have bought the stock before 26 May 2026. Payment date: 26 June 2026. The company is not currently making a profit but it is cash flow positive. Trailing yield: 4.6%. Lower than top quartile of Malaysian dividend payers (5.5%). In line with average of industry peers (4.7%). Reported Earnings • May 09
First quarter 2026 earnings released: RM0.061 loss per share (vs RM0.003 profit in 1Q 2025) First quarter 2026 results: RM0.061 loss per share (down from RM0.003 profit in 1Q 2025). Revenue: RM18.2m (down 15% from 1Q 2025). Net loss: RM52.9m (down RM56.1m from profit in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. New Risk • May 09
New major risk - Revenue and earnings growth Earnings have declined by 33% 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 33% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (RM332.6m market cap, or US$84.8m). Announcement • Apr 29
Maybulk Berhad, Annual General Meeting, Jun 30, 2026 Maybulk Berhad, Annual General Meeting, Jun 30, 2026, at 14:30 Singapore Standard Time. Location: hall 2, ground floor , lobby 1, crystal plaza, no. 4a, jalan 51a/223, 46100 petaling jaya, selangor darul ehsan, Malaysia Reported Earnings • Feb 14
Full year 2025 earnings released: EPS: RM0.021 (vs RM0.004 in FY 2024) Full year 2025 results: EPS: RM0.021 (up from RM0.004 in FY 2024). Revenue: RM87.8m (down 7.1% from FY 2024). Net income: RM18.5m (up 352% from FY 2024). Profit margin: 21% (up from 4.3% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Nov 20
Third quarter 2025 earnings released: EPS: RM0.005 (vs RM0.011 in 3Q 2024) Third quarter 2025 results: EPS: RM0.005 (down from RM0.011 in 3Q 2024). Revenue: RM20.0m (down 27% from 3Q 2024). Net income: RM4.35m (down 61% from 3Q 2024). Profit margin: 22% (down from 41% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 09
Second quarter 2025 earnings released: EPS: RM0.009 (vs RM0.003 loss in 2Q 2024) Second quarter 2025 results: EPS: RM0.009 (up from RM0.003 loss in 2Q 2024). Revenue: RM24.0m (up 44% from 2Q 2024). Net income: RM8.17m (up RM10.9m from 2Q 2024). Profit margin: 34% (up from net loss in 2Q 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Reported Earnings • May 30
First quarter 2025 earnings released: EPS: RM0.003 (vs RM0.002 loss in 1Q 2024) First quarter 2025 results: EPS: RM0.003 (up from RM0.002 loss in 1Q 2024). Revenue: RM21.5m (down 9.3% from 1Q 2024). Net income: RM3.16m (up RM4.98m from 1Q 2024). Profit margin: 15% (up from net loss in 1Q 2024). 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 67 percentage points per year, which is a significant difference in performance. Announcement • Apr 29
Maybulk Berhad, Annual General Meeting, Jun 05, 2025 Maybulk Berhad, Annual General Meeting, Jun 05, 2025, at 14:30 Singapore Standard Time. Location: unit 18.03, block a, menara pj, level 18, persiaran barat, seksyen 52, 46200 petaling jaya, selangor darul ehsan, Malaysia Reported Earnings • Feb 19
Full year 2024 earnings released: EPS: RM0.004 (vs RM0.05 in FY 2023) Full year 2024 results: EPS: RM0.004 (down from RM0.05 in FY 2023). Revenue: RM94.5m (down 26% from FY 2023). Net income: RM4.10m (down 92% from FY 2023). Profit margin: 4.3% (down from 39% in FY 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Dec 02
Upcoming dividend of RM0.016 per share Eligible shareholders must have bought the stock before 09 December 2024. Payment date: 18 December 2024. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 4.9%. Lower than top quartile of Malaysian dividend payers (5.0%). In line with average of industry peers (4.9%). Announcement • Nov 25
Maybulk Berhad Declares First Interim Single-Tier Dividend in Respect of the Financial Year Ending 31 December 2024, Payable on December 18, 2024 Maybulk Berhad declared First Interim Single-Tier Dividend of 1.6 sen per ordinary share in respect of the financial year ending 31 December 2024. Ex-Date is December 9, 2024. Entitlement date is December 10, 2024. Payment Date is December 18, 2024. Reported Earnings • Nov 23
Third quarter 2024 earnings released: EPS: RM0.011 (vs RM0.005 in 3Q 2023) Third quarter 2024 results: EPS: RM0.011 (up from RM0.005 in 3Q 2023). Revenue: RM27.2m (down 18% from 3Q 2023). Net income: RM11.0m (up 121% from 3Q 2023). Profit margin: 41% (up from 15% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 24
Second quarter 2024 earnings released: RM0.003 loss per share (vs RM0.002 loss in 2Q 2023) Second quarter 2024 results: RM0.003 loss per share (further deteriorated from RM0.002 loss in 2Q 2023). Revenue: RM16.7m (down 49% from 2Q 2023). Net loss: RM2.75m (loss widened 80% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. New Risk • Jul 09
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 65% 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 (65% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (36% net profit margin). Market cap is less than US$100m (RM320.0m market cap, or US$67.9m). Reported Earnings • May 25
First quarter 2024 earnings released: RM0.002 loss per share (vs RM0.005 profit in 1Q 2023) First quarter 2024 results: RM0.002 loss per share (down from RM0.005 profit in 1Q 2023). Revenue: RM23.7m (down 33% from 1Q 2023). Net loss: RM1.81m (down 134% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Announcement • May 01
Maybulk Berhad, Annual General Meeting, Jun 26, 2024 Maybulk Berhad, Annual General Meeting, Jun 26, 2024, at 10:00 Singapore Standard Time. Location: BO1-A-09-1, Menara 2 KL Eco City, 3 Jalan Bangsar 59200, Kuala Lumpur Malaysia Kaula Lumpur Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31 December 2023 together with the reports of the Directors and the Auditors thereon; To approve payment of Directors' fees of RM283,316 for the financial year ended 31 December 2023; To approve payment of meeting allowances to the Directors up to an amount of RM100,000 for the period from 1 July 2024 to 30 June 2025. Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: RM0.05 (vs RM0.093 in FY 2022) Full year 2023 results: EPS: RM0.05 (down from RM0.093 in FY 2022). Revenue: RM128.2m (down 17% from FY 2022). Net income: RM49.6m (down 47% from FY 2022). Profit margin: 39% (down from 60% in FY 2022). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. New Risk • Feb 22
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% 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 (25% accrual ratio). Minor Risks Dividend is not well covered by cash flows (331% cash payout ratio). Profit margins are more than 30% lower than last year (39% net profit margin). Market cap is less than US$100m (RM320.0m market cap, or US$66.8m). Reported Earnings • Dec 01
Third quarter 2023 earnings released: EPS: RM0.005 (vs RM0.012 in 3Q 2022) Third quarter 2023 results: EPS: RM0.005 (down from RM0.012 in 3Q 2022). Revenue: RM33.2m (down 13% from 3Q 2022). Net income: RM4.99m (down 59% from 3Q 2022). Profit margin: 15% (down from 32% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 07
Upcoming dividend of RM0.015 per share at 9.2% yield Eligible shareholders must have bought the stock before 14 November 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 55% but the company is paying out more than the cash it is generating. Trailing yield: 9.2%. Within top quartile of Malaysian dividend payers (5.1%). Higher than average of industry peers (4.6%). Announcement • Oct 31
Malaysian Bulk Carriers Berhad Announces First Interim Single-Tier Dividend for the Financial Year Ending 31 December 2023, Payable on 4 December 2023 The Board of Directors of Malaysian Bulk Carriers Berhad announced the declaration of the First Interim Single-Tier Dividend of 1.5 sen per ordinary share in respect of the financial year ending 31 December 2023. The entitlement date of the Dividend has been fixed on 15 November 2023 and is payable on 4 December 2023. Reported Earnings • Aug 30
Second quarter 2023 earnings released: RM0.001 loss per share (vs RM0.061 profit in 2Q 2022) Second quarter 2023 results: RM0.001 loss per share (down from RM0.061 profit in 2Q 2022). Revenue: RM33.0m (down 17% from 2Q 2022). Net loss: RM1.53m (down 102% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jun 17
Malaysian Bulk Carriers Berhad appoints Encik Mohd. Arif Bin Mastol as Independent and Non Executive Chairman of Audit Committee Malaysian Bulk Carriers Berhad appointed ENCIK MOHD. ARIF BIN MASTOL, Aged 69, as Independent and Non Executive Chairman of Audit Committee. Date of change is 15 June 2023. Composition of Audit Committee (Name and Directorate of members after change): Chairman - Encik Mohd. Arif bin Mastol (Independent Non-Executive Director), Member - Madam Elsie Kok, Yin Mei (Independent Non-Executive Director), and Member - Mr. Lin Junliang, Troy (Non-Independent Non-Executive Director). Reported Earnings • May 19
First quarter 2023 earnings released: EPS: RM0.005 (vs RM0.008 in 1Q 2022) First quarter 2023 results: EPS: RM0.005 (down from RM0.008 in 1Q 2022). Revenue: RM35.1m (down 10% from 1Q 2022). Net income: RM5.35m (down 37% from 1Q 2022). Profit margin: 15% (down from 22% in 1Q 2022). 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 4% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: RM0.093 (vs RM0.20 in FY 2021) Full year 2022 results: EPS: RM0.093 (down from RM0.20 in FY 2021). Revenue: RM154.8m (down 25% from FY 2021). Net income: RM93.2m (down 52% from FY 2021). Profit margin: 60% (down from 94% in FY 2021). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Feb 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Khoon Yeoh is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 31
Malaysian Bulk Carriers Berhad (KLSE:MAYBULK) acquired EMT Systems Sdn Bhd from Grand East Metal (Kulim) Sdn. Bhd. and Goh Ting Hong for MYR 70 million. Malaysian Bulk Carriers Berhad (KLSE:MAYBULK) entered into an agreement to acquire EMT Systems Sdn Bhd from Grand East Metal (Kulim) Sdn. Bhd. and Goh Ting Hong for MYR 70 million on January 18, 2023. Malaysian Bulk Carriers Berhad will acquire 1 million shares of EMT Systems Sdn Bhd for cash. The Purchase Consideration shall be fully satisfied in cash from the internally generated funds of MBC and its subsidiaries. The transaction is subject to approval from board of directors of EMT Systems. The Acquisition is expected to be completed within 1 month of signing of the agreement. Kenanga Investment Bank Berhad (KLSE:KENANGA) acted as financial advisor to Malaysian Bulk Carriers Berhad.
Malaysian Bulk Carriers Berhad (KLSE:MAYBULK) completed the acqusiition of EMT Systems Sdn Bhd from Grand East Metal (Kulim) Sdn. Bhd. and Goh Ting Hong on January 30, 2023. Announcement • Jan 19
Malaysian Bulk Carriers Berhad (KLSE:MAYBULK) entered into an agreement to acquire EMT Systems Sdn Bhd from Grand East Metal (Kulim) Sdn. Bhd. and Goh Ting Hong for MYR 70 million Malaysian Bulk Carriers Berhad (KLSE:MAYBULK) entered into an agreement to acquire EMT Systems Sdn Bhd from Grand East Metal (Kulim) Sdn. Bhd. and Goh Ting Hong for MYR 70 million on January 18, 2023. Malaysian Bulk Carriers Berhad will acquire 1 million shares of EMT Systems Sdn Bhd for cash. The Purchase Consideration shall be fully satisfied in cash from the internally generated funds of MBC and its subsidiaries. The transaction is subject to approval from board of directors of EMT Systems. The Acquisition is expected to be completed within 1 month of signing of the agreement. Kenanga Investment Bank Berhad (KLSE:KENANGA) acted as financial advisor to Malaysian Bulk Carriers Berhad. Upcoming Dividend • Dec 14
Upcoming dividend of RM0.10 per share Eligible shareholders must have bought the stock before 21 December 2022. Payment date: 05 January 2023. The company last paid an ordinary dividend in May 2012. The average dividend yield among industry peers is 19%. Announcement • Dec 09
Malaysian Bulk Carriers Berhad Announces Interim Single-Tier Special Dividend in Respect of the Financial Year Ending 31 December 2022, Payable on 5 January 2023 Malaysian Bulk Carriers Berhad announced interim Single-Tier Special Dividend of 3.5 sen per ordinary share in respect of the financial year ending 31 December 2022. Ex-Date is 21 December 2022. Payment Date is 5 January 2023. Reported Earnings • Nov 24
Third quarter 2022 earnings released: EPS: RM0.012 (vs RM0.11 in 3Q 2021) Third quarter 2022 results: EPS: RM0.012 (down from RM0.11 in 3Q 2021). Revenue: RM38.2m (down 35% from 3Q 2021). Net income: RM12.3m (down 89% from 3Q 2021). Profit margin: 32% (down from 194% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Board Change • Nov 16
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. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Khoon Yeoh is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: RM0.061 (vs RM0.032 in 2Q 2021) Second quarter 2022 results: EPS: RM0.061 (up from RM0.032 in 2Q 2021). Revenue: RM39.6m (down 26% from 2Q 2021). Net income: RM61.1m (up 91% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Board Change • Aug 01
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Khoon Yeoh is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Jul 02
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. 1 experienced director. No highly experienced directors. Non-Independent Non-Executive Director Soon Lim is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jul 01
Malaysian Bulk Carriers Berhad Announces the Resignation of Hor Weng Yew as Chief Executive Officer Malaysian Bulk Carriers Berhad announced the resignation of Mr. Hor Weng Yew as Chief Executive Officer, date of change is 30 June 2022. Board Change • Jun 08
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Non-Independent Non-Executive Director Soon Lim is the most experienced director on the board, commencing their role in 2015. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 29
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: RM0.008 (down from RM0.015 in 1Q 2021). Revenue: RM39.1m (down 16% from 1Q 2021). Net income: RM8.44m (down 44% from 1Q 2021). Profit margin: 22% (down from 32% in 1Q 2021). Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • May 02
Malaysian Bulk Carriers Berhad, Annual General Meeting, May 30, 2022 Malaysian Bulk Carriers Berhad, Annual General Meeting, May 30, 2022, at 14:00 Singapore Standard Time. Location: Level 12, Menara Symphony, No. 5, Jalan Prof. Khoo Kay Kim Seksyen 13, 46200 Petaling Jaya SELANGOR DARUL EHSAN Malaysia Agenda: To consider receiving the audited financial statements for the financial year ended December 31, 2021 and the reports of the directors and the auditors thereon; to re-elect Mr Hor Weng Yew who retires by rotation in accordance with Article 121 of the company's constitution and who being eligible offer himself for re-election; to re-appoint Messrs Ernst & Young PLT as auditors of the company and to authorise the directors to fix their remuneration; to approve payment of directors' fees of RM516,247 for the financial year ended December 31, 2021; to approve payment of meeting allowances to the directors up to an amount of RM94,000 for the period from July 1, 2022 to June 30, 2023; and to consider other matters. Announcement • Apr 19
Malaysian Bulk Carriers Berhad Appoints Madam Elsie Kok Yin Mei as Member of Audit Committee Malaysian Bulk Carriers Berhad announced appointment of Madam Elsie Kok Yin Mei as member of Audit Committee. Date of change is 18 April, 2022. Reported Earnings • Feb 24
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: RM0.19 (up from RM0.021 loss in FY 2020). Revenue: RM207.0m (up 18% from FY 2020). Net income: RM192.5m (up RM213.3m from FY 2020). Profit margin: 93% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 23
Third quarter 2021 earnings: EPS and revenues exceed analyst expectations Third quarter 2021 results: EPS: RM0.11 (up from RM0.006 loss in 3Q 2020). Revenue: RM58.7m (up 38% from 3Q 2020). Net income: RM113.6m (up RM119.5m from 3Q 2020). Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates. Earnings per share (EPS) surpassed analyst estimates. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS RM0.032 (vs RM0.013 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RM53.6m (up 37% from 2Q 2020). Net income: RM32.1m (up RM44.8m from 2Q 2020). Profit margin: 60% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • Apr 20
Full year 2020 earnings released: RM0.021 loss per share (vs RM0.007 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: RM176.0m (down 32% from FY 2019). Net loss: RM20.8m (loss widened 184% from FY 2019). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Executive Departure • Apr 08
Executive Director has left the company On the 31st of March, Kum Thai's tenure as Executive Director ended after 2.9 years in the role. We don't have any record of a personal shareholding under Kum's name. A total of 5 executives have left over the last 12 months. Reported Earnings • Feb 26
Full year 2020 earnings released: RM0.021 loss per share (vs RM0.007 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: RM176.0m (down 32% from FY 2019). Net loss: RM20.8m (loss widened 184% from FY 2019). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Executive Departure • Feb 17
Non-Independent Non-Executive Director has left the company On the 8th of February, Wan Mohd Bin Che Wan Othman Fadzilah's tenure as Non-Independent Non-Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under Wan Mohd's name. A total of 4 executives have left over the last 12 months. Is New 90 Day High Low • Dec 07
New 90-day high: RM0.62 The company is up 68% from its price of RM0.37 on 08 September 2020. The Malaysian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is down 7.0% over the same period. Reported Earnings • Nov 25
Third quarter 2020 earnings released: RM0.006 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: RM42.7m (down 37% from 3Q 2019). Net loss: RM5.95m (loss widened 360% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 16
New 90-day high: RM0.41 The company is up 3.0% from its price of RM0.40 on 18 August 2020. The Malaysian market is also up 3.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Shipping industry, which is down 8.0% over the same period.