Declared Dividend • May 23
Dividend of RM0.0013 announced Shareholders will receive a dividend of RM0.0013. Ex-date: 31st July 2026 Payment date: 19th August 2026 Dividend yield will be 4.1%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by earnings (24% 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 6.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 22
First quarter 2026 earnings released: EPS: RM0.013 (vs RM0.018 in 1Q 2025) First quarter 2026 results: EPS: RM0.013 (down from RM0.018 in 1Q 2025). Revenue: RM46.4m (down 4.0% from 1Q 2025). Net income: RM15.6m (down 21% from 1Q 2025). Profit margin: 34% (down from 41% in 1Q 2025). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Announcement • Apr 29
Perak Transit Berhad, Annual General Meeting, Jun 25, 2026 Perak Transit Berhad, Annual General Meeting, Jun 25, 2026, at 09:00 Singapore Standard Time. Location: kinta 2 hall, level 1, travelodge ipoh, jalan raja dihilir, 30350 ipoh, perak darul ridzuan, Malaysia Reported Earnings • Feb 26
Full year 2025 earnings released: EPS: RM0.068 (vs RM0.064 in FY 2024) Full year 2025 results: EPS: RM0.068 (up from RM0.064 in FY 2024). Revenue: RM196.2m (up 5.1% from FY 2024). Net income: RM78.6m (up 11% from FY 2024). Profit margin: 40% (up from 38% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Announcement • Jan 23
Perak Transit Berhad Announces Jennifer Chin, CFO of the Group, Redesignates to the Position of Corporate Affairs Manager, Effective 21 January 2025 Perak Transit Berhad announced that Jennifer Chin, aged 38, the CFO of the Group, has been redesignated to the position of Corporate Affairs Manager, effective 21 January 2025. She holds a Bachelor of Science (Hons) in Applied Accounting from Oxford Brookes University, United Kingdom, and is a member of the Association of Chartered Certified Accountants (ACCA). Jennifer Chin Yi Teng ("Jennifer Chin") began her career as an Account Executive with Kin Kun Group Sdn Bhd in April 2010, where she was involved in the preparation of monthly financial statements, budget reviews and schedules for year-end audit exercises for the group and its subsidiaries. In September 2012, Jennifer Chin left Kin Kun Group Sdn Bhd and joined Perak Transit Berhad and its subsidiaries ("Group") as an Account Executive, with responsibilities including the preparation of annual and monthly financial statements, budget reviews, and liaison with the Group's external auditors and tax agents. She was promoted to Administration and Finance Manager in July 2014, where her scope expanded to include financial analysis and reporting, review of financial forecasts and projections, cash flow and investment management, as well as oversight of employees' welfare matters. Subsequently, she was promoted to Chief Financial Officer ("CFO") of the Group in June 2019, overseeing all aspects of the Group's finance, accounting and reporting functions. Jennifer Chin, the CFO of the Group, has been redesignated to the position of Corporate Affairs Manager with effect from 21 January 2026. This redesignation is part of the Company's strategic reorganisation, and she will continue to contribute her experience and expertise to the Group in her new role. Following the redesignation, the finance and accounting function will be temporarily overseen by the General Manager, Ismail bin Jamal, supported by the personnel of the existing Finance Department. Ismail bin Jamal will work closely with the Finance Department and the Audit Committee to ensure continuity in financial governance, internal controls, reporting standards and compliance matters. Price Target Changed • Nov 21
Price target decreased by 30% to RM0.73 Down from RM1.04, the current price target is an average from 2 analysts. New target price is 170% above last closing price of RM0.27. Stock is down 63% over the past year. The company is forecast to post earnings per share of RM0.065 for next year compared to RM0.064 last year. Reported Earnings • Nov 20
Third quarter 2025 earnings released: EPS: RM0.017 (vs RM0.016 in 3Q 2024) Third quarter 2025 results: EPS: RM0.017 (up from RM0.016 in 3Q 2024). Revenue: RM49.1m (down 5.7% from 3Q 2024). Net income: RM19.9m (up 12% from 3Q 2024). Profit margin: 40% (up from 34% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Nov 03
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 55% to RM0.31. The fair value is estimated to be RM0.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 6.2%. Revenue is forecast to grow by 43% in 2 years. Earnings are forecast to grow by 12% in the next 2 years. New Risk • Oct 22
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 14% 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 Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risks Dividend is not well covered by cash flows (340% cash payout ratio). Market cap is less than US$100m (RM402.7m market cap, or US$95.2m). Declared Dividend • Aug 26
Dividend of RM0.0025 announced Shareholders will receive a dividend of RM0.0025. Ex-date: 31st October 2025 Payment date: 19th November 2025 Dividend yield will be 2.5%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but not covered by cash flows (dividend approximately 7x free cash flows). The dividend has increased by an average of 17% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: RM0.018 (vs RM0.016 in 2Q 2024) Second quarter 2025 results: EPS: RM0.018 (up from RM0.016 in 2Q 2024). Revenue: RM49.1m (up 4.0% from 2Q 2024). Net income: RM19.9m (up 12% from 2Q 2024). Profit margin: 41% (up from 37% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 6% per year and the company’s share price has also increased by 6% per year. Declared Dividend • May 28
Dividend of RM0.005 announced Shareholders will receive a dividend of RM0.005. Ex-date: 6th August 2025 Payment date: 25th August 2025 Dividend yield will be 2.9%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by earnings (34% 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 15% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 27
Perak Transit Berhad Declares Second Interim Single Tier Dividend for the Financial Year Ending 31 December 2025, Payable on 25 August 2025 Perak Transit Berhad has declared a second interim single tier dividend of MYR 0.005 per ordinary share for the financial year ending 31 December 2025, which will be payable on 25 August 2025. Ex-Date: 06 August 2025. Entitlement date: 07 August 2025. Reported Earnings • Apr 29
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: RM0.064 (up from RM0.06 in FY 2023). Revenue: RM186.7m (up 7.8% from FY 2023). Net income: RM71.0m (up 9.1% from FY 2023). Profit margin: 38% (in line with FY 2023). Revenue missed analyst estimates by 9.9%. Earnings per share (EPS) also missed analyst estimates by 5.2%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 24
Perak Transit Berhad, Annual General Meeting, May 26, 2025 Perak Transit Berhad, Annual General Meeting, May 26, 2025, at 09:00 Singapore Standard Time. Location: mersawa & rengas hall, level 2, mu hotel, no. 18, jalan chung on siew, 30250 ,perak darul ridzuan, ipoh Malaysia Major Estimate Revision • Mar 05
Consensus revenue estimates increase by 17%, EPS downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from RM219.5m to RM257.7m. EPS estimate fell from RM0.068 to RM0.067. Net income forecast to grow 5.4% next year vs 12% growth forecast for Transportation industry in Malaysia. Consensus price target broadly unchanged at RM1.04. Share price fell 5.2% to RM0.73 over the past week. Declared Dividend • Feb 28
Fourth quarter dividend of RM0.005 announced Shareholders will receive a dividend of RM0.005. Ex-date: 5th May 2025 Payment date: 23rd May 2025 Dividend yield will be 2.7%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by earnings (35% 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 18% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: RM0.065 (vs RM0.06 in FY 2023) Full year 2024 results: EPS: RM0.065 (up from RM0.06 in FY 2023). Revenue: RM186.7m (up 7.8% from FY 2023). Net income: RM71.0m (up 9.1% from FY 2023). Profit margin: 38% (in line with FY 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 26
Perak Transit Berhad Declares First Interim Dividend for Financial Year Ending 31 December 2025, Payable on 23 May 2025 Perak Transit Berhad has declared a first interim dividend of 0.5 sen per share for financial year ending 31 December 2025, which is payable on 23 May 2025. Announcement • Nov 21
Perak Transit Berhad Declares Fourth Interim Dividend of financial year December 31, 2024, Payable on 17 February 2025 Perak Transit Berhad announced that the group declared a fourth interim dividend of 0.5 sen per share, payable on 17 February 2025. Declared Dividend • Nov 20
Dividend of RM0.005 announced Shareholders will receive a dividend of RM0.005. Ex-date: 24th January 2025 Payment date: 17th February 2025 Dividend yield will be 3.1%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by earnings (8% 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 18% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 8.2% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 19
Third quarter 2024 earnings released: EPS: RM0.016 (vs RM0.015 in 3Q 2023) Third quarter 2024 results: EPS: RM0.016 (up from RM0.015 in 3Q 2023). Revenue: RM52.1m (up 19% from 3Q 2023). Net income: RM17.7m (up 6.7% from 3Q 2023). Profit margin: 34% (down from 38% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Aug 21
Dividend of RM0.005 announced Shareholders will receive a dividend of RM0.005. Ex-date: 29th October 2024 Payment date: 18th November 2024 Dividend yield will be 3.6%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by earnings (16% 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 18% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 20
Second quarter 2024 earnings released: EPS: RM0.016 (vs RM0.015 in 2Q 2023) Second quarter 2024 results: EPS: RM0.016 (up from RM0.015 in 2Q 2023). Revenue: RM47.3m (up 14% from 2Q 2023). Net income: RM17.7m (up 11% from 2Q 2023). Profit margin: 37% (down from 39% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 19
Perak Transit Berhad Declares Third Interim Single Tier Dividend for the Financial Year Ending 31 December 2024, Payable on November 18, 2024 Perak Transit Berhad declared third interim single tier dividend of MYR 0.005 per ordinary share for the financial year ending 31 December 2024. Ex Date is October 29, 2024, Entitlement Date is October 30, 2024 and payment date is November 18, 2204. Reported Earnings • May 29
First quarter 2024 earnings released: EPS: RM0.016 (vs RM0.014 in 1Q 2023) First quarter 2024 results: EPS: RM0.016 (up from RM0.014 in 1Q 2023). Revenue: RM44.6m (down 5.8% from 1Q 2023). Net income: RM17.7m (up 17% from 1Q 2023). Profit margin: 40% (up from 32% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 26
Perak Transit Berhad Announces Second Interim Single Tier Dividend for the Financial Year Ending 31 December 2024, Payable on 22 August 2024 Perak Transit Berhad announced Second interim single tier dividend of MYR 0.005 per ordinary share for the financial year ending 31 December 2024. Ex-Date is 05 August 2024. Entitlement date is 06 August 2024. Payment Date is 22 August 2024. Declared Dividend • May 25
Dividend of RM0.005 announced Shareholders will receive a dividend of RM0.005. Ex-date: 5th August 2024 Payment date: 22nd August 2024 Dividend yield will be 3.8%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by earnings (34% 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 18% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • Apr 30
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent & Non Executive Director Zalinah Binti A. Hamid was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 13
Perak Transit Berhad, Annual General Meeting, May 23, 2024 Perak Transit Berhad, Annual General Meeting, May 23, 2024. Major Estimate Revision • Mar 15
Consensus EPS estimates increase by 20% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from RM0.051 to RM0.061. Revenue forecast unchanged at RM217.4m. Net income forecast to grow 13% next year vs 16% growth forecast for Transportation industry in Malaysia. Consensus price target broadly unchanged at RM0.97. Share price was steady at RM0.80 over the past week. Declared Dividend • Feb 24
Dividend of RM0.0075 announced Shareholders will receive a dividend of RM0.0075. Ex-date: 2nd May 2024 Payment date: 21st May 2024 Dividend yield will be 2.4%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by earnings (34% 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 20% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 9.4% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: RM0.09 (vs RM0.089 in FY 2022) Full year 2023 results: EPS: RM0.09 (up from RM0.089 in FY 2022). Revenue: RM173.2m (up 1.3% from FY 2022). Net income: RM65.1m (up 8.5% from FY 2022). Profit margin: 38% (up from 35% in FY 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: RM0.023 (vs RM0.022 in 3Q 2022) Third quarter 2023 results: EPS: RM0.023 (up from RM0.022 in 3Q 2022). Revenue: RM43.7m (down 4.3% from 3Q 2022). Net income: RM16.6m (up 10% from 3Q 2022). Profit margin: 38% (up from 33% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 17
Perak Transit Berhad Announces Fourth Interim Dividend, Payable on 14 February 2024 Perak Transit Berhad announced a fourth interim dividend of 0.75 cents per share, payable on 14 February 2024. Announcement • Aug 17
Perak Transit Berhad Announces Third Interim Dividend, Payable on 15 November 2023 Perak Transit Berhad announced a third interim dividend of 0.75 cents per share, payable on 15 November 2023. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: RM0.022 (vs RM0.022 in 2Q 2022) Second quarter 2023 results: EPS: RM0.022 (in line with 2Q 2022). Revenue: RM41.5m (down 1.4% from 2Q 2022). Net income: RM16.0m (up 7.8% from 2Q 2022). Profit margin: 39% (up from 35% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 23
Perak Transit Berhad Announces Second Interim Single Tier Dividend for the Financial Year Ending 31 December 2023, Payable on August 21, 2023 Perak Transit Berhad announced Second interim single tier dividend of MYR 0.0075 per ordinary share for the financial year ending 31 December 2023. Ex-Date on August 2, 2023. Entitlement date is August 3, 2023. Payment Date is August 21, 2023. Reported Earnings • Apr 26
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: RM0.089 (up from RM0.084 in FY 2021). Revenue: RM170.9m (up 23% from FY 2021). Net income: RM60.0m (up 13% from FY 2021). Profit margin: 35% (down from 38% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 23
Full year 2022 earnings released: EPS: RM0.089 (vs RM0.084 in FY 2021) Full year 2022 results: EPS: RM0.089 (up from RM0.084 in FY 2021). Revenue: RM170.9m (up 23% from FY 2021). Net income: RM60.0m (up 13% from FY 2021). Profit margin: 35% (down from 38% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to RM1.02, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Transportation industry in Asia. Total returns to shareholders of 93% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM0.49 per share. Reported Earnings • Nov 24
Third quarter 2022 earnings released: EPS: RM0.022 (vs RM0.022 in 3Q 2021) Third quarter 2022 results: EPS: RM0.022 (in line with 3Q 2021). Revenue: RM45.6m (up 29% from 3Q 2021). Net income: RM15.0m (up 10% from 3Q 2021). Profit margin: 33% (down from 39% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Transportation industry in Asia. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 24
Perak Transit Berhad Declares Fourth Interim Dividend, Payable on 22 February 2023 The board of Perak Transit Berhad has declared a fourth interim dividend of 0.75 sen per ordinary share, payable on 22 February 2023. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improved over the past week After last week's 23% share price gain to RM1.16, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Transportation industry in Asia. Total returns to shareholders of 87% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM0.55 per share. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: RM0.022 (vs RM0.021 in 2Q 2021) Second quarter 2022 results: EPS: RM0.022 (up from RM0.021 in 2Q 2021). Revenue: RM42.1m (up 21% from 2Q 2021). Net income: RM14.9m (up 10% from 2Q 2021). Profit margin: 35% (down from 39% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 8.8%, compared to a 15% growth forecast for the Transportation industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 17
Perak Transit Berhad Declares Third Interim Dividend, Payable on 15 November 2022 Perak Transit Berhad has declared a third interim dividend of 0.75 sen per ordinary share, payable on 15 November 2022. Price Target Changed • Jul 07
Price target increased to RM1.08 Up from RM0.99, the current price target is an average from 2 analysts. New target price is 37% above last closing price of RM0.79. Stock is up 24% over the past year. The company is forecast to post earnings per share of RM0.077 for next year compared to RM0.084 last year. Announcement • May 24
Perak Transit Berhad Declares Second Interim Single Tier Dividend for the Financial Year Ending 31 December 2022, Payable on 22 August 2022 Perak Transit Berhad declared second interim single tier dividend of MYR 0.0075 per ordinary share for the financial year ending 31 December 2022 which will be paid on 22 August 2022. Ex-Date is 3 August 2022. Reported Earnings • Apr 28
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: RM0.084 (up from RM0.079 in FY 2020). Revenue: RM138.6m (up 16% from FY 2020). Net income: RM53.2m (up 27% from FY 2020). Profit margin: 38% (up from 35% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 9.5%, compared to a 16% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per year. Announcement • Apr 23
Perak Transit Berhad, Annual General Meeting, May 23, 2022 Perak Transit Berhad, Annual General Meeting, May 23, 2022, at 09:00 Singapore Standard Time. Agenda: To consider the Audited Financial Statements for the financial year ended 31 December 2021 together with the Reports of the Directors and Auditors thereon; to consider approve the payment of Directors' fees and benefits up to an amount of RM310,000 to be paid on a monthly basis from the date of the conclusion of this AGM until the conclusion of the next AGM; to consider re-election of the Directors; to consider re-appoint Messrs Moore Stephens Associates PLT as Auditors of the Company for the financial year ending 31 December 2022 and to authorise the Directors to determine their remuneration; and to consider other matters. Reported Earnings • Feb 24
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: RM0.084 (up from RM0.079 in FY 2020). Revenue: RM138.6m (up 16% from FY 2020). Net income: RM53.2m (up 27% from FY 2020). Profit margin: 38% (up from 35% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 15%, compared to a 16% growth forecast for the industry in Malaysia. 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 5% per year, which means it is significantly lagging earnings. Announcement • Feb 24
Perak Transit Berhad Declares First Interim Single Tier Dividend for the Financial Year Ending 31 December 2022, Payable on 20 May 2022 Perak Transit Berhad declared First interim single tier dividend of MYR 0.008 per ordinary share for the financial year ending 31 December 2022. The ex-date is 28 April 2022. The Entitlement date is 28 April 2022 and payment date is 20 May 2022. Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS RM0.022 (vs RM0.023 in 3Q 2020) The company reported a solid third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: RM35.2m (flat on 3Q 2020). Net income: RM13.7m (up 14% from 3Q 2020). Profit margin: 39% (up from 34% in 3Q 2020). 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 5% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS RM0.021 (vs RM0.017 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: RM34.9m (up 80% from 2Q 2020). Net income: RM13.5m (up 67% from 2Q 2020). Profit margin: 39% (down from 42% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Executive Departure • Jun 03
Independent Non-Executive Director Wan Bin Wan Ahmad has left the company On the 25th of May, Wan Bin Wan Ahmad's tenure as Independent Non-Executive Director ended after 5.8 years in the role. We don't have any record of a personal shareholding under Wan's name. Wan is the only executive to leave the company over the last 12 months. Reported Earnings • May 27
First quarter 2021 earnings released: EPS RM0.021 (vs RM0.018 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: RM35.5m (up 19% from 1Q 2020). Net income: RM13.4m (up 56% from 1Q 2020). Profit margin: 38% (up from 29% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 3% per year. Reported Earnings • Mar 01
Full year 2020 earnings released: EPS RM0.079 (vs RM0.084 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: RM119.4m (down 4.1% from FY 2019). Net income: RM41.8m (up 5.2% from FY 2019). Profit margin: 35% (up from 32% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. Analyst Estimate Surprise Post Earnings • Mar 01
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 0.5%. Earnings per share (EPS) missed analyst estimates by 59%. Over the next year, revenue is forecast to grow 15%, compared to a 16% growth forecast for the Transportation industry in Malaysia. Price Target Changed • Feb 24
Price target raised to RM1.09 Up from RM1.00, the current price target is an average from 5 analysts. The new target price is 28% above the current share price of RM0.85. As of last close, the stock is up 32% over the past year. Announcement • Jan 22
Perak Transit Berhad Appoints Dato' Haji Mohd Gazali Bin Jalal as Independent and Non Executive Director Perak Transit Berhad announced the appointment of Dato' Haji Mohd Gazali Bin Jalal as Independent and Non Executive Director of the company. Date of change is 20 January 2021. Is New 90 Day High Low • Jan 19
New 90-day high: RM0.90 The company is up 13% from its price of RM0.80 on 21 October 2020. The Malaysian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Transportation industry, which is up 41% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RM0.46 per share. Reported Earnings • Nov 20
Third quarter 2020 earnings released: EPS RM0.008 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: RM35.0m (up 8.1% from 3Q 2019). Net income: RM12.0m (up 32% from 3Q 2019). Profit margin: 34% (up from 28% in 3Q 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 30
New 90-day low: RM0.24 The company is down 8.0% from its price of RM0.27 on 30 July 2020. The Malaysian market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Transportation industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RM0.13 per share.