Announcement • Jun 12
Swift Haulage Berhad Announces Retirement of Noripah Binti Kamso from Chairman of Nomination and Remuneration Committee, Effective June 11, 2026 SWIFT HAULAGE BERHAD announced that Datuk Noripah Binti Kamso, aged 69, retired as Chairman of Nomination and Remuneration Committee on June 11, 2026. After the change, the composition of Nomination and Remuneration Committee comprised Dato' Gopikrishnan A/L N.S. Menon (Member, Independent Non-Executive Director) and Mr. Loo Hooi Keat (Member, Non-Independent Non-Executive Director/Advisor). Reported Earnings • May 16
First quarter 2026 earnings released: EPS: RM0.009 (vs RM0.008 in 1Q 2025) First quarter 2026 results: EPS: RM0.009 (up from RM0.008 in 1Q 2025). Revenue: RM189.5m (flat on 1Q 2025). Net income: RM7.51m (up 4.0% from 1Q 2025). Profit margin: 4.0% (up from 3.8% in 1Q 2025). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Logistics industry in Malaysia. 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 1% per year, which means it has not declined as severely as earnings. Announcement • Apr 29
Swift Haulage Berhad, Annual General Meeting, Jun 11, 2026 Swift Haulage Berhad, Annual General Meeting, Jun 11, 2026, at 14:00 Singapore Standard Time. Location: wyndham acmar klang hotel, ballroom 3, level 1, persiaran bukit raja 2/ku1, 41150 klang, selangor darul ehsan, Malaysia Major Estimate Revision • Mar 04
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from RM0.039 to RM0.035 per share. Revenue forecast steady at RM764.0m. Net income forecast to grow 12% next year vs 22% growth forecast for Logistics industry in Malaysia. Consensus price target down from RM0.38 to RM0.37. Share price fell 3.5% to RM0.41 over the past week. Declared Dividend • Feb 28
Final dividend of RM0.008 announced Dividend of RM0.008 is the same as last year. Ex-date: 26th March 2026 Payment date: 10th April 2026 Dividend yield will be 3.9%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 26
Full year 2025 earnings released: EPS: RM0.031 (vs RM0.045 in FY 2024) Full year 2025 results: EPS: RM0.031 (down from RM0.045 in FY 2024). Revenue: RM772.2m (up 7.7% from FY 2024). Net income: RM27.4m (down 31% from FY 2024). Profit margin: 3.5% (down from 5.6% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Logistics industry in Malaysia. 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 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: RM0.008 (vs RM0.007 in 3Q 2024) Third quarter 2025 results: EPS: RM0.008 (up from RM0.007 in 3Q 2024). Revenue: RM201.0m (up 9.8% from 3Q 2024). Net income: RM7.14m (up 24% from 3Q 2024). Profit margin: 3.6% (up from 3.2% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Logistics industry in Asia. 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 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: RM0.008 (vs RM0.009 in 2Q 2024) Second quarter 2025 results: EPS: RM0.008 (down from RM0.009 in 2Q 2024). Revenue: RM188.7m (up 9.2% from 2Q 2024). Net income: RM6.75m (down 19% from 2Q 2024). Profit margin: 3.6% (down from 4.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Logistics industry in Asia. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 8% per year. Reported Earnings • May 16
First quarter 2025 earnings released: EPS: RM0.008 (vs RM0.024 in 1Q 2024) First quarter 2025 results: EPS: RM0.008 (down from RM0.024 in 1Q 2024). Revenue: RM185.7m (up 3.5% from 1Q 2024). Net income: RM7.22m (down 66% from 1Q 2024). Profit margin: 3.9% (down from 12% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Logistics industry in Asia. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Announcement • Apr 29
Swift Haulage Berhad, Annual General Meeting, Jun 12, 2025 Swift Haulage Berhad, Annual General Meeting, Jun 12, 2025, at 14:00 Singapore Standard Time. Location: wyndham acmar klang hotel, ballroom 1, persiaran bukit raja 2/ku1, 41150 klang, selangor darul ehsan, Malaysia Price Target Changed • Mar 03
Price target decreased by 7.2% to RM0.47 Down from RM0.50, the current price target is an average from 5 analysts. New target price is 11% above last closing price of RM0.42. Stock is down 23% over the past year. The company is forecast to post earnings per share of RM0.039 for next year compared to RM0.046 last year. Declared Dividend • Mar 01
Final dividend of RM0.008 announced Dividend of RM0.008 is the same as last year. Ex-date: 26th March 2025 Payment date: 10th April 2025 Dividend yield will be 3.8%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (29% 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 decreased over the past 36 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 6.0% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Feb 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.6% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risks Interest payments are not well covered by earnings (1.8x net interest cover). Earnings are forecast to decline by an average of 3.6% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (RM377.5m market cap, or US$84.6m). Announcement • Jan 27
Swift Haulage Berhad Announces Board and Committee Appointments Swift Haulage Berhad announced that Datuk Rozaida Binti Omar has been appointed as the Chairman of the new separately constituted Board Audit Committee while Datuk Jamaludin Bin Nasir, has been appointed as the Chairman of the new separately constituted Board Risk Committee with effect from 24 January 2025. Consequent thereto, the compositions of the new separately constituted Board Audit Committee and Board Risk Committee are as follows: Board Audit Committee. Datuk Rozaida Binti Omar (Chairman, Independent Non-Executive Director). Datuk Noripah Binti Kamso (Member, Independent Non-Executive Director). Dato' Gopikrishnan A/L N.S. Menon (Member, Independent Non-Executive Director). Board Risk Committee: Datuk Jamaludin Bin Nasir (Chairman, Independent Non-Executive Director). Mr. Chakrit Keeratipish (Member, Non-Independent Non-Executive Director). Datuk Rozaida Binti Omar (Member, Independent Non-Executive Director). Price Target Changed • Nov 15
Price target decreased by 7.0% to RM0.50 Down from RM0.54, the current price target is an average from 5 analysts. New target price is 10% above last closing price of RM0.46. Stock is down 15% over the past year. The company is forecast to post earnings per share of RM0.04 for next year compared to RM0.07 last year. Declared Dividend • Aug 11
First half dividend of RM0.008 announced Shareholders will receive a dividend of RM0.008. Ex-date: 18th September 2024 Payment date: 3rd October 2024 Dividend yield will be 3.2%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (10% earnings payout ratio) and cash flows (85% cash payout ratio). The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 36% over the next 3 years. However, it would need to fall by 89% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: RM0.01 (vs RM0.011 in 2Q 2023) Second quarter 2024 results: EPS: RM0.01 (down from RM0.011 in 2Q 2023). Revenue: RM172.9m (up 4.7% from 2Q 2023). Net income: RM8.33m (down 14% from 2Q 2023). Profit margin: 4.8% (down from 5.9% in 2Q 2023). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Logistics industry in Asia. Price Target Changed • Jul 12
Price target decreased by 14% to RM0.55 Down from RM0.64, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of RM0.53. Stock is up 11% over the past year. The company is forecast to post earnings per share of RM0.048 for next year compared to RM0.07 last year. New Risk • May 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 48% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.5x net interest cover). Earnings are forecast to decline by an average of 14% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • May 14
First quarter 2024 earnings released: EPS: RM0.024 (vs RM0.011 in 1Q 2023) First quarter 2024 results: EPS: RM0.024 (up from RM0.011 in 1Q 2023). Revenue: RM179.4m (up 8.9% from 1Q 2023). Net income: RM21.1m (up 109% from 1Q 2023). Profit margin: 12% (up from 6.1% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Logistics industry in Asia. Announcement • Apr 28
Swift Haulage Berhad, Annual General Meeting, Jun 06, 2024 Swift Haulage Berhad, Annual General Meeting, Jun 06, 2024, at 10:00 Singapore Standard Time. Agenda: To receive the Audited Financial Statements for the financial year ended 31 December 2023 together with the Reports of the Directors and Auditors Reports thereon; to approve the payment of Directors' fees amounting to RM950,000.00 for the financial year ended 31 December 2023; and to discuss other matters. New Risk • Mar 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: RM462.5m (US$98.0m) 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 Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings are forecast to decline by an average of 9.6% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (RM462.5m market cap, or US$98.0m). Buy Or Sell Opportunity • Feb 27
Now 21% undervalued Over the last 90 days, the stock has risen 1.8% to RM0.56. 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 6.5% over the last 3 years. Earnings per share has declined by 16%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings are forecast to decline by 11% per annum over the same time period. Reported Earnings • Feb 25
Full year 2023 earnings released: EPS: RM0.073 (vs RM0.055 in FY 2022) Full year 2023 results: EPS: RM0.073 (up from RM0.055 in FY 2022). Revenue: RM671.2m (up 4.3% from FY 2022). Net income: RM64.2m (up 32% from FY 2022). Profit margin: 9.6% (up from 7.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Logistics industry in Asia. New Risk • Dec 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: RM466.7m (US$99.8m) 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 Risks Interest payments are not well covered by earnings (2.1x net interest cover). Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (RM466.7m market cap, or US$99.8m). Board Change • Dec 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Group CFO & Non-Independent Executive Director Esther Kee was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • Nov 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risks Interest payments are not well covered by earnings (2.1x net interest cover). Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. New Risk • Nov 14
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 59% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: RM0.032 (vs RM0.013 in 3Q 2022) Third quarter 2023 results: EPS: RM0.032 (up from RM0.013 in 3Q 2022). Revenue: RM168.0m (up 5.5% from 3Q 2022). Net income: RM28.4m (up 142% from 3Q 2022). Profit margin: 17% (up from 7.4% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Logistics industry in Malaysia. Announcement • Nov 09
Swift Haulage Berhad Announces Appointment of Kee Chung Ching as Non-Independent Executive Director Swift Haulage Berhad announced appointment of Miss Kee Chung Ching as Non-Independent Executive Director. Age is 45. Nationality is Malaysia. Date of change is 8 November, 2023. Qualifications: Bachelor in Finance and Accounting from Sheffield Hallam University, United Kingdon, Member- Association of Chartered Certified Accountants (ACCA) and Malaysian Institute of Accountants (MIA). Working experience and occupation: Ms. Kee Chung Ching ("Ms. Kee") has four (4) years of experience at audit firms before joining the logistics industry at Konsortium Logistik Berhad. She was then promoted to Vice President of Finance before leaving the company in the year 2011. She continued her career with Pelikan International as Vice President of Corporate Planning in year 2012 and the Group Financial Officer of Persada Bina Sdn. Bhd. in year 2014, which Ms. Kee was responsible for overseeing the Group's finance matters until year 2015. In 2015, Ms. Kee joined Swift Haulage Berhad as the Group Chief Finance Officer. Price Target Changed • Aug 21
Price target decreased by 12% to RM0.69 Down from RM0.78, the current price target is an average from 6 analysts. New target price is 46% above last closing price of RM0.47. Stock is down 12% over the past year. The company is forecast to post earnings per share of RM0.062 for next year compared to RM0.055 last year. Reported Earnings • Aug 19
Second quarter 2023 earnings released: EPS: RM0.011 (vs RM0.015 in 2Q 2022) Second quarter 2023 results: EPS: RM0.011 (down from RM0.015 in 2Q 2022). Revenue: RM165.1m (up 3.1% from 2Q 2022). Net income: RM9.72m (down 26% from 2Q 2022). Profit margin: 5.9% (down from 8.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Logistics industry in Malaysia. Announcement • Aug 19
Swift Haulage Berhad Announces Single Tier Interim Dividend for the Financial Year Ending December 31, 2023, Payable on October 10, 2023 Swift Haulage Berhad announced the Single tier interim dividend of 0.8 sen per share for the financial year ending December 31, 2023, Payable on October 10, 2023. Ex-Date is on September 25, 2023 with Entitlement date is on September 26, 2023. Announcement • Aug 04
Swift Haulage Berhad (KLSE:SWIFT) and Hartamas Mentari Sdn. Bhd. completed the acquisition of 30% stake in Global Vision Logistics Sdn. Bhd. from Aspen Vision Properties Sdn. Bhd. Swift Haulage Berhad (KLSE:SWIFT) and Hartamas Mentari Sdn. Bhd. entered into an agreement to acquire 30% stake in Global Vision Logistics Sdn. Bhd. from Aspen Vision Properties Sdn. Bhd. for MYR 32.9 million on March 24, 2023. As a part of the deal, Swift Haulage Berhad will acquire an additional 17.5% and Hartamas Mentari Sdn. Bhd. will acquire an additional 12.5% in Global Vision Logistics. The consideration shall be satisfied via internally generated funds. The deal is expected to be completed within five months from the Agreement execution date. The proceeds arising from the Proposed Divestment will be utilized for the general working capital of Aspen. As of June 23, 2023, parties have mutually agreed to extend the Conditional Period to 22 July 2023 with an automatic extension of another thirty days, in order to allow more time for Aspen Vision Properties to obtain the Approval.Swift Haulage Berhad (KLSE:SWIFT) and Hartamas Mentari Sdn. Bhd. completed the acquisition of 30% stake in Global Vision Logistics Sdn. Bhd. from Aspen Vision Properties Sdn. Bhd. on August 2, 2023. Reported Earnings • May 12
First quarter 2023 earnings released: EPS: RM0.012 (vs RM0.016 in 1Q 2022) First quarter 2023 results: EPS: RM0.012 (down from RM0.016 in 1Q 2022). Revenue: RM169.4m (up 5.7% from 1Q 2022). Net income: RM10.1m (down 29% from 1Q 2022). Profit margin: 6.0% (down from 8.9% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Logistics industry in Malaysia. Price Target Changed • May 11
Price target decreased by 7.3% to RM0.77 Down from RM0.82, the current price target is an average from 6 analysts. New target price is 63% above last closing price of RM0.47. Stock is down 31% over the past year. The company is forecast to post earnings per share of RM0.061 for next year compared to RM0.057 last year. Price Target Changed • Mar 22
Price target decreased by 12% to RM0.76 Down from RM0.86, the current price target is an average from 6 analysts. New target price is 62% above last closing price of RM0.47. Stock is down 36% over the past year. The company is forecast to post earnings per share of RM0.067 for next year compared to RM0.057 last year. Upcoming Dividend • Mar 15
Upcoming dividend of RM0.01 per share at 4.3% yield Eligible shareholders must have bought the stock before 22 March 2023. Payment date: 06 April 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of Malaysian dividend payers (5.4%). Higher than average of industry peers (2.0%). Reported Earnings • Feb 28
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: RM0.057. Revenue: RM644.8m (up 9.6% from FY 2021). Net income: RM50.5m (up 7.1% from FY 2021). Profit margin: 7.8% (down from 8.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.0%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Logistics industry in Malaysia. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: RM0.013 (vs RM0.015 in 3Q 2021) Third quarter 2022 results: EPS: RM0.013 (down from RM0.015 in 3Q 2021). Revenue: RM159.3m (up 1.1% from 3Q 2021). Net income: RM11.7m (flat on 3Q 2021). Profit margin: 7.4% (in line with 3Q 2021). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Logistics industry in Malaysia. Upcoming Dividend • Sep 29
Upcoming dividend of RM0.01 per share Eligible shareholders must have bought the stock before 06 October 2022. Payment date: 21 October 2022. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Malaysian dividend payers (5.3%). In line with average of industry peers (4.1%). Announcement • Aug 18
Swift Haulage Berhad Announces Single Tier Interim Dividend for Financial Year Ended December 31, 2022, Payment Date Is 21 Oct 2022 Swift Haulage Berhad announced Single tier interim dividend of 1.0 sen per share for Financial Year Ended December 31, 2022. Ex-Date is 06 Oct 2022, Entitlement date is 07 Oct 2022 and Payment Date is 21 Oct 2022. Reported Earnings • Aug 18
Second quarter 2022 earnings released Second quarter 2022 results: EPS: RM0.015. Net income: RM13.2m (up RM13.2m from 2Q 2021). Over the next year, revenue is forecast to grow 12%, compared to a 1.2% growth forecast for the Logistics industry in Malaysia. Announcement • Aug 11
Swift Haulage Berhad (KLSE:SWIFT) entered into a Binding Offer to acquire Watt Wah Petroleum Haulage Pte. Ltd. from DLT Enterprise Pte. Ltd for SGD 1.6 million. Swift Haulage Berhad (KLSE:SWIFT) entered into a Binding Offer to acquire Watt Wah Petroleum Haulage Pte. Ltd. from DLT Enterprise Pte. Ltd for SGD 1.6 million August 10, 2022. Binding Offer is subject to a definitive share and purchase agreement and other documents related to Proposed Acquisition to be entered into between the Swift Haulage Berhad and DLT Enterprise Pte. Ltd. Board of directors of Swift Haulage Berhad approved the transaction. Buying Opportunity • Jul 04
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 36%. The fair value is estimated to be RM0.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last year. Earnings per share has declined by 25%. Revenue is forecast to grow by 23% in 2 years. Earnings is forecast to grow by 30% in the next 2 years. Buying Opportunity • Jun 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be RM0.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last year. Earnings per share has declined by 25%. Revenue is forecast to grow by 24% in 2 years. Earnings is forecast to grow by 30% in the next 2 years. Announcement • May 02
Swift Haulage Berhad, Annual General Meeting, Jun 15, 2022 Swift Haulage Berhad, Annual General Meeting, Jun 15, 2022, at 11:00 Singapore Standard Time. Location: Board Room, Suite 8.02, Level 8 Intan Millennium Square 2, No. 88, Jalan Batai Laut 4, Taman Intan, 41300 Klang Klang Selangor Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31 December 2021 together with the Reports of the Directors and Auditors Reports thereon; to approve the payment of Directors' fees amounting to RM467,500.00 for the financial year ended 31 December 2021; to approve the payment of benefits payable to the Directors up to an amount of RM50,000.00 from 16 June 2022 until the next AGM of the Company in year 2023; to re-appoint BDO PLT as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Directors to fix their remuneration; and to discuss other matters. Buying Opportunity • Feb 28
Now 22% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be RM1.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last year. Earnings per share has declined by 16% over the last year. Announcement • Feb 25
Swift Haulage Berhad Announces Single Tier Interim Dividend for Financial Year Ended December 31, 2021, Payable 24 March 2022 Swift Haulage Berhad announced Single tier interim dividend of 1.8 sen per share for Financial Year Ended December 31, 2021. Ex-Date is 09 March 2022, Entitlement date is 09 March 2022 and Payment Date is 24 March 2022. 
