Announcement • May 30
Detik Ria Sdn. Bhd. completed the acquisition of 3.47% stake in Salcon Berhad (KLSE:SALCON) from Berjaya IPS Equity Sdn Bhd and Berjaya IPS Credits Sdn Bhd for MYR 9.5 million. Detik Ria Sdn. Bhd. acquired 3.47% stake in Salcon Berhad (KLSE:SALCON) from Berjaya IPS Equity Sdn Bhd and Berjaya IPS Credits Sdn Bhd for MYR 9.5 million on May 28, 2026. A cash consideration of MYR 9.45 million valued at MYR 0.24 per share will be paid by Detik Ria Sdn. Bhd. As part of consideration, MYR 9.45 million is paid towards common equity of Salcon Berhad.
Detik Ria Sdn. Bhd. completed the acquisition of 3.47% stake in Salcon Berhad (KLSE:SALCON) from Berjaya IPS Equity Sdn Bhd and Berjaya IPS Credits Sdn Bhd for MYR 9.5 million on May 28, 2026. Reported Earnings • May 23
First quarter 2026 earnings released: EPS: RM0 (vs RM0.013 in 1Q 2025) First quarter 2026 results: EPS: RM0 (down from RM0.013 in 1Q 2025). Revenue: RM70.7m (down 61% from 1Q 2025). Net loss: RM453.0k (down 103% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Apr 29
Salcon Berhad, Annual General Meeting, Jun 11, 2026 Salcon Berhad, Annual General Meeting, Jun 11, 2026, at 10:30 Singapore Standard Time. Location: hilton shah alam glenmarie, ballroom a, no. 1, jalan usahawan u1/8, seksyen u1, 40250 shah alam, selangor, Malaysia New Risk • Mar 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.1% Last year net profit margin: 5.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (3.1% net profit margin). Market cap is less than US$100m (RM261.1m market cap, or US$67.1m). Reported Earnings • Mar 01
Full year 2025 earnings released: EPS: RM0.011 (vs RM0.016 in FY 2024) Full year 2025 results: EPS: RM0.011 (down from RM0.016 in FY 2024). Revenue: RM374.6m (up 26% from FY 2024). Net income: RM11.6m (down 28% from FY 2024). Profit margin: 3.1% (down from 5.4% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 28
Third quarter 2025 earnings released: RM0.004 loss per share (vs RM0.005 loss in 3Q 2024) Third quarter 2025 results: RM0.004 loss per share (improved from RM0.005 loss in 3Q 2024). Revenue: RM69.5m (flat on 3Q 2024). Net loss: RM4.41m (loss narrowed 19% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 29
Second quarter 2025 earnings released: RM0.002 loss per share (vs RM0.004 profit in 2Q 2024) Second quarter 2025 results: RM0.002 loss per share (down from RM0.004 profit in 2Q 2024). Revenue: RM49.9m (down 49% from 2Q 2024). Net loss: RM2.67m (down 165% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • May 29
Salcon Berhad to Report Q1, 2025 Results on May 28, 2025 Salcon Berhad announced that they will report Q1, 2025 results on May 28, 2025 Reported Earnings • May 29
First quarter 2025 earnings released: EPS: RM0.013 (vs RM0.004 in 1Q 2024) First quarter 2025 results: EPS: RM0.013 (up from RM0.004 in 1Q 2024). Revenue: RM181.1m (up 280% from 1Q 2024). Net income: RM13.1m (up 196% from 1Q 2024). Profit margin: 7.2% (down from 9.3% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 17% per year. Announcement • Apr 29
Salcon Berhad, Annual General Meeting, Jun 12, 2025 Salcon Berhad, Annual General Meeting, Jun 12, 2025, at 10:30 Singapore Standard Time. Location: glenmarie ballroom a, glenmarie hotel & golf resort, no. 1, jalan usahawan u1/8, seksyen u1, 40250 shah alam, selangor, Malaysia Reported Earnings • Mar 02
Full year 2024 earnings released: EPS: RM0.016 (vs RM0.021 loss in FY 2023) Full year 2024 results: EPS: RM0.016 (up from RM0.021 loss in FY 2023). Revenue: RM298.7m (up 93% from FY 2023). Net income: RM16.5m (up RM37.7m from FY 2023). Profit margin: 5.5% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Jan 03
Salcon Berhad Appoints Wong Siew Yeen as Company Secretary Salcon Berhad appointed Wong Siew Yeen as Company Secretary. Date Of Change is 03 January 2025. Reported Earnings • Nov 22
Third quarter 2024 earnings released: RM0.005 loss per share (vs RM0.003 loss in 3Q 2023) Third quarter 2024 results: RM0.005 loss per share (further deteriorated from RM0.003 loss in 3Q 2023). Revenue: RM69.4m (up 62% from 3Q 2023). Net loss: RM5.45m (loss widened 77% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. New Risk • Aug 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 31% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (RM367.5m market cap, or US$84.0m). Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: RM0.004 (vs RM0.006 loss in 2Q 2023) Second quarter 2024 results: EPS: RM0.004 (up from RM0.006 loss in 2Q 2023). Revenue: RM97.5m (up 333% from 2Q 2023). Net income: RM4.13m (up RM10.6m from 2Q 2023). Profit margin: 4.2% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. New Risk • Jul 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 35% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (RM425.1m market cap, or US$90.2m). Announcement • May 01
Salcon Berhad, Annual General Meeting, Jun 13, 2024 Salcon Berhad, Annual General Meeting, Jun 13, 2024, at 10:30 Singapore Standard Time. Location: Tricor Business Centre,Gemilang Room, Unit 29-02, Level 29, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur Kuala 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 Auditors thereon; to approve the payment of Directors' fees of up to RM310,000 for the period immediately after the 21st AGM until the next AGM of the Company to be held in 2025; to approve the payment of Directors' benefits of up to RM200,000 for the period immediately after the 21st AGM until the next AGM of the Company to be held in 2025; to re-appoint Messrs. KPMG PLT as Auditors of the Company and to authorise the Directors to fix their remuneration; and to consider other matters. New Risk • Apr 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 37% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (RM273.3m market cap, or US$57.5m). Reported Earnings • Feb 29
Full year 2023 earnings released: RM0.028 loss per share (vs RM0.024 loss in FY 2022) Full year 2023 results: RM0.028 loss per share (further deteriorated from RM0.024 loss in FY 2022). Revenue: RM154.3m (down 24% from FY 2022). Net loss: RM28.6m (loss widened 18% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. New Risk • Dec 12
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 9.9% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 24
Third quarter 2023 earnings released: RM0.003 loss per share (vs RM0.004 loss in 3Q 2022) Third quarter 2023 results: RM0.003 loss per share (improved from RM0.004 loss in 3Q 2022). Revenue: RM42.9m (up 13% from 3Q 2022). Net loss: RM3.09m (loss narrowed 19% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. New Risk • Nov 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.3% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (RM217.6m market cap, or US$45.8m). Reported Earnings • Aug 25
Second quarter 2023 earnings released: RM0.006 loss per share (vs RM0 in 2Q 2022) Second quarter 2023 results: RM0.006 loss per share (further deteriorated from RM0 in 2Q 2022). Revenue: RM22.5m (down 58% from 2Q 2022). Net loss: RM6.44m (down RM6.61m from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 43% 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. Reported Earnings • May 27
First quarter 2023 earnings released: EPS: RM0.005 (vs RM0.003 loss in 1Q 2022) First quarter 2023 results: EPS: RM0.005 (up from RM0.003 loss in 1Q 2022). Revenue: RM36.3m (down 24% from 1Q 2022). Net income: RM4.82m (up RM7.40m from 1Q 2022). Profit margin: 13% (up from net loss in 1Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • May 26
Salcon Berhad to Report Q1, 2023 Results on May 25, 2023 Salcon Berhad announced that they will report Q1, 2023 results at 5:00 PM, Singapore Standard Time on May 25, 2023 Reported Earnings • Mar 02
Full year 2022 earnings released: RM0.024 loss per share (vs RM0.014 profit in FY 2021) Full year 2022 results: RM0.024 loss per share (down from RM0.014 profit in FY 2021). Revenue: RM204.1m (down 29% from FY 2021). Net loss: RM24.0m (down 270% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Nov 25
Third quarter 2022 earnings released: RM0.004 loss per share (vs RM0.007 profit in 3Q 2021) Third quarter 2022 results: RM0.004 loss per share (down from RM0.007 profit in 3Q 2021). Revenue: RM37.9m (down 48% from 3Q 2021). Net loss: RM3.80m (down 156% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Board Change • Nov 16
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. 3 experienced directors. 3 highly experienced directors. Non-Independent Non Executive Director Phaik Goh was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: RM0 (vs RM0.011 in 2Q 2021) Second quarter 2022 results: EPS: RM0 (down from RM0.011 in 2Q 2021). Revenue: RM54.0m (down 79% from 2Q 2021). Net income: RM170.0k (down 98% from 2Q 2021). Profit margin: 0.3% (down from 4.2% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • May 28
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: RM0.003 loss per share (down from RM0.001 loss in 1Q 2021). Revenue: RM47.5m (up 12% from 1Q 2021). Net loss: RM2.58m (loss widened 222% from 1Q 2021). Revenue exceeded analyst estimates by 78%. Earnings per share (EPS) also surpassed analyst estimates by 13%. 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 8% per year, which means it is significantly lagging earnings. Announcement • May 02
Salcon Berhad, Annual General Meeting, Jun 23, 2022 Salcon Berhad, Annual General Meeting, Jun 23, 2022, at 10:30 Singapore Standard Time. Location: Tricor Leadership Room, Unit 32-01, Level 32,Tower A Vertical Business Suite, Avenue 3, Bangsar South No. 8, Jalan Kerinchi, Kuala Lampur Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31December 2021 together with the Reports of the Directors and Auditors thereon;to approve the payment of the final dividend via distribution of treasury shares as share dividends on the basis of one (1) treasury share for every forty (40) existing ordinary shares held in the Company in respect of the financial year ended 31 December 2021;to re-elect the Directors;to re-appoint Messrs KPMG PLT as Auditors of the Company and to authorize the Directors to fix their remuneration;and to consider other matters. Board Change • Apr 27
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. 3 experienced directors. 3 highly experienced directors. Non-Independent Non Executive Director Phaik Goh was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 01
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: RM0.014 (up from RM0.009 loss in FY 2020). Revenue: RM434.8m (up 124% from FY 2020). Net income: RM14.2m (up RM21.9m from FY 2020). Profit margin: 3.3% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 78%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Feb 02
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. 3 experienced directors. 3 highly experienced directors. Non-Independent Non Executive Director Phaik Goh was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS RM0.007 (vs RM0.005 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: RM73.4m (up 22% from 3Q 2020). Net income: RM6.81m (up RM11.2m from 3Q 2020). Profit margin: 9.3% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Executive Departure • Aug 25
CFO & Director of Corporate Affairs & Finance Woo Hock Law has left the company On the 20th of August, Woo Hock Law's tenure as CFO & Director of Corporate Affairs & Finance ended after 15.8 years in the role. We don't have any record of a personal shareholding under Woo Hock's name. Woo Hock is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 6.00 years. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS RM0.011 (vs RM0.003 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: RM260.8m (up RM236.3m from 2Q 2020). Net income: RM10.8m (up 406% from 2Q 2020). Profit margin: 4.2% (down from 8.7% 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 38% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • May 28
First quarter 2021 earnings released: RM0.001 loss per share (vs RM0.008 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: RM42.3m (down 12% from 1Q 2020). Net loss: RM801.0k (loss narrowed 87% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Price Target Changed • May 23
Price target decreased to RM0.25 Down from RM0.32, the current price target is provided by 1 analyst. New target price is 14% above last closing price of RM0.22. Stock is up 33% over the past year. Announcement • Mar 14
Salcon Berhad (KLSE:SALCON) completed the acquisition of 51% stake in JR Engineering and Medical Technologies (M) Sdn Bhd from Ganesan A/L Subramaniam. Salcon Berhad (KLSE:SALCON) entered into a share sale agreement to acquire a 51% stake in JR Engineering and Medical Technologies (M) Sdn Bhd from Ganesan A/L Subramaniam for MYR 28.6 million on November 12, 2020. As a part of transaction, Salcon will acquire 1.02 million shares in JREMT. Out of total consideration, Salcon will pay MYR 22.5 million from the proceeds of the private placement, which was completed on November 2, 2020, and remaining 6.06 will be paid from internally generated fund. MYR 0.45 million will be paid as earnest deposit prior to the execution of agreement, MYR 2.406 million will paid on execution of agreement and remaining MYR 25.704 million will be paid on completion date. Post transaction, Salcon, Ganesan A/L Subramaniam and Hamen A/L Ganesan will hold 51%, 48.99995% and 0.00005% stake in JREMT. JREMT will become a 51%-owned subsidiary of Salcon. Salcon, Ganesan A/L Subramaniam and Hamen will enter into a Shareholders Agreement to regulate their relationship as shareholders of JREMT. JREMT reported net profits of MYR 2.5 million and net assets of MYR 6.7 million for the year ended July 31, 2020. Ganesan A/L Subramaniam shall continue as Managing Director of JREMT for a duration of three years from the completion. Transaction is subject to the satisfactory due diligence by Salcon on JREMT. If agreement is terminated due to non fulfilment of the condition precedent or if the due diligence confirmation is not satisfactory to Salcon, then the Ganesan shall be entitled to forfeit the earnest deposit sum absolutely and will refund remaining amount, free of interest. The agreement will become unconditional upon the issuance of the due diligence confirmation. Salcon Berhad would seek shareholders approval in the future when it is expected to trigger the threshold of Paragraph 10.13 of the Listing Requirements. The transaction is expected to be completed within 2 months from the date of agreement. The transaction does not have any effect on the share capital and substantial shareholders’ shareholdings Salcon. The transaction will not have any significant effect on the earnings per share, net assets and gearing of Salcon Group for the financial year ending December 31, 2020.
Salcon Berhad (KLSE:SALCON) completed the acquisition of 51% stake in JR Engineering and Medical Technologies (M) Sdn Bhd from Ganesan A/L Subramaniam on March 12, 2020. Reported Earnings • Feb 25
Full year 2020 earnings released: RM0.009 loss per share (vs RM0.011 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: RM194.1m (up 1.5% from FY 2019). Net loss: RM7.67m (loss narrowed 19% from FY 2019). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 25
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 78%. Earnings per share (EPS) missed analyst estimates by 13%. Over the next year, revenue is expected to shrink by 41% compared to a 5.4% growth forecast for the Water Utilities industry in Malaysia. Is New 90 Day High Low • Jan 18
New 90-day low: RM0.23 The company is down 36% from its price of RM0.36 on 20 October 2020. The Malaysian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is down 2.0% over the same period. Major Estimate Revision • Nov 30
Analysts update estimates The company's losses in 2020 are expected to worsen with analysts lowering their consensus EPS forecasts from -RM0.005 to -RM0.008. No change was made to the revenue estimate which at the last update was RM108.9m. The Water Utilities industry in Malaysia is expected to see an average net income growth of 17% next year. The consensus price target was lowered from RM0.32 to RM0.25. Share price is down by 5.2% to RM0.28 over the past week. Announcement • Nov 26
Salcon Berhad to Report Q3, 2020 Results on Nov 23, 2020 Salcon Berhad announced that they will report Q3, 2020 results on Nov 23, 2020 Price Target Changed • Nov 25
Price target lowered to RM0.25 Down from RM0.32, the current price target is provided by 1 analyst. The new target price is 7.4% below the current share price of RM0.27. As of last close, the stock is up 23% over the past year. Reported Earnings • Nov 25
Third quarter 2020 earnings released: RM0.005 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: RM60.2m (up 44% from 3Q 2019). Net loss: RM4.34m (loss narrowed 9.8% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 12
New 90-day high: RM0.38 The company is up 95% from its price of RM0.20 on 14 August 2020. The Malaysian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Water Utilities industry, which is flat over the same period. Announcement • Nov 03
Salcon Berhad has completed a Follow-on Equity Offering in the amount of MYR 33.8115 million. Salcon Berhad has completed a Follow-on Equity Offering in the amount of MYR 33.8115 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 139,000,000
Price\Range: MYR 0.195
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 26,300,000
Price\Range: MYR 0.255
Transaction Features: Subsequent Direct Listing Is New 90 Day High Low • Oct 14
New 90-day high: RM0.25 The company is up 22% from its price of RM0.20 on 16 July 2020. The Malaysian market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Water Utilities industry, which is down 2.0% over the same period. Announcement • Aug 29
Salcon Berhad to Report Q2, 2020 Results on Aug 25, 2020 Salcon Berhad announced that they will report Q2, 2020 results on Aug 25, 2020 Announcement • Jun 28
Salcon Berhad to Report Q1, 2020 Results on Jun 23, 2020 Salcon Berhad announced that they will report Q1, 2020 results on Jun 23, 2020