New Risk • Aug 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM40.0m (US$9.78m) This is considered a major 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 High level of non-cash earnings (31% accrual ratio). Market cap is less than US$10m (RM40.0m market cap, or US$9.78m). Minor Risk Share price has been volatile over the past 3 months (8.9% average weekly change). Reported Earnings • May 28
Third quarter 2026 earnings released: EPS: RM0.005 (vs RM0.006 in 3Q 2025) Third quarter 2026 results: EPS: RM0.005 (down from RM0.006 in 3Q 2025). Revenue: RM12.8m (up 89% from 3Q 2025). Net income: RM299.0k (down 21% from 3Q 2025). Profit margin: 2.3% (down from 5.6% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. New Risk • May 15
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 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (26% accrual ratio). Market cap is less than US$10m (RM39.4m market cap, or US$9.96m). Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Profit margins are more than 30% lower than last year (14% net profit margin). 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: 14% Last year net profit margin: 20% 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: Major Risks High level of non-cash earnings (26% accrual ratio). Market cap is less than US$10m (RM35.2m market cap, or US$9.05m). Minor Risk Profit margins are more than 30% lower than last year (14% net profit margin). Reported Earnings • Feb 25
Second quarter 2026 earnings released: EPS: RM0.049 (vs RM0.01 in 2Q 2025) Second quarter 2026 results: EPS: RM0.049 (up from RM0.01 in 2Q 2025). Revenue: RM14.3m (up 65% from 2Q 2025). Net income: RM3.11m (up 370% from 2Q 2025). Profit margin: 22% (up from 7.6% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. New Risk • Nov 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 25% 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 Market cap is less than US$10m (RM33.0m market cap, or US$7.99m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.7% net profit margin). Reported Earnings • Nov 02
Full year 2025 earnings released: EPS: RM0.072 (vs RM0.087 in FY 2024) Full year 2025 results: EPS: RM0.072 (down from RM0.087 in FY 2024). Revenue: RM38.6m (up 15% from FY 2024). Net income: RM4.55m (down 18% from FY 2024). Profit margin: 12% (down from 17% 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 27% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Tillkännagivande • Oct 27
B.I.G. Industries Berhad, Annual General Meeting, Nov 27, 2025 B.I.G. Industries Berhad, Annual General Meeting, Nov 27, 2025, at 10:00 Singapore Standard Time. Location: bilik petaling, kelab shah alam selangor, no. 1a, jalan aerobik 13/43, persiaran kayangan, selangor darul ehsan, 40704 shah alam Malaysia Reported Earnings • Aug 28
Full year 2025 earnings released: EPS: RM0.072 (vs RM0.078 in FY 2024) Full year 2025 results: EPS: RM0.072 (down from RM0.078 in FY 2024). Revenue: RM38.4m (down 1.0% from FY 2024). Net income: RM4.55m (down 8.2% from FY 2024). Profit margin: 12% (down from 13% in FY 2024). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Non Executive Director Edeleen Binti Dell Akbar was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 28
Third quarter 2025 earnings released: EPS: RM0.006 (vs RM0.061 in 3Q 2024) Third quarter 2025 results: EPS: RM0.006 (down from RM0.061 in 3Q 2024). Revenue: RM7.17m (down 24% from 3Q 2024). Net income: RM379.0k (down 90% from 3Q 2024). Profit margin: 5.3% (down from 41% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. New Risk • May 20
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 9.4% 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 Market cap is less than US$10m (RM34.3m market cap, or US$8.00m). Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Large one-off items impacting financial results. Reported Earnings • Feb 26
Second quarter 2025 earnings released: EPS: RM0.01 (vs RM0.003 in 2Q 2024) Second quarter 2025 results: EPS: RM0.01 (up from RM0.003 in 2Q 2024). Revenue: RM9.30m (up 2.3% from 2Q 2024). Net income: RM662.0k (up 304% from 2Q 2024). Profit margin: 7.1% (up from 1.8% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 03
Full year 2024 earnings released: EPS: RM0.078 (vs RM0.042 in FY 2023) Full year 2024 results: EPS: RM0.078 (up from RM0.042 in FY 2023). Revenue: RM38.8m (up 3.9% from FY 2023). Net income: RM4.95m (up 85% from FY 2023). Profit margin: 13% (up from 7.2% in FY 2023). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Tillkännagivande • Oct 25
B.I.G. Industries Berhad, Annual General Meeting, Nov 27, 2024 B.I.G. Industries Berhad, Annual General Meeting, Nov 27, 2024, at 10:00 Singapore Standard Time. Location: bilik petaling, kelab shah alam selangor, no. 1a, jalan aerobik 13/43, persiaran kayangan, 40704 shah alam, selangor darul ehsan, Malaysia Reported Earnings • May 29
Third quarter 2024 earnings released: EPS: RM0.061 (vs RM0.008 in 3Q 2023) Third quarter 2024 results: EPS: RM0.061 (up from RM0.008 in 3Q 2023). Revenue: RM14.7m (up 59% from 3Q 2023). Net income: RM3.88m (up RM3.39m from 3Q 2023). Profit margin: 27% (up from 5.3% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 01
Second quarter 2024 earnings released: EPS: RM0.003 (vs RM0.001 in 2Q 2023) Second quarter 2024 results: EPS: RM0.003 (up from RM0.001 in 2Q 2023). Revenue: RM9.39m (down 1.7% from 2Q 2023). Net income: RM164.0k (up 93% from 2Q 2023). Profit margin: 1.7% (up from 0.9% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 30
First quarter 2024 earnings released: EPS: RM0.008 (vs RM0.012 in 1Q 2023) First quarter 2024 results: EPS: RM0.008 (down from RM0.012 in 1Q 2023). Revenue: RM9.43m (flat on 1Q 2023). Net income: RM510.0k (down 31% from 1Q 2023). Profit margin: 5.4% (down from 7.8% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. New Risk • Nov 09
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 38% 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 Market cap is less than US$10m (RM46.3m market cap, or US$9.87m). Minor Risk Large one-off items impacting financial results. Tillkännagivande • Oct 27
B.I.G. Industries Berhad, Annual General Meeting, Nov 28, 2023 B.I.G. Industries Berhad, Annual General Meeting, Nov 28, 2023, at 10:00 Singapore Standard Time. Location: Bilik Petaling, Kelab Shah Alam Selangor, No. 1A, Jalan Aerobik 13/43 Persiaran Kayangan, 40704 Shah Alam SELANGOR DARUL EHSAN Malaysia Agenda: To receive the Audited Financial Statements of the Company for the financial year ended 30 June 2023 and the Directors' and Auditors' Reports thereon; to approve the payment of Directors' fees and benefits payable to the Non-Executive Directors of upto an aggregate amount of RM260,000 for the period from this Annual General Meeting until the conclusion of the next AGM; to re-elect Datuk Lee Chuen Wan who retires pursuant to Clause 95 of the Company's Constitution and being eligible offers himself for re-election; to re-elect Ms Choong Wye Lin who retires pursuant to Clause 95 of the Company's Constitution and being eligible offers herself for re-election; to re-appoint Messrs Baker Tilly Monteiro Heng PLT as the Company's Auditors and to authorise the Directors to fix their remuneration; and to consider other matters. Tillkännagivande • Sep 26
B.I.G. Industries Berhad Announces Resignation of Leong Kah Mun as Independent and Non Executive Member of Risk Committee B.I.G. Industries Berhad announced resignation of Mr. Leong Kah Mun as Independent and Non Executive Member of Risk Committee. Age is 54. Nationality is Malaysia. Date of change is 25 September 2023. Composition of Risk Committee(Name and Directorate of members after change): Choong Wye Lin (Chairman, Executive Director); Lau Chia En (Member, Senior Independent Non-Executive Director) and Edeleen Binti Dell Akbar (Member, Independent Non-Executive Director). Reported Earnings • Aug 25
Full year 2023 earnings released: EPS: RM0.042 (vs RM0.064 in FY 2022) Full year 2023 results: EPS: RM0.042 (down from RM0.064 in FY 2022). Revenue: RM38.8m (down 2.7% from FY 2022). Net income: RM2.64m (down 29% from FY 2022). Profit margin: 6.8% (down from 9.3% in FY 2022). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 26
Third quarter 2023 earnings released: EPS: RM0.008 (vs RM0.009 in 3Q 2022) Third quarter 2023 results: EPS: RM0.008 (down from RM0.009 in 3Q 2022). Revenue: RM9.72m (up 8.1% from 3Q 2022). Net income: RM490.0k (down 4.5% from 3Q 2022). Profit margin: 5.0% (down from 5.7% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 27
Second quarter 2023 earnings released: EPS: RM0.001 (vs RM0.038 in 2Q 2022) Second quarter 2023 results: EPS: RM0.001 (down from RM0.038 in 2Q 2022). Revenue: RM9.90m (down 14% from 2Q 2022). Net income: RM85.0k (down 96% from 2Q 2022). Profit margin: 0.9% (down from 18% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 25
First quarter 2023 earnings released: EPS: RM0.012 (vs RM0.015 in 1Q 2022) First quarter 2023 results: EPS: RM0.012 (down from RM0.015 in 1Q 2022). Revenue: RM9.80m (up 4.0% from 1Q 2022). Net income: RM735.0k (down 4.3% from 1Q 2022). Profit margin: 7.5% (down from 8.2% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 28
Full year 2022 earnings released: EPS: RM0.064 (vs RM0.004 loss in FY 2021) Full year 2022 results: EPS: RM0.064 (up from RM0.004 loss in FY 2021). Revenue: RM39.8m (up 25% from FY 2021). Net income: RM3.70m (up RM3.89m from FY 2021). Profit margin: 9.3% (up from net loss in FY 2021). 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 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 26
Full year 2022 earnings released: EPS: RM0.069 (vs RM0.004 loss in FY 2021) Full year 2022 results: EPS: RM0.069 (up from RM0.004 loss in FY 2021). Revenue: RM43.1m (up 35% from FY 2021). Net income: RM4.03m (up RM4.23m from FY 2021). Profit margin: 9.4% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 26
Third quarter 2022 earnings released: EPS: RM0.009 (vs RM0 in 3Q 2021) Third quarter 2022 results: EPS: RM0.009 (up from RM0 in 3Q 2021). Revenue: RM9.70m (up 19% from 3Q 2021). Net income: RM513.0k (up RM502.0k from 3Q 2021). Profit margin: 5.3% (up from 0.1% in 3Q 2021). 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 32% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 25
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: RM0.038 (up from RM0.012 in 2Q 2021). Revenue: RM13.2m (up 38% from 2Q 2021). Net income: RM2.06m (up 232% from 2Q 2021). Profit margin: 16% (up from 6.5% in 2Q 2021). Revenue was in line with analyst estimates. 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 25% per year, which means it is well ahead of earnings. Reported Earnings • Nov 25
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: RM0.015 (up from RM0.006 in 1Q 2021). Revenue: RM9.83m (up 10% from 1Q 2021). Net income: RM768.0k (up 157% from 1Q 2021). Profit margin: 7.8% (up from 3.4% in 1Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 60% per year, which means it is well ahead of earnings. Reported Earnings • Sep 16
Full year 2021 earnings released: RM0.004 loss per share (vs RM0.037 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: RM33.5m (up 1.7% from FY 2020). Net loss: RM197.0k (loss narrowed 89% from FY 2020). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jul 31
High number of new directors Independent & Non Executive Chairman Chuen Lee was the last director to join the board, commencing their role in 2021. Executive Departure • Apr 09
Independent Non-Executive Chairman Ban Lau has left the company On the 31st of March, Ban Lau's tenure as Independent Non-Executive Chairman ended after 14.1 years in the role. As of December 2020, Ban personally held 8.29m shares (RM3.8m worth at the time). Ban is the only executive to leave the company over the last 12 months. Reported Earnings • Feb 28
Second quarter 2021 earnings released: EPS RM0.012 (vs RM0.004 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RM9.59m (up 7.0% from 2Q 2020). Net income: RM620.0k (up RM800.0k from 2Q 2020). Profit margin: 6.5% (up from net loss in 2Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 15
New 90-day high: RM0.60 The company is up 43% from its price of RM0.42 on 17 November 2020. The Malaysian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 16% over the same period. Is New 90 Day High Low • Jan 27
New 90-day high: RM0.57 The company is up 36% from its price of RM0.42 on 28 October 2020. The Malaysian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 31% over the same period. Is New 90 Day High Low • Dec 18
New 90-day high: RM0.47 The company is up 3.0% from its price of RM0.45 on 18 September 2020. The Malaysian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 37% over the same period. Reported Earnings • Nov 26
First quarter 2021 earnings released: EPS RM0.006 The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: RM8.92m (down 17% from 1Q 2020). Net income: RM299.0k (down 40% from 1Q 2020). Profit margin: 3.4% (down from 4.7% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.