Board Change • Mar 01
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. 5 highly experienced directors. Non-Executive Independent Director Isharidah Ishak was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Feb 25
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 8.9% 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: Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (RM218.0m market cap, or US$56.1m). Reported Earnings • Feb 25
Second quarter 2026 earnings released: EPS: RM0.006 (vs RM0.008 in 2Q 2025) Second quarter 2026 results: EPS: RM0.006 (down from RM0.008 in 2Q 2025). Revenue: RM38.7m (down 14% from 2Q 2025). Net income: RM1.67m (down 27% from 2Q 2025). Profit margin: 4.3% (down from 5.1% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to RM1.13, the stock trades at a trailing P/E ratio of 35.8x. Average trailing P/E is 18x in the Electronic industry in Malaysia. Total returns to shareholders of 86% over the past three years. Reported Earnings • Nov 04
Full year 2025 earnings released: EPS: RM0.035 (vs RM0.028 in FY 2024) Full year 2025 results: EPS: RM0.035 (up from RM0.028 in FY 2024). Revenue: RM163.2m (down 14% from FY 2024). Net income: RM9.43m (up 26% from FY 2024). Profit margin: 5.8% (up from 3.9% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Tillkännagivande • Oct 30
Globaltec Formation Berhad, Annual General Meeting, Nov 28, 2025 Globaltec Formation Berhad, Annual General Meeting, Nov 28, 2025, at 14:30 Singapore Standard Time. Location: grand podium, level 7, holiday inn kuala lumpur bangsar, no. 18, menara alfa bangsar, jalan maarof, 59100 kuala lumpur, Malaysia Declared Dividend • Oct 09
Dividend of RM0.007 announced Dividend of RM0.007 is the same as last year. Ex-date: 23rd October 2025 Payment date: 18th November 2025 Dividend yield will be 1.3%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is covered by earnings (20% 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 46 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 32% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 30
Full year 2025 earnings released: EPS: RM0.035 (vs RM0.028 in FY 2024) Full year 2025 results: EPS: RM0.035 (up from RM0.028 in FY 2024). Revenue: RM163.2m (down 14% from FY 2024). Net income: RM9.43m (up 26% from FY 2024). Profit margin: 5.8% (up from 3.9% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Tillkännagivande • Jun 04
Oasis Harvest Corporation Berhad (KLSE:OASIS) agreed to acquire 45% stake in Metta Food & Lifestyle Sdn Bhd from Globaltec Formation Berhad (KLSE:GLOTEC) for MYR 22 million. Oasis Harvest Corporation Berhad (KLSE:OASIS) agreed to acquire 45% stake in Metta Food & Lifestyle Sdn Bhd from Globaltec Formation Berhad (KLSE:GLOTEC) for MYR 22 million on June 3, 2025. The transaction will be funded through a combination of disposal proceeds and bank borrowings of MYR 6 million and MYR 24.8 million. In related transactions, Oasis Harvest Corporation Berhad is acquiring the remaining 55% stake in Metta Food & Lifestyle Sdn Bhd from Tan Ooi Han, Andre Shum Khum Yuin, Wong Kok Chor, David Liew Poh Sun and Tan Tung Nguan for a combined consideration of MYR 30.8 million.
As of April 30, 2025, Metta Food & Lifestyle Sdn Bhd reported total common equity of MYR 24.54 million.
The transaction is subject to approval of merger agreement by the board of Globaltec Formation Berhad, approval of offer by the shareholders of Oasis Harvest Corporation Berhad, approval/consents of lenders/creditors and consummation of due diligence investigation.
UOB Kay Hian Securities Sdn Bhd. acted as financial advisor for Oasis Harvest Corporation Berhad. SCS Global Advisory Sdn Bhd acted as financial advisor for Oasis Harvest Corporation Berhad. Reported Earnings • May 22
Third quarter 2025 earnings released: EPS: RM0.002 (vs RM0.005 in 3Q 2024) Third quarter 2025 results: EPS: RM0.002 (down from RM0.005 in 3Q 2024). Revenue: RM38.4m (down 18% from 3Q 2024). Net income: RM494.0k (down 63% from 3Q 2024). Profit margin: 1.3% (down from 2.8% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 23
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: RM45.1m (down 5.7% from 2Q 2024). Net income: RM2.28m (down 4.2% from 2Q 2024). Profit margin: 5.1% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 28% 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. New Risk • Jan 29
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 6.8% 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: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (RM129.2m market cap, or US$29.4m). Tillkännagivande • Jan 02
Globaltec Formation Berhad Announces Appointment of Datin Isharidah Binti Ishak as Independent and Non Executive Director Globaltec Formation Berhad announced appointment of Datin Isharidah Binti Ishak as Independent and Non Executive Independent Director. Date of change: January 2, 2025; Age: 62; Professional Qualification in Advocate & Solicitor of the High Court of Malaya from Malaysian Bar Council; Professional Qualification in Barrister at Law from Lincoln's Inn; Degree in LL.B (Hons) from Queen Mary College, London University; Diploma in Syariah Law & Practice from International Islamic University Malaysia; Working experience and occupation: Datin Isharidah binti Ishak (“Datin Isharidah”) holds an LL.B (Hons) from Queen Mary University of London and was called to the Bar at the Honourable Society of Lincoln’s Inn in 1985. The following year, she was admitted to the Malaysian Bar and practiced for over 38 years, focusing in areas of conveyancing, corporate, and civil litigation, as well as advisory services for Syariah law. During her various tenures between 2003 to 2019, she served as a board member of the Advocates & Solicitors Disciplinary Board, where she was also a member of the Administration and Finance Committee. In year 2000, she was accredited as a mediator on the Malaysian Mediation Centre’s panel. In year 2013, she became a member of the Society of Trust and Estate Practitioners, focusing on probate and estate work and advising on wealth structuring. During 2013 to 2019, she served as a Specialist Advisor to the Labuan International Business and Financial Centre (LIBFC) where she conducted various speaking engagements, seminars, and workshops both locally and internationally to promote wealth structuring through LIBFC. In addition to the aforementioned, Datin Isharidah has gained extensive professional experience through the following roles: Lecturer for the Bar Council Ethics Lecture Programme • Independent Non-Executive Director of Axcelasia Inc., a company listed on the Catalist Board of the Singapore Exchange • Founding Committee Member of the Lincoln’s Inn Alumni Association of Malaysia • Former member of the Bar Council’s Professional Development Committee and the Bar Council’s Alternative Dispute Resolution Committee • Adjudicator for compensation claims made by the public on the Bar Council’s Compensation Fund; Datin Isharidah is presently a consultant (since 2006) at M/s Isharidah, Ho, Chong & Menon, where she previously served as a partner since 1988. She is also an Independent Non-Executive Director of Move Digital Sdn. Bhd. Reported Earnings • Nov 30
First quarter 2025 earnings released: EPS: RM0.005 (vs RM0.005 in 1Q 2024) First quarter 2025 results: EPS: RM0.005 (in line with 1Q 2024). Revenue: RM44.0m (down 11% from 1Q 2024). Net income: RM1.40m (up 5.4% from 1Q 2024). Profit margin: 3.2% (up from 2.7% in 1Q 2024). The increase in margin was driven by lower expenses. 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 6% per year, which means it has not declined as severely as earnings. Tillkännagivande • Oct 30
Globaltec Formation Berhad, Annual General Meeting, Nov 29, 2024 Globaltec Formation Berhad, Annual General Meeting, Nov 29, 2024, at 14:30 Singapore Standard Time. Location: dewan tan sri yeoh tiong lay (grand ballroom), gabungan pertubuhan cina malaysia, wisma huazong, lot 15285, 0.7km, lebuhraya sungai besi, 43300 seri kembangan, selangor darul ehsan, Malaysia Declared Dividend • Oct 11
Dividend reduced to RM0.007 Dividend of RM0.007 is 36% lower than last year. Ex-date: 24th October 2024 Payment date: 19th November 2024 Dividend yield will be 1.5%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 39% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 29
Full year 2024 earnings released: EPS: RM0.028 (vs RM0.038 in FY 2023) Full year 2024 results: EPS: RM0.028 (down from RM0.038 in FY 2023). Revenue: RM190.0m (down 10.0% from FY 2023). Net income: RM7.46m (down 27% from FY 2023). Profit margin: 3.9% (down from 4.8% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Board Change • Jul 31
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. 1 experienced director. 5 highly experienced directors. Independent & Non Executive Director Teck Lee was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jul 25
Globaltec Formation Berhad Announces Resignation of Au Peck Wai as Independent and Non-Executive Independent Director Globaltec Formation Berhad announced resignation of Miss. Au Peck Wai as Independent and Non-Executive Independent Director. Date of change is 23 July 2024. Age: 46; Reason: To dedicate more time for other personal commitments. Reported Earnings • May 30
Third quarter 2024 earnings released: EPS: RM0.005 (vs RM0.006 in 3Q 2023) Third quarter 2024 results: EPS: RM0.005 (down from RM0.006 in 3Q 2023). Revenue: RM46.6m (down 12% from 3Q 2023). Net income: RM1.32m (down 24% from 3Q 2023). Profit margin: 2.8% (down from 3.3% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Feb 24
Second quarter 2024 earnings released: EPS: RM0.009 (vs RM0.011 in 2Q 2023) Second quarter 2024 results: EPS: RM0.009 (down from RM0.011 in 2Q 2023). Revenue: RM47.8m (down 15% from 2Q 2023). Net income: RM2.38m (down 22% from 2Q 2023). Profit margin: 5.0% (down from 5.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. New Risk • Dec 05
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (4.1% net profit margin). Market cap is less than US$100m (RM153.4m market cap, or US$32.9m). Reported Earnings • Dec 01
First quarter 2024 earnings released: EPS: RM0.005 (vs RM0.011 in 1Q 2023) First quarter 2024 results: EPS: RM0.005 (down from RM0.011 in 1Q 2023). Revenue: RM49.6m (down 5.3% from 1Q 2023). Net income: RM1.33m (down 56% from 1Q 2023). Profit margin: 2.7% (down from 5.8% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Tillkännagivande • Oct 31
Globaltec Formation Berhad, Annual General Meeting, Nov 30, 2023 Globaltec Formation Berhad, Annual General Meeting, Nov 30, 2023, at 14:30 Singapore Standard Time. Agenda: To receive the Audited Financial Statements for the financial year ended 30 June 2023 together with the Reports of Directors and Auditors thereon; to approve the payment of Directors' fees to the Non-Executive Directors of RM14,000 for their services from 1 October 2023 until the date of this annual general meeting in excess of the current approved limit; to approve the payment of Directors' fees to the Non-Executive Directors up to an amount of RM210,000 from 1 December 2023 until the next annual general meeting of the Company; to re-elect the directors; and to consider other business matters. Upcoming Dividend • Oct 19
Upcoming dividend of RM0.011 per share at 1.8% yield Eligible shareholders must have bought the stock before 26 October 2023. Payment date: 20 November 2023. Payout ratio is a comfortable 29% but the company is paying out more than the cash it is generating. Trailing yield: 1.8%. Lower than top quartile of Malaysian dividend payers (5.2%). Lower than average of industry peers (2.3%). Tillkännagivande • Oct 11
Globaltec Formation Berhad Announces Final Single Tier Dividend for the Financial Year Ended 30 June 2023, Payable on 20 Nov. 2023 Globaltec Formation Berhad announced final Single Tier Dividend of MYR 0.011 per ordinary share for the financial year ended 30 June 2023. Ex-Date: 26 Oct 2023. Entitlement date: 27 Oct 2023. Payment Date: 20 Nov. 2023. Reported Earnings • Aug 25
Full year 2023 earnings released: EPS: RM0.038 (vs RM0.062 in FY 2022) Full year 2023 results: EPS: RM0.038 (down from RM0.062 in FY 2022). Revenue: RM211.5m (up 15% from FY 2022). Net income: RM10.2m (down 39% from FY 2022). Profit margin: 4.8% (down from 9.0% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Aug 25
Globaltec Formation Berhad Declares Single-Tier Dividend for the Financial Year Ended 30 June 2023 The Board of Directors of Globaltec Formation Berhad declared a single-tier dividend of 1.1 sen per ordinary share for the financial year ended 30 June 2023. The entitlement date and payment date will be announced at a later date. Tillkännagivande • May 31
Globaltec Formation Berhad Announces Appointment of Miss Au Peck Wai as Independent and Non Executive Director Globaltec Formation Berhad announced appointment of MISS AU PECK WAI as Independent and Non Executive Director. Date of change is May 30, 2023. Age is 45. Qualification includes ICSA from Kinabalu Commercial College, Business Administration (Major in Accounting - Final Year) from University of Hertfordshire, UK, Business Administration (Year 1 & 2) from Inti College Subang Jaya and A-Level /LCCI from Institute Sinaran (Intensive Class). Working experience and occupation: Ms Au Peck Wai ("Ms Au") began her career as an assistant company secretary at Codata Management & Services Sdn. Bhd., a company secretarial management firm located in Kota Kinabalu, Sabah. In year 2001, Ms Au obtained license as a company secretary from the Companies Commission of Malavsia and subsequently in year 2006, she was elected as an Associate member of the Malaysian Institute of Chartered Secretaries and Administrators. As a Chartered Secretary by profession, Ms Au has accumulated over 20 years of experience in mainstream corporate secretarial work. She is presently a director of Codata Management & Services Sdn. Bhd. Reported Earnings • May 30
Third quarter 2023 earnings released: EPS: RM0.006 (vs RM0.02 in 3Q 2022) Third quarter 2023 results: EPS: RM0.006 (down from RM0.02 in 3Q 2022). Revenue: RM52.9m (up 11% from 3Q 2022). Net income: RM1.74m (down 67% from 3Q 2022). Profit margin: 3.3% (down from 11% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 24
Second quarter 2023 earnings released: EPS: RM0.011 (vs RM0.019 in 2Q 2022) Second quarter 2023 results: EPS: RM0.011 (down from RM0.019 in 2Q 2022). Revenue: RM56.3m (up 5.9% from 2Q 2022). Net income: RM3.04m (down 41% from 2Q 2022). Profit margin: 5.4% (down from 9.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Dec 31
Globaltec Formation Berhad Announces the Resignation of Yong Nam Yun as Executive Alternate Director, December 31, 2022 Globaltec Formation Berhad announced the resignation of Mr. Yong Nam Yun as Executive Alternate Director. Age: 56. Date of change: December 31, 2022. Reason: Retirement from Globaltec Formation Berhad and its group of companies. Reported Earnings • Dec 03
First quarter 2023 earnings released: EPS: RM0.011 (vs RM0.005 in 1Q 2022) First quarter 2023 results: EPS: RM0.011 (up from RM0.005 in 1Q 2022). Revenue: RM52.4m (up 51% from 1Q 2022). Net income: RM3.03m (up 123% from 1Q 2022). Profit margin: 5.8% (up from 3.9% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Nov 16
Globaltec Formation Berhad Announces Declaration of Final Single-Tier Dividend Globaltec Formation Berhad's announcement on 11 October 2022 regarding the declaration of final single-tier dividend of MYR 0.018 per ordinary share, with the date of payment falls on 21 November 2022 (“Payment Date”), refers. Taking into consideration the coming General Election on 19 November 2022, in the event public holiday is to be declared on the Payment Date, the payment of dividend will be on the next market/business day. Reported Earnings • Nov 02
Full year 2022 earnings released: EPS: RM0.062 (vs RM0.072 in FY 2021) Full year 2022 results: EPS: RM0.062 (down from RM0.072 in FY 2021). Revenue: RM184.3m (up 14% from FY 2021). Net income: RM16.6m (down 14% from FY 2021). Profit margin: 9.0% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Nov 01
Globaltec Formation Berhad, Annual General Meeting, Nov 30, 2022 Globaltec Formation Berhad, Annual General Meeting, Nov 30, 2022, at 14:30 China 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 30 June 2022 together with the Reports of Directors and Auditors thereon; to approve the payment of Directors' fees to Non-Executive Directors up to an amount of RM168,000 from 1 December 2022 until the next Annual General Meeting of the Company; to approve the payment of Directors' benefits to Non-Executive Directors up to an amount of MYR 12,000 from 1 December 2022 until the next Annual General Meeting of the Company; to re-elect the directors; to consider the proposed retention of wong zee shin as independent director; to consider the authority to allot shares; and to transact any other business for which due notice shall have been given. Upcoming Dividend • Oct 21
Upcoming dividend of RM0.018 per share Eligible shareholders must have bought the stock before 27 October 2022. Payment date: 21 November 2022. Payout ratio is a comfortable 29% and the cash payout ratio is 78%. Trailing yield: 4.0%. Lower than top quartile of Malaysian dividend payers (5.3%). Higher than average of industry peers (3.5%). Tillkännagivande • Oct 12
Globaltec Formation Berhad Declares Final Single Tier Dividend for the Financial Year Ended 30 June 2022, Payable on 21 November 2022 Globaltec Formation Berhad declared Final Single Tier Dividend of RMB 0.018 per ordinary share for the financial year ended 30 June 2022. Scheduled dates are as follows: Entitlement date 28 October 2022, Ex-Date 27 October 2022 and Payment Date 21 November 2022. Reported Earnings • Aug 26
Full year 2022 earnings released: EPS: RM0.062 (vs RM0.072 in FY 2021) Full year 2022 results: EPS: RM0.062 (down from RM0.072 in FY 2021). Revenue: RM184.3m (up 14% from FY 2021). Net income: RM16.6m (down 14% from FY 2021). Profit margin: 9.0% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 27
Third quarter 2022 earnings released: EPS: RM0.02 (vs RM0.005 loss in 3Q 2021) Third quarter 2022 results: EPS: RM0.02 (up from RM0.005 loss in 3Q 2021). Revenue: RM47.6m (up 9.8% from 3Q 2021). Net income: RM5.25m (up RM6.62m from 3Q 2021). Profit margin: 11% (up from net loss in 3Q 2021). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 02
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: RM0.005 (down from RM0.04 in 1Q 2021). Revenue: RM34.7m (down 4.6% from 1Q 2021). Net income: RM1.36m (down 87% from 1Q 2021). Profit margin: 3.9% (down from 30% in 1Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 11
Full year 2021 earnings released: EPS RM0.076 (vs RM0.009 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: RM161.1m (down 1.7% from FY 2020). Net income: RM20.4m (up RM18.1m from FY 2020). Profit margin: 13% (up from 1.4% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 27
Second quarter 2021 earnings released: EPS RM0.022 (vs RM0.006 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: RM43.6m (down 11% from 2Q 2020). Net income: RM6.01m (up 244% from 2Q 2020). Profit margin: 14% (up from 3.6% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 25
New 90-day high: RM0.49 The company is up 14% from its price of RM0.43 on 27 October 2020. The Malaysian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 20% over the same period. Reported Earnings • Nov 28
First quarter 2021 earnings released: EPS RM0.04 The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: RM36.3m (down 31% from 1Q 2020). Net income: RM10.7m (up 438% from 1Q 2020). Profit margin: 30% (up from 3.8% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.