Major Estimate Revision • 9h
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from RM292.3m to RM303.3m. EPS estimate increased from RM0.022 to RM0.025 per share. Net income forecast to grow 30% next year vs 23% growth forecast for Electronic industry in Malaysia. Consensus price target up from RM0.56 to RM0.62. Share price rose 6.4% to RM0.58 over the past week. Tillkännagivande • Jul 04
QES Group Berhad has filed a Follow-on Equity Offering in the amount of MYR 44.136418 million. QES Group Berhad has filed a Follow-on Equity Offering in the amount of MYR 44.136418 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 83,276,260
Price\Range: MYR 0.53
Transaction Features: Subsequent Direct Listing Price Target Changed • May 28
Price target increased by 9.9% to RM0.56 Up from RM0.51, the current price target is an average from 3 analysts. New target price is 16% above last closing price of RM0.48. Stock is up 33% over the past year. The company is forecast to post earnings per share of RM0.022 for next year compared to RM0.02 last year. Reported Earnings • May 24
First quarter 2026 earnings released: EPS: RM0.004 (vs RM0.001 in 1Q 2025) First quarter 2026 results: EPS: RM0.004 (up from RM0.001 in 1Q 2025). Revenue: RM58.3m (up 27% from 1Q 2025). Net income: RM3.70m (up 304% from 1Q 2025). Profit margin: 6.3% (up from 2.0% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 14% 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. Price Target Changed • May 22
Price target increased by 9.4% to RM0.51 Up from RM0.46, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of RM0.51. Stock is up 31% over the past year. The company is forecast to post earnings per share of RM0.022 for next year compared to RM0.02 last year. Tillkännagivande • Apr 27
QES Group Berhad, Annual General Meeting, Jun 26, 2026 QES Group Berhad, Annual General Meeting, Jun 26, 2026, at 10:00 Singapore Standard Time. Location: corporate meetings by envivo, ground floor, lobby 1, crystal plaza, no. 4, jalan 51a/223, 46100 petaling jaya, selangor, Malaysia Buy Or Sell Opportunity • Apr 22
Now 22% overvalued Over the last 90 days, the stock has fallen 2.3% to RM0.43. The fair value is estimated to be RM0.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 21%. For the next 3 years, revenue is forecast to grow by 7.5% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Declared Dividend • Mar 01
Dividend of RM0.0075 announced Shareholders will receive a dividend of RM0.0075. Ex-date: 13th March 2026 Payment date: 30th March 2026 Dividend yield will be 1.8%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 55% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 28
Full year 2025 earnings released: EPS: RM0.02 (vs RM0.021 in FY 2024) Full year 2025 results: EPS: RM0.02 (down from RM0.021 in FY 2024). Revenue: RM266.8m (down 1.0% from FY 2024). Net income: RM16.3m (down 5.7% from FY 2024). Profit margin: 6.1% (down from 6.4% in FY 2024). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Electronic 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 13% per year, which means it has not declined as severely as earnings. Tillkännagivande • Feb 27
QES Group Berhad announces Annual dividend, payable on March 30, 2026 QES Group Berhad announced Annual dividend of MYR 0.0075 per share payable on March 30, 2026, ex-date on March 13, 2026 and record date on March 16, 2026. Tillkännagivande • Nov 22
QES Group Berhad Reports Consolidated Property, Plant and Equipment Written Off for the Third Quarter Ended 30 September 2025 QES Group Berhad reported consolidated Property, plant and equipment written off for the third quarter ended 30 September 2025. For the quarter, the company reported Property, plant and equipment written off of MYR 32,000 against MYR 1,000 a year ago. Reported Earnings • Nov 19
Third quarter 2025 earnings released: EPS: RM0.005 (vs RM0.001 in 3Q 2024) Third quarter 2025 results: EPS: RM0.005 (up from RM0.001 in 3Q 2024). Revenue: RM68.5m (up 17% from 3Q 2024). Net income: RM3.71m (up 201% from 3Q 2024). Profit margin: 5.4% (up from 2.1% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Electronic industry in Malaysia. 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 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: RM0.005 (vs RM0.008 in 2Q 2024) Second quarter 2025 results: EPS: RM0.005 (down from RM0.008 in 2Q 2024). Revenue: RM77.4m (up 14% from 2Q 2024). Net income: RM4.43m (down 30% from 2Q 2024). Profit margin: 5.7% (down from 9.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic 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 9% per year, which means it has not declined as severely as earnings. New Risk • Jun 21
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 8.7% 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 (8.7% average weekly change). Market cap is less than US$100m (RM300.0m market cap, or US$70.5m). Major Estimate Revision • May 30
Consensus revenue estimates fall by 16% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from RM303.6m to RM255.8m. EPS estimate fell from RM0.029 to RM0.017 per share. Net income forecast to grow 5.1% next year vs 16% growth forecast for Electronic industry in Malaysia. Consensus price target down from RM0.53 to RM0.47. Share price fell 7.8% to RM0.35 over the past week. Reported Earnings • May 04
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: RM0.021 (down from RM0.022 in FY 2023). Revenue: RM269.6m (up 12% from FY 2023). Net income: RM17.3m (down 6.2% from FY 2023). Profit margin: 6.4% (down from 7.7% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electronic industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 11% per year and the company’s share price has also fallen by 11% per year. Tillkännagivande • Apr 25
QES Group Berhad, Annual General Meeting, Jun 18, 2025 QES Group Berhad, Annual General Meeting, Jun 18, 2025, at 10:00 Singapore Standard Time. Location: ballroom iii, tropicana golf & country club, jalan kelab tropicana, 47410 petaling jaya, selangor, Malaysia Declared Dividend • Mar 01
Final dividend of RM0.003 announced Shareholders will receive a dividend of RM0.003. Ex-date: 14th March 2025 Payment date: 28th March 2025 Dividend yield will be 1.2%, which is lower than the industry average of 2.3%. New Risk • Jan 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: RM450.4m (US$100.0m) 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 Risk High level of non-cash earnings (22% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (5.2% net profit margin). Market cap is less than US$100m (RM450.4m market cap, or US$100.0m). Price Target Changed • Dec 11
Price target decreased by 7.1% to RM0.80 Down from RM0.86, the current price target is an average from 3 analysts. New target price is 41% above last closing price of RM0.57. Stock is up 16% over the past year. The company is forecast to post earnings per share of RM0.03 for next year compared to RM0.022 last year. Major Estimate Revision • Nov 25
Consensus revenue estimates decrease by 12% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from RM295.4m to RM259.9m. EPS estimate unchanged from RM0.03 per share at last update. Electronic industry in Malaysia expected to see average net income growth of 27% next year. Consensus price target down from RM0.86 to RM0.84. Share price was steady at RM0.51 over the past week. New Risk • Nov 19
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (5.2% net profit margin). Market cap is less than US$100m (RM433.8m market cap, or US$96.9m). New Risk • Oct 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: RM421.2m (US$98.2m) 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: Minor Risks Profit margins are more than 30% lower than last year (6.5% net profit margin). Market cap is less than US$100m (RM421.2m market cap, or US$98.2m). Reported Earnings • Aug 22
Second quarter 2024 earnings released: EPS: RM0.008 (vs RM0.008 in 2Q 2023) Second quarter 2024 results: EPS: RM0.008 (in line with 2Q 2023). Revenue: RM68.0m (up 1.6% from 2Q 2023). Net income: RM6.37m (down 7.4% from 2Q 2023). Profit margin: 9.4% (in line with 2Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Jul 11
High number of new directors Independent Non Executive Director . Gunasegaran was the last director to join the board, commencing their role in 2024. Major Estimate Revision • May 27
Consensus EPS estimates increase by 26%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from RM305.9m to RM298.3m. EPS estimate rose from RM0.034 to RM0.043. Net income forecast to grow 46% next year vs 27% growth forecast for Electronic industry in Malaysia. Consensus price target up from RM0.72 to RM0.85. Share price rose 4.5% to RM0.70 over the past week. Reported Earnings • May 21
First quarter 2024 earnings released: EPS: RM0.003 (vs RM0.006 in 1Q 2023) First quarter 2024 results: EPS: RM0.003 (down from RM0.006 in 1Q 2023). Revenue: RM56.4m (down 1.5% from 1Q 2023). Net income: RM2.51m (down 47% from 1Q 2023). Profit margin: 4.4% (down from 8.3% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Electronic industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Price Target Changed • May 21
Price target increased by 18% to RM0.85 Up from RM0.72, the current price target is provided by 1 analyst. New target price is 32% above last closing price of RM0.65. Stock is up 23% over the past year. The company is forecast to post earnings per share of RM0.043 for next year compared to RM0.022 last year. Tillkännagivande • May 01
QES Group Berhad, Annual General Meeting, May 31, 2024 QES Group Berhad, Annual General Meeting, May 31, 2024, at 10:00 Singapore Standard Time. Agenda: To consider the Audited Financial Statements of the Company and the Group for the financial year ended 31 December 2023 together with the Reports of the Directors and the Auditors thereon; to consider and approve the payment of Directors fees; to consider and re-appoint Messrs. KPMG PLT as Auditors of the Company and to authorise the Directors to fix their remuneration; and to consider and approve the other business matters. New Risk • Apr 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: RM467.1m (US$97.7m) 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. This is currently the only risk that has been identified for the company. Declared Dividend • Feb 26
Dividend of RM0.005 announced Shareholders will receive a dividend of RM0.005. Ex-date: 14th March 2024 Payment date: 29th March 2024 Dividend yield will be 0.9%, which is lower than the industry average of 2.3%. Payout Ratios Payout ratio: 19%. Cash payout ratio: 106%. Reported Earnings • Feb 24
Full year 2023 earnings released: EPS: RM0.022 (vs RM0.032 in FY 2022) Full year 2023 results: EPS: RM0.022 (down from RM0.032 in FY 2022). Revenue: RM240.7m (down 9.0% from FY 2022). Net income: RM18.5m (down 30% from FY 2022). Profit margin: 7.7% (down from 10.0% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 24
Third quarter 2023 earnings released: EPS: RM0.005 (vs RM0.011 in 3Q 2022) Third quarter 2023 results: EPS: RM0.005 (down from RM0.011 in 3Q 2022). Revenue: RM54.2m (down 25% from 3Q 2022). Net income: RM4.31m (down 55% from 3Q 2022). Profit margin: 8.0% (down from 13% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Electronic industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Aug 23
QES Group Berhad Reports Property, Plant and Equipment Written Off for the Quarter Ended June 30, 2023 QES Group Berhad reported Property, plant and equipment written off for the quarter ended June 30, 2023. For the quarter, the company reported Property, plant and equipment written off of MYR 2,000. Reported Earnings • Aug 23
Second quarter 2023 earnings released: EPS: RM0.008 (vs RM0.006 in 2Q 2022) Second quarter 2023 results: EPS: RM0.008 (up from RM0.006 in 2Q 2022). Revenue: RM67.0m (up 26% from 2Q 2022). Net income: RM6.88m (up 46% from 2Q 2022). Profit margin: 10% (up from 8.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 37% 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 • May 20
First quarter 2023 earnings released: EPS: RM0.006 (vs RM0.008 in 1Q 2022) First quarter 2023 results: EPS: RM0.006 (down from RM0.008 in 1Q 2022). Revenue: RM57.3m (down 14% from 1Q 2022). Net income: RM4.76m (down 29% from 1Q 2022). Profit margin: 8.3% (down from 10% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Electronic industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Feb 27
Price target increased by 12% to RM0.72 Up from RM0.64, the current price target is an average from 3 analysts. New target price is 12% above last closing price of RM0.65. Stock is up 28% over the past year. The company is forecast to post earnings per share of RM0.032 for next year compared to RM0.032 last year. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: RM0.032 (vs RM0.023 in FY 2021) Full year 2022 results: EPS: RM0.032 (up from RM0.023 in FY 2021). Revenue: RM264.4m (up 19% from FY 2021). Net income: RM26.4m (up 39% from FY 2021). Profit margin: 10.0% (up from 8.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Electronic industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Nov 29
Consensus EPS estimates increase by 16% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from RM254.5m to RM257.9m. EPS estimate increased from RM0.03 to RM0.03 per share. Net income forecast to grow 7.8% next year vs 9.8% growth forecast for Electronic industry in Malaysia. Consensus price target broadly unchanged at RM0.64. Share price was steady at RM0.56 over the past week. Reported Earnings • Nov 23
Third quarter 2022 earnings released: EPS: RM0.011 (vs RM0.005 in 3Q 2021) Third quarter 2022 results: EPS: RM0.011 (up from RM0.005 in 3Q 2021). Revenue: RM72.0m (up 39% from 3Q 2021). Net income: RM9.52m (up 152% from 3Q 2021). Profit margin: 13% (up from 7.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Malaysia. 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 37% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Nov 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be RM0.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 46%. Revenue is forecast to grow by 21% in 2 years. Earnings is forecast to grow by 42% in the next 2 years. Tillkännagivande • Aug 25
QES Group Berhad Announces Resignation of Chew Ne Weng as Member of Remuneration Committee QES Group Berhad announced resignation of Mr. Chew Ne Weng, age 59, as Executive, Member of Remuneration Committee. Date of change is August 4, 2022. Composition of Remuneration Committee(Name and Directorate of members after change) Chairman: Hoh Chee Mun (Independent Non- Executive Director). Members: Maznida Binti Mokhtar (Independent Non- Executive Director), Wong Pek Yee (Independent Non- Executive Director). Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: RM0.006 (vs RM0.005 in 2Q 2021) Second quarter 2022 results: EPS: RM0.006 (up from RM0.005 in 2Q 2021). Revenue: RM53.1m (down 2.2% from 2Q 2021). Net income: RM4.73m (up 23% from 2Q 2021). Profit margin: 8.9% (up from 7.1% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 8.4%, compared to a 17% growth forecast for the Electronic industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 46% per year whereas the company’s share price has increased by 45% per year. Buying Opportunity • Aug 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 8.5%. The fair value is estimated to be RM0.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 46%. Revenue is forecast to grow by 19% in 2 years. Earnings is forecast to grow by 42% in the next 2 years. Reported Earnings • May 19
First quarter 2022 earnings released: EPS: RM0.008 (vs RM0.008 in 1Q 2021) First quarter 2022 results: EPS: RM0.008 (vs RM0.008 in 1Q 2021). Revenue: RM66.3m (up 26% from 1Q 2021). Net income: RM6.72m (down 3.2% from 1Q 2021). Profit margin: 10% (down from 13% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 5.4%, compared to a 19% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Apr 27
Price target increased to RM0.66 Up from RM0.24, the current price target is provided by 1 analyst. New target price is 17% above last closing price of RM0.56. Stock is down 19% over the past year. The company is forecast to post earnings per share of RM0.027 for next year compared to RM0.023 last year. Tillkännagivande • Feb 24
QES Group Berhad Announces Final Dividend for the Financial Year Ended December 31, 2021, Payable on March 31, 2022 QES Group Berhad announced final dividend of 0.40 sen per ordinary share in respect of the financial year ended December 31, 2021, payable on March 31, 2022. Entitlement date to be March 10, 2022. Ex-date to be March 9, 2022.