Price Target Changed • May 09
Price target increased by 7.5% to RM5.38 Up from RM5.01, the current price target is an average from 12 analysts. New target price is 17% above last closing price of RM4.61. Stock is up 21% over the past year. The company is forecast to post earnings per share of RM0.11 for next year compared to RM0.097 last year. Reported Earnings • May 07
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: RM0.026 (up from RM0.02 in 1Q 2025). Revenue: RM189.8m (up 43% from 1Q 2025). Net income: RM42.4m (up 36% from 1Q 2025). Profit margin: 22% (down from 23% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 23%. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Commercial Services industry in Malaysia. 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 18% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Apr 29
Frontken Corporation Berhad, Annual General Meeting, Jun 11, 2026 Frontken Corporation Berhad, Annual General Meeting, Jun 11, 2026, at 10:00 Singapore Standard Time. Location: imazium level 1, no. 8 jalan ss21/37, damansara uptown, 47400 petaling jaya selangor, Malaysia Reported Earnings • Feb 25
Full year 2025 earnings released: EPS: RM0.097 (vs RM0.087 in FY 2024) Full year 2025 results: EPS: RM0.097 (up from RM0.087 in FY 2024). Revenue: RM607.8m (up 6.8% from FY 2024). Net income: RM154.2m (up 13% from FY 2024). Profit margin: 25% (up from 24% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Commercial Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year. Buy Or Sell Opportunity • Jan 05
Now 21% overvalued Over the last 90 days, the stock has fallen 5.6% to RM4.20. The fair value is estimated to be RM3.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 6.5%. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 49% in the next 2 years. Buy Or Sell Opportunity • Dec 19
Now 21% overvalued Over the last 90 days, the stock has fallen 2.3% to RM4.26. The fair value is estimated to be RM3.52, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 6.5%. Revenue is forecast to grow by 41% in 2 years. Earnings are forecast to grow by 50% in the next 2 years. Buy Or Sell Opportunity • Dec 04
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at RM4.27. The fair value is estimated to be RM3.53, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 6.5%. Revenue is forecast to grow by 41% in 2 years. Earnings are forecast to grow by 50% in the next 2 years. Reported Earnings • Nov 01
Third quarter 2025 earnings released: EPS: RM0.029 (vs RM0.022 in 3Q 2024) Third quarter 2025 results: EPS: RM0.029 (up from RM0.022 in 3Q 2024). Revenue: RM161.9m (up 12% from 3Q 2024). Net income: RM45.8m (up 30% from 3Q 2024). Profit margin: 28% (up from 25% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Sep 25
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 9.7% to RM4.30. The fair value is estimated to be RM3.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has grown by 5.0%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 58% in the next 2 years. Declared Dividend • Aug 27
First half dividend increased to RM0.02 Dividend of RM0.02 is 18% higher than last year. Ex-date: 11th September 2025 Payment date: 7th October 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.0%. Payout Ratios Payout ratio: 46%. Cash payout ratio: 62%. Reported Earnings • Aug 06
Second quarter 2025 earnings released: EPS: RM0.021 (vs RM0.021 in 2Q 2024) Second quarter 2025 results: EPS: RM0.021 (in line with 2Q 2024). Revenue: RM156.4m (up 16% from 2Q 2024). Net income: RM33.5m (flat on 2Q 2024). Profit margin: 21% (down from 25% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Commercial Services industry in Asia. 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 17% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 07
First quarter 2025 earnings released: EPS: RM0.02 (vs RM0.019 in 1Q 2024) First quarter 2025 results: EPS: RM0.02 (up from RM0.019 in 1Q 2024). Revenue: RM132.6m (down 5.7% from 1Q 2024). Net income: RM31.1m (up 3.4% from 1Q 2024). Profit margin: 23% (up from 21% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Commercial Services industry in Asia. 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 13% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Apr 28
Frontken Corporation Berhad, Annual General Meeting, Jun 12, 2025 Frontken Corporation Berhad, Annual General Meeting, Jun 12, 2025, at 10:00 Singapore Standard Time. Location: imazium, level 1, no. 8, jalan ss21/37, damansara uptown, selangor, 47400 petaling jaya Malaysia New Risk • Apr 10
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 9.0% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to RM2.97, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 21x in the Commercial Services industry in Malaysia. Total returns to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM2.79 per share. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to RM3.73, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 22x in the Commercial Services industry in Malaysia. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM2.59 per share. Duyuru • Feb 28
Frontken Corporation Berhad Declares Single Tier Dividend for the Financial Year Ended 31 December 2024, Payable on 21 April 2025 The Board of Directors of Frontken Corporation Berhad to declare a Single Tier Dividend of 2.0 sen per share for the financial year ended 31 December 2024. The entitlement and payment date will be on 27 March 2025 and 21 April 2025 respectively. Reported Earnings • Feb 26
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: RM0.087 (up from RM0.071 in FY 2023). Revenue: RM569.2m (up 14% from FY 2023). Net income: RM136.8m (up 22% from FY 2023). Profit margin: 24% (up from 22% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Commercial Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 10% per year. Duyuru • Feb 25
Frontken Corporation Berhad Announces Resignation of Chew Mei Ling as Joint Secretary Frontken Corporation Berhad announced resignation of Chew Mei Ling as joint secretary. Date of change: February 25, 2025. Buy Or Sell Opportunity • Nov 06
Now 33% overvalued after recent price rise Over the last 90 days, the stock has risen 3.2% to RM4.18. The fair value is estimated to be RM3.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has grown by 4.9%. Revenue is forecast to grow by 50% in 2 years. Earnings are forecast to grow by 51% in the next 2 years. Reported Earnings • Oct 30
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: RM0.022 (up from RM0.017 in 3Q 2023). Revenue: RM144.3m (up 8.1% from 3Q 2023). Net income: RM35.3m (up 32% from 3Q 2023). Profit margin: 25% (up from 20% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 23%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Commercial Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has remained flat. Upcoming Dividend • Aug 23
Upcoming dividend of RM0.017 per share Eligible shareholders must have bought the stock before 30 August 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Malaysian dividend payers (4.7%). Lower than average of industry peers (1.9%). Reported Earnings • Aug 15
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: RM0.021 (up from RM0.02 in 2Q 2023). Revenue: RM134.9m (up 11% from 2Q 2023). Net income: RM33.3m (up 4.4% from 2Q 2023). Profit margin: 25% (down from 26% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 25%. Earnings per share (EPS) also missed analyst estimates by 44%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 7% per year. Duyuru • Aug 14
Frontken Corporation Berhad Declares Single Tier Dividend for the Financial Year Ending December 31, 2024 Frontken Corporation Berhad Board of Directors declared a Single Tier Dividend of 1.70 sen per share for the financial year ending December 31, 2024. The entitlement and payment dates will be announced at a later date. Buy Or Sell Opportunity • Aug 07
Now 22% overvalued Over the last 90 days, the stock has fallen 2.2% to RM4.04. The fair value is estimated to be RM3.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has grown by 8.2%. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 61% in the next 2 years. Reported Earnings • May 02
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: RM0.019 (up from RM0.015 in 1Q 2023). Revenue: RM140.5m (up 23% from 1Q 2023). Net income: RM30.1m (up 27% from 1Q 2023). Profit margin: 21% (in line with 1Q 2023). Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 33%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year. Duyuru • Apr 28
Frontken Corporation Berhad, Annual General Meeting, Jun 14, 2024 Frontken Corporation Berhad, Annual General Meeting, Jun 14, 2024, at 10:00 Singapore Standard Time. Location: Broadcast venue at Suite 301 Block F Pusat Dagangan Phileo Damansara 1 No. 9 Jalan 16/11 Off Jalan Damansara SELANGOR DARUL EHSAN Malaysia Agenda: To receive the Audited Financial Statements for the year ended 31 December 2023 together with the Reports of the Directors and the Auditors thereon; to re-elect the directors; to re-appoint Messrs Crowe Malaysia PLT as Auditors of the Company for the financial year ending 31 December 2024 and to authorize the Directors to fix their remuneration; and to consider other matters. Upcoming Dividend • Apr 08
Upcoming dividend of RM0.022 per share Eligible shareholders must have bought the stock before 15 April 2024. Payment date: 13 May 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Malaysian dividend payers (4.6%). Lower than average of industry peers (1.6%). Upcoming Dividend • Apr 05
Upcoming dividend of RM0.022 per share Eligible shareholders must have bought the stock before 12 April 2024. Payment date: 13 May 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Malaysian dividend payers (4.6%). Lower than average of industry peers (1.6%). Price Target Changed • Feb 24
Price target increased by 14% to RM4.27 Up from RM3.75, the current price target is an average from 7 analysts. New target price is 15% above last closing price of RM3.71. Stock is up 19% over the past year. The company is forecast to post earnings per share of RM0.11 for next year compared to RM0.071 last year. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: RM0.071 (vs RM0.078 in FY 2022) Full year 2023 results: EPS: RM0.071 (down from RM0.078 in FY 2022). Revenue: RM500.1m (down 3.3% from FY 2022). Net income: RM112.0m (down 9.2% from FY 2022). Profit margin: 22% (down from 24% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Commercial Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 11% 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 • Oct 26
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: RM0.017 (down from RM0.022 in 3Q 2022). Revenue: RM133.5m (flat on 3Q 2022). Net income: RM26.7m (down 23% from 3Q 2022). Profit margin: 20% (down from 26% in 3Q 2022). Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 26%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Commercial Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 10% per year. Price Target Changed • Sep 19
Price target increased by 7.4% to RM3.65 Up from RM3.40, the current price target is an average from 6 analysts. New target price is 14% above last closing price of RM3.20. Stock is up 17% over the past year. The company is forecast to post earnings per share of RM0.083 for next year compared to RM0.078 last year. Major Estimate Revision • Aug 08
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from RM599.1m to RM554.0m. EPS estimate also fell from RM0.094 per share to RM0.083 per share. Net income forecast to grow 29% next year vs 25% growth forecast for Commercial Services industry in Malaysia. Consensus price target up from RM3.40 to RM3.58. Share price rose 4.0% to RM3.40 over the past week. Reported Earnings • Aug 02
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: RM0.02 (in line with 2Q 2022). Revenue: RM121.2m (down 5.5% from 2Q 2022). Net income: RM31.9m (flat on 2Q 2022). Profit margin: 26% (up from 25% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Commercial Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 09
Upcoming dividend of RM0.026 per share at 1.3% yield Eligible shareholders must have bought the stock before 16 June 2023. Payment date: 13 July 2023. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Malaysian dividend payers (5.4%). Lower than average of industry peers (2.1%). Duyuru • Jun 02
Frontken Corporation Berhad Approves Payment of Dividend Frontken Corporation Berhad at its Annual General meeting held on 02 June 2023, approved payment of dividend of 2.6 sen per share . Duyuru • May 04
Frontken Corporation Berhad Appoints Mr. Wong Chee Wai as Chief Financial Officer Frontken Corporation Berhad announced the appointment of Mr. Wong Chee Wai, aged 52 as Chief Financial Officer with effect from 3 May 2023. Wong Chee Wai is an associate member of Chartered Institute of Management Accountants and Chartered Accountant of Malaysian Institute of Accountants. He has more than 29 years of experience in audit, accounting, financial, tax, treasury and budget management in audit firm and various organisations. He joined Frontken Corporation Berhad in 2009 as senior finance manager and, subsequently, he was promoted to Financial Controller and Senior Financial Controller. Reported Earnings • May 04
First quarter 2023 earnings: EPS and revenues miss analyst expectations First quarter 2023 results: EPS: RM0.015 (down from RM0.017 in 1Q 2022). Revenue: RM114.0m (down 4.3% from 1Q 2022). Net income: RM23.6m (down 11% from 1Q 2022). Profit margin: 21% (down from 22% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 27%. Earnings per share (EPS) also missed analyst estimates by 39%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Commercial Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: RM0.078 (vs RM0.067 in FY 2021) Full year 2022 results: EPS: RM0.078 (up from RM0.067 in FY 2021). Revenue: RM517.2m (up 15% from FY 2021). Net income: RM123.3m (up 18% from FY 2021). Profit margin: 24% (in line with FY 2021). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Commercial Services industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Dec 06
Frontken Corporation Berhad Appoints Wong Chee Wai as Principal Officer Frontken Corporation Berhad announced the appointment of Mr. Wong Chee Wai, 51, as Principal Officer of the company, with effect from December 5, 2022. Working experience: Mr. Wong is a Chartered Accountant by profession and an associate member of CIMA. He has over 16 years of work experience in audit, accounting, financial, tax, treasury and budget management in various organizations before joining Frontken Corporation Berhad in 2009 as senior finance manager. Subsequently he was promoted to Financial Controller and Senior Financial Controller. Reported Earnings • Nov 02
Third quarter 2022 earnings released: EPS: RM0.022 (vs RM0.017 in 3Q 2021) Third quarter 2022 results: EPS: RM0.022 (up from RM0.017 in 3Q 2021). Revenue: RM134.6m (up 15% from 3Q 2021). Net income: RM34.7m (up 27% from 3Q 2021). Profit margin: 26% (up from 23% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Commercial Services industry in Malaysia. 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 25% per year. Upcoming Dividend • Aug 12
Upcoming dividend of RM0.016 per share Eligible shareholders must have bought the stock before 19 August 2022. Payment date: 20 September 2022. Payout ratio is a comfortable 56% but the company is paying out more than the cash it is generating. Trailing yield: 1.4%. Lower than top quartile of Malaysian dividend payers (4.8%). Lower than average of industry peers (2.1%). Reported Earnings • Jul 29
Second quarter 2022 earnings released: EPS: RM0.021 (vs RM0.016 in 2Q 2021) Second quarter 2022 results: EPS: RM0.021 (up from RM0.016 in 2Q 2021). Revenue: RM128.2m (up 18% from 2Q 2021). Net income: RM32.2m (up 30% from 2Q 2021). Profit margin: 25% (up from 23% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 20%, compared to a 11% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Jul 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 32%. The fair value is estimated to be RM2.64, 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 19%. Revenue is forecast to grow by 43% in 2 years. Earnings is forecast to grow by 49% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorated over the past week After last week's 18% share price decline to RM2.14, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 13x in the Commercial Services industry in Asia. Total returns to shareholders of 140% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM2.65 per share. Duyuru • Jun 13
Frontken Corporation Berhad Announces Retirement of DATO JOHAR BIN MURAT @ MURAD as Independent and Non Executive Director Frontken Corporation Berhad retirement of DATO JOHAR BIN MURAT @ MURAD as Independent and Non Executive Director. Change: 10 June 2022. Age: 74. Nationality: Malaysia. Price Target Changed • May 20
Price target decreased to RM3.17 Down from RM3.64, the current price target is an average from 6 analysts. New target price is 25% above last closing price of RM2.53. Stock is down 6.3% over the past year. The company is forecast to post earnings per share of RM0.08 for next year compared to RM0.067 last year. Reported Earnings • May 11
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: RM0.017 (up from RM0.015 in 1Q 2021). Revenue: RM119.1m (up 15% from 1Q 2021). Net income: RM26.5m (up 16% from 1Q 2021). Profit margin: 22% (in line with 1Q 2021). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 21%, compared to a 16% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 24% share price gain to RM3.20, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 15x in the Commercial Services industry in Asia. Total returns to shareholders of 425% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM2.01 per share. Upcoming Dividend • Mar 10
Upcoming dividend of RM0.025 per share Eligible shareholders must have bought the stock before 17 March 2022. Payment date: 13 April 2022. Payout ratio is a comfortable 60% and the cash payout ratio is 95%. Trailing yield: 1.5%. Lower than top quartile of Malaysian dividend payers (4.8%). Lower than average of industry peers (2.2%).