Duyuru • Apr 24
LGMS Berhad, Annual General Meeting, May 26, 2026 LGMS Berhad, Annual General Meeting, May 26, 2026, at 10:00 Singapore Standard Time. Location: ballroom 1, level 2, le meridien petaling jaya, paradigm, no. 1 jalan ss 7/26a, kelana jaya, 47301 petaling jaya, selangor, Malaysia Buy Or Sell Opportunity • Apr 16
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 3.8% to RM0.54. The fair value is estimated to be RM0.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 46% in the next 2 years. Upcoming Dividend • Mar 02
Upcoming dividend of RM0.012 per share Eligible shareholders must have bought the stock before 09 March 2026. Payment date: 24 March 2026. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Malaysian dividend payers (5.4%). Lower than average of industry peers (2.7%). Duyuru • Feb 25
LGMS Berhad announces Annual dividend, payable on March 24, 2026 LGMS Berhad announced Annual dividend of MYR 0.0120 per share payable on March 24, 2026, ex-date on March 09, 2026 and record date on March 10, 2026. Reported Earnings • Feb 25
Full year 2025 earnings released: EPS: RM0.022 (vs RM0.027 in FY 2024) Full year 2025 results: EPS: RM0.022 (down from RM0.027 in FY 2024). Revenue: RM46.1m (up 1.3% from FY 2024). Net income: RM10.2m (down 17% from FY 2024). Profit margin: 22% (down from 27% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 12% growth forecast for the IT industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Jan 06
Now 25% overvalued Over the last 90 days, the stock has fallen 32% to RM0.55. The fair value is estimated to be RM0.44, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 32% in the next 2 years. Reported Earnings • Nov 19
Third quarter 2025 earnings released: EPS: RM0.005 (vs RM0.005 in 3Q 2024) Third quarter 2025 results: EPS: RM0.005 (in line with 3Q 2024). Revenue: RM11.1m (up 3.9% from 3Q 2024). Net income: RM2.38m (up 9.8% from 3Q 2024). Profit margin: 22% (up from 20% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the IT industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. New Risk • Aug 22
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 103% Dividend yield: 2.2% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Dividend is not well covered by cash flows (103% cash payout ratio). Market cap is less than US$100m (RM330.6m market cap, or US$78.1m). Major Estimate Revision • Aug 20
Consensus revenue estimates fall by 12% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from RM49.0m to RM43.0m. EPS estimate fell from RM0.03 to RM0.023 per share. Net income forecast to grow 13% next year vs 18% growth forecast for IT industry in Malaysia. Consensus price target down from RM1.09 to RM0.90. Share price fell 2.6% to RM0.75 over the past week. Price Target Changed • Aug 16
Price target decreased by 18% to RM0.90 Down from RM1.09, the current price target is an average from 2 analysts. New target price is 16% above last closing price of RM0.77. Stock is down 47% over the past year. The company is forecast to post earnings per share of RM0.023 for next year compared to RM0.027 last year. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: RM0.004 (vs RM0.008 in 2Q 2024) Second quarter 2025 results: EPS: RM0.004 (down from RM0.008 in 2Q 2024). Revenue: RM10.5m (down 12% from 2Q 2024). Net income: RM2.03m (down 45% from 2Q 2024). Profit margin: 19% (down from 30% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the IT industry in Malaysia. Reported Earnings • Apr 23
Full year 2024 earnings released: EPS: RM0.027 (vs RM0.025 in FY 2023) Full year 2024 results: EPS: RM0.027 (up from RM0.025 in FY 2023). Revenue: RM45.5m (up 28% from FY 2023). Net income: RM12.3m (up 10.0% from FY 2023). Profit margin: 27% (down from 32% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 11% growth forecast for the IT industry in Malaysia. Duyuru • Apr 18
LGMS Berhad, Annual General Meeting, May 19, 2025 LGMS Berhad, Annual General Meeting, May 19, 2025, at 10:00 Singapore Standard Time. Location: ballroom 3, level 2, le meridien petaling jaya hotel, no.1 jalan ss7/62a, kelana jaya, 47301 petaling jaya, selangor, Malaysia Duyuru • Apr 10
LGMS Berhad (KLSE:LGMS) signed a letter of intent to acquire an unknown minority stake in ANTAREX HOLDINGS SDN BHD LGMS Berhad (KLSE:LGMS) signed a letter of intent to acquire an unknown minority stake in ANTAREX HOLDINGS SDN BHD on April 9, 2025. New Risk • Mar 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: RM417.2m (US$93.4m) 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 (77% accrual ratio). Minor Risk Market cap is less than US$100m (RM417.2m market cap, or US$93.4m). Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: RM0.027 (vs RM0.025 in FY 2023) Full year 2024 results: EPS: RM0.027 (up from RM0.025 in FY 2023). Revenue: RM46.5m (up 31% from FY 2023). Net income: RM12.3m (up 10.0% from FY 2023). Profit margin: 27% (down from 32% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the IT industry in Asia. Board Change • Feb 19
High number of new directors Non-Independent Non-Executive Director Toshio Kanki was the last director to join the board, commencing their role in 2025. Reported Earnings • Nov 29
Third quarter 2024 earnings released: EPS: RM0.005 (vs RM0.005 in 3Q 2023) Third quarter 2024 results: EPS: RM0.005 (in line with 3Q 2023). Revenue: RM10.7m (up 23% from 3Q 2023). Net income: RM2.17m (down 5.7% from 3Q 2023). Profit margin: 20% (down from 27% in 3Q 2023). The decrease in margin was driven by higher expenses. Declared Dividend • Aug 30
Dividend of RM0.005 announced Shareholders will receive a dividend of RM0.005. Ex-date: 11th September 2024 Payment date: 27th September 2024 Dividend yield will be 0.4%, which is lower than the industry average of 4.9%. Reported Earnings • Aug 29
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: RM12.0m (up 23% from 2Q 2023). Net income: RM3.65m (up 2.3% from 2Q 2023). Profit margin: 30% (down from 37% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 43% p.a. on average during the next 2 years, compared to a 17% growth forecast for the IT industry in Malaysia. Duyuru • Aug 28
LGMS Berhad Announces Resignation Lim Yen Teng as Joint Secretary LGMS Berhad announces resignation of LIM YEN TENG as Joint Secretary. Date Of Change 28 August 2024. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to RM1.32, the stock trades at a trailing P/E ratio of 50x. Average forward P/E is 18x in the IT industry in Malaysia. Total returns to shareholders of 22% over the past year. Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: RM0.005 (vs RM0.004 in 1Q 2023) First quarter 2024 results: EPS: RM0.005 (up from RM0.004 in 1Q 2023). Revenue: RM9.32m (up 44% from 1Q 2023). Net income: RM2.44m (up 49% from 1Q 2023). Profit margin: 26% (in line with 1Q 2023). Revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the IT industry in Asia. Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to RM1.48, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 20x in the IT industry in Asia. Total returns to shareholders of 33% over the past year. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to RM1.20, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 20x in the IT industry in Asia. Negligible returns to shareholders over past year. Reported Earnings • Feb 24
Full year 2023 earnings released: EPS: RM0.025 (vs RM0.028 in FY 2022) Full year 2023 results: EPS: RM0.025 (down from RM0.028 in FY 2022). Revenue: RM36.1m (up 10.0% from FY 2022). Net income: RM11.2m (down 2.8% from FY 2022). Profit margin: 31% (down from 35% in FY 2022). The decrease in margin was driven by higher expenses. Reported Earnings • Nov 30
Third quarter 2023 earnings released: EPS: RM0.005 (vs RM0.008 in 3Q 2022) Third quarter 2023 results: EPS: RM0.005 (down from RM0.008 in 3Q 2022). Revenue: RM8.67m (down 1.0% from 3Q 2022). Net income: RM2.30m (down 29% from 3Q 2022). Profit margin: 27% (down from 37% in 3Q 2022). Revenue is forecast to grow 53% p.a. on average during the next 2 years, compared to a 17% growth forecast for the IT industry in Malaysia. New Risk • Oct 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: RM469.7m (US$99.3m) 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 (24% accrual ratio). Minor Risk Market cap is less than US$100m (RM469.7m market cap, or US$99.3m). Reported Earnings • Aug 30
Second quarter 2023 earnings released Second quarter 2023 results: EPS: RM0.008. Net income: RM3.57m (up RM3.57m from 2Q 2022). Revenue is forecast to grow 51% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the IT industry in Asia. Duyuru • Jul 06
LGMS Berhad Appoints Mr. Kenichi Kogiku as Non Independent and Non Executive Director LGMS Berhad announced the appointment of Mr. Kenichi Kogiku as Non Independent and Non Executive Director. Date of change is 05 July 2023. Ageis 53. Working experience and occupation are November 2020: General Manager of Digital Solution Business Div. at Mitsui & Co. Ltd., Tokyo, Japan April 2017: General Manager of Corporate Planning Dept. at Mitsui & Co. Europe PLC, London, U.K. April 2012: General Manager of Telecom Business Dept. at Mitsui & Co. Ltd., Tokyo, Japan April 2008: General Manager of ICT Service Business Dept., Regional Officer, Silicon Valley Office at Mitsui & Co., (U.S.A.) Inc., Silicon Valley, U.S.A. April 2003: Manager of Education Business at Mitsui & Co. Ltd., Tokyo, Japan April 2000: General Manager of Strategic Internet Professional service at Dmind K.K., Tokyo, Japan April 1998: General Manager of Incubation and Business Creation at Viador Japan Business Incubation Center, Tokyo, Japan April 1996: Business Development Manager at Mitsui Comtek Inc., Silicon Valley, U.S.A. April 1993: Manager of Project Finance & Overseas Projects at Mitsui & Co. Ltd., Tokyo, Japan. Reported Earnings • May 31
First quarter 2023 earnings released First quarter 2023 results: EPS: RM0.004. Net income: RM1.64m (up RM1.64m from 1Q 2022). Revenue is forecast to grow 45% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the IT industry in Asia. Duyuru • May 27
LGMS Berhad, Annual General Meeting, Jun 26, 2023 LGMS Berhad, Annual General Meeting, Jun 26, 2023, at 14:00 Indian Standard Time. Agenda: To consider the Audited Financial Statements for the financial year ended 31 December 2022 together with the Directors' Report and Auditors' Report thereon; to consider approve the payment of Directors' fees and benefits totalling RM208,500 for the financial year ended 31 December 2022; to consider approve the payment of Directors' benefits up to an amount of RM28,000 for the financial year ending 31 December 2023 and up to the date of the 3rd AGM of the Company; to consider re-elect Mr. Fong Choong Fook, who retires in accordance with Article 18.2 of the Company's Constitution and being eligible, has offered himself for re-election; to consider re-elect Madam Goh Soon Sei, who retires in accordance with Article 18.2 of the Company's Constitution and being eligible, has offered herself for re-election; and to consider other matters. Reported Earnings • Mar 04
Full year 2022 earnings released: EPS: RM0.028 (vs RM0.023 in FY 2021) Full year 2022 results: EPS: RM0.028 (up from RM0.023 in FY 2021). Revenue: RM33.2m (up 17% from FY 2021). Net income: RM11.5m (up 12% from FY 2021). Profit margin: 35% (down from 36% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 12% growth forecast for the IT industry in Malaysia. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Antonius Sommer is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Nov 04
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Antonius Sommer is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.