SOUTH MALAYSIA INDUSTRIES BHD
KLSE (MYR): SMI (4375)
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Last Price
0.395
Today's Change
0.00 (0.00%)
Day's Change
0.00 - 0.00
Trading Volume
0
Financial
Market Cap
Market Cap
83 Million
NOSH
210 Million
Latest Quarter
Latest Quarter
30-Sep-2024 [#1]
Announcement Date
28-Nov-2024
Next Quarter
31-Dec-2024
Est. Ann. Date
22-Feb-2025
Est. Ann. Due Date
01-Mar-2025
QoQ | YoY
-196.95% | -32.99%
T4Q Result
Revenue | NP to SH
32,409.000 | -4,752.000
RPS | P/RPS
15.41 Cent | 2.56
EPS | P/E | EY
-2.26 Cent | -17.48 | -5.72%
DPS | DY | Payout %
0.00 Cent | 0.00% | 0.00%
NAPS | P/NAPS
0.61 | 0.65
QoQ | YoY
-14.45% | 40.16%
NP Margin | ROE
-14.66% | -3.70%
F.Y. | Ann. Date
30-Sep-2024 | 28-Nov-2024
Latest Audited Result
Latest Audited Result
30-Jun-2024
Announcement Date
30-Oct-2024
Next Audited Result
30-Jun-2025
Est. Ann. Date
30-Oct-2025
Est. Ann. Due Date
27-Dec-2025
Annual (Unaudited)
Revenue | NP to SH
34,448.000 | -4,152.000
RPS | P/RPS
16.38 Cent | 2.41
EPS | P/E | EY
-1.97 Cent | -20.01 | -5.00%
DPS | DY | Payout %
0.00 Cent | 0.00% | 0.00%
NAPS | P/NAPS
0.62 | 0.64
YoY
55.8%
NP Margin | ROE
-12.05% | -3.19%
F.Y. | Ann. Date
30-Jun-2024 | 30-Aug-2024
Annualized Result
Revenue | NP to SH
31,688.000 | -9,676.000
RPS | P/RPS
15.06 Cent | 2.62
EPS | P/E | EY
-4.60 Cent | -8.59 | -11.65%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
-133.04% | -32.99%
NP Margin | ROE
-30.54% | -7.54%
F.Y. | Ann. Date
30-Sep-2024 | 28-Nov-2024
Business Process
| Trailing 4 Quarters | Trailing 8 Quarters | |||
|---|---|---|---|---|
| Available Quarters | 4 Quarters | 8 Quarters | ||
| Continuous Quarters Of Revenue Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Total Positive Profit Years | 1 / 4 | 25.00% | 1 / 8 | 12.50% |
| Continuous Quarters Of Positive Profit | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Continuous Quarters Of Profit Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Continuous Quarters Of Adjusted EPS Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Total Dividend Years | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Continuous Quarters Of Dividend | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Continuous Quarters Of Dividend Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Continuous Quarters Of Adjusted Dps Growth | 0 / 4 | 0.00% | 0 / 8 | 0.00% |
| Average ROE | -0.93% | -1.20% | ||
| Average Net Profit Margin | -15.94% | -18.09% | ||
| Last 5 Financial Years | Last 10 Financial Years | |||
|---|---|---|---|---|
| Available Years | 5 Years | 10 Years | ||
| Continuous Quarters Of Revenue Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Total Positive Profit Years | 0 / 5 | 0.00% | 3 / 10 | 30.00% |
| Continuous Quarters Of Positive Profit | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Continuous Quarters Of Profit Growth | 1 / 5 | 20.00% | 1 / 10 | 10.00% |
| Continuous Quarters Of Adjusted EPS Growth | 1 / 5 | 20.00% | 1 / 10 | 10.00% |
| Total Dividend Years | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Continuous Quarters Of Dividend | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Continuous Quarters Of Dividend Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Continuous Quarters Of Adjusted Dps Growth | 0 / 5 | 0.00% | 0 / 10 | 0.00% |
| Average ROE | -2.99% | -0.08% | ||
| Average Net Profit Margin | -7.97% | 0.25% | ||
Key Result
| T4Q | Annualized | Annual (Unaudited) | Last 10 FY Average | Last 5 FY Average | |
|---|---|---|---|---|---|
| Revenue | 32,409 | 31,688 | 34,448 | 52,485 | 40,011 |
| NP to SH | -4,752 | -9,676 | -4,152 | 429 | -4,059 |
| Dividend | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -2.26 | -4.60 | -1.97 | 0.20 | -1.93 |
| Adjusted DPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share
All figures in '000 unless specified.
EPS & DPS's figures in Cent.
Growth
| LQ QoQ | LQ YoY | CQ YoY | LQ vs Average of T4Q | LQ vs Average of T8Q | |
|---|---|---|---|---|---|
| Revenue | -8.75% | -20.48% | -20.48% | -2.22% | -14.06% |
| NP to Owner | -196.95% | -32.99% | -32.99% | -103.62% | -52.46% |
| Dividend | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Adjusted EPS | -196.95% | -32.99% | -32.99% | -103.62% | -52.46% |
| Adjusted DPS | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year
| T4Q vs LFY | T4Q vs AL5FY | T4Q vs AL10FY | AQR vs LFY | AQR vs AL5FY | AQR vs AL10FY | LFY YoY | LFY vs AL5FY | LFY vs AL10FY | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | -5.92% | -19.00% | -38.25% | -8.01% | -20.80% | -39.63% | -48.63% | -13.90% | -34.37% |
| NP to Owner | -14.45% | -17.07% | -1,205.89% | -133.04% | -138.38% | -2,351.80% | 55.80% | -2.29% | -1,066.26% |
| Dividend | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Adjusted EPS | -14.50% | -17.12% | -1,206.32% | -133.04% | -138.38% | -2,351.80% | 55.80% | -2.29% | -1,066.26% |
| Adjusted DPS | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year
Discussions
1 person likes this. Showing 50 of 813 comments
Big chance for takeover SMI. Francis Leong and two subsidiaries of Techbase Industries Bhd—are offering 45 sen per share to acquire the remaining shares they do not already own, according to its filing with Bursa Malaysia Securities. They now control more than half of the issued shares in SMI.
2024-09-09 19:46
An Open Letter to Bursa Malaysia, SC, MSWG, SSM on Transparency Issue of South Malaysia Industries Berhad (SMI)
https://klse.i3investor.com/web/blog/detail/RCKT1/2024-09-10-story-h468377297-An_Open_Letter_to_Bursa_Malaysia_SC_MSWG_SSM_on_Transparency_Issue_of_So
2024-09-10 19:54
Bursa Malaysia certainly needs to explain the mandatory general offer (MGO) announced by SMI a month ago, otherwise similar situations will happen to other companies in the future ...
2024-09-11 11:58
Where's the update from SMI? Typical old management with lack of communication...
2024-09-11 16:38
As retail investors, we find ourselves in a state of confusion regarding the ongoing Mandatory General Offer (MGO) of South Malaysia Industries Berhad (SMI). The recent flurry of announcements and legal disputes surrounding the MGO has left us questioning whether this offer is still proceeding and why the communication from SMI’s management and Board of Directors appears to be unclear and contradictory.
A Confusing Situation for Investors?
On 20 August 2024, the Unconditional Mandatory Takeover Offer was issued by Target 1 Sdn Bhd (T1) through TA Securities Holdings Berhad, offering to acquire all the remaining ordinary shares of SMI at RM0.45 per share. For many of us, this initially presented a clear opportunity to evaluate our position in SMI and decide whether to tender our shares. However, things became much more complicated soon after.
In late August, it was announced that Mr. Mah Sau Cheong, a minority shareholder, had filed an interim injunction to halt the MGO process, seeking clarity and protection for shareholders while the court deliberates on the offer. The situation was further complicated when, on 5 September 2024, the court dismissed the ad interim injunction. Despite this, SMI’s Board of Directors agreed to “prayer (b)” of the Plaintiff’s application, which restrains the company from taking further steps under the MGO until the matter is resolved.
Adding to the confusion, on 13 September 2024, SMI made an announcement stating that, despite the dismissal of the injunction, they would not proceed with the MGO until further court directions are provided following the next hearing, scheduled for 27 October 2024.
Is the MGO Still Ongoing?
From a retail investor’s perspective, this conflicting information is deeply concerning. On the one hand, we were told that the MGO was moving forward after the dismissal of the ad interim injunction. Yet, on the other hand, SMI has agreed to halt the process until further court orders are issued. This mixed messaging has left investors wondering: Is the MGO still on, or has it been effectively paused?
Furthermore, the legal back-and-forth raises a critical question: Why is the management and Board of Directors of SMI, who are responsible for ensuring transparency and protecting shareholder interests, seemingly contributing to the confusion? Instead of providing clear guidance on the MGO’s status, they appear to be adding layers of complexity, making it difficult for retail investors to make informed decisions about our holdings.
A Call for Clarity
As minority shareholders, we expect transparency and timely communication from SMI’s management, especially when it comes to such a significant event as a Mandatory General Offer. Unfortunately, this has not been the case, and we find ourselves in a state of uncertainty. We are left in limbo, unsure whether to act on the RM0.45 offer or wait for the court’s decision at the end of October.
We urge the Board of Directors and management of SMI to clarify the situation. Is the MGO still ongoing? If so, what should we, as shareholders, expect? If not, why has there been such a lack of clear communication to date? We seek answers, not further complications.
With legal actions pending and conflicting announcements being made, it is imperative for Bursa Malaysia, the Securities Commission Malaysia (SC), and the Minority Shareholders Watch Group (MSWG) to step in and ensure that SMI acts in the best interests of all shareholders. The current uncertainty and lack of transparency are unacceptable, and retail investors like ourselves deserve better.
We hope that the upcoming court hearing on 27 October 2024 will provide much-needed clarity. Until then, we continue to monitor the situation closely, but our confidence in the company’s leadership is waning.
https://klse.i3investor.com/web/blog/detail/LETTER/2024-09-18-story-h469212536-A_Concerned_Investor_s_Perspective_Uncertainty_Surrounding_SMI_s_Mandato
2024-09-18 19:04
Hopeless already this counter and the management is not willing to change their incompetent attitude
1 month ago
The new “CEO” of the company received a total of RM1.1 million in remuneration package by SMI despite the significant losses of the company. Buta gaji and company is going to tutup kedai. ha
1 month ago
Sorry for Your Loss, Shareholders of SMI - “CEO” for leading the company for multi-year losses.
https://klse.i3investor.com/web/blog/detail/Therealinvestor/2024-11-09-story-h473746561-Sorry_for_Your_Loss_Shareholders_of_South_Malaysia_Industries_SMI
1 month ago
Poor shareholders, they originally believed in SMI, but were betrayed by the failed management team
1 month ago
Kaunter ni belum muflis ? Sudah mengalami kerugian secara berturut-turut sejak tahun 2019 😅
1 month ago
Better fire all the directors and management, so that SMI can survive from bankruptcy
1 month ago
The largest shareholder of SMI has called for an upcoming extraordinary general meeting (EGM) scheduled for Jan 9, 2025, to appoint six new directors to the company’s board, including former Perak police chief Datuk Pahlawan Mior Faridalathrash Wahid
https://theedgemalaysia.com/node/735102
3 weeks ago
South Malaysia Industries Bhd will hold an EGM on Jan 9, 2025, called by its largest shareholder, Target 1 Sdn Bhd, to appoint six new directors, including former Perak police chief Datuk Pahlawan Mior Faridalathrash Wahid.
Dday for the management in 1 month time
3 weeks ago
Typical trash management, another "excellent" qr by them. Just step down and save your own face
3 weeks ago
The company surely will present good financial performance next year after those incompetent management is replaced
2 weeks ago
as long current management remains, the company will keep going downhill!!! Let the new blood change the old blood!
2 weeks ago
SMI slams EGM advert as ‘misleading’, seeks SC clarification over director appointments ... This company is done
https://theedgemalaysia.com/node/736079
2 weeks ago
To people who are concerned : https://klse.i3investor.com/web/blog/detail/LETTER/2024-12-04-story-h475708831-Frankly_Speaking_Is_the_Board_of_Directors_of_South_Malaysia_Industries_
2 weeks ago
Mampus. Tangguh lagi ... tak ada EGM bulan depan ... Pengurus x mau tangani masalah
2 weeks ago
The dispute between the board of directors and the major shareholder still continues ..
2 weeks ago
This company will sink into PN17 then go delisted. All thanks to those management 😵
1 week ago
Drama continues. SMI seeks to strike out lawsuit over proposed EGM ...
https://theedgemalaysia.com/node/737305
1 week ago
making themself look bad again hahaha, nobody trusting them now just step away & dont keep shaming urself
1 week ago
SMI is kena reprimanded by another major shareholder, Target 1
https://theedgemalaysia.com/node/738032
5 days ago
Share price is free falling now. It will fall to 10 cents and its market cap will be less than RM30 mil
3 days ago
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4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Kkristal
old management are useless, seal the deal & let techbase take over
2024-09-09 16:49