Latest news with #CapeEMS
Yahoo
3 days ago
- Business
- Yahoo
Cape EMS Berhad First Quarter 2025 Earnings: EPS: RM0.004 (vs RM0.014 in 1Q 2024)
Revenue: RM72.4m (down 53% from 1Q 2024). Net income: RM3.43m (down 74% from 1Q 2024). Profit margin: 4.7% (down from 8.7% in 1Q 2024). The decrease in margin was driven by lower revenue. EPS: RM0.004 (down from RM0.014 in 1Q 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Cape EMS Berhad shares are down 6.4% from a week ago. We don't want to rain on the parade too much, but we did also find 3 warning signs for Cape EMS Berhad (1 doesn't sit too well with us!) that you need to be mindful of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
3 days ago
- Business
- Yahoo
Cape EMS Berhad First Quarter 2025 Earnings: EPS: RM0.004 (vs RM0.014 in 1Q 2024)
Revenue: RM72.4m (down 53% from 1Q 2024). Net income: RM3.43m (down 74% from 1Q 2024). Profit margin: 4.7% (down from 8.7% in 1Q 2024). The decrease in margin was driven by lower revenue. EPS: RM0.004 (down from RM0.014 in 1Q 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Cape EMS Berhad shares are down 6.4% from a week ago. We don't want to rain on the parade too much, but we did also find 3 warning signs for Cape EMS Berhad (1 doesn't sit too well with us!) that you need to be mindful of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
New Straits Times
5 days ago
- Business
- New Straits Times
UHY to replace Grant Thornton as Cape EMS' external auditor
KUALA LUMPUR: Cape EMS Bhd has named UHY Malaysia PLT as its new external auditor, replacing its former auditor Grant Thornton Malaysia PLT which recently resigned. In a filing with Bursa Malaysia, the company said UHY has the necessary expertise, experience, and capabilities to serve as its auditor and has been selected as the proposed external auditor, pending the completion of the formal appointment process. "Further announcement will be made by the company once the appointment of UHY as the external auditors is finalised by the board," it said. Grant Thornton resigned as Cape EMS' external auditor on May 29 due to resource constraints. Cape EMS' share price fell 6.38 per cent, dropping 1.5 sen to close at 22 sen from the previous closing price of 23.5 sen, with 37.5 million shares changing hands and a market capitalisation of RM213.69 million.
New Straits Times
5 days ago
- Business
- New Straits Times
Cape EMS tumbles to record low on auditor resignation
KUALA LUMPUR: Shares of Cape EMS Bhd tumbled 17.02 per cent to a morning low of 19.5 sen in active trades, after the group announced the resignation of its external auditors, Grant Thornton Malaysia PLT, due to resource constraints. The stock opened 2.13 per cent lower at 23 sen from yesterday's close of 23.5 sen before slipping further to 20.5 sen, down 12.77 per cent, by 10.23am. This marks a fresh record low since the company made its Main Market debut on March 10, 2023. The previous low was 21.5 sen, logged on April 9 this year. At the time of writing, a total of 20.95 million shares had changed hands, the counter's busiest trading day in nearly three months. The stock's highest single-day volume this year was 57.96 million shares on March 3. Year-to-date, Cape EMS shares have fallen nearly 49 per cent from 38 sen, extending a broader downtrend following a strong debut last year. The counter had surged 67 per cent on its first day of trading in March 2023, closing at RM1.50 against its initial public offering price of 90 sen. Cape EMS, an electronics manufacturing services provider, said yesterday that its external auditor had tendered its resignation via a written notice dated May 28. The resignation, citing resource constraints, takes effect on June 18 under Section 281(2) of the Companies Act 2016. The company said it will appoint a new audit firm and announce the replacement in due course. It also confirmed there were no other matters requiring shareholder attention. In March, Cape EMS saw the emergence of a new single-largest shareholder, Chung Chee Yang, who acquired an 11.14 per cent stake via open market purchases. Chung is also a substantial shareholder in Cypark Resources Bhd. Earlier in February, the group outlined plans to expand into the renewable energy sector to diversify earnings and support Malaysia's transition to a greener economy.
