GBGAQRS
5226 S
0.150

GBGAQRS

5226
S
GABUNGAN AQRS BERHAD KLSE Summary
Main Market : Construction

0.150

0.000 (0.0%)
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High 0.000
Low 0.000
Open 0.000
Volume 0
Volume (B/S) 398,000 / 235,400
Price Bid/Ask 0.145 / 0.155
   
52w 0.140 - 0.225
ROE 1.03
P/E 15.46
EPS 0.97
DPS
DY 0.00%
 
NTA 0.9400
P/B 0.16
RPS 26.89
PSR 0.56
Market Cap 81.6M
Shares (mil) 543.94
TopQ QoQ YoY
CAGR %
3Y -42.8% TTM -31.8%
5Y -19% TTM -24.8%
RSI(14) Oversold 28.9
Stochastic(14) Neutral 25.0
Stochastic RSI(14) Oversold 0.0
Average Volume (3M) 403,700
Relative Volume 0.4

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EPS DPS NTA Revenue P/L Quarter Q Date Financial Year Announced ROE QoQ% YoY% Report
30 Jun, 2026
0.6200 0.000 0.9400 32.22m 3.34m 4 2026-06-30 30 Jun, 2026 2026-08-26 0.7% 974.3% 815.3%
0.0600 0.000 0.9300 27.65m 311.00k 3 2026-03-31 30 Jun, 2026 2026-05-22 0.1% 74.8% 103.9%
0.2300 0.000 0.9300 38.43m 1.24m 2 2025-12-31 30 Jun, 2026 2026-02-25 0.2% 215.9% 147.6%
0.0700 0.000 0.9300 47.96m 391.00k 1 2025-09-30 30 Jun, 2026 2025-11-26 0.1% 68.9% 106.9%
30 Jun, 2025
0.2200 0.000 0.9300 95.89m 1.26m 4 2025-06-30 30 Jun, 2025 2025-08-28 0.2% 116% 66.7%
-1.4500 0.000 0.9300 41.08m -7.88m 3 2025-03-31 30 Jun, 2025 2025-05-28 -1.6% 203.5% 348.2%
-0.4800 0.000 0.9400 70.75m -2.60m 2 2024-12-31 30 Jun, 2025 2025-02-27 -0.5% 54.1% 180.4%
1.0400 0.000 0.9400 39.47m -5.66m 1 2024-09-30 30 Jun, 2025 2024-12-05 1.1% 249.4% 253.7%
30 Jun, 2024
0.7000 0.000 0.9600 55.72m 3.79m - 2024-06-30 30 Jun, 2024 2024-09-02 0.7% 19.2% 14.7%
0.5800 0.000 0.9500 66.96m 3.18m - 2024-03-31 30 Jun, 2024 2024-05-29 0.6% 1.7% 10%
0.6000 0.000 0.9500 71.51m 3.23m - 2023-12-31 30 Jun, 2024 2024-02-28 0.6% 12.2% 36.1%
0.6800 0.000 0.9400 81.36m 3.68m - 2023-09-30 30 Jun, 2024 2023-11-29 0.7% 11.5% 12.2%
0.6100 0.000 0.9300 70.99m 3.30m - 2023-06-30 30 Jun, 2024 2023-08-23 0.7% 6.4% 40.5%
0.6500 0.000 0.9300 85.23m 3.53m - 2023-03-31 30 Jun, 2024 2023-05-24 0.7% 37.5% 35.1%
31 Dec, 2022
1.0400 0.000 0.9300 105.48m 5.64m 4 2022-12-31 31 Dec, 2022 2023-02-22 1.1% 34.6% 5.7%
0.7700 0.000 0.9100 81.67m 4.19m 3 2022-09-30 31 Dec, 2022 2022-11-30 0.8% 24.5% 38.6%
1.0200 0.000 0.9100 79.08m 5.55m 2 2022-06-30 31 Dec, 2022 2022-08-23 1.1% 2% 52.6%
1.0000 0.000 0.9000 71.72m 5.44m 1 2022-03-31 31 Dec, 2022 2022-05-25 1.1% 7.1% 19.6%
31 Dec, 2021
0.9400 0.000 0.8900 66.15m 5.08m 4 2021-12-31 31 Dec, 2021 2022-02-24 1.1% 68% 56.6%
0.5600 0.000 0.9000 79.39m 3.02m 3 2021-09-30 31 Dec, 2021 2021-11-30 0.6% 16.9% 39.2%
0.6700 0.000 0.9000 98.74m 3.64m 2 2021-06-30 31 Dec, 2021 2021-08-30 0.7% 20% 104.9%
0.9200 0.000 0.9200 86.50m 4.55m 1 2021-03-31 31 Dec, 2021 2021-06-18 1.0% 48.3% 15.9%
31 Dec, 2020
1.7800 0.000 0.9100 84.15m 8.79m 4 2020-12-31 31 Dec, 2020 2021-02-26 2.0% 76.9% 176.8%
1.0100 1.000 0.9000 84.41m 4.97m 3 2020-09-30 31 Dec, 2020 2020-11-26 1.1% 106.7% 56.1%
-15.0300 0.000 0.8900 -53.27m -74.16m 2 2020-06-30 31 Dec, 2020 2020-08-28 -16.9% 1991.4% 803.6%
0.7900 0.000 1.0400 76.85m 3.92m 1 2020-03-31 31 Dec, 2020 2020-06-29 0.8% 27.4% 65.2%
31 Dec, 2019
1.1000 0.000 1.0400 79.85m 5.40m 4 2019-12-31 31 Dec, 2019 2020-02-28 1.1% 52.3% 37.1%
2.3100 1.500 1.0400 118.79m 11.32m 3 2019-09-30 31 Dec, 2019 2019-11-29 2.2% 7.4% 33.6%
2.1500 0.000 1.0200 127.99m 10.54m 2 2019-06-30 31 Dec, 2019 2019-08-22 2.1% 6.4% 44.8%
2.3100 0.000 0.9900 86.35m 11.26m 1 2019-03-31 31 Dec, 2019 2019-05-17 2.3% 2.8% 31.7%
31 Dec, 2018
2.3400 0.000 0.9900 108.52m 10.95m 4 2018-12-31 31 Dec, 2018 2019-02-28 2.4% 35.7% 68.4%
3.6400 0.000 1.0500 159.27m 17.05m 3 2018-09-30 31 Dec, 2018 2018-10-18 3.5% 10.7% 80.7%
4.1600 0.000 1.0100 187.19m 19.10m 2 2018-06-30 31 Dec, 2018 2018-07-27 4.1% 15.9% 164.2%
3.5400 3.000 0.9800 127.49m 16.47m 1 2018-03-31 31 Dec, 2018 2018-05-14 3.6% 8.1% 2.1%
31 Dec, 2017
3.7200 0.000 1.0300 150.21m 15.23m 4 2017-12-31 31 Dec, 2017 2018-02-08 3.6% 61.5% 104.5%
2.3200 2.000 1.0400 80.45m 9.43m 3 2017-09-30 31 Dec, 2017 2017-11-24 2.2% 30.5% 82.9%
1.8500 0.000 0.9400 79.83m 7.23m 2 2017-06-30 31 Dec, 2017 2017-08-24 2.0% 55.2% 15.2%
4.1300 0.000 0.9200 158.94m 16.14m 1 2017-03-31 31 Dec, 2017 2017-05-22 4.5% 118.3% 330.3%
31 Dec, 2016
1.8900 0.000 0.9000 86.07m 7.40m 4 2016-12-31 31 Dec, 2016 2017-02-23 2.1% 43.4% 908.9%
1.3200 0.000 0.8600 69.01m 5.16m 3 2016-09-30 31 Dec, 2016 2016-11-24 1.5% 17.8% 123.5%
1.6100 0.000 0.8500 95.34m 6.27m 2 2016-06-30 31 Dec, 2016 2016-08-18 1.9% 67.2% 15.4%
0.9600 0.000 0.8300 79.65m 3.75m 1 2016-03-31 31 Dec, 2016 2016-05-27 1.2% 631.2% 38.6%
31 Dec, 2015
0.1300 0.000 0.8300 46.89m 513.00k 4 2015-12-31 31 Dec, 2015 2016-02-26 0.2% 102.3% 95.6%
-5.6700 0.000 0.8300 34.35m -21.94m 3 2015-09-30 31 Dec, 2015 2015-11-27 -6.8% 503.7% 244.9%
1.4000 0.000 0.8900 85.88m 5.44m 2 2015-06-30 31 Dec, 2015 2015-08-20 1.6% 11% 61.3%
1.5700 0.000 0.8700 105.39m 6.11m 1 2015-03-31 31 Dec, 2015 2015-05-21 1.8% 47.5% 49.3%
31 Dec, 2014
3.1700 0.000 0.8600 122.03m 11.63m 4 2014-12-31 31 Dec, 2014 2015-02-25 3.7% 23.2% 96.1%
4.1200 0.000 0.8300 133.27m 15.15m 3 2014-09-30 31 Dec, 2014 2014-11-15 5.0% 7.8% 140.7%
3.9600 0.000 0.7600 131.16m 14.06m 2 2014-06-30 31 Dec, 2014 2014-08-28 5.2% 16.7% 39%
3.3900 0.000 0.7400 147.66m 12.04m 1 2014-03-31 31 Dec, 2014 2014-05-21 4.6% 108.1% 59%
31 Dec, 2013
1.6300 1.910 0.7100 114.12m 5.79m 4 2013-12-31 31 Dec, 2013 2014-02-28 2.3% 8% 93.2%
1.7700 0.000 0.6900 105.46m 6.29m 3 2013-09-30 31 Dec, 2013 2013-11-29 2.6% 72.7% 59.8%
6.4800 0.000 0.6800 103.25m 23.04m 2 2013-06-30 31 Dec, 2013 2013-08-27 9.5% 204.1% 154.8%
2.1300 0.000 0.6300 83.48m 7.58m 1 2013-03-31 31 Dec, 2013 2013-05-28 3.4% 152.8% 34.4%
31 Dec, 2012
0.9400 0.000 0.6700 65.25m 3.00m 4 2012-12-31 31 Dec, 2012 2013-02-26 1.4% 23.9% 0%
1.2800 0.000 0.6900 110.47m 3.94m 3 2012-09-30 31 Dec, 2012 2012-11-28 1.9% 56.5% 0%
3.0800 0.000 0.4700 61.57m 9.04m 2 2012-06-30 31 Dec, 2012 2012-08-29 6.6% 60.4% 0%
1.9200 0.000 0.4400 82.24m 5.64m 1 2012-03-31 31 Dec, 2012 2012-07-24 4.4% 0% 0%

Financial Year Revenue ('000) Net ('000) EPS DP% Net % Report
30 Jun, 2026 146,260 5,278 0.9800 -
30 Jun, 2025 247,194 -14,871 -0.6700 - 171.9% View
30 Jun, 2024 431,767 20,694 3.8200 - 0.6% View
31 Dec, 2022 337,953 20,813 3.8300 - 27.8% View
31 Dec, 2021 330,773 16,280 3.0900 - 128.8% View
31 Dec, 2020 192,142 -56,478 -11.4500 -8.7% 246.6% View
31 Dec, 2019 412,979 38,521 7.8700 19.1% 39.4% View
31 Dec, 2018 582,471 63,569 13.6800 21.9% 32.3% View
31 Dec, 2017 469,436 48,039 12.0200 16.6% 112.8% View
31 Dec, 2016 330,058 22,576 5.7800 - 328.4% View
31 Dec, 2015 272,511 -9,886 -2.5700 - 118.7% View
31 Dec, 2014 534,124 52,879 14.6400 - 23.9% View
31 Dec, 2013 406,308 42,692 12.0100 15.9% 97.5% View
31 Dec, 2012 319,527 21,614 7.2200 - View

Announced Financial Year Subject EX Date Payment Date Amount Indicator
31 Dec, 2020
26 Nov 2020 31 Dec 2020 Interim Dividend 17 Dec 2020 07 Jan 2021 0.0100 Currency View
31 Dec, 2019
29 Nov 2019 31 Dec 2019 Interim Dividend 13 Dec 2019 09 Jan 2020 0.0150 Currency View
31 Dec, 2018
03 Dec 2018 31 Dec 2018 Interim Dividend 14 Dec 2018 10 Jan 2019 0.0200 Currency View
14 May 2018 31 Dec 2018 Interim Dividend 28 May 2018 12 Jun 2018 0.0200 Currency View
14 May 2018 31 Dec 2018 Special Dividend 28 May 2018 12 Jun 2018 0.0100 Currency View
31 Dec, 2017
23 Nov 2017 31 Dec 2017 Interim Dividend 06 Dec 2017 21 Dec 2017 0.0050 Currency View
23 Nov 2017 31 Dec 2017 Special Dividend 06 Dec 2017 21 Dec 2017 0.0150 Currency View
31 Dec, 2013
04 Jun 2014 31 Dec 2013 Final Dividend 08 Jul 2014 23 Jul 2014 0.0191 Currency View
31 Dec, 2012
01 Jul 2013 31 Dec 2012 Final Dividend 11 Jul 2013 29 Jul 2013 0.0156 Currency View

Announced EX Date Subject Ratio Offer
28 Feb 2019 13 Mar 2019 Interim Dividend 2 : 100 View
05 Sep 2018 21 Sep 2018 Bonus Issue (warrant) 1 : 4 View
29 May 2015 13 Jul 2015 Final Dividend 1 : 100 View
03 Jul 2013 15 Jul 2013 Bonus Issue (warrant) 9 : 20 View

Name Price Change Volume Gearing Premium Premium % Maturity
No warrants found.

Announced Date Change Type Shares Name
No records

Recent News
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Recent Announcements
  • OTHERS
    GABUNGAN AQRS BERHAD ("GBGAQRS" OR "THE COMPANY") - DISCONTINUATION OF FACSIMILE NUMBER OF THE SHARE REGISTRAR
  • Quarterly rpt on consolidated results for the financial period ended 30/06/2026
  • MATERIAL LITIGATION
    GABUNGAN AQRS BERHAD ("GBGAQRS" OR "THE COMPANY") - WRIT OF SUMMONS AND STATEMENT OF CLAIM FILED AT THE HIGH COURT OF MALAYA AT KUALA LUMPUR SUIT NO. WA-22NCC-93-02/2025 BY GABUNGAN STRATEGIK SDN BHD, A WHOLLY OWNED SUBSIDIARY OF GBGAQRS & SYARIKAT MUHIBAH PERNIAGAAN DAN PEMBINAAN SDN BHD (COLLECTIVELY KNOWN AS "PLAINTIFFS") VS TURNPIKE SYNERGY SDN BHD, MOHAMMAD AZLAN BIN ABDULLAH, ROSTAM SHAHRIF BIN TAMI, ZAIRULNIZAM BIN ROHANI & SATUNAS TECHNOLOGIES SDN BHD (COLLECTIVELY KNOWN AS "DEFENDANTS
  • MATERIAL LITIGATION
    GABUNGAN AQRS BERHAD ("GBGAQRS" OR "THE COMPANY") - WRIT OF SUMMONS AND STATEMENT OF CLAIM FILED AT THE HIGH COURT OF MALAYA AT KUALA LUMPUR SUIT NO. WA-22NCC-93-02/2025 BY GABUNGAN STRATEGIK SDN BHD, A WHOLLY OWNED SUBSIDIARY OF GBGAQRS & SYARIKAT MUHIBAH PERNIAGAAN DAN PEMBINAAN SDN BHD (COLLECTIVELY KNOWN AS "PLAINTIFFS") VS TURNPIKE SYNERGY SDN BHD, MOHAMMAD AZLAN BIN ABDULLAH, ROSTAM SHAHRIF BIN TAMI, ZAIRULNIZAM BIN ROHANI & SATUNAS TECHNOLOGIES SDN BHD (COLLECTIVELY KNOWN AS "DEFENDANTS
  • OTHERS
    GABUNGAN AQRS BERHAD ("GBGAQRS" or "the Company") - EXECUTION OF A NEW JOINT VENTURE AGREEMENT TO SUPERSEDE THE EXISTING JOINT VENTURE AGREEMENT BETWEEN GBG DEVELOPMENT SDN BHD AND RISING CHARM SDN BHD TO UNDERTAKE AN INTERGRATED COMMERCIAL DEVELOPMENT ON A PIECE OF LAND LOCATED IN PEKAN KAMPUNG SUNGAI TANGKAS, DAERAH ULU LANGAT, NEGERI SELANGOR OR KNOWN AS BANGI, SELANGOR
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transforming cities
1 Like · Reply
its time to plan out Bangi project
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3 months · translate ·
Lee Owen
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结论：SFP Q1FY2026 是“营收恢复，但盈利质量明显变弱”的成绩单。不是烂，但不能算强。
1. 表面增长：Revenue +27.25%
Revenue：
2026 Q1 = RM26.28m
2025 Q1 = RM20.65m
增长 +27.25%
但问题是：
Gross Profit：
2026 Q1 = RM12.73m
2025 Q1 = RM13.64m
反而下降 -6.64%
这代表：
生意量变大，但毛利吃不动。
2. 毛利率明显压缩
2026 Q1 Gross Margin：
12.731 / 26.283 = 48.44%
2025 Q1 Gross Margin：
13.636 / 20.654 = 66.02%
毛利率从 66.02% 跌到 48.44%。
这是整份报告最关键的负面点。
不是因为 revenue 不够，而是成本结构恶化。
3. 净利大跌，不只是税的问题
PAT：
2026 Q1 = RM2.00m
2025 Q1 = RM7.04m
下降 -71.59%
PBT：
2026 Q1 = RM3.86m
2025 Q1 = RM6.25m
下降 -38.26%
所以不是单纯 tax 拖累。
税确实高，但经营层面本身已经弱化。
4. 税率异常高，压低净利
Effective tax rate：48.13%
正常 statutory tax rate：24%
公司解释是 capital allowances 减少 + non-deductible expenses 增加。
这点要小心：
如果未来税率恢复正常，PAT 会改善；
但如果 non-deductible expenses 继续高，盈利会继续被压。
5. Inventory 问题很刺眼
Inventories：
31 Dec 2025 = RM55.44m
31 Mar 2026 = RM60.69m
增加 RM5.25m
同时现金流里出现：
Allowance for slow-moving and obsolete inventories RM2.24m
这说明库存不只是增加，里面还有慢动/过时风险。
对制造业来说，这是盈利质量的黄灯。
6. 现金流还可以，但 Capex 很重
Operating cash flow：+RM4.04m
这点算正面，至少不是账面赚钱、现金流崩掉。
但 investing cash flow：
Purchase PPE = RM10.65m
公司还在扩产/投入设备。
如果后面订单真的释放，这是成长投入；
如果订单兑现不够，就会变成折旧压力 + 债务压力。
7. 借贷继续上升
Total borrowings：
31 Dec 2025 = RM56.44m
31 Mar 2026 = RM59.81m
增加 RM3.37m
现金有 RM13.13m，但 borrowings 接近 RM60m。
净债务大约：
RM59.81m - RM13.13m = RM46.68m
对目前季度 PAT 只有 RM2m 的状态来说，债务压力不轻。
8. 最大正面：Q2 开始有订单
公司说已有几个 MNC 客户的 sizeable firm orders，涉及 semiconductor、medical、renewable energy，delivery 从 Q2 开始。
这句话是未来预期的核心。
所以 Q1 不能单独判死刑。
但重点是：
Q2/Q3 必须证明订单能转成更高毛利和更强现金流。
9. 我的判断
基本面状态：中性偏弱，带恢复期待
不是爆雷。
也不是强劲成长股成绩单。
真正结构是：
Revenue recovery + margin compression + inventory pressure + high capex + rising debt
所以目前不能只看营收增长。
营收增长是真的，但盈利质量还没跟上。
10. 后续最该盯的 5 个点
Gross margin 能不能回到 55%以上
Inventory 有没有继续增加
Q2 revenue 是否明显突破 RM30m
Operating cash flow 是否继续为正
Borrowings 有没有继续上升
最终结论
SFP Q1FY2026：
订单前置期的恢复季度，不是盈利爆发季度。
短期看：
利润质量偏弱。
中期看：
Q2/Q3 才是关键验证期。
如果 Q2 revenue 上升、margin 修复、库存下降，结构会转强。
如果 revenue 上升但 margin 继续压缩，SFP 会变成“忙但不赚钱”的制造股。
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