5 Warning Signs for PMB Technology Berhad: Are Investors Too Confident?

PMB Technology Berhad (KLSE:PMBTECH) released its First Quarter 2024 financial report, showing a decline in revenue to RM264.3m, down 3.9% from the same period in 2023. The company’s net income also decreased significantly to RM1.18m, down 88% from 1Q 2023. The profit margin fell to 0.4% from 3.5% in the previous year, with earnings per share dropping to RM0.001 from RM0.008 in 1Q 2023.

Looking ahead, PMB Technology Berhad forecasts an average annual revenue growth of 9.3% over the next three years, higher than the industry growth forecast for the Metals and Mining sector in Malaysia of 6.7%. Despite a slight decrease of 2% in the company’s share price from a week ago, the overall industry performance remains stable.

It is important for investors to be aware of five warning signs for PMB Technology Berhad, with three of them raising concerns. These risks should be considered when making investment decisions about the company. If you have any feedback or concerns regarding this article, please reach out to us directly or email our editorial team at editorial-team@simplywallst.com