Executive Intelligence

KPS Berhad — Group Overview

Live systems·Updated 12m ago

FY2024 Revenue

RM 1.09B−11.0% YoY

FY22 peak RM 1.36B

FY2024 PATAMI

RM 73.1M+725% YoY

EPS 13.61 sen

Gearing

0.2x−0.2x

Post-Sukuk repayment

Cash & Bank

RM 385.6MStrong

Selective M&A headroom

Workforce

3,3634 countries

15 manufacturing sites

Intelligence Node · AI-09
Weekly AI Briefing

FY2024 PBT rebounded to RM 109.9M (+166% YoY) on the Kaiserkorp divestment and disciplined cost reset, while revenue moderated to RM 1.09B as CBB rationalised its packaging footprint.

Group revenue moved from RM 1.08B in FY2020 to a peak of RM 1.36B in FY2022, then eased to RM 1.09B in FY2024 as CBB restructured carton and offset capacity. PATAMI swung from RM 8.9M in FY2023 to RM 73.1M in FY2024 (EPS 13.61 sen) — a clean turnaround driven by Toyoplas, CPI and MDS Advance operational discipline plus the RM 56M gain on Kaiserkorp divestment.

Gearing dropped from 0.6x in FY2020 to 0.2x post-Sukuk repayment, with cash of RM 385.6M giving headroom for selective acquisitions. The portfolio now spans 15 manufacturing facilities across Malaysia, China, Vietnam and Indonesia, serving consumer electronics, EMS, healthcare, semiconductors, packaging and water chemicals customers.

Sources · Internal ERP + Bloomberg + AI scrape

Anomaly feed

US reciprocal tariff exposure on EMS exports

CPI / Toyoplas US-bound shipments under cost-push risk; trade diversion underway

Critical

External

China industrial 'involution' spillover

Dumping of packaging & chemicals into ASEAN pressuring CBB margins

Warning

External

MYR / USD volatility on EMS receivables

Forward contracts hedge invoice-to-settlement gap at CPI

Warning

Internal

Group revenue by fiscal year (RM M) — FY2020 → FY2026F

ActualForecastForecast bandAI augmented

Recommended actions

  • 01

    Accelerate 'China Plus One' positioning

    Toyoplas Vietnam & Indonesia ramp absorbs US-tariff customer reshoring

    Defends RM 80M+ export revenue

  • 02

    Close CBB strategic reset (Nilai disposal)

    Redeploy capital from carton to higher-margin paper & OEM

    Restores CBB ROIC > 8%

  • 03

    Deploy RM 100M of cash into bolt-on acquisitions

    Post-Sukuk balance sheet capacity, RM 385M cash

    Adds RM 80-120M revenue by FY26

External signals

FY24 EBITDA margin

16.3%

+5.8 pts YoY

ROCE

10.2%

+6.0 pts YoY

Net Assets / Share

RM 2.03

+0.05 YoY

Dividend / Share

6.5 sen

vs 3.5 sen FY23

Agentic Workflows

Loading workflows…