IQ Group Holdings Berhad is a Malaysia-based company principally involved in investment holding and providing management services. The Company's operating segments include investment holding (includes management services); manufacturing of passive infrared detectors, motion sensor light controllers, wireless video communication devices, door bells, home security system, lighting fixtures and plastic products; trading of security lighting systems, passive infrared detectors and motion sensor light controllers, and development, design, manufacture, sale and distribution of light emitting diode (LED) Luminaires and the manufacture of light engines for use in luminaires. The Company has operations in Malaysia, Japan, British Virgin Islands and People's Republic of China (PRC). The Company's subsidiaries include IQ Group Sdn. Bhd., IQ Japan Co., Ltd., IQ Industries Limited, IQ Group (Dongguan) Ltd. and SILQ (Malaysia) Sdn. Bhd. (Source FT.com)

 

For the fiscal year ended March 31, 2016, the IQ Group’s metrics are as follows:

 

Revenue: RM190m

Net income: RM20.86

EPS: 23.7 sen

Share Capital: 88m; Par Value RM1 per share

Dividend 10 sen

ROA: 12.60%

ROE: 16.26%

ROI: 15.86%

Book value per share: RM1.55

Current Ratio: 4.37

Quick Ratio: 3.22

Borrowings: Zero

Cash and bank balances: RM48m or 54 sen per share

Lasted traded price RM2.04 as at 3.8.2016

 

The above metrics show that this stock is safe and undervalued with a good dividend yield.

 

The management of the group is full of confidence for the group. Appended below is the Chairman’s statement: 

 

Corporate Developments 

Another exciting year for IQ-group! Despite the global uncertainty and volatility of market conditions, the repeated strong performance in FY15/16 illustrates the robust position IQ-group currently enjoys. Our signi cant emphasis on R&D drives considerable new product development with related results maintaining 

strong support from our established and developing customer base. 

IQ-group’s revised vision statement (as below) sums up our unrelenting ambition which is enthusiastically supported by the developing strategies within the business. 

“To achieve global market disruption as we detect, illuminate and announce your arrival via shockingly exciting solutions!” 

ere is no doubt that we are in exciting times. ‘LEDs’, ‘sensors’ and ‘connectivity’ are buzz words which are often central to discussions as the world progresses increasingly towards connected devices and ultimately to ‘the internet of things’. IQ-group is undoubtedly well positioned as we bring our reputation, expertise and innovation in these 

areas to the market place. 

In the past year we have continued to invest in people, signi cantly bolstering our breadth and depth of capabilities and so we look forward to the future with con dence and anticipation. 

Financial Overview 

e Group continued to maintain strong nancial performance, delivering a very similar result to last years’ record performance. For the nancial year ended 31 March 2016, the Group achieved a revenue of RM190 million, a slight decrease of 2% as compared to the previous year’s revenue of RM194 million whilst still being able to maintain pro t attributable to the equity holders of RM21million for nancial year ended 31 March 2016. 

e Group has maintained a healthy statement of nancial position with zero gearing. As at 31 March 2016, the net assets of the Group stood at RM137 million with a net cash and bank balances of RM48 million (or RM0.54 per share). 

 

Future Prospects 

IQ-group is blessed with valued customer relationships and many developing opportunities. As a business, IQ-group has increasing self- belief and ambition. With the clear growth based strategies in place, we remain motivated and con dent regarding the prospects ahead of us. 

Appreciation 

On behalf of the Board of Directors, I again wish to thank each and every member of the IQ-group team for their commitment and tireless e orts which have resulted in another encouraging year end result. 

My sincere appreciation also goes to my colleagues on the Board for their valued and appreciated participation over the past one year. 

Chen, Wen-Chin also known as Kent Chen 

Chairman 

 

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