MSCM Holdings Bhd
Hong Seng Consolidated Berhad, an investment holding company, engages in gloves and nitrile butadiene latex manufacturing, healthcare, and financial businesses in Malaysia. It operates through Healthcare, Financial Services, and gloves, Seafood Business, and Others segments. The company also offers medical diagnostic and research laboratory services; supplies medical and healthcare products; mone… Read more
MSCM Holdings Bhd (0041) - Net Assets
Latest net assets as of December 2025: RM263.36 Million MYR
Based on the latest financial reports, MSCM Holdings Bhd (0041) has net assets worth RM263.36 Million MYR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM342.01 Million) and total liabilities (RM78.65 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | RM263.36 Million |
| % of Total Assets | 77.0% |
| Annual Growth Rate | 14.41% |
| 5-Year Change | 2.12% |
| 10-Year Change | 389.39% |
| Growth Volatility | 97.54 |
MSCM Holdings Bhd - Net Assets Trend (2004–2025)
This chart illustrates how MSCM Holdings Bhd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for MSCM Holdings Bhd (2004–2025)
The table below shows the annual net assets of MSCM Holdings Bhd from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | RM300.56 Million | -16.97% |
| 2024-03-31 | RM361.99 Million | -2.86% |
| 2023-03-31 | RM372.64 Million | -4.73% |
| 2022-03-31 | RM391.12 Million | +32.90% |
| 2021-03-31 | RM294.31 Million | +379.90% |
| 2020-03-31 | RM61.33 Million | +261.01% |
| 2019-03-31 | RM16.99 Million | -42.17% |
| 2018-03-31 | RM29.37 Million | -45.82% |
| 2017-03-31 | RM54.21 Million | -11.72% |
| 2016-03-31 | RM61.42 Million | -3.56% |
| 2015-03-31 | RM63.68 Million | -13.92% |
| 2014-03-31 | RM73.98 Million | -1.60% |
| 2013-03-31 | RM75.18 Million | +10.01% |
| 2012-03-31 | RM68.34 Million | +25.12% |
| 2011-03-31 | RM54.62 Million | +25.64% |
| 2010-03-31 | RM43.47 Million | +40.47% |
| 2009-03-31 | RM30.95 Million | +22.80% |
| 2008-03-31 | RM25.20 Million | -10.33% |
| 2007-03-31 | RM28.10 Million | +22.87% |
| 2006-03-31 | RM22.87 Million | +21.81% |
| 2005-03-31 | RM18.78 Million | +5.47% |
| 2004-03-31 | RM17.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MSCM Holdings Bhd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 5089408500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM50.86 Million | 16.92% |
| Common Stock | RM251.48 Million | 83.67% |
| Other Comprehensive Income | RM-1.79 Million | -0.59% |
| Total Equity | RM300.56 Million | 100.00% |
MSCM Holdings Bhd Competitors by Market Cap
The table below lists competitors of MSCM Holdings Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gamla Harel Residential Real-Estate Ltd
TA:GMLA
|
$1.48 Million |
|
Universal PropTech Inc
PINK:UPIPF
|
$1.48 Million |
|
CHINA HEALTH GRP HD-10
F:VNL1
|
$1.48 Million |
|
STRAP
CO:STRAP
|
$1.48 Million |
|
C.H.ROBINSON WLDWDE
MU:CH1A
|
$1.48 Million |
|
South Malaysia Industries Bhd
KLSE:4375
|
$1.48 Million |
|
CAP-EX IRON ORE
F:X0V
|
$1.48 Million |
|
Altura Mining Limited
PINK:ALTAF
|
$1.48 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MSCM Holdings Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 351,381,789 to 300,558,000, a change of -50,823,789 (-14.5%).
- Net income of 12,896,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 1,788,000.
- Other factors decreased equity by 61,931,789.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM12.90 Million | +4.29% |
| Other Comprehensive Income | RM-1.79 Million | -0.59% |
| Other Changes | RM-61.93 Million | -20.61% |
| Total Change | RM- | -14.46% |
Book Value vs Market Value Analysis
This analysis compares MSCM Holdings Bhd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.17x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.48x to 0.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | RM0.02 | RM0.01 | x |
| 2005-03-31 | RM0.02 | RM0.01 | x |
| 2006-03-31 | RM0.02 | RM0.01 | x |
| 2007-03-31 | RM0.04 | RM0.01 | x |
| 2008-03-31 | RM0.03 | RM0.01 | x |
| 2009-03-31 | RM0.05 | RM0.01 | x |
| 2010-03-31 | RM0.07 | RM0.01 | x |
| 2011-03-31 | RM0.06 | RM0.01 | x |
| 2012-03-31 | RM0.07 | RM0.01 | x |
| 2013-03-31 | RM0.08 | RM0.01 | x |
| 2014-03-31 | RM0.08 | RM0.01 | x |
| 2015-03-31 | RM0.07 | RM0.01 | x |
| 2016-03-31 | RM0.07 | RM0.01 | x |
| 2017-03-31 | RM0.06 | RM0.01 | x |
| 2018-03-31 | RM0.03 | RM0.01 | x |
| 2019-03-31 | RM0.02 | RM0.01 | x |
| 2020-03-31 | RM0.05 | RM0.01 | x |
| 2021-03-31 | RM0.05 | RM0.01 | x |
| 2022-03-31 | RM0.06 | RM0.01 | x |
| 2023-03-31 | RM0.07 | RM0.01 | x |
| 2024-03-31 | RM0.07 | RM0.01 | x |
| 2025-03-31 | RM0.06 | RM0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MSCM Holdings Bhd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 45.50%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.18x
- Recent ROE (4.29%) is above the historical average (1.14%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 16.05% | 34.38% | 0.44x | 1.05x | RM1.08 Million |
| 2005 | 18.74% | 31.77% | 0.40x | 1.47x | RM1.64 Million |
| 2006 | 17.51% | 26.88% | 0.46x | 1.41x | RM1.72 Million |
| 2007 | 17.77% | 31.44% | 0.44x | 1.28x | RM2.18 Million |
| 2008 | 25.48% | 30.80% | 0.42x | 1.98x | RM3.90 Million |
| 2009 | 18.15% | 24.40% | 0.49x | 1.52x | RM2.52 Million |
| 2010 | 25.39% | 24.07% | 0.69x | 1.52x | RM6.66 Million |
| 2011 | 19.32% | 22.58% | 0.60x | 1.43x | RM5.07 Million |
| 2012 | 19.14% | 23.96% | 0.56x | 1.44x | RM6.23 Million |
| 2013 | 16.00% | 22.91% | 0.59x | 1.19x | RM4.47 Million |
| 2014 | 5.87% | 12.76% | 0.33x | 1.39x | RM-3.05 Million |
| 2015 | -13.24% | -23.74% | 0.37x | 1.53x | RM-15.17 Million |
| 2016 | 6.80% | 10.10% | 0.54x | 1.24x | RM-2.02 Million |
| 2017 | -13.72% | -24.78% | 0.45x | 1.23x | RM-13.22 Million |
| 2018 | -79.61% | -92.07% | 0.65x | 1.33x | RM-27.64 Million |
| 2019 | -76.95% | -125.54% | 0.45x | 1.36x | RM-14.77 Million |
| 2020 | -12.12% | -167.84% | 0.07x | 1.07x | RM-13.57 Million |
| 2021 | 11.35% | 31.55% | 0.29x | 1.24x | RM3.67 Million |
| 2022 | 25.03% | 48.99% | 0.46x | 1.11x | RM58.36 Million |
| 2023 | -8.74% | -230.08% | 0.03x | 1.16x | RM-67.56 Million |
| 2024 | -17.42% | -409.58% | 0.04x | 1.15x | RM-96.36 Million |
| 2025 | 4.29% | 45.50% | 0.08x | 1.18x | RM-17.16 Million |
Industry Comparison
This section compares MSCM Holdings Bhd's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $3,467,702,979
- Average return on equity (ROE) among peers: -4.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MSCM Holdings Bhd (0041) | RM263.36 Million | 16.05% | 0.30x | $1.48 Million |
| Digistar Corporation Bhd (0029) | $68.61 Million | -8.23% | 4.37x | $2.09 Million |
| Key Alliance Group Bhd (0036) | $112.06 Million | -18.37% | 0.33x | $1.30 Million |
| Asdion Bhd (0068) | $8.88 Million | -42.32% | 0.70x | $1.33 Million |
| EA Holdings Bhd (0154) | $134.80 Million | -11.08% | 0.09x | $3.07 Million |
| Sports Toto Berhad (1562) | $746.69 Million | 31.23% | 2.52x | $173.30 Million |
| Batu Kawan Bhd (1899) | $7.37 Billion | 4.05% | 3.35x | $249.35 Million |
| Hap Seng Consolidated Bhd (3034) | $9.42 Billion | 6.91% | 1.02x | $292.36 Million |
| Berjaya Assets Bhd (3239) | $2.01 Billion | -6.15% | 0.63x | $25.63 Million |
| IJM Corporation Bhd (3336) | $11.33 Billion | 4.00% | 0.92x | $1.80 Billion |