Sik Cheong Berhad
Sik Cheong Berhad, an investment holding company, engages in the repackaging, marketing, and distribution of edible oil and other food products in Malaysia. It is involved in the distribution of lamp oil and other trading products. The company also offers RBD palm olein cooking oil under the Sawit Emas and Vitamas brands; and RBD palm olein lamp oil under the Pingat Emas brand. It serves retailer… Read more
Sik Cheong Berhad (0316) - Net Assets
Latest net assets as of September 2025: RM46.43 Million MYR
Based on the latest financial reports, Sik Cheong Berhad (0316) has net assets worth RM46.43 Million MYR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM49.46 Million) and total liabilities (RM3.03 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 | RM46.43 Million |
| % of Total Assets | 93.88% |
| Annual Growth Rate | 30.22% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 27.6 |
Sik Cheong Berhad - Net Assets Trend (2022–2025)
This chart illustrates how Sik Cheong Berhad's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sik Cheong Berhad (2022–2025)
The table below shows the annual net assets of Sik Cheong Berhad from 2022 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | RM44.07 Million | +67.61% |
| 2024-03-31 | RM26.29 Million | +31.70% |
| 2023-03-31 | RM19.96 Million | +0.04% |
| 2022-03-31 | RM19.96 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sik Cheong Berhad'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 38.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM26.96 Million | 61.18% |
| Other Components | RM17.11 Million | 38.82% |
| Total Equity | RM44.07 Million | 100.00% |
Sik Cheong Berhad Competitors by Market Cap
The table below lists competitors of Sik Cheong Berhad ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Delta Manufacturing Limited
NSE:DELTAMAGNT
|
$1.76 Million |
|
Tungray Technologies Inc Class A Ordinary Shares
NASDAQ:TRSG
|
$1.76 Million |
|
Realstone (RSF)
SW:RSPF
|
$1.76 Million |
|
M N C Wireless Bhd
KLSE:0103
|
$1.76 Million |
|
SRQ Resources Inc.
PINK:SRQRF
|
$1.75 Million |
|
Antares Metals Ltd
AU:AM5
|
$1.75 Million |
|
Holmes Place International Ltd
TA:HLMS
|
$1.75 Million |
|
N2OFF Inc
NASDAQ:NITO
|
$1.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sik Cheong Berhad's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 26,292,929 to 44,068,726, a change of 17,775,797 (67.6%).
- Net income of 1,089,288 contributed positively to equity growth.
- New share issuances of 17,820,000 increased equity.
- Other factors decreased equity by 1,133,491.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM1.09 Million | +2.47% |
| Share Issuances | RM17.82 Million | +40.44% |
| Other Changes | RM-1.13 Million | -2.57% |
| Total Change | RM- | 67.61% |
Book Value vs Market Value Analysis
This analysis compares Sik Cheong Berhad'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: 0.75x
- 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 1.67x to 0.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-03-31 | RM0.08 | RM0.13 | x |
| 2023-03-31 | RM0.08 | RM0.13 | x |
| 2024-03-31 | RM0.10 | RM0.13 | x |
| 2025-03-31 | RM0.17 | RM0.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sik Cheong Berhad 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): 2.47%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.21%
- • Asset Turnover: 1.92x
- • Equity Multiplier: 1.06x
- Recent ROE (2.47%) is below the historical average (18.27%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 16.35% | 5.46% | 2.74x | 1.09x | RM1.27 Million |
| 2023 | 30.20% | 7.71% | 3.19x | 1.23x | RM4.03 Million |
| 2024 | 24.07% | 7.95% | 2.50x | 1.21x | RM3.70 Million |
| 2025 | 2.47% | 1.21% | 1.92x | 1.06x | RM-3.32 Million |
Industry Comparison
This section compares Sik Cheong Berhad's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $72,805,287
- Average return on equity (ROE) among peers: 13.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sik Cheong Berhad (0316) | RM46.43 Million | 16.35% | 0.07x | $1.75 Million |
| Three A Resources Bhd (0012) | $69.82 Million | 14.48% | 0.75x | $21.07 Million |
| Sunzen Biotech Bhd (0148) | $97.23 Million | -0.13% | 0.09x | $13.06 Million |
| Bioalpha Holdings Bhd (0179) | $186.67 Million | -0.69% | 0.16x | $3.34 Million |
| Nova Wellness Group Bhd (0201) | $93.94 Million | 15.49% | 0.11x | $3.85 Million |
| SDS Group Bhd (0212) | $38.22 Million | 20.13% | 2.25x | $13.16 Million |
| PTRB (0260) | $36.06 Million | 33.90% | 1.62x | $6.42 Million |
| MYMBN Berhad (0280) | $35.86 Million | 2.72% | 0.27x | $8.98 Million |
| SBH Marine Holdings Berhad (0300) | $77.33 Million | 10.74% | 0.33x | $4.98 Million |
| OB Holdings Berhad (0327) | $20.10 Million | 23.44% | 0.52x | $3.03 Million |