Srcs.Kl
SRCS.KL operates in the real estate rental, development, and operations sector, generating revenue primarily through property management, development, and leasing activities.
Business. SRCS.KL operates in the real estate rental, development, and operations sector, generating revenue primarily through property management, development, and leasing activities.
At a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
SRCS.KL operates in the real estate rental, development, and operations sector, generating revenue primarily through property management, development, and leasing activities.
SRCS.KL maintains a debt-to-equity ratio of 1.36, indicating a moderate reliance on debt financing, which is in line with the capital structure typical for real estate firms. The company's liquidity is assessed as medium, with a current ratio of 1.01, suggesting limited short-term liquidity cushion. Free cash flow stands at MYR 10.67 million, which is a positive sign for operational flexibility, though it is relatively modest compared to the company's total assets of MYR 958.36 million.
Profitability metrics show a return on equity (ROE) of 1.87% and a return on assets (ROA) of 0.76%, both of which are below the industry median for real estate firms. These figures suggest that the company is underperforming in terms of asset utilization and equity returns. The operating margin, calculated as operating income of MYR 33.98 million on revenue of MYR 59.48 million, is 57.16%, which is relatively strong but not sufficient to offset the low ROE and ROA.
The company's revenue is not segmented by geographic region or business line in the available data, making it difficult to assess geographic or product diversification. However, the concentration of revenue in a single business model (real estate rental, development, and operations) suggests a moderate level of business risk due to lack of diversification.
Looking ahead, the company's revenue is expected to grow, though the exact rate is not specified. The capital expenditure of MYR -4.45 million indicates a reduction in investment in new assets, which may signal a shift in strategy or a focus on asset optimization. The company's operating cash flow of MYR 48.85 million supports this strategy, as it provides the necessary liquidity to fund operations and reduce reliance on external financing.
The risk assessment highlights a key flag: net cash is negative after subtracting total debt, indicating that the company's cash reserves are insufficient to cover its long-term obligations. This could pose a liquidity risk if the company faces unexpected cash outflows or a decline in operating cash flow. The dilution risk is assessed as low, with no significant dilution expected in the near term.
Recent events, including filings and transcripts, are not detailed in the available data, so no specific recent developments can be cited. However, the company's financial performance and risk profile suggest a need for continued monitoring of its liquidity and capital structure.
- SRCS.KL has a moderate debt-to-equity ratio of 1.36, indicating a balanced but not overly leveraged capital structure.
- The company's ROE of 1.87% and ROA of 0.76% are below the industry median, suggesting underperformance in asset and equity returns.
- Free cash flow of MYR 10.67 million provides some operational flexibility but is relatively modest compared to total assets.
- The company's revenue is not segmented, indicating a lack of geographic or product diversification.
- Net cash is negative after subtracting total debt, signaling potential liquidity risk.
- Dilution risk is low, with no significant dilution expected in the near term.
Bull / Bear case
analysis pipelineIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
Options
Short squeeze
Earnings-call key lines
Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- SRCS.KL Market data — financials · 2026-05-29