Taliworks Corporation Bhd
Taliworks Corporation Bhd provides water and related utility services, generating revenue primarily through the supply and distribution of water to residential, commercial, and industrial customers.
Business. Taliworks Corporation Bhd (TWRK.KL) is a utilities company operating in the water and related utilities industry. The firm is headquartered in Malaysia and is primarily listed on the Bursa Malaysia stock exchange. Specific details regarding its operating segments and geographic revenue mix are not available.
Analyst recommendations
1 analysts · consensus BuyAt a glance
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- 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
Taliworks Corporation Bhd (TWRK.KL) is a utilities company operating in the water and related utilities industry. The firm is headquartered in Malaysia and is primarily listed on the Bursa Malaysia stock exchange. Specific details regarding its operating segments and geographic revenue mix are not available.
Taliworks Corporation Bhd maintains a relatively conservative capital structure, with a debt-to-equity ratio of 0.44, indicating a moderate reliance on debt financing. The company's liquidity position is characterized as medium, with a current ratio of 1.68, suggesting it can cover its short-term obligations but with limited buffer. Free cash flow stands at MYR 11.58 million, which is lower than operating cash flow of MYR 37.42 million, reflecting capital expenditures of MYR 0.39 million.
Profitability metrics show a return on equity (ROE) of 2.47% and a return on assets (ROA) of 0.99%, both of which are below the typical thresholds for high-performing utility firms. The company's net income of MYR 16.99 million is supported by an operating income of MYR 28.41 million, but the ROE suggests that equity holders are not seeing strong returns relative to the capital invested.
Taliworks operates as a single-segment utility company, with all revenue derived from water and related utility services. There is no disclosed geographic diversification, and the company's revenue is entirely concentrated within Malaysia. This lack of diversification may expose the company to regional economic or regulatory risks.
The company's growth trajectory appears modest, with no disclosed revenue growth rates or future projections. Analysts have assigned a mean price target of MYR 0.88, with a single "buy" recommendation and no "strong buy" or "hold" ratings, suggesting limited near-term upside potential.
Risk factors include a medium liquidity risk, as the company has negative net cash after subtracting total debt. The dilution risk is assessed as low, with no near-term pressure from share issuance or dilutive events. However, the company's reliance on debt financing and the absence of a strong equity return may limit its ability to fund future growth without external capital.
Recent events include the latest financial filing, which shows a stable capital structure and consistent operating cash flow. No major regulatory or operational events have been disclosed in the most recent data, and the company appears to be maintaining a steady, if unremarkable, performance.
- Taliworks operates in the Water & Related Utilities industry with a conservative capital structure and moderate debt levels.
- The company's ROE and ROA are below industry benchmarks, indicating weak returns for equity and asset holders.
- Revenue is entirely concentrated in a single segment and geographic region, increasing exposure to local economic and regulatory risks.
- Analysts have assigned a low consensus rating, with only one "buy" recommendation and no "strong buy" or "hold" ratings.
- Liquidity is medium, and the company has negative net cash after subtracting total debt, signaling potential refinancing risks.
Bull / Bear case
Generated · model-assistedFree cash flow surged 175.4% year-over-year to MYR 115.1 million in FY2026, demonstrating strong cash generation capabilities.
Analysts project 122.8% upside to a target price of MYR 0.88, reflecting strong market confidence in future performance.
Net income grew 14.2% year-over-year to MYR 83.5 million in FY2026, outpacing the modest 2.3% revenue growth.
Long-term debt decreased to MYR 261.4 million in FY2026, reducing leverage and improving the company's financial stability.
The company faces high credit risk, which could impair its ability to secure financing or increase borrowing costs significantly.
Operating income declined 2.1% year-over-year to MYR 148.2 million in FY2026, despite revenue growth, indicating margin pressure.
Liquidity risk is rated as medium, potentially constraining the company's ability to meet short-term financial obligations.
Revenue CAGR of 11.2% over four years is modest, suggesting limited top-line growth potential compared to high-growth peers.
In focus — financials by report
Revenue MYR 461.9M, +2,3% YoY; Operating income −2,1% YoY.
- ▍Revenue MYR 461.9M, +2,3% YoY
- ▍Operating income −2,1% YoY
- ▍Net income +14,2% YoY
- ▍Free cash flow +175,4% YoY
- ▍Net margin 18.1%
Revenue MYR 451.4M, +20,5% YoY; Operating income +51,6% YoY.
- ▍Revenue MYR 451.4M, +20,5% YoY
- ▍Operating income +51,6% YoY
- ▍Net income +74,3% YoY
- ▍Free cash flow +205,2% YoY
- ▍Net margin 16.2%
Revenue MYR 374.7M, +10,9% YoY; Operating income −14,4% YoY.
- ▍Revenue MYR 374.7M, +10,9% YoY
- ▍Operating income −14,4% YoY
- ▍Net income −23,9% YoY
- ▍Free cash flow −47,3% YoY
- ▍Net margin 11.2%
Revenue MYR 337.7M, +11,6% YoY; Operating income −1,8% YoY.
- ▍Revenue MYR 337.7M, +11,6% YoY
- ▍Operating income −1,8% YoY
- ▍Net income −29,8% YoY
- ▍Free cash flow −1 766,0% YoY
- ▍Net margin 16.3%
Revenue MYR 302.6M; Operating income MYR 118.8M.
- ▍Revenue MYR 302.6M
- ▍Operating income MYR 118.8M
- ▍Net margin 25.9%
Valuation FY
Revenue by segment
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Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,05 |
| Revenue | —no estimate | —no estimate | 686,0M MYR |
| Operating income | —no estimate | —no estimate | 164,0M MYR |
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consensus EPS · 26-week trendSell-side observations
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Risk factors
- Net cash is negative after subtracting total debt.
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- Taliworks Corporation Bhd Market data — financials · 2026-05-29
- Taliworks Corporation Bhd Market data — analyst estimates · 2026-05-29
- Taliworks Corporation Bhd Market data — ESG · 2026-05-29